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Budget expectations: Finance Minister Nirmala Sitharaman will begin consultations on Wednesday, ahead of the new government’s first full budget, to be presented in July. India Inc has suggested a host of reforms, including medium-term ones, to catapult the economy to a higher growth trajectory, spur employment creation, trigger private investments and preserve macro stability. A look at their wish list: 1. SUSTAIN GROWTH:

In the crypto space, South African investors and traders are faced with a big choice difference between two comparable heavy-hitter exchanges: VALR and Luno. Both crypto exchanges provide users with a plethora of unique features tailored to both newcomers and veterans, but yet, each has its advantages and downsides.

Australian Broadcasting Corporation (ABC) on "Indian spies" and the Modi government's «infiltration» in Australia has uncanny similarities with «revelations» made in the report of Canadian Broadcasting Corporation (CBC) which also made similar allegations. The ABC report claimed that the Sikh diaspora and their families in India have been «coerced» by Indian authorities and that the Australian government while expanding ties with India is worried about «Indian spies» on its soil. The ABC report also refers to the Hardeep Singh Nijjar case and the Canadian government's accusation against India. «As the federal government embraces Narendra Modi and his administration as an important partner, the long arm of the Indian state is reaching Australia, silencing critics and threatening members of the diaspora… In 2020, India-Australia relations seemed better than ever. Trade deals were blossoming and a range of defence alliances were being signed in response to China's growing power in the region. In secret though, Australia was unhappy with India's spy operations in the country,» alleged the ABC report titled 'Infiltrating Australia', published on June 17.

Hezbollah movement, US envoy Amos Hochstein said on Tuesday, following an escalation in cross-border fire between the foes along Lebanon's southern frontier. Iran-backed Hezbollah has been trading fire with Israel for the last eight months in parallel with the Gaza war. Last week, the group fired the largest volleys of rockets and drones of the hostilities so far at Israeli military sites, after an Israeli strike killed the most senior commander yet. Hochstein, special envoy to US President Joe Biden, said he had been dispatched to Lebanon immediately following a brief trip to Israel because the situation was serious. «We have seen an escalation over the last few weeks. And what President Biden wants to do is avoid a further escalation to a greater war,» Hochstein said on Tuesday.

workers engaged in cutting and polishing of lab-grown diamonds (LGD) in Surat are facing delays in getting their wages and uncertainties about their jobs, with a fall in the prices of these man-made gemstones affecting the revenue of the units employing them. As LGD prices are falling and export demand is not picking up as expected, wages are getting delayed by 20 days every month, according to the workers' union. Exports fell in value in 2023 but grew in volume, industry executives said. Last calendar year, exports of polished LGDs from India increased more than 50% in volume terms to 6.45 million carats, compared with 4.28 million carats in 2022. This year, volume growth too has slowed down. More than volume, value is falling which is a matter of concern. In 2024, value of lab-grown diamonds has fallen 45% compared with calendar 2023.

The SEC has barred a former Fifth Third advisor who violated his clients’ trust by secretly funneling hundreds of thousands of dollars of their money into failed options trades.

Stocks that are trading heavily or have substantial price changes on Tuesday: Chegg, Six Flags rise; Lennar, America’s Car-Mart fall

The NSE Nifty 50 rose 0.39% to finish at 23,558, while the S&P BSE Sensex settled 0.40% higher at 77,301.

Global investors are likely to keep pumping money into record-hitting stock markets, according to a survey by Bank of America Corp.

onion prices in the domestic markets have almost doubled in the last one month, said trade sources who met commerce minister Piyush Goyal in the capital on Tuesday. «The government is in the mood to observe the movement of onion prices for a couple more weeks before it takes any decision on the export duty,» said an onion trader, who requested not to be identified. The average rate of onions at the benchmark Lasalgaon APMC was Rs 28/kg on Tuesday, up 40% during the last 15 days and double of what it was exactly a month ago.

₹79,927 trillion at the end of March, NSE data show.Sebi is now considering a series of tweaks to its derivatives trading rules, including higher margins for selling options contracts and more detailed disclosures.Also read | Why Sebi’s reviewing the eligibility criteria for derivatives tradingLast month, finance minister Nirmala Sitharaman alluded to an unchecked explosion in retail trading of futures and options, saying it could create challenges not just for the markets but for investor sentiment and household finances as well.Das on Tuesday said the last mile of the disinflationary process was proving to be sticky owing to 'stubborn' food prices. But he added that it was "too premature" to change the monetary policy stance and that the apex bank had to shun an "adventurism" approach on the rates front.Also read | The MPC has done well to keep policy interest rates unchanged"The disinflationary process is facing a lot of resistance from food inflation which is stubborn and high, primarily due to supply-side factors affected by weather conditions," he said.RBI's monetary policy committee kept its rates and stance unchanged in its June policy.

Sen. Elizabeth Warren, D-Mass., is accusing Federal Reserve Chair Jerome Powell of doing the financial industry's bidding by considering changes to a sweeping set of regulations aimed at boosting the capital cushion that large American banks would be required to hold.

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In its annual results published today (18 June), AWEM reported a net asset value total return of 11.8% for the period between its listing on 15 March 2023 and 31 March 2024. This compared to a 7.9% return from its benchmark, the MSCI Emerging Markets index. Chair Martin Shenfield commended the trust's investment manager, Acorn Asset Management, for its bottom-up stock selection approach which has been a «key driver of performance», despite the challenges faced by emerging markets over the period. He explained the approach supported the manager's «overweighting of mid- and small-cap st...

Also Read: Defence stocks surge up to 20% with Paras Defence, HAL, Garden Reach Shipbuilders, Mazagon Dock at record highsWith political stability and consistent policy frameworks in place over the last decade, India has emerged as a favored investment destination for global funds, despite its relatively high valuations. During this period, the Nifty 50 index has surged by over 210%.Prime Minister Modi’s ambition of making India a developed country by 2047 should continue focusing on infrastructure, Make in India, energy self-reliance, defence, etc.

Paytm, witnessed a 3 per cent downfall during Tuesday's trading session. This decline occurred amid ongoing discussions with food delivery giant Zomato regarding the potential sale of its movie ticketing business.During intraday trading on the NSE, Paytm shares fell to a low of ₹411 apiece, marking a 3.31 per cent decline from the previous closing price.

Vedanta Ltd share price has risen 76% year-to-date. The rising base metal prices as that of Aluminium Zinc and others have led to improved revenue visibility for the Vedanta Ltd. The Aluminium on the London metal Exchange that were close to $2150 a tone in mid January are now trading at close to $2500 a tonne.

Heritage Foundation public finance economist EJ Antoni joins The Bottom Line to discuss Aprils jobs report falling short of economists expectations and the labor force participation rate.

Shares of Exide Industries Ltd.(up 4.12 per cent), Samvardhana Motherson International Ltd.(up 3.27 per cent), Bosch Ltd.(up 3.26 per cent), Balkrishna Industries Ltd.(up 3.25 per cent) and Apollo Tyres Ltd.(up 1.76 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 92.31 points up at 23557.9 amid buying in frontline bluechip counters.

U.S. listed spot Bitcoin exchange-traded funds (ETFs) have experienced significant outflows, with a total net outflow of $726 million since the Federal Open Market Committee (FOMC) meeting.