Extreme Financial News

Also read: Govt explores bus roof mounted air purification systems to tackle air pollution: Jitendra Singh Officials stated that they were still in the process of identifying the deceased victims. Around 20 individuals who sustained injuries in the accident have been taken to hospitals for treatment, with one woman reported to be in a "delicate" condition, according to the state government, reported Reuters.

Mesoblast investors are used to trying to read the tea leaves ahead of a major announcement. August 2 – the deadline the US Food and Drug Administration had given to rule on its latest application – proved to be no different.

Niger President Mohamed Bazoum on Thursday appealed to the US government and the entire international community for help in restoring the country's constitutional order that is under attack from a military junta, according to a report published by AFP. In a column in The Washington Post, Bazoum said, "If a coup attempt to depose him is successful, "it will have devastating consequences for our country, our region, and the entire world. I write this as a hostage" "Niger is under attack from a military junta...

startup on Wednesday announced that more than a dozen of employees will be sacked in the coming days. After laying off, the co-founders also urged recruiters to contact them to hire the fired workers. One of Yougotfam's founders, Sambhav Jain shared the update on X, formerly known as Twitter.

Navalny faces trial again on Friday to hear whether he has been found guilty of a series of extremism charges that could see him spend 20 more years behind bars. He is already serving a nine-year sentence in a maximum-security prison for «embezzlement», a charge that his supporters say was trumped up in retaliation for challenging President Vladimir Putin. Navalny said he expected the court to hand him a lengthy, «Stalinist» prison sentence of about 18 years, and called on his supporters to resist Putin's rule in a statement Thursday.

World Scout Jamboree in Buan, South Korea has been marred by the scorching heat, with hundreds of participants suffering from heat exhaustion. On the first night of the event, about 400 cases were reported, and many were treated at a makeshift hospital at the campsite. The temperatures in North Jeolla province, where the jamboree is taking place, have soared to 35°C (95°F) amid a heatwave warning. Scouts from countries like the US, Bangladesh, and the UK have been affected, with the UK contingent being the largest with around 4,500 participants out of the total 43,000 in attendance. The UK Foreign Office stated that they are closely monitoring the situation and have consular officials on-site to support the attendees. They are in regular contact with Scouts UK and the relevant Korean authorities to ensure the safety of British nationals. A fire service official revealed that most of the scouts who required medical attention had mild symptoms like headaches, dizziness, and nausea, and they have mostly returned to their campsites.

Four years after it grabbed headlines buying up Westpac’s financial advice books, Melbourne’s Viridian Financial Group has found an acquisition that would push its revenue over the $100 million mark for the first time.

Edited excerpts: How do you see the monsoon behaving in August? There is a level of uncertainty in prediction and distribution has got distorted. For example, North India is still excess of 26%, more than South and Central, though it should be the other way round. Average precipitation in North India is relatively lower, whereas East India gets the highest average rainfall as compared to the other regions.

Jason Bateman is set to produce and direct the dark comedy limited series "Daddy Ball." The series will be co-executive produced by Michael Costigan and Roxie Rodriguez for Aggregate, along with producers David Herbert and David Klawans. Netflix secured the rights to the series in a competitive bidding war, with eight offers on the table. The exact price of the deal remains undisclosed but reflects the high demand for the show, and it will be developed on a fast track. Here’s everything you need to know about ‘Daddy Ball’;

The storms, which have killed at least 20 people and led to the displacement of hundreds of thousands of residents, were the worst to hit China in over a decade, with Beijing experiencing its heaviest rainfall in 140 years. HOW SEVERE WAS THE RAINFALL? The amount of rainfall since Saturday has breached many local meteorological records. A reservoir in Beijing's Changping district logged a precipitation reading of 744.8mm (29.3 inches) between Saturday and Wednesday, the most in the city in over 140 years and far exceeding the previous record of 609mm set in 1891.

civil servants with incompetent and corrupt lackeys, further sapping the economy of dynamism and innovation. The government’s plans thus amount to a time bomb, because rating agencies could soon see fit to downgrade Israel’s creditworthiness. If tech and other firms move abroad, the government’s revenue base will shrink, making the growing transfer payments to the ultra-orthodox unsustainable.

Wilko, a discount retail chain which sells homeware and household goods, is at risk of collapse after it filed a notice of intention to appoint administrators on Thursday, putting 12,000 jobs on the line if no buyer can be found. Wilko said it had received indicative offers to help recapitalise but none of them were able to provide sufficient liquidity in the time needed, meaning it was set to call in administrators.

Morgan Stanley has upgraded its rating for Indian ... moreMorgan Stanley has upgraded its rating for Indian stocks.

The Centre on Thursday relaxed key rules to give a one-year extension to Cabinet Secretary Rajiv Gauba beyond August 30, 2023, according to a Personnel Ministry order. With the completion of this third extension, he will become the longest serving cabinet secretary of the country.

Signing a cheque? It is important to be cautious before doing it due to the legal and financial implications involved. A signature on a cheque signifies authorisation for the mentioned payment, making it a powerful financial instrument.

Cabinet Secretary Rajiv Gauba was on Thursday given one-year extension, beyond August 30, 2023, in service by the government, according to a Personnel Ministry order. This is his third extension on the post.

₹150-170 a kilo last week. Mint explains why. Tomato prices started shooting up again last Friday.

Mahindra & Mahindra and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for the latter to invest Rs1200 crores into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company, Mahindra and Mahindra said in a filing to the stock exchanges. Temasek will invest Rs1200 crores in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to Rs 80,580 ($9.74 billion) crores resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL. ET had reported on the company’s fund-raising plans in its July 10 edition.

Fitch's move to downgrade US rating as an excuse to book some profits off the table. Sensex has plunged about 1,500 points in 2 days while Nifty broke below the 19,300-zone. In the two-day selloff, investors have become poorer by Rs 5.7 lakh crore. While Fitch's statement had nothing new to offer as it is a well-known fact that developed market governments are getting more indebted, the downgrade of US rating to AA+ from AAA is seen as being sentimentally negative for riskier assets. In sync with the risk-off reaction in global and other Asian markets, Sensex plunged over 800 points on Thursday with Reliance Industries (RIL), banks and IT stocks leading the downside. Realty, banks and other financial stocks were among the worst affected but pharma stocks managed to thrive in the selling pressure on the back of Q1 earnings report card. Amid the global sell-off, Dalal Street traders also overlooked Morgan Stanley's upgrading of Indian equities to overweight position. Citing a structural uptrend, secular leadership and relative valuations being less extreme than in October, the global brokerage firm has placed India at the No.1 position in its basket of Asian emerging markets ex-Japan.

Australian law firms are following the global trend of flat profits in the legal industry, with partner pay expected to fall for the first time in seven years due to an explosion in expenses.

Also read: Monsoon Tracker: IMD predicts extremely heavy rains in Odisha today; orange alert issued in these states. See forecast On August 4, moderate rain is predicted in most places in the districts of Konkan-Goa, and light to moderate rain in several places in Madhya Maharashtra, and a few places in Marathwada.