Investors may want to consider hedging their emerging market plays, according to one exchange-traded fund expert. Ben Slavin, global head of ETFs and managing director at BNY, said that while there have been notable inflows into Indian, European and Japanese ETFs, investors should account for the strength of the U.S. dollar. “You have to look…
The draft guidelines aim to protect consumers from invasive and unauthorised marketing. (Representative image) Consumer Affairs Ministry sought public comments until July 21 on draft guidelines to curb unsolicited and unwanted business communications The Consumer Affairs Ministry on Thursday sought public comments until July 21 on draft guidelines to curb unsolicited and unwanted business communications…
Check out the companies making the biggest moves midday: Accenture — Shares popped 7.3% after the consulting company reported more than $900 million in generative artificial intelligence bookings for its third quarter, bringing the total to $2 billion for this fiscal year. Gilead Sciences — The biopharma stock surged 7.7% after the company said a…
The Indian rupee experienced a significant drop on June 20, Thursday, plunging by 17 paise to hit a two-month low of 83.61 per dollar. This decline occurred despite robust buying activity in the capital market. The domestic currency’s fall is part of a broader weak trend for the rupee, exacerbated by dollar strength, Chinese Yuan…
Check out the companies making headlines before the bell: Accenture — The tech stock jumped 8.6%. While Accenture missed earnings and revenue expectations in its latest quarter, according to FactSet, the information technology company posted more than $900 million in new generative AI bookings. Trump Media & Technology Group — Shares tumbled nearly 12% after…
As of June 20, the average retail price of wheat stood at Rs 30.99 per kg, up from Rs 28.95 a year ago. Prices of wheat and wheat flour have increased by up to Rs 2 per kg from a year ago, according to the official data The government on Thursday said it will undertake…
New York Gov. Kathy Hochul. Lev Radin/Anadolu Agency via Getty Images New York is launching a program offering homeowners up to $14,000 in total rebates for energy-efficiency upgrades to their property, and more states are expected to follow suit by summer’s end. The rebate programs are part of the federal Inflation Reduction Act, the largest…
Finance Minister Nirmala Sitharaman on Thursday chairs the third Pre-Budget consultation with industry leaders and associations in connection with the forthcoming Budget 2024-25 in New Delhi. Sanjeev Agrawal, president of PHDCCI, recommends status quo on the corporate tax rate at 22 per cent for existing companies and 15 per cent for new manufacturing companies Industry…
Elon Musk, co-founder of Tesla and SpaceX and owner of X Holdings Corp., speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California. Apu Gomes | Getty Images Shares of Dell Technologies and Super Micro Computer jumped Thursday after Elon Musk revealed that the two hardware…
India’s future unicorns are currently worth $58 billion, with an increase of 1.8 per cent as compared to last year. There are 67 unicorn start-ups, 46 gazelles and 106 cheetahs in India currently, according to the ASK Private Wealth Hurun India Future Unicorn Index 2024 There are 67 unicorn start-ups, 46 gazelles and 106 cheetahs…
