Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, reported an impressive profit of $138 billion in the first half of 2024, primarily driven by significant gains in technology stocks.

Norway's sovereign wealth fund achieves $138 billion profit in 2024, boosted by AI surge

Ola Electric, which recently made its stock market debut, reported a net loss of Rs 347 crore for the quarter ending June 30, 2024, marking a 30 per cent increase from the same period last year.

Ola Electric Q1 results: Net loss widens, revenue climbs 32%

In July, the US annual inflation rate slowed to 2.9 per cent, its lowest level since March 2021, according to the latest report from the US Labor Department. The Consumer Price Index (CPI), a broad gauge of prices for goods and services, rose by 0.

US inflation drops to 2.9% in July, lowest since 2021: Key fed decision looms

In a crackdown on digital lending apps, the Reserve Bank of India, in its recent monetary policy committee meeting, announced the creation of a Digital India Trust Agency (DIGITA).

India’s digital lending landscape: Is the RBI doing enough to curb online fraud?

Let's look at the Indian stock market reaction to the latest in the 19-month Hindenburg versus Adani group controversy. Compared to last year's over $150 billion rout in Adani group stocks and a crash in Indian benchmarks.

Domestic traders look past Hindenburg row

Yet another blow has come to Gautam Adani, one of the world's richest men and the founder of Adani Group. The latest set of accusations by activist short-seller Hindenburg Research this week led to a heavy share sell-off at Adani's group of companies, wiping off around $2.

Adani empire in the spotlight as Hindenburg strikes with fresh allegations

The US-based Hindenburg Research, known for its forensic financial investigations and short-selling strategies, claimed that the Securities and Exchange Board of India had failed to act on its report from 2023 in which it levelled charges of financial misconduct by the Adani Group.

How does Hindenburg Research capitalise on its high-profile revelations?

In a surprising move, Vedanta Ltd, led by Anil Agarwal, has received board approval for an Offer For Sale (OFS) of its 2.6 per cent stake in Hindustan Zinc (HZL) through the stock exchange.

Vedanta Board Approves Sale of 2.6% Stake in Hindustan Zinc

According to market strategists, the unwinding of 'carry trades' may still have more to run. Carry trades involve borrowing in currencies with low interest rates, such as the Japanese yen, and investing in higher-yielding assets.

Carry trade unwind: Strategists warn it may not be over yet

There was outrage over the Hindenburg Research report that made new allegations relating to offshore funds against the Securities and Exchange Board of India chairman, Madhabi Puri Buch.

Financial commission of Mauritius debunks Hindenburg's offshore allegations

David Roche, a seasoned investor and a strategist at Quantum Strategy, warns that a bear market could hit in 2025, driven by a combination of factors: smaller-than-expected rate cuts, a slowing U.

David Roche Predicts Bear Market in 2025 Due to Economic Factors & AI Bubble

Fitch Ratings has downgraded Israel's credit rating from 'A-plus' to 'A' in response to escalating geopolitical risks linked to the ongoing conflict in Gaza. The agency also maintained a negative outlook on the rating, signalling that further downgrades could be possible if the situation worsens.

Fitch downgrades Israel's credit rating amid rising West Asia tensions

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Zee News Rajasthan

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