The Kuwaiti government will give USD 15,000 each to the families of the victims of the devastating fire that killed 50 people, including 46 Indians, in the southern Ahmadi Governorate, according to a media report on Tuesday.

The massive fire which occurred at a seven-storey building in the city of Mangaf on July 12 was caused by an electrical short circuit in the guard's room on the structure's ground floor, according to Kuwaiti authorities.

Private sector Dhanlaxmi Bank on Tuesday said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank.

He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing.

The board at its meeting held on Tuesday approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years with effect from June 20, 2024, and on such remuneration as approved by RBI vide letter dated April 18, it said.

Le Travenues Technology, the parent company of ixigo, made a stellar stock market debut on Tuesday with its shares getting listed at Rs 138.10, a 48 per cent premium over its issue price of Rs 93 per share on the National Stock Exchange (NSE). The stock of the tour and travel related company later moved higher to Rs 147.65, a 59 per cent over its issue price.

On the BSE, the shares of Le Travenues Technology listed at Rs 135, a 45 per cent premium against its issue price of Rs 93 per share.

Russian President Vladimir Putin thanked North Korea for supporting his actions in Ukraine and said their countries will cooperate closely to overcome US-led sanctions as he headed to Pyongyang on Tuesday for a summit with North Korean leader Kim Jong Un.

Putin's comments appeared in an op-ed piece in North Korean state media hours before he was expected to arrive in the North for a two-day visit as the countries deepen their alignment in the face of separate, intensifying confrontations with Washington.

Big technology companies including Microsoft Corp. and Google are eager to see more nuclear energy feeding their power-hungry data centers, but are far less willing to provide the capital needed to pay for a growing interest in reactors.

While artificial intelligence and data centers are expected to boost power consumption in the US for the first time in a generation.

Ashmore Group Plc plans to boost its holdings of Indian government bonds as they get included into the JPMorgan Chase & Co.’s key emerging-market index by the end of June.

Higher yields and slowing inflation in the country boost the allure of the bonds, according to Gustavo Medeiros, head of research for Ashmore, which manages assets of about $51.9 billion. He likes bonds with 10-year maturity.

At least 9 people were killed, and about 40 were injured in a train collision in West Bengal's Darjeeling district on Monday. According to officials, a goods train collided with the Sealdah-bound Kanchanjunga Express, causing the derailment of three compartments of the passenger train.

Some people are feared to be trapped inside the toppled carriages, and a frantic rescue operation to find them has been launched.

Paytm is in talks with Zomato Ltd. to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages, though there are other suitors for the business, the people said, declining to be named as the matter is private. Talks are ongoing and no final decision has been made, the people said.

The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said.

Denying allegations of land grab made by MP Varsha Gaikwad, sources close to the project said land parcels are to be transferred only to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the state government's housing department.

Five of the top-10 most valued firms together added Rs 85,582.21 crore in market valuation last week, with Life Insurance Corporation of India (LIC) emerging as the biggest gainer, in-line with positive trend in equities.

Last week, BSE benchmark Sensex climbed 299.41 points or 0.39 per cent. The 30-share barometer hit its all-time high of 77,145.46 on June 13.

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