After losses in the last week, the short-term trajectory of domestic equities is seen as weak, and investors may sit on the fence looking for fresh cues, as the earnings season draws to a close. Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday … Read more
At the beginning of the Russian invasion of Ukraine, with Moscow’s troops just a few miles away from Kyiv, a sudden explosion from an incoming mortar sent shock waves through the glass of one of the largest greenhouses in the outskirts of the capital. Despite the chaos, a few hours after the blast a small … Read more
Cost-of-living pressures have helped supermarket giant Coles to a 4.8 per cent profit boost, but organised crime is increasingly threatening its bottom line. The company on Tuesday reported supermarket sales revenue for the last financial year grew by 6.1 per cent, with cash profit rising to $1.1 billion from $1.05 billion the previous year. Customers … Read more
Trideep Bhattacharya, CIO, Edelweiss MF, says: “It will probably take the next year for that improvement to come through. But the valuations over the next one or two quarters would be such that they may be good to add. On net balance, we were underweight on IT by about 300 bps at the end of … Read more
Nadine Dorries or Jacob Rees-Mogg? Jeff Bezos or Elon Musk? Uefa or the European Super League? Yes, sometimes life seems like a succession of Hobson’s choices. Last week the European court of justice (ECJ) ruled that Uefa, which oversees European football, and the game’s global body, Fifa, acted unlawfully in threatening sanctions against players and … Read more
(NewsNation) — CEO and co-founder Niraj Shah announced the company’s return to profitability, stating Wayfair is “back to winning,” in an email obtained by Business Insider from Wayfair employees. However, Shah made it clear that success comes with hard work, urging employees to be frugal and diligent in their efforts. “Think of any company money … Read more
Soccer star Sam Kerr earned an eye-watering $3.3 million last year thanks to her football salary and major sports brand endorsements. The Matildas skipper, who holds Australia’s all-time goal-scoring record, captured the hearts of the nation in the 2023 FIFA Women’s World Cup after leading Australia to fourth place. Kerr was among the highest-paid players … Read more
BJP on Thursday reacted strongly to questions raised by Congress leader Rahul Gandhi, based on reports in the international media. BJP said that some people were rattled by India’s growth outlook under the Modi government and were trying to malign the image of the country. BJP national spokesperson Syed Zafar Islam told ETthat India is … Read more
Polish farmers have ended their blockade of one of the border crossings between Ukraine and Poland and the movement of lorries has been fully restored, the Ukrainian border service has said. “Truck traffic has been restored: Polish farmers have ended the blockade in front of the Medyka-Shehyni crossing,” the service said on the Telegram messaging … Read more
Millions of Australian graduates have been notified that HECS/HELP debt repayment rates have risen. The threshold for the 2023-24 financial year has been raised, the Australian Taxation Office told former students in an email. Last financial year, those earning more than $48,361 had to make compulsory payments. However, this year, graduates who earn $51,550 or … Read more
