Action Financial News

By Sudarshan Varadhan and Nidhi Verma

Adani Wilmar Ltd on Saturday said it has lodged a police complaint against a B2B platform for allegedly distributing counterfeit products in the name of its 'Fortune' brand. As part of a routine market survey, Adani Wilmar representatives discovered the malpractice.

Joe Biden's alleged involvement in an international bribery scheme, Republicans swiftly reacted with strong criticism, some even calling for his impeachment, according to a Fox report. Senator Chuck Grassley from Iowa, a Republican, made the FD-1023 form public earlier in the day. The document purportedly outlined how President Biden, along with his son, Hunter Biden, was involved in coercing Burisma CEO Mykola Zlochevsky to pay them millions of dollars in exchange for their assistance in removing the Ukrainian prosecutor investigating the company, as per the Fox report.

Nitish Kumar, his deputy Tejashwi Yadav and state government officials was lodged in a local court here on Saturday in connection with the police lathicharge on BJP workers, especially women, during a protest march in the state capital on July 13. The complaint has been filed by Lajwanti Jha, head of the women cell of state BJP. Earlier, a similar complaint was lodged by BJP worker Krishna Singh Kallu before a court in Patna.

Two women were stripped and assaulted by a group of women allegedly in West Bengal’s Malda district on July 19, the BJP claimed on Saturday, hitting out at West Bengal Chief Minister Mamata Banerjee for failing law and order situation in the state. The ruling Trinamool Congress (TMC) shot back saying that the women were beaten up by the locals as they were caught stealing.

Bengaluru bus driver being issued a challan did not escape the hawkish eyes of the netizens either. But first a little about the picture. A Bengaluru school bus driver took a wrong U-turn on a busy road near the Garudacharpalya metro station in Bengaluru.

New Delhi: In a significant push towards climate action, COP28 president Sultan Ahmed Al-Jaber has called uponl countries to unite and join the Global Cooling Pledge ahead of the 28th Conference of the Parties (COP28). Speaking on the sidelines of the 14th clean energy ministerial and the G20 energy transitions ministerial meeting, Al Jaber emphasized the critical importance of sustainable cooling solutions to address climate challenges and protect vulnerable communities.

New Delhi: Energy Efficiency Services Limited (EESL) and international non-profit organization CLASP signed a pact to support EESL’s 10 million energy-efficient fans programme, which will help support India’s transition to net zero carbon emissions. Under the partnership agreement, CLASP will support ceiling fans market transformation programme with technical assistance and capacity building to EESL on Quality Assurance and Quality Control (QAQC).

New Delhi: The COP28 UAE Presidency and the International Energy Agency (IEA) convened the first in a series of high-level dialogues in the run-up to COP28 around building a 1.5°C-aligned energy transition. The initiative is being carried out in collaboration with the International Renewable Energy Agency (IRENA) and will be supported by the United Nations Framework Convention on Climate Change (UNFCCC). The dialogues are intended to build consensus on 1.5°C-compatible energy transition pathways and the enabling conditions needed to achieve them, as well as momentum around the target energy outcomes for COP28.

West Bengal and Bihar, but it is playing politics over the Manipur incident, the BJP alleged on Saturday. Tension mounted in the hills of strife-torn Manipur after a May 4 video surfaced on Wednesday showing two women from one of the warring communities being paraded naked by a group of men from the other side.

BRICS Urbanisation Forum that was inaugurated in New Delhi in February 2013 will have its first in-person follow-up in the South African city of Durban next week. During the two-day gathering that begins on July 26, the delegates from the five-nation BRICS bloc will discuss some of the key urban developmental issues to understand how globally cities are becoming more resilient towards these challenges.

Brighton on Sunday morning, all eyes will be set on manager Mauricio Pochettino as people will like to see if the Argentine succeeds in maneuvering his team in the way that they sail through. Though it will be a friendly match, both the teams will take it seriously as they are working on preseason actions as necessary preparation for the matches that may bring trophies. Though the Blues succeeded in thrashing Wrexham 5-0, Roberto De Zerbi’s boys will prove themselves to be much tougher and the Seagulls may shock everyone including Pochettino.

CLASP and Energy Efficiency Services Limited (EESL) signed a Memorandum of Understanding (MoU) at a side-event on «Accelerating India's Net Zero Transition through Energy Efficiency, Sustainable Cooling & Mobility» at the 14th Clean Energy Ministerial (CEM14) to support EESL's 10 million Energy-Efficient Fans programme, which will help support India's transition to Net Zero Carbon Emissions. The event was attended by members of the Ministry of Power, Bureau of Energy Efficiency, State ministers from Andhra Pradesh and Orissa among others.

Barcelona and Serie A giants Juventus are set to face off in a thrilling friendly match as part of their preparations. The match will take place at Levi's Stadium in San Francisco, the home ground of the San Francisco 49ers, and a venue that will also host games during the 2026 World Cup.

3M, the global firm found that 80 per cent of Indian respondents believe that shortage of 'skilled' trade workers in the country could have a negative economic impact, and lead to decline in overall quality of life and neglected public infrastructure. Skilled trade workers include electricians, carpenters, plumbers, steamfitters, pipefitters, welders, heavy equipment operators and painters. The State of Science Index-2023, released by the American multinational, it also found that 85 per cent of respondents said shortage of skilled trade workers was on account of parents discouraging children from pursuing opportunities in the sector. «Eighty per cent believe there is a negative stigma around being a skilled trade worker,» the SOSI-2023 said referring to the findings of the survey in India. This survey was conducted in 17-countries during September to December last year among 1,000 general population consumers in each country. It explored the future of science and captures sentiment related to STEM equity, skilled trades, sustainability, health and future innovation. «Eighty per cent of the respondents say that if the country cannot find a solution to this shortage soon, there could be consequences such as negative economic impact, decline in overall quality of life, safety risks, neglected public infrastructure and supply chain challenges,» it said.

Narendra Modi said on Saturday that greed for power overrode national interest during the UPA government, wreaking havoc on the banking sector, but his dispensation has nursed it back to good financial health. Addressing a Rozgar Mela, Modi took an apparent swipe at the Gandhi family, saying a few powerful politicians close to a particular family would get loans of thousands of crores of rupees to their favourites by calling up banks and those loans were never meant to be returned.

crime against women days after the saffron party received massive backlash for remaining silent on the Manipur situation, where the party is in power at present. A video of two women being paraded naked and sexually assaulted in Manipur surfaced online this week which has jolted the country. The conflict in Manipur erupted in May this year and since then opposition parties have regularly slammed the Centre-run BJP for remaining silent on such a critical issue.

Baghdad's heavily fortified Green Zone, which houses foreign embassies and the seat of Iraq's government, early Saturday following reports of the burning of a Quran carried out by a ultranationalist group in front of the Iraqi Embassy in Copenhagen. They were pushed back by security forces, who blocked the Jumhuriya bridge leading to the Green Zone, preventing them from reaching the Danish Embassy. The protest came two days after people angered by the planned burning of the Islamic holy book in Sweden stormed the Swedish Embassy in Baghdad.

Afghan Taliban has asked the Pakistan government to initiate another round of negotiations with the banned Tehreek-e-Taliban Pakistan terror group, with a top leader in Kabul telling Islamabad that it should prefer peace over war, a media report said on Saturday. Pakistan's latest efforts aimed at seeking action against the Tehreek-e-Taliban Pakistan (TTP) by Kabul could not make headway, The Express Tribune newspaper reported.

COMEX gold rose during the first half of the week as recent data from the US, particularly the CPI and retail sales, showed that price pressures are cooling, warranting a smaller Fed action than previously expected. Investors are now expecting the US Fed to hike rates by 25 bps in July and pushed back against any rate hikes in the September FOMC meeting. Data released on Tuesday showed that US retail sales and industrial production missed estimates, a potentially welcome sign for the Fed as it seeks to cool inflation.

Bengaluru, the bustling high-tech startup hub known for its fast-paced lifestyle, recently witnessed a lighthearted moment that amused its residents. The incident involved a school bus making wrong U-turns on a busy road, catching the attention of alert citizens who promptly reported the violation to the traffic police. A Twitter user with the handle "@ChrysalisHigh" posted a complaint, alerting the authorities about the school bus (bearing the number KA53AA6189) driving in the wrong direction under the Garudacharpalya metro station from Brigade Metropolis.