Shake Shack shares jumped around 16% after topping market expectations for second-quarter same-store sales, as demand for its burgers and chicken sandwiches stayed robust even as competition intensifies for value meals in the United States.
Experts emphasize the need for an accurate early warning system that correlates rainfall and landslide potential, as rains wreak havoc in India's hills. Recent deluges have caused widespread devastation in Kerala's Wayanad and parts of Himachal Pradesh and Uttarakhand, resulting in numerous casualties and missing persons. This comes after extremely heavy rain triggered significant disasters, including landslides and floods.
Israel has been held responsible for the deaths of Hamas leader Ismail Haniyeh in Tehran and Hezbollah commander Fuad Shukr in Beirut within a span of 24 hours. This has heightened tensions in the region, especially amidst ongoing hostilities in Gaza and increasing cross-border conflict.
The Supreme Court upheld the National Financial Reporting Authority's 10-year audit ban and Rs 20 lakh penalty on Anil Chauhan for misconduct during the audit of Seya Industries. Chauhan's appeal was dismissed as he was found to be non-compliant and non-cooperative in meeting the required accounting and auditing standards.
FirstCry will have a total addressable market (TAM) of $12 billion in the UAE and Saudi Arabia's childcare sector by FY29, driven by higher birth rates than in China and the US. In India, that market segment for FirstCry is valued at $66 billion in the same period.
Gold prices rallied Rs 550 to Rs 72,500 per 10 grams in the national capital on Thursday on higher domestic demand and positive global trends. The yellow metal rose for the third day in a row, recovering from sharp losses due to the government's budget announcement of a customs duty cut on gold and silver.
Rescue teams saved approximately a thousand people in Wayanad, Kerala, due to landslides from heavy rain. The calamity caused 293 deaths, about 200 injuries, and 240 missing. Rahul Gandhi stressed the importance of relief efforts. Infrastructure rebuilding was aided by Karnataka officials and the Madras Engineering Group.
Legendary Chennai Super Kings (CSK) captain MS Dhoni has shared his thoughts on his future in the Indian Premier League (IPL), indicating that his decision to return for the next season will depend on team interests and the final rules and regulations. Dhoni, 43, is currently assessing the IPL's upcoming auction and retention policies before deciding whether to continue playing. Despite struggles with his knee, Dhoni contributed significantly with 161 runs in 11 innings during the 2024 season. However... Читать дальше...
Waqar Younis was likely to be appointed Chief Cricket Officer of the Pakistan Cricket Board. Initially joining as an advisor, he began learning about various cricket-related matters. Waqar will also join the national selection committee. He recently relocated from Australia to Lahore for this position.
The Zomi Student's Federation urged Union Minister Amit Shah to reconsider the withdrawal of Assam Rifles from Manipur's district boundaries, citing their role in maintaining buffer zones and safeguarding Kuki-Zomi tribals. A Meitei woman who strayed into a Kuki area was rescued by villagers and handed over to Assam Rifles for safe return.
Pakistan Cricket Board (PCB) chairman Mohsin Naqvi has advised his office and colleagues to refrain from issuing any statements regarding India's decision on sending its team for the ICC Champions Trophy early next year. According to information gathered by PTI, the PCB chief has decided to adopt a policy of not commenting on the issue and allowing the ICC to handle the matter.
Meta soared nearly 9% on Thursday after its rosy revenue growth signaled that strong digital-ad spending on its social media platforms can cover the cost of its AI investments.
The Indian rupee strengthened marginally and closed at 83.717 on Thursday versus the US dollar as the dollar index strengthened, but a likely intervention from the Reserve Bank capped weakness in the currency.
The World Bank warned that over 100 countries, including China, risked falling into a middle-income trap, impeding their path to becoming wealthy. These nations typically struggled upon reaching 10 percent of the US GDP per capita. The challenge encompassed over 75 percent of the global population and necessitated a new strategy. World Bank's economist Indermit Gill emphasized investment, technology infusion, and innovation. He highlighted South Korea's progress as a success story. The World Development... Читать дальше...
After months of marital problems and failed attempts at reconciliation, Ben Affleck and Jennifer Lopez are reportedly ready to file for divorce. The actors are currently living apart and getting ready to make a joint statement to announce their breakup.
The Association for Democratic Reforms (ADR) has formally addressed the Election Commission of India (ECI), raising concerns about discrepancies between the number of votes polled and votes counted in the recent Lok Sabha elections. ADR's analysis revealed a shortfall of 554,598 votes in 362 constituencies and an excess of 35,093 votes in 176 constituencies. They are demanding explanations from Chief Election Commissioner Rajiv Kumar and other commissioners. The ADR also referenced a 2019 Supreme... Читать дальше...
ITC’s first quarter performance exceeded street expectations with regard to revenue. While the result was declared after the market hours, the ITC scrip closed at a fall of 0.26% at Rs 493.75 when the benchmark Sensex went up by 0.15%.
The consolidated net profit of the Adani group’s flagship company rose 116% on year to Rs 1,458 crore. Total income for the quarter rose 13% on year to Rs 26,067 crore, while operating profit surged by 48% to Rs 4,300 crore.
States can now directly purchase rice from the Food Corporation of India at Rs 2,800 per quintal without having to participate in the e-auction, provided they need it for their welfare schemes. This announcement was made by Union Food and Consumer Affairs Minister Pralhad Joshi on Thursday. The central government did not supply rice to states last year due to concerns over a possible drop in output caused by poor monsoon rains. Karnataka’s request for rice for its welfare scheme was declined last year.
French drugmaker Sanofi announced on Thursday that it has received approval from India's Central Drugs Standard Control Organization (CDSCO) to market its novel therapy, Beyfortus, in India. The therapy is aimed at protecting newborns and infants from respiratory syncytial virus (RSV).
Wall Street's major stock indexes opened higher on Thursday driven by the Federal Reserve's indications of a potential September rate cut and a positive sales forecast from Meta. However, a pullback in chip stocks limited the gains.
The ICC has approved a budget of approximately USD 70 million for the Champions Trophy in Pakistan early next year. This budget, vetted by the ICC's financial committee led by BCCI secretary Jay Shah, includes an additional USD 4.5 million for unforeseen expenses. Speculation suggests this reserve could address potential venue changes if India opts out of playing in Pakistan. The ACC recently awarded future Asia Cups to India and Bangladesh. Despite challenges, the 2023 Asia Cup generated profits... Читать дальше...
Manipur police clashed with internally displaced protesters in Moreh, deploying tear gas and rubber bullets and resulting in four injuries. The protesters, seeking better living conditions, called for government aid to rebuild their homes. Chief Minister N Biren Singh confirmed 226 deaths and 59,000 displacements due to ethnic violence beginning on May 3, 2022.
Railway Minister Ashwini Vaishnaw accused Congress of amplifying minor rail incidents and neglecting safety measures. He outlined plans for additional coaches, Amrit Bharat trains, and the Kavach train protection system to enhance the railway network. The Lok Sabha approved the Demands for Grants of Railways amounting to Rs 7.89 lakh crore amid opposition protests.
Sometimes shares are bought to close an existing short position.
