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DRI) to look into the allegations of over-invoicing of equipment by Adani Power will not apply till the Supreme Court decided a review petition filed in a related case. A Division bench comprising justice Suresh Kumar Kait and Neena Bansal Krishna noted that Adani Power’s submissions that the department (revenue) has filed a review in the SC. “Accordingly, till then, direction given in paragraph 52 (directing the CBI to look into over invoicing allegations) shall not be applicable in case of Adani Power,” it said. A review petition filed by the Revenue department against dismissal of its appeal last year is pending before the apex court.

By Balazs Koranyi

cryptocurrency exchanges are recording higher trading volumes, deposits, and user registrations following Financial Intelligence Unit's (FIU’s) decision on December 28, 2022, to issue compliance show-cause notices to nine global crypto exchanges along with a request to the IT ministry to block their URLs for not adhering to Indian regulatory norms. Leading Indian crypto exchange Coin DCX has recorded a sharp increase in deposits post-FIU's action. “CoinDCX witnesses a phenomenal 2000% surge in crypto deposits as investors prioritise compliance and security. The fact that CoinDCX is the first FIU-registered entity and ISO-certified is working for us. We have enabled crypto deposits, and the process of transferring virtual digital assets (VDAs) from other platforms to CoinDCX is straightforward and hassle-free,” said Sumit Gupta, co-founder & CEO of CoinDCX, which has over 1.4 crore users on its platform currently. “Even our signups have gone up by 2X.” Another prominent crypto exchange, CoinSwitch, witnessed a jump in trading volumes. It also reinstated crypto deposits on Thursday, a service which it had suspended last year.

A major incident has been declared in Nottinghamshire along the banks of the River Trent, where more than 100 homes have been flooded, with the potential for the numbers to rise throughout the day. Neil Clarke, leader of Rushcliffe Council in Nottinghamshire, emphasized on BBC Radio 4's Today program that while water levels on the River Trent were starting to recede slightly, the situation remained grave.

Delhi Winter: Cold is expected to persist in Delhi for the next three days as the city recently witnessed its coldest day conditions in two years. A layer of lifted fog throughout the day, coupled with frosty northerly winds, contributed to the chill, with the maximum temperature at Safdarjung plummeting to 12.5 degrees Celsius, marking a 'severe cold day' as per the Indian Meteorological Department.

snow? Turns out, they may not have to wait much longer.Global News chief meteorologist Anthony Farnell says after seeing the warmest December on record across the country, January will see a change in the pattern.“It’s going to start in the West, that’s where the cold and snow begins, but then I think as the month progresses, we’re going to see widespread cold and snowy conditions across much of the country,” he said.The lack of both has put a damper on many winter activities from coast to coast.In Quebec, despite its southern region being hit by a major snowstorm in early December, rainy and warm weather washed away most of the 30 centimetres that fell. It’s also washed out any plans for outdoor ice rinks in Montreal and other municipalities.Skiers in Manitoba also struggled, with grainy and icy snow making it difficult for cross-country enthusiasts to enjoy the paths.Ski hills have also faced problems, with several reporting fewer than half their tracks open to the public during the recent holiday season.The lack of snow is not necessarily surprising given the presence of El Niño, with Farnell having forecast last month that nearly the entire country would see milder weather through much of December.As for the blast of cold previously forecast to hit around the holidays, well, that has changed slightly, Farnell said, but the cold is still “definitely coming.”“The big question is, does it stay?” he said.

Many U.S. states rely on winter tourism, but with record-breaking, warmer winter temperatures, some businesses are losing money.

here to vote for their favourite player. 1. Shubman Gill: 1.584 runs and 24 catches in 29 matches Gill's most notable performances came in the ODI format, with him finishing the year 2023 with 1,584 runs at an average of 63.36.

Rohit Sharma-led Indian cricket Team managed to tie the Test series against South Africa, after beating the hosts at Cape Town's Newlands Cricket Ground in the second Test by 7 wickets. Despite the manner Newlands pitch behaved across the four sessions in two days, Indian pacers – Mohammed Siraj, Jasprit Bumrah, and Mukesh Kumar – destroyed South Africa's dangerous batting order, which led the Test match over in just 5 sessions.

(Reuters) — Investors moved hefty amounts into global money market funds in the seven days leading to Jan. 3 as caution set in ahead of key U.S. employment reports which may influence expectations of Federal Reserve rate cuts.

ALSO READ: India vs South Africa 2nd Test match was shortest in history of Test cricket; breaks several unwanted records He said, "This is the worst Asian Team I have ever seen on Australian soil, they were in the driver's seat and suddenly you lose 5 wickets in a span of 15 minutes? Their fans were mocking India yesterday but at least they won the match in South Africa and have won 2 series in Australia. What has Pakistan won in the last 35 years?" (Sic) Looking at the Australia-Pakistan series, Australia won both tests -- first by 360 runs and second by 79 runs. Now they lead the series by 2-0.

mutual fund (MF) industry, shows an analysis of the quarterly AUM for the past six years, Business Standard reported. These fund houses had an average AUM of ~38.8 trillion in the third quarter (Q3) of 2023-24, which is 79 per cent of the total industry AUM of ~49.2 trillion. The share has come down steadily since Q3 of 2019-2020, when the share stood at 84 per cent.

In the dynamic world of cryptocurrencies, Bitcoin stands at a pivotal juncture, trading at $43,631 with a notable increase of 0.96% on Friday. This upswing is partly attributed to Marathon Digital’s record-breaking achievement in December, mining an impressive 1,853 Bitcoins.

Penny stock under ₹10: Shares of East West Holdings Ltd are one of those rare penny stocks of the Indian stock market, which is backed by foreign institutional investors (FIIs). Mauritius-based FII AG Dynamics Fund holds the majority of FIIs' stake in this penny stock under ₹10. The FII holds a 6.78 per cent stake in this small-cap stock under ₹10.

Ashish Kacholia portfolio: Balu Forge shares are one of the multibagger stocks that the Indian stock market has delivered in the last one year. In this time, this Ashish Kacholia portfolio share has risen from around ₹62.50 to ₹289 apiece levels on BSE, delivering to the tune of over 350 per cent to its positional investors. However, it seems that the multibagger stock still possesses upside potential.

ALSO READ: India vs South Africa 2nd Test match was shortest in history of Test cricket; breaks several unwanted records Viacom18 even released a humourous promo, where India and Afghanistan are represented by their respective kits in a sports store engaging in friendly banter. With the tagline of ‘dekh lenge’, the campaign plays along the lines of ‘the giant killers vs the giants’.

Cello World with a positive outlook. The stock, which entered the secondary market in November, is currently performing strongly on exchanges, trading at ₹871 apiece, 34.4% higher than its issue price of ₹648 apiece.

By Ben Blanchard and Sarah Wu

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest rate cuts. 

Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year. However, brokerage house Phillip Capital believes this recent decline is going to last. The brokerage has a ‘sell’ call on the stock with a target price of ₹80, implying a downside of over 23 percent from its current market price of ₹104.40, as of December 4.

Also Read: Mint Primer: Will office real estate bounce back this year? In today's trading session, the Nifty Realty index soared an additional 21.7 points, reaching a 52-week high of 863 points. Six out of 10 stocks are currently trading in the green, with Phoenix Mills leading the way with a notable gain of 5.2% at ₹2,487 apiece. Other top performers include Swan Energy (up 1.8%), Brigade Enterprises (up 1.7%), Mahindra Lifespace Developers (up 0.6%) and Oberoi Realty (up 0.2%) Macrotech Developers witnessed its shares reach a new record high of ₹1,198.9 apiece in today's trade.