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Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

A group of authors is suing artificial intelligence startup Anthropic, alleging it committed “large-scale theft” in training its popular chatbot Claude on pirated copies of copyrighted books

Brookfield has proposed to put over 50,000 crore in renewable energy over three to five years in Andhra Pradesh, potentially the largest overseas investment in the sector. The company, through its Evren platform, plans to add 8.66 gigawatts (GW) of wind and solar power projects, people aware of the development told ET. Senior executives from Brookfield, which manages renewable assets worth $102 billion globally, met Andhra Pradesh chief minister N Chandrababu Naidu on Tuesday. “Met with managing director of Brookfield’s renewable power and transition group, Mr Nawal Saini… Brookfield has expressed a keen interest in investing in our state's renewable energy sector, particularly in solar, wind, and rooftop energy,” Naidu posted on X.

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...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

After nearly three months of fundraising, PlayDoge ($DOGE) charges into the final six days of its presale as its new play-to-earn (P2E) game is ready to launch.

Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale which involved selling of over 18.54 crore shares was done in two block counts of 9.27 crore shares each. The shares were sold at a price of Rs 257.46 and Rs 257.17 which was at a premium of 2.3% over the floor price of Rs 251.68, ET Now had reported on Monday quoting agencies.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Moody's Ratings on Tuesday said rated Indian companies will spend USD 45-50 billion annually over the next 1-2 years towards capex as companies boost capacity, with the country's most valued firm Reliance Industries alone accounting for 30 per cent of the spendings. Investments to increase vertical integration and achieve net zero targets will also keep spending high, Moody's Ratings said in a report on corporates in India and Indonesia. «Rated Indian companies' capex will remain elevated at around USD 45-50 billion annually over the next one to two years. With an annual capex budget of around USD 15 billion spread across its different business segments, Reliance Industries alone will account for around 30 per cent of the portfolio capex,» Moody's Ratings said. The oil and gas sector and Reliance Industries will collectively account for over 60 per cent of the rated Indian portfolio's spending over the next couple of years.

RBI's) inflation targeting regime has worked well and need not be abandoned in favour of a more discretionary regime that could be risky and counterproductive, a new research paper has said. The paper titled 'Inflation Targeting In India: A Further Assessment' said the weight of food-price inflation in the CPI inflation basket should be reduced to better reflect the circumstances of Indian households. «The RBI's inflation targeting regime has worked well. Given this record, radical changes such as broadening its mandate or abandoning the target in favour of a more discretionary regime would be risky and counterproductive,» it said. The paper is authored by economists Barry Eichengreen (University of California, Berkeley) and Poonam Gupta (NCAER).

Ankur Capital, which backs startups in agritech, climate and deeptech, has raised fresh capital commitments from existing backers British International Investment (BII) and MacArthur Foundation for its third fund. The latest fund, for which the target is Rs 1,200 crore ($150 million), has already raised capital from US International Development Finance Corporation and Self-Reliant India Fund, a central government initiative under the Ministry of Micro, Small and Medium Enterprises. “BII and MacArthur Foundation are returning investors in this fund as they were limited partners in our second fund…We continue to be a pre-series A investor and continue to look at companies at that stage,” Ritu Verma, managing partner, Ankur Capital, told ET.

«The next resistance for the Bank Nifty is at 51,900 to 52,000. So, I feel that market should do well. Bank Nifty should lead from here and at least I am expecting 1000-point rally in next three to four sessions in the Bank Nifty,» says Vinay Rajani, HDFC Securities. Firstly, if you look at the markets, it is 140 points up today, 24,700. We have also claimed the 2nd August highs that we had seen. So, how are you looking at the Nifty trajectory from here on? Vinay Rajani: So, basically, for the last four trading sessions Nifty has been rising and the all-time high for the Nifty was placed at 25,078, which was registered on 1st August and from that level we witnessed a correction and that correction went up to 23,900 odd level. If we were to take the 61.8%, which is the Fibonacci retracement level, Nifty has managed to close, it has surpassed that level, 24,625 was the level precisely, that retracement level that has been taken out. We have also taken out the crucial gap resistance, which was there around 24,686. So, now it is trading above that.

The Fed has so far remained resolute that future rate cut decisions will be data driven as it maintained its target range for the Fed funds rate at 5.25%-5.5% in late July (31) until it is confident that inflation has hit its 2% target on a sustained basis.  Held between 22-24 August in Jackson Hole, Wyoming, the 47th annual conference will focus on «Reassessing the Effectiveness and Transmission of Monetary Policy» and provide central bankers such as Jerome Powell, chair of the Fed, to «clearly state their views», said John Plassard, senior investment specialist at Mirabaud Group. Fo...

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. Now, it's the health of the job market that's starting to draw their concern. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. How fast it may cut rates after that, though, will be determined mainly by whether employers keep hiring. A lower Fed benchmark rate would eventually lead to lower rates for auto loans, mortgages and other forms of consumer borrowing. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers. It's a platform that Powell and his predecessors have often used to signal changes in their thinking or approach.

₹576 crore, which was below estimates. Rapid store expansion caused standalone revenue per square foot to drop 10% to ₹4,500. Also read: Cement prices are at a multi-year low, and there’s more earnings pain ahead A silver lining is the shift towards premium products, with 54% of sales now from products priced above ₹3,000, against 50% in the March quarter.

Mint. "It is part of our strategy, and perhaps we may do it earlier than planned. A clear indication from the regulator is that if you can do a particular business in the bank, you should not be doing the business in a subsidiary.

Hezbollah group said it launched several rocket salvos at Israeli army positions in the annexed Golan Heights on Tuesday «in response» to Israeli strikes on eastern Lebanon the previous day. Hezbollah fighters launched «intense rocket barrages» at two Israeli army positions in the occupied Golan Heights «in response to the Israeli enemy's attack on the Bekaa» Valley — which a source close to Hezbollah said targeted weapons depots in the eastern region. The Israeli military confirmed that around 55 projectiles were identified crossing from Lebanese territory.

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₹1,500 each into the bank accounts of many beneficiaries of the Mukhya Mantri Majhi Ladki Bahin Yojana. The scheme pays out that amount each month to women in the age group of 21 to 60 with an annual household income of less than ₹2.5 lakh. News reports suggest that 1.6 crore women have applied for the benefit.

₹5.9 lakh and an annual renewal of ₹3.54 lakh, Primus has positioned itself as India’s most expensive credit card. This ultra-premium offering is aimed squarely at the country’s elite, and its closest rival, the American Express Centurion, charges even more for membership, with a joining fee of ₹8.26 lakh and an annual fee of ₹2.95 lakh. Read this | Cashback, discounts and rewards: The benefits of co-branded credit cards Both cards cater to ultra-high-net-worth individuals (UHNWIs) who value exclusivity and privilege above all else.