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John Overdeck faces a staggering multibillion-dollar claim from his wife, Laura Overdeck, who demands a considerable equity stake in the well-known hedge fund, Two Sigma Investments. This intense legal confrontation not only hinges on substantial financial claims and changes in firm leadership but also on the couple’s differing views regarding the fund’s valuation at the…
Mold-Tek Packaging’s board has approved a 1:1 bonus issue and recommended a final dividend of Rs 3 per share for FY26. Under the proposal, shareholders will receive one bonus share of Rs 5 face value for every share held. The company will announce the record date later, while the dividend will be declared at its…
European gas Slumps 3% as Middle East ceasefire hopes unwind supply risk premium
Four former Savannah Police Department employees have been arrested over alleged misuse of the Flock Safety license plate reader system. The arrests followed an internal audit of 39,000 searches, which flagged 127 for review and found 34 were unjustified. Six employees were fired, while the Georgia Bureau of Investigation continues to investigate the case.
While the engineering giant only shares a range instead of giving out the exact order value, a Bloomberg News estimate pegs the average at about ₹1.11 trillion in the ongoing quarter
Columbia Engineering researchers developed a porous polymer coating that can cool surfaces below the surrounding air temperature without using electricity. The coating replaces conventional white pigments with nano-to-microscale air voids that reflect sunlight and release heat towards the sky. Tests showed the surface stayed about 6°C below ambient temperature in Arizona and 3°C below it…
India’s rice exports to Iran are expected to continue despite tougher US sanctions. Demand from Iran remains firm for food security reasons, ensuring continued purchases. Indian exporters utilize alternative payment channels in countries like Turkey and the UAE. Essential goods like rice and pharmaceuticals are unlikely to face disruption. Bilateral trade has significantly declined from…
Deloitte to pay $21.5 million to settle US government’s allegations of race- and sex-based discrimination in hiring, promotions, staffing and employee programmes
India’s first hydrogen train consists of 10 coaches and can accommodate 2,600 passengers. It operates between Jind and Sonipat in Haryana with a maximum operating speed of 75 kmph, although the train has been designed to reach 110 kmph.
In a bid to attract the brightest minds, high-frequency trading firms in India are ramping up intern compensation to unprecedented levels. This surge in hiring is influenced by stricter regulations on derivatives and a lull in equity market movements. Companies such as Quadeye and Graviton Research Capital are notably enhancing their internship packages, with global…