Waves Financial News

The notoriously chilly East Antarctica is currently seeing considerably higher-than-normal temperatures, according to recent research. The usual range of minus 58 to minus 76 degrees Fahrenheit has not held, with temperatures instead reaching minus 13 to minus 22 degrees Fahrenheit. These temperatures are far warmer than average for the Antarctic winter, even if it is still very cold.

stress in unsecured retail, micro finance and some rural advances as seasonal impact of the heatwave, election season slowdown and higher risk weights led to increase in slippages during the first quarter. However, analysts do not expect asset quality to be a challenge yet. Instead, most observers believe that Indian lenders will have to contend with falling margins and slow deposit growth this year. Data from the results of 40 listed banks analysed by ET showed that though net profit increased a healthy 21%, margins continued to be weak and deposit growth still lagged credit demand. There was a notable increase in stress in some micro finance and personal loan accounts. State Bank of India's fresh slippages increased to ₹7,903 crore in June 2024 from ₹7,659 crore a year ago and was double the ₹3,867 crore reported in March 2024 mainly as ₹3,000 crore of loans to individuals slipped during the quarter and was the largest chunk of fresh slippages, followed by ₹2,500 crore of agriculture loans. Chairman Dinesh Khara attributed the slippages to some delay in salaries by some state governments during the quarter.

Rajya Sabha by the government to a question on the MGNREGS, TMC MP Derek O'Brien on Sunday claimed the BJP-led Centre in its response has «finally» accepted that West Bengal has been given «zero» funds under the 100-day rural employment guarantee scheme. The TMC and its Lok Sabha MP Abhishek Banerjee have been demanding a white paper on the scheme to prove what the Centre had paid to West Bengal since the BJP's loss in the 2021 state assembly polls, Rajya Sabha member O'Brien said in a post on X. «Finally! Modi govt admits inside Parliament that Bengal's been given zero for MNREGA funds,» O'Brien said in a post on X, sharing the July 26 reply that gave state and UT-wise data of the last five financial years on the number of households that have completed 100 days of employment under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). In West Bengal, the number of households that completed 100 days of wage employment was «zero» in 2023-24, according to the written reply given by Union Minister of State for Rural Development Kamlesh Paswan in the Upper House of Parliament.

Until Dawn movie is set for release, bringing the popular video game to the big screen. Here’s everything known about the cast, plot, and release date.

Advocates say air conditioning is no longer a luxury but a public health and affordability issue

Ola Electric was 16% subscribed in the first two hours on the first day of the bidding process on Friday. At 11.27 a.m., the public issue was subscribed 0.16 times, led by retail investors, whose category was subscribed 77%. The non-institutional investor (NII) category was subscribed 7%, while there were no bids from qualified institutional buyers. The employee reserve portion was subscribed 2.82 times.

Bandhan Bank’s asset quality issues, high credit cost keep investors on edge “Then, of course, there has been an impact of (the) heat wave in the first quarter of this year and some degree of restricted movement of people during the course of election and hence, some of the northern states were hit largely because of that. Pockets of Tamil Nadu, Maharashtra, Madhya Pradesh were (impacted) because of monsoon as well," Kothari told analysts on 20 July. Another lender Ujjivan Small Finance Bank recently reduced its loan growth guidance for FY25 to 20%, from 25% earlier.

tomatoes at Rs 50 per kg in Delhi-NCR and Mumbai retail markets. This move aims to relieve consumers, following an initial reduction to Rs 60 per kg on July 29, announced by Union Food and Consumer Affairs Minister Pralhad Joshi. «Prices of tomatoes have come down after our intervention,» Joshi stated. This initiative was launched to address the soaring tomato prices caused by supply disruptions due to heat waves and erratic rains in various states.

active mutual fund flows so far this year. In June alone, inflows into these funds reached ₹22,350 crore, accounting for 55% of total active flows, an 18 July research report by Elara Securities said. Since the beginning of this year, thematic and sectoral funds have attracted ₹70,000 crore in inflows.

On Wednesday, the index opened positively and traded sideways throughout the day, closing near the day's high with a gain of 94 points at 24,951.

Paris Olympics group match, Lakshya Sen was at a 1-4 disadvantage in the head-tohead record against third seed Jonatan Christie of Indonesia.

Paris Olympics 2024 and most importantly so, because of the photogenic vibe of the surfing events, happening under the cool Tahiti climate. Brazil's Gabriel Medina has now emerged as the top sensation of the ongoing Paris Olympics 2024 after his image of hovering in the air, with his arm pointed to the sky, broke the Internet, right after he set a new Olympics record in a surfing event.

Satin Creditcare Network's consolidated net profit for the June quarter stood at Rs 105 crore against Rs 88 crore in the year ago period, reflecting a 20% year-on-year rise, despite a muted quarter and higher delinquencies. Operating profit jumped 60% at Rs 213 crore as compared with Rs 133 crore for the same period, helped by a 38% rise in net interest income at Rs 383 crore.

Paris Olympics 2024 saw a great wave of enthusiasm, warmth and spirit in the past 5 days and the concepts around the Paris Olympics opening ceremony was loved by many. There were athletes waving to the audience from their boats on river Seine, with the Olympic flame made out of water, and the enchanting performances that just wowed people present at this auspicious event.

Microsoft has implemented mitigations and rerouted user requests to alleviate the impact. The company is monitoring the service to ensure the issue is resolved, directing users to their status page for updates. The 365 Status account also noted, "We're aware of issues withhttps://status.cloud.microsoft.

Towards the end of 1901, Guglielmo Marconi set out to conduct an ambitious experiment. At the time, it was believed that since electromagnetic waves (like light) travelled in straight lines, radio waves could not be used to transmit messages across large distances—much like how even the most powerful telescope could not catch visual signals from places located beyond the earth’s horizon.

Is Generative AI worth the money? Tech leaders like Microsoft chief technology officer Kevin Scott says costs will come down and capabilities improve, but as Wall Street heads toward correction territory— Nvidia and Microsoft, two stocks that have ridden the AI wave, are down more than 15% and 8% respectively since 10 July—enterprises are grappling with a deeper problem: How do they put AI to use and measure the return on that investment? Confusion over the answer has led to discomfort, sparked by bearish reports from Goldman Sachs and Sequoia Capital questioning whether GenAI will make as much money as the market seems to think. AI capital expenditure will reach between $600 billion and $1 trillion in the coming years, the reports estimate, and spending on infotech will rise 8% this year, according to Gartner. If investors are taking a breather, that’s good.

Satyabhama and Veeranjaneyulu Vihara Yatra, set to premiere on the OTT platform ETV Win. These recent releases are perfect for unwinding after a long day at work or for a thrilling movie marathon during the weekdays. With engaging and dynamic content, they promise an entertaining experience with no dull moments. So, set your timers and get ready to enjoy these films from the comfort of your home!

Based on the consensus expectations, Jitendra Sriram, Senior Fund Manager, Baroda BNP Paribas Mutual Fund, expects the market may be marginally disappointed with the earnings in the current quarter. «While the consensus earnings for FY2024-25 are in the low teens, we expect the growth to be more in 2H,» he said, explaining that elections and heat waves slowed down economic activities during the quarter. Edited excerpts: With Sensex above 81,000, how tough is it to find new stocks to invest in? Many stocks are trading well above their historical average valuation levels. Index hitting a new high is a derivative of high economic activity and function of earnings growth. Despite equity trading at a new high, valuations are in line with long term averages. Thus, market returns are tracking earnings momentum.

NANTERRE , FRANCE : Several days into an Olympic swim meet that has featured uncharacteristically sluggish times and a decided lack of world records, a potential problem has emerged: The water might be too shallow. The pool constructed on the customary site of a rugby pitch measures 2.2 meters deep, or roughly 7-feet-2, which means French basketball star Victor Wembanyama could comfortably stand in it. At recent Olympics, the pool has always been around 3 meters deep—a difference of nearly 3 feet.

AWS) has launched a two-week pop-up, GenAI Loft, aimed at fostering innovation and community in the evolving landscape of generative artificial intelligence technology in Bengaluru on July 29. The loft is open to visitors till August 9.