ICE Financial News

Around 36,000 schools in the U.S. are in need of updated heating and cooling systems, according to the Government Accountability Office

Afraid, the new Sony Pictures film, produced in collaboration with Blumhouse, will be available on Netflix in the United States and other regions in the coming months and years. The Chris Weitz horror film was released in theaters around the end of August 2024. The film's production company, Blumhouse, has garnered reputation as a horror connoisseur in recent years. Worst Roommate Ever and Worst Ex Ever are just two of the recent projects on which it collaborated with Netflix. The Purge, Get Out, Insidious, and Paranormal Activity are some of the other well-known films that the studio has produced. All of these films have received positive reviews from critics and a devoted fan base.

John Leguizamo, known for his dynamic voice acting and comedic talent, has revealed that the beloved animated franchise Ice Age is set to continue with a sixth installment. The announcement, made during a recent appearance on NPR’s quiz show Wait, Wait...Don’t Tell Me, has excited fans of the long-running series.

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Rakesh Sharma, ED, Bajaj Auto, says there is no silver bullet that will solve all problems, on the government, society, and consumer fronts. To address these use cases, we will have the coexistence of ICE or let us say gasoline, CNG, and EV. Ethanol is also on the horizon. If there is a significant push from the government, that envelopes all the sugar factories, etc, and ropes them into this, then ethanol, which is a very big play in for example, a country like Brazil. We see all this combining to solve the issues with the society, the government and the customer are facing. We want to maintain our agility to toggle between these fuel systems. Bajaj Auto stock is at an all-time high. Three-digit has become four-digit and now five-digit. Rakesh Sharma: Well, that is your perspective. I have got a whole lot of things to attend to. So, this is, not the first thing on my mind when I roll into office.

Hindustan Unilever (HUL) which comes with a large market share as it assesses the prospects of its ice-cream business. HUL sells ice-cream brands such as Kwality Wall's, Cornetto and Magnum. The companies eyeing HUL's business expect the consumer goods market leader would not just spin off the business but also eventually sell it, ET has reported. RJ Corp that operates quick-service chains KFC and Pizza Hut, handles bottling for PepsiCo and sells the Cream Bell ice-cream, the MMG Group which runs McDonald's in North and East India and is also a franchise bottler for Coca-Cola, as well as the local unit of Nestle SA are among the companies open to evaluating HUL's ice-cream business, depending on the independent committee's decision, as per an ET report based on information from people familiar with the matter. On Friday, the company said it was setting up an independent committee to evaluate «the way forward» for the ice-cream business.

«The second one is as far as the ice cream business is concerned, the business is not very large as far as HUL is concerned. It contributes just maybe 2.5-3% to total sales and it is under-indexed in terms of margins,» says Amnish Aggarwal, Prabhudas Lilladher. What is your take? Is this reaction on HUL stock on account of that expected rejig in the ice cream business warranted? Amnish Aggarwal: There are two factors to it. If you look at broadly why the sector is doing well and Lever is doing well from quite some time, this is due to expectations regarding uptake in demand due to normal monsoon this year. Given the fact that in the rural sector we have seen two wheelers in some of the other segments you can say growing in the past at least two to three quarters and in the last quarter rural was going ahead of urban in many of the segments, so that seems to be the one reason.

Mint shows that the depreciation rate—the rate at which a product loses value—of electric vehicles entering the used-car market is slowing down, with some models holding onto their value better than expected. The Tata Nexon EV, a popular choice among Indian consumers, has seen its depreciation rate drop significantly—from about 51% in 2020 to 26% in 2023, according to data sourced from auto intelligence firm JATO Dynamics. The Nexon EV is Tata's first electric car, and was launched only in 2020, which means the resale market for these vehicles, compared to the legacy internal combustion engine (ICE) vehicles, is relatively nascent.

Tata Motors is all set to introduce its latest model, the Curvv, in both electric and internal combustion engine (ICE) variants. The pricing for the ICE version will be disclosed on September 2, 2024.

September is a popular time for companies to go public. This month’s stock-market volatility is putting some plans on ice. Companies weighing whether to make their stock-market debuts face a critical decision in the coming weeks: pull the trigger soon so they can launch their deals before year-end or hold off until 2025.

Tata Motors is set to roll out the internal combustion engine (ICE) version of its Curvv coupe SUV on September 2, 2024. The Curvv, which was unveiled earlier this year in both electric and ICE versions, has already garnered attention with its futuristic design and advanced features.

previous week’s funding total of $238.1 million. This week, startups raised funding through 16 rounds compared to 26 rounds in the same period last year, when they raised a total of $47.7 million, according to data from Tracxn.

organ donation crisis persists as demand far exceeds supply. In India alone, over 300,000 patients are currently on the waiting list for donor organs, according to the Ministry of Health and Family Welfare. Successful organ donation hinges on multiple factors, including organ compatibility with the recipient’s body weight, height, size, and blood group. Even when a match is found, the viability of the organ, particularly the heart, can be compromised by the lack of oxygen and blood during the dying process, a TOI report stated. Revolutionary Procedure Expands Organ Availability A new technique, known as abdominal normothermic regional perfusion (A-NRP), could significantly improve organ availability. Developed by doctors in the US and Canada, this method involves connecting the deceased body to a portable heart and lung machine. This machine supplies blood to vital organs like the liver, pancreas, small intestine, and kidneys after circulatory death. By maintaining a steady flow of oxygen and nutrients, A-NRP enhances the condition of the organs, making them suitable for transplantation.

Arranged Marriage, he said in an interview that he had always thought that Punjabi was India’s first language, until he landed in India and found out otherwise. Now, something opposite happened to me when I landed at the Heathrow Airport in London in July, knowing fully well that English was the first language of the people living in the United Kingdom. But the only language I could hear around me at Heathrow was Hindustani—the lingua franca of the people of North India and Pakistan.

Hero MotoCorp is gearing up to expand its scooter range and consolidate its position in the 125 cc bike segment as it looks to grow faster than the competition, according to CEO Niranjan Gupta. The company plans to roll out both petrol and electric scooter trims and also bolster the production capacity of 125 cc bike Xtreme 125R to cater to enhanced demand. «There will be action on the scooters front and action will be big on both ICE and EV side. The Destini full-body change will be unveiled very soon and then it will be followed by Xoom models — 125cc and 160cc — within this fiscal,» Gupta said in an analyst call. Coming to the EV segment, where the company will undertake portfolio expansion into mid- and affordable segments within this financial year, he added.

firefighters tackled a large blaze at London's historic Somerset House cultural centre on Saturday, with flames leaping out from underneath its roof. «Fifteen fire engines and around 100 firefighters have now been sent in response to the fire at Somerset House. Crews are tackling a fire located in part of the building's roof,» the London Fire Brigade posted on X, formerly Twitter. The official X account of the Renaissance building, which opened in 1796, said that «owing to a fire in one small part of Somerset House, the site is currently closed.»

More than 40 families of victims of an airliner crash in Brazil have gathered at a morgue and hotels in Sao Paulo as three French government investigators arrived in the country

Mary Schiavo carefully describes what she saw happen when Voepass Linhas Aéreas Flight 2283 plummeted to the ground in Brazil Friday, an airline crash that killed all 62 aboard.

Brazilian rescue teams have retrieved the remains of all 62 passengers from the wreckage of a plane crash in Sao Paulo state as families began gathering in the metropolis to identify and bury their loved ones

Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Local authorities said the bodies of the pilot, Danilo Santos Romano, and his co-pilot, Humberto de Campos Alencar e Silva, were the first to be identified by forensics experts. Sao Paulo state government said in a statement Saturday evening that the remains of all the victims had been recovered. There were 34 male and 28 female bodies in the wreckage, it said. The ATR 72 twin-engine turboprop operated by Brazilian airline Voepass was headed for Guarulhos international airport in Sao Paulo with 58 passengers and four crew members when it went down Friday in Vinhedo, 78 kilometres north of the metropolis. Voepass said three passengers who held Brazilian identification also carried Venezuelan documents and one had Portuguese.

investigators Saturday began analyzing the black boxes from a Sao Paulo-bound flight to try to understand why the passenger plane fell from 17,000 feet Friday, in a crash that killed all 62 on board. But to aviation experts around the world who watched videos showing the 89-foot plane spinning slowly as it plummeted before crashing almost directly on its belly, the question of what had happened was simple to answer: The plane had stalled. In other words, the plane's wings had lost the lift needed to keep the aircraft aloft, causing it to stop flying and start falling.