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In its half-year results today (13 August), Witan reported a net asset value total return of 11%, slightly trailing its composite equity benchmark, which gained 11.7% over the period. Outgoing chair Andrew Ross noted Witan was outperforming its benchmark «for much of the period», but the June rally in US tech stocks, which drove major indices to new highs, ultimately pushed the benchmark ahead. In the first half, the trust bought back 4% of its shares into treasury at an average discount of 8.9%. This added £5.6m to the net asset value, which the trust said more than offset its invest...

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

Vinesh Phogat's fate who was disqualified from the Paris 2024 Olympics gold medal match in the 50kg freestyle wrestling category is now in the hands of Court of Arbitration for Sport (CAS) who will deliver its verdict on August 13. While the hearings are completed and only the verdict is left, there might be a crucial 'loophole' in the United World Wrestling (UWW) rulebook that could potentially benefit Phogat, according to media reports. According to current regulations, Phogat’s disqualification was due to her failing the weigh-in by a mere 100 grams. UWW rules state that no exceptions can be made for such violations, which seemingly rules out the possibility of awarding Phogat a silver medal. However, an intriguing loophole in the rulebook might offer Phogat a chance.

Global oil markets are poised to swing from a deficit to a surplus next quarter should OPEC+ proceed with plans to boost supplies, data from the International Energy Agency showed. Oil inventories are currently depleting as a result of peak summer driving demand, but should stabilize in the final quarter of the year, the Paris-based agency said in a report. That would likely tip into an overhang if the OPEC+ cartel presses ahead with provisional plans to bring back idled output starting in October, the report indicated. Oil consumption in China, the biggest importer, fell for a third month in June, the IEA said.

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...

Inox Wind rallied 35% in two days, making a new all-time high of Rs 237 in Tuesday’s session on BSE after the company on Friday announced its Q1 results wherein it turned profitable on a YoY basis. The company also announced a 51 MW order win from Everrenew.

rape and murder of a young trainee doctor at RG Kar Medical College has sent shockwaves throughout the nation. Actress-politician Kangana Ranaut was one of the few public figures who lent her voice to the ongoing campaign, demanding justice for the victim. Taking to Instagram on Tuesday, the ‘Tanu Weds Manu’ actress called the crime “horrific” and demanded the CBI investigate the case. She also asked the government to show the rapist no mercy. “Murder of a trainee woman doctor at state-run RG Kar Medical College and Hospital in Kolkata is horrible and horrific. The semi-nude body of the woman post-graduate trainee doctor was found inside the seminar hall on Friday morning. She was brutally murdered, and her body bore multiple injury marks. The preliminary autopsy report indicated sexual abuse before her murder. I hope the case is transferred to the CBI for a complete inquiry and the assaulter is punished harshly,” she wrote.

security arrangements have been made in Kashmir to ensure incident-free Independence Day celebrations, with a multi-tier security set put in place at the venue of the main function here. A full dress rehearsal was held on Tuesday at the Bakshi Stadium where Inspector General of Police, Kashmir Zone, V K Birdi took the salute at the march past. Contingents of police, security forces and school children took part in the parade, «We have made foolproof security arrangements for Independence Day celebrations. We keep all possibilities in mind while drafting a security plan to ensure that everything remains peaceful,» Birdi told reporters here after the full dress rehearsal.

European vacations are gaining traction among Indians. As per a report by the European Commission, Schengen visa applications from Indian nationals surged by 43 per cent in 2023 as compared to 2022. India maintained the third position in Schengen visa applications for 2023, with a total of 9,66,687 filings. The European Commission last month introduced a new visa «cascade» regime for Indian nationals seeking Schengen visas, allowing for more straightforward access to multiple entry visas with extended validity periods.

Hindalco Industries on Tuesday reported a consolidated net profit of Rs 3,074 crore for the quarter ended June 30, 2024, a 25% jump from Rs 2,454 crore reported by the company in the year ago period. The revenue from operations for the reporting quarter stood at Rs 57,013 crore, which was up by 7.6% from Rs 52,991 crore reported in the corresponding quarter of the previous financial year.

Delhi government's anti-corruption branch (ACB) has arrested seven individuals, including a suspended GST officer, three advocates, two transporters, and a proprietor of fake firms, for their alleged involvement in a GST fraud racket. The fraud involved fraudulent GST refunds that amounted to approximately Rs 54 crore, and forged invoices totaling Rs 718 crore were discovered. The operation uncovered nearly 500 non-existent firms, which appeared to be engaging in business activities solely on paper to claim the fraudulent refunds, a TOI report stated. Officials have pointed to significant procedural lapses and malpractices by the arrested GST officer, Babita Sharma, who has since been suspended. The fraudulent refunds were reportedly approved without proper verification of input tax credit, which has resulted in a substantial loss to the government’s exchequer. ACB Chief Joint Commissioner Madhur Verma highlighted the nature of the fraud:

Honasa Consumer, the parent of beauty and personal care brand Mamaearth, said its hair care brand, BBlunt, has achieved an annual revenue run rate (ARR) of Rs 100 crore and grown over four times since the company acquired it in 2022. ARR is the projection of a company’s annual revenue based on its current performance. The achievement was driven by data-based innovation strategy and product development process, integrating insights from stylists, consumer interactions and salon testing, the company said in a news release Tuesday.

temporary foreign worker program is a breeding ground for contemporary forms of slavery alleged a report by UN investigator Tomoya Obokata, according to an article in Canada's leading daily Globe and Mail. Prof. Obokata is the United Nations’ special rapporteur on contemporary forms of slavery and a professor of international human-rights law at the University of York in Britain. The recently released final report cements Prof. Obokata’s initial impressions, which he first expressed last year after visiting Ottawa, Moncton, Montreal, Toronto and Vancouver on a fact-finding tour, Globe and Mail reported.

₹30,000 a month, which is far higher than what new employees get on average in cities. The prospect of stable employment is an added incentive. Yet, such a scramble for government employment is also a symptom of the lack of quality jobs in an economy that has otherwise had a good run since the pandemic.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. traded 0.39 per cent down in Tuesday's trade at 01:39PM (IST). Around 8,068 shares changed hands on the counter. The stock opened at Rs 4891.5 and touched an intraday high and low of Rs 4900.0 and Rs 4808.15, respectively, in the session so far. Shares of the company of <a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. quoted a 52-week high of Rs 5024.5 and a 52-week low of Rs 3300.0.

UN sanctions banning North Korea's imports of luxury goods, North Korean leader Kim Jong Un appeared to be using a new model of a Mercedes-Benz SUV, local media in neighbouring South Korea reported. Seoul-based Yonhap news agency on Tuesday published photos carried by the Korean Central News Agency, which showed a black Mercedes-Benz SUV on a special train that Kim used to visit flood-hit areas in the northwestern province of North Phyongan last week. Under UN resolutions, first enacted in 2006 after Pyongyang carried out underground nuclear tests, exports of luxury cars and other high-end items to North Korea are banned.

market indices, like Nifty and Sensex, are vital tools for investors, serving as benchmarks for measuring investment performance, gauging market sentiment, and tracking trends They simplify our understanding of market direction and economic conditions. They also enable the creation of diversified products like index funds and ETFs, offering broad market exposure. Stocks included in the indices are selected based on market capitalisation, liquidity, and financial stability.

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

Sebi chief Madhabi Puri Buch in the Adani vs Hindenburg case soured investor's mood, Adani stocks rallied up on Tuesday to 6% after getting support from global index services provider MSCI. Shares of Adani Energy Solutions rallied up to 6.2% this morning to hit day's high at Rs 1,130 on BSE while Adani Total Gas and Adani Green were trading around 2% higher.

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

The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal.