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Fitch's downgrade of the United States' credit rating, Indian equity markets opened in the red for the second straight session on Thursday, dragged by banking, financial and IT stocks. The BSE Sensex was trading 285 points or 0.43% lower at 65,497. Nifty50 was trading at 19,442, down 84 points or 0.43% at around 9.17 am.

Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand. «The future of who wins in India will have some bearing on who wins globally in the EV race,» said Jasmeet Khurana of the World Economic Forum.

Ukraine from exporting grain. The attacks destroyed buildings in the port of Izmail and halted ships in their tracks as they prepared to arrive there to load up with Ukrainian grain in defiance of a de-facto blockade Russia reimposed in mid-July. Ukrainian deputy prime minister Oleksandr Kubrakov said the Russian drone attacks damaged almost 40,000 tonnes of grains which had been destined for countries in Africa as well as China and Israel.

₹12,755 crore. This was a surprising move, given in 2014 Maruti Suzuki had a hard time convincing its investors, including minority shareholders, that its decision to have its parent invest in a factory while it invests its cash stockpile on strengthening its brand and distribution, was fair game. Eight years later, changing market dynamics and the need to streamline a mammoth capacity of 4 million units it is going to build over the ongoing decade, Maruti Suzuki wants direct control.

Slack faced another round of issues, marking the second outage in a week. Users encountered problems with viewing images, and some even reported being unable to access the app altogether. This outage could prove disruptive for numerous workplaces relying on Slack to communicate with colleagues, especially as remote working continues to gain popularity. The technical difficulties occurred during the working day in both the UK and the US, according to a report. Just days ago, there was another major outage that affected users worldwide, preventing them from signing in or sending messages. In contrast to the previous outage, the current problems did not appear to affect all users universally; instead, they seemed more confined in scope. On Wednesday, Slack's official status page acknowledged the issue, stating that users might experience difficulties loading threads, admin pages, and images. The company said that it was actively investigating the matter, as per Independent report. The outage resulted in a considerable surge of users reporting issues, as shown on the tracking website Down Detector. However, it remained uncertain whether the problems were limited to specific platforms or regions. Slack boasts over 200,000 paid customers, including 77 of the Fortune 100 companies. Notable among its clientele are major US firms like Target, Uber, Expedia, and Airbnb. The app's widespread use among such significant enterprises underscores the impact of any service interruptions.

GitHub Copilot X is an advanced version of GitHub's AI pair programmer, designed to integrate into every part of a developer's workflow. The platform is a vision for the future of AI-powered software development, featuring chat and terminal interfaces, support for pull requests, and early adoption of OpenAI’s GPT-4.

Ankle Monitor," designed to track children. The device is said to have an app that enables parents to monitor the whereabouts and activities of their kids. The video's widespread circulation on various social media platforms has sparked diverse reactions from viewers. But is it real? It is pertinent to mention that an ankle monitor, also known as an electronic monitoring device, is used for tracking the location and movements of individuals. It is typically worn around the ankle and is equipped with GPS technology or radio frequency signals. Ankle monitors are commonly used in the criminal justice system as an alternative to incarceration for non-violent offenders, pre-trial detainees, or individuals on parole or probation. The device allows authorities to monitor the person's whereabouts and ensure they comply with court-ordered restrictions, such as staying within designated areas or adhering to curfew conditions. It is an effective tool for supervision and helps reduce overcrowding in prisons while providing an opportunity for rehabilitation and reintegration into society.

Government organisations faced over one lakh cyber security incidents till June this year, while financial institutions saw over four lakh incidents, numbers presented in the Lok Sabha on Wednesday showed. Government organisations have faced 1,12,474 cyber security incidents till June this year, minister for electronics and IT Ashwini Vaishnaw said in the Lok Sabha on Wednesday in a written response.

New Delhi: The Central government will launch e-CARe (e-clearance for after life remains) portal on Thursday to facilitate fast transfer of mortal remains of Indian nationals who die abroad, Union Health Minister Mansukh Mandaviya said on Wednesday during a press briefing. The government will depute a nodal officers from Airport Health Organization who will be monitoring the portal 24x7.

₹124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to ₹2,254 crore. The company also plans to raise ₹2,000 crore, in one or more tranche, through issue of non-convertible debentures (NCDs) and bonds on private placement basis. Its net profit stood at ₹45.55 crore in the year-ago period.

NEW DELHI : Morgan Stanley on Wednesday said it expects India’s retail inflation to leap to 6.2% at the end of the quarter ending September, against its previous forecast of 5.5%, due to higher prices of food. However, the consumer price index (CPI) is expected to moderate to 5-6% in the second half of FY24. The investment bank said despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from Jan-March 2024.

Aeroflex Industries has received approval from the market regulator for its Rs 350 crore Initial Public Offering (IPO). The company has secured a final observation from the Securities and Exchange Board of India (Sebi), which equates to approval. Aeroflex filed its preliminary IPO papers with the regulator in March of this year.

India. The necessary judgement should be made by the Indian govt and not by the German govt," the Rajya Sabha MP said. Ariha Shah was accidentally hurt by her grandmother in September 2021 following which the German authorities took the baby away, who is currently under German foster care.

By Harry Robertson and Rae Wee

Best-performing Large Cap Mutual Funds in 1 year (till August 1, 2023): Direct plans of as many as 11 Large Cap schemes have given over 17% annualised returns in 1 year. The regular plans of these schemes have also given more than 15% returns to investors in this duration, as per data on the website of the Association of Mutual Funds in India (AMFI) tracked till 1st August 2023.

Nifty had a significant decline on Wednesday's trading session as a result of negative economic data coming out of China, the euro zone, and the US, which prompted caution and had an impact on the risk sentiment. The Nifty 50 index was down 1.05% at 19,526.55, while the S&P BSE Sensex fell 1.02% to 65,782.78. Also, the fear gauge index, India VIX soared and closed 9.67% higher amid negative cues from global markets.

Food Price Index, which accounts for nearly half of the overall consumer price basket, rose to 4.49% in June 2023 against 2.96% (revised) in May 2023. Other economists have also cautioned that inflation could cross 5% in the next two months on a continued rise in prices of vegetables, pulses and cereals.

Dubai Silicon Oasis (DSO) in partnership with Derq has implemented of 14 AI smart pedestrian crossing systems. This achievement follows extensive testing over a period of two years. Dubai Silicon Oasis, a technology park and a a member of the Dubai Integrated Economic Zones Authority, provides both integrated living and working community facilities.

Fed to cut rates sooner than it currently states. A rate cut combined with higher-than-average inflation will result in a structural up move in gold prices, said Chirag Mehta and Ghazal Jain of Quantum Mutual Fund. Gold started July on a subdued note, trading near $1900 per ounce levels with the backdrop of the Fed’s hawkish hold in June. Prices gradually moved up during the month as investors stuck to bets of one final interest rate hike in July. The probability that the Fed will raise its benchmark rate by 25 basis points to a range of 5.25%-5.50% in July was above 90% for most of the month, according to Interest Rate Futures. International gold prices ended the month around 2.7% higher. Domestic prices moved up by around 2.9%. However, there was some volatility along the way. The minutes from the Fed’s June 13-14 meeting revealed that a majority of Federal Reserve officials saw the need for further interest rate hikes in 2023, given the above-target inflation and labour market resilience. Next, the US Bureau of Labor Statistics published the private sector jobs data, which showed 209,000 jobs were added in June, below the market expectation of 225,000. May's increase of 339,000 also got revised lower to 306,000. The weaker-than-expected rise in private sector jobs was positive, but the unemployment rate edged lower to 3.6% from 3.7% and the annual wage inflation stood unchanged at 4.4%, compared to analysts' estimates of 4.2%, pointing to still tight labor market conditions. These events sharply pushed 10-year Treasury yields above the 4% threshold and weighed on gold prices, which traded in the early-$1900s.

Fixed income instruments are a series of cash flows. They carry a fixed rate of return and maturity period. Fixed income securities are issued by both, government and private companies.

Japanese shares slid on Wednesday to their biggest one-day percentage drop this year, as caution prevailed across Asia after a surprise cut on the U.S. credit rating weighed on sentiment. Japan's benchmark Nikkei average closed down 2.30% at 32,707.69 in its sharpest one-day drop since Dec.