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The shooting occurred around 6:45 a.m. (ET) outside the Hilton on Sixth Avenue, where the company's annual investor conference was about to take place. Thompson was rushed to a nearby hospital, where he was pronounced dead. Police said the gunman remains at large. «This does not appear to be a random act of violence,» New York City Police Commissioner Jessica Tisch said at a press conference. «Every indication is that this was a premeditated, pre-planned, targeted attack.»

drug samples tested for quality, 2,988 have been declared as not of standard quality and 282 were found to be spurious, according to government data for the year 2023-2024. Prosecutions were launched in 604 cases for manufacturing, sale and distribution of spurious drugs, the data revealed. The government has been running a major drive against spurious and substandard drugs. As per the data from the Central Drugs Standard Control Organisation (CDSCO) there are approximately 10,500 units in the country which are manufacturing different types of dosage forms and APIs. «The govt has been carrying out raids in pharmaceutical companies in various states and those which were found to be in violation of regulations and were issued show cause notices,» said a senior person in the know.

The centre, which promoted several local talents, was burnt down by Islamists after the then PM Sheikh Hasina's ouster and no action has been initiated against perpetrators, senior sources pointed out. The Indian diplomats in Dhaka have also faced life threats in the days after Hasina's ouster, following which Bangladesh Army had to provide protection, a source recalled. Security had to be beefed up near the residences of the diplomats and chancery as local police failed to act and some staff from the Indian diplomatic mission in Dhaka were also recalled.

public sector banks (PSBs), other ministries and investigating agencies, including Central Bureau of Investigation (CBI), for expeditious and effective investigation in bank fraud cases. In a statement the finance ministry noted that enhance inter-departmental cooperation among different departments, CBI and PSBs for expediting investigation will have salutary deterrent effect and is likely to further catalyse resolution of stressed banking assets. «All measures were discussed for expeditious investigation in bank fraud cases,» it said noting that amendments made to Prevention of Corruption Act, 1988, to prevent investigation and prosecution of bankers for bonafide decisions has had a positive impact.

Vodafone Idea (Vi) has scheduled a board meeting on December 9 to consider upto a Rs 2,000 crore fundraise via issuance of equity shares and or convertible securities on a preferential basis to co-promoter, Vodafone Group Plc. The late night exchange filing came even as UK’s Vodafone announced plans earlier today to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus. “…a meeting of the Board of Directors of the Company is scheduled on December 9, 2024, inter-alia, to consider a proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group,” Vi said in a late evening exchange filing.

Muhammad Yunus on Wednesday urged the country's politicians to keep differences at bay and put up a united front to counter "Indian aggression". The Muslim-majority nation saw a student-led uprising in August, toppling autocratic premier Sheikh Hasina and ending her 15-year rule. India — Hasina's biggest international patron and the destination of her exile — has accused Yunus' administration of failing to protect minority Hindus, straining ties between the neighbours.

Nir Barkat has expressed profound gratitude to India for its unwavering support, highlighting Prime Minister Narendra Modi’s prompt solidarity following the October 7 terror attacks. Speaking to ET on a visit to India to push investment and technology partnership Barkat elaborated on Israel’s innovative economic model, which identifies six key clusters driving exports. These include advanced manufacturing, life sciences, and high-tech and desert-tech sectors. The approach involves aligning infrastructure to these clusters, creating specialized facilities like labs that cater to multiple startups. For instance, shared laboratories for agri-tech companies not only reduce costs but also foster a collaborative ecosystem, Barkat noted.

Eli Lilly’s weight loss drug, Zepbound, has been shown to lead to more significant weight loss than Novo Nordisk’s Wegovy, according to results from a new clinical trial. The study, funded by Lilly, is the first to compare the two drugs directly, providing valuable insights into their efficacy for weight loss. Lilly announced the results on Wednesday, claiming that Zepbound outperforms Wegovy, which has been a leader in the weight loss market.

Department of Telecom (DoT) has sought views on norms for allocating satellite spectrum from sector regulator Trai, Parliament was informed on Wednesday. The government has decided to allocate spectrum for satellite communication services through an administrative mechanism while telecom operators are required to purchase the radiowaves through auction. Minister of State for Communications, Pemmasani Chandra Sekhar in a written reply to the Lok Sabha said that spectrum assigned administratively are also chargeable and hence contribute to revenue.

Salesforce shares climbed about 11% to a record high on Wednesday after the customer relationship management software maker topped quarterly sales estimates and provided an upbeat forecast for its newly launched AI-integrated products. The company is banking on Agentforce to reenergize its growth as tech firms tap into rising demand for AI agents that can autonomously complete tasks. «We came away more confident about CRM's initial success driving its Agentforce AI agent builder platform across the enterprise space,» said Angelo Zino, senior equity analyst at CFRA Research, adding that it would drive upside by the second half of next year and in 2026.

Mutual Fund (MF) debt exposure to NBFCs, which includes their subscriptions to Commercial Papers (CPs) and corporate debt has hovered over Rs 2 lakh crore for more than six months. Their outstanding debt exposure touched Rs 2.33 lakh crore in October 2024, a year on year (y-o-y) increase of 47.1 percent. Though the break-up of iexposure to CPs and bonds Is not available, experts say that NBFCs have seen a higher growth in resources raised through bonds than CPs. NBFCs reduced issuances due to concerns on the sustainability of high growth in their loan portfolio, according to Care Edge Ratings. In comparison, bank lending to NBFCs, which has been a major source of funding for NBFCs rose 6.4% y-o-y growth which has reduced to nearly a third when compared to the growth rate reported in October 2023. Bank lending to the sector has remained in the range of Rs 14-15 lakh crore since November 2023 when the Reserve Bank raised risk weights on bank lending to NBFCs.

Rob Dixon, who has already served as an equerry to Prince William since the year 2020 eventually announced his departure from the role in an emotional LinkedIn post while stating it was ‘time to move on’, reported People. According to People, in his message, Rob Dixon expressed his gratitude for the ‘incredible opportunity’ to serve while highlighting how the role allowed him to grow and contribute alongside a talented team. He also reflected on significant events during his tenure which included the funerals of Prince Philip and Queen Elizabeth II, the Platinum Jubilee celebrations and King Charles III’s coronation. Also Read: This property in the US is the most expensive; here is its whopping cost, is it worth that much? Finding a buyer may be difficult

Indian Beverage Association (IBA), which counts Coca-Cola, Dabur, PepsiCo, Reliance Consumer Products and RedBull as members, said it is “concerned” over a likely further increase in the goods and services tax (GST) rate on aerated drinks. “We have zero-sugar products taxed at 40% today. We have made representations at all levels to the government, including to the GST Council, but taxation remains a bottleneck at all levels,” C.K. Jaipuria, chairperson of the IBA, said at a National Beverage Conclave on Wednesday. According to media reports earlier this week, a group of ministers (GoM) has recommended increasing GST rates on carbonated beverages, cigarettes and tobacco to 35%. As of now, all carbonated drinks are taxed at 28% and an added compensation cess of 12%, which takes the overall tax on the category to 40%.

US services sector activity slowed in November after posting big gains in recent months, but remained above levels consistent with solid economic growth in the fourth quarter. The Institute for Supply Management (ISM) said on Wednesday that its nonmanufacturing purchasing managers index (PMI) slipped to 52.1 last month after surging to 56.0 in October, which was the highest level since August 2022. Economists polled by Reuters had forecast the services PMI easing to 55.5. A PMI reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of the economy. The ISM views PMI readings above 49 over time as generally indicating an expansion of the overall economy.

Assam Chief Minister Himanta Biswa Sarma announced that a Cabinet expansion would take place on December 7 next. Assam cabinet meeting on Wednesday approved the unveiling of projects worth Rs One lakh crore project Another decision taken by the Cabinet is to convert the four-lane stretch of road leading to Lokapriya Gopinath Bordoloi International Airport to a six-lane one. An additional amount for Rs.116 crore for the six-lane road has been allocated from the state budget. The estimated cost for the project will be Rs.474 crore. The Cabinet decided to institute a separate literary award after noted litterateur Dr Homen Borgohain for those who are getting government pension. A one-time assistance for Rs.50,000 will be given to those who are already receiving any other pension. It was decided that the monthly literary pension will be given to individuals except government employees.

Indian Meteorological Department (IMD) issued a yellow alert for the city, warning of more rains in the coming days due to Cyclone Fengal. Despite the adverse weather conditions, there has been no official announcement regarding school closures in Bengaluru for Thursday.

Rajya Sabha Wednesday passed The Boilers Bill, 2024 which seeks to repeal the century old Boilers Act, 1923 and decriminalise seven offences to promote ease of doing business. The Bill would provide for the regulation of boilers, safety of life and property of persons from the danger of explosions of steam-boilers and uniformity in registration. The Union Cabinet had cleared the bill in August. “The Boiler Bill, in a way, keeps the country safe and secure. It provides for a clear and transparent regulatory mechanism and sets accountability,” said commerce and industry minister Piyush Goyal.

Assam Cabinet meeting has decided to ban beef in hotels, restaurants and public places in the state. Assam chief minister Himanta Biswa Sarma after the cabinet meeting held in New Delhi said, “What we started three years back consumption of beef was banned within a radius of 5 km of temple, Satra. Today we have taken a step ahead and decided that beef will be banned in hotels, restaurants and will not be served in public places.” He added, “Assam government has passed the Cattle Preservation 2021 Act, and we have had a lot of success.”

Hegseth’s second marriage to Samantha Deering ended in 2017 after he fathered a child with Fox News producer Jennifer Rauchet. The pair married in 2019 at a Trump golf course in New Jersey. These personal controversies have raised questions about Hegseth’s character and suitability for overseeing a defense budget of $900 billion and 1.3 million active-duty personnel. Also Read: Who is the crypto king who ate a $6.2 million banana? Here's what he has done to impress Donald Trump

US officials told the ABC that Chinese hackers have exploited weaknesses in the communications networks of the nation's top telecommunications companies. The FBI and Homeland Security acknowledged the breach, stating China stole a “large amount of data.”