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August 09, 2025

KSFE first NBFC to cross Rs 1 lakh cr turnover

Kerala State Financial Enterprises has become the first miscellaneous non-banking financial company in India to achieve a business turnover of Rs 1 lakh crore, the company said on Saturday.The firm reached this milestone in record time, a statement added.To mark the historic achievement, Chief Minister Pinarayi Vijayan will inaugurate celebrations at Central Stadium here on Wednesday.The event, chaired by Finance Minister K N Balagopal, will feature the launch of the "KSFE Onam Samriddhi Gift Card" by Food and Civil Supplies Minister G R Anil.Award-winning actor and KSFE brand ambassador Suraj Venjaramoodu will be the guest of honour, the statement said.Balagopal said doubling the business from Rs 50,000 crore to Rs 1 lakh crore in just four years reflects the public's growing trust and KS

August 09, 2025

Maxwell eyes rare T20I double for Australia

Ahead of the first T20I against South Africa, Australian all-rounder Glenn Maxwell is in line to join an elite company of stars with 2,500-plus runs and 50 or more wickets in the format. The white-ball series between Australia and South Africa, consisting of three T20Is and ODIs each, will kickstart from Sunday onwards. Maxwell needs four more wickets to complete 50 wickets in T20Is. He will become only the fourth player in the format's history to have a total of 2,500-plus runs and 50 or more wickets in the format, besides Bangladesh's Shakib Al Hasan (2,551 runs and 149 wickets in 129 matches), Pakistan's Mohammed Hafeez (2,514 runs and 61 wickets in 119 matches) and Malaysia's Virandeep Singh (3,013 runs and 97 wickets in 102 matches). Maxwell is Australia's third-highest run-getter in

August 09, 2025

‘Mallathon’ turns Dubai malls into race tracks

Early Saturday morning, as scorching heat blazed outside, the sound of sneakers filled a massive Dubai shopping mall as hundreds took part in “Mallathon” — an indoor, air-conditioned race.The government-supported initiative is designed to promote physical activity during August — typically the hottest month in the United Arab Emirates — while making use of the city’s enormous malls, which often remain quiet during this time.With Gulf summer temperatures sometimes exceeding 50°C, running outdoors can be unpleasant and even dangerous. “If you run outside, it’s not healthy at all because temperatures are around 40C to 50C,” said one participant named Rai, his platinum-blond hair tied back with a headband.Dressed in “Dubai Mallathon” shirts and sportswear, participants r

August 09, 2025

F&O Talk| Nifty continues downward path, technical indicators show persistent weakness: Sudeep Shah

Indian equity indices ended the week on a weak note, reacting to a combination of global uncertainties and sustained foreign fund outflows. The Nifty 50 slipped below the crucial 24,400 mark, closing at 24,363.30, down 232.85 points or 0.95%, while the Sensex declined 765.47 points or 0.95% to settle at 79,857.79. Concerns over elevated global interest rates, weak global market cues, and consistent profit-booking in heavyweight sectors continued to weigh on investor sentiment throughout the week. The broader trend of the market remains cautiously bearish, but oversold signals from the indicators and the proximity to key support zones suggest a potential bounce may be on the cards.Analyst Sudeep Shah, Vice President and Head of Technical & Derivatives Research, SBI Securities interacted

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