Inside Financial News

(Corrects paragraph 13 to reflect consequences for executives trading during blackout periods, not insider trading)

Atul and Rahul Kirloskar faction, the Securities Appellate Tribunal (SAT) on Monday directed the markets regulator to pay ₹5 lakh for failing to unfreeze their shares in Kirloskar Industries Ltd. In October 2020, two Kirloskar Brothers—Atul and Rahul Kirloskar—were penalized by Sebi through two separate orders, alleging insider trading in shares of Kirloskar Brothers Ltd (KBL).

Sam Altman, who was formerly employed as the Chief Executive Officer of OpenAI, the artificial intelligence research lab that is well-known for its achievements in AI technology, including the invention of ChatGPT, has been rehired. This is a surprising outcome. In light of the fact that Altman was ousted from his position only a few days prior to the announcement of this decision on November 22, it demonstrates the dynamic nature of leadership within the quickly developing artificial intelligence business.

Democratic dreams of imposing a wealth tax on the richest Americans risk being snuffed out by the Supreme Court in a dispute over a $14,729 bill.

BookMyShow reported a financial recovery in FY23, rebounding from the impact of pandemic-induced lockdowns and challenges to its operations in FY21. Its operating revenue surged 3.5 times to Rs 976 crore for the fiscal year ended March 2023, from Rs 277 crore in FY22, according to documents sourced from company data and intelligence platform Tofler.

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By Stephen Nellis

IBM on Monday showed a new quantum computing chip and machine that it hopes will serve as the building blocks of much larger systems a decade from now. Researchers around the world are trying to perfect quantum computing, which relies on quantum mechanics to reach computing speeds far faster than classical silicon-based computers. The challenge has been to create quantum computers that are reliable enough in the real world to consistently beat conventional computers.

A man killed four family members, including two children, at their Queens home in New York City and stabbed two police officers who then shot him to death

Bharatiya Janata Party (BJP) on Monday, December 4 alleged that Congress MP and leader of opposition Adhir Ranjan Chowdhury leaked the Ethics Committee report on Trinamool Congress MP Mahua Moitra before its tabled. The report was scheduled to be tabled after 12 pm today. While Congress MP Shashi Tharoor claimed that the report was skipped when they laid papers on the table.

A well-known Quebec entrepreneur and philanthropist and his partner are believed to have been found dead in the Caribbean, where they owned a luxury resort, local reports have confirmed.

Earthquake today: Massive quake of 7.6 magnitude strikes Mindanao in Philippines At least two people were killed and several were injured after Saturday's quake, according to AFP news agency. Saturday's quake triggered tsunami warnings across the Pacific region and sent residents along the east coast of Mindanao fleeing buildings, evacuating a hospital, and seeking higher ground.

Geomagnetic Storm Watch for Monday. There is a likelihood of moderate Northern Lights activity starting Sunday night into Monday morning, and there is potential to witness the lights as far south as southern Wisconsin and northern Nebraska. Ongoing solar eruptions have been sending plasma towards Earth, prompting the SWPC to issue another Geomagnetic Storm Watch.

Nifty50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed to end at a fresh all-time high level. Amid high volatility, the trading range also got wider; the NIFTY moved in a range of 491.55 points through the week. While managing to maintain the gains, the headline index managed to close near its high point with net weekly gains of 473.20 points (+2.39%). While the markets rose, so did the volatility. The volatility, as represented by INDIAVIX, surged 9.29% to 12.38 on a weekly basis. From a technical standpoint, the Index remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out. Monday is expected to see a positive and strong start to the week; the levels of 20400 and 20580 are likely to act as resistance. The supports come in at 20080 and 19900 levels. The weekly RSI is 65.90; it has marked a fresh 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The weekly MACD is bearish and below its signal line; however, it looks on the verge of a positive crossover

leopard that was recently spotted in Delhi's Sainik Farm area, officials said on Sunday. The residents of the area have been advised to remain indoors and call the police immediately if they come to know of any movement of the animal, a senior officer said.

Morag, an imposing Highland cow with a caramel coat, ambles out of the main shed at Dumble Farm in northern England and stands ready to meet her guests. Visitors have travelled from far and wide to the farm near Beverley in east Yorkshire, not to buy milk, yoghurt or cheese, but to enjoy a cuddle with Morag and her companions. Fiona Wilson and her co-farmers at Dumble Farm started offering the cuddling sessions in February when it became obvious that economic difficulties of modern dairy farming had become untenable. «Some people like to engage with dogs or cats or horses and other people find that cows are the animals they want to be with,» Wilson told AFP. «People are coming for a wellbeing point of view.

Congress has hurriedly sent a special team to Hyderabad to save its MLAs from being poached after exit polls showed a clear possibility of the party winning more seats than the ruling BRS in the Telangana polls. Exit polls had suggested a tight race in Telangana, with Congress getting a slender lead over BRS. The special team includes Karnataka Deputy CM Shivakumar, known as the party’s crisis manager. The others are his cabinet colleagues Zameer Ahmed Khan, B Nagendra, and NS Boseraju. Shivakumar said that there was information about BRS attempting to contact their MLAs.

Telangana Assembly today i.e. on 3 December. The high-stakes Telangana Assembly is witnessing a triangular contest involving the ruling Bharat Rashtra Samithi (BRS) (then Telangana Rashtra Samithi), the Bharatiya Janata Party (BJP), and the Congress.

Christmas trees adorned in twinkling lights serving as a centerpiece in many homes. However, for a segment of the population, both real and artificial Christmas trees can bring about an unwelcome visitor – Christmas Tree Syndrome. Some symptoms of the Christmas Tree Syndrome can be a runny nose, watery eyes, sneezing, coughing, or itchy skin. There may be a peculiar allergic reaction triggered by tiny, mostly invisible allergens lurking within the festive foliage as well.

Myanmar has caused discomfort for Northeastern insurgent outfits taking shelter there. There is pressure on them to participate in the conflict or be out of the area. Several militants’ outfits of Northeast India have bases in Myanmar.

Binance, the biggest cryptocurrency exchange in the world, is about to embark on a new section of its history with Richard Teng serving as its Chief Executive Officer. Changpeng Zhao, the creator of Binance, made the announcement on this consequential shift in leadership. Not only does Teng's appointment come at a vital moment for the exchange, but it also marks a new direction in the administration and strategy of the exchange.