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Sebi has proposed to replace the term 'consent letter' with 'debenture trustee agreement'. The change will streamline the process for appointing debenture trustees in the issuance of securities, ensure transparency in the appointment of debenture trustees, and play a crucial role in the securities market. In a consultation paper floated on Saturday, the markets watchdog proposed replacing the term «consent letter» with «debenture trustee agreement» in Sebi's (Issue and Listing of Non-Convertible Securities) rules or NCS regulations.

Godrej Consumer Products Ltd. traded 0.16 per cent down at Rs 1401.55 at 02:05PM (IST) on Monday, even as BSE benchmark Sensex dropped 3.82 points to 80433.02. The scrip had closed at Rs 1403.8 in the previous session. The stock quoted a 52-week high price of Rs 1524.7 and 52-week low of Rs 959.55, respectively. As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 4787 shares with a turnover of Rs 0.67 crore.

Brokerage firm Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods' aggressive palm oil plantation plan within its edible oils business. The brokerage firm noted, «Patanjali is poised to leverage the strong premiumisation drive in its foods business.»

Jammu and Kashmir Assembly elections, Union Minister and Telangana BJP president G Kishan Reddy on Monday said that under the leadership of party National President and Union Minister JP Nadda, the names of the candidates will be finalised soon. On the BJP Election Committee meeting at the party office, Reddy said that the final decision on the candidates will be of the national election committee. «The final decision will be of the national election committee. The state election committee will recommend the names, then we will recommend a panel from that. Finally, under the leadership of BJP National President and Union Minister JP Nadda ji, the names of the candidates will be finalised...As the last date for nomination is August 27, it will be announced this week only,» he added.

Dr Lal PathLabs, Sun TV, and 19 other companies are expected to be in focus today, as they have set August 20 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to purchase shares of these companies to qualify for the announced dividends.

The Nifty50 closed 397 points higher at 24,541 on Friday, while the Indian VIX fell over 6% to close at 14.40.

Buy or sell stocks for today: Following strong global market sentiments, the Indian stock market ended higher on Friday as ease in the US recession fear renewed the US Fed rate cut buzz. The Nifty 50 index finished 396 points north at the 24,540 mark, the BSE Sensex shot up 1,330 points and closed at 80,436, while the Bank Nifty index gained 788 points and ended at 50,515.

Breakout stocks to buy today: Following strong global market sentiments, the Indian stock market ended higher on Friday as ease in the US recession fear renewed the US Fed rate cut buzz. The Nifty 50 index finished 396 points north at the 24,540 mark, the BSE Sensex shot up 1,330 points and closed at 80,436, while the Bank Nifty index gained 788 points and ended at 50,515. In the broad market, the BSE Small-cap index skyrocketed 1.70 per cent, whereas the Mid-cap index shot up 1.80 per cent during Friday deals.

Padma awardee doctors have urged Prime Minister Narendra Modi to quickly enact a special law addressing violence against healthcare professionals following the Kolkata rape-murder incident. They recommended an immediate ordinance to enforce «the harshest possible punishment» for those who engage in physical or verbal violence against healthcare workers. These demands come in the wake of the alleged rape and murder of a woman trainee doctor at R G Kar Medical College and Hospital, coupled with accusations of a botched investigation and cover-up. Healthcare professionals and organizations, including the Indian Medical Association (IMA), have launched widespread protests advocating for a central law to ensure medic safety. Notable signatories of the letter include Dr. Balram Bhargava, former Director General of ICMR, Dr. Randeep Guleria, former AIIMS Delhi Director, and Dr. S K Sarin, Director of the Institute of Liver and Biliary Sciences. In the letter, the doctors have expressed their significant concern and called for PM Modi's immediate intervention. The letter emphasizes the brutal nature of the event and the urgent need to address violence, especially against women, girls, and healthcare professionals.

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Kolkata: The West Bengal government announced a slew of measures to ensure the safety of women in workplaces, particularly at state-run hospitals, where they have to work on night shifts, too, including designated retiring rooms and CCTV-monitored 'safe zones'. Chief Advisor to Chief Minister Mamata Banerjee, Alapan Bandyopadhyay, announced the measures during a press meet here on Saturday, amid continuing protests by doctors across the state against the alleged rape and murder of a medic at RG Kar Medical College and Hospital. Apart from hospitals and medical colleges, hostels and other places engaging women during night shifts will now come under the ambit of a flagship programme 'Rattirer Sathi — Helpers of the Night', comprising volunteers, he said. The state government has also decided to develop a mobile application with alarm devices, which can be downloaded by women and used for communication with the respective local police stations in case of any emergency.

Haryana Chief Minister Nayab Singh Saini announced that the state cabinet has accepted the Haryana Scheduled Caste Commission Report on Saturday. He added that a 20 per cent quota in government jobs will be reserved for scheduled castes in the state. While addressing a press conference in Chandigarh, Saini said, «Today, the Haryana Scheduled Caste Commission Report was accepted by the cabinet. A 20 per cent quota in government jobs will be reserved for scheduled castes, with the commission recommending that 10 per cent of this quota be allocated to the deprived scheduled castes.» He further stated that the rule would be implemented after the assembly elections, in adherence to the code of conduct provided by the Election Commission of India.

mpox were reported in Africa since the beginning of the year, including 1,200 cases in one week alone, the African Union health agency said Saturday. The figure accounts for three strains of the virus, of which one is the new more deadly and more transmissible Clade 1b which prompted the World Health Organisation (WHO) on Wednesday to declare an international health emergency — the agency's highest alert.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Budget 2024 brought about several changes to the capital gains structure, tax deducted at source (TDS), and other related aspects. However, if you are a senior citizen, many of these changes may not have a significant impact on you. It is essential for senior citizens to understand the implications of Budget 2024 and how it will affect their tax planning.

gold prices. An analysis by rating agency Crisil showed that gold loans grew more than 20% in June over May 2024. Most banks and NBFC have maintained an LTV (loan-to-value) ratio of 60-65% despite regulatory requirements of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget.

Taiwan tracked 13 Chinese aircraft and seven Chinese vessels around its territory until 6 am on Saturday. According to Taiwan's Ministry of National Defence (MND), 12 of the aircraft crossed the median line and entered Taiwan's northern, south-western, and eastern air defence identification zone (ADIZ). It added that Taipei has monitored the situation and «responded accordingly.»

Despite recent interest rate cuts, the Canadian real estate market remained slow this summer.

Most banks and NBFC have maintained an LTV ratio of 60-65% despite regulatory requirement of 75% which gave them a cushion when gold prices fell after the import duty was lowered in the budget. “Early evidence of growth momentum is seen in the disbursements for June 2024, which were 12% higher than the average monthly disbursements in the preceding quarter,” said Ajit Velonie, Senior Director, Crisil Ratings.

Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed norms, the quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole-time director. In the absence of all of them, it should be signed by any other director of the listed entity who is duly authorised by the board of directors to sign the financial results.

India has initiated an anti-dumping probe into the import of hot rolled steel products from Vietnam following a complaint by a domestic manufacturer. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping of 'hot rolled flat products of alloy or non-alloy steel'. According to the DGTR notification, Indian Steel Association has filed an application on behalf of domestic producers — JSW Steel Ltd and ArcelorMittal Nippon Steel India Ltd — seeking initiation of an anti-dumping investigation on imports from Vietnam. The applicants have alleged that the product is being imported at dumped prices which is causing material injury to the domestic industry.