Rights Financial News

The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors.

Anurag Singh, Founder & Managing Partner, Ansid Capital, says fundamentals do not change like that. The unwinding of carry-trade has happened now. Hopefully, that is behind us. People will not again try and play smart on this, borrowing in yen and investing in US or global markets. What do you make of first the big global meltdown on Monday and the recovery thereafter? Anurag Singh: I will not pretend to act as if I saw this coming. I was also caught by surprise. I was traveling in the last couple of weeks and was not prepared for it. Well, all fingers point to the yen carry trade. Now, of course, everybody knows how that works and looks like that because it was a quick technical selloff.

A global market rout like the one on Monday is enough to make even the most Zen investors a little anxious about their money.

Reasons to buyReasons to avoidThe V-Guard Zenora RO+UF+MB Water Purifier offers advanced purification and installation. With RO+UF technology and a high recovery tank, this purifier ensures safe and healthy drinking water at home.Reasons to buyReasons to avoidAlso Read: Best alkaline water purifiers to buy in 2024: Enhance your health with these top 10 choicesThe V-Guard RO+UV+MB+Alkaline Charger Water Purifier offers UV purification and comprehensive installation.

Mint. Tata Steel will explore legal options regarding any dues that may arise if the Supreme Court rules that its judgment will be applicable retrospectively, while Hindustan Zinc (HZL) will also knock on the doors of the courts if any immoderate demands are raised. On 25 July, a nine-judge constitution bench of the Supreme Court upheld the rights of states to collect tax on mining activities and held that royalty paid to states on minerals does not qualify as tax.

Democratic presidential nominee Kamala Harris and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, campaigned for the first time together on Tuesday in Philadelphia, kicking off a multi-day tour of battleground states aimed at introducing Walz to the national stage. In his remarks to a raucous crowd of more than 10,000 at Temple University, Walz described his upbringing in a small Nebraska town, his 24 years serving in the Army National Guard and his prior career as a high school social studies teacher and football coach. «It was my students who encouraged me to run for office,» he said. «They saw in me what I was hoping to instill in them: a commitment of common good, a belief that one person can make a difference.»

Amazon Great Freedom Festival sale live now: Deals on electronics and appliances from top brands, up to 65% offLG 1.5 Ton 3 Star DUAL Inverter Split ACThe LG 1.5 Ton 3 Star DUAL Inverter Split AC is part of the Amazon Great Freedom Festival sale. This 2024 model features a copper compressor, AI convertible 6-in-1 cooling, and a 2-way swing for customizable comfort. Equipped with an HD filter and anti-virus protection, it ensures clean and healthy air.

In this article

Anthony Ammirati is right back into the headlines after landing a $250k salary job in an adult entertainment company, following his pole vault qualification round, where he missed out after his private parts touched the crossbar, and took him out of the competition.

The Starknet Foundation (SNF) is undergoing a major leadership transition. Diego Oliva, the Foundation’s first CEO since March 2023, will be stepping down after successfully establishing a robust team and structure.

Vedanta will save Rs 1,000 crore in interest costs each year after utilising the entire proceeds from its recent fund raising to repay debt, chief financial officer Ajay Goel said. In its earnings for the June quarter, the company has seen profit surge by more than 50%, while margins are at a seven-quarter high. «In the current fiscal, we will save around ₹750 crore in interest costs, and after that we will have the benefit of ₹1,000 each year,» Goel told ET. The natural resources major raised ₹8,500 crore through a qualified institutional placement-its first ever- ast month. The fundraising involved several prominent investors such as Abu Dhabi Investment Authority, Goldman Sachs AMC, Nippon Mutual Fund, SBI Mutual Fund, UTI Mutual Fund and ICICI Mutual Fund.

Water that was released from the Chilcotin River landslide in B.C.’s Central Interior is now reaching the Fraser River.

Donald Trump right to say that his political rival Kamala Harris was not a Black woman? This was not the first time that the daughter of a Jamaican father and an Indian mother had faced such a racial question. But a White Republican candidate must raise this question about the presumptive Democrat candidate just before the US Presidential Election 2024. However, the question of Black identity took a new twist when some Black male voters in Pennsylvania said that they didn’t consider the vice president to be Black before Trump's comments.

Canadian Imperial Bank of Commerce plans to hire more than 200 employees in data and artificial intelligence over the next year as it expands its use of generative AI.

₹5,000 crore on data centres over the next few years, Vittal said, which is similar to the capex it had outlined in 2021 for three years. Having postponed its call for a ₹15,000-crore rights issue due to strong cash reserves in the business, the Sunil Mittal-promoted carrier will look at paring expensive debt and distributing dividends to shareholders, as a mix to channel the future free cash flows. The telco paid ₹24,250 crore high-cost spectrum dues from the 2012 and 2015 auctions.

Last week, The Fraser Institute released its 2024 edition of its publication Taxes versus the Necessities of Life: The Canadian Consumer Tax Index, which tracks the total tax bill of the average Canadian family from 1961 to 2023. It’s a fascinating read to see how much the average Canadian pays in taxes — not just income tax, but other taxes like property taxes, GST, carbon taxes and indirect taxes, as well.

Kamala Harris picked Minnesota Gov. Tim Walz to be her running mate on Tuesday, according to three people familiar with the decision.In choosing Walz, she is turning to a Midwestern governor, military veteran and union supporter who helped enact an ambitious Democratic agenda for his state, including sweeping protections for abortion rights and generous aid to families.Harris hopes to shore up her campaign’s standing across the upper Midwest, a critical region in presidential politics that often serves as a buffer for Democrats seeking the White House.

«So, while there are technical factors like the yen carry trade or the lack of confidence in the AI theme with the returns not commensurate with the investments that are being made in AI, etc, those are probably technical issues related to the market which is triggering some foreign selling,» says Rajesh Bhatia, CIO, ITI MF. The one question that everybody wants to have an answer for is how much should one be having the confidence that it is the kind of uptick that we are seeing on Nifty 50 today, the kind of gains that we are seeing today, how much is that giving you the confidence that yes, we are over the global selloff or do you believe that in the near term there are some more risks that could be there in the room? Rajesh Bhatia: Well, look at it this way. Among the strongest markets in the world today has been the Indian market.

Indowind Energy on Tuesday announced the successful closure of its rights issue of 2.14 crore equity shares, raising Rs 48.30 crore from its shareholders. The issue attracted bids for 3,40,60,362 shares resulting in oversubscription by 1.59 times, according to a BSE filing. The rights issue was open for subscription from July 26, 2024, to August 5, 2024. The company fixed the price at Rs 22.50 per equity share (including a premium of Rs 12.50 per equity share).

₹2000. Don’t miss this chance to secure one of the best water purifiers from top water purifier brands at unbeatable prices during the Amazon Great Freedom Festival.Take advantage of the Amazon Great Freedom Festival sale to get the AQUA D PURE 4 in 1 Copper RO Water Purifier. Featuring 10-stage purification, UV, UF, TDS adjuster, and a 12-litre storage tank, it suits all water types.