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Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million dollars. Prior to the 2022–2023 season, the club had reached an agreement with WhaleFin covering a period of five years. WhaleFin was going to be one of the primary sponsors of the club, and it was going to be installed. However, Atletico Madrid asserts that WhaleFin violated the terms of the contract by failing to make the payments that were agreed upon when the deal was signed. As a consequence of this, the club is requesting a compensation amount of twenty million euros, which is twenty-two million dollars.

Prashant Biyani, V-P, Institutional Equity Research,Elara Securities, says “I would not say one should be aggressively buying it. But yes, we do not expect any further fall from here because especially on the larger ones, the impact could be limited to the extent of maybe 15% on EBITDA and PAT over the next 12 to 18 months. But due to other events like sugarcane SAP being due for revision, some amount of sentiment being negative around ethanol, I would not suggest buying sugar companies as of now.” Sugar companies cannot use sugarcane juice or syrup for ethanol with immediate effect which means mills will have to resort to B-heavy or C-heavy molasses or ethanol production. What about the contracts already signed for supply using sugar juice? The contracts which have been signed will now be lapsed with immediate effect for juice-based ethanol with the caveat that whatever is the existing stock like, lying with the sugar companies that might be taken up by the OMCs.

under strain. Wind-turbine supply chains have struggled as manufacturers rushed out bigger and more powerful models. Last month Siemens Energy was rescued by a loan guarantee from the German government.

RBI) Monetary Policy Committee (MPC) projects CPI inflation at 5.4 percent in 2023-24 (FY24), unchanged from earlier. For Q3FY24 (September-December), the projection has been slightly lowered to 5.4 percent from 5.6 percent. The forecast for Q4FY24 (January - March) remains unchanged at 5.2 percent.

Amnish Aggarwal, Head-Research, Prabhudas Lilladher, says “there are some sectors or stocks that represent the multi-year trends; one clearly is capital goods which benefits from the recent state elections results as the uncertainty with regards to the next Lok Sabha elections has got reduced. So the capital goods companies, whether they are on the engineering side, railway side, defence should continue to do well. We like Siemens Hindustan, Aeronautics, and Carborundum looks good. The entire capital goods is one pack which looks very interesting to us. ” What is your view on HUL and the rest of the FMCG players like ITC? Do you think in terms of the sector churn that we are seeing, the FMCG companies will not be in those top three, top four bets that investors would be looking at actively? We have been having an underperformer in our model portfolio.

chief minister of Mizoram today, December 8, Friday. Officials said that several other party leaders will also take oath as ministers on the same day. Governor Hari Babu Kambhampati will administer the oath of office and secrecy to Lalduhoma and other ministers at the Raj Bhavan complex if the weather is clear in Aizawl.

proposed options for the phase-out of unabated coal, and an orderly and just transition away from fossil fuels. This might emerge as a contentious point for India, where "coal is and would remain an important part of India's energy mix". Coal and other fossil fuels are responsible for the emission of greenhouse gases, that, in turn, impact global climate and temperature.

Duchess of Sussex. In a statement after the sentencing hearing Commander James Harman, who heads the Metropolitan Police's Anti-Corruption and Abuse Command, said "the racist and discriminatory content of these messages is absolutely appalling". "Given the defendants once served as police officers, we recognise that this case may further damage confidence in policing," Harman said, as quoted by Reuters.

Private equity firms TPG, Matrix Partners, and Peak XV Partners are anticipated to divest up to an 8.81% stake in the non-banking finance company Five Star Business Finance through a block deal on Friday. The deal is likely to raise up to ₹1,876 crore as per a term sheet issued by banker ICICI Securities. The three funds collectively have proposed to sell 17.1 million shares, equivalent to 5.87% of the equity, with an option to increase the share sale to 25.7 million shares, constituting 8.81% of the total equity, according to the term sheet. The floor price for the deal has been set at ₹730 per share, representing a 3.51% discount to Thursday's closing price of ₹756.55 per share on the NSE.

Premier League (WPL) auction for the 2024 season is set to take place on December 9 in Mumbai. A total of 165 players will be up for grabs during the auction, as the tournament gears up for its second edition.

Global Capability Centres (GCCs) in the country has led to a 40-50% increase in the number of global and senior level roles based out of India in the last five years, numbers sourced by ET show. On an overall basis, an estimated 300,000-400,000 jobs are likely to be created in the GCC sector in the next 2-3 years, according to Deloitte estimates. In the fourth and concluding part of the Global to Local series, ET looks at the maturity and cultural shift of the talent ecosystem of GCCs and how it is driving the shift towards more global roles within Indian GCC leadership.

One of the largest labor organizations in the United States wants the federal government to wrest workplace safety oversight from South Carolina regulators

debate in Tuscaloosa, Alabama, intensified the question of who can best challenge Donald Trump for the Republican nomination in 2024. Nikki Haley, endorsed by a major conservative activist network, faced criticism from opponents like Florida Gov. Ron DeSantis and entrepreneur Vivek Ramaswamy. DeSantis, previously seen as a strong challenger, defended his position, emphasizing voters' decisions over polls. The debate, marked by bitter squabbling, delved into Trump's fitness for office, the economy, and the U.S. role in global conflicts, providing candidates a platform before the Iowa caucuses.

Good morning,

Twenty months after the Bank of Canada launched one of the most intense interest-rate hiking cycles on record, the bond market is indicating that cuts are on the way.

DFW housing and macro econ analyst Amy Nixon discusses the future of the housing market on Making Money.

₹5 crore or more. Stock markets have seen a remarkable rally this week with investors gaining over ₹11 trillion in just four trading sessions in December. Over 37% of the MLAs elected in the just-concluded assembly elections in five states declared at least one criminal case against them, an analysis of data compiled by the Association for Democratic Reforms (ADR) showed.

Congress government has taken oath in Telangana, the immediate focus will be on the allocation of portfolios to ministers and announcement on the launch of «Congress guarantees» about social welfare schemes. But equally important will be the behind-the-scenes moves to shore up numbers in the assembly and thus reinforce political stability of the new Revanth Reddy government that now enjoys a majority of just five in the 119-member state assembly. There are indications that some MLAs of the defeated BRS are now feeling edgy and they are reportedly open to doing business with Congress, people familiar with the moves said.

North Koreans have 'vanished' after China repatriated them to North Korea. Seoul-based rights group Transitional Justice Working Group (TJWG) has expressed apprehension that these people are likely to face imprisonment and abuse at the hands of authorities. No communication has been established with the North Koreans since they were forcefully returned by China in October last year. Their identities are also unknown, though about 70% of them are women.

NSA Ajit Doval participated in the 6th NSA-level Meeting of the Colombo Security Conclave on Thursday in Port Louis, Mauritius to give push to steps to stabilise Indian Ocean Region. The Colombo Security Conclave was established in 2020 when India, Sri Lanka and Maldives agreed to expand the scope and membership of their Trilateral Meeting on Maritime Cooperation. Mauritius joined the conclave at the 5th NSA-level meeting of the Conclave on 09-10 March 2022 held in Male, Maldives. Cooperation under the CSC focuses on five pillars of cooperation including maritime safety and security, countering terrorism and radicalization, combating trafficking and transnational organized crime, cyber security and protection of critical infrastructure and humanitarian assistance and disaster relief.

₹40 crore being pulled out of the PMS every day. Yet, on the fifth anniversary of his PMS, Mukherjea should be a worried man. But, is he? Through his engaging communication style and books like Coffee Can Investing, Mukherjea had already made a big name for himself in India’s stock market by the time he launched Marcellus in 2018.