Wellness Financial News

Fashion and jewellery retailers are hopeful that festivals and the wedding season in the second half of the year will create more demandas discretionary spending has been subdued, reported TOI. A good monsoon, which gives cash to the people employed in the agricultural sector, is also expected to boost consumption. There was a rise in consumption towards the end of March quarter but full recovery in demand still remains. The mass segment has been impacted the most as there has been a slowdown in spending from the lower income households. The premium segment continues to do well.

Fresh meme-stock mania took center stage on Wall Street this week just as the world’s biggest equity market closed out another blistering quarter. Yet behind the scenes, softening economic growth is testing bullish investor convictions, while fueling big divides between the strong and the weak across Corporate America.

Abheek Barua, Chief Economist, HDFC Bank, says there is a laundry list of items that need to be addressed before we get on, and climb back onto that 8% to 9% sustainable growth path. We could have a one-off 8% or an 8.5% growth, but that is not what the steady state growth would be. I think the steady state would be closer to 7% to 7.5% in a good year. There has been a very interesting comment made by the RBI Governor recently that India is at the cusp of a structural shift as far as the economy goes and we could be moving towards a sustainable 8% kind of GDP growth. Do you think that 8% growth is sustainable? And is it realistic? And what would it take to achieve that kind of sustainable growth?

Chris Gayle is not willing to «write off» «special» player Virat Kohli despite his struggling form in the T20 World Cup. Kohli has been chasing the shadows of the player that he used to be for the Royal Challengers Bengaluru in the Indian Premier League 2024. Since touching down in the USA and the West Indies for the marquee event, Kohli has been searching for runs from his bat throughout the ongoing edition of the marquee event.

India head coach Rahul Dravid heaped praise on his team's consistency in making three finals of ICC tournaments, and this time, he is hopeful that luck stays on their side and they emerge victorious after falling short twice. In just about a year, the duo of Dravid and skipper Rohit Sharma will play their third final of an ICC tournament. Australia was present on both occasions to inflict heartbreak in the ODI World Cup and World Test Championship. But this time, as they look to find the perfect ending, India made sure that Australia wouldn't be there to spoil the party.

analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets. Inox Wind

Rajesh Palviya, Head-Technical Research, Axis Securities, says put writers are aggressive at 24,000 strike as well as 23,800 strike, and so these are the important levels on the downside to hold the market. If it holds the 24,000 level in the coming week, then this rally can extend higher, and the possible target for Nifty can be 24,400 also very soon. For Bank Nifty, 52,000 is the immediate support area based on the put concentration. The two levels – 52,000 as well as 51,800 – attracted more put writing in Friday's session also. If Bank Nifty crosses the 52,600 mark, then this rally can extend further towards 53,400 to 53,600. So, both indices are looking bullish at this moment; buy-on-dip should be your strategy. We have seen consecutive record highs on the benchmarks for the broader markets as well over the week. What sense are you making of these moves? Is this a too-much-too-soon kind of rally? Are you penciling in some kind of slowdown next week? What are the levels you are watching out for when it comes to the benchmarks?

If you’ve found yourself panicking about forgetting to do something before the week’s end, you likely forgot to make your nomination!

mutual evaluation report (MER) that the Financial Action Task Force (FATF) adopted at its meeting in Singapore recognised the Indian government's achievements in fighting money laundering and the funding of terrorism, the finance ministry said. «The MER adopted in the FATF plenary places India in the 'regular follow-up' category, a distinction shared by only four other G20 countries,» the finance ministry said in a statement on Friday. «This marks a significant milestone in the nation's efforts to combat money laundering (ML) and terrorist financing (TF).» The MER assessed the effectiveness of India's measures to combat money laundering, terrorist financing and proliferation financing, as well as its compliance with FATF norms, the intergovernmental body said in a statement on Friday. «India has reached a high level of technical compliance with the FATF requirements and its anti-money laundering and terrorist financing regime is achieving good results,» the FATF noted.

World Bank Friday approved a $1.5 billion loan to help India accelerate low-carbon energy development by promoting a market for green hydrogen as well as electrolysers and renewable energy penetration. The green financing will allow the country to scale up renewable energy and encourage finance for low-carbon energy investments, said World Bank India country director Auguste Tano Kouame. The bank's board of executive directors approved the second tranche of financing to support the country's low-carbon transition on Friday.

influential couple in the UK. They are not the most powerful people at least according to Tatler’s 2024 Social Power Index. Newly married Duke and Duchess of Westminster, who tied the knot in a lavish ceremony, have replaced the King and the Queen in this year's list. There are many other people on the list, and most of them are unexpected.

William Shaw says he has learned his lesson after repeatedly being cited for illegally posting hundreds of signs promoting his suburban Detroit plumbing company

full scholarship to a US university, is now facing deportation. The youth faked his father’s death to get admission and a full scholarship to Lehigh University in Pennsylvania, according to Lehigh Valley News. This carefully orchestrated plan also included fabricating financial records and transcripts, as well as creating a fake email address resembling his headmaster's to generate false letters of recommendation. Anand admitted his tactics in a Reddit post titled «I have built my life and career on lies.» Although he did not divulge his identity, another astute Reddit user conducted a background check and identified him.

Tamil Nadu assembly on Friday unanimously passed a resolution against the National Eligibility-cum-Entrance Test and urged the Union government to scrap the test. The resolution called for state governments to be allowed to undertake medical admissions based on class 12 marks, as was done before NEET was introduced. The resolution was introduced by chief minister MK Stalin. The resolution was passed with support from legislators from the ruling alliance parties, including MMK, DMDK, TVK and the CPI(M), as well as PMK, amid a boycott by BJP. The resolution also nudged the Union government to approve a bill passed by the House in 2022 seeking exemption from NEET for students from the state. Abolition of NEET has also been one of MK Stalin's and the DMK's election promises.

Rohit Sharma.Former Indian skipper Sourav Ganguly, who captained India in the ICC tournaments in 2000, 2002, and 2003, said he doesn't want to advise Rohit.Speaking at an event in Kolkata on 28 June, Sourav said, as quoted by ANI, "I don't want to advise him. I captained India in three tournaments, and I lost two. In one, I was the joint winner so I don't want to advise him anything and just wish him the best of luck."Apart from this, Ganguly lauded Rohit and Co.

By Julie Cazzin with Allan Norman

India on Friday said it opposes unilateral actions seeking to change the status quo by force in South China Sea amid concerns over China's escalatory moves against the Philippines' maritime operations in the region. Tensions between China and the Philippines escalated following an incident of violent clash between their maritime security personnel few days back in the South China Sea. «We have always emphasised on adherence to international law, respect for the rules-based order, and resolution of disputes in a peaceful manner,» external affairs ministry spokesperson Randhir Jaiswal said. «Other than that, we also believe that there should not be any incident or approach that destabilises the region,» he said.

Finra has issued a reminder to member firms regarding their regulatory obligations when incorporating generative AI and similar tools into their operations.

Leader of Opposition in Rajya Sabha Mallikarjun Kharge on Friday said he was forced to step in the Well of the House as Chairman Jagdeep Dhankhar did not allow him an opportunity to speak even as he raised his hand for a long time. Blaming the Rajya Sabha Chairman for the incident, Kharge said that he went to the Well to get his attention. The remarks came as in a rare occurrence, Kharge, the Congress president, stepped in the Well of the House along with other opposition MPs as they were demanding a discussion on the NEET issue. Kharge told reporters outside the Parliament that he raised his hand for a long time and waited for the Chairman to notice him, but his focus was on the treasury benches.

Dhankhar on Friday expressed anguish over Leader of the Opposition Mallikarjun Kharge trooping into the Well of the House during an opposition protest, saying it is for the first time that a person occupying the post has engaged in such conduct. On Friday, the House witnessed three adjournments due to protests and sloganeering by the opposition. Soon after laying of the listed papers on the table of the House during the morning session, Dhankhar informed that he has not accepted 22 notices by the opposition leaders to suspend the scheduled business of the day and take up discussion on the alleged irregularities in the NEET. This led to protest by the MPs of the opposition parties. They started raising slogans and several of them entered into the Well, leading to adjournment of the proceedings.

inflation is cooling, news that helped ease doubts over how well monetary policy is doing its job after stronger-than-expected price increases earlier in the year. But while progress on a month-to-month basis is increasingly clear, the road to the Fed's 2% inflation goal — measured in year-over-year terms — is likely to be long, complicating discussions about when to cut interest rates. «We are getting evidence that (policy) is tight enough,» San Francisco Federal Reserve Bank President Mary Daly told CNBC in an interview just minutes after a Bureau of Economic Analysis report showed inflation did not rise at all from April to May. «It's really challenging to look anywhere and not see monetary policy working: we have growth slowing, spending slowing, the labor market slowing, inflation coming down.»