Beyond Financial News

Sri Lanka Cricket slashed ticket prices for the Asia Cup by up to 95 percent on Sunday after costs were hiked 40-fold and matches were played in near-empty stadiums. Tickets for one-day internationals in crisis-hit Sri Lanka have generally cost around 250 rupees ($0.78) previously. That was hiked to 10,000 rupees for the Asia Cup, which is being organised by the Pakistan Cricket Board despite largely taking place in Sri Lanka, and fans in the cricket-mad island country have stayed away in droves. Barely 7,000 home supporters turned out for Sri Lanka's Super Four clash against Bangladesh on Saturday at the 35,000-capacity R. Premadasa Stadium in Colombo, leaving the hosts facing the embarrassing sight of ranks of empty seats. In an attempt to lure them, back Sri Lanka Cricket announced a price cut of up to 95 percent Sunday for all remaining Super Four games, including the day's marquee clash between arch-rivals India and Pakistan, with tickets now costing as little as 500 rupees.

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Ind vs Pak, Asia Cup 2023: The high-voltage India vs Pakistan match is disrupted by high-intensity rains. While the precipitation has stopped now, the match is not expected to resume anytime soon as the ground staff is trying to fix the wet outfield. It seems like either it will come down to a 20-over clash or the match will be abandoned for today and will resume from the same point on the reserve day, i.e.

Recent food recalls have been spurred by foreign objects like rocks, insects and plastic

G20 Leaders' Summit in New Delhi has garnered widespread acclaim from global experts, with John Kirton, the Director of the G20 Research Group, hailing it as a «significant step forward in global governance.» Kirton's remarks come as the international community reflects on the summit's outcomes and implications for global diplomacy and cooperation. In an analysis of the New Delhi Declaration, Kirton emphasized that the G-20, representing the world's major economies, has taken on a pivotal role in shaping global governance. The declaration's breadth of coverage, spanning a wide spectrum of global issues, demonstrates the G20's growing influence and capacity to address multifaceted challenges. John Kirton said, «I think it is a significant step forward in global governance.

Giorgia Meloni, reportedly on Saturday, privately signalled to China's Premier Li Qiang that Italy is seeking to exit the Belts and Roads Initiative (BRI) agreement was signed four years ago. Earlier in July this year, Italy's Defence Minister Guido Crosetto has said that the BRI was an "improvised and atrocious" made by Italy while signing with China.

James Webb Space Telescope began beaming back from outer space its stunning images of planets and nebulae last year, astronomers, though dazzled, had to admit that something was amiss. Eight months later, based in part on what the telescope has revealed, it's beginning to look as if we may need to rethink key features of the origin and development of the universe. Launched at the end of 2021 as a joint project of NASA, the European Space Agency and the Canadian Space Agency, the Webb, a tool with unmatched powers of observation, is on an exciting mission to look back in time, in effect, at the first stars and galaxies.

Narendra Modi on 10 September along with G20 leaders and other heads of international organisations paid homage to Mahatma Gandhi at Rajghat. United Kingdom Prime Minister Rishi Sunak, Canadian Prime Minister Justin Trudeau, President of the Union of Comoros and Chairperson of the African Union (AU), Azali Assoumani, Nigerian President Bola Ahmed Tinubu, Spain’s Vice-President Nadia Calvino, Minister of Economy of United Mexican States, Raquel Buenrostro Sánchez paid homage to Mahatma Gandhi and also lay a wreath. PM Modi welcomed the leaders with a Khadi shawl with a cut out of Gandhi Ashram in the backdrop.

option strategies, explaining Tara the concepts of Strangles and Short Strangles. She also pointed out a significant drawback of short strangles, where a trader is exposed to unlimited risk, and a substantial directional market move can seriously dent their trading capital. To address this concern, Maya suggested two alternative approaches to Tara: using stop-loss orders or transforming both sold options into credit spreads by purchasing far out-of-the-money (OTM) options. This transformation turns the short strangle into a well-known strategy known as Iron Condor.Iron Condor: Tara, intrigued by the idea, asked Maya to elaborate on the Iron Condor and its popularity. Maya, appreciating Tara's enthusiasm for exploring new trading strategies, gladly obliged.

Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says “gold returns and equity returns are not very far off. If you manipulate the data a lot more, they will get even closer or gold will beat. But the reality is that gold has trailed equity return in India, but by a very slim margin. So, it makes sense to mix these assets together. Not just equity sectors but look at gold also as an asset class to diversify into.”You were making a case whether it is just an India market specific headwind which you see or globally too, things could get shaky in the middle.I think there are pockets in the US which are quite pricey. When you look at technology as a space, trading at 25-26 times trailing earnings, they are not cheap. History says that when you buy them, Nasdaq over a 3-year period hardly makes any money. Similarly, US largecaps are trading at 20 times trailing earnings and so not very cheap.

Puneet Chhatwal, MD & CEO, IHCL, says “the lasting impact of the G20 and the B20 that happened recently is far higher than just a few days of completely sold-out rooms. Of course, it helps, because that makes September a very extraordinary month, so that definitely is a positive tailwind for all of us and the good thing. Chhatwal further says: “But if we take a step back and do not look at only these one-off events, what we are witnessing in the last 16-18 months is that demand is outpacing supply. Supply is going to remain constrained. So, if the demand continues to outpace supply, the occupancy levels will be higher along with out ability to charge, which means the average rates will keep increasing.”Let us talk about the iconic hospitality that Taj is extending to thousands of dignitaries who have come to India to attend the G20 summit. What is your preparation? How excited are you and what is the hard work behind the scenes? This G20 presidency started almost a year ago and Taj has been at the forefront. The first few meetings of the Sherpa of G20, the kick off itself started at the Taj in Havelock in Andamans. The second one was on the terrace of Lake Palace in Udaipur, followed by Taj Mahal Palace in Mumbai, in The Chambers Lawns and that has been going on, whether it is Kumarakom or very recently almost 10 days ago we had the B20 meeting of the ministers at the Taj Rambagh Palace, followed by the two-day meeting at the Taj Palace in Delhi.

Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says “if somebody is willing to take a long-term bet, L&T definitely is a good buy. There may not be any miracles in the short term but if somebody is having, let us say, a two to three-year time horizon in mind, even at current level, L&T is a good buy. I will say the same thing for some of the other capital goods companies like Siemens and ABB. It is a secular positive cycle for capital goods companies.”It is a problem of plenty, I guess, within the industrial space, right? But let us start off with the pure play capital goods names, be it L&T, BHEL or even the smaller ones, what do you buy more and do you buy more at this juncture after the kind of spurt and run up that these stocks have seen?Well, I think, you know, it is a confluence of factors, which has kept these stocks moving. As far as L&T is concerned, we have been talking about the hydrocarbon opportunity, which is definitely there for L&T and that has started materialising. Look, with global oil prices moving up and almost hovering in the range between 75 and 90, I think a lot of opportunities are opening up in the Gulf and those hydrocarbon opportunities have started crystallising for L&T.

In the hustle-bustle of Chandni Chowk, there is a shop serving Indian snacks and sweets packed with love and flavours from its roots back in Bikaner. The Aggarwals of Bikaner in 1905, started an entrepreneurial dream with a modest shop tucked away in Rajasthan with the name Bikaner Namkeen Bhandar. In 1950, the Aggarwal sibkings moved to Delhi with dreams in their eyes to expand their empire, at present this small local business has become a favourite of every Indian and has expanded its sweet and savoury establishment throughout the country. As the country evolved, so did this business and in 1988, Shyam Sundar Aggarwal launched Bikano, an offshoot of Bikanervala, to sell products in air-tight packaging for Indians to keep in their home and enjoy them whenever they want to.

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Alliance and the Bharat 6G Alliance announced on September 9 they have signed a memorandum of understanding (MoU) to explore collaboration opportunities on 6G wireless technologies. The work will encompass aligning research and development priorities that support a common 6G vision and creating secure and trusted telecommunications as well as resilient supply chains, according to the statement. Launched by the ATIS, the Next G Alliance is an initiative to advance North American wireless technology leadership over the next decade through private sector-led efforts with the initial focus on 6G.

The decision by the Group of 20 of the world’s leading economies to admit the African Union as a permanent member is a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage

Morocco on Friday night. This tragic event marked the deadliest earthquake to hit the North African country in decades. Reports indicated that rescue teams were struggling to reach the most affected areas, as roads were blocked by debris. One witness had said, «We were hoping for miracles from the rubble.» Morocco's state TV channel Al Aoula, citing the interior ministry, has reported that the death toll from the earthquake in Morocco now stands at 1,037, with over 1,000 individuals injured. The ministry has also indicated that 721 people are in critical condition. This earthquake marks the deadliest to strike Morocco in many decades.

digital privacy, Apple has swiftly released its emergency software update, IOS 16.6.1, in response to the discovery of Pegasus spyware. Here's everything you need to know about this critical update.

greenhouse gas emission by 43% by 2030, and doubling provision of adapting finance by 2025, besides the global biofuel alliance. External affairs minister S Jaishankar noted the push by emerging markets’ towards reaching a consensus on Russia-Ukraine after several rounds of discussions and negotiations, but said that all countries had agreed on the issue that was leading to consequences for the global economy.

G20 Summit, it's a meeting marathon for Prime MInister Narendra Modi as every guest leader wants to talk to the host. During the summit, PM Modi is holding 15 bilateral meetings with other heads of states. But summit conferences are not just about bilateral meetings.

The Group of 20 top world economies welcomed the African Union as a member as their annual summit got underway Saturday, but their wording on the contentious issue of the war in Ukraine was limited to a call to avoid seizing territory by force or the u...