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Bihar's Saran district, police officials reported on Monday. The flag, instead of displaying the Ashoka Chakra, had a crescent moon and star symbol. According to a statement issued by Saran police, «A video went viral on social media showing a tricolour with a crescent moon and star symbol at its centre in place of the Ashoka Chakra, hoisted at a vehicle during Milad-un-Nabi procession.» The incident occurred in Kopa bazar area on Monday. The police have initiated an investigation for a potential violation of the Flag Code of India.

Tata Steel on Monday said Odisha would emerge as the company's single-largest investment destination after the phase-II expansion of its Kalinganagar plant from 3 million tonnes per annum to 8 mtpa. The steel major has invested Rs 27,000 in phase-II of the Kalinganagar plant expansion, and the company is on the verge of commissioning its expanded capacity at the unit, it said in a release. The ongoing expansion in Kalinganagar will play an important role in Tata Steel's ambition to achieve its target of 40 mtpa capacity in India by 2030, the company said. «The phase-II expansion of Tata Steel's Kalinganagar plant in Jajpur district of Odisha… will also catapult the eastern state to an enviable position of becoming the single-largest investment destination for the country's oldest steel maker,» the release said.

B2B e-commerce platform Bizongo split its raw material marketplace BizongoBuy and embedded supply chain finance platform Biognosis into new and larger businesses, each to be led by a new chief executive officer. The group--backed by Accel and IFC—also appointed a chief technology and product officer, and chief financial officer, strengthening its senior leadership. Former banker Kiran Dev has been named CEO to lead BizongoFin, the fintech arm specialising in embedded supply chain financing solutions to address the more than $300 billion unmet SME credit needs. With over 19 years of experience, including leadership roles at Disprz and Standard Chartered Bank, she will play a critical role in delivering flow-based embedded financing to SMEs.

Haryana to be number one once again," Congress veteran Bhupinder Singh Hooda declared from the dais while addressing a poll rally in his home constituency Garhi Sampla-Kiloi here a few days ago. The former Haryana chief minister, who turned 77 on Sunday, has remained a four-time MP from Rohtak and defeated former deputy prime minister Devi Lal from the parliamentary seat in the 1990s. Although the Congress has made it clear that its MLAs and the high command will pick the chief minister if the party wins the elections, Jat stalwart Hooda is virtually the face of the Congress for the upcoming Assembly polls. The Congress is contesting 89 seats — except Bhiwani which it has left for the CPI(M) — and the majority of these have gone to Hooda loyalists or those considered close to him. Besides, the party has re-fielded all 28 sitting MLAs, most of whom owe allegiance to Hooda.

A lot has been discussed about active versus passive mutual funds, and how to choose between their categories. With many active funds, especially large-cap ones, struggling to consistently outperform their benchmarks, investors are increasingly turning their attention to passive funds.

Subscribe to enjoy similar stories. SAIC Motor's India joint venture JSW MG Motor India on Monday said it will launch a new sales channel brand, ‘MG Select’ which will bring hybrid, plug-in hybrid vehicles and electric vehicles (EVs), picked from SAIC's global new energy vehicle (NEV) portfolio to Indian consumers under an accessible luxury banner. The new sales channel, akin to a Nexa from Maruti Suzuki, but more high-end, will cater to a growing base of premium car buyers, particularly those over 30 years of age, looking for cars priced above ₹30-40 lakh.

Wipro, one of India's leading IT companies, has implemented a new work-from-office policy that directly links employees' leave with their office attendance. The company has mandated that employees must attend the office at least three days a week, failing which they risk losing their leave for the days missed.

Adani Group on Monday clarified in a press release that the company or its subsidiaries had not issued any statement regarding Kenya. It said that multiple fraudulent press releases were circulating, including one titled 'Adani Group Denounces Baseless Accusations and Threats', regarding the Group's presence in the African country. The Group said that this was deceitful and urged everyone to «disregard these fake fraudulent releases completely». The release added that it would take legal action against anyone involved in spreading false narratives.

Reliance Power today surged 5% to hit its upper circuit at Rs 31.32 on BSE after the company announced that it has secured a battery storage contract of 500 MW through the e-reverse auction (eRA) conducted by the Solar Energy Corporation of India (SECI). The contract involves the installation of a total of 1,000 MW of standalone BESS units, awarded on a build-own-operate (BOO) model for «On Demand» usage under a tariff-based competitive bidding process.

Indian Oil Corporation Ltd. slipped 0.49 per cent to Rs 172.3 in Monday's trade as of 01:18PM (IST). The stock hit a high price of Rs 174.1 and low of Rs 171.55 during the session. The return on equity (ROE) for the stock stood at 22.75 per cent. Traded volume on the counter stood at 01:18PM shares and turnover at Rs 3.88 crore around that time. The stock of Indian Oil Corporation Ltd. quoted a 52-week high price of Rs 196.8 and 52-week low prices of Rs 85.51, respectively.

Renewable Energy Investor’s Meet and Expo (RE-INVEST) at Mahatma Mandir here in Gandhinagar. “Aspirations of India is the reason behind the reelection of the government for the third term”, Modi said adding that the poor, dalits and the deprived believe that the government's third term will become a guarantee for a dignified life. Noting that today’s event is not an isolated one but a part of the bigger vision, mission and action plan to make India a developed nation by 2047, Modi underlined the decisions taken by the government in the first 100 days in office.

However, Australia’s recent “right to disconnect” policy now offers a concrete legal cover to employees: after work hours, they can refuse any demand related to work from their boss. While the benefits and challenges of this policy are still being speculated, it is a great step to increase employee retention. Given the rising cases of work-related burnouts in India, it’s important to understand the potential benefits and challenges associated with this policy in the Indian context. Benefits for organisations

Adani Group on Monday said it has pledged Rs 4,05,800 crore investment in renewable energy projects like solar, wind and Green Hydrogen at the 4th Global Renewable Energy Investors Meet & Expo (RE-INVEST) 2024. According to the Shapat Patras (pledges) submitted at RE-INVEST to the Ministry of New & Renewable Energy, the group firms — Adani Green Energy Ltd (AGEL) and Adani New Industries Ltd (ANIL), have made investment commitments in renewable projects by 2030. Adani Green Energy, India's largest renewable energy company, has committed 50 GW RE capacity by 2030 (currently at 11.2 GW operational capacity).

Fabtech Technologies, a turnkey engineering solutions provider for the pharmaceuticals, biotech and healthcare industry has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of up to 1.20 crore equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion.

Indian Navy has started rapid preparations to deploy Humanitarian Assistance and Disaster Relief (HADR) operations in response to the devastating flash floods in Myanmar, in response to Typhoon Yagi. The typhoon, which has originated from the South China Sea, is being recognised as the most powerful storm in Asia this year. The Eastern Naval Command, in coordination with the Eastern Fleet, Base Victualling Yard (BVY), Material Organisation, and INHS Kalyani, has completed the overnight loading of essential relief supplies onto naval ships set to depart from Visakhapatnam.

SOM Distilleries and Breweries has introduced a twist cap beer with its 'Woodpecker premium Beer'. Woodpecker Premium Beer claims it to be a first in India which will feature a never seen twist-style cap. Woodpecker Premium Beer is also making its debut in Karnataka—one of SDBL’s fastest-growing and most promising markets. The Woodpecker Premium Beer range includes two standout variants: Woodpecker Glide, a premium mild beer, and Woodpecker Crest, a strong, bold beer—catering to the diverse tastes of Karnataka’s beer enthusiasts. Crafted with imported two-row barley & Indian malts and hops sourced from the Rainier region of Germany, the beer stands out as India’s first to incorporate a blend of two malts, setting a new benchmark as India’s first cross-malt beer. Woodpecker beer undergoes a brewing process of 30 days, with only one batch brewed per month to ensure unmatched consistency and flavor. The company says that Woodpecker Glide stands out as a 100% natural brew, free from adjuncts like rice and sugar, embodying purity and taste.

«What I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out?,» says Sachin Jain, Regional CEO India, World Gold Council Gold prices have hit a record high of $2,570 per ounce. Do you expect this upward trend in gold prices to continue? What is your internal estimate? Where do you see the prices to be going forward because foreign brokerages are expecting gold prices to touch around $2,700 levels. Sachin Jain: So, I will not be able to comment on the recommendations or the target given by Goldman Sachs or any other company. But what I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out? First of them is the central bank's buying, that is an important consideration. Second is the consumption demand in jewellery. The third is how the financial markets normally react. And the fourth is normally the new age requirements of gold, which are mostly around to do with new age technology and so on and so forth.

Vande Metro, now renamed as Namo Bharat Rapid Rail service, between Bhuj and Ahmedabad. According to Western Railway officials, the Ahmedabad-Bhuj Vande Metro service will stop at nine stations and cover the 360-kilometre distance in 5 hours and 45 minutes at a top speed of 110 kilometres per hour. It will depart from Bhuj at 5:05 am and reach Ahmedabad Junction at 10:50 am, the officials had said. For passengers, its regular service will start from September 17 from Ahmedabad and the total journey will cost Rs 455.

Indian stock markets, including equity, derivatives, and SLB segments, remain open today for trading on Eid-e-Milad-un-Nabi. It is however a settlement holiday and as such no settlements happen today, said Nithin Kamath, founder of online brokerage platform Zerodha in his post on the social media platform X. “Today is a settlement holiday, and thus, settlements of funds and stocks don't happen. This happens when banks in Maharashtra are closed, but trading on exchanges is open,” said Kamath in the post.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. 0.0 per cent to Rs 5495.3 at 01:08PM (IST) in Monday's trade. The stock hit a high of Rs 5518.8 and low of Rs 5474.55 so far during the session. The stock had closed at Rs 5495.65 in the previous session. The counter had a total traded volume of 01:08PM shares so far with a turnover of Rs 1.79 crore on BSE. The stock traded at a price-to-earnings multiple of 87.01 and a price-to-book ratio of 6.71.

Subscribe to enjoy similar stories. When the late George Fernandes, the industries minister in the short-lived Janata Party government of 1977, issued a diktat to multinational corporations Coca-Cola, IBM and AstraZeneca to dilute their stake in their wholly owned subsidiaries to 40% in favour of Indian shareholders, Coca-Cola and IBM chose to exit India. Later, during P V Narasimha Rao's pro-liberalisation government in 1993, Coca-Cola returned.