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Ola Electric surged 15.8% to a day’s high of Rs 128 on the BSE after the company announced a 32% YoY increase in revenue for the first quarter of FY25, reaching Rs 1,644 crore. The company also launched its electric motorcycle, the Roadster, on August 15.

Steel Authority of India expects its blended realizations to sequentially fall another Rs 1,000 per tonne this quarter, as local steel prices continue to be weighed down by cheap Chinese imports, a senior executive said. Net sales realization, or blended steel prices for the June quarter, stood at Rs 53,700 per tonne, down Rs 800 from the March quarter. The cost of coking coal, though, is likely to remain at levels similar to the June quarter, even though prices have corrected in the last few weeks. This is because the state-owned steelmaker has stocked up higher-than-average coking coal from some of its miners with whom it has long-term agreements, Anil Kumar Tulsiani, Director (Finance), told analysts after the company’s earnings.

US lawmakers want the Biden administration to probe China's TP-Link Technology Co and its affiliates for potential national security risks from their widely used WiFi routers over fears they could be used in cyber attacks against the U.S. Republican Representative John Moolenaar and Democratic Representative Raja Krishnamoorthi, who lead the House Select Committee on China, requested a Commerce Department probe in a Tuesday letter seen by Reuters. According to research firm IDC, TP-Link, which focuses on the consumer market, is the top seller of WiFi routers internationally by unit volume.

A northern Virginia county has announced arrests in multiple thefts targeting high-end retail stores in the county

Breakout stocks to buy or sell: Despite strong global market sentiments on the US Fed rate cut buzz, the Indian stock market remained flat on Wednesday. The Nifty 50 index finished marginally higher at 24,143, the BSE Sensex went up 149 points and closed at 79,105, whereas the Bank Nifty index went off 104 points and ended at 49,727. Cash market volumes on the NSE were 8.1 per cent lower than the previous session.

A top Federal Reserve official warned that the central bank needs to cut its key interest rate before the job market weakened further or the Fed would risk moving too late and potentially imperil the economy

Dubai-based port operator DP World has reported its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen’s Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea

Donald Trump, the Republican candidate for the US Presidential Election 2024. If reports are to be believed, inflation is on track and it seems to fall back to the Fed Reserve's 2% target by the end of the year. Similarly, the Consumer Price Index continued to cool last month to 2.9%, below the expected 3% yearly increase.

Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...

Incoming Starbucks CEO could make well in excess of $100 million in his first year with the company under an incentive-laden contract, and he will not be required to relocate from his home in California to Seattle, the home of the global coffee giant

Ukraine have been deployed as part of Kyiv's ongoing incursion into Russia, British media reported on Thursday. It is believed to be the first time the Challenger 2 tanks have been used in active combat on Russian territory, Sky News and other UK outlets said. They did not specify how many of the tanks were thought to have been deployed by Ukraine in its surprise incursion into Russia's Kursk region, which began on August 6.

The NSE Nifty 50 index ended 0.02% higher at 24,143 points, while the S&P BSE Sensex added 0.19% to close at 79,105.

Sonata Software, a mid-tier IT company, has lost 18% in August so far after the company’s subdued June quarter performance due to delay in large deals. While it is likely to face challenges in the current quarter as well, Sonata expects to post better numbers in the second half of the current fiscal year given a strong order book. Given the slower momentum in the first half of the year, analysts have reduced the estimated earnings growth rate for the full year.

Hezbollah and Israeli forces has killed senior commanders and several hundred fighters from the Iran-backed group, causing destruction and displacing tens of thousands on both sides. Hezbollah has seen more fighters killed since October than when it last went to war with Israel in the summer of 2006. AFP looks at the mounting toll for the Shiite Muslim movement, which has been trading near-daily fire with the Israeli army in support of Hamas since the Palestinian militant group's October 7 attack on Israel triggered the Gaza war.

interest rates. Their hope was rekindled after Federal Reserve Chairman Jeremy Powell indicated a reduction in the bank rates in September. Many people believe it may happen earlier and the Fed may convene an emergency meeting to take a decision aimed at saving the US economy from slipping into a recession. However, Ed Yardeni, the president of Yardeni Research and a longtime Wall Street veteran believes there may be only one cut in this financial year and it may be as little as 25 basis points.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Thursday said his government is working towards restoring the lost brand image of Andhra Pradesh. Addressing the state after hoisting the national flag here on the 78th Independence Day, the Chief Minister alleged that Andhra Pradesh regressed 30 years under the previous YSRCP regime. «The rulers (YSRCP govt) who came to power under the pretext of one chance had created devastation of unheard proportions. They destroyed the systems and projected victims as culprits to make a mockery of democracy,» said Naidu. Claiming that the southern state incurred a huge loss under the YSRCP government than the bifurcation of the united state, he said the TDP-led government is following the principle of simple and effective governance to undo those losses. According to Naidu, the TDP government is striving to bring back the companies which had cancelled their agreements and exited the state.

Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, he highlighted his government's efforts towards environment protection in various fields with a focus on rail operations. «We are aiming to achieve net zero emission by 2030 in Railways,» said the prime minister.

Kolkata doctor rape case LIVE Updates: Amid protests demanding women's safety, RG Kar Medical College and Hospital in Kolkata, where a resident doctor was raped and murdered, was targeted by a massive mob during a demonstration. The Kolkata rape case has brought medical services to a standstill as students and doctors continue to demand justice for the resident PG doctor. Videos show a mob of dozens pushing their way in the emergency ward of the RG Kar Hospital and vandalising chairs.

According to the Office for National Statistics, gross domestic product expanded by 0.9% from April to June, compared with the same quarter a year ago.  The figures confirm that the economy has enjoyed a strong recovery from its mild technical recession last year.  «The UK economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year,» said Liz McKeown, director of economic statistics at the ONS.  UK inflation creeps up less than expected to 2.2% after two months at target With 0.8% growth, the statistical agency said the expansio...

Google to Netflix, prominent US companies are battling internet boycott calls over their perceived political leanings in a polarising election season that has exposed them to what researchers call "brand disinformation." The online campaigns, which falsely claim both Netflix and Google are funding or favoring Democratic nominee Kamala Harris ahead of the November election, illustrate how brands are vulnerable to political falsehoods that can expose them to financial perils. Those calling for a boycott, researchers say, include fake accounts on the platform X. The site is owned by Elon Musk, who has endorsed Donald Trump and appears to exert an outsized influence on voters through the platform, which has become a hotbed of disinformation.

fake roof signs that have recently been reported in several cities.In a statement on Wednesday, the group said that there has been a rash of scams and cons involving fake taxis, mostly in Ontario, where a team of two people pretends to be a distressed passenger and taxi driver.The group said such incidents were reported by police in Toronto, Sarnia, Sudbury and Ottawa.“I wouldn’t call it on the rise, but it’s very prevalent,” said Canadian Taxi Association president Marc Andre Way in an interview with Global News.“It seems to be moving from one city to the other.”Way said the CTA suspects it might be the same group moving from city to city, but they’re not sure.The scam involves a fake passenger approaching a passerby and saying their taxi driver will not take cash, which Way said is a red flag.Drivers not only accept cash, but often prefer cash,” he said.The fraudster then offers to give cash to the targeted victim in exchange for using their debit or credit card.“The scammer posing as the taxi driver then swipes the card and steals the target’s Personal Identification Number (PIN), later to drain their bank account or fraudulently use their credit card,” the CTA said in its release.In Sarnia, at least 12 such incidents were reported last month, resulting in individual losses ranging from $980 to $9,900, according to police.The Ottawa Police Service also said in a statement on Monday that it has recently received several complaints concerning people being defrauded after offering assistance in paying with their personal credit or bank card for a taxi or Uber fare.The CTA said it has taken up the issue of the generic “Taxi” signs with Amazon, requesting the company in a letter to stop selling them online as they are