All You Need To Know By NDTV Profit

S&P 500 and Nasdaq both make new lifetime highs; Nifty50 closes at a new life high, with overseas investors remaining net buyers in Indian equities; HDFC Bank disappoints with its first-quarter business update, and the stock could see a negative impact; Raymond demerges real estate business, with shareholders receiving one share for every share held... All this and much more on your daily podcast...

Joe Biden may drop his bid for re-election just four months ahead of the start of the Presidential Elections;U.S. stocks ended higher – with S&P 500 and Nasdaq gained 0.5% and 0.9% respectively; Bajaj Finance's assets under management rise 31% to Rs 3.54 lakh crore in the three months; Vedanta reports 10% jump in production of saleable steel or finished products to 3,56,000 tonnes in the June quar...

HDFC Bank reports reduction in FII shareholding to 54.83% in the June 2024 quarter;Madhya Pradesh High Court has stayed the suspension of the license of the sister company of Som Distilleries and Breweries;Zomato Financial Services decided to voluntarily withdraw application for getting registered as NBFC; Narayana Health Insurance launched its first health insurance product, 'Aditi';Jerome Powell...

SEBI introduces guidelines for market infrastructure institutions, or MIIs, to ensure fair and transparent fee structures; Gross GST collections in June seen at 1.74 lakh crore, according to sources; Tata Steel manages to avert a strike at its Port Talbot facility in the UK after workers’ union agrees to more discussions; OPEC’s crude production remained steady for a third month; U.S. factory acti...

After a 13 year wait, India is once again a World Champion; Marine Le Pen’s National Rally scored an emphatic victory in the first round of France’s legislative election; Vodafone Idea joined its peers to announce an increase in rates across plans by 10-21% with effect from July 4; Auto sales for the month of June – not going to be a pretty picture based on expectations. China’s factory activity c...

Reliance Jio finally bites the bullet and hikes tariffs between 12.5% and 25% on existing plans;SEBI says its open to review the weekly options derivative products if required to reduce speculative trading in the market;RBI's Financial Stability Report warns of commodity price volatility due to geopolitical conflicts, posing inflation risks;All eyes on Mint Street, with India's bonds set to be inc...

Nifty 50 closing within touching distance of 23,900 points; U.S. equities saw some late buying,pushed the key indices into the green, but gains narrowed. Outcome of the SEBI board meeting expected today;Telecom spectrum auctions concluded with a total of 11,341 crore mopped up; Dr Reddy’s Laboratories enters agreement to buy U.K.-based Haleon’s nicotine replacement therapy for about Rs 5,250 crore...

RBI Governor Shaktikanta Das said that India’s economic growth is inching toward 8% in a sustained manner;Demand worth 7,500 crore has been received in the ongoing spectrum auctions, according to data released by the Department of Telecom;Prime Minister Narendra Modi expected to visit Russia for the first time since the start of the war in Ukrain; Gold price increased by Rs 70 to touch Rs 72,550 p...

India qualify for T20 World Cup semi-finals with 24-run win; India's current account balance recorded a surplus for the first time since April-June 2021; Auction of telecom spectrum will begin today, with the Union government set to put airwaves worth Rs 96,317.7 crore on the block; Britannia Industries closes its Taratala plant in Kolkata;Vedanta is considering tapping bond markets for at least $...

Quant Mutual Fund investigated by SEBI for alleged frontrunning; First session of the 18th Lok Sabha will begin today; Chairman Gautam Adani of Adani Enterprises to address the AGM meeting today; 3rd GST Council meeting ended with focus primarily on easing compliance burden on taxpayers and limiting litigation rush for the government;Probe into alleged irregularities in NEET exam to be handed over...

IRDAI moves to curb misselling of ULIPs; High-level committee to probe irregularities in NTA over NEET fiasco; Hinduja Group planning to raise about Rs 7,300 crore rupees via two bond offerings; U.S. stocks showed some signs of fatigue; Mixed start in the Asia Pacific region ...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

Government approves Rs 76,000 crore to construct a port in Vadhavan in Maharashtra, when completed it will be the 10th largest in the world and provide 1.2 million jobs; Government approves an infusion of Rs 7,453 crore for offshore wind energy projects off the coasts of Gujarat and Tamil Nadu; Axis Bank plans to purchase an additional stake in Max Life Insurance Company for a sum of Rs 336 crore;...

Vodafone Group to sell stake in Indus Tower; RBI and SEBI are monitoring the high volume of retail trading in the futures and options segment: Shaktikanta Das;Nvidia has rocketed past Apple and Microsoft to become the most valuable company in the world; Oil steadied after its biggest two-day gain in three months; U.S. crude inventories rose by 2.3 million barrels last week....All this and much mor...

Fifteen passengers dead and 60 injured in Sealdah-bound Kanchanjunga Express derailment; Rahul Gandhi gives up Wayanad in favour of Priyanka Gandhi; Som Distilleries and Breweries have blamed contractors of its associate company for concerns that it was employing children; One 97 Communications is in talks with Zomato to sell its "entertainment" business; The special additional excise duty on crud...

U.S. producer prices unexpectedly declined in May by the most in seven months; Strong demand for freshly issued 30-year U.S. Treasury pushed yields lower across the curve overnight; Adani Group-owned Ambuja Cements will acquire Hyderabad-based Penna Cement Industries at an enterprise value of Rs 10,422 crore; BNP Paribas Financial Market divested stake worth Rs 986 crore in L&T Finance via open ma...

Federal Reserve keeps policy interest rates unchanged for the seventh consecutive time in a range of 5.25-5.5%; May CPI inflation at 4.75% vs 4.83% in April; FOMC's median forecast shows a 25 basis points rate cut in 2024, as against the 75 bps expected earlier;Finance Minister Nirmala Sitharaman may present the Union Budget 2024-25 during the third week of July;Maruti Suzuki Swift has dethroned t...

World Bank forecasts India's GDP to grow by 6.6% in FY25; Oil prices shot up this week after falling because of OPEC announcement; World oil demand to rise by 2.25 million barrels per day (bpd) in 2024 and by 1.85 million bpd in 2025; Hyundai Motor likely to file a draft to Sebi for initiating the process for IPO; Ola Electric Mobility has secured approval from SEBI to launch an initial public off...

Modi 3.0 cabinet's key appointments include Nirmala Sitharaman as Finance Minister, Amit Shah as home minister, Rajnath Singh as Defence Minister and S Jaishankar as foreign minister; Centre approved the disbursement of 1.4 lakh crore in tax devolution to states for June; Mphasis promoter, BCP TOPCO IX, an arm of Blackstone, has offloaded a little over 15% stake in the company for Rs 6,735 crore t...

Prime Minister Narendra Modi sworn in as the 15th Prime Minister of India, along with him as many as 30 Cabinet ministers were sworn in; Rajnath Singh, Amit Shah, and Nitin Gadkari all took oath along with Nirmala Sitharaman and S Jaishankar – all key faces of existing ministries sworn in again; India won by 6 runs against Pakistan in T20 World Cup; Terrorists opened fire in Jammu and Kashmir's Re...

RBI’s Monetary Policy Committee to announce new repo rates at 10 am today; European Central Bank cut interest rates that it has been indicating for months; Wipro wins a $500-million deal from a leading US communication service provider; NCLT approves the merger between Air India and Vistara ...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.

National Democratic Alliance elected Narendra Modi as its leader and decided to stake claim to form the government; At 28.55 crore, the National Stock Exchange of India on Wednesday broke the world record for handling the highest number of single-day trades; SEBI proposed increasing the threshold for the basic service demat account to Rs 10 lakh from the existing Rs 2 lakh....All this and much mor...

BJP to form the government for the third term, with a final seat count of 240 – 32 seats short of majority and 63 lower than it had achieved in 2019 ; Indian National Congress ended with a score of 99 seats; Nifty 50 ended nearly 6% lower; Novelis postpones its planned $945 million initial public offering in the U.S. citing market conditions; Tata Motors Finance to merge with Tata Capital; U.S. an...

Votes will begin to be counted at 8 am today; Nifty 50 hit new intraday highs and also closed at a new record – that stands at 23,26; Southwest monsoon has moved into some more parts of Karnataka, Telangana and coastal Andhra Pradesh on June 3;FSSAI has directed companies to remove claims of "100% fruit juice" from labels and in advertisements for reconstituted fruit juice products with immediate...

Exit polls predict another landslide victory for the BJP-led National Democratic Alliance; Will Nifty hit 23,000 and market open gap up?; Brent crude trades muted; Goods and Services Tax collections increased 10% year-on-year to Rs 1.73 lakh crore in May; 'Amul' increased milk prices by about Rs 2 per litre effective today and across the country...All this and much more on your daily podcast by Al...

U.S. economic growth slows in the first quarter; Indian economic growth is expected to remain on track in the fourth quarter; Hassan MP Prajwal Revanna facing sexual assault charges arrested; Jio Financial Services unveils the 'JioFinance' app in beta version ...All this and much more on your daily podcast by Alex Mathew and Niraj Shah.