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Vedanta Group's Sterlite Power Transmission. The appeal sought to declare corporate guarantees to subsidiaries non-taxable under the current tax regime. It also contested the valuation criteria set by the finance ministry for the purpose of taxing such guarantees when there is no financial consideration involved.

demat or dematerialised account. A Demat account serves as a secure storage facility for all your shares and securities. Unlike the traditional method of holding physical share certificates, which posed risks such as theft, demat accounts store securities electronically, mitigating such concerns.

demat account. A dematerialised (demat) account serves as a digital repository for the financial securities purchased by an investor, storing them in electronic format. This account streamlines the storage and management of financial securities, offering convenience and accessibility to investors.

By Lefteris Papadimas and Angeliki Koutantou

Sandeshkhali continues to boil even after the arrest of key-accused Shahjahan Sheikh, a Bharatiya Janata Party (BJP) delegation which was on its way to Sandeshkhali was stopped by security forces at North 24 Parganas' Minakhan on Monday. A BJP team consisting of 15 people, including state BJP's ST Morcha President Joyel Murmu, left for Sandeshkhali from Kolkata to talk to the tribal community in the conflict-ridden Sandeshkhali area. The police stopped them with a barricade on the Kolkata Basanti Highway near Malancha in Minakhan. Even after some talks with police personnel, the delegation was not allowed to move forward. Hence the BJP leaders started protesting by sitting on the Kolkata Basanti Highway.

Rameshwaram cafe blast: Bengaluru, the IT capital of India shook with a bomb blast on Friday at one of its most happening places, the Rameshwaram cafe. At least 10 people were injured in the bomb blast, which was reportedly conducted through an improvised explosive device (IED). The CCTV footage from the cafe has highlighted a suspect, who spent nine minutes in the cafe and can be seen placing a suspicious bag.

score which can help you monitor your financial health. One can check their CIBIL score on the CIBIL website once a year without having to pay any charge. In order to do this, one has to follow these steps.

A CIBIL score is a numeric representation of creditworthiness of borrower or investor. It is based on the individual’s credit history and repayment behaviour. 

lifestyle spends, even as travel is the preferred category for spendvesting enthusiasts, with gadgets and shopping also significant, pointing to the popular lifestyle goals that drive financial decisions, said Spendvesting report by Multipl. Spendvesting is a financial concept that combines the principles of investing and spending. The approach, developed by multipl, merges lifestyle goals with investing, helping consumers to live their dream lifestyle while building a secure financial future. It also notes that 50% of Indian spendvestors are in the 26-34 age group, showcasing the strategy’s resonance with millennials and Gen Z. «Spendvesting is not merely a financial strategy; it represents a shift towards mindful and gainful consumer behavior. As interest and participation in spendvesting grows, it is set to capture a wide ranging audience, capitalising on India’s expected digital economy boom to $1 trillion by 2030,» said Paddy Raghavan, co-founder of multipl, adding that millennials and Gen Z’s prefer fintech startups for customised investment advice.

₹1,076.90 apiece on the BSE. ICICI Securities has a target of ₹1,250 per share for Gulf Oil Lubricants India, implying an upside of 25% from Saturday’s closing price.

demat account serves as the initial step before entering the stock market. Understanding what a demat account is serves as a fundamental prerequisite to grasping its functionality. The term 'Demat' stands for dematerialisation, a process wherein physical securities are transformed into electronic form.

MOIL, the country's largest manganese ore producer, rose by 13% to reach ₹313.40 apiece in today's early trade following the company's February production update. In a filing on Saturday, the company announced that it achieved the best-ever February production of 1.51 lakh tonnes of manganese (Mn) ore, marking an increase of 15% year-on-year. Notably, the cumulative production from April to February 2024 stood at 15.84 lakh tonnes, reflecting 37% year-on-year growth and surpassing any previous fiscal year's production record since the company's inception.

Also Read: 11 power stocks including Adani Green Energy, NHPC gained between 20% and 110% in 3 months; check full list Going forward, the sharp bull run in PFC and RECL is likely to continue as per the projections made by domestic brokerage firm Elara Securities. The brokerage has identified the following four key growth levers for power financiers: 1] Renewed interest in thermal capacity addition following the Government of India's announcement regarding the addition of 80 GW and the emphasis on grid stability.

Prime Minister of Pakistan on Monday, taking over the reins of the country for a second time since 2022, amidst staggering economic and security challenges faced by the country. President Arif Alvi will administer the oath to Shehbaz Sharif in a ceremony held at the President's residence in the afternoon. The 72-year-old politician earlier served as prime minister of a coalition government from April 2022 to August 2023 before Parliament was dissolved to hold general elections last month.

BSE Sensex hit an all-time high of 73,994.7 on March 2, while the NSE Nifty 50 scaled its record high of 22,440.90 today. The Nifty Midcap 100 index gained 0.2%, while the Nifty Smallcap 100 was down over half a percent. The gains in equity markets came on the back of a strong rally in US and Asian markets along with better-than-expected Q3FY24 GDP data which came at 8.4% YoY.

Biocon Biologics on Monday said it has inked a patent settlement agreement with Bayer Inc and Regeneron Pharmaceuticals Inc, paving the way for it to launch a biosimilar product in Canada. The settlement pact paves the way for the introduction of Yesafili, a proposed biosimilar to Eeylea (aflibercept) injection, in the Canadian market, Biocon Biologics said in a regulatory filing. Under the terms of the agreement, Biocon Biologics has secured a launch date for the product no later than July 1, 2025, it added.

non-basmati white rice to Tanzania and 80,000 tonne of broken rice to Djibouti and Guinea Bissau. The export is permitted through National Cooperative Exports Limited (NCEL), the Directorate General of Foreign Trade (DGFT) has said in a notification. Though exports of non-basmati white rice have been banned since July 20, 2023 to boost domestic supply, exports are allowed on the basis of permission granted by the government to certain countries to meet their food security needs on request. Tanzania is an East African nation, while Djibouti is at the northeast coast of the African continent.

₹63,401 per 10 gm level but attracted buying at lower levels and climbed to an intraday high of ₹63,502 per 10 gm. In the international market, spot gold price is oscillating around $2,080 per ounce level. According to commodity market experts, the gold rate today is under the sell-off heat after the media reports about the US Fed chief Jerome Powell talking hawkish while testifying in the US Senate this week.

PTI that in the video circulated online, a man is seen in an objectionable position with a woman, and the person seen in this video is said to be Upendra Singh Rawat. "As soon as I got the party's ticket from Barabanki, my opponents did this act", claiming that the video is completely doctored. I hope the accused will be identified soon," he said.

Ola Electric has emerged as the leading patent publisher in the country for the 2022-23 period. According to data from Intellectual Property India, Ola Electric has published 205 patents in the EV and EV-related technologies space, surpassing its competitors. TVS follows in second place with 156 published patents, while Suzuki, Honda, and BYD hold third, fourth, and fifth place respectively, with 78, 77, and 58 published patents. Ola Electric aims to raise Rs 5,500 crore through its IPO by issuing new shares. The company's draft papers filed with Sebi show that some existing shareholders will also be selling over 9.5 crore shares. Out of the funds raised, Ola Electric plans to allocate Rs 1,600 crore for research and development (R&D), highlighting the importance of innovation in its business model. With R&D centers in India, the UK, and the US, Ola Electric is dedicated to designing and developing new EV products and core components. Its R&D efforts focus on battery technology, software related to EVs, vehicle safety and security, controllers, motors and transmissions, as well as vehicle body components, artificial intelligence, and other related technologies.

Sanjiv Bhasin, Director, IIFL Securities, says they remain extremely bullish on this space. There will be upgrades, downgrades at new highs. Who thought Tata Steel will go to Rs 165 from Rs 100 in the last six months and right now, SAIL is the new GAIL. So, one can imagine the left-out feeling. Bhasin says: “We continue to be very optimistic. Our dark horse play there continues to be Nalco, JSW and Vedanta.” Over the last week, the metal pack had a very solid run. But today, CLSA has downgraded JSW Steel as well as Tata Steel. Do you think they are a bit too conservative and early in downgrading or do you think the rally has played out? Sanjiv Bhasin: Since a couple of weeks ago, I have been saying that the dollar is headed lower and if China comes back, we will see metals do well. We have seen that there has been no capacity addition. And I think the way nickel, copper, all both ferrous and non-ferrous are performing, this could be a very sweet time for metals, particularly commodities, particularly metals. And we remain extremely bullish on this space.