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HCLTech, India’s third largest software exporter, reported a 6.8% sequential growth in net profit at Rs 4,257 crore, beating ET’s analyst poll estimates of Rs 3,745 crore. A fatter bottom-line came largely on the back of a spike in non-core income in the June quarter otherwise marked by sluggish demand. Revenues and margins declined sequentially. The company’s EBIT came at Rs. 4,795 crore, down 4.4% QoQ & up 7.5% YoY.

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

inflation rose to a four-month high of 5.08%, faster than expected, from 4.8% in May, with food inflation flaring up to a six-month high of 9.36%, data released Friday showed. Inflation, as measured by Consumer Price Index (CPI), was 4.87% in June and food inflation was 4.55% in the year earlier. An ET poll last week had pegged retail inflation at 4.7%. The simultaneously released Index of Industrial Production (IIP) showed factory output grew at a seven-month high of 5.9% in May, according to data from the ministry of statistics. Near-term Rate Action Unlikely Industrial production grew 5% in April 2024 and 5.7% in May last year. “A weak start to the southwest monsoon in June and prolonged heatwave impacted vegetable prices, in turn pushing food and beverages inflation back above 8%,” said Radhika Rao, senior economist, DBS Bank.

SYDNEY—Australian businesses are dipping into savings to cover day-to-day running costs and repay debts amid higher-for-longer rates, but arrears remain low for now, the head of business banking at the country’s largest lender said. Like households, businesses built up cash buffers during the pandemic, and strong post-Covid demand supported business profitability. Recent Australian regulator data cited by UBS showed overall bank deposits fell in May, with an uptick in household savings being more than offset by contracting business and government deposits.

Pakistan Finance Minister Muhammad Aurangzeb has warned that the cash-strapped country will continue to seek IMF bailouts if it fails to boost tax revenue, according to a media report on Monday. The Pakistan Muslim League-Nawaz (PML-N) leader in an interview with the the UK-based Financial Times newspaper said that he was «relatively confident» of reaching a staff-level agreement with the Washington-based global lender this month for an estimated loan of USD 6-8 billion. Aurangzeb, however, said, «It will not be our last fund programme if we don't bring our tax revenues up.» Last month, the federal government passed the tax-laden Rs 18,877 billion budget for the fiscal year 2024-25, amidst protests from the Opposition which labelled it as an International Monetary Fund-driven document that was harmful to the public.

Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in the first week of July for non-compliance with various RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. This penalty was imposed for non-compliance with RBI directions regarding 'Loans and Advances: Statutory and Other Restrictions' and the 'Reserve Bank of India (Know Your Customer (KYC) Direction, 2016'. Before PNB, the RBI penalized four cooperative banks with various penalty amounts. These banks include The Gujarat Rajya Karmachari Co-operative Bank, Gujarat; The Rohika Central Co-operative Bank, Madhubani, Bihar; The National Co-operative Bank, Mumbai, Maharashtra; and The Bank Employees' Co-operative Bank, West Bengal.

The Bahnsen Group founder and CIO David Bahnsen surveys the real estate market as younger homebuyers struggle with the ongoing housing crisis. 

PSG for the player transfer was a record-breaking one and being in such demand at this young age shows how important Lamine Yamal is to world football currently.

The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed...

Rishi Sunak's campaign to remain Britain's prime minister showed a lack of political touch. The Conservative Party's problems were grave before Friday's resounding election defeat but missteps by Britain's richest prime minister contributed to its defeat. Predecessors such as Tony Blair and Boris Johnson were more politically astute and able to connect with voters. As for Sunak, he didn't have to call the election until Jan. 2025. He defied political advice by doing so in May — with Conservative support dwindling steadily amid an economic slump, ethics scandals and a revolving door of leaders over the last two years — and announced the July 4 date in the pouring rain.

Lionel Messi and Lamine Yamal had something in common in the past 24 hours: Both the players scored for their respective national teams to take them to the finals, one being Copa America 2024, with the other being Euro Cup 2024. Yamal, in fact set a world record for being the youngest player ever to score a goal at the Euro championship history. He achieved this feat after scoring an equalizing goal for Spain and putting them back in the game after they were lagging by a goal, scored by France in the ninth minute itself. As 16-years-old Yamal entered the history books, pictures of him with Lionel Messi surfaced on social media but they came with a rather sweet twist. The picture that is viral on social media shows Lionel Messi in his young era bathing a baby Yamal, which has created an aww moment for all football fans around the globe. Also Read: Found Season 2: When and where you can watch the new chapter? Release date & time

The Bahnsen Group founder and CIO David Bahnsen surveys the real estate market as younger homebuyers struggle with the ongoing housing crisis. 

U.S. stocks ended higher after some mixed signals on big banks’ profits and inflation did little to dent Wall Street’s belief that easier interest rates are on the way

There are signs of Bitcoin miner capitulation, which could indicate a bottom in Bitcoin prices, according to a report by CryptoQuant.

Immigration officials have launched deportation proceedings against five more suspected members of the Iranian regime found in Canada, according to newly released figures.

The Beastie Boys are suing the parent company of Chili’s in a case that accuses the chain restaurant of running an advertisement that used the hip-hop trio’s smash hit “Sabotage” without permission

X. In the last week of May, the platform announced that users would no longer be able to see who has liked someone else’s post or view the “Likes” tab on other users’ profiles. “My friends saw the ‘Likes’ tab as a way to subtly background-check guys they were interested in,” says the 23-year-old social media marketing professional.

NDTV quoted Latif as saying on GTV Sports.Apart from this, Latif asked Babar and Rizwan to leave the team for good or change their batting approach. He even cited examples of T20 World Cup champions from India – Virat Kohli and Rohit Sharma – who announced their retirement from the format after the final match on 20 June."I would give examples of Rohit Sharma and Virat Kohli to show how they changed themselves.

ICICI Lombard General Insurance Company Ltd. rose 0.64 per cent to Rs 1817.8 in Tuesday's trade. It hit an intraday high of Rs 1847.95 and low of Rs 1804.2, respectively, during the day. The stock quoted a 52-week high price of Rs 1847.95 and low of Rs 1266.0.

Stocks that were in focus include names like Tata Motors, which rose 0.93%, Adani Wilmar, which gained 1.92%, and PC Jewellers, whose shares jumped 10% on Monday.

US jobs data due Friday for clues on Federal Reserve rate cuts. Tokyo’s Topix index touched another record, before slipping. The moves followed gains for European shares, led by French equities. US stock futures were little changed in Asia after markets were closed Thursday for a holiday.