Evening brief: Kejriwal's warning to bureaucrats after Supreme Court verdict
Here are today’s top news, analysis, and opinion. Know all about the latest news and other news updates from Hindustan Times. | Latest News India Key Points
Hindustan TimesCharting the global economy: Fed, ECB policies may diverge
The Fed chief said there was strong support for raising rates by 25 basis points. But he suggested officials may pause their tightening campaign in June to assess how the economy is responding to tighter credit conditions. Key Points
Economic TimesUmesh Revankar on how new RBI norms will impact Shriram Finance & what Paytm partnership means
“The NBFCs which are basically into asset-backed lending, may not have much challenge. But the NBFCs which are modelled on the unsecured loan may have a certain challenge in raising resources or even cost of raising resources. So it depends upon the individual NBFCs. But as an industry, I feel the NBFC will have an alternative option of raising resources from other sources.” Key Points
Economic TimesIndia's record high credit card spending indicates a potential risk
Credit card spending in India reached a historic high of 1.48 trillion rupees ($17.8 billion) in August, raising concerns about potential defaults. This surge in spending comes as indebted households are borrowing more in preparation for the festive season, highlighting a trend of increasing indebtedness and decreasing savings among Indians. Key Points
Economic TimesMark Zuckerberg raising cows by feeding them dry fruits and beer, says he wants to create world’s best beef
Billionaire Mark Zuckerberg ventures into sustainable beef production, raising eyebrows and sparking debate. While he touts the environmental benefits of his 'farm-to-table' approach, critics argue the ultimate aim is still to kill the cattle for meat. Key Points
India Today
CM Nitish Kumar proposes raising quotas for SCs, STs & OBCs in Bihar
Nitish says reservations for OBCs needs to be raised from 50% to 65%. For SCs & STs, which together account for 17% quota, he says limit should be raised to 22%. Key Points
ThePrintState Bank of India to raise up to $3 bn via debt in FY25
State Bank of India, the country's largest lender, has approved raising up to $3 billion via debt in the current financial year. The funds will be raised in one or more tranches through a public offer or a private placement of senior unsecured notes denominated in U.S. dollars or another major foreign currency. The purpose of the fund raise was not specified. This move comes as Indian banks are bolstering their capital base to meet increasing loan demand. Key Points
Economic TimesUS inflation shows signs of moderation
Policymakers at the Bank of England arent ready to call it quits yet after raising interest rates to the highest level since 2008 and signalled more may be needed. Inflation in the UK is still running far above the central banks target, especially as food prices refuse to abate. Key Points
Economic TimesDollar up vs euro but remains on track for weekly loss after inflation data
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose against the euro on Friday but was on track for its fifth straight weekly loss against the common currency, after slower U.S. consumer spending Key Points
ThePrintPakistan House passes Bill to meet IMF demands
Pakistan’s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the International Monetary Fund (IMF) for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. Key Points
The Tribune India
raising Kanan Season 3 Episode 7: Here’s release date, synopsis, upcoming episode schedule and more
Raising Kanan Season 3 continues with Episode 7, Where All Are Guilty, releasing on January 19. The series explores Kanan Stark's rise in the 1990s Queens drug trade, promising gripping developments ahead. Key Points
Economic TimesBlackRock-Backed Commodities Exchange Startup Abaxx Raises Cash
Abaxx Technologies Inc., a financial technology startup founded by a former Goldman Sachs Group Inc. commodity strategist, is raising fresh equity as it prepares to launch trading in commodities futures. Key Points
mintChatGPT consumes 17,000 times more electricity than an average US household daily
Artificial Intelligence (AI) is becoming a huge electricity guzzler, raising concerns about its environmental impact. OpenAI's popular generative AI - ChatGPT - alone is estimated to consume over half a million kilowatt-hours daily in order for it to respond to about 200 million user requests daily, as per a report. Key Points
India TodayDMK Lok Sabha MPs wear black robes to protest over non-allocation of funds to Tamil Nadu
DMK member G Selvam said they are protesting against Centre not releasing flood relief funds. It has been raising the issue for last few days both inside and outside Parliament. Key Points
ThePrintStocks in news: PNB, Tata Steel, Aarti Drugs, Swan Energy
Tata Steel received a notice from Uttar Pradesh State Pollution Control Board, imposing an environmental damage compensation of Rs 6.75 lakh. Key Points
Economic Times
Stocks in news: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore. Key Points
Economic TimesCharlie Sheen refers to his twin sons as single dad”
Charlie is currently occupied raising his two twins who are 14 years old. Max and Bob are the names of the two twins which he shares with his ex-partner Brooke Mueller. Key Points
Economic TimesRats chew on man's body at Uttarakhand mortuary, family alleges negligence
The man's brother, said that upon their initial visit to the mortuary, they noticed a broken lock on the freezer where the body was kept. Despite raising this concern with the hospital staff, they were reassured that the body would remain secure. Key Points
India TodayTitan board approves raising up to Rs 2,500 cr via NCDs
The board of Titan has also approved a proposal for availing long-term borrowings in the form of long-term unsecured loans up to a limit of Rs 1,000 crore from banking institutions. Titan shares have had a decent run this year with a gain of about 29%. The gems and jewellery stock hit a record high of Rs 3351 in mid-September, but quickly pared gains and went under price correction Key Points
Economic TimesSpotify raises prices for its premium plans in the US
Spotify Technology (SPOT.N) said on Monday it was raising the prices for its premium plans by $1 each in the United States, as the music streaming company looks to boost profitability in an uncertain economy. Key Points
ReutersIndusInd Bank holding co to raise $1.5 bn to fund RCap buy, increase stake in lender to 26 pc
Mumbai, Jul 3 (PTI) Hinduja group-owned IndusInd International Holdings (IIHL), the promoter of IndusInd Bank, on Monday announced a USD 1.5-billion capital raising plan to fund the proposed acquisition of Reliance Capital and increase its stake in the lender. The board of the Mauritius-registered IIHL also decided to increase its holding in the fourth-largest private […] Key Points
ThePrintStocks To Watch: Adani Enterprises, Godrej Consumer, SBI, SBI Cards, Paytm, Tata Power, Indian Energy Exchange
The SGX Nifty hinted at a negative start for the domestic indices BSE Sensex and NSE Nifty 50. Here's a look at the key stocks to watch in trade today. Key Points
FinancialexpressUS stocks: Wall Street ends down as debt-ceiling clouds hover
International Business News: US stocks fell, with the S&P 500 and the Dow Jones Industrial Average both down by 0.73% and 0.77%, respectively. The Nasdaq Composite dropped 0.61%. Key Points
Times Of IndiaNo plans to extend ALMM for renewable energy player: Official
The government earlier extended the ALMM by one year till March 2024 amid industry raising concerns over raw material availability and supply chain. ALMM was introduced to boost domestic manufacturing. The official further said that the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects . Key Points
Economic TimesSpiceJet jumps 6% after board approves raising Rs 2,500 crore via QIP
The company's board has also approved issuing equity shares of $29.5 million on a preferential basis to Carlyle Aviation Partners as part of the proposed restructuring plan reached with the lessor. Key Points
Economic Times