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The longer the cost of living remains elevated, the more typical Americans are having to cut back on their spending.

LONDON — British technology entrepreneur Mike Lynch was acquitted of fraud charges in June in a landmark trial over allegations made by Hewlett Packard that he had artificially inflated the value of his company when he sold it to the U.S. enterprise tech giant for $11.7 billion in 2011.

According to Morningstar's Asset Flows report, the surge in monthly inflows came on the back of strong interest in fixed income strategies, which attracted €42.6bn of net inflows in July, marking the strongest month since June 2019. Antje Schiffler, editor at Morningstar, noted that active fixed income strategies in particular attracted €32.7bn as a result of «robust interest in Asian local currency bonds», which accumulated €6.8bn. On the other hand, only €9.9bn flowed into fixed income passive funds. Meanwhile, equity funds enjoyed €10.1bn of net inflows in July, bolstered by passiv...

Hero MotoCorp has fallen to the second position behind Honda Motorcycle & Scooter India (HMSI) based on wholesale dispatch data. According to figures from the Society of Indian Automobile Manufacturers (Siam), Honda has surpassed Hero MotoCorp in the April-July period, with 18.53 lakh units compared to Hero's 18.31 lakh units. This represents a difference of approximately 21,653 units, which grows to over 1.3 lakh units when including exports. Both companies declined to comment when approached, a TOI report stated. In January 2011, Hero MotoCorp and Honda Motors (Japan) decided to split after 26 year of partnership.

NPAs) from both corporate as well as private sector and increased competition from the government backed National Asset Reconstruction Co Ltd (NARCL) will lead to fall in assets reconstruction companies' (ARCs) AUM this fiscal, a report by Crisil Ratings said. Assets under management (AUM) of ARCs, as measured by security receipts (SRs) outstanding, is expected to fall by 7% to 10% this fiscal as acquisitions will trend lower, while redemptions, which have strengthened in recent years, are likely to remain healthy. SRs are issued by ARCs while buying NPAs from banks and NBFCs. These are redeemed when the ARC manages to recover from the defaulter. CRISIL estimates private ARC AUM at Rs 1.2-1.25 lakh crore by the end of fiscal 2025, down from Rs 1.35 lakh crore the previous fiscal. ARC AUM has risen consistently from Rs 1.08 lakh crore in fiscal 2020 to Rs 1.35 lakh crore in March 2024, Crisil data shows.

Moody's Ratings on Tuesday said rated Indian companies will spend USD 45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country's most valued firm Reliance Industries alone accounting for 30 per cent of the spendings. Investments to increase vertical integration and achieve net zero targets will also keep spending high, Moody's Ratings said in a report on corporates in India and Indonesia. «Rated Indian companies' capex will remain elevated at around USD 45-50 billion annually over the next one to two years. With an annual capex budget of around USD 15 billion spread across its different business segments, Reliance Industries alone will account for around 30 per cent of the portfolio capex,» Moody's Ratings said. The oil and gas sector and Reliance Industries will collectively account for over 60 per cent of the rated Indian portfolio's spending over the next couple of years.

SC/ST reservations by the Supreme Court, the Reservation Bachao Sangharsh Samiti has called for a Bharat Bandh on August 21, 2024. There will likely be a large turnout for the bandh, which has the backing of Rajasthan's SC/ST groups. During the protest, law enforcement officials have been directed to take appropriate action to preserve order.

Vedanta Ltd. rose 0.61 per cent to Rs 445.25 in Tuesday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 24721.85, up 149.2 points. The scrip had closed at Rs 442.55 in the previous session. The stock quoted a 52-week low of Rs 207.85 and a high of Rs 506.85. The company quoted a market-cap of Rs 174012.27 crore on the BSE.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

iPhone 16 launch date revealed via new leaked poster. Expected date, time and all we know so farAccording to social media posts shared by the company, Vivo T3 Pro will come with a 3D curved AMOLED display with 120Hz refresh rate and a peak brightness of 4,500 nits.

iPhone 16 launch date revealed via new leaked poster. Expected date, time and all we know so farAccording to a report by Bloomberg, Apple's key partner Foxconn has started training thousands of its workers at a factory in Tamil Nadu to produce iPhone 16 Pro and iPhone 16 Pro Max variants.

According to the latest Pridham Report from ISS Market Intelligence (ISS MI), the US ETF giant led the way in mixed asset fund sales, and ranked second in terms of both gross and net retail sales. The firm's flagship £42bn multi-asset LifeStrategy fund range boosted its retail success, with the 80% equity option emerging as the top seller within its product line-up. Pridham Report: BlackRock retail sales dominance continues into first quarter The top five best-selling groups this quarter were all major passive investing players, with BlackRock holding the top spot, joined by Legal ...

The group, which has been active on the campus since 2012 raising student-related issues, criticised the order as “undemocratic” and vowed to fight it on all possible grounds. K S Ramadas, a dalit PhD scholar who was suspended for participating in a stir outside Parliament in Jan, was part of PSF. 'Undemocratic' Ramadas K S, a research scholar who was part of PSF, was suspended. Students associated with PSF called the order undemocratic and said it came minutes before it was to start the second phase of a signature campaign against the administration. Students said they would fight the ban on all possible grounds.

Harris' presidential campaign said on Monday (19 August) that she planned to stick by proposals put forward by outgoing president Joe Biden to bring the corporate tax rate up from 21% to 28%, in news first reported by NBC. She is expected to be announced as the official Democratic presidential nominee at the party's convention in Chicago this week. Her plans contrast to her presidential rival Donald Trump, who declared that if he was re-elected, he would cut rates to 15%. Amundi CIO Mortier: Markets have yet to price in the risk of a Trump-fuelled inflation rebound The former pr...

Crompton Greaves Consumer Electricals Ltd. fell 0.71 per cent to Rs 450.2 in Tuesday's trade as of 01:19PM (IST) even as the benchmark Nifty ruled at 24720.05, up 147.4 points. The scrip had closed at Rs 453.45 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 470.5. The company quoted a market-cap of Rs 28939.26 crore on the BSE.

Dhaka, Tax authorities in Bangladesh have decided to unfreeze the bank accounts of Bangladesh Nationalist Party Chairperson Khaleda Zia, 17 years after they were blocked. The National Board of Revenue (NBR) on Monday instructed banks to unfreeze the accounts of BNP Chairperson Zia, the Daily Star newspaper reported. In August 2007, the NBR's Central Intelligence Cell directed banks to freeze the accounts of the BNP Chairperson, who has been elected Bangladesh's prime minister twice since 1990. The decision was based on a recommendation of a panel formed during the then Army-backed caretaker government, said a senior official of the NBR.

shopping malls in the national capital received bomb threat mail on Tuesday, said Delhi police. According to the Delhi police, Chanakya Mall, Select CityWalk, Ambience Mall, DLF, Cine Polis, Pacific Mall, Primus Hospital and Unity group received threat mail stating, «The explosive will go off in few hours.» The mall authorities informed the Delhi police as soon as the mail came to notice, said Delhi police.

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. How fast it may cut rates after that, though, will be determined mainly by whether employers keep hiring. A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers. It's a platform that Powell and his predecessors have often used to signal changes in their thinking or approach.

Info Edge (India) Ltd. slipped 0.06 per cent to Rs 7385.6 in Tuesday's trade as of 01:24PM (IST). The stock hit a high price of Rs 7426.0 and low of Rs 7364.0 during the session. The return on equity (ROE) for the stock stood at 1.91 per cent. Traded volume on the counter stood at 01:24PM shares and turnover at Rs 0.89 crore around that time. The stock of Info Edge (India) Ltd. quoted a 52-week high price of Rs 7455.05 and 52-week low prices of Rs 3973.15, respectively.

European shares were subdued on Tuesday as investors refrained from placing massive bets ahead of key data from the euro zone, while energy stocks were the biggest laggards following a drop in global oil prices. The pan-European STOXX 600 index held its ground at 514.87 points, as of 0710 GMT, after touching a three-week high in the previous session.

₹305 crore from Larsen & Toubro. However, analysts are unsure about the optimism. The contract is to manufacture opto-electronic components for L&T’s close-in weapon system programme, a critical component of the Indian navy’s defence infrastructure.