Extreme Financial News
10.08 / 09:47
Citi
Provident
Extreme
Career
Platform
Cushman & Wakefield elevates Veera Babu as Managing Director, Tenant Representation, India
India, had appointed Veera Babu as Managing Director, Tenant Representation, India. In his new role, Veera will drive strategic business growth to strengthen the firm’s leading position across cities.
10.08 / 08:11
UPS
Lowe's
Target
Extreme
country
Rate Cut
RBI monetary policy: Does revision in inflation projection mean no rate cut coming in 2023?
RBI MPC Meeting: Growth resilient but inflation remains a risk; key takeaways from RBI policy decision RBI is concerned due to uneven monsoon in some parts of the country which has contributed to an increase in vegetable prices. The central bank expects that headline inflation will increase in the next couple of months. That is why the RBI raised the CPI (consumer price index) inflation, also known as retail inflation, targets to 5.4 per cent for FY24 versus an earlier projection of 5.1 per cent.
10.08 / 05:29
UPS
Lowe's
Extreme
CEO
performer
RBI MPC: CPI projection is revised to 5.4%, says Governor Shaktikanta Das
RBI) gain kept the policy rates unchanged at 6.5%. The repo rate is the rate of interest at which RBI lends to other banks."Our economy has continued to grow at a reasonable pace becoming the 5th largest economy in the world, contributing around 15% to global growth," said RBI Governor Shaktikanta Das. Talking about inflation, Das said headline inflation after reaching a low of 4.3% in May, rose in June, and will surge in July and August, said.
10.08 / 05:03
UPS
Citi
Waters
Extreme
show
Explainer
Explainer-What are China's 'sponge cities' and why aren't they stopping the floods?
The initiative was launched to boost flood resilience in major cities and make better use of rainwater through architectural, engineering and infrastructural tweaks. But cities remain vulnerable to heavy rain. In July alone, floods and related geological disasters caused 142 deaths and disappearances, destroyed 2,300 homes and caused direct economic losses of 15.78 billion yuan ($2.19 billion), China's emergency ministry said on Monday.
10.08 / 05:03
Lowe's
Target
Extreme
Align
band
country
RBI raises inflation forecast for FY24 to 5.4%; Das vows to go beyond keeping an Arjuna's eye amid galloping food prices
The Reserve Bank of India has raised inflation aim to 5.4% from 5.1% forecast in June policy. The central bank today also held the benchmark rate steady for a third straight time at 6.5% and also retained stance by five-to-one vote to focus on withdrawal of accommodation. El Nino weather conditions and global food prices need to be watched closely and these developments warrant a heighetned vigil, RBI Governor and MPC Chair Shaktikanta Das said while announcing the policy decisions.
10.08 / 04:37
COST
UPS
Waves
Extreme
Corning
country
Soaring rice prices stretch budgets for billions in Asia, Africa
rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake for people in parts of Southeast Asia and Africa, and that rises to 70% in countries like Bangladesh.
10.08 / 03:35
Reuters
Extreme
Hawaii Wildfires: At least 6 people killed due to Maui wildfires, Joe Biden promises federal assistance
Climate change exacerbated by fossil fuel use is increasing and the intensity of such extreme weather events has increased, reported Reuters. Scientists have warned government officials that fuel related emissions need to be slashed in order to prevent climate catastrophe.
10.08 / 03:15
UPS
Provident
Extreme
Aware
CEO
country
How Russia-Ukraine war casts impact on food security for vulnerable populations?
agricultural practices, the reduction of reliance on imported food, and the reinforcement of resilience against the impacts of climate change. In a conversation with LiveMint, Lisa Moon, who holds the position of President and CEO at the Global FoodBanking Network (GFN) and is also the organizer of the G20 Global Food Security Summit 2023, emphasized the critical objectives and pressing nature of ensuring food security. (Edited excerpts.) The Global Food Security Summit 2023 is comprised of officials, businesses and civil society members from across India.
10.08 / 03:09
Provident
Extreme
Mobile
Tesla
Chevrolet
show
Power
GM will add backup power function to its electric vehicles
General Motors said Tuesday that it planned to equip all of its electric cars and trucks with the ability to act as backup power supplies during blackouts. The decision to install two-way charging technology in Chevrolet, Cadillac and GMC electric cars and trucks, enabling them to power homes in an emergency, shows how carmakers are marketing the vehicles as being not just cleaner than their gasoline counterparts, but also more practical. The technology will begin appearing in vehicles this year, including an electric version of the Silverado pickup and an electric Cadillac Escalade, which GM will unveil Wednesday.
10.08 / 02:39
UPS
Citi
FIVE
Extreme
Southern
Monsoon Update: IMD predicts heavy rainfall in Bihar, UP, Punjab, Haryana. Check full list here
Also Read: Monsoon tracker: Very heavy rains in these states till 12 August; subdued rainfall activity in these states for the week According to its bulletin, the weather agency also indicated that there is a possibility of isolated heavy rainfall in both western and eastern parts of Uttar Pradesh on Sunday. Light to moderate fairly widespread to widespread rainfall is expected in the eastern part of India. Bihar, sub-Himalayan West Bengal, and Sikkim have the potential to encounter isolated instances of heavy rainfall between Wednesday and Sunday.
10.08 / 02:39
UPS
FIVE
Extreme
Highways
IMD predicts rainfall for Manipur, Meghalaya, Uttarakhand. Check full list here
Also Read: Monsoon Update: IMD predicts heavy rainfall in Bihar, UP, Punjab, Haryana In its weather bulletin, the IMD has forecasted the likelihood of isolated instances of intense to extremely heavy rainfall in Arunachal Pradesh, Assam, Meghalaya, Nagaland, Manipur, Mizoram, and Tripura over the next four days. Meanwhile, in Himachal Pradesh, the collective number of fatalities resulting from rainfall, floods, and landslides in Himachal Pradesh has climbed to 223. State Revenue Minister Jagat Singh Negi communicated to ANI on Wednesday that Chief Minister Sukhvinder Sukhu is supervising the ongoing efforts to restore the state.
10.08 / 02:25
Provident
Extreme
Platform
Action
Align
‘Gas corps should be sweating’: CBA’s new fossil fuel lending rules
Commonwealth Bank is lifting the bar on oil and gas producers’ access to financing, requiring fossil fuel producers to provide detailed plans that disclose carbon emissions through the supply chain.
10.08 / 01:13
09.08 / 23:05
Provident
Digital
Citizens
Extreme
country
Ruble
Russia begins digital ruble pilot
The pilot will begin on 15 August and involve select clients of the participating banks. It will test the opening of digital ruble accounts and money transfers to them, person-to-person transfers, bill payments, and QR code-based payments.
09.08 / 17:13
Provident
Extreme
Platform
Covenant
tenor
SP group firm’s bond offers 16-17% yield but here’s the risk
The news of Goswami Infratech Pvt. Ltd— a Shapoorji Pallonji (SP) Group company— raising debt last month raised quite a few eyebrows. That was because the company tapped the bond market to raise a massive ₹14,300 crore at a whopping 18.75% interest.
09.08 / 16:54
09.08 / 16:53
COST
Waves
Extreme
Southern
Allstate
Swiss
Severe storms lead to unprecedented $34 billion in US insured losses so far this year, Swiss Re says
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time as climate change contributes to the frequency and severity of violent me...
09.08 / 13:45
Twitter
FIVE
Waters
Extreme
Orange
Uttarakhand weather: Red alert in several areas, 2 killed in fresh landslides, Haldwani inundated
Two children were killed after they were buried under a landslide in Uttarakhand’s Gauri village near Gaurikund in Rudraprayag district Wednesday morning while another child was injured amid incessant rains in the hill state. This was the second landslide in Gaurikund in five days. The state is witnessing heavy to very heavy rainfall for last 24 hours.
09.08 / 10:31
COST
Extreme
country
electronic
Global law firm retreats from China ahead of data crackdown
Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations in one of the more significant withdrawals by a Western company as Beijing intensifies a campaign to curb leakages of valuable information.
09.08 / 05:57
UPS
Progressive
Extreme
Indian
RBI policy: How the Indian stock market is expected to react tomorrow
RBI) is underway and it will conclude on Thursday (August 10). Experts believe the domestic market may not see any significant reaction to the RBI MPC outcome if the central bank maintains a status quo on rates and monetary policy stance. Experts believe the RBI will maintain a status quo on rates and stance on August 10.
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