Action Financial News

Hamas fighters from Palestine's Gaza has been going on for over a month wherein over 10,000 Palestinians have lost their lives to Israeli bombardment and ground incursion. The war that escalated since the 7 October Hamas attack on Israel, has the world seeking ceasefire from Netanyahu's army, as Palestinians struggle to survive.

Broadband India Forum (BIF), a lobby for tech companies, has slammed the telcos’ stand against the use of OTT platforms such as WhatsApp, for enterprise communications, saying operators are only trying to thrust a technologically inferior and user-unfriendly product like SMS through regulatory/administrative intervention. The Broadband India Forum (BIF) said the SMS route is often unreliable due to lapses in network coverage, which is why telco customers prefer app-based messaging platforms like WhatsApp over SMS. “The telcos’ action is analogous to insisting on transportation by bullock cart when modern and more affordable automotive transportation is available and permitted,” T V Ramachandran, president, BIF, told ET. The tech forum counts Amazon, Meta (which owns WhatsApp), Microsoft, Intel, Qualcomm, and Google among its key members. The BIF president added that WhatsApp and Telegram are perfectly legal and permissible products and it’s absurd to allege that some corporates are circumventing and bypassing the legal telecom route by using apps. The popularity of OTT communication platforms among users, he said, is the result of better experience.

deepfake incident — reading the takedown rulebook to social media platforms and reminding them of the legal provisions against digital impersonation — must be backed up by vigorous prosecution against the perpetrators. Fakery, deep or shallow, is detectable, and policing it is a matter for enforcers of the law. Deepfakes require considerable computing capacity and a large digital footprint of their targets, making it easier to narrow down the search for their origin.

Beyonce released the trailer of her film 'RENAISSANCE: A Film by Beyonce' on Thursday, November 9. It promises to capture the eye-popping global tour of the same name in all its silver-streaked glory. Directed by Beyonce, the movie will hit theaters around the world on December 1 after its Los Angeles premiere on November 25 and a London premiere on November 30. The tickets are available to purchase now. The RENAISSANCE film will air on Thursdays, Fridays, Saturdays and Sundays with multiple showtimes on each day.

The daughter of a retiree is looking to a major Canadian airline for answers after her father became ill on a recent 16-hour flight from India to Canada and died upon arrival.

The Association of Mutual Funds in India’s (AMFI) directive to fund houses regarding the use of projected returns in advertisements is a step in the right direction to curb mis-selling, say MF executives and distributors.

smart contract audits and KYC. Bitcoin Spark aims to democratize mining and investment processes in its framework. BTCS embraces accessibility and inclusivity by leveling the mining and investment field.

Sectorally, buying was seen in realty, auto, healthcare, and utilities while FMCG, oil & gas, IT, and consumer durable stocks saw some selling pressure. Stocks that were in focus include names like Welspun Corp which was up more than 5%, Power Finance Corporation which gained more than 5% to hit a fresh high and JB Chemicals which rose nearly 3% on Thursday. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what analyst Kumar Saurabh, Director at Technofunda Ventures Private Limited, has to say Welspun Corp Welspun has come up with a great set of Q2 numbers and stock has been in good momentum after forming base around Rs 160-180 levels for multiple months. However, with Thursday’s price action despite creating a new high, one can observe that suppliers dominated buyers at the end of the day highlighted through a long wick at the top with huge volumes. One needs to maintain caution when looking at this. However, the stock has crossed the Rs 458 resistance level and is currently trading at Rs 480.

Iran on Thursday rejected a G7 statement which called on Tehran to stop supporting Hamas militants and taking actions that «destabilise» the Middle East. Tehran's comment came a day after foreign ministers from the G7 group of advanced economies, meeting in Tokyo, expressed support for «humanitarian pauses and corridors» in the Israeli-Hamas war. Israeli air strikes have pounded the Palestinian territory of Gaza since Hamas gunmen stormed across the heavily militarised border on October 7 to kill more than 1,400 people, most of them civilians, and seize around 240 hostages, according to Israeli officials. The subsequent Israeli bombing campaign in Gaza has killed more than 10,500 people, two-thirds of them women and children, according to the Hamas-run health ministry. The G7 also called on Iran to «refrain from providing support for Hamas and taking further actions that destabilise the Middle East, including support for Lebanese Hezbollah and other non-state actors.» On Thursday, Iran's foreign ministry spokesman Nasser Kanani «strongly condemned» the statement by the group which includes the United States, Britain, Germany, Canada, Italy, France, and Japan. He said Iran has engaged in «non-stop efforts to stop military attacks of the Zionist aggressor regime (Israel) on the defenceless citizens» in Gaza.

Gary Gensler, Chair of the Securities and Exchange Commission (SEC), has issued a warning about the prevalence of fraud in crypto, stating that there are multiple “notorious fraudsters” operating in the space.

Pro-crypto Congressman Tom Emmer has made progress in his efforts to limit the powers of the United States Securities and Exchange Commission (SEC) when it comes to enforcing regulations on digital assets.

Assam Police has arrested Congress MLA Aftabuddin Mollah for allegedly making derogatory remarks about the priests. Police arrested Mollah in Guwahati Tuesday night for making derogatory remarks on temples and namghars (prayer places) during a public rally at Goalpara on November 4. Assam's Special DGP Harmeet Singh said, “A complaint was filed and accordingly police found it cognizable as per the law and he was arrested and produced before the court.” Mollah said that in criminal activities priests and saints are involved. Several FIRs were filed against the MLA after his remarks went viral on social media, Mollah issued an apology, and the Congress party issued a show cause notice.

Panamanian highway, Kenneth Darlington, a 77-year-old lawyer and professor with dual citizenship in the US and Panama, has been arrested for shooting two environmental protesters blocking the road. The video of the encounter has since gone viral in social media. Darlington, leading a seemingly comfortable life, decided to take drastic action due to his frustration with persistent road blockades by protesters. His discontent reached a point where he was willing to trade his comfort for the consequences of his actions, even if it meant spending his remaining years in prison.

gold and silver on Dhanteras day. This time Dhanteras is on November 10, 2023, i.e., tomorrow. If you want to avoid the crowds in a jeweller shop, then there is an option to buy gold coins and bars online. One can buy gold coins, bars online from MMTC-PAMP, reputed branded jewellers such as Tanishq, Malabar Gold & Diamonds etc. MMTC-PAMP is a joint venture between the Government of India-owned Metals and Minerals Trading Corporation of India (MMTC) and Switzerland-based gold refining company, Produits Artistiques Métaux Précieux (PAMP). MMTC-PAMP sells gold and silver coins and bars only through their offline and online stores. One cannot buy gold and silver jewellery from MMTC-PAMP. The products sold by MMTC-PAMP have received accreditation from the London Bullion Market Association (LBMA). «Since Diwali is dedicated to the worship of Goddess Lakshmi while Dhanteras marks the beginning of the five-day Diwali celebrations, buying pure gold and silver on Dhanteras holds specific significance. At MMTC-PAMP, we offer the purest 999.99+ Gold (24K) and silver products, seamlessly blending the finest Switzerland technological craftsmanship with Indian traditional values and customisation,» says Vikas Singh, MD & CEO, MMTC-PAMP.

Gopal Rai on Thursday said all ministers of the Delhi government will work at the ground level to ensure strict implementation of air pollution control measures in the national capital. Addressing a press conference here, Rai expressed concern over negligence on part of officers in the implementation of measures outlined in the Centre's air pollution control plan called Graded Response Action Plan (GRAP).

The Optus outage is forecast to hasten a shake-up of the telecommunications industry, threatening the Singaporean-owned group’s mobile market share as it scrambles to stop customers from fleeing after massive disruption to internet and phone services on Wednesday.

Revenue from operations during the second quarter increased 28% year-on-year (YoY) to Rs 6,646 crore. It was Rs 5,211 crore in the in the last year quarter. EBITDA for the quarter (excluding the forex loss) jumped 19% YoY to Rs 3,880 crore in the July-September period. The domestic cargo volumes of the company jumped 13% YoY to 98.12 mmt, while the total cargo volumes rose 17% YoY to 101.22 mmt in the reporting quarter. Mundra Port handled cargo volumes to the tune of 44.44 mmt in the September quarter, up 14% YoY.

Air Quality Index (AQI) in Uttar Pradesh deteriorated from the 'poor' category to the 'very poor' category on Thursday, as per the data from the Central Pollution Control Board (CPCB). In view of the worsening air quality index, the Noida and Ghaziabad district administrations on Tuesday decided to discontinue all physical classes in schools apart from those for students of Class X and XII until Friday, in view of the worsening air quality conditions. The administration suggested that schools conduct classes in online mode. Meanwhile, the neighbouring Delhi government on Monday decided to reintroduce the odd-even rule from November 13 to 20 in view of concerns about deterioration in air quality. A decision on further extending the odd-even rule would be taken later. According to the 8-point action plan, there will be a ban on entry of truck traffic into Delhi (except for trucks carrying essential commodities/ providing essential services and all LNG/ CNG/ electric trucks). The Supreme Court on Tuesday expressed grave concern over the hazardous air quality in the national capital and directed that farmers should stop stubble burning forthwith in Punjab, Haryana, and western Uttar Pradesh, saying it was one of the major contributors to air pollution. Air pollution levels can be high during the winter months for a number of reasons, including dust and vehicular pollution, dry-cold weather, stubble burning, burning crop residues after the harvest season, and commuting.

Star Entertainment chairman David Foster has told investors the company had no intention to raise more money – “based on what we know today” – after finding $1.6 billion in new funds in the last seven months.

Plenty of action at Origin Energy, even beyond the stoush between the energy giant and its largest shareholder AustralianSuper.

Optus that cut off internet and phone connections to nearly half of its population, causing widespread chaos and leading some small business customers to seek compensation. More than 10 million Australians, 40% of the population, were hit by the 12-hour network blackout at the nation's No. 2 telco firm for much of Wednesday, triggering fury and frustration among customers and raising concerns about the country's telecommunications infrastructure.