Show Financial News

Vice President Kamala Harris ' campaign declared Friday that she had secured enough votes from party delegates to become the Democratic presidential nominee. The online voting process doesn't end until Monday, but the campaign marked the moment when she crossed the threshold to have the majority of delegates' votes. The Democratic National Committee did not immediately confirm the ballot totals. The announcement came after the campaign said earlier that it raised $310 million last month, an eyepopping sum showing that donors who once seemed spooked about the prospects for November's election with President Joe Biden are now offering mountains of cash to boost his former No. 2.

MUMBAI: India's real estate market just got a bit more transparent for tax authorities, but this increased scrutiny can change the dynamics of property transactions. A new tax rule, effective from October, will close a loophole that has allowed property sellers to skirt their tax obligations.

Paris Olympics 2024 has become a news fest, riddled with major controversies and incidents that have started off, right from the point athletes stepped into the Olympic Village, followed by the opening ceremony, and now some more issues around respective events at the Olympics, that may have some eyebrow-raising rules and regulations.

Armaan Malik recently clarified that he is Hindu, not Muslim, during a press conference episode of the reality web show Bigg Boss OTT 3. When asked to describe his relationship with his two wives, Armaan quickly addressed the reporter's question, explaining that despite assumptions based on his name, he is not Muslim. Armaan Malik, along with his wives Payal Malik and Kritika Malik, has been a hot topic since entering the Bigg Boss OTT 3 house, facing heavy criticism for promoting polygamy. Armaan was evicted two days before the grand finale. The remaining top five contestants are Ranvir Shorey, Sana Makbul, Sai Ketan Rao, Naezy, and Kritika Malik. The Grand Finale is scheduled for today, August 2. Payal Malik, Armaan’s first wife, was the first among them to be evicted. She made multiple appearances after her elimination, revealing shocking details that sparked numerous conflicts in the Bigg Boss house. Armaan married Payal in 2011, and they have a son, Chirayu Malik. Seven years later, in 2018, Armaan married Payal’s best friend, Kritika. In 2022, Armaan announced that both Kritika and Payal were pregnant. He is now a father of four children: Chirayu, Tuba, Ayan, and Zaid.

NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter. It had reported a net profit of Rs 2.18 crore in the year-ago period. Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal.

Construction is booming in states like Arizona, California, Florida and Texas.

Recently, David Bailey revealed that Donald Trump raised $25M during the Bitcoin Conference. This was his second-highest fundraiser ever during his three different presidential campaigns. Meanwhile, other crypto coins are also capturing headlines. For instance, the DTX Exchange (DTX) presale attracts smart money as it has soared by 100%.

Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level. The short-term trend of Nifty is down, but the near-term uptrend status of the market is intact. There is a possibility of some more weakness in the coming sessions down to 24,600-24,500 levels before showing any upside bounce from the lows. Immediate resistance is at 24,900 levels, said Nagaraj Shetti of HDFC Securities.

Warren Buffett is not done selling Bank of America.

However, as you age and are exposed to various health-related concerns, not only does the need for higher health insurance coverage arise, but also the need to pay more out of your pocket. But what if we tell you that you can increase the policy coverage every year without increasing your budget? Sounds interesting? If yes, you need to understand the concept of a no-claim bonus in health insurance

Manorama Khedkar, mother of former probationary IAS officer Puja Khedkar, was granted bail by a Pune court in criminal intimidation case on Friday. The bail comes after Manorama completed 14 days in judicial custody after having served a four-day police custody. She was arrested from a lodge at Hirkaniwadi village near Mahad in Raigad district on July 18. Police had launched a search for Manorama and her husband, Dilip Khedkar, after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil in 2023.

White-collar hiring activity grew to 2877 points in July 2024, registering a 12% YoYincrease vs July 2023 and an 11% MoM sequential increase compared to June 2024, the latest edition the Naukri JobSpeak Index has revealed. Most sectors reported healthy double-digit growths, with Pharma/Biotech (26%), FMCG (26%), Real Estate (23%), and AI/ML (47%) leading the pack. However, some of the uptick could be attributed to an impacted base of July’23, which saw an atypical dip in Index value on account of the IT sector’s woes, a statement from the company said. The Pharma/Biotech sector recorded a substantial 26% YoY increase, with Baroda (61%) and Hyderabad (39%) driving the surge. Key roles within Pharma like Sales & Business Development and Procurement & Supply Chain saw a 42% rise in hiring. Similarly, hiring in FMCG sector grew by 26%, led by Bangalore (52%) and Kolkata (43%), with Marketing and Communication roles in FMCG experiencing a 57% increase. The Real Estate sector also demonstrated a strong 23% growth in hiring, largely influenced by Delhi-NCR (+51%) and Hyderabad (+28%).

Bigg Boss OTT 3’. The YouTuber, who was recently evicted from the house, has become a controversial figure. The fitness influencer made headlines for his appearance on the popular reality TV show with his two wives, Payal and Kritika. The trio received much criticism for trying to normalise polygamy. However, Malik’s brush with controversy does not end here.

options trading, markets regulator Sebi’s whole-time member Ananth Narayan on Friday pointed out how some traders are treating expiry day trading as playing in a casino for a jackpot. “Trading in index options, specifically close to expiry, then starts to resemble a slot machine in a casino with individuals putting coins into the machine hoping to hit the jackpot. It would be unfair to compare all of equity F&O with a casino and lose sight of its utility in capital formation. That’s not what we are saying. We are talking only about the specific portions of trading closer to expiry,” Narayan said at a FICCI event.

forex reserves dipped by $3.47 billion to $667.39 billion for the week ending on July 26, data shared by the Reserve Bank of India (RBI) showed on Friday. Previously, country's forex reserves jumped by $4.00 billion to hit an all-time high of $670.86 billion as of July 19. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) fell by $1. 1 billion to $586.88 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

A new study by Fidelity reveals saving for college continues to be a major priority for American families even as they face ongoing pressure from inflation and ballooning tuition fees.

HDFC Asset Management Company Ltd. dropped 0.52 per cent to Rs 4155.7 at 11:46AM (IST) in Friday's trade. The stock hit a high of Rs 4159.0 and low of Rs 4102.05 so far during the session. The stock had closed at Rs 4177.8 in the previous session. The counter had a total traded volume of 11:46AM shares so far with a turnover of Rs 7.41 crore on BSE. The stock traded at a price-to-earnings multiple of 42.76 and a price-to-book ratio of 11.32.

SRF Ltd. traded 2.6 per cent down in Friday's trade at 12:07PM (IST). Around 11,747 shares changed hands on the counter. The counter opened at Rs 2572.55 and touched an intraday high and low of Rs 2617.5 and Rs 2554.25, 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.

Crompton Greaves Consumer Electricals Ltd. traded 1.34 per cent down in Friday's trade at 11:42AM (IST). Around 50,955 shares changed hands on the counter. The counter opened at Rs 449.0 and touched an intraday high and low of Rs 452.0 and Rs 441.35, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 470.5 and a 52-week low of Rs 262.1.

Avenue Supermarts Ltd. traded 0.58 per cent down in Friday's trade at 10:51AM (IST). Around 4,049 shares changed hands on the counter. The scrip opened at Rs 4955.0 and touched an intraday high and low of Rs 4974.95 and Rs 4944.05, respectively, in the session so far. Shares of the company of Avenue Supermarts Ltd. quoted a 52-week high of Rs 5220.0 and a 52-week low of Rs 3493.05.

Varun Beverages Ltd. rose 0.21 per cent to Rs 1572.2 in Friday's trade. It hit an intraday high of Rs 1580.25 and low of Rs 1551.95, respectively, during the day. The stock quoted a 52-week high price of Rs 1707.1 and low of Rs 800.05.