Reports Financial News

Amazon warehouse and delivery workers in India are enduring intense pressure and unsafe conditions while struggling to support themselves with insufficient pay, the UNI Global Union said on Wednesday. “Four out of five warehouse workers reported that the targets set by Amazon are difficult or very difficult to achieve and only 21.3% of warehouse workers and drivers believe the work environment at Amazon is safe,” it said in its report published in partnership with the Amazon India Workers Association (AIWA) and based on the survey responses of 1,838 participants or Amazon employees in India. Commissioned by UNI Global Union and conducted by Jarrow Insights over 50 days from February 2 to March 22, 2024, the survey used both on-site and digital methods to ensure a representative sample of Amazon’s workforce in India.

Nate Silver and sent shockwaves among the US residents with his latest statement that reigning President Joe Biden should step down from his Chair and hand over the Presidency to VP Kamala Harris just ahead of the US Presidential Elections in November. After Joe Biden's US Presidential Debate performance, where he was practically steamrolled by the opposition's Presidential candidate Donald Trump, Silver feels it is fitting that Biden discontinue his term and let Harris set affairs in order, according to a report by USA Today.

India has a glorious past. At one point in time it contributed more than 25% to the world’s GDP and controlled about 28% of global trade and commerce. Being an economic power for several centuries, India played a leadership role in all fields- whether it is art, culture, music, dance, food, festivals, architecture or handicrafts.

Jubilant Foodworks Ltd. traded 0.51 per cent up at Rs 570.4 at around 01:54PM (IST) on Friday. The stock had closed at Rs 567.5 in the previous session. Equity benchmark Sensex traded 324.13 points lower at 79725.54 around the same time.

Amazon Prime Video has canceled "Outer Range" after two seasons, media reports said. So, the show will not come up with Season 3. The series, starring Josh Brolin, premiered in 2022 with its second season released in May.

A suspected attack by Yemen’s Houthi rebels has targeted a Liberian-flagged tanker in the narrow Bab el-Mandeb Strait

Ukraine received a setback when Russian forces rained down its famous Iskander M ballistic missiles. These missiles destroyed two S-400 air defense systems of Ukraine. This happened in the Poltava region of Ukraine. The Russian Defense Ministry published footages of this incident. Russia is increasingly using these missiles and it is believed to be the fourth strike on Ukraine in a span of six days. It has also been reported that Ukraine has adopted a well-known war tactic of using decoys to engage with the Russians. The latter would be tricked into striking dummy models without sustaining any major damages.

US shares touched a fresh peak as economic data supported the case for Federal Reserve rate cuts. A gauge for equities in the region gained for a fifth straight session as Japan’s Topix hit a record intraday high and shares in South Korea and Australia advanced. The S&P rose 0.5% and the Nasdaq climbed 0.9% to both set new highs Wednesday in a shortened session ahead of a US holiday. Contracts for US equities were steady in early Asian trading.

Singapore investor Temasek expects India's growth to remain firm over the next two years, driven by infrastructure-led capital expenditure, and a recovery in private consumption.Temasek on Tuesday reported an SGD 7 billion rise in its Net Portfolio Value (NPV) to SGD 389 billion for the financial year ended March 31, 2024, mainly driven by gains to the US and India investments. India has continued to see strong economic momentum alongside improving macro and political stability, the company said in a statement.

Warner Bros. has officially announced the release date for "The Conjuring 4," marking the conclusion of the acclaimed horror franchise that began with the surprise hit «The Conjuring» in 2013. Directed by James Wan and starring Patrick Wilson and Vera Farmiga as paranormal investigators Ed and Lorraine Warren, the original film launched a successful series of sequels, spin-offs, and prequels that have collectively terrified audiences worldwide. Final Chapter Confirmed «The Conjuring 4» is slated to hit theaters on September 5, 2025, with an IMAX release planned, as confirmed by Warner Bros, as mentioned in a report by Movieweb. This installment, directed by Michael Chaves, who helmed «The Conjuring: The Devil Made Me Do It» and «The Nun II,» will see Wilson and Farmiga reprising their iconic roles as the Warrens. The film was initially titled «The Conjuring: The Last Rites» when announced in April 2023 at CinemaCon, though the latest update omits this subtitle.

Wall Street closed higher on Friday, with the S&P 500 and Dow Jones Industrial Average hitting intraday record highs, on bets that the U.S. Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results. Some of the market's most valuable companies bounced back after dipping in the previous session. Apple and Nvidia each climbed more than 1%.

Euro Cup 2024 as this time around, both teams' rivalry and intensity will simply be unmatched in this semifinal clash. Spain scored two goals against Germany and won, though their opponents gave them a real hard time after scoring an equalizer in the last leg of the game. However, France was not so lucky as to close the quarterfinals chapter within the 90 minutes and had to proceed to the penalties to ultimately claim victory of Portugal, a very dangerous team, owing to players like Cristiano Ronaldo and Pepe. France ensured that Ronaldo's journey at the Euros was officially over, as according to a previous ET report, the footballing icon will not play in further Euro championships.

TikTok star Taylor Price on why she started helping younger generations to manage their money and best tips for financial freedom.

IT companies will be in focus as bellwether TCS will report its first quarter earnings. «We expect the market to consolidate in the higher zone and any dip is a buying opportunity for long-term investors. Corporate earnings will start tomorrow with TCS first to announce numbers. Thus, the IT sector is expected to remain in focus,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Sanlu milk scandal? China was rocked by this scandal when about more than 300,000 children fell sick and at least six of them died after drinking powdered milk contaminated with high levels of the industrial chemical melamine. A similar incident has been reported in this country once again. State-run 'Beijing News' has reported that tankers used for carrying fuel allegedly carried food products, like cooking oil and syrup. Besides, these were not decontaminated before using his way. The Chinese government has launched a probe into the allegations.

The National Highway Traffic Safety Administration is warning drivers about “cheap, substandard replacement air bag inflators” that can fail to prevent serious injuries or death in a vehicle wreck

Texas, in an incident described as unprecedented by Fire Chief Jim Pigg. Located near Brownsville on a barrier island, South Padre Island experienced two separate shark bite incidents on the Fourth of July. After the bites, authorities located the shark and pushed it into deeper waters, as reported by Yahoo News. First Incident and Emergency Response The first 911 call came in at 11 a.m., reporting a severe shark bite to a person’s leg. This victim was transported to a local hospital for treatment. Alongside this individual, a second person sustained minor injuries but did not require emergency care. City spokesperson Nikki Soto confirmed these details.

Zomato’s ESOP costs are no longer a one-off after the approval of the new policy, domestic brokerage firm JM Financial reduced the company's target price to Rs 230 from an earlier Rs 250. The formulation of a new policy at Zomato suggests that ESOP costs should be treated as regular business expenses as they are likely to recur in the future. Hence, the domestic brokerage has adjusted its valuation methodology to capture the impact of ESOP costs better.

Two people are missing and another is dead after a tour company helicopter crashed off the Hawaiian island of Kauai

Oil prices edged higher on Thursday as crude stocks fell after U.S. refineries ramped up processing and as gasoline inventories eased, signalling stronger demand. Brent futures rose 35 cents, or 0.4% to $85.43 a barrel. U.S. West Texas Intermediate (WTI) crude rose 36 cents, or 0.5%, to $82.47 a barrel.

Pixel 9 series are gaining momentum. Recent leaks have shed light on the camera specifications of the Pixel 9 Pro, offering a preview of what might be unveiled.According to a Camera FV5 certification reported by 91Mobiles, the Pixel 9 Pro's main camera is expected to feature a 12.5MP sensor.