City Sanjiv Financial News

Paytm jumped over 3% to the day's high of Rs 798 on the NSE in Saturday's trading session after the company reported a jump in its December quarter revenue while narrowing its losses. With today's gains, the stock has remained unbeaten in three sessions and gained over 8%. The digital payments major narrowed its losses to Rs 220 crore for the quarter ended December 2023, compared to Rs 290 crore in the September quarter and Rs 392 crore in the year-ago quarter. Revenue from operations in the third quarter jumped 38% to Rs 2,850 crore as against Rs 2,062 crore in the corresponding quarter of the previous year. Read more | Paytm Q3 Results: Losses narrow to Rs 220 crore; revenue jumps 38% YoY Reacting to Paytm's quarterly show, analyst Sanjiv Bhasin said that he has been recommending the stock at levels of Rs 600, 620 and the stock has now surpassed Rs 780.

Supreme Court stayed the Allahabad High Court order for the appointment of a Commission for the Shahi Eidgah Mosque in Krishna Janmabhoomi dispute, Mehmood Pracha, Advocate representing the committee for Shahi Eidgah said that the apex court made some very strong remarks about the petition application. «Supreme Court today stayed the order of Allahabad High Court ordering a commission based on an application which was moved by the petitioners in this case. What is more important than staying the order is that the court made some very strong remarks about the petition application moved before the Allahabad High Court,» he told ANI. «The apex court stayed the Allahabad HC's order till the next date of hearing, saying that the petitioner is himself not clear as to what he wants in the commission.

On Thursday, realty stocks jumped up to 19% with Sobha taking the lead. The soared jumped on a favourable view by Motilal Oswal which has picked the counter as its top bet for CY2024. Others including Godrej Properties, Lodha, DLF, and Swan Energy traded up between 9% and 2% around 12:15 pm. Also Read: Sobha shares jump over 19%, hit 52-week high. Here's why https://economictimes.indiatimes.com/markets/stocks/news/sobha-shares-jump-over-19-hit-52-week-high-heres-why/articleshow/106536137.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Nifty Realty index was the top performing index on the day with all the stocks trading in the green.

Gurpatwant Singh Pannun, a Khalistani terrorist. As reported by ANI, the petition sought consular access, legal aid, and updates on the ongoing extradition proceedings in the Czech Republic. A bench of Justices Sanjiv Khanna and Dipankar Datta said it's a “sensitive" matter and it is for the Central government to take a call if it wants to intervene on the issue.

Business Standard. The billionaire promoters in 2023 swelled to a record high of 152 in 2023 as against 126 in 2022. In addition to this, a 16% uptick was also recorded in their combined net worth in 2023 at $858.3 billion.

NEW DELHI: India’s government-backed quasi-sovereign wealth fund for infrastructure investments is now ready to welcome its new honcho. Sanjiv Aggarwal, who oversees global private equity firm Actis’s energy investments in Asia, is set to take over as the chief executive of National Investment & Infrastructure Fund (NIIF), two people aware of the matter said on condition of anonymity. “Sanjiv has been selected to head NIIF.

Supreme Court asked the petitioners to approach the court in the Czech Republic. "You have to go before the court which is outside India. Go over there.

Mahua Moitra against her expulsion from Lok Sabha in a cash-for-query case. A bench of Justices Sanjiv Khanna and SVN Bhatti deferred the hearing, saying it had not gone through the case files. "I got the file in the morning; I did not have time to scan it.

Live Law report, a habeas corpus petition was filed in the top court on behalf of Gupta, requesting the Indian government to intervene and free him from custody. The bench headed by Justices Sanjiv Khanna and SV Bhatti were hearing the petition. During the hearing, the Justices gave a prima facie opinion, stating that the petitioners would need to go through the Czech Republic court where Gupta is being held.

Supreme Court on Friday granted bail to Pernod Ricard India regional head Benoy Babu who was arrested by the Enforcement Directorate (ED) in November last year on charges of money laundering in a case arising out of the Delhi excise policy case. Observing that it is «not proper» to keep people in pre-trial detention for «so long», a division bench headed by Justice Sanjiv Khanna granted bail to Babu. The bench also observed that there seem to be «contradictions» between the accusations levelled by the CBI and ED. The bench further noted that Babu has undergone 13 months of incarceration and the trial in the said case is yet to commence.

Also Read: Chanda Kochhar, husband bought ₹5.3 crore flat for merely ₹11 lakh: CBI tells court The CBI's action came in response to the Supreme Court's question as to why the agency was not objecting to the continuation of interim bail granted by the high court to Kochhar in January this year in the ICICI Bank-Videocon loan fraud case. Moreover, the apex court declined to entertain the plea of the former ICICI Bank Managing Director and CEO, Chanda Kochhar, seeking retirement benefits from the bank. Also Read: ICICI Bank loan fraud: CBI files charge sheet against Chanda Kochhar, husband Deepak Kochhar and Venugopal Dhoot The bench comprising of Justice Bela M Trivedi and Satish Chandra Sharma was hearing the special leave petition of CBI against an order passed by the Bombay HC.

Live Law has reported. During the announcing the bail, Justice Sanjiv Khanna said, “You can't keep people behind bars before trial for long.

Mehul Choksi and his wife, the Supreme Court has restored a cheating case lodged by the Gujarat Police, while setting aside a 2017 order of the state high court quashing the FIR against them. Mehul Choksi, along with his nephew Nirav Modi, is also an accused in the Punjab National Bank (PNB) scam case in which they allegedly defrauded the bank of over Rs 14,000 crore.

Supreme Court said on Wednesday it was looking to put in place an administrative machinery to deal with hate speeches across the country while making it clear that it cannot handle each and every such matter as it will lead to a virtual flood of cases. A bench of Justices Sanjiv Khanna and SVN Bhatti said the apex court has already defined hate speech and the question now is of implementation of its directions. «We can't deal with individual aspects. If we start dealing with individual cases, it will lead to flooding of cases.

TCS: The ₹17,000 crore-share buyback programme of India’s top software services exporter Tata Consultancy Services (TCS) will open on 1 December. The buyback, where investors can sell to the company their shares at an offer price of ₹4,150 apiece, will close on 7 December, TCS said in a regulatory filing on Tuesday. The IT bellwether aims to repurchase up to 40.9 million shares (1.12% of the total equity share capital) at ₹4,150 apiece in a buyback valued at ₹17,000 crore.

₹3,800 crore, beating the likes of Dorf-Ketal and Tata Chemicals to win the bid. The acquisition will give PCBL, among the largest manufacturers of carbon black material in India, a crucial foothold in the specialty segments of water treatment chemicals and oil and gas chemicals. PCBL (formerly known as Phillips Carbon Black Limited) expects to finance the deal through a mix of internal accruals and external fundraising, the company told stock exchanges after the share purchase agreement was signed on 28 November.

₹79.10 apiece on Tuesday’s trading session. Spencer stock opened at ₹74.60 on November 28, against previous close at ₹73.80 per share. At 10:30 am, the stock for Spencer's Retail was trading at ₹77.40.

Finance Minister Nirmala Sitharaman has asked ITC chairman Sanjiv Puri to draft a team from his company to Karnataka and facilitate procuring Sri Anna millets from drought-hit farmers. Her intervention with ITC followed a meeting Revenue Minister Krishna Byre Gowda and Agriculture Minister N Cheluvarayaswamy had with her in Delhi on Thursday. She has asked Puri to also consider other measures that can help the state's farmers, the FM said in a post on social media platform X. Sitharaman added that she had explained the initiatives the Centre was taking on the subject during her discussion with the ministers. Karnataka has declared 224 out of its 236 taluks as drought hit. Commenting on Sitharaman speaking to the ITC Chairman, Gowda told ET that the government procurement was the only way to protect and encourage farmers for major millets like ragi, jowar and bajra (pearl millet).

Supreme Court on Thursday adjourned by eight weeks the hearing on pleas seeking reconsideration of its July 27, 2022 verdict, which had upheld the Enforcement Directorate's (ED) powers to arrest and attach property under the PMLA. A three-judge bench headed by Justice Sanjay Kishan Kaul deferred the hearing, which continued since Wednesday, after Solicitor General Tushar Mehta, appearing for the Centre, sought time to address the arguments raised by the petitioners in detail.

The head of project development at Hancock Prospecting has taken aim at “onerous and overreaching” conditions imposed on a delayed West Australian mine, and claims the state’s environmental agency wrongly double-counted emissions from a planned iron ore project.

Samvat 2080. The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said India is expected to see “the best structural growth prospects in the region” with mid-teens earnings growth over the next two years. The market’s strategic appeal, particularly given its largely domestically driven growth, offers investors a wide array of alpha-generating themes, including make-in-India, largecap compounders and midcap multibaggers, Goldman said. Here’s what Dalal Street’s top 5 market moguls say on money-making opportunities in Samvat 2080: Sunil Singhania We think there is still merit, particularly in some of the larger second-tier banks. We are seeing performances on the fundamental side in terms of their NII, operating profit, and PAT growth. Their ROEs are now comparable to some of the larger banks and the asset quality is spic and span.