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WASHINGTON (Reuters) — U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook.

Bank of England (BoE) on Thursday made its 14th consecutive increase in interest rates, bringing them to their highest level since early 2008. The central bank raised interest rates by 25 basis points, setting them at 5.25 per cent. The bank emphasized that the persistence of high inflation makes it improbable for them to halt the rate hikes anytime soon, according to a Reuters report. Bank of England's move indicates that borrowing costs are likely to remain elevated for the foreseeable future. The initial response in the financial markets was mixed. The pound experienced a drop but later recovered some of the losses, while stocks remained in negative territory. Although energy prices are anticipated to decrease in the remaining months of the year, leading to a decline in inflation below 5 per cent in the fourth quarter, the government is on track to achieve its goal of halving inflation by the end of 2023. This achievement comes after experiencing a peak of 10.5 per cent at the beginning of the year.

South Korea on Thursday when a man rammed a car onto a sidewalk and then stepped out of the vehicle and began stabbing people near a subway station in the city of Seongnam. Yoon Sung-hyun, an official from the southern Gyeonggi provincial police department, said at least nine people were stabbed and four others were injured by the vehicle.

New Delhi: Gasoline consumption increased 19.7% during the June quarter compared to the same period of last year to a provisional assessment of 9.377 million tonne, minister of state in the ministry of petroleum and natural gas Rameswar Teli said. In a written reply in the Lok Sabha, the minister said, to meet the growing energy demands, Indian refineries presently have a refining capacity of 253.9 million tonnes per annum (MTPA).

Toncoin (TON) is heading for zero, as sell pressure continues to dominate price action for this struggling cryptocurrency.

One morning in late June, criminal agents from the Internal Revenue Service made unannounced visits to dozens of wealthy Americans. They carried summonses and wanted to ask about pension plans in Malta on the IRS “Dirty Dozen” scams list.

AI has given rise to a new era of convenience, effectiveness and tailor-made experiences. The global AI market is expected to reach a valuation of approximately $ 1,591.03 billion by 2030.

Union Home Minister Amit Shah on Thursday addressed the Lok Sabhs as he moved a Bill to replace the Ordinance for control of services in Delhi for consideration and passing in the House and targeted the Aam Aadmi Party (AAP) government which has relentlessly been opposing the Bill. While moving the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, Amit Shah said that there are provisions in the Constitution that allow the Central government to make laws for the national capital.

The latest federal indictment of former President Donald Trump poses an unprecedented test of the Justice Department’s ability to build a persuasive case not just for 12 jurors but also for the history books. In seeking to do that, prosecutors will face a number of hurdles in court, including showing that Trump’s actions were criminal as opposed to protected free speech. On the issue of whether it can persuade the public of the righteousness of its prosecution, the Justice Department has taken on a huge and politically polarizing target in an atmosphere already ripe with mistrust over its motivations.

DoorDash raised its annual core profit forecast for a second time and posted an upbeat quarterly revenue as groceries and food orders jumped, sending its shares up more than 4% after the bell on Wednesday. The delivery firm posted its highest revenue since its IPO in Dec. 2020 as people stick to the pandemic trend of buying from their homes, thanks to promotions, deals and free deliveries with subscription passes by DoorDash and its rivals.

Karan Adani, Director, Ambuja Cements, says: “ We keep looking at opportunities. If it comes at the right price which is very strategic, we will keep our options open.” Coming to Sanghi Industries, with its location advantage and unique marine infrastructure, Adani says “the idea is that we want to make its Kachchh plant the lowest cost clinker production plant in the country and the target is to manufacture clinker at around Rs 1,500-1,600 per tonne.”Ambuja Cements has acquired a majority stake in cement maker Sanghi Industries at an enterprise value of Rs 5,000 crore. Can you explain the logic behind this move?First of all, there are a lot of location advantages in this transaction.

Assembly Funds Management, the investment house backed by the billionaire Lowy family, has begun raising finance for a second property fund, reflecting growing appetite for non-bank real estate debt.

UBS’ mega-merger with Credit Suisse enables the enlarged Swiss bank’s asset management division to work more closely with its former rival’s private banking client base.

Australia’s reigning cotton grower of the year sees a European Union crackdown on the textile industry’s carbon footprint as a money-making opportunity and is moving to build a renewable ammonia and green hydrogen plant on one of his farms with help from the NSW government.

₹1,200 crore in its electric vehicle subsidiary Mahindra Electric Automobile Ltd (MAEL). The Indian auto major M&M and Singapore-headquartered Temasek have executed a binding agreement for the investment in the four-wheeler (4W) passenger electric vehicles company. Temasek Holdings will invest the money in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to ₹80,580 crore.

Temasek Holdings and Mahindra & Mahindra have executed a binding agreement whereby the former will invest Rs 1,200 crore in the latter’s subsidiary Mahindra Electric Automobile Ltd. Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release. This investment will result in Temasek holding a 1.49-2.97% stake in Mahindra Electric Automobile.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “indicator wise, the daily RSI on the Nifty made a new 52-week high just a month back. There are no signs of topping out. I know this market will keep scaring you from time to time, but it will keep coming back.

Railway theme has been one of the most interesting and rewarding ones in recent times. While stocks like RVNL and RailTel witnessed quick gains recently, IRFC has been a shy one. This is expected to change in a big way." In the calendar year 2023, the stock has rallied 35%.

InterGlobe Aviation (IndiGo) share price fell over 5 per cent in morning trade on BSE on Thursday a day after the company reported record quarterly profit for the June quarter of the current financial year (Q1FY24). The stock opened at ₹2,630 against the previous close of 2,565.75 and soon fell 5.3 per cent to the level of ₹2,430.15. The stock hit its 52-week high of ₹2,745.95 on July 13 this year and a 52-week low of ₹1,676 on November 9 last year on BSE.

₹6,765.5 crore in the first quarter of the fiscal year 2023-24 as compared to a net loss of ₹8,557 crore in the same period last year. The company’s net profit increased by 87.5% from ₹3,608.3 crore in the quarter ending March 2023. HPCL’s revenue fell to ₹1.18 lakh crore in Q1FY24 from ₹1.21 lakh crore a year ago.

Also read: Supermoon in August 2023: See date, time, when to watch Supermoon in India The event on 28 October 2021 is a rare example of a 'ground level enhancement,' during which solar particles are energetic enough to penetrate Earth's magnetic bubble that normally protects us from less energetic solar outbursts. This marked only the 73rd ground level enhancement since records began in the 1940s, and none have been recorded since as reported by Geophysical Research Letters.