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debt underwriting and a strong performance in its fixed-income trading business. Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.

The Russian Ministry of Finance is considering allowing qualified investors to trade digital currencies on licensed exchanges, such as the Moscow Exchange and St. Petersburg Exchange.

Sri Lanka will cut power prices by 22.5% from Tuesday, the utilities regulator said, as the Indian Ocean nation attempts to ease the cost of living for millions of people amid its worst financial crisis in decades. After the crisis shrank its economy 7.8% in 2022, Sri Lanka boosted power prices by 75% that September, and by another 66% the following February, to meet the terms of a $2.9-billion bailout from the International Monetary Fund (IMF). Industries would also see a cut of about 33% in power tariffs, the regulator added, with poorer users getting a reduction of about 2,000 rupees ($7) in their bills.

Tom Banks has been promoted to head of UK ETFs to help drive Invesco's ETF business. Until July this year, Banks was the firm's head of wealth and private banks, leading the distribution of Invesco's ETF and indexed strategies to the UK wealth and private bank sector. Joe Bello – previously head of UK asset manager ETF sales – has become head of ETF institutional and asset managers, with his role expanded to include pension and insurance clients, and he will report to Banks.  Invesco expands Summit range with fund of funds launch focused on retirement income Prior to joining Invesc...

RBI) recent analysis of employment data for the pandemic year 2020-21 has revealed significant increases in employment within agriculture and allied activities, construction, health, and social welfare. This report, which measures productivity across 27 sectors, has sparked debate due to the unexpected rise in employment during a year marked by severe economic downturns, resulting from COVID-19. According to RBI's report released last week, there was an 18.5 million increase in employment in agriculture and allied services, while the construction sector saw a 4.8 million rise. These figures align with the real gross value added (GVA) in agriculture, which grew by 4%, against an overall GVA contraction of 4.1%. On Saturday, Prime Minister Narendra Modi referred to the report, stating, «80 million new jobs were created during the last three-four years,» adding that this should silence those perpetuating false narratives about the lack of job creation.

HCL starts FY25 on a soft note; bumpy path ahead In the June quarter of FY25, a sharp year-on-year rise in employee costs and other expenses meant the Ebitda margin was flattish at 8.9%, erasing the gross margin gains. DMart said operating costs increased because of efforts to improve its service and build capabilities for the future. The company added six stores in the quarter, taking the total to 371.

Supreme Court on Monday agreed to consider listing a plea against a «scientific survey» of "Bhojshala", a medieval-era structure in Madhya Pradesh's Dhar district which both Hindus and Muslims claim as their own. A petition was filed in the top court by the Maulana Kamaluddin Welfare Society challenging the March 11 order of the Madhya Pradesh High Court for a «scientific survey» of the shrine to ascertain it belonged to which community. In its March 11 order, the high court order had directed the Archaeological Survey of India (ASI) to carry out a survey of the Bhojshala complex within six weeks. A bench of Justices Hrishikesh Roy and SVN Bhatti agreed to consider listing the matter after advocate Vishnu Shankar Jain, appearing for the Hindu petitioners, submitted that the ASI has already filed its report.

Imran Khan's Pakistan Tehreek-e-Insaf party for its alleged involvement in anti-state activities, it was announced on Monday. Information Minister Attaullah Tarar announced that the federal government has decided to ban the Pakistan Tehreek-e-Insaf (PTI), alleging that the former ruling party was involved in anti-state activities, The News International reported. Khan, 71, has been lodged at the Adiala Jail in Rawalpindi on account of multiple cases against him. Tarar said that clear evidence was available to impose restrictions on the Pakistan Tehreek-e-Insaf (PTI), and the government would initiate proceedings against the party.

mutual funds bought stocks worth Rs 282 billion in the Indian secondary market. Mutual funds always add or exit certain stocks in their portfolio to offer better returns. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in June, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research. The key additions by mutual funds were Indus Tower, HDFC Bank, Mphasis. Meanwhile, the MFs reduced their stake from ICICI Bank, Hindalco, and Bharat Electronics. The new entry in the largecap segment was Hindustan Zinc. Mutual funds made a complete exit from Adani Green. The top additions in the largecap space were HDFC Bank, Infosys, Reliance Industries, ICICI Lombard, and Dr Reddy Laboratories while the top reductions were Hindustan Aeronautics, Bharat Electronics, Tata Motors, State Bank of India, and Sun Pharma Industries.

Budget expectations: Finance Minister Nirmala SItharaman will present the full Union budget after nearly a week. She presented an interim budget in February. Equity investors are keenly watching the budget for its impact on different sectors and stocks as well as for larger policy goals that impact the market in the long term. While the Budget is likely to set the priorities for the third five-year term of the Narendra Modi government, it is also likely to present a roadmap for the period up to 2047, the hundredth anniversary of India's independence, In her interim budget speech, she said, «In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.» The budget is expected to lay emphasis on infrastructure, manufacturing, fiscal discipline, creation of jobs and social spending as well as economic reforms. Below are the sectors which are expected to be the main themes in the budget.

Bank of Maharashtra (BoM) reported a 46.6% increase in its net profit to Rs 1,293 crore for the June quarter. The Pune-based lender had earned a net profit of Rs 882 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 6,769 crore, up from Rs 5,417 crore a year ago, according to a regulatory filing.

Phillip Capital has maintained a sell view on IREDA, raising the target price to Rs 130 from Rs 110, noting that the recent stock rally, driven mainly by passive flows rather than fundamental reasons, has already priced in the best value. The domestic brokerage firm stated that they believe in continuing growth of the company as IREDA is likely to see strong loan growth at a CAGR of 25% over FY24-26 on rising demand for renewable energy in the country. However, the earnings growth is not expected to match the loan growth due to pressure on margins.

A victim of a phishing scam has received a significant portion of their stolen funds back ten months after falling victim to a $24 million heist.

New Delhi: Early Monday morning, a major fire erupted at a multi-story building situated in Mayur Vihar Phase 2, Delhi. The blaze primarily affected a uniform manufacturing shop and a nearby cafe located close to Neelam Mata Temple. The fire caused significant damage to both establishments, resulting in the destruction of internal belongings. Visuals from the scene depicted extensive damage to the property, with interiors ravaged by the flames.

Tube Investments of India Ltd. fell 1.7 per cent to Rs 4077.15 in Monday's trade as of 02:05PM (IST) even as the benchmark Nifty ruled at 24615.85, up 113.7 points. The scrip had closed at Rs 4148.05 in the previous session. The stock quoted a 52-week low of Rs 2729.1 and a high of Rs 4666.0. The company quoted a market-cap of Rs 78792.06 crore on the BSE.

Mint. “Besides the domestic market, we are also looking at exports to the Middle East, Asia, Africa, Europe and the U.S. These exports contributed to 14% of our revenues in FY24 from 4% a year earlier," Sany’s managing director Deepak Garg said.

Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter

Shannen Doherty, the Beverly Hills, 90210 star whose life and career were roiled by illness and tabloid stories, has died at 53.

China says its economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter

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Russia may finally be set to legalize Bitcoin (BTC) and altcoin mining after a State Duma committee approved a bill for a vote later this month.