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Overburden (OB), the by product from mining operations, and process it to produce Manufactured-Sand (M-Sand), which can be used in construction projects. This move will reduce dependency on river sand and preventing environmental degradation, a Coal Ministry statement said. To make this possible, public-sector undertakings (PSUs) have commissioned four OB processing plants and five OB-to-M-sand pilot plants. Additionally, six more OB processing and OB-to-M-sand plants are currently in various stages of installation within the Coal/Lignite PSUs, the statement added. These plans have been listed in a report by a High-Powered Expert Committee (HPEC) of the Coal Ministry. The report has recommended that coal companies can be mandated to practice mining of other minerals present in OB strata or gainful utilization of OB for economic value rather than mining of just coal.

Bajaj Finance on Tuesday reported a 13% jump in its net profit for the quarter ended September 2024 to Rs 4,000 crore versus Rs 3,551 crore posted in the year-ago period. The profit is attributable to the owners of the company. It was below ET Now poll estimates of Rs 4,070 crore.

General Insurance has reported a 591% growth in profit after tax at Rs 414 crore for the first half of the current financial year against Rs 60 crore in the corresponding period of the previous financial year. The overall business also showed strong growth with the company's gross written premium (GWP) growing at 16.1% against the industry growth at 7%.

Hindustan Unilever (HUL) is expected to report a 2-4% increase in its Q2FY25 revenue partly offset by pricing cuts undertaken by the company in the reporting quarter. The top-line is expected to be in the range between Rs 15,621 crore and Rs 15,728 crore, according to estimates given by four brokerages. The net profit for the reporting quarter is estimated at Rs 2,592 — Rs 2,714 crore.

Nifty is currently weakening after forming a new lower top around 25,230 levels. This is a negative indication and signals ongoing downward correction. Another crucial weekly cluster support around 24,500 (ascending trend line, 23.6% retracement and weekly 20 period EMA) is placed on the verge of a downside breakout.

Persistent Systems today announced its second quarter earnings, reporting a 23.4% jump in its profit after tax (PAT) at Rs 325 crore on a year-on-year (YoY) basis, while its revenue increased by 20% YoY. The company’s revenue for the second quarter ended September 2024 stands at Rs 2,897.15 crore.

Tata Elxsi Ltd. traded 2.98 per cent down at Rs 7183.0 on Tuesday at around 01:49PM (IST), while the benchmark BSE Sensex declined 492.37 points to 80658.9. As many as 5,785 shares changed hands on the counter with a total value of Rs 4.21 crore.

US-China trade war have fallen short, according to a new study, with other Asian rivals benefiting to a much greater extent from escalating tensions between the world’s biggest economies. Between 2017 and 2023, India’s total share in US imports rose by 0.6 percentage points to 2.7% while mainland China’s portion dropped by around 8 percentage points to under 14%, according to Oxford Economics. The biggest beneficiary from the trade diversion in the region has been Vietnam, whose total share in US imports grew by 1.7 percentage points to 3.7% in the period. Taiwan and South Korea have also made greater strides than India, increasing their share of US imports by 1 percentage point and 0.7 percentage points, respectively, according to Oxford.

Air India received bomb threats for their international and domestic flights, on Monday night. After safely disembarking the customers, Indigo informed that they were working closely with the relevant authorities and standard operating procedures were being followed. Indigo, in its press release, announced that they received a security-related alert on nearly 10 flights including domestic and international. The flights that received the bomb threat are 6E 164 (domestic), 6E 75 (international), 6E 118 (domestic), 6E 67 (international), 6E 18 (international), 6E 83 (international), 6E 77 (international), 6E 12 (international), 6E 65 (international), 6E 63 (international). It must be noted that most of these international flights were bound for Jeddah in Saudi Arabia or bound for India from Istanbul in Turkey.

GAIL (India) Ltd. traded 2.39 per cent down at Rs 214.3 at 01:44PM (IST) on Tuesday, even as BSE benchmark Sensex dropped 537.45 points to 80613.82. The scrip had closed at Rs 219.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 246.35 and Rs 116.2, respectively.

gold loan growth. The lenders will have to revisit policies and processes to ensure compliance, it said. The Reserve Bank of India (RBI) recently flagged certain irregular practices in the loan against the gold jewellery space and asked lenders to comprehensively review their policies, processes and practices to identify gaps and initiate remedial measures in a timebound manner. This could potentially impact gold loan disbursements during the transition phase and curb growth in the business. The circular is addressed to the supervised entities (SEs) of the RBI — all commercial banks, including small finance banks, primary (urban) co-operative banks and non-banking financial companies (NBFCs). Some areas highlighted in the circular of deficiencies in the monitoring of the loan-to-value (LTV) ratio, asset classification norms for overdue loan accounts, and inadequate due diligence in monitoring the end-use of gold loans among others.

Bank of Baroda traded at Rs 236.3 on BSE at 01:33PM (IST) on Tuesday, down 3.82 per cent from previous close. The stock quoted a 52-week low price of Rs 187.95 and a high of Rs 298.45.

Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.

Sridhar Vembu, CEO of Zoho, recently took to social media to highlight the devastating impact of alcohol addiction on families in rural India, particularly in the southern regions. Through a video post, Vembu shared the story of a sanitation worker in Tenkasi who is struggling to support her family while grappling with the consequences of her sons' alcohol addiction. Her plight, Vembu noted, is representative of the many women he encounters during his travels across rural areas. These women, often the primary breadwinners, are burdened with the stress of sustaining their families in the face of addiction and neglect. Vembu emphasized the need for a mass movement to address alcohol abuse, warning that many women are at a breaking point. «We need a mass movement against alcohol — these women are reaching a breaking point,» he said in a post.

United Spirits Ltd. dropped 1.69 per cent to Rs 1471.0 at 01:39PM (IST) in Tuesday's trade. The counter has hit a high of Rs 1495.5 and low of Rs 1469.5 so far during the session. The stock had closed at Rs 1496.4 in the previous session. The counter has had a total traded volume of 19845 shares so far with a value of Rs 2.93 crore on the NSE. It traded at a price-to-earnings multiple of 75.62 and a price-to-book ratio of 11.55.

Irdai) has directed all insurance companies to scrutinize their IT systems for vulnerabilities. This advisory follows reports of data breaches involving two major general insurance companies, Star Health and Allied Insurance, and Tata AIG General Insurance. Star Health publicly acknowledged the data breach to the stock exchanges. Meanwhile, market sources have indicated that Tata AIG was also impacted. In response, Irdai has instructed both companies to engage independent auditors for a comprehensive audit of their IT systems. The companies have also isolated the affected systems and are collaborating with external cybersecurity experts to conduct a root cause analysis. In a statement, Tata AIG confirmed its awareness of the potential data exposure. «We are aware of recent claims made by a threat actor on holding a small portion of Tata AIG data. Our dedicated teams, in collaboration with independent cybersecurity experts, are conducting a comprehensive investigation and rigorous system checks to ascertain the same,» the company said. Tata AIG has also informed regulatory authorities and is cooperating with ongoing due diligence.

Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering to exit from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 per cent stake in the JV. It's shares were trading at Rs 1744.05 apiece on the BSE, down 0.85 per cent. Allianz, which holds the remaining 26%, has indicated its strategic priorities have shifted, prompting the potential exit.

Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for shareholders. Speaking at the listing ceremony at the National Stock Exchange (NSE), Euisin Chung, Executive Chairman, Hyundai Motor Company, held the IPO shows that HMIL is a “key part of India”. This is the first IPO for a unit of the South Korean automaker outside South Korea. “As we move forward, HMIL will continue to embrace the highest standards in governance. Through its board of directors, HMIL will make prudent, transparent and timely decisions. Also, our commitment to localization will continue, based on the spirit of collaboration and shared growth. Our commitment to being a pioneer in future technologies will continue as well — right here in India”, Chung said.

The conflict at the border had significantly strained relations between the two countries, especially following a fierce clash in the Galwan Valley in June 2020, which was the most serious military conflict between China and India in decades. China spokesperson Lin Jian said during a media briefing that both nations have been in close communication through diplomatic and military channels regarding issues at the China-India border.

AAP supremo Arvind Kejriwal of spending taxpayers' money on personal comfort during his tenure as Delhi chief minister. The BJP leaders alleged that Kejriwal spent crores on lavish items and modern facilities at his official residence at 6 Flagstaff Road. Kejriwal after resigning as Delhi Chief minister vacated the Flagstaff Road bungalow in Civil Lines earlier this month. In a protest near Kejriwal's current residence on Firozshah Road, Delhi BJP president Virendra Sachdeva alleged that 15 toilet seats installed at "Sheeshmahal" (Flagstaff Road bungalow) after spending lakhs of rupees were missing.