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NEW DELHI : Morgan Stanley on Wednesday said it expects India’s retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food. However, the consumer price index (CPI) is expected to moderate to 5-6% in the second half of FY24. The investment bank said despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from Jan-March 2024.

Advanced Micro Devices plans to end its year with a banger. Investors couldn’t wait that long to celebrate. The chip maker more commonly known as AMD has been the second-hottest semiconductor stock this year next to Nvidia.

Enforcement Directorate has seized cash and jewellery worth ₹25 crore during raids against top officials of Hero MotoCorp. The Central probe agency also found "incriminating" documents in the residences and officers of executive chairperson Pawan Kant Munjal and others. The development came mere weeks after the Ministry of Corporate Affairs ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds.

Metropolis Healthcare Ltd., a prominent diagnostic service provider, reported its unaudited consolidated financial results for Q1FY24. The company's core business revenue, excluding Covid and Covid Allied, PPP contracts, reached ₹271 crores, showing a 12% YoY growth.

A sharp split between two federal judges in New York has boosted and then dragged down cryptocurrency values in recent weeks, as investors look for clarity on a crucial question: Is crypto a security?

Spirited Away," is set to captivate audiences in London. The highly acclaimed production will grace the London Coliseum, the largest West End theater, for a thrilling 12-week run starting in April 2024. Director John Caird expressed his pride and delight in presenting the original Japanese stage production of «Spirited Away» at the Coliseum Theatre. The show, created in 2022, promises to transport British audiences into the magical world crafted by Hayao Miyazaki.

Mankind Pharma on Wednesday reported a sharp 66.4% year-on-year rise in consolidated net profit for the quarter ended June 2023 to Rs 487 crore, with revenue rising 18.3% to Rs 2,579 crore. Operating profit, calculated as earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter surged 43% YoY to Rs 660 crore, with margins expanding by a staggering 450 basis points to 25.6%. “Our strategic initiatives across the businesses are delivering positive results, and we are hopeful that we will continue to outperform industry growth, going ahead,” said Rajeev Juneja, vice-chairman and managing director.

Team India played like a champion squad and amassed a big total of 351/5 from their 50 overs in the third ODI on Tuesday and comprehensively dominated the West Indies to bundle them out cheaply for 151 to win the series 2-1. India showed a blip in form in the second ODI and drew criticism from many former players, but bounced back perfectly in the third ODI. After playing five T20 matches against the West Indies, Team India will be in action in the hugely anticipated 2023 Asia Cup.

WASHINGTON (Reuters) — U.S. private payrolls increased more than expected in July, pointing to continued labor market resilience that could shield the economy from a recession.

By Davide Barbuscia

Are we back in 2011 or what?

workplaces have to be friendless? Although the office is usually considered a cesspool of competition, ruled by deadlines and the rat race to get into the boss’s good books, it is indeed possible to reach targets like a pro and make some friends in the process!

Mumbai: Indian banks are likely to post a lower return on assets, between 0.85 and 1%, in the next 24-30 months as net interest margins (NIMs) contract due to repricing of deposits, showed an analysis by McKinsey & Co. Return on assets (RoA) of the banking system, a measure of profitability in relation to assets, stood at 1.1% in FY23, up from -0.2% in FY18 and 0.9% in FY22. “If we take a 12-18 month view, we expect RoAs to fall.

skincare routine, you can bid adieu to pesky wrinkles and embrace a naturally luminous glow that will have others speculating about your age-defying secret. Building a routine helps your skin radiate a natural beauty that requires no heavy layers of makeup. And let's not forget the protective shield that skincare creates, guarding your skin against a multitude of problems and diseases.

₹1,877.84 crore, while domestic institutional investors (DIIs) also sold securities for a net total of ₹2.23 crore. The decline was triggered by a sell-off in global markets after Fitch downgraded the US credit rating from AAA to AA+. The downgrade was due to concerns about the US government's rising debt levels and the potential for a recession.

Javed Akhtar has approached a sessions court here against summons issued against him by a magistrate in a case filed by actor Kangana Ranaut, and claimed the order was passed in a hasty and inappropriate manner resulting in «grave miscarriage of justice». Akhtar has moved a revision petition before the sessions court in suburban Dindoshi and the matter will be heard on August 8.

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla's Model 3 to Lockheed Martin's F-35 fighter jet.

A body found in Brooklyn’s Newtown Creek was identified as a Goldman Sachs Group Inc. analyst who went missing over the weekend, the New York Police Department said.

migrate" out of their state for availing treatment for major diseases, according to a report. The 'State of Healthcare in Rural India-2023' study had 6,478 respondents, 75 per cent men and 25 per cent women, across six regions — north, south, northeast, east, central and west. The report also stated that at an all-India aggregate, a little over 10 per cent of rural India went to a public primary healthcare facility for serious ailments. The majority used government-run secondary-level facilities (around 60 per cent), about 22 per cent went to a private facility, mostly hospitals, and just over five per cent consulted a private medical practitioner, the study by Transform Rural India and Sambodhi Research Pvt Ltd found. People in northeastern states have the highest preference for «migration» for health facilities and 84 per cent respondents in this region said they would go out of their states in search of better medical treatment, it stated. The percentage for the eastern region was 66 and for the central region 61 with respondents expressing similar intentions, the report stated.

Investing.com — U.S. stock futures fell Wednesday after the surprise downgrading of the country’s top-tier credit rating by Fitch, while the quarterly corporate earnings season continues.

By Harry Robertson and Rae Wee