A naukri.com initiative
Business News
Baystreet
1w
354
Image Credit: Baystreet
JPMorgan CEO Warns Of Market Complacency And Inflation Risks
- JPMorgan Chase CEO, Jamie Dimon, warned of market complacency and inflation risks during a trip to Ireland.
- Dimon expressed concerns about investors being desensitized to tariff news and the potential re-emergence of inflation as a significant problem in the U.S.
- He suggested a higher likelihood of interest rate hikes than the market currently anticipates, urging caution among investors and traders.
- Despite Wall Street indices near all-time highs, Dimon emphasized the impact of tariffs on the U.S. economy and called for increased competitiveness in Europe to boost growth.
Read Full Article
21 Likes
Baystreet
1w
272
Image Credit: Baystreet
Levi Strauss’ Financial Results Beat On Top And Bottom Lines
- Levi Strauss reported financial results that exceeded Wall Street expectations, causing a 7% increase in their stock.
- The company's earnings per share for the second quarter were $0.22 U.S., surpassing the forecast of $0.13 U.S., while revenue totaled $1.45 billion U.S., higher than the expected $1.37 billion U.S.
- Levi Strauss raised its full-year guidance, expecting earnings of $1.25 U.S. to $1.30 U.S. per share, up from the previous estimate of $1.20 U.S. to $1.25 U.S. Sales are projected to increase by 1% to 2% this year, compared to the prior guidance of a decrease of 1% to 2%.
- Despite potential tariffs impacting the business by $25 million U.S. to $30 million U.S. for the remainder of 2025, Levi Strauss plans to absorb the costs without passing them on to consumers.
Read Full Article
15 Likes
Bloomberg Quint
1w
106
Image Credit: Bloomberg Quint
BSE, NSE Warn Of Online-Bond-Platform Risks; Urge Investors To Do Due Diligence Before Investing
- The National Stock Exchange and BSE issued a public advisory warning investors about the risks associated with online bond platform providers and emphasized the importance of understanding bond characteristics, risks, and costs.
- Investors are urged to check SEBI registration, review credit ratings, understand issuer repayment history, assess liquidity, be aware of settlement processes and tax implications before investing through online platforms.
- Exchanges recommend using a rating-based risk scale akin to a mutual fund risk-o-meter to evaluate different bond risks. Concepts like Yield to Maturity and coupon rate are highlighted to help investors understand returns and interest rate impacts.
- The advisory underlines the inverse relationship between bond prices and yields, emphasizing the importance of understanding interest rate risk and associated costs to accurately assess final returns.
Read Full Article
6 Likes
HinduBusinessLine
1w
648
Image Credit: HinduBusinessLine
FundsIndia appoints Akshay Sapru as Group CEO
- Akshay Sapru has been appointed as the Group CEO of FundsIndia.
- Sapru, with over 27 years of experience in the BFSI sector, will lead the company's strategic direction and growth.
- He previously served at Yes Bank Ltd and has expertise in retail banking, private wealth management, and digital innovation.
- Sapru takes over from Girirajan Murugan and will report to the Board of Directors.
Read Full Article
16 Likes
Baystreet
1w
350
Image Credit: Baystreet
Canada’s Unemployment Rate Falls To 6.9%
- Canada's unemployment rate dropped to 6.9% in June as 83,000 jobs were added to the labour market.
- Both the job gains and the lower unemployment rate exceeded economists' expectations for the month.
- The majority of the jobs created were in part-time and seasonal work, with notable growth in sectors like wholesale and retail trade.
- Despite improvements, certain areas like Windsor, Ontario, continue to struggle with high unemployment rates, partly influenced by U.S. tariffs.
Read Full Article
21 Likes
Baystreet
1w
110
Image Credit: Baystreet
Ruanyun Edai Hooks up with Confucius Institute
- Ruanyun Edai Technology Inc. signed a strategic cooperation agreement with the Confucius Institute at Prince Sultan University.
- The agreement advances HanLink, Ruanyun's Chinese language learning platform, in becoming a core digital infrastructure of Saudi Arabia’s first national online Confucius Institute.
- The partnership aims to create a blended learning ecosystem integrating Ruanyun's AI-powered content and analytics with the Confucius Institute's pedagogical expertise.
- The three-year agreement includes joint development of an online Confucius Institute platform, integration of HanLink into PSU's Chinese curriculum, and tailored teaching materials for Saudi learners.
Read Full Article
6 Likes
HinduBusinessLine
1w
46
Image Credit: HinduBusinessLine
BSE’s throttle fee hike seen pinching high-frequency traders, brokers
- BSE has increased throttle fees significantly for high-frequency traders and brokers, limiting them to 40 messages per second for free.
- Trading members will now be charged varying amounts for additional message blocks, starting from ₹50,000 for 100 MPS annually.
- The new fee structure will impact mid to large brokers, algo traders, and HFTs, making algorithmic trading more expensive.
- The revised charges stem from SEBI's efforts to level transaction fees and curb volume-based rebates, impacting smaller players more than larger, bank-backed brokers.
Read Full Article
2 Likes
Bloomberg Quint
1w
80
Image Credit: Bloomberg Quint
Castrol Wins Rs 4,131-Crore Dispute Against Maharashtra Sales Tax Department
- Castrol India Ltd won a Rs 4,131-crore dispute against the Maharashtra Sales Tax Department as per the favourable order from the tribunal.
- The dispute was regarding the movement of goods from state facilities to other states, alleged as inter-state sales by the tax department.
- Castrol contended the claims, stating compliance with legal norms, and had already received favourable orders from the MVAT Tribunal for all 10 disputed years.
- The company confirmed no financial impact as they had not provisioned for the disputed amount in their books; shares fell marginally post the business update.
Read Full Article
4 Likes
HinduBusinessLine
1w
338
Image Credit: HinduBusinessLine
Lotus blooms again in Wular Lake after 33 years, reviving livelihood hopes in Kashmir
- Lotus flowers have reappeared in Wular Lake after 33 years, covering 4 to 5 square kilometers, following a major flood in 1992 that buried the lotus plants under silt.
- Wular Lake, Asia’s second-largest freshwater lake, underwent desiltation from 2020 to 2023 to restore its ecological balance and biodiversity.
- The revival efforts led to the return of lotus flowers in 2024, with authorities also planting seeds to aid the process and restoring water levels in the lake.
- The resurgence of lotus in Wular Lake not only rejuvenates its ecology but also rejuvenates economic prospects for communities that relied on the lake for livelihood, including through harvesting nadru, fishing, and collecting water chestnuts.
Read Full Article
20 Likes
Bloomberg Quint
1w
211
Image Credit: Bloomberg Quint
US Stock Markets Today: S&P 500 Retreats From Record High As Trump Tariffs Pile Pressure On Wall Street
- The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average declined on Friday as US President Trump's tariff threats caused market jitters.
- The S&P 500 fell by 0.52%, Nasdaq Composite by 0.36%, and Dow Jones was down by 0.51% in early trade after reaching all-time highs the previous day.
- Tech giant Nvidia led the market to cross the $4-trillion market cap before trading lower due to Trump's tariff stance.
- All 11 sectoral indices were in the red with Communications Services and material sectors leading the decline.
Read Full Article
12 Likes
Bloomberg Quint
1w
118
Image Credit: Bloomberg Quint
FPIs Turn Net Sellers After Two Days, Offload Rs 5,100 Crore
- Foreign Portfolio Investors (FPIs) turned net sellers of Indian shares, offloading stocks worth Rs 5,104.2 crore, according to NSE data.
- In contrast, domestic institutional investors continued as buyers, acquiring stocks worth Rs 3,558.6 crore.
- FPIs have bought shares worth Rs 3,839 crore in July, with financial services receiving the largest share of FPI inflows in June.
- Indian benchmark equity indices fell for the third consecutive session, with NSE Nifty 50 closing 0.81% lower and BSE Sensex down 0.83%.
Read Full Article
7 Likes
HinduBusinessLine
1w
439
Image Credit: HinduBusinessLine
Work on country’s first offshore airport at Vadhavan may start next year
- Maharashtra government plans to start work on the country’s first offshore airport in Vadhavan near Mumbai in 2026.
- Jawaharlal Nehru Port Authority (JNPA) is developing a deep draft port in Vadhavan, located 140 kilometers north of Mumbai, alongside the proposed airport.
- A pre-feasibility study for the offshore airport is currently in progress, with the report expected in three months.
- The Maharashtra government aims to enhance aviation infrastructure across the state, with plans to upgrade existing facilities and build new airports, including in districts like Gadchiroli and for Pune’s second airport in Purandar facing land acquisition challenges.
Read Full Article
Like
HinduBusinessLine
1w
318
Image Credit: HinduBusinessLine
Post-Apollo acquisition, AyurVAID sees fourfold growth, plans for nationwide push
- Post-Apollo acquisition, AyurVAID witnesses fourfold growth in patient footfalls and enhanced brand recognition.
- The company plans to close FY25 with nine hospitals and one clinic, aiming to scale up to 18 hospitals by end-FY26, targeting markets like Mumbai, Pune, Hyderabad, and Kolkata.
- AyurVAID aims to increase its capacity to 1,000 beds by 2028 from the current 185 beds.
- The company has recorded ₹11.6 crore in revenue in FY23, targeting a ₹100 crore milestone by October 2026, with plans for international expansion.
Read Full Article
12 Likes
Bloomberg Quint
1w
2.4k
Image Credit: Bloomberg Quint
RIL Q1 Results Date: Reliance Industries To Declare Earnings Next Week — Check Details
- Reliance Industries Ltd. (RIL) is set to declare its financial results for the first quarter of fiscal year 2024-25 next week, with a focus on the operating margin decline experienced in the previous quarter.
- The company will announce the standalone and consolidated unaudited financial results for the quarter ended June 30, 2025, following a Board of Directors meeting on July 18, 2025.
- In the previous quarter, RIL faced a significant decrease in operating margin due to pressure from its oil and gas division, marking its steepest decline in ten quarters.
- Shares of RIL closed lower on the NSE, with analysts maintaining mostly 'buy' ratings for the stock, anticipating an upside of 5.5% based on the average 12-month consensus price target.
Read Full Article
11 Likes
For uninterrupted reading, download the app