FIVE Financial News

Vinesh Phogat will have to shake off a tumultuous build-up to the Paris Games when she takes mat, aiming for an elusive Olympic medal, while five of her colleagues will also strive to write their own success stories at the biggest stage when the wrestling event begins here Monday. Vinesh is easily India's most accomplished woman wrestler, with two World Championships, three CWG and eight Asian Championships medals adorning her cabinet, but her previous two Olympic campaigns have ended in heartbreaks. She had returned from Rio (2016) with just a broken leg, but from Tokyo (2021), she came back with her soul scarred after a crushing defeat 'by fall' in the quarterfinals. She was accused of misconduct and suspended by the WFI for several alleged transgressions. She claimed to have endured bouts of depression, and she was not sure of returning to the mat but she did. Not only she returned but also waged a battle outside the mat when she accused the WFI chief of sexual misconduct.

Indian Army continues its efforts in rescue and restoration in the areas affected by the cloudburst that occurred on Thursday in Rampur's Samej. The Army has established temporary bridges to establish connectivity between areas cut off to facilitate rescue operations. Teams of NDRF, SDRF, Home Guard, and CISF have been coordinating to carry out the rescue and search operation.

West Bank killed nine Palestinian militants on Saturday, Israel's army said, as violence flared again in the Israeli-occupied territory with tensions high over the war in Gaza and a potential regional escalation. Cease-fire discussions on Gaza continued, with an Israel delegation led by the Mossad chief briefly visiting Cairo, an Egyptian official said. The U.S. has urged Israel to seize the chance for a cease-fire after the shock killing of Hamas' political leader in Iran, which Tehran blames on Israel. That killing and Israel's assassination of a Hezbollah commander in Lebanon have the region holding its breath for retaliation against Israel on either front, or both, after Iran and its proxies vowed to act. Hamas said its command had begun discussions on choosing a new leader.

AAP MLA Kuldeep Kumar alleged negligence in 'Asha Kiran,' a Delhi government-run shelter home for the 'intellectually retarded' and demanded action by Lieutenant General VK Saxena against the accused officials. After visiting the shelter home, AAP MLA Kuldeep Kumar said, «We saw a lot of negligence inside. We interacted with the children. We demand that Delhi LG should take action against the officers involved in the matter.» The AAP MLA questioned why the shelter home was under an administrator who was arrested by the CBI in 2016 for taking a «bribe» and remained suspended for five years.

sports division and its employees will be absorbed into the India Premier League (IPL) franchise Chennai Super Kings Cricket Ltd (CSKCL), said people close to the development. UltraTech Cement is acquiring promoter N Srinivasan's stake in India Cements. The IPL team isn’t part of the acquisition. Srinivasan's daughter Rupa Gurunath, whole-time director of India Cements, will likely join the board of the IPL franchise. She has been directly involved in its management and will now spearhead expansion plans. India Cements has a strong sports tradition with cricket teams playing in the first division of the Tamil Nadu Cricket Association (TNCA) league, along with support staff. The chairman of CSKCL is R Srinivasan, the promoter’s cousin.

Amid escalating Middle Eastern tensions and recession fears, Bitcoin’s price prediction remains uncertain as BTC falls sharply.

drone attack overnight damaged critical infrastructure in the central Ukrainian region of Vinnytsia, a local official said on Saturday. The Ukrainian air force said it shot down 24 out of 29 Shahed-type drones launched by Russia in the overnight attack over nine regions. Russian forces also launched two S-300 anti-aircraft guided missiles and two Kh-31 missiles, the air force said. Kherson regional governor Oleksander Prokudin said air defence shot down five drones over his region on Saturday. Russian attacks on the region in the past day struck critical infrastructure, an administrative building and nine residential homes, he said.

terminated the services of six government employees, including five policemen and a teacher for their alleged involvement in «anti-national» activities. The terminated employees were identified as Saif-ud-din from Doda, selection grade constable; Farooq Ahmad Sheikh, head constable from Kupwara; Khalid Hussian Shah, selection grade constable from Kupwara; Rahmat Shah, constable of Kupwara; Irshad Ahmad Chalkoo, selection grade constable of Baramulla and Nazam Din, a teacher in the education department from Poonch. The order stated that J&K LG Manoj Sinha was satisfied that after considering the facts and circumstances of the case and on the basis of the information available that their activities are such as to warrant their dismissal from service under Article 311 (2) ©, without any enquiry.

West Bank Saturday killed nine Palestinian militants, according to Israel's army, as violence flares in the Israeli-occupied territory. The Israeli army said its forces first struck a vehicle in a rural area northwest of the city of Tulkarem in the northern West Bank early Saturday morning, killing the five occupants. The army said they were on their way to carry out an attack. The Palestinian health ministry said the dead men's corpses were taken to a nearby hospital in Tulkarem. All five men were later identified by Hamas as militants belonging to the group, including one who was a local commander.

Kejriwal's close aide Bibhav Kumar in a case concerning alleged assault on AAP MP Swati Maliwal was «necessary» and police strictly followed the law while doing so, the Delhi High Court has said. The court, which on Friday dismissed Kumar's petition that claimed his arrest was illegal, said in its written judgment that there was no merit in his plea. Kumar, currently in judicial custody, allegedly assaulted Maliwal at Kejriwal's official residence on May 13. He was arrested by the Delhi Police on May 18. In his plea, Kumar had sought a direction to declare his arrest as illegal and in gross violation of the provisions of section 41A (notice of appearance before police officer) of the Code of Criminal Procedure (CrPC) and against the mandate of the law.

irrigation projects started between 1983 and 2018 in Telangana has doubled from over Rs 1 lakh crore to Rs 2 lakh crore as of March 2023, primarily due to their non-completion, the recent CAG report has revealed. According to the 2022-23 report by the Comptroller and Auditor General (CAG), which was presented in the state legislature on Friday, the state has been deprived of economic growth benefits, and there is no assured return on investments in irrigation and flood control due to incomplete projects. «There were 20 incomplete irrigation projects (commenced between 1983 and 2018) to be completed by the year 2023. The original cost of these projects has increased from Rs 1,02,388 crore to Rs 2,06,977 crore i.e., an escalation by Rs 1,04,589 crore (102 per cent),» reported PTI quoting the auditing watchdog.

Netflix, Apple TV+, and others. Netflix’s «The Umbrella Academy» premieres its final season on Thursday, August 8. The show follows a family of adopted superheroes — who were stripped of their powers in season three — who must work together to stop the apocalypse. Megan Mullally, Nick Offerman and David Cross are new faces in season four alongside regulars that include David Castañeda, Tom Hopper and Elliot Page. The musical cartoon for preschoolers called «Yo Gabba Gabba!» is also getting a reboot called «Yo Gabba GabbaLand!» on Apple TV+. The 10-episode series premieres Friday, August 9. It’s hosted by Kamryn Smith as Kammy Kam and brings back other characters from the original.

₹32,403.46 crore in integrated GST (IGST) over five years between July 2017 and March 2022 for “supply of services" by its foreign branches. On Thursday, Infosys informed stock exchanges that the Karnataka State GST authorities, a reference to the zonal office of DGGI, had withdrawn the pre-show cause notice and directed it to respond to DGGI's central authority on the matter. The company had received pre-show cause notice on the same matter from both the central and state offices of DGGI.

Adani Power has offered the highest bid of ₹27,000 crore for KSK Mahanadi Power's 1,800-megawatt plant that's undergoing insolvency proceedings, people with knowledge of the matter told ET. The Adani offer already ensures a 92% recovery for the lenders. Banks had received a total of 10 financial bids for the thermal power company by Thursday evening. Other bidders include Capri Global Holdings, Coal India, NTPC, Vedanta, JSW Energy, Naveen Jindal-owned Jindal Steel & Power, iLab India Special Fund, Rashmi Metaliks and Sherisha Technologies, said the people cited above. Adani Power's offer is a combination of ₹12,500 crore in upfront cash, ₹9,000 crore of accumulated cash in the company since three of its units are operational, and an estimated receivables of ₹5,500 crore, one of the persons cited above said.

Real Madrid and Barcelona — will be playing El Clásico on the US soil on Saturday. While Barcelona won the previous match against Manchester City, Real Madrid defeated AC Milan. Real Madrid versus Barcelona is scheduled to be kicked off at 7 pm (ET) on August 3. Real Madrid versus Barcelona soccer match will be shown on ESPN App and ESPN+. Real Madrid is likely to win against Barcelona in the El Clasico.

Ben Affleck recently made headlines. News of his purported split from Jennifer Lopez has prompted this action. As co-parents of five children in a blended family, Affleck and Lopez remain dedicated to their children's welfare despite their personal turmoil. According to insiders who spoke with Life and Style Magazine, Affleck has made his new house a welcoming «policy» for Max and Emme, Lopez's kids. Regardless of the adults' relationship situation, the goal of this technique is to make sure the kids feel content and accepted. According to the insider, Lopez is anticipated to create a similar atmosphere in her future household, as Affleck's house welcomes Emme and Max with open arms, as per the reports of Yahoo entertainment.

Star Wars: Skeleton Crew" will premiere on December 3, 2024, on Disney+. This series, first teased in early 2022, follows a group of children lost in the galaxy, navigating their way home.

New Jersey officials are defending proposed building rules designed to limit damage from future storms and steadily rising seas in coastal areas

Charitable investors who incorporate donor-advised funds into their giving strategy are likely to open their hearts and wallets wider to their favored causes.

The heavy rain caused major flooding. Tilak Bridge and Vikas Marg, which leads to Laxmi Nagar, were both underwater. The police had to close Deen Dayal Upadhyay Marg to keep vehicles away from the flooded Minto Bridge. Trying to drive along Ring Road from Delhi Gate past Raj Ghat resulted in huge traffic jams. The situation was made worse by several vehicles breaking down. Two buses stalled after turning left from ITO onto Vikas Marg. Another bus was left abandoned near Delhi Gate, and two more buses broke down almost at the same time near Indira Gandhi Indoor Stadium. One of these buses blocked the left lane, while the other stopped in the main lane, leaving just one lane open for other cars. Waterlogging on the right side of the road also slowed traffic. Rukmani Gupta, who works in ITO, said, «As if this wasn't enough, waterlogging on the right side forced traffic to move extra slowly.»

Rau's IAS Study Circle has offered compensation of Rs 50 lakh each to the families of three UPSC aspirants who died after rainwater gushed inside the institute's basement in Old Rajinder Nagar last week. The institute announced the compensation on Thursday, five days after the incident occurred. «We are offering Rs 50 lakh compensation to the family of each student who has lost their lives. Half the money will be given now. While the remaining portion will be given once Abhishek Gupta, CEO of the organisation, comes out or within six months, whichever is earlier», Rau's IAS advocate Mohit Saraf told PTI videos. On July 27, three UPSC aspirants drowned in the basement library of Rau's coaching centre. The Delhi Police has arrested seven people in connection with the case, including Rau's CEO Abhishek Gupta and coordinator Deshpal Singh.