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Austal’s head of its US operations has left the business after it lost $171 million on one of its US Navy contracts, tipping the shipbuilder to an annual loss.

Kwasi Kwarteng, the United Kingdom’s former chancellor, has been barred from advising his potential new employer, mining magnate Andrew Forrest, about UK energy affairs and lobbying the British government.

Japan's defense ministry is requesting a nearly 12% budget increase that includes two warships with advanced radar and long-range cruise missiles

Swedish buy now, pay later firm Klarna reduced its losses by roughly 67% in the first half of 2023, as the company dramatically cut costs in a bid toward profitability.

₹166.50 per share while it made intraday low of ₹166.50 on NSE as well. According to stock market experts, this Ashish Kacholia-backed company has promising business outlook and hence, those who have this stock in portfolio should at least book profit per cent profit and hold the rest shares for medium to long term. For those who missed to get Aeroflex Industries shares through allotment process, they are advised to wait as the stock has listed at a whopping 83 per cent premium on BSE.

Reuters citing two Indian officials, including a diplomat stationed in China and another official from a different G20 nation, have indicated that Premier Li Qiang is projected to attend the New Delhi meeting on September 9-10 as a representative of Beijing. The G20 summit scheduled in India was seen as a potential opportunity for Chinese President Xi Jinping to engage with US President Joe Biden, who has already confirmed his participation.

Mumbai (Maharashtra) [India], August 29: As the investment landscape continues to evolve, Indian investors are seeking new avenues to diversify their portfolios and capitalize on emerging opportunities. In this pursuit, real estate crowdfunding has emerged as a dynamic and potentially lucrative investment avenue.

monthly expiry and traders in the derivatives market can adopt a moderately bullish strategy with Nifty futures while taking a neutral view on Bank Nifty futures, an analyst recommended while spelling out his trading strategy for today. «The sell-off post the gap-up opening on Wednesday showcases the resilience of the bears as they swept away the gains and eventually dragged the index to the lower terrain and below 19,400. Technically, on a closing basis, there are hardly any alterations in the price chart, but with the big bearish candle formation, it is likely that the time-wise correction phase remains intact,» Osho Krishan, Senior Analyst, Technical & Derivative Research at Angel One said. Krishnan sees a strong support at 19,300 with the sheet anchor lying around the 19,250-19,200 zone and 19,500 acting as a strong resistance and only a decisive breakthrough will re-strengthen the undertone in his opinion. Analyst Kunal Shah, Senior Technical & Derivative analyst at LKP Securities also sees strong support in the 19,300-19,250 range and said that a failure to sustain above this level could potentially trigger a continuation of the downward movement.

By Sahil SwaroopBharat Heavy Electricals Ltd’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum.

Magellan Financial has one less short seller to worry about.

In an interview with Mint, Niraj Kumar, Chief Investment Officer of Future Generali India Life Insurance Company said while India remains an attractive investment destination for long-term investors given its strong macro fundamentals, the current valuations offer a limited margin of safety. Kumar also talked about the sectors that look attractive at this juncture and how General Elections 2024 will influence the market. The global economy has been witnessing conflicting signals in terms of economic activity and growth.

Chandrayaan-3's historic moon landing — a success story of India's fightback after failures, that too on a mere ₹615 crore budget — is set to provide plenty of food for thought for budding managers at the Indian Institutes of Management (IIMs). The mission, a case study in frugal innovation, has much that management students can learn from — strategy, collaboration, innovation, cost control and optimisation of resources, how leaders can process failure and move on — said professors and directors of the IIMs at Ahmedabad, Kozhikode, Sirmaur and Sambalpur. At IIM Sirmaur, the faculty members are working on developing a case study on the topic, said director Prafulla Agnihotri. «Chandrayaan-3 is an ideal example of great teamwork, charismatic leadership and how an organisation achieves its goal with minimum resources. It will be an excellent case study in the areas of corporate strategy and strategic leadership,» he said.

INDIA bloc Mumbai meet LIVE: The opposition INDIA alliance will hold their third strategy meetings today on August 31 and September 1 in Mumbai. Apart from the INDIA bloc, the meeting of the NDA is also to be held in Mumbai today.

With mere hours left for an Opposition meeting in Mumbai Delhi Chief Minister Arvind Kejriwal has emerged as a contender for Prime Minister in 2024. Members of the Aam Aadmi Party called for a nomination on Wednesday, prompting a war of words. Others sought to quell the debate, insisting that a decision would be taken collectively by the INDIA alliance.

Fortescue’s radical green reinvention triggered the exit of departing chief executive Fiona Hick, who faced a choice to “get on the bus, or get off the bus”, according to executive chairman Andrew Forrest.

Albemarle chief executive Kent Masters considers the battery chemical giant’s $5.5 billion bid for aspiring lithium producer Liontown Resources a live offer, despite no meaningful discussions between the two parties for the past five months.

Indian Oil Corp is planning to boost its natural gas consumption two-and-a-half times by 2030 in its quest for carbon neutrality, its refinery chief has said. Indian Oil has set a net zero operational emissions target by 2046 and increasing the use of less-emitting gas is a key element of that plan. «Our natural gas consumption strategy is part of the national goal to increase the share of gas in primary energy consumption to 15% by 2030 from the current 6%,» Sukla Mistry, Director (Refineries), told ET. Currently, Indian Oil's refineries together consume about 8.5 million metric standard cubic meters a day (mmscmd) of natural gas.

IndiaRF), a special situations investment platform sponsored by Piramal Enterprises and Bain Capital Credit, has started talks with its limited partners (LPs) to raise its second fund that seeks to garner up to $1 billion, sources aware of the development told ET. The first fund had a corpus of $629 million with two main LPs — Canadian pension fund manager Canada Pension Plan Investment Board (CPPIB) and World Bank arm IFC. CPPIB had committed $225 million to the fund, while IFC invested $100 million. Piramal group and Bain Capital Credit invested $100 million each as sponsors. «Bain and the two main limited partners CPPIB and IFC are on board with the plans for the second fund.

Piramal Enterprises plans to double its loan book by FY28, with close to 70% of the portfolio comprising retail loans, said its chairman, Ajay Piramal. In an interview to ET's Deborshi Chaki, he said as part of the growth strategy, the company plans to reduce the ticket size of its wholesale book, lend to mid-sized corporates and exit its legacy wholesale book. Edited excerpts:

future of work' powered by IR 4.0, energy transition, and new age technologies. These new technologies are bringing changes at the 'work', 'workplace' and the 'workforce' level.

₹25,000 or above. The company seeks to cash in on the growing inclination among fashion-savvy consumers to showcase and invest in branded timepieces, said a senior executive of the company. As India’s largest retailer of watches and jewellery brands, Titan has a network of over 1,000 exclusive watch outlets.