A federal court in Brazil sentenced 14 people to jail for laundering more than 508 million reais ($95 million) from international drug trafficking and other violent crimes, wrapping up a years-long investigation into a sophisticated criminal network spanning multiple states. The two group leaders were each sentenced to over 21 years in prison, while other…
IMF MD Kristalina Georgieva IMF managing director Kristalina Georgieva said that artificial intelligence can fulfil India’s ambition of Viksit Bharat while boosting global growth by 0.8%.Speaking at the AI Impact Summit, Georgieva cited research by the International Monetary Fund and said that AI could accelerate growth significantly across the world. ‘Crucial Role For India In…
Kolkata: ITC Ltd has reported a 5% year-on-year rise in standalone net profit from continuing operations for the fourth quarter of the last fiscal, at Rs 5,113.3 crore. The growth came despite a higher GST rate and a steep increase in excise duties, while West Asia conflict weighed on profitability.The Kolkata-headquartered company had seen a…
NEW DELHI: US President Donald Trump and his Chinese counterpart Xi Jinping were among the global leaders who extended greetings to the Indian govt and people on Republic Day. While Trump underlined the significance of ties between the world’s oldest and largest democracies, Xi said in a message to President Droupadi Murmu that India and…
Traders have quickly re-priced the macro backdrop as the probability of a 25 bps cut at the upcoming FOMC meeting has surged from 39% to almost 87% in a matter of days. Source link
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MUMBAI: With arch-rivals India and Pakistan set to face off in the T20 World Cup in Colombo on Sunday, ad rates for the match have soared. Companies are rushing to book slots to place their brands and cash-in on the huge viewership the game is likely to attract. Ad rates for a 10-second TV slot…
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US consumer confidence weakened in May as concerns grew over inflationary pressures linked to the Iran conflict. Households also remained largely pessimistic about labor market conditions, although many expected improvement later in the year. Investors are now awaiting comments from Federal Reserve officials, including Philip Jefferson and Lisa Cook, for further clues on how inflation…
Besides, both core and headline readings may be seen as stale, or backward looking, considering the recent slide in oil prices. WTI crude futures have dropped to $70, significantly below the $100-plus level seen during the Iran war in March and April. Headline inflation is expected to hit 4.1%, the highest since early 2023, driven…
