Extreme Financial News

After days of delays, the resolution also called for the creation of «conditions for a sustainable cessation of hostilities» but did not call for an immediate end to fighting.

Tamil Nadu government's claim of a delay in issuing warning over rainfall in the state by IMD, Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Friday said the Regional Meteorological Centre (RMC) in Chennai is a state-of-the-art facility and it had forecast heavy rains in the southern state well in advance. She said this in response to the charge by Chief Minister M K Stalin that India Meteorological Department (IMD) had failed to issue timely warnings about the extreme rainfall that battered Tuticorin, Kanyakumari, Tirunelveli, and Tenkasi districts. Attacking the DMK government, Sitharaman sought to know what kind of measures it took when the weather office predicted heavy rainfall.

debt could be 100% of GDP by FY28, stating that centre and states were on path of consolidation and the general govt debt is expected to decline substantially in the medium- to long-term. The government noted that the IMF staff report had presented the figures as a worst-case scenario and was not a ‘fait accompli’. “It is also noteworthy that the same report indicates that under favourable circumstances, the General Government Debt to GDP ratio may decline to below 70 per cent in the same period.

extreme measures to afford a simple meal," the WHO added. As Israel continues its attack on Hamas-ruled Gaza, the Integrated Food Security Phase Classification (IPC) global partnership released new estimates, saying Gaza is facing "catastrophic levels of food insecurity", with the risk of famine "increasing each day". The horror doesn't end here.

Sanjiv Bhasin, Director, IIFL Securities, says “Commodities are back. Steel prices are going to go through the roof. Tata Steel is a clear outperformer. Before the budget, you will see Rs 170 on Tata Steel. Second pick would be Ashok Leyland. On a year-on-year, there has been a 9% increase in their sales in commercial vehicles. Tata Steel and Ashok Leyland are my two favourites. On the trading side, HDFC and Reliance are now the big heavyweights which will drive the index back to 21,500 and beyond.” I have been observing your commentary for almost a fortnight now, you are positive, but at the same time, you are nudging the investors. If you are sitting on very fat profits, do take some profit off the table as well. So, what is the positioning right now in the market? Sanjiv Bhasin: We have been cautioning you that the midcap rally was unsustainable, it needed a sharp correction. And you got a sharp correction of 3.5% on a single day and beyond. But that is where the feeling of missing out is tremendous. Mutual funds are sitting on cash and they try to time the market which is unfortunate and that is why they are now latching on to any correction.

ANI, Karunanidhi said, “...The weather department did not expect this, we had been checking regularly. This happened suddenly and unprecedentedly... The government could not have done anything." Speaking on what led to the devastation, she added, “Every day, more than 1.5 lakh cusecs of water was being released and water from a lot of tanks breached.

A number of upset travellers have traded in their swimsuits for snow gear after their sunny Bahamas-bound cruise was rerouted to more frigid temperatures in New England and Canada.

Pacific Northwest experienced a record-breaking heat wave that sent the normally temperate region into Death Valley-like extremes that took a heavy toll on trees as well as people. Seattle and Portland, Ore., recorded their hottest-ever temperatures, reaching 108 degrees Fahrenheit (42.2 Celsius) and 116 Fahrenheit (46.6 Celsius), respectively. In British Columbia, the small town of Lytton reached 121 degrees Fahrenheit (49.6 Celsius). What become known as the “heat dome” is estimated to have killed hundreds of people in Oregon, Washington and British Columbia. As this human tragedy unfolded, a lesser-known ecological tragedy was happening, one that scientists warn has grim repercussions for the world’s plants and the many animal species that depend on them. In a matter of a few days, the 2021 heat dome turned many of the green leaves and needles on the region’s trees to orange, red and brown. But, as recent research suggests, tree foliage didn’t simply dry out in the heat.

mouse fever’ which includes symptoms such as bleeding eyes and vomiting. According to the HUR or the Main Intelligence Directorate in the country, the disease has spread across Kupyansk among the Russian troops present there. At the time of the outbreak, the troops were facing shortages of winter supplies.

Airtel has entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with internet of things technology, the company said on Thursday. The project is estimated to be executed over a period of next 10 years.

Despite the recent breakout in the S&P 500 (SPX), UBS technical analysts are urging caution as they see potential for a bull trap developing in the US stock market indices.

As DEX-launched tokens continue to mount seismic rallies, CHEEBS and AVAXINU have mounted the latest 150x rallies overnight, and now traders are gravitating to this latest meme coin as the next potential skyrocket.

The rally in US stocks is showing signs of fatigue, and investors should be ready to buy into any declines, according to Citigroup Inc. strategists.

Brahmaputra Board, Ministry of Jal Shakti, Government of India, have developed an indigenous river model BRAHMA-2D (Braided River Aid: Hydro-Morphological Analyzer). This comprehensive mathematical model can help to understand flow of large braided rivers like Brahmaputra, providing valuable insights to field engineers to design sustainable hydraulic structures like Spurs, Revetment and other river bank protection measures.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “for the next couple of days, the market may face volatility. Weak hands are probably out of the market in yesterday's correction. Having said that, there are two levels to keep an eye on. One is 20,950; we reversed 25 points from that level in the morning, in the first half of the trading session today. So that remains a crucial support and that is where the put writers are also present both in the weekly as well as the monthly expiry.” Do you think there are any chances of visiting the morning lows or does it appear that the station has been taken out and now we are looking at higher levels? So two things. Yesterday's correction was more like the boy who cried wolf. Everybody was expecting that, it would be the FIIs who are selling at the year-end, booking profits, closing their books at a record high, etc, etc. But the data just does not prove that. In fact, they have added longs in index futures, they have added longs in stock futures on a down day. And even the cash figure, the sell figure was hardly anything to be worried about.

Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.

₹1,008.59 crore from the initial public offering (IPO). Also Read: Happy Forgings IPO Day 1: Issue subscribed 2.31 times; retail portion booked 3x Let us check Happy Forgings IPO GMP today, subscription status and other key details: Happy Forgings IPO was subscribed 9.11 times on December 21, the third and the last day of the bidding process. The public issue received bids for 7.61crore equity shares as against 83.65 lakh shares on the offer, as per data available on NSE till 10:35 am.

By Anton Bridge

Billionaire Charlie Munger, who passed away in November at the age of 99, spent many decades alongside Warren Buffett at the helm of Berkshire Hathaway Inc. Together, they grew Berkshire from a small textiles firm into a massive and diversified conglomerate with a market capitalization of about US$780 billion at the time of Munger’s passing.

camps in remote areas of the state to take on the Maoists. This was revealed by DGP Sunil K Bansal after inaugurating the strategy conference on left wing extremism here. «We have plans to set up 11 new COBs (Company Operation Base) of CRPF/BSF in remote areas as Maoists may unleash violence to make their presence felt,» Bansal said.

High-net-worth individuals in the United States and Canada are feeling challenged by weather risks, the economy, and potentially ruinous lawsuits, according to a new survey.