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Muthoot Finance, submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

Courts have to take a participatory role in a trial and not act as «mere tape recorders», the Supreme Court said here and lamented that there is «practically no effective and meaningful cross-examination» by public prosecutors of any hostile witness during hearings of criminal appeals. The apex court said a judge has to monitor the proceedings in aid of justice and, even if the prosecutor is remiss or lethargic in some ways, the court should control the proceedings effectively so that the truth is arrived at. Observing that relations between the public prosecution service and the judiciary are the very cornerstone of the criminal justice system, a bench headed by Chief Justice D Y Chandrachud said time and again, the top court has said that there should not be any element of political consideration in matters like appointment to post of public prosecutor etc. The observations by the bench, also comprising Justices J B Pardiwala and Manoj Misra, came in a judgement while upholding the conviction and life sentence awarded to a man for murdering his wife in 1995.

Mahindra & Mahindra and Tata Motors have received a record number of patent approvals for a wide spectrum of product and process innovations in the last financial year. Mahindra & Mahindra (M&M) received 674 approvals, its best-ever annual performance, while Tata Motors also witnessed the grant of 333 patents during the 2023-24 financial year. M&M said it has received a record 674 patents in 2023-24, with the majority coming in from the Indian Patent office. «We understand the importance of being future-ready; therefore, we have made significant R&D investments to ensure that we stay ahead of the curve in terms of technology and talent,» M&M ED & CEO (Auto & Farm Sectors) Rajesh Jejurikar said.

Nifty ended last week marginally higher as earnings, Fed meeting and election-related speculations kept investors busy. While most sectors are contributing positively except for IT, banking performance is likely to heavily influence market sentiment, analysts say.

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses. The firm’s hoard increased to $189 billion at the end of the first quarter, topping the record it set at year-end. The company also reported first-quarter operating earnings of $11.2 billion, versus $8.07 billion for the same period a year earlier.

business partner Charlie Munger at Berkshire Hathaway's annual meeting on Saturday, while reassuring shareholders that the executives expected to succeed him were ready for the job. Buffett, legendary for his investing acumen, also praised Apple after unexpectedly revealing that Berkshire had reduced its stake in the iPhone maker. He said the company was «an even better business» than two of Berkshire's oldest investments, American Express and Coca-Cola

Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance sheet runoff: 5 key highlights Despite this, the Nifty 50 managed to reach a new record high of 22,794.70 before settling at 22,475.80. Sector-wise, financials, auto, and energy saw gains, but broader indices closed with slight losses, taking a pause after recent gains. The key benchmark indices maintained a flat trajectory on all days, marking the fourth consecutive week of little movement.

Mercedes-Benz, BMW and Audi are set to launch several new sport-utility vehicle models over the next three months, hoping to further deepen their foothold in this growing segment fuelled by evolving lifestyle trends and changing preferences of India’s affluent buyers. Such premium vehicles priced at more than Rs 50 lakh currently make up as much as 60% of sales at these companies, attracting a broader set of buyers including families and adventure enthusiasts, according to data collated by Jato Dynamics. Versatility and imposing road presence of SUVs over luxury sedans is finding increasing favour among Indian buyers. Mercedes-Benz with the largest portfolio of a dozen SUVs, grew sales by 41% in Q1 2024 «buoyed primarily by record sales of GLA, GLC, GLE and GLS SUVs in the first quarter of 2024 and we expect this demand to remain strong in coming months,» said Santosh Iyer, MD, Mercedes-Benz India.

Vanuatu. Let’s be honest and there’s no shame here: you did not even know that this was a country. It’s a string of islands east of the northern part of Australia in the Pacific and its last recorded population was 3.27 lakh people. Of these about 50% are ruled out from this story by virtue of being male. Of the 1.6 lakh remaining, you can leave out another half on the basis that they would be either too young or old to make a cricket team. And so, from a potential pool of 80,000 (a generous estimate because not everyone is interested in one sport), emerges a team that was in contention for a berth in a World Cup comprising 10 teams from across the globe.

₹1,156 crore worth of Indian equities and the total outflow stands at ₹771 crore as of May 3, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. The total debt outflows stand at ₹1,727 crore so far this month. MORE TO COME FPIs offloaded ₹8,671 crore in Indian equities last month and ₹10,949 crore in debt markets over high US bond yields.

Sadiq Khan on Saturday registered a decisive victory to secure a record third term as Mayor of London, as the local election results from England and Wales continued to reflect a strong swing in favour of the Opposition Labour Party. The 53-year-old Pakistani-origin Labour candidate secured a massive 10,88,225 votes with a 43.8 per cent vote share, well ahead of the Conservative candidate Susan Hall's 8,12,397 votes – an impressive majority of over 2,75,000.

Filmed theatre — the recording and subsequent screening of a live stage production — isn't to many tastes. it usually has neither the immediacy of a good play nor the visual brio of a good film. I've been wary of the form ever since my school showed us an astonishingly dull 'film' of The Merchant of Venice, which felt like it was created by having a stationary camera placed in the first row at a theatre. And yet, I loved a recent screening of The Motive and the Cue, Jack Thorne's play about the inter-generational clashes between two major British actors, John Gielgud and Richard Burton, during a 1964 Hamlet production in which the former directed the latter. One reason for this is that I'm a Hamlet nut, and have some interest in the real-life figures depicted here (especially Gielgud, superbly played by Mark Gatiss, but also Burton and Elizabeth Taylor, who were newly-weds at the time). To appreciate this play, you need that interest. But even otherwise, M&C didn't feel static.

Dividend Stocks: Shares of several companies including Bank of Maharashtra, HCL Technologies, HDFC Bank, and several others among others will trade ex-dividend in the coming week starting from Monday, May 6. Some companies have also announced other corporate actions such as E.G.M. and rights issue.

Shashi Tharoor on Saturday said Prime Minister Narendra Modi was coming up with imaginary ideas regarding the Congress' manifesto to attack the party. The situation today was such that «the very idea of Indian democracy that our forefathers fought for is in peril», he told reporters here. «Our manifesto is a strong document with a vision for the future. Modi is making up imaginary ideas that are not in our manifesto and attacking us for that. We too can come up with imaginary things about Modi but we are not doing that,» he said. «We believe Modi's own record is bad enough and there is enough to attack. He, however, has nothing to say against us except imaginary things which we have not claimed in our manifesto,» he added. The issue of Muslim reservation was brought up by the PM but there was no mention of the term «Muslim» in Congress' manifesto, Tharoor claimed. «He said we are going to snatch away the houses and buffaloes of people and give it to Muslims. There is no such reference in the manifesto. He says we are going to take away mangalsutras and gold and give it to Muslims,» he said.

Also Read: Warren Buffet's Berkshire Hathaway Q1 operating profit rises 39% to $11.22 billion, net income drops 64% YoY Some investors, however, have expressed concern that Apple consumed too much of Berkshire's investment portfolio. Apple CEO Tim Cook, who is at the Berkshire meeting, has said that he still considers it a privilege to have Berkshire as a major shareholder. Hathaway significantly reduced its stake in Apple as the company let its cash hoard swell to a record $189 billion.

The board has announced a final dividend of Rs 19 and a special dividend of Rs 3 per share to commemorate the 25-year silver jubilee celebrations of CDSL. EBITDA stood strong at Rs 148 crore, up by 111% from Rs 70 crore for the same period last year.

Jammu and Kashmir Bank on Saturday reported its highest-ever annual profit at Rs 1,767 crore for 2023-24. Its Managing Director and CEO Baldev Prakash said the net profit surged 48% compared to the previous fiscal. «Beating its own highest-ever record of profits achieved only last year, the net profit surged in fiscal 2023-24 by 48 per cent to achieve its record profit figure of Rs 1,767 crore,» Prakash told PTI after the bank's annual results for FY 2023-24 were released bank here.

cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose.

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Congress candidate Deepender Singh Hooda and BJP nominee Ashok Tanwar on Saturday filed their nomination papers from the Rohtak and Sirsa seats respectively for the Lok Sabha elections. Polling for 10 Lok Sabha seats in Haryana will take place on May 25. Hooda was accompanied by his father and former Haryana chief minister Bhupinder Singh Hooda, Haryana Congress chief Udai Bhan and party MLA BB Batra while filing the nomination papers at Rohtak. The Congress has fielded Hooda, a Rajya Sabha MP, from the Rohtak parliamentary constituency, which is currently represented by Bharatiya Janata Party's Arvind Sharma. He had unsuccessfully contested from the Rohtak seat in the 2019 Lok Sabha polls.

Congress's Lok Sabha poll candidate from Kangra Anand Sharma on Saturday highlighted his 52-year career in public service and asserted his deep-rooted connection with Himachal Pradesh, besides talking about his efforts for the development of Kangra and Chamba districts. Hitting out at the ruling Bharatiya Janata Party (BJP) at the Centre, the former Union minister alleged that it has «cheated» the country's youngsters for the last 10 years. Addressing reporters here, Sharma said, «I have an unblemished career of 52 years in public life and have come here to serve the people of Kangra and Chamba. »Throughout my tenure in various (Union) ministries, I have focused on the development of Himachal Pradesh, particularly Kangra and Chamba. My consistent participation in major party rallies here and my work with the Youth Congress across all blocks of Kangra and Chamba exemplify my dedication."