BUSINESS
Rising crude oil prices have negative impact on stock market
Rising crude prices positively impact oil exporters and negatively impact oil importing countries like India. Consequently, this depreciates the INR and leads to imported inflation, he said.
Historic closing high for Nifty above 20k
The Nifty 50 index climbed 75 pts to close at 200,70, while the S&P BSE Sensex rose 250 pts to close at 67,466. Thirteen of the 15 Nifty sectoral indices ended in the green in today's session.
OneCoin co-founder sent to 20 yrs in jail for multibillion-dollar fraud
The multibillion-dollar “Bitcoin killer” fraud pulled in $4 billion from millions of investors between 2014 and 2016, the US Department of Justice said in a statement.
More pain likely in small and mid-cap stocks
And, the fear of sharp correction in this space has finally happened with 4.10 per cent correction in the Nifty small-cap index and 3.07 per cent correction in the Nifty mid-cap index on Tuesday, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Qantas illegally fired 1,700 workers during Covid: Court
The country's highest court's ruling found that Qantas had breached Australia's Fair Work Act, which protects employee rights, reports the BBC.
Churchill's Old War Office to reopen as Hinduja's luxury hotel in UK
Raffles London at the Old War Office (OWO), which will open with 120 rooms and suites with luxury residences, restaurants and spas, had tied up with the Hindujas after the UK's richest Indian-origin group had acquired the building opposite Downing Street over eight years ago.
'Re-globalization' more promising than fragmentation: WTO
In the 2023 edition of the "World Trade Report", the trade organization presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development.
It appears that Jet Airways founder Naresh Goyal was evasive: Mumbai court
Noting that the statement of Goyal recorded by the ED indicated that he gave some evasive answers during questioning, the court extended his custodial remand till September 14.
Pratt & Whitney to inspect '700 engines by 2026', IndiGo seeks aircraft leases
Meanwhile, IndiGo, the world's largest customer for A320 family aircraft, is proactively seeking to lease more than 20 older-generation A320ceos to mitigate the potential impact on its grounded fleet. India's largest domestic airline, IndiGo, currently operates a fleet of over 300 aircraft, nearly 50 of which are grounded due to issues with PW engines.
India witnesses 5.7 per-cent growth in industrial production in July
For July 2023, the quick estimates of index of industrial production (IIP) with base 2011-12 stood at 142.0.
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