Experts Financial News

29.11 / 09:45

markets Digital Experts Justice PAM reports Courts Supreme Court stays Madras High Court order restoring DA case against former Tamil Nadu CM Panneerselvam, kin

O Panneerselvam, the Supreme Court on Friday stayed an order of the Madras High Court restoring a disproportionate assets (DA) case against him and his family members. A bench of Justices Hrishikesh Roy and S V N Bhatti issued notice to the Tamil Nadu police and others on a plea filed by Panneerselvam. «In the present matter concerned, the challenge is to the impugned order of single judge of the High Court judicature at Madras exercising powers of suo motu criminal revision, under Section 397 of the Code of Criminal Procedure Code, 1973. Issue notice,» the bench directed.

29.11 / 09:45

markets Digital Strategy Hyundai Experts information reports Hyundai Motor India refutes claims of Rs 7,300 crore fine over emission breach

Hyundai Motor India denied the media reports claiming that the company, along with other automobile manufacturers like Mahindra and Kia, could face a penalty of Rs 7,300 crore for breaching fleet emission levels. Hyundai refuted the reports and said that they are based on «extrapolations» that are not grounded in facts. The company pointed out that the articles were based on an incorrect assumption—that the 2022 amendments to the Energy Conservation Act, 2001 (EC Act), which impose stricter penalty norms, were in effect before January 1, 2023. According to HMIL, the new regulations only came into effect at the start of this year, and any claims of penalties prior to that are «fictional» and unsupported by the law.

29.11 / 09:45

markets IPO Booking Waters Trade Experts performer Enviro Infra Engineers sees profit booking after a solid debut. What should investors do?

Enviro Infra Engineers made a strong debut at the bourses on Friday, which exceeded the Street expectations. The stock listed at nearly 49% premium over the issue price. Post the listing, however, there were signs of some profit booking, sending the shares down 5%. This solid performance was driven by the company's strong fundamentals, strong investor response for the IPO and the positive sentiment surrounding the water and wastewater treatment sector.

29.11 / 09:45

markets Digital Experts Monarchy 2020 reports Investigations Prince Harry-Meghan Markle's 'slap in the face to monarchy' investigated in new bombshell documentary. Check release date

According to reports, the documentary will air on December 3 at 8.15 pm and will shed light into Harry and Meghan’s life in Montecito and their quest for relevance after they stepped down from the royal family back in 2020.

29.11 / 09:45

markets UPS Digital Sustainability awards Experts Builders, financial institutions bullish on realty sector growth; future sentiment score improves

Knight Frank and NAREDCO. Real estate consultant Knight Frank and realtors' body NAREDCO on Friday released 'Real Estate Sentiment Index Q3 2024 (July-September 2024)', highlighting continued optimism in the realty sector. There was a marginal dip in the current sentiment score, which stands at 64, down from 65 in the April-June period. However, the future sentiment score improved to 67, up from 65 in the previous quarter, signalling rising confidence in the sector's growth over the next six months.

29.11 / 09:45

markets Digital Google Strategy Experts AVP Saturday bank holiday: Are banks open or closed this Saturday, November 30?

Every year, the Reserve Bank of India announces holidays for banks in three categories: the Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and Banks' Closure of Accounts.

29.11 / 09:45

markets Digital Strategy Experts social Videos Colleges Bengaluru Viral Video: Landlord denies flat to 20-year-old woman for being too young, Triggers online debate

Bengaluru recently shared her experience of being rejected for a flat due to her age, sparking both sympathy and criticism on social media. Naina, who had been looking for an apartment in the city, was turned down by a potential landlord after visiting a flat she liked. In an attempt to highlight her strengths as a flatmate, Naina created a PowerPoint presentation to showcase her best qualities.

29.11 / 08:59

markets COST Cigna Trade Experts reports LIC shares climb over 5% after acquisition clarification; well-positioned for bancassurance regulatory shifts

Life Insurance Corporation of India surged as much as 5.1% on Friday to Rs 987.50 on BSE after the state-run life insurer clarified media reports suggesting it was in talks to acquire a significant stake in ManipalCigna Health Insurance. The clarification reinforced LIC's ongoing commitment to expanding its business, particularly in the health insurance sector. The clarification also came amid a background of growing concerns in the insurance sector over potential regulatory changes in bancassurance, an area where LIC remains better positioned compared to its peers.

29.11 / 08:59

markets UPS Digital Strategy Experts PAM reports States’ budgeted revenue mop-up in 2024-25 to beat pre-Covid level: PRS report

central transfers, according to a report by PRS Legislative Research. States have budgeted their combined revenue mop-up at 14.3% of gross state domestic product (GSDP) for 2024-25, compared with 13.3% in the last fiscal and 13.8% in the pre-Covid year of 2018-19, the report said. While the pandemic flared up in India in 2020-21, it did impact economic output towards the end of 2019-20, especially in the wake of a lockdown in late March in 2020, although the slowdown had set in before the Covid onslaught.

29.11 / 08:59

markets Digital Strategy Experts PAM social Courts Kolkata: ED arrests two promoters of Prayag group in chit fund scam

money laundering case, the agency confirmed on Friday. The special CBI court granted 10 days custody of both the accused. According to ED, the duo are alleged to be involved in a chit fund scam, and is accused to defrauding the public by collecting deposits worth Rs 2,800 crore under false promises.

29.11 / 08:59

markets Digital Election Experts Justice Schools Courts 'Colonial mindset': Supreme Court schools bureaucrats for mistreating sarpanches, discriminating against women

Supreme Court has strongly criticised the ongoing tendency among bureaucrats to override the authority of elected representatives, particularly women, in grassroots democratic institutions such as panchayats. In a significant ruling, the top court said that administrative officials must actively support and promote women's participation and leadership in governance, rather than suppressing them with a colonial mindset. A bench led by Justices Surya Kant and Ujjal Bhuyan voiced concern over the recurring pattern of bureaucratic interference, where elected women representatives are often subjected to unfair treatment.

29.11 / 08:59

markets Digital Entertainment Strategy Food Experts PAM 'Prasad' in temples: SC refuses to examine plea raising food quality concerns

«We are not inclined to entertain the present petition in as much as the prayers made in the petition are within the domain of policy of the state,» the bench noted, «if the petitioner so desires, he may make an application to the appropriate authority which would be considered in accordance with law». The petitioner's counsel asserted that the PIL did not seek publicity while referring to news reports over people falling ill after the consumption of food offerings or «prasad» at various temples.

29.11 / 08:59

markets Digital Booking Strategy Experts PAM travelers Dubai's new visa rules complicate travel for Indians staying with relatives

Dubai are causing concern, especially for those planning to stay with family. Travelers now need to provide their host's rental agreement, Emirates ID, residence visa copy, and contact details during the visa application process. These changes coincide with the start of the Dubai Shopping Festival (Dec 8-Jan 14), a popular event for Indian tourists. The new rules also require hotel booking documents and return ticket details for all Indian tourists. However, the added documentation for those staying with relatives is proving difficult.

29.11 / 08:59

markets Digital SUN Strategy Experts PAM Updates NFO Update: Aditya Birla Sun Life Mutual Fund launches conglomerate fund

Aditya Birla Sun Life Mutual Fund has announced the launch of the Aditya Birla Sun Life Conglomerate Fund, an open-ended diversified equity scheme following the conglomerate theme. The New Fund Offer (NFO) of the scheme will open for subscription on December 5 and close on December 19. The scheme will reopen for continuous sale and repurchase within five business days from the date of allotment. The scheme's investment objective is to achieve long-term capital appreciation by investing in equity and equity-related securities of companies that follow a conglomerate theme. The scheme will be benchmarked against the BSE Select Business Groups Index and will be managed by Harish Krishnan and Kunal Sangoi.

29.11 / 08:55

awards film Experts Universities War show Women in STEM: The times they are a-changing

Subscribe to enjoy similar stories. Remember the Manhattan Project? That little undertaking that gave us the atomic bomb and changed the course of World War II? While Oppenheimer was busy getting the spotlight (and now a Christopher Nolan movie), hundreds of women scientists were quietly at work behind the scenes. These women worked as mathematicians, chemists and physicists on the project that ultimately led to the development of the atomic bomb.

29.11 / 07:29

Booking security economy Research Trade President Experts Donald Trump's call for 'energy dominance' is likely to run into real-world limits

President-elect Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world

29.11 / 07:11

markets UPS Art Gap Trade Experts Pidilite Ind shares 0.31% as Sensex

Pidilite Industries Ltd. traded at Rs 3054.95 on BSE at 12:37PM (IST) on Friday, 0.31 per cent from previous close. The scrip quoted a 52-week low price of Rs 2475.15 and a high of Rs 3414.40.

29.11 / 07:11

markets IPO wellness Trade Experts information reports Orkla said to consider $400 million IPO of Indian business

Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public. The Oslo-based company is working with advisers on the potential share sale, the people said. It could seek a valuation of over $2 billion for the unit, one of the people said.

29.11 / 07:11

markets Analysis MSCI Trade Experts country information IT stocks stand out as Trump win boosts spending bets

Indian IT service providers’ stocks are poised for a further run-up after a recent rally, bucking the weak sentiment in other sectors as Donald Trump’s return generates expectations of a stronger dollar and greater tech outsourcing. A benchmark gauge of the industry, led by India’s IT export stalwarts like Infosys Ltd. and Tata Consultancy Services, has risen about 7% in November, outperforming other sectors in the country. It’s also outpacing competitors elsewhere in the region, with MSCI Asia Pacific Information Technology Index falling about 3% this month.

29.11 / 06:27

markets Art security Analysis Research Trade Experts Voltas shares 0.27% as Nifty gains

Voltas Ltd. rose 0.27 per cent to Rs 1644.00 in Friday's trade. It hit an intraday high of Rs 1662.35 and low of Rs 1644.00, respectively, during the day. The stock quoted a 52-week high price of Rs 1946.20 and low of Rs 811.50.

29.11 / 06:27

markets Art Analysis Research Trade Experts show Share price of Au Small Fin Bank as Sensex gains 665.53 points

Au Small Finance Bank Ltd. 0.57 per cent to Rs 582.55 at 11:42AM (IST) in Friday's trade. The stock has hit a high of Rs 591.80 and low of Rs 582.00 so far during the session. The stock had closed at Rs 585.90 in the previous session. The counter has had a total traded volume of 13419 shares so far with a value of Rs 0.79 crore on the NSE. It traded at a price-to-earnings multiple of 23.81 and a price-to-book ratio of 0.00.

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