 "Unprecedented Floods Devastate Telangana: Rs 5,438 Crore in Damages")
The Telangana Government has reported significant damage from recent heavy rains and floods, estimating a total loss of Rs 5,438 crore. Key impacts include Rs 2,362 crore in damage to roads and buildings, Rs 175 crore to energy infrastructure, and Rs 415 crore in crop losses across 415,000 acres. Additional costs stem from damages in ...
 "Indian Bond Yields Steady Amidst Anticipation of US Economic Signals")
Indian government bond yields are expected to remain stable at the opening of trade on Tuesday, fluctuating between 6.85 and 6.89 percent, following a previous close of 6.8754 percent. Traders are closely watching U.S. economic data and the Federal Reserve’s upcoming rate decisions, which will impact Market trends. U.S. Treasury yields have recently increased as ...
 "Seven & i Holdings: The Retail Giant’s Bid for Transformation Under Pressure")
Seven & i Holdings Co., a diverse global retailer known for its various businesses like 7-Eleven, is currently facing a buyout proposal from Canada’s Alimentation Couche-Tard Inc. Originally a clothing store, Seven & i transformed into a major player in retail by introducing 7-Eleven in Japan, which now boasts over 21,000 locations. With pressures from ...
 "China’s Shift: Navigating Africa’s Debt Trap Towards Profitable Partnerships")
As Chinese President Xi Jinping hosts African leaders in Beijing, he enters a new economic phase focused on generating greater returns while minimizing risks. Over the last decade, China has invested over $120 billion in Africa through its Belt and Road Initiative, but some projects have faltered, leading to accusations of debt traps and corruption. ...
Broadband technology company Sterlite Technologies has reached a settlement with the Data Management Centre, agreeing to pay $467,400 (approximately Rs 4 crore) to resolve a dispute. The Data Management Centre had previously sought $2.7 million (around Rs 23 crore) in damages due to delays and unmet obligations in their agreement with Sterlite. According to a ...
 "India’s Billionaires Hit .19 Trillion Amidst Economic Challenges")
A recent report by Fortune India reveals that the collective wealth of India’s richest individuals has surpassed $1 trillion, reaching an impressive $1.19 trillion (about Rs 99.86 trillion). This marks a significant 50% increase from $832 billion in 2022, with the number of dollar billionaires in India rising to 185. Mukesh Ambani leads the rankings ...
 "Blackstone in Pursuit: .5 Billion AirTrunk Acquisition on the Horizon")
Blackstone Inc. is close to finalizing a significant deal to acquire Australian data center operator AirTrunk for over A$20 billion (approximately $13.5 billion), including debt. This transaction could be one of the largest in digital infrastructure this year. Blackstone has outbid other competitors, including a consortium with well-known investors, and is currently negotiating final terms ...
As of August 30, the area planted with paddy rice reached 40.87 million hectares, surpassing the normal 40.15 million hectares for this time of year. This increase is positive for overall production and may lead the government to lift some export restrictions that were put in place to manage prices and boost domestic supply. Ethanol ...
 "Trump’s Critique Sparks Tensions: Taiwan Defends Chip Industry Integrity")
Taiwan’s Economy Minister, Kuo Jyh-huei, defended the island against comments made by former President Donald Trump, who claimed that Taiwan is stealing the U.S. chip industry. Kuo emphasized that the chips produced in Taiwan are commissioned by American companies, which benefit the most from this collaboration. Trump’s remarks unsettled Taiwan’s officials and its markets, highlighting ...
 "CBI Arrests RG Kar Medical College Principal Amidst Financial Misconduct Scandal")
The Central Bureau of Investigation (CBI) has arrested Dr. Sandip Ghosh, the former principal of RG Kar Medical College and Hospital, along with three others for alleged financial misconduct. This move follows a petition by Dr. Akhtar Ali, a former deputy superintendent, who requested a more thorough investigation. The case gained significant attention after the ...
