Action Financial News

By Florence Tan

A group of kanwariyas were pelted with stones as they undertook a procession through Uttar Pradesh's Bareilly. The incident took place near the Shahnoori mosque in Jogi Nawada area on Sunday with around 12 people admitted to the hospital with injuries. The situation sparked a protest in the area with the kanwariyas demanding action against their attackers.

Adelaide casino owner SkyCity Entertainment is at loggerheads with investment giant Macquarie over how many millions of dollars it must pay to buy back its fire-damaged carpark.

Anil Agarwal's Vedanta Resources (VRL) rolled over the $449 million (₹3,689 crore) debt repayment to a group company at more than double the interest payable to the original loan. The loan from Vedanta Limited's (VDL) subsidiary Cairn India Holdings (CIHL) would now have repayment on December 31, 2024, with an interest of 17%, up from 7%, a move that would help repay outsiders ahead of group companies. VDL's subsidiary, CIHL, had lent $956 million to Twin Star Holding, a related party, in FY21 at 7%. As of April 1 this year, the outstanding loan balance was $449 million and had to be repaid by December. This has been extended to December 31, 2024, with interest payable half-yearly. The management had clarified in 2020 that no inter-company loans from VDL to VRL would be used to meet debt obligations after a few VDL equity investors including UK-based hedge fund Kyma Capital raised concerns over the use of Cairn International to borrow $956 million at 7% during a delisting attempt.

Ganesha says time is very favourable for investment. There will also be an important discussion on the subject of changes in the home. Children may achieve some special success under your guidance.

immunity waiver' for its diplomats posted in the United Kingdom in connection with the investigation into the attack on Indian mission by pro-Khalistan supporters in March. The 'in principle' waiver will apply once the probe reaches the trial stage. The London Police, probing the case of attack on Indian consulate, approached the Indian government for the 'diplomatic immunity waiver' of witnesses and complainants posted at the Indian mission, added officials.

free trade agreements (FTAs), steel secretary Nagendra Nath Sinha told ET. This provision ensures that any steel which benefits from tariff concessions under FTAs is manufactured only in the countries that have an arrangement with India. It helps curtail attempts to use FTA countries as transit points to dump steel, from non-FTA ones, such as China, into India.

Mint. Queries sent to the health ministry were not answered.

NEW DELHI : On 1 June, at Himgiri Automobiles, a Hero MotoCorp Ltd dealership in Delhi’s Shahdara neighbourhood, a 35-year-old man walked in to take home the Xoom, a 110cc scooter. He simply liked the scooter’s styling and picked it over a bigger scooter, the NTorq, manufactured by TVS Motor Company. Nudging him to disclose more about this choice was an unusual visitor at the dealership—Niranjan Gupta.

House Foreign Affairs Committee Chair, Michael McCaul, expressed his concerns on Sunday regarding the possible demands North Korea might make in exchange for releasing American soldier Travis King. Last week, King fled across the border from South Korea, leading to questions about his motives and the implications of his actions on U.S.-North Korea relations.

₹200 per kg in some parts of Mumbai. But with a weight of around 0.6%, they have shown negative inflation for the last three months, with the latest being -35% in June. This reads odd, but it is a statistical reality, as the base was high last year, which has given us such a counter-intuitive outcome.

traffic police have suspended a cop who fined a Korean man Rs 5,000 without any receipt. The incident is said to have happened a couple of days ago (some reports claim it happened around a month back). In the video, the traffic cop named Mahesh Chand can be seen asking the Korean man for Rs 5,000 for some alleged traffic rule violation.

A lot of people on Fintwit mistake me for a permabear, especially in the current market. In reality, I’m just following the signals wherever they lead. Yes, I like to poke the NVIDIA (NASDAQ:NVDA) bulls on Twitter, but from a standpoint of intermarket signals and risk management strategies, I couldn’t care less what happens to NVIDIA. It’s actually a perfect example of why we need to pay close attention to quantitatively-driven, emotionless signals to try to get out ahead of what might happen next.

Jamaica has secured its first-ever point in the Women’s World Cup as its women’s national football team, a.k.a. Reggae Girlz, earned a goalless draw against giants France aka Les Bleues. For those unaware, this is Jamaica’s second participation at Women's World Cup, however, the first time didn’t turn out to be well as the Reggae Girlz lost all three games leading to a disappointment.

Russia «deliberately aimed their missiles at the historic city center of Odesa» which is protected by the United Nations Educational, Scientific and Cultural Organisation (UNESCO), said Oleh Kiper, the head of the region's military administration. «Everything that was built with hard work by great architects is now being destroyed by cynical inhumans,» said Kiper. The largest church in the city, the Orthodox Transfiguration or Spaso-Preobrazhenskyi Cathedral, which was dedicated in 1809, is among the destroyed structures.

By Emily Rose

Investing.com — It’s here: the week traders across markets have been waiting for; one that will tell if the Federal Reserve is done with its 16-month adventure of taming inflation with rate hikes and allowing economic forces to do the job after this — a move that could still lead to higher energy prices, complicating matters for the central bank.

Members of the Meitei tribe living in Mizoram have reportedly opted to flee the state amid growing unrest in neighbouring Manipur. Following an 'advisory' by an ex-militant’s association in the northeastern state, the state government had held a meeting with leaders from the community on Saturday. The Mizoram government has assured Meiteis of their safety and security in the state.

Infosys tanked over 8 per cent after it slashed the FY24 growth outlook. The 30-share BSE Sensex tanked 887.64 points or 1.31 per cent — its biggest single-day slide in over four months — to settle at 66,684.26.

New Delhi: The second part of the NK Singh and Lawrence Summers report on strengthening multilateral development banks (MDBs) will review multiple suggestions for reforms, elaborate on operational reforms, speed of response and private capital mobilisation, including prospects for scaling up the Multilateral Investment Guarantee Agency (MIGA). The second part the report, titled 'Strengthening Multilateral Development Banks: The Triple Agenda', will be released in October for discussion by finance ministers ahead of the G20 Annual meeting at Marrakech (Morocco).

ethnic violence in Manipur that erupted on May 3 and has left over 160 dead has been largely fuelled by rumours and fake news, according to officials from various security agencies who have been monitoring the situation in the restive northeastern state. The despicable May 4 incident in Kangpokpi district, where two women were paraded naked and assaulted by several people, was among the spate of sexual attacks that occurred after a picture of a body wrapped in polythene was circulated in the Imphal valley with a false claim that the victim had been murdered by tribals in Churachandpur.