BLOCK Financial News

Shriram Properties rose nearly 6.68% to ₹126.95 apiece on Tuesday’s trading session. At 15:10 IST, the stock surged 10.63%, an intraday high to ₹128.50 per share on December 5. The shares recorded a substantial surge following a block deal that involved 16.80 million shares, equivalent to a 10 percent stake in the company, with a total value of ₹214 crore, according to a Bloomberg report.

shots fired shook a Washington, D.C, suburb Monday and destroyed the home. All officers escaped serious injury but it was unclear what happened to the suspect who was inside the home when it was leveled by the explosion, Arlington County, Virginia, police spokesperson Ashley Savage said. Officers went to the home at about 4:45 p.m. after receiving reports of shots fired.

BEIJING — More controls on tech exports to China will be coming as needed, despite business concerns, U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview.

Swan Energy jumped over 9% to the day's high of Rs 457.10 on the NSE on Tuesday while those of Sanghi Industries soared 5% to Rs 129.25 following separate block deals. In the case of Swan Energy, 8,499,319 shares were sold for Rs 414 per share according to the information available on the NSE. The stock saw significant volume action following the deal with nearly 87 lakh shares changing hands on the NSE around 10:10 am. The stock is trading near its 52-week high of Rs 463.80 which it hit on November 12, 2023.

By Valerie Insinna and Joanna Plucinska

HCL Tech: HCL Investments UK, the step-down wholly-owned subsidiary of HCL Technologies, has signed a Memorandum of Understanding with its joint venture partner, State Street International Holdings, for selling the entire 49% equity stake in the JV to State Street for $170 million, plus net book value. JSW Infra: JSW Infrastructure, part of the JSW Group, has acquired a stake in PNP Maritime Services (PNP Port) in Maharashtra's Raigad through its subsidiary, JSW Dharamtar Port. The estimated enterprise value of PNP Port is around ₹700 crore.

Mamaearth Venture capital fund Fireside Ventures Investment Fund plans to sell a partial stake in Mamaearth parent Honasa Consumer through block deals on Tuesday, according to reports. Read more: Here's the trade setup for today's session JSW Infra JSW Infrastructure, India’s second largest commercial port company, has signed a share purchase agreement with SP Port Maintenance, a Shapoorji Pallonji Group company, to acquire majority shareholding of PNP Maritime Services (PNP Port). Max Financial Analjit Singh has resigned as Chairman of Max Life Insurance, the material subsidiary of the Max Financial Services. Bank of India Bank of India is likely to launch qualified institutional placement of Rs 3500-4000 crore, CNBC TV18 reported. HCL Tech HCL Tech arm HCL UK to sell 49% stake in joint venture to State Street for $170 million plus net book. The transaction is expected to be completed in the second calendar quarter of 2024. DCB Bank DCB Bank to consider fund infusion by promoter Aga Khan on December 8.

Osmosis and UX Chain are preparing to merge in a move that seeks to create a comprehensive DeFi hub.

Fireside Ventures Investment Fund plans to sell its partial stake in Mamaearth parent Honasa Consumer through block deals on Tuesday, according to reports. The VC firm is offering 61 lakh shares or 1.9% stake in the personal care products maker.

By Stephen Nellis

IBM on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now. Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far faster than classical silicon-based computers. The challenge has been to create quantum computers that are reliable enough in the real world to consistently beat conventional computers.

Origin Energy Ltd. rejected a A$19.1 billion (US$12.8 billion) Brookfield Asset Management Ltd.-led takeover, after the fund’s yearlong pursuit of a utility that’s vital to Australia’s energy transition.

artificial intelligence and deepfakes. Deepfakes are videos or images that are created using Artificial Intelligence (AI)-powered deep learning software that show people saying and doing things that they didn't say or do. A bench headed by Acting Chief Justice Manmohan observed that technology cannot be «reined in» and the issue raised by the petitioner required deliberations which only the government could undertake.

Lalduhoma secured a clear victory in the Serchhip Assembly constituency of Mizoram. Lalduhoma is the chief ministrial candidate from the ZPM. He was pitted against MNF debutant J Malsawmzual Vanchhawng.

Inox Wind Energy Ltd (IWEL) on Monday said it has infused Rs 800 crore into Inox Wind Limited (IWL) and the subsidiary company will utilise the amount to clear a portion of its outstanding debt. IWEL had earlier raised Rs 800 crore through sale of equity shares of Inox Wind through block deals on the stock exchanges.

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A French court has acquitted the individuals accused of orchestrating the $8.5 million hack on Platypus Finance, an automated market maker (AMM) protocol on the Avalanche blockchain.

Bill Blair says he is committed to pushing for increased investment in the Canadian Armed Forces (CAF) after two top commanders sounded the alarm recently on operational readiness.Last week, Chief of the Defence Staff Gen. Wayne Eyre said military resources are strained amid increased calls for assistance in natural disasters and recruiting challenges.On The West Block, Blair told host Mercedes Stephenson that how the government addresses these challenges is part of an ongoing discussion.“We have brought forward a plan that’s very much in discussion right now within our government about making significant new investments,” Blair said.“We’re going to do more.

artificial intelligence (AI) in check, six sources told Reuters. As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for December 6, 'foundation models', or generative AI, have become the main hurdle in talks over the European Union's proposed AI Act, said the sources, who declined to be identified because the discussions are confidential.

LIC State-owned insurer LIC said it has amended a framework to allow the induction of shareholders' directors on its board. Granules Granules India announced that the USFDA has approved its Abbreviated New Drug Application, filed by Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension. Read more: Here's the trading setup for today's session DHFL Appleate Tribunal NCLAT upholded National Financial Reporting Authority orders on DHFL branch auditors and dismissed appeals. It found no error in NFRA orders on DHFL branch auditors. HUL HUL appointed former revenue secretary Tarun Bajaj as an Independent Director of the company for a term of five consecutive years with effect from December 1. Hero MotoCorp Hero MotoCorp reported total sales of 4.91 lakh units in the month of November, which were up 26% year-on-year.

By Scott Murdoch