Information Financial News

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Marico Ltd on October 30 reported a consolidated net profit of ₹360 crore for the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 17.3 percent as compared to ₹307 crore reported in the year-ago period. The consumer goods company's revenue from operations, however, dipped marginally as it came in at ₹2,476 crore.

Indian markets have been under pressure in October, down 2.5 percent as ucertainties from the Israel-Hamas conflict along with rising bond yields and crude oil prices, and continued foreign investor outflows continue to weigh. Investors concerned about a longer period of high rates have also kept the markets on the sidelines. Meanwhile, from their peaks hit in September, the indices have lost over 5 percent each.

Pakistan has been arrested by Rajasthan police's intel wing, TOI reported on October 30. Narendra Kumar had divulged critical information regarding the Bikaner border area to Pakistan's Inter-Services Intelligence (ISI), police alleged. The Additional Director General of Police (ADGP), S Sengathir, stated that the intelligence unit consistently monitors ISI activities along the borders. During this surveillance, it was discovered that Narendra Kumar, aged 22, was in constant communication with two female agents of the Pakistani spy agency through social media and had allegedly fallen victim to a honeytrap. Kumar, employed as a motorcycle mechanic and residing in Anandgarh Khajuwala near the Indo-Pakistan international border in Bikaner, was swiftly apprehended and transported to the Joint Interrogation Centre in Jaipur on Saturday.

Nitin Bhatnagar, Director, India, PCI Security Standards Council, says “you must be very cautious about the people you are interacting with while on social media. I am not saying that you should not interact with people online. It is a virtual world and we all need to interact with people but do not trust anyone immediately. I always say trust but verify. If you are not verifying and just blindly trusting, someone is going to make a victim of you.” A new scam seems to be going around. Actually whether it’s new or not, you can tell us. It seems WhatsApp and Telegram are also not missed by these cyber scamsters or hackers. So, let us just discuss this scam. What has happened according to you? See, it is a very simple case where you are getting comfortable with someone who you are not known to. For these fraudsters, it is a very simple three-step game. They try to become friendly with you, they will try to reach out with some fake name and some company name and will try to message you on your Telegram or WhatsApp and with some very known name which you can connect with.

CBIC Chairman Sanjay Kumar Agarwal on Monday called upon international customs authorities to share insights and advanced detection techniques in drug-related crimes. As global trade continues to interconnect and economies flourish, there is a corresponding rise in the potential for unlawful movement of restricted items like antiques, cigarettes, gold and endangered wildlife species, among others, he added. «The undercurrent of illegal trade in narcotics remains strong. Global drug trafficking is estimated to be worth USD 650 billion, contributing 30 per cent of the overall illicit economy.

stock market witnessed significant activity as several major stocks achieved new all-time highs on October 30, marking a day of remarkable achievements and reflecting the growth potential of these companies. The data was sourced from StockEdge at 2:15 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken. (Data Source: StockEdge) 1. Jindal Saw Jindal Saw soared to an impressive all-time high of Rs 413.

Some lower courts have divined in the First Amendment’s penumbra a right to follow politicians on social media. On Tuesday the Supreme Court will consider whether the Constitution bars public officials from blocking constituents on their personal accounts (O’Connor-Ratcliff v. Garnier and Lindke v.

Nirmala Sitharaman on Monday said that customs authorities across the globe should share “actionable” information among themselves to curb the network of illicit trade which is hurting the global economy. She added that there is a need for intergovernmental cooperation to crack the masterminds behind smuggling networks else authorities will be able to catch small fishes only. «I place a lot of emphasis on intergovernmental coop, along with WCO (World Customs Organisation), so that we are able to crack the brains behind it (smuggling), the masterminds behind it, with the help from local authorities and governments,» Sitharaman said in her address at Global Conference on Cooperation in Enforcement Matters. The conference organised by the Directorate of Revenue Intelligence, aims at creating an information network and share information to block the international chain of illicit trade. She added that exchange of information and global cooperation was one of the issues discussed during India’s G20 presidency and she proposed that global enforcement agencies must meet once in a year to discuss among themselves the measures to handle it. «Networked groups think that small fries can be sacrificed, police or customs authorities can catch hold of this small fish, the larger fish, which is the brain behind, is never going to be caught,» Sitharaman added. Sitharaman also said that the nature of smuggled or illegally traded goods has not changed over the last 50-60 years and it continues to be precious metals, narcotics, precious reserves from forest or marine life. «So largely the goods which are illegally traded remain the same. There are no newer areas on which the customs authorities are baffled.

Suncorp is putting a scythe through insurance management ranks, cutting 25 leadership positions as it tries rejigging structures.

R. Venkataramani expressed his perspective to the Supreme Court on Sunday regarding the challenges to the «opaque» electoral bond system for funding political parties.

Railtel Corporation of India Limited is hiring for 81 vacancies across different managerial roles. Railtel is looking to fill 26 assistant manager (technical) posts, 27 deputy manager (technical) posts, 15 deputy manager (marketing) posts, 6 assistant manager (finance) posts, and 7 assistant manager (HR) posts.

Zee Entertainment rose 3.6% to Rs 258 in Monday's trade on BSE after the Securities Appellate Tribunal (SAT) set aside market regulator SEBI's order barring Zee Entertainment's CEO Punit Goenka from holding key directorship in listed entities over an alleged fund-diversion case. In an interim order, the Securities and Exchange Board of India (SEBI) in June restrained Essel Group Chairman Subhash Chandra Goenka and Goenka from board seats in any entity formed through the merger or amalgamation of the four Zee group companies. SEBI’s investigations showed that Chandra and Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit. “Appellant (Goenka) will cooperate in the investigation.

iMac. The chip is rumored to be available in various configurations, contingent on the number of cores, and it may signify a transition to a 3-nanometer manufacturing process, reported Bloomberg. Let us delve deeper into Apple's forthcoming M3 chips.

GST Intelligence (DGGI) is investigating the sale of Raymond's consumer goods business to a Godrej unit, The Economic Times reported quoting sources. In April 2023, Godrej Consumer Products (GCPL) acquired Raymond's FMCG business, including the Park Avenue, KS, KamaSutra, and Premium trademarks, through a slump sale. Also Read: Centre notifies 18% GST on corporate guarantees In a filing with the stock exchanges, GCPL revealed that it paid ₹2,825 crore for this acquisition.

AU Small Finance Bank lost over 8 percent in intra-day deals on Monday, after the lender announced that its board has approved the merger with Fincare Small Finance Bank. The firm will acquire Fincare Small Finance Bank in an all-stock transaction valued at ₹4,411 crore. The move is aimed at extending the bank's footprint in southern India and entering the microfinance sector, it said.

Stock market today: Shares of Suzlon Energy Limited has been in uptrend after ushering in new financial year 2023-24. Suzlon shares bottomed out at ₹7.05 apiece levels on NSE at the end of March 2023 and since then its has been rising continuously. Suzlon share price today opened with an upside gap and hit intraday high of ₹32.80 apiece lveles, logging over 350 per cent rise in current financial year.

Mamata Banerjee slammed Railways Minister Ashwini Vaishnaw after the Andhra train mishap, asking, «When will the railways come out of the slumber?» «Another disastrous rail collision, this time in Vizianagaram district in Andhra Pradesh, involving two passenger trains, and causing until now at least 8 deaths and injury of at least 25 more,» Mamata Banerjee posted on X in a series of tweets. «Frontal collisions between trains, derailment of compartments, helpless passengers trapped in coaches and succumbing to fate: this is becoming a most unfortunate repetitive trope!!,» Mamata added. She also expressed solidarity with the kin of victims, and «demanded for most expeditious rescue actions and inquiry forthwith!». «When will the railways come out of the slumber?» The death toll in the Andhra train collision reached to 9 as rescue operations continue in Vizianagaram district, an East Coast Railway official said. «Rescue operations continue in Vizianagaram district.

ex-gratia of Rs 2 lakh from the PM's National Relief Fund for the next of kin of each deceased and Rs 50,000 for injured in Andhra Pradesh train accident, PMO Office informed. «The Prime Minister has announced an ex-gratia of Rs 2 lakh from the PMNRF for the next of kin of each deceased due to the train derailment between Alamanda and Kantakapalle section. The injured would be given Rs.

According to CoinMarketCap, Terra Classic has secured its position at #94, boasting a substantial market capitalization of approximately $375 million . In terms of supply metrics, the market is awash with a staggering nearly 5.7 trillion LUNC coins in circulation.