Southern Financial News

The South Korean Supreme Court has upheld a guilty verdict for a group of former Coinone crypto exchange employees who took bribes to list altcoins on the platform.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday outlined an ambitious roadmap to transform the state to put it on the world map in the next five years and emphasised the significance of the Centre's backing for it. Naidu, who was in the national capital on a two-day visit, his first after taking oath as Andhra Pradesh chief minister last month, met Modi on Thursday and sought support for a seven-point development agenda aimed at addressing the state's post-bifurcation challenges. Interacting with the media at the end of his visit, the chief of Telugu Desam Party (TDP) — a key NDA ally — also touched upon the sensitive issue of minority reservations, acknowledging existing challenges. The regional party has already asserted that the reservation given to Muslims was for social justice and not appeasement and will continue in the state. Asked about the possibility of his party heading any central committee if proposed by the NDA, he said: «As and when needed, I am prepared. If there is any proposal from the NDA, I will think about it.»

Remnants of Hurricane Beryl are set to hit parts of Canada this week, bringing the threat of localized flooding for some.

The protesters also ransacked the station's neighbouring administrative office in Thursday night's incident in rural Sibi, in southern Balochistan province, where temperatures peaked at 45 degrees Celsius (113 degrees Fahrenheit). «People stormed the electricity supply office and ransacked it last night and a case has been lodged against them,» police official Anayatullah Bungulzai told AFP, adding that the group numbered up to 800 people.

Crypto exchange and derivative trading platform BitMEX pled guilty to violating the Bank Secrecy Act on Wednesday.

India Cements Ltd for ₹1,900 crore. This is a non-controlling financial transaction, but wide-held expectations are that this move would eventually lead to the acquisition of India Cements. For UltraTech, the Southern regions contribute the lowest capacity market share of 11%.

Russia’s crypto mining capacity could grow by a further 6.9 gigawatts (GW), the nation’s grid operator has claimed.

reconciliation forum. There is tension in the district.

Signature Global has reported Rs 2,700 crore sale from its project Titanium SPR, in Sector 71, Gurugram

chai paired with assorted fritters makes the perfect combo on rainy days. But, if a monsoon wine party is on the cards, consider serving bhajias with an acid-rich vino that cuts through the fat in fried foods. Wine professional Sonal Holland says she would swap her chai for a classic Riesling from Germany’s Mosel region.

troops continued pressing military operations against Hamas in northern Gaza's Shejaya area, the Israel Defence Forces said on Sunday.

South Korea Ministry of Unification has said that public executions in North Korea are on the rise. This has yet again highlighted the absolute disregard for human rights by the hermit kingdom. This report is the second annual report which has been prepared based on the testimonies of defectors from North Korea. The laws are vague and people get executed for even petty crimes. The country has in recent times, actively sought to curb cultural influence emanating from its southern neighbor. One recent public execution was that of a 22-year-old in the South Hwanghae province in 2022. His only crime was listening to 70 South Korean songs and sharing three movies.

Vedanta Resources Ltd. can take back control of the Konkola copper project in Zambia after a court sanctioned a plan to settle debts owed to the mine’s creditors. A court in Zambia’s capital, Lusaka, on Friday approved a scheme of arrangement that was supported by Konkola Copper Mines Plc’s creditors, the southern African country’s mines minister, Paul Kabuswe, said on Facebook. Billionaire Anil Agarwal’s Vedanta has been trying to regain the major copper asset since 2019, when KCM was put into provisional liquidation after the previous government accused its owner of lying about expansion plans and paying too little tax. To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers. Vedanta told Bloomberg this week that it stands ready to start making the payments. Agarwal’s firm has also committed to investing $1 billion over five years to complete expansion projects.

Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey.

The Dwarka Expressway has sparked a surge of activity in Gurugram’s real estate market, catching the attention of homebuyers and investors alike. This corridor represents a significant breakthrough in the saga of Gurugram’s development, fuelling economic growth and changing the city’s skyline. Alongside rising property values, the expressway has electrified the expansion of infrastructure and boosted economic activities in the region. Gurugram now stands at the forefront of India’s growing real estate sector, attracting interest from both domestic and international markets. The buzz surrounding the Dwarka Expressway drums up its pivotal role in shaping Gurugram’s future as a vibrant and dynamic urban centre.

Vokkaliga seer publicly urged Karnataka Chief Minister Siddaramaiah to step down and make way for his deputy D K Shivakumar, a prominent seer from the dominant Veershaiva-Lingayat community on Friday urged that ministers from his community should be considered in case there is a change in CM post. Also pitching for Veershaiva-Lingayat ministers to be considered in case additional deputy chief minister posts are created, Srisaila Jagadguru Channa Siddharama Panditaradhya Swamiji pointed out that the community votes were decisive for Congress to form government in the state. «Karnataka state political developments and news that is emerging are in discussion. In case there is a change in the chief minister post and if additional deputy CM posts are created — in such a situation, I urge the party (Congress) and government to give priority to ministers from the Veerashaiva-Lingayat community,» the seer said. Speaking to reporters here, he said, «The reason is, during the government formation, Veerashaiva-Lingayat votes were decisive. So Veerashaiva-Lingayat ministers should be given priority. There are ministers like — Eshwar Khandre, M B Patil, S S Mallikarjun — such people should be considered and their experience should be utilised. I urge that they should be given an opportunity.»

monsoon has covered more than three-fourths of the country and it is set to cover the entire country on time for the planting season despite stalling earlier this month, two senior weather officials said on Thursday. Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane. «Monsoon is advancing quickly in northern India and will cover the entire country on time,» said an official of the India Meteorological Department (IMD), who spoke on condition of anonymity as he was not authorised to speak to the media.

₹267 apiece, bringing the total deal value to approximately ₹1,885 crore.The promoter group holds a 28.42 per cent stake in India Cements, while renowned investor Radhakishan Damani and his associates own 20.78 per cent of the company's shares.UltraTech added that the expected timeframe for completing the acquisition is one month. The company also noted that the acquisition will be an all-cash transaction.According to Tushar Chaudhari, Research Analyst, Prabhudas Lilladher, competition is expected to increase in the market.

The National Transportation Safety Board’s daylong hearing on a 2023 Ohio train derailment near the Pennsylvania border is giving stakeholders plenty to think about

Officials say a passenger train derailment in northern Russia has killed three people and injured dozens

It is the blessing that can help determine a climate startup’s fate: backing from Bill Gates, one of the biggest investors in efforts to transform the world’s energy use. Since 2015, Breakthrough Energy, the climate-investment firm founded by Gates, has lavished $2.2 billion on more than 160 startups and other initiatives, seeking both returns for investors and emissions reductions. He has also made investments separately outside the firm.