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28.05 / 14:51
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‘One garage disappeared’: Suspected tornado touches down in southwestern Quebec
A suspected tornado that touched down in southwestern Quebec on Monday afternoon damaged homes and farm buildings, but a local fire official said no injuries have been reported.
28.05 / 14:45
CEO
Strategy
Sustainability
reports
abrdn promotes Dan Grandage to chief sustainability officer
Grandage had originally assumed the role in an interim capacity following Young's departure at the end of April this year. Stephen Bird exits abrdn as Jason Windsor takes interim CEO role He will report to Peter Branner, abrdn's chief investment officer, and lead the global sustainability and ownership strategy. In the role, Grandage will continue to ensure that sustainability remains an integral consideration in the investment process to help deliver risk adjusted returns. Prior to his decade at abrdn, Grandage held positions with WSP and RPS Group, which was acquired by the ...
28.05 / 14:45
Citi
Provident
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reports
Quilter calls for simplification as Labour backs GB ISA proposals
According to a report by City AM today (28 May), a spokesperson for the party said it has no plans to drop the GB ISA, as Labour focuses on getting people to save and invest, with the different types of ISAs a key area. Rachel Griffin, tax and financial planning expert at Quilter, said this gives Labour the opportunity to «drastically improve» the Conservatives' GB ISA plans introduced in the 2024 Spring Budget. The proposals, which are under consultation until 6 June, set out that the GB ISA will provide an additional tax-free £5,000 to the current annual ISA allowance of £20,000, to...
28.05 / 14:45
markets
UPS
reports
Edinburgh investment trust cuts fees as discount widens
In its annual financial report published today (28 May), EDIN explained the arrangement will be effective from 1 April 2024 and will take place as a fee scale. Edinburgh Investment Trust names deputy manager as de Uphaugh retires The trust will pay 0.45% of its market capitalisation on the first £500m annually, reducing to 0.4% for the next £500m and to 0.35% on the balance of the market capitalisation. Previously, the trust paid 0.48% per annum up to £500m and 0.465% thereafter, noted Numis analysts Ash Nandi and Ewan Lovett-Turner. EDIN said this will result in a pro-forma 11%...
28.05 / 13:25
28.05 / 12:41
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Bharat Dynamics shares fall 7%, snaps 10-day gaining streak; what led to the plunge?
₹1,542 and reach a day's low of ₹1,431.25.BDL stock closed at ₹1,454 on May 28, against previous close at ₹1,544 per share on May 27. Over the past 10 days, the stock has soared by nearly 70 per cent, and in the last six months, it has risen by 150 per cent.Bharat Dynamics recently announced a stock split, dividing one equity share with a face value of ₹10 into two equity shares with a face value of ₹5 each.
28.05 / 12:41
markets
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Multibagger Stock: Shakti Pumps yielded 515% returns in 13 months, gained over 1690% in 4 years
Shakti Pumps, the country's leading manufacturer of solar pumps and motors, have been on an upward roll over the last 13 months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe.The company, primarily focused on the production of pumps and motors of various types, has witnessed a consistent uptrend in its stock price since April 2023, starting at ₹404.40 and currently trading at ₹2,492, yielding an impressive return of 515%.This outstanding growth is largely attributed to Shakti Pumps' substantial order wins and strong financial performance, instilling investor confidence and driving the stock price to unprecedented levels. On March 22, the stock reached a new pinnacle, touching an all-time high of ₹2,955 apiece.Also Read: Mauritius-based FII buys stake in this small-cap stock during Q4FY24Zooming out, the stock's long-term performance has been even more impressive as it registered a remarkable gain of 1694% over the last four years.Recognised as a leading domestic manufacturer in the Indian pump industry, Shakti Pumps holds a dominant market position with a 26% share in the domestic solar pump market under the PM KUSUM scheme - an initiative to transform the Indian agriculture sector.The company boasts a diversified customer base comprising government entities, solar original equipment manufacturers (OEMs), and industries, ensuring a low customer concentration mix, with over 1 lakh pumps installed, according to the company's recent exchange filing.
28.05 / 12:41
Election
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KCR planned BJP leader's arrest in poaching case to resolve ED probe against daughter Kavitha, confesses ex-cop
'BJP asks us to join…': Arvind Kejriwal says AAP won't bow down amid MLA poaching rowThe confession stated: “A Special Investigation Team (SIT) was formed, and, KCR wanted the arrest of senior BJP leader Santhosh to make the case strong so that BJP would come for compromise and it could be used to get rid of the ED case on his daughter, MLC K Kavitha. However, due to the inefficiency of some Cyberabad police officials, one important person escaped police apprehension, and later, the case went to the High Court where orders not to arrest were issued and then the SIT case was transferred to CBI."Also Read | BRS workers 'kidnap' own party leader amid defection buzz, former MLA 'rescued' by BJP | WATCH'Peddayana' – an indirect reference to Chandrasekhar Rao – was “very angry" when the work was not done as per his expectations, according to the former police official.Radha Kishan Rao has also confessed to tapping the phones of some officers during the BRS government in the state, an Indian Express report mentioned.
28.05 / 12:31
28.05 / 11:43
cryptocurrency
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One-Third of U.S. Voters Prioritize Political Candidates’ Stance on Crypto: Harris Poll
One in three voters in the United States considers a candidate’s position on cryptocurrencies before making their voting decision.
28.05 / 11:43
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Immediate Altex Review – Scam or Legitimate Crypto Trading Platform
Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content
28.05 / 11:09
Citi
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Google
WhatsApp
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Courts
Shraddha Walkar murder case: Delhi cops file supplementary chargesheet
Delhi police have filed a supplementary chargesheet containing more digital and forensic evidence reports to nail Aaftab Amin Poonawala, who stands accused of killing his live-in partner Shraddha Walkar and dismembering her body, court sources said on Tuesday. The nearly 3,000-page chargesheet was filed before metropolitan magistrate Aviral Shukla, they said. Poonawala is alleged to have strangled Walkar and chopped her body into pieces in the national capital's Mehrauli in May 2022 before scattering the body parts in different areas of the city to escape detection. He has been charged under sections 302 (murder) and 201 (causing disappearance of evidence of offence) of the Indian Penal Code.
28.05 / 11:09
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6 major money deadlines in June 2024: Special FD with high interest rates, Aadhaar free update and more
deadlines next month that you should be aware of. The following is a list of six financial deadlines in June 2024.
28.05 / 11:09
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Food delivery, quick commerce take a bite out of QSR sales: brokerage reports
quick service restaurants (QSR) like Domino's and Pizza Hut have been hit by the rapid expansion of food delivery platforms like Zomato and Swiggy, while quick commerce — a segment that is also led by by Zomato-owned Blinkit and Swiggy-owned Instamart — are pulling younger customers away from modern retail and other physical stores, multiple brokerage reports said. For the overall QSR industry, revenue growth for the final quarter of FY24 was at 9% on a year-on-year basis, compared to 18% growth in the same quarter of FY23, while both same store sales growth (SSSG) and average daily sales (ADS) declined, a report from brokerage firm BNP Paribas Exane said.
28.05 / 11:09
Election
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Siddaramaiah and Shivakumar should consult senior party leaders on MLC candidates: Parameshwara
Karnataka Home Minister G Parameshwara on Tuesday said Chief Minister Siddaramaiah and State Congress chief D K Shivakumar should consult senior party leaders like him regarding selection of candidates for the MLC polls. The statement comes against the backdrop of Siddaramaiah and Shivakumar's trip to New Delhi today to discuss with the party high command candidates for biennial election to 11 seats of Karnataka Legislative Council on June 13. «The Chief Minister and KPCC President are in responsible positions. It is appropriate if they consult seniors like us. Without consulting if they both decide on their own, it is not right according to me. Those with seniority and experience, both in the party and the government and having contacts, should be consulted. They have to discuss with us,» Parameshwara said.
28.05 / 10:47
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More than 300 aspirants for MLC poll tickets in Karnataka: Shivakumar
Karnataka Congress President D K Shivakumar on Tuesday said that the party leadership is in a «difficult position» as there are more than 300 ticket aspirants for the upcoming legislative council elections in the state. Shivakumar, who is also the state's deputy chief minister, said the party high command will decide on the tickets. Biennial elections to 11 seats of the Karnataka Legislative Council to be elected by Members of the Legislative Assembly will be held on June 13. As per the existing strength of parties in the assembly, the Congress can win 7 seats, the BJP three and JD(S) one seat. Chief Minister Siddaramaiah and Shivakumar today left for New Delhi to discuss candidates with the Congress high command. The schedule for filing nominations for the MLC election has already begun, and it will go on till June 3.
28.05 / 10:47
Citi
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International
Here's why Noida and Ghaziabad are facing water crisis
Noida and Ghaziabad are struggling to secure sufficient water supply. Many have turned to purchasing water from private tankers or rationing their usage, despite assurances from the Noida Authority that the city receives an adequate daily supply of 480 million liters per day (MLD), against a requirement of 407 MLD, a TOI report stated. While in Ghaziabad, the city faces a worsening water crisis, particularly during the summer, due to both a shortage of potable water and poor water quality. According to the civic body, there is a daily shortfall of 25 million liters per day (MLD). The city’s growing population has further strained its infrastructure. A 2019 NITI Aayog report warned that 21 Indian cities, including Ghaziabad, could exhaust their groundwater supplies within a few years, potentially impacting 100 million people.
28.05 / 10:39
markets
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ICO
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Jasmy Coin Price up +11% today, while Crypto Migration causes Mollars Token Presale to Erupt
There’s been a sea of green on CryptoBubbles over the last 24 hours. Most of the cryptomarket is in a positive space. Surprisingly however, it’s not just memecoins and the usual alts. Instead, JasmyCoin is taking a lead in the market gains category, rising +11% in value since Sunday.
28.05 / 09:31
markets
Gap
Remark
trends
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Explained: Why is Indian market breaking record highs in May despite FPI outflows?
₹35,000 crore in May so far. This move is attributed to multiple factors, including high valuations in the Indian market, a shift in investment focus towards China and Hong Kong due to their comparatively lower valuations, delays in anticipated interest rate cuts by the US Federal Reserve, rising US bond yields, heightened tensions in the Middle East, and the strength of the US dollar.Despite these significant outflows, the Indian stock market has displayed remarkable strength and resilience.
28.05 / 09:31
markets
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hospital
reports
International
Up 36% from IPO price, SMIFS sees another 60% upside in this hospital stock
₹650, implying an upside of 60 percent from its current market price of 406.75, as on May 27, 2024."Currently, the stock is trading at a comforting valuation on FY26E EV/EBITDA of 12.7x. Given Yatharth's significant growth opportunities in its local market and its pledge to increase revenue without sacrificing return ratios, there's a clear sign that the gap in valuation from peers is likely to wane in the coming times.
28.05 / 09:31
Racing
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Diversity
Inside
reports
Iran shifts focus to presidential election after mourning Ebrahim Raisi
Ayatollah Ali Khamenei, the lead-up to the early vote on June 28 has prompted a diverse array of hopefuls from various political factions to enter the fray.The registration for presidential candidates will start on Thursday.Iranian lawmakers on Tuesday reaffirmed their choice of former Revolutionary Guards commander Mohammad Baqer Qalibaf as the speaker of parliament. Qalibaf had been touted as a potential candidate in the presidential race by insiders and Iranian state media, AP reported.Also Read: Who was Ebrahim Raisi? Protégé of Iran's supreme leader Ali KhameneiUltraconservative Raisi, who had over a year remaining in his first term, passed away on May 19 in a helicopter crash, along with his foreign minister Hossein Amir-Abdollahian and six others.
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