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Mint in the week gone by. Top executives and early investors in Ola Electric Mobility are poised to reap significant gains as the company prepares to be listed on the stock exchanges. Meanwhile, the Securities and Exchange Board of India (Sebi) is concerned about the rapid growth in derivatives trading.

Japanese stocks plunged for a second day as expectations rose on more rate hikes by the nation’s central bank. Asian equities also declined, tracking losses on Wall Street as data signaled a softening US economy. The broad Topix benchmark index in Japan fell more than 4%, as the yen gained for a fourth day to pressure markets. The selloff in tech-related stocks continued in Asia with AI chipmaker SK Hynix Inc. tumbling more than 6%.

government employee in the failed attempt to assassinate an American citizen on US soil last summer, an official said. «We continue to expect accountability from the government of India in relation to the alleged role of an Indian government employee in the failed attempt to assassinate a US citizen on US soil that occurred last summer,» State Department Deputy Spokesperson Vedant Patel told reporters at his daily news conference. «We continue to raise our concerns directly with the Indian government at senior levels,» he said. Patel, however, declined to comment on a news report alleging that Canadian authorities claim to have arrested five Indian nationals planning to target a Sikh separatist at a wedding ceremony.

Security forces have fired gunshots and tear gas to quell mass protests across Nigeria as thousands, mostly young people, poured onto the streets to rally against the country’s spiraling economy

The overall growth of ER&D firms is still higher than IT services companies, but the trajectory of both segments have reversed in the recently concluded quarter. “Headcount growth has decelerated cumulatively for Indian pure-play ER&D services companies,” Kotak Institutional Equities said in a post-earnings season note. “These companies have focused on better resource utilization and hiring trainees to optimize cost structures over the past year.”

Bandhan Bank’s asset quality issues, high credit cost keep investors on edge “Then, of course, there has been an impact of (the) heat wave in the first quarter of this year and some degree of restricted movement of people during the course of election and hence, some of the northern states were hit largely because of that. Pockets of Tamil Nadu, Maharashtra, Madhya Pradesh were (impacted) because of monsoon as well," Kothari told analysts on 20 July. Another lender Ujjivan Small Finance Bank recently reduced its loan growth guidance for FY25 to 20%, from 25% earlier.

Titan, Hindustan Zinc, ITC, SpiceJet, Zomato among others will be in focus due to first quarter results and various news developments. Titan, Hindustan Zinc, Delhivery

RBI) is said to be agreeable to a restructuring plan proposed by Tata Sons seeking a waiver for the mandatory listing of the group’s holding company. The Tata Group holding company has already implemented parts of the plan, including wiping off debt, said people with knowledge of matter. The recast will result in Tata Sons not being classified as a non-bank finance company (NBFC) in the ‘upper layer’ (UL) subject to a few regulatory conditions. This, in turn, will imply that Tata Sons won’t be required to list itself on the stock exchanges. In line with the plan, Tata Sons has restructured its balance sheet to be a zero-debt company to be compliant with RBI rules, said the people cited above. Net debt was at Rs 15,200 crore on September 30, 2023, according to the latest Crisil Ratings report. It had standalone cash and cash equivalents of over Rs 2,500 crore. An RBI circular in October 2021 directed that those companies identified as NBFC-UL should be mandatorily listed within three years. The central bank had classified Tata Sons as an ‘upper layer’ NBFC in 2022, which would have meant a listing by September 2025 if it had not undertaken this restructuring exercise, said the people cited.

₹33,500 crore. Large as this may seem, it’s only 40% of what the company was earlier looking at, reportedly, and also a steep drop from its last funding round, which valued it at $5.4 billion. Naturally, too, Ola’s ramp-up to this stage invites closer scrutiny.

Officials say an overnight protest by climate activists at Leipzig/Halle Airport in eastern Germany forced a three-hour halt to cargo flights

Black and other minority farmers are set to receive more than $2 billion in federal aid in response to decades of discrimination by the U.S. Department of Agriculture

stargazers. Experts in astronomy predict that T Coronae Borealis, popularly referred to as the "Blaze Star," will eventually come into daylight. A «once-in-a-lifetime» view is promised by this stellar event, which is situated 3,000 light-years away, as per the reports of Yahoo news. One red giant star that is very hot and one white dwarf star that is cool make up the binary star system known as T Coronae Borealis. The system, which is recognized for its periodic nova explosions occurring every 79 to 80 years, last erupted in 1946. Scientists studying the sky and astronomers alike are looking forward to the next outburst, which NASA predicts will happen before September 2024.

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu

Gov. Maura Healey says she is pressing Steward Health Care to adhere to a state Department of Public Health regulation that hospital owners must give 120 days notice before any medical facility can close in Massachusetts

CBS News has moved fast to reconfigure the “CBS Evening News” after announcing the exit of Norah O'Donnell as anchor of the third-rated newscast earlier this week

Massachusetts Gov. Maura Healey has signed into law a bill requiring businesses with 25 or more employees to disclose a salary range when posting a job

DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve flawed tank cars the National Transportation Safety board has been trying to get off the tracks for decades

Toyota says its April-June profit rose 1.7%, boosted by a favorable exchange rate, as vehicle sales grew around the world despite a certification scandal that halted production in Japan for several months

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains broadly healthy