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Kochi: K G Abraham, MD of Kuwait-based NBTC Group, whose workers died in the fire accident in one of its accommodations in the Gulf nation, on Saturday said the incident was unfortunate, and the company will take care of the victims' families. Addressing the media here after three days of the tragic fire that killed 49 people, Abraham became emotional and said «we are so sorry». «We are so sorry. We are so sorry. I was crying in my house. I know most of them. There were people working with us for more than 27 years. What happened was really unfortunate,» he said.

A Montreal restaurant owner who has given out hundreds of free meals as part of a “pay it forward program” says his initiative has been halted because of the so-called language police.

Water restrictions in Calgary are set to remain in place for up to five more weeks, as crews working to repair the water feeder main discovered more locations than need to be repaired.

The Telegram-based crypto game sensation, Hamster Kombat, has announced that its player base has exceeded 150 million users, surpassing the population of Russia.

In a post on Instagram, the actor shared the release date of the film, which will come out in five languages — Telugu, Hindi, Tamil, Kannada and Malayalam. «Maammmaaaaa! Date block kar!!! Ustaad #DoubleIsmart Shankar #DoubleiSmartonAug15,» the actor wrote alongside a poster of the film.

While life insurance policies offer financial protection and investment opportunities, one of the critical aspects is the lock-in period. It has significant implications for liquidity, reversal of tax benefits, and the overall utility of the policy.

Instant financial gains in life give you an opportunity to either use them to reduce your financial burden or make the most of them by investing the gains aptly. Gratuity is one such monetary benefit given by an employer to an employee. It is a lump sum amount given at the time of retirement, resignation, or upon an employee’s death or disability.

India Meteorological Department on Saturday forecast thunderstorms accompanied by lightning in parts of Andhra Pradesh for five days from June 15 to 19. Thunderstorms are predicted across parts of North Coastal Andhra Pradesh (NCAP), Yanam, South Coastal Andhra Pradesh (SCAP) and Rayalaseema. Heavy rain has been forecast for parts of NCAP and Yanam on Saturday. Gusty winds up to a speed of 40 km per hour (kmph) are expected to blow in these places over the next five days.

Matija Sarkic, the Montenegro goalkeeper who played for English second-tier club Millwall, has died. He was 26. Millwall announced the death of Sarkic on Saturday. No further details were disclosed. Sarkic's most recent match for Montenegro was on June 5, a 2-0 loss at Belgium. It was his ninth international appearance, according to the Montenegro soccer federation.

«The rates of interest on various Small Savings Schemes for the first quarter of FY 2024-25 starting from 1't April, 2024 and ending on 30th June, 2024 shall remain unchanged from those notified for the fourth quarter (1st January, 2024 to 31st March, 2024) of FY 2023-24,» stated an office memorandum issued by the Ministry of Finance on March 8, 2024.” Also read: Top post office schemes: These 9 small savings schemes offer above 7% interest rate

faking work. As per a report of Bloomberg, Wells Fargo & Co recently terminated more than a dozen employees in its wealth and investment management division. These terminations occurred last month after it was discovered that the employees had faked their work activities using keyboard simulation, according to the report in Bloomberg.

ICC T20 World Cup, USA batter and skipper Aaron Jones expressed that the team is looking forward to competing against more top Test cricket nations. The USA qualified for the Super Eights stage of the tournament after their match against Ireland was washed out due to rain and both teams shared a point each. With two wins, a loss, and a no result, the US secured five points in total and ended in second place. Their result also meant that Pakistan, another team in contention for the Super Eights, was knocked out of the competition.

Boeing Co. whistleblower reports in the first five months of this year compared to all of 2023, according to data the agency shared with Bloomberg News. From Jan. 5 through May, 126 tips were reported to the regulator, compared to 11 in all of 2023, the FAA said in a statement Friday.

ISS after many delays as the spacecraft experienced challenges including four helium leaks and five malfunctions of its 28 maneuvering thrusters."The extra time allows the team to finalize departure planning and operations while the spacecraft remains cleared for crew emergency return scenarios within the flight rules," NASA and Boeing said in a statement.As per NASA, the return to Earth is expected to last about six hours and target a location in the desert of Utah, New Mexico or other backup locations, depending on local weather conditions.The agency said, “They are targeting a departure no earlier than June 22, leaving open an opportunity for further extensions of time at the ISS. Starliner, while designed for future six-month missions, can stay docked to the ISS for a maximum of 45 days during its current mission."Moreover, on June 18, NASA and Boeing will discuss Starliner’s mission and departure from the ISS as part of the agency’s Boeing Crew Flight Test in a pre-departure media teleconference.The 59-year-old Indian-American astronaut Williams who safely docked the Boeing's Starliner also danced a little as she arrived at the space station on June 7.

logistics costs for Adani Cements, chief financial officer Vinod Bahety told analysts in a call. Adani Cements transports less than 2% of its cargo through the sea route, and access to five bulk cement terminals at Kolkata, Gopalpur, Karaikal, Kochi and Colombo through Penna Cement is expected to boost this to 10% by 2027-28 (April-March), he said. «A key highlight of this transaction is that it gives me complete strength for the servicing of peninsular India. A lot of companies have cement, but this company has been much more visionary in terms of sea logistics infrastructure,» Bahety said. For the cargo that is transported through the sea route, it can help bring down costs by as much as ₹300-400 per tonne, while on an overall basis, it will bring in savings of ₹50-70/tonne.

John R Tyson who is the Chief Financial Officer of Tyson Foods has been arrested by the police in Arkansas for dangerous and intoxicated driving on Thursday. This is the second time he has been arrested for allegedly committing the same crime. He has been suspended by his company after being arrested by the law enforcement agencies. The food processing company is known for its good quality processed food and is an American multi-national corporation with its headquarters in Springdale in the state of Arkansas.

The independent ESG advisory house has today (14 June) launched its «Fund Sustainability Due Diligence Report» in an effort to assist asset managers with the upcoming SDR transition.  As part of the due diligence process, MainStreet completes fund manager interviews, a deep analysis of portfolio holdings and all fund documentation to derive an ESG rating between one and five.  According to MainStreet, funds with a four or above rating are eligible to receive a formal letter of certification, outlining that the fund has met the SDR standards set out by the FCA.  Charles Stanley's Pa...

In its annual results for the year ended 30 April 2024 published today (14 June), BGUK said that, due to three years of underperformance, its board decided to commit to a tender offer. Baillie Gifford UK Growth NAV slumps 12% as discount widens This would happen if, in the five years to 30 April 2029, BGUK's net asset value per share total return does not equal or exceed the FTSE All-Share index, to which it is benchmarked against. In that case, shareholders would be allowed to exit the fund in full at close to NAV per share. The trust noted, however, this would only happen if shar...

Father's Day 2024: The day to honour the person who has always stood like a pillar to support us and the whole family throughout his life is here. Our fathers, grandfathers, and all those who have been father figures for us deserve massive applause for sacrificing their comfort and happiness for their children and families. While celebration of fatherhood is not limited to a single day, Father's Day 2024 serves as an opportunity for people to express their love for their parents. Here are five financial gifts people can give to their fathers.

Rajnath Singh arrived in Visakhapatnam on Friday to review the preparedness of the Indian Navy's Eastern Fleet. He received Guard of Honour at INS Dega in Visakhapatnam. The Defence Minister shared the information about his arrival through on social media platform X, «Leaving New Delhi for Visakhapatnam. Shall visit the Eastern Naval Command and review the defence preparedness. Looking forward to it.»

equation between the Opposition INDIA bloc, which won nearly 230 seats, and the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), which won over 290 seats, in the Lok Sabha Elections 2024.ALSO READ: Union Budget 2024 likely to be tabled in Parliament by third week of JulyUnlike the 2019 and 2014 Lok Sabha elections, this time, the ruling BJP failed to cross the majority mark (272 seats) in the 543-member Lok Sabha. Meanwhile, the Congress and its allies emerged stronger in comparison to the last two national elections.This makes it interesting to watch the upcoming Parliament session, where the Opposition is likely to raise a host of issues, while it won't be that easy for the Modi 3.0 government to pass laws.