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Zydus Lifesciences reported a net profit jump of 31% to Rs 1420 crore in Q1FY25 led by robust sales growth in India and US markets. The drug maker had reported a net profit of Rs 1,087 crore in the April-June quarter of last fiscal.

Hindenburg Research on Sunday responded to Sebi chief Madhabi Puri Buch's statement from the weekend that accused the short-seller of attempting a "character assassination" of the Buchs. In a post on its X account, the short-seller said that the markets regulator boss' response «raises numerous new critical questions,» and «includes several important admissions.» The Buchs had, on Sunday, addressed the allegations made by Hindenburg Research, dismissing them as “baseless,” Sebi chief Madhabi and her husband Dhaval said the US-based short-seller is resorting to character assassination in response to a show-cause notice issued by the regulator in connection with Hindenburg's earlier report on Adani.

tax on stocks and mutual funds stays. It has been seven years since this tax was introduced and the only change has been the rate increase from 10% to 12.5% this year. This is now the uniform rate not just for stocks and equity funds, but for many other types of investments. However, this is where the similarity ends. For investors who want to earn long-term returns and build real wealth through equity-based assets, the tax structure means that significant attention needs to be paid to where they invest and when they buy and sell those investments. The single most important point to be noted is that it’s far more beneficial, from a tax point of view, to invest in mutual funds than stocks. While this has been true since February 2018, the hike in long-term capital gains tax in this year’s Budget has made it that much more important. In any case, even earlier, many investors did not appreciate this about taxation. I’ll recap the underlying principle. All equity portfolios need some buying or selling as individual stocks become more or less desirable. This is true even if you are good at choosing stocks and holding most of these for several years. Time goes by, circumstances change, companies and markets evolve, and the formerly good stocks have to be sold and something better bought. If you are investing in stocks yourself, these transactions will translate into tax liability.

gold ETFs and sovereign gold bonds, which track prices of physical gold, also crashed by 5-6%. Investors felt shortchanged as the worth of their investments eroded overnight. Have gold investors really been robbed of their gains by the government? The nine percentage point cut in the import duty on gold is acute.

Domestic markets clocked losses for a second consecutive week following weak global cues. On Monday, markets will react to the latest allegations of Hindenburg, which dragged Sebi chief Buch into the Adani saga. «Going forward, we expect markets to consolidate at higher levels due to mixed global cues and absence of any major domestic triggers,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal

Hulu is out with a new original Korean drama called “The Tyrant.” Rogue government scientists create a deadly virus to put South Korea on the same power level as the U.S. and other countries with nuclear arms. The four-part series premieres Wednesday. MTV’s long-running competition show “The Challenge” began as a spinoff of the “Real World” and “Road Rules,” and is still charging full steam ahead with season 40. Debuting Wednesday, “The Challenge 40: Battle of the Eras,” has 40 contestants from the show’s history, including mainstays Johnny Bananas and Chris “CT” Tamburello. Episodes air on MTV and will also stream on Paramount+. Guess what? Emily is still in Paris! Part 1 of the Lily Collins- led romance, workplace comedy’s fourth season drops Thursday on Netflix. And rumor has it in the new season of “Emily in Paris,” the star also visits Rome.

IPE Plus Fund, finds itself in the crosshairs of Hindenburg Research, its New Delhi-born, Singapore-based, founder and chief investment officer (CIO) Anil Ahuja finds himself in the news yet again. Ahuja was among the first to make a private equity bet on the Adani Group, while he was at 3i Infrastructure, which he joined in 2005. In 2007, 3i made the first investment from its Indian infrastructure fund, paying $227 million (Rs897 crore at the time) for an undisclosed stake in Adani Power Ltd, then a fully-owned subsidiary of flagship Adani Enterprises Ltd. According to a TOI report, with the enterprise value of Adani Power pegged at Rs 10,850 crore, 3i's equity stake in Adani Power worked out to around 8%. This was 3i’s largest transaction in India since it started investing in the country in mid-2005. It held onto the stock for over seven years. When it sold a 2% block in the company in 2014, VC Circle calculated a 25-30% loss in pound sterling (40% in dollar terms) largely on account of sharp depreciation of the Indian currency. Ahuja left 3i in 2013 and joined IPE Plus Advisors in January 2014. Read More: Madhabi Buch made disclosures, investors should read Hindenburg disclaimer: Sebi

Hindenburg report as a calculated move to destroy India's primary and secondary market by attacking the regulator's credibility through the dredging up of a non-issue. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), made the investments mentioned in the Hindenburg report before 2017 in a private capacity and these had been disclosed, according to people with knowledge of the matter. Early on Sunday, Buch said that these were «baseless allegations» and devoid of any truth, underscoring this point.

monsoon sets in, a surge in demand for seasonal products within the respiratory, anti-infective, and anti-malarial therapeutic categories have been seen. According to market research firm Pharmatrack, the respiratory market was driven by anti-asthma and chronic obstructive pulmonary disease (COPD) products, along with cough and cold preparations. The market also witnessed close to 200% growth for Poractant Alfa usage (pulmonary surfactant) in July. Likewise, the entire anti-infective segment, encompassing anti-bacterial, anti-fungal, anti-viral, and anti-TB products, witnessed robust double-digit growth, potentially fuelled by the surge in respiratory infections, waterborne diseases, and skin infections.

PM Narendra Modi on Sunday released 109 high-yielding, climate-resilient and bio-fortified varieties of 61 crops at the India Agricultural Research Institute. These included 34 field crops and 27 horticultural crops. An announcement in this regard had been made last month by the finance minister in the budget speech. Modi also interacted with the farmers and scientists discussing the importance of these new crop varieties and stressed on the significance of value addition in agriculture, according to a government statement. He discussed the importance of millets and underlined how people are moving towards nutritious food. He also spoke about the benefits of natural farming and the increasing faith of the common man in organic farming and organic foods. The PM suggested that the krishi vigyan kendras (KVKs) should proactively inform farmers about the benefits of the new varieties being developed every month.

Federal health officials have declined to approve the psychedelic drug MDMA as a therapy for PTSD

lab-grown diamond industry is facing challenges such as significant fall in prices, eroding consumer interest and competition from imports, think tank Global Trade Research Initiative (GTRI) said Sunday, adding said that though India faces the issue of production overcapacity, it continues to import in large amounts and this issue needs deeper investigation. To address these challenges, the government needs to take certain steps such as setting clear and consistent rules to standardize quality, certification, and market practices; issuing a Quality Control Order to check quality of imports; and investment in research and development to improve production processes, reduce costs, and enhance the quality of lab-grown diamonds. As per the report, India’s lab-grown diamond industry is facing a major challenge, with prices falling by 65% in the past year to Rs 20,000 per carat from Rs 60,000 due to local overproduction and oversupply from abroad, which points to problems like overproduction, high imports, and lack of regulation. The number of units producing lab-grown diamonds in India has increased to 10,000 units, leading to over supply and tougher competition.

Also read | At Sebi, Madhabi Buch doesn't look at ICICI Securities, Blackstone matters Both Madhabi Buch and Dhaval Buch in a joint statement strongly denied the allegations, stating that they have made all necessary disclosures. “Our life and finances are an open book. All disclosures as required have already been furnished to Sebi over the years," they said.

You work so hard. Why aren’t you getting ahead? “Literally, what more can I do?" Alison Fragale, a professor who studies power, says the office workhorses among us think. We’re the ones picking up the slack when teammates fall short, the ones the boss calls when she needs something done fast, or last minute, or after hours.

Goan crime being foiled. Thieves broke into the premises of a maker of chouriço, Goa’s spicy pork sausages. Local dogs, probably lusting after the sausages themselves, raised an alarm and the owner trapped the two thieves in the smoking room. Did the thieves eat the sausages as they waited for arrest? Food theft is one of the oldest crimes. In Christopher J Garcia’s entertaining book Food & Crime, he writes that the oldest legal texts, like the Codes of Ur-Nammu and Hammurabi include food related proscriptions. He also notes it is one of the broadest crimes: “It starts with piddly little pilfering, such as walking off with a pack of gum from the checkout line, then continues through to the highjacking of entire convoys of shellfish.” Garcia suggests that food theft works on CRAVED principles: “Concealable, Removable, Available, Valuable, Enjoyable and Disposable.” Cheese fits most of these parameters. Garcia notes that “the Centre for Retail Research estimates that four per cent of all cheese produced is stolen”. This is almost a million tonnes of stolen cheese. It is easily melted or cut into different forms and can be worth a lot, especially artisanal European cheeses made with unpasteurised milk, which are banned in the US.

Hindenburg Research's recent allegations against SEBI Chairperson Madhabi Puri Buch have sparked significant debate. While many experts dismiss the claims as baseless and sensationalist, with notable figures like former Infosys CFO Mohandas Pai and Deepak Shenoy criticizing the report's lack of substance, the Opposition has seized the opportunity to demand a Joint Parliamentary Committee (JPC) inquiry. Former Infosys CFO Mohandas Pai was among the first to respond to Hindenburg’s report. He labeled the allegations as “character assassination by a vulture fund,” criticizing the report for being sensationalist. Pai took to X (formerly Twitter) to denounce the claims, asserting that the report aimed only to create a scandal rather than present factual information. He also defended SEBI’s regulatory processes, highlighting that regulations are developed through open consultations and reflect a collective effort of market participants and regulators based on global standards.

SEBI Chairperson Madhabi Buch and her husband have drawn sharp political reactions from the opposition parties. Reacting to the Hindenburg report, Samajwadi Party spokesperson Ghanshyam Tiwari on Sunday lashed out at the Modi government and said that the tenure of PM Modi will be known for 'Adani-waad'. «The whole world witnessed a different session with different ideologies but the term of PM Modi will be known as 'Adani-waad'. In this Adani-waad, they captured the whole economic system of India in such a way that Gautam Ad(Adani Group) could benefit, it looks like this is the only motive of PM Modi,» he said.

AAP on Sunday demanded that the Supreme Court take note of the allegations levelled by US short seller Hindenburg against SEBI chief Madhabi Puri Buch. Hindenburg Research has alleged that it suspects SEBI's unwillingness to act against Adani Group may be because Madhabi Puri had stakes in offshore funds linked to the conglomerate — an allegation that the SEBI head called «baseless» and an attempt of «character assassination». Addressing a press conference here, AAP Rajya Sabha MP Sanjay Singh said the SEBI had told a Supreme Court panel that the investigation into the Adani group was «directionless». «SEBI chief and her husband's money was invested in shell companies. Why were these facts hidden from the Supreme Court? The apex Court should take note of the new developments and how facts were hidden,» he said.

Hindenburg controversy was over, the whistleblower who makes money by short-selling shares and bonds of its target companies has added a fresh twist to the unending saga by claiming that Sebi chief Madhabi Puri Buch and her husband had a stake in offshore entities linked to the Adani family. The allegations come one-and-a-half months after Sebi issued a show-cause notice to Hindenburg for violating Indian market regulations and profiting by taking short positions.

SEBI chairperson Madhabi Puri Buch's involvement in the obscure offshore entities in siphoning case. «Group has absolutely no commercial relationship with individuals or matters mentioned,» Adani said reacting to recent Hindenburg report. The Adani Group also rejected these allegations against the company and reiterated that its overseas holding structure is fully transparent.

Godrej Agrovet Limited (GAVL) has announced that its Oil Palm Plantation business (OPP) will set up an Oil Palm Processing Milling unit in Tripura. To be set up in the Dhalai district of the state, where the company currently operates a nursery with a capacity of 3 lakh per year and plans to increase it to 5 Lacs per year, the company will also be setting up an advanced Research & Development centre for oil palm in the vicinity in addition to opening up of Samadhan centre, a one-stop solution centre providing comprehensive support to oil palm farmers. Following the introduction of the National Mission on Edible Oil — Oil Palm (NMEO-OP) in August 2021, the government of Tripura has embarked on a plan to bring at least 7,000 hectares of land under palm cultivation.