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Mint analysis of consolidated financials of over 1,800 companies showed that the cash flow for purchase or creation of fixed assets (CFA) by these companies, or simply capex, increased by 19% in FY24. This was nearly the same as the 20% compound annual growth rate (CAGR) recorded during FY21-23, but a significant improvement from the -1.6% CAGR during FY19-21 The analysis is based on a common sample of companies for which data has been available for the last six years. The data excludes BFSI (banking, financial services, and insurance) and IT services.

China’s exports beat forecasts in June, while imports grew less than expected

Benchmark 10-year Treasury yields rose nearly 14 basis points to 4.479% overnight, with analysts linking the rise to expectations that Donald Trump will win the U.S. presidency, in turn leading to higher tariffs and government borrowing.

gold corrected lower on Friday following three straight days of gains which had pushed it to the highest level since May 22. The metal closed with a slight loss of 0.11% at $2411 on Friday as it rose for the third straight week. It was up 0.83% on the weekly closing basis. The US bond yields/Dollar Index

Indian Army on Wednesday issued a clarification on the compensation provided to Agniveer Ajay Kumar’s family after Leader of Opposition Rahul Gandhi alleged that Defence Minister Rajnath Singh had lied in the parliament about the emoluments. In a post on social media X. the AGD PI Indian Army tweeted, “*CLARIFICATION ON EMOLUMENTS TO AGNIVEER AJAY KUMAR*

ACC Ltd. traded 0.09 per cent down at Rs 2767.7 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex gained 528.79 points to 79970.24. The scrip had settled at Rs 2770.3 in the previous session. The stock quoted a 52-week high price of Rs 2843.0 and 52-week low of Rs 1763.25, respectively. As per BSE data, total traded volume on the counter till 01:39PM (IST) stood at 10895 shares with a turnover of Rs 3.02 crore.

budget session of Parliament, protesting farmers have approached non-NDA MPs to push for a minimum support price (MSP) guarantee legislation through private members' bills. Farmers have upped the ante against the BJP-led NDA ahead of the session, which begins on July 22. Two farmer organisations — Samyukt Kisan Morcha (Non Political) and Kisan Mazdoor Sangharsh Morcha — which have been leading the protests since February this year, have started approaching MPs to once again push for their demands. The groups have framed a list of demands for all the non-NDA MPs to push through private members' bills during the session. A beginning is being made with MPs of agrarian states where the two organisations have a good presence. These include Punjab, Haryana, Rajasthan, UP, Bihar, Andhra, Telangana, Karnataka, Kerala and Tamil Nadu.

Gaza, including two children at a home and at least one United Nations worker, Palestinian hospital officials and first responders said, even as stalled cease-fire talks between Israel and Hamas show signs of renewed momentum. Four out of every five people in Gaza — nearly 2 million Palestinians — have been driven into the territory's center by expanding Israeli military offensives and evacuation orders, the army estimated earlier this week. Civilians are taking shelter in makeshift tent camps and crowded urban areas, and many have been displaced multiple times. Violence also flared Friday in the occupied West Bank, where Israeli forces killed seven people in a raid and an airstrike, according to Palestinian health officials. And on the Israel-Lebanon border, rockets fired by militant group Hezbollah lightly wounded two Israeli soldiers, the army said, as concerns grow that these low-level clashes could escalate into a wider regional war.

IMD) has issued an orange alert for Mumbai and several districts in Maharashtra's Konkan region, predicting heavy to very heavy rainfall on Saturday. Mumbai, Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg are all under the alert, with the city already experiencing significant rain over the past few days. Heavy rainfall this morning has resulted in waterlogging and traffic disruptions across Mumbai. According to the IMD, the city has recorded 61.69 mm of rain in the last 24 hours. Additionally, authorities have warned of a high tide of 3.87 meters expected in Mumbai at 4:06 pm today. The maximum temperature is likely to hover around 29 degrees Celsius, while the minimum may settle at 24 degrees Celsius. «An orange alert has also been issued for Thane, Palghar, Raigad, Ratnagiri, and Sindhudurg districts in Maharashtra's Konkan region.»

National Commission for Women (NCW) initiated legal action against TMC MP Mahua Moitra for her remarks against NCW chairperson Rekha Sharma, she challenged Delhi Police to act immediately on suo moto orders. «Come on Delhi Police please take action immediately on these suo moto orders. Am in Nadia in case you need me in the next 3 days to make a quick arrest,» Mahua Moitra said in a post on X. «I Can Hold My Own Umbrella,» she added.

Rahul Gandhi, who is Leader of Opposition (LoP) in Lok Sabha, on Monday met people in relief camps in Churachandpur in Manipur and offered them support. The inmates staying in relief camps highlighted their problems due to ethnic violence in the state. Speaking to ANI, a youth who has been staying in the camp after ethnic violence erupted in the state, said they are happy over the visit of Rahul Gandhi and hoped that the Congress leader will highlight their issues.

Federal Bank led the way in gross loan expansion while CSB Bank showed the highest deposit growth among Kerala-headquartered lenders which published their quarterly business numbers so far. Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82510 crore. City Union Bank and Dhanlaxmi Bank are yet to publish their first quarter business numbers till Wednesday noon. ESAF Small Finance Bank has not shared the numbers as well.

U.S. wildlife officials are embracing a contentious plan to deploy trained shooters into dense West Coast forests to kill almost a half-million barred owls in coming decades

A long Fourth of July holiday weekend in the United States is expected to create new travel records

Shree Cements Ltd. traded 0.75 per cent down at Rs 27461.6 at 01:50PM (IST) on Wednesday, even as BSE benchmark Sensex gained 539.07 points to 79980.52. The scrip had closed at Rs 27671.8 in the previous session. The stock quoted a 52-week high price of Rs 30710.15 and 52-week low of Rs 23023.05, respectively. As per BSE data, total traded volume on the counter till 01:50PM (IST) stood at 162 shares with a turnover of Rs 0.45 crore.

Euro Cup 2024, and have now decided upon the probability of the England vs Spain Euro Cup finals, set for this Sunday. These mystic animals predicted a dominating England win against Netherlands and lo-and-behold, that was the very outcome, as The Three Lions thrashed the Dutch, 2-1, and progressed to the finals.

Jobs crisis Temporary residents and recent immigrants are driving up Canada’s unemployment rate, as record numbers of newcomers welcomed to the country to fill labor shortages are now struggling to find work, Bloomberg has reported. The unemployment rate for temporary residents – including foreign workers, international students and asylum seekers – was 11% in June, according to Bloomberg calculations. Using comparable data, the unemployment rate for all workers was just 6.2% last month. Immigrants who’ve landed in the last five years are also having a hard time finding a job, with their unemployment rate reaching 12.6% in June.

GAIL (India) Ltd. traded 0.72 per cent down at Rs 220.0 at 01:55PM (IST) on Wednesday, even as BSE benchmark Sensex gained 535.18 points to 79976.63. The scrip had closed at Rs 221.6 in the previous session. The stock quoted a 52-week high price of Rs 233.0 and 52-week low of Rs 104.7, respectively. As per BSE data, total traded volume on the counter till 01:55PM (IST) stood at 220556 shares with a turnover of Rs 4.88 crore.

Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2% target, ECB policymaker Pierre Wunsch said in an interview. The ECB cut rates in early June but made no commitment about any further moves, arguing inflation was still too high and it lacked the confidence that 2% was within reach.

Indian American comedian has taken the world of comedy by storm, bringing in humor and comedic relief to the seemingly mundane lives of Indian-American housewives and the daily issues in Indian households. From winning the best comedy screenplay at the 2019 Austin Film festival for ‘Rearranged’, her career as a stand up comedian has reached new heights, having performed on ‘The Tonight Show starring Jimmy Fallon’, being named Variety Magazine’s 10 comics to watch in 2023 and being celebrated by eminent figures such as Prime Minister Narendra Modi, Oprah, Karan Johar, Kevin Hart and Bill Clinton.

Hong Kong, Jul 05, 2024 -Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Japan's Nikkei 225 ended flat while the broader Topix index, which a day earlier surpassed its previous peak set in 1989, also shed some of its gains.