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Prosecutors at a federal labor agency have determined that Amazon is a joint employer of subcontracted drivers who delivered packages for the company in California

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack from Yemen's Houthi rebels in the Red Sea, while also destroying a bomb-carrying drone boat in the area

Updated COVID-19 vaccines are on their way

U.S. stocks closed higher after more big companies delivered profit reports that topped analysts’ expectations

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

₹54,721 crore in FY25, about 9% higher than ₹50,118 crore target in FY24. About ₹45,000 crore is expected to come from the auction of commercial mines.

Buy or sell stocks today: The Indian domestic stock market index Nifty closed higher for the sixth consecutive session on Thursday, August 22. The index was fueled by the positive cues from global markets, closing 0.17 per cent higher at 24,811.50 points, compared to 24,770.20 points at the previous market close. The Bombay Stock Exchange (BSE) Sensex closed 0.18 per cent higher at 81,053.19 points after Wednesday's session, compared to 80,905.30 points at the previous close.

Karnataka Cabinet on Thursday decided to advise Governor Thawarchand Gehlot to permit prosecution of Union Heavy Industries Minister HD Kumaraswamy and former BJP ministers Shashikala Jolle, Murugesh Nirani and G Janardhana Reddy as sought by the Lokayukta. The Cabinet decision comes days after Lokayukta’s special investigation team (SIT) sent a second letter to the Governor requesting permission to file chargesheet against Kumaraswamy in connection with the renewal of a mining lease. The ruling Congress has stepped up its counter-offensive against the BJP-JDS combine, both legally and politically, and is preparing to build a strong case ahead of the scheduled hearing of Chief Minister Siddaramaiah’s writ petition in the high court, coming up on August 29. The CM is battling charges of his wife being given 14 residential plots, unlawfully, in an upscale area in Mysuru.

deposits, private sector Bandhan Bank has unveiled a savings product exclusively for women with an aim to boost low cost deposit mobilisation. The share of Bandhan's current and savings account fell to 33.4% at the end of June, as compared with 37.1% three months prior to that. «We expect improvement in CASA (current and savings account) deposit share with this product. We are planning more innovative products which will act as important levers towards universal banking mandate,» Bandhan Bank's interim managing director Ratan Kumar Kesh told ET.

industrial real estate IndoSpace is planning to invest over Rs 580 crore to develop two new logistic parks spread over 76 acres in Karnataka as part of the commitment made by the company through a Memorandum of Understanding (MoU) signed with the state government. In 2022, IndoSpace entered into a seven-year pact with the government, with a commitment to invest Rs 3,000 crore in the state's warehousing and logistics industry. This investment, the largest ever by an industrial developer in Karnataka, is expected to create 14,000 new jobs. “These parks will have a total development potential of 1.8 million sq ft and are targeted at industries such as automobiles, engineering, electronics, and third-party logistics (3PL) operators. These parks will be developed in phases, and the work will commence this year with plans to make them operational over the next 2–3 years,” said Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.

«It’s not a matter of if, it’s a matter of when,» small business owner Payton Jones told Jason Rantz about when the public will become victims. (Credit: @jasonrantz via X)

A key gauge of euro-zone wages eased — reinforcing the case for the European Central Bank to continue lowering interest rates next month.

Audi India Head Balbir Singh Dhillon. He noted that hybrid cars are not currently part of the company's strategy for the country and the focus firmly remains on petrol and electric models. Dhillon said subsidies are needed for the growth of the EV segment, «till the time we reach a decent penetration level». «There is no science behind this, it's just a gut feeling that maybe by the time we reach 50 per cent penetration in the luxury (electric) space, we need that support (lower GST) and thereafter it is driven by itself,» he added.

LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter told CNBC Thursday, confirming earlier reporting by Sky News.

In November 2022, after acquiring Twitter, Elon Musk joked to his millions of followers: “Wait, if I Tweet does that count as work?" An account secretly run by a Russian intelligence agency tried for a humorous reply: “Your boss will be angry." The awkward joke got zero likes. Russian trolls are ramping up their efforts again on social media ahead of another U.S. presidential election, and they seem desperate for influencers to notice them.

According to minutes of their July meeting published on Wednesday (22 August), US central bank officials noted the incoming data had bolstered their confidence that inflation was «moving sustainably» towards the Federal Open Market Committee's 2% target, warranting a first cut as soon as next month. «The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting,» the July report read. Fed rate setter calls for gradual interest rate cuts – reports However, most participants in the meeting added ...

Donald Trump's nearly USD 500 million civil fraud judgment, arguing there's «overwhelming evidence» to support a judge's finding that the former president lied for years about his wealth as he built his real estate empire. In paperwork filed ahead of oral arguments next month, New York Attorney General Letitia James' office said the current Republican nominee's appeal is awash in «meritless legal arguments» and ignores volumes of trial evidence showing that he and his co-defendants engaged in «fraud and illegality on an immense scale.» «On appeal, defendants tellingly ignore almost all their deceptions,» Assistant Solicitor General Daniel S Magy wrote in a 168-page submission to the state's mid-level appeals court known as the Appellate Division. Trump, his company and top executives including his sons Eric and Donald Trump Jr «created and used financial statements rife with blatant misrepresentations and omissions to maintain loans worth more than half a billion dollars and to generate over USD 360 million in ill-gotten profits,» Magy wrote.

Also read: Wall Street today: US stocks mixed, Fed minutes & Jackson Hole in focus We calculate that ATI has so far reduced coupon issuance by more than $800 billion, delivering a degree of stimulus similar to that of a 100-basis-point reduction in the Fed’s policy rate. Put another way, the Treasury has effectively offset all the Fed’s 2023 interest-rate hikes. Not only that, but the ATI has been supplemented with forward guidance, indicating that it will persist for another few quarters, to the other side of this year’s US election.

Zomato's shares surged 3% following its acquisition of Paytm's ticketing business, marking a strategic expansion into the event and travel booking sectors. This move has sparked optimism among analysts, with brokerages setting target prices as high as Rs 335 for the stock. On Wednesday, the company's board of directors approved a share purchase and subscription agreement with One 97 Communications (Paytm operator), Wasteland Entertainment Private Limited (WEPL), and Orbgen Technologies Private Limited (OTPL) to acquire their entertainment ticketing business.

On the options front, the maximum Call open interest (OI) is at the 25,000 strike, followed by the 25,500 strike, while the maximum Put OI is at the 24,500 strike, followed by the 24,600 strike.

Zomato Ltd. with a target price of Rs 300. The current market price of Zomato Ltd. is Rs 265.7. Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 229528.10 Crore) operating in Services sector.