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Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

More than 10,000 workers at 25 U.S. hotels are on strike after choosing Labor Day weekend to amplify their demands for higher pay, fairer workloads and the reversal of COVID-era cuts

The U.K. government says it's suspending exports of some weapons to Israel because they could be used to break international law

Modi on Monday shared a nostalgic reflection on the BJP’s rise from its humble origins at the launch of the BJP's 'Sadasyata Abhiyan' 2024 in Delhi. Speaking with deep emotion, Modi reminisced about the early days of the Bharatiya Jana Sangh and the relentless spirit of its workers. “When I was not in politics, at the time of Jana Sangh, our workers used to paint 'diya' (symbol of Jana Sangh) on walls with enthusiasm,” Modi recounted. “Leaders of several political parties used to mock us, saying that one cannot reach the corridors of power by painting 'diyas' on walls. We are those who painted 'lotus' on walls with such confidence that we knew, one day the 'lotus' painted on walls would be painted on the hearts of the people.” Modi highlighted the scorn faced by the party during its early years. “Some people have been making fun of us. When we had just two members in Parliament, we were mocked. Some people's character is such that they believe belittling others makes them appear significant,” PM Modi said.

The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect it has on farmers’ terms of trade. Some have opined that it is a settled issue and there is no point in opening it up.

Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal pattern building at the highs. A decisive move only above 25,400 could open the next upside target of 25,800 levels. Immediate support is placed at 25,100, said Nagaraj Shetti of HDFC Securities.

What happened to gold and silver last week? What’s the outlook for these commodities this week? And how might the Fed's actions impact gold in the near future? ET Markets discussed these questions with Naveen Mathur, Director of Commodities & Currencies at Anand Rathi Shares and Stock Brokers, in this week's ET Commodity Talk. Excerpts: Gold and silver plunged on Friday amid a rebound in the dollar index and the U.S. bond yields. Can you sum up last week's commodities? Naveen Mathur: Data released Friday showed the Fed's favored inflation measure, the core PCE deflator, came in at 0.2% month-on-month, the year-on-year remained at 2.6% rather than rise to 2.7% as the consensus predicted. A 0.2% MoM reading keeps inflation on the correct run-rate to get annual inflation to 2% by early next year which is the US Feds target This along with robust consumer spending numbers & declining real disposable income indicated a decline in the personal savings rate. Overall it makes the case for only a 25 bps rate cut in September as it made gold pared all its gains last week.

«We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years,» says Seshadri Sen, Emkay Global Financial Services. Well, I am just going through your latest note and it seems like you have raised your target for the Nifty all the way to 26,000 now for September 25. Earlier it was close to 22,000 for June 25. Is it just the market momentum that has made you change it because we are very close to that mark already or do you see a further uptick in the fundamentals versus what you anticipated earlier? Seshadri Sen: No, the primary driver is that there were a few speed bumps that we were anticipating in the first half and those played out. The market through those speed bumps quite strongly. But we are looking at a much smoother ride in the second half in terms of fundamentals which is why we raised our multiple and that cascaded into a raised Nifty target.

Stinger missiles to boost its defence capabilities amid growing concerns about China's military activities. The Army and Navy each ordered 250 Stinger missiles in 2019 and 2015, respectively. However, Taiwanese forces urgently require more effective countermeasures and deterrence, prompting the Army to order 1,985 more Stinger missiles from the US for approximately NT$55.54 billion,Taiwan News reported, citing Liberty Times. The Army will procure 549 launch systems and 549 identification, friend or foe (IFF) systems. The missiles are expected to be delivered by 2031, according to the MND's 2025 budget report.

short seller and the Indian market regulator, a completely different controversy is brewing. It involves the country’s second-most-valuable bank, and its plan to swallow up its securities affiliate. Some shareholders of the brokerage firm, upset over the terms of the buyout, want to know how the Securities and Exchange Board of India allowed the delisting of ICICI Securities Ltd., waiving the regulator’s own rules for compensating minority investors. A company-law tribunal in Mumbai quashed their challenge on Aug. 21 and allowed the deal to proceed. But that isn’t the end of the matter. There is a separate class-action suit before another tribunal in New Delhi. This dispute is also being heard by a higher court in Mumbai, the country’s commercial capital. The Indian regulator is battling bigger trouble elsewhere. In an Aug. 10 note, Hindenburg Research drew attention to SEBI chief Madhabi Puri Buch’s past personal investments, and her ownership of a consulting outfit, to question the watchdog’s objectivity in probing the Adani Group, the target of the short seller’s original January 2023 report. The infrastructure conglomerate, which suffered a $150 billion drop in its market value in the aftermath of the publication, has strenuously denied the short seller’s claims of stock-price manipulation. The group’s shares have recouped most of their losses. Buch described the allegation of potential conflict as “character assassination” and said that she made all the appropriate disclosures and recusals.

Breakout stocks to buy or sell: Following strong global markets, the Indian stock market ended higher for the twelfth straight session on Friday last week. The Nifty 50 index registered its best winning streak since its launch in 1996 by rising on the 12th day in a row. The 50-stock index finished 83 points higher at the 25,235 mark, the BSE Sensex shot up 231 points and closed at 82,365, whereas the Nifty Bank index ended 198 points higher at 51,351.

Buy or sell stocks today: The Indian stock market index, Nifty 50, hit new record highs on Friday, August 30, continuing its path to the 12th successive day of closing in the green. After Friday's trading session, Nifty 50 closed 0.33 per cent higher at 25,235.90 points, compared to 25,151.95 points in the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.28 per cent higher at 82,365.77 points, compared to 82,134.61 points in the previous market close.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

NCP (SP) president Sharad Pawar on Sunday said the opposition won't sit quietly till the Mahayuti dispensation in Maharashtra is dislodged from power in the next two months and a new government is formed on the ideals of Chhatrapati Shivaji. Addressing party workers at Ghatkopar in Mumbai, Pawar slammed the state government over the collapse of the statue of the legendary warrior king in Sindhudurg district on August 26. He said those in power in the state have no «faith» in Shivaji Maharaj. «I assure you (party workers) that if you show your unity, then we will not sit quietly till the government in Maharashtra is changed in the next two months and a new government is formed on the ideals of Shivaji Maharaj that will safeguard the interests of people,» Pawar said.

Mint. "In India, offline is a much bigger market, and that is our big push," said co-founder and chief executive officer Harshil Mathur. In August 2022, Razorpay entered the offline segment through the acquisition of Ezetap.

BJP has set a target of making one crore members in Rajasthan, the party's membership campaign state convenor Arun Chaturvedi said on Sunday. He said that the target of making one crore members has been set at all 51,000 booths in the state. Prime Minister Narendra Modi will start the party's membership campaign on Monday from the BJP's central office in New Delhi. On September 3, Chief Minister Bhajanlal Sharma and state president Madan Rathore will start the campaign in the state. Chaturvedi said that under the BJP's membership campaign, anyone can become a member by giving a missed call through the Namo app, website or scanning a QR code. This time, along with online, members will also be made through offline mode.

Vice President Kamala Harris and former President Donald Trump have starkly different visions on how to address a changing climate while ensuring a reliable energy supply

Mark Zuckerberg may have a history of copying of others’ ideas, but when it comes to navigating the GenAI hype cycle, he’s the one forging a smarter path. In the year to date, Meta Platforms’s shares have significantly outperformed its tech giant peers, rising 54% while the likes of Alphabet’s Google and Microsoft have gone up 18.5% and 12% respectively. Why? Investors have become more sceptical in recent months about how quickly new AI models will economically benefit the customers of cloud giants, and their enthusiasm for Microsoft, Google and Amazon.com has waned.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is to be reconstituted soon, as per its usual schedule, and its revised composition will be of interest. The approach so far has been to have three members from RBI, including its governor, and three external members. These members are appointed by the central government for a term of four years.

Nifty towards 25,500–26,000 in the short term, says Rupak De, Senior Technical Analyst, LKP Securities. He recommends buying TCS, DLF, and LTIMindtree for the week. Edited excerpts:

RJD MP Manoj Jha on Sunday defended his party leader Tejashwi Yadav's "Chinese replica of Yogi Adityanath" remark for Assam chief minister Himanta Biswa Sarma. Jha said that the remark was against the dog-whistle politics of the BJP. «What Tejashwi Yadav said is something that people say daily. When we say that something is „Chinese maal“, it means it is not durable,» Jha told ANI «He said it in the context of dog-whistle politics, the politics of polarisation. As far as the dignity of words is concerned, where do you place 'bhains', 'mangalsutra' and 'mujra'?» he added.