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22.10 / 14:29
markets Provident Digital Platform Trade performer prevention Sebi issues framework on associations b/w mkt intermediaries, unauthorised financial advisors
Sebi on Tuesday came out with a framework on associations between market intermediaries and unauthorised financial advisors, especially with regard to specified digital platforms. This came after Sebi in August amended rules aimed at regulating associations between intermediaries, like stock exchanges, clearing corporations and depositories, and entities providing financial advice or making performance claims. The rule restrains intermediaries, their agents, or associated persons from having direct or indirect ties with any entity that provides investment advice or recommendations without being registered or permitted by Sebi or makes performance or return-related claims unless specifically authorised by the regulator to do so.
22.10 / 14:29
markets UPS Digital President Experts Kumaraswamy: “Nadda, Joshi want Yogeshwar as JDS candidate, but Congress leaders have queued up to welcome him”
BJP leader CP Yogeshwar was welcome to the Congress if he had faith in the party’s ideology, adding fuel to the speculations that the former minister would contest on a Congress ticket from Channapatna, the assembly seat vacated by Union Heavy Industries & Steel Minister HD Kumaraswamy. The CM, replying to queries from the media, said DK Suresh, who lost the recent Lok Sabha polls from Bengaluru Rural, was also a strong contender for the seat. A clear picture will emerge in two days, he added. Suresh, a three-time MP, is the brother of Dy CM DK Shivakumar. Kumaraswamy told media that BJP national president JP Nadda and union minister Pralhad Joshi had requested him to give the JDS ticket to Yogeshwar, but he found Congress leaders queuing up to welcome him. The union minister defeated Yogeshwar in last year’s assembly polls. Yogeshwar’s unexpected resignation as BJP MLC on Monday has raised the temperature in the BJP and JDS camps.
22.10 / 14:29
markets Digital Trade Experts Justice 2020 Courts Ruchir Modi seeks justice over Rs 620 crore dividends in Delhi HC
Ruchir Modi, son of former Indian Premier League chairman Lalit Modi, has filed a plea in the Delhi High Court seeking distribution of the dividends of Rs 620.83 crore, received by the K.K. Modi Family Trust companies since 2020, among the four family branches — Lalit Modi, Bina Modi, Samir Modi and Charu Modi. Justice Subramonium Prasad has given two weeks to Bina and her daughter Charu Modi to respond to the Ruchir's application. The case will be next heard on November 19. Ruchir in his fresh plea has alleged that several trust companies including Godfrey Phillips India (GPIL), IPM India Wholesale Trading and Indofil Industries have announced and distributed dividends the tune of Rs 620.83 crore to the upstream Trust companies since 2020, but he and his family branch had been kept «completely in the dark» and his family branch is entitled to a 25% share.
22.10 / 14:29
markets COST Citi Digital Food Nestle reports FMCG demand sluggish in urban India on account of food inflation, commodity costs: Nestle chairman
Urban India is under some strain as demand continues to be muted amid surging food inflation, packaged foods maker Nestle India’s chairman Suresh Narayanan said at a media briefing on Tuesday at the company’s infant foods plant in Samalkha. He said there are “some pressure points from mega cities and metros" though tier one and below towns and rural markets seem to be reasonably stable. “The FMCG sector is facing sluggish demand with growth declining to 1.5-2 per cent compared to double digit growth a few quarters ago,” Narayanan said. The maker of Maggi noodles, KitKat chocolates and Nescafe coffee, reported a marginal 0.94% year-on-year decline in net profit for the July-September ’24 quarter, down to Rs 899.49 crore, hurt by softer demand and high commodity prices. The India unit of the Swiss foods company had reported net profit of Rs 908.08 crore in the year-ago quarter.
22.10 / 14:29
markets Digital Fighting security Election President US election 2024: Kamala Harris, Joe Biden are facing 'dangerous development' and it's not about Donald Trump
Kamala Harris and Republican candidate Donald Trump are fighting the US election 2024. «We are consulting with our allies and partners on the implications of such a dramatic move,» deputy U.S. Ambassador to the U.N. Robert Wood told the 15-member United Nations Security Council. Russia invaded neighboring Ukraine in February 2022. Ukrainian President Volodymyr Zelenskiy has accused Pyongyang of preparing to send 10,000 soldiers to Russia. Ukraine's U.N. Ambassador Sergiy Kyslytsya told the Security Council on Monday: «These troops are expected to be ready for war against Ukraine by November 1.»
22.10 / 14:29
markets UPS Citi Digital Manufacturing Experts Reliance Infrastructure to set up an integrated project for manufacturing explosives, ammunition, small arms
Reliance Infrastructure on Tuesday said it will set up the largest integrated project for manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra at an investment over Rs 10,000 crore in the project over the next 10 years. Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore over a period of time, it added. «The company has been allotted 1000 acres of Land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest GREENFIELD project in the Defence Sector in India by any private sector company,» the company said in a statement.
22.10 / 14:29
markets UPS Digital Trade Experts reports India's cotton imports to increase by 42% in 2024-25 due to fall in production, says CAI
Cotton Association of India (CAI) has pegged India‘s 2024-25 year-on-year cotton production lower by 7% due to fall in acreage and crop loss due to excess rainfall. The trade body also expects India's cotton imports to jump by 42% and the exports to fall by 37%. The CAI has pegged the all India total cotton pressing for the 2024-25 season at 302 lakh bales of 170 kgs each as against 325 lakh bales produced last year. «There are reports of crop damage due to excessive rainfalls in several cotton growing states. The Ministry of Agriculture has reported acreage under cotton to be lower by 10% than last year,» said CAI in a media release.
22.10 / 14:29
markets UPS IPO Digital Experts reports Zomato takes 8% stake in kitchen appliances startup Byondnxt for Rs 6,000
Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home Pvt Limited, for Rs 6,000, the company said in an exchange filing on Tuesday. “Board of directors of Zomato has considered and approved the subscription of up to 600 equity shares of Byondnxt Smart Home Pvt Limited (“Byondnxt”), for a total purchase consideration of Rs 6,000/ at a price of Rs 10 per share. Byondnxt, a business-to-consumer (B2C) firm which designs and manufactures kitchen appliances was founded by Eshwar Vikas who is also the founder of Mukunda Food Pvt Ltd.
22.10 / 14:29
markets Virus country reports infection strain symptoms Newer mpox strain poses bigger threat to girls, young women and is spreading fast. Check symptoms
mpox strain that has spread from Democratic Republic of Congo to neighboring countries may affect girls and young women, a new study has revealed. Girls and young women may be more susceptible to an infectious subvariant of the virus that causes mpox, reported Bloomberg. Hundreds of children have already died of this deadly strain in eastern Congo. The details of the subvariant of the virus were published in the scientific journal Eurosurveillance, according to which 154 people have tested positive for mpox in Burundi, an area in eastern Congo. Of 154 mpox cases that were reported from July 3 to September 9, the median age was 9.5 years. ALSO READ: New Mpox variant detected in Germany: Health authority
22.10 / 13:41
COST Provident Google CEO community innovations Why Google’s free meal initiative is key to employee engagement, CEO Sundar Pichai explains
CEO of Google highlighted how casual conversations in the company's cafes often led to the exchange of creative ideas. "I can remember many occasions when, over a meal, I would meet someone, and we would start talking, sparking excitement around new concepts," he recalled.
22.10 / 13:41
Research love Universities show social Colleges Relationships You text each other a lot. Is it an emotional affair?
Subscribe to enjoy similar stories. Kelly McMasters didn’t expect a response when she messaged her college boyfriend late one night. They hadn’t talked in years.
22.10 / 13:41
Mobile students Universities country innovations travelers rights The benefits of secondary residency for ultra wealthy individuals
Subscribe to enjoy similar stories. In an era of global mobility and economic uncertainty, the concept of secondary residency has gained significant traction among ultra-high-net-worth individuals (UHNWIs). This strategic move offers a multitude of benefits, ranging from enhanced lifestyle options to significant financial advantages.
22.10 / 13:41
UPS security Mobile President country 2020 India-China ties may see thaw four years after border skirmish froze relations
Subscribe to enjoy similar stories. NEW DELHI—India and China have reached a breakthrough in discussions over their disputed Himalayan border, signaling room for improved ties after a high-altitude skirmish froze relations between the Asian giants. The two countries have arrived at an arrangement to resume patrolling along their de facto border, said India’s Foreign Secretary Vikram Misri on Monday.
22.10 / 13:41
UPS Entertainment Apple Sony boating Amazon Diwali Sale Dhamaka offers: Up to 80% off on soundbars and speakers from JBL, Marshall, Bose and more
₹5000 with discounts of up to 79%! Enjoy high-quality sound at unbeatable prices and transform your entertainment setup without breaking the bank.Also read: Amazon Diwali sale blockbuster deals during Great Indian Festival: Top decor items at 80% offUpgrade your audio experience with premium soundbars under ₹10000, now available at up to 87% off during the Amazon Great Indian Festival Diwali Sale. Enjoy crisp, immersive sound at an affordable price and elevate your home entertainment system to a whole new level this festive season.Also read: Do NOT miss out on the Amazon Great Indian Festival Diwali Special Offers on car and bike accessories and save up to 75%This Diwali, experience top-tier sound quality with soundbars under ₹20000, now at up to 74% off in the Amazon Great Indian Festival Sale.
22.10 / 13:41
markets Waves security Enterprise Southern trends orienteering Is Ambuja overpaying for Orient Cement?
Subscribe to enjoy similar stories. Ambuja Cements' acquisition of a 46.8% stake in Orient Cement for ₹395.4 per share has sparked debate about whether the company is paying a premium in a competitive market. As consolidation gains pace across the cement sector, Ambuja is expanding capacity despite lofty valuations and soft earnings weighing on the industry’s short-term outlook.
22.10 / 13:41
UPS Manufacturing economy Enterprise Healthcare country social Kerala’s 500 days challenge: Can ‘God’s own country’ become a Gujarat?
Subscribe to enjoy similar stories. Thiruvananthapuram/Chennai: After decades of planning and years of delay, the Vizhinjam International Transhipment Deepwater Multipurpose Seaport, India’s deepest natural port and its only container transshipment hub, located 25 kilometres from Kerala’s capital Thiruvananthapuram, is ready for operation. Developed by Adani Ports and Logistics, the port’s trial run began in July this year.
22.10 / 13:27
FIVE CEO Parke WhatsApp Experts Department rights Karnataka to formulate policy to increase investment in the green energy
green energy sector. The state’s Industries Minister, MB Patil, announced the need for a policy to effectively capitalize on investment and production opportunities on Tuesday. With an estimated requirement of Rs 45-50 crore in capital and five gigawatts of power, the state aims to boost such projects. “As per experts, a location within a 20 km radius of Mangaluru port would be ideal for green ammonia and green hydrogen production,” Patil said while interacting with the state's Vision Group for Green Energy. He emphasized that achieving the state's renewableenergy goals will require close coordination between the Department of Large-Scale Industries and the Department of Power. A second meeting will be held with industrialists and potential investors to discuss the way forward. Patil also noted that there are suggestions to establish green industrial parks to attract more investments into the sector. Renewable energy company-- Avaada Energy’s CEO, Krishna Nair, who was present for the meeting, said the company has signed an MoU with Karnataka worth Rs 45,000 crore for green hydrogen production. «We can focus on electrolyte and battery production if the government introduces the right policies and incentives.»
22.10 / 13:27
markets Digital Action Department prevention Courts Stubble burning incidents: Haryana suspends 24 agriculture dept officials
Haryana's Agriculture and Farmers' Welfare Department has suspended 24 officials over alleged failure to take adequate steps to prevent stubble burning incidents in their respective areas. An order in this regard was issued on October 20. While the order mentioned that the officials are suspended on administrative grounds, a senior officer of the department on Tuesday said the action has been taken because of the alleged failure of these officials to prevent stubble burning incidents. He said that more stubble burning cases were found in their areas.
22.10 / 13:27
markets Digital film PAM social stars reports Are they seriously dating? Angelina Jolie and Akala spend two nights together in London hotel
Angelina Jolie and British rapper Akala are allegedly getting closer. Angelina Jolie, 49, and her alleged boyfriend Akala, 40, spend two nights together in her London hotel. According to a report by Page Six, the 49-year-old ‘Maleficent’ star secretly brought the 40-year-old musician to her hotel suite at The Corinthia in London last week. Akala joined the actress two hours after her arrival. The pair spent Wednesday and Thursday nights together inside the hotel and did not leave.
22.10 / 13:27
markets Provident Digital Aviat Airlines information Lessor Accipiter files contempt plea against Go First for failing to provide aircraft documents
Go First's lessor Accipiter Investments Aircraft 2 on Tuesday moved a contempt plea in the Delhi High Court against the airline for failing to share all the documents related to its leased aircraft. These documents included technical records, aircraft status documents, and records required to ascertain the airworthiness of the aircraft. While noting down the airline’s resolution professional’s (RP) stand that he had shared all the records, the HC further directed him to supply by November 30 all the documents to Accipiter and also file a compliance report in this regard. The case will be next heard in January.

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