Global investors are increasing stakes in Indonesia and Malaysia, expecting these markets to thrive as the Federal Reserve anticipates monetary easing. Strong fiscal policies and focus on tech sectors like electric vehicles and data centers are drawing funds to the region, overshadowing larger rivals India and China. Economic improvements are bolstering their appeal.
The Federation of All India Medical Associations plans to hold a peaceful protest at Jantar Mantar in New Delhi, demanding justice for a trainee doctor allegedly murdered and sexually assaulted at RG Kar Medical College in Kolkata. They are also seeking improved security measures for healthcare professionals nationwide.
Traders are leaning into bets with zeal even as serious questions linger about the economy and inflation — and how central bankers will respond. Before the Federal Reserve has even begun to act, bond markets have priced in a slew of rate cuts, measures of default risk are falling and surging equities reflect sure-thing bets the economy will boom.
Andhra Pradesh Hidden Camera News: A row erupted in Andhra Pradesh after reports of a hidden camera being found in a girls' hostel bathroom at Gudlavalleru Engineering College. Cops detained a student and found obscene videos on his laptop. The police are investigating and have formed a special team to probe the allegations.
Billionaire Warren Buffett's Berkshire Hathaway has sold $845 million worth of Bank of America shares, its top holding. Since July, Berkshire has unloaded over $6 billion in shares. Buffett had expressed confidence in the bank's CEO, Brian Moynihan. Bank of America shares have gained 21% this year, close to the S&P 500 Banks Index's 22.6% rise.
U.S. jobs numbers and the Federal Reserve's potential interest rate cuts dominate market discussions. France grapples with political turmoil post-Olympics, Germany faces regional elections, and Bank of Japan officials continue hawkish policies. African leaders head to Beijing for the Forum on China-Africa Cooperation, seeking financial commitments amidst rising Chinese lending.
A broadening rally in U.S. stocks offers an encouraging sign to investors, who are focusing beyond technology shares as markets await key jobs data and potential rate cuts from the Federal Reserve. The increased market breadth, reflecting investor interest in value stocks and small caps, signals optimism for earnings growth and profitability.
The Brazilian Supreme Court has ordered telecommunications regulator Anatel to shut down Elon Musk's social media platform X for failing to appoint a legal representative in Brazil. Justice Alexandre de Moraes imposed the order following a public feud with Musk over compliance with laws against misinformation. The shutdown could impact upcoming local elections.
India's GDP growth in the first quarter of FY25 has slowed to 6.7%, still above the decade average of 6.4%. The report by SBI highlights weak performance in agriculture and services sectors as factors. Nominal GDP, however, grew by 9.7%. Annual growth projections may be revised downwards to 7.0%.
US regulators on Friday cleared SpaceX to restart launching its stalwart Falcon 9 rocket, as a probe continues into a rare mishap this week during a first-stage booster landing. The Federal Aviation Administration (FAA) grounded the Falcon 9 rocket on Wednesday after a first-stage booster tipped over and exploded while attempting to land on a droneship off the Florida coast.
Paris Paralympics: India gave a commendable performance on Day 2 of the 2024 Paris Paralympics with four athletes bagging medals. Avani Lekhara won gold in women's 10m air rifle, Mona Agarwal secured bronze in the same category, Preethi Pal clinched bronze in the 100m T35 event, and Manish Narwal earned silver in men's 10m air pistol SH1.
Trump said school boards have become "like dictatorships" hostile to the desires of parents, echoing conservative frustration that bubbled over in public meetings during the COVID-19 pandemic.
The decision to declare badal 'tankahiya' was made by five high priests of the Shri Akal Takht on Friday. Reading the order, Jathedar (chief Priest)Raghbir Singh said that Badal, along with his partner Sikh Cabinet Ministers need to submit their written explanations within 15 days.
Kamala Harris is aiming to make history as America's first Black and South Asian woman president -- but she has not leaned into the prospect. Holland told AFP. Harris is also helped by the fact that she is already a known quantity as the first ever Black, female and South Asian vice president, even if voters are still getting used to her as a presidential candidate.
Despite directions from Trump to stop all aid to Pakistan till it stops giving safe havens to terrorists, McMaster in his latest book 'At War with Ourselves: My Tour of Duty in the Trump White House' says that the then Defence Secretary Jim Mattis was planning to deliver a military aid package to Islamabad that included over USD 150 million worth of armoured vehicles.
The personal consumption expenditures report came on Friday after Fed Chair Jerome Powell last week expressed support for an imminent policy adjustment. Economic data next week includes the Labor Department's August jobs report, due on Friday.
As OpenAI has built increasingly powerful artificial intelligence technologies, it has warned of their potential danger, and it is under pressure from lawmakers, regulators and others across the globe to ensure that these technologies do not cause serious harm. Some researchers worry that the AI systems could be used to spread disinformation, fuel cyberattacks or even destroy humanity.
The Nifty gained 0.3%, or 83.95 points, to close at 25,235.9. The Sensex rose 0.3%, or 231.16 points, to close at 82,365.77. Analysts expect the indices to gain up to another 2% on technical factors but warn against betting on one-sided moves in the near term amid continued concerns that parts of the market might be overheated. The outcome of the rate-setting meetings of US Fed and the Bank of Japan scheduled in September will determine the market direction next month.
The Center has disputed West Bengal Chief Minister Mamata Banerjee's claims regarding fast track special courts for rape cases. Union Minister Annapurna Devi clarified that the state has not operationalized additional Fast Track Special Courts dedicated to rape and POCSO cases, despite a significant backlog. She urged the state to fully implement central legislation for better handling of cases.
"Given the need to ensure that only high quality stocks with sufficient market depth are allowed to trade in derivatives segment and considering the growth witnessed in market parameters since the last review conducted in 2018, the eligibility criteria for entry and exit of stocks in derivatives segment has been revised," Sebi said in a circular on Friday.
The government's notification removes the limit that exists on the diversion of sugar for ethanol production. "Since ethanol is a high-yielding product, this removal of cap would help the sugar mills and distilleries to manufacture more ethanol and improve their revenue mix directly, which will improve cash flows and stabilize the sugar industry," said T Manish, research analyst, Samco Securities.