WEAK
'No one weaker than Lalu Yadav...': BJP's Giriraj Singh on RJD chief's 'Modi govt is weak' jibe
New Delhi: Union Minister Giriraj Singh trained guns at Rahul Gandhi’s visit to Hathras and called it a political tour. "Rahul Gandhi going to Hathras was a political tour and nothing else. Those who are investigating have said that no one will be spared ...
Modi govt could fall in August: Lalu Prasad Yadav
RJD president Lalu Prasad claimed on Friday that the Narendra Modi government at the Centre is "weak" and could "fall" as early as next month. He made this statement at a function in Patna to mark the 28th anniversary of the party he had founded by splitting the Janata Dal.
'Modi govt can fall by August', Lalu Yadav claims; Sanjay Raut agrees with RJD chief
The RJD Chief Lalu Prasad Yadav, on July 5, claimed that PM Modi-led NDA govt could fall by August and elections can happen anytime. 'I appeal to all party workers to be ready, as elections can happen anytime...,' Lalu Yadav said speaking at RJD's foundation day eve...
Lalu Prasad Yadav predicts fall of Modi government by August, urges party workers to prepare for elections
Former Bihar Chief Minister and RJD chief Lalu Prasad Yadav has called on his party workers to gear up for possible early elections, predicting the fall of the Modi government by August. Yadav stated that the current government in Delhi is very weak and could collapse soon.
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
US trade deficit widens in May on weak exports
The U.S. trade deficit widened for a second consecutive month in May, reaching $75.1 billion as exports decreased, potentially impacting economic growth in the second quarter; the goods trade deficit also rose to $100.2 billion, the highest since May 2022, with a 0.9 per cent increase, while services exports saw a boost from travel, helping offset declines in automotive and goods exports.
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Rupee nearly flat wedged between yuan weakness, dip in US bond yields
Indian rupee's stability faces uncertainty pending the release of Fed's policy meeting minutes and U.S. ADP employment data for potential impact on future U.S. policy rates.
Government may be on target on telecom revenues despite weak auction
The Department of Telecommunications (DoT) is expected to earn around Rs 1.20 lakh crore in revenue receipts this fiscal, with state-run BSNL contributing significantly, despite a tepid response to the recent spectrum sale. The government is likely to retain its revenue target from the telecom sector in the upcoming budget, with estimates suggesting a significant portion will come from past auction dues, spectrum usage charges, and licence fees.
Oil prices edge higher as supply risks mount
Oil prices responded to geopolitical tensions and supply disruptions, with concerns over fuel demand dynamics. The market saw gains in Brent and WTI futures amidst heightened uncertainties, while attention remained on the impact of geopolitical conflicts on oil supply. Anticipation of increased gasoline consumption over the July 4th weekend offered some relief amid persisting demand challenges.
What would Japanese intervention to boost a weak yen look like?
Amid market uncertainties and political pressures, Prime Minister Fumio Kishida considers intervening to stabilize the yen ahead of the ruling party leadership race. The effectiveness of intervention in addressing public concerns over the weak yen and rising living costs remains uncertain.
Rupee falls tracking weak Asian peers, traders eye index inclusion
CR Forex's Amit Pabari forecasts a stable rupee within a defined range, emphasizing the impact of interest rates on currency fluctuations.
China's yuan eases to 7-month low on PBOC's weak guidance
China's yuan eases to a seven-month low against the dollar, set for a sixth straight monthly decline in June. The central bank guides official fixing weaker amid capital outflows and speculation of yuan depreciation.
China's fiscal revenue drops 2.8% in January-May
China's fiscal revenue declined by 2.8% in the first five months of 2024 compared to the same period last year, reflecting a deepening economic slowdown. Weak demand continued to weigh on the recovery, with fiscal expenditure rising by 3.4% during the same period. In May alone, fiscal revenue was down by 3.2% year-on-year, while fiscal spending grew by 2.6%. China has pledged greater fiscal stimulus to support its economy, including the issuance of special treasury bonds and incentives to boost consumer spending.
China's yuan slips to fresh 7-month lows as outflows mount
China's yuan dips to a fresh seven-month low against the dollar due to portfolio outflows and speculation about the central bank's actions.
Rupee at new low of 83.65 on strength in greenback
The Indian rupee weakened to a record low against the US dollar due to broad gains in the American currency and corporate outflows. The Reserve Bank of India intervened but refrained from significant action. The Chinese Yuan's weakness and corporate outflows also contributed to the rupee's decline, as noted by Shinhan Bank's vice-president.
Gold edges higher as weak US data lifts Fed rate-cut bets
Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures.
What are EV startups doing to ride out weak demand?
Fisker filed for bankruptcy protection due to fundraising difficulties and weak demand for its Ocean electric SUV. Rivian, Lucid Group, and Nikola are making strategic moves to reduce costs, boost demand, and introduce new vehicle options in the competitive electric vehicle market.
Org weakness, switching candidates, stoppage of MNREGA funds hurt BJP
Weaknesses in the organisational structure, candidate changes in previously-won seats, and the halt of central scheme funds contributed to the BJP's defeat in West Bengal, with the Trinamool Congress blaming central deprivation. The lack of a Modi wave and public trust in CM Mamata Banerjee's social welfare initiatives also impacted the BJP's performance, while North Bengal provided some respite amidst a poor showing in South Bengal.
Ghatkopar hoarding was installed on weak foundation: Mumbai institute's report
A report submitted by a technological institute revealed that the hoarding that collapsed in Mumbai, claiming 17 lives, had been installed on a weak foundation. Despite the city's standards for wind resistance, the structure could only withstand 49 kmph winds, leading to tragedy. Investigations and arrests followed, uncovering negligence and lack of proper oversight.
After a 5% rally in 2 days, ITC earns a downgrade. Here's why
Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.
China is ‘bizarrely unwilling’ to boost demand, Paul Krugman says
Nobel laureate Paul Krugman criticised China's reliance on production over consumer demand, warning of global consequences. Chinese economist Li Daokui called for increased central government debt to drive growth. Krugman questions Japan's panic over a weak yen, while emphasizing the need for rate cuts.
Sinking profits bring reality check to AI-driven rally in emerging market stocks
Unilever Plc’s Indian unit reported a 5.5% drop in net income for the first quarter, missing analyst estimates. Behind the decline was sluggish rural demand combined with high net-worth urban consumers pivoting to other brands. Similar trends can be seen elsewhere, with Chilean retailer Cencosud SA, restaurant chain operator Yum China Holdings Inc. and Swiss-South African jeweler Compagnie Financiere Richemont SA all delivering weaker-than-expected results.
Salesforce plummets 18% as weak forecast sparks concerns of AI competition
Salesforce shares slumped about 18% on Thursday, after its lowest-ever quarterly revenue growth forecast raised fears that high interest rates and rival AI offerings were hampering demand at the cloud-based software firm.
GIFT Nifty down 60 points; here's the trading setup for today's session
"On the domestic front, though FII selling intensity has reduced, the caution is increasing as we near the big event outcome which is resulting in profit booking. The volatility is expected to be heightened in coming sessions, thus it's advisable to traders to stay on the sidelines and not get too aggressive. The weak global cues are further adding to the nervousness and thus markets are likely to remain weak in near future," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Euro weakness drives pound to highest since August 2022
The euro dropped to as low as 84.48 pence, down 0.3%, at its lowest since August 2022, also trading lower against the dollar.
Sensex falls 600 pts amid weak global market mood ahead of US inflation data; Nifty below 22,750
Reflecting the global market downturn, Indian key indices continued their downward trend for the fourth consecutive session on Wednesday. HDFC Bank, M&M, ICICI Bank, L&T, Reliance, and Axis Bank led the decline among Sensex stocks. Nifty Financial Services slid 0.6%, while Nifty Auto fell by 0.8%.
Top forecaster defies rupee bulls as record low looms
Danske Bank A/S predicts Indian rupee to hit fresh low at 83.60 per dollar by December, going against consensus for first gain in seven years. Allan von Mehren, the top forecaster, expects gradual rupee depreciation to boost exports.
Rupee dips on weak Asia, more equity losses
The rupee was at 83.52 to the U.S. dollar at 11:06 a.m. IST, down from 83.50 in the previous session. India's Nifty 50 Index, adding to last week's decline, dropped nearly 1% to the lowest in three weeks.
Oil extends decline on signs of weak fuel demand, strong dollar
Brent crude futures slid 26 cents, or 0.3%, to $82.53 a barrel by 0025 GMT while U.S. West Texas Intermediate crude futures was at $78.03 a barrel, down 23 cents, or 0.3%.
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