Software Financial News

12.12 / 06:55
markets Software Cummins Experts performer reports International Zomato, RIL, and BSE among stocks that mutual funds bought and sold in November
Mutual funds in November bought stocks worth Rs 264 billion in the Indian secondary market. The mutual fund managers actively churn the scheme portfolios and accordingly make changes from their portfolios to deliver better performance. Here are the large, mid, and smallcap stocks that mutual funds bought and sold in November, according to the Mutual Fund Insights report by Nuvama Alternative & Quantitative Research. The highest deployment by the mutual fund industry were Zomato's QIP (Rs 56 billion), IPOs of Swiggy (Rs 53 billion), and NTPC Green (Rs 40 billion). Meanwhile, mutual funds utilised the MSCI-driven liquidity at the end of November to partially exit inclusion such as HDFC Bank (Rs 110 billion), Voltas (Rs 14 billion), Oberoi Realty (Rs 11 billion), and Alkem (Rs 8 billion). Also Read | Mutual funds see Rs 8,995 crore inflow in mid and small cap funds in November. Should you allocate more?
12.12 / 06:55
markets Provident Software Experts Schools Courts Colleges Senior advocate Vrinda Grover not to represent RG Kar victim's family in courts: Sources
Vrinda Grover will no longer be representing the R G Kar Medical College rape-murder victim's family, sources said on Thursday. They said that the concerned trial court, before which the trial in the rape-murder case is being held, has been informed accordingly and that the counsels stand discharged from the matter. The sources said that at this stage, on account of «certain intervening factors and circumstances», senior advocate Vrinda Grover is constrained to withdraw from the case proceedings in this matter and will no longer be representing the victim's family. The chamber of advocate Grover, including advocates Soutik Banerjee and Arjun Gooptu, were requested by the victim's parents to provide legal representation before the Supreme Court, Calcutta High Court and the Sealdah sessions court and ACJM court, they said.
12.12 / 06:55
markets Software film Experts social Videos OnlyFans model Lily Philips who broke down after having sex with 101 men in one day now wants to take 1,000-men challenge
Lily Philips, an OnlyFans model, has stirred intense debate online following her participation in an unconventional stunt aimed at having intimate encounters with 100 men in a single day. Philips exceeded her target, engaging with 101 men during the event, which was documented by filmmaker Joshua Pieters. However, the aftermath left her emotionally shaken, leading to widespread discussion about her well-being and the broader implications of such challenges. However, shockingly, she has now announced that she wants to take a new challenge to sleep with 1,000 men in 24 hours. The record for the highest number of sexual partners in a single day is held by adult film actress Lisa Sparks, who engaged with 919 men during the 2004 Adult Industry Fair in Poland. Sparks later shared that the experience left her in pain for a week. In anticipation of her own record attempt, Lily Phillips has been preparing over recent months by gradually increasing the number of encounters as part of what she refers to as her ‘Physical Training.’
12.12 / 05:59
markets COST Software Experts Courts rights International 35-years, a typo, Rs 2 lakh cr liabilities: How a string of court judgements hit India’s mining sector
Supreme Court ruling that sought to address an issue that has been lingering for 35-years is now threatening to cripple India’s mining sector. According to the judgement, states now have the right to tax mineral lands and tax mining companies retrospectively. Stakeholders say this will put a heavy financial burden on the industry, affecting investment plans and overall economic stability of the segment. How the case started and progressed The issue has its roots in the Mines and Minerals (Development and Regulation) Act, 1957, which gave the Union government the power to regulate mines and minerals and the power to collect royalties from mining leaseholders. In 1963, the Tamil Nadu government gave a mining lease to India Cements. Later, it imposed a cess on the royalty, which the company challenged in the high court later in the Supreme Court. In 1989, a seven-judge bench of the apex court ruled in favour of India Cements. “… we are of the opinion that royalty is a tax, and as such a cess on royalty being a tax on royalty, is beyond the competence of the State Legislature…,” said the verdict.
12.12 / 05:49
markets UPS Strategy Software awards Experts Tax refunds up by 46.31% to Rs 3.08 lakh crore in FY 2024-25: Finance Ministry
Finance Ministry announced on Thursday a significant improvement in the issuance of tax refunds for the financial year 2024-25. Between April 1 and November 27 this year refunds amounting to Rs 3.08 lakh crore were issued, marking a 46.31 per cent increase compared to the same period in 2023. It also stated that at its peak this year the Income Tax Return portal handled more than 900 filings in a second and nearly 70 lakh ITRs (Income Tax Returns) in a day. This year more than 1.62 crore ITRs were processed in a single day for A.Y. 2024-25.
12.12 / 05:49
markets Strategy Software NVIDIA Experts country reports Nvidia steps up hiring in China to focus on AI-driven cars: reports
autonomous driving technologies, Bloomberg News reported on Wednesday. Over the past couple of years, it has expanded in the country to now have close to 600 people in Beijing, and it recently opened a new office in the Zhongguancun tech hub, the report said, citing people familiar with the matter. The artificial intelligence chipmaker employed about 29,600 people in 36 countries at the end of fiscal year 2024, according to a filing published by Nvidia in February.
12.12 / 05:13
markets Software WhatsApp Trade show reports Share price of Tata Elxsi as Sensex drops 15.62 points
Tata Elxsi Ltd. 0.41 per cent to Rs 7376.25 at 10:35AM (IST) in Thursday's trade. The counter has hit a high of Rs 7448.75 and low of Rs 7370.00 so far during the session. The stock had closed at Rs 7345.95 in the previous session. The counter has had a total traded volume of 2761 shares so far with a value of Rs 2.04 crore on the NSE. It traded at a price-to-earnings multiple of 56.27 and a price-to-book ratio of 19.34.
12.12 / 05:13
markets Digital Platform Software awards Experts Schools EsportsXO partners with Abu Dhabi Gaming to drive MENA expansion
EsportsXO, an esports tournament management firm, on Thursday, announced a strategic partnership with Abu Dhabi Gaming, as part of its expansion into the MENA region. XO will establish its regional headquarter in Abu Dhabi. This collaboration is aimed at fostering the growth of Abu Dhabi’s local gaming ecosystem and will enable both companies to seize the emerging opportunities in this growing sector. With a projected valuation of $397.21 billion by 2029, the global gaming industry is on a sturdy growth track and the MENA region is rapidly emerging as one of its largest markets. By setting up its regional hub in Abu Dhabi, XO aims to position itself at the epicentre of this dynamic landscape, poised to tap into a market ripe for expansion. Vikas Goel, Founder, XO, said in a statement, “Working with Abu Dhabi Gaming is a major step for XO as we look to expand our presence in one of the world’s most exciting gaming regions. We are eager to contribute to the development of the local gaming ecosystem, nurture homegrown talent, and bring world-class gaming experiences to the MENA region. This reinforces our commitment to expanding our global footprint while fostering meaningful connections with gamers and industry leaders across the region.”
12.12 / 05:13
markets Digital Software Celebrity stars Relationships Day after talking 'loneliness in Hollywood', pop star Selena Gomez gets engaged to Benny Blanco
record producer Benny Blanco on Instagram on Thursday, sharing a series of touching photos. In one image, Gomez proudly displayed her oval-cut diamond engagement ring, likely taken during a picnic where Benny proposed. Captioning the post “Forever begins now,” Gomez set off celebrations among her fans and close friends. Blanco added to the moment with his comment, “Hey wait… that’s my wife.” The post, which limited comments to those followed by the couple, quickly filled with congratulatory messages from their inner circle.
12.12 / 04:55
markets Art Software trends Trade Experts show Share price of LTIMindtree as Sensex drops 17.44 points
LTIMindtree Ltd. 1.87 per cent to Rs 6723.45 at 10:09AM (IST) in Thursday's trade. The stock hit a high of Rs 6727.80 and low of Rs 6610.05 so far during the session. The stock had closed at Rs 6599.45 in the previous session. The counter had a total traded volume of 10:09AM shares so far with a turnover of Rs 4.61 crore on BSE. The stock traded at a price-to-earnings multiple of 42.65 and a price-to-book ratio of 7.30.
12.12 / 04:55
markets Digital Strategy Software Experts PAM performer Mutual funds see Rs 8,995 crore inflow in mid and small cap funds in November. Should you allocate more?
mutual fund inflows fell 14% last month, midcap and smallcap funds registered a growth of 4% and 9%, respectively, in November. Both the categories are now outperforming largecaps this month. The mid cap funds in November received an inflow of Rs 4,883 crore and contributed around 13% to the total inflows of Rs 35,943 crore in equity mutual funds. The category received an inflow of Rs 4,682 crore in October. In FY25 so far, the mid cap funds have received an inflow of Rs 24,322 crore. Also Read | Debt MFs inflows decline 92% in November. Will it regain attraction?
12.12 / 03:35
Platform Action Software ByteDance TikTok 2020 Courts US asks court to reject TikTok's bid to stave off law that could ban the app
TikTok and ByteDance on Monday filed the emergency motion with the U.S. Court of Appeals for the District of Columbia pending a review by the US Supreme Court. They warned that without court action the law will «shut down TikTok — one of the nation's most popular speech platforms — for its more than 170 million domestic monthly users.» The Justice Department said the court should not delay the law's effective date arguing «continued Chinese control of the TikTok application poses a continuing threat to national security.»
12.12 / 03:35
markets Digital Software President Experts PAM country "Meeting Adani is not sin": Tamil Nadu BJP chief Annamalai slams DMK and Congress
Tamil Nadu BJP President K Annamalai on Wednesday defended meeting industrialist Gautam Adani, calling it «not a sin» and accusing Congress and DMK of misleading the public with their protests over Adani's ties to the party. «He is a businessman in our country. Every single state government wants to roll a red carpet for inviting big industrialists to their global investor summit. It is the Congress and DMK MPs that started this bogus protest outside the Parliament saying that 'Adani-BJP Ek Hai.' Since CM (MK Stalin) said he has not met Adani, we are making a charge against him. Don't hoodwink Tamil Nadu people… You should acknowledge that Adhas done business in Tamil Nadu,» Annamalai said. Meanwhile, Congress on Tuesday denied BJP's allegations of links to billionaire George Soros. Congress spokesperson Supriya Shrinate called the claims «baseless» and said they were a diversion from the Adani controversy.
12.12 / 03:35
markets Digital Software Experts Justice PAM Courts Supreme Court to hear pleas challenging Places of Worship Act-1991 today
Supreme Court is set to hear a series of Public Interest Litigations (PILs) today, challenging the validity of specific sections of the Places of Worship (Special Provisions) Act, 1991. This law prohibits filing lawsuits to reclaim or alter the character of places of worship as they stood on August 15, 1947. The matter will be taken up by a three-judge bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan.
12.12 / 03:15
UPS Waters Software Parke PAM reports Delhi residents, stock up! Water supply to be disrupted in these areas; Check timings and details
Delhi Jal Board (DJB) announced that parts of South Delhi will face water supply disruptions on the morning of December 12 due to maintenance work, as reported by PTI.
12.12 / 03:15
markets Digital security Software Experts PAM Investigations J-K: PoK man nabbed near LoC in Poonch, interrogation underway
Pakistan-occupied Kashmir (PoK) was apprehended after he illegally crossed over into the Indian territory along the Line of Control (LoC) in Poonch district of Jammu and Kashmir, officials said on Thursday. «One PoK national Saliiq son of Khalid resident of Bandi Abbaspur deliberately crossed over into Indian Territory. Alert troops of the Indian Army deployed on the Line of Control in the Gulpur sector apprehended the PoK national while he was illegally crossing into Indian Territory,» the Poonch Police said. Further investigation is underway and more details are awaited.
12.12 / 03:15
COST Software Death Justice PAM social Courts Bengaluru techie's suicide case spurs Supreme Court to outline alimony guidelines; Here's what it said
alimony in divorce cases. In a landmark decision, a bench of Justices Vikram Nath and Prasanna V. Varale laid down eight criteria to serve as a reference point. The court highlighted that the framework should ensure fairness, stating, “It is necessary to ensure that the amount of permanent alimony should not penalise the husband but should aim at ensuring a decent standard of living for the wife.”
12.12 / 02:07
Citizens security Software President War reports Israel, Palestinians explore Gaza truce with US envoy on Mideast shuttle mission
Israel Defence Minister Israel Katz told his U.S. counterpart Lloyd Austin in a phone call on Wednesday there was now a chance for a new deal that would allow the return of all the hostages, including U.S. citizens, Katz's office said. A Western diplomat in the region, however, said a deal was taking shape, but it would likely be limited in scope, involving the release of only a handful of hostages and a short pause in hostilities.
12.12 / 02:07
markets Platform Strategy Software Experts PAM social ChatGPT down for users globally, OpenAI says “working to roll out a fix”
The outage has affected not only ChatGPT but also OpenAI's API and Sora platforms. «We're experiencing an outage right now. We have identified the issue and are working to roll out a fix. Sorry, and we'll keep you updated!» OpenAI posted on social media platform X.
12.12 / 01:07
markets UPS Provident Platform Software voice reports Mid-sized IT services companies lead AI charge with new investments
Subscribe to enjoy similar stories. As Artificial intelligence (AI) gains currency as a tool to help businesses improve their operations, India's mid-sized software service providers are jumping at the opportunities the new technology promises.
11.12 / 23:57
UPS Google Apple Software Features Updates Apple's latest iPhones get the gift of more AI as holiday shopping season heats up
Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season

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