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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

₹51 crore from the previous quarter, while write-offs themselves rose by ₹105 crore over the same period. Abhijit Chakravorty, chief executive of SBI Cards, told analysts in a conference call: “The primary reasons for the increase in credit cost…is that customers obtained multiple trade lines from other lenders after taking a card, and this over-leveraging has impacted their repayment capacity." The credit card business is a tough one and can be highly cyclical. Importantly, the business in general is the canary in a coal mine for economic conditions.

Hollywood might sway American voters. Right before former US President Donald Trump takes on Vice-President Kamala Harris in presidential election, a small indie studio, Briarcliff Entertainment, plans to release "The Apprentice" in theatres for US audiences, as per the Hollywood Reporter. The biopic «The Apprentice», which premiered at the Cannes Film Festival in May this year, stirred big controversy by depicting Trump as a rapist. The film is based on allegations made by Trump's first wife, Ivana Trump, during their divorce proceedings, which she later retracted. Directed by Iranian-Danish filmmaker Ali Abbasi, «The Apprentice» dramatizes a 1989 incident Ivana described in her divorce deposition. The film is set to be released in US theaters on October 11, as per the Los Angeles Times. The film stars Sebastian Stan as Donald Trump and Maria Bakalova as Ivana Trump, with Jeremy Strong playing Trump's lawyer, Roy Cohn. The biopic presents a dark portrayal of Trump, focusing on his early career.

Spencers, Princess Diana's biological family, have been actively involved in efforts to heal the division between Prince William and Prince Harry. According to family friends, Prince William's choice to go to Robert Fellowes' burial even though he knew Prince Harry would also be there has given the brothers' protracted and agonizing argument a tiny but significant glimmer of optimism. One of the oldest aristocratic families in Britain, the Spencers, are making a concerted effort to reunite the brothers, as per the reports of Yahoo entertainment.

listing gains, a Sebi study shows that 54% of IPO shares are sold within a week from listing by non-anchor investors. Based on data from 144 mainboard IPOs listed between April 2021 and December 2023, the study found that about 54% of IPO shares (in value terms) allotted to investors (excluding anchor investors) were sold within a week from listing.

marijuana. Former US President Donald Trump supported the legalization of marijuana for recreational use under certain conditions in his home state of Florida. He asserted that he was and will be again the most respected Law & Order President in U.S. history. He shared that Americans will reclaim their streets by applying tough and astute law enforcement to violent and other forms of crime. Amendment 3 will allow adults to possess up to three small amounts of marijuana for personal use in Florida, as it has in so many other states that have already approved it. In his post, Trump expressed his desire for lawmakers in Florida to outlaw the use of marijuana in public areas. He does not, however, believe that possessing personal amounts of marijuana should be a crime. Nobody should be mourning a loved one who passed away from marijuana laced with fentanyl, and we don't need to waste taxpayer dollars and ruin lives by arresting adults who have small amounts of the drug on them.

Amazon Prime Video are reportedly working on a fourth season. Deepak Kumar Mishra, the director of Panchayat, has revealed that production is underway. Following the thrilling conclusion of Season 3, fans are eagerly anticipating the next installment. Mishra confirmed that the beloved comedy-drama series will continue for at least two more seasons, with the crew already working on the fourth season. He also mentioned that plans for a fifth season are in the pipeline.

Sheikh Hasina resigned and fled to India, is awash with anti-India sentiment. That's because Hasina, who has been friendly with India, has taken shelter in India and an Islamist opposition including the main opposition party, the Bangladesh Nationalist Party (BNP), and Jamaat-e-Islami feel empowered after Hasina's ouster. In fact, the BNP, which used to provide launch pads to anti-India terrorists during its rule, had started an «India Out» campaign months before Hasina's ouster. The BNP was understood to have taken a cue from Maldives ruling party that launched the “India-Out” campaign to win presidential polls last year. While Maldives President Md Muizzu’s “India Out” campaign was allegedly backed by China, the BNP is seen to be backed by Pakistan and many Western countries. While the interim government has said it will cooperate with India, anti-India sentiment has only increased along with attacks on the Hindu minority. Recently, one of the advisers to the interim govt, Mohammad Nahid Islam, blamed India for floods in Bangladesh. Islam alleged that flooding of districts on the eastern borders of Bangladesh had been caused by the opening of Dumbur dam upstream of the Gumti river in Tripura. India refuted his allegations.

AAP government and claimed the Delhi Anti-Corruption Branch (ACB) has taken cognisance of it. Addressing a press conference, Delhi BJP president Virendra Sachdeva claimed that they had filed a complaint to the Delhi ACB regarding corruption by the AAP and the authority has taken cognisance of it. There was no immediate reaction from the AAP on the BJP's allegations.

The transportation sector has been severely impacted, with the South Central Railway, headquartered in Secunderabad, canceling numerous train services and rerouting others. The India Meteorological Department (IMD) has issued a warning for extremely heavy rainfall in Adilabad district on Monday.

Vedanta board on Monday approved the third interim dividend of Rs 20 per equity share for the financial year 2024-25. The total dividend payout will amount to Rs 7,821 crore. The company has set the record date on September 10, 2024.

While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company's head of Asian sovereign debt.

Central Vigilance Commission (CVC). «Pendency of cases against CBI officers reflects on the reputation and image of the country's premier investigation agency,» it said. As on December 31, 2023, 54 departmental cases against Group A officers and 28 cases against Group B and C officials of CBI were pending at various stages, said the CVC's annual report. Of the total pending departmental action cases against Group A officers of the Central Bureau of Investigation (CBI), 25 were pending for more than four years, four between three and four years, 16 between one and three years and nine for less than a year, it said.

A rare call for a general strike in Israel to protest the failure to return hostages held in Gaza led to closures and other disruptions around the country, including at its main international airport

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Fed rate cut and the US presidential election, global brokerage firm Bernstein has booked profits in Adani Ports, Bharti Airtel and Axis Bank while maintaining large, stable stocks such as REC, SBI Life and D-Mart in its India Model Portfolio’s August update. This year, unexpected election outcomes partly materialized, and concerns about a recession also surfaced, though only to some extent and the markets experienced significant downturns at regular intervals, but thanks to strong domestic institutional investor (DII) inflows and robust retail participation, the Nifty benchmark index has risen by 15% year-to-date.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Bharat Electronics Ltd. fell 1.26 per cent to Rs 295.6 in Monday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 25257.2, up 21.3 points. The scrip had closed at Rs 299.4 in the previous session. The stock quoted a 52-week low of Rs 127.0 and a high of Rs 340.35. The company quoted a market-cap of Rs 215930.87 crore on the BSE.

The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, from Rs 90 crore reported by the company in the year-ago period.

China’s property crisis has hit local governments hard, drying up a key source of income as land sales crumble. Fiscal reform plans have sparked hope relief is on the way, but economists see little progress. Cash-strapped and indebted, regional governments are seeking alternative revenue streams to compensate for falling land and tax income.