Opinion Financial News

The just-concluded general elections have once again proven the vitality of Indian democracy. The democratic process has established that the democratic institutions of this country are more than capable of giving all sections of society a voice, especially the marginalized. With the formation of a new government, parliamentary processes have kicked in.

Michelle Obama not interested in throwing her hat into the ring in the 2024 US Presidential Election? Does she not care for the Democratic Party, which is in deep crisis and divided over the issue of the nominee for the November 5 election? Keeping herself away from the chaos and mayhem into which the party has found itself after the June 27 presidential debate, the former first lady was seen enjoying herself at a party in Mallorca. According to 'New York Post', Michelle was spotted chilling, relaxing, sipping water and talking to ex-Google CEO Eric Schmidt and other guests at a party at the villa of James Costos, former President Barack Obama’s onetime ambassador to Spain and Andorra. Back home, many Democrat lawmakers wrote to Joe Biden to step aside after his dismal performance at the debate where he fumbled, struggled to find words and failed to hit back at Republican contender Donald Trump.

A former United States government official has accused federal regulators of targeting the cryptocurrency industry through a campaign of “debanking.”

Joe Biden's dismal performance in the June 27 presidential debate and the damage has been done. Republican contender Donald Trump is gaining ground in key swing states and may threaten to take states once considered to be safe for Democrats, despite Biden's resolve to stay in the contest and beat the former president once again. According to 'Cook Political Report', Biden's base has further eroded and he is losing the survey polls post-debate. Its Editor-in-Chief Amy Walter wrote in an article that the post-debate polling would further move Minnesota, New Hampshire and Nebraska’s 2nd Congressional District from “Likely Democratic” to “Lean Democratic.” It also moved Nevada, Arizona and Georgia from “Tossup” to “Lean Republican.”

Navin Flourine and Escorts Kubota among other stocks are likely to remain in focus on Thursday as their record date for the purpose of the dividend payment is July 5. This means that today is the last chance to buy these stocks in order to be eligible for the dividend payment.

George Clooney, an actor and die-hard Democrat, recently wrote an opinion article in 'The New York Times' advising President Joe Biden to drop out of the 2024 Presidential Election. Renowned political activist Clooney expressed apprehension over Biden's latest debate performance and its consequences for the Democratic Party's chances in November, as per the reports of 'Yahoo News'.

Motilal Oswal Nifty India Defence Index Fund collected Rs 1,676 crores during the New Fund Offer (NFO) period between June 13 and 27, Motilal Oswal Asset Management Company (AMC) said in a release on Thursday. Units were allocated on July 3 in the newly launched defense-themed fund and the scheme will reopen for further subscription and redemption from July 9.

A new poll finds Americans are increasingly skeptical about the value and cost of college

Supreme Court's ruling Monday in former President Donald Trump's 2020 election interference case makes it all but certain that the Republican will not face trial in Washington ahead of the November election. The Supreme Court did not dismiss — as Trump had wanted — the indictment alleging he illegally schemed to cling to power after he lost to President Joe Biden. But the ruling still amounts to a major victory for the presumptive Republican presidential nominee, whose legal strategy has focused on delaying the proceedings until after the election. The timing of the trial matters because if Trump defeats Biden, he could appoint an attorney general who would seek the dismissal of this case and the other federal prosecutions he faces. Or Trump could potentially order a pardon for himself.

Indian Medical Association (IMA) president R V Asokan told the Supreme Court on Tuesday his unconditional apology to the apex court over his «damaging» statements in an interview to PTI, where he had answered queries about Patanjali Ayurved Ltd's misleading advertisements case, has been published in various publications. The IMA's counsel told a bench of Justices Hima Kohli and Sandeep Mehta that his unconditional apology has been published in the association's monthly publication, on the IMA's website, as also by PTI. «Last time, I (Asokan) had submitted an affidavit of apology. Your lordships were of the opinion that the apology should be given proper publicity like the interview...,» senior advocate P S Patwalia, appearing for the IMA, told the bench. He said the IMA has a monthly publication, and on its first page, a full page advertisement says that Asokan has apologised, expressed regret to the apex court and has submitted his affidavit tendering unconditional apology.

On the options front, the maximum Call OI is placed at 24,200 and then towards 24,000 strikes, while the maximum Put OI is placed at 24,000 and then towards 23,800 strikes.

Nifty's beginning of the July series may have been on slippery wicket, its end in the corresponding month over the last ten years are skewed in favour of the bulls. The 50-stock index has settled positive on nine occasions with highest monthly returns of nearly 9% in 2022. The next highest returns were yielded in 2020 at 7.5%, followed by 2018, 2017 and 2016 when the returns were nearly 6%, 6% and 4%, respectively. In July 2023 and 2021 the returns were 1.44% and 0.26% and Nifty fell nearly 6% in 2019.

The CNX 500 saw some participation but Mid-cap, Small-cap and other broad-based indices were muted. The recent participation was mainly due to Reliance, ICICI Bank and HDFC Bank. Hence, it was a concentrated move of the Nifty 50 Index that was adding to the recent surge.

Rishi Sunak on Sunday dismissed suggestions that his party was headed to defeat in the July 4 general election, using one of his final televised appearances to defend the Conservatives' record on the economy.

leader Deepak Babaria indicated on Sunday that the party may not project a chief ministerial face for the Haryana Assembly polls slated to be held later this year. The Congress general secretary in-charge of Haryana exuded confidence that his party will win the polls with a big mandate and form its government in the state.

Oil India and Vertoz Advertising, along with several other companies, are expected to remain in focus this week as they approach their record dates for bonus issues, stock splits, buybacks, and demergers. The record date is set by the company to determine which shareholders are eligible to receive the offer. To qualify for a buyback offer, bonus issue, or stock split, shares must be held in the Demat account on the record date.

3M India, M&M, Tata Communications, Apollo Tyres, and several other companies are expected to remain in focus this week as they approach their record dates for dividend payments. Dividends are paid to shareholders whose names appear in the company's database on the record date. Following the implementation of the T+1 settlement framework, the record date and ex-date are typically the same in most cases, barring any market holidays immediately after the ex-date.

A United States court has ruled against cryptocurrency exchange Binance’s attempt to dismiss the majority of claims leveled against it by the country’s securities regulator, the Securities and Exchange Commission (SEC).

Joe Biden and former President Donald Trump are set to face off once again on the debate stage this September.

Vokkaliga seer publicly urged Karnataka Chief Minister Siddaramaiah to step down and make way for his deputy D K Shivakumar, a prominent seer from the dominant Veershaiva-Lingayat community on Friday urged that ministers from his community should be considered in case there is a change in CM post. Also pitching for Veershaiva-Lingayat ministers to be considered in case additional deputy chief minister posts are created, Srisaila Jagadguru Channa Siddharama Panditaradhya Swamiji pointed out that the community votes were decisive for Congress to form government in the state. «Karnataka state political developments and news that is emerging are in discussion. In case there is a change in the chief minister post and if additional deputy CM posts are created — in such a situation, I urge the party (Congress) and government to give priority to ministers from the Veerashaiva-Lingayat community,» the seer said. Speaking to reporters here, he said, «The reason is, during the government formation, Veerashaiva-Lingayat votes were decisive. So Veerashaiva-Lingayat ministers should be given priority. There are ministers like — Eshwar Khandre, M B Patil, S S Mallikarjun — such people should be considered and their experience should be utilised. I urge that they should be given an opportunity.»