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Oil holds near two-month high on higher demand outlook, possible rate cut

Exciting developments in the oil market as prices hold steady near recent highs, driven by robust demand projections and the possibility of U.S. interest rate cuts. The looming threat of Hurricane Beryl and reduced crude imports into Asia, especially China, add further intrigue to the market landscape.

Mahua Moitra makes a comeback in Parliament, says BJP paid a heavy price of 63 MPs for expelling me

In her speech, Moitra expressed gratitude to the people of her constituency, Krishnanagar, for their unwavering support. She further said that earlier she was saved by Hindu god Krishna, and this time the people of Krishnanagar ensured that she returns to the Parliament.

Mahua Moitra, says BJP paid a heavy price of 63 MPs for expelling me

FIR filed against Noida builder after buyers complain of flat sizes being too small

As per the complainants, the 423 flats sold in Prateek Edifice were 10-12% smaller than what they had been charged for. They claimed construction was also done beyond the sanctioned plan without their consent.

Stars are aligning! Vodafone Idea share price targets increase after tariff hike

Vodafone Idea's target price sees a boost post-tariff hike, reflecting industry trends. Kotak Equities emphasizes low ARPU in India and the need for Jio to seize monetization opportunities.

Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48%

Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.

How hedge funds are affecting Bitcoin prices

Bitcoin ETFs and hedge funds are driving significant inflows, sparking debates among investors. The surge in investment is influenced by hedge fund strategies, impacting Bitcoin's price dynamics.

Rising vegetable prices strain household budgets across India: Survey

A survey by LocalCircles highlighted significant consumer concerns over rising prices of essential vegetables—onion, potato, and tomato. It found that 16% of households are cutting consumption or feeling financial strain due to these price hikes, with another 31% anticipating impact if prices exceed INR 50 per kg. Currently, 2 in 3 households are paying above-average prices: Rs 25/kg or more for tomatoes, Rs 30/kg or more for potatoes, and Rs 35/kg or more for onions.

Godawari Power & Ispat announces Rs 301 crore buyback, shares surge 6%

Godawari Power & Ispat shares surged 6% on BSE to an all-time high after approving a Rs 301 crore share buyback. Som Distilleries shares dropped 16% due to a Madhya Pradesh plant issue.

10 IT stocks that paid dividends up to 60 times since 2011. Do you own any?

​A dividend is a share of profits and retained earnings that a company pays out to its shareholders. According to StockEdge data, 10 IT stocks are paying consistent dividends to their investors and have paid dividends up to 60 times since 2011. These stocks include TCS, HCL Technologies, Persistent Systems, Coforge, and KPIT Technologies.

More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men

Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.

Mother Dairy, after Amul, hikes milk prices by Rs 2/litre

In a statement, Mother Dairy attributed the price hike to production costs, which it said have been on the rise for over a year.

GST to be paid by telcos along with instalments towards spectrum charges

The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the coming mega auction.

Amazon to launch AI-overhauled Alexa with paid plans, CNBC reports

While the e-commerce giant is yet to nail down the price of the new services, a subscription to Alexa will not be included in its popular $139 annual Prime offering, the report said, citing people with knowledge of the company's plans.

HPCL announces 1:2 bonus share issue, Rs 16.5 dividend along with Q4 results

The record date for the bonus issue has been fixed on June 21, while the credit of shares will happen on or before July 8. The paid-up share capital before the bonus issue stands at Rs 1,418.55 crore, an increase to Rs 2,127.82 crore after the issuance.

US manufacturing sector regresses in April; prices paid near two-year high

U.S. manufacturing experienced a contraction in April as orders declined, reversing a brief expansion seen in March. The Institute for Supply Management (ISM) reported that its manufacturing PMI dropped to 49.2 from 50.3 in March. This decline, below the 50 mark indicating growth, reflects constraints due to higher borrowing costs and a shift in spending towards services.

Spotify surges 16% on swing to profit, boost in paid subscribers

​Paid subscribers rose 14% year over year to 239 million, the Swedish company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those on free plans with advertising, grew to 615 million, slightly less than the 617.9 million forecast by analysts.

I've paid emotional price for switching from Congress to BJP: Boxer Vijender Singh

Vijender Singh, India's Olympic medal-winning boxer turned politician, has shifted from the Congress to the BJP, a move he says has come at an emotional cost but is driven by his belief in the BJP's vision. He compares his switch to moving up a weight category in boxing, explaining that he made the change for a better platform to voice his views. Singh remains committed to his core values and plans to campaign for the BJP in certain regions during the ongoing elections. He praises PM Modi's vision for India and hopes for a brighter future, especially for the youth.

Sugar mills paid Rs 78,000 cr to cane farmers in H1 of 2023-24 season

Sugar mills in India have paid Rs 78,000 crore to sugarcane farmers in the first six months of the current marketing season, a food ministry official said. Mills have cleared 87% of the total cane payment of Rs 90,000 crore till March 31 of the 2023-24 season. They have produced over 300 lakh tonnes of sugar so far this season.

Nation paid price for BJP's compulsion to get 'chanda' at all costs: Congress

The Congress alleges BJP accepted over Rs 430 crore in donations from 33 firms with negative or near-zero profits through electoral bonds. Jairam Ramesh criticizes the scheme, claiming it promotes corruption. He highlights the donations from companies with dubious financial standings, suggesting possible money laundering. Ramesh asserts that despite RBI's concerns about money laundering, the BJP went ahead with the scheme, emphasizing the need for transparency in political funding.

Carlyle CEO Harvey Schwartz paid $187-million package in his first year

As per the filing, $180 million of his package is restricted stock that he received when he joined the job. These stocks vest over several years. What Schwartz, 60, eventually pockets would be a function of how long he stays in the role and how well the shares perform, the report said.

Nation paid price for BJP's compulsion to get 'chanda' at all costs: Congress

The Congress accused the BJP of pushing the electoral bonds scheme despite RBI warnings. Congress alleged over Rs 430 crore donated to BJP by 33 firms with negative profits. Jairam Ramesh highlighted corruption channels, claiming donations from 'Farzi Companies'. He criticized BJP for ignoring money laundering risks flagged by RBI.

In last 10-15 years, it has paid to buy the dips and invest for the long term: Gautam Duggad

Gautam Duggad says: "In any bull market, we will always find some things are getting too expensive and frothy and some things are always available where you can still justify, for example, that the domestic cyclicals like hotels, real estate, some of the consumer discretionary names where the earning support is very strong, are the spaces where money can be made."