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May’s inflation rate came in surprisingly high, leading some economists to cast doubt on their predictions of a second interest rate cut next month.

Quant’s offices in Mumbai and Hyderabad on 21 June for a search and seizure operation triggered by suspicion of front-running by Quant’s employees. “Look around you. Do you see any disruption? We are all carrying on our usual work," said Tandon when this reporter visited the Quant MF office in Mumbai.

A new survey by Blackstone’s Private Wealth Solutions group offers a meaningful glimpse into how financial advisors are allocating client assets to private markets.

Ramsey Solutions personality Jade Warshaw breaks down how to get the most out of your Social Security check and more on The Bottom Line.

ICICI Bank hit a 52-week high on Tuesday, making it the sixth Indian company to cross $100 billion market capitalisation. The stock scaled a high of Rs 1,207 before closing the day 2.5% higher at Rs 1,199. Only HDFC Bank, with a market capitalization of just over $162 billion, is above ICICI Bank in terms of m-cap rankings among the lenders.

special TADA court here on Tuesday rejected gangster Abu Salem's plea opposing his planned transfer from the Taloja prison in Navi Mumbai. Salem is undergoing life sentence at the Taloja prison in the 1993 Mumbai serial blasts case. The decision to shift him was a «conspiracy to kill him» as he was likely to be released in a few months, Salem's application claimed. The current prison was safe for him and he could be attacked by members of the rival gangs in other jails in Maharashtra, it said. The jail administration told the court it wanted to relocate Salem as his current cell needed reconstruction, and there was no other safe cell for him in Taloja. Special judge for cases under the Terrorist and Disruptive Activities (Prevention) Act B D Shelke, after hearing both the sides, rejected Salem's plea. The court, however, asked the inspector general (prisons), Pune, to issue appropriate directions to the Taloja jail superintendent to ensure the gangster's safety while shifting him to the central prison in Nashik, as planned. A direction should also be issued to the Nashik prison to ensure the safety and security of the convict, the judge said.

WASHINGTON: U.S. consumer confidence eased slightly in June amid worries about the economic outlook, but households were upbeat about the labor market and their inflation expectations over the next year improved a bit, a survey showed on Tuesday. The Conference Board said that its consumer confidence index eased to 100.4 this month from a downwardly revised 101.3 in May. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 102.0.

Mumbai: Just like the post-pandemic recovery, the Indian inflation story is also 'K-shaped' and is hurting certain sections more than others, a foreign brokerage said on Tuesday. Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May, mainly due to higher food inflation. «The same developments, driving a K-shaped recovery, seem to be driving K-shaped inflation dynamics,» they said in a report. The report by its chief economist Pranjul Bhandari cited the ongoing heat waves, pointing out that higher food and lower core inflation are coexisting because of crop damage and livestock mortality pushing up the former.

South China Morning Post (SCMP) reported that this unusual incident happened on May 17. The thief managed to get into the office, stealing a watch and a laptop. Before leaving, he wrote a note for the owner, advising them to upgrade their security system, according to Shanghai police. The police identified the thief as Sang. He climbed the building's wall to get in and stole a watch and an Apple MacBook. While inside, he gathered mobile phones and laptops, piled them on a desk, wrote a note, and left it under the pile of devices. «Dear boss, I took a wristwatch and a laptop. You should improve your anti-theft system. I didn't take all the phones and laptops, fearing it might hurt your business,» Sang wrote. At the end of the note, he added, «Contact me if you want your laptop and phone back,» and left his number.

In its Investment Management Fees: Fairness Revisited report, investment consultancy bfinance stated sectors such as hedge funds and private markets have kept their hurdle fees «static» despite higher «risk-free» rates. A hurdle rate is the minimum profit or returns a hedge fund must earn before charging a fee. More specifically, in sectors where expected returns have increased as a direct result of higher interest rates, including hedge funds and private debt, the lack of change in hurdle rates has resulted in «greater overall fee leakage» and a higher percentage of overall return going...

₹27,200) followed by tur dal ( ₹12,100). The median value of loss for paddy during the kharif cycle was ₹8,400 during the last incidence of crop loss owing to extreme weather events, while the same for rabi wheat was ₹9,200, the survey report said. Paddy and wheat are sown by a majority of marginal farmers.

CNG systems during manufacturing, Honda will reportedly provide these kits through its dealerships as aftermarket add-ons. This approach allows flexibility for customers to retrofit CNG capabilities onto both manual and CVT transmission versions of the aforementioned models.Reportedly, the CNG conversion is likely to be priced between ₹75,000 to ₹85,000 inclusive of installation, and will include a one-year warranty from Honda dealerships, ensuring peace of mind for buyers.

bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious. The stock price closed lower at Rs 203.70 on BSE Tuesday, about 16% fall from Rs 242 seen on the first trading day of the year. «While the market may fear that there could be more skeletons in the closet — in terms of further increase in the stress pool — we believe this (appointment of additional director) is more of a prudent measure exercised by the RBI,» said Suresh Ganapathy, managing director and head of financial services Research at Macquarie Capital.

Amitabh Bachchan has purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb Andheri for nearly Rs 60 crore. The actor already owns four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area in the same commercial tower. ET had reported in September that these offices spanning an entire floor were bought and leased to music entertainment company Warner Music India through a long-term agreement for a total tenure of five years. The new office space spread over 8,429 sq ft carpet area is on the 27th, 28th, and 29th floor of the ready to move commercial tower. As part of the deal, the buyer will also get exclusive access to three car parking slots in the building.

Millions of working Americans remain challenged by the cost of living in 2024, with many concerned about the long term impact on their finances.

Income Tax Filing: As the deadline of July 31 for filing Income Tax Returns (ITR) approaches, taxpayers who have engaged in transactions involving shares, mutual funds, jewellery, real estate, and derivatives trading must ensure accurate reporting of their capital gains and losses. The correct disclosure of these transactions is essential for maintaining financial compliance and avoiding penalties.

Statistics Canada is set to publish its May consumer price index report Tuesday morning.

Bitcoin mining firm Hut 8 said it will receive $150 million through convertible notes from Coatue Management, with plans to use the funding to build an artificial intelligence infrastructure platform.

MUMBAI : A crucial and much-awaited trigger for battery maker Amara Raja Energy & Mobility Ltd has played out—a technology tie-up for lithium-ion. Its subsidiary Amara Raja Advanced Cell Technologies entered into a technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High Tech Co. The partnership will help the battery maker get access to GIB’s LFP technology for lithium-ion cell manufacturing.

New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows.

Netflix's initiative is targeting regions where free, ad-supported television networks are already prevalent. Insiders suggest this plan is designed to attract more viewers and bolster Netflix's competitive position against regional free TV offerings.For advertisers, the introduction of a free plan is expected to lead to a substantial increase in viewership and, consequently, higher ad revenue for Netflix.