Action Financial News

Life Insurance Corporation of India (LIC), part of the life insurance sector, didn’t have a good run post its listing in May 2022 but a recent breakout from an inverse head & shoulder pattern as well as its falling trendline since its IPO gives an indication that bulls could take control. The stock fell more than 30% from its listing day high. LIC listed on bourses on 17th May 2022 and made a high of Rs 920.

The competition regulator has raised concerns that the merger of pathology companies Australian Clinical Labs and Healius will adversely affect prices, increasing the chance it will eventually knock back a proposed deal to combine the country’s second and third-largest collection centre businesses.

Amit Shah on Thursday spoke to Manipur Chief Minister N Biren Singh, a day after a video of two women being paraded naked in Manipur surfaced, sources said. The home minister is believed to have directed the chief minister to take strict action against those involved in the incident which took place on May 4.

Shree Cement share price declined over 2 per cent in the morning trade on Thursday, a day after the company said the government ordered an inspection of the company. There were reports already claiming that the government had issued inspection orders against the company for alleged tax evasion which the company had denied earlier. Media reports emerged days back on July 11 only that the government issued an inspection order against Shree Cement.

₹92.60 apiece on BSE.  The company in an exchange filing stated that it had received a "Stop Deal" notice from GETCO dated July 13, 2023, which had been physically received by RPAD on July 19, 2023, and that GETCO had decided to stop doing business with the company for a period of three years on the grounds that the company had allegedly submitted forged MDCC relating to certain Transformers supplied by the company under the Contract awarded for supply of total 29 Transformers and 1 Reactor.  The company confirmed further, stating that, as of right now, it has already provided 24 transformers and 1 reactor to GETCO in accordance with the aforementioned Contract. Additionally, based on past conversations about this matter with GETCO, it has successfully completed additional inspection tests in accordance with GETCO's specifications, and the above-mentioned transformers and reactor supplied under the said contract are in use at GETCO.

World Cup game after a gunman killed two people at a downtown construction site in Auckland, roughly 12 hours ahead of co-host New Zealand's match against Norway. Norway's team hotel was located within a short distance of the shooting, which occurred in the tourist area of the city near the harbor ferry terminal. Norway captain Maren Mjelde said teammates were awakened by a helicopter hovering outside the hotel.

Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling more than 5% in after-hours trading. The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that easily topped predictions. Shares of Netflix were down 5.6% after the results at $451 apiece.

Canadian Prime Minister Justin Trudeau met with top officials after the longshore union renewed a 72-hour strike notice after already halting shipments in and out of ports in Canada’s west coast region of British Columbia for nearly two weeks

The State Department says it's imposing sanctions on two former Salvadoran presidents and dozens of other officials and judges in Central America

BBC staff in Cairo have concluded their three-day strike for equal pay with colleagues across the Middle East but threatened future collective action if their demands are not met

By Marisa Taylor

In-N-Out Burger will prohibit its employees from wearing masks in five out of the seven states where it operates. According to leaked internal memos on TWitter, employees in Colorado, Utah, Arizona, Nevada, and Texas will not be allowed to wear masks from August 14 onwards. However, those who have a medical reason for wearing a mask can do so with a medical note.

Mumbai Police has registered an FIR against Italian fashion design brand Valentino, its billionaire founder Valentino Clemente Ludovico Garavani and some officials, based on a complaint filed on behalf of an Indian-American fashion designer, on the directions of a metropolitan magistrate. The magistrate on July 7 directed the police (Matunga police station) to register an FIR, saying a perusal of the complaint and documents annexed by the complainant reveals that «the cognisable offence has been committed by the proposed accused».

Nathan Tinkler says his firm is planning to pay a legal costs order of $240,000 after the business his private company attempted to sue applied to have Tinkler Group wound up.

India’s largest private sector lender HDFC Bank Ltd is working on establishing a more inclusive workplace, enhancing customer service and strengthening digital infrastructure, chief executive officer Sashidhar Jagdishan said on Wednesday. In his message to shareholders in the bank’s annual report, Jagdishan emphasized the importance of fostering a supportive culture to effectively harness talent, potential and capabilities. To achieve this goal, the bank has implemented a managerial behaviour framework based on the principles of nurture, care and collaboration.

Strive Asset Management, the shareholder known on Wall Street for railing against corporate “wokeness" and whose co-founder, Vivek Ramaswamy, is running for president (https://www.wsj.com/articles/the-anti-woke-presidential-candidate-who-wants-to-crush-esg-and-gut-the-fed-a486fdc), is taking aim at fast-food giant McDonald’s over its diversity policies. Strive this week sent a letter to McDonald’s expressing concerns over the way the restaurant operator handles diversity, equity and inclusion.

excel at middle-management jobs are true superstars. When one department or team clearly stands out from the rest, more often than not, it's because of a superstar manager. Once these superstar performers are identified, senior leaders need to do everything in their power to keep them in their jobs.

This week, the UK will see rail strikes as workers demand significantly higher pay raises. From Sunday, workers on London’s fabulous metro are threatening industrial action. Earlier this month, it was the turn of doctors of the National Health Service (NHS), who rejected Prime Minister Rishi Sunak’s offer of a 6% salary hike and are demanding 35% to catch up with what in developed-world terms has been runaway inflation.

NEW DELHI : The Union health ministry is working on a national plan to combat anti-microbial resistance (AMR) that is becoming a public health threat, a government official aware of the matter said. The ministry has formed a high-level committee to develop a National Action Plan Anti-Microbial Resistance 2.0 (NAP AMR), the official said on condition of anonymity. AMR occurs when bacteria, viruses and fungi become immune to medication over time, making it harder to treat ailments.

Here's how analysts read the market pulse: “Asian Development Bank retained forecasts for India's economic growth at 6.4% for FY24 and 6.7% for FY25, citing robust domestic demand that would continue to support the region's recovery. Nse Cash market volumes were lower as compared to recent averages. «Nifty remains in the strong uptrend.

By Valerie Volcovici and David Stanway