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Reuters. China Railway has suspended several major train lines and Shanghai halted trains heading to Guangdong, according to local media.

Read hereThe Reserve Bank of India (RBI) Governor Shaktikanta Das-led rate-setting panel, Monetary Policy Committee (MPC), projected India's real GDP growth for FY 2023-24 at 6.5% with Q1 growth rate at 8%. According to economists who participated in a poll conducted by news agency Reuters, GDP growth is expected to beat the January-March quarter's 6.1% rate, with forecasts ranging from 5.6% to 9.1% range.Economists see the country's economic growth at a four-quarter high with the GDP estimated in the range of 7.8-8.5% in Q1FY24, almost in sync with the projection by the Reserve Bank of India (RBI) at its latest bi-monthly monetary policy committee (MPC).

labour market data raised expectations that the US Federal Reserve will not raise interest rates further. On Wednesday, the rupee ended 2 paise lower at 82.73 a dollar. Data showed US gross domestic product (GDP) increased at a 2.1% annualized pace in the last quarter, lower than the preliminary estimate of 2.4% growth.

Also read: HDFC AMC is launching a fresh edition of its Cancer Cure Fund in collaboration with ICS Atezolizumab, also known as Tecentriq, is an immunotherapy drug produced by Genentech, a Roche company. It works by enhancing a patient's immune system to identify and eliminate cancer cells. Traditionally, the drug is administered through intravenous infusion, which can take up to an hour and can be challenging for some patients due to difficulties in accessing veins.

Adani Group via «opaque» Mauritius funds that «obscured» involvement of alleged business partners of the Adani family, the Organised Crime and Corruption Reporting Project (OCCRP) said in an article on Thursday. Citing review of files from multiple tax havens and internal Adani Group emails, nonprofit media organization OCCRP said its investigation found at least two cases where the investors bought and sold Adani stock through such offshore structures. The OCCRP article comes after U.S.-based short-seller Hindenburg Research in January accused Adani Group of improper business dealings, including the use of offshore entities in tax havens such as Mauritius from where it said certain offshore funds «surreptitiously» owned stock in Adani's listed firms. Adani Group has called Hindenburg's claims misleading and without evidence and said it always complied with laws. Days following the January report though, Adani group stocks lost $150 billion in market value and remain down around $100 billion following a recovery in recent months after it repaid some debt and regained some investor confidence. In a statement to OCCRP, Adani Group said the Mauritius funds investigated by reporters had already been named in the Hindenburg report and the «allegations are not only baseless and unsubstantiated but are rehashed from Hindenburg's allegations.» «It is categorically stated that all the Adani Group's publicly listed entities are in compliance with all applicable laws including the regulation relating to public share holdings,» it told the OCCRP, according to the news article. Reuters has not independently verified OCCRP's assertions. Adani Group did not immediately respond to a Reuters request for comment on the OCCRP report.HINDEN

RBI) at its latest bi-monthly monetary policy committee (MPC). RBI Governor Shaktikanta Das-led rate-setting panel projected India's real GDP growth for 2023-24 at 6.5 per cent with Q1 growth rate at 8 per cent.

Elon Musk, Reuters reported Wednesday citing a Wall Street Journal report. Earlier, the WSJ had reported in July that Tesla board members had investigated whether company resources were misused on the effort.

HHS) has proposed a relaxation of the regulations surrounding marijuana, according to a report from Bloomberg News on Wednesday. The report cites a letter written to the Drug Enforcement Agency (DEA) administrator, Anne Milgram. The letter, authored by Rachel Levine, the US Assistant Secretary for Health, specifically requests the reclassification of marijuana from its current category to a Schedule III drug as defined by the Controlled Substances Act.

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(Reuters) — The Federal Reserve has issued a slew of private warnings to lenders with assets of $100 billion to $250 billion as part of increased efforts to tighten supervision, Bloomberg News reported on Wednesday citing people familiar with the matter.

By Paul Carsten

By Maria Alejandra Cardona and Marco Bello

₹947 crore ($114.7 million), news agency Reuters quoted exchange data. Part of Japan's SoftBank Group, the venture capital sold 100 million shares at 94.7 rupees apiece in bulk deals, the report added. According to the data from the National Stock Exchange, the firms who bought Zomato shares include International Monetary Fund, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs (Singapore), Invesco Mutual Fund and Kotak Mahindra Life Insurance.

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Hindustan Times quoting virologist Dr. Pavithra Venkatagopalan, Pirola variant appears to have undergone as many changes as the Omicron variant did from the Delta variant of the coronavirus. Prime Minister Narendra Modi's Principal Secretary PK Mishra chaired a high-level meeting to review the global and national Covid-19 situation, newer variants in circulation and their public health impact on Monday, a press release from the Ministry of Health and Family Welfare read.

Japan may never have children, a government institute said on Wednesday, in the latest data spelling an uphill battle to reverse a dwindling population in the world's third-largest economy. The National Institute of Population and Social Security Research (IPSS) estimated in a report that 33.4% of women born in 2005 would be childless. The most optimistic scenario had that number at 24.6% and the worst at 42%. Prime Minister Fumio Kishida in June promised to tackle the population crisis with «unprecedented» measures including bigger payouts for families with three or more children. A Kyodo News poll published shortly after, however, showed that about two-thirds of the public were not hopeful the policies would be effective. «With the rising cost of living, I don't think people feel they can afford to or comfortably say they want to have children,» 23-year-old Anna Tanaka told Reuters. The number of children in Japan has been falling for more than four decades as the appetite for marriage and parenting has waned and financial worries have grown, surveys show. The IPSS determines the expected percentage of childless women by taking into account factors such as age of marriage in estimating the fertility rate. Miho Iwasawa, the IPSS's director of population dynamics research, said people were getting married later, leading to a decline in births. In 2020, women got married for the first time at an average age of 29.4, or 3.9 years later than in 1985, government data shows.

Spain and Germany inflation releases could give some indication on the bloc's wider numbers due on Thursday. Inflation in Germany's most populous state, North Rhine-Westphalia (NRW), rose by 5.9 % year-on-year from 5.8% in July, supporting expectations that the European Central Bank's tightening cycle might not end soon. In Spain, consumer prices rose 2.6% year-on-year in August from 2.3% in July, and in line with the 2.6% expected by analysts polled by Reuters. Money markets raised their bets on a September rate hike from the ECB, pricing in a 60% chance of a 25 basis-point move. «A September hike at this stage could be more of a coin toss, but more importantly, we sense that the hawks will see it as a last chance to hike one final time,» said Benjamin Schroeder, senior rates strategist at ING. «One key input to arrive at a final assessment is the inflation data this week,» he added. The euro edged 0.1% higher to $1.0887. The dollar index — which measures the currency against six major peers including the yen and euro — slipped 0.1% to 103.47. On Tuesday, the dollar index slumped 0.39% for its worst day in a month-and-a-half, after a slide in JOLTS job openings to a 2-1/2-year low spurred traders to pare bets for further U.S.

El Nino will turn moderate in September and remain strong till December this year. A couple of days ago, Reuters reported India is poised for its lowest monsoon rains in eight years. "India is poised for its lowest monsoon rains in eight years, with the El Niño weather pattern seen crimping September precipitation after an August that is on track to be the driest in more than a century," Reuters quoted two weather department officials saying so.

Credit Suisse said it will reduce the volume of new markets business from Sept. 22 while UBS integrates its former rival, the bank said in a letter sent to clients, as the 166-year-old firm winds down trading in global securities.

investor and the Chief Executive Officer (CEO) of multinational conglomerate Berkshire Hathaway turned 93 on August 30, 2023. Buffet is the world's fifth richest man in Forbes Real-Time Billionaires’ list with a net worth of nearly $118.3 billion (as estimated by Forbes). Earlier this month, Berkshire Hathaway reported its best-ever quarterly results. Analysts were expecting its operating earnings to fall 8% on a revenue growth of 6%.