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AIA Engineering approved a share buyback of Rs 500 crore in its meeting held today, at a price of Rs 5,000, which is a premium of 12% on its current market price of Rs 4,466. “We wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., August 07, 2024, have, inter alia, approved the Buy-back of up to 10,00,000 (Ten Lakhs Only) fully paid-up Equity Shares of face value of ~ 2/- each by the Company (representing 1.06% of the total number of Equity Shares of the Company) at a price of ~ 5,000/- (Rupees Five Thousand) per Equity Share payable in cash for a total consideration not exceeding ~. 500,00,00,000/- (Rupees Five Hundred Crores only),” said the company in its filing to the exchanges.

Reliance retail opened 1,840 new stores in FY24 even as it signed a host of deals with global companies, the conglomerate revealed in its annual report on Wednesday. The retail business of the oil-to-retail conglomerate registered an EBITDA of Rs 23,802, in FY24, recording a growth of 28.4% YoY. «The registered customer base crossed a milestone of 300 million, making Reliance Retail one of the most preferred retailers in the country,» the annual report stated. Further, the conglomerate said that the Retail division is set to broaden its offerings.

Odisha since August 6 with over 100 mm of rainfall recorded in at least 25 places, the IMD said on Wednesday. According to a report of India Meteorological Department's (IMD) Bhubaneswar centre, Banki in Cuttack district and Bhapur in Nayagarh district witnessed heavy rainfall of 317 mm and 210 mm, respectively, during the last 24 hours till 8.30 am on Wednesday. Similarly, 17 places including Begunia and Bolagarh in Khurda district, Hindol in Dhenkanal, Binika and Birmaharajpur in Sonepur, Dabugaon and Tentulikhunti in Nabarangpur and Dharamgarh, Kesingha and Barla in Kalahandi district have recorded rainfall ranging from 121 to 196 mm during the period, the weather office said.

In its half-year results published today (7 August), the British insurer's asset management arm recorded a 27.2% fall in pre-tax profits to £159m, down from £209m last year.  The FTSE 100 firm said the drop was primarily driven by lower valuation uplifts for the investments on its balance sheet, including its stake in the European private debt manager Pemberton.  Additionally, the drop reflected higher investments of £55m to scale and modernise the division, which was formed in the firm's capital markets event in June from the combination of Legal & General Investment Management and L...

Sam Watson, 18-year-old, set a speed climbing world record of 4.75 seconds at the Olympics. At a speed climbing event, spectators must be vigilant as athletes can scale the 15-meter wall in around five seconds. Climbing first appeared at the Tokyo Games in 2021, having been introduced to the Olympic radar at the Buenos Aires Youth Olympic Games in 2018. The sport, along with skateboarding and surfing, aimed to attract younger audiences. It will continue to be part of the program for the Los Angeles 2028 Summer Olympics.

Democratic presidential nominee Kamala Harris and her newly selected vice presidential running mate, Minnesota Governor Tim Walz, campaigned for the first time together on Tuesday in Philadelphia, kicking off a multi-day tour of battleground states aimed at introducing Walz to the national stage. In his remarks to a raucous crowd of more than 10,000 at Temple University, Walz described his upbringing in a small Nebraska town, his 24 years serving in the Army National Guard and his prior career as a high school social studies teacher and football coach. «It was my students who encouraged me to run for office,» he said. «They saw in me what I was hoping to instill in them: a commitment of common good, a belief that one person can make a difference.»

Canada unexpectedly recorded a $638 million trade surplus in June as an expanded crude oil pipeline and surging global demand for gold drove exports higher.

Amritsari kulche Amritsar Lok Sabha MP Gurjeet Singh Aujla recently got special Chhole Kulche delivered from Amritsar by Shatabdi Express and invited MPs for lunch in Parliament complex. Several parliamentarians from different parties were seen rushing to relish the taste of the special dish. Charcha begins with ‘tilak’ and continues Khagaria Lok Sabha MP Rajesh Verma recently met SP’s Rajya Sabha MP Jaya Bachchan in MPs’ canteen in Parliament complex. They broke into conversation when Bachchan asked him about the ‘tilak’ on his forehead. Verma said he does it because of his religious belief. Bachchan then asked about his constituency and he spoke about Khagaria. Verma is an MP from LJP (Ram Vilas). His party leader and Union minister Chirag Paswan also wears a similar ‘tilak’.

If you hadn’t heard of the Sahm Rule before, you’ve probably heard of it now.

CBI) is probing Hindalco Industries Ltd (HIL) and a former director of the ministry of environment and forest (MoEF) in a corruption case. According to the first information report (FIR), CBI has booked the company, Dr T Chandini, the then director of MoEF, and unknown persons under certain sections of the Prevention of Corruption (PC) Act and Section 120 (B) pertaining to criminal conspiracy of the Indian Penal Code (IPC). «This is an old matter pertaining to 2014-15. These mines were de-allocated as part of the government's de-allocation process. This is a matter of public record where more than 100 mines were de-allocated,» a Hindalco spokesperson told ET.

FOX Business' Gerri Willis reports on the alleged 'out-of-control' costs associated with going back to school and how much families may expect to spend this year.

Nepsis is looking forward to its next leg of growth as it appoints a veteran with experience from Ameriprise to a newly created role.

In July, the sell-off of UK-focusded funds shrank to £207m according to Calastone's latest Fund Flow index.  This slackening of capital exodus marked the lowest outflow figure since August 2021, when investors most recently began to turn their back on the UK equity market. UK equity funds suffer highest monthly outflow on record Following a sweeping Labour majority early in July (5 July), investors added £59m into UK-focused holdings, marking the largest one-day influx into UK equity funds over the month.  A fall in selling by investors to a tenth below the monthly average, coup...

Power Finance Corporation on Tuesday posted over 20 per cent rise in its consolidated net profit to Rs 7,182.06 crore in June 2024 quarter compared to a year ago, mainly due to higher revenues. The company reported a consolidated net profit of Rs 5,982.14 crore in the quarter ended on June 30, 2023, a regulatory filing showed. Total income rose to Rs 24,736.68 crore in the quarter from Rs 21,017.81 crore in the same period a year ago.

Indowind Energy on Tuesday announced the successful closure of its rights issue of 2.14 crore equity shares, raising Rs 48.30 crore from its shareholders. The issue attracted bids for 3,40,60,362 shares resulting in oversubscription by 1.59 times, according to a BSE filing. The rights issue was open for subscription from July 26, 2024, to August 5, 2024. The company fixed the price at Rs 22.50 per equity share (including a premium of Rs 12.50 per equity share).

Armand Duplantis of Sweden made headlines on Monday as he shattered his own world record, clinching the pole vault gold medal at the Paris Olympics. In a thrilling conclusion to the fifth day of track and field events at the Stade de France, Duplantis soared over a height of 6.25 meters, surpassing his previous world record of 6.24 meters set at the Xiamen Diamond League in April. The crowd of 69,000 erupted in applause as the Swedish pole vaulter achieved this remarkable feat, marking his ninth world record-breaking performance. Following his victory, he emulated the shooting pose of Turkish athlete Yusuf Dikec, who gained viral fame for his silver medal performance at the Paris Games. Dikec’s reaction to Duplantis’s success further highlights the camaraderie and shared celebration among athletes.

₹10,000 with options from many reputed brands like iQOO, Motorola, Realme and Redmi.iQOO Z9 Lite features a 6.56-inch HD+ display with a 90Hz refresh rate and a peak brightness of 840 nits. The phone runs on MediaTek Dimensity 6300 chipset based on 6nm process and Mali G57 MC2 GPU for handling graphics intensive tasks. It comes with support for up to 6GB of LPDDR4x RAM and up to 128GB of eMMC 5.1 storage.

Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down

Facing the need to win Pennsylvania, Vice President Kamala Harris has sworn off any prior assertion that she opposed fracking

YouTube’s biggest star MrBeast is facing complaints about the safety of contestants from the preliminary round of his ambitious “Beast Games” game show, which boasts 1,000 competitors hoping for a $5 million grand prize