Record News

RIYADH, Saudi Arabia—For years, this kingdom’s Islamic clerics waged a war on videogames, banning popular titles such as “Pokémon" for promoting blasphemy, violence and laziness. Now, Saudi Arabia is pouring $40 billion into a bid to become a world leader in a videogame industry beloved by its booming youth population.

Sensex was up 234.87 points to 67,753.87 So, how can mutual fund (MF) investors make the most of such situations when equity markets are at an all-time high? The celebrations at Dalal Street have brought cheers to the stock market investors, experts suggest that MF investors should not get carried away to book profits. They should religiously continue with their SIPs, like in the bearish phase of the market.

Spicejet, on Thursday, argued that the insolvency petition filed by aircraft lessor Wilmington Trust SP Services (Dublin) Limited was not maintainable, questioning the company’s locus standi to file an insolvency petition. In another case listed before the National Company Law Tribunal, Spicejet argued that the insolvency petition filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, by Celestial Aviation Services Ltd, wasn’t maintainable either. The low-cost airline informed the National Company Law Tribunal that the owner in Wilmington’s case was not the company that had filed the petition but BOC Aviation Ltd, which had transferred it to Aircaste (Ireland) Ltd and, thus, the petitioner could not be the operational creditor. “He’s not the owner of the aircraft, so in what capacity does he become the operational creditor,” senior counsel representing Spicejet stated. “Trustee is only entrusted with the property and cannot become the owner of the property,” he further said, referring to the invoices, where the account was also in Aircastle (Ireland) Ltd’s, earlier referred to as Klaatu Aircraft Leasing (Ireland) Limited, name.

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

climate activists around the world are set to march, chant and protest Friday to call for an end to the burning of planet-warming fossil fuels as the globe suffers dramatic weather extremes and record-breaking heat. The strike — driven by several mostly youth-led, local and global climate groups and organizations, including Greta Thunberg's Fridays for Future movement — will take place in dozens of countries and in hundreds of cities worldwide and continue through the weekend. A week before the planned protest, the United Nations warned that countries are way off track to curb warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times, as agreed in Paris in 2015.

By Anadi

In a remarkable turnaround story, Tulip Infratech, a real estate company headquartered in Gurgaon, has been making headlines for its exceptional progress on the transformative Tulip Monsella project, known as one of the tallest residential projects in the millennium city.

By Elizabeth Howcroft

Cosmos (ATOM) Hub, an integral blockchain within the Cosmos Network, announced the successful completion of its v12 upgrade. The update introduces the Liquid Staking Module (LSM) that allows ATOM token holders to bypass the previously mandated 21-day unbonding period for unstaking their assets.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

By Sudarshan Varadhan

Investing.com — The U.S. dollar retreated in early European trade Friday, while the euro rebounded from multi-month lows after the European Central Bank's latest meeting signaled the rate hike will be its last. 

Investing.com — European stock markets traded higher Friday, boosted by better-than-expected Chinese economic data as well as optimism that the European Central Bank may be close to peak interest rates.

Nipah virus (NiV) in its Kozhikode district, prompting authorities to issue a high alert. The virus has already claimed two lives in the state, with two adults and a child currently under quarantine in a local hospital. This marks the fourth occurrence of the Nipah virus in Kerala since 2018 when it first struck, tragically claiming the lives of 21 out of 23 infected individuals.

Gurgaon based real estate developer Adore Group has acquired 10.20 acre land in sector 77 and will develop a residential project with an investment of Rs 200 crore, a senior executive said. “This is the first time in Gurgaon when a project will be based on the Greek lifestyle,” said Jetaish Gupta, Founder & Director, Adore Group. The project will have a clubhouse spread across 60,000 sq ft. The company expects Rs 1,000 crore revenue from the project, which will have 12 towers with over 700 units. Adore has delivered 20 projects with a cumulative area of 10.11 million sq.

₹0.50 crore in India bringing its total collection in India to ₹517.28 crore. Additionally, it recorded a 15.48% occupancy rate for Hindi screenings on Thursday, September 14. Film trade analyst Taran Adarsh shared figures of 'Gadar 2' business over the weeks on X (formerly Twitter).

hearing through an unprepared junior advocate on Thursday. An advocate on record (AoR) is a lawyer who is authorised to represent clients and file cases in the Supreme Court. The incident occurred when the three-judge bench took up the matter and a junior advocate, possibly asked to fill in for his senior at the eleventh hour, appeared before the court without the necessary case file and was unable to respond to any queries related to the case.

SoftBank Group Corp.’s Masayoshi Son, whose record on tech investing took a drubbing after flameouts like WeWork and DoorDash Inc. fueled a record $32 billion loss at its Vision Fund arm in the last fiscal year, was determined to turn the tide. So as he and the investment firm’s other top executives met with bankers to plot this week’s initial public offering for Arm Holdings Plc, the focus was making sure the sale would go off without a hitch. They didn’t want any last-minute hiccups with buyers pulling out, they dreaded pushback on the valuation, and, most of all, they wanted to set a price that would almost guarantee the shares would pop on their first day of trading.

Bajaj Auto share price jumped over 5 per cent to hit its fresh all-time high of ₹5,093.95 in morning trade on NSE on Friday (September 15). The stock opened at ₹4,894.90 against the previous close of ₹4,844.50 and jumped to its fresh record high with over 8 lakh shares changing hands on NSE. The stock saw sharp gains today amid reports that global brokerage firm BoFA Securities upgraded the stock to a ‘buy’ from a 'neutral'.

PTI. "It has been brought to my notice by Deputy Commissioner, Nuh, vide his request dated September 14 that there is an apprehension of causing tension, annoyance, agitation, damage of public & private property and disturbance of public peace & tranquillity in the district," Prasad said. Ferozepur Jhirka legislator Mamman Khan was identified as a suspect in an FIR filed subsequent to the communal clashes, and he was taken into custody by the Haryana Police late last night, PTI reported.

steel sector is favourable despite the fact that anaemic growth in some of the world’s largest steel-consuming economies could impact prices, thanks to the government’s accelerated spending on infrastructure over the last few months, analysts said. Steel finds the maximum consumption in the infrastructure space. With the Centre spending nearly a third of its budgeted funds on big-ticket infrastructure projects, demand for steel grew 13% year on year between April and July. The government’s spending in this period is around 6 percentage points higher than the average of 26% it has spent in these months over the last four years, Crisil Market Intelligence said in a note. Demand for steel, consequently, is seen growing in doubledigits for the third consecutive year in the current fiscal, rating agencies ICRA and Crisil said. This heightened demand for steel is not only seen absorbing the additional steel capacities that will come on board in the domestic market but will also shield prices from the weak pricing trends in the global market. The government has increased its outlay for spending on infrastructure by around 33% to ₹10 lakh crore for FY24.