Buffalo's Tifft Nature Preserve Marks 50 Years After Landfill-to-Wetland Transformation

Fed rate hike FAQs: Credit cards, mortgages, car loans, savings explained

NSE IPO Opens: Lower P/E Than BSE but Earnings Tied to Trade Volumes

The National Stock Exchange (NSE) has launched its initial public offering, giving investors a chance to buy into India's dominant stock exchange. NSE is well-placed to benefit from growing retail participation in Indian capital markets. However, the exchange's earnings remain heavily dependent on transaction volumes, posing a risk to revenue stability. NSE's post-issue price-earnings multiple stands at 42.9, which is lower than rival BSE's P/E of 53, despite NSE holding a stronger market position.

US Forces Sink Floating Drug Refuelling Station in Eastern Pacific

US military forces intercepted a floating refuelling station in the Eastern Pacific on September 16. The vessel was allegedly linked to illicit drug trafficking operations run by Ecuador's Los Choneros criminal organization. After boarding the vessel, US forces removed the crew and handed them over to Ecuadorian authorities. The refuelling station was subsequently sunk by US forces following the operation. The action was part of broader efforts to dismantle logistical networks supporting drug trafficking across the Western Hemisphere.

'9/11 architects were not hiding in caves': India hits out at Pakistan at UN over terror safe havens