Reports Financial News

stocks are under the Future and Options (F&O) trade ban on Wednesday viz. Biocon, ABFRL, Hindustan Copper, Vodafone Idea and Piramal Enterprises. GNFC managed to get out of the ban while ABFRL is a new entrant.

Life Insurance Corporation of India with a target price of Rs 1270. The current market price of Life Insurance Corporation of India is Rs 1021.4. Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 642619.77 Crore) operating in Financial Services sector.

South Delhi will now receive water only once daily instead of twice, as part of a water rationing strategy announced by Water Minister Atishi on Tuesday. This decision affects areas like Greater Kailash, Lajpat Nagar, Panchsheel Park, Hauz Khas, Chittaranjan Park, and nearby locations. The change will remain in effect until the water supply situation improves. «I know that where water is being supplied twice a day, people will be troubled if it is cut off for once a day, but I appeal to all Delhiites that we should not think only about ourselves. We should think about everyone,» minister Atishi said. North and South West Delhi, including Mehrauli and Chattarpur, are also facing significant water challenges this summer amid a prolonged heatwave in northwest India as temperature in outskirts of Delhi soared closer to 50 degrees. The situation has been exacerbated by Haryana's cessation of Yamuna water releases to Delhi since the beginning of May, the minister claimed.

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

Paytm, according to sources cited by The Times of India. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad on Tuesday to "finalize the contours of a deal."However, Paytm denied any such talks.In a clarification issued on the bourses, it said, "We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard.

Kate Middleton's cancer news came out, rumours were circulating about the Royal Family reuniting with Prince Harry and Meghan Markle to support each other during this challenging period. However, recent reports doesn't seem to reflect so. The Royal Family recently deleted Prince Harry's statement slamming the British media back in 2016 on the "racial undertones of comment pieces and outright sexism and racism" about Meghan Markle, a report by Newsweek revealed.

International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% earlier this year to reflect a strong expansion at the start of 2024 and additional support from the government. The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, according to a press release published Wednesday.

Shark Tank India to begin investing in mutual funds and through systematic investment plans (SIPs).In a video posted on X (formerly known as Twitter), Gupta is seen behind the scenes on the sets of Shark Tank India, advising and encouraging staff to begin investing.Also Read | Monthly SIPs, gift fund & more: Edelweiss' Radhika Gupta's guide to investment plans for children"Can’t take the Mutual Fund CEO out of me, even behind the shoots of Shark Tank," she posted."This conversation is a reminder of how many people still need to learn about the power of MFs and start investing… and for my MFD friends, a nudge that a lot of people are looking for guidance and advice!" she added.In a video post on May 29, Gupta asked Shark Tank India staff backstage how many of them have invested in mutual funds (MF) or started an SIP, to which a majority replied that they haven't started any yet.To which she responded with: "Before I leave this schedule, all of you need to start an SIP. Kaise karni hain, hum sab baithe hain, agar aaj nahi hui toh hum aake class lenge.

Aditya Birla Fashion and Retail: ABFRL reported a net loss of ₹266.4 crore for Q4, an increase from the previous year’s loss of ₹194.5 crore. The company’s revenue rose by 18.3% to ₹3,406.7 crore. EBITDA also increased by 47.1% to ₹283.7 crore, and EBITDA margin improved to 8.3% from 6.7%.

Cyclone Remal has killed 27 people in various areas, including Melthum, Hlimen, Falkawn, and Salem Veng, within the state capital, Aizawl.According to the Directorate of Information, Public Relations (DIPR), Mizoram, “27 bodies have been found so far as search and rescue operations continue, with State Disaster Response Force personnel teaming up with Melthum Local Council and YMA."As reported by PTI, Chief Minister Lalduhoma has announced a State Disaster Relief Fund (SDRF) allocation of ₹15 crore and extended ₹4 lakh as ex-gratia for the deceased.He, alongside DM&R Minister K Sapdanga, will provide ₹2 lakh to the families of the deceased in Hlimen, with the remainder to be disbursed later, following SDRF guidelines. Both officials, accompanied by government representatives, were present at Melthum to assess the situation firsthand.Also Read: Imphal inundated, landslides and flashfloods in Meghalaya, Orange alert in Tripura: Aftermath of Cyclone RemalPower and Electricity (P&E) and Public Health Engineering (PHE) departments have issued notices stating that electricity and water supply will be stifled until further notice as landslides and floods have damaged electric lines and water pumps.According to reports from Mizoram DIPR, the cyclone's toll stands at 14 fatalities in Melthum, 4 in Hlimen, 3 in Salem, 2 each in Falkawn and Aibawk, and 1 each in Lungsei and Kelsih areas within Aizawl district.

Rajkot, Gujarat, claiming the lives of at least 27 individuals, including children, on May 25, also resulted in the death of one of the owners, Prakash Hiran.NDTV reported that CCTV footage captured Hiran at the location, and his vehicle was found at the scene of the fire.Also Read: Rajkot fire: Gujarat police arrest another TRP gaming zone partner, owner laughed in court & more | Top 10 UpdatesJitendra, Hiran's brother, raised concerns about his whereabouts, stating that Prakash was inside the gaming zone when the fire erupted. The forensics department gathered DNA samples from their mother, and it has been confirmed today that Prakash was among those who perished in the fire.Due to the severe damage caused by the fire, many bodies were unidentifiable, prompting the police to utilize DNA testing for identification purposes.Also Read: On Rajkot Game zone fire case, Gujarat HC says 'we do not trust local system, state': ReportPrakash, who held a 60 percent stake in the gaming zone, was also a partner in Raceway Enterprises and has been implicated by the Gujarat Police.

Sensex declined 220.05 points, or 0.29%, to close at 75,170.45, while the Nifty 50 settled 44.30 points, or 0.19%, lower at 22,888.15.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — May 29“We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.Here are key global market cues for Sensex today:Asian markets traded mixed on Wednesday tracking a similar trend overnight on Wall Street.Japan’s Nikkei 225 gained 0.18%, while the Topix was flat. South Korea’s Kospi declined 0.26% and the Kosdaq dropped 0.44%.

Top events of the day: Today's highlights include Prime Minister Narendra Modi's Odisha rallies, the NSE's ban on trading five stocks like Biocon and Vodafone Idea in the F&O segment, and Ztech India's IPO launch priced at ₹104 - ₹110 per share. Major companies, including Adani Transmission, IRCTC, and Tata Steel, are reporting Q4 earnings. Additionally, the NTA rescheduled CUET UG 2024 exams for Kanpur, Delhi, and Silchar centers due to paper distribution issues, with admit cards now accessible online.Prime Minister Narendra Modi is scheduled to visit Odisha today.

Prime Minister, the biggest star campaigner of ruling Bharatiya Janata Party (BJP), will arrive at the picturesque memorial off the coast of Kanyakumari on May 30 and may leave for Delhi on June 1, the last day of polling, reports said quoting sources.Also Read: Lok Sabha elections 2024 Phase 7: Last day of voting on June 1; full list of constituencies and key candidates hereThe campaign for the seven-phase Lok Sabha Elections 2024 ends on Wednesday, May 30. The results will be announced on June 4.The PM, 73, will meditate at the Dhyan Mandapam, the hall at the Memorial, from the evening for May 30 to the evening of June 1, NDTV said in its report.The Memorial has spiritual significance since Swami Vivekananda, after wandering across the country, is believed to have meditated here for three days on a rock located about 500 meters off the mainland, at the meeting point of the Indian Ocean, Bay of Bengal, and Arabian Sea.

Narendra Modi’s party to win more than 303 seats in the general election to extend their record rally, according to a Bloomberg News survey of market participants. A smaller majority for the ruling Bharatiya Janata Party may lead to a drop of about 2% in the NSE Nifty 50 Index, with the rupee and sovereign bonds also expected to fall, according to a mean of forecast by 32 asset managers, strategists and dealers.

spending limits on online and real money games to tackle gaming addiction among children and young adults, sources told ET. A consensus on this method, which has also been adopted in China, emerged in the recent internal meetings of the ministry of electronics and information technology during which various aspects of the Information Technology Rules of 2021 were discussed.

equity markets fell in a volatile trade on Tuesday amid uncertainty ahead of Lok Sabha election results. In today's trade, shares of IRCTC, Hindalco, IRCTC State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.

Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023, when the company that sells online as well as through offline stores raised $65 million from a group of investors, including Zomato founder Deepinder Goyal and Zerodha’s Nikhil Kamath.

Adani Group's promoter entities, led by billionaire Gautam Adani, increased their stakes in two listed entities — Adani Enterprises and Adani Green Energy — in May ahead of a proposed fundraising programme for some of its group firms. According to NSE data, promoter entities bought 72.70 lakh shares of flagship company Adani Enterprises worth ₹2,162 crore and 1.39 crore shares of Adani Green Energy worth ₹2,507 crore in multiple tranches between May 10 and May 23.

Gentari Sdn Bhd, the renewable energy arm of Malaysian energy giant Petronas, is the frontrunner for a part of the India renewable portfolio of Brookfield Asset Management, said two people aware of the development. Gentari, which has conducted due diligence of the assets, has signed an exclusivity agreement for further negotiations with Brookfield, they said. Government-run Oil and Natural Gas Corp (ONGC) is another contender that has completed due diligence, said people with knowledge of the matter. The 2 GW renewable portfolio of Brookfield in India that’s up for sale has an estimated enterprise value of $800 million-1 billion (Rs 6,600-8,300 crore). Other entities that had submitted initial bids but are no longer in the race include Sekura Energy, Sembcorp and UAE's Masdar Energy, they said. Of the portfolio, 1 GW is operational and projects with a capacity of 1 GW are under construction, expected to be completed within 18 months, said the people cited.

A report by the United Nations says that as economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity