Latest Business News, Live Updates Today August 5, 2024
Latest business News, Live Updates Today: Get real-time updates on the biggest news from the world of business, stock market and more.
Latest news on August 5, 2024: Bangladesh crisis: A policeman aims his weapon at protesters during a curfew imposed following violence during protests against Prime Minister Sheikh Hasina and her government, in Dhaka, Bangladesh.
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Aug 5, 2024 9:41 PM IST
Business News LIVE Updates : LIC says its office in Bangladesh to remain closed till August 7
- Bangladesh crisis: The government of Bangladesh has declared a curfew for 3 days from August 05, 2024, to August 07, 2024, LIC said.
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Aug 5, 2024 9:32 PM IST
Business News LIVE Updates : Magnificent 7 loses $1 trillion as Apple, Nvidia stocks see worst days since 2020: Top points on US market crash
- US stock market crash: The shares of US tech companies saw their sharpest decline since the beginning of the Covid-19 pandemic.
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Aug 5, 2024 9:24 PM IST
Business News LIVE Updates : US trading brokerages face disruption amid big market crash: Which are affected?
- User reports appeared to peak around and just before 10 a.m. ET, data from outage tracker Downdectector shows.
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Aug 5, 2024 8:25 PM IST
Business News LIVE Updates : Sebi amends mutual fund rules to curb insider trading and front-running, AMCs to have whistleblower mechanism
- The management of AMCs will be responsible for the effectiveness of the mechanism, and AMCs must also now have a whistleblower mechanism.
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Aug 5, 2024 8:14 PM IST
Business News LIVE Updates : US may propose barring Chinese software in autonomous vehicles: Report
- Automakers and suppliers would have to verify that none of their advanced autonomous vehicle software was developed in a “foreign entity of concern” like China
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Aug 5, 2024 7:55 PM IST
Business News LIVE Updates : Elon Musk sues OpenAI CEO Sam Altman and President Greg Brockman, says ‘deceit is of Shakespearean proportions’: Report
- Elon Musk who co-founded OpenAI in 2015 sued CEO Sam Altman and President Greg Brockman for fraud and breach of contract
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Aug 5, 2024 7:02 PM IST
Business News LIVE Updates : Apple iPhone 15 prices drop in India ahead of iPhone 16 launch
- iPhone 15 prices drop as the iPhone 16 is expected to launch on September 10, though Apple hasn’t officially announced a specific date
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Aug 5, 2024 5:05 PM IST
Business News LIVE Updates : ITR 2024: Waiting for income tax refund? Tax refund rules to know about
- Income tax refund becomes applicable when taxes paid exceed the tax liability, which includes TDS, TCS, as well as advance tax and self-assessment tax
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Aug 5, 2024 3:47 PM IST
Business News LIVE Updates : US unemployment data triggers Sahm Rule recession warning, but rule inventor says recession may not come
- The Sahm Rule, which has a consistent accuracy rate of 100% going back to every recession since the early 1970s, is reading is 0.53% currently
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Aug 5, 2024 3:38 PM IST
Business News LIVE Updates : Planning to invest in PSU stocks amid stock market crash? What you must know
- Defence PSU stocks including Bharat Dynamics, Bharat Electronics, Hindustan Aeronautics and BEML fell up to 6 per cent.
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Aug 5, 2024 3:10 PM IST
Business News LIVE Updates : Byju Raveendran files caveat in Supreme Court expecting challenge to NCLAT order
- The plea comes after the NCLAT accepted settlement between Byju Raveendran and Board of Control for Cricket in India (BCCI).
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Aug 5, 2024 2:28 PM IST
Business News LIVE Updates : Google, Amazon, Walmart seek to join RBI’s digital currency project: Report
- Indian fintech firms Cred and Mobikwik are the other two that have applied to join the pilot, the report claimed.
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Aug 5, 2024 2:19 PM IST
Business News LIVE Updates : How does IndiGo’s business class compare to others in market?
- IndiGo announced its plans to have a business class on select business and busiest routes by the end of the year in May.
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Aug 5, 2024 2:15 PM IST
Business News LIVE Updates : Global market crash: SoftBank Group shares fall most since going public in 1998
- SoftBank stock fell 19%, extending its decline for the September quarter so far to 38%, in line to be the biggest such drop since 2001.
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Aug 5, 2024 1:39 PM IST
Business News LIVE Updates : Amid stock market rout, Anand Mahindra’s advice: practice prayanama and play the long game
- Mahindra Group chairman Anand Mahindra said that it was time to play the ‘long game’ in Indian stock markets.
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Aug 5, 2024 1:35 PM IST
Business News LIVE Updates : IndiGo flyers can avail 18% discount, new business announced: All you need to know
- Indigo gives an 18% discount for the airline’s 18th anniversary and announces a new business class product called ‘IndiGo Stretch’
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Aug 5, 2024 1:19 PM IST
Business News LIVE Updates : Global markets crash: What is carry trade and how does it impact yen and India?
- The BoJ raised its short-term policy rate from -0.1% to between 0 and 0.1%. Experts believe the move is expected to have an adverse impact on carry trade.
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Aug 5, 2024 1:00 PM IST
Business News LIVE Updates : Apple iPhone 16 September launch confirmed despite Apple Intelligence delay reports
- Apple will be launching the iPhone 16 in September despite having postponed releases of important products in the past due to software features not being ready
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Aug 5, 2024 12:56 PM IST
Business News LIVE Updates : Bitcoin plunges, Ether sees worst drop since 2021 amid US recession fears
- Bitcoin has fallen alongside other assets including global equities in a broad selloff as investors fear a US recession could be on the horizon.
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Aug 5, 2024 12:48 PM IST
Business News LIVE Updates : How volatile is Indian stock market? Should you buy, hold or sell?
- Stock market crash: India VIX, barometer to assess market anxiety and volatility, skyrocketed 52 per cent in a single day to 22- highest since August 2015.
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Aug 5, 2024 12:34 PM IST
Business News LIVE Updates : Warren Buffett says Steve Jobs once called him for investment advice but ignored it: ‘He didn’t do anything’
- Steve Jobs had called to get advice on what to do with Apple’s huge cash pile, Warren Buffett recounted.
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Aug 5, 2024 12:14 PM IST
Business News LIVE Updates : Will US economy go into recession? Goldman economists lift ‘limited’ risk to 25%
- Goldman said US economy continues to look “fine overall,” there are no major financial imbalances and Federal Reserve has a lot of room to cut interest rates.
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Aug 5, 2024 11:44 AM IST
Business News LIVE Updates : Adani stocks fall up to 6% today. Here’s why
- Adani Group Chairman Gautam Adani said that he plans to step down at 70 and shift control to his scions in the early 2030s.
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Aug 5, 2024 11:43 AM IST
Business News LIVE Updates : Japan’s Nikkei falls 13% in its worst one-day loss since ‘Black Monday’ of 1987
- The Nikkei index was down 12.9 per cent at 31,290.63. It dropped 5.8 per cent on Friday and it is headed for its worst two-day decline ever.
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Aug 5, 2024 11:18 AM IST
Business News LIVE Updates : Stock market crash: Sensex down 2,000 points, ₹10 lakh crore wiped out today
- Stock market crash: Both Sensex and Nifty were down and most of the other broader market indices were also trading in negative territory.
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