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BofA Securities downgraded the stock by one notch to 'neutral' and saw limited upside in its near-term stock price. The US brokerage cited the stock's premium valuations and said expectations of high NIMs and opex could disappoint in the near-term. The stock trades at 2.2 times its forward price-to-book value — above its long-term average.Shares of M&M Financial were among the top five losers in the NSE 500 universe.

CBI court on Friday granted five days' remand to 3 arrested Railway employees, arrested in connection with the probe into the Blasore triple-train accident, for further interrogation. The CBI had demanded seven days' remand of the trio for further investigation but the court granted only five days.

Three of the 10 top-grossing apps on Google’s Play Store are live streaming apps — Chamet, Tango and Boloji Pro. All of these apps offer content that often borders on the Not Safe for Work category and have women who are a lot of times available for video calls, experts said. The top-grossing apps are those with the highest number of in-app payments made through the Play Store.

Mississippi State University announced the passing of football great Johnie Cooks, a beloved figure in Bulldog history. Cooks, who achieved All-SEC honors and played in the NFL, leaves behind a lasting legacy. In a news release, the university, while expressing condolences, said, «The Mississippi State family mourns the loss of all-time Bulldog great Johnie Cooks.

NBA 2K24, set to release on September 8, for PlayStation 5, Xbox Series, PlayStation 4, Xbox One, Switch, and PC. This highly anticipated edition will offer cross-play compatibility between PlayStation 5 and Xbox Series, allowing players to connect and compete across platforms. The game pays tribute to the legendary Kobe Bryant and a true basketball icon. Bryant's exceptional career, marked by 18 All-Star appearances, five NBA championships, two Finals MVP awards, two Olympic Gold Medals, and being the all-time leading scorer for the Los Angeles Lakers, will be honoured with the NBA 2K24 Kobe Bryant and Black Mamba editions. These special editions will feature Bryant as the cover athlete, commemorating his legacy and profound impact on the sport. Greg Thomas, President of Visual Concepts, expressed their excitement for celebrating 25 years of NBA 2K with Kobe Bryant and acknowledged the significant influence he has had on basketball. Alongside this milestone, NBA 2K24 will introduce innovative technological advancements and incorporate community-requested features, including the highly anticipated cross-play functionality, connecting players from different platforms. Through NBA 2K24, fans will be able to experience the rich history of the franchise while embracing the advancements and future of the game, all while paying homage to the remarkable legacy of Kobe Bryant.

₹5,000 crore. However, Sebi added that the MF sponsored by the private equity fund would not participate as an anchor investor in the public issue of an investee company, where any of the schemes and funds managed by the sponsor PE has an investment of 10% or more or a board representation.

₹15,683 crore These five projects are in of Mizoram, Maharashtra, Uttarakhand and Kanpur and would improve connectivity to industrial clusters and social sector assets and improve logistics efficiency through streamlining freight traffic movement and decongestion of cities. A total of 85 infrastructure projects worth ₹5.39 lakh crores have been evaluated in the meetings so far, said a statement from the Ministry of Commerce and Industry.

Centre is looking at options to extend the benefits of the FAME II scheme beyond FY24, a senior government official has said. According to Hanif Qureshi, joint secretary, ministry of heavy industries, the FAME II scheme is lapsing in March 2024, but avenues are being looked at for continuing the benefits through some other measures.

(Reuters) — A U.S. court of appeals on Friday rejected Venezuela's bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets.

The consortia will define the ‘problem’ or gap and fund research on the same at institutes, centres at institutes and groups of institutes, sources in the know said. Industry-academia collaboration and limited institutional level research spread are the key missing piece in India’s R&D ecosystem. The NRF hopes to address it through a multipronged strategy that will facilitate industry ownership of R&D initiatives and drive it down to the states. Critical to it is the funding plan that will be detailed in the Bill. The upcoming Bill proposes to set up NRF—an apex body to provide high-level strategic direction of scientific research in the country— at a total estimated cost of Rs 50,000 crore during five years (2023-28).

Narendra Modi emphasised on Friday that infrastructure development is related to social justice and the efforts of his government in the last nine years to take projects like roads, railway lines, industries and even mobile connectivity to areas where poor, Dalits, backwards and tribals live has contributed to their well-being. Modi laid the foundation stone and dedicated various development projects worth Rs 7,500 crore in Raipur, Chhattisgarh on Friday. This includes five national highway projects, new railway line from Keoti to Anantgarh, IOC bottling plant at Korba, and flagged off the Antagarh-Raipur train. He also initiated the distribution of 75 Lakh Ayushman Bharat cards to the beneficiaries. In his speech, the prime minister said nine years ago, more than 20% of the villages in Chhattisgarh did not have any mobile connectivity but today this figure has come down to 6%. Farmers and laborers are the biggest beneficiaries of this. Modi also pointed out that most of these tribal villages where connectivity has improved were the ones ones affected by Naxalite violence.

Bengaluru: Expanded metro connectivity, new flyovers and high-density corridors are among several infrastructure projects the new Congress government in Karnataka has proposed in its first budget for the state capital. These projects are expected to help ease traffic congestion in Bengaluru, which has been dubbed the second slowest city in the world. Managing solid waste accumulated in landfills over the years and addressing the causes of floods in the city are among other focus areas the chief minister outlined in the state budget Friday.

Karnataka chief minister Siddaramaiah on Friday proposed to increase taxes on alcohol and raise the guidance value of properties to fund the Congress party's election promises that have bloated the expenditure bill by about Rs 58,200 crore. The excise duty has been proposed to be increased by 20% on Indian-made liquor.

Bengal gears up for the panchayat polls, a Congress and a BJP worker were allegedly murdered in Murshidabad and Birbhum districts, respectively in the last 24 hours. The fresh casualties take the total number of pre-poll deaths to 19. Governor CV Ananda Bose appealed to people to cast their franchise and said he will be on the roads on the election day and will return to Raj Bhawan only after the polling.

MUMBAI : Banks have informed the Reserve Bank of India (RBI) about the financial impact of a proposed regime where they have to make early provisions for the loans they expect to sour, the regulator’s response to a Right to Information (RTI) request showed. The so-called expected credit loss (ECL) model proposed by the regulator earlier this year, where banks have to recognize stress much earlier, is in contrast to the existing regime where banks make provisions after the losses are incurred.

Jammu and Kashmir lieutenant governor Manoj Sinha said on Friday that the discriminatory politics and governance system was abolished in 2019 and the poor have the first right on the government's resources. Sinha said in a veiled reference to regional political parties that some people in J&K are pained by the decision of giving home and land to the homeless in the Union Territory, as they thought of themselves as owners of the government land and resources.

Directorate of Revenue Intelligence (DRI) has sent notices to seven exporters who were allegedly exporting restricted products. The directorate has confiscated some shipments of chemicals, minerals, metal and alloys and some essential commodities, which were under the special chemicals, organisms, materials, equipment and technologies (SCOMET) list, officials said. The shipments were confiscated by the Mumbai, Gujarat and Chennai zones, they said.

Katie Notopoulos announced on Twitter that she is now “fired” as the Editor in Chief of Threads, Meta’s new social media app. The recently launched application possesses comparable functionalities to Twitter and is managed by Meta, establishing it as the most formidable contender in the market. Numerous individuals, including prominent influencers and streamers, have already joined Threads, resulting in a steady growth of its user base. Initially claiming to be the Editor in Chief, Katie Notopoulos experienced significant online backlash following her controversial post expressing support for Nazi ideologies. The controversy began on Thursday, July 6, 2023, when a user named @riff_n_ryan raised a question regarding the app's creators: «Will you ensure the removal of Nazis from this platform?» This inquiry arose due to the concerning state of Twitter under Elon Musk's leadership, prompting many to seek a more favourable alternative to the micro-blogging app.

Mutual Fund returns calculation: Mid Cap funds have emerged as one of the most popular mutual fund categories for investors seeking high returns over the long term. And almost all mid-cap funds have not disappointed their investors in this regard.

Silvio Berlusconi has left control of his media empire to his two eldest children

The railroad industry has sued to block a new minimum crew-size requirement that Ohio imposed after a fiery train derailment in East Palestine in February