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21.11 / 09:29
markets Analysis Trade Experts show performer reports Nifty's 200-DEMA breach gave positive returns 10 of 11 past times: Report
Nifty 50 index recently breached a significant technical milestone, its 200-day Exponential Moving Average (EMA), on November 13 and is now trading below it. Domestic brokerage firm Bajaj Broking believes that it is a signal, promising potential returns for investors in the coming months. A report by Bajaj Broking suggests that historically, out of 11 instances analyzed (excluding the COVID-19 market crash), the Nifty showed positive returns in 10 cases over a one-year period. This track record further emphasizes the potential significance of the recent EMA touchpoint.
21.11 / 09:29
Google CEO Strategy Election SpaceX stars reports Elon Musk joins Google CEO Sundar Pichai’s congratulatory call to Donald Trump: What’s next?
Elon Musk joined Google CEO Sundar Pichai on a call with U.S. President-elect Donald Trump, according to The Information. Pichai called Trump to congratulate him on his victory over Kamala Harris in the recently concluded U.S. presidential election. While the conversation details remain unclear, Musk reportedly listened in as Pichai conveyed his message to Trump.
21.11 / 09:29
markets Strategy Election Experts show performer Maharashtra election: What exit poll results mean for parties in fray
After the close of voting, several exit polls backed the BJP-led alliance to dominate, while two suggested that the Maha Vikas Aghadi (MVA) coalition would go all the way. Some saw the BJP-led Mahayuti securing as high as 160 seats. Congress-led INDIA bloc is projected to get approximately 120 seats. The majority mark in the state is 145. In the 2019 Maharashtra assembly elections, BJP won 105 seats and its then ally Shiv Sena (undivided) 56. The NCP (undivided), which was part of the UPA, bagged 54 constituencies and Congress 44.
21.11 / 09:29
markets Action Strategy Food Experts reports testing Heavy metals found in 'expertly crafted' Lindt chocolates: How safe is your favorite treat?
Swiss chocolate company Lindt & Sprüngli has found itself at the centre of a legal controversy in the United States. In 2023, a class action lawsuit was filed against the company, accusing it of misleading consumers about the quality of its products. The case stems from allegations that Lindt’s premium dark chocolate contains significant amounts of lead and cadmium, two heavy metals known to have harmful effects on health. The legal dispute began after a 2022 Consumer Reports study, which highlighted the presence of alarmingly high levels of lead and cadmium in Lindt’s Excellence Dark Chocolate 85% Cocoa and Excellence Dark Chocolate 70% Cocoa. The study, which examined several brands of dark chocolate, raised concerns about the long-term health effects of consuming chocolate with high metal levels. Lindt, however, was the focus of much of the backlash. In its defence, Lindt claimed that «lead and cadmium are unavoidable in the food supply» and insisted that the trace amounts in its products were well within regulatory limits. The company further argued that marketing terms like “expertly crafted” and “finest ingredients” were simply promotional language, or “puffery,” which should not be taken as literal guarantees. This legal strategy was intended to have the case dismissed, but it only sparked further criticism.
21.11 / 09:29
markets Provident security Strategy Sustainability awards Features BEML gets Rs 246.78 crore truck supply order from Central Coalfields
BEML on Thursday said it has secured an order worth Rs 246.78 crore from Central Coalfields Ltd (CCL) for the supply of rear dump trucks which are used in mining operations. As part of the order, BEML said it will supply 48 BH60M rear dump trucks, along with spares, and also provide after-sales service support. «BEML has secured a substantial order worth Rs 246.78 crore from Central Coalfields Limited (CCL),» it said. The trucks have been developed in-house with features like a 360-degree rear camera for comprehensive visibility and improved safety, an automatic fire suppression system for emergency preparedness, and an auto lube system to ensure seamless maintenance, BEML said in a statement.
21.11 / 09:29
markets Manufacturing Strategy awards electronic reports World's biggest solar deal at the centre of Adani's indictment
Adani Group, helmed by billionaire Gautam Adani, bounced back from the attack by American short-seller Hindenburg Research, which had accused it of stock manipulation and fraud, the conglomerate has suffered a massive hit as prosecutors in the United States charged Gautam Adani with helping drive a $250 million bribery scheme. Stocks of Adani Group companies fell up to 20% on Thursday after Adani and seven others faced charges in the US. Prosecutors have alleged that the group bribed Indian officials to secure solar energy contracts. The US prosecutors have charged Adani and others because they allege the defendants concealed the plan to pay more than $250 million in bribes to Indian government officials to win solar energy contracts as they sought to raise money from US investors. The mega Adani deal that has landed in controversy
21.11 / 09:29
markets Strategy Remark pandemic show Courts Sambit Patra slams Rahul Gandhi over press conference, refers to Adani allegations as political gimmicks
BJP national spokesperson Sambit Patra on Thursday hit back at Rahul Gandhi after the Congress leader demanded a probe into allegations against Gautam Adani and SEBI chairperson Madhabi Puri Buch. Patra dismissed Gandhi’s statements, claiming they were a repetition of past tactics to level unfounded allegations against BJP and Prime Minister Narendra Modi.
21.11 / 09:29
markets IPO security Parke Trade Wildlife hospital Jungle Camps India secures BSE SME nod for IPO, aims to raise Rs 30 crore
The offer will consist entirely of a fresh issuance of 40,86,400 equity shares, each with a face value of Rs 10, via the book-building route.
21.11 / 09:29
markets UPS Manufacturing Strategy Sustainability Hyundai Hyundai Motor India to set up 2 renewable energy plants at Chennai facility
Hyundai Motor India Ltd (HMIL) on Thursday said it will set up two renewable energy plants at its vehicle manufacturing unit in Tamil Nadu as part of the company's move to transition to 100 per cent renewable electricity across manufacturing operations by 2025. The company has signed a power purchase and shareholder agreement with Fourth Partner Energy Ltd (FPEL) for the purpose of setting up of a 75 MW solar plant and a 43 MW wind power plant to cater to its renewable energy requirements, Hyundai Motor India Ltd (HMIL) said in a statement. These facilities will operate under a group captive mode with a special purpose vehicle (SPV) formed for engineering, procurement, construction, operations and maintenance. HMIL will hold 26 per cent and FPEL will hold 74 per cent equity stake in the project, it added. This long-term agreement will ensure a 25-year supply of renewable energy to HMIL, the company said.
21.11 / 08:49
reports Liontrust profits sink by a further 28% as AUM continues to decline
In its half year results published today (21 November), the firm reported its adjusted profits for this year slump from the £36 million reported in 2023, driven by an 19% fall in net revenues to £81.1m. This was partly offset by a 36% decline in operating expenses year-on-year to £69.8m.  In October, Liontrust reported a 4% slump in assets under management and advice (AuMA) over the three months ended 30 September 2024, a figure which has declined further to £25.2bn since then.  Peel Hunt analysts Robert Sage and Stuart Duncan noted that although «declining AUM is unhelpful, but mid s...
21.11 / 08:49
Target Boeing pandemic 2020 UK public sector borrowing jumps £1.6bn as Treasury reiterates repair pledge
UK borrowing – which is the difference between public sector spending and income – was £17.4bn last month, the second highest October borrowing since monthly records began in January 1993, according to data from the Office for National Statistics. The previous October high was set in 2020 in the midst of the Covid-19 pandemic when levels hit £18.2bn. Hike in energy prices pushes inflation above BoE target at 2.3% in October This was also an increase on September's value, when the government borrowed £16.6bn. Last month's figures came in £1.5bn higher than the £15.1bn borrowing f...
21.11 / 08:49
markets ISA reform 'under review' after absence in Budget and Mansion House
Although there was no mention of ISAs in Chancellor Rachel Reeves' first Budget last month, nor in her maiden Mansion House speech last week, Labour had promised to increase retail participation in capital markets in its campaign commitments.  The only move related to ISAs, which was also confirmed in the Autumn Budget in October, was the scrapping of the Great British ISA, unveiled by former chancellor Jeremy Hunt earlier this year. Under the new Labour government, the Treasury said it would not go ahead with the GB ISA plans despite having sought industry feedback on the matter.  ...
21.11 / 08:49
country UK launches new Global Clean Power Alliance as COP29 talks edge forward
The UK officially launched the Global Clean Power Alliance at the G20 Summit in Rio de Janeiro yesterday, fuelling hopes that a growing coalition of countries are willing to push for an ambitious new climate agreement at the COP29 Summit in Baku. Brazil, Australia, Barbados, Canada, Chile, Colombia, France, Germany, Morocco, Norway, Tanzania, and the African Union have committed to supporting the new alliance's first 'Mission', while the US and EU have been named as partners of the initiative.  COP29: Keir Starmer confirms UK will aim to cut emissions 81% by 2035 Prime Minister Kei...
21.11 / 08:47
markets COST Provident Software wellness symphony reports Japan's Rakuten best on Open RAN, Gen AI solutions for India growth
Subscribe to enjoy similar stories. NEW DELHI : Japanese telecom and technology major Rakuten Group, Inc. expects growth from open radio access network (Open RAN) solutions it offers to telecom service providers in global markets, though some of its deals are yet to pan out in the Indian market.
21.11 / 08:47
COST Manufacturing Sustainability Food 2020 Department Updates Labelling standards: Impactful reforms can be delivered in small packages
Subscribe to enjoy similar stories. With the incoming Trump administration’s new Department of Government Efficiency under Elon Musk and Vivek Ramaswamy in the US, the issue of government efficacy is in focus. India has been steadily leading its own quiet revolution through rigorous process reforms, systematically streamlining governance and dismantling bureaucratic red tape.
21.11 / 08:47
UPS Provident Man shock Courts Navigating Muslim personal law, inheritance, and estate planning
Subscribe to enjoy similar stories. When tragedy strikes, the complexities of inheritance laws add another layer of hardship. This unexpected reality, often rooted in religious laws, underscores the importance of estate planning.
21.11 / 08:33
markets Strategy Election Experts track Courts AAP announces first list of candidates for 2025 Delhi Assembly elections
Aam Aadmi Party (AAP) on Thursday revealed its first list of candidates for the upcoming Delhi Assembly elections, expected to be held in early 2025. The list includes several former BJP and Congress leaders who recently joined AAP. Brahm Singh Tanwar, Anil Jha, and BB Tyagi from the BJP, along with Chaudhry Zubair Ahmad, Veer Dhingan, and Sumesh Shokeen from the Congress, have been given tickets for the elections.
21.11 / 08:33
markets Art Gap Analysis trends Trade Experts PNB stock price 3.77 per cent as Sensex
Punjab National Bank 3.77 per cent to Rs 97.10 at 01:45PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,532,629 shares with a turnover of Rs 34.08 crore till 01:45PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.72, while the price-to-book value ratio stood at 1.34.
21.11 / 08:33
markets Art Gap Analysis trends Trade Experts Bank of Baroda stock price 3.41 per cent as Sensex
Bank of Baroda 3.41 per cent to Rs 229.10 at 01:50PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 1,508,015 shares with a turnover of Rs 34.06 crore till 01:50PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 5.93, while the price-to-book value ratio stood at 1.14.
21.11 / 08:33
markets FIVE Strategy Mobile Experts shock Special 26 Reloaded: Cybercriminals pose as CBI to loot ₹6.29 crore from senior executive
In a shocking case of cybercrime, a 59-year-old senior executive at a Mumbai-based software company lost ₹6.29 crore to fraudsters impersonating CBI officials, ToI reported. The incident, recorded as the largest online fraud case by the Pune Cyber Police, unfolded between November 9 and November 14 at the victim’s residence in Pashan, Pune. Police revealed that the crooks kept the victim under «digital arrest» for five days, using the pretext of verifying alleged money laundering transactions linked to his mobile number. «The victim, who will retire from service in the next six months, was thoroughly disturbed when he approached us with a complaint,» said Deputy Commissioner of Police (Cyber) Vivek Masal. «We took him into confidence and counselled him into lodging a complaint and registered an FIR. A police team has been formed to analyse the audio-video calls between the crooks and the victim and details of the bank accounts where money was transferred to establish the money trail.»
21.11 / 08:33
markets UPS security Remark country Inside Courts 'Even Ajmal Kasab was given a fair trial': SC remarks in Yasin Malik case
Ajmal Kasab was given a fair trial in our country, the Supreme Court on Thursday remarked and indicated it may set up a courtroom inside Tihar Jail for the trial of Yasin Malik in a kidnapping case. A bench of Justices Abhay S Oka and Augustine George Masih was hearing a CBI plea against the September 20, 2022 order of a Jammu trial court that directed Malik, serving life term in Tihar jail, to be produced before it physically to cross-examine the prosecution witnesses in the kidnapping case of Rubaiya Sayeed, daughter of politician Mufti Mohammad Sayeed. The bench, however, remarked, «How will cross-examination be done online? There is hardly any connectivity in Jammu… In our country, a fair trial was given even to Ajmal Kasab and legal assistance was given to him in the high court.» The bench told Solicitor General Tushar Mehta, representing the CBI, to take instructions on the total number of witnesses in the case.

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