Experts Financial News
25.11 / 11:07
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Telangana government refuses to accept Adani's Rs 100 cr donation for Skill University
Revanth Reddy on Monday said the state government will not accept the Rs 100 crore donation announced by Adani Group chairman Gautam Adani for the Young India Skill University being set up in the state. The decision was taken since Adani's announcement gave rise to «unnecessary discussions» that it may appear favouring the state government or the CM, if the donation was accepted, he said while addressing a press conference. He said so far the Telangana government has not accepted a single rupee into its account from any organisation, including Adani Group.
25.11 / 11:07
markets
Provident
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RAI
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bowling
Sam Curran, once most expensive player at IPL, now hardly has any takers at 2025 Auction
Curran, who had base price of Rs 2 crore, was sold to Chennai Super Kings at a meagre Rs 2.40 crore. This is a pay cut of almost 87 per cent for the 26-year-old. Punjab Kings, too, did not use their Right-To-Match for Curran, who has been with the team since 2019.
25.11 / 11:07
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ED attaches Rs 219-cr worth assets in 'Fairplay' portal case
money laundering case against a website that allegedly indulged in online betting on 2023 Lok Sabha election results apart from an illegal broadcast of IPL cricket matches, the agency said on Monday. A provisional order under the Prevention of Money Laundering Act (PMLA) was issued last week (November 22) to attach demat account holdings and immovable assets like land plots, flats and commercial warehouses located at Ajmer (Rajasthan), Kutch (Gujarat), Daman, Thane and Mumbai (Maharashtra) in the case against the portal named Fairplay, it said in a statement. The central agency said Fairplay was involved in «illegal broadcasting of cricket/IPL matches and various online betting activities including results of Lok Sabha Elections 2024.» The total value of these assets is Rs 219.66 crore, the ED said.
25.11 / 11:07
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French energy giant Total says no new investment in Adani till bribe charges cleared
TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. The energy giant said it was not aware of the investigation into the alleged corruption. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd (AEGL) and city gas unit Adani Total Gas Ltd (ATGL). In a statement, the French firm said it learnt of US authorities indicting Gautam Adani and two other executives for allegedly paying USD 265 million bribes to Indian officials to secure solar power supply contracts for AEGL.
25.11 / 10:39
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MET
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Congress accuses Rashmi Shukla of poll code violation; demands EC action
Congress on Monday demanded that the Election Commission take action against IPS officer Rashmi Shukla for allegedly violating the model code of conduct during the Maharashtra assembly elections by meeting Deputy Chief Minister Devendra Fadnavis. The Congress's chief spokesperson, Atul Londhe, claimed Shukla met Fadnavis, the state home minister, when the model code of conduct was in place. The IPS officer reportedly met Fadnavis at his official residence on the evening of November 23, the day votes were counted. Earlier this month, the Election Commission had directed the Maharashtra government to transfer DGP Rashmi Shukla with immediate effect following complaints from political parties, including the Congress.
25.11 / 10:39
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GoM report on GST on health insurance to be placed before Council when received: Finance Ministry
GST on life and health insurance will be placed before the GST Council when received, Parliament was informed on Monday. The issue of exempting/reducing GST on life and health insurance was placed before the GST Council in its 54th meeting on September 9, 2024. After detailed deliberations, the Council recommended constituting a GoM to holistically look into issues pertaining to GST on life and health insurance. Accordingly, a GoM was constituted under the Chairmanship of Samrat Chaudhary, Deputy Chief Minister of Bihar. First meeting of the GoM was held on October 19, 2024 at New Delhi where issues of GST rate on health and life insurance policies were discussed, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha.
25.11 / 10:39
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Satellite images suggest North Korea expanding missile plant, researchers say
The facility, known as the February 11 plant, is part of the Ryongsong Machine Complex in Hamhung, North Korea's second-largest city, on the country's east coast. Sam Lair, a research associate at the James Martin Center for Nonproliferation Studies (CNS), located at the Middlebury Institute of International Studies at Monterey, said the plant was the only one known to produce the Hwasong-11 class of solid-fuel ballistic missiles. Ukrainian officials say these munitions — known as the KN-23 in the West — have been used by Russian forces in their assault on Ukraine.
25.11 / 10:39
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President
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Celebrity
INDIA bloc leaders write to Lok Sabha speaker to let LoPs speak during Constitution Day event
opposition parties of the INDIA bloc have written to Lok Sabha Speaker Om Birla, urging him to allow leaders of the opposition in both Houses to speak during the Constitution Day celebration function. President Droupadi Murmu, Vice-President Jagdeep Dhankhar and Prime Minister Narendra Modi will speak during Tuesday's function in the Central Hall of Samvidhan Sadan to mark the 75th anniversary of the Constituent Assembly's adoption of the Constitution. «We are writing in the context of the function being held tomorrow (Tuesday) in the Central Hall of Samvidhan Sadan to commemorate the 75th anniversary of the adoption of the Constitution of India. We understand that the function will be addressed by the president, vice-president and the prime minister of India,» the letter signed by leaders of various parties said. «We believe that in the best traditions and interests of Parliamentary democracy, the Leaders of Opposition (LoPs) in both Houses should also be given an opportunity to speak on this historic occasion,» it added.
25.11 / 10:39
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social
Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 years
Employees' Provident Fund Organisation (EPFO). However, she stated that as per Para 72(6) of the Employees' Provident Fund Scheme, 1952, certain accounts are classified as 'Inoperative accounts'. She informed the House that as many as 21,55,387 inoperative EPFO accounts had Rs 8,505.23 crore in 2023-24. In 2018-19, there were 6,91,774 inoperative accounts which had Rs 1,638.37 crore.
25.11 / 10:39
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Top INDIA bloc leaders, including Rahul, Tejashwi, may attend Hemant Soren's oath-taking
Hemant Soren government here on November 28, a senior leader of the grand old party said on Monday. In a stunning comeback, Hemant Soren's JMM-led alliance on Saturday stormed to power in Jharkhand for a second consecutive term, winning 56 seats in the 81-member assembly, despite an all-out blitz by the BJP-led NDA, which managed only 24 seats. Soren retained Barhait seat by defeating BJP's Gamliyel Hembrom by a margin of 39,791 votes. «All top leaders of the INDIA bloc are being invited to attend the swearing-in ceremony at Morabadi Ground here on November 28. Leader of the Opposition in Lok Sabha Rahul Gandhi, Trinamool Congress supremo Mamata Banerjee and RJD leader Tejashwi Yadav are likely to attend the event,» the Congress leader told PTI.
25.11 / 07:25
markets
IPO
Provident
security
Analysis
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Solarworld Energy Solutions secures Rs 110 cr in pre-IPO placement round
Solarworld Energy Solutions has raised around Rs 110 crore in a pre-IPO placement round from a clutch of investors including ValueQuest Investment Advisors. With this, the fresh issue component of the company's planned IPO (initial public offering) has been reduced to Rs 440 crore, from Rs 550 crore projected earlier. In a public announcement last week, the solar energy solutions provider said it has allotted 31.24 lakh shares to investors at Rs 352.05 apiece, aggregating the transaction size to Rs 109.99 crore on November 21.
25.11 / 07:25
markets
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Analysis
trends
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Commentary
Share price of Au Small Fin Bank as Nifty
Au Small Finance Bank Ltd. 0.24 per cent to Rs 597.25 in Monday's trade as of 12:52PM (IST). The stock hit a high price of Rs 604.85 and low of Rs 596.50 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 12:52PM shares and turnover at Rs 1.42 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 554.00, respectively.
25.11 / 07:25
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social
hospital
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Videos
cricket
'Surgery and chemotherapy, not haldi & neem': Oncologists dispute Navjot Singh Sidhu's claims about wife's cancer recovery
oncologists from Tata Memorial Hospital have challenged recent claims made by former cricketer Navjot Singh Sidhu regarding his wife's cancer treatment. Sidhu attributed Navjot Kaur Sidhu’s recovery to a diet including turmeric, neem, and intermittent fasting. The oncologists, however, credit standard medical procedures. “Please don’t believe and get fooled by these statements regardless of who it comes from. These are unscientific and baseless recommendations. She got surgery and chemotherapy that were evidence based which is what made her cancer-free. Not the haldi, neem etc.,” stated Dr. Pramesh CS, Director of Tata Memorial Hospital, in a post on X responding to Sidhu's video. Sidhu announced his wife was clinically cancer-free on Thursday, detailing her diet and fasting regimen in a video conference. He claimed these practices helped cure her “incurable” disease.
25.11 / 07:25
markets
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Election
wellness
Trade
Experts
Sensex jumps 3,000 points in 2 days. Can Maharashtra elections wipe away Q2 tears?
Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA's victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. PSU stocks and those linked to the capex theme were the biggest gainers in Monday's session and rallied up to 11% with PSU rail stock RITES leading the charge. PSU bank stocks, led by the Central Bank, surged up to 8% while construction stocks like J.Kumar Infraprojects shot up to 16% during the day.
25.11 / 07:25
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Share price of Tata Power as Sensex gains 1141.35 points
Tata Power Company Ltd. 1.07 per cent to Rs 418.00 at 12:46PM (IST) in Monday's trade. The scrip hit a high of Rs 423.90 and low of Rs 417.25 so far during the session. The stock had closed at Rs 413.55 in the previous session. The counter had a total traded volume of 12:46PM shares so far with a turnover of Rs 10.86 crore on BSE. The stock traded at a price-to-earnings multiple of 35.64 and a price-to-book ratio of 3.89.
25.11 / 07:25
markets
UPS
Google
security
Experts
travelers
Investigations
Google Maps leads three men to death as car plunges from incomplete bridge into river in Bareilly, UP
Ramganga River in Faridpur, Bareilly district. The victims, traveling from Gurugram to Bareilly, were reportedly using Google Maps to navigate from Dataganj in Budaun to Faridpur via Khallpur, unaware of the bridge's condition.
25.11 / 06:29
markets
UPS
ETF
Strategy
Invesco
Experts
performer
PSU equity mutual funds lose up to 17% in three months. Still invested?
mutual funds have offered a negative average return of around 13.34% in the last three months. Five PSU mutual funds have marked their presence in the market over the last three months. Quant PSU Fund lost the most of 17.68% in the last three months. CPSE ETF, the largest PSU fund based on assets managed, delivered a negative return of around 14.85% in the mentioned period.
25.11 / 05:09
markets
Digital
Experts
PAM
country
social
rights
Parliament Winter Session: Ideologies may differ but country is supreme, says Speaker Om Birla
Lok Sabha speaker Om Birla on Monday said that ideologies and expression can differ but the country is always first (supreme). There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions, he added. Differences can exist but people must come together to work for the country, Birla said, adding that differences are the strength of democracy. «On Constitution Day, we need to take inspiration from the debates and discussions of the Constituent Assembly. There were people of different ideologies in the Constituent Assembly, and there were people of different religions too, but the Constituent Assembly had meaningful and positive discussions. The differences were there then also as it is the strength of democracy. We should take inspiration from our traditions and customs so that we can have good discussions in our respective Houses. The differences can exist, but we must come together to work for the country. Ideologies and expression can differ, but the country is always first (supreme),» Lok Sabha speaker Om Birla told ANI.
25.11 / 05:09
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How big fossil-fuel-producing countries export emissions abroad
Alexandria. Activists and local residents accuse the plant operated by the Alexandria Portland Cement Company (APCC), a subsidiary of Greece’s Titan Cement, of fouling the air by burning coal. «Every night, we see particles falling from their chimneys. Under street lights, you can clearly see the dust raining down,» said Mostafa Mahmoud, a grocery store owner in the Wadi al-Qamar neighbourhood.
25.11 / 05:09
markets
UPS
Analysis
Enterprise
Trade
Experts
Updates
Stock market update: Sugar stocks up as market rises
Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.
25.11 / 05:09
markets
Strategy
Experts
PAM
inclusion
innovations
travelers
Yogi government introduces state-of-the-art cruise to elevate Mahakumbh's grandeur
Mahakumbh 2025. This year's Mahakumbh is set to surpass all previous editions, with the inclusion of the Nishadraj cruise in the Sangam area as a notable highlight. Ahead of Prime Minister Narendra Modi's visit, the Nishadraj cruise, managed by the Inland Waterways Authority of India (IWAI), has embarked on its journey from Varanasi to Prayagraj. Equipped with modern amenities, the cruise symbolizes the state's dedication to innovation and excellence. Preparations are in full swing, with VIP vehicles like Kasturba positioned near the Naini Bridge to welcome the cruise. In collaboration with the Prayagraj Mela Authority, the Varanasi administration is leaving no stone unturned to ensure a majestic and memorable Mahakumbh experience for visitors from around the world.
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