Extreme Financial News

New Delhi: The India Meteorological Department (IMD) on Sunday warned that heavy to extremely heavy rainfall will likely persist over Arunachal Pradesh, Assam, and Meghalaya until Monday. This has been attributed to the influence of a cyclonic circulation over west Assam at lower tropospheric levels, coupled with the western end of the monsoon trough aligning along the Himalayan foothills.

ITC is seeing green shoots of volume growth and expects the momentum to continue sequentially, its Chairman and Managing Director Sanjiv Puri said on Sunday. This will certainly lead to improvement in volume, but it will not happen overnight, said Puri here on the sidelines of the B20 Summit organised by the CII. Over the ITC's plan for the demerger of its hotel business, Puri said it is going to benefit the existing shareholders by incorporating a wholly-owned new subsidiary ITC Hotels Ltd. «It will be a pure-play, focused on hospitality, which can leverage the institutional strengths of ITC. And ITC in turn will be able to leverage the synergy on its hospitality business, or its FMCG businesses,» Puri told PTI. It is a «very robust» model, which will help the business to make the hotel business accelerate progress, whilst retaining synergies and it will improve the financial metrics of ITC, he added.

climate change events that have plagued the world are ‘here to stay’. Puri further added that companies in India should fine-tune their strategies in accordance to the climate change that has affected existence. Puri said extreme weather events are impacting the earth as well as human life and requires a lot of attention.

ITC Chairman Sanjiv Puri said on Sunday. Addressing the B20 Summit organised by the CII here, Puri said extreme weather events are impacting the earth as well as human life and requires a lot of attention. Extreme weather events have a deep impact on nature and therefore also on the Global South.

According to a report by CNN, in 2021, Murugan fell off the back of an overcrowded lorry, leading to a fracture on his leg. Murugan’s accident occurred on January 3, 2021.

Chan Sung Jung to record his 20th victory on Saturday in Singapore Indoor Stadium. He knocked out the Korean Zombie at the 23-second mark of the third round.

Roshni Nadar Malhotra, chairperson of HCL technologies, said in the national capital on Saturday. Speaking at a B20 panel on technology, innovation and R&D, she said, “One of the issues with global technology and skilling is that innovation is very specific to countries,” adding that the challenge is taking solutions to scale. Nadar-Malhotra, who also co-chairs the B20 Taskforce on Digital Transformation, said the B20 Task Force on Technology, Innovation and R&D’s recommendation for such a digital platform aligns with that of her own task force’s focus on bridging the digital divide, addressing digital literacy and the skills gap, enterprise transformation of MSMEs with a digital toolkit, and fostering digital trust. Developing future skills will be key and has boded India well since it invested in R&D in information technology since the 1970s, she said. This attracted international companies to come and leverage its capabilities.

CRPF on Saturday inducted WhAP vehicles, designed both for land and water operations in the Kashmir Valley, adding to the paramilitary force's operational capabilities, officials said. The force demonstrated the vehicle's capabilities at Lethpora in south Kashmir's Pulwama district. Two Wheeled Armoured Amphibious Platform (WhAP) vehicles have been deployed in south Kashmir to aid anti-militancy operations, the officials said. The 8-by-8 vehicle is a state-of-the-art platform.

B20 Summit India 2023 here, Tata Sons Chief Economist and Head of Policy Advocacy, Roopa Purushothaman said while inequality between countries has been getting better, inequality within countries has been worsening in the last few decades or more. «As we look forward, we're sitting amidst a group of trends that are really posing serious challenges to inclusion.

insurance industry, resulting in the rise of new kinds of reinsurers—firms that backstop other insurers—relying on computer models to price extreme risks. But were the same storm to repeat this year, it might cause a far bigger disruption. That is because a combination of climate change, economic and population growth, and inflation of all kinds has challenged insurers’ grasp of what exactly “the worst" entails.

CNN. The planet also has an unexpected bright companion. In a new research published in the journal Nature Astronomy, lead study author Patrick Irwin said he has always wondered since the first discovery of a dark spot what these elusive dark features are.

Chandrayaan-3's successful lunar landing at the southern pole establishes it as the first nation to attain this distinction. ISRO is “The Mastermind” behind the success.

Powell at Jackson Hole. U.S. yields stabilised below 14-year highs.

Climate change is destroying southern Europe. An era comes to an end." This tweet in early July by Karl Lauterbach, Germany’s health minister, went down badly in Italy. The country’s minister for tourism, Daniela Santanchè, sourly retorted that she thanked Mr Lauterbach for picking Italy for his holiday, but the Italian government was well aware of climate change and that sustainability was one of the central elements of its strategy for managing tourism.

TORONTO — Canadian insurers are grappling with the higher risk of wildfires as this year’s fire season breaks records, and experts say rising premiums are just one way the industry is seeking to adapt to the changing landscape.

Renewable energy solutions provider Suzlon Group on Friday announced that it has bagged a large order for a 201.6 MW wind energy project from Teq Green Power XI, a part of O2 Power. ''Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning," the company said in a statement. The company will also provide operation and maintenance services post-commissioning, it added.

iPhone 15 standard models may be impacted by this issue, whereas the Pro models could potentially feature the fastest charging speed ever witnessed on an iPhone. Quoting a post from user Majin Bu on August 24, various media outlets have indicated that Apple's USB Type-C cables for the standard iPhone 15 may carry only a 2.0 certification, potentially leading to reduced charging speeds and data transfer rates.

monsoon season in India so far has been marred by extreme weather events, from humid heat waves to cyclones to torrential rains. Scientists blame climate change. They say it has been altering the monsoon patterns along with weakening its circulations.

world economy in 1978, it became the most spectacular growth story in history. Farm reform, industrialisation and rising incomes lifted nearly 800m people out of extreme poverty. Having produced just a tenth as much as America in 1980, China’s economy is now about three-quarters the size.

Antarctica's iconic symbol, the emperor Penguins is at the risk of 'quasi extinction' due to the abrupt reduction in sea ice. According to a study published Thursday by researchers from the British Antarctic Survey, colonies of emperor penguins failed to breed at a level never seen before in Antarctica. The study predicted that 90% of the emperor penguins “will be quasi-extinct" by the end of the century under the current global warming trajectory.

Stellantis NV (NYSE:STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.