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Supreme Court on Thursday adjourned by eight weeks the hearing on pleas seeking reconsideration of its July 27, 2022 verdict, which had upheld the Enforcement Directorate's (ED) powers to arrest and attach property under the PMLA. A three-judge bench headed by Justice Sanjay Kishan Kaul deferred the hearing, which continued since Wednesday, after Solicitor General Tushar Mehta, appearing for the Centre, sought time to address the arguments raised by the petitioners in detail.

pneumonia outbreak in northern China since mid-October is causing global concern, particularly in the aftermath of the Covid-19 pandemic. The World Health Organization (WHO) has taken note of the situation, requesting additional data from China on the respiratory illnesses spreading in the region.

TMC MP Mahua Moitra, party chief Mamata Banerjee on Thursday said that plans were in the works to expel her from Parliament but any such action would help the lawmaker from Krishnanagar ahead of the 2024 Lok Sabha elections. Last week, Moitra, who is facing recommendations for expulsion from Lok Sabha, was tasked with strengthening the party's organisation in Nadia district, in a clear message of support from the TMC.

lab-grown diamonds (LGDs). LGDs have seen price drops of around 50 percent, while the prices of natural diamonds have declined 40 percent.

China is witnessing another alarming outbreak. As per reports, several children in China have fallen prey to a mysterious influenza-like illness. Taiwanese news channel FTV News reported that innumerable hospitals in Beijing and Liaoning have been filled to the brim with sick children. Although the patients do not have symptoms such as whooping cough. However, they are suffering from fever and have exhibited swollen pulmonary nodules. The World Health Organization (WHO) has now asked Chinese authorities to provide more transparency into the outbreak with in-depth data. “WHO has made an official request to China for detailed information on an increase in respiratory illnesses and reported clusters of pneumonia in children," the UN body told in a statement.

₹370, indicating a downside of over 21 percent. The stock has gained 23.5 percent in the last 1 year. It hit its record high of ₹584 on September 11, 2023, but has shed over 19 percent from its peak.

Rohit Sharma is unlikely to play T20 Internationals anymore shortly, former India opener Gautam Gambhir said he would like to see both Rohit and Virat Kohli play the T20 World Cup, scheduled to take place in the West Indies and the United States of America in June 2024. According to Gambhir, both Rohit and Virat Kohli should be picked for the T20 World Cup. He also added that if they are picked then Rohit should be the captain and not Hardik Pandya.

Meta-owned Facebook, Instagram and Google's YouTube, along with all edtech and health platforms, the report further added. In the new framework, age verification for minors is expected to be done using document stores in DigiLocker, Aadhaar-based verification, A Digital Token or the App Store level, according to a government official, as quoted by ET. "There cannot be a one-size-fits-all approach here," the official said, as quoted in the report.

NMDC Ltd share price gained up to 1.72% on Thursday during intraday trades on the BSE. The stock has seen a rise close to 40% since end August, is trading near 52 week highs. The rise in international iron-ore prices is boosting investor confidence towards country's largest iron-ore producer.

₹15,835 c rore) for financing green projects of HPCL via issuance of preferential shares. Reuters claimed that two sources close with the developments have informed about the bail out plan. The oil ministry is awaiting a response from the finance ministry on the plan for ONGC to launch a rights issue, one of the sources said, claimed Reuters.

Canara Bank is reportedly planning to issue bonds worth ₹5,000 crore on November 24. Market experts suggest that these bonds, categorized as infrastructure bonds, will have a maturity period of 10 years, concluding on November 29, 2033. The initial issue size is set at ₹1,000 crore, with an option to retain oversubscription amounts up to ₹4,000 crore, making the total aggregate issuance ₹5,000 crore.

Bloomberg. Citing people familiar with the matter, the report said that the discussions also involve the two companies jointly building a new e-commerce platform.

Right about now Time magazine would be choosing its Person of the Year, a designation I’ve followed from childhood because their choices tend to vary from sound to interesting. Also I almost always know who they’ll choose and enjoy finding out if I’m right. Here I tell you who it will be and must be or I will be displeased.

By Nitha Puthran Amid recessionary fears and rising energy prices, businesses must prioritise environmental sustainability to ensure stability. Environmental, Social, and Governance (ESG) factors greatly influence business perception, impacting institutional investments, cost of capital, and customer retention. As the world strives for net zero, it is time for businesses and IT leaders to assess the environmental cost of doing business.

Unicommerce saw its operating revenue jump 52.5% to Rs 90 crore in financial year 2023 from Rs 59 crore in FY22. Net profit rose 8% to Rs 6.45 crore from Rs 5.98 crore in FY22, according to its financial statements, filed with the Registrar of Companies (RoC). Unicommerce’s expenses ballooned to Rs 84.1 crore in FY23 from 54.4 crore in FY22. A significant amount of the expenditure was attributed to an increase in employee benefit expenses, server costs and other expenses.

Mastercard, on Thursday, announced a collaboration with U GRO Capital to extend financing solution to small businesses in India that require financial support to maintain and grow their operations. This collaboration aims to address this challenge by enabling a holistic digital supply chain financing solution for millions of small businesses in India. MSMEs in India have long grappled with substantial challenges, including constrained access to capital.

Prime Minister Narendra Modi participating in a garba dance. The authenticity of the video was initially questioned, with speculation that it might be a deepfake. Prime Minister Modi himself acknowledged the video, expressing doubts about its authenticity. However, it has now been clarified that the video was not a result of deepfake technology but rather a case of mistaken identity and false reporting. The individual in the video is Vikas Mahante, a Mumbai-based businessman and the proprietor of a steel packaging business in Malad. Mahante unintentionally found himself thrust into the limelight due to his resemblance to Prime Minister Modi. His uncanny similarity led to an invitation to London to partake in pre-Diwali festivities within the admirer's family circle. It was during this event that Mahante was mistakenly identified as Modi and filmed participating in the garba dance, causing a significant stir.

By Christoph Steitz

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Escorts, all other companies under our coverage were largely in line with or beat our estimates," stated the brokerage. Meanwhile, for the auto ancillaries space, the brokerage informed that the companies under its coverage reported revenue, EBITDA, and PAT growth of 12 percent, 18 percent, and 18 percent YoY, respectively, driven by higher ASPs, sales volumes, and operating leverage. “All companies under our coverage reported in-line EBITDA or beat on EBITDA, except a miss for Endurance Technologies and CIE Automotive," added Axis.

Reliance Industries Ltd (RIL), has asked for the Reserve Bank of India’s (RBI) approval for conversion into a core investment company (CIC). Jio Financial on November 21 announced that it has submitted an application with the RBI for converting to a CIC from a non-banking financial company (NBFC) after a regulatory mandate.