DUAC reviews IB expansion plan, seeks design revisions

At least eight people died in massive flash floods that struck Nepal on Wednesday. A sudden rise in the Bhotekoshi River caused widespread damage near the China border. Vehicles and property were washed away in the Timure and Syafrubesi market areas. Rescue operations are underway with army personnel deployed to affected regions. The flooding was…

The Congress on Saturday said the Election Commission was in “damage control” mode after differences within the poll body came out following a media “expose” and demanded that the ongoing SIR exercise that has “disenfranchised crores” is suspended immediately. The Congress also said that nothing short of CEC Gyanesh Kumar’s resignation or prosecution will suffice….

SBI Mutual Fund has announced the launch of its Magnum Equity Ex-Top 100 Long Short Fund under the Specialized Investment Fund framework. Opening on August 7, the NFO targets long-term capital growth by investing outside the top 100 stocks with a long-short strategy using equity derivatives.