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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
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30.10 / 05:15
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Diwali 2024 Puja Timings in the US: Here’s the Shubh Muhurat for Deepavali across different US Time Zones
Diwali 2024, an auspicious celebration for Hindus worldwide, will be observed with great enthusiasm both in India and in communities around the globe, including the United States. This festival of lights will be marked by gatherings in community centers, temples, and homes, where families and friends come together to celebrate with traditional sweets, music, and cultural performances. Observed on the 15th day of the month of Kartik in the Hindu lunisolar calendar, Diwali typically falls in October or November. This year, Diwali will be celebrated on Thursday, October 31, 2024. This day commemorates the return of Lord Rama and Mata Sita to Ayodhya after vanquishing the demon king Ravana, symbolizing the triumph of good over evil and marking the end of their 14-year exile.
30.10 / 05:15
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Adani Power shares 0.56% as Sensex falls
Adani Power Ltd. traded 0.56 per cent at Rs 595.15 at 10:30AM (IST) on Wednesday, even as BSE benchmark Sensex 244.17 points to 80124.86. The stock had closed at Rs 591.80 in the previous session. The stock quoted a 52-week high price of Rs 896.75 and 52-week low of Rs 345.20, respectively. As per BSE data, total traded volume on the counter till 10:30AM (IST) stood at 64300 shares with a turnover of Rs 3.81 crore.
30.10 / 05:15
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China's second-generation factory owners go digital to combat challenges
China as she gestured excitedly while an assistant filmed her on a smartphone. The 29-year-old is one of many second-generation factory owners fighting to elevate the country's manufacturing sector, pitting digital native skillsets against the rising costs and geopolitical tensions pushing clients abroad. Qiu said she grew up with «the noise of machines running day and night», but working in manufacturing was not always her first choice.
30.10 / 05:15
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Share price of Cummins India as Sensex drops 224.29 points
Cummins India Ltd. 1.29 per cent to Rs 3517.60 at 10:35AM (IST) in Wednesday's trade. The stock hit a high of Rs 3524.95 and low of Rs 3454.20 so far during the session. The stock had closed at Rs 3472.60 in the previous session. The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 0.97 crore on BSE. The stock traded at a price-to-earnings multiple of 53.27 and a price-to-book ratio of 12.61.
30.10 / 05:15
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EU to invest $1.5 billion in region's deep tech sector
The funding will come from the European Innovation Council (EIC), which is part of the EU's research and innovation programme, and it represents an increase of nearly 200 million euros in terms of investment compared to 2024. European politicians have targeted tech and the fast-growing artificial intelligence (AI) sector as one of their key priorities in terms of boosting the region's sluggish economy.
30.10 / 05:15
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First time in history of New York City, schools will be closed on Diwali: US official
New York City schools will close on November 1 to observe the Hindu festival, Diwali. This marks the first time the city's schools have recognised the holiday. «This year Diwali is special. For the first time in the history of New York City, schools will be closed on Friday, November 1 for the festival of Diwali,» Dilip Chauhan, Deputy Commissioner of the Mayor's Office for International Affairs, said. «It's not easy in New York City, where 1.1 million students are studying in the school, to declare the school a public holiday,» said Chauhan. «So many community leaders--they started this movement many years ago--community advocates, elected officials. But finally, under the administration of New York City Mayor Eric Adams, they have declared, The administration has declared, November 1st, Friday is a school holiday.»
30.10 / 05:15
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Stock market update: Fertilisers stocks up as market falls
Khaitan Chemicals & Fertilizers Ltd.(up 4.53%), National Fertilizers Ltd.(up 4.37%), Chambal Fertilisers & Chemicals Ltd.(up 4.22%), Madras Fertilizers Ltd.(up 4.02%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.74%), The Fertilisers and Chemicals Travancore Ltd.(up 3.57%), Paradeep Phosphates Ltd.(up 3.52%), Rashtriya Chemicals & Fertilizers Ltd.(up 3.26%), Gujarat State Fertilizer & Chemicals Ltd.(up 2.85%) and Rama Phosphates Ltd.(up 2.84%) were among the top gainers.
30.10 / 05:15
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Shriram Properties shares zoom 7% on signing agreement for 6-acre land in Pune
real estate developers Shriram Properties today zoomed 6.8% to their intraday high of Rs 111.4 on the BSE after signing a joint development agreement for a 6-acres prime land in Pune. “Shriram Properties Limited (“SPL”), one of the leading residential real estate developers in South India, has signed a Joint Development Agreement for a 6-acres prime land, nestled in the upcoming micro markets of Undri in Pune,” said the company in a filing to the exchanges.
30.10 / 05:15
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Overseas Friends of India Canada slams Opposition leader Pierre Poilievre for cancelling Diwali celebrations; demands apology
Indo-Canadians and Ottawa, this time involving not Prime Minister Justin Trudeau but the Leader of the Opposition, Pierre Poilievre. The office of Canada’s opposition leader has cancelled a Diwali celebration event scheduled to take place at Parliament Hill amid the ongoing diplomatic standoff with India without 'giving any explanation whatsoever', as claimed by the Overseas Friends of India Canada (OFIC). This comes following an going standoff between Ottawa and New Delhi. Canada in mid-October expelled Indian diplomats, linking them to the 2023 murder of Sikh separatist leader Hardeep Singh Nijjar on Canadian soil, post which India also ordered the expulsion of Canadian diplomats.
30.10 / 05:13
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Sean ‘Diddy’ Combs accused of sexually assaulting 10- and 17-year-old boys
Sean “Diddy” Combs is accused in one of two lawsuits filed Monday of drugging and sexually assaulting a 10-year-old boy in a New York City hotel room in 2005.The second lawsuit accuses the jailed hip-hop mogul of similarly assaulting a 17-year-old would-be contestant on the reality television series Making the Band in 2008.The lawsuits filed in state Supreme Court in New York are the latest in a wave of lawsuits in which accusers allege they were sexually assaulted by Combs at parties and meetings over the last two decades.Combs’ lawyers denied the two new claims Monday and accused the plaintiffs’ lawyer, Anthony Buzbee, who also represents accusers in earlier lawsuits, of seeking publicity.“Mr. Combs and his legal team have full confidence in the facts and the integrity of the judicial process,” an emailed statement said.
30.10 / 05:13
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Nova Scotia lifts stop-work order at Halifax Walmart where teen’s body found in oven
Halifax Walmart store where a 19-year-old employee was found dead in a walk-in oven more than a week ago.The order, which covered the bakery area of the Mumford Road Walmart and “a piece of equipment,” ended Monday evening.“The stop work order was lifted when compliance was confirmed, allowing bakery operations to safely resume should Walmart decide to do so,” the province’s Department of Labour, Skills and Immigration said in a statement Tuesday.A spokesperson with Walmart told Global News, however, the store remains closed until further notice. Employees who were scheduled for shifts will be paid, and “alternate work arrangements” will be considered if the closure extends for a “longer-than-anticipated period of time.”The store has been closed since Oct.
30.10 / 05:13
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Photographer killed after backing into moving airplane propeller in Kansas
died after she backed into a plane’s spinning propeller in Kansas, officials have confirmed.Amanda Gallagher was photographing groups of skydivers on Saturday afternoon at Air Capital Drop Zone, near Wichita, when the tragic accident occurred.According to the skydiving business, she had travelled up in the air to take pictures of a group and road the plane back down after all the skydivers had made their jumps.Back on the ground, she got out of the Cessna 182 and moved around to a dangerous area of the plane, while it was still running.“For unknown reasons … she moved in front of the wing, a violation of basic safety procedures,” Air Capital Drop Zone said in a statement to ABC News.
30.10 / 05:07
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Fiscal alert: Some states have begun to slip off their correction paths
Subscribe to enjoy similar stories. A synchronous improvement in the fiscal health of the Centre and states in the aftermath of the covid pandemic appears to have given way to divergence already. Staring at sizeable fiscal deficits, all had embarked on strict regimens to cut the flab from their budgets.
30.10 / 04:59
30.10 / 04:17
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Intel set for big drop in quarterly revenue as chipmaker struggles to bounce back
Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger's attempts to salvage the company's lost market lead as losses mount at its contract manufacturing business, while Intel fails to capitalize on the generative AI-driven chip boom, after a series of missteps including passing on an investment in OpenAI. With Wall Street expecting Intel to report an 8% decline in revenue to $13.02 billion, according to data from LSEG compiled as of October 26, investors want Gelsinger to provide clarity on his plans to get the company's latest manufacturing technology up and running.
30.10 / 04:17
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Prestige Estates stock in focus after Q2 net profit plunges 77.4% YoY
Prestige Estates Projects shares will be in focus after the firm reported a steep 77.4% year-on-year (YoY) decline in net profit to Rs 192.2 crore for the second quarter, driven primarily by a Rs 106 crore deferred tax impact linked to recent changes in the tax code, including the removal of indexation benefits on capital gains. The company’s revenue, however, edged up by 3% to Rs 2,304.4 crore from Rs 2,236.4 crore in the same quarter last year, highlighting consistent top-line growth despite broader headwinds.
30.10 / 04:17
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Diwali date confusion: October 31 or November 1? Check date, Shubh Muhurat, Deepawali Puja Time, and everything you need know
While each day of Diwali has its distinct rituals, the new moon day dedicated to Goddess Lakshmi, known as Lakshmi Puja, is central to the festivities. This day is especially significant for families and businesses, marked by Lakshmi-Ganesh Puja, where devotees seek blessings for prosperity and happiness.
30.10 / 04:17
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Buy Sun Pharma, target price Rs 2,280: Motilal Oswal Financial Services
buy call on Sun Pharma with a target price of Rs 2,280. The current market price of Sun Pharma is Rs 1869.85 .Sun Pharmaceutical Industries, incorporated in 1993, is a Large Cap company with a market cap of Rs 450271.20 crore, operating in pharmaceuticals sector. Sun Pharmaceutical Industries' key products/revenue segments include pharmaceuticals and other operating revenue for the year ending 31-Mar-2024.
30.10 / 04:17
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US economy seen shining on election eve amid robust consumer spending
The Commerce Department's advance estimate of third-quarter gross domestic product on Wednesday will be published less than a week before Americans head to the polls on Nov. 5 to choose between Vice President Kamala Harris, the Democratic Party candidate, and former President Donald Trump. Polls show the race is a toss-up. Americans, who list the economy as a top election issue, have chafed at high food and housing costs, even as the economy has defied forecasts of a recession and continues to outperform its global peers.
30.10 / 04:17
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India-China disengagement at LAC: Was US involved in resolution talks?
Line of Actual Control (LAC), the US State Department welcomed the 'reduction in tensions' at the border, ANI reported early Wednesday. Matthew Miller, spokesperson of the US State Department, said that Washington is 'closely monitoring the situation and has held discussions with the Indian side on the matter. However, he clarified that the US has not played any role in the India-China resolution.
30.10 / 04:17
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Hot stocks: Brokerage view on Marico, Maruti, CONCOR and Cipla
Marico, while JP Morgan has retained its neutral view on CONCOR. Meanwhile, UBS has buy ratings on both Maruti and Cipla. We have collated a list of recommendations from top brokerage firms from ET Now and other sources:
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