Articles for author: Market News

Market News

Devastation in Cumilla: Floods Leave Thousands Homeless and Hopeful

Devastation in Cumilla: Floods Leave Thousands Homeless and Hopeful

Recent floods have severely impacted 11 districts, with at least 59 people losing their lives and over 5.3 million affected. Although floodwaters are receding, many families remain homeless, struggling to rebuild their lives. In Moulvibazar, around 8,786 houses were damaged, forcing residents like Nurun Begum and Sujan Mia to seek shelter with neighbors and relatives. ...

Market News

ICICI Securities Delisting Sparks Controversy Amid Regulatory Scrutiny and Shareholder Outcry

ICICI Securities Delisting Sparks Controversy Amid Regulatory Scrutiny and Shareholder Outcry

ICICI Bank’s plan to acquire its subsidiary, ICICI Securities, has sparked controversy among shareholders and drawn scrutiny from India’s Market regulator, SEBI. Discontent stems from the waiver of SEBI’s rules about compensating minority investors during the delisting process. A recent class-action suit alleges that the merger terms favor the bank and could cause significant losses ...

Market News

Tragedy in Kamchatka: Helicopter Crash Claims 22 Lives Near Volcano

Tragedy in Kamchatka: Helicopter Crash Claims 22 Lives Near Volcano

A tragic helicopter crash in Russia’s Far East resulted in the loss of all 22 people on board, according to the Emergencies Ministry. The Mi-8 helicopter took off from the Vachkazhets volcano area, aimed for the village of Nikolaevka, when it went down on Saturday. By Sunday evening, 17 bodies had been recovered as search ...

Market News

Trains Grounded as Andhra Pradesh and Telangana Battle Devastating Floods

Trains Grounded as Andhra Pradesh and Telangana Battle Devastating Floods

Heavy rainfall in Andhra Pradesh and Telangana has led the South Central Railway to cancel 21 trains and divert 10 others due to waterlogging on the tracks. Damage has been reported on the railway line between Kesamudram and Mahabubabad, prompting these changes. Passengers affected by the cancellations were transported by road to Kazipet Junction. The ...

Market News

Gaza’s First Polio Case in 25 Years Sparks Urgent Vaccination Campaign

Gaza’s First Polio Case in 25 Years Sparks Urgent Vaccination Campaign

Gaza has reported its first polio case in 25 years, affecting a 10-month-old boy who is now paralyzed in one leg. In response, Palestinian health authorities, alongside United Nations agencies, have launched a large vaccination campaign aimed at immunizing around 640,000 children. Despite ongoing violence and logistical challenges, efforts will focus on central Gaza before ...

Market News

Empowering Voices: Government’s Bold Steps for LGBTQI+ Rights and Inclusivity

Empowering Voices: Government’s Bold Steps for LGBTQI+ Rights and Inclusivity

The Ministry of Social Justice and Empowerment is gathering feedback from the public and stakeholders to enhance policies for the LGBTQI+ community. Following a Supreme Court ruling in October 2023, the government formed a high-level committee to clarify the rights and benefits for queer individuals. This committee has addressed important issues, such as access to ...

Market News

Prakash Kacholia: Small and Midcaps Hold Key to Market Resurgence

Prakash Kacholia: Small and Midcaps Hold Key to Market Resurgence

Prakash Kacholia, the managing director of Emkay Global Financial Services, recently shared his insights on Market trends in an interview. He notes that while markets have been struggling, there is potential for growth in the small and midcap (SMID) sectors, where earnings are improving and there are still good investment opportunities. However, he warns that ...

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