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«Government had queries on the plan regarding why do we believe that the market cap will go up and things like that. On the other side, they feel that if the timing is not right, the demerger as an effort may impact the government's effort of divestment in the OFS route,» says Arun Misra, CEO, Hindustan Zinc. Before we dive into your numbers, I want to talk about the big moves that we are seeing in commodity prices globally, be it zinc prices which have risen in the last one month, do you believe that this is the start of a commodity up cycle or maybe just temporary euphoria? No, we always had the news that zinc would hit $3,000 per tonne somewhere around December. So, it was expected that the growth will happen and maybe it is becoming faster than what it was predicted and I believe that it would cross that $3,000 per tonne mark somewhere around August or September. Already, it has touched 2850 and I do not see it coming back anytime soon.

₹100 crore and mother and baby healthcare company The Moms Co for ₹500 crore. The founders and IAN have despatched the notices since they were not paid the last tranche of payments due in January, the people cited above said on condition of anonymity. The Arc first reported that IAN has sent a ‘notice of default’ to the Good Glamm Group’s board.

Tesla has announced significant price cuts for its electric vehicles (EVs) in key markets, including China and Germany, as it grapples with declining sales and heightened competition. This move follows price reductions in the United States and comes on the heels of the company reporting a drop in global vehicle deliveries for the first time in almost four years. Price Adjustments to Boost Sales The price cuts aim to stimulate demand and regain market share in the face of increasing competition, particularly from more affordable Chinese EV manufacturers. Tesla has been facing challenges in maintaining sales momentum, and these price reductions are seen as a strategic response to current market dynamics.

Rajnish Wellness declared their Q4 FY24 results on 19 Apr, 2024, showing a remarkable performance. The company's revenue saw a significant increase of 314.67% Year-on-Year, reaching ₹0.28Cr in profit.

Top Events of the Day: Prime Minister Narendra Modi has intensified his campaign trail, hitting the stages in Jalore and Banswara, stirring the political atmosphere as the Lok Sabha elections heat up. Simultaneously, academic and career aspirations will peak as thousands download their admit cards for the UPSC CDS-1 Exam set for today.

Edition reported that the ruling PNC won 50 out of the 93 seats in the 20th People's Majlis, winning majority in parliament. As per the report, the majority in parliament is achieved by winning more than half the seats — that is 47 seats — "and a super majority can be reached by three fourth of seats, amounting to 70". Meanwhile, sun.mv reported that of the 203 seats where counting is complete, the PNC led by Muizzu bagged 59 seats, followed by Maldivian Democratic Party (MDP) at 10 seats and Independents nine seats.

the Dali, a massive cargo ship that veered off course and caused the deadly catastrophe last month. An estimated 3,000 to 4,000 tons of steel and concrete landed on the ship’s deck after it crashed into one of the bridge’s supporting columns and toppled the span, officials said at a news conference Friday. Crews will have to remove all that before refloating the stationary ship and guiding it back into the Port of Baltimore.

Congress leader Rahul Gandhi on Saturday alleged that Prime Minister Narendra Modi is running a «school of corruption» in the country where he himself is teaching under the subject 'Entire Corruption Science". In a post on X, Rahul said that the BJP has made this course mandatory for its leaders. «Narendra Modi is running a 'school of corruption' in the country! Where under the subject 'Entire Corruption Science', he himself is teaching each chapter including 'donation business' in detail,» he said.

ALSO READ: Andhra Pradesh Assembly Election: TDP, JanaSena announce first joint list of 118 seats — Room left for BJP? She was about to leave to campaign on Thursday when she was informed about a woman who was losing amniotic fluid — which can cause miscarriage — and had been referred to a hospital in Guntur, NDTV reported. According to another report, Lakshmi "was called for a medical emergency when the mother developed complications and there was no Gynae to attend immediately." ALSO READ: Telugu actor Pawan Kalyan to fight Andhra Pradesh elections from Pithapuram after BJP-TDP-JSP pact "The doctors at the private hospital had referred her [woman] to Guntur. I went there and conducted the surgery to save the mother and child," Lakshmi told NDTV.

News Wrap this Week: As we wrap up this week, a look at the top news headlines from from April 15 to April 21. India saw its first phase of voting for the mammoth Lok Sabha Elections 2024 on Friday, April 19. While a few areas in West Bengal and Manipur saw violence and exchange of gunfire, the first phase of polling was "largely peaceful across 21 States/UTs", the Elections Commission of India (ECI) said.

Covalent (CQT) has reported significant growth in active wallets using its data, now surpassing 280 million across the Web3 ecosystem, up from +240 million at the beginning of January 2024. This increase underscores Covalent’s substantial impact and its commitment to delivering structured, comprehensive and verifiable blockchain data provides performant structured onchain data to downstream consumers like AI. Serving as the backbone for a wide range of applications, from DeFi to AI, Covalent is pivotal in navigating the challenges of modern blockchain data needs and driving innovation across multiple sectors.

fire broke out at the Ghazipur landfill site in Delhi on Sunday evening, as confirmed by officials. Fire tenders are currently on the scene, working to extinguish the flames. The exact cause of the fire is still under investigation, and further details are awaited. Earlier on the same day, another massive fire occurred in the ground area of an under-construction complex of the new Central Secretariat in Delhi, according to officials. This complex is part of the Union government's ambitious Central Vista project. Visuals from the scene show fire officials actively working to put out the blaze. The Delhi Fire Service received information about the fire incident at 6:01 pm and immediately dispatched 8 fire services to the spot.

INDIA bloc has done well in the first phase of Lok Sabha polls held across the country on April 19, senior Congress leader Digvijaya Singh claimed on Sunday. Singh has been fielded by the Congress from his home turf Rajgarh in Madhya Pradesh. «Good news is coming for INDIA bloc from several places in the first phase of Lok Sabha polls. BJP is not getting the success they expected in their strongholds. They are nervous,» Singh told reporters in Ajgari village, which is part of Chachoda assembly segment under Rajgarh LS seat. He claimed Union Minister and BJP heavyweight Nitin Gadkari «is in trouble» in Nagpur, though he did not elaborate. Two-time MP Gadkari is pitted against the Congress' Vikas Thakre in Nagpur Lok Sabha seat. The BJP used to speak about «Congress-mukt Bharat» but the ruling party itself has become «Congress-yukt» as half of its candidates in the general elections are defectors from the grand old party, the former MP chief minister claimed.

ALSO READ: T20 World Cup | BCCI meeting over Hardik Pandya’s selection; here’s what Rohit, Dravid, Agarkar decided: Report "Because he's not getting many opportunities, I hope selectors won't forget about Rinku Singh. He's a straight walk-in into the Indian team.

People reported quoting Grant Harrold, a former royal butler to King Charles. Harrold served on staff for King Charles and Queen Camilla from 2004 to 2011. Describing what the celebration for the late Queen's birthday would look like for the royal family, Harrold told People that the royal family will raise a toast in honor of Queen Elizabeth in the evening as a tribute to her and "will very much" spend the day reflecting on her memories.

Venice, another Italian town may soon implement measures to combat overtourism, symbolically creating barriers, as reported by The Sunday Times. The picturesque city of Como, situated along the renowned Lake Como, is considering implementing a tourist levy for daily visitors. The specific fee has not been finalized yet. The timing for when the new measure would go into effect isn't clear either, but Como Mayor Alessandro Rapinese said representatives are already trying to draft up more guidelines.

ALSO READ: ‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets Wrap April 25 (Thursday) will see the release of the US GDP (gross domestic product) data for the first quarter. On April 26 (Friday), data on PCE index will be unveiled. Following companies are due to report quarterly earnings in the week ahead— Verizon, Truist, Albertsons Companies, Visa, Tesla, PepsiCo, Texas Instruments, Philip Morris International, UPS, Lockheed Martin, Mattel, General Motors, Meta Platforms, IBM, AT&T, Boeing, Chipotle, General Dynamics, Hilton Worldwide, Ford Motor, Microsoft, Alphabet, Merck, Caterpillar, Comcast, Intel, Altria Group, TotalEnergies, Exxon Mobil, AbbVie, Chevron, and Colgate-Palmolive.

CBI) probe into the murder of Neha, "if the Karnataka police unable to handle the investigation of the case". Neha was stabbed to death by her former classmate in the premises of her college in Karnataka's Dharwad on April 18 sparking widespread protests across state.

HDFC Bank managing director Sashidhar Jagdishan said the lender «will not be chasing growth for the sake of growth» and «will be delighted even if the margins remain at the current levels». Addressing analysts on Saturday, soon after the bank declared its fourth quarter results, he declined to give any guidance but said the bank will have a positive bias towards growth over the next two to three years. He urged investors to be patient as the bank is going through a transition period following the merger with parent institution Housing Development Finance Corporation last July. Comparing HDFC Bank's transition period to the construction of the coastal road (in Mumbai connecting Marine Drive to Worli), he said: «It's like the coastal road when it was getting built; we were all sort of having a lot of problems with it, we were trying to navigate our traffic around it, but now when it's up and running you know people are so delighted.»

People’s Republic of China’s (PRC) Central Military Commission (CMC), the apex military bureaucracy, held the founding meeting of the new Information Support Force (ISF) on April 19, 2024. The Chinese Communist Party General Secretary and Chairman of the CMC, Xi Jinping, awarded the military flag to the ISF. It was later announced that the People’s Liberation Army Strategic Support Force (PLA SSF) would cease to exist. Formed on December 31, 2015, the PLA SSF centralised space, cyber, electronic and psychological warfare capabilities into a single service. It was formed to create synergies between various advanced warfighting capabilities and was hailed as instrumental in achieving Xi’s stated goals of modernisation, informatisation, and converting the PLA into a world-class army. With this change, the PLA now has a new system with four services — the Army, Navy, Air Force and Rocket Force, and four arms — the Aerospace Force, Cyberspace Force, Information Support Force and Joint Logistic Support Force. What is Information Support Force?

Centre for Ecological Sciences (CES) of Indian Institute of Science, Bengaluru, figured a way for the IT hub to stay water surplus. On an average, 20.05 TMC (thousand million cubic feet) of water is required every year for domestic purposes, CES's technical report established. Of which about 16.04 TMC, about 80 percent, could be met just by treating sewage water, suggested the report. Add to this, the rain yield, which is about 14.80TMC a year and Bengaluru could easily meet its water needs, the report stated. Cut to 2023. Some apartment owners of Emmanuel Heights in Hosa Road, Sarjapur, proposed setting up a sewage treatment plant in October. Little did they know that it would take them almost six months to convince the others. «They all agreed only after the firm setting up the sewage treatment equipment put it in the agreement that they will buy all the treated water. Many people were adamant that not a drop of the treated water should be used inside the complex. Forget drinking, they did not even want the treated water for watering the plants, because they have the tulsi plant,» said Gopidas, a software engineer at Amazon who resides at Immanuel Heights. S Vishwanath, Bengaluru's go-to man for water conservancy and director of Biome Environmental Solutions is a long-time advocate of treated wastewater for drinking. According to him, it is now all in the mind, as science has already shown that it is perfectly fine to drink treated wastewater.