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Duncan MacIness (pictured) co-manages the Ruffer Investment Company alongside Jasmine Yeo.

Sanjiv Somani had been on the top job at Nutmeg for under a year.

Maritime Self Defence Force (JMSDF) and the Royal Australian Navy (RAN) will participate in the excercise, it added. The Malabar series of maritime exercise commenced in 1992 as a bilateral exercise between Indian Navy and US Navy and has grown in stature over the years to include four prominent navies in the Indo-Pacific Region. The 2020 edition witnessed the maiden participation of the Royal Australian Navy (RAN).

INS Sahyadri and INS Kolkata will participate in Exercise MALABAR 2023, which is being hosted by the Royal Australian Navy from August 11 to 21. Other than India, US Navy (USN), Japan Maritime Self-Defence Force (JMSDF) and the Royal Australian Navy (RAN) are also participating in the exercise, according to the statement released by the Ministry of Defence. It is pertinent to mention here that this is for the first time that the Royal Australian Navy is hosting the exercise.

Global stocks climbed while Treasuries traded flat as investors awaited US inflation data for cues on the Federal Reserve’s next steps. European gas prices advanced on concern about potential industrial action in Australia. 

The 30-share Sensex fell 307 points to settle at 65,688, while the broader Nifty ended at 19,543. Sectors sensitive to domestic interest rates like banks and financial services stocks were among the top losers as Nifty Bank fell 0.76%.

Zee-Sony merger: After the news break by various television channels in regard to Zee-Sony merger, Zee Entertainment Enterprises Limited or ZEEL share price witnessed huge buying interest and ZEEL share price ascended from intraday low of ₹239.05 apiece to intraday high of ₹278.55 apiece within few minutes of of this stock market news spread. Comparing with Wednesday close of ₹242.25 per share levels, ZEEL share price today logged an intraday gain of around 15 per cent during Thursday deals.

NCLT on Thursday, as per TV reports, approved the merger between an Indian unit of Japan's Sony and India's Zee Entertainment , granting a key regulatory approval in the merger, which was announced in 2021 but has been delayed for multiple reasons.

China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. The decision was announced by China's culture and tourism ministry on Thursday, effective immediately. Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that.

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Osaka Gas Co. and Sumitomo Corp.

₹19 crore in advance bookings, according to a report published by Sacnilk.com. In India alone, the film has earned ₹12.8 crore, while it has collected ₹6.64 crore by selling 37,000 tickets in the United States, said trade analyst Manobala Vijayan. Rajinikanth's much-awaited Jailer movie has hit the big screens today, August 10.

WeWork shares approached zero on Wednesday after the one-time startup darling warned it could go bankrupt in a stunning reversal of fortune for a company that was once privately valued at $47 billion. The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann. WeWork's woes did not abate in subsequent years.

«I think China is headed to a serious problem of deflation and we saw that with the numbers today and that means that they are going to have to do a lot to prop up economic activity,» says Peter Cardillo, Spartan Capital Securities.In light of the current deflation that is getting reported in China, how do you think the government is going to react? Are you expecting stimulus measures? Are you expecting tax cuts? What exactly do you expect the government to do? Do you think there is going to be higher spending by the government?I think China is headed to a serious problem of deflation and we saw that with the numbers today and that means that they are going to have to do a lot to prop up economic activity. Probably incentives on taxes and if need be, continue with relaxed monetary policy and government intervention.

startups are willing to enter into long-term leases for geographically fixed spaces," interim CEO David Tolley said on an analyst call on Wednesday, Reuters reported. WeWork’s business model includes taking long-term leases and renting out spaces for a short term.

Federal Reserve's monetary policy path. The announcement of a U.S. ban on investments in sensitive technologies in the world's second-largest economy also weighed on sentiment.

dollar held near the centre of its range this week against a basket of major peers, as investors awaited key U.S. inflation data later Thursday that could influence the path for Federal Reserve policy. The U.S.

inflation data in the US due later today. Concerns over deflation in China dented sentiment. Data showed China’s consumer prices dropped 0.3% in July from a year ago, while producer prices fell 4.4%.

By Jamie McGeever

inflation data that could provide clues to investors on Federal Reserve’s monetary policy path. The S&P 500 fell 31.47 points, or 0.70%, at 4,467.91 points. The Dow Jones Industrial Average dropped 186.92 points, or 0.53%, at 35,127.57.

India beat arch-rivals Pakistan by a margin of 4-0 in their final round-robin league match to enter the semifinals of the Asian Champions Trophy hockey tournament on an unbeaten note at Mayor Radhakrishnan Hockey Stadium, in Chennai on Wednesday. Akashdeep Singh scored the final goal for India at 55th minute of the game through a field play. Caption Harmanpreet Singh converted two penalty corners (15th, 23rd minutes), while Jugraj Singh (36th) netted from another set piece.