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The Italian coast guard says the body of British tech magnate Mike Lynch is among those recovered off the coast of Sicily from the wreckage of a superyacht whose builders had called unsinkable

Mint in the week gone by. The Indian rupee is showing signs of weakness mainly due to demand for the dollar by importers, while India Inc’s profits grew at the slowest pace in five quarters. The Indian rupee has been on a downward trend, sparking concerns as it slipped to ₹83.9550 against the US dollar by 2 pm on Thursday, down from ₹83.7794 the previous day, according to Yahoo Finance.

Sales of previously occupied U.S. homes ended a four-month slide in July

Mint. For instance, investors in companies such as Lighthouse Learnings and Piramal Glass have discarded their stake sale plans due to valuation mismatches in the private markets, two people with direct knowledge of the matter said. KKR-backed Lighthouse Learnings (formerly EuroKids) earlier this year appointed investment banks JP Morgan and Avendus to look for a buyer for its 94% stake in the education company it acquired in 2019.

₹2 crore ($240,000). While tournaments of this scale are good for gamers, the rising crop of professional esports players have a problem—they’re not being able to monetize their gameplays and social media presence.

Breakout stocks to buy or sell: Following the positive global market cues on the US Fed rate cut buzz, the Indian stock market ended higher for the sixth straight session on Thursday. The Nifty 50 index added 41 points and closed at 24,811. The BSE Sensex finished 147 points higher at 81,053, whereas the Bank Nifty index went up 300 points and ended at 50,985.

Asian markets opened lower, as investors prepare for comments from Jerome Powell later Friday. Equities in Australia and South Korea fell alongside Hong Kong share futures, echoing Thursday’s selloff in US stocks where both the S&P 500 and tech-heavy Nasdaq 100 indexes retreated.

₹1,830 crore. The companies had not responded to queries from Mint till press time. Vindhya Telelinks, an MP Birla Group company, was formed as a public-private joint venture between Universal Cables Ltd and the Madhya Pradesh State Industrial Development Corporation Ltd.

The sinking of a luxury yacht owned by British tech entrepreneur Mike Lynch off the coast of Sicily earlier this week has unfolded into a greater tragedy.

electric vehicle manufacturing. The remaining 24 applications are in process. The approvals on Wednesday are likely to help the companies partially offset losses they are incurring in manufacturing EVs due to low volumes currently. Among the companies, Bajaj Auto is the sole automaker to get approvals for all the 13 applications filed for its electric scooter Chetak and three-wheelers. Mahindra & Mahindra got approvals for 16 out of 23 applications, Tata Motors 15 out of 27, Ola Electric four out of five, TVS Motor two out of five, and Eicher which applied for one didn't get an approval, according to an internal document showing the DVA (domestic value addition) application status.

RBC Wealth Management has bolstered its operations in Ohio as it welcomes a multi-generational planning team from Morgan Stanley.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

Stocks wavered as traders weighed the latest economic reports for clues on the outlook for Federal Reserve rates in the run-up to Jerome Powell’s speech Friday.

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The closure of the fund, which has assets of around £10m, became effective on 15 August. A spokesperson for the firm told Investment Week the vehicle was closed after it became too small to manage cost-effectively. At its peak in December 2021, the strategy managed £82.7m in assets, according to data from Morningstar Direct.  Fidelity brings sustainable water & waste fund to the UK The UK-domiciled version of the fund was launched in December 2019 following the success of the Luxembourg SICAV, which remains open and currently manages $1.2bn in assets.  The SICAV, currently manag...

The perfect amount of money is not more; the perfect amount of money is enough. It is a great quote and a good philosophy.

An Arizona truck driver has been sentenced to 22 years and six months in prison after pleading guilty to killing five people while driving distracted on his phone.

Sumit Antil, left for the Paris Paralympics in advance to get acclimatised to the conditions. The 16 para athletes will stay at hotels in Paris for a few days before entering the Games Village on August 25, three days before the Opening Ceremony. The likes of Antil, who is bidding to become the first Indian to defend his Paralympics gold, will train at facilities near the French capital to acclimatise with the weather conditions there. Para athletics events will be held from August 30 to September 8, the closing day of the Paralympics, at Stade de France, the same venue where the able-bodied athletes competed during the Paris Olympics.

upgradation of industrial training institutes (ITIs). Official sources told ET that the ministry of skill development and entrepreneurship (MSDE) will soon kickstart consultations with states and industry associations across potential sectors to firm up the new scheme which envisages a total investment of Rs 60,000 crore over five years to impart skills training in new-age courses to two million youth through 1000 revamped ITIs. The identified sectors include construction sector, green energy, textiles and garments, advanced manufacturing, heavy engineering, automobiles, process industry, electronics, and telecom where rigorous skills training will be imparted to create a pool of skilled workforce.

Axis Mutual Fund has announced the launch of Axis Consumption Fund, an open-ended equity scheme following the consumption theme. The new fund offer or NFO of the scheme will open for subscription on August 23 and will close on September 6. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme will be benchmarked against Nifty India Consumption TRI. The fund will be managed by Hitesh Das, Shreyash Devalkar, and Krishnaa Narayan.

BCCI) has released the full schedule for India's tour of England for 2025, which includes five test matches. Prior to this the England team will be visiting India to play five T20Is and three ODIs. India's tour to Englad is particularly crucial for India, as they seek their first series win in England since 2007 and aim to strengthen their position in the ICC World Test Championship 2025-27 cycle. India last toured England in 2021 for a series of four Tests under the captaincy of Virat Kohli, leading 2-1 before the final match was rescheduled to July 2022 due to the COVID-19 pandemic. In that decisive Test at Edgbaston, led by Jasprit Bumrah, India lost by seven wickets, resulting in a 2-2 draw and missing the chance to secure a series win in England.