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MUMBAI : Promoters of the Adani group have generated ₹39,400 crore through stake dilutions in group companies since a damning report by US short-seller Hindenburg Research in January drove flagship Adani Enterprises Ltd to withdraw its ₹20,000 crore follow-on public offering. The group has denied the allegations. Market veterans believe this liquidity could be used as growth spending and to repay any near-term debt obligations of group companies if needed.

NEW DELHI : A record number of World Trade Organization (WTO) members have raised concerns about rising protectionist moves in global trade, propelling the issue to centre stage at the 13th WTO Ministerial Conference (MC13) in Abu Dhabi in February, an official aware of the development said. Many developing nations, including India, are set to oppose the European Union’s (EU’s) carbon border adjustment mechanism (CBAM) that aims to tax imports of carbon-intensive products such as steel, aluminium, cement, and electricity. The EU is also expected to file a complaint against the US’s Inflation Reduction Act because the $430 billion subsidy to manufacturers of green technology will distort international prices and is against WTO norms.

DELHI, BENGALURU : The Securities and Exchange Board of India (Sebi) has intensified its scrutiny on promoter classification of companies looking to go public, with the markets regulator’s observations prompting at least six companies in the past three months to include individuals or entities as promoters, according to three people familiar with the developments and filings reviewed by Mint. Questions were recently raised by securities lawyers and proxy advisory firms on founders of money-losing startups continuing to retain control of the companies even though they classified themselves as public shareholders.

China decided this week to suspend its publication of youth unemployment data. Its Beijing-controlled bureau of statistics sought to justify the move by saying it was done to improve this indicator. Earlier, China had quit publishing its consumer confidence index.

Barbie has beaten from Day 1 at the US box office (with both films having released on July 21, 2023). The satire on the Barbie doll and patriarchy has now surpassed another Nolan film, The Dark Knight (2008), at the domestic box office in the US to become the No.1 Warner Bros. production. Barbie has collected over $537.5 million at the domestic box office by its fourth week, with The Dark Knight’s figures standing at $536 million. As it crosses into its fifth week, the Barbie movie would have surpassed Universal Pictures’ 2023 release, The Super Mario Bros. Movie. The animation film based on the video game crossed $574 million to be the biggest domestic release of 2023 in the US. Barbie has already crossed a whopping $1.2 billion at the worldwide box office, and at this rate, will beat Mario – with its $1.35 billion – worldwide, too, as the highest-grosser of 2023. Barbie has broken several records. In its first 17 days in theaters, it took the title of the fastest Warner Bros. film and the eighth film in Warner Bros. 100-year existence as an entrant to the $1 billion club. In fact, Barbie could even go on to beat Harry Potter and the Deathly Hallows: Part 2, which made Warner Bros. a neat $1.34 billion back then 2011, and stands as the film studio’s highest-grossing worldwide release of all time. Barbie had the biggest opening of 2023, with $162 million, where it beat The Super Mario Bros. Movie, which got a $146 million opening. Barbie also broke the record of the biggest-ever opening for a film by a woman director, besting Captain Marvel (2019), directed by Anna Boden and Ryan Fleck, at $153 million.

July was the strongest month on record for mergers and acquisitions of wealth management firms, according to data released by Fidelity Institutional.

Now that it’s a publicly listed company, giant registered investment advisor and asset manager AlTi Global Inc. is looking to boost one of the most important cash flow metrics for RIAs: EBITDA, or earnings before interest, taxes, depreciation and amortization.

India coach Ravi Shastri has revealed that he contemplated the idea of sending Virat Kohli into bat at the No. 4 position during the 2019 ODI World Cup to diversify the batting lineup, which was heavily skewed towards the top order back then. Referring to Kohli's performance at the number four position, where the star batter amassed 1767 runs at an impressive average of 55.2, Shastri pointed out that his intention was to ensure adaptability in the top four positions.

The rate of inflation in the U.K. fell sharply in July to a 17-month low largely on the back of lower energy prices

The British Museum says a member of its staff has been dismissed after items were found to be missing, stolen or damaged

Investing.com — Saudi oil production cuts may no longer be the news; not even weak Chinese buying, perhaps. It’s U.S. production that’s demanding attention now, with crude output in the world’s largest economy projected to have reached a new three-year high last week.

The Caisse de dépôt et placement du Québec posted a 4.2 per cent return for the first half of 2023 despite volatile market conditions, with contributions coming from a fixed-income portfolio that was boosted by both higher interest rates and infrastructure bets that can act as a hedge against inflation.

tech: computer chips. In particular, Paoli needs a type of chip known as a graphics processing unit, or GPU, because it is the fastest and most efficient way to run the calculations that allow cutting-edge AI companies to analyze enormous amounts of data. So he's called everyone he knows in the industry who can help.

Himachal Pradesh after devastating rains pounded the state, with Chief Minister Sukhvinder Singh Sukhu terming the work of rebuilding infrastructure a «mountain-like challenge». The death toll from landslides and flashfloods jumped on Wednesday as rescuers pulled out more bodies from the rubble of collapsed buildings, officials said. Heavy rains have battered the hill state since Sunday, triggering landslides in several districts including Shimla where three areas — Summer Hill, Fagli and Krishna Nagar — are badly hit by landslips.

₹52 per equity share of face value of ₹10 each. The minimum lot size of this Crop Life Science IPO is 2000 shares. Crop Life Science IPO issue price is 5.2 times the face value of the equity share.

Assam police have started a fitness test for the 67,000-strong force. Assam Director General of Police, GP Singh also turned up for the fitness test — body mass index (BMI). The BMI tests are being conducted in as many as 36 locations across the state.

IPO listing date has been fixed for Wednesday, August 23 on BSE SME. If you applied for the shares, here's how you can check allotment status of Shelter Pharma IPO.

Investing.com — U.S. crude stocks fell almost 6 million barrels last week, losing all that they added the prior week, a government report showed on Wednesday as global oil inventories turned volatile from persistent Saudi attempts to squeeze a market at a crossroads due to the sluggish economy in top importer China.

Brain activity of people listening to Pink Floyd's 'Another Brick in the Wall' was used to reconstruct the classic rock number, scientists report in a new study. The reconstruction reveals that brain waves can be recorded and processed to bring out musical elements of the speech heard, such as rhythm, stress, accent and intonation, along with the syllables, the study from the University of California (UC), Berkeley, US, said. These musical elements are known to convey meaning in ways that spoken words alone do not. The phrase «All in all it was just a brick in the wall» could be recognised in the reproduced song, with its rhythms intact and the words muddy yet decipherable, the researchers report in the study published in the journal PLoS Biology. The listeners were 29 patients undergoing epilepsy surgery at Albany Medical Center, New York, US, over a decade ago. Neuroscientists at the centre recorded electrical activity through electrodes placed on the patients' brains as they heard an approximately 3-minute segment of the classic Pink Floyd song from the 1979 album The Wall. «As this whole field of brain machine interfaces progresses, this gives you a way to add musicality to future brain implants for people who need it, someone who's got some disabling neurological or developmental disorder compromising speech output.

₹15.34 Lakh Crore were processed through UPI in July 2023. Taking the popularity of UPI a step ahead, UPI Lite has taken over the country’s imagination for small-value transactions up to ₹200 in a single-click. Since its launch earlier this year, UPI Lite has seen massive adoption in the country with more than 10 million transactions being processed through it in a month.

CAG findings that the cost was exorbitant are misplaced as the auditor did not factor in the actual cost, top sources in the road transport ministry said. According to reports, the Comptroller and Auditor General (CAG) had found that the National Highways Authority of India's (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs 251 crore per kilometre from Rs 18.2 crore per km estimated earlier.