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15.05 / 04:13
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Remarks on wealth redistribution justified, BJP to EC amid PM Modi's 'I don’t do Hindu-Muslim' clarification: Report
Prime Minister Narendra Modi’s statements about the Congress Party planning to redistribute the public's wealth to Muslims. Nadda has, instead, urged the poll panel to act against the Congress party for its alleged denigration of Hinduism – India’s foundational religion, a report in the Indian Express said.
15.05 / 04:03
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Sensex Today Live Updates : Sensex, Nifty green at open; Siemens up 7%, Cipla climbs 3%
₹108 crore. Total income for the quarter stood at ₹397 crore, and net interest income was 11% higher at ₹172 crore. The company's gross non-performing assets ratio fell to 4.1% at the end of the reporting cycle from 5.8% as of March 31, 2023.
15.05 / 04:03
Citi
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Mumbaikars, just show your inked finger to get a treat! Restaurants offer discounts to voters in Lok Sabha Elections
Also Read: Mumbai rainstorm: Who is Bhavesh Bhide owner of 'illegal' hoarding collapsed in Ghatkopar After casting their votes, voters can avail of discounts at different eateries in the metro city under schemes like “Pledge to Vote" and “Democracy discount" on May 20 and May 21. According to an Indian Express report, the “Pledge To Vote" campaign by the Hotel and Restaurant Association (Western India) has included several hotels and restaurants in Maharashtra. These eateries will offer a 10- 20 per cent discount to customers who cast their votes.
15.05 / 02:59
Reuters
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Dollar droops ahead of crucial CPI test; yen under pressure
dollar traded near a one-month low versus the euro on Wednesday amid lower Treasury yields as traders braced for a key U.S. inflation report later in the day that could dictate the path of Federal Reserve policy. The yen languished near a two-week low, as a still-gaping yield gap between local bonds and U.S. peers continued to encourage selling of the Japanese currency.
15.05 / 02:59
Provident
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Myanmar
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country
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Myanmar in talks with Russia to build deepsea port & oil refinery upsetting Chinese
Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.
15.05 / 02:59
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Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed U.S. producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's near-term policy path. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.38%, scaling a fresh 15-month high earlier in the session. Japan's Nikkei gained 0.58%.
15.05 / 02:59
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Rajasthan: 14 trapped at Kolihan copper mine in Jhunjhunu after lift collapse, rescue operation underway
Rajasthan's Jhunjhunu district. The incident took place at Hindustan Copper Limited's (HCL's) copper mine in the late hours of Tuesday and rescue operation is underway. Ambulances have been rushed to the spot and doctors have been asked to prepare for any situation.
15.05 / 02:59
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Nasdaq hits record close after Powell reassures investors, CPI in focus
Nasdaq scored a record closing high on Tuesday and the S&P 500 and the Dow also advanced as Federal Reserve Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report. U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.
15.05 / 01:53
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China's economy reveals pockets of softness. Here's what to watch ahead of Friday's data
BEIJING — As China's economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don't turn around, raising expectations for monetary policy easing.
15.05 / 01:35
Aware
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Did US take U-turn on exemptions related to India-Iran Chabahar port deal? Can sanctions be imposed? All you should know
will give a boost to regional connectivity and India's linkages with Afghanistan, Central Asia and Eurasia," the Ministry of External Affairs said on May 13. According to Iran's Ministry of Roads and Urban Development, the deal will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan.
15.05 / 01:13
15.05 / 00:27
ETF
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Bitwise CIO “Incredibly Bullish” On Bitcoin ETFs After Latest SEC Disclosures – Here’s Why
A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC.
14.05 / 23:23
14.05 / 23:23
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NOT
Fed's Powell says confidence that inflation will slow is 'not as high' as before
Wells Fargo CIO for Wealth & Investment Management Darrell Cronk says the April labor data was exactly what the Fed wanted to see on 'Making Money.'
14.05 / 22:55
COST
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Jeans with pee-stained sold out despite its high price; Here's is why
Jordanluca which is a high-end fashion brand has released a pair of such jeans as part of its Fall/Winter 2023-2024 collection. It is priced at over $800 and is normal, except a stain of pee that appears near the pelvic area. It appears as if the individual has wet that area, near the pelvic region. This has been reported by USA today. Further, it has been revealed that this design has been sold out. This has sparked a debate on TikTok and other social media platforms. Many users found the design to be appalling and questioned the psychology of those purchasing it. While other users supported the design calling it as aesthetic. However, this debate has not prevented the increased sales of the company which has already sold out its new design jeans. A pair of jeans has been priced at $814.
14.05 / 22:55
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Alcohol is injurious to health but a gel may reduce harmful effects, claim researchers
Alcohol is injurious to health, especially for those who are inclined towards frequent and excessive drinking. However, a protein gel has been developed by a group of researchers which is claimed to have neutralized the detrimental impact of alcohol even before it enters the bloodstream, New York Post reported citing a paper on SciTechDaily. Researchers at ETH Zurich have achieved a remarkable feat with the development of a gel that demonstrates promising potential in reducing blood alcohol levels in mice by up to 50 percent while concurrently safeguarding their bodies from alcohol-induced damage, New York Post reported.
14.05 / 22:55
Google
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Google will now protect you against fraud with new scam call detection feature for Android: Here's how
Google I/O 2024 developer conference held on Tuesday, Google introduced a groundbreaking feature aimed at safeguarding Android users against phone scams through artificial intelligence (AI). This new call monitoring functionality alerts users during calls if suspicious activity indicative of a scam is detected, prompting them to terminate the conversation.
14.05 / 21:37
markets
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tokenization
Diversity
reports
testing
Deutsche Bank Joins Singapore’s Project Guardian Asset Tokenization Project
Deutsche Bank, a German multinational investment bank, joined Singapore’s Monetary Authority of Singapore’s (MAS) Project Guardian on asset tokenization Tuesday in a press release.
14.05 / 20:41
security
Fishing
Bitcoin
Bitcoin Etf
reports
Top 10 US Pension Fund Invests $162 Million In Bitcoin ETFs
One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year.
14.05 / 19:37
UPS
Citi
pandemic
trends
Trade
reports
gatherings
Share of quick commerce in online FMCG sales rockets to 35% in FY24
consumer goods companies such as Hindustan Unilever (HUL), Dabur, Adani Wilmar and Parle Products have said the contribution of quick commerce to overall ecommerce sales rose as high as 35% in FY24, almost doubling in a year. Quick commerce drove overall ecommerce for these companies as well as the broader fast moving consumer goods (FMCG) industry, executives said. The contribution of quick commerce was 15-18% in FY23.
14.05 / 19:37
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BLOCK
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wellness
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Cipla promoters to sell up to 2.53% for Rs 2,637 crore
Hamied family that founded Cipla are set to offload shares via block deals, said people aware of the matter, eight months after promoter-stake-sale talks with Torrent Pharma collapsed. A stake of up to 2.53% will be sold for an estimated Rs 2,637 crore by MK Hamied’s wife Shirin and their daughters Samina and Rumana along with Okasa Pharma, another promoter group entity, they said. The deals are likely to happen as early as Wednesday, they said. The move, days after the company posted its best annual results, has triggered speculation that more such transactions could be in the offing. The collapse of the $7 billion sale last year after lengthy negotiations had reportedly led to divisions within the family, according to people with knowledge of the matter. The three persons cited above hold 4.24% of Cipla while Osaka Pharma owns a 0.02% stake. They are offering to sell up to 20.45 million shares at Rs 1,289.50-1,357.35 apiece, translating to a total deal value of about Rs 2,637 crore ($316 million). That’s a discount of 0-5% to Cipla's closing price of Rs 1,357.35 on the NSE on Tuesday. There will be a post-sale, 90-day lock-in period, said the people cited.
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