Waves Financial News

AP. “But buyer and parents beware because it’s a serious health concern for the kids it so feverishly targets." PRIME, a highly popular energy drink endorsed by two prominent YouTube stars, made waves upon its release last year.

By Devjyot Ghoshal and Pasit Kongkunakornkul

Department of Telecom is likely to approach sector regulator Trai this week for auction of a set of spectrum bands as well as radio waves held by permits that are due to expire in 2024, an official source said. The source said that DoT is expected to hold the auction in the March quarter of the current fiscal.

Cybersecurity stocks took the spotlight during the COVID-19 pandemic in 2020 and 2021 before undergoing a significant correction in 2022. But recently, stocks in the sector have started showing signs of recovery after a slow start to 2023.

Sudan is on the brink of a «full-scale civil war» that could destabilise the entire region, the United Nations warned Sunday, after an air strike on a residential area killed around two dozen civilians. The Ministry of Health reported «22 dead and a large number of wounded among the civilians» from the strike on Khartoum's sister city Omdurman, in the district of Dar al-Salam, which means «House of Peace» in Arabic. After nearly three months of war between Sudan's rival generals, the air strike is the latest incident to provoke outrage.

flood situation in the Dhemaji district of Assam has become grim as nearly 18,000 people have been affected by the current wave of flood. 48 villages under four revenue circles of the district have been inundated by flood waters and submerged 530.07 hectares of cropland. Following torrential rain in the past couple of days, the water levels of several rivers and tributaries of the Brahmaputra River are rising, inundating new areas of the district.

pro-Khalistani protests in Canada, the Indian community members on Saturday gathered outside the consulate holding the Tricolor in their hands to protect their diplomats and the consulate office. They were raising slogans like “Bharat Mata Ki Jai", Vande Mataram", “Long Live India", and “Khalistan Murdabad". The community members also carried placards on which several quotes against Khalistanis were written.

Bajaj-Triumph Speed 400 costs ₹2.33 lakh (ex-showroom). The motorcycle will be available in the country by the end of July. The company, however, has not revealed the price of Scrambler 400X.

Sectorally, buying was seen in auto and consumer durable stocks, while selling was visible in utilities, power, FMCG, and realty stocks. Stocks that were in focus include names like Titan Company, which was up more than 1%, Kalyan Jewellers, which rose more than 5% and Sunteck Realty, which closed with gains of nearly 12% on Friday. We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout.

The northeastern region of the United States is bracing for a slow-moving storm system that is predicted to bring heavy rainfall starting on Sunday. New York City and other areas are on high alert for potential flash flooding, as approximately 80 million people from Washington to Portland, Maine, may experience a month's worth of rainfall within a few hours. AccuWeather forecasts suggest that the storms could bring as much as half a foot (6 inches) or 1-2 inches of rain per hour to New York City and its surroundings.

The is due to incoming tropical moisture in the region. This can cause sudden rain in a few hours, as per the reports. AccuWeather official has predicted that rainfall rates could hit 2 inches per hour in some locations. As per the forecast, Washington, D.C is likely to receive heavy rainfall in afternoon and evening of Sunday. In New York, the heaviest rainfall will likely to occur on Sunday evening to Monday morning. There will be the heaviest downpour in Philadelphia from Sunday afternoon to Sunday night. The US has been experiencing extreme weather conditions as severe thunderstorms, critical fires and excessive heat waves sweep across the country. Extreme weather events, which claim more lives than hurricanes and tornadoes, will likely increase in the future, experts said. Each year in the US, thunderstorms produce 20 to 25 million lightning flashes that strike the ground, killing an average of over 20 people and injuring hundreds more, often in devastating and permanent ways, according to NWS. Older people and those with diabetes, obesity, heart disease and other serious health conditions are most at risk for severe weather conditions, as per an IANS report.

Call it the yin and yang of natural gas.

social media post created a stir among people regarding the increase in the on-road price of the newly launched Speed 400 motorcycle, Bajaj Auto issued an official statement to quell the wave of speculation. Recently, in a tweet, a user alleged that the on-road price of the bike stands at Rs 3,38,598, which is higher than the ex-showroom price of Rs 2.33 lakh and created a big controversy among Bajaj's potential customers across the country.

Malayalam producer and industrialist K Ravindranathan Nair, popularly known as Achani Ravi in movie circles, passed away at the age of 90. The family sources informed that the film-maker died due to age-related ailments. The late award-winning producer, who bankrolled several classic and art house movies, was an advocate of the New Wave movement in Malayalam films.

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Foreign portfolio investors (FPIs) have bought Indian shares worth almost ₹1 lakh crore so far this year, giving a boost to the Indian market. Strong foreign capital inflow has been a major reason for the recent strong performance of the Indian stock market. While foreign investors have been bullish on Indian stocks, domestic institutional investors (DIIs) have been selling off Indian equities this month.

When Lori Andrews attended her daughter’s graduation at Santa Fe High School, she spotted a 5-foot-10, 400-pound robot roaming the football field alongside the newest alumni. Andrews, a visual arts teacher at the school, said she initially thought the robot was taking photos of the graduates. She was taken aback when her husband described it as a police robot and she learned that it was providing 360-degree camera footage to the school security team.

chatbots have lied about notable figures, pushed partisan messages, spewed misinformation or even advised users on how to commit suicide. To mitigate the tools' most obvious dangers, companies such as Google and OpenAI have carefully added controls that limit what the tools can say. Now, a new wave of chatbots, developed far from the epicentre of the AI boom, are coming online without many of those guardrails — setting off a polarising free-speech debate over whether chatbots should be moderated, and who should decide.

Janet Yellen holds meeting in China

Twitter sent a letter on Wednesday accusing Meta of utilizing its trade secrets in the development of its latest social media platform, Threads. In the letter, Twitter demanded that Meta cease using the confidential information.  Twitter further claimed that Meta had recruited numerous former Twitter employees who had allegedly kept unauthorized devices and documents from their time at Twitter. Additionally, Twitter asserted that Meta deliberately assigned these individuals to work on Threads.

central bankers' central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to help countries prevent cyber hacks on the new wave of digital national currencies under development. Around 130 countries are now exploring central bank digital currencies (CBDC) to keep up with technological change, but there are worries that the online nature of them could make them a major target for criminals and hostile states.