Weekend News Wrap: August 11 to August 17

Weekend News Wrap

Tragic Case of Doctor in Kolkata

Weekend News Wrap: A disturbing case emerged from Kolkata where a post-graduate trainee doctor from RG Kar Medical College and Hospital was found dead in the seminar hall of the hospital. The initial autopsy reveals signs of a brutal murder and sexual assault.

Hindenburg's Claims Against SEBI Chief

Recently, Hindenburg Research accused SEBI Chairperson Madhabi Puri Buch of having connections with offshore companies related to the Adani group. This raised concerns about possible conflicts of interest and regulatory issues. Madhabi Puri Buch and her husband, Dhaval Buch, have responded thoroughly to these allegations, which were made public on August 10, 2024.

India’s Retail Inflation Hits a 5-Year Low

India's retail inflation dropped to 3.54% year-on-year in July, the lowest in nearly five years. This decrease is attributed to a high base effect, bringing the inflation rate below the Reserve Bank of India's target of 4% for the first time in almost five years.

Nykaa’s Impressive Q1 Results

FSN E-Commerce Ventures, which runs the popular beauty and personal care brand Nykaa, reported a massive 152% increase in net profit for the April-June quarter of fiscal 2024-25. The profit surged to Rs.13.6 crore from Rs. 5.4 crore in the same period last year.

Starbucks CEO Laxman Narasimhan to Resign

Starbucks CEO Laxman Narasimhan will be stepping down from his position. Chipotle Mexican Grill’s CEO, Brian Niccol, has been named as the new CEO and chairman of Starbucks, taking over from Narasimhan after just over a year.

Vinesh Phogat's CAS Verdict

Wrestler Vinesh Phogat was disappointed after the Court of Arbitration for Sport (CAS) dismissed her appeal for a silver medal from the Paris Olympics 2024. Despite her strong performances at the Games, Phogat’s request was not granted.

Mpox Outbreak Declared Emergency

The World Health Organization (WHO) has announced mpox as a global health emergency.This decision comes amid an outbreak in Congo, where over 27,000 cases and around 1,100 deaths have been reported since January 2023, marking the country’s worst outbreak ever.

Kashmir Terrorist Encounter

In Kashmir, an Army captain named Deepak Singh was killed, and a civilian was injured during an ongoing military operation in Doda district. Captain Singh was critically injured and later died in a military hospital.

Also read:State-by-State Breakdown of Rape Cases in India; What does 2022 report states?