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US recession is very slowly becoming a distant possibility, looking at the latest economic data, that is slowly pointing towards a downward trend in US stocks. US recession fears have begun mounting steadily over the course of time, since early August, and the July jobs data somehow became a triggering factor after the employment rate began growing steadily. Even though the US stock markets was able to recover from previous dips related to the employment data, but there are major issues still persisting in the markets, which are working against the economy, and have chances to bring in recession into the United States.

ministry of road transport and highways has constituted an expert panel to technically review all long tunnel projects before the proposal is submitted for approval, the move aimed at avoiding a repeat of Silkyara tunnel like mishap. The notification, dated September 6, will apply to all tunnels with length more than 1.5 km. The enhanced scrutiny related provisions are being put in place as the ministry plans to build 74 new tunnels stretching 273 km at a cost of Rs 1 lakh crore over the next few years under its mega plan to strengthen India's highway network. As per the notification, the ministry has set up an advisory panel comprising experts from Oil and Natural Gas Corporation (ONGC), Rail Vikas Nigam Limited (RVNL) and THIDCL for tendering expert advice during the appraisal of long tunnel projects.

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capital on Friday, according to the All India Sarafa Association. In the previous session, the precious metal of 99.9 per cent purity had ended at Rs 74,100 per 10 gram. The silver metal had ended higher at Rs 84,600 per kilogram in the previous session on Thursday.

You can be forgiven if you missed the latest development in the ongoing saga of the new trust reporting rules, especially If you’ve been away over the summer.

Delhi government has proposed a compensation of Rs 7.5 lakh for the families of prisoners who die due to unnatural causes while in custody in the city's jails. According to a statement, the proposal, aimed at addressing grievances and upholding human rights within the prison system, has been submitted to the lieutenant governor for approval. «Unnatural custodial deaths, as defined by the policy, may occur due to incidents such as quarrels between inmates, mistreatment or torture by prison staff, or negligence by medical officers,» the statement said. However, the compensation will not apply in cases of death by suicide, escape attempts, natural causes or disasters.

Citing sources, ET Now reported that only a small number of FPIs will likely be impacted by SEBI's September 9 deadline on UBO norms. The report stated that non-compliant FPIs can continue beyond September 9 by paying a 5% penalty.

Bitcoin (BTC) lost ground in early trading on Friday after closing more than 3% lower yesterday as investors braced for the highly anticipated August jobs report due this morning, a key piece in the puzzle for gauging the timing and size of widely expected interest rate cuts by the Federal Reserve later this month.

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: Wrestlers Bajrang Punia and Vinesh Phogat join the Congress in the presence of party general secretary KC Venugopal, party leader Pawan Khera, Haryana Congress chief Udai Bhan and AICC in-charge of Haryana, Deepak Babaria.Earlier, media reports had stated that Phogat is likely to contest from Julana seat, while Bajrang Punia is likely to contest from the Badli seat as Congress candidates. Badli is a Congress seat while Julana is currently held by Jannayak Janta Party's Amarjeet Dhanda.Live updates: Haryana BJP leader Anil Vij took a dig at Vinesh Phogat over joining Congress, saying what objection could they have if she wanted to become "Congress ki beti" from "desh ki beti"."...

sale of its corporate office, One Earth Property, may strengthen Suzlon Energy's core, domestic brokerage firm ICICI Securities raised its target price to Rs 80 from the earlier Rs 70, while retaining its 'add' rating Suzlon Energy has entered into an agreement to sell and lease back its prime real estate in Pune over the next 5 years at Rs 440 crore.

Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note. The index plunged 293 points ahead of a key US jobs report, which could influence the Federal Reserve's decisions on the pace and magnitude of interest rate cuts. A long bear candle was formed on the daily chart, indicating a sharp downside reversal for the market. The cluster support of 25,000 has been broken decisively on the downside. This chart confirms a short-term top reversal pattern at 25,333 levels, said Nagaraj Shetti of HDFC Securities.

Handheld gaming systems are the best way to carry your games with youDespite this difference in specifications, both consoles are capable of 4K gaming at 120 fps. But in summary, Xbox Series X edges out in terms of raw power and could be a better choice for long gaming sessions.Check out these gaming consoles on AmazonXbox Series X offers a very simple cooling system that includes a large centrally placed vapour chamber.

Mercedes-Benz India, the nation's leading luxury carmaker, argues that any tax relaxation on petrol-battery hybrids could cause industry distortion and hinder the adoption of zero-emission electric vehicles, ToI reported. Mercedes contends that lower tax rates for electric vehicles (EVs) are essential to maintain their affordability compared to petrol, diesel, and hybrid vehicles. «Today, consumers are not ready to pay a premium for a sustainable mobility solution. They want the prices (of EVs) to be the same or even cheaper if possible (and) in that context, I think a continuation of difference in taxation will help in better adoption, or faster adoption, of EVs,» said Santosh Iyer, MD and CEO of Mercedes India. Currently, the Goods and Services Tax (GST) on electric vehicles is 5%, whereas larger hybrids face a 43% tax and regular petrol cars are taxed at 48%. «So, technically the govt has a three-tier approach, and the request is to just continue the approach so that it is beneficial in the long run,» Iyer added.

₹71,319 per 10 grams on the MCX so far in 2024. The implications of rising gold prices on Titan Co Ltd are worth evaluating as the jewellery business is the company’s mainstay, contributing 88% of FY24 revenues. ICICI Securities has analysed the data for the past 10-15 years and has found that a secular rise in the price of gold brings more tailwinds (1% rise in gold price leads to 2% increase in earnings before interest and tax, or Ebit) than headwinds.

Food inflation, which has moderated a bit lately is further expected to come down in the coming months, Union Bank of India noted in a report, citing progressing Southwest monsoon and sufficient water in reservoirs across regions. A rise in reservoir levels, coupled with improved sowing of kharif crops are expected to keep the supply-side concerns at bay for some time. However, the report cautioned that any negative surprise may trigger it upwards. «With at least one more month to be covered by the monsoon, any negative surprise on the monsoon front whether deficit of rain or flooding will again trigger the food price inflation on the upper side,» said the report

will help investors gauge the extent of a rate cut at the Federal Reserve's meeting this month. The rupee settled at 83.9475 to the U.S. dollar, up from 83.9825 in the previous session. For the week, the rupee fell 0.1%.

Giriraj Singh on Friday expressed confidence that the niche carbon fibre — which is used in aerospace, civil engineering and defence as an alternative to metal — will be produced by India in 2025-26. Currently, India does not produce any carbon fibre and relies completely on imports from countries such as the US, France, Japan and Germany. The European Union's proposed Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, is expected to kick in from 2026. «The coming days belong to Technical textiles in every sector… I am fully confident that in 2025-26 the niche carbon fibre product will also be with India,» Singh told reporters here.

net zero by the middle of the century and align itself with the Paris Agreement, according to BloombergNEF, a target that’s unlikely to be met due to the government’s push for the continued use of coal. The world’s third-biggest emitter needs $12.4 trillion in investment to reach net zero ahead of its official target of 2070, BNEF said in its New Energy Outlook for India published Thursday. That includes funding to accelerate clean energy deployment, large-scale adoption of electric vehicles, and scaling up new technologies like carbon capture and green hydrogen to decarbonize the coal-dependent economy. The report comes as India expands renewables but remains heavily reliant on coal to meet the power needs of the world’s largest population, prompting calls for it to be more ambitious in weaning itself off the dirtiest fossil fuel to support the Paris Agreement goal of keeping global warming below 2C (3.6F).

The government's collections follow close on the heels of incumbent Vice President Kamala Harris proposing to raise the capital gains tax rate for those earning $1 million or more to 28%, instead of the 39.6% rate proposed by President Joe Biden in his fiscal 2025 budget. Harris has, however, also talked of a pushing for a $50,000 tax deduction for new small businesses, 10 times the current tax break.

SBI Cards and Payment Services on Friday surged 6% to its day’s high of Rs 811.85 after the global brokerage firm Goldman Sachs upgraded the stock to a buy rating, raising its target price to Rs 913 from an earlier Rs 652. The upgrade from the global brokerage firm comes as it believes that the stock’s downcycle is nearing the bottom and the improving pre-provision operating profit (PPOP) outlook is likely to support the EPS visibility.