Business
20499 articles
Nepal flash floods trigger Gandak alert in Bihar; several districts at risk
The districts facing the most immediate risk in Bihar include West Champaran, East Champaran, Gopalganj and Saran, which are directly or closely connected to the Gandak river system. Authorities have also placed Muzaffarpur and Vaishali under heightened vigilance.
Capital Group sells 1% stake in D-Mart for Rs 2,537 crore
Capital Group divested a 1.04 percent stake in Avenue Supermarts for Rs 2,537 crore. This significant open market transaction involved selling over 67 lakh equity shares of D-Mart's parent company. The shares were offloaded at an average price of Rs 3,750.58 per share. Avenue Supermarts' stock experienced a slight decline following the divestment announcement. The company recently reported an 11.33 percent rise in its June quarter net profit.
Fed seen a bit more likely to hike after inflation data
US inflation data showed a slight increase in July. The personal consumption expenditures price index rose to 3.7 percent. Core inflation remained unchanged, indicating persistent underlying pressures. This data strengthens the argument for a Federal Reserve interest rate hike. Traders now anticipate a higher probability of a September rate increase.
US Fed rate hike bets rise after inflation edges up to 3.7%, higher than expectations
US inflation data showed a slight acceleration, challenging hopes for easing price pressures. The personal consumption expenditures price index rose 3.7% annually in July. Core inflation remained unchanged, indicating persistent underlying price pressures. This data increases the likelihood of the Federal Reserve raising interest rates soon. Markets now anticipate a higher probability of a September rate hike.
Iran, Oman strike Hormuz revenue deal; Tehran warns US must meet demands to reopen waterway
Despite the progress with Oman, Iran said the agreement is being delayed because of US opposition. Mohebi accused Washington of obstructing the process and warned that Iran would not reopen the waterway unless the United States accepts Tehran's demands.
India, Japan seek deeper startup, deep-tech cooperation; Goyal pitches $1 billion fund and capital corridor
India and Japan are formalizing a deep-tech alliance through a proposed four-pillar framework, backed by a planned $1 billion Indian fund of funds. The initiative leverages India's scaling talent and Japan's capital and manufacturing expertise to build long-term supply chain partnerships.
US stocks today: US stocks slip at open after inflation data; Nvidia in focus
US stocks opened lower on Wednesday after hotter-than-expected inflation data strengthened expectations of another Fed rate hike this year. The Dow, S&P 500 and Nasdaq fell at the open as investors awaited Nvidia's earnings, closely watched for fresh clues on AI demand and the broader tech rally.
US stocks today: US stocks subdued as hot inflation lifts rate hike bets ahead of Nvidia results
US stocks traded flat as investors awaited Nvidia's earnings and assessed hotter-than-expected inflation data. July inflation rose 3.7%, lifting bets on a September Fed rate hike. The Dow slipped 0.04%, while the S&P 500 edged up 0.03% and Nasdaq fell 0.06%, keeping markets cautious.
Nepal flash floods: Did earthquakes trigger the avalanche that left at least 22 dead and hundreds missing?
At least 22 killed and hundreds feared missing after an avalanche of ice and rock triggered deadly flash floods in Nepal. Rasuwa and Dhading districts have been worst hit by the flood.
Meta agrees to $16.68 billion settlement with 29 US states over child data collection, teen ‘addiction by design’
Meta Platforms has settled claims from US states, accused of creating Instagram and Facebook to foster children’s dependence and misleading users about safety. This agreement concluded a significant federal trial concerning social media's impact on minors.
Denmark, India deepen maritime ties, eye shipbuilding and naval technology collaboration
The two countries are working on a feasibility study to identify opportunities in naval and commercial shipbuilding, followed by a targeted programme to deepen Danish companies' presence in the Indian market.
Sensex, Nifty End Higher on Monthly Expiry as Oil Prices Fall; Nifty Reclaims 24,300
The Sensex rose 287 points to 77,656, while the Nifty 50 gained 116 points to 24,335 on the monthly expiry day. Falling crude oil prices and buying in heavyweight stocks supported the market, although geopolitical tensions and elevated oil prices continued to keep investors cautious.
Shein’s Fall From Fast-Fashion Star to $27 Billion IPO
Shein’s journey from a nearly $100 billion private valuation to an approximately $27 billion Hong Kong IPO highlights the challenges facing the fast-fashion giant. Slowing growth, US tariff changes, fierce competition and regulatory and environmental scrutiny have all contributed to the sharp decline in its valuation.
Shein’s Fall From Fast-Fashion Star to $27 Billion IPO
Shein’s journey from a nearly $100 billion private valuation to an approximately $27 billion Hong Kong IPO highlights the challenges facing the fast-fashion giant. Slowing growth, US tariff changes, fierce competition and regulatory and environmental scrutiny have all contributed to the sharp decline in its valuation.
BSE, NSE impose over Rs 59 lakh penalty on NTPC, SJVN, REC for non-compliance
The BSE and NSE have imposed financial penalties exceeding Rs 59 lakh on three public sector power companies: NTPC, REC, and SJVN. The fines are due to violations related to board composition listing regulations. In their defense, the companies argue that the appointment of directors falls under presidential powers. They are currently seeking waivers for these penalties.
Job postings rose 1.2% in July after three-month decline, but new study flags IT hiring slowdown
India’s job market is showing signs of recovery, with job postings rising in July after three months of decline. But the latest data reveals a shift in where hiring demand is building—and where it is weakening. AI is also changing what employers look for.
