Waves Financial News

Before Olympic surfers actually see the Teahupo’o wave arrive, in those final pristine moments of calm before all hell breaks loose, they will hear it coming. Cries rise from the flotilla of boats carrying spectators and rescue teams as they spot the mountain of water rolling towards them roughly 500 yards off the coast of Tahiti. When it arrives, a thick slab of ocean will suddenly surge into the air and fold over on itself.

Ola Electric on Monday announced the price band of Rs 72-76 for its upcoming initial public offering (IPO) which will open on August 2 and close on August 6. The IPO comprises a fresh issue of shares worth Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares, according to the draft prospectus. At the upper price band of Rs 76, the OFS would be worth about Rs 645.56 crore.

Mint spoke to founders and investors to understand the evolution of the luggage industry, the attributes of the new entrants, barriers to entry and scaling, and the industry’s outlook. India’s organised luggage market is led by companies such as VIP Industries, Samsonite and Safari. The organised sector accounts for about 40% of India’s ₹15,000-crore luggage industry, according to a report by global analytics firm Crisil last year, and it is mainly this segment that has boomed in the wave of the pandemic.

technology, India has a unique human capital advantage to harness artificial intelligence for significant economic and societal benefits. Empowering people with AI skills will be a foundational step in India becoming an AI-first nation.

electric vehicles that can travel more than 300 miles on a charge, range anxiety remains a major hurdle to widespread adoption particularly in the US.

Morocco's Middle Atlas, people were sleeping on rooftops. Hanna Ouhbour needed refuge too, but she was outside a hospital waiting for her diabetic cousin who was in a room without air conditioning. On Wednesday, there were 21 heat-related deaths at Beni Mellal's main hospital as temperatures spiked to 48.3 degrees (118.9 degrees Fahrenheit) in the region of 5,75,000 people, most lacking air conditioning.

India and the government's budget boost for factory jobs might just be the catalyst to turn a swell into a wave.

Zero Day," a Taiwanese TV series about a Chinese invasion, has sparked strong reactions. The nearly 18-minute teaser shows the People’s Liberation Army (PLA) landing in Taiwan, causing a wave of comments and views on YouTube.

An analyst’s recent Elliott Wave analysis projects a bullish trend for XRP, with the third wave potentially pushing the price to $6.

As much of the world swelters, it’s not just people who need help with the dog days of summer

JK Cement have reinforced analysts’ optimism about the company’s ability to perform better than its peers. The company’s first quarter numbers were in line with analysts’ estimates. In a quarter where demand was affected due to slow down in construction activities, heat wave and labour shortage, the company’s net sales grew by 1% year-on-year to Rs2,719 crore. Net profit grew by 67% to Rs185 crore. A focus on expansion and tighter cost control are the two major factors that set JK Cement apart from mid-tier peers. Capacity expansion has helped the company gain market share in various geographies. At present, over 60% of its cement capacity caters to the northern region followed by 19% and 16% to the central and the southern regions respectively. The remaining 5% capacity is sold in the western region. In its post earnings’ conference call, the company announced a plan to increase capacity two-folds by FY30 from the present capacity of 24MT.

Sharks off the coast of Rio de Janeiro, Brazil, have been found with cocaine in their systems, as revealed by a study published in the Science of The Total Environment. Researchers from the Oswaldo Cruz Foundation discovered cocaine in the muscle and liver tissues of 13 Brazilian sharpnose sharks. This contamination is largely due to inadequate sewage treatment facilities and clandestine refining operations.

Bihar Chief Minister Nitish Kumar on Wednesday drew flak from the RJD for shouting at opposition women members inside the assembly. Kumar's outburst came as opposition members stood in the well of the House, demanding that the state's amended reservation laws be incorporated in the 9th schedule of the Constitution to make it immune from legal scrutiny.

Nifty ended 66 points lower above the 24,400 level to form a High Wave type candle pattern with analysts saying that a sustainable move above 24,580 could only confirm a near-term bottom reversal pattern. The immediate support of 10 Day EMA has been broken on the downside and Nifty is currently placed near another support of 20 Day EMA around 24270 levels. These moving averages have been upheld in the last 5-6 weeks and the market's inability to sustain above these supports could eventually open sharp weakness ahead, said Nagaraj Shetti of HDFC Securities.

Kamala Harris has now emerged as the most talked about politician of the United States after being endorsed for President by recently resigned Democratic nominee Joe Biden. She has also amassed the support of a majority of the Democratic Party, who are vouching for her to counter the very formidable Donald Trump, who already has high approval ratings for the US Presidential Elections this year.

Copa America 2024 finals against Colombia.

A defamation suit against Fox News by a government official who served on a short-lived U.S. government media disinformation board is being dismissed by a federal judge

A federal appeals court is allowing a Biden administration rule aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges continue

WASHINGTON—What a year these past few weeks have been. President Biden’s withdrawal from the 2024 campaign caps off a historically tumultuous stretch in American politics, as a series of unexpected events—from a presidential debate for the ages to a near-assassination—have shaken up the political landscape and thrust it into uncharted territory. Until recently, the 2024 presidential election was shaping up as a snoozer of a rematch, with the same candidates who battled each other in 2020 ignoring the electorate’s pleas for change and slogging joylessly toward a November grudge match.

Economic Survey 2024 which was tabled by Union Finance Minister Nirmala Sitharman on Monday stated that food inflation based on the Consumer Food Price Index (CFPI) increased from 3.8 per cent in FY22 to 6.6 per cent in FY23 and further to 7.5 per cent in FY24, suggesting a 97 per cent surge in the last two years.

MoEFCC) plans to promote urban biodiversity to mitigate pollution, provide cleaner air, reduce noise, and harvest water, the official added. Further, pointing out that biodiversity will help issues such as spiralling mosquito population and monkeys moving into cities due to lack of green spaces, the official also noted that water conservation and crop production are other concern areas that can be addressed with urban forests. “If you look especially at South Delhi, the water table is depleting faster and many plants are needed to restore greenery," the person said.