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Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Innovative Retail Concepts Pvt Ltd, which runs the business-to-consumer (B2C) unit of online grocery and quick commerce firm BigBasket, posted a modest 6% year-on-year growth in its operating revenue for FY24 to Rs 7,885 crore, though a check on expenses reduced its net loss. It posted a net loss of Rs 1,267 crore for FY24, down 17% year-on-year, according to the company’s regulatory filings sourced from Tofler. Over the past two years BigBasket, majority owned by Tata Digital, has seen intense competition from quick commerce players such as Zomato-owned Blinkit, Swiggy Instamart and Nexus Venture Partners-backed Zepto in the hyper funded online grocery delivery space.

Sebi employees on Thursday gathered around the headquarters of the markets regulator in Mumbai and staged a silent protest demanding the withdrawal of Wednesday's statement blaming «external forces» for the protest and also sought the resignation of their boss Madhabi Puri Buch. After The Economic Times reported that Sebi officials made an unprecedented complaint to the finance ministry last month and accused the top leadership of fostering a toxic work culture, the regulator issued a press release on Wednesday evening saying that HRA (house rent allowance) issues of staff are being misguided by external elements to target credibility of Sebi and its leadership.

Bharat Electronics Ltd. traded 2.37 per cent up at Rs 291.8 at around 02:09PM (IST) on Thursday. The stock had closed at Rs 298.9 in the previous session. Equity benchmark Sensex traded 99.88 points lower at 82252.76 around the same time.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Asian markets are mixed following Wednesday’s global sell-off, as Wall Street declined in the technology, energy and other sectors

Varun Beverages Ltd. gained 0.23 per cent to Rs 1526.0 at 01:59PM (IST) in Thursday's trade. The scrip hit a high of Rs 1532.45 and low of Rs 1506.5 so far during the session. The stock had closed at Rs 1522.35 in the previous session. The counter had a total traded volume of 01:59PM shares so far with a turnover of Rs 4.24 crore on BSE. The stock traded at a price-to-earnings multiple of 81.67 and a price-to-book ratio of 23.16.

InterGlobe Aviation Ltd. gained 0.29 per cent to Rs 4828.0 in Thursday's session as of 12:11PM (IST) even as the equity benchmark Sensex traded 59.19 points lower at 82293.45. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4944.6 and a 52-week low of Rs 2334.95 on NSE. Around 4821 shares changed hands on the counter till 12:11PM (IST).

Tata Power Company Ltd. gained 0.36 per cent to Rs 422.2 in Thursday's trade as of 12:01PM (IST). The stock hit a high price of Rs 423.4 and low of Rs 419.3 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 12:01PM shares and turnover at Rs 6.64 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 470.85 and 52-week low prices of Rs 230.75, respectively.

How do you know if an artificial intelligence system is so powerful that it poses a security danger and shouldn’t be unleashed without careful oversight

Vedanta on Thursday rose 2% on the BSE, reaching an intraday high of Rs 469.40, following an announcement that the company received a long-term rating upgrade from ICRA on the expectation of improvement in the company's credit metrics. The rating for its 'Longterm/S term –Unallocated limits' instrument was upgraded to [ICRA]AA from [ICRA]AA-/[ICRA]A1+ rating watch with developing implications. The Longterm–Fund based –Term loan instrument was upgraded to [ICRA]AA from [ICRA]AA- and continues on rating watch with developing implications. As for Commercial Paper the rating was upgraded to ICRA]A1+ rating watch with developing implications.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence

LTIMindtree Ltd. gained 0.78 per cent to Rs 6118.0 in Thursday's trade as of 12:07PM (IST). The stock hit a high price of Rs 6198.0 and low of Rs 6060.25 during the session.

Indian Oil Corporation Ltd. gained 1.69 per cent to Rs 180.05 in Thursday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 3.61 points lower at 82349.03. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51 on NSE. Around 758982 shares changed hands on the counter till 10:25AM (IST).

Mark Robinson, the Republican candidate for governor in North Carolina, is widely known for his staunch conservative views on issues like abortion and his controversial statements about topics such as the movie Black Panther and the Holocaust. However, a recent report from New York Magazine has shed light on a different aspect of Robinson’s past—his frequent visits to pornography stores in the 1990s and early 2000s. Louis Money, a former employee at 24-hour adult video shops in Greensboro, spoke to The Assembly and claimed that Robinson was a regular customer, visiting as many as five nights a week. Money, who worked at stores like Gents, said that patrons could either buy videos for $50 or «preview» them in private booths for $8. “Every night that I worked, I saw Mark,” Money said, adding that Robinson would preview at least two tapes per visit. Other customers and employees corroborated his frequent presence, with one even mentioning that Robinson occasionally brought pizza for other patrons. A spokesperson for Robinson's campaign has dismissed the allegations, calling The Assembly's report “bullshit.”

PI Industries Ltd. traded 0.28 per cent higher in Thursday's session at 11:46AM (IST). The stock opened at Rs 4545.6 and has touched an intraday high and low of Rs 4555.0 and Rs 4508.05, respectively, during the session so far. The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of 3060.0. About 1,484 shares changed hands on the counter so far.

Biocon Ltd.(up 3.63 per cent), Laurus Labs Ltd.(up 3.61 per cent), Mankind Pharma Ltd.(up 2.88 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 2.8 per cent) and Ipca Laboratories Ltd.(up 1.96 per cent) were among the top gainers.

Indian Hotels Company Ltd. traded 0.68 per cent up in Thursday's trade at 11:31AM (IST). Around 72,226 shares changed hands on the counter. The scrip opened at Rs 661.15 and touched an intraday high and low of Rs 667.0 and Rs 659.45, respectively, in the session so far. The stock of Indian Hotels Company Ltd. quoted a 52-week high of Rs 672.0 and a 52-week low of Rs 371.45.