Gap Financial News

Zomato share price jumped nearly 5% to touch a 52-week high on Monday's trade after food delivery aggregator platform's Q2 results surpassed street's expectations on all the fronts. The brokerages noted that following two quarters of tapering growth, the food delivery company had a resurgence in growth.

LTIMindtree Ltd. fell 0.25 per cent to Rs 5119.4 in Monday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 367.2 points higher at 64730.98. Earlier in the day, the stock witnessed a gap up start to the session.

World Cup defeat for the South African team. The Eden Gardens roared as Virat Kohli struck a magnificent century, leading India to a commanding position. Ravindra Jadeja’s bowling was nothing short of spectacular, becoming the first Indian spinner to claim five wickets in a World Cup match.

India, November 3, 2023: Total Emergency Network (TEN), a pioneering startup that has disrupted the healthcare industry with its innovative approach to ambulance services, has successfully secured substantial funding of INR 1.5 Crore in its angel funding round. This crucial investment was led by BMV.Money (unstoppable start-up funding) and a group of dedicated family and friends.

Sensex closed 282.88 points higher at 64,363.78, while the Nifty 50 gained 97.35 points to settle at 19,230.60 on Friday. Nifty 50 formed a small negative candle on the daily chart with gap up opening and with minor upper and lower shadow.

TVS Motor Co. Ltd and Bajaj Auto Ltd are swiftly closing the gap on startups such as Ola Electric, though it still retains the top position. TVS Motor became India’s second-largest electric two-wheeler maker several months ago and is rapidly closing the gap with Ola Electric, while Bajaj Auto emerged as No.3 in October, displacing Ather Energy to the fourth spot.

Bank of Baroda (BoB) management and its former chief digital officer (CDO) over the weekend around irregularities in signing up customers through its mobile banking app bob World. On 12 October, the Reserve Bank of India (RBI) barred BoB from onboarding new customers through the app until its deficiencies were rectified and processes strengthened. Chief executive officer (CEO) and managing director (MD) Debadatta Chand said on Saturday that the bank had terminated the contract of its CDO, Akhil Handa, as part of a wider action against employees both at the branch and corporate office levels.

Mizoram drew to a close on Sunday, Prime Minister Narendra Modi reached out to the electorate through a video message with the promise of fulfilling their dream of making it a “marvellous” state. Modi highlighted the development work undertaken in the northeast since the NDA came to power at the Centre in 2014. In the video message, Modi delivered his short ten-minute speech partly in Hindi and English, underlining that the distance- both physical and mental- between the Centre and the northeast has been narrowed significantly in the last few years.

By Pete Schroeder

World Bank would temporarily host the fund for the next four years. The United States and several developing countries expressed disappointment in the draft agreement, which will be sent for global leaders to sign at the COP28 climate conference, which begins in Dubai later this month. The US State Department, whose officials joined the negotiations in Abu Dhabi, said in a statement it was “pleased with an agreement being reached” but regretted that the consensus reached among negotiators about donations to the fund being voluntary is not reflected in the final agreement. The agreement lays out basic goals for the fund, including for its planned launch in 2024, and specifies how it will be administered and who will oversee it, including a requirement for developing countries to have a seat on the board, in addition to the World Bank's role. Avinash Persaud, a special envoy to Barbados Prime Minister Mia Mottley on climate finance, said the agreement was “a challenging but critical outcome. It was one of those things where success can be measured in the equality of discomfort.” Persaud negotiated on behalf of Latin America and the Caribbean in the meetings. He said that failure to reach an agreement would have “cast a long shadow over COP.” Mohamed Nasr, the lead negotiator from Egypt, last year’s climate conference host, said, “It falls short on some items, particularly the scale and the sources (of funding), and (an) acknowledgment of cost incurred by developing countries.” The demand for establishing a fund to help poor countries hit hard by climate change has been a focus of U.N.

Coal India reported a 12% rise in its production so far in the current financial year (FY24) at 394 million tonne (MT) and said that its supplies to the power sector have grown 4.5% or 15 million tonne to 346 million tonne during the April-October period. Although Coal India and the Ministry of Coal have reported an increase in coal production in October, the Union Ministry of Power last week directed gencos to blend 6% imported coal till March next year amid fall inventory at thermal plants.

President Droupadi Murmu inaugurated the art exhibition, Silent Conversation: From margins to the centre on Friday. The two-day exhibition displayed the power of art in giving voice to tribal artists from tiger reserves of India. This is the first in a series of such exhibitions in different Indian cities and across the globe. The primary objective is to establish a sustainable market for these artworks, thereby providing an alternative livelihood for these marginalized communities and bringing them into national cognizance.

India Mobile Congress 2023 was buzzing with cutting edge-technology. At the largest telecom and technology forum in Asia, tangible use-cases and innovative products on display truly sparked excitement and captivated the attention of attendees. Mixed reality glasses Jio showcased its upcoming JioGlass, a mixed reality (MR) headset in the shape of an unassuming pair of spectacles at the gigantic Jio booth, along with a more affordable JioDive VR headset. This unobtrusive piece of wearable tech promises to bridge the gap between our physical world and the limitless possibilities of augmented and virtual reality.

LOS ANGELES (Reuters) -Negotiators representing Hollywood actors are considering a new proposal that major studios described as their «last, best and final offer» to end a four-month-long strike, the SAG-AFTRA union said on Saturday.

Curated Living Solutions has acquired a student housing asset spread over 1.5 acre within the NSHM Knowledge Campus in West Bengal’s Durgapur. This student housing facility with around 1 lakh sq ft built-up structure has a total 766 beds. The deal marks Curated Living Solution’s first brownfield venture in the student housing vertical and has started operating from November 1. International property consultant JLL facilitated this transaction between Curated Living Solutions and NSHM Academy. Curated Living Solutions is looking to partner with colleges and universities across India to provide customised housing facilities to students.

Apple is gearing up to revolutionize home health monitoring with the next generation of its Apple Watch series. A recent report from Bloomberg has unveiled a series of groundbreaking features slated for the Apple Watch Series 10, set to be released next year. Among these new features are the capabilities to detect elevated blood pressure and sleep disturbances, which can aid in diagnosing hypertension and sleep apnea, marking a significant leap forward in at-home health monitoring.

Thomas K. Mattingly, a distinguished astronaut known for his pivotal role in the Apollo 16 mission, has passed away at the age of 87, as announced by NASA on Thursday.

How does a recession happen?

Darmstadt will host Bochum at a time when they have suffered a humiliating 8-0 defeat to defending champions Bayern Munich in their last match. They conceded all eight goals in the second half with just nine men following red cards to Klaus Gjasula and Matej Maglica.

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UPL, HDFC Bank, HUL, Kotak Mahindra Bank, Reliance Industries, Wipro, TCS, and Asian Paints. The remaining eight include Hindustan Zinc, SBI Cards and Payment Services, Pidilite Industries, Dabur India, SRF, Vedanta, Adani Wilmar, and Adani Total Gas, Trendlyne data showed. Extending their downward trend, Hindustan Zinc shares started November on a sour note, falling 1% to ₹294.0 apiece, and in the last three months, the shares have lost 8.37% of their value.