Southern Financial News

Blockchain data firm Chainalysis, has established a headquarters in Dubai for Southern Europe, Middle East, Central Asia, and Africa regions. The firm aims to deepen its support of the UAE’s global crypto hub push.

NEW DELHI : Birla Fertility & IVF, part of the $2.9 billion CK Birla Group, on Wednesday announced the acquisition of an 86% stake in ARMC IVF, a Kerala-based chain of fertility centres, for an undisclosed amount. Industry sources estimate the deal value to be below ₹100 crore. The transaction was financed through internal accruals.

Gaza's vital Rafah border crossing on Tuesday in what the White House described as a limited operation, as fears mount of a full-scale invasion of the southern city as talks with Hamas over a cease-fire and hostage release remain on a knife's edge.

Hospital operator Steward Health Care has filed for bankruptcy protection, but pledged to maintain the eight hospitals it operates in Massachusetts

IMD predicted isolated heavy rainfall in Tamil Nadu, Puducherry and Karaikal on May 8 and 9. Scattered light to moderate rainfall is likely to hit the southern state in the next 5 days.

Bohra Industries Ltd.(up 0.80%) stood among the top gainers.

Axis Bank Ltd is on a lookout to hire Asian expatriates to help the lender win business from multinational companies.

Israel carried out strikes on the Gazan city of Rafah overnight as it sought to put «pressure» on Hamas ahead of talks in Egypt on Tuesday aimed at sealing a truce proposal endorsed by the militants. After having vowed for weeks to push into the southern border town, Israel called on Monday for Palestinians in eastern Rafah to leave for an «expanded humanitarian area» ahead of a ground incursion. An AFP correspondent in the city reported heavy bombardment throughout the night, while the Kuwaiti hospital there said Tuesday in an updated toll that 11 people had been killed and dozens of others injured in Israeli strikes.

Pro-Palestinian protesters that had been blocked by police from accessing an encampment at the Massachusetts Institute of Technology on Monday broke through fencing, linked arms and encircled tents that remained there, as Columbia University canceled its university-wide commencement ceremony following weeks of pro-Palestinian protests. Sam Ihns, a graduate student at MIT studying mechanical engineering and a member of MIT Jews for a Ceasefire, said the group has been at the encampment for the past two weeks and that they were calling for an end to the killing of thousands of people in Gaza. «Specifically, our encampment is protesting MIT's direct research ties to the Israeli Ministry of Defense,» he said.

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a barrel.

Hamas on Monday agreed to a Gaza ceasefire proposal from mediators, but Israel said the terms did not meet its demands and pressed ahead with strikes in Rafah while planning to continue negotiations on a deal. The developments in the seven-month-old war came as Israeli forces struck Rafah on Gaza's southern edge from the air and ground and ordered residents to leave parts of the city, which has been a refuge for more than a million displaced Palestinians.

Singapore isn’t the hedge fund heaven that Hong Kong is usually seen as, but things seem to be taking a turn. Funds in the city – both headquartered and present there – have been busy adding Portfolio Managers (PMs) in the city.

Arvind Kejriwal while the Karnataka sexual abuse scandal dominated political discourse in some places. Several companies including Godrej Consumer Products and Bombay Dyeing declared fourth quarter results while the Bombay High Court granted Jet Airways founder Naresh Goyal interim medical bail for two months. Thousands of Palestinians fled the south Gaza on Monday as the Israeli military prepared for a possible ground invasion.

Gangetic West Bengal and Tamil Nadu, with similar severe conditions noted in isolated regions of Odisha, Rayalaseema, interior Karnataka, and Telangana. Heat wave conditions have persisted in Odisha since the 15th of April, Gangetic West Bengal since the 17th, and Rayalaseema since the 24th of April, 2024, according to IMD. Heat wave conditions are expected to abate over east India starting today and over southern Peninsular India from tomorrow onwards. Additionally, there is a forecast for a new heat wave spell to affect Western India, encompassing Gujarat, Rajasthan, and western Madhya Pradesh, over the next five days.

A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process.

Benjamin Netanyahu on Sunday denounced international criticism of the country's war in Gaza. He was speaking at a Holocaust Remembrance Day ceremony at the Yad Vashem memorial in Jerusalem. The Israeli PM recalled the time when Nazis killed six million Jews during World War II, saying “no nation came to our aid" and “people were completely defenseless against those who sought destruction".

Israeli soldiers were killed in a rocket attack claimed by Hamas armed wing, near the southern Gaza Strip city of Rafah, where Palestinian health officials said at least 19 people were killed by Israeli fire on Sunday. Hamas's armed wing claimed responsibility on Sunday for an attack on the Kerem Shalom crossing into Gaza that Israel said killed three of its soldiers. Israel's military said 10 projectiles were launched from Rafah in southern Gaza towards the area of the crossing, which it said was now closed to aid trucks going into the coastal enclave. Other crossings remained open.

gold surged this year to its highest price ever, Xena Lin joined the frenzy by making monthly purchases of gold «beans,» pebble-like morsels of the precious metal. For Lin, a 25-year-old administrative worker in southern China, the $80 beans — small enough to rest on a fingertip and weighing about one-thirtieth of an ounce — were an affordable way to buy into the gold excitement without splurging for jewelry, gold bars or coins. She had dabbled with investing in stocks in the past, but she said buying gold, especially in this fun way, inspired her to continue investing.

South during election time and things seem to be a little different here in Chennai from other parts of the country. Unlike in the East-West-North, I don't have any language to speak to people on the street, and my narrow sampling is from the educated, English-speaking class with which I come into contact. But even here, people are calmer, their disagreements articulate. Various kinds of psephological nerdiness are on full display, but without the accompanying rancour one is used to when arguing with say Bengalis, Punjabis or Hindi-belt folks. There's an almost destabilising absence of kinship and/or genitalic cuss words. People down here argue. But they also let the other person actually speak. Like totally weird, da. Everyone agrees that in the behemoth state of Tamil Nadu, things are going to go just as they have in the past. 'They can come and do as many rallies as they want. People will go to see also, because they are crudely entertaining. But as for votes, forget it. Their nonsense has never worked in these parts.'

Brazil's southern state of Rio Grande do Sul is reeling from the devastating effects of heavy rains and mudslides. The death toll has surged to 37, with 74 individuals reported missing, according to the state's civil defence agency, Al Jazeera reported. Rescue operations are underway as emergency responders race against time to locate survivors trapped amidst the debris of collapsed homes, bridges, and roads. Governor Eduardo Leite declared a state of emergency as the region grapples with the aftermath of the catastrophic weather event.

Hamas has officially announced its intention to dispatch a delegation to Cairo in a bid to advance mediated negotiations. Leading the delegation will be Khalil al-Hayya, a prominent figure within the group, Al Jazeera reported. The statement released by Hamas reiterated the organisation's positive stance towards the proposed negotiations.