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landslides caused by heavy downpours in Nepal killed at least 10 people across the Himalayan country, with rescue teams searching for 18 missing, a disaster official said Saturday. Parts of Nepal have been inundated with rainfall since Friday, prompting disaster authorities to warn of flash floods in multiple rivers. «Police are working with other agencies and locals to rescue and find the missing people,» Basanta Adhikari, a spokesman for Nepal's National Disaster Risk Reduction and Management Authority, told AFP.

quick commerce industry has witnessed remarkable growth, with sales surging by more than 280 per cent over the last two years, according to a report by financial services firm Chryseum. The report highlighted that the Gross Merchandise Value (GMV) of quick commerce in India increased from USD 0.5 billion in FY22 to a staggering USD 3.3 billion in FY24, which is a 280 per cent increase. Quick commerce, which refers to the rapid delivery of small orders within a short time frame, is growing at a much faster pace than traditional e-commerce.

The company that recently raised Rs 24,000 crore by selling shares had said the deal marked the first step towards the rollout of its «transformative» three-year capex plan of Rs 55,000 crore, aimed at expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth. While experts had termed the deal, which is the largest by any telco this year, as a significant step in terms of network capex, they felt that additional investments would be needed for Vi to get at par with its stronger rivals, especially after the Supreme Court rejected a curative petition seeking to recompute dues linked to adjusted gross revenue (AGR). This ruling effectively confirmed its statutory dues of over ₹70,000 crore, payable from FY26.

Google has called more than a dozen witnesses to defend itself against claims by the Justice Department and a group of state attorneys general that it has a monopoly in advertising software that places ads on web pages, part of a second major federal antitrust trial against the tech giant. Google's lawyers wrapped up their arguments in the case on Friday, and the government will now offer a rebuttal. Judge Leonie Brinkema of the US District Court for the Eastern District of Virginia, who is presiding over the nonjury trial, is expected to deliver a ruling by the end of the year, after both sides summarize their cases in writing and deliver closing arguments. The government last week concluded its main arguments in the case, US et al. v. Google, which was filed last year and accuses Google of building a monopoly over the technology that places ads on websites around the internet.

Indian equity markets scaled new highs in the month of September on the back of 50 bps rate cut by the US Federal Reserve, boosting the sentiments of investors that the easing cycle is here to stay. The markets clocked gains in three out of four weeks during the month. Benchmark Sensex rose 1.22% in September, as many as 62 stocks on BSE 500 clocked double-digit gains of up to 35%. Among these, about seven of them offered over 25% returns to investors during the month.

power sector presents a colossal multi-decade investment opportunity, with an estimated INR40 trillion in investments over the next decade. This potential is fuelled by three key drivers: rising power demand, a necessary shift towards renewable energy, and the modernization of aging infrastructure. Power demand in India is expected to grow at a faster rate, with a 7% CAGR over the next decade, driven by a robust economic outlook, urbanization, and new demand drivers such as electric vehicles (EVs), data centres, and the electrification of energy needs.

Subscribe to enjoy similar stories. Mumbai: A surge of more than 50% in steel imports in FY25 has sent the alloy's prices crashing in India, setting off alarm bells for domestic manufacturers, even as they battle slowing local demand and march ahead with planned capacity expansion. According to data from market intelligence firm BigMint, prices of benchmark hot-rolled coils (HRC) of steel averaged ₹48,350 per tonne in September (from ₹57,900 in September 2023), falling below the ₹50,000-mark for the first time since November 2020, when sales hit rock bottom in the thick of the pandemic.

Subscribe to enjoy similar stories. As India's equity markets soar, mutual fund managers are becoming increasingly cautious. Despite a surge in investor inflows, they are opting to hold on to cash, waiting for more opportune moments to invest amid market volatility and overvalued assets.

anime drama, Oshi no Ko, will release Season 2 Episode 13 soon. Anime drama’s Season 2 premiered on July 3.

According to Business Insider, Russia, China, North Korea and Iran have made their military ties much stronger than before. It is a cause of concern for the US military and their allies all over the world. Both China and Russia have been holding large scale air and naval drills together. Also Read :Astronomers have detected what may be a ‘future Earth’ eight billion years from now

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Subscribe to enjoy similar stories. New Delhi: The Supreme Court of India is set to rule on the powers of the Airports Economic Regulatory Authority (AERA) to regulate tariffs for non-aeronautical services, a decision that could affect the charges that passengers pay for airport facilities and flying.

Bharat Petroleum Corporation (BPCL) soared approximately 7%, reaching a new all-time high of Rs 370.50 on the BSE and the NSE, amid strong trading volumes in the stock. Throughout the day, nearly 3 crore shares exchanged hands on both the exchanges combined and the company’s total market capitalisation stands at Rs 1.6 lakh crore.

My wife is 35 years old and has been working for 13 years. She is planning to quit work and will receive a sum of Rs 3 lakh as gratuity. She has a high risk appetite. Can you suggest some mutual funds or stocks for investing this amount? Also, will the gratuity be taxable? Rushabh Desai, Founder, Rupee With Rushabh Investment Services: Given your wife’s age, high risk appetite, and long-term investment horizon of more than 10 years, a portfolio with 50-60% in flexi-cap funds, 20-25% in mid-cap funds, and 20-25% in small-cap funds is ideal for wealth creation.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. slipped 0.14 per cent to Rs 5371.15 in Friday's trade as of 01:08PM (IST). The stock hit a high price of Rs 5400.3 and low of Rs 5315.8 during the session.

equity mutual funds had a portfolio turnover ratio of more than 100% for the last three consecutive months. ETMutualFunds looked at the portfolio turnover ratio of around 266 equity mutual funds for three straight months. A higher portfolio turnover ratio indicates continuous buying and selling of stocks by the fund managers. The continuous churning of the portfolio by the fund manager increases the costs and drags down the return of the scheme. Bandhan Large Cap Fund had a portfolio ratio of more than 150% in all the three months. Baroda BNP Paribas ELSS Tax Saver Fund, an ELSS fund, had a portfolio turnover ratio of more than 100%.

Reliance Power shares hit the 5% upper circuit and a new 52-week high at Rs 46.36 once again today, marking a 46.6% rise over the last 8 consecutive trading sessions. The smallcap stock has been on a continuous upward trend during this period. The recent rally followed the company’s board approving the issuance of up to 46.2 crore equity shares and/or warrants worth Rs 1,525 crore through a preferential allotment on Monday.

Hurricane John strengthened once again on Thursday as it hurled rain at Mexico's southwestern coast dotted with ports and tourist hotspots, an area already soaked by the slow-moving storm system over the past several days. John has churned menacingly near the stretch of coastline since Monday, weakening and strengthening again as it impacted major cargo ports, temporarily shutting local airports as well as claiming at least five lives, mostly due to mudslides. AccuWeather meteorologist Jesse Ferrell referred to John as a «zombie» storm — a term that refers to systems that dissipate before strengthening back into a storm, first coined by the U.S. National Weather Service in 2020 when the remnants of storm Paulette regenerated near the Azores after striking Bermuda.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. Mumbai: To boost corporate governance practices, the capital market regulator plans to extend the mandate of setting up risk management committees (RMC), to the top 2,000 companies listed on exchanges as per their market share. This comes after the Securities and Exchange Board of India (Sebi) in 2020 mandated that the top 1,000 listed companies set up RMCs.