Opinion Financial News

TV Today Network among 10 companies is expected to be in focus today as they have set September 11 as the record date for determining shareholders eligible for dividend payments. This means today will be the last day to buy the shares of these companies in order to qualify for the dividends they announced.

The U.S. Federal Reserve can afford to make a jumbo 50 basis points rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank's forthcoming meeting remains hotly divided.

World shares held near three-week lows on Friday, and crude oil languished near this year's lows, as caution prevailed ahead of the crucial U.S. jobs data that could decide the size and speed of coming rate cuts in the world's largest economy.

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits President Nayib Bukele's decision to bank on bitcoin three years ago with changing his life. «Before I was unemployed… and now I have my own business,» said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company.

Read more about other air purifiersin the kitchen and diningsection on the Top Trending Productspage. Read about the Best Dyson Air Purifiers in India below. 1. Dyson Air Purifier Big+Quiet Featuring HEPA H13 filter, the Dyson Air Purifier Big+Quiet is capable of capturing fine pollutants as small as 0.1 micron. It features a long-range air projection which ensures that even large rooms are effectively purified. It is also Dyson’s quietest purifier at 56 dBA ensuring a very quiet operation in your home. It also enables you to control it with your voice or app ensuring easy management with smart connectivity. Also, its hygienic filter replacement system allows for a simple and clean filter change. Special Features:

Supreme Court on Friday dismissed a plea seeking injunction against the BJP and restrain it from using 'kamal' or lotus as the party symbol. Observing that the plea has been filed for publicity, a bench of Justices Vikram Nath and Prasanna B Varale upheld the Madhya Pradesh High Court order which dismissed the suit. «You want name and fame for yourself. Look at the plea, what is the kind of relief claimed by you? Dismissed,» the bench said. The top court was hearing an appeal filed by one Jayant Vipat challenging an order of the Madras High Court which dismissed his plea saying there was no merit in the plea.

Baazar Style Retail debuted on the exchanges on Friday on a flat note at Rs 389 on BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of 12% to the issue price.

Nitin Gadkari on Thursday said there is no need to provide subsidies to electric vehicle makers as cost of production has come down and consumers are now opting for electric vehicles (EVs) or CNG vehicles on their own. Speaking at an event, Gadkari said initially costs of manufacturing electric vehicles were high, but as demand has increased, production costs have dropped, making further subsidies unnecessary. «Consumers are now choosing electric and compressed natural gas (CNG) vehicles on their own and I do not think we need to provide much subsidy for electric vehicles,» the minister said, pointing out the lower rate of GST on electric vehicles (5%) compared to petrol and diesel vehicles (28%). «In my opinion, manufacturing of electric vehicles no longer needs to be subsidised by the government,» he said, adding the demand for subsidies isn't justified anymore.

Best 7kg washing machines: Top 7 picks that are compact, efficient and reliable for all your laundry needsThe LG 7 Kg Fully-Automatic Front Load Washing Machine is equipped with advanced features such as Direct Drive Technology and Steam Wash, providing superior cleaning results. This model, with a capacity of 7 kg, is well-suited for smaller families. Its 1200 RPM spin speed guarantees effective drying, while the 5-star energy rating ensures energy efficiency and cost savings.

Brokerage firm Angel One has warned its users against a website and an instagram page which it found to be «falsely» representing themselves as affiliates of the company while soliciting investments by promising unrealistic returns. In its filing to the exchanges on Thursday, Angel One mentioned a website with a URL https://shahinvestment.com/ and an Instagram Page @shahs_investment_ which it said were unlawfully using the company's name to deceive the public.

Goldman Sachs analysts said. Last month, Vice President Harris outlined plans to raise the corporate tax rate to 28% from 21%, in order to ensure «big corporations pay their fair share.» Goldman analysts said in a note late on Wednesday that at a 28% taxation rate, they estimate earnings of S&P 500 companies would take a 5% hit.

Raymond shares surged 8% over two days, reaching a high of Rs 2,179 on the BSE on Wednesday, ahead of the listing of its lifestyle business, Raymond Lifestyle (RLL) on the stock exchanges on Thursday. The brokerages also see this as a transformative move for the company which is synonymous with legacy brands such as Park Avenue, Raymond, Parx, and ColorPlus.

Coal India (CIL) fell by 4% to a low of Rs 500.70 on the BSE on Wednesday after the company posted sales volumes of 52.1mt on Monday, down 12% YoY. Domestic brokerages like Nuvama and JM Financial are still optimistic about the stock because a few dips do not change the future. CIL reported sales volumes of 52.1mt in August 2024, down 12% YoY, owing to a weak power demand amid heavy rainfall. However, volumes clocked a decline of 5.7% YoY during Jul-Aug '24 negating the impact of only monsoon for the decrease, implying that CIL’s volume was under pressure owing to weak demand.

digital transactions are fairly seamless. Now, the Reserve Bank of India wants to expand the country’s unified payments interface, or UPI, to lending: The central bank’s governor has repeatedly promised that a “unified lending interface” will soon be rolled out. That carries great potential — and not a little risk. India’s model for financial interconnectedness is based around what it calls “digital public infrastructure.” The idea is simple: The government, or a closely regulated quasi-public entity, invests in, manages, and pays for the system through which digital transactions take place. Businesses can create apps that use this infrastructure; interoperability is built in, so those apps must compete on cost and quality rather than on the size of their network. Consumers can decide how much of their information they are willing to share with specific apps or for specific transactions, and theoretically the seller’s access to private data is neither permanent nor very deep. The Indian IT whizzes who designed the system insist it avoids the worst of the US model (which is fragmented, insecure, and expensive), European systems (which are overregulated, lecture to business, and stifle innovation) and the Chinese network (which does not privilege privacy or allow for accountability to civil society).

United States may not be on the brink of recession as being claimed by major economists as per latest revelation by popular economist Adam Posen, who has claimed that the scares of an imminent recession may actually be far away. His view has opposed the concept of many other economists who have raised the alarm of a major US recession.

Congress is exploring the possibility of an alliance with AAP in poll-bound Haryana. The INDIA bloc partners had stated earlier that their electoral understanding was restricted to the Lok Sabha polls, when Congress contested nine out of 10 seats in the state and AAP one. However, there has been a growing realisation that if the two parties were to fight the assembly elections separately it could mean fragmentation of anti-BJP votes. According to people privy to talks, AAP has sought 10 out of 90 assembly seats but Congress is willing to part with seven. Two rounds of talks have taken place between AAP's Rajya Sabha MP Raghav Chaddha and Congress general secretary KC Venugopal, they said, adding another round of talks will take place soon.

The Bank of Canada is widely expected to cut its policy interest rate by 25 basis points on Wednesday and there are few indications that it will stop there, economists say.

Karnataka is expected to pitch for GST exemption on health and life insurance only on such products used by the working and lower middle classes at the upcoming GST Council meeting. The Congress-ruled state is not in favour of a blanket exemption on premium insurance products bought by the higher income groups, according to Krishna Byre Gowda, the state’s revenue minister who represents the southern state on the GST Council. “We are open to the issue,” he told ET, responding to queries on demands for the removal of 18% GST on life and health insurance premium. “We will suggest health and life insurance, which are more of a working class and lower middle class issue, should be looked at positively, regardless of revenue considerations,” Gowda said.

According to a recent ABC News/Ipsos survey, which was released on Sunday, Harris led Trump among all adults and registered voters 50 per cent to 46 per cent. Harris had a 52 per cent to 46 per cent advantage over Trump among likely voters. The results are comparable and statistically unchanged from an August poll, according to pollsters. Before the convention, an ABC News, Washington Post, and Ipsos poll found that among registered voters, Harris had 49% support and Trump had 45%. Everybody's eyes were on the polls that were made public after the Democratic National Convention last month to see if the vice president would gain ground after the convention, as some candidates have in the past. Starting on August 23, the day following the convention's last night, a poll was conducted. Pollsters noted that Harris widened the gender gap, even though most of the numbers were essentially unchanged from before the Democratic convention. Regarding women, Harris had a 13-point advantage (54% versus 41%), while Trump had a 5-point advantage (51% versus 46%). According to pollsters, Harris had a 6-point advantage over women before the convention.

Raymond shares surged 9% to hit a high of Rs 2,182 on the NSE on Tuesday ahead of the listing of its lifestyle business which is expected this week. Brokerages see this as a transformative move for the company which is synonymous with legacy brands such as Park Avenue, Raymond, Parx and ColorPlus. Brokerages like Motilal Oswal and InCred which were part of the investors’ meet remain optimistic about the company's prospects.