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trigger the crash. However, experts have assured users that this issue does not pose any security threat.

Adani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) through the insolvency resolution process. The company has admitted liabilities of Rs 15, 633 crore. Gautam Adani promoted listed power company had proposed to pay Rs 4,101 crore to acquire it through the bankruptcy process. “Successful acquisition and implementation of the resolution plan for acquisition of LAPL will advance APL's (Adani Power) position as India’s leading private sector power producer, with a combined operational power generation capacity of 15,850 MW,” said Adani Power in its stock exchange filing on Thursday.

Nest Seekers International chief economist Erin Sykes weighs in as high interest rates continue to hurt the housing market on The Bottom Line.

Amazon Prime Video has started production on its new series, "The Assassin," featuring Keeley Hawes and Freddie Highmore. The six-episode thriller is currently filming in Greece and promises to deliver an engaging storyline with a mother-son duo at its core.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Stocks wavered as traders weighed the latest economic reports for clues on the outlook for Federal Reserve rates in the run-up to Jerome Powell’s speech Friday.

Monetary Policy Committee (MPC) member Prof. Jayant Varma raised concerns over the impact of the current monetary policy stance on the country's economic growth, the minutes of August meeting showed on Thursday. He argued that the policy, which he believes is excessively restrictive, is sacrificing growth potential at a time when India's economy could be accelerating. Varma, an external member of the MPC, had voted for a cut in repo rate during the meeting which took place on August 6-8. The committee, however, decided to keep the policy rate unchanged at 6.50 per cent with a 4:2 majority.

Raveendran, the embattled founder of Byju's, appeared close to settling his company's payment dispute of Rs 158 crore with the Indian cricket board after approval by the National Company Law Appellate Tribunal (NCLAT). However, on August 14, theSupreme Court intervened by staying the NCLAT order that had approved the settlement agreement between Think & Learn Pvt Ltd--Byju's parent company--and the Board of Control for Cricket in India (BCCI), adding to the woes of the troubled edtech firm. On Thursday, the apex court rejected pleas by Byju's and BCCI to halt a meeting of the Committee of Creditors (CoC) in its ongoing insolvency case. The court will hear the matter next on August 27.

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Monetary Policy Committee (MPC) meeting on Friday, highlighting that the headline inflation has seen upward movement in June to 5.1 per cent, as food inflation pressures increased and offset the impact of subdued core (CPI excluding food and fuel) inflation and deflation in the fuel group. On future indicators, the central bank said in its statement that headline inflation in July and Q2 of the current financial year are expected to be lower, given their base effect advantage; but with food inflation pressures showing little signs of abatement in the near-term, and household inflation expectations picking up, monetary policy has to remain vigilant to potential spillovers of food price pressures to the core components. «This is critical for the ‘last mile of disinflation’ and anchoring of inflation expectations. Food inflation may soften due to good monsoon, steady improvement in kharif sowing, rising reservoir levels and a likely favourable rabi season output. Uncertainty, however, comes from frequent recurrence of adverse weather events, resurgence of geo-political tensions and financial market volatility. Further, core inflation might just have bottomed out,» the statement read further.

Zerodha has introduced a new privacy mode feature for its website, where users can secure details, profit and loss (P&L) and other sensitive information. Zerodha says the feature will help investors not to overtrade as constantly seeing real-time changes in the P&L can often be distracting and may be tempting to overtrade.

«It’s not a matter of if, it’s a matter of when,» small business owner Payton Jones told Jason Rantz about when the public will become victims. (Credit: @jasonrantz via X)

QI Research CEO and chief strategist Danielle DiMartino Booth discusses how the Fed can get the U.S. economy back on track on 'The Big Money Show.'

demand from local banks and corporates. A moderate rise in the dollar index also added to the weakness in the rupee. The local currency ended weaker by 3 paisa, ending at 83.95 versus the US dollar, as against its previous close of 83.922/$1, LSEG data showed. The rupee moved in a tight band of 83.937/$1 and 83.965/$1 on Thursday.

Reliance may force the companies to sell some lucrative cricket broadcast rights or commit to advertising price caps. Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers. Neither the companies nor the regulator have commented as the process is confidential.

HDFC Asset Management Company Ltd. gained 1.07 per cent to Rs 4436.6 at 12:48PM (IST) in Thursday's trade. The stock has hit a high of Rs 4438.7 and low of Rs 4365.0 so far during the session. The stock had closed at Rs 4389.45 in the previous session. The counter has had a total traded volume of 28450 shares so far with a value of Rs 12.59 crore on the NSE. It traded at a price-to-earnings multiple of 45.71 and a price-to-book ratio of 11.32.

Amit Khurana, Head of Equities, Dolat Capital, says a serious outperformance by India from here in the near term, looks a little bit of a challenge. But India remains the best emerging market to play over the next few years. But near term, some normalisation is required to get to healthy market levels and price levels that one can enter.

According to minutes of their July meeting published on Wednesday (22 August), US central bank officials noted the incoming data had bolstered their confidence that inflation was «moving sustainably» towards the Federal Open Market Committee's 2% target, warranting a first cut as soon as next month. «The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting,» the July report read. Fed rate setter calls for gradual interest rate cuts – reports However, most participants in the meeting added ...

Donald Trump's nearly USD 500 million civil fraud judgment, arguing there's «overwhelming evidence» to support a judge's finding that the former president lied for years about his wealth as he built his real estate empire. In paperwork filed ahead of oral arguments next month, New York Attorney General Letitia James' office said the current Republican nominee's appeal is awash in «meritless legal arguments» and ignores volumes of trial evidence showing that he and his co-defendants engaged in «fraud and illegality on an immense scale.» «On appeal, defendants tellingly ignore almost all their deceptions,» Assistant Solicitor General Daniel S Magy wrote in a 168-page submission to the state's mid-level appeals court known as the Appellate Division. Trump, his company and top executives including his sons Eric and Donald Trump Jr «created and used financial statements rife with blatant misrepresentations and omissions to maintain loans worth more than half a billion dollars and to generate over USD 360 million in ill-gotten profits,» Magy wrote.

Banijay Asia, part of content powerhouse Banijay Entertainment, has inked a deal with Sony Pictures Television, the global television production and distribution company, acquiring format rights to produce Indian remakes of five of its popular international scripted series. The five shows include Drop Dead Diva, La Prepago, Men At Work, Mob Doctor, and Rosario Tijeras. Drop Dead Diva is a blend of comedy and drama that follows the story of a fashion model who dies in a sudden car accident and reincarnates into the body of a brilliant, plus-sized lawyer.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...