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22.01 / 19:33

Southern reports Earthquake jolts Delhi-NCR after 7.2 tremor hits China

earthquakes were felt in the Delhi-National Capital Region after a quake struck northern India on Monday late night. An earthquake of 7.2 magnitude struck the Southern Xinjiang region at 11.29 IST, the National Centre for Seismology reported on X (formerly called Twitter) The quake was at a depth of 10 km (6.21 miles) Earlier on Saturday, an earthquake of 4.4 magnitude on the richer scale jolted Andaman and Nicobar island.

22.01 / 19:11

Airlines economy country reports travelers rights Videos Commuters' rights, anyone?

Twelve schoolchildren and two teachers died when their boat capsized in a lake during a picnic in Vadodara. The boat reportedly was overloaded and had no life jackets. A travelling ticket examiner (TTE) of the Indian Railways was suspended by authorities after a video of him repeatedly slapping a passenger went viral on social media.

22.01 / 19:01

SEC security Bitcoin reports Investigations Relationships Crypto Mining Investor B.Riley Facing SEC Probe

B.Riley, an investment firm that has backed numerous Bitcoin mining projects, is allegedly involved in a probe brought forth by the United States Securities and Exchange Commission (SEC), according to a new report from Bloomberg.

22.01 / 18:31

UPS Citi Airlines reports Traffic International Delhi airport to Noida airport in 80 minutes; UP govt approves Rs 16,000 crore rapid rail corridor

Noida Airport is likely to have direct connectivity with Delhi’s Indira Gandhi International Airport. The Uttar Pradesh government has approved a Rs 16,000 crore rapid rail corridor that will connect the two airports along with other parts of Delhi. The National Capital Region Transport Corporation (NCRTC) is working on a detailed project report which will be completed by March. After the project is started it will take four years to complete, Shailendra Bhatia, Uttar Pradesh government's Nodal Officer at Noida International Airport Limited said. The rail corridor will be a major boost in the greenfield’s airport attraction and will allow it to capture spill over passenger traffic from the Delhi Airport.

22.01 / 18:31

COST UPS Target Manufacturing Research reports Reliance Industries Ltd rides PLI schemes to close in on $1-1.5/kg Green H2 target

Reliance Industries Ltd (RIL) is getting closer to its target of producing green hydrogen for $1-1.5 per kilogramme on the back of multiple product-linked incentives (PLIs) it has won in the green energy segment, an analyst report said. «These incentives are likely to assist RIL achieve GH2 (green hydrogen) cost of $1-1.5/kg,» Nuvama Research said in a report dated January 20. The cost of GH2 is around $3/kg at present. The country's largest private sector company has secured sops under both rounds of solar modules PLIs — $300 million for 4 gigawatt (GW) in round one and $400 million for 6 GW in round two.

22.01 / 18:01

markets Blockchain CEO security Luna reports travelers Terraform, Company Behind Luna and TerraUSD Stablecoin, Files For Bankruptcy

Terraform Labs has filed for Chapter 11 bankruptcy in the United States following the collapse of the TerraUSD and Luna crypto assets.

22.01 / 17:53

Provident security economy Deloitte show social reports Interim Budget 2024: 5 key things to watch out for

₹10.2 lakh crore in FY25, implying a relatively sedate YoY expansion of about 10 per cent, compared to over 20 per cent expansion seen in each of post-COVID years. The slowdown in capex growth is likely to have some bearing on economic activity and GDP growth." To generate jobs in the rural sector, the government may announce some incentives to increase investment in rural infrastructure and extend the scope of production-linked incentive (PLI) schemes to sectors such as chemicals and services. “One of the ways could be higher spending on building rural infrastructure or providing incentives that improve cash flow...

22.01 / 17:53

markets Target security Sustainability reports Courts Investigations S&P Global upgrades Adani Ports, Adani Electricity credit outlook to 'stable'

Elara Securities raises target price of Reliance Industries post Q3 results; buy or sell? In early January 2024, the Supreme Court of India issued a judgement confirming that India's capital markets regulator, Securities and Exchange Board of India (SEBI), had completed its investigation of 22 of the 24 allegations against the Adani portfolio entities. SEBI will complete its investigation of the two remaining allegations, relating to Foreign Portfolio Investors (FPI), within the next three months.

22.01 / 17:53

UPS Action community social reports peace Stone pelting on procession in Thane district hours after group clash

Mira Bhayander area adjoining Mumbai on the eve of the Ram Temple idol consecration in Ayodhya. Tension gripped the area at around 10.30 pm on Sunday when a group of 10 to 12 people in three cars and on as many motorcycles were taking out a rally from Naya Nagar under Mira Bhayandar police jurisdiction and chanting slogans in praise of Lord Ram, ahead of the Ram temple consecration ceremony in Ayodhya on Monday.

22.01 / 17:29

markets ETF Strategy Coindesk Bitcoin reports Schools FTX sold about $1 billion of Grayscale's bitcoin ETF since its approval: CoinDesk

FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust (GBTC) since it was converted into an exchange-traded fund (ETF) earlier this month, taking FTX's GBTC ownership down to zero, CoinDesk reported on Monday. GBTC in all saw outflows of more than $2 billion since being converted into ETF, according to the report, which cited private data reviewed by CoinDesk and two people familiar with the matter.

22.01 / 17:19

markets COST UPS wellness Trade track reports Lower input costs, higher sales help Cipla post 32% higher net

₹1,055.90 crore for the December quarter, a 31.82% rise over the corresponding quarter of last year, as per regulatory filings. Revenue during the quarter was up 13.66% YoY to ₹6,603.81 crore. The result was in line with Bloomberg’s poll of analysts tracking the company.

22.01 / 17:19

Aware Racing Election President show reports US election US election: Who's still in fray in New Hampshire primary and why it's important

Nikki Haley and Donald Trump, the Associated Press reported. Florida Gov. Ron DeSantis dropped his bid just two days before New Hampshire's primary.

22.01 / 17:19

BLOCK Trade country social reports travelers rights India, EFTA get ready to ink trade deal after 16 years of negotiations, key issues resolved: Official

European Free Trade Association (EFTA)—the four-nation trading block comprising Iceland, Liechtenstein, Norway, and Switzerland—are close to signing a trade agreement after both sides have reached an understanding on key issues, news agency PTI reported citing a senior official on Monday. "Following extensive negotiations, a shared understanding has been achieved on key issues during the ministerial meeting. Ongoing efforts are now focused on shaping the convergence that has emerged," the news agency quoted the official as saying Commerce and Industry Minister Piyush Goyal held a meeting recently with Swiss Federal Councillor Guy Parmelin in Mumbai.

22.01 / 17:19

COST Mobile wellness trends reports Axis Bank Q3 preview: Net profit may rise 6%, NII seen at ₹12,555 crore

Cipla Q3 results: Pharma company reports consolidated net profit of ₹1,056 crore According to estimates by Kotak Institutional Equities, Axis Bank is likely to announce a Net Interest Income (NII) of ₹12,555 crore for the October-December period, reflecting a 8.6 percent increase compared to the previous year. The net profit for Q3FY24 is projected to stand at ₹62,120 crore, marking a 6 percent year-on-year growth. “3QFY24 is likely to be an extension of the theme that played in 1HFY24.

22.01 / 16:23

Citi Booking economy reports Oberoi Realty reports 48% decline in Q3 net profit at Rs 360 crore

Oberoi Realty has reported 48% year-on-year decline in its consolidated net profit for the quarter ended December at Rs 360.02 crore. Total consolidated income for the quarter also declined 34% to Rs 1,082.85 crore.

22.01 / 16:23

markets UPS Research reports Schools Courts Investigations S&P Global Ratings upgrades Adani Ports, Adani Electricity on cash flow optimism

Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization — a measure of its ability to pay off liabilities — is expected to be in the range of 3x to 4x over the next two years, S&P said.

22.01 / 16:01

CEO Platform reports Paytm surpasses 100 million monthly transacting users for the first time in Q3 FY24

₹2,850.5 crore, compared to ₹2,062.2 crore in the year-ago period. Net loss was narrowed down to ₹221 crore from ₹392 crore reported in Q3 FY23. Notably, the firm has not posted a net profit since it went public in November 2021.

22.01 / 16:01

Target CEO Entertainment Sony stars reports Zee-Sony merger: CLSA downgrades Zee Entertainment to ‘sell’, slashes target price by 34%

Mint Explainer: The collapse of Sony-Zee merger and its wider implications The global brokerage firm has further slashed the target price of Zee Entertainment stock by 34% to ₹198. Sony has formally asked Zee to halt the merger, while simultaneously seeking a termination fee of $90 million, alleging breaches on the part of the Indian media giant. Sony has escalated the matter by initiating arbitration proceedings against Zee.

22.01 / 16:01

markets UPS students Universities reports Interviews Singapore-based Eruditus evaluating options on moving HQ to India

BENGALURU : Eruditus, founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera and headquartered in Singapore, is evaluating if it would be feasible for the executive education startup to move its base to India to capitalise on growing opportunities in the market. “It is a fact that the Indian stock markets are far more attractive than the global peers," said Damera in an interview with Mint. “Sometime in the future we will have to figure out how to give an exit to the investors.

22.01 / 16:01

UPS reports Q3 results: MRPL posts net profit of ₹392.08 crore, declares interim dividend

₹392.08 crore for the third quarter (Q3) ended December 31, 2023, of fiscal year 2024 (FY24) as compared to a loss of ₹194.95 crore in the same period a year ago, the company said in an exchange filing. Its consolidated revenue from operations stood at ₹28,383.41 crore in the third quarter of FY24, down from ₹30,966.16 crore in the same period last fiscal year. The company reported a consolidated total income of ₹28,422.99 crore in the December quarter of the current fiscal year as compared to ₹31,008.46 crore in the last fiscal year.

22.01 / 15:49

Remark Research film Universities reports Relationships NOT Study finds Megalodon was not like gigantic great white shark

gigantic shark, Megalodon, which lived roughly 15-3.6 million years ago, was a more slender organism than previously thought, according to a study. The Megalodon, or megatooth shark, is typically portrayed as a super-sized, monstrous shark in novels and sci-fi films, including «The Meg», the researchers said. Previous studies suggest the shark likely reached lengths of at least 15 to 20 meters.

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