Show Financial News

Britannia Industries, the FMCG major, will announce its Q1 results today. The company is expected to witness decent earnings growth on the back of healthy demand and moderating input cost inflation. The demand environment for the FMCG sector remained stable.

rupee hit the lowest in more than two months before closing at 82.72 against the dollar. “Rupee is likely to appreciate today as US dollar retreated from its 4 week high after fresh economic data from US showed that economy is feeling the heat of aggressive rate hike," ICICI Direct said.

Amazon on Thursday reported a quarterly profit that trounced market expectations, driven by strong sales helped by its annual Prime discount event. The tech giant said it made a profit of $6.7 billion in the recently ended quarter, eclipsing earnings forecasts. «It was another strong quarter of progress for Amazon,» the company's chief executive Andy Jassy said in an earnings release.

Lizzo said Thursday that she's «not the villain» that three of her former backup dancers falsely accuse her of being in a sexual harassment lawsuit. The civil lawsuit filed Tuesday in Los Angeles Superior Court claims Lizzo pressured the dancers to engage with nude performers at a club in Amsterdam and shamed one of them for her weight gain before firing her. «I am not here to be looked at as a victim, but I also know that I am not the villain that people and the media have portrayed me to be these last few days,» Lizzo said in a statement posted on social media. «I am very open with my sexuality and expressing myself but I cannot accept or allow people to use that openness to make me out to be something I am not.» Plaintiffs Arianna Davis, Crystal Williams and Noelle Rodriguez made numerous allegations including sexual, religious and racial harassment, disability discrimination, assault and false imprisonment. They accuse the Grammy winner and her production company of creating a hostile work environment. The legal complaint seeks unspecified damages from Melissa Viviane Jefferson, known professionally as Lizzo, her production company Big Grrrl Big Touring, Inc., and Shirlene Quigley, captain of the performer's dance team.

Gold prices looked set to post their worst week in six on Friday as investors braced for a closely watched U.S. jobs report after a string of solid economic data this week drove Treasury yields to nine-month highs. FUNDAMENTALS * Spot gold was up 0.1% at $1,936.15 per ounce by 0138 GMT, while U.S.

Viacom18 is looking to scale up its tentpole entertainment property Bigg Boss to reach 350-400 million audience on both TV and digital for the seventeenth season while aiming to generate Rs 350 crore of revenue. The media network is pitching Bigg Boss as the second most popular media property after the Indian Premier League. «Bigg Boss is the IPL of entertainment,» Viacom18 Head of Network Sales Mahesh Shetty told ET.

Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.46% higher after dropping 2.3% on Thursday.

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating.

Oil prices rose for a second day on Friday, set for their sixth week of gains, after Saudi Arabia and Russia, the world's second and third-largest crude producers, pledged to cut output through next month. Brent crude futures for October rose 30 cents, or 0.4%, to $85.44 a barrel by 0042 GMT, while U.S. West Texas Intermediate crude for September rose 36 cents, or 0.4%, to $81.90.

In its recent decision, the Delhi High Court on Thursday, said that scheduled maintenance cannot be considered as a reason to include flying of aircraft and restrained crisis-hit Go First airline to continue with maintenance flights. In its judgement the High Court said that the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to show any urgency or grave imminent threat to led the aircraft to fly maintenance flights without any prior notice.

reality headset - is yet to get into the hands of customers. Apple has seen its research and development spending go to $22.61 billion in the current fiscal year which is around $3.12 billion more than the last year combined.

Read More)Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition.On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore.“Adani will add around 30 million tonne per annum (mtpa) cement making capacity in two years, both via organic and brownfield acquisitions, for which $4-5 billion could be invested, which will be funded mostly through internal accruals," one of the two people cited above said on condition of anonymity. (Read More)Bharti Airtel released its financial results for the first quarter of fiscal year 2023-24 (Q1FY24) on August 3, showing a net profit of ₹1,612 crore.

jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. A separate report showed that the US services sector slowed in July. Investors will now focus on the jobs report for July that is due on Friday.

ChatGPT. In retail, Amazon has reorganized its fulfillment network and opened warehouses for same-day shipping closer to big metro areas, saving time and costs on delivery. Brian Olsavsky, Amazon's chief financial officer, said on a call with reporters that faster speeds have meant Prime loyalty customers are "shopping more often." For the second quarter, Amazon's revenue grew 11% to $134.4 billion, beating estimates of $131.5 billion from analysts polled by Refinitiv.

Bank of America has made two high-profile changes in its investment bank, building on a successful strategy of elevating Australian bankers into broader regional roles this year.

rupee weakened to a near-one-month low on Thursday as stronger-than-expected US economic data kept alive apprehension of more rate hikes by the Federal Reserve while a fall in domestic equities amid overseas outflows also exerted pressure on the local currency. The rupee settled at 82.73 per US dollar as against 82.59 per US dollar at previous close.

In a challenging economic climate, it’s never been more important for retailers to win over customers, develop innovative products and enter new markets. Technology is the variable that will elevate the winners in this epic battle.

Bitcoin, the world's largest cryptocurrency, experienced a minor dip of over 1% but managed to maintain its position above the critical $29,000 mark. 

The competition regulator has rejected ANZ’s $4.9 billion takeover of Suncorp’s bank.

jobless benefits increased slightly last week, while layoffs dropped to an 11-month low in July, labor department report showed. Jobs report for July is due on Friday. A separate report showed that the US services sector slowed in July.

technology companies. “We've been doing research across a wide range of AI technologies, including generative AI, for years. We're going to continue investing and innovating and responsibly advancing our products with these technologies to help enrich people's lives," Cook said.