Beyond Financial News

Victoria abandoned plans to host the Commonwealth Games in 2026 because the 12-day event would cost up to $7 billion, rather than the $2.6 billion originally budgeted, Premier Daniel Andrews says.

₹1,500 crore through a mix of debt and equity to fund the twin stake purchases in rival mattress maker Kurlon Enterprises Ltd and House of Kieraya Pvt. Ltd, the owner of furniture rental startup Furlenco, said senior company executives. “We will fund the acquisitions through the mixture of equity, debt and internal accruals," Sheela Foam chairman and managing director Rahul Gautam said in an interview on Monday.

Also read: Global weather alert: Heatwave engulfs US, Europe, Japan while floods wreak havoc in India and South Korea The prolonged extreme heat poses challenges to communities, with the international charitable organisation Salvation Army has been providing relief to individuals through cooling centres and mobile outreach for homeless. Scientists warn that climate change, caused by CO2 emissions from burning fossil fuels, intensifies heatwaves and urges governments to take drastic actions to prevent a climate catastrophe. Also read: US heatwave: Record high temperature in California, Florida, Las Vegas.

Joe Biden in a TV interview, calling him 'stupid'. During an interview with Wayne Allyn Root of Real America's Voice, Trump said, “I never went after Biden as I could have because of respect for the presidency". Trump, who remains the leading contender in the polls for the GOP presidential nomination, added, "He's a stone-cold crook.

«And given the stock price has come down today by, I think, about 7% or 8%, there is only some open offer arbitrage that seems to be on the table,» says Deepak Shenoy, Founder, Capital Mind.You have got a chance to look at this one, Route Mobile.We are looking, to be honest, we do not know for sure if this is our full understanding yet. I think more will come after the call. The parent company is owned by, I think, the Belgian government.

Advertising and consumer promotion expenditure is expected to surge a record 20-25% year-on-year in the second half of 2023, spurred by factors such as the Cricket World Cup, a rainy summer that has led companies to postpone ad spends, and the festive season, said executives. Spending is expected to be led by sectors such as ecommerce, fast-moving consumer goods (FMCG), travel and hospitality, apparel and fashion, fintech, banking, retail and automobiles, they said.

HDFC Bank Monday beat D-Street estimates to register a 30% on-year rise in its net profit for the June quarter, the last three-month period for which India's most-valued lender reported standalone performance, buttressed by lower provisions toward doubtful advances and higher core income. Profit climbed to ₹11,951.7 crore, beating estimates of ₹11,375.1 crore drawn from analysts polled by Bloomberg. The bank, which merged with its mortgage-lending parent HDFC from July 1, had posted profits of ₹9,196 crore in the same period last year.

Fortnite enthusiasts can look forward to the release of Fortnite Chapter 4 Season 4, which is expected to drop in a few months. Let's explore what we currently know about the forthcoming season. Although it may feel like Fortnite Chapter 4 Season 3 just began, this season has been marked by a multitude of collaborations, including The Witcher, Nike, and soon Lego as well. Fortunately, for those who may not be particularly drawn to the new jungle-themed Wilds season, Fortnite Chapter 4 Season 3 is anticipated to be one of the shortest seasons in the game's history. Consequently, players won't have to wait too long before they can experience fresh map content. Assuming everything proceeds as planned, Fortnite Chapter 4 Season 4 is slated to commence in August. It is advisable to complete the Chapter 4 Season 3 Battle Pass before that time, enabling you to deploy Optimus Prime on the battlefield. As stated on the in-game Fortnite Battle Pass page, Fortnite Chapter 4 Season 3 is scheduled to conclude on August 25, 2023. Accordingly, depending on the timing of the update, Chapter 4 Season 4 is likely to launch either on August 25, 2023, or in the early hours of August 26. It's worth noting, however, that Epic Games has previously postponed seasons from their originally planned start dates. Consequently, there is a possibility that Chapter 4 Season 4 could also experience a delay. Nevertheless, any potential delay is unlikely to extend beyond a week.

Demand created from a record influx of immigrants could be one factor keeping inflation higher for longer than anticipated, some economists say, though Bank of Canada governor Tiff Macklem doesn’t appear overly worried about it.

Market volatility is one of the foremost reasons why institutional Web2 clients stay away from the crypto space. These clients believe that cryptocurrencies are too ‘unstable’ to venture into. Furthermore, those intending to integrate their Web2 operations into Web3 are always skeptical about such a move due to the issue of blockchain interoperability.

At the nexus of GameFi, Web3, and financial literacy lies PiP World – an immersive gaming platform set to revolutionize how we understand and interact with finance. Leveraging the power of blockchain technology, this NFT game provides an engaging medium to explore the financial world.

Private equity-backed Pathstone continues its rapid pace of growth with the announcement that it is acquiring $17 billion multifamily office firm Veritable from Affiliated Managers Group.

NCP leader Ajit Pawar and party chief Sharad Pawar may have made Congress and Shiv Sena (Thackeray) faction suspicious of the patriarch's intentions. Ajit met his uncle with 30 MLAs supporting him at the YB Chavan centre on Monday to persuade him to join the rebels and avert a party split. There were two more developments that may have caused a heartburn among Pawar's allies.

I currently have 25 mutual fund schemes in my portfolio. There are several theme-based funds, sector-based funds and diversified equity funds across large-cap, mid-cap, small-cap and flexi-cap categories. Additionally, I have invested ₹10 lakh in a large-cap fund. Does having a larger number of funds help with diversification or should they be rationalized? —Name withheld on request We think having more than 15 funds would make it very difficult to manage the investment portfolio.

Vistara CEO Vinod Kannan on Monday said the airline will submit its response to the Competition Commission's queries on the proposed merger with Air India by the end of this month and expressed confidence of receiving all regulatory approvals by early next year. The Competition Commission of India (CCI) has sought more details on the merger of Vistara with Air India, a deal that was announced in November last year. «There are certain questions that have been asked.

MUMBAI : I never thought the last days of my youth would be spent worrying about a home loan," said Rahul, days before he entered his mid-thirties. “You turn 36, my dear," his wife Pooja, who had taken a break to complete her PhD in economics, replied. “I didn’t know 36 was young these days." “Well, the trouble with youth is that one assumes it will continue forever," replied Rahul.

New Delhi: As many as 13.5 crore people moved out of multidimensional poverty between financial years 2015-16 and 2019-21, according to NITI Aayog’s ‘National Multidimensional Poverty Index. The report titled ‘National Multidimensional Poverty Index: A Progress Review 2023’ released on Monday showed a decline of 9.89 percentage points in the number of India’s multidimensionally poor from 24.85% in FY16 to 14.96% in FY21, according to the second edition of the National Multidimensional Poverty Index (MPI).

Stocks finished the week higher following the CPI report, which showed softer than expected core CPI. Again, as I have noted a few times, the stock market inflation fantasy will get harder from here. The easy comparables are now behind us, and to see the headline inflation rate finish the year around 3%, prices will need to be flat for the year’s balance.

The price of Terra Luna Classic (LUNC) has jumped by as much as 5% in the past 24 hours, with the altcoin currently sitting on a 13% gain in the last seven days.

Jane Birkin, a cherished British actress and singer, has sadly departed at the age of 76. She captured the hearts of audiences in France and beyond with her talent and charm. Birkin peacefully passed away at her residence in Paris, leaving behind a remarkable legacy that will be fondly remembered by her admirers across the globe.

Reuters. "These players can no longer argue there is a lack of regulatory clarity, as our framework makes clear the standards that should apply." Schindler said.