Limelight Financial News

Punjab's Kapurthala district a few days ago. The incident came to limelight after the athlete's chopped up body parts were thrown in front of the slain Kabaddi's player's house, according to media reports. The incident has drawn sharp condemnation from Shiromani Akali Dal (SAD) chief Sukhbir Singh Badal.

₹9.1 crore ($1.1 million). A last-minute frenzy saw the price leap from a mere ₹1.5 crore ($190,000) to its final sum, all within the concluding 15 minutes of the two-week event. In June, the auction was expected to fetch ₹65 lakh.

Naina Desai, widow of late art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. Nitin Desai had been found dead in his Karjat studio on August 2, a day after the NCLAT dismissed his plea against initiation of insolvency proceedings, prompting calls for an investigation. “We do not find any good ground and reason to interfere with the impugned judgement and hence the appeal is dismissed,” a two-judge bench of justices Sanjiv Khanna and SVN Bhatti said in a short order Friday. The apex court's dismissal clears the ground for recovery proceedings against ND's Art World Pvt Ltd, the company promoted by Nitin and Naina Desai, which owes Edelweiss Asset Reconstruction Co.

Bihar government was quick to disassociate themselves from the remarks of the RJD leader. “The Constitution entails that all faiths are to be accorded equal respect. Some people say things with no apparent purpose other than getting some limelight, which we disapprove of," said Abhishek Jha, state spokesman of JD(U).

Ukrainian presidential adviser Mykhailo Podolyak courted controversy with his comments on the ‘intellectual potential’ of Indians and Chinese. Podolyak's statement, which was published in an article by Sputnik, quoted him saying that India and China exhibits ‘weak intellectual potential’ and ‘fail to analyze the consequences of their actions’. "What's wrong with India, China, and so forth? The problem is that they are not analyzing the consequences of their steps, these countries have weak intellectual potential, unfortunately," Sputnik quoted Podolyak.

Multibagger stock: Railway stocks have been in uptrend in recent sessions. In last five sessions, Indian Railway Finance Corporation or IRFC share price has risen over 20 per cent whereas RVNL share price surged over 17 per cent in this time. RailTel share price went up around 3 per cent in this time.

Indian sugar stocks have been in the limelight for past two weeks with marquee scrips rising as much as 15-20%. This is amid concerns about a global sugar shortage. Avlean, the world's largest sugar trader, recently said it expects a sixth straight year of sugar deficit, as supply will be affected by a poor harvest in India.

Dalal Street. Not just today, but since the last 1-2 years, both foreign and domestic investors are increasingly betting on the domestic growth story and the potential that India holds to become a global powerhouse. A reflection of this can be seen in the performance of the S&P BSE Bharat 22 index, which has more than doubled in value in 3 years. In fact, the index hit a lifetime high of 6118.08 points on Friday. At a time when the sword of a recession was hanging over developed economies such as the US and Europe, India became the fastest growing economy in the world. The euphoria drove a whopping 28% rally in the Bharat 22 index on a year-to-date basis. “India continues to be one of the fastest-growing major economies in the World for the 3rd year in a row.

Peter McGuire, CEO, XM Australia, says “the uncertainty across the whole sector was severely sold down as far as the producers were concerned. It has rallied very strongly in the last couple of months from that early $70s all the way through to early 90s. There seems to be further upside ahead of it. Many traders are now saying $100 is achievable in September, and I would not be surprised if it takes that number out.”What is leading to the crude rally and do you see an escalation above $90 on Brent?Yes, a couple of things.

As Bitcoin takes the limelight once again, its live valuation stands at $25,702, experiencing a minor slump of nearly 1% over the past 24 hours. 

“While there could be multiple sectors that would benefit from this event, the broader themes that would hog limelight could be the energy sector, power sector, automobiles, cement, commodities such as metals, space/defence to name a few,” says Nitin Rao, CEO, InCred Wealth. In an interview with ETMarkets, Rao said: “The focus on switching to clean energy/decarbonization / moving away from fossil fuels, exhibits a lot of opportunities for companies operating in the oil & gas/energy sector” Edited excerpts:The market seems to be finding some resistance at higher levels – what is your take on markets at current?After a significant rally from March 2023 lows, markets peaked around 20th July this year close to 20,000 on the Nifty 50 index. After almost a 1.5-year period, markets broke out of the 17800 – 18700 range that it had been trading in since October 2021.

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Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday.

IDFC First Bank jumped 5.4% to hit a 52-week high of Rs 98.5 in Monday's trade on BSE after US-based GQG Partners bought a stake in the private lender through bulk deals on Friday. According to exchange data, GQG Partners has picked up 17.1 crore shares or 2.58% stake in the lender for about Rs 1,527 crore. The transaction was done at Rs 89 apiece. Meanwhile, Warburg Pincus affiliate Cloverdell Investment has sold a 4.2% stake in the company.

Day trading guide for today: On account of strong global market cues as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy, Indian stock market finished higher on Friday. NSE Nifty went up 181 points and ended at 19,435 levels, BSE Sensex gained 555 points and closed at 65,387 mark while Bank Nifty index finished 446 points higher at 44,436 levels. Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.

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BRICS summit in Johannesburg in South Africa. After the meet, news report said that both leaders had directed defence administration to reach a solution on the Line of Actual Control dispute between China's People's Liberation Army, and Indian Army. On a day China's new ‘standard map’ came to limelight, satellite images have revealed that Beijing has ramped up construction of reinforced personnel bunkers and underground facilities in Aksai Chin, according to a Hindustan Times report.

The New York Post. Also Read: 'Hosting Osama Bin Laden,' Jaishankar's response to Pakistan at UNSC | Watch O'Neill gained significant attention when he publicly claimed responsibility for firing the fatal shots that resulted in the demise of Osama bin Laden, the mastermind behind the September 11 attacks, during a secretive US military operation conducted in Pakistan back in 2011. This admission thrust him into the limelight and brought his military career and actions into the global spotlight.

Pokemon universe continues to evolve, a captivating new animated series has stepped into the limelight, offering a fresh perspective on the world of Pokemon. Unlike the traditional focus on capturing and training Pokemon in the wild, the latest creation from The Pokemon Company, «Pokemon: Path to the Peak,» delves into the realm of the trading card game, shedding light on a different dimension of Pokemon mastery.

India was over the moon about landing on the Moon. And it was also the moment when a few hundred avowedly nerdy looking scientists at the mission control centre at Sriharikota became the darlings of over a billion proud Indians around the world. For once these Indians' adulation was not directed at a galaxy of cinema or sports superstars with their expensively maintained, sleek faces and bodies but at rows of exceedingly ordinary looking men and women, made extraordinary by the dint of their achievement: creating a totally indigenous mooncraft (Chandrayaan) that made a perfect landing on the Moon's south pole, a feat that no other nation has pulled off.

Aey kya tum maar rahe ho iske.. jor se maaro naa…chalo aur kiska number hai,(What are you doing? Why are you not beating him harder)" the teacher was heard saying asking the students. “I have declared jitne bhi Mohammedan (Muslim) bachhe hai…" the teacher is heard saying on camera and stirring up the small kids to physically harm children of a particular faith.