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Subscribe to enjoy similar stories. The U.S. economy entered a new era at 12:01 a.m.

Subscribe to enjoy similar stories. India might be cheaper now than it was four months ago, but Chris Wood, global head of equity strategy at Jefferies, is not just celebrating bargains. He is also keeping a watchful eye on potential risks, particularly redemptions.

Small-cap mutual funds declined by 20% over the last six months, according to an analysis of the category's performance. There were around 28 funds during this period. During this time, the Mahindra Manulife Small Cap Fund suffered the largest loss of approximately 24.69%. The HSBC Small Cap Fund and LIC MF Small Cap Fund delivered losses of 23.48% and 23.45%, respectively.

Prada is seeking to expand after posting strong organic sales growth in the last nine months of 2024 despite a slowdown in demand, while Versace operates at a loss. A merger would be Italy's answer to the French conglomerates that dominate the luxury business. «The (Versace) brand needs restructuring and has a history of mismanagement with no easy fix,» said Melania Grippo, analyst at BNP Paribas, in a note on Monday.

Subscribe to enjoy similar stories. A former chairperson of the Securities and Exchange Board of India (Sebi), three current whole-time members (WTMs), a former BSE chairman, and the current BSE managing director and CEO have filed petitions challenging a Mumbai court's order that called for the registration of a first information report (FIR) against them over an allegedly fraudulent listing of a company on BSE. Justice SG Dige of the Bombay High Court set to hear the petitions today.

buy call on Jubilant Foodworks with a target price of Rs 780. The current market price of Jubilant Foodworks Ltd. is Rs 607.3. Jubilant Foodworks, incorporated in 1995, is a Large Cap company with a market cap of Rs 40174.68 crore) operating in Tourism & Hospitality sector. Jubilant Foodworks' key products/revenue segments include Beverages, Other Operating Revenue for the year ending 31-Mar-2024.

Sona BLW fell by up to 3% on the BSE on March 4, after U.S. President Donald Trump said on Monday, «there is no room left for Mexico or Canada,» confirming that a 25% tariff on imports will take effect from Tuesday. The shares of Sona BLW Precision Forgings fell by 2.7% to a low of Rs 472.80 in early trade, while Samvardhana Motherson International shares slipped 2.4% to their day's low of Rs 116.55.

Income Tax Department has recently released a new brochure highlighting how clubbing of income provisions is applicable for individual taxpayers. Clubbing of income refers to the situation in which your wife’s or child’s or other person’s income is included in your total income and accordingly taxed. Under the Income Tax Act, 1961 income will be clubbed in the hands of either the husband or wife whose total income is higher. Ramakrishnan Srinivasan, former chief commissioner of Income Tax Department says: "«Many taxpayers are not aware of the clubbing provisions of Income Tax Act, 1961 and accordingly land up getting slapped with huge tax demand for arranging their financial affairs with their relatives. One such case which I remember was about a taxpayer who gave cash gift to his spouse and she invested it in fixed deposit in her name and offered interest income in her income tax return. The tax department applied the clubbing provisions and taxed the interest income in the hands of the husband. Similarly in another case, a salaried employee opened a fixed deposit (FD) in the name of his minor daughter out of his savings and did not offer the interest income in his hands thinking that interest is getting accumulated in his daughter’s account without realizing the clubbing provisions of Income Tax Act, 1961. The tax department brought the said income to tax in the hands of the employee and also levied stiff penalty on the ground under reporting of income which amounts to misreporting.»

BEIJING — China «firmly rejects» additional U.S. tariffs on Chinese goods and will take countermeasures, the Ministry of Commerce said in a statement Tuesday.

Citigroup Inc. almost shifted about $6 billion to a customer’s account by accident after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure. The near-miss in Citigroup’s wealth-management business magnified the intended amount by more than a thousand times and was detected on the next business day, according to people familiar with the matter. It happened in April, the same month that another part of the bank accidentally credited $81 trillion to a different client. The wealth division’s error was reported to regulators and, within Citigroup’s offices, provoked audible frustration from Andy Sieg, who had arrived just months earlier to run the unit, according to the people, who asked not to be named discussing private information.

Axis Securities has a buy call on Hero MotoCorp with a target price of Rs 5,285. The current market price of Hero MotoCorp is Rs 3,690. Hero, incorporated in 1984, is a Large Cap company with a market cap of Rs 73499.83 crore, operating in the Auto sector. Hero MotoCorp's key products/revenue segments include Motorised Two Wheelers Upto 350cc Engine Capacity, Spares (Two Wheelers), Sale of services, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2024.

Titan shares will be in focus on Tuesday after global brokerage firm Macquarie lowered its target price on the stock to Rs 4,000 from Rs 4,150 while maintaining an 'Outperform' rating. Macquarie continues to view Titan as the preferred pick in the consumer space. The brokerage expects rising gold lease costs for smaller players to strengthen Titan’s competitiveness, while concerns over lab-grown diamonds are seen as immaterial. It has also cut FY25-27 EPS estimates by 3-4% due to higher lease costs, partly attributed to Trump’s tariff, and the near-term impact of rising gold prices on jewelry demand.

A power outage at Baltimore-Washington International Airport is causing significant flight delays and other interruptions to air travel

Subscribe to enjoy similar stories. Zoho Corp plans to make two artificial intelligence-based internal foundational models public by the end of the year, group chief executive officer Shailesh Davey said in an interview with Mint. The cloud software startup is also working on foundational models to support Indian languages, though it does not have a timeline on when they will be launched, Davey said.

Subscribe to enjoy similar stories. The National Financial Reporting Authority (NFRA) has moved the Supreme Court seeking affirmation that its internal structure complies with the law after a Delhi High Court order last month quashed notices sent to auditors of two IL&FS group entities—Deloitte Haskins & Sells LLP and SRBC & Co.

Subscribe to enjoy similar stories. Better growth for the Big Five of India's IT industry in the next financial year has come under doubt, with some of the largest banks, the biggest customers of homegrown IT firms, putting large tech spending projects on hold. The reason: Uncertainty over inflation rates and whether America’s recent tariffs on goods from China and Mexico could start a new round of trade war.

Subscribe to enjoy similar stories. Clouds over vast swathes of North India have caused abrupt dips in solar power production, raising worries about the stability of the power grid that serves millions of Indians. The national grid operator asked all electricity companies in February to be on alert mode and supply power to preserve the grid's stability, two people aware of the matter said.

double pneumonia, and since then his health has not improved steadily but has instead shown more and more complications over time. According to a recent statement by the Vatican, Pope Francis was affected by two episodes of acute respiratory failure recently, says an India Today report.

Indian National Congress worker, 22-year-old Himani Narwal’s body was found dumped near Rohtak-Delhi highway in Sampla on March 1. The 22-year-old woman was killed, and her body was stuffed in a suitcase. The police authorities have recovered the suitcase on a bus stop of the busy highway. The case is currently being investigated, and one arrest has been made so far. The accused in the custody is 30-year-old Sachin alias Dhillu.

Donald Trump's new Presidential tenure is bringing in a lot more surprises than what was in store, and latest reports say that he is now planning on dumping the anti-money laundering law altogether, which requires shell companies to disclose their owners and beneficiaries.

Hate crimes reported in big cities across the United States dipped slightly in 2024, unlike previous election years, when such incidents typically are expected to rise. The Crime and Justice Research Alliance reported at least 3,268 hate crimes in 42 major cities, a 2.7 percent decrease from a record high in 2023. Nonetheless, anti-Semitic and anti-Muslim hate crimes have grown despite a general reduction. This surge has been largely linked to the Israel-Hamas conflict.