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red fire ants, one of the most invasive species on the earth and the fifth most expensive to combat, have reached Europe. With the scientific name of Solenopsis invicta, the red ants have their origin in South America. Their sting is ‘painful and irritating' and can cause pustules and allergic reactions. The stings can trigger potentially deadly anaphylactic shock.

On New Year’s Day in 2024, there will be a new CEO at Homrich Berg.

Jamie Hopkins, managing partner of wealth solutions at Carson Group, is stepping down for family reasons at the end of September.

artificial intelligence) may be the buzzword in marketing right now, but CXOs seem more concerned with rethinking their marketing strategy to be able to measure the direct impact of ad spends and finding the right talent, Stephan Zimmermann, senior partner at McKinsey & Company, said. Based in San Francisco, Zimmermann heads the consulting major's digital marketing and data analytics team of 1,400, half of whom are stationed in India. During his recent visit to India, Zimmermann had some 15-odd client meetings, but «nobody mentioned or discussed an AI tool saying they strongly believed in it or asked what I thought of it», he told ET in an exclusive chat. People are readily using generative AI to optimise marketing, automate repetitive tasks, and accelerate A/B testing. However, «none of the tools have yet transformed company performance», he said.

ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity following the collapse of the infrastructure financier in September 2018. Unlike last time, however, bidders can either bid for the custody business or the depository (brokerage) business separately or both together, a document seeking expressions of interest (EOI) showed. ISSL is a rare non-bank custodian that holds financial securities like stocks, bonds or gold for safekeeping. It also has a separate depository licence that allows it to offer brokerage services. «ISSL is neither a big depository nor a custodian; so there is not much business to be gained.

Actis is looking to monetise a portfolio of operating road assets that it owns in India through an infrastructure investment trust (InvIT), potentially raising as much as ₹1,500-₹2,000 crore, said two sources aware of the development. Last year, Actis acquired a portfolio of six roads — five hybrid annuity model (HAM) properties and one build operate and transfer (BOT) road — from Welspun Enterprises for an enterprise value of ₹6,000 crore ($775 million). This was the first set of roads that Actis bought in India after expanding into the roads sector, following its success in the renewable industry where it has sold two large platforms — Sprng Energy and Ostro Energy. The six roads were acquired by Actis' Long Life Infrastructure Fund, which seeks to invest in stabilised operating assets within multiple infrastructure sectors and deliver a strong cash yield for investors.

NEW DELHI : The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development. The government will provide incentives for gasification under three components—those that are led by public sector units, those sponsored by private sector companies and pilot projects.

Nyoma Airfield in Eastern Ladakh virtually, Defence Minister Rajnath Singh on Tuesday said that one of the world's highest airfields will boost the air infrastructure and would prove to be a game-changer for the Armed Forces. The Nyoma Airfield will be built at a cost of around Rs 200 crore and is located just 35 km from the Line of Actual Control (LAC) in the Eastern Ladakh sector. The Defence Minister was dedicating to the nation, the 90 infrastructure projects of the Border Roads Organisation (BRO), at an event here in Jammu. The projects are worth over Rs 2,900 crore and spread across 11 states/Union Territories. These include the Nechiphu Tunnel in Arunachal Pradesh; two airfields in West Bengal; two helipads; 22 roads and 63 bridges.

By Diane Bartz

By Prerana Bhat

Shareholders of Godfrey Phillips India have rejected the company's proposal for a related party transaction to annually export unmanufactured tobacco worth up to Rs 1,000 crore to Philip Morris Products SA. Philip Morris Products SA is a member entity of the group to which Philip Morris Global Brands Inc, USA — a promoter shareholder of the company. As many as 57.94 per cent of the shareholders present at Godfrey Phillips India's annual general meeting on September 1 voted against the «material related party transaction between the company and Philip Morris Products SA». The proposal was to continue supplying unmanufactured tobacco to Philip Morris Products SA on an arm's length pricing and non-exclusive basis, subject to the condition that the aggregate value of the sale/export of the unmanufactured tobacco is up to Rs 1,000 crore in a financial year. The resolution was supported by only 42.06 per cent of the total votes polled in the AGM.

NAPLES, Fla.—Judy Schroeder was living a stable retirement in this affluent Florida enclave. Then her apartment building was sold to a new owner during the pandemic and she lost her part-time job working at a family-owned liquor store. What followed was a swift descent into homelessness.

Simply put: Elon Musk can be a real jerk. And that has probably helped and hurt him in business, according to a new biography by Walter Isaacson. In “Elon Musk," out Tuesday, Isaacson puts forth the idea of “demon mode" to explain the temperamental impulses behind some of the tycoon’s successes—and setbacks.

Chhattisgarh eyeing a comeback in the upcoming assembly polls, due later this year. The Yatra was scheduled to be launched by Union Home Minister Amit Shah but his visit was cancelled at the last moment due to some urgent reason, a party leader said. In the absence of Shah, BJP's Chhattisgarh incharge Om Mathur flagged off the yatra after performing rituals at the famous Maa Danteshwari temple in Dantewada town. The Bharatiya Janata Party has planned two Parivartan yatras in poll-bound Chhattisgarh.

Rajasthan recording the highest inflation rate at 8.6%, easing from 9.7% in the previous month, whereas Delhi had the lowest rate at 3.1%. However, Rajasthan was not the only state to record high inflation, as three others, Haryana, Telangana and Odisha, also noted 8%+ numbers. Rajasthan and Telangana are among the five states headed for election later this year. An ET analysis shows that 13 of 22 states for which data was available recorded a higher number than the national average of 6.8%--a worse situation than last month when 12 states had recorded higher than national average inflation. Economists indicate that states taking measures to supply subsidized tomatoes had something to do with inflation variances across states. “Delhi has lowest at 3% with the state taking measures of supplying tomatoes at subsidized prices to the people contributing to this low number,” said Madan Sabnavis, chief economist, Bank of Baroda. Further analysis indicates that two of the 22 states recorded an increase in retail prices as inflation declined across the country.

All India United Democratic Front President Badruddin Ajmal said that his party supports the INDIA alliance and is part of INDIA.Congress in Assam has rejected an electoral agreement with AIUDF after the poll debacle of the 2021 assembly polls. Ajmal who met chief minister Himanta Biswa Sarma on Tuesday told media persons after the meeting, “I have nothing to do with Assam Congress. I have a good relationship with Congress in New Delhi.

cryptocurrency market witnessed nearly $70 billion worth of illicit transactions in the last five years, a new report said on Tuesday. According to data presented by AltIndex.com, an investment analysis company, illicit crypto transactions increased by 308% since 2017.

macroeconomic uncertainties and greater deal scrutiny by clients. A recent ICICI Securities report pointed out that revenues of most SaaS companies topped guidance in the June quarter. Combined revenues of the top five global SaaS companies by revenues—Salesforce, Intuit, ServiceNow, Workday and Atlassian—grew 14% on a year-on-year basis.

India vs Sri Lanka, Asia Cup 2023: India is not in a very great position against defending Asia Cup champions Sri Lanka on Tuesday at R. Premadasa Stadium in Colombo. Sri Lankan spinner Dunith Wellalage has been on fire as he dismissed India's top five batsman- Rohit Sharma (53), Shubman Gill (19), Virat Kohli (3), KL Rahul (39), Hardik Pandya (5).

Some food-based commodities that may not have granted their investors a fair handshake before seem to be giving them a lot more now.

Supreme Court on Tuesday extended till September 25 the interim bail of former Delhi minister Satyendar Jain in a money laundering case. A bench of Justices AS Bopanna and Bela M Trivedi granted the relief to Jain after Additional Solicitor General SV Raju made a request for adjournment. Senior advocate Abhishek Singhvi, appearing for Jain, also agreed to defer the matter. The top court then postponed the matter to September 25 after extending the interim bail of the senior Aam Aadmi Party (AAP) leader. It also directed another accused Ankush Jain to be released on interim bail for four weeks on medical grounds noting that his child has to undergo surgery. The top court had on May 26 granted interim bail to Jain for six weeks for spinal surgery, saying a citizen has a right to receive treatment of his choice in a private hospital at his own expense.