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Securities and Exchange Board of India (Sebi) on Thursday slapped a penalty of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited holding them in violation of total expense ratio (TER) norms prescribed by the regulator. Further, the trustee was penalised after the regulator found that it did not ensure compliance by the fund house.

Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on 'Making Money.'

The Bank of Canada’s governing council has shifted its focus to downside risks to inflation and is concerned about the impact mortgage renewals and population growth uncertainty may have on the economy, according to deliberations from its most recent interest rate decision, released on Wednesday.

Restaurant Brands International Inc.’s sales grew less than anticipated in the second quarter, the latest sign of consumer malaise hitting restaurants.

Tapping home equity through a line of credit can make sense for many reasons, but following a report that HELOC balances are increasing, new research reveals some risky uses by some borrowers.

Manulife Financial Corp.’s Asia business posted further gains, with strong insurance sales in Japan and Hong Kong, offsetting lower earnings in its U.S. division.

Hurun India most valuable family businesses, the top three family business’ interests are valued at $460 billion, equivalent to the GDP of Singapore. The list reveals that the top three Indian business families include the Ambani, Bajaj, KM Birla, with the Bajaj family valued at Rs 7.13 lakh crore and the Birla family at Rs 5.39 lakh crore. The Ambani family tops the list with Rs 2.57 lakh crore. However, the Adani-led energy conglomerate, with a value of Rs 15.45 crore did not feature in the top 10, as it is a first-generation family business. The Adani family leads in the first-generation entrepreneur category with a valuation of Rs15.45 lakh crore. The combined value of the 2024 list stands at Rs130 lakh crore, surpassing the GDPs of countries like Switzerland and the UAE. The top three family businesses alone account for Rs46 lakh crore, equivalent to Singapore's GDP.

₹1,499 and goes up to ₹39,999 (quite steep as an offering from fast-fashion but accessible if you consider that Khanna’s couture garments are usually worth lakhs)—but also showcases a relaxed design vocabulary for India. At the same time, it doesn’t compromise on colour and craft, unlike the 2021 H&M x Sabyasachi collection—the first Indian designer collaboration—that was largely restricted to chintz overkill and often-repeated silhouettes. Khanna has used a little chikankari on an oversized jacket that you can wear from an office meeting to a party; kantha on a long shirt that’s perfect for a Sunday brunch; an elephant-eye print on a shirt-like jacket and lungi skirt that would work at an evening party; and hand-embroidered patchwork on a coat that will make heads turn.

A week is a long time in politics," said former British prime minister Harold Wilson, briefing journalists at the time of a sterling crisis. It was in the mid-1960s and Wilson was referring to the far-reaching fallout of the crisis. Close to 60 years later, I could perhaps be pardoned for tweaking Wilson’s quote to suit the world of macroeconomics.

Left Front rule in Bengal had just got over at the Netaji Indoor Stadium in Kolkata. It was sometime in June 2007. CPI(M) patriarch Jyoti Basu, well into his 90s, had long delivered his speech but showed no signs of departing the dais although supporters had already started leaving the tightly packed venue. That wasn't usual, given the grand old man's failing health and his limited public appearances. Shortly afterwards, the stalwart was seen engrossed in an animated discussion with then chief minister Buddhadeb Bhattacharjee, his frown apparent even from a distance. Biman Bose, then Left Front chairman and secretary of the party's state unit, soon joined what looked more like a debate than a conversation. Again extremely unusual, given a deadpan Basu's demeanour in public rarely bordered on the jittery and the party hardly ever exhibited its differences outside the closed doors of its Alimuddin Street headquarters.

NEW DELHI : Mumbai-based Deepa Desai, 47, had a harrowing time transferring her provident fund (PF) from one employer to another. Even withdrawal was not easy. Here's why.

Voltas Ltd. traded 1.94 per cent up in Thursday's trade at 12:38PM (IST). Around 9,361 shares changed hands on the counter. The counter opened at Rs 1474.4 and touched an intraday high and low of Rs 1511.75 and Rs 1450.9, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1560.0 and a 52-week low of Rs 794.15.

LTIMindtree Ltd. traded 1.97 per cent down at Rs 5454.9 at 12:48PM (IST) on Thursday, even as BSE benchmark Sensex gained 2.15 points to 79470.16. The scrip had settled at Rs 5564.95 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 6442.65 and Rs 4518.35, respectively.

Cholamandalam Investment & Finance Company Ltd. dropped 0.69 per cent to Rs 1369.4 at 12:43PM (IST) in Thursday's trade. The counter hit a high of Rs 1382.7 and low of Rs 1360.0 so far during the session. The stock had closed at Rs 1379.0 in the previous session. The counter had a total traded volume of 12:43PM shares so far with a turnover of Rs 1.04 crore on BSE. The stock traded at a price-to-earnings multiple of 31.54 and a price-to-book ratio of 4.96.

Trading platform Robinhood reported positive earnings for the second quarter, with revenues reaching $682 million, marking a 40% increase year-over-year due to a resurgence in Meme stocks.

InterGlobe Aviation Ltd. traded 0.07 per cent down at Rs 4315.55 on Thursday at around 11:36AM (IST), while the benchmark BSE Sensex declined 300.22 points to 79167.79. As many as 4,411 shares changed hands on the counter with a total value of Rs 1.9 crore.

SRF Ltd. traded 1.11 per cent down in Thursday's trade at 11:31AM (IST). Around 4,798 shares changed hands on the counter. The counter opened at Rs 2591.9 and touched an intraday high and low of Rs 2602.05 and Rs 2561.4, respectively, in the session so far. The stock of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2081.25.

Taylor Swift’s upcoming concerts in Vienna.As a result, all three Eras Tour shows have been cancelled, the organizers confirmed Wednesday.“With confirmation from government officials of a planned terrorist attack at Ernst Happel Stadium, we have no choice but to cancel the three scheduled shows for everyone’s safety,” Barracuda Music shared to Instagram.A post shared by Barracuda Music (@barracuda.music)Swift was scheduled to play Thursday, Friday and Saturday. The organizers wrote that all ticket holders will have their money refunded in the next 10 business days.The arrests of the suspected extremists took place Wednesday in Austria.

Vienna leg of a tour by American mega-star Taylor Swift has been cancelled after Austria arrested an Islamic State sympathiser in connection with an attack plot, the organisers said Wednesday. Authorities had earlier confirmed the arrest of a 19-year-old sympathiser of the armed group for allegedly planning an attack in the Vienna region, warning he had a «focus» on Swift's three upcoming shows. «With confirmation from government officials of a planned terrorist attack at Ernst Happel Stadium, we have no choice but to cancel the three scheduled shows for everyone's safety,» Barracuda Music said on Instagram.

China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis. «Everyone will go hungry,» he said of Wuhan drivers competing against robotaxis from Apollo Go, a subsidiary of technology giant Baidu.

Asian equity markets Thursday, extending the volatile trading of the past week as investors digest signals from central banks on the path ahead for interest rates. The Topix Index opened lower alongside benchmarks in Australia and South Korea. US futures also fell in early Asian trading Thursday after the S&P 500 and Nasdaq 100 dropped on Wednesday. The yen rose, having dropped 1.6% on Wednesday.