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Subscribe to enjoy similar stories. The Federal Reserve has slowed inflation, but many Americans continue to pay a high price for the cumulative inflationary consequences of excessive monetary and fiscal stimulus. We wrote in these pages in February 2021 that, based on history, high deficits combined with expansive monetary policy would trigger accelerating inflation.

Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed positive with gains of 0.43% at 24,534 levels on Tuesday. India VIX fell more than 2% to close at 14.37 in the previous session.

hold call on RBL Bank with a target price of Rs 160. The current market price of RBL Bank is Rs 155.95. RBL Bank, incorporated in 1943, is a banking company (having a market cap of Rs 9477.41 Crore). RBL Bank's key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2024.

buy call on Hindustan Unilever Ltd. with a target price of Rs 2870. The current market price of Hindustan Unilever is Rs 2,479. Hindustan Unilever, incorporated in 1933, is a Large Cap company, with a market cap of Rs 582498.92 crore, operating in the FMCG sector. Hindustan Unilever's key products/revenue segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024.

Subscribe to enjoy similar stories. The Centre is likely to fall short of fully utilizing the budgeted allocation for states under the ‘Special Assistance for Capital Investment’ scheme in 2024-25, as state spending took a hit during the general elections and a slowdown in economic growth, particularly in the first two quarters, two people aware of the matter told Mint.

Tesla CEO Elon Musk wrote on X after a judge ruled on Monday that Musk is not entitled to receive a $56 billion compensation package. The ruling came despite shareholders of the electric vehicle company voting in June to reinstate Musk's pay package which was thrown out by the same judge in January. The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package. The compensation package initially carried a potential maximum value of about $56 billion, but that sum has fluctuated over the years based on Tesla’s stock price. How was Musk's compensation structured?

Subscribe to enjoy similar stories. WASHINGTON—Joe Biden made the central purpose of his presidency clear in his Inauguration Day address: “We have learned again that democracy is precious. Democracy is fragile," he said at the U.S.

BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients

Subscribe to enjoy similar stories. Investors are fretting that France may be on the verge of triggering a new eurozone crisis, and the amazing thing is that it took this long for everyone to notice that the country’s public finances, and its economy, are a mess. We don’t mean to make light of the worry gripping markets in recent days as the National Assembly has failed to pass a budget.

Nifty 50 index has risen over 1% in the last two trading sessions, with brokerage firm Axis Securities projecting the index to hit 26,100 by December 2025, marking an 8% upside from the current levels. The brokerage said it continues to believe in India’s long-term growth story, “driven by the country’s favourable structure, thanks to the increasing capex which is enabling banks to improve credit growth. This will ensure that Indian equities will easily manage to deliver double-digit returns in the next 2-3 years, supported by double-digit earnings growth.”

India on Tuesday said that adequate financing holds the key to achieving the objectives of the United Nations Convention to Combat Desertification (UNCCD). During a ministerial dialogue on finance at the 16th UN conference to combat desertification in Riyadh, Saudi Arabia, Union Environment Minister Bhupender Yadav also shared that India has already restored 22.5 million hectares of degraded land against the target of 26 million hectares by 2030. The minister said adequate financing holds the «key to achieving the objectives of the UNCCD» and that the World Drought Atlas released on Monday could serve as a guide for increasing mobilization of financial resources. Yadav also highlighted government initiatives like the Green Credit Programme, which involves identifying and restoring degraded land with financial support from industries.

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

cyber scams by June, up from Rs 175 crore during the same period in 2023. Investigators disclosed that criminals are using more advanced methods to avoid detection and launder stolen funds. A prevalent tactic involves spreading the stolen money across multiple digital wallets, complicating efforts by law enforcement to trace the funds' origin. This swift distribution prevents authorities from targeting the original account from which the money was transferred. To further complicate matters, the criminals often withdraw the funds through multiple ATMs, further obscuring the money trail. Additionally, they exploit the bank accounts of vulnerable individuals, such as those living in poverty or with limi ted financial literacy. By offering small sums of money, they acquire access to these accounts and use them as conduits for transferring the stolen funds. “Even if the investigators follow the money trail and reach the account holder, they will never get to know who the real mastermind of the scam is. The person who allowed the use of his or her bank account get arrested,” one investigator said.

The Nifty Realty Index is up 8% in FY25 YTD, outperforming the broader market indices by 4%. “This momentum is likely to sustain, due to mega ongoing and upcoming project launches (>INR 1.2 tn) across key markets and segments by industry leaders that are positioned to garner stellar demand, as per our checks,” Elara Capital said in a report.

Most analysts believe that the current slowdown in earnings, which was also reflected in Q2 GDP growth hitting a seven-quarter-low of 5.4%, is likely to be limited only to the first two quarters.

buy call on Allied Blenders & Distillers Ltd. with a target price of Rs 400. The current market price of Allied Blenders & Distillers Ltd. is Rs 335.8. Investment Rationale Allied Blenders and Distillers (ABD) is well positioned to capture premiumisation trend in alco-beverages industry via new product launches in P&A segment (ICONiQ White Whisky to double its volume YoY in FY25; launches in premium and luxury segments to drive realisation growth). Further, it has plans to drive profitable growth in Officer?s Choice Whisky by focus on improving state brand mix. Additionally, backward integration towards own ENA manufacturing, premiumisation and operating leverage may drive operating margin expansion (~170bps over FY25-27E). ICICI Securities' model revenue / EBITDA CAGR of 10%/30% over FY24-27E. Initiate coverage with BUY with a DCF-based target price of Rs 400. Key risks: (1) Potential ban or regulatory change in key states and (2) failure in scale-up of Prestige & Above (P&A) segment.

Anand Rathi has an accumulate call on MIC Electronics Ltd. with a target price of Rs 90. The current market price of MIC Electronics Ltd. is Rs 83.53. MIC Electronics, incorporated in 1988, is a Small Cap company with a market cap of Rs 2024.02 crore, operating in Electric /Electronics sector. MIC Electronics' key Products/Revenue Segments include Electronic Components & Equipments, Other Operating Revenue and Job Work for the year ending 31-Mar-2024.

The Nifty futures closed positive with gains of 0.51%, reaching 24,429 levels on Monday. India VIX rose nearly 2% to close at 14.70 in the previous trading session.

Ambuja Cements Ltd. with a target price of Rs 710. The current market price of Ambuja Cements is Rs 533.9. Ambuja Cements Ltd., incorporated in 1981, is a Large Cap company with a market cap of Rs 130915.01 crore, operating in the Cement sector. Ambuja Cements' key Products/Revenue Segments include Cement, Other Operating Revenue and Scrap for the year ending 31-Dec-2021.

The United States on Monday launched its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies to stymie China's ability to access and produce top-line chips. «It was not a blanket ban, or as stringent as people first feared. So that, to me, is a positive,» said Tai Hui, Asia chief market strategist at JP Morgan Asset Management in Hong Kong.

«I was shattered when it came into my knowledge,» said 48-year-old Bukhari, the information minister of Pakistan's most populous province of Punjab. Deepfakes — which manipulate genuine audio, photos or video of people into false likenesses — are becoming increasingly convincing and easier to make as artificial intelligence (AI) enters the mainstream.