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Hindalco Industries, the flagship company of the Aditya Birla group, on Friday reported a 32% year-on-year jump in its consolidated net profit to ₹3,174 crore for the quarter ended March driven by strong margins and volumes across aluminium and copper businesses. The company's revenue from operations for the quarter was flat year-on-year at ₹55,994 crore.Hindalco's earnings before interest, taxes, depreciation, and amortization or Ebitda stood at ₹7,201 crore for Q4FY24, up 24%, driven by lower input costs and higher volumes.The demand for copper and aluminium going ahead remains very strong in India, said Satish Pai, managing director, Hindalco Industries."I think that we can get to the monsoon where we don't have supply disruptions, so, our cost of production is under control and if the commodity prices remain favorable, we should have another good year," Pai said in a statement.Consolidated net debt to Ebitda stood at 1.21 times as of 31 March 2024 against 1.39 times in the corresponding period a year ago.

Rapper and 'Bigg Boss 16' winner MC Stan has once again sparked concern among his fans with a cryptic social media post. On Friday, he took to his Instagram stories to share a disturbing message, «Ya Allah bas maut dede (Oh God, just give me death),» which left his followers deeply worried.

US Federal Reserve minutes show officials rally around higher-for-longer ratesMCX Gold traded lacklustre in the morning on Friday, May 24, tracking weak global cues. According to Reuters, gold prices in international markets hit a two-week low on Friday and were set for their biggest weekly loss in nearly eight months.Also Read: Gold slips to over one-week low on hawkish Fed, US dataAround 11:45 am, MCX Gold traded 0.02 per cent lower at ₹71,565 per 10 grams.Also Read: Gold pulls back from record highs, drops by ₹2,256 over 3 sessions on profit bookingGold prices are falling due to profit booking as investors believe the US Fed will not cut interest rates anytime soon and the rate reduction later this year will be shallow.Rahul Kalantri, VP of commodities at Mehta Equities, pointed out that gold prices are falling as investors have downgraded expectations of Fed rate cuts following the previous US economic release."S&P Global's May flash readings of the manufacturing, services, and composite PMIs reveal that US economic activity is increasing.

₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.

Also Read: Emkay projects Brent oil price range at $83 to $92 per barrel in the short termTraders remain concerned that prolonged high interest rates in the US will hurt the economic outlook and demand for energy. In the previous trading session, crude oil prices dropped over 0.65% following the release of the Federal Reserve meeting minutes, which indicated a lack of confidence among policymakers regarding imminent interest rate cuts.The minutes showed that while policymakers viewed current policy as "well positioned," some expressed readiness to tighten policy in the event of inflation spikes.

interest rate hikes, ever! The immediate impact? Bonds lost in double digits. The returns they made in over a year were wiped out in a span of weeks. For instance, the Total Bond index, which tracks the US investment grade bonds, marked 2022 as its worst year on record going back 250 years.

Japan's Nikkei share average sank on Friday, tracking declines on Wall Street after robust U.S. economic data stoked bets that stubborn inflation may delay Federal Reserve interest rate cuts. The Nikkei sagged 1.17% to 38,646.11 as of the close, and had earlier dipped as much as 1.9%.

Then-President Donald Trump fired the first shots with tariffs on China seven years ago, and then Joe Biden ushered America into the new industrial policy age. Stage three, punctuated by Biden’s latest round of duties on Chinese imports, builds on the first two: using tariffs to defend US interests, with subsidies now at the core of policy and without fear of retaliation. The $31 trillion arena of international commerce has withstood a series of shocks in recent years, including the US-China trade war. This time, the linchpin is the European Union — caught between preserving its self-styled role as defender of multilateral rules and fearing the loss of millions of jobs and tens of billions in investment while the US and China wield market-distorting subsidies and tariffs.

Gold rose on Friday but was set for its first weekly drop in three weeks, as investors lowered expectations of a U.S. interest rate cut after the Federal Reserve's latest meeting indicated that there would be a delay in monetary policy easing. FUNDAMENTALS

In the cryptocurrency space, nothing is certain. A petty small investment can make you a millionaire in no time. But as you know, all coins do not have that quality, and some are made to forge the investment. Authentic players of this space have strong features, backing, and use cases – they are the coin for the long run. BEFE is a coin of this line.

Nifty Bank snapped a 2-day losing streak to close in the green with gains of nearly 1,000 points on Thursday. The Nifty Bank rose 986 points to close at 48,768, while Nifty50 hit a fresh record high of 22,993.

Sukumar's 'Pushpa 2: The Rule' continues to escalate with the announcement of its second song. This eagerly awaited track will showcase Rashmika Mandanna as Srivalli alongside Allu Arjun, reprising his iconic role as Pushpa Raj. In a 19-second teaser clip shared by the filmmakers, fans are treated to a behind-the-scenes look at Rashmika Mandanna getting her makeup done. During this clip, a vlogger approaches her and inquires about the second song of 'Pushpa 2'. Rashmika playfully performs a hook step from the song and sings a line, "Angaaron, ambar sa lagta mai mera Saami". The song, titled 'Angaaron (The Couple Song)', promises captivating beats and lyrics reminiscent of its predecessor's song 'Srivalli'. The song is set for release on May 29, 2024, and will highlight the chemistry between Allu Arjun and Rashmika Mandanna, making it the couple song of the year. 'Pushpa 2: The Rule' is directed by Sukumar with music composed by Devi Sri Prasad. The film's first song, 'Pushpa Pushpa', was a massive hit, topping the charts and setting high expectations for the subsequent tracks.

dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Sterling remained firm after jumping to a one-month peak following hotter-than-expected inflation, and also drew support from the announcement of a UK parliamentary election for July 4.

Compatibility: This is rule number one to ensure seamless pairing with your phone. Smartwatches typically work with either Android or iOS, and some offer compatibility with both. This solely depends on the brand of smartwatch, like WearOS watches works with iOS but the experience is limited.

The first three months of 2024 proved to be a blockbuster quarter for US individual annuities as total US sales in the sector hit $106.7 billion, according to Limra.

Delhi riots. He vividly remembers how his shop in the main market was burnt and his family of 10 lived in a camp for over four months before they could gather the courage to return. «The shop took longer to rebuild but the business has not been the same,» he says. North East Delhi constituency, which has the maximum concentration of Muslim voters in Delhi at 20.7%, is divided along communal lines. The epicentre of the Delhi riots of 2020 which claimed 53 lives and left 583 injured, North East Delhi is witnessing a tight contest between two-term BJP MP Manoj Tiwari and Congress' Kanhaiya Kumar, a former CPI leader involved in students politics. Tiwari is the only BJP MP who has not been dropped by the party in Delhi. But anti-incumbency is visible on the ground.

Karnal | Panipat: A former CM and the currentCM are in the fray in Karnal — one contesting for the Lok Sabha elections and the other for the state assembly bypoll. Manohar Lal Khattar, who was replaced as Haryana CM, is contesting the Lok Sabha election after resigning from Karnal assembly seat. His successor Nayab Saini is contesting the by-poll from the same assembly seat. But more than the CM and the former CM, it is the two other candidates — Congress' Divyanshu Budhiraja and NCP-INLD joint candidate Virender Maratha — who have created a lot of buzz in this constituency, where the BJP registered the second highest margin in the previous Lok Sabha polls. Karnal is seen as one of the better seats for the BJP which its precursor, Jan Sangh, had won for the first time in 1962. While Karnal is hub for rice millers, dairy players and the footwear industry, Panipat in a handloom industry centre.

India's electronics manufacturing services (EMS) into sharp focus:

Oil prices fell more than 1% on Wednesday, retreating for a third straight day on expectations that U.S. interest rate cuts might be deferred due to sustained inflation, potentially affecting demand in the world's largest oil user. The market also slipped as U.S. crude oil and gasoline inventories rose last week, according to market sources citing American Petroleum Institute (API) figures on Tuesday. Analysts expected them to decline.

RBI has transferred a record surplus of Rs 2.1 lakh crore to the central government for FY’2023=24 on account of windfall interest income from investment in overseas securities and income from LAF operations. . The huge windfall for the government puts in a much stronger fiscal position and opens up the possibility of a cut in borrowing. Banking system liquidity is also set to get a boost once the government resumes spending after the elections The windfall dividend is well above the Rs 1.05 lakh crore estimated in the the Interim Budget for FY2025 under dividends and profits, which also includes dividends from public sector banks and other undertakings.

A climate philanthropy organization, Giving Green, received a $10 million anonymous donation in April and thinks that the same donor may have given even more