All You Need To Know By NDTV Profit

Jerome Powell says the FederalReserve would proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects; U.S. job market smashed expectations in January with a surprise hiring pick-up according to government data; Inadequate Know-Your-Customer procedures, which led to questionable transactions worth crores of rupees, was one of the...

Interim Budget 2024 presented in the Parliament yesterday, and the Modi government delivered what many called a prudent, pragmatic spending plan; Byju's major investors call for Byju Raveendran, family's ouster from board; Bain Capital has earmarked $7 billion to invest in India over the next three to five years; U.S. equities gained on the back of strong earnings by tech giants...All this and muc...

Interim Budget will be announced today ahead of the general elections; In the U.S., the Federal Reserve decided to keep its policy rate unchanged at 5.25-5.50 in January, citing slowing economic activity, and easing but elevated inflation; Gross GST collections rose 10.4% year-on-year to Rs 1.72 lakh crore in January with the Finance Ministry saying the final collection for the month would be high...

A day before the Union Budget, the IMF revised its forecast for India's growth to 6.7% in the current financial year, 40 basis points higher than its previous forecast; TCS signs a 15-year contract with Aviva to deploy the IT company's BaNCS-based platform to service 5.5 million Aviva customers; The NCLT has accepted a petition from Mad Men Film Ventures, a shareholder of Zee Entertainment Enterpr...

From today to Thursday, U.S. markets will see companies valued more than $10 trillion reporting their results - Microsoft, Alphabet, Meta Platforms, Amazon and Apple; Byju's set to raise $200 million through a rights issue at a steep valuation haircut; The U.S. wants cloud service providers like Amazon and Microsoft to identify foreign clients developing AI applications on their platforms; Elon Mu...

Nitish Kumar takes his party, the Janta Dal United, out of the Opposition alliance only to join hands with the BJP; Tensions escalate in West Asia as Iran-backed militants killed three U.S. service members and wounded 25 others in a drone attack near the Syrian border, the attack pushed crude prices higher; Deloitte's credibility takes a hit after the company missed a major fraud at Nigeria's Ting...

HDFC Bank may sell some assets on its loan book to release high-cost borrowings: Sources; Zee moves NCLT, seeks intervention to implement the merger with Sony;  Tata Steel returns to profit in the third quarter; Bajaj Auto’s net profit surges 37%; General Insurance Council announces ‘Cashless Everywhere’ initiative which would allow policyholders to obtain cashless redressal of claims at all hospi...

S&P 500 rises to a fresh all-time high for the third session in a row; CCI approves Burman family's Religare Enterprises stake purchase; Axis Bank’s net profit rose 3.7% year-on-year for the third quarter; Netflix has acquired the exclusive rights to stream Raw, as well as other programming from WWE... All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Sony confirms termination of merger with Zee; India cheers the consecration of the Ram Mandir in Ayodhya; BoJ is expected to keep its main monetary policy settings steady; The U.S. and U.K. launched new airstrikes against eight Houthi targets in Yemen…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Some of the world's largest tech companies saw their share prices surge, taking the Nasdaq 100 to its all-time high overnight; The number of Americans filing for unemployment fell last week to the lowest level in nearly 1-1/2 years; Indian equities continue to see heavy selling with foreign institutional investors selling Rs 9,660 crore in yesterday's session; Sony Group has called for a board mee...

Heavy selling in HDFC Bank dragged benchmarks lower by over 2%; Foreign institutional investors were the biggest sellers at a record amount of nearly Rs 10,600 crore; U.S. equities drop yet again in a third consecutive session; Houthis in Yemen continue to threaten the Red Sea passage, heightening geopolitical tensions; Sun Pharma enters into definitive merger agreement with Taro Pharma and will a...

Fitch Ratings affirms India's credit rating as 'BBB-', with a stable outlook; Union Minister for IT Rajeev Chandrasekhar has said that amended IT rules are set to be notified in the next 7-8 days as compliance with the advisory on deep fakes continues to vary; Watch out for reactions to HDFC Bank's Q3 results - its net profit rose 2.5% sequentially on higher provisions; U.S. Treasury yields rise a...

Houthi militants hit U.S.-owned commercial ship carrying steel products off the coast of Yemen; India's Ministry of Commerce says Indian trade has not experienced any major impact from the Red Sea crisis; DGCA issues SOPs to airlines regarding flight cancellations due extensive delays during adverse weather conditions, in response to incidents like the recent attack on a pilot inside an IndiGo fli...

Tata Consumer Products set to acquire 100% stake in Capital Foods and Organic India; Former Union Minister Milind Deora resigns from the Congress Party and joins the Eknath Shinde-led Shiv Sena faction; Maldivian President Mohamed Muizzu asks India to withdraw military personnel from the country by March 15; The U.S. economy could see an unexpected fiscal boost if lawmakers back a deal for $70 bil...

U.S. and U.K. conduct strikes against Houthis in Yemen causing oil prices to rise marginally; U.S. December inflation data rose more than forecast on a monthly basis with core inflation rising more than anticipated; TCS and Infosys reported their Q3 numbers with the former seeing a 1.5% sequential rise in revenue to 60,583 crore, whereas the latter's revenue declined 0.44% sequentially to Rs 38,80...

TCS and Infosys kick off India's Q3 earnings season today; 10-year yield stayed over 4% as U.S. stocks ended positive; Crypto assets rise across the board after the SEC approves the first list of U.S. listed exchange traded funds to track bitcoin; Income Tax Department detects unaccounted cash sales worth Rs 1,000 crore after it initiated search and seizure operations against the Polycab Group;  E...

India's exporters are bearing the brunt of higher freight rates and insurance surcharges as Red Sea crisis deepens; World Bank leaves India's GDP growth forecast unchanged; the Competition Commission of India rejects complaint accusing PVR of abusing its dominant position; SEC clarified that a post saying Bitcoin had received regulatory approval to spot-Bitcoin exchange traded funds was fake...All...

Global cues seem encouraging as Asia rebounds after Monday’s sell-off; Crude oil prices fell by 3.7% as Saudi Arabia announced price cuts; Overseas investors remained net buyers of Indian equities for the third consecutive session on Monday even though the net FPI buy number was a small Rs 16 crore...All this and much more on your daily podcast by Agam Vakil and Niraj Shah.

First advance estimate for India's GDP growth are out, estimated to grow 7.3% this year, up from the 7.2% provisional estimate for FY23; Maldivian government suspends three ministers for derogatory remarks against Prime Minister Narendra Modi on social media; India's regulatory system to monitor its bio-economy has not kept pace with innovation, impeding growth, according to Biocon's Kiran Mazumda...

Islamic State claims responsibility for deadly Iran blasts; Bond yields in the U.S. rise sharply once more overnight; Grasim Industries sets Rs 1,812 per share as price for its Rs 4,000-crore rights issue…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Federal Reserve minutes show that officials intend to retain restrictive stance on rates until inflation clearly moves down sustainably; yields on the Treasury's 10-year bond briefly neared 4%; a blast at the grave of Iranian general Qasim Soleimani has left more than 100 dead and nearly 200 injured; Houthi militants continue to attack container ships in the Red Sea…All this and much more on your...

Truckers end stir after Centre says 'hit-and-run law decision after talks'; RBI likely to announce new benchmark 10-year bond next week; Adani Short Selling case: Supreme Court set to pronounce verdict today…All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

GST collections for December rose 10.3% to Rs 1.65 lakh crore compared to the same period last year; Hindustan Unilever has received GST demands from five states, amounting to nearly Rs 450 crore; Oil advanced as geopolitical tensions continue to rise in the Red Sea; Six buildings have collapsed with people still trapped inside in the aftermath of the 7.6 earthquake off Japan's Noto Peninsula…All...

Maersk stops using the Suez Canal route; Passenger vehicles lose steam, two-wheeler demand sustains; China’s factory activity shrinks for the third straight month; Queen Margrethe II of Denmark announces abdication...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

RBI explains its rationale behind its cautious stance against unsecured retail credit; SEBI proposes a new approach to verify rumours in the stock market; Oil retreated for the fourth time in five sessions; U.S. weekly jobless claims rose by 12,000 to 218,000 last week, higher than estimated...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.