Unveiling China’s Shadow Bank Turmoil: Investors Protests Signal Economic Distress
STORY HIGHLIGHTS A group of investors staged a protest outside the office of Zhongrong International Trust Co, one of China's major shadow banks, after it once again failed to fulfill payments…
Retail Inflation Spikes To 7.44% In July – Exceeds RBI’s Accepted Limit
Overview: India's retail inflation witnessed a significant surge in July, reaching 7.44% year-on-year (YoY), compared to 4.87% in June, as reported by the National Statistical Office (NSO). Vegetable Prices Drive Inflation: The…
SEBI’s Unveiling: Adani-Hindenburg Report, Revelations and Rulings Await
India's Capital Markets Regulator Set to Submit Final Adani-Hindenburg Report India's capital markets regulator, the Securities and Exchange Board of India (SEBI), is expected to present its conclusive findings on…
Small Businesses Boost US Private Payrolls in July
WASHINGTON (Reuters) - U.S. private payrolls rose more than expected in July as small businesses boosted hiring, pointing to continued labor market resilience that could shield the economy from a recession.…
FM Sitharaman Proposes 28% GST on Online Gaming, Decision Reviewed in 6 Months
Union Finance Minister Nirmala Sitharaman announced that a 28% GST (Goods and Services Tax) on online gaming is expected to take effect from October 1, 2023. Review After 6 Months…
Fitch Downgrades US Credit Rating to AA+: Exploring the Impact and Reactions
Credit Downgrade and Its Reasons Fitch Ratings has downgraded the US' sovereign credit grade from AAA to AA+ due to ballooning fiscal deficits and erosion of governance. This deterioration in…
PhonePe introduces Income Tax Payment feature, allowing users to pay tax directly from app
In Short By Storritalk: It's that time of the year when all taxpayers are busy assessing their yearly income and finances to fill up Income Tax Returns (ITR). The last date…
Unveiling Absurdly Cheap Stocks: Hidden Gems or Time Bombs?
Key Points: PagSeguro Williams-Sonoma Conclusion Both PagSeguro and Williams-Sonoma are financially sound companies with growth opportunities and cheap stock prices. PagSeguro offers investors growth and value in one stock, while…
Got $1,000? 5 Warren Buffett Stocks to Buy and Hold Forever
Key Points 1. Kroger Kroger (KR) operates 2,750 grocery stores across the United States. It is the country's second-largest grocer, and its vertically integrated model, featuring private-label goods and in-house…
Rice Prices Set to Climb Further After India Export Ban, Trade at Standstill
Summary Introduction Asian rice trade paused on Friday to digest the previous day's ban by India, the world's biggest supplier, of a major share of its rice exports. This decision…
Paytm Reports 39% Rise in Quarterly Revenue
Summary Indian digital payments firm Paytm (PAYT.NS) witnessed a 39% rise in quarterly revenue, amounting to 23.42 billion Indian rupees ($285.68 million) in the three-months ending June 30, 2023. The…
Stunning 67% Profit Jump! India’s Kotak Bank Surprises – See Why!
Overview India's Kotak Mahindra Bank (KTKM.NS) exceeded market expectations by achieving a remarkable 67% year-on-year rise in quarterly net profit. The bank's impressive performance can be attributed to higher net…
