More Today's Headlines
7.4-Magnitude Earthquake Strikes Western Colombia, Causing Over 130 Deaths and Widespread Damage
A powerful 7.4-magnitude earthquake struck western Colombia on August 10, centered near San José del Palmar in Chocó province. The quake caused widespread damage across multiple cities including Pereira, Cali, Quibdo, and Manizales, resulting in at least 132 deaths and over 570 injuries. Dozens of buildings collapsed, trapping residents under rubble, while rescue operations continue amid fears of aftershocks. The tremors were felt as far as Bogota and neighboring countries Ecuador, Venezuela, and Panama. Colombia's president declared a state of emergency and international aid has been pledged.
US Judge Dismisses Criminal Charges Against Gautam Adani Following DOJ Case Withdrawal
A US federal judge dismissed criminal charges against Indian billionaire Gautam Adani, his nephew Sagar Adani, and former Adani Green CEO Vneet Jaain, following the Justice Department's decision to drop the fraud and bribery case. The charges, filed in 2024, alleged a bribery scheme linked to solar power contracts in India and misleading US investors. The judge approved the dismissal with prejudice, permanently closing the case but criticized the Justice Department's unusual process. Adani welcomed the court's decision, expressing respect for the judicial process and reaffirming his commitment to building value for India. The Adani Group has consistently denied wrongdoing.
Top Mutual Funds Report Varied Returns Across Categories and Timeframes as of August 2026
As of August 10, 2026, various mutual funds across categories such as low-duration, equity, hybrid, sectoral, and ETFs reported diverse returns over multiple timeframes. ICICI Pru Savings Fund leads low-duration funds with a 7.4% three-year CAGR, while ICICI Pru Retirement Fund-Pure Equity Plan tops retirement equity funds with 20.7%. Other notable performers include UTI Money Market Fund, Motilal Oswal Nasdaq 100 FOF, and Bank of India Small Cap Fund. Rankings vary by return periods, highlighting the importance of assessing multiple timeframes and benchmarks for investment decisions.