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Supreme Court is scheduled to pronounce its verdict on Tuesday in a plea filed by former Andhra Pradesh Chief Minister Nara Chandrababu Naidu seeking to quash the FIR and criminal proceedings against him in the Skill Development scam case. Justices Aniruddha Bose and Bela M Trivedi will deliver the verdict on January 16 at 1 pm on a special leave petition filed by the Naidu against the Andhra Pradesh High Court's order of September 22, 2023, denying him relief. The top court had reserved the order on the plea for October 17, 2023. Naidu had approached the top court seeking quashing of the FIR and cited Section 17A of the Prevention of Corruption Act, 1988, to challenge his arrest by the Andhra Pradesh police's CID in a skill development scam.

Overview

wage hike could be on the horizon as the central government considers adopting the suggestions of a high-level expert panel, The Economic Times reported. Officials anticipate that the recommended floor wage, set by an expert committee led by SP Mukherjee since 2021, might be enforced before the upcoming general elections scheduled for April-May this year, it added. The committee, established for a three-year term until June 2024, is on the verge of submitting its report, sources told the paper.

IPO) of Medi Assist Healthcare opens for subscription today. The issue, which closes on January 17, is completely an OFS of 2.8 crore shares. Ahead of the issue launch, the company has raised Rs 351 crore from anchor investors. Prominent names who participated in the anchor round include Nomura, Goldman Sachs, Pinebridge Global, Troo Capital and HSBC. The company will not receive any funds from the IPO since it is completely an OFS and the entire proceeds will go to the selling shareholders. Medi Assist Healthcare provides third party administration services to insurance companies through its wholly owned subsidiaries. A third party administrator is an organization that processes health insurance claims for insurance companies and provides services such as policy administration, customer service and network management, among others. Some of the company's strengths include a well established business model, scalable technology-enabled infrastructure, longstanding relationships with the majority of insurance companies and experienced management team and marquee shareholders. Read more: IPOs this week: Medi Assist Healthcare, 2 SME issues on the radar for investors

“The recommended allocation suggests 50-60% in equities, 15-20% in debt instruments, and the remaining split equally between Gold and cash, tailored to one's liquidity requirements,” says Mayuresh Joshi, Head of Research — Equity, William O'Neil India. In an interview with ETMarkets, Joshi said: “We might see increased allocation towards infrastructure which will have a multiplier effect on the economy. Railway and Defense sectors are expected to be under the limelight in the upcoming interim budget,” Edited excerpts: 2023 closed on a strong note – how do you see 2024 for markets? Mayuresh Joshi: According to our O’Neil lens, Indian markets are looking strong at the moment as markets are trading very close to their all-time highs with no foreseeable resistance at this moment.

Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 15 On Friday last week, the Indian stock market indices ended the volatile session with strong gains, primarily driven by the stellar performance of IT giants such as Infosys and TCS. Today, stocks of Wipro and HCL Technologies may remain in focus after they declared their earnings after the market hours on Friday.

Buy or sell stocks for today: Despite weak global cues, the Indian stock market extended its winning streak for the fourth straight session on Friday. Nifty 50 index finished at the 21,894 level after climbing to a new peak of 21,928. BSE Sensex ended at the 72,568 mark after hitting a new peak of 72,568.

Shaktikanta Das, Reserve Bank of India (RBI) governor, deviated from his prepared speech while delivering the keynote address at Mint’s recent BFSI Summit and provided a couple of interesting asides. The governor’s office, he said, had been encouraging one-on-one discussions with bank chief executives and a spirit of free exchange had allowed RBI to pick up industry trends that would have otherwise reached the central bank much later. Consequently, the central bank’s regulatory actions were occasionally based on such inputs.

Lupin announced on Sunday, January 14, that it has received approval from the US health regulator to market a generic drug to treat migraine and hypertension. The Mumbai-based company has received the nod from the US Food and Drug Administration (USFDA) for Propranolol Hydrochloride extended-release capsules in multiple strengths, said Lupin Ltd in a regulatory filing to the stock exchanges today. The company's product is the generic version of ANI Pharmaceuticals' Inderal LA extended-release capsules, it added.

2.L&T | Recommendation: Buy | CMP: ₹3,560-3,530 | Target: ₹3,800/4,000 | Stop Loss: ₹3,450 Larsen & Toubro (L&T) is poised for a breakout from an upward consolidation range, consistently finding support at its 20DMA. The momentum indicator RSI has recently turned positive with a crossover, confirming the bullish momentum.

Earnings season is set to kick off with results from some of America's biggest banks, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) — due tomorrow before the market opens.

IPO) of Epack Durable will open for subscription on January 19 and will be available for the public to bid till January 23. The IPO comprises a fresh equity issue of up to Rs 400 crore and an offer for sale (OFS) of up to 10,437,047 shares by selling shareholders. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, Ajay DD Singhania, Pinky Ajay Singhania, Preity Singhania, Nikhil Bothra, Nitin Bothra, and Rajjat Kumar Bothra are the promoter and group entities selling part of their stake in the company. Bajrang Bothra, Laxmi Pat Bothra, Sanjay Singhania, and Ajay DD Singhania, collectively hold 42.90% in the company. India Advantage Fund and Dynamic India Fund, the two funds managed by ICICI Ventures, will also sell stake in the company.

Weekends are all about downtime. After a week full of work to meet deadlines, everybody needs some breather to relax and recuperate. From watching a favourite web series to planning a vacation, weekends are designated as family and me time. Sahil Gupta, co-founder, MyMuse, talks to BrandWagon Online about his weekends, favourite vacation destination and more.

By Jerry Kingsley

dopamine functions,” he says. Sharma is a professor of clinical psychology at NIMHANS (National Institute of Mental Health and Neurosciences) in Bengaluru. He is also a coordinator at the institute’s clinic SHUT, which expands to Service for Healthy Use of Technology.

Siddaramaiah on Saturday said BJP MP Pratap Simha is scared and that is why he is saying that my son Yathindra will contest against him in the upcoming Lok Sabha elections from Mysuru-Kodagu constituency. The chief minister said the decision to give tickets are based on the recommendations of MLAs, local leaders and party office bearers of the constituencies and not based on individual choice.

WASHINGTON — In a significant shift in federal drug policy, the Department of Health and Human Services (HHS) has recommended reclassifying cannabis from a Schedule I to a Schedule II substance, acknowledging the plant's medical utility. This recommendation, revealed through documents obtained by a Freedom of Information Act (FOIA) request, is now pending approval from President Biden.

volatility in the global financial markets. Apart from this, leap years too have seen a lot of volatility. Statistics show that Indian markets face drawdowns of about 25% every 3.5 to 4 years. 2024 is a leap year and this pattern too adds up to the overall market volatility. Current Euphoria in the markets is evident through the rapid and exponential surge in the share prices of several penny stocks.

Radico Khaitan's Rampur Asava Indian Single Malt Whisky has been awarded the Best World Whisky in the 2023 edition of the prestigious John Barleycorn Awards. In 2023, the IMFL-made whisky became the only Indian whisky brand in the Top 100 Premium Wine and Spirits Brands of the World 2023. Rampur Asava will soon be available for Whisky aficionados in the Indian domestic market. Elaborating on this award, Rampur Asava’s quality and unique characteristics were highlighted by the John Barleycorn Awards. “Rampur’s innovative approach to the ageing process distinguishes it from other world whiskies.

personal loans has brought a sigh of relief to borrowers by eliminating the laborious task of completing forms and managing stacks of paperwork. To navigate the process of securing an instant loan through a paperless approach, it is essential to consider some essential key points.

Maharashtra has been marked as India's first Dark Sky Park and the fifth such park in Asia for protecting the night sky and preventing light pollution, making the facility ideal for astronomy enthusiasts. The International Union for Conservation of Nature (IUCN) emphasises on the recognition of the intrinsic value of the night sky as a natural, cultural, and historical resource.