MARINE TIMES
France election: Voter turnout high, could force Emmanuel Macron to share power with far right
Voting in pivotal runoff elections in France could lead to a historic victory for Marine Le Pen's far-right National Rally or a hung parliament, impacting global diplomacy and France's future direction. High turnout reflects the nation's concern over the outcome, with uncertainty looming over potential coalition governments or far-right leadership. The election results will shape France's political landscape for the remaining years of President Macron's term.
HDFC Bank invests in anchor round of this high-demand SME IPO with over 100% GMP
HDFC Bank has been allocated approximately 1.58 lakh shares worth Rs 3 crore at Rs 190 each in the anchor round of the Ganesh Green Bharath IPO, which opened for subscription recently. Other notable investors in the anchor round include Copthall Mauritius Investment, India Equity Fund, and Craft Emerging Market Fund.
Mumbai halts for victory parade as all roads lead to Marine Drive
South Mumbai saw severe traffic snarls as a sea of people gathered at Marine Drive for the Indian cricket team’s victory parade. Trains to Churchgate and Chhatrapati Shivaji Maharaj Terminus were packed. Roads echoed with patriotic chants from Tricolour-waving fans in blue jerseys, despite intermittent rains. Security personnel, with megaphones, guided crowds. Marine Drive was full by evening, causing gridlock in southern Mumbai, with vehicles bumper to bumper. Motorists faced long delays. Civic-run BEST buses were halted due to parking and overcrowding, affecting ten routes. The Marine Lines to Chowpatty journey took hours. The parade’s significance led to massive disruptions.
T20 World Cup victory parade for India's cricket team to be held tomorrow; check route and timing
The Board of Control for Cricket in India (BCCI) has announced a victory parade in Mumbai, Maharashtra, in honor of Team India's T20 World Cup win in Barbados. The team, which had been stranded in Barbados for three days due to a hurricane, will return to Delhi on Thursday. The victory parade will be hosted at the Marine Drive and Wankhede Stadium. India's team won the tournament with a total of 176/7 in their allotted 20 overs.
Dive into the Antarctic
Experience the mesmerizing Antarctic Peninsula wildlife through Hadley's vivid narration of leopard seals, intelligent penguins, and more on the Safari Stories podcast.
Yen hits 38-year low, Nikkei surges as Trump risk buoys US yields
In a sensational turn of events, the U.S. dollar skyrockets to a 38-year high against the yen amidst speculation of a Trump comeback. The Nikkei soars past 40,000, while oil prices surge at the beginning of the summer driving season. Sterling and the Chinese yuan weaken, with all eyes on the Federal Reserve and upcoming job data.
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Dollar soars near 38-year yen peak as Trump risk lifts US yields
Dollar nears 38-year high to yen amid Trump re-election speculations, Biden's debate influence expected, ECB event in focus.
French voters propel far-right National Rally to strong lead in first-round legislative elections
The far-right National Rally surged ahead in France’s first round of legislative elections, projected to win about one-third of the national vote. This poses a significant challenge to centrist President Emmanuel Macron. If the National Rally secures a parliamentary majority in the second round, it could form France's first far-right government since World War II. The party's leader, Marine Le Pen, urged voters to help her party achieve a legislative majority, potentially leading to a power-sharing arrangement with Macron.
Euro rises after France's first-round vote, yen struggles
Recent events in France and Japan, along with global economic indicators, influence currency movements and central bank policies worldwide, reflecting uncertainties in the financial landscape.
Wild Thang takes the crown in world's ugliest dog contest; Check his photo inside
Wild Thang has been a familiar face in the contest, having participated five times. He came close to winning before, securing second place three times, but this year, he finally claimed the coveted title. Originally from Los Angeles, Wild Thang now resides in North Bend, Oregon, where he enjoys his retirement days.
India can be a hub for making submarines in the APAC region, says Thyssenkrupp exec
TKMS has partnered with Mazagon Dock Shipbuilders Ltd (MDL) and the two have jointly bid for the Indian Navy's Project-75I to build six advanced submarines, which are estimated to cost over Rs 45,000 crore. These submarines are to be made while opting for significant domestic value addition. "This Indian project has the same pattern as we have for South America. India could be the hub for our technology to produce them for some other countries in the Asia Pacific," he said.
France's far-right Le Pen pledges 'unity government' if party wins
President Emmanuel Macron made the gamble of calling the two-round parliamentary elections on June 30 and July 7 after the RN scored more than double that of his centrist alliance in European Parliament elections on Sunday. Macron has long sought to keep the far right RN out of power.
Did onboard people on Titan submersible know it would implode? This is what the chief of the govt-appointed probe team has said
The chief of the government-appointed investigation agency has said that he did not find any evidence to suggest that those onboard knew about the accident.
What is the Colossal Squid? Everything about marine animal found in Antarctic Ocean
Colossal Squid is a marine animal found in the Antarctic Ocean. A team has recently caught an image of it from a polar tourism vessel.
Indonesia Open: PV Sindhu crashes out after losing in first round
Two-time Olympic medalist PV Sindhu faced a first-round exit at the Indonesia Open 2024, losing to Taiwan’s Wen Chi Hsu 21-15, 15-21, 21-14. The match lasted over an hour. This follows her second-round defeat at the Singapore Open against Carolina Marin. Sindhu, currently ranked 12th, has been struggling with recent performances. In women's doubles, Indian pair Rutaparna and Swetaparna Panda also faced a first-round defeat against South Korea's Kim So Yeong and Kong Hee Yong.
Tackling plastic pollution: A call to action for India
Plastic pollution has reached alarming levels, causing devastating consequences for the environment. From clogging waterways to threatening marine life, the pervasive presence of plastic waste demands immediate action.
France's far right may win big in EU elections. That's worrying for migrants, Macron and Ukraine
The June 6-9 elections in all 27 EU countries will shift the makeup of the European Parliament and policymaking in the European Commission, the EU's executive arm, likely further toward the right and far right. And that could boost Le Pen's chances of winning France's presidency in 2027, a long-time dream.
The China challenge: The nuts and bolts of Rs 50,000 cr fighter jet deal
India is enhancing its naval capabilities in response to China's PLA Navy in the Indo-Pacific region. The Indian Navy is set to acquire 26 Rafale Marine fighter jets from France to bolster its aircraft carrier INS Vikrant. The deal, valued at nearly Rs 50,000 crore, will strengthen India's defense ties with France and address the challenge posed by China's expanding naval presence in the region.
India, France to begin contract talks for marine Rafale fighters
The jets will be manufactured to India-specific standards and will have several indigenous systems as well, including weapons and communication. The acquisition is being seen as a stop-gap solution till the development of an indigenous carrier-borne fighter jet. The development of a Twin-Engine Deck-Based Fighter is currently underway but is expected to take close to a decade to be operational.
How China and Russia are vying to disrupt US military edge in outer space
Russia and China are developing abilities to counter the US in the space sector. The weaponization of outer space has emerged as a concern for mankind.
Taiwan president pledges to stand with military, safeguard nation despite Chinese 'external threats'
China's military drills near Taiwan prompted President Lai Ching-te to pledge to stand with the military and protect Taiwan's freedom and democracy. He visited a Marine base, emphasizing the need to defend against external threats and ensure national security. While not directly addressing China's exercises, Lai expressed confidence in the military's ability to maintain security. The Chinese PLA's drills included fighter jets conducting mock strikes, with a focus on deterring Taiwan independence and external interference.
Alien-like bizarre sea creature washed up on Oregon coast. Mysteries surrounding Pacific football fish unraveled
Only a few Pacific football fish have been recorded in New Zealand, Japan, Russia, Hawaii, Ecuador, Chile, and California and this is the first one reported on the Oregon Coast.
Japan's Nikkei changes course to fall as investors pause buying
Japan's Nikkei share average dropped 0.31% to 38,946.93, impacted by investors anticipating U.S. chipmaker Nvidia's earnings. Daikin Industries and SoftBank Group declined, while chip-related shares like Advantest and Tokyo Electron rose. Insurers MS&AD Insurance Group and Tokio Marine Holdings also saw notable movements.
ABS Marine Services shares list at 100% premium over issue price
ABS Marine Services Share Price: ABS Marine Services' shares made a remarkable debut on the NSE SME platform on Tuesday, opening at Rs 294 per share, which was a 100% premium over the issue price of Rs 147 per share. Prior to its listing, the company's shares were trading in the unlisted market with a premium of Rs 100.
Crashed ship that took down Baltimore bridge refloated, towed from channel
The removal of the Dali marked a significant step in the Port of Baltimore's recovery from the boat's March 26 collision with one of the bridge's support pillars. The bridge's collapse killed six road workers and hindered traffic through the busiest port for car shipments in the U.S.
Indian Coast Guard and Jindal Steel & Power sign MoU to enhance indigenous shipbuilding
Indian Coast Guard and Jindal Steel & Power have signed an MoU to enhance the supply of indigenous marine-grade steel for shipbuilding projects. The MoU emphasizes indigenization efforts and underscores the importance of public-private partnerships in addressing security challenges. This collaboration aligns with the government's 'Make in India' and 'Atmanirbhar Bharat' initiatives, aiming to boost self-reliance in the defence sector.
Russia reinsurer backs firms to get India marine insurance permit: Sources
A state-owned reinsurer in Russia has provided financial support to three Russian insurance companies. This backing enables them to obtain Indian approval to offer marine insurance coverage to tankers. The move comes as Moscow aims to facilitate trade with India amidst Western sanctions.
Baltimore bridge: Companies with goods on ship may also have to pay for damages
Nowadays, the costs that become part of a general average calculation would include a tally of the losses incurred to move the vessel to safety, including any damage to cargo.
Mohun Bagan pip Mumbai City to win maiden ISL League Shield
Mohun Bagan won their maiden ISL League Shield 2-1 against Mumbai City FC, marking their first victory over the two-time Shield Winners in four seasons. The win also secured their berth in the AFC Champions League 2 for the first time. The competition now moves to the playoffs of six teams, with the top-two teams playing directly in the semi-finals. The top-three teams, Goa, Odisha, Kerala Blasters, and Chennaiyin, will play single-leg playoffs in a knockout format to determine the other semifinalists.
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