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military preparedness must be of very high order and it should be ready to confront short and intense conflicts as well as long duration wars, Chief of Defence Staff Gen Anil Chauhan said on Wednesday amid the dragging border row with China in eastern Ladakh. In an address at an event, Gen Chauhan also identified operational preparedness, modernisation of the armed forces, transformation and indigenisation of military hardware as key pillars to boost national security. «In the most violent decade since World War II, there is a growing propensity amongst nations to use force to contain conflicts,» he said. «The growing uncertainty and insecurity is leading nations to renew their national security strategy and increase expenditure on defence,» he noted, according to the defence ministry.

Lucara Diamond Corp. has recovered another mammoth diamond from a mine in Botswana, its second major find in a month.

The creation of a multi-billion-dollar investment fund seeded with federal government money and designed to attract additional investments from Canada’s large pension plans is among ideas put forward as former Bank of Canada governor Stephen Poloz pursues his mandate to help Ottawa find ways to direct pension billions into the Canadian economy, according to two sources with knowledge of the proposal.

The record-breaking Lotto Max jackpot worth $80 million was split between two winning tickets — one sold in Ontario and one sold in Quebec, the OLG said.

Subscribe to enjoy similar stories. BEIRUT—A picture began to emerge Wednesday of a highly complex attack carried out by Israel, after thousands of pagers carried by members of Lebanese militant group Hezbollah exploded around the same time a day earlier. Many of the affected pagers were from a new shipment that Hezbollah had received recently, part of a nearly yearlong process to swap out older devices.

Subscribe to enjoy similar stories. Emami Ltd is gearing up for a better FY25, eyeing double-digit domestic revenue growth after clocking a 4% increase in FY24. So, what’s the game plan? More focus on direct-to-consumer (D2C).

The chief executive of Britain’s scandal-ridden Post Office will step down next year

Federal officials have identified more than 50 square miles of government-owned property across the U.S. as having great potential for renewable energy projects

During this interactive event, we will hear from a number of expert fund managers about how they are evolving their sustainable and impact investment processes, how they engage effectively with companies and how they are responding to increased regulatory scrutiny. The fund manager speakers will also explain where they are finding opportunities and managing risks in a rapidly changing area for investors, as well as how their strategies may fit in client portfolios. By attending this event, you will also get the chance to network with peers, as well as benefit from CPD points. Join ...

Reasons to buyReasons to avoidWhat are buyers saying on Amazon?Customers appreciate the shelf’s design and storage, saying it enhances table organisation. However, concerns exist about durability, assembly, and quality.Why choose this product?Compact, affordable, and practical storage solution with easy assembly, ideal for small spaces like bedrooms, offices, or living rooms.The Snazzy Plastic Multipurpose Foldable Open Bookshelf offers a practical solution for organising books, files, or decor in your study, home, or office.

ICICI Bank on Wednesday surpassed the Rs 9 lakh crore market capitalization mark for the first time after the stock rose 2% to reach a new all-time high of Rs 1,295 on the BSE. Currently, ICICI Bank is the fifth-largest company by market capitalization, following Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel. Around 3 PM, the company’s market cap was nearly Rs 9.11 lakh crore.

Manish Singh, Market Expert, says the reason the Fed is going to cut by 50 bps and why it should cut 50 bps is that if the inflation is on track to be at 2%, (it is at 2.5% now), what justifies the rates being this restrictive, as we have seen the most rapid increase in rates in the last 40 years. The rates have been at 5.25% for 14 months. What justifies it being at this high restrictive level? There is no point. So, for that reason you are going to get 50 basis point cut. While most analysts were holding the view that the American economy is fine, there is no recession right now or even on the horizon, a soft landing with a 25 basis point cut was turning up to be the consensus view. But now things have slightly changed in the run-up to the FOMC meet. Have not they? A 50 basis point rate cut does not seem completely unlikely. Manish Singh: No, it is not unlikely and we are going to get that and it is justified. Because if you look at where the two-year rate is, the two-year treasury yield is at 3.57% and the upper bound of the Fed fund rate is 5.5%, so we are talking about 190 basis point spread. You have to go back to 2008 to see the spread this wide.

IPO) of Western Carriers was subscribed by 10 times so far on the fourth day of the bidding process attracting a strong demand from retail and non institutional investors (NIIs). The portion reserved for the retail investors as well as the NIIs received a solid response and was booked a little over 14 times so far around 10:30 am today.

Subscribe to enjoy similar stories. Online orders for categories such as fashion, accessories, home decor and kidswear are likely to be harder to return this festive season as companies look at maximising earnings and minimising logistics hurdles, experts said. Direct-to-consumer companies as well as e-commerce platforms Flipkart and Amazon may set a higher bar for accepting returns than in previous festive seasons to maintain margins by eliminating the costs of reverse logistics, staffing and packaging, according to two executives aware of the matter.

Yemen’s Houthi rebels have shot down two American MQ-9 Reaper drones in under a week, further highlighting the regional spread of the Israel-Hamas war

Sandip Sabharwal, asksandipsabharwal.com, says the price at which Bajaj Housing Finance is trading is crazy and there is no way one can justify these valuations when large, established, diversified financials are trading at half, one-third, or maybe 25% of the valuation of this company. Like with many other IPOs, this is just frenzied trading in a limited-float stock. Sabharwal says there’s a similar frenzy in Ola Electric, which is losing market share every month, it is giving forecasts based on them either maintaining or improving market share, which is not going to happen. FOMO is setting in over the Bajaj Housing Finance IPO. The stock for a second consecutive day ended up in the green. But what is the message out there for people who want to participate right now? Should they be sitting on the sidelines, waiting for the frenzy to be over?

«Because there is growth slowdown and I have been in India for the last couple of days and there are visible signs of slowdown, whether it is real estate in northern India or consumption part of the economy,» says Rahul Chadha, Shikhara Investment. What is it that you are making of the market right now? I mean, all the valuation concerns aside, markets and not just us, globally, they do not want to stop. Rahul Chadha: I think what markets are looking is what Fed would do tomorrow. So, September 18th is when Fed comes for a meet and clearly, we are seeing globally economic data being soft but the hope is that policymakers, particularly here, the central banks come quickly, act quickly, and cut rates quickly, so which is where 50 bps cut from Fed would be reassuring and we have had some statements from the Fed members saying that Fed should go to neutral rates very quickly.

Alberta was calling, both Canadians and immigrants answered and now the government is working to address the consequence of an unprecedented number of people moving to the Prairie province over the past year.

Vice President Kamala Harris held a phone call with former President Donald Trump on Tuesday, according to a White House official. The conversation was described as «cordial and brief.» This exchange occurred a day after gunfire was reported near Trump's golf club in West Palm Beach, Florida. The Federal Bureau of Investigation (FBI) is investigating the incident as an attempted assassination. «Vice President Harris called former President Trump this afternoon to speak with him directly to express that she is grateful he is safe. It was a cordial and brief conversation,» the White House official said. Harris earlier expressed relief over Trump's safety, stating on X, «I am glad he is safe. Violence has no place in America.» Ryan Wesley Routh has been charged in connection with the incident. The charges include possession of a firearm as a convicted felon and possession of a firearm with an obliterated serial number. Routh will remain in custody until his detention hearing on September 23 and arraignment on September 30.

The world’s centi-millionaires — individuals with liquid investable assets of US$100 million or more — have ballooned by 54 per cent over the past decade, a new report shows.

Ajit Jain is just like a Sergeant in the Warren Buffet business empire but his recent action hinted trouble for the billionaire and his massive fortune. Recent reports reveal that Jain ended up selling off nearly half his stake in the company last week, and the reasons for the same are not entirely clear. Meanwhile, Berkshire Hathaway is reportedly mum on the issue, leading to potential alarm bells for the stock markets as well.