Record News

By Ankika Biswas and Shashwat Chauhan

police officer Lewis Edwards has been handed a life sentence for committing more than 100 sexual offences against children. His minimum time behind bars is 12 years.

Polish politician Donald Tusk is in Brussels seeking to repair his country's ties with the European Union

Tech Mahindra announced an interim dividend of Rs 12 per share for the financial year ending 2024. The dividend is 240% on the face value of per share. The company has fixed November 2 as the record date for determining the members entitled to receive the interim dividend. The said interim dividend will be paid on November 21, 2023, to the equity shareholders of the company whose names appear on the register of members of the company or in the records of depositories as beneficial owners of the shares as of the record date. Shares of Tech Mahindra will likely trade ex-dividend on the day or a day before the record date.

Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required.

Tech Mahindra Limited announced an interim dividend of ₹12 per equity share of face value of ₹5 each on Wednesday. The company has fixed Thursday, November 2 as the record date for determining the members entitled to receive the interim dividend.

₹20 crore), a record for the artist, at Sotheby’s recent Modern & Contemporary South Asian Art auction in London. The entire auction raked in $9,948,988 ( ₹84.3 crore), twice its pre-sale estimate, the company said, with over 88% of the lots surpassing their estimates and all but one of the 77 lots finding a buyer. Sotheby's said Bawa's artworks, influenced by traditional Indian colours, are renowned for their vivid palettes.

Tech Mahindra has approved the merger by Absorption of 3 subsidiaries of the firm and their respective shareholders. This announcement came alongside the company's September quarter results.

₹36,000 crore, more than a third of the over ₹90,000 crore GMV projected by Redseer Strategy Consultants for the month-long spree, which kicks off just before Navratri and ends with Bhai Dooj after Diwali. Redseer, which tracks around 100 e-retail platforms and claims to have a fix on 90% of online sales, had forecast in a report released last month that this year’s festive season shopping spree will be the biggest on record, with shoppers expected to spend 20% more than they did during last year’s festival season. So far, Redseer appears to be dead on target.

General Motors is still churning out healthy profit—just not on the electric vehicles or potentially autonomous ones that investors care most about. GM’s third-quarter results on Tuesday came in better than expected. Net income of roughly $3.1 billion was down 7% from a very strong quarter last year, but higher than the $2.5 billion consensus that analysts had penciled in, according to FactSet.

festive season has sparked a surge in the property market of Mumbai, the country’s financial capital led by positive sentiment among homebuyers. During the nine days of Navratri spanning from October 15 to 23 witnessed a 37.4% year-on-year growth in registrations at 4,594 property transactions in the city. The state exchequer collected a total revenue of Rs 435 crores from property registrations during this nine-day period.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) “... a Meeting of Board of Directors of POWERGRID is scheduled to be held on Tuesday, 7th November, 2023 to consider and approve amongst other items of Agenda, the Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2023 after these results are reviewed by the Audit Committee and the declaration of Interim Dividend out of the profits of the Company for the FY 2023-24," PowerGrid Corporation of India said in a regulatory filing.

Wonderla Holidays shares surged by 10% in today's trading session, reaching a historic high of ₹887 per share. This significant increase came after the company received all the necessary approvals, clearances, and no-objection certificates (NOCs) from the Government of Tamil Nadu for its Chennai project. With these key permissions now in hand, Wonderla is set to commence construction on this project.

Microsoft, under the leadership of its various CEOs, made significant mistakes in the mobile phone industry. The company’s co-founder Bill Gates once admitted that it was a big mistake to let Google’s Android beat them in the mobile market. The former CEO Steve Ballmer focused too much on their own mobile system and didn’t take Apple’s iPhone seriously enough. Now, the company’s CEO, Satya Nadella, has gone on record to admit that writing off the company’s mobile phone business was a mistake.

As many as 4,594 property units were registered during the nine days of Navratri, spanning from October 15th to October 23rd, 2023, in Mumbai city (areas under BMC jurisdiction), according to a report by Knight Frank India. Property registration in the city witnessed 37.4% year-on-year (YoY) growth, marking an increase from 3,343 units registered during the Navratri period last year. 

By Stefanno Sulaiman

Mexico's Pacific beach resort of Acapulco early Wednesday, threatening to wreak «catastrophic» damage, the US National Hurricane Center (NHC) said. Hurricane Otis was packing maximum sustained winds of 165 miles (265 kilometers) per hour when it came ashore, the NHC said. The storm had rapidly strengthened to the most powerful category of the five-step Saffir-Simpson scale as it neared land. «Catastrophic damage likely where the core of the hurricane moves onshore,» the NHC warned. President Andres Manuel Lopez Obrador made an appeal on social media for people to move to emergency shelters and away from rivers, streams and ravines. Earlier, soldiers were seen patrolling the beach of Acapulco, where visitors had made the most of the calm before the storm. «We won't be running any tours today,» boat operator Carolina Torres said, voicing hope that Otis might weaken before making landfall. «If it hits us, that's very serious for us,» she added. Rainfall of up to 20 inches (51 centimeters) was expected across Guerrero and parts of neighboring Oaxaca state, the NHC said. «This rainfall will produce flash and urban flooding, along with mudslides in areas of higher terrain,» it warned. «A potentially catastrophic storm surge is expected to produce life-threatening coastal flooding,» it added. Hurricanes hit Mexico every year on both its Pacific and Atlantic coasts, usually between May and November, though few make landfall as a Category 5. In October 1997, Hurricane Pauline hit Mexico's Pacific coast as a Category 4 storm, leaving more than 200 people dead, some of them in Acapulco. It was one of the deadliest hurricanes to batter Mexico. In October 2015, Patricia became the most powerful hurricane ever recorded,

Multibagger stock: Shares of Servotech Power Systems Ltd are one of the multibagger stocks that Indian stock market has delivered in year-to-date (YTD) time. However, it seems that the energy stock has still some steam left. Despite choopy stock market sentiments during Wednesday deals, Servotech Power Systems shraes hit upper circuit.

CBRE, the Industrial & Logistics (I&L) sector is likely to touch a 5-year high absorption mark and touch 36 – 38 million sq ft in 2023 across the top 8 cities in India. “With the surge in quality supply additions, robust festive demand, and the completion of pent-up projects, we anticipate the overall absorption to touch a 5-year high, reaching an impressive 36-38 million square feet by the end of 2023. The active participation of larger developers backed by institutional funds, contributing around 40% to the completed projects, underscores the sector's growth potential,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

Stock market today: Amid gold and silver price rally in domestic and international market due to Israel-Hamas war, jwellery companies are expected to benefit as market is expecting margin benefit on their buffer stock. Kalyan Jewellers shares are one of them.

ANI, Sumit achieved a remarkable feat by breaking records, including the Asian Para Games, World record, and Asian record, with a throw of 73.29 meters. He achieved this performance during his third attempt of the day, securing the gold medal. Meanwhile, Pushpendra Singh secured the bronze medal in the same event.