Reports Financial News

Morgan Stanley chief US economist Ellen Zentner is leaving her post to lead a newly created team within the bank’s wealth management business.

Labradors, and German Shepherds, which can smell human remains and even the faintest of breath buried deep under mud, are on their way to the landslide-ravaged Meppadi in Wayanad.

Tesla is recalling more than 1.8 million vehicles because of a hood issue that could increase the risk of a crash

Congress urged Lok Sabha Speaker Om Birla on Tuesday not to regard an interaction of farmer leaders with the media after they met Leader of Opposition Rahul Gandhi in the Parliament complex last week as a violation of decorum, and cited past instances of women filmstars and others interacting with reporters after the women's reservation bill was tabled in the House. In a letter to Birla, Congress general secretary, organisation, K C Venugopal said when Gandhi was speaking during a discussion on the Union Budget 2024-25 on July 29, he was told that the decorum of the institution of Parliament was violated when the farmers who had come to meet him spoke to the media.

The U.S. Geological Survey says a series of earthquakes have been hitting West Texas and it’s highly likely they are being caused by oil and gas activity

U.S. stock indexes drifted to a mixed close ahead of a week full of earnings reports from Wall Street’s most influential companies and a Federal Reserve meeting on interest rates

The campaign of Republican gubernatorial candidate Mark Robinson is speaking against a state agency's report about a nonprofit owned by his wife

U.K.-based oil giant BP PLC said it will reward shareholders to the tune of $7 billion this year through the purchase of its own stock, even as it reported a near 30% decline in profits in the first half of 2024

Air New Zealand has scrapped its 2030 carbon emissions reduction targets, citing lags in producing new planes, a lack of alternative fuel and “challenging” regulatory and policy settings

Lata Jain is set to receive a plot of land worth Rs 7 crore, despite having originally paid only Rs 50,000 in 1988, reported TOI.

Piper Sandler chief global strategist Nancy Lazar unpacks the state of hardworking Americans under record inflation on Making Money.

Which industry grows regardless of external factors and serves as the primary growth driver – directly or indirectly – for all other industries? The answer, of course, is the power transmission and generation industry. With the government setting ambitious targets to meet the increasing demand for electricity and support the country’s economic growth, this sector stands at a crossroads. India's power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.

Is Generative AI worth the money? Tech leaders like Microsoft chief technology officer Kevin Scott says costs will come down and capabilities improve, but as Wall Street heads toward correction territory— Nvidia and Microsoft, two stocks that have ridden the AI wave, are down more than 15% and 8% respectively since 10 July—enterprises are grappling with a deeper problem: How do they put AI to use and measure the return on that investment? Confusion over the answer has led to discomfort, sparked by bearish reports from Goldman Sachs and Sequoia Capital questioning whether GenAI will make as much money as the market seems to think. AI capital expenditure will reach between $600 billion and $1 trillion in the coming years, the reports estimate, and spending on infotech will rise 8% this year, according to Gartner. If investors are taking a breather, that’s good.

Cholamandalam Investment & Finance Company Ltd. rose 0.24 per cent to Rs 1435.45 in Tuesday's trade. It hit an intraday high of Rs 1445.5 and low of Rs 1394.95, respectively, during the day. The stock quoted a 52-week high price of Rs 1476.9 and low of Rs 997.4.

India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level “such that the central government debt will be on a declining path as a percentage of GDP." What does this mean? India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP).

Vedanta Ltd. traded 1.48 per cent up at Rs 441.8 at around 01:04PM (IST) on Tuesday. The stock had closed at Rs 448.45 in the previous session. Equity benchmark Sensex traded 304.29 points higher at 81660.13 around the same time.

IndiGo and SpiceJet have canceled a dozen flights scheduled around noon, marking potentially the first instance of flight cancellations owing to high temperatures.

India's real estate market witnessed a surge in investments during Q2 2024, attracting USD 2.77 billion, according to Cushman & Wakefield's report.

₹288.65 on BSE as compared to its last closing price. The New India Assurance Company has been trading in the price range of 297.65 & 278.55.