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Kim Yo Jong, the sibling of North Korean leader Kim Jong Un, described the recent live-fire drills conducted by South Korea as «suicidal hysteria» and vowed to take military action without giving details. Her warning came after two weeks of tense land and sea border shooting drills between South Korea and North Korea. After South Korea halted a 2018 deal meant to lower military tensions on the front lines, these were the first drills of that kind, as per the reports of Yahoo News.

Netherlands, outgoing Prime Minister Mark Rutte bid farewell from his office in The Hague in a uniquely Dutch fashion—by bicycle. After a tenure spanning 14 years, Rutte has passed the baton to Dick Schoof, former intelligence chief, who took the oath of office in a ceremony presided over by King Willem-Alexander. Schoof's appointment marks a notable departure from the traditional political landscape, as he assumes leadership without affiliation to any party and absent from the recent electoral fray. Rutte, meanwhile, is poised to assume the role of secretary-general of NATO, a strategic alliance safeguarding member nations across Europe and North America.

Latin America to secure critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary in the mines ministry, said on Tuesday. Critical minerals like lithium are crucial in driving energy transition as they are essential for clean energy technologies, including wind and electric vehicles. Currently, New Delhi is heavily reliant on imports for its critical mineral supply. «We are having lots of discussions with many resource-rich countries in Africa as well as in Latin America for getting a block on a priority basis or government-to-government basis,» said Dermal.

Jaishankar on Wednesday met UN chief Antonio Guterres and discussed global hotspots and their larger implications apart from the reform of the UNSC. Jaishankar, who is here to represent India at the annual summit of the Shanghai Cooperation Organisation and carrying out various bilateral meetings on the sidelines, also met his Belarusian and Tajikistan counterparts Maksim Ryzhenkov and Sirojiddin Muhriddin respectively. «Always a pleasure to meet UNSG @antonioguterres. Appreciate his insights on the state of the world. Discussed global hotspots and their larger implications,» Jaishankar posted on the social media platform X. He further said that he spoke about the reform of the United Nations Security Council (UNSC), preparations for the upcoming 'Summit of the Future' in September, and future prospects for meaningful India-UN partnership.

H-1B visa system haul to the end of the year. The Department of Homeland Security (DHS) is gearing up to release several significant regulations, with the most anticipated being the modernization of the H-1B program. Earlier this year, U.S. Citizenship & Immigration Services (USCIS) shifted the H-1B cap lottery to selection by beneficiary rather than registration, alongside measures to prevent fraud. The next phase, slated for December 2024, will enhance cap-gap protections for F-1 students, revise the H-1B specialty occupation definition, expand the Fraud Detection and National Security site visit program, and ensure USCIS adjudicators defer to prior decisions.

Insolvency and Bankruptcy Code (IBC) reforms are expected to be announced in the finance minister’s forthcoming Budget speech. As the IBC is a complex business law on the solvency of corporate enterprises, it deserves priority attention. When the IBC was adopted by India in 2016, Parliament had intended that the time period for insolvency resolution be mandatorily limited to 330 days, inclusive of one extension and the time taken in legal proceedings.

market capitalisation of state-owned Mazagon Dock Shipbuilders crossed ₹1 lakh crore Thursday after the stock surged to a lifetime high of ₹5,623.50 on the BSE. Shares of two other shipbuilding companies Cochin Shipyard and Garden Reach Shipbuilders & Engineers also rallied 10% and 8.65%, respectively. Analysts attributed the rally to inflows from new defence-specific mutual funds and expectations of increased focus on the sector during the forthcoming budget.

Allied Blenders and Distillers listed on the exchanges on Tuesday with a premium of 14%. The stock debuted at Rs 320 on NSE as against an offer price of Rs 281. The IPO, which was a combination of fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares, was subscribed over 20 times at close.

interest rates are, it means different things to different people. Generally, the topic goes to where RBI sets interest rates (“kya lagta hi?”). Inflation and inflationary expectations will be discussed. More involved participants will look at where the 10Y Indian Government Bonds are trading. But as you come closer to the bond desk, the talk will move to the yield curve. So, the focus will be on which tenure security to take – referred to the point in the yield curve. This is because the shape of the yield curve constantly changes and provides opportunities to investors. Various strategies are adopted – barbell, bullet, on-the-run vs off-the run securities to try maximising returns/minimising pain. Now, the market has been divided into which part of the curve to remain focussed on, as the yield curve has flattened. Whether you take 1y Tbill or 30yGSEC, the rates are around 7%, give or take. The RBI repo rate as everyone knows, is 6.5% — the next move, we and the market believe, will be down, but the timing is not clear basis current inflationary dynamics. Some market participants therefore feel it is better to be in the shorter end (say 5Y) of the curve, as eventual rate cuts will result in curve to become steeper ie. 5Y yields will decline more than say a 15 year, but yet offer protection if the rates were to rise.

Securities Appellate Tribunal (SAT) on Wednesday directed Religare Enterprises (REL) to apply with the Securities and Exchange Board of India (Sebi) for the open offer made by the Burman family to raise its stake in the company. The tribunal, which hears appeals against the Sebi orders, however, stayed the show cause notice issued by the capital markets regulator to the financial services company and its board. In June, Sebi had asked Religare to apply with it the open offer proposal by the Burman family to purchase an additional 26% stake from the firm's public shareholders. Religare approached SAT against the Sebi directive.

Polls have closed in the presidential election in Mauritania

In the wake of a domain attack involving Squarespace, numerous DeFi protocols have released post-mortem reports and updates to inform their communities about the incident’s impact and their subsequent actions.

India’s recent inclusion in JPMorgan's Emerging Market Bond Index (EMBI) marks a significant milestone for our country's financial markets. As someone who has long anticipated this development, I believe it presents a compelling opportunity for fixed income investors to capitalise on the changing landscape. This move is not just another headline—it’s a fundamental shift that will reshape India's position in the global financial ecosystem.

UN Security Council members confronted Russia on Tuesday over a missile strike the previous day that destroyed part of Ukraine's largest children's hospital, pouring out condemnations at an emergency meeting chaired by Moscow's own ambassador. Russia denies responsibility for the strike at the hospital, where at least two staffers were killed. France and Ecuador asked for the session at the Security Council, but Russia led it as the current holder of the council's rotating presidency, putting Ambassador Vassily Nebenzia on the receiving end of the criticism. «Mr President, please stop this war. It has been going on for too long,» Slovenian Ambassador Samuel Zbogar appealed.

One aspect of Indian foreign policy under Prime Minister Narendra Modi that has stood out since he first assumed office in 2014 is the outreach he has made to countries New Delhi seemed to have little time for. Modi’s visits to West Asia have been the most remarkable, but his visit to Austria is another good example.

Keir Starmer led Britain's Labour Party to a landslide victory in the 2024 parliamentary election, taking over from the Conservatives after 14 years in opposition. Below are details on new Prime Minister Starmer and his freshly appointed team of senior ministers: KEIR STARMER, PRIME MINISTER

Delhi University (DU) is likely to be postponed to August 16, due to a delay in the release of the Central University Entrance Test (CUET-UG) results, Vice Chancellor Yogesh Singh announced on Saturday. Initially scheduled to start on August 1, the delay in the publication of results has disrupted the academic calendar. Vice Chancellor Singh said classes for other semesters will begin as per scheduled on August 1.

State Department Deputy Spokesperson Vedant Patel made the remarks on Monday at his daily news conference in response to a question on US-India relations and the recent conversation between President Joe Biden and Prime Minister Narendra Modi on the sidelines of the recent G7 Summit in Italy. «India is a country in which we are deepening our relations within a number of key spaces, especially as it relates to deepening our economic ties, deepening our security cooperation,» Patel told reporters.

Adani Power Ltd. gained 5.11 per cent to Rs 733.65 in Tuesday's trade. It hit a high of Rs 745.0 and low of Rs 696.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 542.15, while the 50-DMA was at Rs 693.57. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

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bypolls held in four assembly seats in West Bengal began on Saturday, amid tight security arrangements, an Election Commission official said. The counting of votes commenced at 8 am. «We have made adequate security arrangements in and around the counting centres. Apart from the state police, central forces are also deployed,» the official told PTI. The bypolls for Maniktala, Bagdah, Ranaghat Dakshin and Raiganj assembly seats were held on July 10.