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Showing posts from July, 2023

News24.com | Dead bodies on Monwabisi beach: Court backlog stalls trial of 6 men found with 3 bodies

Six men arrested for dumping bodies on Monwabisi beach during the Covid-19 lockdown are yet to go on trial due to the Western Cape High Court backlog. from News24 Top Stories https://ift.tt/7bQNFmC

News24.com | Car torched, roads closed amid protest in Slovo informal settlement in Johannesburg

A vehicle has been torched during a protest, believed to be over illegal mining and related violence, at Slovo informal settlement along the N12 in Johannesburg. from News24 Top Stories https://ift.tt/JlG4dVk

News24.com | Gauteng man arrested for murder of girlfriend whose body was found inside burnt out car

Gauteng police have arrested a man whose girlfriend was found dead inside a burnt out car in March. from News24 Top Stories https://ift.tt/EFzA92O

Adani Green Energy Net Profit Rises 51% To Rs 323 Crore In June Quarter

Adani Green Energy on Monday reported a nearly 51 per cent rise in consolidated net profit to Rs 323 crore in the June 2023 quarter, mainly driven by higher revenues. The company had posted Rs 214 crore consolidated net profit in the quarter ended June 2022, a BSE filing showed. Its total income rose to Rs 2,404 crore in the quarter from Rs 1,701 crore in the year-ago period. With an operational capacity of 8,316 MW, it continued to have the largest operating renewable energy portfolio in the country, the company said in a statement. Its energy sales increased by 70 per cent year-on-year to 6,023 million units in June quarter from 3,550 million units. The solar portfolio CUF (capacity utilisation factor) has improved by 40 basis points year-on-year to 26.9 per cent in the first quarter with consistent high plant availability and improved solar irradiation, it said. For the wind portfolio, the sale of energy has increased by 34 per cent due to strong capacity addition, though the

News24.com | Hawks block R23m payment from Free State municipality to security company amid corruption probe

The Hawks have blocked a R23 million payment from a Free State municipality to a security company accused of fraud, corruption, and contravening the Municipal Finance Management Act. from News24 Top Stories https://ift.tt/lg8R4fy

Sensex Bounces Back After Fall In Early Trade Amid Foreign Fund Outflows

Equity benchmark indices declined in early trade on Monday as investors remained cautious amid continuous foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex went lower by 161.3 points to 65,998.90 in early trade. The NSE Nifty declined 48.45 points to 19,597.60. However, later both the benchmark indices were trading flat bouncing back from the initial decline. The BSE benchmark quoted 10.26 points higher at 66,170.46 while the Nifty traded 1.40 points up at 19,647.45. From the Sensex pack, Asian Paints, Bajaj Finance, Bharti Airtel, ITC, Hindustan Unilever and Kotak Mahindra Bank were the major laggards. NTPC, Tata Steel, JSW Steel, Power Grid, Tata Motors and Tata Consultancy Services were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,023.91 crore on Friday, according to exchange data. "In India even though the underlying strength of the market is strong, FPI selling of Rs 5,000 crore during the last t

News24.com | Quinton de Kock's 87 in vain as MI New York storm to Major League Cricket title

Quinton de Kock's 87 off 52 balls was not enough as his Seattle Orcas were beaten by MI New York in the final of the inaugural Major League Cricket tournament in Dallas. from News24 Top Stories https://ift.tt/J96TizK

News24.com | Kgalema Motlanthe lauds gender, race mix in ANC Veterans' League executive committee

Former president Kgalema Motlanthe, who oversaw the ANC Veterans' League conference's electoral process, hailed the "good performance" that avoided leadership squabbles in electing unopposed the league's 27-member executive committee that included 17 women. from News24 Top Stories https://ift.tt/Lmp8Tx4

News24.com | Domestic workers face spiralling debt as sector bleeds jobs - survey

A survey of domestic workers by SweepSouth found the sector suffered "masses of job losses" over the past year, with the leading cause being employers moving. Nearly 60% of these moves were emigrations. from News24 Top Stories https://ift.tt/PCjir6c

News24.com | KZN National Freedom Party councillor, 75, shot dead at her home in Nongoma

A National Freedom Party (NFP) councillor has been shot dead in Nongoma, KwaZulu-Natal. from News24 Top Stories https://ift.tt/GcaAytW

News24.com | Ramokgopa: More red tape cut for independent power producers

Independent power producers hoping will now be able to make use of a newly-launched "one-stop shop" that will significantly cut red tape and speed up processes, Electricity Minister Kgosientsho Ramokgopa has said. from News24 Top Stories https://ift.tt/mLkYaoR

News24.com | Nienaber and co take blame for affecting Bok rhythm with mix-and-match strategy

Springbok coach Jacques Nienaber pardoned his troops' iffy showing against Argentina on the basis that his mix-and-match selection strategy is depriving them of rhythm. from News24 Top Stories https://ift.tt/tzrUvPO

News24.com | Hikes ahead for all fuel grades in August

The Automobile Association has flagged the repeated hikes to diesel prices as "most concerning". from News24 Top Stories https://ift.tt/tex1HOa

News24.com | Duane endorses this 'Eskom' blowing out the lights ahead of World Cup: 'He's phenomenal'

Marco van Staden is the one 'Eskom' Duane Vermeulen and his fellow Springbok teammates would not mind causing a blackout ... of opponents, of course. from News24 Top Stories https://ift.tt/hnrvVmw

News24.com | Lost and found: The tech tools available in South Africa to find your pet

There are a variety of tech products in South Africa that can be used to track pets. from News24 Top Stories https://ift.tt/tlNRXC4

News24.com | J&J effort to resolve baby powder cancer lawsuits in bankruptcy fails a second time

A US judge on Friday shot down Johnson & Johnson's second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits. from News24 Top Stories https://ift.tt/xITfnaz

News24.com | Anderson no interest in retiring: 'I've got a lot more to give'

England fast bowler James Anderson insists that turning 41 on Sunday will not push him into retirement, claiming he "has a lot more to give". from News24 Top Stories https://ift.tt/Q4kEysV

News24.com | Top 3 F1 drivers react after Belgian GP qualifying: 'We know the car is quick'

Max Verstappen secured pole position for Sunday's Belgian Grand Prix, but the Dutchman will not start on pole position. from News24 Top Stories https://ift.tt/5P1x2Ck

News24.com | Wife of slain KZN cop gets 25 years for his murder, hitman sentenced to life imprisonment

The Mtunzini High Court sentenced a hitman, who was convicted for killing a policeman, to life imprisonment. from News24 Top Stories https://ift.tt/1MhtHrA

News24.com | Russia is committed to making 'a real contribution' on continent, Putin tells African leaders

Russian President Vladimir Putin has committed to continue making "a real contribution" to fighting terrorism, extremism, pandemics and hunger in Africa, and ensuring that the continent does not face new 'hotbeds of tension'. from News24 Top Stories https://ift.tt/o8c1lKT

News24.com | 'Postpone outdoor plans': Western Cape disaster teams on high alert as cold, wet weather approaches

The cold, wet and windy weather is expected to make a comeback in the Western Cape over the weekend and it's expected to be so unpleasant that people have even been advised to cancel their plans. from News24 Top Stories https://ift.tt/2Be5Uzw

News24.com | Zim permit saga continues as home affairs minister seeks leave to appeal High Court judgment

Zimbabwean Exemption Permit holders' woes are still not over after the Minister of Home Affairs applied for leave to appeal a finding on his decision to terminate the permits. from News24 Top Stories https://ift.tt/lYcuw2I

News24.com | JUST IN | SIM swap done on Senzo Meyiwa's number a day after he was shot, says police expert

The Gauteng High Court in Pretoria has heard that a SIM swap was done on Senzo Meyiwa's cellphone number a day after he was killed. from News24 Top Stories https://ift.tt/rP1lxci

News24.com | Spar names KZN division chief Angelo Swartz as its new CEO

After nearly six months without a permanent CEO to head up its operations, Spar has appointed company insider Angelo Swartz, who has been with the JSE-listed retailer for 16 years, to take on the top job. from News24 Top Stories https://ift.tt/jpdtyz4

News24.com | Another body found at Johannesburg substation

The body of a suspected cable thief has been found at a Johannesburg substation - just days after two bodies were found at other substations in the city. from News24 Top Stories https://ift.tt/Ft4TQM0

News24.com | 'I am very ruthless': EFF's Malema warns Shivambu on conspiring against him

Describing himself as 'ruthless' against people who conspire against him, EFF leader Julius Malema says his deputy and closest ally, Floyd Shivambu, should be frank with him if he wants to see Malema gone. from News24 Top Stories https://ift.tt/O6sWnGt

Sensex Falls 204 Points In Early Trade; Nifty Declines 60 Points

Equity benchmark indices Sensex and Nifty declined in early trade on Friday amid foreign fund outflows and weak trends in the US markets. Extending its previous day's fall, the 30-share BSE Sensex went lower by 204.84 points to 66,061.98. The NSE Nifty declined 60.35 points to 19,599.55. From the Sensex pack, Axis Bank, Bajaj Finserv, NTPC, HDFC Bank, Tata Consultancy Services, JSW Steel, Tech Mahindra, ICICI Bank and Kotak Mahindra Bank were the major laggards. Mahindra & Mahindra, ITC, Reliance Industries and Wipro were among the gainers. In Asian markets, Seoul, Shanghai and Hong Kong were trading in the green while Tokyo quoted lower. The US markets had ended in the negative territory on Thursday. Meanwhile, global oil benchmark Brent crude was trading 0.40 per cent lower at USD 83.90 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,979.44 crore on Thursday, according to exchange data. The BSE benchmark had plunged 440.38 points or 0.66

India GDP To Grow 6.3% In FY24, Economic Prospects Brighten: Deloitte

India is likely to grow 6-6.3 per cent in the current fiscal year ending March 31, 2024, Deloitte India said in its economic outlook, forecasting growth surpassing 7 per cent over the next two years if global uncertainties recede. With the probability associated with a recession in major industrial countries this year trimming, several economic indicators such as the tight labour markets and reduced risk spreads post the US banking crisis suggest that downside risks to global growth are subsiding. Yet, there remain significant uncertainties around the actions of the central banks of major economies and the oil price movements, the economic outlook said. "Amid continuing global uncertainties, India continues to see strong economic activity," it said. "Keeping in view the resilience shown by the economy, Deloitte is optimistic about the outlook and has put out its expectation for this year and the next. Deloitte expects India to grow between 6 per cent and 6.3 per cent

Adani Group's Mundra Port Handled 5,300 TEUs In July

Adani Group-owned Mundra port in Gujarat handled over 5,300 twenty-foot equivalent units (TEUs) in July 2023. With this the handling has crossed the pre-Cyclone Biparjoy levels of around 4,900 TEUs, Adani Group said in a statement on Thursday. Group company Adani Ports and Special Economic Zone Ltd (APSEZ) operates the Mundra Port which is the largest integrated transport utility in India. "The average number of TEUs handled by rail at the Mundra port has crossed 5,300 in July, surpassing the pre-Cyclone Biparjoy levels of around 4,900," it said. The cyclone disrupted operations and caused unavoidable operational downtime for around six days. Mundra is the largest container handling port in India, having handled more than 6.6 million TEUs in FY23, making it an integral gateway to the north and central parts of the country. Despite the disruption due to the cyclone, the port posted a commendable growth of 4.4 per cent year-on-year in Q1 FY24 in container handling. A new

News24.com | Banyana coach hints at keeping faith in Swart, hopeful on Hildah for Argentina clash

Banyana Banyana coach Desiree Ellis hinted at Kaylin Swart getting another run ahead of Andile Dlamini for Friday's crucial Group G World Cup clash against Argentina at the Forsyth Barr Stadium in Dunedin. from News24 Top Stories https://ift.tt/z294Rh6

News24.com | Ex-Steinhoff CEO Markus Jooste loses appeal against German arrest warrant

Markus Jooste, former chief executive officer of scandal-ridden retailer Steinhoff , lost an appeal against the arrest warrant issued by a German court after he failed to show up for trial in the country. from News24 Top Stories https://ift.tt/GCPu4va

News24.com | Meyiwa trial: Defence lawyer zooms in on alleged contradictions in State witnesses' testimony

A lawyer representing two of the five men accused of killing former Bafana Bafana captain Senzo Meyiwa has zoomed in on alleged contradictions between the testimony of the State's first witness, Zandile Khumalo, and its third witness, Nthabiseng Mokete. from News24 Top Stories https://ift.tt/TnI1umi

News24.com | Two suspected cable thieves found burnt beyond recognition inside City Power infrastructure

City Power technicians responding to power outages found badly burnt bodies of suspected cable thieves. One was found inside a substation and the other in a trench. from News24 Top Stories https://ift.tt/qFx4KPs

News24.com | SA's Heinrich Klaasen smashes first-ever century in Major League Cricket

South Africa's Heinrich Klaasen became the first player to score a century in Major League Cricket when he smashed 110 not out off 44 balls for the Seattle Orcas against MI New York. from News24 Top Stories https://ift.tt/eyhvHqm

News24.com | Sasol shares lift after production report pleases market

Shares in chemicals and energy giant Sasol lifted almost 4% on Tuesday morning after it reported it had met its guidance across its operations, while managing to exceed it at Secunda. from News24 Top Stories https://ift.tt/DWtdCFU

News24.com | Shoprite books double-digit sales growth as it continues to take market share from rivals

Shoprite, SA's largest retailer, reported double-digit full year sales growth across its core brands on Tuesday as it continued its major store expansion and even as it spent R1.3 billion on diesel to keep the lights on during load shedding. from News24 Top Stories https://ift.tt/ZKzRUyI

News24.com | 'I hear this from you': Zandile Khumalo pleads ignorance when told she's a suspect in Meyiwa murder

One of the lawyers in the Senzo Meyiwa trial has revealed that all the people who were in the house the day the soccer star was shot and killed in October 2014 remain suspects in his death. from News24 Top Stories https://ift.tt/7cW69Nu

Centre Clears 8.15% Interest Rate On Employees Provident Fund For 2022-23

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per an official order issued on Monday, the EPFO has asked the filed offices for crediting the interest at 8.15 per cent on EPF for 2022-23 into the accounts of members. The order came after the finance ministry's concurrence to the EPF rate of interest approved by EPFO trustees earlier in March this year. Now the EPFO field offices will start the process of crediting the interest into subscribers' accounts. In March 2022, Employees' Provident Fund Organisation (EPFO) had reduced the interest rate on EPF deposits for 2021-22 to a four-decade low of 8.10 per cent from 8.5 per cent in 2020-21. This was the lowest since

News24.com | Wayde van Niekerk comes out on top in 400m street fight in London to stay unbeaten

Wayde van Niekerk remains unbeaten in the 400m this season after he held his nerve to cross the finish line first at the London Diamond League athletics meet on Sunday. from News24 Top Stories https://ift.tt/OVymdF3

News24.com | Amplats earnings plunge over 70% as lower production and prices bite

The platinum miner announced an dive in earnings but said this was in line with expectations. from News24 Top Stories https://ift.tt/nE3peAk

News24.com | Open champion Harman keen to de-stress on his tractor

British Open champion Brian Harman says he will celebrate his first major win at Hoylake by jumping on his new tractor, joking that he is a man of many layers "like an onion". from News24 Top Stories https://ift.tt/36fBIJP

News24.com | Veuve Cliquot exploring new African markets as the continent thirsts for Champagne

Veuve Clicquot, the Champagne maker that’s part of luxury-goods powerhouse LVMH, is exploring new markets in Africa as demand for premium products rises on the continent. from News24 Top Stories https://ift.tt/Y35ml1r

News24.com | Arendse expected to return for Boks in No 11 jersey against Argentina - report

Hat-trick hero Kurt-Lee Arendse is expected to make a return to the Springbok starting 15 against Argentina in the final Rugby Championship Test at Ellis Park on Saturday. from News24 Top Stories https://ift.tt/GRl9a3A

News24.com | Former ANCWL leader Bathabile Dlamini the least-nominated candidate for presidency by branches

Former ANC Women's League leader Bathabile Dlamini received the least number of nominations (258) for the league's presidency, trailing Eastern Cape delegate Sisisi Tolashe who led the pack with 1 564. from News24 Top Stories https://ift.tt/1BneDRX

News24.com | LISTEN | Please, sir, may they have some more? Laduma Ngxokolo responds to MaXhosa residency uproar

South African luxury knitwear brand - MaXhosa, owned by fashion designer Laduma Ngxokolo has found itself in hot water for its R4 000 internship programme. from News24 Top Stories https://ift.tt/Gyjmeg4

News24.com | 'Worse than lockdown': Street traders count cost of Joburg explosion on deserted weekend

On a typical Saturday, street traders run busy, profitable businesses. But the explosion that unexpectedly cleared the streets (and the normal foot traffic) left them without customers and counting their losses. from News24 Top Stories https://ift.tt/LO8geAy

News24.com | ANC Women's League played a role in Polokwane factional fights, Baleka Mbete tells congress

ANC Women's League national task team convener Baleka Mbete says the league was left wounded and divided by the factional battles that emerged at the ANC's 2007 Polokwane conference. from News24 Top Stories https://ift.tt/3Om8lTb

News24.com | Five trucks torched in Gqeberha protests over the past month

Protestors demanding electricity and water stone and burn trucks, but municipality say the torchings are purely criminal. from News24 Top Stories https://ift.tt/Uw0f7oD

News24.com | Mamkhize's millions: ANC pushes for R27m Royal AM sponsorship in poverty-stricken Msunduzi municipality

The ANC in the Msunduzi Local Municipality in KwaZulu-Natal has proposed and backed a R27 million deal for Premier Soccer League outfit Royal AM, which is owned by wealthy businesswoman Shauwn Mkhize. from News24 Top Stories https://ift.tt/xSAaCQ6

News24.com | 'I'm less paranoid now': Why it's important for victims of crime to seek help

In South Africa, with its ever-escalating statistics for murder, assault and robbery, victims of crime still seem reluctant to seek help, thanks to stigmas attached to counselling and therapy. from News24 Top Stories https://ift.tt/yb0Mgjk

News24.com | India bans some rice exports immediately, SA may face trouble if it lasts long

India, the world’s biggest rice exporter, has banned some overseas sales "with immediate effect". from News24 Top Stories https://ift.tt/p9UQVG1

Decentralized Finance (DeFi): Revolutionizing Financial Systems

In financial systems, change often comes incrementally, built upon existing infrastructure. But there are moments when innovation ushers in a sweeping transformation. Such is the case with decentralized finance, commonly referred to as DeFi. This pioneering force is poised not just to disrupt but to revolutionize the traditional financial industry. The principle underlying DeFi is as elegant as it is groundbreaking: decentralization. DeFi envisages a democratized financial ecosystem that eschews centralized authority by employing blockchain technology, the robust engine powering cryptocurrencies. The network participants themselves regulate this transparent and inclusive system, circumventing banks, governments, and financial institutions. A glance back at the financial landscape of 2009 reveals the launch of Bitcoin, the trailblazing decentralized cryptocurrency. Its primary objective was to emancipate financial transactions from the chains of centralized oversight. Today, the BTC

Infosys Cuts Growth Outlook, Shares Fall 10%, M-Cap Falls Rs 43,776 Crore

Shares of Infosys tanked nearly 10 per cent this morning after the company reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock tumbled 9.47 per cent to Rs 1,311.60 on the BSE. At the NSE, shares of the company cracked 9.96 per cent to Rs 1,305 apiece. The company's market capitalisation (mcap) fell by Rs 43,776.29 crore to Rs 5,57,287.83 crore in morning trade. It was the biggest laggard among both Sensex and Nifty firms. The 30-share BSE Sensex quoted 633.76 points or 0.94 per cent lower at 66,938.14, while the NSE Nifty traded with a decline of 168.90 points or 0.85 per cent at 19,810.25. Infosys on Thursday reported a lower-than-expected 11 per cent rise in net profit for the June quarter and delivered a shocker as it slashed its FY24 growth outlook to 1-3.5 per cent on delayed decision-making by clients amid global macro uncertainties. The net profit came in at Rs 5,945 crore for the quarter en

News24.com | ANC routed by IFP in KZN by-elections, but gains control of crucial Mangaung council

The IFP wrestled Ward 6 of Mthonjaneni Local Municipality from the ANC while retaining Ward 2 in the Nkandla Local Municipality - former ANC president Jacob Zuma's backyard. from News24 Top Stories https://ift.tt/O2NBkU6

News24.com | SABC: 7de Laan's 1.2 million viewers not enough to stay on air

According to the South African Broadcaster, 7de Laan is "no longer attracting the right numbers to remain a commercially viable product". from News24 Top Stories https://ift.tt/1MqbIm8

News24.com | Rassie says U20 Rugby Championship will help Junior Boks catch up to northern counterparts

SA Rugby's director of rugby, Rassie Erasmus, has lauded Sanzaar's decision to launch an U20 Rugby Championship. from News24 Top Stories https://ift.tt/VEwy9HL

NCLT Extends Deadline To Complete Insolvency Of Future Retail To August 17

The National Company Law Tribunal (NCLT) has extended the deadline for completion of insolvency proceedings of debt-ridden Future Retail Ltd (FRL) to August 17, 2023. The Mumbai bench has allowed the plea of FRL to exclude 33 days from the corporate insolvency resolution process (CIRP), the company informed in a regulatory filing. "In furtherance of the above, the NCLT on July 17, 2023, heard the application and granted the said exclusion of 33 days' from CIRP of FRL," said FRL. It further added: "Consequently, the last date for completion of CIRP of FRL is August 17, 2023." According to FRL, this is based on an oral pronouncement by NCLT bench and a written order is awaited. Earlier in April, the NCLT bench had granted FRL an extension of 90 days till July 15, 2023 for concluding the CIRP. The Insolvency & Bankruptcy Code (IBC) mandates to complete CIRP within 330 days, which includes time taken during litigations. The CIRP was initiated against FRL b

News24.com | 'We've got a bunch of thieves ruling us' – Mathews Phosa

ANC veteran Mathews Phosa says leaders are "stealing like hell from taxpayers", and SA is led by a "bunch of thieves". from News24 Top Stories https://ift.tt/KaQ1b80

News24.com | Truck drivers forum denies direct involvement in arson, but court documents link it to the violence

While All Truck Drivers Forum Allied SA (ATDF ASA) denies direct involvement in a string of arson attacks on trucks, it has been linked to the violence, court documents show. from News24 Top Stories https://ift.tt/X4pcvmg

Tata Group To Invest Over $5 Billion In UK Electric Battery Factory

Indian conglomerate Tata Group will invest over 4 billion pounds ($5.2 billion) in a giant battery plant in southwest England that will create thousands of jobs, the UK government and the company said on Wednesday. "Tata Group will be setting up one of Europe's largest battery cell manufacturing facilities in the UK. Our multi-billion-pound investment will bring state-of-the-art technology to the country," said Tata chairman N. Chandrasekaran. The factory -- Tata Group's first gigafactory outside India -- will be built in Somerset after the site reportedly beat off competition from Spain. Production is due to begin at the factory in 2026, creating up to 4,000 jobs and thousands more in the wider supply chain. The investment will boost the UK's battery manufacturing capacity -- critical to supporting the electric vehicle industry. Britain plans to ban the sale of new high-polluting diesel and petrol cars from 2030, forcing its car manufacturing sector to switc

News24.com | Two children among five people killed in Cape Town fire

Two children, two men and one woman have died in a fire in Kleinvlei, Cape Town. from News24 Top Stories https://ift.tt/w05p7v2

News24.com | Mpumalanga Economic Growth Agency's conduct led man's illegal removal from his home, court finds

The Mpumalanga High Court has affirmed findings by the SA Human Rights Commission that the conduct of the Mpumalanga Economic Growth Agency contributed to the illegal removal of a man from his home. from News24 Top Stories https://ift.tt/Kp2e9fc

News24.com | Free State cop arrested for allegedly aiding a suspect escape from custody

A police officer has been arrested for allegedly helping a man escape from custody. The 56-year-old woman has been charged with defeating the ends of justice and aiding an escape. from News24 Top Stories https://ift.tt/dPntRgQ

Sensex, Nifty Dream Run Continues As Both Touch All-Time Highs

Equity benchmark indices Sensex and Nifty continued their dream run today, reaching record high levels in early trade, driven by foreign fund inflows and optimism in the US markets. Buying in index majors Reliance Industries and HDFC Bank also helped the markets maintain their winning momentum. Rallying for the fifth day running, the 30-share BSE Sensex climbed 293.59 points to reach its new all-time intra-day peak of 67,088.73 in early trade. The NSE Nifty gained 80.3 points to hit record intra-day high of 19,829.55. From the Sensex pack, NTPC, IndusInd Bank, Infosys, Power Grid, Tech Mahindra, Wipro, Reliance Industries and HDFC Bank were the biggest gainers. IndusInd Bank quoted nearly 2 per cent higher after the company on Tuesday reported 30 per cent jump in consolidated net profit for April-June at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions. Maruti, Mahindra & Mahindra, Asian Paints, Tata Consultancy Services, Bharti Airtel and Nestle w

News24.com | Derek Watts thanks 'absolutely wonderful' Carte Blanche family as he announces retirement from show

Derek Watts confirmed that after 35 years as a presenter on Carte Blanche, he is leaving the show to focus on his health. from News24 Top Stories https://ift.tt/TP5ZGaf

News24.com | Dickason trial: New Zealand court hears how Graham found his children dead in their beds

On Tuesday morning, Graham Dickason's police interview was played to the High Court in Christchurch, New Zealand, on the second day of the murder trial of his wife, Lauren Dickason. from News24 Top Stories https://ift.tt/srP2yoG

News24.com | ICC cash makes Cricket SA smile as bumper summer season looms

Cricket South Africa's chief executive officer Pholetsi Moseki said their annual International Cricket Council disbursement for the next four years will go a long way to easing their recent financial losses. from News24 Top Stories https://ift.tt/HrOF4B7

News24.com | Cyril Ramaphosa | Let's remember Madiba by striving for peace

Striving for peace in the world, for an end to conflicts everywhere, and for a true international fellowship of humankind are the ideals that Nelson Mandela stood for, writes Cyril Ramaphosa in his weekly newsletter. from News24 Top Stories https://ift.tt/6Z5kEDr

News24.com | WATCH LIVE | Nafiz Modack and co-accused appear in Western Cape High Court for VAT fraud

Nafiz Modack and a large group of his co-accused will fill the dock in their pre-trial appearances in the Western Cape High Court on Tuesday. from News24 Top Stories https://ift.tt/nHeibfA

News24.com | 'Let us get back to business': DA dismisses Good's voter fraud claims ahead of George by-elections

The DA says it conducted a "robust" campaign in the lead-up to Wednesday's by-elections in George, dismissing allegations of voter registration fraud which the Good party levelled against it over the weekend. from News24 Top Stories https://ift.tt/XxD2Hre

Sensex Closes Above 66,000 Again, Nifty Records New All-Time High

Benchmark Sensex and Nifty closed at new lifetime high levels on Monday on foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 529.03 points or 0.80 per cent to settle at its new all-time closing high of 66,589.93. During the day, it climbed 595.31 points or 0.90 per cent to hit its lifetime intra-day peak of 66,656.20. The NSE Nifty went up by 146.95 points or 0.75 per cent to end at a new record high of 19,711.45. During the day, it rallied 167.35 points or 0.85 per cent to its record intra-day high of 19,731.85. From the Sensex pack, State Bank of India, Wipro, Reliance Industries, HDFC Bank, Kotak Mahindra Bank and IndusInd Bank were the major gainers. HDFC Bank climbed 2 per cent after the company reported a 29.13 per cent jump in consolidated net profit for the June quarter at Rs 12,370.38 crore. Tata Motors, Bharti Airtel, Titan and JSW Steel were among the laggards. "Despite the mixed performance observed

News24.com | 'Very, very worried.' Ramokgopa sounds alarm on Koeberg refurbishment

The refurbishment of Koeberg seems to be running overtime - again - with the possibility emerging that both units will be out of service at the same time. This would mean higher load shedding stages into 2024. from News24 Top Stories https://ift.tt/KukSjcf

News24.com | Beaten in the air, but scrumhalf Williams says Boks can take enough positives from NZ defeat

Grant Williams said the Springboks would take a few positives from their 35-20 defeat against the All Blacks in Auckland on Saturday. from News24 Top Stories https://ift.tt/6VhF10x

About 140 Nations Close To Reaching Pact On Global Tax Deal For Multinationals

The US, India and about 140 other nations are close to reaching an agreement on the overhauling of global tax norms to ensure that multinationals pay taxes wherever they operate. At a meeting with Finance Minister Nirmala Sitharaman on the sidelines of G20 finance ministers and central bank governors meeting here, US Treasury Secretary Janet Yellen appreciated India's focus on finalizing the "historic Two-Pillar global tax deal" in the OECD's Inclusive Framework. "I believe that we are close to reaching an agreement," Yellen said in her remarks at the bilateral meeting. In a major reform of the international taxation system, about 140 countries, including India, have agreed to an overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum of 15 per cent rate. However, the deal requires countries to remove all digital services tax and other similar measures and to commit not to introduce such measures in the

News24.com | All Blacks monitoring try-scoring Jordan's migraines after dazzling display against Boks

All Blacks coach Ian Foster has said the side will continue monitoring Will Jordan's migraines after the winger's dazzling display against South Africa on Saturday. from News24 Top Stories https://ift.tt/cGd62WC

News24.com | Disturbing details of how Lauren Dickason allegedly killed her 3 children emerge in New Zealand court

According to reports, prosecutor Andrew McRae said during the first day of court proceedings that the children were asphyxiated by way of cable ties applied around the neck. When this method failed, Lauren smothered them with their blankets. She then attempted to take her own life. from News24 Top Stories https://ift.tt/rqUDBXx

'Stable Investment Climate': Canada Pension Funds Look To Invest In India

Canadian pensions funds would be keen to explore investing in infrastructure funds in India as the country offers a stable investment climate, Finance Minister Chrystia Freeland said on Sunday, according to an Indian government statement. Union Finance Minister Smt. @nsitharaman and Canadian Deputy Prime Minister and Minister of Finance Ms Chrystia Freeland @cafreeland met on the sidelines of the 3rd G20 Finance Ministers and Central Bank Governors #G20FMCBG meeting in Gandhinagar, Gujarat, today. Building on the... pic.twitter.com/8rTWcMuWlh — Ministry of Finance (@FinMinIndia) July 16, 2023 Finance Minister Nirmala Sitharaman, meeting Ms Freeland on the sidelines of a gathering of Group of 20 finance ministers and central bankers in Gujarat, discussed progress on bilateral trade negotiations, Ms Sitharaman's office said in a tweet. from NDTV Profit-Latest https://ift.tt/rP0qksx Canadian pensions funds would be keen to explore investing in infrastructure funds in Indi

News24.com | Alleged cop killer arrested in Joburg just hours after sergeant shot dead in Limpopo

The Hawks have arrested a 33-year-old man in connection with the murder of an off-duty police officer in Limpopo on Sunday. from News24 Top Stories https://ift.tt/7jtAwxg

News24.com | It's a political campaign that won’t succeed, says Mbalula on Mashatile's troubles

The ANC’s secretary-general Fikile Mbalula says there is a clear political campaign against Deputy President Paul Mashatile. from News24 Top Stories https://ift.tt/xz5PfFc

News24.com | One killed, child missing after blaze sweeps through KZN informal settlement

One person has been killed, while a child has been reported missing after a blaze swept through the Kennedy Road informal settlement in KZN on Sunday morning. from News24 Top Stories https://ift.tt/nqj5CGk

News24.com | Undeterred by All Black setback, Nienaber believes Springboks have found plenty of answers

Springbok coach Jacques Nienaber said they've got the answers they've wanted from the opening two Rugby Championship games despite the mixed results over the past two weekends in Tshwane and Auckland. from News24 Top Stories https://ift.tt/OYQyacE

News24.com | Record heatwaves sweep the world, from US to Japan via Europe

Tens of millions were battling dangerously high temperatures in the United States on Saturday as record heat forecasts hung over Europe and Japan, in the latest example of the threat from global warming. from News24 Top Stories https://ift.tt/o39ZCKN

News24.com | Three arrested for gruesome murders of Eastern Cape shop owner and her assistant

Three people have been arrested in connection with the murder of an Eastern Cape shop owner and her assistant. from News24 Top Stories https://ift.tt/zL8G7Qi

News24.com | A year after Covid-19 nightmare, SA still has no budget for pandemics

Just months after the World Health Organisation declared that the Covid-19 pandemic had ended, it has emerged South Africa does not have a budget for pandemics. from News24 Top Stories https://ift.tt/ZrX3y6F

News24.com | Springboks crash to defeat against flying All Blacks in World Cup wake-up call

The Springboks were rudely reminded of the difficulties of Test match rugby in New Zealand when they were beaten 35-20 by the All Blacks at the Mount Smart Stadium in Auckland on Saturday from News24 Top Stories https://ift.tt/93tA7hY

News24.com | Zephany Nurse kidnapper attends pre-release programmes until she is paroled next month

In a month's time, the woman who made headlines when she was jailed for kidnapping Zephany Nurse and raising her as her own - will be released on parole and placed under correctional suprvision for three years. from News24 Top Stories https://ift.tt/w2HmzAh

News24.com | Eastern Cape shop owner and assistant found dead, burnt beyond recognition

The search for Eastern Cape Methodist Church lay priest and general store owner Zoleka Gantana and her employee, Kholosa Mpunga, has ended after the discovery of their dismembered bodies, which were burnt beyond recognition. from News24 Top Stories https://ift.tt/NFjlnQq

News24.com | Sustainable fashion: Here's how some South Africans are playing their part

From thrifting clothes on an app to creating a clothing line from curtains, South Africans are trying to make a difference to help save the planet. from News24 Top Stories https://ift.tt/6GHS0OU

News24.com | Vaal 'exorcism': Family in court over mother's brutal killing

The township of Evaton, south of Johannesburg, has been rocked by the brutal death of a 'demon-possessed' woman allegedly at the hands of her husband and children. from News24 Top Stories https://ift.tt/a0WVx3r

News24.com | Bok camp rallies behind Eben, Jaden ahead of All Blacks clash: 'We're a family,' says Stick

Springbok assistant coach Mzwandile Stick said their hearts and minds have been with Eben Etzebeth this week as they prepared for Saturday's clash against the All Blacks in Auckland. from News24 Top Stories https://ift.tt/GzkmyUs

Markets Regulator SEBI's New Disclosure Norms To Kick In From Tomorrow

The compliance burden on listed companies is set to increase from Saturday as capital markets regulator SEBI has put in place a stricter timeline for disclosure of material events or information by them. Under this, the Securities and Exchange Board of India (SEBI) has given 12 to 24 hours for disclosures. The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms to stock exchanges. Such agreements need to be disclosed within 12 hours in case a listed entity is a party and within 24 hours where the listed entity is not a party. Disclosure of family settlement agreements was already required under the existing Para A of Schedule III under the LODR (Listing of Obligations and Disclosure Requirements) Regulations. Further, for material events or information that emanate from the

News24.com | 'He's not been feeling well': Zuma in Russia seeking treatment as court rules he must return to jail

Former president Jacob Zuma is currently unwell and seeking medical assistance in Moscow, Russia, News24 has confirmed. from News24 Top Stories https://ift.tt/5RHsgEw

News24.com | 'Time for talking is done': Junior Boks eye redemption and podium place against England

Despite losing to Ireland in the World Rugby U20 Championship semi-finals, the Junior Springboks are keen to deliver a performance that will leave a legacy for the 2023 team when they face England on Friday. from News24 Top Stories https://ift.tt/V896Hbm

News24.com | Shoprite is looking for IT professionals and bursary applicants - here's who qualifies

Applications are now open for the Shoprite Group's bursary programme, the retailer has said. It is also looking to hire IT professionals in various fields. from News24 Top Stories https://ift.tt/aQmwHZB

News24.com | 'We punch way above our weight': Ramaphosa reveals snippets of phone call with Ukrainian president

President Cyril Ramaphosa says a phone call he had with Ukrainian President Volodymr Zelenskyy on Thursday is evidence of South Africa's continued critical role in resolving global conflicts. from News24 Top Stories https://ift.tt/hQ1uLUt

News24.com | WATCH | Standard Bank wants to be a ‘fast follower’, not a leader on crypto

Africa’s biggest bank is watching developments in crypto currencies but isn’t jumping into the market. from News24 Top Stories https://ift.tt/Hgi4YSt

News24.com | Joey's tanks: Water trucked in for dry Joburg residents

Almost 150 additional stationary water tanks and 65 additional water trucks have been deployed to offer Johannesburg residents relief during a 58-hour water shutdown. from News24 Top Stories https://ift.tt/9W8NxcU

News24.com | WATCH LIVE | CRL Rights Commission releases its report on the KwaSizabantu Mission

The CRL Rights Commission releases its report on the KwaSizabantu Mission in KwaZulu-Natal. from News24 Top Stories https://ift.tt/ZT4rO6Q

News24.com | WATCH: 'I did burn Parliament': High drama as Zandile Mafe shouts in court, threatens more arson

There was high drama in the Western Cape High Court on Thursday morning when Parliament arson accused Zandile Mafe shouted: "I did burn Parliament," as he entered the dock. from News24 Top Stories https://ift.tt/E6Ou809

News24.com | WATCH | How should the government clean your tap water?

South Africa's drinking water comes from rivers and dams, but it's cleaned at water treatment works. Here's how it's done. from News24 Top Stories https://ift.tt/epL9NAE

News24.com | Six dead, four injured in Nelson Mandela Bay mass shooting

Five men and a woman have been shot dead and four others injured in a mass shooting at a house in Modlele Street, KwaNobuhle, in Nelson Mandela Bay on Tuesday night. from News24 Top Stories https://ift.tt/4h5zgHZ

Reliance Retail Among Prospective Buyers For Future Enterprises

Three companies, including Reliance Retail Ventures Ltd (RRVL), have been selected as " prospective" buyers for Future Enterprises, which is currently undergoing the Corporate Insolvency Resolution Process. The resolution professional of Future Enterprises Ltd (FEL) has finalised a provisional list of three Prospective Resolution Applicants (PRA), an exchange filing from the debt-ridden company said. Besides RRVL, steel maker Jindal (India) and GBTL, maker of polyester viscose & blended fabrics are on the list. The deadline for submission of resolution plans by PRAs is August 24, 2023. CIRP was initiated by the National Company Law Tribunal (NCLT) earlier this year in March over a plea moved by its operational creditors. Interestingly, RRVL is also among the final list of prospective buyers for another Future Group flagship firm, Future Retail, which is also facing CIRP. Future Enterprises Ltd was part of the 19 group companies operating in retail, wholesale, logist

News24.com | Marx, De Klerk pay tribute to Bok teammate Frans Steyn

World Cup winning teammates Faf de Klerk and Malcolm Marx paid tribute to Springbok utility back Frans Steyn, who retired from professional rugby with immediate effect. from News24 Top Stories https://ift.tt/yuWXSi3

News24.com | First World Cup warning shot? Springboks braced for 'epic test' in New Zealand, says Kwagga

South Africa loose forward Kwagga Smith said on Wednesday he expects an "epic" Rugby Championship clash against New Zealand this weekend in what he called "the ultimate test". from News24 Top Stories https://ift.tt/4i2hvrQ

News24.com | 'Brazen and shameless': Eusebius McKaiser's loved ones demand apology from Avbob for bungled funeral

Funeral parlour Avbob says it's getting "all the facts together" after friends and family of media commentator and radio personality Eusebius McKaiser publicly demanded an apology for the way in which his memorial service and funeral service were handled. from News24 Top Stories https://ift.tt/TKSMsPj

News24.com | Johannesburg Mayor Kabelo Gwamanda is not an ANC mayor Panyaza Lesufi

ANC Gauteng leader Panyaza Lesufi says Johannesburg Mayor Kabelo Gwamanda should not be seen as an ANC mayor because he rose to power only due to the ANC's determination to keep the DA out of office. from News24 Top Stories https://ift.tt/PRjC4Yu

News24.com | WATCH | Heavy rainfall brings some relief to drought-stricken Nelson Mandela Bay

Heavy rainfall between Sunday morning and Monday afternoon has brought some relief to drought-stricken Nelson Mandela Bay, with some areas recording almost 100mm in 24 hours. from News24 Top Stories https://ift.tt/DCPJxa8

News24.com | Five more trucks set alight in Limpopo and KZN raising the truck arson total to 16

The number of trucks that have been destroyed in arson attacks in the past three days has risen to 16. from News24 Top Stories https://ift.tt/IjNtFVG

News24.com | Etzebeth returns to captain Springboks against All Blacks Willemse at flyhalf

Eben Etzebeth's return to competitive action will be combined with the increased responsibility as Springbok captain for the crunch Rugby Championship meeting with the All Blacks in Auckland on Saturday. from News24 Top Stories https://ift.tt/1KzGCR2

Foxconn Plans To Apply Separately For Chip Manufacturing Unit In India

Taiwanese electronics manufacturing giant Foxconn is working to apply separately for setting up a semiconductor manufacturing unit in India, the company said today. It said it is reviewing the landscape for optimal partners for the project. "Foxconn is working toward submitting an application related to Modified Programme for Semiconductors and Display Fab Ecosystem. We have been actively reviewing the landscape for optimal partners," Foxconn said in a statement. The development follows Foxconn's announcement of exit from a semiconductor joint venture with Vedanta. On Monday, Foxconn said it has withdrawn from the USD 19.5 billion joint venture with mining baron Anil Agarwal's Vedanta Ltd as the venture struggled to get a technology partner to make chips that are used in mobile phones to refrigerators and cars.   (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) from NDTV Profit-Latest https://ift

News24.com | AfriForum wants probe of Netball SA race targets sexual assault response weeks before World Cup

Lobby group AfriForum wants Sascoc to investigate complaints it has received about Netball SA, as players prepare for the Vitality Netball World Cup which starts on 28 July in Cape Town. from News24 Top Stories https://ift.tt/4IphxOL

News24.com | Boksburg gas leak: 'I wanted to save all of them. I couldn't' says man who risked life to save victims

Three men have told how they risked their lives to save others as cries for help pierced the cold night air when scores of people dropped dead as a toxic gas spread through an informal settlement in Boksburg, Johannesburg. from News24 Top Stories https://ift.tt/cIbn2x3

News24.com | Kleyn's class on Bok debut has returning RG purring: 'Cool calm collected'

RG Snyman admits he kept tabs on his Munster team-mate Jean Kleyn on his Bok debut just to make sure he wasn't overawed by the occasion, but needn't have worried. from News24 Top Stories https://ift.tt/jtUJ2lz

News24.com | 'I'm a cool guy' says Mmusi Maimane as the latest star to be unmasked on The Masked Singer SA

Political leader Mmusi Maimane said his three children will think he is "a cool guy" after being unmasked on Saturday evening's episode of The Masked Singer South Africa. from News24 Top Stories https://ift.tt/MPiGoYd

News24.com | Landmark Information Regulator fine sets the tone for SA data protection

The Information Regulator issued its first-ever infringement notice, signaling a landmark moment for data privacy enforcement in South Africa. from News24 Top Stories https://ift.tt/f76twBD

News24.com | Zimbabwean gold dealer-cum-Zanu PF politician to host Floyd Mayweather in Harare

Zimbabwean gold dealer-cum-politician Scott Pedzisayi Sakupwanya will be hosting retired American boxer Floyd Mayweather in the capital Harare at the end of this week. from News24 Top Stories https://ift.tt/es6VmHi

News24.com | First impressions matter gents: Simple hacks to groom your way into a great first date

Some people have lost out on great first dates because they didn't try to look their best. But how to properly prepare? from News24 Top Stories https://ift.tt/z8C6exP

News24.com | 'Deaths could have been avoided': Two people killed dozens displaced overnight in Cape Town fire

Two people have died and at least 25 were displaced after a fire ripped through the SST Section, Town Two in Khayelitsha, Cape Town. from News24 Top Stories https://ift.tt/aQqMJNr

News24.com | WATCH | Multiple trucks set alight on Van Reenen's Pass ahead of second anniversary of July unrest

KwaZulu-Natal police are hunting a group of armed suspects who forced six drivers to stop their trucks on Van Reenen's Pass on Saturday night, before setting the vehicles alight. from News24 Top Stories https://ift.tt/XAviJmP

News24.com | Mayor confident sewage leaks polluting the Vaal River will be fixed

Louis Thabethe, the mayor of Lekwa Local Municipality in Standerton, said he had already started repairing the leaking sewerage plants polluting the Vaal River before the court fined the council an astronomical R70 million. from News24 Top Stories https://ift.tt/eEYK6TN

News24.com | 'Talented' Ryan Rickelton set for Yorkshire deal: 'He's someone we need'

Proteas batter Ryan Rickelton has signed a short-term deal with Yorkshire County Cricket Club. from News24 Top Stories https://ift.tt/awXBckH

News24.com | Horror Cape Town crash: Death toll rises to 6 as another pupil dies in hospital

A sixth pupil involved in a fatal crash along AZ Berman Drive in Mitchells Plain at the end of May, has died in hospital. from News24 Top Stories https://ift.tt/6KUc8Az

News24.com | PHOTOS | Kate and William share rare PDA moment at a polo match

Fresh off their trip to Scotland, the Prince and Princess of Wales displayed a rare moment of PDA at the Royal Charity Polo Day at Guards Polo Club on Thursday. from News24 Top Stories https://ift.tt/Ibq7fl2

News24.com | Musk predicts Tesla self-driving cars 'later this year'

Electric car giant Tesla is set to realise fully autonomous vehicles "later this year", CEO Elon Musk said Thursday, in the billionaire's latest forecast for the long-anticipated milestone. from News24 Top Stories https://ift.tt/bIw2tju

News24.com | Motorists assaulted by VIP police on N1 allegedly prohibited by SANDF from speaking about attack

The motorists assaulted by the police's VIP unit on the N1 in Johannesburg have allegedly been prohibited by their employer, the SA National Defence Force (SANDF), to speak to anyone about the attack unless a general is present. from News24 Top Stories https://ift.tt/5F2duUA

News24.com | EXCERPT | While Thabo Mbeki moved quietly Essop Pahad would stand up and shout

In this excerpt from 'The Dream Deferred', author Mark Gevisser details the relationship between close friends Thabo Mbeki and Essop Pahad at Sussex. Pahad died on Thursday, 6 July. from News24 Top Stories https://ift.tt/vnlwXCW