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Also Read: Infosys, TCS stocks help Nifty 50 hit all-time high again This extraordinary rally was primarily driven by the Information Technology (IT) sector, where industry leaders such as Infosys, TCS, Wipro, and HCL delivered robust performances in the third quarter of the fiscal year 2024. Infosys and Wipro, which have been laggards in comparison to the benchmark, indices are making a strong comeback following their robust Q3 FY24 results, contributing to the Nifty 50 robust rally.

Suchana Seth, the CEO of Bengaluru AI startup The Mindful AI Lab, accused of murdering her four-year-old child, appeared before Calangute police in Goa on Saturday as part of the ongoing investigation. Seth is accused of murdering her 4-year-old son in a service apartment in Candolim, north Goa, by allegedly smothering him to death before attempting to commit suicide by slashing her wrist. She then packed the child's corpse in a bag and attempted to flee back to Bengaluru but was arrested midway on January 8 in Chitradurga, Karnataka.

Every budget poses a dilemma for the government. If Hamlet’s question was “to do or not to do," the one before every elected administration is how far it should throw caution to the winds on populism. Should it take the ‘apres moi le deluge’ (after me the deluge) approach of Louis XV of France, spend its way to popularity and election victory? Or should it take a long-term view and do what is eventually best for the country? Economists call this the ‘time inconsistency’ problem.

Catch Live Market Updates here On Friday last week, the domestic equity market benchmarks the Nifty 50 and the Sensex saw strong gains. The Sensex hit its fresh all-time high of 72,720.96 during the session before closing the day with a robust gain of 847 points, or 1.18 per cent, at 72,568.45. The Nifty 50 hit its fresh record high of 21,928.25 during the session and closed at 21,894.55, jumping 247 points, or 1.14 per cent.

Dividend stock in India: Shares of Sukhjit Starch & Chemicals Ltd will be in focus when the stock market opens on Monday (January 15). The Board of Directors of the company has declared an interim dividend of ₹8.00 per share for the eligible shareholders. The record date to ascertain the eligibility of shareholders for the interim dividend has been fixed on January 15.

F&O ban list: A total of fifteen stocks have been put under the ban for trade on Monday, January 15, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE.

By Scott DiSavino

stressed firms were rescued through the insolvency law in 2023 and the resolutions fetched their creditors more than three times the amount raised through 160 such debt resolutions in 2022, a senior official told ET, citing data compiled by the bankruptcy regulator. The realisation proceeds were to the tune of ₹67,000 crore in 2023 against ₹20,860 crore in 2022, according to the Insolvency and Bankruptcy Board of India (IBBI) data yet to be made public. The jump indicates a «robust upward trajectory» in the IBC's (Insolvency and Bankruptcy Code's) effectiveness, the official said. A Delhi-based expert involved in shaping the insolvency policy said the 2023 resolution numbers also mirror the broader economic momentum being witnessed after the pandemic blues, which has expanded the universe of bidders for stressed assets.

REITs and InvITs have gained popularity as preferred investment options, with fundraising, through the route, surging 10-fold year-on-year to ₹11,474 crore in 2023, supported by measures taken by regulator Sebi and attractive returns offered by the instruments. Going ahead, fund mobilisation by REITs (real estate investment trusts) and InvITs (infrastructure investment trusts) is poised for significant growth in 2024, driven by several key factors, including anticipation of rate cuts and introduction of a range of policies aimed at encouraging investments like tax incentives and relaxed investment norms, Claravest Technologies co-founder Manaki Parulekar said. «This year, we are likely to see interest rates decrease in the first half of 2024 due to the expected drop in inflation. These conditions are favourable for investors who are looking to invest in long-term opportunities, such as REITs and InvITs,» he added. According to data compiled by Prime Database.com, REITs and InvITs collectively raised ₹11,474 crore in 2023 compared to a record low amount of ₹1,166 crore clocked in 2022. Before that, funds to the tune of ₹17,641 crore were collected through the route in 2021 and ₹29,715 crore in 2020, the data showed. REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation. A REIT is made up of a portfolio of commercial real estate assets, the majority of which are already leased out, and InvITs consist of a portfolio of infrastructure assets like highways. Overall, InvITs and REITs have seen tremendous growth.

Investing.com — Here is your Pro Recap of the biggest dividend hikes, cuts, and share-buyback announcements you may have missed this week.

Narendra Modi’s recent visit to Lakshadweep and derogatory remarks by three Maldivian ministers against India and PM Modi have led to a resurgence of interest in visiting the island chain, despite 2023 recording the lowest number of aircraft movements to the archipelago since 2015, excluding the archipelago 2020, according to AAI data. The Agatti Island airport in Lakshadweep registered the lowest number of flights during the April-November 2023 period, the lowest in eight years, according to the Airports Authority of India (AAI).

Mint has seen a copy of KIL's affidavit. Kirloskar Industries is controlled by younger brothers Atul and Rahul Kirloskar, while Kirloskar Brothers Ltd is majority owned by Sanjay Kirloskar. Kirloskar Industries owns a 23.91% stake in Kirloskar Brothers, while Atul and Rahul Kirloskar own 0.59% and 0.51%, respectively.

equity indices hit all-time highs on Friday, and logged weekly gains, led by gains in IT stocks after market leaders TCS and Infosys posted quarterly reports that alleviated concerns about weak demand. On the day, the NSE Nifty 50 added 1.14% to close at a record 21,894 points, while the S&P BSE Sensex climbed 1.18% to 72,568. They gained about 0.8% for the week. Meanwhile, the IT index jumped 5.14%, logging its best session since Oct. 8, 2020, to hit a 21-month high.

Venkat Raman confronted his estranged wife, Suchana Seth, asking her why she killed their 4-year-old son. Suchana retorted, putting the blame on Raman for her distress. A police officer recounted the intense scene to Times of India, revealing that Raman pressed Suchana about the alleged crime, only to face her outright denial and a counter-accusation. The estranged husband asked Suchana Seth then how the son died, if she was not responsible. Venkat Raman as well as Suchana sought police permission to meet. The cops had allowed them to spend about 15 minutes with each other. The exchange took place at the Calangute police station, where Raman came to give his statement. Seth and Raman got married in 2010 and filed for divorce after eight years, he added.

Indian armed forces have transformed with changing times to meet the challenges of the «entire spectrum of warfare,» IAF Chief Air Chief Marshal V R Chaudhari said on Sunday. In his address at an event hosted here to mark the 8th Armed Forces Veterans Day, he also asserted that resilient spirit, leadership, and vision of its veterans have laid the foundation of today's armed forces. The programme held at Manekshaw Centre in Delhi Cantonment was also attended by Navy Chief Admiral R Hari Kumar, various senior officers of the three Services, a large number of veterans or their family members.

Raman confronted his estranged wife, Suchana Seth, on Saturday, accusing her of murdering their four-year-old son. The confrontation, which unfolded at Calangute police station, took a hostile turn as Suchana vehemently denied the accusation, placing the blame squarely on Raman. A police officer on the scene recounted, «Raman asked Suchana why she had killed their son.

Guntur Kaaram', the highly-anticipated collaboration between Mahesh Babu and director Trivikram Srinivas, witnessed a thrilling opening at the box office, grossing an impressive Rs 41.3 crore on its debut day. However, the excitement was short-lived as the film faced a considerable drop in collections on its second day.

A critical emergency alert was issued on Saturday evening urging Albertans to reduce electricity use to minimize potential outages across the province.

Delhi Weather Update: Delhi on Sunday woke up to a thick blanket of fog, as predicted by the Indian Meteorological Department (IMD). Dense to very dense fog engulfed the city, reducing visibility to a mere 200-500 meters and causing major disruptions to air and rail travel. This foggy spell is expected to linger for three days, casting a chilly shadow over Delhi and its residents.

Salaar box office collection Day 23: Prabhas' Salaar: Part One- Ceasefire' saw a box office collection of ₹0.55 crore on Day 23 in the fourth week since its release. This is the fourth Saturday run for the movie. The film, available in Telugu, Kannada, Malayalam, Tamil, and Hindi has performed well in the first 23 days at the box office, earning ₹475.1 crore in India, according to data by Sacnilk.

BSE benchmark jumped 542.3 points or 0.75 per cent, and the Nifty 50 climbed 183.75 points or 0.84 per cent. Nifty 50 is now just 100 points away from crossing another milestone of 22,000. The IT index jumped 5.14 per cent, logging its best session since October 8, 2020, to hit a 21-month high.