Reports Financial News

Wall Street Journal report mentions that Israel plans to flood the tunnel system in Gaza with seawater. Israel has assembled a large system of pumps that may be used to flood tunnels used by militant group Hamas under the Gaza strip in a bid to drive out fighters, the report mentioned.

Central Bureau of Investigations (CBI) has conducted search operations in around 13 locations in West Bengal and Karnataka in its investigation related to the IMPS transactions worth Rs 820 cr in UCO Bank accounts. Kolkata-based UCO Bank had registered a complaint against two Support Engineers who worked with the bank alleging suspicious transactions through Immediate Payment Service (IMPS) amounting to around Rs 820 crore. Despite reporting the matter to law enforcement agencies, the state-owned bank did not clarify whether this technical glitch was due to human error or a hacking attempt. Apart from the accused, the CBI's search also included the premises of private persons and bank officials.

textiles ministry has mapped eight sanctioned PM Mitra Parks on the PM GatiShakti National Master Plan (NMP) portal while the pharmaceuticals department has reported the successful completion of 129 pharma clusters and 23 medical device cluster projects. These came up at the 61st Network Planning Group (NPG) meeting, marking two years of PM GatiShakti NMP. Special Secretary (Logistics), Department for Promotion of Industry and Internal Trade (DPIIT) Sumita Dawra chaired the meeting on December 1. As per a government release, the animal husbandry and dairying department has mapped all training institutes across India. “The Ministry of Railways and the Ministry of Road Transport and Highways presented details on commissioned and ongoing projects, with an emphasis on critical infrastructure,” the commerce and industry ministry said in the release. The meeting reviewed the status of mapping of existing and proposed economic zones at NMP platform, and 100 identified critical infrastructure projects, and there was participation from over 60 officials of various departments. Dawra highlighted the achievement of PM GatiShakti NMP such as onboarding of 39 individual line ministries and 36 states and union territories, and uploading of 1,463 data layers.

Health Ministry Tuesday ordered an inquiry into ‘cash-for-kidney racket’ allegations against Indraprastha Medical Corporation Ltd, a unit of the Apollo Hospitals group, news agency PTI reported citing sources. Earlier on Monday, the Indraprastha Medical Corporation Ltd (IMCL) rejected the allegations of ‘cash for kidney racket’ asserting that the hospital follows every legal and ethical requirement for transplants, including government guidelines.

Reuters reported. Another development favouring soft oil prices is the record production of US crude oil, which set a record for the second month running in September. India also resumed imports of crude from Venezuela in October, ending a three-year hiatus forced by US sanctions that have since eased.

David Ward, executive president, Global New Car Assessment Programme (Global NCAP) said. “India, a country with one of the highest fatal road accidents, should avoid going the United States way of going in for more sports utility vehicles (SUVs) as they make the roads less safe for other small car occupants, pedestrians and cyclists,” he said.

Rashtriya Rajput Karni Sena chief Sukhdev Singh Gogamedi was shot dead by unidentified assailants in Jaipur. As per reports, national president of Rashtriya Rajput Karni Sena was shot dead by unidentified bike-borne criminals.

shots fired shook a Washington, D.C, suburb Monday and destroyed the home. All officers escaped serious injury but it was unclear what happened to the suspect who was inside the home when it was leveled by the explosion, Arlington County, Virginia, police spokesperson Ashley Savage said. Officers went to the home at about 4:45 p.m. after receiving reports of shots fired.

Chennai while personnel on fishing boats and farm tractors were engaged in rescuing stranded people on Tuesday. The city and adjoining districts faced relentless rains on Monday as the severe cyclonic storm Michaung loomed over the north coastal areas of Tamil Nadu. Eleven others, who sustained injuries in rain-related incidents, were receiving treatment in various hospitals, officials said. Several District Disaster Response Teams (DDRT) were formed to carry out relief work in all rain-affected areas across the city.

Coinbase, one of the leading cryptocurrency exchanges based in the United States, has highlighted the importance of stablecoins in facilitating seamless transactions. 

The optimism is based on a sustained improvement in several factors. One of the key sources of demand for hotel rooms is the wedding season.

₹76,054 crore during the second quarter of FY 2024, industry data showed. Last year, ₹71.916 crore of loans were disbursed in the same period. In terms of volume, a total of 1.69 crore were disbursed during Q2 FY2023-24, as against ₹1.81 crore loans in Q2 FY 2022-2023, as per the latest data by Microfinance Institutions of India (MFIN).

Robinhood has reported a substantial 75% increase in cryptocurrency trading volume for November compared to October, highlighted in a recent filing with the U.S. Securities and Exchange Commission (SEC).

The recent surge in Bitcoin (BTC) price could be the beginning of a new crypto supercycle that propels the world’s largest cryptocurrency to an astonishing $500,000. 

Byju's is facing significant financial difficulties, prompting consideration of using funds from the potential sale of its unit, Epic, to sustain its operations at Think & Learn, as per an Economic Times report citing multiple sources. Byju’s has received three offers, totalling around $400 million, for Epic. As per the current plan, the company might need to utilise about $80-100 million from this amount while allocating the rest for term loan B (TLB) lenders, it added.

NEW DELHI : Wipro Consumer Care and Lighting has acquired personal care brands Jo, Doy, and Bacter Shield from VVF (India) Ltd, marking the company’s 15th acquisition till date and the third in the last twelve months. The acquisition signals further expansion for Wipro Consumer Care in the personal wash segment, where it already sells brands such as Santoor and Chandrika.

Hong Kong’s most prominent pro-democracy activists, who was imprisoned in the wake of the 2019 Hong Kong protests, said on Sunday that she has left the city for Canada and plans to never return.Agnes Chow, 27, became a face of Hong Kong’s pro-democracy movement after she helped establish the Demosisto political party in 2016 alongside other young activists Joshua Wong and Nathan Law. The group disbanded hours after Beijing passed a sweeping national security law in 2020 that put a chilling effect on political activism in the city, and has been criticized by western governments for stifling free expression and interfering with Hong Kong’s semi-autonomous status as a former British colony.Chow was arrested in 2019 for allegedly inciting an unauthorized protest outside Hong Kong police headquarters.

second-hand luxury goods store called Love Luxury that resells handbags, watches and jewelry. Recently, the store built a large following on TikTok by featuring Moo in its videos, many of which involve the 11-year-old explaining how much her outfit costs.In one video she claims the Patek Philippe Nautilus 5711 on her wrist costs 100,000 pounds, or about CAD$170,000 — more than double the average Canadian’s yearly income.“If you know, you know,” Moo tells the camera.According to Chrono24, an online watch marketplace, the discontinued Nautilus 5711 could run buyers between $120,000 up to $430,000.In the same video, Moo shows off a black Kelly bag from Hermes she says cost 25,000 pounds, or about CAD$43,000.

Cyclone Michaung LIVE Updates: Cyclonic storm to make landfall in 3 hours, heavy rain batters Andhra Pradesh, Tamil Nadu Phadnis' death was confirmed by his friend and fellow actor Aditya Srivastava. “Dinesh has left us around 12:08 am. We know that he had liver issues and it had an impact on the other organs.

Will the real estate sector witness a rise in women homebuyers in 2024? The report underscored that stereotypes regarding women’s commitment and competence, social norms influencing work environments, and the misconception that diversity does not enhance profitability contribute to a web of obstacles affecting women’s career paths. Besides, the report noted that the scarcity of qualified women candidates hinders their entry, retention, and advancement in healthcare leadership roles.

Also Read- Adani Group stocks jump up to 19%, market cap nears ₹12 lakh crore; here's why In fact experts as as Jitendra Gohil, Chief Investment Officer, Kotak Alternate Asset Managers now believe that market is still underestimating India's GDP growth Gohila thereby said that we continue to favour domestically focused cyclical and interest rate-sensitive sectors for the next twelve months. We expect PSU banks and PSU stocks (power, energy, defence, cap goods, NBFCs, etc) to experience further upside and the stocks could re-rate further.