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02.10 / 13:55
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Israel assess damage from Iran’s missile barrage
Subscribe to enjoy similar stories. TEL AVIV—Israel was reviewing the damage Wednesday from roughly 180 missiles fired a day earlier by Iran, some of which hit the country’s densely populated center and a few military bases, an aerial attack that has escalated a yearlong conflict in the Middle East. Israel said its air defenses intercepted most of the missiles alongside a coalition of U.S.-led allies, including the U.K, but a number of projectiles successfully penetrated the country’s vaunted aerial defense system.
02.10 / 11:01
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Disaster authority of Nepal issues warning of possible heavy rainfall, requests people to be cautious
heavy rainfall across various locations in Bagmati and Koshi urging people to exercise caution while travelling. Issuing a notice, the authority warned that heavy rainfall is expected till Friday. «After the heavy rainfall since last week of September, land mass in various locations have weakened and light rainfall also can contribute to further destruction resulting in landslide and flash floods,» the authority stated in the notice. The authority also has alerted people to be cautious before travelling. It also has requested all to take shelter in safer places along the highway in case of heavy rain. The warning comes after the Weather Forecasting Division said that monsoon winds are currently affecting the country.
02.10 / 11:01
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Raghuram Rajan warns taking food off inflation table will be the wrong recipe
Raghuram Rajan, former Reserve Bank of India (RBI) Governor, has cautioned against excluding food prices from inflation calculations. As inflation remains a key concern for the central bank, Rajan's stance is that removing food inflation from headline inflation targets could erode public's 'great faith' in the central bank's ability to manage the broader economic picture. «So, if you leave out some of the most important parts of inflation and tell them, inflation is under control, but food prices are going through the roof… they would not have great faith in the Reserve Bank,» Rajan told PTI in an inerview. Food prices have always played a significant role in shaping India's inflation picture. The current consumer price inflation (CPI) basket assigns a weight of 46% to food, a figure that many argue needs to be revisited as consumption patterns evolve. Nevertheless, Rajan maintains that food prices cannot be dismissed, as they constitute a significant portion of household spending and influence how the general public perceives inflation.
02.10 / 11:01
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After attack by Iran, will Israel choose the 'nuclear option'?
Hezbollah chief Hassan Nasrallah and Iranian commander Nilforoshan as well as Hamas leader Ismail Haniyeh? Prime Minister of Israel Benjamin Netanyahu on Wednesday said that Iran made a big mistake, and it would pay for it. It is clear that Israel is going to strike Iran hard, and many think it could be targeted assassinations as well as air strikes. Israel’s war cabinet has not decided exactly what form the response will take, Axios reported, and wants to first discuss its options with the United States. “We have a big question mark about how the Iranians are going to respond to an attack, but we take into consideration the possibility that they would go all in, which will be a whole different ball game,” an Israeli official told Axios. Naftali Bennett, a former Israeli prime minister, has urged Israel to attack “destroy [Iran’s] nuclear project, destroy their major energy facilities and critically hit this terrorist regime.” Any Israeli strike on Iranian nuclear sites can potentially be dangerous as Iran's nuclear capabilities are not fully known even though it denies it has any nuclear weapon. Any such strikes by Israel can prompt similar tit-for-tat strikes by Iran.
02.10 / 10:33
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Interview: Gemini APAC Head Saad Ahmed Discusses Expansion into Asia and Navigating Regulatory Challenges
Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.
02.10 / 10:18
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Fund managers bet big on financials: But why ditch banks for NBFCs?
Subscribe to enjoy similar stories. Fund managers are hailing financial stocks as their next big theme, but as the saying goes, “the proof is in the pudding". Despite the bold proclamations, the data paint a more cautious picture.
02.10 / 09:35
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Can you solve 7x - 5y = 24? Find out if you could have gained admission to MIT with this viral entrance exam
Massachusetts Institute of Technology (MIT) has long been recognized as a premier institution for engineering, mathematics, and science. With a history spanning almost 200 years since its founding in 1861, the institute boasts over 101 Nobel laureates and 8 Fields Medalists among its alumni and faculty. However, its admission process remains one of the most selective in the world, with an acceptance rate of only 4%. Recently, an entrance exam from June 1869 has captured the attention of the internet, offering a glimpse into the past of one of the most prestigious academic environments.
02.10 / 09:35
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Dhan swings to profit in FY24 with gross revenues of Rs 380 crore, up 600% from last year
Dhan has reported gross revenues of Rs 380 crore in financial year 2024, up 600% from Rs 54.2 crore a year prior, according to a note the company has shared with its shareholders. ET has seen a copy of the note. The 2021-founded startup reported net profit of Rs 155 crore in FY24 compared to a net loss of Rs 22 crore in the year prior.
02.10 / 09:35
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CIL exploring monetisation of 4 old washeries via bundling asset lease with coal supply pacts
Coal India Ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. The move aims at optimising asset utilisation. «We are exploring the monetization of four old washeries,» Coal India Ltd (CIL) said in a report. The company which accounts for over 80 per cent of domestic coal output is diversifying its portfolio by setting up a non-coking coal washery at Ib Valley, Lakhanpur in Mahanadi Coalfields Ltd (MCL) — one of the subsidiaries of CIL.
02.10 / 09:35
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Rs 60,000 crore investment opportunity by railways in West Bengal, says Railway Minister Ashwini Vaishnaw
Railway Minister Ashwini Vaishnaw on Wednesday announced that there is a Rs 60,000-crore investment opportunity by the railways in West Bengal. He highlighted that 61 projects are currently pending in the state due to issues related to the handover of land to the railways, emphasising that the completion of these projects requires the TMC government to rise above politics. «Rs 60,000 crore investment opportunity by the railways exists in West Bengal,» Vaishnaw said after inaugurating several railway projects and train services at Sealdah station. He added that such investments will only be feasible if the state government cooperates.
02.10 / 07:53
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Indian economy’s worsens in August as consumer segment flashes red: Mint tracker
Subscribe to enjoy similar stories. The Indian economy’s performance in August deteriorated from the month prior primarily as the consumer segment slipped into the red again, according to the Mint macro tracker. Weakness emerged in the producer economy and the external sector as well.
02.10 / 06:09
02.10 / 06:09
02.10 / 05:41
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China's coast guard enters Arctic for the first time for patrol with Russia
Arctic sea for the first time, for a joint patrol with Russian counterparts, state media reported on Wednesday. The arrival of ship «Meishan» on Tuesday coincided with the 75th anniversary of the People's Republic of China, state television said. It also marked the 75th anniversary of China-Russia diplomatic relations. This follows similar joint patrols the two nations have been carrying out in the northern Pacific Ocean since Sept. 21, the report said.
02.10 / 05:41
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China pumped in over $100 bln overseas in cleantech since 2023, research group says
clean energy technology projects have exceeded $100 billion since the start of 2023 as they aim to avoid tariffs in the U.S. and elsewhere, Australian research group Climate Energy Finance (CEF) said on Wednesday. China is the world's biggest producer and exporter of products such as solar panels, lithium batteries and electric vehicles, with its investment, innovation and manufacturing capabilities leading the world by an «astonishing margin», CEF said in a research report.
02.10 / 03:53
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Countries, businesses and trade officials urge EU to rethink deforestation regulation
A growing number of governments, international trade organizations and businesses are urging the European Union to reconsider a deforestation regulation set to take effect in December
02.10 / 02:59
markets
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Manufacturing
Apple
electronic
reports
Tata Electronics fire: Apple may turn to China for iPhone cases
Tata Electronics plant at Hosur is not operational within a month or so, market trackers and industry executives aware of the development said. But they are hopeful that the plant will become operational in a couple of weeks as the smartphone industry has entered the crucial festive season when the bulk of the sales happen. Operations at the Tata Electronics plant in the industrial town of Hosur in Tamil Nadu were disrupted over the weekend as a massive fire engulfed it. No casualties or injuries have been reported. The plant currently makes anodised enclosures, or cases, for the iPhone 15 and iPhone 16 models, according to industry analysts.
02.10 / 02:59
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Election
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Takeaways from the Vance-Walz US vice presidential debate
JD Vance, Republican Donald Trump's pick as his vice presidential running mate, squared off against Minnesota Governor Tim Walz, who Democrat Kamala Harris tapped to be her No. 2, in a nationally televised debate on Tuesday. The debate is likely the final one of the 2024 presidential campaign, potentially giving it some additional weight ahead of the Nov. 5 election. Here are some takeaways from the event in New York:
02.10 / 01:51
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Brisk growth in gold loans likely behind RBI warning
Subscribe to enjoy similar stories. The Reserve Bank of India’s (RBI) caution on gold loans is likely on account of the brisk growth in the segment, analysts said, but a secured asset class like bullion would still present fewer risks than what was seen in personal loans. On Monday, the regulator flagged deficiencies in gold-lending practices in using third-party agencies, besides inadequate due diligence and monitoring of end use of funds.
02.10 / 01:29
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Bitwise CIO Compares Bitcoin and Gold as Currency Hedges
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
02.10 / 00:03
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Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products
Nike has reported a slump in sales and profits for its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models
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