editor - The Purbottar

27 Jan

Violent Stabbing on Bronx Subway Leaves Passenger Critically Injured

editorACCIDENT

A 25-year-old man was repeatedly stabbed aboard a northbound 5 train in the Bronx on Sunday morning. The attack occurred near Grand Concourse and East 149th Street, with the assailant fleeing the scene. The victim was transported to NYC Health + Hospitals/Lincoln in critical but stable condition. The suspect is described as a male with a dark complexion, last seen wearing a red sweatshirt, black vest, dark pants, and dark shoes. Authorities have yet to identify him, and the investigation is ongoing. This incident follows a particularly violent year for New York City's subway system, which saw 10 passengers murdered…

27 Jan

Indian Oil Q3 Earnings Preview | Dramatic increase in profit expected after weak Q2

editorBusiness, News

Indian Oil Corporation (IOC) Ltd will announce its third quarter earnings for the financial year 2024-25 on January 27. Analysts expect a sharp jump in profits, mainly due to the weak performance in the previous quarter (Q2 FY25). What to expect Profit jump: IOC is expected to report a profit of ₹6,140 crore, a significant rise from just ₹180 crore in Q2 FY25. Revenue growth: Revenue is estimated to grow 11% to ₹1.92 lakh crore compared to ₹1.74 lakh crore in the previous quarter. EBITDA improvement: Earnings before interest, tax, depreciation and amortization (EBITDA) is estimated to increase from ₹3,772…

25 Jan

ICICI Bank Q3 results preview: Net profit may rise 10%, asset quality likely to remain stable

editorBusiness, News

ICICI Bank is set to announce its financial results for the October-December quarter (Q3FY25) on Saturday, January 25. Analysts expect the bank to report a healthy rise in profit on the back of strong loan growth and stable asset quality. According to a CNBC-TV18 poll, ICICI Bank's profit after tax (PAT) is expected to rise 10.3% to reach ₹11,332.7 crore compared to ₹10,271.6 crore in the same period last year. Meanwhile, the bank's net interest income (NII) is estimated to reach ₹20,461.4 crore from ₹18,678.6 crore in Q3FY24. The bank's asset quality is likely to remain stable. Brokerage firm Motilal…

24 Jan

Sackler Family and Purdue Pharma Reach $7.4 Billion Opioid Settlement

editormedicine

The Sackler family and Purdue Pharma have reached a tentative agreement to pay a total of $7.4 billion to settle lawsuits related to their role in the U.S. opioid crisis. The Sacklers will contribute up to $6.5 billion, while Purdue Pharma will provide nearly $900 million. This settlement comes after the U.S. Supreme Court rejected a previous deal due to its provision granting the Sacklers immunity from future lawsuits. The funds will be distributed to states, local governments, and individuals affected by the opioid crisis, which claimed over 81,000 lives in 2023 alone. The Sacklers will pay the settlement over…

24 Jan

Severe Storms Batter South Burnett Region with Heavy Rain and Hail

editorweather

On Thursday afternoon, the South Burnett region in Queensland experienced severe storms that led to flash flooding, fallen trees, hail, strong winds, and intense lightning. The supercell storm began around 4:30 PM after a hot day, with Proston recording the heaviest rainfall—79mm in just one hour—and hailstones measuring up to 3cm. Over a 24-hour period, the area accumulated a total of 99mm of rain. Kingaroy experienced wind gusts reaching 67 km/h, while more than 280,000 lightning strikes were recorded around Nanango and 300,000 around Gayndah. The severe weather caused power outages affecting over 2,000 properties, with 245 in the South…

24 Jan

“Assam set to become India’s next powerhouse”: Himanta Biswa Sarma

editorAssam

Assam Chief Minister Himanta Biswa Sarma, who is attending the second edition of the business summit Advantage Assam in Japan, said that the state is set to become India's next powerhouse. The Assam CM, who met over 80 business leaders, mentioned that Assam's target is to take the state gross state domestic product (GSDP) to USD 143 billion by 2030. He also stated that the state has received the "highest ever" investment of USD 4 billion in 2024. "During my interaction with over 80 business leaders, I conveyed our target to take Assam's GSDP to USD 143 billion by 2030,"…

24 Jan

Indus Towers shares surge on rose in Q3 earnings, Citi expects 32% surge

editorBusiness, News

Shares of telecom company Indus Towers rose two percent in the morning session on January 24 after the company reported better-than-expected earnings for the quarter ended December (Q3) of the current financial year (FY25). Indus Towers reported a consolidated net profit of Rs 4,003 crore for the quarter, registering a growth of 159.9 percent from Rs 1,541 crore in the corresponding quarter of the previous fiscal, led by significant collection of dues from Vodafone Idea and strong tower additions. The company saw its revenue from operations grow by 4.8 per cent to Rs 7,547 crore from Rs 7,199 crore in…

23 Jan

Ujjivan Small Finance Bank Q3 results: Rise in provisions leads to 64% drop in profit

editorBusiness, News

Ujjivan Small Finance Bank Ltd reported a 64% year-on-year drop in its profit during the three months ended December to Rs 109 crore due to a rise in provisions. Sequentially, the bank's profit declined 53%.The bank's provisions and contingencies rose to Rs 223 crore, up sharply from Rs 63 crore a year ago. A marginal rise in net interest income also capped the small finance bank's net interest income at Rs 887 crore, up 3% year-on-year. As a result, net interest margin fell to 8.6% in the October-December period from 9.2% a quarter ago and 8.8% a year ago. The…

23 Jan

Highlights include Manchester City’s Kyle Walker to leave the club

editorSports

talkSPORT has provided the latest updates on Premier League football transfers and news. Key highlights include Manchester City's signing of Vitor Reis from Palmeiras, while Kyle Walker is expected to leave the club. Brentford rejected a £22 million offer from Nottingham Forest for their striker Yoane Wissa. Additionally, agents for Alejandro Garnacho were seen at Stamford Bridge due to Chelsea's interest in the Manchester United starlet. West Ham agreed on a deal for a Dutch teenager, and Arsenal inquired about Sesko.

23 Jan

Ratcliffe’s move includes raising ticket prices despite the club’s ongoing struggles

editorSports

Jim Ratcliffe, co-owner of Manchester United, has implemented cost-cutting measures including a 27.7% pay cut for club ambassadors, affecting former players like Denis Irwin, Bryan Robson, and Andy Cole. Legends who earn up to £200,000 annually are among those impacted, following a £113 million loss last year. The cost-cutting efforts have already resulted in the elimination of 250 non-playing roles and Sir Alex Ferguson being axed from his £2 million-a-year ambassador role. Ratcliffe's measures include raising ticket prices despite the club's ongoing struggles, with the team currently in the lower half of the Premier League. New boss Ruben Amorim criticized…