Southern Financial News

Krishana Phoschem Ltd.(up 0.18%) were among the top gainers.

New Delhi: The plan to restructure Sri Lanka’s debt could be completed by June, two people aware of the matter said, as the island-nation prepared to reach an agreement with its creditors in the coming months. "We expect that the agreements will be finalized around June, which will help settle the debt restructuring process with Sri Lanka," said one of the officials mentioned above, requesting anonymity. In May 2022, India's southern neighbour defaulted on its overseas debt after its worst financial crisis since independence in 1948 emptied out foreign exchange reserves.

Palestinian officials say an Israeli airstrike has killed at least 17 people in the southern Gaza city of Khan Younis

El Nino has peaked as one of the five strongest on record and will continue to impact global climate in the coming months despite a weakening trend, the World Meteorological Organisation said on Tuesday. The UN agency also said above-normal temperatures are predicted over almost all land areas between March and May. The prevailing El Nino conditions fuelled record temperatures and extreme events the world over, with 2023 being the warmest on record. According to the European Union's Copernicus Climate Change Service, the global mean temperature breached the 1.5-degree Celsius threshold for an entire year for the first time in January.

Also Read- Adani Ports share price hits record high as cargo volumes surge 33% in February While Based on volumes reported by OEMs, Jefferies estimate domestic two-wheeler wholesales rising by 35% YoY in February, which was the fifth consecutive month of more than 15% growth (yer-to-date-FY24: 13%), even export volumes showed a strong trend and grew around 45% YoY in February. TVS Bajaj Auto reported the highest 24-33% YoY growth. “Versus our estimates, volumes were better for TVS Motor Company and Hero MotoCorp and mostly inline for others", said analysts at Jefferies.

The latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about all the cuts hurting safety and service

Godrej Consumer Products Ltd (GCPL) may see better-than-peers earnings growth ahead, under chief executive officer Sudhir Sitapati’s leadership. The company is taking the right steps to improve the overseas and India portfolio. It plans to bolster the financial position of the GAUM (Godrej Africa, USA, and Middle East) segment, which formed over 24% of GCPL’s consolidated revenue in the nine months ended December (9MFY24).

first searched in 2018. He said he has invited the company to meet him to evaluate new scientific evidence it has to find the plane's final resting place. If the evidence is credible, he said, he will seek Cabinet's approval to sign a new contract with Ocean Infinity to resume the search.

Volodymyr Zelenskyy on Saturday called on the West to rapidly deliver more air-defence systems as a wave of Russian missile, drone and artillery strikes killed at least 11 people. Eight were confirmed dead, including a child and a baby, after an overnight drone strike on the southern port city of Odesa, a regional official said. Separate shelling attacks on the frontline regions of Kharkiv in the northeast and Kherson and Zaporizhzhia in the south killed another three people, Ukrainian officials said. «Russia continues to hit civilians,» Zelenskyy said in a post on social media.

In her interim budget last month, Nirmala Sitharaman proposed establishing a panel to deliberate on challenges arising from population growth and demographic changes so that India can attain developed country status by 2047. To this effect, it becomes critical to decipher the intricacies of these challenges and delineate a clear path forward. What precisely are these challenges, and how can they be effectively confronted to pave the way for a prosperous and inclusive future? I present six challenges that hold the key to unlocking India's true potential. 'Fast population growth,' while historically significant, is not the paramount challenge we confront today. Surpassing China as the world's most populous country last year marked a watershed moment. But recent data heralds a major shift: India stands on the brink of achieving a total fertility rate of 2.1, a threshold revered as 'replacement level fertility' by demographers. While this milestone doesn't signify an immediate halt to population growth, it signals a pivotal juncture in our demographic evolution.

Edelweiss Alternatives, the alternative asset arm of the Edelweiss Group, has finalised a deal to acquire MFAR Developers’ 1.21-million-sq-ft information technology park in Bengaluru for over Rs 1,475 crore, said multiple persons with direct knowledge of the development. This is the largest and first transaction for a complete buyout of an office tower so far this year. Edelweiss Alternatives is buying this asset through its rental fund, which is currently in the process of raising Rs 5,000 crore. The 12-storey office tower, which is in north Bengaluru’s Hebbal locality along Bellary Road and Outer Ring Road (ORR), is an independent asset within an ecosystem of large integrated mixed-use development.

By Nidal al-Mughrabi and Bassam Masoud

JERUSALEM (Reuters) — The Israeli military said on Sunday it intensified operations in the southern Gaza city of Khan Younis, destroying dozens of Hamas targets in a blitz of air and artillery strikes.

Cairo as soon as Sunday and search for a formula acceptable to Israel and Hamas for a lasting ceasefire in Gaza, sources with knowledge of the talks said, after foreign governments resorted to airdrops to aid desperate civilians in the Palestinian enclave. Israeli and Hamas delegations were expected to arrive in Cairo on Sunday, two Egyptian security sources said, although another source briefed on the talks said Israel would not send a delegation until it got a full list of hostages who are still alive.

By Iryna Nazarchuk

ADEN, Yemen (Reuters) -The UK-owned Rubymar, attacked by Houthi militants last month, has sunk in the Red Sea, Yemen's internationally recognised government said on Saturday, warning of a «environmental catastrophe» from the ship's cargo of fertilizer.

Indian Navy will commission Naval Detachment Minicoy as INS Jatayu on March 6, a move that seeks to «incrementally augment» security infrastructure at the strategically important Lakshadweep Islands, according to officials. The commissioning will take place in the presence of Navy Chief Adm R Hari Kumar, they said on Saturday. «The event marks an important milestone in the Navy's resolve to incrementally augment security infrastructure at the strategically important Lakshadweep Islands,» a senior official said. Naval Detachment Minicoy was setup in early 1980s under the operational command of Naval Officer-in-Charge (Lakshadweep).

Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion in damages and to divide up shares of their Southern California property empire — about 17,000 apartments worth billions more. The trial, over allegations that Haresh breached a longstanding partnership with his siblings, continues with a punitive damages hearing Monday that could add to the award. The 2003 lawsuit already has been through 18 appeals, generations of attorneys and five judges in Los Angeles Superior Court.

DLF, have recently acquired land in Gurugram to set up residential projects, while Prestige and Sobha also have their sights set on land parcels in the area, indicating keen interest in the city's real estate market. As prices have peaked on prime Golf Course Road and MG Road, developers have shifted their focus to Golf Course Road Extension, Gwal Pahadi, Dwarka Expressway and the Southern Peripheral Road (SPR). Local developers have also lined up projects across micro-markets, with Signature Global and Raheja focusing on Dwarka Expressway and SPR, while TARC, M3M, Smartworld, and Anant Raj have launches planned on Golf Course Road Extension.

Canadians have been experiencing a “wild” winter, from temperatures in the mid-teens in parts of the country around the new year, to deep freezes as recent as Thursday in southern Ontario. It’s safe to say people are hoping for a calmer spring.

Goldman Sachs' “Conviction List — Directors' Cut,” the bank’s selection of top buy-rated stocks, no longer includes Apple (NASDAQ:AAPL), the investment giant said in a Friday note. Apple stock fell 0.8% on the news.