Limelight Financial News

Vivek Ramaswamy, an unexpected presence just a few months ago – a tech entrepreneur and newcomer to the political arena. Despite trailing behind Trump in the polls, Ramaswamy has steadily risen in recent surveys, securing his position alongside DeSantis at the center stage. His adeptness in leveraging video-ready communication and delivering a well-crafted message became evident as he shared his narrative of humble beginnings, underscoring his parents' immigrant journey and his subsequent founding of billion-dollar enterprises. A notable highlight from the debate was Ramaswamy's bold pledge to grant Trump a pardon if given the opportunity. Expressing his conviction, Ramaswamy unreservedly labeled President Trump as the standout leader of the 21st century.

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Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company in as a shareholder in 2016, when an existing investor, New York-based investment fund Tiger Global, sold its 62% stake in CaratLane to Titan in a deal that valued the startup at Rs 536 crore.

Silver prices fell significantly in recent weeks, dragged down by concerns over Chinese demand, a strong recovery in US yields, and a firmer dollar. In the benchmark London Spot market, prices corrected more than 12% in the last one month while losses were limited to 9% in domestic futures due to a weak Indian rupee. Silver returned to the limelight in May when prices surged to near one-year high.

DELHI, BENGALURU : The Securities and Exchange Board of India (Sebi) has intensified its scrutiny on promoter classification of companies looking to go public, with the markets regulator’s observations prompting at least six companies in the past three months to include individuals or entities as promoters, according to three people familiar with the developments and filings reviewed by Mint. Questions were recently raised by securities lawyers and proxy advisory firms on founders of money-losing startups continuing to retain control of the companies even though they classified themselves as public shareholders.

Spotlight Hour schedule. With Pokémon like Paras, Stufful, and Venonat set to take center stage, trainers worldwide can anticipate a thrilling month of boosted encounters and exciting bonuses.

lab-grown diamonds have slumped 28.57% year on year in the first four months of the current fiscal despite government backing, but industry insiders expect numbers to pick up this month onward after a price correction in July. Manufacturers of lab-grown diamonds (LGD) – which are 80% cheaper than natural diamond – also claimed that export volumes have increased with the US being the largest importer.

Maha Vikas Agadhi(MVA) member Uddhav Thackeray noted that ‘frequent meetings’ between the Pawar duo is tarnishing the image of Sharad Pawar. The unpredictable developments in the partisan politics scenario on Maharashtra has heightened the probability of trouble in the already tumultuous political scenario of the state, that began with Eknath Shinde's rebellion in 2022, leading to the downfall of the then incumbent Uddhav Thackeray government. News of Ajit Pawar faction NCP members meeting Sharad Pawar had been in limelight for a few weeks.

Midcap and smallcap stocks have registered strong gains in the recent months and outperformed their largecap peers. Torus Oro Portfolio Management Ltd believes that this segment of the market can drive consistent alpha generation for investors. “The mid and smallcap space provides ample opportunities to invest in businesses having great growth prospects, product differentiation, and improving business economics,” said Nitin Agrawal, CEO of the portfolio management firm. Agrawal, however, said it was important to keep in mind the underlying risk and fundamentals in check. Edited excerpts:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?India’s growth story has picked up momentum over the last few months, leading benchmark indices to lifetime highs. Despite the weak global macro factors, the Indian economy witnessed rising growth momentum, moderation in inflation and better trade balance. Further, Indian companies reported strong revenue growth and improvement in margins. This led to increased allocation from FIIs and, thus, India witnessed strong fund inflows over the last few months. Even at the current levels and based on expected EPS growth, we believe that the Indian market is fairly valued. We are comfortable with valuations from a long-term horizon perspective.

The commanding performance of Nicholas Pooran and Brandon King propelled the West Indies cricket team to a triumphant victory, securing a 3-2 win in the five-match T20I series against India. The thrilling contest unfolded on August 13 at the Central Broward Regional Park Stadium Turf Ground. Brandon King who seized the limelight, amassing an unbeaten 85 runs from 55 deliveries.

By Tim Reid

Bloomberg News reported on Tuesday. The findings came as a big boost for Novo Nordisk with its stocks touching as high as 16.7%. The demand for Wegovy is already high in the market with the company getting a hard time keeping up with manufacturing and the new study is expected to boost demand further.

Student visa fraud: The Canadian Border Service Agency have currently narrowed down their suspect list of fraud cases where students entered the country taking unfair advantage of the system to 300, sharply bringing it down from 2,000 cases as were reported earlier. On 23 June, Reuters had reported that Canadian authorities had taken into custody, one Brijesg Mishra, an immigration agent from Jalandhar. On 24 July, the Canadian Border Services Agency (CBSA) has laid charges against Brijesh Mishra for his involvement in defrauding 700 Indian students.

The cryptocurrency universe is always evolving, and the newest disruptor to enter this dynamic space is Borroe. Seamlessly combining advanced AI-powered risk analysis, robust blockchain technology, and smooth payment processes, Borroe is redefining fundraising in the digital age. Meanwhile, more established cryptos like Solana’s SOL experience wild fluctuations amid market uncertainty. 

The district attracted attention in recent years after the sensational murder of DSP Surender Singh, who was crushed to death during a raid to stop illegal mining in the Aravali area. Nuh, located less than 100 km from the national capital, is again in the limelight due to the communal violence that erupted on July 31 in an attempt to stop a Vishva Hindu Parishad (VHP) procession. However, several factors have contributed to this transformation.

Manipur viral video which saw two Kuki Zo women being paraded naked by a mob of Meitei men has rocked the nation. The the sexual harassment that allegedly took place on 4 May came to limelight only in July, which then witnessed massive outrage.

Quran in front of foreign embassies in Denmark, the country's Foreign Minister Lars Lokke Rasmussen said as quoted by AL Jazeera. In an official statement, Rasmussen condemned the burnings, saying that they are deeply offensive and reckless acts committed by a few individuals.

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Indian Railways trains, there is no end to incidents of finding insects inside IRCTC's meals. In a recent incident, a passenger travelling from the ultra-luxurious Vande Bharat Express train found a cockroach rolled in the chapati served in the meal. Also Read: Kerala to get second Vande Bharat train soon, will operate on Kasaragod- Thiruvananthapuram route The images showed a small insect stuck to one of the rotis.

A Hyderabad woman pursuing a master's degree in the US was found starving on the streets of Chicago. The student, who was studying at TRINE University in Detroit, Chicago but, lost her bags, certificates during a robbery and was then left to starve on the streets. Her mother, Syeda Wahaj Fatima said, “My daughter had gone to the US for her masters in 2021.

Netra Jyothi College director Rashmi Krishna Prasad said the incident occurred on Wednesday and the students were suspended the very next day. The matter came to limelight when the victim of the paramediacal college in Udupi informed her friends about the unconsented filming the three female students indulged in, and the friends informed the management. The three students, Shabhnaz, Alfiya and Aleema, have been named in an FIR.