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14.11 / 02:45
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TMC MP Matua Moitra becomes District President of Nadia amid cash for query row
Trinamool Congress appointed party MP Mahua Moitra as Nadia (Krishnanagar) District President on Monday ahead of the 2024 Lok Sabha polls, sending a message that it stands by her, amid controversy over the Ethics Committee's recommendations about her expulsion as Member of Parliament. Following her new political appointment, Moitra took to her X handle and said, «Thank you @MamataOfficial and @AITCofficial for appointing me District President of Krishnanagar (Nadia North). Will always work with the party for the people of Krishnanagar.» Moitra was caught in major controversy over past few weeks over allegations of «cash for questions» case. On Monday, Trinamool Congress announced a revised list of district presidents for the state's 35 organizational districts.
14.11 / 00:37
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Stock Market Holiday: BSE, NSE to remain closed today on account of Diwali Balipratipada
Stock Market Holiday: Stock market today: The Indian stock market will remain closed today, November 14, 2023 on account of Diwali Balipratipada. There will be no trading in the equity segment, equity derivatives segment, and SLB segment. The currency derivatives market is also shut for trading today.
13.11 / 22:34
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Morningstar
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The 4% rule is back, but it’s not really a rule
One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so.
13.11 / 18:56
FIVE
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India gets ready with rare earth R&D push
NEW DELHI : India is scaling up efforts to secure supplies of critical and rare earth minerals, with the mines ministry inviting research and development proposals for mining technology, including deep-sea and green mining, from academic institutions. India’s plan is to establish and support R&D projects, focussing on critical, rare earth and deep-seated minerals like lithium, nickel and tungsten over three years.
13.11 / 18:41
Google
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a16z-Backed Stelo Labs Ceases Operations Today, October 31, 2023
Today marks the cessation of operations for Stelo Labs, in accordance with their earlier announcement on October 17, 2023. The termination affects all Stelo products, including the widely recognized Stelo Chrome extension, which will no longer simulate transactions henceforth. This step has been undertaken to avert the risk of potential phishing attacks on users. The firm had recommended users to transition to alternative secure platforms such as Pocket Universe, Fire, or Wallet Guard.
13.11 / 17:23
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Drug-resistant salmonella outbreak spreads across Canada, affecting many kids
drug-resistant” salmonella infections has spread across six provinces, affecting many children aged five and under, prompting a public health notice.On Saturday, the Public Health Agency of Canada (PHAC) issued a public health notice saying it, along with the Canadian Food Inspection Agency (CFIA) and Health Canada, launched an investigation into the salmonella outbreak, revealing raw pet food and cattle contact as likely culprits.“Many of the individuals who became sick are children five years of age or younger. Illnesses associated with this outbreak strain may be difficult to treat with commonly recommended antibiotics, if antibiotic treatment is needed,” PHAC said in a statement.The outbreak is still ongoing, as illnesses continue to be reported to PHAC.After investigating the outbreak, PHAC said two sources were identified.The first source was linked to exposure to raw meat prepared for pets.
13.11 / 16:33
Reuters
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FIIs sell ₹1,244 crore in Indian equities on rupee weakness, DII buying moderates as Nifty 50 consolidates post-Diwali
₹830 crore today, which was much lesser than the foreign capital outflow on a weaker rupee. As per the NSE data, FIIs cumulatively bought ₹5,991.24 crore of Indian equities, while they sold ₹7,235.68 crore --- resulting in an outflow of ₹1,244.44 crore on Monday. Meanwhile, DIIs invested ₹5,613.86 crore and offloaded ₹4,783.46 crore, registering an inflow of ₹830.40 crore.
13.11 / 16:33
Provident
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Handcuffs should not be used for economic offenders, suggests parliamentary panel | Here's why
PTI reported. The Bharatiya Nagarik Suraksha Sanhita (BNSS-2023) bill was introduced in the Lok Sabha on August 11, along with the Bharatiya Nyaya Sanhita (BNS-2023) and the Bharatiya Sakshya Adhiniyam (BSA-2023) bills.
13.11 / 16:33
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Colleges
Top Liberal-Arts Colleges in the Northeast
Amherst College is the top liberal-arts college in the Northeast, according to the WSJ/College Pulse 2024 Best Colleges in the U.S. ranking. Amherst, rated No.
13.11 / 16:33
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The 4% Rule for Retirement Is Back
For those wondering if now is a good time to retire, here’s some encouraging news: The 4% rule is back. Thanks to higher interest rates and bond yields, it is likely safe for new retirees to spend 4% of their nest eggs in their first year of retirement and then to adjust that amount for inflation in subsequent years, according to a new analysis from Morningstar released Monday. Though 4% had long been the gospel of retirement math, retirees in recent years were warned that starting at that spending rate raised the risk of running out of money.
13.11 / 16:33
IPO
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band
2020
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Protean IPO up 12.5% on day one, post muted debut
₹792. It rose as much as 12.5% during the day, before trimming some of the gains to close at ₹883. “Seven of the company’s 15 investors sold a small portion of their stakes to help achieve the listing status, but all existing shareholders are invested and believe in the company’s growth story," Protean eGov Technologies Ltd’s managing director and chief executive, Suresh Sethi told Mint. “The price band was set after taking inputs from shareholders and investors.
13.11 / 16:27
Maxim
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Petrobras: Is Oil Giant's Mighty 23.3% Dividend Yield Worth the Risk?
One of the world's largest oil and gas exploration, production and marketing companies, Petroleo Brasileiro Petrobras (NYSE:PBR) released its Q3'23 earnings last Thursday, November 9. Although the figures were slightly disappointing on a first impression, with a big drop in profit, InvestingPro still sees an interesting future for the Brazilian giant.
13.11 / 12:00
Reuters
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2020
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Israel weapons makers leave stands empty at Dubai Airshow
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13.11 / 12:00
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Suella Braverman sacked as UK home secretary in cabinet reshuffle
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13.11 / 11:07
IPO
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Protean eGov Technologies makes a flattish debut. Should you exit or hold?
Protean eGov Technologies was slightly below expectations given the healthy subscription response for the public offer. The stock listed at Rs 792, which is the same as issue price. However, there was some buying interest in the counter post the listing as stock rose about 12% intraday. The IPO, which was entirely an offer for sale of 61.9 lakh shares, was booked 24 times at close. «We believe the overhang and flat listing was due to offer structure, which is entirely an OFS and hence the company will not get any money from the offer for future growth,» said Prashant Tapse of Mehta Equities. Analysts advised short-term investors to book profits, while those looking at the longer horizon may hold the stock. «Protean eGov Technologies is a monopoly player, but the growth has already matured.
13.11 / 10:49
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Stock Market Today: Nifty 50, Sensex end lower; elevated dollar, US treasury yields weigh on sentiment
BSE Midcap index rose 0.10 per cent while the Smallcap index ended with a nominal loss of 0.01 per cent. Also Read: Mid, smallcap valuations stretched: Ashoka Buildcon, Colgate Palmolive, smaller IT stocks top bets Also Read: Excitement and worry as stock options trading booms in India Shares of Coal India (up 5.26 per cent), Eicher Motors (up 1.69 per cent) and Hindalco (up 1.11 per cent) ended as the top gainers in the Nifty 50 index. Also Read: Coal India share price hits 52-week high as brokerages raise target price on strong Q2 results Shares of SBI Life Insurance Company (down 2.26 per cent), Bajaj Finance (down 1.25 per cent) and Grasim Industries (down 1.24 per cent) closed as the top losers in the Nifty 50 index.
13.11 / 10:49
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Goldman Sachs raises Indian shares to ‘overweight’ on growth, earnings momentum
Also Read: China's spending on green energy is causing a global glut The Wall Street brokerage expects India's real economic growth to be 6.5% in 2023 and 6.3% in 2024 - the highest among large economies in the region, but slightly below the Indian central bank's target of 6.5% for fiscal 2024. The benchmark Nifty 50 jumped about 31% between March 2021 and October 2023, a period during which domestic investors remained net buyers each month, helping tide over sustained sales by foreign investors.
13.11 / 10:49
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Stock market today: Yes Bank shares jump 6% after NPA portfolio update. Experts see more upside
Stock market today: Despite weak market sentiments, Yes Bank shares are attracting strong buying interest during Monday deals. After opening flat during early morning session on Monday, Yes Bank shares attained bull trend all of a sudden and touched intraday high of ₹19.50 per share on NSE, logging near 6 per cent rise from its close price of ₹18.40 on NSE during Muhurat trading session on Sunday.
13.11 / 10:49
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Biocon: Should you buy the stock after Q2 results? Here's what brokerages say
₹3,462 crore, indicating a 49% increase compared to the Q2FY23 revenue of ₹2,320 crore. However, on a quarter-on-quarter (QoQ) basis, it remained flat. The biosimilars segment contributed to this growth, with a 97% YoY increase to ₹1,969 crore in Q2 FY24.
13.11 / 10:49
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Colgate-Palmolive
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Mid, smallcap valuations stretched: Ashoka Buildcon, Colgate Palmolive, smaller IT stocks top bets
Geojit Financial Services Dr Vijayakumar, who though feels that IT, mid caps will outperform large caps. Also Read- Mauritius-based FII buys stake in this multibagger energy stock Ambreesh Baliga, Independent market expert said that the momentum in the mid and small caps is keeping investors interested in the space. However the valuations are stretched now.
13.11 / 10:35
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United Breweries, Maharashtra Scooters among 5 stocks with RSI trending up
Relative Strength Index (RSI). This article breaks down the significance of RSI and sheds light on five handpicked stocks that could be signaling potential opportunities for investors. Relative Strength Index, commonly known as RSI, is a momentum oscillator that measures the speed and change of price movements. It is used to identify overbought or oversold conditions in a market, offering insights into the stock's potential direction. RSI readings above 70 indicate that a stock may be overbought, signaling a potential reversal or pullback.
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