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China's Country Garden made interest payments on U.S. dollar bonds hours ahead of a grace period deadline, a person close to the firm said, pulling back from the brink of default for the second time in four days and bringing some relief to the country's crisis-hit property sector. China's largest private property developer failed to pay coupons on the bonds totalling $22.5 million due on Aug. 6, exacerbating fears over how much cash it has left and keeping markets on tenterhooks throughout the bonds' 30-day grace periods. Though the amount was modest, failure to pay would have undermined fragile hope in financial markets that China's steady drip feed of policy stimulus was starting to stabilise the economy and its struggling property market. It would also have raised the prospect of default on other dollar bonds as well as creditor calls to accelerate payments, bondholders and lawyers said, while heightening concern of a spillover into the banking system in the world's second-largest economy. Country Garden also offered on Tuesday to extend repayment of eight onshore bonds worth 10.8 billion yuan ($1.48 billion) by three years, according to people with knowledge of the matter and documents seen by Reuters.

NEW DELHI : India’s services sector growth slowed down in August after registering a 13-year high in July, a private survey said, still recording one of the best sales performances over the same period at a time of elevated inflationary pressures. The S&P Global India services Purchasing Managers’ Index (PMI) fell to 60.1 in August, from 62.3 in July. The figure stood at 58.5 in June and 61.2 in May.

final Renaissance Tour concert on Monday night. Beyoncé's 42nd birthday added to the excitement, sparking speculation about potential guest appearances. Among the celebrities in attendance were Zendaya, Tom Holland, Justin Bieber, Hailey Bieber, Chris Rock, Adele, Lizzo, Katy Perry, Kate Hudson, Normani, Brandy, Kim Kardashian and Khloé Kardashian. Timothée Chalamet and Kylie Jenner were also spotted together, marking their first public outing amid dating rumors. Beyoncé took the stage at 9:04 p.m., precisely matching her birthdate. Later in the evening, Diana Ross surprised the crowd by singing «Love Hangover» and leading a rendition of «Happy Birthday» for Beyoncé. Before performing «Flaws and All,» Beyoncé expressed gratitude to her fans, family, and Destiny's Child members. She acknowledged her parents, Tina Knowles and Matthew Knowles, her husband Jay-Z, and the challenges they've faced together. She also thanked her father for his sacrifice and her mother for her support. Beyoncé expressed gratitude for her longtime fans, mentioning Kelly Rowland, Michelle Williams, LeToya Luckett, and LaTavia Robertson, who have been with her since 1997. She embraced her imperfections and celebrated reaching 42. The night held more surprises as Kendrick Lamar joined Beyoncé on stage for a performance of their collaboration, «America Has a Problem.»

Mega-cap stocks continue to dominate the market in 2023. The question is, why? After all, many other great companies have arguably much better valuations and fundamentals.

Karnataka has decided to bring about changes in the SSLC (class 10) and II PUC (class 12) examination system from the academic year 2023-24, under which a student will get to retain the best marks from three attempts. The Karnataka School Examination and Assessment Board (KSEAB) on Tuesday said the revised examination system will rename «supplementary examination» as «annual examination 1, 2, and 3», providing three opportunities to the students, as it takes into consideration the varying pace of learning among students. «If we adopt the revised examination system, it will provide an opportunity to improve the score by retaining the best marks scored in the 1st, 2nd, and 3rd examinations and provide better opportunities in the selection process for further study or employment,» KSEAB said in a release. Pointing out that students' learning pace and style are different, and conducting exams 1, 2 and 3 can help them adapt to their learning pace and reduce the stress caused by time constraints, it said, «by renaming supplementary examination as annual examination 1, 2, and 3, three opportunities can be provided to the students which will promote their overall performance and positive attitude.» Setting down a basic framework using which the three examinations will be conducted, the board said it will issue a circular with clear guidelines for students regarding the revised system, and that it will maintain uniformity in content and difficulty level in the question papers of these three examinations. Further stating that students will be given the opportunity to choose the subject-wise best score among the marks obtained in these three attempts, it said the students who join their next academic course late shall be provided

ALSO READ: ISRO's Aditya L1 successfully performs 2nd earth-bound manoeuvre; third to take place on THIS date "In this 3-channel image, the left image is positioned in the red channel, while the right image is placed in the blue and green channels (creating cyan). The difference in perspective between these two images results in the stereo effect, which gives the visual impression of three dimensions.

The Nun 2" or «The Nun II» is aiming an impressive opening of over $30 million. Meanwhile, "Equalizer 3" remains on course for a robust four-day opening, with expectations exceeding $42 million, according to a report by Deadline. Equalizer 3's box-office performance ranks as the second-best Labor Day weekend debut ever, trailing only behind Shang-Chi, which reached a remarkable $94.6 million. Unlike the melodrama from the previous weekend when Sony aggressively scheduled significant advance previews on Friday, leading to some tensions with Warner Bros., the current situation is far more stable. Although that previous strategy was not entirely unprecedented, don't be surprised if other studios adopt similar tactics in the future.

₹5,517 crore ($667 million) through its lending platform, the company said in a press release. The company's merchant payment volumes (GMV) increased by 43% year-on-year to ₹3 trillion ($36.3 billion) in July-August 2023, up from ₹2.1 trillion in July-August 2022. Paytm continued to see an increase in GMV of non-UPI instruments like EMI and cards, said the release.

Tuesday, September 5th, 2023 – While the Bitcoin price stalls around $25,000, there are happier hunting grounds in the ‘Bitcoin clone’ space, where today, crypto presale Bitcoin BSC launches its stake-to-earn coin. 

Warner Bros. Discovery cut its full-year adjusted earnings outlook as the Hollywood labor strikes drag on longer than the entertainment conglomerate expected. The parent company of CNN, HBO and other networks had hoped the strikes would be resolved by early September.

UB40 completes 45 years and Ali Campbell has been its lead singer for most of the time, they have joined hands and announced a joint tour, ‘The Hits Tour.’ The tour is scheduled to be held from April 6, 2024, to April 16, 2024, in venues across the UK. The tour will feature performances in Liverpool, Leeds and London. Announcing the tour, they have posted on social media platform X: “UB40 featuring Ali Campbell have announced The Hits Tour for 2024 in arenas across the UK, celebrating the biggest songs from the UK’s most successful Reggae band of all-time. Tickets will go on sale this Friday at 10 am!” Before the main UK tour, the band will perform at many places in the country and will wrap it at the Dreamland in Margate, UK.

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Spanish football federation on Tuesday apologised for 'unacceptable' behaviour Luis Rubiales for kissing player Jenni Hermoso following the victory of Spain in FIFA Women's World Cup final. The incident sparked a row in the football world after which international football association FIFA suspended Luis Rubiales.

Domino's Pizza (NYSE:DPZ) was lifted to Outperform from Market Perform with a new price target of $450, up from $420 per share at TD Cowen on Tuesday.

India's ODI World Cup 2023 squad: Ajit Agarkar and Rohit Sharma announced Team India's 15-member ODI World Cup 2023 squad. The names included in the squad were on the expected line and very close to the Asia Cup 2023 squad. During the press conference, Rohit Sharma expressed displeasure over the questions about ‘outside noise’ in the India vs Pakistan matches.

Indian stock market has outperformed major markets in the world on a three-year, five-year and 10-year basis. The Nifty large cap index has delivered a 10.9 per cent annualized return over the past 10 years, compared to 6 per cent of the US index and 2.7 per cent of China's market, according to a report by ASK Investment Managers. In the last five years, Indian markets delivered 18.8 per cent annualized return, compared to 6.9 per cent of US, 12.1 per cent of Japan index, and 7.6 per cent of US index.

Indian Bank has collaborated with Nasdaq-listed IBM to deploy future ready infrastructure to enhance scalability and agility. The city-headquartered bank wanted to consolidate its front branch servers for better manageability and availability at Data Centres and Disaster Recovery centres under their 'Project Paradise' initiative. Project Paradise initiative of Indian Bank refers to — Performance Augmentation by Resource Aggregation in Distributed Environment. IBM has collaborated with Indian Bank, to accelerate its modernisation path with flexible and secure infrastructure for deploying new front-end banking applications, while addressing the business growth of the Core Banking Solution workloads of the bank, a bank statement here said. Commenting on the partnership with IBM, Indian Bank chief general manager IT and Partnership, Deepak Sarda said, «We are thrilled to work with IBM to transform our core banking environment.

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Relative Strength Index, commonly known as RSI, is a momentum oscillator used in technical analysis to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. Here's why RSI is crucial for investors: RSI values above 70 indicate that a stock may be overbought, suggesting that it could be due for a price correction.

Aam Aadmi Party's Gujarat unit vice president Arjun Rathva on Tuesday resigned from the post as well as the party, claiming local leaders were not being involved in the decision-making process. He said he has not made any plan yet about joining another party. Rathva, the 50-year-old tribal leader from Chhotaudepur district, sent his resignation letter to Gujarat AAP president Isudan Gadhvi and state in-charge Sandip Pathak. Through the letter, Rathva tendered his resignation from the post of Gujarat AAP vice president, as member of the party's National Council and also from the party's primary membership. Rathva, a social worker from Chhotaudepur, joined the Arvind Kejriwal-led AAP in 2013. He unsuccessfully contested the assembly polls from Gujarat's Chhotaudepur seat in 2017 and 2022 as the AAP candidate.

macroeconomic data. Mid-caps and small-caps outperformed the blue-chips setting new highs. The 30-share BSE Sensex ended higher by 152.12 points or 0.23% 65,780.26 level while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24%.