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MUMBAI: Currency with the public has dropped by Rs 1.56 lakh crore to nearly Rs 32.2 lakh crore as on July 28 from Rs 33.7 lakh crore on May 19. The decline has been due to RBI’s move to withdraw Rs 2,000 notes — with most now deposited in banks. Consequently, banks have added Rs 9.7 lakh crore to their deposit base, which now stands at Rs 190.2 lakh crore, marking an increase of 5.4% during the current fiscal up to July 28. This is nearly double the deposit accretion of R

Gen Z is 'snackifying' breakfast, by «either replacing the meal with a snack or having it as an accompaniment,» a ToI report said on August 16. It's not that Gen Z does not have the intent to eat healthy, research by market intelligence agency Mintel reveals. It's just that there exists a gap between the intent and the actual action, which makes Gen Zers binge on snacks.

Godrej Consumer Products Ltd. traded 1.62 per cent up in Wednesday's trade at 11:47AM (IST). Around 33,719 shares changed hands on the counter.

Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in China by as much as 6.9%, it said on Wednesday. A post from the carmaker on social media platform Weibo showed the price of the Model S cut 6.7% to 754,900 yuan ($103,477.58) from 808,900 yuan earlier.

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

Reuters. Notably, this was Pyongyang's first public acknowledgment of Travis King's crossing from South Korea on July 18. He dashed into the North while on a civilian tour of the Joint Security Area (JSA), the heavily fortified border between the two Koreas.

National Highway has been blocked in several areas of the Chamoli district. According to Chamoli Police, the highway was blocked at Pipalkoti, Gadora, Navodaya Vidyalaya Pipalkoti, Gulabkoti, Pagalnala and Vishnuprayag areas of the Chamoli district, officials said as reported by ANI.

Almost a week after the Apple faithful collectively gasped at the first evidence that the iPhone's “end call” button might soon be shifting upward and a column to the right, it looks like the whole thing might have been a false alarm

LTIMindtree Ltd. traded 1.72 per cent up at Rs 5194.25 at 10:51AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 65.2 points to 65336.72. The stock had settled at Rs 5106.4 in the previous session.

Sydney | Months after calling off his fifth wedding, Rupert Murdoch has struck up a new romance with a Russian woman while holidaying on a yacht off the coast in Europe.

A jump in socialising at Endeavour Group’s pubs helped the company post a 2.5 per cent rise in sales to $11.9 billion last year, as a strong hotels unit underpinned higher profit at the group.

GAIL (India) Ltd. traded 2.51 per cent down at Rs 112.85 at 10:46AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 38.67 points to 65363.25. The scrip had settled at Rs 115.75 in the previous session.

Chakri Lokapriya, CIO & MD, TCG AMC, says “as we are going into the most important Diwali and post Diwali season, there will be a bunch of big releases and valuations are still okay. Their F&B has actually come down and that is not such good news on the margins. Therefore, the stock will trade on slightly lower margins.”Do you actually see the tide turning for PVR Inox? It was a pretty stellar weekend. And there have been impressive releases as well. Does this change the stance on the stock that has otherwise been through the grind, to put it mildly?In the last couple of months, there have been some very big blockbuster movies both English and as well as domestic names, which have done well.

Darren Kent, well-known for his memorable performance in the epic television series 'Game of Thrones', passed away at 39 last week on Friday (August 11). Kent's talent agency, Carey Dodd Associates, confirmed the news on X (formerly known as Twitter). The heartfelt statement read, «It is with deep sadness we have to tell you that our dear friend and client Darren Kent passed away peacefully on Friday.

Feroze Azeez, Deputy CEO, Anand Rathi Financial Service, says, “there should be no real estate investment. Debt could be 10%, 20%, 30% and 60%, 70% equity. India will do very well for the next 10 years.

Gautam Adani can’t afford a costly distraction. While his core infrastructure business is booming, there’s little reprieve from the governance issues that have dogged the Adani Group since New York-based Hindenburg Research’s allegations of stock-price manipulation and undisclosed related-party transactions earlier this year. Despite its strenuous denial of the short-seller’s report, the conglomerate’s market value has sagged more than $100 billion since January.

Tata Consultancy Services’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing sideways momentum.

arbitrage funds, pouring in as much as Rs 10,074 crore in July, with cumulative flows rising to Rs 23,800 crore this financial year. The inflows reflect high returns and better taxation treatment these funds offer compared to debt plans.What is an arbitrage fund? How does it generate returns?An arbitrage fund seeks to generate returns on the price differential in the cash and futures market. In such a scheme, the fund manager simultaneously buys a company in the cash market and sells an equivalent quantity in the futures segment as long as the futures trade at a reasonable premium. The spread between the two generates the return for the scheme. The fund does not take any naked exposure to any individual security or an index as each buy transaction in the cash market has a corresponding sell transaction in the futures market. While 65% of the corpus is allocated to arbitrage products, the fund manager is free to choose the balance of 35% between arbitrage or debt products, depending on his view on the market.Why is it gaining popularity with investors?High returns compared with savings accounts and better taxation are driving investors to arbitrage funds. Rich investors also prefer these funds as they are treated as equity funds for taxation, which significantly increases post-tax returns. Investors holding for less than a year pay 15% capital gains tax, while if they sell after a year they pay only 10% long-term capital gains tax for gains above Rs 1 lakh. Compared to this in a debt fund, rich investors have to pay short-term capital gains tax at 30%.

Deepak Shenoy, Founder, Capital Mind, says “we thought it would be a washout year for most of pharma. But this quarter seems to be more interesting from the earnings perspective and from a commentary perspective. I do not have much more specifics.

Made in Heaven 2, directed by Neeraj Ghaywan, has thrust the spotlight onto the delicate subject of casteism. In the episode, Radhika Apte portrays Pallavi Menke, a courageous Dalit author, unapologetically advocating for her community. Now, journalist and author Yashica Dutt, known for her insightful book "Coming Out as Dalit", has taken to Instagram to express her take on the episode.

reality game show, Kaun Banega Crorepati (KBC). Reflecting on the show, Amitabh mentioned that it has become a fundamental aspect of his life.He further expressed that the show provides him with an opportunity to engage with the viewers, and he's eagerly anticipating the upcoming season. Amitabh serves as the host of the program.