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Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

As more older Americans navigate financial uncertainty, a significant chunk of the workforce is opting to gradually transition into retirement, according to a recent survey by WTW.

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down gap resistance of August 2 around 24,960. Hence, one may expect the index to move towards 24,960 and 25,100 levels in the next one week. Immediate support is placed at 24,650 levels, said Nagaraj Shetti of HDFC Securities.

Manoj Bajpayee and his wife Shabana Raza Bajpayee have sold an under-construction premium residential apartment in Mumbai’s Mahalaxmi locality for Rs 9 crore. The apartment on the 47th floor of one of the wings of the upcoming tower on Boricha Marg is spread over 1,247 sq ft. The owner of the apartment will also get exclusive access to two car parking slots. The deal has attracted stamp duty of Rs 54 lakh and the same was registered on August 16, showed the documents accessed through IndexTap.com.

Lounge, Rawal and Bajaj talk about the creative alliance, the idea behind it and why fashion designers entering the space of luxury living is a good idea. Edited excerpts: Kunal Rawal: Boheim's commitment to bringing old-world charm in the 21st century, their dedication to showcasing Indian craftsmanship, and ability to infuse a sense of quirkiness into their projects, resonated with our own approach to bespoke artistry. When we design a collection, we focus on telling a story that is rich in detail, and that respects the brilliance behind every stitch.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 3.1 per cent to Rs 4868.0 in Wednesday's trade. It hit a high of Rs 4881.0 and low of Rs 4744.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3979.18, while the 50-DMA was at Rs 4650.57. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Tata Elxsi Ltd. gained 0.61 per cent to Rs 6967.8 in Wednesday's trade as of 11:46AM (IST). It hit a high of Rs 6994.3 and low of Rs 6917.0 during the session. The stock quoted a 52-week high price of Rs 9191.1 and a low of Rs 6406.6. The return on equity for the stock stood at 31.61 per cent. About 1,609 shares have changed hands on the counter so far.

Suzuki Motor Corporation (SMC), the company's majority shareholder, confirmed this move, as per the Business Standard report.Livemint could not independently verify the news development.“We are currently adjusting production to reduce market stock and are closely monitoring demand trends. India will be in a critical period with the upcoming festival season, so we will closely monitor demand trends," Suzuki Motor Corporation told analysts in a conference call, Business Standard reported quoting the transcript of the call.Despite a 7.4 per cent year-on-year increase in production to 496,000 units during the first quarter, sales growth lagged significantly, rising by only 1.2 per cent to 427,000 units, according to the Business Standard report.This slowdown in car sales has sparked concerns throughout the Indian auto industry, accumulating unsold vehicles at dealerships.

Indian rupee depreciated by 7 paise to 83.84 against the US dollar in early trade on Wednesday, tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak American currency and lower crude prices, however, supported the local unit and prevented its sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 83.79 and lost further to 83.84 against the greenback, declining 7 paise from its previous days' closing level of 83.77.

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After surpassing $9 million on August 16, Pepe Unchained ($PEPU) has added another $600,000 in just three days to bring its total funds to over $9.6 million.

Predictions for the Bitnance (BTN) token presale have been released. Now being sold for $0.35 in its official ICO [initial coin offering], the crypto exchange listing day price is set to be $0.465. A +30% short term gain, the healthy amount is miniscule compared to a long-term prediction just released via a simple analysis, causing discussion on reddit.

The NSE Nifty 50 index climbed 0.51% to 24,698, while the S&P BSE Sensex gained 0.47% to close at 80,802.

The asset management space stands at a crucial inflection point as firms reckon with a growing complexity from economic, technological, and market crosscurrents, according to the latest annual global survey report from the Index Industry Association.

IPO) of Orient Technologies will open for subscription on Wednesday. Ahead of the issue opening, the company's shares are commanding a healthy GMP of Rs 55. The company has priced the IPO in the range of Rs 195-206 apiece, and if we consider the upper price band, the shares are trading with a premium of 27% to the issue price.

Hyperbaric oxygen therapy (HBOT) has recently caught the attention of celebrities like Mayim Bialik and Justin Bieber, sparking curiosity about its potential health benefits and role in reversing aging. The therapy, which involves breathing 100% pure oxygen in a pressurized chamber, has long been used for medical purposes but is now gaining popularity among the rich and famous for its supposed anti-aging properties. However, experts caution that while it may offer some benefits, it is not a miracle cure, as mentioned in a USA Today report..

Geojit Financial Services announced the launch of its flexi cap portfolio PMS fund, BEACON, offering a unique blend of stability and growth potential by investing across all market capitalizations and thus helping in wealth creation for the investors. The BEACON Fund is engineered to provide investors with seamless exposure to companies of all sizes, from largecap stalwarts to promising midcap and smallcap growth stories. This approach ensures a balanced portfolio that captures the full breadth of market opportunities.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

NPAs) from both corporate as well as private sector and increased competition from the government backed National Asset Reconstruction Co Ltd (NARCL) will lead to fall in assets reconstruction companies' (ARCs) AUM this fiscal, a report by Crisil Ratings said. Assets under management (AUM) of ARCs, as measured by security receipts (SRs) outstanding, is expected to fall by 7% to 10% this fiscal as acquisitions will trend lower, while redemptions, which have strengthened in recent years, are likely to remain healthy. SRs are issued by ARCs while buying NPAs from banks and NBFCs. These are redeemed when the ARC manages to recover from the defaulter. CRISIL estimates private ARC AUM at Rs 1.2-1.25 lakh crore by the end of fiscal 2025, down from Rs 1.35 lakh crore the previous fiscal. ARC AUM has risen consistently from Rs 1.08 lakh crore in fiscal 2020 to Rs 1.35 lakh crore in March 2024, Crisil data shows.