Sebi on Tuesday exempted Mehta Family Trust, held by Bollywood actor Juhi Chawla and industrialist Jay Mehta, from making an open offer for the proposed indirect acquisition of shares and voting rights in Saurashtra Cement Ltd. The proposed transaction involves Jay Mahendra Mehta transferring his 49.99 per cent stake in Galaxy Technologies Pvt Ltd to […]
(Bloomberg) — An unprecedented transfer of wealth in the coming decades is likely to disproportionately benefit America’s most affluent families, boosting their fortunes by trillions of dollars, according to a July report from Visa Inc. Almost three quarters of those expected to inherit from Baby Boomers are already in the top 10% by household net […]
Earnings call transcript: Citigroup tops Q2 2026 estimates, shares fall
The dollar index (DXY00) is down by -0.55% today. The dollar is retreating today after US June consumer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the chances of a Fed rate hike at the FOMC meeting later this month to 12% from 43% on […]
Wheat is showing 3 to 5 cent losses across most contracts. The wheat complex was lower across the three exchanges. Chicago SRW contracts were fractionally to 5 cents lower on the day. Open interest was up 6,116 contracts on Monday. KC HRW futures were down 4 ¼ to 10 cents at the close. OI dropped […]
Are you feeling a little underwhelmed by AI’s transformation of the economy? The so-called “fifth industrial revolution” is supposed to wipe out half or even all of white-collar work and yet adoption is kind of begrudging, even optional for many workers. For those who have started using it, it kind of feels like homework a […]
Crude prices move lower after Trump backtracks on his 20% Reimbursement Fee !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
My husband and I had to cut short our holiday abroad after he developed a severe allergic reaction to a prescribed antibiotic, causing extensive sunburn and photosensitivity. On medical advice, we returned to India earlier than planned and incurred additional expenses for rescheduling our flights. We both had separate travel insurance policies and filed trip […]
JPMorgan’s Kinexys platform is expanding its blockchain-based deposit network to include five additional currencies: the Australian dollar, Hong Kong dollar, Japanese yen, Chinese renminbi, and Singapore dollar. It already supports euro, pound, and dollar transactions, enabling on-chain foreign exchange across major global currencies. The expansion will give financial institutions and global companies the ability to […]
Federal Reserve Chairman Kevin Warsh pledged Tuesday to “get monetary policy right” and defeat the inflation that has bedeviled the central bank for the past five years. In remarks for delivery to separate congressional panels this week, Warsh reiterated his recent tough talk on inflation, while also touting the strength of the U.S. economy and […]