Record News

United Nations has been forced to cut food, cash payments and assistance to millions of people in many countries because of «a crippling funding crisis» that has seen its donations plummet by about half as acute hunger is hitting record levels, a top official said Friday. Carl Skau, deputy executive director of the World Food Program, told a news conference that at least 38 of the 86 countries where WFP operates have already seen cuts or plan to cut assistance soon — including Afghanistan, Syria, Yemen and West Africa.

Lok Sabha over the violence in Manipur, the BJP-led government is set to launch a counter-offensive against the other side. With the Congress-led opposition making Manipur the main plank of their attack, the Centre is pulling up previous incidents under the rule of their main rival. According to a Times of India report, sources said that the government is planning to bring up the Naga-Kuki clashes — which claimed 750 lives — between 1993-1998 and led to the destruction of 350 villages.

Cincinnati Reds have made a significant move to extend the contract of their manager, David Bell, for three more years until the 2026 season. At 50 years old, Bell has been at the helm for five years and is currently in the final year of his previous contract. Last season was challenging for the Reds, as they endured 100 losses. However, this year has been a different story, with an impressive resurgence driven by a dynamic young core. The team's current record of 56-48 puts them in a competitive position, just 1½ games behind the first place in the National League Central division. If they manage to outperform the Milwaukee Brewers and the Chicago Cubs, they would accomplish a historic feat — becoming the first team in major league history to go from triple-digit losses to a division title in consecutive seasons.

Q1 results today: Amid falling Indian stock market, experts are buys advising intraday trading members to indulge in stock specific trade. So, for such day traders, Q1 results 2023 becomes an important event in deciding their buy or sell stocks. Even though Indian stock market will remain closed today but investors are expected to remain vigilant about the Q1 results 2023, which is expected today.

₹5,003.35 crore in Indian equities, snapping its consistent buying streak that helped sustained a record rally in domestic benchmark Nifty this month. Nifty has rallied around five per cent in July mainly on foreign capital inflow and the momentum led by first quarter results of fiscal 2023-24 (Q1FY24). FIIs have pulled off a 700-point rally in the Nifty since the 3rd of this month at the start of the earnings season for the first quarter, according to analysts.

Morgan Stanley is selling Gradifi Solutions, a student loan benefits provider, to workplace savings fintech Vestwell.

Gambia government to explore legal action against the Indian government, Maiden Pharmaceuticals and a local drug importer for the deaths of 70 children last year due to kidney injury allegedly caused by India-made cough syrup. «It is safe to conclude, without any qualms, that the deaths of the 70 children below the age of five between July and October 2022 related to acute kidney injury (AKI) are a direct result of contaminated medicines found in four cough and cold syrups imported by Atlantic Pharmacy from Maiden Pharmaceuticals in India,» the task force said in its report.

Akasa Air posted an operating loss of ₹602 crore. While the airline earned ₹777.8 crore, its operational expenditure stood at ₹1,866 crore, according to a data furnished by minister of state for civil aviation VK Singh in Lok Sabha. The airline started operations last August and results are up till March 31, 2023.

Jalan-Kalrock consortium, which had won the bid to take over bankrupt Jet Airways, on Friday sought clarity from the National Company Law Appellate Tribunal on the transfer of ownership of the grounded airline, claiming that the creditors were creating hindrances to restart operations. The consortium's counsel argued that the «committee of creditors was initiating litigation in different fora», making it difficult for the airline to resume flight operations.

₹100,000 in the case which involved audit of a clothing company after its investigation found alleged irregularities in the financial statements of FY16. The company had not recognised accrued interest on loans from bank and non-banking finance companies in violation of sections of the Companies Act and the auditing standards, NFRA said.

Haier in Pune, Mumbai, and Noida, and the premises of its promoters. The searches are in connection with underreporting of income and royalty payment, officials said. The email and text query ET sent to Haier India remained unanswered till press time.

Manchester United's tour of the United States will come to a close with a match against Borussia Dortmund on this Sunday. While Erik ten Hag's team began their time in America with a victory against Arsenal, they faced defeats against Wrexham and Real Madrid. Pre-season results may not hold too much significance, but Erik ten Hag will be eager to secure a win against a prominent opponent before concluding their time overseas. In terms of team news, Andre Onana is likely to continue in the lineup after making his debut against Real Madrid. Manchester United is expected to field a strong team around him, although there is some uncertainty about Anthony Martial's availability. For Dortmund, Marcel Sabitzer, the former United midfielder, might make his first appearance for the club.

Manipur crisis be discussed, will be played out, Chairman Jagdeep Dhankhar adjourned the Rajya Sabha on Friday within minutes of the House meeting for the day. He announced that he has received 47 notices under Rule 267 for suspension of listed business to discuss the Manipur situation and read out the names of the Opposition MPs who had submitted the notices.

Supreme Court on Friday directed the Enforcement Directorate to withdraw the look-out circular (LoC) issued against Trinamool Congress' parliamentarian Abhishek Banerjee and his wife in connection with a money laundering probe. A bench headed by justice Sanjay Kishan Kaul passed the orders on an application filed by the couple seeking permission to travel abroad. The counsel for ED told the court that the couple will be allowed to travel abroad after the agency is informed about the travel plans a week in advance.

MPs belonging to the INDIA alliance will pause their protest in Parliament, demanding Prime Minister Narendra Modi’s statement on the Manipur issue, and participate in the debate and voting when the bill to replace the Delhi ordinance will come up in the Houses next week. This decision was taken after AAP members demanded so at the INDIA floor leaders’ meeting on Friday morning. But, this also triggered discontent among some Opposition MPs who wondered why the entire Opposition should be on their legislative vigil only for a bill about which the Arvind Kejriwal government and AAP are sensitive about whereas many other important bills were getting pushed through by the government by making use of the Opposition protests. While AAP’s Raghav Chaddha pitched for INDIA MPs’ presence in the Houses for debate and voting against the bill, Trinamool’s Derek O’Brien acted as the former’s zealous backer. “Evidently, AAP and Trinamool had come prepared to push the case and it is understandable given the Arvind Kejriwal-Mamata Banerjee axis in the Opposition,” quipped an Opposition leader after the meeting. While Congress is already tied down by its public promise to oppose the bill, as demanded by Kejriwal ahead of the Karnataka conclave, similar compulsion of others to keep “Opposition unity” also meant agreeing to AAP’s wish. The proposal for Opposition mobilisation against the bill included bringing ailing members such as former PM Manmohan Singh and Shibu Soren for voting.

Meta Platforms (NASDAQ:META) has recently unveiled impressive earnings for the second quarter of 2023. The future looks bright as operations and product offerings display tremendous growth potential, further solidifying the positive outlook.

LONDON—The Bank of England has named Ben Bernanke, a former chair of the Federal Reserve, to review its economic forecasting record, one of the first steps taken by a leading central bank to understand why they underestimated a surge in prices that began more than two years ago and dented living standards. Consumer prices started to rise rapidly in early 2021 as economies around the world began to reopen after the Covid-19 pandemic. As demand for goods and services rebounded, supply chains were hampered by lockdowns that continued in key parts of the global economy through last year.

₹18,000-18,500 a tonne from ₹5,000 per tonne in the last few weeks due to supply tightness. In 2022-23, India produced record 5.5 million tonnes of De-oiled Rice Bran as against the previous year’s 5 million tonnes, according to the government’s estimates. Only 600,000 tonnes of total 5.5 million tonnes (about 12%) were exported by India.

power generators will likely burn a record amount of natural gas for a second day in a row on Friday, the hottest day so far this summer, as homes and businesses crank up their air conditioners to escape a brutal heatwave blanketing much of the country this week. Extreme weather reminds consumers of the fatal freeze in February 2021 that left millions of Texans without power, water and heat for days and a brutal heatwave in August 2020 that forced the California power grid operator to impose rotating outages that affected about 800,000 customers over two days. As soaring demand stresses electric grids this summer, next-day power prices soared to their highest since January in Southern California and their highest since February in New England, according to data provider Refinitiv.

IndiGo has been experiencing supply chain issues related to the availability of spare engines for its neo aircraft and is working closely with airframe as well as engine manufacturers to ensure there is minimum economic and operational impact, according to its annual report. The airline, which aims to carry 100 million passengers in the current financial year, is also taking steps to prepare its sales and distribution for further international presence.

One reminder from the latest results from Exxon Mobil and Chevron is that the oil and gas business is highly cyclical. Another important takeaway: Their cash payouts aren’t. Exxon Mobil said Friday that net income was $7.9 billion in the second quarter, a 56% decline from a year earlier when both oil and natural-gas prices surged following Russia’s invasion of Ukraine.