Wellness Financial News

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown this month

Boeing has a new chief executive

Nirmala Sitharaman Wednesday said the budget seeks to strike a fine balance among several overriding priorities and will provide impetus to local manufacturing, boost employment and raise India's share in global growth. «Growth, employment, welfare spending, capital investments, and fiscal consolidation are given equal place,» she said in Rajya Sabha.

Simone Biles and Shaquille O’Neal are two sport stars from US, who are well known for their respective fields. However, one thing that definitely sets them apart is their height, as a 7-foot-1 O'Neal looks gigantic beside a 4-foot-8 Biles, an picture of which has become a sensation yet again on social media.

WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to target, which could open the door for future interest rate cuts.

Indian economy looked so good to global analysts. Yet, complaints galore have followed the budget presentation. Why has it not combated weak consumption? Or weak private sector investment? Or weak employment?

The owners of twelve Pennsylvania casinos are asking the state’s highest court to declare that a tax on slot machine revenue is unconstitutional because the state doesn’t impose it broadly on cash-paying electronic game terminals known as skill games t...

RIA aggregator Focus Financial appears set for a new chapter in its development as it elevates a key contributor to its intra-network consolidation strategy to C-suite status.

MB Patil onWednesday said Toyota Kirloskar Motor (TKML) setting up a plant in Maharashtra was part of its diversification plans and it should not be viewed as a flight of capital.

Weather is a common component of small talk, but few advisors would prioritize it in a retirement planning conversation with their clients. That could be a mistake.

O'Leary Ventures Chairman Kevin O'Leary reacts to the Biden administration’s latest claim that corporations are the cause of sky-high inflation on 'Varney & Co.'

Gaurav Dua, SVP, Head — Capital Market Strategy, Sharekhan By BNP Paribas, says consumer is a structural story. What you are going to see is that the household income is going to more than double over the five to eight years in India and that is the space where we see that there are going to be lot of multi-baggers that will be available at the right price for the investors. Let us start with the unsecured lending side of the business. UGro, Five-Star, SBFC, have been doing very good numbers in the last few quarters. I am seeing some of them flow out in this quarter as well. But the fear is that asset quality may come at risk now and hence the valuations have got depressed in that area. Is it an opportunity to build in portfolios or will you still stay away from this side? Gaurav Dua: The fact that some of the states have already started to announce farm loan waivers is something which is like this concerning the market because if you are exposed to the microfinance industry or you have a high exposure to this unsecured loan, this basically spoils the whole borrower attitude, basically. This has been one of the risks. In the case of private sector banks, cost of funds are likely to go up and that is an additional concern about these NBFCs.

Of late, there have been many discussions on how much spending or ostentation is “too much" for a rich person. And the views are polarized along, “It is bad/ immoral/ unforgivable to spend so much when most of your fellow citizens need free food" to “It is their money and how they spend it is no one else’s business." Without getting moralistic, the question is whether there a way or framework to think about this in pure economic terms? That is what I attempt to do in this piece.

Amazon Prime Video’s “Like a Dragon: Yakuza,” which premieres in October, has all the glorious fare of a classic mobster story — bloody fistfights, beautiful women, expensive cars, muscle and flashy suits

Dinshaw Irani, CEO, Helios Mutual Fund, says they have not been very adventurous in their shopping list and instead been fairly cautious. They have moved away from midcaps to a larger extent as they believe that midcaps are fairly overpriced. Helios is okay with the largecaps though given that they are still at a PE of some 21-odd forward earnings which is fairly reasonable given the kind of growth seen in the largecaps. In the smallcap space also, they are being cautious. What is your market view? We can endlessly argue that markets should go down, but the fact is they are up. What does that indicate? Dinshaw Irani: Look at what the earnings are doing. If you look from March quarter onwards, there has been roughly around a 5% cut in earnings on the Nifty or the indices as such, roughly 5% across both the broader indices and the narrow indices. And what has the market done? It has gone up 11%. Even this quarter I think roughly around 28 odd companies have reported in Nifty and the earnings growth is 3%.

Gautam Gambhir praised India for pulling off a tenacious Super Over win in the low-scoring third T20I against Sri Lanka for a series whitewash, but called for consistent improvement on pitches assisting sharp turn. In a contest delayed by an hour due to rain here on Tuesday, India struggled against both spin and pace on a fresh pitch to make a mere 137/9.

Avenue Supermarts Ltd. slipped 1.28 per cent to Rs 4953.0 in Wednesday's trade as of 12:23PM (IST). It hit a high of Rs 5099.85 and low of Rs 4950.7 during the session. The stock quoted a 52-week high price of Rs 5220.0 and a low of Rs 3493.05. The return on equity for the stock stood at 13.56 per cent. About 4,552 shares have changed hands on the counter so far.

aurora borealis this week.The U.S.’s National Oceanic and Atmospheric Administration (NOAA), which tracks space weather events, is anticipating that the northern lights will be visible as far south as Oregon and the U.S. Midwest, putting Canada right in the path for a spectacular light show.The peak of the solar storm is expected to come Tuesday night.

OpenAI is starting to roll out an advanced voice mode to a small group of ChatGPT Plus users, the Microsoft-backed artificial intelligence startup said on Tuesday in a post on X.

Reserve Bank of India (RBI) will keep interest rates steady for a ninth straight meeting in August due to persistently high inflation, with a slim majority of economists in a Reuters poll expecting the first rate cut next quarter.

The popular deli meat company Boar's Head is recalling an additional 7 million pounds of ready-to-eat products as an investigation into a deadly listeria outbreak continues