Southern Financial News

Michaung. The cyclone is expected to make landfall in Andhra Pradesh on December 5 while prompting rainfall in various parts of the country.

Telangana Assembly seats up for election on November 30, the Jubilee Hills assembly constituency falls under the Hyderabad district. The Telangana Assembly Election 2023 will be announced on December 3, 2023. The southern state saw a 64.35% voter turnout until 5 pm on Thursday, according to a report by The Hindu Business Line.

Telangana Assembly started at 8 am on Sunday. The election in the state was held on November 30, 2023.

Cyclone Michaung, brewing over the Bay of Bengal, is expected to skip the city and make landfall between Nellore and Machilipatnam with winds that could pack speeds of upto 100 kmph on Tuesday morning. Speaking to ANI, Sunanda, MD, Visakhapatnam Cyclone Warning Centre, India Meteorological Centre, said, «The deep depression over Southwest Bay of Bengal moved west-northwestwards with a speed of 18 kmph during the past 6 hours and lay centred on December 2, 2023, over the same region near Latitude 10.6°N and Longitude 83.6°E, about 440 km east-southeast of Puducherry, 450 km east-southeast of Chennai, 580 km south-southeast of Nellore, 670 km south-southeast of Bapatla and 670 km south-southeast of Machilipatnam.» «It is likely to move west-northwestward and intensify into a cyclonic storm over the Southwest Bay of Bengal during the next 24 hours. Thereafter, it would move northwestwards and reach the west-central Bay of Bengal off south Andhra Pradesh and adjoining north Tamil Nadu coasts by the December 4 forenoon,» she added. «Thereafter, it would move nearly northwards, almost parallel and close to the south Andhra Pradesh coasts and cross the south Andhra Pradesh coasts between Nellore and Machilipatnam during the forenoon of December 5 as a cyclonic storm with a maximum sustained wind speed of 80-90 kmph, gusting to 100 kmph,» she informed further. Also sharing his bytes on Cyclone 'Michaung', S Balachandran, deputy director general of Meteorology, Chennai, told on Saturday, «There is depression over the South West Bay of Bengal.

K Chandrashekar Rao is seeking a third term as MLA from the Gajwel assembly seat in the southern state. KCR, who is also contesting from the Kamareddy constituency, is expected to face a stiff challenge this time from Congress state president and CM hopeful Revanth Reddy and former loyalist turned BJP rival Etela Rajender.

Siddipet Telangana Election Result 2023 Live Updates: Counting and results for the Telangana Assembly Elections 2023 will be announced today on December 3. In the state's Siddipet constituency, results could see the continued winning streak of incumbent and state finance minister Thanneeru Harish Rao, or a major upset if the BRS candidates' seventh consecutive bid is lost. Siddipet is a division of the Telangana Legislative Assembly in India.

Siddipet Telangana Assembly Election Results 2023 LIVE: Siddipet is one of the 119 legislative assembly constituencies in Telangana. BRS leader and state minister T Harish Rao is eying to secure his third term from the constituency this time. The constituency also witnessed a stronghold of K Chandrashekhar Rao, Telangana's inaugural Chief Minister.

Indian Navy is the «preferred security partner» in capacity building and capability enhancement of friendly maritime nations, Southern Naval Command chief, Vice Admiral MA Hampiholi, said on Saturday. Addressing the media here ahead of the Navy Day celebrations on December 4, Hampiholi provided an overview of the multi-faceted activities of the Indian Navy and said the robust maritime security mechanism was fully equipped and always prepared to deal with any eventuality at sea.

Israel pounded targets in the southern Gaza Strip on Saturday, intensifying a renewed offensive that followed a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.At least 200 Palestinians have been killed since the fighting resumed Friday morning, according to the Health Ministry in Hamas-run Gaza, even as the United States urged ally Israel to do everything possible to protect civilians. “This is going to be very important going forward,” Secretary of State Antony Blinken said Friday after meetings with Arab foreign ministers in Dubai, wrapping up his third Middle East tour since the war started. “It’s something we’re going to be looking at very closely.”Many of Israel’s attacks Saturday were focused on the Khan Younis area in southern Gaza, where the military said it had struck more than 50 Hamas targets with airstrikes, tank fire and its navy.

By Suhaib Salem and Nidal al-Mughrabi

Munich's airport Saturday after a winter storm dumped snow across southern Germany and parts of Austria and Switzerland, affecting travel across the region. After initially announcing a halt in air traffic until noon on Saturday, the airport later announced flights would be cancelled until 6 am Sunday.

Veteran Hollywood actress Susan Sarandon has issued an apology after saying at a pro-Palestine rally that people feeling afraid of being Jewish at this time were «getting a taste of what it feels like to be a Muslim in this country, so often subjected to violence». The Academy Award-winning actor's comments, made in response to the Israel-Hamas conflict at a pro-Palestinian rally last month, drew widespread criticism.

Kesoram Industries, which announced merger of its cement business with UltraTech Cement, is set to prepay around ₹1,500 crore of high-cost debt borrowed at 20% from Goldman Sachs, Cerberus and Edelweiss. «The three funds — Goldman Sachs, Cerberus Capital Services and Edelweiss — are set to be paid ahead of maturity as UltraTech is rated AAA and the cost of borrowing is much cheaper,» a person with knowledge of the matter said on condition of anonymity. As part of the merger deal, UltraTech Cement will issue one share for every 52 shares of Kesoram Industries. The total value of the deal includes a debt of about ₹1,700 crore, according to a Motilal Oswal report.

A former inmate at the Brooklyn Metropolitan Detention Center has revealed details of Bankman-Fried’s life in prison leading up to his landmark fraud trial.

After three consecutive La Niña winters, a moderate El Niño is now well established in the central Pacific Ocean.

insurance and other firms, he kept looking for mediocre businesses at bargain prices. Munger instead focused on great businesses at acceptable prices, reckoning that their ability to produce cash in the future would more than compensate for paying a premium price up front. Over years of discussion, Munger persuaded his partner to change.

UltraTech will acquire the cement business of the BK Birla Group's Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. The deal will give UltraTech access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

It's back to work for construction crews that are clearing land and building access roads for a $10 billion project that the Biden administration describes as an important part of the nation's transition to renewable energy

A bill that would end smoking in Atlantic City's casinos continues to go nowhere

City lawmakers in Brazil passed what appears to be the nation’s first legislation written entirely by artificial intelligence — even if they didn’t know it at the time