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Anand Rathi Wealth Profits Soar 32%, TCS Bets on Generative AI, Wipro Faces Selling Pressure
Anand Rathi Wealth's net profit surged 32.39% to Rs 76.11 crore in Q2 FY25, while revenue grew 11.53% year-on-year. Meanwhile, Wipro faces bearish trends and TCS sees increased client engagement in Generative AI.
Ricardo Salgado, former Banco Espirito Santo president, faces 62 charges in a major trial linked to the Universo Espírito Santo scandal, one of Portugal's largest legal cases. Despite his health issues, the court underscores the necessity of accountability for the banking collapse affecting countless investors.
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The Archdiocese of Los Angeles has agreed to a historic $880 million settlement to compensate 1,353 victims of clergy sexual abuse, marking the largest payout ever by a single Catholic archdiocese. This resolution follows 25 years of litigation and aims to provide healing while maintaining financial stability, with funds sourced from reserves, investments, and external contributions, not parish donations.
The Biden administration's updates to the Public Service Loan Forgiveness (PSLF) program have resulted in over one million public workers receiving student debt relief, a significant rise from 7,000 approvals pre-2021. Announced on October 17, 2024, this milestone showcases the administration's efforts to support public servants and highlights the electoral significance ahead of the November 5 presidential election.
A 67-year-old woman is in critical condition after being stabbed during a fight at a block party in Center City Philadelphia on October 14, 2024. The suspect, who fled the scene and was later apprehended, remains unidentified, while police continue investigating the motive and gathering evidence.
Lionel Messi received a MARCA award for holding the record of most titles in soccer history, further cementing his legendary status. Since joining Inter Miami in July 2023, Messi has boosted the team's performance and sparked 'Messi mania,' leading to a surge in MLS viewership and ticket sales, while attracting international talent.
After a record-breaking losing season, Chicago White Sox owner Jerry Reinsdorf is considering selling the team. This marks a significant shift for Reinsdorf, who has owned the team since 1981 and is currently in talks with a buyer group led by former MLB player Dave Stewart.
Researchers at University College London have shattered records with a wireless data transfer speed of 938 gigabits per second, vastly outpacing current 5G capabilities. This breakthrough, still in lab testing, promises transformative impacts on mobile internet by expanding frequency use to enhance bandwidth and signal quality.