Wellness Financial News

Investing.com-- US stock futures fell marginally Friday, handing back some of the previous session's gains, as investors digested recent inflation data as well as quarterly corporate earnings.

Stocks finished the day higher, with some wild moves in the final minutes on a $4.1 billion buy imbalance, sending the Nasdaq 100 up almost 1% and the S&P 500 up about 50 bps.

Reliance's media assets in India could spark intense antitrust scrutiny over their market power, with lawyers flagging concerns that the combined entity's strong portfolio of cricket broadcast rights could impact advertisers. The Disney-Reliance $8.5 billion merger would create India's No. 1 TV player with 120 channels, with local rival Zee closest with 50. Analysts at India's Ambit Capital estimate the entity, to be majority owned by billionaire Mukesh Ambani's Reliance, will have a 35% share of India's TV viewership.

FOX Business’ Kelly O’Grady provides analysis of the U.S.’s inflation data as the Federal Reserve continues to grapple with a smooth economic recovery.

Rihanna exiting the Jamnagar airport went viral on social media, and the users were quick to remember how she shared a CNN story linked to the 2021 farmers' protest in New Delhi and captioned it as “Why aren’t we talking about this?" The farmers from various states of India launched a protest against the three farm laws introduced by the Union Government in September 2020. Fearing that the implementation of the law might reduce the incomes of the farmers and even create supply chain bottlenecks, a number of farmers' unions in India joined the protest.

₹2000 banknotes in circulation as on May 19 last year have already been returned, said the Reserve Bank of India (RBI) in an announcement made on Friday. Besides, the total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the time of withdrawal in May last year, has now fallen to ₹8,470 crore on February 29, 2024, the announcement further states. For the unversed, the banking regulator had announced the withdrawal of ₹2000 denomination banknotes from circulation on May 19, 2023.

₹8,213 crore with a profit after tax of ₹555 crore. Trent operates multiple formats such as Zudio, apart from a supermarket concept operating under the Star brand. Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings and decor.

Electronic Arts is cutting about 5% of its workforce, or approximately 670 employees, as layoffs in the technology and gaming sector continue after a surge of hiring in recent years

The Environmental Protection Agency said Thursday it is delaying planned rules for existing natural gas plants that emit harmful air pollutants and contribute to global warming

In a joint letter to The Times, the signatories said the introduction of a British ISA in the Budget, replacing the existing ISA, would be «a simple, powerful and easily implemented solution to kickstart the revitalisation of the UK equity market». The letter's signatories included Liontrust Asset Management's CEO John Ions, Gresham House managing director Ken Wotton, head of Downing Fund Managers Judith MacKenzie, Octopus Investments fund manager Richard Power and Peel Hunt CEO Steven Fine, as well as the House of Lords' Ros Altmann. Premier Miton calls for increased ISA allowance to...

Read here: India's Q3 GDP growth at 8.4%, beats D-Street estimates; economy grows at fastest pace in 6 quarters: 5 key highlights Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India believes FY24 GDP growth to be near 8%. “The third quarter GDP numbers jolted the psyche and cognitive framework of most in markets, while sweeping some by a pleasant surprise. Clearly, right policy prisms and perspectives can trump irrational expectations bordering fault lines.

In the latest Bitcoin price prediction, BTC’s price surged to $61,600, marking a 0.50% increase amid Asia’s trading session on Friday.

Harsha Upadhyaya, CIO-Equity, Kotak AMC, says it is definitely difficult to find value buys in this market, but there are several sectors which are likely to grow at a decent teens kind of earnings trajectory. Those are the names which will have potential to outperform the market. Maybe the volatility will increase, but still there is enough growth on the table. Upadhayaya further says: “It is not that mid and smallcaps will not give returns or correct a lot at this point of time, it is just that from a risk-reward perspective, it makes sense to have a little bit of tilt towards largecaps and that is what we have been suggesting to most of our investors.”

The initial public offer (IPO) of Mukka Proteins is getting solid response from investors even on the second day of the bidding process. The issue was booked 4.91 times so far, led by retail and NII bidding. Mukka Proteins IPO review Most analysts gave a subscribe recommendation for the IPO fr

Google has started de-listing some of the apps in India alleging that they were non-compliant with its Play Store policies, ET has learnt. Murugavel Janakiraman, founder and MD of Matrimony.com, which operates portals including BharatMatrimony said that Google took down five to six of its apps on Friday.

Delegating well is the six-pack of management: widely desired and harder to achieve the older you get. In theory, handing appropriate decisions off to people lower down the corporate ladder means greater satisfaction all round. Bosses get more time to concentrate on the issues that really deserve their attention.

MintGenie, he also shares the sectors that are likely to do well in the near future. He also highlighted that greater participation of retail investors in mutual funds is a positive trend, although there is still a long way to go with mutual fund penetration hovering around five percent only. The sectors that are likely to do well include hospitals, branded pharma, and power sector.

Pidilite Industries Ltd. traded 0.71 per cent higher in Friday's session at 12:27PM (IST). The stock opened at Rs 2750.0 and has touched an intraday high and low of Rs 2767.85 and Rs 2740.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 2804.0 and a 52-week low of 2275.0. About 10,841 shares changed hands on the counter so far.

Radhika Rao, Sr Economist & Executive Director, DBS Bank, says “if we look at the real GDP, I do not see any justification that the authorities might find to go too dovish too fast. Even this real rate gap that we all refer to, even that kind of loses the debate if this is the kind of growth momentum we are carrying. So, net-net, we will certainly wait for one more quarter of data. I think backward revisions need to be factored in and this kind of a gap between GDP and GVA in two quarters might normalise so that we might see real GDP adjust lower.” What is your first take of the completely divergent GDP number that has come in at 8.4%. What were you pencilling in? Radhika Rao: I think we were at about 6.8% for the real GDP and expecting the GVA to be about 6.5-6.6%. I think our GVA number is along what the print is, but the real GDP is certainly seeing a very strong upside surprise. In fact, we did a double take to see it was in fact, 8% plus! That means for the three quarters of the fiscal year, we are actually averaging about 8%, a massive upside surprise to the RBI's forecast, our forecast, as well as certainly what the advanced estimates were suggesting.

₹235.32 crore worth Platinum Industries IPO opened on February 27 and closed on February 29. Platinum Industries IPO share allotment is likely to be fixed today, March 1. Investors who have applied for the issue can check their Platinum Industries IPO allotment status online.

Indian Express has stated that Pandya committed to play for Baroda in the Syed Mushtaq Ali T20s and Vijay Hazare Trophy when he is not involved with the national team. Citing a senior BCCI official, the IE also reported that Pandya has affirmed his intention to maintain his partnership with Baroda in domestic tournaments whenever he is not on national team duty. “We have had discussions with Pandya, who has been told to play domestic white-ball tournaments when he is available.