Author: Jordan

Jabalpur | A major gold loan fraud has surfaced at the Sadar branch of Punjab National Bank (PNB) in Madhya Pradesh’s Jabalpur, prompting police to register a criminal case against 15 individuals, including two empanelled gold valuers. The alleged scam came to light after the bank conducted a revaluation of pledged gold ornaments and discovered that several items submitted as collateral for loans were counterfeit. According to officials, the fraud involved multiple borrowers who allegedly obtained gold loans by pledging fake jewellery while presenting it as genuine gold. The matter was detected during an internal verification and revaluation exercise undertaken…

In July 2025, a joint venture between KKR, Energy Capital Partners and CyrusOne announced plans to build a $4 billion hyperscale data center in Bosque County, Texas. Image by JHET Architects, courtesy of CyrusOne KKR is teaming up with the Kuwait Investment Authority, NVIDIA and Vistra to launch Helix Digital Infrastructure. Backed by more than $10 billion in initial long-duration capital commitments, the new company is designed to be a one-stop shop for the development of data centers and the power to operate them. Helix will invest in and manage assets critical to enabling artificial intelligence buildout, including hyperscale data…

Hedge funds dump Magnificent Seven stocks ahead of SpaceX IPO qz.com Source link

Coventry for intermediaries has announced rate reductions across its mortgage ranges. Residential rates have been reduced by up to 20bps and buy-to-let rates are down by up to 13bps. In the Society’s residential range, a two-year fixed rate at 90% LTV has reduced to 5.15%, available for first-time buyers with £500 cashback. A five-year fixed rate at 75% LTV has decreased to 4.60% with a £999 fee, available for residential purchase. Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said: “Continuing rate reductions gives brokers more opportunities to re-engage clients who may have been holding off…

Signalling Africa’s growing appetite for state-of-the-art mining technology, Sandvik Rock Processing is delivering the first Sandvik CH662 cone crushers to a platinum mining project in South Africa’s Limpopo province.The CH662 represents the latest evolution of Sandvik’s long-established CH660 platform, introducing several mechanical and digital upgrades that improve throughput, reliability and maintenance efficiency. PC Kruger, Business Line Manager Crushing at Sandvik Rock Processing, says mining companies across the continent are increasingly embracing electrification, remote monitoring and automation technologies.“This is creating an environment where advanced crushing systems such as the CH662 are becoming more attractive,” Kruger says. “This milestone order challenges longstanding…

Home ownership in India often involves significant costs, not just in purchasing but also in construction, renovation, and making the property habitable. To ease this financial burden, the Income Tax Act provides structured tax benefits on home loans, depending on the tax regime opted for and the nature of the property.These benefits are primarily available under the old tax regime, while the new tax regime offers limited deductions.Key tax benefits on home loansUnder the old tax regime, taxpayers can claim deductions on both principal and interest components of a home loan.Principal repayment is eligible for deduction under Section 80C of…

$2.8 million is a lot of money to play for on a livestream, so you can understand that players will have a few quirks about game security. That’s the top prize after 115 entries turned out for this year’s $100K High Roller at the World Series of Poker, and the final nine will return to fight for it on Friday. In the meantime, a hot debate on Day 2 kicked up at the table after one player refused to pass his cards over the RFID reader. It wasn’t an outright refusal, just a preference to wait until the end of the hand. Should…

PALO ALTO, Calif., June 12, 2026 (GLOBE NEWSWIRE) — Scilex Holding Company (“Scilex” or the “Company”) (Nasdaq: SCLX), an innovative revenue-generating company focused on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain and neurodegenerative and cardiometabolic disease, today confirmed the previously announced payment date of June 15, 2026 (the “Payment Date”) for the dividend of Semnur Pharmaceuticals, Inc. (“Semnur”) (OTC: SMNR) common stock held by the Company to its stockholders and certain other eligible holders of Scilex securities (collectively, the “Participating Holders”) that held such securities as of the record date for…

Adobe Q2 2026 earnings: CFO Dan Durn exits, stock falls qz.com Source link

In a remarkable turnaround, domestic equity benchmark indices staged a significant rebound on Friday, surging nearly 1.5% each. This upward trajectory followed improved global risk sentiment, spurred by potential peace breakthroughs between the United States and Iran.US President Donald Trump’s indication of a possible peace agreement as early as this weekend, paired with encouraging remarks from Iranian officials, sparked optimism of de-escalation in the prolonged conflict. This shift alleviated concerns surrounding potential disruptions to global energy supplies.The prospect of a truce triggered a notable decrease in crude oil prices, providing further relief to investors. Brent crude futures plummeted approximately 4%,…