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World shares are higher after China's central bank released plans for supporting stock markets through share repurchases

It’s a trend that has surprised many: Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace

Gurpatwant Singh Pannun, the Khalistani separatist and Indian-origin citizen of the US and Canada, is in the spotlight after US this week named Vikash Yadav, a former Indian intelligence officer once associated with the Research and Analysis Wing, or R&AW — as the central figure in a failed plot to kill him. According to a wanted poster by the Federal Bureau of Investigation (FBI), Vikas Yadav is the second Indian to be named in this controversy. The US Justice Department has charged Vikash Yadav with murder-for-hire and money laundering. According to reports, the plot allegedly began in May 2023, when Vikash Yadav then reportedly an employee of the Indian government, allegedly collaborating with individuals in India and overseas to execute the assassination of Gurpatwant Singh Pannun.

Zee Entertainment Enterprises (ZEE) on Friday reported 70% year-on-year (YoY) growth in its consolidated net profit at Rs 209 crore for the quarter ended September 2024. It was Rs 123 crore a year ago. Analysts had pegged the core net profit for the September quarter at Rs 153 crore.

foul play in a fire that broke out Wednesday in a flat at Andheri's Lokhandwala Complex, resulting in the deaths of three individuals, reported TOI. Among the deceased were a visually impaired senior citizen, his elderly wife, and their domestic help. During the initial inspection, authorities discovered bloodstains in the living room, raising immediate concerns. Notably, while the couple's bed was charred, nearby curtains remained untouched, according to the TOI report. Police also noted a «distinct smell of kerosene» in the apartment. Initial reports indicated that the fire may have originated from the flat's air conditioning unit, noted TOI… However, neighbours reported that the couple rarely used the AC, casting doubt on the possibility of a short circuit. Additionally, other household items were found intact, raising further questions about the fire's cause and why only the bed was destroyed.

Subscribe to enjoy similar stories. Warren Buffett's warning about 'a pin waiting for every bubble' seems prophetic as the Indian stock market faces a much-needed correction. Despite the slew of reasons offered by mainstream media, such as Iran-Israel conflict, China stimulus, regulatory changes, the underlying reality is that Indian markets have been overvalued for some time now.

UCC implementation in the state, Uttarakhand Chief Minister Pushkar Singh Dhami announced on Friday that the Uniform Civil Code draft comprises four key sections that are marriage, marriage separation, live-in relationships, and birth and death registration. «Today, we have received the draft of rules. It comprises of four sections — marriage, marriage separation, live-in relationship and birth and death registration,» the chief minister said in a press conference. The committee, led by Justice Ranjana Prakash Desai and Chaired by Shatrughan Singh, constituted to help implement UCC in the state submitted its final draft to the government on Friday.

Subscribe to enjoy similar stories. China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy. Industrial & Commercial Bank of China and China Construction Bank Corp.

Rajnath Singh on Friday said the private sector must play a leading role in defence sector, citing its ability to drive innovation and adapt to rapid changes. Speaking at the DRDO Industry Workshop on defence technology acceleration in Delhi, Singh said, «Technology's impact on the defence sector is not limited to conventional warfare; it has given birth to unconventional warfare, including drones, cyber warfare, bio-weapons, and space defence. These elements pose challenges to the defence sector.» «I think the time has come for the private sector to take the lead in defence sector participation. I say this because the private industry has the capability not only to absorb rapid changes but also to create new innovations,» he added.

Hamas chief Yahya Sinwar. The Israel Defence Forces (IDF) on Thursday evening announced that it had eliminated Yahya Sinwar, the mastermind of deadly October 7 attack, in a targeted ground operation in Rafah in southern Gaza. The Israeli military said that «after a year-long pursuit», troops «eliminated Yahya Sinwar, the leader of the Hamas terrorist organisation, in an operation in the southern Gaza Strip» on Wednesday. According to Israeli media reports, after a year-long manhunt, Yahya Sinwar, a prime target for Israel, was killed «by chance» by regular IDF soldiers. The IDF also released drone footage of what it said were the «last moments» of Yahya Sinwar, showing him sitting on a couch, surrounded by rubble, inside a dilapidated apartment. In his final moments, Yahya Sinwar is seen throwing an object at the drone.

Havells India Ltd. traded 1.2 per cent higher in Friday's session at 01:14PM (IST). The stock opened at Rs 1806.0 and has touched an intraday high and low of Rs 1856.0 and Rs 1762.9, respectively, during the session so far. The stock quoted a 52-week high of Rs 2104.95 and a 52-week low of 1233.1. About 64,472 shares changed hands on the counter so far.

Bengaluru police have filed an FIR against Union Minister Pralhad Joshi's brother and sister based on a complaint of cheating lodged by a former JD(S) MLA's wife. His brother Gopal Joshi and sister Vijayalakshmi were booked by Basaweshwaranagar police. Gopal's son Ajay Joshi has also been named in the FIR, police sources said on Friday. The complaint was filed by Sunita Chavan, wife of former Nagthana MLA Devavand Phool Singh Chavan, who lost the 2023 Assembly election. She alleged that Gopal promised her to get a ticket to contest the May Lok Sabha elections when she approached him at his Hubballi residence in north Karnataka in March and later delivered Rs 25 lakh at Vijayalakshmi's house at Basaveshwaranagar here on his instruction.

Subscribe to enjoy similar stories. Infosys Ltd's September quarter (Q2FY25) results fell short of market expectations, leading to a nearly 5% drop in its share price on Friday. This was despite the IT major reporting a sequential constant currency (CC) revenue growth of 3.1%, exceeding consensus estimates.

Maharashtra Chief Minister Eknath Shinde has expressed confidence that the ruling Mahayuti coalition will win the upcoming assembly elections with a «thumping» majority, citing the BJP's impressive performance in Haryana. Shinde was speaking to reporters late on Thursday night at the Pune airport after returning from Chandigarh, where he attended the swearing-in ceremony of Haryana CM Nayab Singh Saini and the NDA Chief Ministers' Council Meeting, chaired by Prime Minister Narendra Modi. Shinde said the chief ministers of the NDA-governed states focussed on development and welfare schemes. «There was a general consensus that such meetings should be held twice a year,» he said. «The Haryana election results defied all survey predictions as people acknowledged the work of Prime Minister Narendra Modi,» said Shinde, calling Saini a down-to-earth leader.

Meta employees from blatantly misusing company-provided meal credits for personal purchases. According to a report by Financial Times, these employees had been using their $25 meal credits to buy non-food items such as toothpaste, acne pads, and wine glasses. Like other large tech companies, Meta provides extensive food options for its in-office staff. Employees working at major offices, such as the Silicon Valley headquarters, receive free meals on-site, while those in smaller offices are given credits for Uber Eats or Grubhub, intended for meals delivered to the office. Smaller Meta offices typically provide daily allowances of $20 for breakfast, $25 for lunch, and $25 for dinner, issued in $25 increments. However, the company fired two dozen employees after discovering they had used these meal credits to purchase household items.

BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial. Based on the prevailing prices, JM Financial expects BSE, Voltas, Adani Energy Solutions, Alkem Laboratories, Oberoi Realty and Kalyan Jewellers to be included in the index.

cyber criminal, posing as a remote IT worker, infiltrated a Western company and hacked its network, according to a report by the BBC. The unnamed company, believed to be based in the UK, US, or Australia, allowed cybersecurity firm Secureworks to release details of the incident to warn about increasing infiltration by North Korean cyber criminals.

A Vietnamese real estate tycoon has been convicted of fraudulently obtaining property worth billions of dollars and sentenced to life in prison in a case that has been a centerpiece of the government’s crackdown on corruption

Pidilite Industries Ltd. rose 3.46 per cent to Rs 3264.0 in Friday's trade as of 10:00AM (IST) even as the benchmark Nifty ruled at 24645.8, down 104.05 points. The scrip had closed at Rs 3154.75 in the previous session. The stock quoted a 52-week low of Rs 2293.1 and a high of Rs 3414.4. The company quoted a market-cap of Rs 165909.73 crore on the BSE.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

buy call on Infosys with a target price of Rs 2,200. The current market price of Infosys Ltd. is Rs 1912.7. Infosys., incorporated in 1981, is a largecap company with a market cap of Rs 817184.02 crore, operating in IT Software sector. Infosys Ltd. key products/revenue segments include software products and software development charges for the year ending 31-Mar-2024.