After moving sharply lower in early trading, stocks continue to see significant weakness in afternoon trading on Tuesday. The tech-heavy Nasdaq staged a recovery attempt in late morning trading but has since rejoined its counterparts firmly in the red. The major averages have seen further downside in recent trading, falling to new lows for the session. The Dow is down […]

‘It will be best for investors to have a systematic investment plan in mid-cap and small-cap funds with a three-/five-year horizon.’ The outcome of the Jackson Hole symposium has kept global equity markets choppy the past few weeks. Mahesh Patil, chief investment officer at Aditya Birla Sun Life Asset Management Company, in conversation with Puneet Wadhwa/Business Standard says the upside […]

The Director General of Goods and Services Tax Intelligence (DGGI) has slapped its heftiest tax notice of Rs 21,000 crore on Bengaluru-based Gameskraft Technology (GTPL) for allegedly evading GST on the betting amount. Gameskraft has dubbed the notice a “departure from the well-established law of the land”. The company is accused of promoting online betting through card, casual and fantasy […]

Kwasi Kwarteng grilled by Kuenssberg over tax cuts We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info John Bromhead, currency strategist at Australia & New Zealand Banking Group warned […]

Anxiety gripped world markets ahead of the Fed’s two-day policy meeting. The Fed is widely believed to continue with its rate hiking spree to combat inflation that has been persistent. While most participants are betting on a 75-basis points hike, a 100-basis points hike also appears not ruled out yet. Asian stocks finished with deep losses. European stocks are trading […]

Traffic deaths are on the rise in the United States, according to a recent report from the National Highway Traffic Safety Administration. An estimated 20,175 people were killed in motor vehicle crashes from January through June 2022, up 0.5% from the same period in 2021 and the most in the first half of any year since 2006. (Here is a […]

Ford CEO Jim Farley cannot count. His company is short on the supply of the blue oval badges that are put on Ford vehicles to show that they are Fords. It adds to the string of problems which include third quarter expenses that will be $1 billion above expectations, and the debacle of price increases for the new Ford F-150 […]