Show Financial News

Kharif sowing has picked up pace. Agriculture ministry data shows that farmers have cultivated  crops across 73 million hectares till Friday, nearly 8.5% higher than the corresponding period last year. This could be due to an improvement in rainfall in July across most parts of the country.

ITC officially announced the demerger of its hotel business on Monday (July 24), putting all the rumours to rest. However, the news triggered a sharp selloff in the stock as shares of ITC fell 3.87 per cent to close at ₹470.90.

mutual fund schemes using technology and other interventions with the aim of helping capital formation in the economy, she said. Such interventions have accrued in monetary benefits of ₹3,500 crore for the investor community on an annual basis, she added.

Indian exporters on Amazon Global Selling recorded a business growth of nearly 70% at this year’s Prime Day Event held on July 11 and 12, surpassing the average growth rate in previous editions. Amazon Global Selling is the retail giant's flagship ecommerce exports program, through which it facilitates sellers in India to access overseas markets. For Amazon, Prime Day is a crucial sale event to boost sales in the mid-year timeline before it starts work on the Diwali sales, which go on for a month.

Sameer Mahendru in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy on medical grounds. While directing Mahendru to surrender before the trial court by 5 PM on September 4, Justice Dinesh Kumar Sharma made it clear that no further extension of interim bail shall be granted to him on the grounds cited in the instant application. The high court observed that interim bail can never be allowed to be made an «evergreen process».

It’s shaping up to be a pivotal week for global stocks, as companies with a combined $27 trillion market value gear up to report quarterly earnings. As Netflix Inc. and Tesla Inc. showed last week, the pressure is on — to deliver or face a sharp selloff.

Crypto exchanges that connect buyers and sellers directly without Wall Street-style middlemen are under pressure to improve their services amid a decline in market share.

Ashok Gehlot sacked his cabinet minister for state after the latter criticised the state government flagging women's safety in Rajasthan. The debate arose as India fumes over a viral video from violence hit Manipur which showed two Kuki Zo women being paraded naked by a mob of Meitei men.  Rajasthan Congress MLA Rajendra Gudha, was sacked by the CM Gehlot government only hours after he flagged women's safety issues in Rajasthan. On Monday, the Rajasthan assembly was was adjourned after sacked minister Rajendra Gudha triggered unruly scenes in the House, waving a red diary which he claims holds details of irregular financial transactions.

When crypto company Binance launched its U.S. exchange in 2019, almost $70,000 of bitcoin changed hands in the first hour. But the demand didn’t come from external traders.

Uncertainty over the path of inflation later this summer makes it hard to predict the Federal Reserve’s next steps following a likely quarter-percentage point increase in interest rates this week. Some Fed policy makers and economists are concerned that the easing in inflation will be temporary. They see inflation’s slowdown as long overdue after the fading of pandemic-related shocks that pushed up rents and the prices of transportation and cars.

college is unaffordable. Or does it? The consensus view is that America has a college-affordability crisis and things are getting worse. According to the Heritage Foundation, a conservative think-tank, “college costs are out of control".

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. Learning new things is hard.

pound headed for a seventh straight day of losses on Monday against the dollar, its longest losing streak since the onset of the pandemic in 2020, after a survey showed Britain's private sector growing at its slowest pace in six months in July. The S&P Global/CIPS composite Purchasing Managers' Index showed a preliminary reading of 50.7, down from 52.8 in June in the biggest month-on-month drop in 11 months. Although above the 50-level that separates growth from contraction, it was the weakest reading since January.Sterling was last down 0.2% on the day at $1.2827 having touched a session low earlier of $1.2808 after a preliminary survey of UK business activity showed a downturn in British manufacturing deepened, while the service sector also slowed.

Also read: Oppenheimer, Barbie, Mission Impossible 7 collect ₹78 crore in weekend; Hollywood films rule Indian Box Office Anurag Thakur's expressed his displeasure over CBFC's alleged failure to protect public interests, and he emphasised that negligence in this regard will not be overlooked. Uday Mahurkar, the Information Commissioner of the Union government and founder of Save Culture, Save India, had also voiced his concern over the scene, stating that it insults the Bhagavad Gita, a revered holy book of the Hindu community. He called on Nolan to delete the offensive scene from the film, pointing that it reeks of religious hatred.

Relative Strength Index (RSI) is an important technical indicator which helps investors make informed decisions on stocks. This indicator gives valuable insights into a stock's price momentum and potential trends. On July 21, Monday, StockEdge reported 24 stocks that were trading in the overbought zone, yet exhibited a bearish or declining RSI trend.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

AFP, Gen. Andrew Harrison said the process has started through a communications line set under the armistice agreement that stopped the fighting of the 1950-53 Korean War. He said the well-being of Pvt.

Marico Ltd. dropped 0.41 per cent to Rs 536.7 at 01:33PM (IST) in Monday's trade. The scrip hit a high of Rs 540.5 and low of Rs 531.3 so far during the session.

₹460-500 levels, which is also a potential reversal zone of the bullish bat pattern, the stock is trading above all critical daily exponential moving averages. Additionally, it has made a bullish divergence near the above-mentioned potential reversal zone, which is making it lucrative at current levels. "One can buy between ₹555-560 with an upside target of ₹620 and the stop loss would be around ₹520 on a closing basis," said Patel.

Swiggy will buy back shares worth over $50 million from more than 2,000 employees, which they had received as part of the food and grocery delivery company’s employee stock option plan (ESOP). This is Swiggy's second tranche of ESOP liquidity program.

A recent report from work-as-a-service platform Awign decodes this trend with some data from the ground. These numbers are based on observed data and so may not be representative of the broader population. But these can still provide some trends to employers on the type of such freelance roles that organisations are looking for. For jobseekers, it can give some insights into where qualified people can find opportunities. Using data from ASSOCHAM, the report says: “India had 15 million independent workers or freelancers in 2020, with industries like IT, finance, HR and design hiring people on a project basis. Notably, the number of tech companies onboarding independent workers has seen an uptick. A November 2022 survey by NASSCOM, Indeed and AON found that the share of Indian tech companies hiring gig workers rose to 65 per cent in 2022 compared to 57 per cent in 2020.” Indeed, the overall demand for gig work has gone up after the pandemic. But one of the more intriguing results the data shows is an increased demand for people with graduate degrees.