Reports Financial News

Japan’s north-central region of Ishikawa was hit with an earthquake of 5.9 magnitude early morning on June 3, while the country was still recovering from the January 1 earthquake destruction. The Japan Meteorological Agency reported multiple tremors on the northern top of the Noto Peninsula, followed minutes later by a 4.8 and then several smaller quakes within the next two hours

India recorded nearly 25,000 cases of suspected heat stroke and 56 fatalities due to multiple heatwave days across the country from March to May, according to government data. The month of May has been particularly harsh for the region, with temperatures in the capital Delhi and the nearby state of Rajasthan reaching up to 50 degrees Celsius (122 degrees Fahrenheit).

Cholamandalam Investment & Finance Company Ltd. traded 3.05 per cent up at Rs 1277.85 at around 11:16AM (IST) on Monday. The stock had closed at Rs 1239.95 in the previous session. Equity benchmark Sensex traded 2122.45 points higher at 76083.76 around the same time.

Adani Power rallied as much as 17.7 percent to its 52-week high of ₹890.40. Adani Green Energy soared 13.5 percent to its year-high of ₹2173.65.

Adani Ports and Special Economic Zone: Adani International Ports Holdings Pte Ltd (AIPH), a subsidiary of Adani Ports and Special Economic Zone Ltd (APSEZ), has signed a 30-year concession agreement with the Tanzania Ports Authority to operate and manage Container Terminal 2 at the Dar es Salaam Port in Tanzania.Cochin Shipyard: Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, has won an order from Ocean Sparkle Limited, an Indian tug operator under Adani Harbour Services, for the construction of three Azimuth Stern Drive (ASD) Tugs of 70 T bollard pull power.Deepak Nitrite: The company announced that its subsidiary, Deepak Chem Tech Ltd, will acquire a 100% stake in Narmada Thermal Power Private Ltd for a cash consideration of ₹61.65 crore. The acquisition is expected to be completed by June 30.Tata Steel: The company faces industrial action from around 1,500 employees based at Port Talbot and Newport Llanwern in Wales.

Apple is planning to revamp the Settings app in iOS 18 with a cleaner interface, better organisation and much improved search. The company is also planning to bring improvements to the Control Centre with a new 'Now Playing' music widget and HomeKit smart home controls.In his weekly Power On newsletter, Gurman also reiterated that Apple is planning to integrate the power of generative AI to provide a much-needed upgrade to many of its apps.

Mint looks at the cause of delays and what the new administration can do to improve outcomes for lenders and debtors. The IBBI data show that 947 resolution plans were approved till the end of March, resulting in 32% realisation against the admitted claims.

Lebanese militant group Hezbollah fell in the Israeli coastal city of Nahariya on Sunday, causing a fire but no injuries, Israel's military and local media reported.

"Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well," says Gurmeet Chadha, Complete Circle Consultants We are hearing reports suggesting an acute shortage of air conditioners and other consumer durable goods. Have you managed to get your hands on them? There is indeed a shortage, and discounts have virtually disappeared, not just for air conditioners but also for refrigerators and air coolers. Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well. If we compare this to China, where per capita GDP grew by 13-14% over a 15-year period, the consumer durable segment grew by 20%, and the auto sector by 26%. This is more of a long-term play, and extreme weather conditions could provide a better entry point.

Rupert Murdoch marries for fifth time, 93-year-old media mogul ties knot with 63-year-old Elena ZhukovaPrime Minister Narendra Modi reviewed the impact of Cyclone Remal on Sunday, ANI reported. The cyclone, which caused flash floods, heavy rains, and landslides across the northeastern states, has claimed three dozen lives and affected more than 200,000 people.Continuous rainfall and landslides have isolated parts of the northeast, submerging railway tracks.

1993 Mumbai serial bomb blasts was fatally attacked by five inmates in Kalamba Central Jail, Kolhapur, on Sunday, police said, according to a PTI report.The deceased, 59-year-old Munna alias Mohammad Ali Khan alias Manoj Kumar Bhawarlal Gupta, was involved in an argument with other inmates regarding the use of the bathroom. This dispute escalated and led to the violent attack.Also Read | Rupert Murdoch marries for fifth time, 93-year-old media mogul ties knot with 63-year-old Elena ZhukovaDuring the argument, several under-trial inmates removed an iron cover from the drainage and struck Khan on the head.

₹21.97 lakh and opens on Monday, June 3. The contractor will be given five days to complete the order.

Assam remained grim, with three additional fatalities reported and new areas being inundated.Although there was a slight decrease in the number of affected people, the situation persisted as a significant concern, PTI reported.“Rivers remained in spate, while affected people took shelter in relief camps in different areas," it said.According to a bulletin from the Assam State Disaster Management Authority (ASDMA), 535,246 individuals across 13 districts remained affected by the flood.Also Read: Manipur floods: Houses and vehicles submerged amid heavy rains; PM Modi, Amit Shah take stock of situationThis number represents a decrease from the 601,642 affected individuals across 10 districts reported on Saturday.Tragically, the flood and storm-related fatalities since May 28 have now reached 18, with two deaths reported in Cachar and one in Nagaon.“Three major rivers – Kopili, Barak and Kushiyara – continued to flow above the danger level," the ASDMA bulletin said.Also Read: Monsoon Tracker: Wet spell in Delhi, Bengaluru, Mumbai, Kolkata and Chennai? IMD's full weather forecast hereNagaon emerged as the worst-hit district, with 303,567 people still affected, followed by Cachar with 109,798 and Hojai with 86,382 affected individuals.The situation prompted the establishment of 193 relief camps across various districts, accommodating over 39,000 displaced individuals. Additionally, 82 relief distribution centers were actively providing assistance.Also Read: Weather today: IMD issues orange alert for heavy rains in 6 states; warns of heatwave in Haryana and PunjabMultiple agencies, including the NDRF, SDRF, and local administration, were engaged in rescue and relief operations.

planetary alignment which occurred today i.e. June 3 before sunrise will have another opportunity for sky gazers. Called as the parade of planets 2024, six planets i.e.

China's manufacturing activity in May grew at the fastest pace in about two years with strong production and new orders, a private sector survey showed on Monday, indicating the sector remains robust amid supportive industrial policies.

Bharatiya Janata Party (BJP) leaders rejoiced at the exit poll results predicted a landslide victory for the National Democratic Alliance, the opposition INDIA bloc leaders rubbished the outcomes saying that they will be forming the government at the Centre winning at least 295 seats.

Israeli airstrikes around the Syrian city of Aleppo killed several people early on Monday, Syrian state media reported. The state-run SANA news agency gave no specific toll. It said the strikes were around the southeastern edge of Aleppo.

Sebi) requires top listed companies to confirm, deny or clarify market rumours reported in mainstream media from June 1. Reena Zachariah looks at what it means for these companies: What's the new Sebi rule on market rumour verification?

National Democratic Alliance (NDA) in the Lok Sabha elections, Bharatiya Kisan Union (BKU) spokesperson Rakesh Tikait took a dig at the Bharatiya Janata Party (BJP) government saying that these exit polls are not going to counter the «king» who is an «astrologer» as well as a «dictator.»

earthquake hitting Ishikawa Prefecture, with authorities confirming no tsunami risk, NHK reported.The quake occurred at approximately 6:31 am on Monday, with its epicentre estimated to be 10 kilometres deep.Also Read | Rupert Murdoch marries for fifth time, 93-year-old media mogul ties knot with 63-year-old Elena ZhukovaWajima and Suzu cities in Ishikawa Prefecture experienced tremors at an intensity of upper 5 on Japan's seismic scale.Additionally, Noto town felt tremors at an intensity of lower than 5, while Nanao city and Anamizu town, along with some areas in Niigata Prefecture, registered an intensity of 4.Also Read | Election Commission orders repolling at Barasat, Mathurapur in West Bengal on June 3Following the earthquake, East Japan Railway temporarily suspended Hokuriku Shinkansen and Joetsu Shinkansen bullet train services due to a power outage. Service resumed at 6:50 am, NHK reported.

Mint in an interview. The commentary comes as the construction materials platform raised $50 million from Mars Unicorn Fund last week. The company is valued at $2.5 billion, as per its official website.