BAY Financial News

Voters in Ecuador last year approved a referendum to keep some 700 million barrels of crude oil in the ground in Yasuni National Park

While “Asian brunch” may initially evoke images of traditional meals like Chinese dim sum, it’s become shorthand now for restaurants that offer Asian takes on American brunch

FedEx Cup finale with a two-shot lead, the top player would get to choose where to play the Tour Championship. The only caveat is it couldn't be the player's home course. «It used to be East Lake,» Xander Schauffele said when asked for his choice. He probably was more honest than sarcastic. Schauffele has failed to break par only three times in 28 rounds at East Lake. And those three rounds were all at even-par 70. But now East Lake has been changed dramatically, and Schauffele has reason to be leery.

Two leading investment advisory firms are joining forces in a strategic deal to create a new powerhouse firm that caters to some of the most affluent individuals and families in the country.

Delhi. Not so much because of the rain, but because it has caused residents to drown to death, from those attempting to walk through flooded roads to unfortunate IAS candidates caught off guard by a sudden flood in their coaching center's basement library. In fact, new waterlogging zones have recently emerged in almost every part of the city, from Zakhira in West Delhi to Satya Niketan off Dhaula Kuan to the SPA-Kotla road axis to the posh Golf Links Road and Lutyens bungalows, which found themselves in nearly knee-deep water this rainy season. The looming question is whether this is due to the high rainfall levels alone, or if it is a man-made disaster unfolding in the capital, exacerbated by the AAP government's decade-long political slugfest with the Centre?

Cruise’s trouble-ridden robotaxis are on the road to joining Uber’s ride-hailing service next year as part of a multiyear partnership bringing together two companies that once appeared poised to compete for passengers

The flight was put in isolation bay while the passengers are being evacuated, reported agency further. There were 135 passengers onboard, sources told PTI, adding details on the origin of the threat and other information are awaited.

Neville Tata, 32, has taken charge as head of Star Bazaar, signalling the rise of the next generation of Tatas. Star Bazaar is the hypermarket unit of Trent Ltd, which houses the Tata Group’s retail businesses. Neville is the son of Trent Ltd chairman Noel Tata, the half-brother of Tata Group patriarch Ratan Tata who is chairman emeritus of Tata Sons, the conglomerate’s holding company. Neville was on the board of Trent Hypermarket, the grocery retailing subsidiary, as a non-executive director but has stepped down from that post as he takes on a more executive role, executives close to the development said. He was associated with the hypermarket business a few years back, then went overseas to study, sources said. Trent Ltd has identified its hypermarket business as the next growth driver. P Venkatesalu is the CEO of Trent Ltd.

volcano, located in Russia’s Far Eastern Kamchatka region, has erupted, sending ash as high as 8 km into the sky, Russian agency TASS reported. According to the Institute of Volcanology and Seismology, part of the Far Eastern Branch of the Russian Academy of Sciences, the ash column has risen as high as 8 kilometers above sea level. The eruption has also led to the release of a significant amount of lava. Shiveluch is one of the largest and most active volcanoes on the Kamchatka Peninsula, standing at a height of 3,283 meters. The Shiveluch volcano is situated at the junction of the Kuril-Kamchatka and Aleutian island arcs, approximately 50 kilometers from the village of Klyuchi in the Ust-Kamchatsky District and about 450 kilometers from the regional capital, Petropavlovsk-Kamchatsky.

metro projects in Bengaluru, Pune, and Thane, aiming to alleviate traffic congestion and enhance transportation efficiency.

Prime Minister Narendra Modi on Friday approved airport projects at Bagdgora in West Bengal and Bihta in Bihar for an estimate cost of Rs 1549 crore and Rs 1413 crore respectively. Union Minister Ashwini Vaishnaw said that Bagdgora Airport's project also includes construction of an apron capable of accommodating 10 parking bays suitable for A-321-type aircraft while the Bihar project includes the construction of an apron capable of accommodating 10 parking bays suitable for A-321/B-737-800/A-320 type aircraft. The Bagdogra project will feature a new terminal building spanning 70,390 sqm, designed to handle 10 million passengers annually and 3,000 peak hour passengers, as per the government.

The promising project, Mira Coral Bay consists of diverse properties created in partnership with several renowned lifestyle brands. The collaboration with Mira Developments displays a key achievement for Marjan’s subsidiary, the RAK Dredging Company, as it transforms Al Mairid into a distinctive destination with top-tier infrastructure, supporting Ras Al Khaimah’s ambition to become a premier tourism and investment hub in the region. Talking about the project, Arch.

investors, fatigued by waiting, are now compelled by frustration—perhaps even desperation—to dive into the market. The disciplined patience that kept them at bay has given way to an urgency to join the action. Who are these investors? (Note: I’m generalizing here.) They are typically drawn to stocks that are already in motion, the market's hot favourites.

Satish Pai, MD, Hindalco, says this quarter the sales were much higher than expected. The demand was very strong, and operational efficiencies were good. The company got a higher number, but there was also some amount of hedge accounting noise that came in, which can always go either way. So, on a consistent onward-going basis, Hindalco will stick with the Rs 600 crore guidance. Further, in India, Hindalco is net debt negative. The gross debt in India is around Rs 8,000 crore. The company does not have any plans to reduce that anymore. In Novelis, once the Bay Minette project is over, they will be back to normal two-and-a-half type of net debt to EBITDA rates. While Q1 revenue growth was largely in line with the guidance that you had earlier stated, given the recent fall in metal prices that we have seen recently, are you confident of achieving, let us say, 6% to 8% top-line growth guidance that you had given at the start of the year? Satish Pai: So, I think that honestly in our commodity type of business, we are more interested in growing the EBITDA than the top line. So, if you look at it, this quarter our consolidated EBITDA of Rs 7,992 crore was up 31% year-on-year. Our focus is on profitability and margins more than just trying to grow the top line because the top line in a commodity business is very much driven by the price of aluminium and copper, which is not really in our control. So, what we try to focus on is the profitability.

dal poori in Mauritius, but one which is very different from the original, and which is rooted in East Africa," he says. These kinds of culinary adaptations became more marked just after the partition of India in 1947—an unprecedented migration of people in history. In May 2020, The Partition Museum, Amritsar, spent a week highlighting food memories related to this.

Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Its seven members are five South Asian countries (Bangladesh, Bhutan, Nepal, India, and Sri Lanka) and two Southeast Asian countries (Myanmar and Thailand). The bloc has been negotiating a proposed Free Trade Agreement (FTA) since 2004.

French Air and Space Force will participate in India's first multilateral air exercise, Tarang Shakti-2024, which is set to begin at Air Force Station Sulur in Tamil Nadu on August 6. The French contingent will comprise three Rafale fighter jets, one Multirole Tanker Transport (MRTT) aircraft, and one A400M, with a total of 160 Air Force personnel, according to French Embassy in India press release. In the press release, the French Embassy in India stated, «Three other nations are participating in the first phase of this exercise, including EU Member States Germany and Spain, which have been partners of the Pacific Skies deployment from Alaska to India.»

New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas

DAM Capital initiated coverage on Hindalco with a 'Buy' rating and target price of Rs 905, which indicates an upside potential of 37% from the previous day's closing price of Rs 660 apiece. In its coverage initiation, DAM Capital emphasized the opportunities within the aluminium sector, expressing optimism about future aluminium prices and predicting deficits ahead. Meanwhile, the brokerage highlighted Hindalco's strengths, noting, «Hindalco's India aluminium business is strong, with stable copper operations.»

Bank of Montreal’s stock was downgraded by an influential Bay Street analyst on concern the lender is building up credit losses at a faster pace than its U.S. peers.

Cohasset and Scituate were friendly for more than 250 years. Now, the Massachusetts neighbors can’t find common ground. The reason: oysters.