Southern Financial News

intense rainfall activity, there is a possibility of landslides over these vulnerable hilly areas. Apart from that, flash flood chances are there as the intensity will be huge..." he added.

KEC International share price jumped more than 11% on Wednesday to hit a 52-week high after the infrastructure company secured new orders worth ₹1,012 crore across its various businesses. KEC International shares rallied as much as 11.22% to a 52-week high of ₹739.00 apiece on the BSE. KEC International said its civil business has secured orders from new clients in the Data centre and FMCG segments in India.

South Australian Premier Peter Malinauskas says it is a “disappointing state of play” that Qantas has not operated international flights out of Adelaide for 10 years, and to uphold its status as a national carrier it should reinstate them.

The mining of minerals critical to electric vehicle batteries and other green technologies in Congo has led to human rights abuses, including forced evictions and physical assault

The India Meteorological Department (IMD) Tuesday said several parts of the country including the northwest, central and south India are likely to witness light to heavy rainfall in the coming days due to low-pressure condition building over the northwest and west-central Bay of Bengal. The weather department said the low-pressure condition is likely to intensify and move further towards the coasts of Odisha and Andhra Pradesh, leading to widespread rain in northwest India.

Mining baron Anil Agarwal on Tuesday said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd «at the right valuation». Last week, Zambia agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, which is the parent firm of Mumbai-listed Vedanta Ltd. The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts. «Going forward, my thought is that we must maximize synergies between KCM and Vedanta Ltd's refining/smelter businesses in UAE & India,» Agarwal said in a post on X.

New Delhi: The India Meteorological Department (IMD) has forecast a low-pressure system developing over the northwest and west-central Bay of Bengal in the next 24 hours. The system is expected to intensify and move west-northwest across the coasts of south Odisha and North Andhra Pradesh, generating widespread rain in northwest India through Saturday. A trough extending from southwest Uttar Pradesh to the Bay of Bengal is likely to cause thunderstorms and isolated heavy rainfall over southern Uttar Pradesh today, and in Uttarakhand from Wednesday to Saturday.

Federal inspectors found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world's largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems

soya bean, sugarcane, moong and urad to overcome the damage caused by scanty rains in August, experts said, warning of poor yield, price increases, and food inflation. «Inadequate rainfall for more than a month now is adding to uncertainty for crop yields,» said Rahul Bajoria, managing director and head of EM Asia (ex-China) economics of Barclays.

Delhi High Court has directed the state government, MCD and DDA to explain how permissions were granted for new constructions in the Southern Ridge forest area where a multi-storey housing project has already come up. The high court was informed by the amicus curiae that there have been illegal construction activities being carried out in Chattarpur area within the southern ridge. «The counsel appearing on behalf of the Forest Department, Delhi government as well as counsel for MCD and Delhi Development Authority (DDA), are directed to file a detailed and exhaustive affidavit, explaining the grant of permissions in respect of new constructions in the Southern Ridge forest area, including but not limited to the housing project 'Risland-Sky Mansion',» a bench of Justices Satish Chandra Sharma and Justice Sanjeev Narula said. The high court was hearing a batch of PILs on the problem of poor ambient air quality in Delhi, an issue which it has also taken up suo motu and in which it has also appointed an amicus curiae (friend of the court).

US LBM Coaches Poll reveals some significant changes within the top five rankings for the second consecutive week, as per a USA Today report. Georgia continues to dominate the chart, maintaining its hold on the number 1 position, securing nearly all of the 65 first-place votes cast this week. Michigan remains firmly in the number 2 spot, receiving the sole remaining first-place vote. The landscape begins to shift at number 3, attributed to Alabama's recent defeat at home against Texas. Florida State swiftly climbs to the third position, surpassing Ohio State in the process. Meanwhile, Southern California advances to number 5, narrowly fending off Texas by a single point in the polls. The Longhorns' ascent of four places is noteworthy, driven by their impressive victory in Tuscaloosa. Penn State, Washington, and Tennessee maintain their respective positions, while the Crimson Tide experiences a substantial setback, plummeting seven places to number 10. They are merely 12 points ahead of Notre Dame. Duke and Colorado also make notable gains, securing the number 20 and number 21 spots, respectively. This marks a significant achievement for the Blue Devils, as they haven't held such a high ranking since October 25, 2015, and the Buffs achieve their highest rating since October 7, 2018.

– By Nirav Choksi

Awfis Space solution has added 11 new properties totaling 8,000 seats across major markets in South India as it looks to strengthen its foothold in the growing flexible and managed office space in the country. The firm has signed prime properties across Bengaluru, Hyderabad, Chennai, and Kochi with the region contributing around around 45% of the company's portfolio. Amit Ramani, CEO and Founder, Awfis, said, «The region presents numerous opportunities through its expanding real estate landscape. This expansion aligns with our strategic approach to target emerging business hubs, offering an enhanced workspace experience through our diverse range of products and services.

car giant BMW is to make a multi-million pound investment in its Mini plants in the UK, the government in London said Monday. The money will be used to «transform» BMW's plant in Oxford, southern England, «securing 4,000 high-quality jobs and strengthening the electric vehicle supply chain,» the government said in a press release. «BMW's investment is another shining example of how the UK is the best place to build cars of the future,» said Prime Minister Rishi Sunak. «By backing our car manufacturing industry, we are securing thousands of jobs and growing our economy right across the country,» he added, with his government having offered tens-of-millions of pounds in support for BMW. The first generation of the iconic British vehicle's electric model was launched at the Oxford plant in 2019, but last year BMW announced most of its electric cars would be made in China. The investment is expected to be used to make the plant fit for making electric vehicles, with all Minis set to be electric by 2030. «Today's announcement by BMW, coming a week after electric vehicle production started at Stellantis's site at Ellesmere Port, clearly shows that the government's plan for the automotive sector is working,» said Business and Trade Secretary Kemi Badenoch.

typhoon kept southern China drenched for the seventh day as slow-moving storm clouds drifted from Guangdong on the coast to Guangxi, flooding low-lying areas, blocking roads and trapping residents. In the rural county of Bobai in Guangxi region, rescuers on assault boats have scrambled to pull people to safety since Sunday night as water more than 2 metres (6.6 feet) deep stranded residents in low-rise homes, state media reported on Monday. Heavy rain is expected to persist in Guangxi over the next few days. Haikui has weakened from a typhoon to a tropical storm since making landfall in Fujian province on Sept. 5, but its residual circulation has continued to wreak havoc in southern China, with the populous city of Shenzhen deluged by the heaviest rain since records began in 1952.

British billionaire Joe Lewis has increased his holding in Australian beef giant AACo, a company he isaccused of illegally passing on secret information about in an insider-trading charge.

Joe Biden engaged in talks with Chinese Premier Li Qiang at the G20 summit held in New Delhi. This marks the most senior-level interaction between the US and China in nearly 10 months. Li Qiang stood in for President Xi Jinping, whose absence at the summit raised eyebrows.

Worries about gas shortages on the east coast could resurface this week as producers publish forecasts for the volume of uncommitted gas they have available over the next two years, with expectations they will expose a potential scarcity of supply.

MERSIN, Turkey (Reuters) — Rescuers raced on Sunday to rescue an American caver who had become trapped more than 1,000 metres (3,300 ft) underground in southern Turkey, moving him halfway to the surface.

India's allotment of Rs 120 billion for the extensive expansion and modernization of railway infrastructure in the northeastern region of the country will boost the eagerly awaited first-ever Bhutan-India railway link, Bhutan Live reported on Saturday. The Bhutan-based media outlet reported the fully funded Indian government's estimated Rs 10 billion project of 57.5-kilometre railway line will connect Kokrajhar in Assam to Gelephu in Sarpang, Bhutan. The project's anticipated completion date is set for 2026. Just a month ago, India's External Affairs Minister, S.

Voters in a southern Swiss region are casting their ballots to decide whether to allow large solar parks on their sun-baked Alpine mountainsides as part of the federal government’s push to develop renewable energies