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The body of an eight-year-old girl, who was missing yesterday, was found murdered in Delhi’s Shankar Vihar Military Area. As per the police, the relatives of the girl alleged that she was raped and murdered. New Delhi : In a shocking incident, the body of an eight-year-old girl, who was missing yesterday, was found murdered in Delhi’s Shankar Vihar military Area. As per the police, the relatives of the girl alleged that she was raped and murdered. The locals have also blocked the National Highway Jaipur Road after the incident came to light. As per the missing complaint was filed regarding the incident. Her parents had also searched her all night. He body was found hanging from a rod in building that was lying vacant. After recovering the body, the police sent it to post-mortem. The police are also looking at the CCTV footage of the area. Accused nabbed after the incident As per the police, the investigation has revealed that the accused lured the girl and took her to a deserted plot in the campus. There he allegedly tried to rape her and when she shouted, he strangled her to death. The accused also tied a rope around the girl’s neck and tied it to the window, to make it look like a like a case of suicide. The accused has been arrested under the sections of POCSO and murder. According to the Station Commander of the Delhi Cantonment, the local military officials are providing full support to the family and are cooperating closely with the police. A thorough probe has been launched into the incident, the officer added. “Our thoughts and prayers are with the family. The police are in continuous touch with them to provide any assistance they need,” the official said. The victim used to live with her family in the servants’ quarter Sharing details, the police further said that the girl used to live with her family in servant quarters. Her mother works as a maid. The police have arrested the son of another servant living on the campus. The accused has been identified as Shivam, a fifth pass. Click for more latest Crime news . Also get top headlines and latest news from India and around the world at News9. Subhajit Sankar Dasgupta has nearly 18 years of experience. Currently, he is serving as Associate Editor with news9live.com, a part of Associated Broadcasting Company Pvt Ltd. He started his career with The Pioneer and went on to work in a number of media organisations, including IANS, Financial Express Online, The Political and Business Daily, among others. Apart from online media, he has also worked in print media. Among the beats he covers include politics, sports and infrastructure. He has a Master’s degree in Mass Communication from Guru Jambeshwar University. During his free time, he likes to read books and play table tennis.

Pete Alonso’s options are dwindling — here are his potential landing spots aside from the Mets

A plan by Advance Auto Parts to stem deepening losses by closing hundreds of stores will result “in a complete exit of certain markets on the West Coast” as the company shutters California locations, its chief executive said. The national auto supply chain plans to close more than 725 locations around the country as well as four distribution centers on the West Coast, Chief Executive Shane O’Kelly said in an earnings call last week. Although he didn’t specify which stores would close, O’Kelly signaled that the downsizing would focus heavily on California and the Pacific Northwest, saying that stores supplied by the four distribution centers marked for closure will also be shut down. “Our four distribution centers on the West Coast serve a lower concentration of stores,” O’Kelly said in the earnings call. “We believe that investing in other core areas of the business will help deliver stronger profitability.” Advance Auto Parts currently has 139 locations in California, according to its website. The North Carolina-based company operates about 4,700 stores along with 1,100 independently operated locations, which are primarily in the U.S. but also in Canada, Mexico and the Caribbean islands. Operations in Canada will not be affected, O’Kelly said. The automotive aftermarket is about a $300 million annual industry, said Bret Jordan, a research analyst at Jeffries. Supply chain efficiency is key for auto part retailers, he said, something Advance Auto Parts has struggled with. While Advance Auto generally receives shipments from distribution centers about once a week, competitor O’Reilly Auto Parts gets shipments once a day, Jordan said. “What they’re doing on the West Coast is getting out of regional markets where they don’t have an effective supply chain or the density to build an effective supply chain,” he said. “They’re trying to improve company wide profitability by cutting out the least profitable regions.” The reduction in its footprint is part of the company’s “strategic plan to improve business performance,” according to a statement released as part of its recent quarterly earnings report . The company also plans to increase the pace of new store openings in higher-performing regions, the release said. The car parts seller, which stocks batteries, motor oil and more, posted underwhelming third-quarter results this month, reporting a net loss of $6 million on revenue of $2.1 billion. The figures marked an improvement compared with the $62-million loss it posted for the same period last year on $2.2 billion in revenue. The company’s stock closed Thursday at $38.69, down more than 37% this year. Advance Auto Parts closed a $1.5-billion sale of Worldpac, its car parts wholesale distribution business, to investment firm Carlyle this month. O’Kelly did not comment on the number of employees expected to be affected.Holiday gift ideas for the movie lover, from bios and books to a status tote

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases , it’s likely that fewer buyers will choose EVs. Yet tax credits or not, auto companies show no intention of retreating from a steady transition away from gas-burning cars and trucks, especially given the enormous investment they have already made: Since 2021, the industry has spent at least $160 billion on planning, designing and building electric vehicles, according to the Center for Auto Research. In campaigning for the presidency, Trump condemned the federal tax for EV buyers — up to $7,500 per vehicle — as part of a “ green new scam ” that would devastate the auto industry. His transition team is reportedly working on plans to abolish the tax credits and to roll back the more stringent fuel-economy rules that were pushed through by the Biden administration. It is far from clear, though, that the Trump administration could actually rescind the credits. Trump’s argument — one that most economists dispute — is that a rapid U.S. shift toward electric vehicles would lead to most EVs being made in China and would swell prices for America’s auto buyers. He has said he would redirect federal revenue recaptured from a canceled tax credit to build roads, bridges and dams. | Ending the credits, which were a key provision of President Joe Biden’s Inflation Reduction Act, almost certainly would reduce EV sales, which have been growing in the United States this year, though not nearly as fast as automakers had expected. The slowing growth has forced nearly all auto companies to scale back EV production and delay construction of battery factories that are no longer needed to handle a more gradual transition. Jonathan Chariff, an executive at Midway Ford in Miami, one of the company’s top EV-selling dealers, said he thinks ending the tax credits would severely hurt sales. The credits reduce monthly payments, he noted, making an EV closer in price to a gasoline counterpart. “It becomes more affordable,” he said. “Otherwise, those individuals won’t be able to afford the payments.” Chariff calculated that the $7,500 credit could shrink a buyer’s monthly payment by between $200 and $250, allowing many to afford an EV. On average, electric vehicles sell for about $57,000, compared with around $48,000 for a gasoline vehicle, according to Cox Automotive. (Though they cost more up front, EVs generally are cheaper to operate because maintenance costs are lower, and in most cases electricity is much cheaper than gasoline.) To qualify for the credits, EVs must be built in North America. EVs that contain battery parts or minerals from China or any other nation that is deemed an economic or security threat to the United States qualify for only half the federal credit. Because of that restriction, most of the 75 EV models on sale in the U.S. are not eligible for the full credit. All EVs, though, can receive the full credit toward a lease — a benefit that Trump likely will target. Some plug-in gas-electric hybrids qualify for the credits, too. Asked about the president-elect’s opposition to EV tax credits, Trump’s transition team would say only that he has “a mandate to implement the promises he made on the campaign trail.” Elon Musk , a close adviser to Trump and co-leader of a commission that intends to identify ways to vastly shrink the federal government , appears to be aligned with the president-elect in canceling the tax credits. Musk, the billionaire CEO of Tesla who spent an estimated $200 million to help elect Trump, has said that ending the credits would hurt his rival companies more than it would Tesla, the U.S. sales leader in EVs by far. “I think it would be devastating for our competitors and would hurt Tesla slightly,” he said. Even so, it might prove difficult for Trump to rescind the credits without help from the new Republican-led Congress, many of whose members represent districts where the EV credit is popular. Trump has floated the idea of using a constitutional theory by which a president could decide whether or not to spend money Congress has appropriated. The president-elect has promoted the concept of “impoundment,” under which congressional appropriations set a ceiling — but not a floor — for spending federal money. John Helveston, an assistant professor at George Washington University who studies electric vehicles and policies, said that in his view, the impoundment theory wouldn’t apply in this circumstance because the EV tax credits affect government revenue and are not an appropriation. In any case, Helveston said he doubts Trump could persuade Republican lawmakers to remove the credits from the Inflation Reduction Act because so many congressional districts benefit from the tax breaks. “Cutting the EV tax credit makes it harder for the battery factory in their town to sell their product,” he noted. A 1974 federal law bars a president from substituting his own view of spending programs, said David Rapallo, associate law professor at Georgetown University. If Trump cancelled the tax credits, Rapallo said, it would be challenged in court. Research by J.D. Power shows that once people know about the tax credits, they’re far more likely to consider an electric vehicle. In the meantime, federal subsides, not only for buyer tax credits but also for converting factories to EV production, are helping General Motors, Ford and Stellantis make the enormously expensive transition away from gasoline vehicles. It’s also helping Detroit’s Big Three compete with foreign rivals, notably Chinese automakers that received government subsidies and had a head start in developing EVs, said Sam Fiorani, a vice president at the consultancy AutoForecast Solutions. At present, Ford and GM, while profitable overall, are losing money on EVs, unlike Tesla, though both expect their electric-vehicle operations to generate positive earnings in the coming years as costs ease and more vehicles are sold. Eliminating the federal tax credits, Fiorani suggested, would “hurt the Detroit Three in the long run as they become less competitive against global players making the technological leaps” for electric vehicles. GM, Ford and Stellantis all declined to comment, though their executives have said in the past that they will continue to develop EVs while still selling gasoline vehicles and hybrids. The Alliance for Automotive Innovation, a trade group that represents most automakers, has written to Trump in support of the tax credits, arguing that they help ensure that the U.S. “continues to lead in manufacturing critical to our national and economic security.” Hyundai, the Korean automaker, which has spent more than $7 billion on an EV factory in Georgia , could also suffer. The company sped up construction of the huge plant near Savannah and is now building EVs in the United States to try to capitalize on the tax credits for buyers. In the end, most automakers say their ambitious plans for transitioning to electric vehicles won’t change regardless of policy changes in Washington. “We plan for the long term, so political considerations aren’t a factor in how we approach product development or capital investments,” said David Christ, vice president of Toyota North America, which is building a battery factory in North Carolina. —Tom Krisher, Associated Press auto writer Fatima Hussein and Jeff Amy contributed to this report. The application deadline for Fast Company’s World Changing Ideas Awards is Friday, December 6, at 11:59 p.m. PT. Apply today.

Dec. 24 (UPI) -- A series of bright fireballs that illuminated the night sky over several southern states was identified as the remains of a Chinese satellite. Witnesses reported seeing a group of fireballs streaking across the sky Saturday night over Tennessee, Arkansas and other southern states. Astronomer Jonathan McDowell said on social media that the light show was likely the remains of the decommissioned GaoJing/SuperView-1 02 satellite burning up in the atmosphere. The commercial imaging satellite was launched in 2016 and was decommissioned after two years. Read More

New Delhi: External affairs minister S Jaishankar is currently touring the US to meet members of the outgoing Biden administration as well as key players of Trump 2.0 to discuss the incoming administration's priorities and India's expectations for the next four years. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America Ahead of Jaishankar's visit, foreign secretary Vikram Misri held meetings with Deputy Secretary of State Kurt Campbell and Deputy Secretary of State for Management & Resources Richard Verma at Foggy Bottom headquarters of the State Department. ET was the first to report that Jaishankar and Misri will visit the US this month to engage with members of the incoming Trump administration . Among the agenda items for Jaishankar and Misri is the Quad Summit that India is scheduled to host in 2025, iCET, the situation in South Asia, Khalistani extremism and defence partnership , it is learnt. Discussions with the Trump team are likely to centre around the President-elect's focus on trade and tariffs , besides partnerships on technology, geopolitics and geoeconomics in the backdrop of the Israel-Palestine conflict and the Russia-Ukraine war. Ahead of Jaishankar's trip, US NSA Jake Sullivan telephoned Bangladesh interim regime chief adviser Mohammed Yunus and called for protecting 'human rights of all people, regardless of religion' in the backdrop of rising attacks on minorities. 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Two-way trade is expected to cross the $200 billion mark in 2024, he added. The number of Indian students in the US has increased from just 54,664 in 2000 to over 330,000 in 2023, while the population of the Indian diaspora is now over five million from 1.9 million in 2000. Verma said the Biden-Harris administration appointed a record number of 130 Indian Americans to senior positions. India today is the top military exercise partner of the US, he said, adding the US is the biggest source of remittances to India. A fifth of unicorns in the US have Indian migrants as founders or cofounders, Verma noted. It may be recalled that last week, the Biden administration slapped sanctions on four Pakistani entities, including state-owned flagship aerospace and defence agency National Development Complex, on charges of contributing to Pakistan's ballistic missile programme. Also, US principal deputy national security adviser Jon Finer, Campbell and Indian ambassador to the US Vinay Kwatra last week travelled to the Johnson Space Center in Houston, Texas, to mark the significant progress that the two countries have made to strengthen space cooperation, including under iCET. (You can now subscribe to our Economic Times WhatsApp channel )

In the world of Canadian financial stocks, ( ) and ( ) are top dividend payers. While both are , their market performance and future growth potential diverge. TD Bank has been stuck in a sideways range for over two years, while Manulife has surged following a breakout in late 2023. But which stock is the best buy right now? Let’s compare these financial giants and see which might offer better investment opportunities for different types of investors. Manulife’s long-term recovery: A dividend-growth story For years, Manulife was overshadowed by its 2008 global financial crisis woes, which caused a significant drop in its stock price. It took years for investors to warm up to Manulife stock again. It began increasing its dividend in 2014, but it wasn’t until late 2023 that Manulife broke out of its long sideways trend, signalling renewed investor confidence and a positive outlook. Its stock price only recently returned to pre-crisis levels. At around $45 per share at writing, Manulife trades at a of about 12, which is relatively reasonable considering its growth prospects. Analysts predict a steady earnings growth rate of at least 7% annually over the next couple of years, providing a solid foundation for future stock appreciation. Furthermore, with a dividend yield of nearly 3.6% and a solid 10-year dividend-growth rate of 10.9%, Manulife continues to reward investors. It is expected to raise its dividend again in February, which is in line with its historical schedule. Other than earnings growth, the key to Manulife’s future growth lies in its dividend payout ratio, which stands at a sustainable 42%. This gives investors confidence that the company can continue to boost its dividend in the coming years, with the potential to be roughly a 7% increase next year. In short, Manulife is on solid footing, offering a mix of steady income and capital appreciation potential for patient, long-term investors. TD Bank: A value play with a steady yield TD Bank has been trading sideways for over two years. With its strong market presence both in Canada and the United States, TD offers investors a solid foundation in the retail banking sector. However, the stock has struggled to regain momentum, and no one knows when the current stagnation will end. Despite this, TD’s long-term outlook remains promising. TD’s current dividend yield of 5.2% is highly attractive, especially for income-focused investors. The bank boasts a solid track record of paying out healthy dividends, with a 10-year dividend-growth rate of 9%. While its earnings growth and dividend growth may be somewhat capped in the short to medium term — especially due to regulatory limitations in its U.S. operations — the bank’s stability makes it a great option for value investors who are willing to wait for the potential upside. TD’s valuation is on the lower end compared to its big Canadian bank peers, making it an intriguing choice for those looking for a stock with a potential multi-year turnaround. As with Manulife, TD’s sustainable payout ratio and consistent earnings growth ensure that the dividend will remain intact, providing ongoing returns while the stock waits for its next phase of growth. Which stock should you choose? So, which is the better stock to buy right now: TD or Manulife? If you’re an income-seeking investor who values a higher dividend yield and can tolerate short- to medium-term market stagnation, TD may be the better pick. With its solid dividend history and long-term stability, it offers a reliable income stream while waiting for a potential rebound. If you’re looking for growth momentum and a stock that appears to be poised for further appreciation, Manulife could be the ideal choice. The company has shown impressive recovery and continues to trade at a reasonable valuation, all while maintaining a healthy dividend growth trajectory. Ultimately, the best choice depends on your investment style — whether you’re after value and have patience with TD or growth and momentum with Manulife.

The Galapagos debt-for-nature swap highlights the importance of environmental conservation and sustainable economic growth Sri Lanka unilaterally defaulted on its external debt in April 2022, exposing its long-standing economic and financial vulnerabilities and igniting a series of inter-related multiple economic crises—fiscal, debt, currency, inflation, and balance of payments—as well as a vast socio-political upheaval. The root cause of Sri Lanka’s economic crisis was a result of misuse of public funds by politicians on an unprecedented scale and large fiscal deficits, which were increasingly financed by unsustainable public debt, particularly foreign commercial borrowings. This carefully over time navigated Sri Lanka into a public debt crisis, international sovereign bond unsustainability, liquidity crisis, and a collapse in the exchange rate. These were the catalysts for Sri Lanka’s decision to a unilateral default on its external debt. A substantial reduction and reprofiling of debt through restructuring of both domestic and foreign debt to ensure debt sustainability is essential coupled with a meaningful fiscal policy reform anchored by revenue increases and expenditure rationalisation to reduce fiscal deficits. Deep growth-enhancing structural reforms are necessary for medium-term rescue and recovery and long-term growth and stability of Sri Lanka. Like Sri Lanka, Ecuador in South America was searching for an exit ramp for its Sovereign Bond situation. Instead of using conventional brick-and-mortar restructuring methods, they came up with an innovative Debt for Nature swap, repurchasing $ 1.6 billion worth of Ecuador’s outstanding bonds at approximately 40 cents on the dollar. Debt for Nature Swap will save Ecuador $ 1.1 billion in debt service repayments over the next several years, with $ 450 million invested in conservation and sustainable activities. This goes on to show that there could be multiple ways to restructure a country’s sovereign bonds and this is a valuable lesson for Sri Lanka. The Government of Ecuador (through the National Planning Secretariat, the Ministry of Economy and Finance, and the Ministry of the Environment, Water, and Ecological Transition), with the support of the Green Climate Fund, has announced the launch of the “Sovereign Green Bonds Framework of Ecuador”. The document establishes guidelines, technical mechanisms, and instructions necessary to implement the core components of the Green Bond Framework. Projects funded by the issuance of these green bonds must meet eligibility criteria. Eligible projects include those focused on the development of renewable energy; sustainable agriculture, land use, and protected areas; sustainable and low-carbon transportation; and sustainable management of natural resources, among others. These programs and projects are expected to contribute to Ecuador’s transition towards sustainable development, based on low emissions and resilience to climate change. On 9 May 2023, Ecuador’s government successfully completed the Galapagos Debt for Nature swap, repurchasing $ 1.6 billion worth of Ecuador’s outstanding bonds at approximately 40 cents on the dollar. The operation will save Ecuador $ 1.1 billion in debt service repayments over the next 17 years, with $ 450 million invested in conservation and sustainable activities. Conservation investment will benefit the Galapagos National Park, the Galapagos Marine Reserve, and the new Hermandad Marine Reserve, which together total 198,000 square marine kilometres. The Global Green Growth Institute (GGGI), with funding from the Latin American Development Bank (CAF), acted as a trusted advisory to the Ministry of Economy and Finance throughout the transaction by providing technical and financial advice. This was a significant milestone for Ecuador’s efforts to promote sustainable development and environmental conservation. GGGI’s financial and technical advice included advice on the structure the debt swap transaction in compliance with Ecuador’s regulations and policies; design Ecuador’s Sovereign Green Bond Framework and secure its positive Second Party Opinion; coordination on the negotiation and formalisation of conservation commitments and the establishment of the Galapagos Life Fund; securing third-party credit enhancement by developing policies, regulations and frameworks required by third-party guarantors; and build the technical capacity of government officials from the Ministry of Environment and the Ministry of Finance and Economy on debt for nature swaps and other sustainable financial instruments key to the transaction under the framework of Ecuador. The Galapagos debt-for-nature swap highlights the importance of environmental conservation and sustainable economic growth. The swap not only contributed to environmental conservation but also helped Ecuador save over a billion dollars in interest payments. The Republic of Ecuador is now in the process of issuing its first Social Bond with the objective of diversifying its sources of funding for financing access to affordable and decent housing, thus reducing the housing deficit in the country. The proceeds from the bonds will be used to finance the public policy of affordable and decent housing through the provision of capital on appropriate terms for Social Interest Housing (or Vivienda de Interés Social, VIS) and Public Interest Housing (Vivienda de Interés Público, VIP). (The writer is former currency strategist, commodity futures trader, and technical analyst.)