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Adani Ports and Special Economic Zone Ltd, part of the Adani Group, said that it recorded bumper cargo volumes of 34 MMT in July this year--a 7% jump year-on-year (YoY). According to a statement on the stock exchange, APSEZ said that growth was observed across most ports, with containers over 23% and liquid & gas more than 27% in the previous month, respectively. During the initial four months of FY 2024 (April-July), APSEZ handled 135.4 MMT of total cargo--recorded 11% YoY growth, the company said.

Tesla headed by Elon Musk, is on its way to India and has been making significant strides toward establishing a manufacturing facility. Following a meeting between Prime Minister Narendra Modi and the Tesla CEO during Modi's recent visit to the US, the EV maker has gone ahead with its plans for the manufacturing facility by signing a five-year lease for a 5,850 sq ft office space in Pune.

The revival plans of crypto exchange FTX have been met with skepticism from industry insiders, with Jesse Powell, co-founder of Kraken, raising concerns about the feasibility of FTX 2.0's aspirations.

“There is enormous opportunity arising in Defense, semiconductor manufacturing, EV, Renewables and contract manufacturing and a lot of small to medium companies have started to operate in these areas, and these companies could well be future candidates for IPOs,” says Roop Bhootra, CEO, Investment Services, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Bhootra, said: “Investors should always deeply study the companies and the valuation it is demanding before applying in new IPOs” Edited excerpts:We are seeing some nervousness at record highs for Mr. Market. How do you see things moving – have we hit the top for the moment? We are in the middle of the earnings season and about 30 out of 50 companies have declared earnings so far, and in index weight terms, it is about 70%.

PayPal Holdings shares fell 7% in extended trading on Wednesday as investors were disappointed by the payments firm's quarterly operating margin, even as executives said they expect improvement towards the end of the year. Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company's low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple .

Also read: Potential Risks of Signing up for Worldcoin Addressing privacy concerns, Worldcoin's website assures that the project is "completely private," with biometric data either deleted or encrypted upon user preference. Nonetheless, regulators and privacy advocates have raised questions about the data collection and handling processes.

Indian Society of Advertisers (ISA) has launched the ISA Media Charter, a comprehensive programme aimed at protecting brand interests in the advertising sector by pushing fair and transparent practices. The ISA Media Charter has six key focus areas, including the ISA Model Media Agency Agreement, Zero Tolerance to Ad Fraud, Brand Safety, Viewability, the Common Minimum Standard for First-Party Data, and Cross-Screen Measurement.

funding winter in the startup world is making several C-suite executives who helmed trailblazing new-age companies in recent years to quit and set up their own companies or join early-stage businesses that are receiving investor funds. A large number of top executives have moved from unicorns to Series A and B firms or even down the chain in recent months – a move that reflects fund flows in the startup space.

Downer EDI will report a loss of around $386 million after writing off almost $550 million in goodwill and assets, the services contractor has warned, ahead of delivering its results next week.

The rising cost of living coupled with dissatisfaction at work are prompting more Canadians to consider quitting their jobs — threatening to usher in a fresh wave of the so-called Great Resignation.

Roman Devengenzo was consulting for a robotics company in Silicon Valley last fall when he asked a newly minted mechanical engineer to design a small aluminum part that could be fabricated on a lathe—a skill normally mastered in the first or second year of college. “How do I do that?" asked the young man. So Devengenzo, an engineer who has built technology for NASA and Google, and who charges consulting clients a minimum of $300 an hour, spent the next three hours teaching Lathework 101.

Financial advisors weren’t expecting a credit rating agency to downgrade U.S. debt two months after the country avoided a default, but they’re taking the move in stride.

Damar Hamlin will expand his efforts to promote charitable giving by supporting a company that allows donors to give to nonprofits immediately, while actually paying later

The new president of the United Auto Workers says the union will present a long list to General Motors, Ford and Stellantis when it delivers economic demands to the companies this week

CVS Health topped second-quarter expectations, but the health care giant’s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side

Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City, beginning Aug. 21

The former CEO of a respected South Carolina bank will spend seven years in federal prison for helping Alex Murdaugh steal nearly $2 million from clients' legal settlements

Federal law enforcement agents executed a search warrant and served a federal grand jury subpoena to WWE Executive Chairman Vince McMahon last month, according to a regulatory filing

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Equitable Bank reported its best ever quarterly earnings per share in the second quarter as high interest rates push Canadians to look for alternatives to traditional banking.

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