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Earnings, macro data, global trends to dictate markets this week: Analysts

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Markets this week would be guided by the ongoing quarterly earnings, macroeconomic data announcements and global trends, analysts said. The government will release industrial production data for June and inflation data for July this week. The RBI has revised its retail inflation forecast to 5.7 per cent, up from the earlier 5.1 per cent due to price pressure on account of supply constraints and high crude oil prices. With the ebbing of the second COVID wave, the RBI has retained its GDP growth forecast for the current fiscal year ending…

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NEWS CATEGORIES WORLD NEWS 

Once lagging, Europe catches up to the US in vaccinations

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Despite a sluggish start, the European Union’s COVID-19 vaccination drive has caught up to that of the United States, where the slowdown of the country’s once-vaunted campaign has contributed to the virus’s deadly comeback. In mid-February, less than 4 per cent of people living in the 27-nation EU were at least partially vaccinated against the coronavirus, compared with nearly 12 per cent in the US, according to Our World in Data, an online science publication connected to the University of Oxford. Now the EU has surpassed the US by that…

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NATIONAL NEWS NEWS CATEGORIES 

Kozhikode crash: AI Express offers final compensation to all injured flyers, next of kin of deceased

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Air India Express said it has made final compensation offers to all 165 passengers, who were injured and the next of kin of 19 flyers who died in the plane crash, in Kerala’s Kozhikode district last year. According to the airline, 80 out of the 165 injured flyers have taken up the offers as on August 6. The airline is awaiting acceptance of the offers from the remaining 85 injured flyers and the next of kin of the 19 deceased passengers. “We have not received any rejection on the offers…

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NEWS CATEGORIES SPORTS 

Tokyo 2020: Neeraj Chopra soars to end generations of heartache

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More than half a century after Milkha Singh looked back for a fraction of a second and 37 years after PT Usha forgot to dip at the finish line resulting in heart-breaking fourth-place finishes, the glorious flight of Neeraj Chopra’s javelin gave the country its first-ever track and field medal, a gold. Chopra’s speed on the runway, the wide block, long pull of the throwing arm, wonderful alignment of the spear with his motor movements and balance came together on the day it mattered most as he was the supreme…

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NEWS CATEGORIES WORLD NEWS 

Singapore minister warns of more COVID-19 cases as economy opens up

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Singapore’s Health Minister Ong Ye Kung has warned that more people will come down with COVID-19 as the trade and financial hub opens up its economy and moves towards treating the virus as an endemic. “Our companies cannot grow if businessmen and managers cannot travel overseas to meet clients and partners. MNCs (multinational corporations) will find it hard to invest here if their people are not able to travel in and out of Singapore,” the minister stressed. “And if this continues, our ability to create jobs, earn a living will…

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ENTERTAINMENT NEWS CATEGORIES 

Shooting for Doctor G!’ in Prayagraj will bring back deluge of emotions: Ayushmann Khurrana

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Actor Ayushmann Khurrana says filming the next schedule of his upcoming movie “Doctor G!” in Uttar Pradesh’s Prayagraj will take him on the trip down memory lane. The campus comedy-drama, directed by Anubhuti Kashyap, will see the 36-year-old Chandigarh-born actor play Dr Uday Gupta. Khurrana, who earlier visited Prayagraj during his time on reality show “Roadies”, said he was amazed by the “history, heritiage and architecture”of the city. I still remember getting mesmerised by its history, heritage and architecture. Prayagraj sees the confluence of three rivers – Ganga, Yamuna and…

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BUSINESS NEWS CATEGORIES 

Sensex, Nifty open marginally higher ahead of RBI’s Monetary Policy

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Equity benchmark indices Sensex and Nifty opened marginally higher on Friday ahead of the Reserve Bank of India’s monetary policy decision. The 30-share index was trading 54.98 points or 0.10 per cent higher at 54,547.82, while the broader NSE Nifty inched 17.50 points or 0.11 per cent higher to 16,312.10. The RBI will announce its bi-monthly monetary policy amid expectations that it may opt for status quo on interest rates on account of inflationary concerns. IndusInd Bank was the top gainer in the Sensex pack, rising around 3 per cent,…

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NATIONAL NEWS NEWS CATEGORIES 

Mizoram stares at fuel shortage amid border row, orders rationing

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The Mizoram government ordered rationing the purchase of diesel and petrol as the movement of vehicles, including the tankers carrying fuel, continued to remain shut on National Highway-306. The order issued by the Food, Civil Supplies and Consumer Affairs Department on Friday said that the state could face a huge crisis of fuel, which comes via neighbouring Assam, due to the inter-state border dispute. “All filling stations are instructed not to issue petrol and diesel beyond the permitted quantities. Only those vehicles that go to filling stations will be issued…

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NEWS CATEGORIES SPORTS 

Bronze lost but hearts won: Indian women’s hockey team signs off 4th at Olympics after narrow loss

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The history-making Indian women’s hockey team’s dream of securing its maiden Olympic medal remained unfulfilled as it lost 3-4 to Great Britain in a hard-fought bronze play-off but the stout-hearted side managed to record its best ever finish at the Games here on Friday. The team had already created history and surpassed all expectations by entering the semifinals of the Games for the first time. But the maiden Olympic medal remained out of bounds as world no.4 Great Britain, who were gold-winners in the 2016 Rio Games, came out on…

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BUSINESS NEWS CATEGORIES 

Apple to scan US iPhones for images of child abuse

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Apple unveiled plans to scan US iPhones for images of child abuse, drawing applause from child protection groups but raising concern among some security researchers that the system could be misused by governments looking to surveil their citizens. Apple said its messaging app will use on-device machine learning to warn about sensitive content without making private communications readable by the company. The tool Apple calls neuralMatch will detect known images of child sexual abuse without decrypting people’s messages. If it finds a match, the image will be reviewed by a…

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