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JB Chemicals & Pharmaceuticals Ltd, part of the pharma industry, has rallied more than 40% in just 3 months which pushed the stock to a fresh record high in August 2023, but the rally may not be over yet, suggest experts. The stock rose from Rs 2064 on May 26th, 2023 to Rs 2921 recorded on 28th August 2023 which translates into a rise of over 40% in 3 months. The stock hit a record high of Rs 2935 on 28th August 2023. Most of the technical indicators suggest that the rally is likely to continue.

Also Read:‘Joe Biden will lead US to World War III,’ Donald Trump calls him 'mental catastrophe' This correction results in a decrease ranging from $812 million to $2.2 billion annually, depending on the specific year. Notably, the largest discrepancy of $2.2 billion occurred in the year 2014, according to the state's findings.

Chandrayaan-3: ISRO says Pragyan rover travels 15 metres, captures snap of Vikram lander Although the babies were born much before Cahndrayaan-3's mission, the parents decided to rename them after Chandrayaan-3's lander and rover's names to commemorate the historic success. Balappa and Nagamma’s baby boy was born on July 28 and was named Vikram, whereas Ningappa and Shivamma’s baby was born on August 14 and was named Pragyan. The naming ceremony of both the kids was held on the same day on August 24, a day after ISRO announced the success of the lunar mission.

bonds. Many of these instruments are yielding double-digit returns in the range of 10% to 15% depending on the credit profile, but investment advisors warn such papers carry elevated risks that require careful vetting. These bonds are mostly offered by non-bank finance companies (NBFCs), small finance banks, fintech companies and microfinance lenders among others. Their tenure is mostly one to five years and are available on online platforms such as Indiabonds, BondsIndia, GoldenPi, Wint Wealth, Bonds Kart, Grip Invest and Leaf Round. For now, these products are trending among traditional yield-chasers. These bonds yield about 300-500 basis higher than conventional products, like bank deposits and postal savings. The trigger for their growing popularity among individuals in the highest tax bracket has been the recent changes in the taxation of debt mutual funds. In an unexpected move, the government said from April 1 capital gains arising from investments made in debt mutual fund schemes would be added to taxable income and taxed in line with the income tax slab rate. As a result, the indexation benefit in debt mutual funds that lowered the tax outgo for investments held for more than three years went.

Asian shares were set for the worst month since February, with sentiment hurt by still-gloomy China factory activity, while investors were also cautious ahead of a barrage of U.S. data that could add to bets that interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.1% but was still headed for a monthly loss of 5.9%, the largest since February.

India's billionaire businessman Gautam Adani's family secretly invested millions of dollars in its own companies via “opaque" Mauritius funds, reported the Organised Crime and Corruption Reporting Project (OCCR) in its latest article. These funds “obscured" the involvement of alleged business partners of the Adani family.

airport toward waters off its east coast. The missiles flew about 360 kilometers (225 miles). The North's army said the missiles were fired late Wednesday in a "tactical nuclear strike drill simulating scorched earth strikes at major command centers and operational airfields" across the border in South Korea.

Adani Group via «opaque» Mauritius funds that «obscured» involvement of alleged business partners of the Adani family, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures. The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of improper business dealings, including the use of offshore entities in tax havens such as Mauritius from where it said certain offshore funds «surreptitiously» owned stock in Adani's listed firms. Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. Days following the January report though, Adani group stocks lost $150 billion in market value and remain down around $100 billion following a recovery in recent months after it repaid some debt and regained some investor confidence. In a statement to OCCRP, Adani Group said the Mauritius funds investigated by reporters had already been named in the Hindenburg report and the «allegations are not only baseless and unsubstantiated but are rehashed from Hindenburg's allegations.» «It is categorically stated that all the Adani Group's publicly listed entities are in compliance with all applicable laws including the regulation relating to public share holdings,» it told the OCCRP, according to the news article. Reuters has not independently verified OCCRP's assertions. Adani Group did not immediately respond to a Reuters request for comment on the OCCRP report.HINDEN

Australia Post has delivered a $200 million loss, its first major structural loss in more than 30 years, with the losses forecast to continue unless the federal government drastically cuts services.

Indian stock market is expected to open higher on Thursday amid positive global cues. Asian markets gained following overnight rally on Wall Street as weak US GDP data resurfaced expectations of a pause in interest rate hike by the US Federal Reserve. Meanwhile investors will watch for India’s April-June quarter GDP data set to be released later today.

real estate business and his presidential tenure. During a private questioning in April, he asserted that his company has abundant funds and argued that he prevented a nuclear war, thereby saving countless lives.

The consultancy firm said that the trend lines pointed to a “sharp reset for the PE-VC landscape,” which has battled a so-called “funding winter” as risk capital inflow to India had dried up from the latter half of 2022. This downturn had followed a boom in private equity and venture capital investment witnessed in 2021 and early part of 2022 when Indian startups received a record inflow of capital. The subsequent downward trend in risk capital investments has changed in the three-month period ended June 2023, the data revealed.

Country Garden Holdings posted a record first-half loss of almost $7 billion and warned it may default on its debt, underscoring how China's deepening real estate slump has battered one of its former property giants. Country Garden said that if its financial performance continues to deteriorate, the group might not be able to fulfill its debt obligations, «which may result in default,» according to a filing Wednesday. The developer also cited «material uncertainties» that may cast «significant doubt on the group's ability to continue as a going concern.» The warnings highlight how China’s deepening real estate crisis has battered one of its property giants.

Silver Lake is evaluating a potential debt deal to pay itself a dividend out of Ticketek owner TEG, its entertainment portfolio company that has been the subject of an estimated $2 billion sale campaign for at least three months.

Climate change has sharply boosted the risk of fast-spreading wildfires, according to a Californian study published Wednesday that offers lessons for prevention after recent disasters in Canada, Greece and Hawaii. Scientists at the Breakthrough Institute, a non-profit research centre, found that human-caused warming increased the frequency of «extreme» wildfires by 25 percent on average compared to the pre-industrial era, in a study in the journal Nature. Examining a series of blazes from 2003 to 2020, they used machine learning to analyse the link between higher average temperatures, dryer conditions and the fastest-spreading blazes — ones that burn more than 10,000 acres (4,000 hectares) a day. The impact of climate change varied from fire to fire. In certain partly dry conditions, global warming pushed the area beyond key thresholds, making extreme fires much more likely. In very dry conditions, the impact was less. «This means that we should pay the closest attention to the places and times that historically have experienced conditions just on the moist side of these thresholds, but which are being pushed over these thresholds onto the dry side by background warming,» lead author Patrick Brown told AFP. The researchers calculated that the risk could increase on average by 59 percent by the end of the century under a «low-emissions» scenario where global warming is limited to 1.8 degrees Celsius above preindustrial levels, and up to 172 percent in an unbridled high-emissions scenario. Earth's surface has already warmed 1.2C. Using data from recorded fires, the researchers measured the probability of a given blaze turning into an «extreme» one.

I recently found my Cibil (Credit Information Bureau-India) score was much lower than what I expected it to be. Could it be because of an error made by my bank in reporting my timely repayments on my home loan? How can I rectify any discrepancy in my Cibil score, especially when the lapse is by the bank in reporting of my timely loan repayments? —Name withheld on request In the case of a discrepancy or dispute with your Cibil score, especially due to lapses made by the bank in reporting your timely loan repayments, you can take the following steps: To begin with, fill the dispute form. You can do this online on the Cibil website.

air pollution, according to the Air Quality Life Index report of the Energy Policy Institute at University of Chicago. Delhi residents are most at risk. They’re losing 11.9 years to the capital’s pollution levels exceeding the safety limit prescribed by the World Health Organization (WHO).

LPL Financial said advisors Steve Boeckmann and David Wyzgowski, who managed approximately $350 million in client assets at Valic Financial Advisors, the broker-dealer for AIG Retirement Services, have joined LPL’s broker-dealer, RIA and custodial platforms.

Atlanta. Using selectively edited video footage, Giuliani spread a theory that the two women removed ballots from suitcases underneath tables. Then-President Donald Trump also pushed the false claims about Moss and Freeman.

Chedun, a working-class neighborhood in the southwestern outskirts of Shanghai, the signs of an anemic economy are all around. The factories that once drew workers from around the country have moved away. Those that remain have slashed wages. Around the affordable eateries and motley shops where workers once crowded, employees eagerly latch onto anyone passing by. “No one has money now, it’s obvious,” Cherry Qian, 25, said as she sat inside the electronics store she manages. But there’s one place the slump isn’t as obvious: in the government’s account of it. A gulf has emerged between the Chinese economy as many Chinese are experiencing it, and Beijing’s narrative of it — and that gulf is only widening. For many ordinary Chinese, one of the worst economic slowdowns the country has faced in decades has translated into widespread pessiYouth at a job fair in Wuhan mism and resignation. But state media and officials continue to declare that any challenges are blips. Concerns about the economy, propaganda outlets have insisted, have been inflated by Western politicians and media outlets engaged in “cognitive warfare.” One social media account backed by China’s state broadcaster released a video that purported to investigate how foreign news outlets had cherry-picked statistics that predicted higher economic growth, just so they could later say China fell short. When the reality has proved too inconvenient, another approach has simply been to conceal it, as when Beijing this month stopped publishing the youth unemployment rate, which had been at a record high.

CNN is bringing in a former chief executive of the BBC and The New York Times in an attempt to turn around a news organization that has burned through two leaders and bled viewers over the past two years. fired in June, and a four-person team that had been running CNN in the interim. Thompson, who left the Times in 2020 after eight years as that company's president and CEO, is credited with transforming it to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers.