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Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years. She will be the bank's first female chief executive and also the first to be appointed from within the ranks of the bank.

Supreme Court on Thursday said it has listed for hearing on August 9 a plea challenging the verdict of the Bombay High Court which had upheld a decision of a Mumbai college to impose a ban on wearing of 'hijab', 'burqa' and 'naqab' inside the campus. A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra took note of the submissions of a lawyer that the term exam is commencing from today and the students, belonging from a minority community, are bound to face difficulties due the instructions on dress code. Lawyer Abiha Zaidi, appearing for petitioners, including Zainab Abdul Qayyum, sought urgent hearing saying the unit tests in the college are commencing. «It is coming up tomorrow (Friday). I have listed it already,» the CJI said.

The South Korean crypto exchange GOPAX could lose its right to offer fiat-coin parings, a report claimed on August 7.

Waqf Act, 1995, aiming to curb the unbridled powers of Waqf Boards, powers that were further enhanced by a 2013 amendment. This move is intended to bring transparency and accountability in the regulation and monitoring of over 8.7 lakh properties controlled by state boards across India and to address issues of corruption. Here’s a comprehensive look at what Waqf comprises and the challenges in managing these assets.

Dipan Mehta, Director,Elixir Equities, says he is in a wait-and-watch mode, sitting on a little with a bit of cash expecting a correction as are so many other professional investors. We do not know whether this particular correction is over and done with or that it can deepen further because so long as the market does not create a fresh new high, the risk always remains that this correction can particularly deepen. Once again, it has proved to be a very short-lived correction in the market after the Monday meltdown. Now we are practically back to where we left off. How have you dealt with the past two days? Dipan Mehta: Nothing, just stay put. We have seen such down days being immediately backed by ferocious buying as we have seen today. But let us see. We are in a wait-and-watch mode, sitting on a little with a bit of cash expecting a correction as are so many other professional investors. We do not know whether this particular correction is over and done with or that it can deepen further because so long as the market does not create a fresh new high, the risk always remains that this correction can particularly deepen.

Paris Mayor Anne Hidalgo did not mince words as she launched into an expletive-filled tirade against those who criticized the Olympic opening ceremony, defending the director and artists who put on the show.

Reliance Industries Ltd's media and entertainment unit recorded more than Rs 13,000 crore in revenue for the fiscal year ended March 31, as per the company's annual report and filings by multiple business verticals. Viacom18, the largest media entity of the conglomerate, posted a 75% jump in revenue to Rs 8,032 crore, even as it slipped into the red with a net loss of Rs 252 crore compared with a net profit of Rs 11 crore in the previous fiscal year, due to heavy investments in sports and streaming. RIL, along with its other subsidiaries, has a majority holding in Viacom18 after buying out Paramount Global's Rs 13.01% stake for Rs 4,286 crore. Viacom18 is in the process of merging with Disney's Star India to create India's largest media entity with an estimated valuation of more than Rs 70,000 crore. It owns and operates entertainment and sports channels under Colors and Sports18, besides the JioCinema streaming platform.

Canadians gearing up for a run at the fall housing market and existing homeowners with a mortgage renewal looming might see interest rates heading down in the weeks ahead thanks to recent market volatility, experts tell Global News.

Preamble of the Constitution in NCERT books figured in the Rajya Sabha on Wednesday with Leader of the Opposition Mallikarjun Kharge flagging the issue. Education Minister Dharmendra Pradhan, however, categorically stated that these reports were false. Pradhan said: «The Constitution's Preamble, Fundamental Duties, Fundamental Rights and National Anthemc continue to be part of NCERT books and all claims to the contrary were misplaced. Kharge maintained that he has been informed of newspaper reports stating that the Preamble of the Constitution may be removed from the syllabus. »I demand from the government that it should table documents on the changes made in the NCERT syllabus," Kharge said, adding that while on the one hand Modi bows to the Constitution, on the other hand he is trying to alter it.

Trump was on an unstoppable march, about to return to power, taking over from incumbent Joe Biden, who looked weak and hesitant. Then, a deranged individual shot at Trump, offering hundreds of memes, including one that said, 'Man shoots, misses Trump, wounds Biden'. For that's what happened. With a halo around him, Trump's return seemed inevitable. In Milwaukee, he spoke of unity and then reinforced divisive tones at the Republican convention. He paraded his vice-presidential nominee James D Vance, with his 'exotic' Indian wife, the Yale-educated Usha Chilkuri. Like her husband, she once hated everything Trump stood for, but was now going to support him.

Around the world, endgames are looming in four high-stakes political, environmental and military disputes. The results will resonate well beyond the immediate protagonists.

Pixel Update bulletin for August, the security patch includes fixes for 11 vulnerabilities as of the August 1 release and an additional 35 issues addressed in the August 5 update. Notably, this patch resolves problems that could allow unauthorized privilege escalation without requiring extra execution rights.

Read this | A guide to capital gains tax on property sales: Navigating pre-, post-2001 rules Mayank Mohanka, founder of TaxAaram India and partner at S.M. Mohanka & Associates, agreed. "The Notice of Amendments specifically states that the revised provision is to be inserted after line 37 of page 39 in the Finance Bill, 2024, right after the clause for resident individuals and HUFs.

Honda has reported an 8.7% increase in its fiscal first quarter profit as strong sales of hybrid vehicles in Japan and the U.S., and motorcycles in India and Brazil, boosted the Japanese automaker’s earnings

A railroad company wants to use eminent domain to condemn property in one of Georgia's poorest areas

Noah Lyles wasted no time

«There may be years where you might see a muted volume growth of about 5-6-7%, but the value growths are far more higher and that is probably reflected in some of the results, like the Maruti results that we have seen for the last the entire financial year 24 and also the first quarter of financial year 25, where the value growth in terms of the revenue, gross profit, EBITDA, is in high double digits,» says Sachin Shah, Emkay Investment Managers. Let us begin by discussing the auto space itself. Quite a few launches lined up. There is the expectation of rural recovery as well. But at the same time, these stocks have run up quite substantially over the last couple of years in terms of the stock price. How do you weigh the risk-reward for this sector right now? Sachin Shah: So, clearly, within the auto, we have three large segments. One is, of course, the passenger vehicles, then you have two-wheelers, and then commercial vehicles. All the three segments have done exceedingly well in the last two-three years now. And the underlying theme between particularly in the passenger vehicle segment which is what you were referring to earlier is largely the game of premiumisation.

Manish Gunwani, Head-Equity, Bandhan AMC, says while they own PSUs, they do not trust any single PSU too much, because the government has a habit of changing regulations periodically. So, they have a string of pearls in select PSUs, 1-1.5% kind of holdings. Gunwani says Bandhan AMC’s bigger overweights right now are healthcare, internet, and telecom on the defensive side and real estate, power, and capex-related stocks on the cyclical side. What do you make of the construct of the market? We had a scary fall on Monday and looks like a lot of collateral damage has already been done. Manish Gunwani: I would prefer to be a bit cautious. A lot of returns are being made in cyclical sectors and tactically it is because of valuations and the Indian rupee has also outperformed a lot. Also, given the election result, the policy focus is still to be seen. So, overall, in a bull market, there are periods where one needs to be tactically cautious. We will go through some consolidation. I do not expect any big drawdown because liquidity looks fine.

"EPC margins have been under stress because there was a lot of inventory that was lying with us, which we had procured last year before the 31st March deadline and those are now getting utilised in various projects," says Praveer Sinha, CEO & MD, Tata Power. Just looking at your numbers, while Mundra did well, the renewable PLF was low and lesser margins across the solar EPC as well. When do you anticipate better performance from renewable energy generation specifically? Praveer Sinha: Well, this is the 19th consecutive quarter in which we have shown growth impact. And I think the way the company is structured now and the foundation that has been laid, you can expect only better results going forward. As you mentioned, Mundra has been cost reflective because it is operating under Section 11 and this will continue for at least one more quarter if not more. The second is we are also seeing an uptake in our renewal business. EPC margins have been under stress because there was a lot of inventory that was lying with us, which we had procured last year before the 31st March deadline and those are now getting utilised in various projects.

«So, the last two days was a very good buying opportunity. Today, intraday, we may be seeing a little bit of selling, but I think things have stabilised here. Most global markets have started to rebound and we should be heading higher from here,» says Rohit Srivastava, Strike Money Analytics. Last two days, sell-on-rally is the kind of market we have seen. Are you representing the bulls who have been struck? Or are you from the bear side? Whom do you represent today? Rohit Srivastava: I think the last two days, we have a complete bunch of readings, which are extremely oversold. We have our own proprietary swing indicator, which reached a reading of 3 on Monday and our average swing which reached a reading of 11.

Mysuru (Karnataka): Questioning veteran BJP leader B S Yediyurappa's «moral right» to demand his resignation in connection with the Mysuru Urban Development Authority (MUDA) site allotment 'scam', Chief Minister Siddaramaiah on Wednesday urged that the former should retire from public life as he is an accused in a Protection of Children from Sexual Offences (POCSO) Act case. Yediyurappa had recently demanded that Siddaramaiah has to resign before the BJP-JD(S)' protest march from Bengaluru against the MUDA site allotment 'scam' reaches Mysuru. The week-long Bengaluru-Mysuru padayatre (foot march) has sought to highlight the alleged fraudulent allotment of sites to land losers by MUDA, including to Siddaramaiah's wife Parvathi. «Yediyurappa has been accused in a POCSO case, chargesheet has been filed. Because of the court's mercy he is outside and not in jail. One cannot get bail in such cases,» Siddaramaiah said. Addressing reporters here, he said, «What moral right does Yediyurappa have? At this age he is caught in a POCSO case...He should retire from public life. At 81 years of age he is accused of sexually assaulting a girl and is caught in a POCSO case… First let him retire from public life. There should be truth (in allegations against me) to seek my resignation.»