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BEIJING — The market for initial public offerings in Hong Kong is set to improve significantly over the next five years, starting in the second half of this year, George Chan, global IPO leader at EY, told CNBC in an interview Wednesday.

uneventful and saw limited bidding war. Only 1.3% of the total spectrum on offer was sold, a result of a cautious strategy adopted by telecom companies as their investment in the 5G spectrum is yet to reap good rewards. Limited additional investments in the recent auctions, along with the recent tariff hikes companies have taken is expected to improve their cash position.

A former investment advisor has been found liable for defrauding members of his religious community out of hundreds of thousands of dollars through a years-long deception, according to the SEC.

The project will be pioneered by the Centre of Investing Innovation and focus on expanding the range of securities for the firm's investment teams to review. FIF 2024: 'Nobody is actually doing AI' As well as customising a large language model, researchers from the Schools of Informatics and Maths at the University plan to add a ‘statistical brain', with the purpose of delivering «more timely and richer insights», according to an abrdn spokesperson. Echo Yang, investment director at abrdn and co-lead of the project, said: «There is an ever-increasing range of data points to analyse...

Cardano is a proof-of-stake blockchain platform aiming to bring about positive global change and redistribute power from unaccountable structures to individuals.

Dalmia Bharat with a target price of Rs 2205. The current market price of Dalmia Bharat Ltd. is Rs 1866.15. Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 34983.26 Crore) operating in Cement sector.

UK Parliament will welcome a record 29 MPs of Indian descent following the 2024 general election. Labour emerged as the leading party for People of Indian Origin (PIO) MPs, securing 19 seats, a notable increase from previous terms. Labour's Dominance and New Faces Labour celebrated a substantial victory with 12 new PIO MPs joining their ranks. Among the notable retainers are Lisa Nandy, Nadia Whittome, Navendu Mishra, Preet Gill, Valerie Vaz, and Seema Malhotra, who comfortably held onto their seats. Tanmanjeet Singh Dhesi retained Slough with a reduced majority, while Thangam Debbonaire lost Bristol Central to the Green Party, highlighting competitive contests within Labour strongholds.

Most bullish factors are priced in bullion now and we believe that after registering strong gains in the last three months, bullion prices are likely to witness a correction in the short term, Anuj Gupta, Head Commodity & Currency at HDFC Securities said. In the long term, he remains bullish expecting this precious metal to test Rs 78,000-Rs 80,000 levels by the end of the year. Edited excerpts: Gold has given 13% returns in H1CY2024 amid ups and downs. How will you rate its performance during this period against your expectations? Gold's rally has been more than what Nifty has delivered till date. The gains have been on account of bullish buying by major Central Banks across the world. Moreover, geopolitical tension and fear of slow down in Europe and the US also played their part. All these factors have been positive for gold being a safe haven for investors. On the flip sided equities and Nifty have suffered as a consequence of this.

Mbappé and France advanced to the European Championship quarterfinals after Randal Kolo Muani's deflected shot secured a 1-0 win over Belgium on Monday. Kolo Muani sent in an effort in the 85th minute that looped up off Belgium defender Jan Vertonghen and over stranded goalkeeper Koen Casteels. France will play Portugal or Slovenia in the quarterfinals on Friday.

Two aid workers have been killed in eastern Congo when their convoy was attacked

Imran Khan said on Friday that his party would take part in the official consultative meeting regarding a new operation against militants after a dramatic spike in the attacks by rebels against the security forces in recent months. Prime Minister Shehbaz Sharif last month announced the launch of 'Operation Azm-e-Istehkam' to stem the tide of militancy in the country. However, the idea of a new military offensive received a cold response from several political parties, including Khan's Pakistan Tehreek-e-Insaf (PTI). To blunt the criticism about the new operation and win broader support, the government has decided to take into confidence all political parties regarding the new military strategy and hold an All Parties Conference (APC) on the new operation against terrorists.

Hathras claimed the lives of 121 people, the Sub Divisional Magistrate (SDM) of the Sikandra Rao division of the district submitted a prime facie report to the District Magistrate of Hathras on Wednesday. The prime facie report suggests that the stampede occurred as devotees rushed to seek blessing from 'Bhole Baba', the preacher at the religious congregation Satsang, as he was about to leave the venue after the prayer. The preacher 'Bhole Baba' identified as Suraj Pal is also known by the names of Narayan Sakar Hari and Jagat Guru Vishwahari.

Roundhill Investments is completely waiving the fee for its $5.6 million cannabis fund as US regulators move to reclassify marijuana as a less dangerous substance.

Germany's top security official says the country will bar the use of critical components made by Chinese companies Huawei and ZTE in core parts of its 5G networks in two steps starting in 2026

Authorised as a Major Payments Institution, the licence enables Paxos to issue stablecoins in line with MAS’ upcoming stablecoin framework. Singapore becomes the third market, alongside the US and United Arab Emirates, that Paxos and its related entities are approved to issue stablecoins.

security forces was helping families of eight SIMI activists killed in an encounter with police in 2016, a senior official of the Madhya Pradesh Anti-Terrorism Squad said on Monday. The ATS last week arrested Faizan Sheikh, a mechanic who was influenced by the ideologies of the Indian Mujahideen (IM) and the Islamic State (IS), from the communally-sensitive Khandwa town. «Sheikh was bringing together and helping the families of SIMI activists killed in an encounter with police. He conducted recees to carry out lone-wolf attacks on police personnel in Khandwa town,» Inspector General (IG-ATS) Ashish told PTI. The accused was arrested on July 4 and remanded to ATS custody for five days, he said.

White House account on social media site X had some embarrassing moments when one of the posts went viral for all the wrong reasons. The official handle @POTUS was commenting on a judicial verdict pertaining to energy exports. In recent times, the Biden administration has put a temporary hold on the exports of Liquified Natural Gas (LNG) due to environmental reasons. Many of the Republican states have opposed this judicial verdict. The post on X has now been deleted after the faux pas was observed by social media users. Here is what transpired. Post on X: The official handle @POTUS was commenting on a ruling by a court in the state of Louisiana which lifted the Biden’s administration embargo on exports of LNG. He termed the decision of the court as incredibly disappointing. He assured the people that he will do his best to work towards ensuring energy security as well as protection of the environment.

Tube Investments of India Ltd. traded 1.87 per cent up at Rs 4232.95 at around 02:09PM (IST) on Friday. The stock had closed at Rs 4313.7 in the previous session. Equity benchmark Sensex traded 316.14 points lower at 79733.53 around the same time.

Stocks that were in focus include names like KIMS, which rose 3%, Nykaa, which gained 0.11%, and M&M, whose shares declined 6.69% on Wednesday.

Quant Small Cap Fund in its June portfolio has increased its stake in Adani Power and HDFC Bank. On the other hand, it decreased its exposure in Life Insurance Corporation Of India and TV18 Broadcast. It made a complete exit from Adani Green Energy in June. The fund added around 45.25 lakh shares of Adani Power taking the total number of shares to 1.10 crore in June from 64.83 lakh in May. Also Read | Quant Mutual Fund investors withdraw Rs 2,800 crore amid Sebi probe: Report

Mankind Pharma surged 4% to today's high of Rs 2,187.85, while those of Delhivery rose 2% to its day's high of Rs 403.65 on the BSE after a stake was offloaded in the companies via block deals. Hema CIPEF (I), an affiliate of the US-based Capital Group, likely sold a 0.9% stake in Mankind Pharma through block deals, while Canada Pension Plan Investment also reportedly offloaded a 3.17% stake in Delhivery. However, the official parties involved in the transaction are not yet known.