Action Financial News

According to Sevens Report Research, last week's price action is important for 2024, noting the increased volatility.

MUMBAI : Brightcom Group Ltd has filed a fresh application before the Securities Appellate Tribunal seeking a stay on the market regulator’s order restraining ace investor Shankar Sharma and others from selling shares in the digital marketing company. The Securities and Exchange Board of India had in August restrained Brightcom’s then chairman and managing director Suresh Kumar Reddy and chief financial officer Narayan Raju from holding directorial positions following an investigation into alleged irregularities in preferential allotment of shares. Brightcom in its petition said the allegations made in Sebi’s order were “baseless and completely unfounded".

The final week of the year is underway and gold has maintained a positive outlook, holding above its long-term resistance price.

By Blake Brittain

INS Imphal’ in Mumbai on Tuesday, Singh said, "India's growing economic and strategic power has filled some forces with jealousy and hatred." ALSO READ: MV Sai Baba with Indian crew, among other ships attacked by Houthi drone in Red Sea. Here's what we know so far He added that India has intensified patrolling of seas after recent attacks on merchant navy ships. "The Indian Navy has increased surveillance of the sea.

₹125- ₹130 crore in the past year. This trend has led to reduced opportunities for low-budget films or those with lacklustre box office performances. While investments in original content haven't yielded expected returns, these big-budget films offer the advantage of pre-approved censor board ratings, minimizing risk.

Jammu and Kashmir's Poonch last week, officials said. Defence Minister Rajnath Singh is likely to visit ground zero on Wednesday with top Army and civilian officials monitoring the situation in Poonch in view of the terrorist attack which was followed by the death of three civilians in the area, official sources said. Over 30 suspects have been questioned during the past few days and several of them have been released, they said.

Chief minister Yogi Adityanath on December 25 approved the draft Uttar Pradesh lift and accelerator bill, 2023, paving the way for new regulations on the matter. The CM issued a set of fresh directions to officials, instructing them to ensure «safety and proper maintenance of lifts and escalators installed in multi-storey buildings, especially at public places». As per the bill, it will be mandatory to install an auto rescue device in a lift/escalator mandatory so that in case of an outage or any other fault, passengers trapped inside reach the nearest landing, and the door opens automatically. Also mandatory will be emergency bells, CCTV cameras, adequate lighting and communication system in lifts and escalators mandatory for communications with people outside. «The safety of lifts is very important. For this purpose, it is necessary to strictly ensure adherence to prescribed procedures for construction, quality, built-in safety features, installation, operation and maintenance of lifts and escalators,» the CM instructed. Yogi's statement generated high interest in light of frequent reports of mishaps involving lifts in urban residential complexes, which have become regular occurrences in a number of apartments in places such as Noida. According to an official release, complaints are received about lifts and escalators installed in public places with high footfall, regarding their design as well as improper operation and maintenance . The CM regretted that at present there is no law in this regard in the state.

₹95,000 crore in investments were channeled through the PLI scheme in 2023, generating employment for about 640,000 individuals, according to a statement on Tuesday from the ministry's department for promotion of industry and internal trade (DPIIT). The ministry in 2023 approved 746 applications under the scheme, which targets 14 key sectors, including mobile manufacturing, telecom, pharmaceuticals, and the burgeoning drone industry. Overall, DPIIT said it is working with 24 sub-sectors, including furniture, aluminium, agrochemicals, robotics, and gym equipment, to promote domestic manufacturing, boost exports and reduce imports.

Fundamental investing is always deemed preferable and fruitful over a long-term but short-term trading, especially for seasoned traders with a knack of technical knowledge, could also be a money minting exercise. All one needs is to be agile and understand market psychology.

BJP's actions with Lord Ram's qualities like honesty, tolerance and respect. According to him, while the saffron party praises Ram in public, their actions don't match Ram's teachings.

Such traders could be better off taking advisory services from Sebi-registered analysts with proven history. The curated discovery platform GapUp could be the best place to log in. Rigi's GapUp hosts dozens of market gurus at its unique platform for inexperienced traders to avail services from.

Indian economy grapples with the persistent challenge of inflation, the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) have orchestrated a series of strategic measures throughout the 2023 calendar year. These actions, spanning policy changes and interest rate adjustments, reflect a proactive approach to maintaining economic stability while fostering sustainable growth.

Bollywood in terms of Box Office success. However, a movie cannot always be judged by how much it has done business.

Catch Live Market Updates here Analysts expect the market to remain range bound with stock specific action this week ahead of the year end. However, the underlying tone of the market remains positive on rising bets on the US Federal Reserve to cut interest rates early next. The Indian stock market indices ended higher on Friday tracking positive cues from global peers.

Bengaluru witnesses surge in new real estate investments. Details here Nath was addressing a meeting with Karnataka Rakshana Vedike (KRV), an organisation that has been pushing the Kannada language use in the state. Nath added that legal action will be taken against shops that do not install Kannada nameplates by February 28.

Praja Palana' (people's governance) in Telangana, Congress leader V Hanumantha Rao has said that from December 28 to January 6, the state government will give white ration cards to the poor in Telangana. The Congress was founded on December 28, 1885. «From Congress foundation day on December 28 to January 6, we will go every home and give white ration cards to the poor in the state who will get benefits of it. My request is that every worker, every district president, NSUI and the Youth Congress should go to every house and raise awareness about the program...CM Revanth Reddy has done a good job,» Rao told ANI. Through a White ration card, people can get food at a low cost. Further, reacting to BRS leader K Kavitha's remarks that Congress failed to lift the hijab ban in Karnataka, the former Rajya Sabha MP said that anyone can speak what they want, but CM Siddaramaiah will soon lift the ban as he promised. «Whatever CM Siddaramaiah said will be implemented,» he emphasised. Meanwhile, CM Revanth Reddy on Saturday promised to introduce a Rs 5 lakh accidental policy for gig workers such as those involved in food delivery, driving cabs and auto rickshaws, and medical care up to Rs 10 lakh under the Rajiv Arogyasri scheme. The Telangana chief minister also promised to make available an app that is being developed by T-Hub on the lines of Ola. Chief Minister Reddy made the remarks at a meeting to find out the problems being faced by cab drivers, food delivery boys and auto drivers at Nampally Exhibition Grounds. «Apart from eyeing profits, the organisations should also pay attention to the welfare of the workers and employees.

Nifty is poised to take a pause and consolidate, maintaining a positive bias within the broader range of 21,600-20,800. Analysts suggest that any potential breakout above 21,600 could propel the index to a new all-time high within the range of 22,000-22,200. Stocks such as L&T, Reliance, HDFC Bank, Manappuram Finance, Maruti, GAIL, Hindalco, Arvind Fashion, Hind Oil Exploration, Graphite, Engineers India, Persistent, Mphasis, and Cummins are expected to sustain strong buying interest, according to analysts. ARPAN SHAH, SENIOR RESEARCH ANALYST, MONARCH NETWORTH CAPITAL Where is the Nifty headed this week? Nifty has rallied from 18,850 to 21,593 in the last two months.

«Overall the mood of the market remains positive. We expect the market to remain range bound with stock specific action next week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty (Earlier SGX Nifty) signals a positive Nifty futures on the Gift Nifty traded at 21,418.50, up 24 points or 0.11%, signalling a positive start for Dalal Street.

By Leika Kihara and Takahiko Wada

Sakshi Malik, hung up her boots last week in disgust. This unfortunate development doesn't augur well for Indian women when the feted among them are denied justice and even made to grovel for it. Malik and several top Indian wrestlers, including Vinesh Phogat and Bajrang Punia, began their protests in January over the lack of action against the then-head of the Wrestling Federation of India (WFI), Brij Bhushan Sharan Singh, whom they accused of sexual harassment of female wrestlers. For several months, nothing happened.