Lowe's Financial News

«And given the stock price has come down today by, I think, about 7% or 8%, there is only some open offer arbitrage that seems to be on the table,» says Deepak Shenoy, Founder, Capital Mind.You have got a chance to look at this one, Route Mobile.We are looking, to be honest, we do not know for sure if this is our full understanding yet. I think more will come after the call. The parent company is owned by, I think, the Belgian government.

Argentina’s crypto “awareness” levels have risen to 75%, a new study has found, although many citizens say they are still wary of token “volatility.”

Investing.com — Just when OPEC thought it had it all, it appears it didn’t.

The government on Monday simplified norms for exporters to avail benefits of an advance authorization scheme under which free imports of input materials are allowed. This comes in the backdrop of declining merchandise goods exports that fell for the fifth consecutive month in June amid demand slowdown in the west and China.  India’s goods exports slumped over 22% year-over-year in June to hit an eight-month low of $32.97 billion as the value of exports of petroleum products nearly halved in June compared last year when commodity prices were on a boil following the Russia-Ukraine war.

ProChain President David Tawil explains why he predicts rate hikes are on the horizon and likely to stay high 'for a number of years.'

Vistara has started discussions on integrating its staff with Air India, even as the two Tata group carriers await regulatory approvals for merging with each other, its CEO said Monday. Vinod Kannan said there is unlikely to be any rationalisation of staff at Vistara because of this, but added not everyone may get the same position or function in Air India that they held in Vistara. Air India too is in the process of bringing various segments of its staff under one structure.

₹500 crore, which it considers ‘systemically important’. This category includes several large government-backed companies (such as Power Finance Corporation), which account for 45% of assets in this category. Their government-owned status means they can raise funds at a lower cost, thus pulling down the cost of funds for the NBFC sector as a whole.

₹1.5 trillion investment in the current fiscal under the hybrid and EPC route, with the share likely to be 65% and 35% respectively. With investor interest in building greenfield highway projects continuing to remain low, the National Highway Authority of India is unlikely to award projects on build operate transfer (BoT) mode in FY24 and continue to rely on tested HAM and EPC models, two persons aware of the development said.

₹40 for an average duration of 2.6 fortnights whereas prices remain below ₹20 for an average duration of 10 fortnights. While the yearly peaks have exhibited a general increase, the troughs have remained largely constant, indicating that prices do not ratchet up across spells.

WASHINGTON—U.S.-based companies won relief from two pieces of the global minimum tax deal, and the changes will delay or reduce the taxes they are set to pay to foreign countries. Under the updated agreement negotiated by the Treasury Department, companies will have an extra year—through 2025—before foreign countries can start imposing new taxes on any U.S. companies deemed to pay too little tax in the U.S.

₹10 lakh annually, a higher disposable income, multiple credit cards to optimize every spend, extreme planning to redeem rewards for the best deal and, finally, expensive annual fees charged by the cards. If all this doesn’t sound like your cup of tea, there is a simpler option for you: a cashback credit card. The rewards system with a cashback credit card is simple–a percentage of the amount you spend with every swipe is paid back to you.

MUMBAI : I never thought the last days of my youth would be spent worrying about a home loan," said Rahul, days before he entered his mid-thirties. “You turn 36, my dear," his wife Pooja, who had taken a break to complete her PhD in economics, replied. “I didn’t know 36 was young these days." “Well, the trouble with youth is that one assumes it will continue forever," replied Rahul.

Chinese Foreign Minister Qin Gang has remained wholly out of the public eye for the past month, sparking intense debate about his whereabouts. His last public appearance was on June 25 for a meeting with Sri Lankan Foreign Minister Ali Sabry in Beijing. While officials indicate that he missed the recent ASEAN Foreign Ministers’ meeting due to health reasons people have remained skeptical.

Despite growing interest in private markets and other alternative investments, US venture capital (VC) funding activity saw a significant slump in the first half of 2023 according to new stats.

Tejaswini Ananthkumar, vice president at BJP Karnataka unit on Monday rejected reports of her quitting the party and pursuing a political career outside. «Don't believe speculations.

Earlier this month the Reserve Bank of India (RBI) released a report on the rupee’s internationalization. If our currency is used to settle our export/import transactions, it shifts exchange-rate risk to our counterparts, which is a big plus for our firms. In parallel, there has also been talk about a BRICS (Brazil, Russia, India, China and South Africa) currency along special-drawing-rights lines.

GANDHINAGAR : Harnessing private capital is a key challenge for multilateral development banks (MDBs) as the risk-return ratio is not feasible, says NK Singh, who along with former US treasury secretary Lawrence Summers is the co-convenor of a G20 expert group on strengthening MDBs. The first part of the report on developing MDBs by the expert committee will be made public today. India is trying to leverage the G20, of which it holds the rotating presidency this year, to make MDBs more effective for loans to developing countries.

Eli Lilly and Co has shared full findings of its phase 3 clinical study of donanemab at the Alzheimer’s Association International Conference in Amsterdam which shows that the newly developed drug can modestly slow patients’ inevitable worsening.  To put a number, the report claims that the drug can slow down the process 35% or by 4-7 months.  Eli Lilly and Co. has said it applied for full US approval of its Alzheimer’s disease drug. If approved this will be the second effective drug to combat the mind-robbing disease, after Japanese drugmaker Eisai developed Leqembi.  More than 1,700 patients with early-stage Alzheimer’s disease or mild cognitive impairment received Lilly’s drug or a placebo in the 18-month trial.

Reliance Industries (RIL) has demerged its financial services arm - Reliance Strategic Investments, which will be renamed and listed as Jio Financial Services on July 20. The demerged entity will also be included in the Nifty 100, Nifty 200, and Nifty 500 indices, as well as other sectoral indices, the National Stock Exchange said on July 17.

Richemont led luxury-goods stocks lower amid concerns that demand in the US and China, two of the biggest markets for the industry, is starting to sputter.

In March 2020, Simon Harman and the team at Oxen (formerly known as LOKI) found themselves in a tight spot. It was the start of the global pandemic, and they were running out of funding, having worked to build products for three years during a bear market. To top it all off, Bitcoin’s value had just dropped to a historic low of $3,000. “We were staring down the barrel of death, basically,” Harman recalls. It was clear that to survive the team needed to develop new products—ideally, ones that operated in a different market than the privacy space. Oxen’s encrypted messaging app, Session, had just been released; that platform would ultimately gain a great deal of popularity, boasting some 700,000 monthly users. However, in early 2020, Session had not yet become profitable, and Oxen was finding the privacy space particularly difficult to operate in. They needed something new, and fast.