Edward Johnson

China invests in Pakistan: MoUs signed in textile, technology, agriculture sectors

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China invests in Pakistan: MoUs signed in textile, technology, agriculture sectors

Chinese companies have signed multiple Memorandums of Understanding (MoUs) with Pakistan counterparts, Dawn reported. The MoUs were signed at the ‘Business Roundtable Conference’ held at the Pakistan Embassy in Beijing, as per Dawn. The agreements, focused on textile, technology, agriculture, and livestock sectors, were finalised at the ‘Business Roundtable Conference.’ At the conference, as many … Read more

fpis: FPIs buy Indian equities worth Rs 57,359 crore in September so far. 2024 tally crosses Rs 1 lakh crore mark

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fpis: FPIs buy Indian equities worth Rs 57,359 crore in September so far. 2024 tally crosses Rs 1 lakh crore mark

With just a session left for September to end, so far Foreign Portfolio Investors (FPIs) have been net buyers of Indian equities at Rs 57,359 crore. The total investments by them now stand at Rs 1,00,245 crore on the year-to-date basis and is highest in nine months. In August, FPIs bought domestic shares worth Rs … Read more

Hassan Nasrallah dead. Here’s who could succeed him as new Hezbollah leader?

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Hassan Nasrallah dead. Here’s who could succeed him as new Hezbollah leader?

Hassan Nasrallah, the leader of Hezbollah for the past 32 years, has reportedly been killed in an Israeli airstrike. His death marks a major setback for the militant group, which he led to prominence in the Middle East. Analysts believe Nasrallah’s death will weaken Hezbollah significantly and complicate the process of selecting his successor. Born … Read more

Former IPL chair claims Hundred franchise sale is ‘big fat Ponzi scheme’ | The Hundred

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Former IPL chair claims Hundred franchise sale is ‘big fat Ponzi scheme’ | The Hundred

The Hundred has been described as “a big fat Ponzi scheme” by a former chairman of the Indian Premier League as he doubled down on criticisms of the competition’s revenue projections after leaking key sections of the confidential document drafted by the England and Wales Cricket Board to pitch the tournament to foreign investors. In … Read more

Shanghai Stock Exchange to run test after transaction delay

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Shanghai Stock Exchange to run test after transaction delay

China’s Shanghai Stock Exchange will run tests on its auction and various other platforms on Sunday, the state-run Securities Times reported on Saturday, a day after an unexplained transaction delay. Friday’s delay on trades at the benchmark Shanghai Composite Index coincided with a Chinese stock rally that followed official announcements of a slew of monetary, … Read more

UK climate envoy to keep role at charity whose founders invest in fossil fuels | Climate crisis

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UK climate envoy to keep role at charity whose founders invest in fossil fuels | Climate crisis

The UK’s new climate envoy will retain her role on the board of a charity whose founders made a multimillion-pound donation to the Labour party and have investments in fossil fuels, the Guardian has learned. Rachel Kyte, the former World Bank climate chief who was announced as the UK’s special representative on climate this week, … Read more

Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO

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Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO

Kumar Arch Tech, which is into PVC blend-based building material products manufacturing, has filed preliminary papers with capital markets regulator Sebi to garner Rs 740 crore through an initial public offering (IPO). The proposed IPO is a mix of fresh issuance of shares valued Rs 240 crore, and an offer-for-sale (OFS) of shares worth Rs … Read more

F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

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F&O Talk| Nifty northward rally to continue in near term, sector rotation plays crucial role: Sudeep Shah of SBI Securities

Indian markets rose by 1.7% this week, marking a third consecutive weekly gain, driven by favorable global and domestic factors. The positive momentum was fueled by the US Federal Reserve’s rate cut and steady economic data, leading to increased foreign investments. Additionally, China’s economic stimulus boosted global investor confidence, particularly in Asian markets. Metals and … Read more