Action Financial News

Subscribe to enjoy similar stories. Corporate action usually brings some good news for investors, particularly in the case of amalgamation and mergers. In many cases, corporate actions do not involve any potential future benefits to the company, as with bonus issues and stock splits.

Here's breaking down the pre-market actions:

Canada has imposed economic sanctions on five Venezuelan officials, including the head of the country’s high court, accusing them of engaging in electoral fraud during the disputed July presidential election

Energy Secretary Jennifer Granholm says the incoming Trump administration should proceed cautiously as it considers proposals for new natural gas export terminals

HDFC Bank and ICICI Bank, along with declines in blue-chip stocks like Reliance Industries and Bharti Airtel weighed on the benchmarks. The benchmark BSE Sensex lost 1064.12 points or 1.30% to settle at 80,684.45, while the broader Nifty 50 index closed at 24,336.00, lower by 332.25 points or 1.35%.

Nifty finally closed at the lows. A long bear candle was formed on Nifty’s daily chart on Tuesday, which has almost erased the gains made on Friday. Technically this market action is indicating a lack of strength to sustain the upside bounce.

Aman Goel, the co-founder and CEO of Mumbai-based GreyLabs AI, has stirred debate on success and productivity with his recent post on X. Sharing his personal journey, Goel challenged the widely accepted notion that «ideal habits» are essential to becoming successful. “I don't wake up at 5 AM. I don't take cold showers. I don't read books. I don't follow the ‘ideal habits’ that people claim are essential to becoming a millionaire,” wrote Goel. “Yet, here I am—a multi-millionaire in my 20s.”

Julie Scelfo started MAMA — Mothers Against Media Addiction — earlier this year to help parents fight back against the harms of social media on children

Trai) will launch an updated and more user-friendly 'do not disturb' (DND) app soon to provide mobile phone users some respite from spam. The app is planned to be launched in two months after deliberations with stakeholders on the technical feasibility of the new features, Trai chairman AK Lahoti told ET. «The intention is to make it user-friendly… the experience should be good, and it should become the preferred app for DND registration,» Lahoti said, adding that additional functionalities that can be built in, such as reporting and blocking spam calls, need to be examined.

Danity Kane. Richard, through her attorney Lisa Bloom, has filed a lawsuit against Combs, claiming she suffered economic, physical, and emotional harm during her time working with him. According to reports in Radar Online, Richard's decision to come forward was influenced by the viral hotel surveillance footage that surfaced earlier this year, showing Combs allegedly attacking his ex-girlfriend, Cassie Ventura. Bloom stated that Richard, an accomplished musician, was inspired to share her story after seeing Ventura speak out. According to Bloom, Richard has always been focused on her music but felt compelled to take action to support Ventura and others who have suffered similar experiences.

Subscribe to enjoy similar stories. Regulatory action against Nidhi companies or mutual benefit societies, and firms defaulting on their beneficial ownership disclosure have shot up in 2024 compared to previous years, official data from the Registrars of Companies (RoCs) showed.

HDFC Bank on Monday said that it received an administrative warning from Sebi over non-compliance with certain provisions of the regulator. This is the second warning letter from Sebi the bank has received in nearly a week. Earlier, Sebi had sent out a warning letter to HDFC Bank over observations made during the course of its periodic inspection of investment banking activities undertaken by the Bank.

Elon Musk, the billionaire entrepreneur known for his leadership at Tesla, SpaceX, and X (formerly Twitter), has recently made headlines in an unexpected domain—gaming. While Musk is widely recognized for his technological innovations, his latest foray into competitive video gaming has sparked controversy. Musk, who has previously boasted about his gaming skills, particularly in titles like Diablo 4, faced an unusual setback when he was banned from the Path of Exile 2 server. After his success in Diablo 4, Musk turned his attention to Path of Exile 2, where he continued to showcase his gaming expertise. However, his gaming experience took a surprising turn when he shared a post on X, revealing that he had been kicked off the server for allegedly cheating. According to Musk’s post, the disconnection was due to performing “too many actions too fast,” leading to an automatic ban. Musk, however, was quick to deny any use of cheating software and explained that his actions were simply a result of his high-speed gameplay, attributing the incident to his ability to perform actions at a rapid pace. He humorously dismissed the idea of using macros or external tools to enhance his performance.

Indian commercial banks wrote off ₹12.3 lakh crore in loans between the 2014-15 and 2023-24 financial years, according to government data presented in Parliament. Public sector banks accounted for ₹6.5 lakh crore of these write-offs in the last five years (FY20-24), a ToI report said on December 16. Write-offs peaked at ₹2.4 lakh crore in FY19 following an asset quality review. They dropped to ₹1.7 lakh crore in FY24, representing 1% of the total outstanding bank credit. Public sector banks hold a 51% share of new loans, down from 54% in FY23. As of September 30, 2024, gross non-performing assets (NPAs) for public sector banks were ₹3,16,331 crore (3.01% of outstanding loans), and ₹1,34,339 crore (1.86% of outstanding loans) for private sector banks. State Bank of India wrote off ₹2 lakh crore during the ten-year period, while Punjab National Bank wrote off ₹94,702 crore. Public sector banks wrote off ₹42,000 crore in the first half of the current fiscal year.

«So, let us see, that depends on the commentary of the Fed but so far the data build up has been positive. So, probability is that if the data remains stagnant or it remains like this only, then there is a good probability that we will hit the upper range. So, so far the setup is neutral to bullish,» says Aditya Arora, Adlytick. What is your bet? Are we likely to hit 25,000 over the next 10 to 15 days or not? Aditya Arora: Look, market is actually waiting for a big trigger and that trigger lies in Fed's meeting which is lined up in this week. So, before that I do not think market will show very big movement, but in fact would consolidate in a tight range.

Sky Gold will likely be in focus today as it will start trading on an ex-bonus basis for the issue of its 9:1 bonus share issue as the company had fixed December 16 as the record date for the purpose. “We wish to inform you that the Company has fixed Monday, 16th December 2024 as the Record Date for the purpose of determining the equity shareholders of the Company eligible for bonus equity shares of the Company,” the company had informed in a filing to the exchanges.

Subscribe to enjoy similar stories. On 13 December, Friday, the trend remained choppy, but the bulls survived the onslaught of the bears and forge ahead as we near the mid of the month. The supports of 24,600 mentioned were broken decisively only to be regained quite quickly.

The premiere event held on December 4 witnessed an overwhelming turnout of fans, which led to a stampede. A 39-year-old woman, Revathi, lost her life in the chaos, and her son, Sri Tej, was severely injured. The minor remains in critical condition, undergoing constant medical care. Authorities arrested three individuals, including the theatre owner Sandeep, in connection with the incident. Allu Arjun himself was taken into custody by the Chikkadapalli police on December 13 for alleged negligence in handling the crowd. Though he was granted interim bail by the Telangana High Court, he had to spend a night in jail due to a delay in processing the bail order.

Allahabad High Court judge Shekhar Kumar Yadav had forsaken even the fig leaf of being above suspicion when he declared that India should function according to the wishes of the 'bahusankhyak' (majority) while attending a VHP event on the Uniform Civil Code. To boot, he even bandied a derogatory term to describe rigid Muslim clerics. While Supreme Court has sought a report on his actions, Yadav should be removed as judge.

The benchmark BSE Sensex gained 843.16 points or 1.04% to settle at 82,133.12, while the broader Nifty 50 index closed at 24,768.30, higher by 219.60 points or 0.89%.