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An illegal XRP exchange operator has been sentenced to jail for eight years in South Korea after duping investors out of almost $3.4 million.

Karnataka School Examination and Assessment Board is anticipated to imminently unveil the Karnataka SSLC Result 2024. Upon its release, candidates who sat for the Karnataka Secondary School Leaving Certificate Exams 2024 will have access to their results on the official websites at karresults.nic.in or kseab.karnataka.gov.in/english. According to some reports, the Karnataka SSLC 10th Result 2024 is expected to be announced today on May 9.

Tiger Woods will be the lone player on a five-member subcommittee that will be involved in negotiations with the Public Investment Fund, part of a busy day of governance as the PGA Tour tries to strike a deal with Saudi backers of LIV Golf. Woods was appointed to the PGA Tour board in August, making him the sixth player-director and the only one whose board term has no limits. The tour said Woods will be part of the «transaction subcommittee» on the board of PGA Tour Enterprises that will handle day-to-day negotiations as PIF seeks to become a minority investor. Also on the subcommittee are PGA Tour Commissioner Jay Monahan, board chairman Joe Gorder, John W. Henry of Fenway Sports Group and Joe Ogilvie, a former tour player appointed as a director liaison in March.

State Bank of India (SBI) among 69 companies will announce their results for the quarter ended March 2024 on Thursday. Other companies investors will watch out for include Asian Paints, BPCL and Indian Overseas Bank. Apart from the above, Abbott India, ADF Foods, Ajmera Realty, Alkyl Mines, Alps Industries, Alembic Pharma, ASI Industries, Balgopal Commercial, Capital SFB, Care Ratings, Escorts Kubota, Grand Foundry, Gopal Snacks, HPCL, IOB among others will also release their March quarter numbers.

stocks are under F&O trade ban on Thursday viz. Aditya Birla Fashion and Retail (ABFRL), Balrampur Chini, Biocon, GMR Airports and Infrastructure, Vodafone Idea, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

remuneration of Tata Consultancy Services (TCS) CEO and MD K Krithivasan in FY24 was Rs 25.2 crore, slightly less than former CEO Rajesh Gopinathan’s at Rs 29.16 crore in FY23. However, it is to be stated that Krithivasan’s remuneration “includes compensation for the full year, i.e. as Global Head of Banking, Financial Services and Insurance (BFSI) for April 1, 2023 to May 31, 2023 and as CEO and MD from June 1, 2023 to March 31, 2024”, reads the annual report of TCS that the company filed with the BSE on Thursday.

sighting of two alien creatures in Las Vegas last year has been confirmed. With this, it has been established that aliens were spotted and the video purportedly made showing them was not doctored, it was genuine. After technically analyzing the video, Scott Roder of 'Evidence Room' Animation and Exhibits told 'NewsNation' that the video had not been altered. Confirming that the video is original, it has not been edited, he said that he tried to see if there was something added to the video, but he found it authentic.

Hardeep Singh Nijjar, has said in a social media video that he entered Canada on a 'study permit' which only took him days to obtain, Canada-based global news reported. The accused, Karan Brar, in a video posted online in 2019, said he applied for a student visa through EthicWorks Immigration Services in Bathinda, in the Indian state of Punjab. He said he received his study visa days later, according to a translation of his Punjabi-language statement, as per Global News.

yellow rainfall alert for Karnataka's capital city on Wednesday, forecasting partly cloudy skies with occasional spells of rain or thundershowers until May 12. Heavy rainfall caused waterlogging in several parts of the city including Hebbal flyover towards the airport and Veerannapalya, Maharani underpass, Summanahalli, Vaddarapalya signal, Nagawara, Hebbal railway station, and Kamakshipalya areas. Trees were uprooted in Jayamahal Road, Kathriguppe signal, Gundu Rao Circle, Lingarajapuram Main Road, Mehkri Circle, PES College near Devegowda circle, Gangamma Circle, Hennur Main Road, and Malleshwaram.

Larsen & Toubro: The company reported a 10% rise in net profit for the March quarter, surpassing estimates with a profit of ₹4,396 crore. Despite a 5% decrease in order inflows in the last quarter, the company saw a 31% growth in order inflows for FY24, crossing ₹3 trillion. The company's consolidated order book stood at ₹4.8 trillion as of 31 March, a 20% increase from the previous year.

X.AI Corp. is set to close its funding round at a valuation of about $18 billion as soon as this week, according to people familiar with the matter.

Hardeep Singh Nijjar, has said in a social media video that he entered Canada on a 'study permit' which only took him days to obtain, Canada-based global news reported. The accused, Karan Brar, in a video posted online in 2019, said he applied for a student visa through EthicWorks Immigration Services in Bathinda, in the Indian state of Punjab. He said he received his study visa days later, according to a translation of his Punjabi-language statement, as per Global News.

MUMBAI Canara Bank, India’s fourth largest public sector bank by assets, reported an 18% increase in profit year on year led by growth in retail loans, other income and a sharp fall in provisions. Net profit increased to 3,757 crore in the quarter ended March, from 3,175 crore a year ago. Total advances increased 11% to 9.60 lakh crore, led by a 12% growth in retail loans and a 19% expansion in the financing of agricultural and allied activities. CEO K Satyanarayana Raju said the bank expects to deliver 11-12% loan growth in the current fiscal year despite conscious efforts to shed low-yielding corporate loans.

global macro conditions rebound over time. However, India will continue to benefit from outsized capital allocation and is expected to reach $80-100 billion in annual deployment over the next five years, Bain & Company partner Prabhav Kashyap told ET. This estimate compares to about $39 billion in 2023, as per a report by Bain & Company called India Private Equity Report 2024. Deal activity had reduced about 35% from $62 billion in 2022.

Indian outsourcing leaders will likely have to wait longer, perhaps until the start of FY26, for a revival in business as the US Federal Reserve could keep interest rates elevated in the world’s largest economy to ensure a lasting victory over politically uncomfortable inflation. High real rates could elevate hurdle rates for companies, potentially crimping growth in discretionary technology spends. “The Fed's hawkish approach is a double-edged sword. Higher interest rates could lead US clients to curtail discretionary IT spending, impacting revenue growth for Indian firms,” said Hansa Iyengar, senior lead analyst for UK-based IT research firm Omdia.

SBI, Asian Paints, BPCL, L&T, Bajaj Consumer, WPIL among others will be focused due various news developments and quarterly results. SBI, Asian Paints, BPCL, Indian Overseas Bank

India's data centre capacity is set to double to reach 2,000 MW by 2026, as the country transitions towards a developed market economy amid a rise in 'green energy' solutions, a report showed on Wednesday. The growth plans have also created substantial investment prospects, with a likely capex of ₹50,000 crore in this space over the next three years till 2026, according to the report by CareEdge Ratings.

Check out the companies making headlines in extended trading:

₹0.26cr. In the same period last fiscal year, Syschem India had reported a profit of ₹0.39cr.

Stocks that traded heavily or had substantial price changes on Tuesday: Kenvue, Crocs rise; Disney, Teradata fall

No, Katy Perry and Rihanna didn’t attend the Met Gala this year