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Time of India
03-08-2025
- Business
- Time of India
Video: Built at Rs 422 crore, Patna's new double-deck flyover sinks just 2 months after inauguration
A portion of a newly inaugurated double-deck flyover in Patna has sunk following days of heavy rain in the city, causing concern about the quality of construction and the city's overall drainage system. The flyover, built at a cost of Rs 422 crore, was inaugurated on 11 June. Barely two months later, part of it has visibly dipped, reportedly due to incessant rain since Saturday night, as per TOI. The sunken section has triggered a flurry of complaints from residents and civic bodies have begun damage assessment. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Product Management Artificial Intelligence Technology Digital Marketing Leadership Public Policy Healthcare Data Science MBA MCA Data Analytics Project Management Operations Management Others Cybersecurity Design Thinking CXO healthcare Management Finance PGDM Degree others Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details — ANI (@ANI) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Dhaka - Watch What Happens Happy in Shape Undo Heavy Rain Turns City into a Pool Due to continuous downpour, several parts of Patna are facing severe waterlogging. Drain water overflowed into residential areas, halting daily life and affecting traffic. Several roads, including Boring Road, Bailey Road, Khazanchi Road, and Exhibition Road, are under ankle- to waist-deep water. Tree branches fell, vehicles broke down on flooded roads, and traffic congestion worsened across the city. Civic workers are reportedly struggling to manage the drainage load. Live Events 'Drain Water Entered Our Homes,' Say Angry Residents In Ramnagri More, Vyas Nagar, locals are upset with the Patna Municipal Corporation (PMC). Rohit Kumar, a resident, told TOI, 'Water entered most homes here. We complained to the PMC , but nothing has been done. Some of our things are already ruined.' Several areas including Pataliputra Colony, Kankarbagh, and Rajendra Nagar saw repeated complaints about drainage failure. According to TOI, water even flooded hospitals, schools, shops, and car showrooms. One resident, Sunny Shah, alleged that car dealers on Exhibition Road were blocking drains with plastic waste. 'It's affecting all of Ward 37,' he told TOI. Ministers and Officials Rush for Damage Control As per TOI, road construction minister Nitin Nabin and municipal commissioner Animesh Kumar Parashar visited flooded areas on Sunday. Nabin instructed officers to work in 'alert mode' and fix all mechanical or electric faults in drainage systems quickly. 'With Ganga water rising, draining rainwater has become more difficult,' he said. He also ordered BUIDCo and civic teams to ensure uninterrupted electricity supply at sump houses. Commissioner Parashar told TOI that 19 quick response teams are monitoring flood-prone zones across Patna. 'Drainage is being carried out promptly despite heavy rain,' he said. Highway Blocked, Power Supply Hit In Khusrupur block, a large tree fell on the Patna–Bakhtiyarpur State Highway-106, blocking traffic for over two hours. The incident also disrupted electricity in nearby areas, adding to the city's misery. While the rain has exposed gaps in infrastructure, the sinking of a major flyover just weeks after its inauguration has left citizens demanding answers, and accountability. Inputs from TOI
Time of India
02-08-2025
- Business
- Time of India
Adani Power goes for a 1:5 stock split, Q1 net profit dips 15%
Adani Power on Friday said its board of directors has approved a stock split, dividing each existing equity share of face value '10 into five equity shares of face value '2 each. "The subdivision of shares is intended to encourage wider retail participation by making the stock more affordable," it said in a regulatory filing. The company on Friday also reported a 15.5% fall in its consolidated net profit for the first quarter ended June to '3,305 crore from '3,913 crore a year earlier. Revenue from operations declined 5.9% to '14,167 crore from '15,052 crore. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science healthcare Cybersecurity Public Policy MBA Finance Artificial Intelligence Others Management Technology Degree Digital Marketing Product Management MCA PGDM others Healthcare Operations Management Data Science Design Thinking CXO Data Analytics Leadership Project Management Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Its consolidated earnings before interest, taxes, depreciation and amortisation (Ebitda) from continuing operations stood at '5,744 crore in the first quarter, down from '6,290 crore a year ago, primarily due to lower revenue and added costs from recent acquisitions. The Ebitda rose 12.7% sequentially. Adani Power's scrip closed at '566.7 on the BSE on Friday, down 3.5% from its previous close. The company said the record date for its stock split will be determined after shareholder approval and will be communicated in due course. Live Events The split means the total number of authorised shares will increase fivefold, but the overall value of authorised, subscribed, and paid-up share capital will remain unchanged at '3,856.9 crore.
Time of India
31-07-2025
- Time of India
PUBG Mobile World Cup 2025 reaches finals: Check 16 global teams competing for Rs 25 crore prize
The PUBG Mobile World Cup (PMWC) 2025 has entered its final stage with the Grand Finals scheduled from August 1 to August 3 at the Qiddiya Esports Arena in Boulevard City, Riyadh. The tournament, a part of the 2025 Esports World Cup, will feature 16 teams battling for the championship and a prize pool of $3 million (approx. ₹25.5 crore). World's best teams reach the final stage After a week of matches, eight teams from the Group Stage and eight from the Survival Stage have qualified for the Grand Finals. The Group Stage concluded on July 27, and the Survival Stage was held on July 29 and 30. The tournament began on July 25 and is organised by Level Infinite, Krafton, and the Esports World Cup Foundation. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Leadership Project Management Artificial Intelligence Finance Product Management Data Science Technology Digital Marketing healthcare MBA Others Public Policy Cybersecurity Management Data Analytics others Degree Design Thinking Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details India's Team AxTMG, who qualified by winning the BGMI Pro Series 2025, exited the tournament after finishing 15th in the Group Stage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crossout 2.0: Supercharged Crossout Play Now Undo PUBG Mobile World Cup: Qualified teams for Grand Finals The eight teams that directly qualified from the Group Stage are: Alter Ego Ares (Indonesia) 4Thrives Esports (Pakistan) DRX (South Korea) Weibo Gaming (China) Alpha7 Esports (Mongolia) Team Secret (Vietnam) ThunderTalk Gaming (China) IDA Esports (Turkey) Live Events The following eight teams secured their spots through the Survival Stage: Regnum Carya Esports Nongshim RedForce Yangon Galacticos Horaa Esports POWR Esports eArena Fire Flux Esports Team Falcons PUBG Mobile World Cup: Format and rules for the Grand Finals The Grand Finals will consist of 18 matches over three days, with six matches played each day. A special rule called the 'Smash Rule' will be applied on the final day: A team must first reach or exceed the 'Match Point Target,' which is the total points of the current first-ranked team plus 10 points. After reaching that threshold, the team must win any remaining match on Day 3 to be declared champions. If no team meets both conditions, the team with the highest total points at the end of 18 matches will win under standard rules. PUBG Mobile World Cup 2025 venue Venue: Qiddiya Esports Arena (BR Arena), Boulevard City, Riyadh Organisers: Level Infinite, Krafton, Esports World Cup Foundation Prize Pool: USD $3 million (approx. ₹25.5 crore) PUBG Mobile World Cup 2025 Where to watch The Grand Finals can be watched live on the official PUBG Mobile Esports channels across YouTube, Facebook, and Twitch. Live stats and match updates will also be shared on these platforms. The PMWC 2025 Grand Finals mark the conclusion of the mid-season global tournament and are expected to deliver high-level gameplay and competitive moments.
Time of India
30-07-2025
- Business
- Time of India
Russia prepping for massive war? $1.1 trillion military spend raises global alarms
Russia military spending 2025: Russia is laying the groundwork for what could be a large-scale war, and the price tag is massive, according to Ukrainian intelligence, as per a report. The Kremlin plans to spend about $1.1 trillion on equipping military forces with a new supply of weapons over the next 11 years, revealed Ukrainian military intelligence chief Kyrylo Budanov , as per the Kyiv Independent report. Russia Launches Most Ambitious Weapons Program Since Soviet Era Budanov shared the plans during Ukraine's annual meeting of ambassadors, saying, "There is a total mobilization of politics, economy, and society of the Russian Federation to be ready for the upcoming large-scale war," as quoted in the report. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science others Leadership MBA Digital Marketing Healthcare healthcare Degree Artificial Intelligence Operations Management Technology Public Policy Finance PGDM Product Management Others Project Management Design Thinking Cybersecurity Management Data Analytics CXO MCA Data Science Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details According to the official, Moscow has launched its most ambitious weapons program since the collapse of the Soviet Union, as Russia is mobilising all sectors of society to support its military buildup, as reported by Kyiv Independent. ALSO READ: Romance alert: Pamela Anderson and Liam Neeson are officially an item, sources say Two New Military Districts: Moscow and Leningrad As part of its sweeping reforms, Russia has already created two new military districts, Moscow and Leningrad, and is preparing to build out more divisions and units, as reported by Kyiv Independent. Live Events Ukraine Says Russia Seeks to Reshape the Global Order Ukrainian officials say the country is not merely aiming to dominate its immediate region but to challenge the existing global order, according to the report. Budanov said, "Russia seeks to disrupt the current security and economic order," and added that, "For this purpose, Moscow is building up its presence in Africa, primarily using its proxy forces," as quoted in the Kyiv Independent report. ALSO READ: Olympic heroine dies young: Laura Dahlmeier passes away in Pakistan - what happened to her? Hybrid Warfare He warned that Russia is already conducting hybrid operations abroad, like cyberattacks and disinformation campaigns to undermine democracies, according to the report. Budanov pointed out that, "Moscow's goal is to impose on countries its own vision of the future world order, where 'big' states, primarily the Russian Federation, have full power, a monopoly on all critical resources and decide the fate of the world in a closed circle," as quoted in the Kyiv Independent report. NATO on High Alert: Could Russia Strike by 2030? These revelations echo concerns voiced by Western intelligence services, as per the report. Last year, Germany's spy chief Bruno Kahl warned that Russia could have the capability to strike NATO as early as 2030, as reported by the Kyiv Independent. Russia's Military Budget Surpasses All of Europe Combined Currently, Moscow's defense budget has surpassed that of all European nations combined, according to the report. In 2024 alone, Russia's defense spending jumped 42% to $462 billion, edging out Europe's collective $457 billion defense budget, according to data of the International Institute for Strategic Studies, reported the Kyiv Independent. WWII-Level Military Mobilization Possible Previously, Kremlin spokesperson Dmitry Peskov said on April 30 that Russia was prepared to scale up its war effort to levels last seen in World War II, pointing out that "millions" of civilians are supporting the military by donating supplies and equipment, as reported by Kyiv Independent. While the Ukrainian Commander-in-Chief Oleksandr Syrskyi had estimated in April that Russia could get about 5 million trained reservists, with a broader mobilization potential of 20 million, according to the Kyiv Independent. FAQs Is Russia spending $1.1 trillion on its military? Yes. According to Ukraine's intelligence chief, Russia plans to invest $1.1 trillion in rearmament over the next 11 years, as per the Kyiv Independent report. Why is Russia increasing its military budget? Ukrainian officials believe it's part of a long-term plan to prepare for a possible large-scale war and to challenge global power structures, as per the Kyiv Independent report.
Time of India
30-07-2025
- Business
- Time of India
US stock market futures edge higher today as Wall Street stays in ‘wait and see' mode ahead of Fed decision, Microsoft and Meta earnings in high-stakes trading showdown
U.S. stock futures edge higher ahead of Federal Reserve decision and big tech earnings: Wall Street prepares for pivotal midweek moves- As Wall Street braces for a potentially market-moving trifecta—the Federal Reserve's interest rate decision, key economic data releases, and massive earnings from tech giants—U.S. stock index futures nudged upward on July 30, 2025. With investors in 'wait and see' mode, today marks a defining moment for Dow Jones, S&P 500, and Nasdaq Composite, all of which are reacting cautiously ahead of the Fed's announcement and quarterly results from Microsoft and Meta. US Stock index futures climb slightly in early trading U.S. equity futures saw a modest rise in early morning trade: Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Data Science PGDM Digital Marketing Cybersecurity Project Management Design Thinking Artificial Intelligence Data Analytics Degree Healthcare Others Public Policy healthcare MBA CXO Technology Operations Management others Leadership MCA Product Management Management Finance Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Dow Jones Industrial Average futures rose 0.04% S&P 500 futures gained 0.12% Nasdaq-100 futures advanced by 0.23% These incremental movements reflect a market environment defined by caution and anticipation, as traders digest macroeconomic signals and prepare for updates that could determine the path of interest rates and future earnings growth. Federal reserve expected to pause rate hikes, but commentary remains key All eyes are locked on today's Federal Reserve meeting, which will conclude with a policy decision at 2 p.m. ET. The Fed is widely expected to hold rates steady at 4.25%–4.5%, maintaining a restrictive stance as inflation eases and growth stabilizes. However, Fed Chair Jerome Powell's press conference will be closely scrutinized for clues on when a possible interest rate cut could arrive—possibly as soon as September or November 2025. Traders are hoping for dovish hints without triggering concerns over slowing economic momentum. Live Events This will be a major pivot point for market sentiment, especially after recent FOMC minutes showed a split among policymakers about the pace of easing. Top stock movers this morning: Penumbra and Marvell lead gainers In pre-market action, Penumbra Inc. (PEN) surged roughly 14.5% , while Marvell Technology (MRVL) climbed about 10.9% , leading the list of early standouts Key gainers also include Qorvo Inc. (QRVO) : up ~8–9% Littelfuse Inc. , FTAI Aviation Ltd. : each up around 8% Humana (HUM) : gained ~7% after an earnings beat and raised guidance Significant decliners to note SoFi Technologies (SOFI) : fell ~7–8%, pressured by a new $1.5B stock offering despite solid results Seagate Technology (STX) : down about 6–6.9%, following weak revenue guidance Crucial economic data releases to shape market direction A series of top-tier economic indicators are scheduled for release today, offering deeper insights into the health of the U.S. economy: Q2 GDP (advance estimate) : Analysts expect annualized growth between 2.4% to 2.9%, signaling a sharp rebound from Q1's minor contraction. ADP private payrolls report : Provides a preview of Friday's all-important nonfarm payrolls data. Pending home sales (June) and MBA mortgage applications : These reports will shed light on the cooling U.S. housing market. These data points will collectively influence expectations for future Fed policy decisions, potentially moving Treasury yields, the dollar index, and equity valuations. Microsoft and meta earnings to set tone for tech sector Investors are also gearing up for a major earnings test with Microsoft (MSFT) and Meta Platforms (META) both set to report Q2 results after the closing bell. Analysts will be laser-focused on: AI investment returns and cost structures Cloud growth and advertising revenues Margins and forward guidance The stakes are high—especially given the weight these companies carry in the S&P 500 and Nasdaq Composite. Strong results could send markets surging again, while any sign of weakness might spark broad-based tech selling. Other tech giants like Apple (AAPL) and Amazon (AMZN) will report later this week, meaning today could set the tone for tech sentiment going into August. Wall street coming off a cautious pullback Despite a weeks-long rally that pushed the S&P 500 to fresh record highs, Wall Street took a breather on Tuesday, July 29: S&P 500 closed down 0.3% Dow Jones shed 0.5% Nasdaq Composite slipped 0.4% The pullback followed weak earnings from health insurers like UnitedHealth and Merck, while investors opted to reduce exposure ahead of today's stacked calendar. This pause suggests market participants are becoming more selective, especially with valuations stretched and macro uncertainty on the rise. Trade policy updates and looming tariff deadlines A key but under-the-radar theme influencing market outlook is international trade policy. This week: The U.S. and EU reached a trade framework, slashing mutual tariffs by 50%, a move that eased tensions and boosted export-oriented stocks. The U.S.-China trade truce is set to expire on August 12, and no formal extension has been announced. If no agreement is reached, retaliatory tariffs could resume as early as August 1, affecting sectors like semiconductors, electric vehicles, and consumer electronics. President Trump's decision will be critical in determining whether markets see renewed geopolitical risks or a smoother path for global trade through the second half of 2025. Big stock movers in today's premarket trade Here are some of the top-performing and underperforming stocks making headlines in premarket action: Starbucks (SBUX) : Up over 4% after beating revenue expectations and raising guidance. Humana (HUM) : Surged 5% after posting better-than-expected Q2 earnings and lifting its full-year forecast. Sarepta Therapeutics (SRPT) : Soared nearly 14% following positive regulatory news on its gene therapy program. Seagate (STX) : Down 6% due to disappointing guidance and ongoing weak demand in the PC market. Visa (V) : Dropped around 1.8% despite beating earnings estimates, as investors reacted to a conservative outlook on transaction growth. These individual stock movements highlight the market's sensitivity to earnings beats and misses, as well as to future guidance amid economic uncertainties. What's next: Fed press conference and more tech results Today's schedule will be pivotal for market direction: 2:00 p.m. ET : Fed releases its interest rate decision 2:30 p.m. ET : Powell's press conference begins—markets will look for any change in tone After market close : Microsoft and Meta Platforms report Q2 earnings Later this week : Amazon and Apple earnings, plus July's nonfarm payrolls data If the Fed signals rate cuts are likely in Q4, and if big tech reports strong revenue growth, it could fuel another leg higher for equity markets, especially in the tech-heavy Nasdaq. Top stock movers at a glance Stock Pre-market change Reason for movement Penumbra (PEN) +14.5% Surge in pre-market activity Marvell (MRVL) +10.9% Strong earnings or sector optimism Qorvo (QRVO) +8–9% Forecast-beating results Humana (HUM) +7% Raised guidance and better results SoFi (SOFI) −7–8% Follow-on stock offering announced Seagate (STX) −6% Disappointing outlook from earnings Cautious optimism as markets await signals The U.S. stock market today reflects a mood of cautious optimism, as futures edge up ahead of critical developments that could steer the next phase of market momentum. Whether it's the Federal Reserve's rate path, tech sector profitability, or resilient economic growth, today's updates will provide valuable clues. Key takeaways for investors: Be prepared for increased volatility during and after the Fed press conference. Watch for sector rotation based on earnings strength or weakness. Monitor trade headlines , as global tariff policy remains a wildcard. Don't ignore macro data , especially Q2 GDP and jobs figures. FAQs: What are US stock futures doing before the Fed meeting today? US stock futures are rising slightly as investors await the Fed's rate decision and tech earnings. Why are Microsoft and Meta earnings important for the market today? Their results could drive major moves in Nasdaq and impact overall tech sector momentum.
