Action Financial News

Narayana area of South West Delhi, a plumber lost his life when an elevator suddenly started moving, trapping him inside. This unfortunate event occurred in a multi-story residential building where the plumber, identified as Sanjay and a resident of Rajeev Camp, was engaged in the task of clearing water that had accumulated inside the elevator. According to the local police, this incident occurred within the jurisdiction of the Naraina police station.

Dayanidhi Maran on October 10 said he has been duped of ₹99,999 through a net banking fraud. Sharing the details on social media, Maran said ₹99,999 was “stolen" from his Axis Bank personal savings account through a net banking transfer via “IDFC First Bank-Billdesk". The transaction, which was not initiated by him, bypassed “all normal safety protocols", he added.

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Raghav Chadha on October 10 approached the Supreme Court with a plea that challenges his suspension from the Rajya Sabha. Chadha was suspended from the Parliament's Upper House on August 11 for “gross violation of rule, misconduct, defiant attitude and contemptuous conduct". The action against him came in response to complaints submitted by four MPs – Sasmit Patra, S Phangnon Konyak, M Thambidurai and Narhari Amin – who accused him of including their names in a motion without their consent.

Prestige Estates Projects jumped nearly 19% intraday to hit a fresh 52-week high of Rs 796.40 on the NSE, in turn helping the Nifty Realty index scale its 15-year high level of 612.25. The price action was accompanied with strong volume as more than 69.32 lakh shares changed hands on the NSE around 12:50 pm, with the total traded value of the stock standing at Rs 520.11 crore. The gains were on the back of the real estate company registering the highest sales of Rs 11,007.3 crore in H1 FY24, up 69% year-on-year (YoY), while the quarterly sales jumped 102% YoY to Rs 7,092.6 crore during Q2FY24. The sales during this period is attributed to 6.84 mn square feet volume with an average realisation of Rs 10,369 per square feet, which rose 29% YoY for apartments/villas and average realisation of Rs 6,753 per square feet for plot, up 62% YoY. The group sold 3,659 units during Q2 FY24.

emergency alert system, orchestrated by the National Disaster Management Authority (NDMA). The test involved sending emergency alerts to a random selection of smartphones throughout India. Upon receipt, users' phones emitted a loud beep and displayed a flash message that conveyed «emergency alert: severe.» The message was transmitted twice, once in English and once in Hindi, with a brief time lapse. The NDMA explained that the purpose of this alert was to evaluate the effectiveness of the newly implemented system and to pinpoint any potential issues.

Ayatollah Ali Khamenei said on Tuesday that Tehran had not been involved in the Hamas group's weekend attack on Israel, but he hailed what he called Israel's «irreparable» military and intelligence defeat. In his first televised speech since the attack, Khamenei said «we kiss the hands of those who planned the attack on the Zionist regime». «This destructive earthquake has destroyed some critical structures (in Israel) which will not be repaired easily… The Zionist regime's own actions are to blame for this disaster,» said Khamenei. Iran has long backed the Hamas group, which controls the Gaza Strip and rejects Israel's right to exist. Israel said earlier on Tuesday it had re-established control over the Gaza border and was planting mines where militants had toppled the barrier during their bloody weekend assault, after another night of relentless Israeli air raids on the enclave. The United States said on Monday Iran was complicit in Hamas' assault on Israel, though it said it had no intelligence or evidence pointing to Tehran's direct participation.

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had then said that said that such tests will be carried out from time to time in different regions to assess the efficiency and effectiveness of the emergency warning broadcast capabilities of mobile operators and cell broadcast systems. The government is closely working with the NDMA on the project.

Gaza is burning as Israeli forces methodically proceed to dismantle its structures of terror. The coming retribution will be terrible, but it is necessary and just. Hamas has lost the right to rule Gaza.

X on Tuesday said it has removed newly-created Hamas-affiliated accounts and purged tens of thousands of posts for sharing graphic media, violent speech, and hateful conduct amid the ongoing Israel-Hamas violence, as its CEO Linda Yaccarino cancelled her appearance at a key tech conference next week. The platform said it is also continuing to proactively monitor for antisemitic speech. «We have taken action to remove several hundred accounts attempting to manipulate trending topics. Community Notes are now live on posts and new accounts are being enrolled in real time to propose and rate notes,» said the social media network.

Foreign exchange trading firm Convera “significantly overcharged” mattress start-up Koala, demanded the will of late music industry legend Michael Gudinski when onboarding his Frontier Touring company and a senior executive bullied a staff member who raised concerns about the conduct.

London | England’s high court has begun hearing a case brought by four small business owners, who say National Australia Bank and its former British unit Clydesdale & Yorkshire Bank, now known as ASX-listed Virgin Money, crippled them financially through allegedly mis-selling fixed-rate business loans.

The Sensex and Nifty 50 finished 0.7% down at 65512.39 points and 19512.35 points, respectively. Among the big movers in the market on Monday were Adani Ports and Special Economic Zone, Punjab National Bank, Tata Consultancy Services, and Oil India. Here’s what Avdhut Bagkar, Technical and Derivatives analyst, Stoxbox, recommends investors to do with these stocks when the market resumes trading on Tuesday.

UAW strikes expand as 7,000 more workers join picket line at two plants GM's updated offer did not align with the 23 percent pay raise suggested by Ford. On Friday, the UAW communicated that GM had agreed to include workers at joint venture battery plants under union contracts, but as of Monday, GM provided no specific details, the report noted. The layoffs are across the board.

Hamas group, killing over 1,000 people so far. “Today, we — President Macron of France, Chancellor Scholz of Germany, Prime Minister Meloni of Italy, Prime Minister Sunak of the United Kingdom, and President Biden of the United States — express our steadfast and united support to the State of Israel, and our unequivocal condemnation of Hamas and its appalling acts of terrorism," the statement read.

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

Sam Altman, the founder of Worldcoin and CEO of OpenAI, has voiced his concerns regarding the escalating efforts by the US government to regulate and exert authority over the cryptocurrency market. 

European Union late Monday reversed an earlier announcement by an EU commissioner that the bloc was «immediately» suspending development aid for Palestinian authorities and instead said it would urgently review such assistance in the wake of the attacks on Israel by Hamas to make sure no money was misused. «There will be no suspension of payments» at the moment, a terse European Commission statement said late Monday, five hours after EU Commissioner Oliver Varhelyi had said that all payments from the development programme for Palestinians would be «immediately suspended.

Finland and Estonia say the undersea Balticconnector gas pipeline running between the two countries across the Baltic Sea has been temporarily taken out of service due to a suspected leak

Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks