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☆ Aid trickles in to Nepal villages struck by earthquake as survivors salvage belongings from rubble
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: +4 min

Damaged houses lie in ruins, in the aftermath of an earthquake at Pipaldanda village of Jajarkot district on November 4, 2023. The U.S. Geological Survey said that the quake occurred at a depth of 11 miles (18 kilometers). Nepal's National Earthquake Monitoring and Research Center confirmed that the epicenter was in Jajarkot, about 400 kilometers (250 miles) northeast of the capital, Kathmandu. Friday night's quake was also felt in India's capital, New Delhi, more than 800 kilometers (500 miles) away. A 7.8 magnitude earthquake in 2015 killed around 9,000 people and damaged about 1 million structures.

Persons: Balkumar Sharma, BALKUMAR SHARMA, —, Harish Chandra Sharma, Nirmala Sharma, Mina Bika, Rekha Sharma Organizations: AFP, Getty Images, Geological Survey, Earthquake Monitoring, Research Center, Authorities, Emergency Locations: Pipaldanda, Jajarkot, Nepal, Nepal's, U.S, Kathmandu, Surkhet, India's, New Delhi, Earthquakes

☆ Nepal villagers cremate loved ones who perished in earthquake that shook its northwest, killing 157
▼ + stars: | 2023-11-05 | by ( ) www.cnbc.com time to read: +4 min

Villagers take part in a cremation procession of people who died during an earthquake in Jajarkot, Nepal on Nov. 5, 2023. Villagers in the mountains of northwest Nepal cremated the bodies of some who perished in an earthquake that shook the area Friday night. The U.S. Geological Survey said the earthquake had a preliminary magnitude of 5.6 and occurred at a depth of 11 miles (18 kilometers). Nepal's National Earthquake Monitoring & Research Center confirmed the epicenter was in Jajarkot, which is about 400 kilometers (250 miles) northeast of the capital, Kathmandu. A 7.8 magnitude earthquake in 2015 killed some 9,000 people and damaged about 1 million structures.

Persons: pyres, Bika, Rekha Sharma, Pun Organizations: Villagers, Sunday, Geological Survey, Earthquake Monitoring, Research Center Locations: Jajarkot, Nepal, Chiuri, Jajarkot district, Rukum, Chepare, U.S, Kathmandu, Nepalgunj, India's, New Delhi, Earthquakes

Brochures are seen at a branch of Axis Bank in Mumbai, India, January 22, 2018. REUTERS/Danish Siddiqui/File photo Acquire Licensing RightsNEW DELHI, Sept 15 (Reuters) - The co-CEO of Axis Bank's (AXBK.NS) investment banking unit Axis Capital, Chirag Negandhi, has resigned, according to an internal memo seen by Reuters on Friday. The investment bank will likely tap an outside candidate for Negandhi's role, two sources with direct knowledge of the matter told Reuters. Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo. Negandhi spent more than 13 years at the Axis' investment banking unit and would continue for three more months, the source added.

Persons: Danish Siddiqui, Salil Pitale, Negandhi, Sriram Mani, Tanvi Mehta, Sethuraman, Shweta Agarwal Organizations: Axis Bank, REUTERS, Danish, Capital, Chirag Negandhi, Reuters, Axis Capital, Cyient DLM, Mankind Pharma, Bikaji, Thomson Locations: Mumbai, India, DELHI, Axis

[1/2] A view shows packets of snacks on the shelves inside a Haldiram's restaurant in Mumbai, India, September 6, 2023. Tata Consumer shares surged and closed nearly 4% higher in Mumbai trade after Reuters reported news of the talks. The potential acquisition represents an exciting opportunity for Tata, the person said, adding: "Tata (Consumer) is seen as a tea company. A spokesperson for Tata Consumer Products said it "does not comment on market speculation". The $10 billion valuation sought by Haldiram's for the deal translates to 6.6 times its annual revenue of $1.5 billion, sources said.

Persons: Sriram, Tata, Mukesh Ambani's, Tetley, Haldiram's, Krishan Kumar Chutani, Bain, Ankur Bisen, Manohar Lal Agrawal, Aditya Kalra, Chris Thomas, Edwina Gibbs, Alexandra Hudson Organizations: REUTERS, India Tata, Tata, Pepsi, Bain Capital, Tata Consumer Products, Starbucks, Tata Consumer, Reuters, Haldiram's, Euromonitor International, Tata Group, CNBC TV18, Bikaji Foods, Alexandra Hudson Our, Thomson Locations: Mumbai, India, MUMBAI, DELHI, Singapore, United States, Bikaji

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