Reports Financial News
29.11 / 15:27
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RBI’s GDP projections on test as India’s Q2 GDP growth falls short
Subscribe to enjoy similar stories. The Indian economy experienced a big jolt in the July-September quarter of 2024-25, with the real GDP growth rate slowing to 5.36%, the lowest in seven quarters, data released by the statistics ministry on Friday showed. Not only was this sharply lower than the projection of 7% by the Reserve Bank of India but also lower than the median estimate of 6.5% by 26 economists in a Mint poll.
29.11 / 14:43
markets
Provident
Target
Strategy
Trade
Experts
reports
Market in limbo: May wait for direction till February
Subscribe to enjoy similar stories. The benchmark Indian equity indices have shown little movement over the past month, and market experts suggest that the lack of fresh triggers may keep the market range-bound in the near term.
29.11 / 14:29
markets
Man
WhatsApp
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information
reports
Updates
WhatsApp share market scam dupe: Mumbai man loses ₹11.1 crore in fake investment scheme
₹11.1 crore. The victim, a former ship captain, fell prey to a well-orchestrated scam that began through a WhatsApp group, reported ET.As per the publication, the elderly man was added to the group on August 19, under the guise of a reputed financial services company.
29.11 / 14:03
markets
Strategy
Experts
PAM
reports
Courts
Sambhal mosque survey: SC order to halt proceedings in lower court welcomed by both parties
Sambhal mosque survey case was welcomed by both parties to the case — the Hindu litigants who claimed that a temple stood at the site and the masjid committe that opposed it. The Supreme Court on Friday ordered a Sambhal trial court to halt proceedings in the case over the Mughal-era Shahi Jama Masjid, including a survey report it had sought on the matter. It directed the proposed report of the advocate commissioner following the mosque survey be kept in a sealed cover, till the appellate court including the Allahabad High Court heard the appeal of the mosque committee. Welcoming the order of the apex court, masjid committee's lawyer Shakeel Ahmed Warsi told PTI that the apex court order was a positive development.
29.11 / 12:05
markets
Digital
Experts
Celebrity
social
reports
This OnlyFans model earns more than Rs 300 crore in a year, surpasses NBA superstar Jayson Tatum's earnings
OnlyFans model Sophie Rain has taken the internet by storm by revealing how much money she makes through the adult app. The Florida-based influencer shared a screenshot of her earnings on X, formerly Twitter, yesterday, stunning millions of viewers who could barely believe that she raked in over $43.4 million in the past year alone (Rs 360 crore). According to EssentiallySports, Sophie Rain's earnings reportedly surpass Jayson Tatum's annual salary. In comparison to Sophie Rain's $43 million this year, Jayson Tatum made $35 million. Rain's pay check is almost 23% more than what the C's forward gets paid for his MVP-calibre performances day in and day out.
29.11 / 10:29
UPS
Digital
WhatsApp
Celebrity
information
reports
Mint Quick Edit: Cyber cons go from digital arrests to wedding scams
Subscribe to enjoy similar stories. Even as people in India come to terms with the idea of a ‘digital arrest’, invented by scamsters acting like law enforcers to scare people out of their money, cybercriminals seem to have expanded their repertoire of tricks to swindle people online.
29.11 / 09:45
markets
Digital
Experts
Justice
PAM
reports
Courts
Supreme Court stays Madras High Court order restoring DA case against former Tamil Nadu CM Panneerselvam, kin
O Panneerselvam, the Supreme Court on Friday stayed an order of the Madras High Court restoring a disproportionate assets (DA) case against him and his family members. A bench of Justices Hrishikesh Roy and S V N Bhatti issued notice to the Tamil Nadu police and others on a plea filed by Panneerselvam. «In the present matter concerned, the challenge is to the impugned order of single judge of the High Court judicature at Madras exercising powers of suo motu criminal revision, under Section 397 of the Code of Criminal Procedure Code, 1973. Issue notice,» the bench directed.
29.11 / 09:45
markets
Digital
Strategy
Hyundai
Experts
information
reports
Hyundai Motor India refutes claims of Rs 7,300 crore fine over emission breach
Hyundai Motor India denied the media reports claiming that the company, along with other automobile manufacturers like Mahindra and Kia, could face a penalty of Rs 7,300 crore for breaching fleet emission levels. Hyundai refuted the reports and said that they are based on «extrapolations» that are not grounded in facts. The company pointed out that the articles were based on an incorrect assumption—that the 2022 amendments to the Energy Conservation Act, 2001 (EC Act), which impose stricter penalty norms, were in effect before January 1, 2023. According to HMIL, the new regulations only came into effect at the start of this year, and any claims of penalties prior to that are «fictional» and unsupported by the law.
29.11 / 09:45
markets
Digital
Experts
Monarchy
2020
reports
Investigations
Prince Harry-Meghan Markle's 'slap in the face to monarchy' investigated in new bombshell documentary. Check release date
According to reports, the documentary will air on December 3 at 8.15 pm and will shed light into Harry and Meghan’s life in Montecito and their quest for relevance after they stepped down from the royal family back in 2020.
29.11 / 08:59
markets
COST
Cigna
Trade
Experts
reports
LIC shares climb over 5% after acquisition clarification; well-positioned for bancassurance regulatory shifts
Life Insurance Corporation of India surged as much as 5.1% on Friday to Rs 987.50 on BSE after the state-run life insurer clarified media reports suggesting it was in talks to acquire a significant stake in ManipalCigna Health Insurance. The clarification reinforced LIC's ongoing commitment to expanding its business, particularly in the health insurance sector. The clarification also came amid a background of growing concerns in the insurance sector over potential regulatory changes in bancassurance, an area where LIC remains better positioned compared to its peers.
29.11 / 08:59
markets
UPS
Digital
Strategy
Experts
PAM
reports
States’ budgeted revenue mop-up in 2024-25 to beat pre-Covid level: PRS report
central transfers, according to a report by PRS Legislative Research. States have budgeted their combined revenue mop-up at 14.3% of gross state domestic product (GSDP) for 2024-25, compared with 13.3% in the last fiscal and 13.8% in the pre-Covid year of 2018-19, the report said. While the pandemic flared up in India in 2020-21, it did impact economic output towards the end of 2019-20, especially in the wake of a lockdown in late March in 2020, although the slowdown had set in before the Covid onslaught.
29.11 / 08:59
UPS
WhatsApp
President
reports
Karnataka cabinet expansion unlikely: Deputy Chief Minister D K Shivakumar
Karnataka Deputy Chief Minister D K Shivakumar on Thursday dismissed the possibility of an immediate cabinet expansion, stating that no discussions have been held to fill the lone vacant ministerial position. «The situation (for cabinet expansion) has not come. There has been no discussion to fill up that one vacancy,» he told reporters, effectively putting to rest speculation about potential changes in the state cabinet's composition. He also said that the issue was not discussed with AICC president Mallikarjun Kharge.
29.11 / 08:55
Aware
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Universities
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rights
Colgate is making the right moves, though valuations offer little cheer
Subscribe to enjoy similar stories. Colgate Palmolive (India) Ltd has had a good run in recent quarters and continues to make efforts to boost growth. At its analysts meeting on Wednesday, the management, among other things, highlighted an interesting development under its ‘oral health movement’ initiative.
29.11 / 07:29
29.11 / 07:11
markets
Strategy
Analysis
WhatsApp
Trade
reports
Share price of Canara Bank as Nifty
Canara Bank 1.65 per cent to Rs 101.30 in Friday's trade as of 12:33PM (IST). The stock hit a high price of Rs 103.80 and low of Rs 100.75 during the session. The return on equity (ROE) for the stock stood at 18.4 per cent. Traded volume on the counter stood at 12:33PM shares and turnover at Rs 8.09 crore around that time. The stock of Canara Bank quoted a 52-week high price of Rs 129.35 and 52-week low prices of Rs 77.97, respectively.
29.11 / 07:11
markets
IPO
wellness
Trade
Experts
information
reports
Orkla said to consider $400 million IPO of Indian business
Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public. The Oslo-based company is working with advisers on the potential share sale, the people said. It could seek a valuation of over $2 billion for the unit, one of the people said.
29.11 / 07:11
markets
Booking
Strategy
Analysis
Trade
reports
isolate
REC shares 0.19 per cent in Friday's trading session
REC Ltd. 0.19 per cent to Rs 529.35 in Friday's trade as of 12:28PM (IST) even as the benchmark Nifty ruled at 24100.65, 186.5 points. The scrip had closed at Rs 528.30 in the previous session. The stock quoted a 52-week low of Rs 331.85 and a high of Rs 653.90. The company quoted a market-cap of Rs 138994.73 crore on the BSE.
29.11 / 06:55
UPS
Target
Action
Strategy
economy
reports
India to come up with mitigation action for high carbon-emitting sectors like steel, cement, refineries, fertilisers
Subscribe to enjoy similar stories. New Delhi: The Union government plans to come up with mitigation action based on carbon capture and clean coal for industries that are among the biggest emitters of gases that cause global warming, Niti Aayog member V. K.
29.11 / 06:27
markets
COST
Action
Charity
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reports
rights
UK launches crackdown on firms exploiting migrant workers
UK government has announced a crackdown on rogue employers who have been exploiting migrant workers, banning offenders from hiring any more overseas staff. Businesses who employ migrants under the UK’s sponsorship system will also be prohibited from charging workers for any costs associated with that sponsorship, in a new measure designed to reduce exploitation. A recent report from the Work Rights Centre, a charity which advises migrant workers, found as many as 177 companies held a license to sponsor migrant workers despite breaking employment law. Many have been accused of exploiting migrant workers by charging them thousands of pounds for visa-related costs and then forcing them to work for under the minimum wage, or failing to provide them with any hours at all.
29.11 / 06:05
markets
Reuters
Strategy
economy
show
reports
HSBC pulling back from China credit card business after struggling to expand
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy, sources with knowledge of the matter said. The Asia-focused bank has stopped issuing new cards and is working towards winding down the service offered to a large part of China onshore customers, three sources with direct knowledge of the matter said. Two of the them said the planned closure comes after failed attempts to sell the business.
29.11 / 04:37
markets
UPS
Target
Sustainability
Trade
reports
Buy Mahindra & Mahindra, target price Rs 3,420: Motilal Oswal Financial Services
buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector. Mahindra & Mahindra's key products/revenue segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2024.
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