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₹102 crore in a search operation conducted at the premises of certain government contractors, real estate developers and their associates on 12 October, the department said in a statement. About 55 premises were covered during the search in the states of Karnataka, Andhra Pradesh, Telangana and New Delhi, the department statement said. The search resulted in seizure of allegedly unaccounted cash of about Rs94 crore and gold and diamond jewellery of over ₹8 crore, aggregating to more than R 102 crore.

Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.

Starboard Value has built a stake in News Corp and the activist shareholder plans to push for strategic and governance changes at the Wall Street Journal parent. Starboard believes News Corp, one of the two arms of Rupert Murdoch’s media empire, trades at a significant discount to its fair market value due to its conglomerate structure, according to people familiar with the matter. Starboard plans to recommend News Corp spin off its digital-real-estate division, which includes a stake in Australian online-property-site operator REA Group and Realtor.com parent Move Inc.

₹86. WomenCart, founded in 2018, is an online retail platform that offers a diverse selection of beauty brands and wellness goods for men and women's skin care, hair care, and body care.

Nope. No way. Nah.

By Nell Mackenzie

Investment bank UBS began sounding fund managers for Liontown Resources’ emergency equity raising on Monday evening, after Albemarle yanked its $6.6 billion bid for the lithium explorer before market open.

PVR INOX has launched a subscription service named 'PVR INOX Passport', in which moviegoers can watch up to 10 movies each month for a fixed monthly subscription fee of Rs 699 per month. The new service is available from October 16. The offer is valid for movie screenings on weekdays from Monday to Thursday.

Middle East have taken note of three events that many believe may be linked to biblical prophecies about the end of the world. The speculations started The Mirror published an article recently. Event No. 1: The Birth of a Red Cow in Israel The first event that has raised eyebrows involves the birth of a red cow in Israel after 2,000 years.

Lithium explorer Liontown Resources is expected to tap both debt and equity capital markets to fund its flagship Kathleen Valley project, after its NYSE-listed suitor Albemarle folded its cards on Monday morning.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the infra play has got a little stretch in valuation. It is time for consumption to pick up. Because so far, whatever consumption has picked up has been premium consumption – be it premium housing, cars with prices over Rs 7 lakh. I think the mass consumption is yet to pick up. Come election year with liquidity floating in the market, this festival season numbers will also come in. It is a delayed festival season with Diwali coming only mid-November.” Where are your investments, apart from Sundaram Mutual Funds? Nothing apart from Sundaram Mutual Funds. Everything is in Sundaram.

Sandip Sabharwal, asksandipsabharwal.com, says “among the stocks that are in the value zone on the consumer side, something like Voltas and Aditya Birla Retail. We are accumulating these two stocks on every dip because I think the downside is limited. Near-term upside, I am not very sure about but over the next one and a half year, we should be able to get 25-30% out of these stocks. ” I have always been an SBI bull because I am fascinated with what they have done, not only in terms of managing the branch networks but also in terms of the digital app, Yono. Do you think one should get slightly myopic and look at NIMS and pressures on retail spreads and get bearish on the stock or is SBI something which will continue to surprise us? NIMs compression has been known, it is something which is out in the open and everyone knows that there is going to be NIMs compression.

As the popularity of SIPs or Systematic Investment Plans — a monthly mode of investing in mutual funds — continues to soar with retail investors faithfully pumping money into actively managed equity-oriented schemes at a record pace every month, some market participants are raising doubts about whether this mode of investing in its current form is facing the risk of losing its edge. While the concept of SIPs broadly implies spreading investments across a period, it has become synonymous with regular equity mutual fund investing thanks to the reliable systems put in place by asset managers and the smart marketing push by the industry. The numbers are evident. In September, mutual funds' SIP monthly book crossed ₹16,000 crore for the first time. This was about ₹3,700 crore in the same month of 2016. In 2020, the monthly SIP flows were around ₹7,800 crore. Retail investors love the simplicity of this investing method partly thanks to increased digitisation. A roaring equities bull market has also fuelled their interest.

HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, ICICI Securities Shares of HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, and ICICI Securities will be in focus as the companies will announce second quarter results. DMart Avenue Supermarts reported a net profit of Rs 623 crore for the quarter ended September, which was down by over 9% year-on-year. Dalmia Bharat Dalmia Bharat has reported net profit of Rs 124 crore in the second quarter, while revenues stood at Rs 3,149 crore. Read more: Here's the trade setup for today's session Adani Enterprises Adani Enterprises said its two subsidiaries Mumbai International Airport and Navi Mumbai International Airport have received notices by the ministry of corporate affairs relating to initiation of investigation of books of accounts and other books and papers. Persistent Systems Persistent Systems has appointed Ayon Banerjee as the company’s chief strategy and growth officer with effect from October 13, 2023. Tata Motors Ahead of the IPO, parent Tata Motors will sell 9.9% stake in Tata Technologies for about Rs 1,614 crore. TPG Rise Climate will pick up about 9% stake in the transaction, which valued Tata Technologies at Rs 16,300 crore ($2 billion). Tata Steel Long Products Tata Steel Long Products has reported a net loss of Rs 136 crore in the second quarter.

Navi’s privacy policy Navi offers a variety of mutual fund schemes, with focus on passive investing. Its index funds are some of the cheapest in India—its equity funds have performed well in recent years. The firm also offers products like cash loans, home loans, and insurance.

default bail' to R K Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case. Additional Sessions Judge Devender Kumar Jangala dismissed the application moved by Arora which argued he should be granted bail since the central probe agency had filed an 'incomplete charge sheet' against him.

Payments outfit Cuscal has appointed retail brokers, as it progresses plans to raise up to $378.4 million in what’s slated to be the year’s second-largest initial public offering.

What are the live-in nannies slipping into the morning OJ of corporate Australia at the moment? Everyone’s sucking on epiphanies.

Foreign investors have pulled out nearly Rs 9,800 crore from Indian equities this month so far owing to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. This came after Foreign Portfolio Investors (FPIs) turned net sellers in September and pulled out Rs 14,767 crore. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.

World Cup league match between India and Pakistan. Amongst the arrivals were Sajjan and Parth Jindal of JSW, Anshuman Ruia of the Essar Group, Sanjiv Goenka of the RP Sanjiv Goenka group and the MRF clan: KM Mammen, Rahul Mammen & Arun Mammen.

Sunteck Realty on Saturday reported a 17 per cent growth in its sales bookings to Rs 395 crore in the second quarter of this fiscal year on better housing demand.