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Shoppers Stop on Tuesday reported a consolidated net loss of Rs 20.59 crore in the second quarter ended September 30, 2024 on account of muted demand. The company had posted a net profit of Rs 2.73 crore in the July-September period a year ago, according to a regulatory filing from Shoppers Stop. However, its total income was up 7.13 per cent to Rs 1,124.62 crore during the quarter under review. It was Rs 1,049.70 crore a year ago.

election law, and legal experts are divided about whether the billionaire supporter of Donald Trump could be running afoul of prohibitions on paying people to register to vote. The Tesla CEO is promising to give $1 million each day to a randomly selected person who signs his online petition pledging to support the First and Second amendments of the U.S. Constitution, which protect the rights to free speech and gun ownership. The petition is only open to signatories who are registered voters in seven swing states likely to decide the presidential election. «There is certainly an argument that this falls within the scope of a federal prohibition on paying a person to vote or register to vote,» said Daniel Weiner of the left-leaning Brennan Center for Justice. «This is part of a pattern of him skating up to the edge of election laws that we've seen in the past several weeks.» Musk's representatives did not immediately respond to requests for comment.

Surgery schedules around the country may be washed out for several more weeks while a crucial IV and sterile fluids factory remains closed after a hurricane-related shutdown

Adani Group's power transmission arm Adani Energy Solutions Ltd (AESL) on Tuesday said it has received a notice from Securities and Exchange Board of India (Sebi) alleging wrongful categorisation of certain investors as public shareholders. The company in its filing to exchanges has said that it will respond to regulatory and statutory authorities by providing relevant information/clarifications. «During the current quarter, an SCN (show-cause notice) has been received alleging wrongful categorization of shareholding of certain entities as public shareholding and consequences therefrom,» AESL said. «The company will respond to the regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as applicable, in the due course of time.»

Godavari Biorefineries Ltd on Tuesday said it has raised over Rs 166 crore from anchor investors, a day before its initial share-sale opening for public subscription. Marquee investors who participated in the anchor book included HDFC Mutual Fund, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte Ltd, Societe General and SBI General Insurance, according to a circular uploaded on BSE website. As per the circular, Godavari Biorefineries allocated 47.28 lakh equity shares to 19 funds at Rs 352 apiece, which is also the upper price band of the IPO. This translates into a transaction size of Rs 166.42 crore.

“This price rise will impact the demand for silver during the Dhanteras-Diwali period and volume-wise it may drop by 15-20 per cent,” said Surendra Mehta, national secretary of India Bullion & Jewellery Association (IBJA).

Indus Towers reported a 71.7% on-year jump in net profit to Rs 2,224 crore for its fiscal second quarter, on the back of strong tower additions and steady collection of past overdues from Vodafone Idea (Vi). Quarterly revenue grew 4.7% on year to Rs 7,465 crore in the July-September quarter.

Silver prices have touched the Rs 1 lakh per kg mark in Delhi-NCR’s bullion markets, rising by over 3% or Rs 8,200 in just three weeks. Commodity experts expect a 3-5% increase in prices in the run-up to Dhanteras. Meanwhile, on the MCX, the December Silver contracts hit a new lifetime high of Rs 99,475, gaining by Rs 2019 or over 2%. The March 2025 futures were trading at Rs 1,01,688, gaining by Rs 1,847 or 1.85%.

equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks on Tuesday, dragged down by slowing corporate earnings and ongoing foreign selling. The NSE Nifty 50 fell 1.25% to 24,472, while the BSE Sensex shed 1.15% to 80,220. Both benchmarks gained approximately 0.4% in the first hour of trading before reversing those gains, marking their worst session since October 3.

Mark Cuban has voiced his opinion on the «Squawk Box» of CNBC that he had the offer of facilitating a meeting between Tesla Motors CEO Elon Musk and Democratic Presidential candidate Kamala Harris. According to The Hill, the campaign of Kamala Harris has rejected this proposal stating the concern about the potential of Elon Musk of misrepresenting the conversation on X while Mark Cuban also mentioned that they just do not trust Elon Musk as he can do something to distort the purpose of the meeting. In response to the comments of Mark Cuban, Elon Musk wrote on X sharing his desire to be involved in a live discussion session for preventing any kind of misinterpretation. Though later, Mark Cuban rectified his earlier remarks with the suggestion that he should have used ‘disclosure’ instead of using the term ‘distortion’, reported The Hill. Also Read: Has Kanye West ditched co-parenting? Kim Kardashian is pretty much a single mom to her 4 kids, the rapper not around very much

“Digital will be one of the competitive advantages for Air India. We want to be the most technologically advanced airline in the world,” Satya Ramawamy, Chief Digital and Technology Officer at Air India. The airline, which lacked any modern technology in its daily functioning before privatisation, has invested heavily to upgrade its digital capabilities including investing in artificial intelligence.

Ruchir Modi, son of former Indian Premier League chairman Lalit Modi, has filed a plea in the Delhi High Court seeking distribution of the dividends of Rs 620.83 crore, received by the K.K. Modi Family Trust companies since 2020, among the four family branches — Lalit Modi, Bina Modi, Samir Modi and Charu Modi. Justice Subramonium Prasad has given two weeks to Bina and her daughter Charu Modi to respond to the Ruchir's application. The case will be next heard on November 19. Ruchir in his fresh plea has alleged that several trust companies including Godfrey Phillips India (GPIL), IPM India Wholesale Trading and Indofil Industries have announced and distributed dividends the tune of Rs 620.83 crore to the upstream Trust companies since 2020, but he and his family branch had been kept «completely in the dark» and his family branch is entitled to a 25% share.

BJP leader CP Yogeshwar was welcome to the Congress if he had faith in the party’s ideology, adding fuel to the speculations that the former minister would contest on a Congress ticket from Channapatna, the assembly seat vacated by Union Heavy Industries & Steel Minister HD Kumaraswamy. The CM, replying to queries from the media, said DK Suresh, who lost the recent Lok Sabha polls from Bengaluru Rural, was also a strong contender for the seat. A clear picture will emerge in two days, he added. Suresh, a three-time MP, is the brother of Dy CM DK Shivakumar. Kumaraswamy told media that BJP national president JP Nadda and union minister Pralhad Joshi had requested him to give the JDS ticket to Yogeshwar, but he found Congress leaders queuing up to welcome him. The union minister defeated Yogeshwar in last year’s assembly polls. Yogeshwar’s unexpected resignation as BJP MLC on Monday has raised the temperature in the BJP and JDS camps.

Reliance Infrastructure on Tuesday said it will set up the largest integrated project for manufacturing of explosives, ammunition and small arms in Ratnagiri, Maharashtra at an investment over Rs 10,000 crore in the project over the next 10 years. Reliance Infrastructure through its subsidiaries has exported defence equipment worth more than Rs 1,000 crore over a period of time, it added. «The company has been allotted 1000 acres of Land in Watad Industrial Area of Ratnagiri, Maharashtra to develop Dhirubhai Ambani Defence City (DADC). DADC will be the largest GREENFIELD project in the Defence Sector in India by any private sector company,» the company said in a statement.

Cotton Association of India (CAI) has pegged India‘s 2024-25 year-on-year cotton production lower by 7% due to fall in acreage and crop loss due to excess rainfall. The trade body also expects India's cotton imports to jump by 42% and the exports to fall by 37%. The CAI has pegged the all India total cotton pressing for the 2024-25 season at 302 lakh bales of 170 kgs each as against 325 lakh bales produced last year. «There are reports of crop damage due to excessive rainfalls in several cotton growing states. The Ministry of Agriculture has reported acreage under cotton to be lower by 10% than last year,» said CAI in a media release.

Zomato is acquiring an 8% equity stake in kitchen appliances startup Byondnxt Smart Home Pvt Limited, for Rs 6,000, the company said in an exchange filing on Tuesday. “Board of directors of Zomato has considered and approved the subscription of up to 600 equity shares of Byondnxt Smart Home Pvt Limited (“Byondnxt”), for a total purchase consideration of Rs 6,000/ at a price of Rs 10 per share. Byondnxt, a business-to-consumer (B2C) firm which designs and manufactures kitchen appliances was founded by Eshwar Vikas who is also the founder of Mukunda Food Pvt Ltd.

green energy sector. The state’s Industries Minister, MB Patil, announced the need for a policy to effectively capitalize on investment and production opportunities on Tuesday. With an estimated requirement of Rs 45-50 crore in capital and five gigawatts of power, the state aims to boost such projects. “As per experts, a location within a 20 km radius of Mangaluru port would be ideal for green ammonia and green hydrogen production,” Patil said while interacting with the state's Vision Group for Green Energy. He emphasized that achieving the state's renewableenergy goals will require close coordination between the Department of Large-Scale Industries and the Department of Power. A second meeting will be held with industrialists and potential investors to discuss the way forward. Patil also noted that there are suggestions to establish green industrial parks to attract more investments into the sector. Renewable energy company-- Avaada Energy’s CEO, Krishna Nair, who was present for the meeting, said the company has signed an MoU with Karnataka worth Rs 45,000 crore for green hydrogen production. «We can focus on electrolyte and battery production if the government introduces the right policies and incentives.»

Hezbollah claimed responsibility Tuesday for a drone attack last week targeting the home of Israeli Prime Minister Benjamin Netanyahu, and acknowledged that some of its fighters have been take captive by the Israeli army. Hezbollah spokesman Mohammed Afif made the remarks during a press conference in Beirut's southern suburbs that was cut short following an Israeli evacuation warning for the area. An Israeli strike hit a target hundreds of metres (yards) away from the site of the conference just minutes after journalists left, an AFP video journalist said.

Manipal HealthMap, the diagnostics arm of Manipal Group, on Tuesday said it has fully acquired Mumbai-based iGenetic Diagnostics for an undisclosed amount. Sources told ET that the deal size would be around Rs 200 crore. With this acquisition, Manipal HealthMap is set to strengthen its presence in key markets, including Maharashtra, Madhya Pradesh, and Karnataka, while expanding its pan-India reach. The acquisition will also complement Manipal HealthMap’s existing portfolio, particularly in specialized testing areas such as oncology, infections, fertility, and more.