The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...

The Australian dollar rose in Asian trade on Wednesday against a basket of major rivals, expanding gains for the second straight session against the US dollar and hitting a week high, while approaching five-week highs following strong Australian wages data. The data renewed inflationary pressures on the Reserve Bank of Australias policymakers, which hurt the odds of a rate cut...

The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...

The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...

BHEL Share Price: The stock has been on an upward swing since November 22, and has gained  14% in the last five trade sessions. It has gained 105% this year, so far.

JPmorgan has maintained an 'overweight' rating on Reliance with a target of Rs 2,810 per share, while UBS has maintained a 'neutral' rating on Simens with a target of Rs 3,750 per share.

Fedbank Financial Services IPO listing date: Despite the NBFC's strong track record of growth and profitability, along with its diversified customer portfolio, the lack of enthusiasm among investors could lead to a flat or even negative listing, analysts say.

The Gurugram-based fintech firm is working with DAM Capital Advisors and SBI Capital Markets for preparations of its listing. The company is aiming to file an initial prospectus as soon as next month and a share sale could happen in 2024.

TikTok, owned by China's ByteDance, has 125 million active monthly users in Indonesia, a country of more than 270 million people. It has been looking to translate the large user base into a major e-commerce revenue source.

According to a press release, clusters economically viable for drone use will be identified, with 15,000 women SHGs in selected states receiving Central Financial Assistance covering 80% of drone costs, up to ₹8 lakh.

Over two decades, Google said that it has employed machine learning and AI to enhance products, focusing on language translations, flood forecasts, and agricultural productivity in India.

The initiative, conducted in collaboration with IIT Bombay and the Department of Consumer Affairs (DoCA), aims to assess the application of large language models (LLM) in enhancing the efficiency of India's consumer grievance redressal system.

Maharashtra politics live updates: The Eknath Shinde-Bharatiya Janata Party government won the floor test today during the special two-day session of the Maharashtra Legislative Assembly. On Sunday, BJP MLA Rahul Narvekar was elected as the Speaker of the Maharashtra Assembly. Narvekar has rejected the appointment of Sena MLA Ajay Chaudhary as the group leader of the legislative unit of the party and has reinstated Shinde as Shiv Sena legislature party leader. The development comes as a major setback to the Thackeray faction comprising 16 MLAs who will be bound by the whip to be issued by Bharat Gogawale for the trust vote. If these 16 MLAs refuse to follow the whip, they face disqualification. Reacting to the development, Shiv Sena chief MP Arvind Sawant said his party will challenge this "unconstitutional" decision in court. Shinde has the support of 10 legislators of smaller parties and independents and 106 MLAs of the BJP in the 288-member House. Following is the party position in the Assembly: Shiv Sena 55, NCP 53, Congress 44, BJP 106, Bahujan Vikas Aghadi 3, Samajwadi Party 2, AIMIM 2, Prahar Janshakti Party 2, MNS 1, CPI (M) 1, PWP 1, Swambhimani Paksha 1, Rashtriya Samaj Paksha 1, Jansurajya Shakti Party 1, Krantikari Shetkari Party 1, and Independents 13. There is a vacancy due to the death of Shiv Sena MLA Ramesh Latke in May. Two NCP members - Deputy Chief Minister Ajit Pawar and Food and Civil Supplies Minister Chhagan Bhujbal - have tested COVID-19 positive, while two other party legislators - Anil Deshmukh and Nawab Malik - are currently in jail.

The Election Commission will scrutinise papers on June 30 and the voting is scheduled to take place on July 18. The result of the Presidential election will be declared on July 21 before President Ram Nath Kovind’s term ends on July 24.

Maharashtra political crisis highlights: Eknath Shinde was sworn in as the 20th Chief Minister of Maharashtra on Thursday at Raj Bhavan in Mumbai. Former CM Devendra Fadnavis took the oath as the Shinde's deputy. Shinde, who was camping in Guwahati with rebel Shiv Sena MLAs, returned to Mumbai on from Goa on Thursday afternoon, following which he and Fadnavis met the Governor Bhagat Singh Koshyari to stake claim to form the government. Later in the day Fadnavis announced that Shinde would be sworn in as the new chief minister today. Fadnavis had said he didn't want to be a part of the government. However, BJP's national president JP Nadda later said that that the party's leadership thought it was important for Fadnavis to be a part of the cabinet. On Wednesday, Uddhav Thackeray resigned as the Maharashtra chief minister, just after the Supreme Court refused to stay the Governor's directive to his government to take a floor test in the Assembly. Thackeray's resignation capped a week-long drama of resort politics, where rebel Shiv Sena MLAs led by minister Eknath Shinde camped in luxury hotels and hopped on chartered jets from Mumbai to Surat and Guwahati, before landing in Goa on Wednesday night.

From the Uddhav camp moving Supreme Court seeking disqualification of new CM Eknath Shinde and 15 MLAs to the new government overturning the previous MVA regime's order, the political crisis in Maharashtra continues.

07:01 AM EDT, 10/17/2024 (MT Newswires) -- Infosys ( INFY ) reported fiscal Q2 earnings Thursday of $0.19 per diluted share, up from $0.18 a year earlier. Analysts polled by Capital IQ expected $0.19. Revenue for the quarter ended Sept. 30 was $4.89 billion, up from $4.72 billion a year earlier. Analysts surveyed by Capital IQ expected $4.86 billion. The...

07:02 AM EDT, 10/17/2024 (MT Newswires) -- Springview said late Wednesday that it priced its initial public offering of 1.5 million Class A ordinary shares at $4.00 per share. The shares are set to list on Nasdaq under the ticker SPHL and begin trading on Thursday. Springview said the IPO is expected to raise $6 million in gross proceeds. The...

07:29 AM EDT, 10/17/2024 (MT Newswires) -- Price: 21.76, Change: +0.03, Percent Change: +0.14 ...

NEW YORK (Reuters) - Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose. New York-based Blackstone said it saw $41 billion of inflows during the third quarter, while it deployed and committed $54...

There were several important developments in the startup space during the day on Monday. Here are the top stories that made headlines in the startup universe.

There were several important developments in the startup space during the day on Tuesday. Here’s a wrap of all top startup headlines.

There were several important developments in the startup space during this week. Here are the top stories in the startup...

The Discovery Fund aims to identify and empower entrepreneurs and early-stage startups to leverage the potential of cryptocurrencies to address real-world problems.