Business

There are multiple reasons why the US economy could be heading straight towards an impending recession, a factor that has already raised alarms in the US stock markets, as well as across employment sectors and businesses in the country.

Bitcoin has seen steady growth, recovering from $54,000 to $58,000. Key events included the FBI's report on crypto scams, the U.S. losing $4.8 billion, and the release of CPI data indicating better-than-expected inflation numbers. The crypto community now awaits the upcoming FOMC meeting for potential interest rate cuts.

LG Electronics is considering an IPO of its Indian business, aiming to raise up to $1.5 billion. Banks like Bank of America, Citigroup, JPMorgan, and Morgan Stanley have been appointed for the potential offering.

A blast occurred at the intersection of Blochmann Street and S N Banerjee Road in Kolkata, injuring a rag picker on Saturday. The victim was taken to NRS Hospital with a wrist injury. The police quickly cordoned off the area, and the Bomb Detection and Disposal Squad declared it safe. Investigations are ongoing.

The Mumbai bench of the NCLT decided to withdraw the merger order after both parties mutually agreed to terminate the scheme, as outlined in their settlement agreement.

Narendra Modi launched the Anusandhan National Research Foundation with a Rs50k crore budget over five years to align academic research with industry needs. The initiative aims to avoid inefficiencies seen in the US system and leverage India's strengths in practical applications, exemplified by IIT Madras's successful industry-academic collaborations.

The proposed acquisition will enable the company to enter into the green and alternate fuels segment which is expected to witness strong and accelerated growth in the coming years, Lumax Auto said in a statement.

In the last two years, we have been growing at 5-6% in terms of crude oil and natural gas production. This is on top of a natural decline (in existing production) of 12%. So, the net growth is 6%, gross growth is 18%," he said.

Public holiday on September 16, 2024 is cancelled.

Inflation Calculator: Assuming that the annual inflation rate will remain at 4% over the long term, the future value of Rs 1 lakh will still significantly decrease over time, underscoring the importance of accounting for inflation in long-term financial planning.