Racing Financial News

Congress has named Jay Narayan Patnaik as its Lok Sabha candidate from Puri in Odisha on Saturday after Sucharita Mohanty returned her ticket, citing alleged denial of funding by the party. «The Congress President (Mallikarjun Kharge) has approved the candidature of Shri Jay Narayan Patnaik (In place of Smt. Sucharita Mohanty) as the party candidate for the ensuing general elections to the Lok Sabha from 17 — Puri Parliamentary Constituency of Odisha,» the Congress said in a statement. Patnaik has been associated with the Congress for the past few years, he will make his electoral debut in this election. The last date for filing nominations in Puri is May 6.

Congress President Malikarjun Kharge extended condolences over the death of personnel of the Indian Air Force in a terrorist attack in Jammu and Kashmir's Poonch district. In a post on X, Kharge wrote, «Deeply pained by the cowardly terror attack on the IAF vehicle in Poonch, Jammu & Kashmir. We strongly and unequivocally condemn this dastardly terror attack and join the nation in standing together against terrorism.» «Our deepest condolences to the family of the brave air warrior who made the supreme sacrifice. We hope that the injured air warriors recover at the earliest and earnestly pray for their well-being. India is united for our soldiers,» he added.

Rajgarh constituency in Madhya Pradesh, which is being touted as a hot seat this Lok Sabha elections with Congress veteran Digvijaya Singh contesting against two-time BJP MP Rodmal Nagar, is all set to vote on May 7, in the third phase of the ensuing general polls. So far in the general elections, Congress won 9 elections from this seat, the Jansangh-BJP 6 times, the Janta Party twice and an independent candidate also won the seat only once. This time, Congress has pitted Digvijaya Singh against two-time BJP's Rodmal Nagar, who has been winning the elections since 2014.

Formula 1 is back in the United States for the first time in six months and the first stop is the Miami Grand Prix, the race that was supposed to be the American showpiece. But the sparkling debut of Las Vegas last November was rated as one of the best races of the 2023 season, and Circuit of the Americas in Austin, Texas, is a stalwart event that caters to passionate F1 fans. Miami was the big party when it debuted in 2022 but the question is: Has its status fallen enough that Sunday's race is simply just the first of three events in what has traditionally been NASCAR country?

Rats! They fought the dogs and killed the cats/ And bit the babies in their cradles/ And ate the cheese out of the vats/ And licked the soup from the cooks' own ladles.' Had he been around today, Robert Browning might have penned those lines to describe not medieval Hamelin, but present-day New York City. NYC has been plagued by an infestation of rodents, which has left it, known for a different kind of rat race, in dire straits. While it is no stranger to rats, there's been a Malthusian population explosion of the varmints who lurk in abandoned tenements and vacant lots. To confound the pestiferous problem, civic authorities must contend with animal rights advocacy, which disapproves of the eradication methods, involving employment of specially trained hunting dogs, painful glue traps, or the use of poisons, which lead to a lingering demise.

Royal Challengers Bengaluru and Gujarat Titans are preparing for an important match in the Indian Premier League as they compete for a win to revive their chances of making it to the playoffs. Both teams are at the bottom of the points table with six and eight points from 10 matches each, highlighting the importance of the upcoming match. Both RCB and GT understand the importance of winning to enhance their chances of making it to the playoffs amidst the recent challenges faced by Chennai Super Kings and Delhi Capitals. With the IPL group stage nearing its end, each match holds the potential to determine the teams that will secure playoff berths in the highly competitive race. RCB comes into the match with momentum in their favor as they have won their last two games. Virat Kohli's consistent run-scoring has been crucial, and standout performances from players such as Will Jacks and Cameron Green have strengthened their team. Nevertheless, RCB's bowling department is still a worry, and they need to improve their line and length against GT's strong batting order.

KKR is all set to acquire Healthium Medtech ( formerly Sutures India) from its current PE owners Apax Partners for Rs 7000 crore ($840 mn) enterprise value after a hotly contested three way race that also included a consortium of Mankind Pharma — ChrysCapital and Novo Holdings, the controlling shareholders of Danish drug major Novo Nordisk, said people aware. KKR and Apax have signed the binding agreement for the acquisition of Bengaluru based Healthium Medtech and likely to make a formal announcement as early as Monday, the people mentioned above added. Healthium is the largest manufacturer of surgical needles globally by volume. Moneycontrol was the first to report on Saturday that KKR was the highest bidder for Healthium.

Brazil's southern state of Rio Grande do Sul is reeling from the devastating effects of heavy rains and mudslides. The death toll has surged to 37, with 74 individuals reported missing, according to the state's civil defence agency, Al Jazeera reported. Rescue operations are underway as emergency responders race against time to locate survivors trapped amidst the debris of collapsed homes, bridges, and roads. Governor Eduardo Leite declared a state of emergency as the region grapples with the aftermath of the catastrophic weather event.

Air Force Secretary Frank Kendall on a historic flight at Edwards Air Force Base in California on Friday, news agency AP reported. The move can be considered one of the biggest advances in military aviation since the introduction of stealth in the early 1990s. The report said the AI-controlled F-16, called Vista, flew the USAF Secretary in lightning-fast manoeuvres at more than 550 miles an hour that put pressure on his body at five times the force of gravity.

SINGAPORE—Across China and among the global scientific community, Friday’s launch of a Chinese mission to collect samples from the moon’s far side has been hailed for its potential for a scientific breakthrough. But in the U.S., lawmakers and the National Aeronautics and Space Administration are closely watching the expedition with trepidation: as a milestone in a rival’s campaign to build a base on the moon’s most strategic location. The latest frontier of the U.S.-China technological Cold War orbits 240,000 miles above us.

Kishori Lal Sharma, a long-time loyalist of the Nehru-Gandhi family, from Amethi, the seat in Uttar Pradesh that Rahul Gandhi lost to Union Minister Smriti Irani in 2019. Rahul Gandhi, who contested from Wayanad in Kerala, has also been fielded from Raebareli, the seat that his mother Sonia Gandhi has been representing since 2004. For the first time in a quarter of a century, the Amethi seat will not see a member of the Nehru-Gandhi family in the electoral race.

Japanese Prime Minister Fumio Kishida has unveiled an international framework for regulation and use of generative AI

Michael Blowen can step outside his house anytime and visit retired racehorses at Old Friends, the thoroughbred retirement farm he founded in Kentucky two decades ago

Ukrainian energy workers are struggling to repair the damage from intensifying airstrikes aimed at pulverizing Ukraine’s energy grid

Kristen Faulkner was talking about endurance, and suffering, and how comfortable she was when it comes to pushing her physical limits. I asked her where that stamina came from, if it was something she’d honed as a professional cyclist, or as a collegiate rower, or even in her early grinding in the world of investing. She had another answer: Alaska.

Congress, ejected from the contest after its Indore candidate joined the BJP, is appealing to voters to press the 'None Of The Above' (NOTA) option, a move slammed by the ruling party as negative tactics. Akshay Kanti Bam, who had been pitted against BJP's sitting MP Shankar Lalwani, shocked the grand old party on Monday, which was the last day for withdrawal of nomination, after he pulled out of the race and switched over to the saffron party. The Indore constituency in Madhya Pradesh will go to polls on May 13 in the fourth phase of the general elections. «Voters of Indore had delivered a huge victory to the BJP in the last municipal and assembly elections. In spite of it, the saffron party murdered democracy by unfairly luring Bam. Voters must give a befitting reply to BJP by hitting NOTA,» senior Congress leader Shobha Ojha told PTI on Thursday.

Alun Cairns, a Conservative UK Member of Parliament, called on the Financial Conduct Authority (FCA) to reconsider its ban on crypto exchange-traded products (ETPs) for retail investors. In a Politics.co.uk op-ed published Thursday, he raised concerns that the country is falling behind.

Securities and Exchange Board of India (Sebi), recently said "We know the entire story about how the shampoo market in India exploded when it moved from bottles to sachets and people could afford to buy a ₹1 sachet or ₹2 sachet of shampoo, but could never have afforded to buy ₹100 bottle, the market just exploded". Its heartening to see what happened in consumer goods is now getting replicated in financial markets as well. The new entrant in this trend are—bonds.

Lok Sabha elections 2024 on May 7. The states in fray are — Goa, Gujarat, Assam, Bihar, Madhya Pradesh, Karnataka, Chhattisgarh, Maharashtra, and Uttar Pradesh. Of these, Gujarat and Goa will be under spotlight as all Lok Sabha seats will go to polling on May 7 in these two states.

With artificial intelligence (AI) seen as the next big frontier for tech businesses, Microsoft’s global expansion budget has been grabbing attention. The company has declared it plans to invest $1.7 billion in Indonesia over the next four years to expand its cloud infrastructure, especially for AI support.

Airbnb says it's going to give customers a chance at overnight stays in a Paris museum, a bedroom filled with Ferrari racing cars, and other exotic settings