Experts Financial News
16.12 / 15:17
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Regulatory action against Nidhis, non-disclosure of beneficial ownership jump
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.
16.12 / 15:17
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Schools
Co-parenting with a twist? Here's what Jennifer Garner, Ben Affleck and Jennifer Lopez are seemingly doing
Ben Affleck, Jennifer Garner, and Jennifer Lopez, with a twist, appear to be co-parenting together. Despite the reported tension, Ben Affleck, Jennifer Garner, and Jennifer Lopez all came together for a very endearing co-parenting moment in a genuinely surprising move. The fact that this co-parenting moment was between Lopez's child Emme and Garner and Affleck's child Seraphina, who are reportedly closer than ever even after the divorce, makes it extra-sweet, as quoted in a report by SheKnows.
16.12 / 15:09
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Waters
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72% of urban wastewater in India flows into water bodies, land untreated: Report
Centre for Science and Environment. India's urban water crisis could ease if all the wastewater is treated and reused, the report released here on Monday said. Rajiv Kumar Mital, Director General of the National Mission for Clean Ganga (NMCG), said, «Using and disposing of treated water without harnessing its potential means we are losing out on utilising an important resource. The challenge is to scale up and ensure that the work we do in this sector is impactful.» Centre for Science and Environment (CSE) Director General Sunita Narain said India faces significant water scarcity challenges due to rapid urbanisation, industrial growth, population expansion and, most importantly, climate change.
16.12 / 15:09
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US factory activity slumps further in December as tariffs loom
S&P Global said on Monday that its flash manufacturing PMI dropped to 48.3 this month from 49.7 in November. Economists polled by Reuters had forecast a flash reading of 49.8. A PMI reading below 50 indicates contraction in manufacturing, which accounts for 10.3% of the economy. A gauge of production at factories declined to 46.0, the lowest level since May 2020, from 47.9 in November.
16.12 / 15:09
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UPS
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Can UN summits save the planet? A faltering year of talks brings up questions about the process
In the past few months United Nations-sponsored negotiations to tackle climate change, plastic pollution, loss of global species and a growing number of deserts have either outright failed or come out with limited outcomes that didn't address the scale of the problems. It's been three years since activist Greta Thunberg dismissed global talks as «blah-blah-blah,» which became a rallying cry for young environmentalists. «If you are not feeling some kind of grief about what's going on, you're obviously not understanding what's going on,» said climate negotiations veteran analyst Alden Meyer of the European think-tank E3G. He said he's been watching humanity «collectively fail as a species.»
16.12 / 15:09
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Barcelona
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Isak Andic, billionaire founder of clothing brand Mango, died a tragic death; here's what happened
Isak Andic who was the founder of the European fashion company Mango and also a billionaire eventually passed away at the age of 71 following a tragic accident, reported Business Insider. According to Business Insider, Mango CEO Toni Ruiz revealed that Isak Andic died when he suffered a fall into a ravine while he was hiking with his family in the caves of Salnitre which are located near Barcelona. Toni Ruiz with a very heavy heart and immense sadness also praised about Isak Andic by saying that his strategic vision and leadership he left an indelible mark on the company and thus embodied its core values. Also Read: Once friends now foe: A-list celebrities who once partied with Diddy now dissociate with the rapper; here are the stars who have befriended him
16.12 / 15:09
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Schools
Canada's finance minister resigns after policy clash with PM Trudeau
Justin Trudeau about the best path forward for Canada. Freeland quit just hours before she was due to present a fall economic update to parliament, a document widely expected to show the Liberal government had run up a much larger 2023/24 budget deficit than planned. «For the last number of weeks, you and I have found ourselves at odds over the best path forward for Canada,» Freeland said in a letter to Trudeau posted on X.
16.12 / 15:09
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Election
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rights
Treasury Benches raise Emergency, misuse of Art 356 by Congress, Opp says institutions being misused under NDA rule
The Opposition members alleged that several key safeguards of the Constitution are being breached today under NDA rule, leading to encroachments on the rights of minorities, toppling of elected governments and misuse of the office of governor. Intervening in the debate, Union Minister Hardeep Puri emphasized that Article 370 that gave special status to Jammu and Kashmir was an aberration and against the very idea of India while Article 35A was implemented “quickly and quietly” without the consent of Parliament. Praising the “indomitable courage and resolve” of Prime Minister Narendra Modi, he said Article 370 was abrogated despite apprehensions by some that doing so will be akin to playing with fire.
16.12 / 15:09
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IT industry boosts freshers' hiring as growth resumes
Expansion of the workforce base will also directly stabilise margins with the operating metrics such as utilisation and offshore mix at near peak levels for most software service providers. Experts say this is a key pillar for margin upside and companies are hiring freshers and investing in training facilities to stabilise the pyramid structure after a lull of the past almost two years.
16.12 / 15:09
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MFN status suspension by Switzerland not to impact EFTA trade pact with India: Commerce Secy
Double Taxation Avoidance Agreement (DTAA) will not have any impact on the commitments signed in a trade agreement between India and the EFTA bloc, a top government official said on Monday. The Swiss government has suspended the most favoured nation (MFN), which could potentially impact Swiss investments in India and lead to higher taxes on Indian companies operating in the European nation. India and the four-nation European Free Trade Association (EFTA) signed the agreement in March. Its members are Iceland, Liechtenstein, Norway, and Switzerland.
16.12 / 14:33
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social
Elon Musk's one-word response to Indian-origin CEO's green card query sparks debate on US immigration. See viral post
The Indian-origin entrepreneur posed a simple yet thought-provoking question on X (formerly Twitter): “I think I should get a green card. Wdyt?”. And this wasn't just the only query. Srinivas, a graduate of IIT Madras and PhD holder from UC Berkeley, revealed that he has been waiting for his green card for three years. Known for his sharp, quirky and concise remarks, billionaire Elon Musk replied to the post with a straightforward “Yes.” The exchange quickly gained traction, with netizens, industry leaders, and Musk’s followers weighing in on the broader issue of US immigration policies.
16.12 / 14:33
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Investigations
mountaineering
12 Indians found dead at restaurant in Georgia's mountain resort of Gudauri: Indian mission
carbon monoxide poisoning, local media reported, citing police. The Indian mission in Tbilisi said that all 12 victims were Indian nationals. However, Georgia's internal affairs ministry statement said 11 were foreigners while one victim was its citizen. It added that the bodies of all victims, employees in the same Indian restaurant, were found in bedrooms on the second floor of the facility.
16.12 / 14:33
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Diversity
Tata Steel starts an all-women shift at Noamundi iron mine
Tata Steel has rolled out an all-women shift at its Noamundi iron mine in Jharkhand. This shift will comprise women employees for all the mining activities of the shift including Heavy Earth Moving Machinery (HEMM), shovel, loader, drill, dozer operators, and shift supervision. «This initiative, India’s first, underscores the company’s unwavering commitment to creating an equitable workplace and empowering women in traditionally male-dominated industries,» the company stated in a press release. “This all-women shift represents a landmark achievement not only for Tata Steel but also for the Indian mining industry....We are proud to lead this change and will continue to create more opportunities for women specially in our mining ecosystem. This initiative marks a significant addition to the 100 glorious years of mining at Noamundi," D B Sundara Ramam, vice president, raw material, Tata Steel said as stated in the release.
16.12 / 14:33
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information
HDFC Bank gets another warning letter from Sebi, second in a week
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.
16.12 / 14:33
markets
Digital
Experts
social
reports
Relationships
Sean ‘Diddy’ Combs and Ashton Kutcher stopped partying together after actor started dating this star and it's not Mila Kunis
Ashton Kutcher shared a close friendship marked by frequent partying. However, their bond changed when Kutcher's relationship with Demi Moore began, leading to the end of their clubbing days, as per reports. In the early 2000s, Combs and Kutcher, alongside Jamie Foxx, regularly went out together. Combs described them as a modern-day «rat pack» with shared nights at clubs and entertainment events. The dynamic shifted in 2003 when Kutcher began seeing Demi Moore. Combs recalled an early conversation where Kutcher expressed that he had fallen in love with Moore. After this, their regular outings stopped, media reports said.
16.12 / 12:27
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Food
trends
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inclusion
Zomato to see $513 million inflow after Sensex inclusion next week: Nuvama
Zomato is projected to witness inflows of about $513 million next week as the food delivery giant is set to enter BSE Sensex’s 30-share frontline index on December 23 as part of the planned rejig, brokerage firm Nuvama said. The food delivery giant’s index inclusion would make Zomato the first new-age tech stock to enter the 30-share frontline index. Meanwhile, JSW Group’s shares will exit the index as part of the planned rejig to make way for Zomato.
16.12 / 12:05
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Pharmaceuticals
Mint Explainer: Why Switzerland withdrew MFN status in its tax treaty with India
Subscribe to enjoy similar stories. Switzerland has suspended the Most-Favoured-Nation (MFN) clause in its Double Taxation Avoidance Agreement (DTAA) with India, significantly altering the tax treatment of cross-border dividends. Beginning 1 January 2025, dividend payments from Swiss entities to Indian investors will be taxed at 10%, double the current 5%.
16.12 / 08:47
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Ashok Leyland shares 0.36% as Sensex falls
Ashok Leyland Ltd. traded 0.36 per cent at Rs 232.85 at 01:54PM (IST) on Monday, even as BSE benchmark Sensex 400.35 points to 81732.77. The stock had closed at Rs 232.00 in the previous session. The stock quoted a 52-week high price of Rs 264.70 and 52-week low of Rs 157.65, respectively. As per BSE data, total traded volume on the counter till 01:54PM (IST) stood at 574797 shares with a turnover of Rs 13.28 crore.
16.12 / 08:47
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security
Analysis
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Colgate-Palmolive
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Share price of Colgate-Palmolive as Nifty
Colgate-Palmolive (India) Ltd. 1.37 per cent to Rs 2831.35 in Monday's trade as of 01:59PM (IST). The stock hit a high price of Rs 2899.95 and low of Rs 2827.30 during the session. The return on equity (ROE) for the stock stood at 70.54 per cent. Traded volume on the counter stood at 01:59PM shares and turnover at Rs 0.69 crore around that time. The stock of Colgate-Palmolive (India) Ltd. quoted a 52-week high price of Rs 3893.00 and 52-week low prices of Rs 2350.65, respectively.
16.12 / 08:47
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security
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recommendations
Oberoi Realty shares rally 6% to record high as Axis Securities initiates coverage with 'buy' rating
Oberoi Realty shares surged as much as 6.3% on Monday to a record high of Rs 2,250.65 on BSE after brokerage firm Axis Securities initiated coverage on the real estate developer with a 'buy' rating, at a target price of Rs 2,560, implying an upside of about 14% from current levels. The brokerage said that its recommendation is underpinned by the company’s strong positioning in Mumbai’s luxury real estate market, a growing annuity income stream, strategic geographic expansion, and solid financial fundamentals.
16.12 / 08:11
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Manufacturing
Sustainability
Food
Trade
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performer
Aaradhya Disposal Industries files DRHP for IPO with NSE Emerge
Aaradhya Disposal Industries, a manufacturer and exporter of high-quality paper products, announced filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering comprises a fresh issuance of 36,96,000 equity shares, each with a face value of Rs 10. Khambatta Securities is the sole book running lead manager to the Issue, and Bigshare Services Private is the registrar.
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