Stage Financial News

N Chandrababu Naidu was arrested on Saturday and sent to 14 day judicial custody by a Anti-Corruption Bureau (ACB) court. Chandrababu Naidu was brought to Central Prison in Rajamahendravaram. The TDP chief has been accused in in a multi-crore corruption Andhra Pradesh Skill Development Scam case.

Gautam Kalia, SVP and Head – Super Investor, Sharekhan By BNP Paribas, says “if a fund is consistently keeping 15-20% in cash, then it is really a cause for concern because you are not really getting your money's worth as far as fund management fees are concerned, your money is not being deployed as you expected it to. Those become red flags for us and should become a red flag for investors also, especially if the fund house finds it difficult to deploy money over a 6-month to 12-month period and stays in cash at elevated levels.”What is the concept of holding cash that fund managers have?Typically most mutual funds allow for redemption at any given point of time, even if there are exit load implications and tax implications, you can get your money and you can place a redemption request anytime and get your money in two-three days depending on the category of fund.

Geert Wilders. The court ruled that the statement by 37-year-old Khalid Latif — who lives in Pakistan and has not attended any stage of the trial or been detained in the Netherlands — should be regarded as incitement to murder, sedition and threat. Prosecutors said Latif posted a video in 2018, offering a reward for the murder of Wilders. That video came after Wilders said he planned to hold a contest for cartoons depicting caricatures of the Muslim Prophet Mohammad.

space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. «There is tremendous scope for collaboration… such as in artificial intelligence, robotics, cyber security, automation and space, where we are looking to further liberalise our foreign direct investment norms to bring in private sector and foreign investment in our space sector,» Singh said at the India-Saudi Arabia investment forum meet here. Presently FDI in space sector is allowed up to 100 per cent in the area of satellites establishment and operations through government route only. He added that several Saudi Arabian companies have invested in Indian wind and solar energy sectors. «We look forward for collaboratively working with you,» he said, adding there is also tremendous scope for collaboration between Saudi Arabian military industry and make in India campaign, which can enable «us to work» on joint collaboration on defence projects of mutual interest. The secretary sought investments in areas such as bulk drug parks and food processing sector. As India is the home of several agro-tech startups, huge potential is there to increase collaboration, he added. On trade front, he said that the bilateral trade between the two countries has reached USD 52.8 billion in 2022-23.

Karnataka Chief Minister Siddaramaiah on Monday hit out at the BJP-led government at the Centre, alleging delay in giving approval to the construction of the Mekedatu balancing reservoir over river Cauvery, and accused neighbouring Tamil Nadu of causing «unnecessary nuisance» on the issue. Karnataka has been pressing for the implementation of the Mekedatu project, saying it is the only solution for the Cauvery water dispute between the two states during times of rainfall distress. «The BJP government at the Centre has not given permission for the Mekedatu project.

Indian Foreign Service officers played pivotal roles in India's successful bid to secure a consensus at the recent G20 Leaders Summit. As per a TOI report, these officers, working closely with India's G20 sherpa Amitabh Kant, were instrumental in navigating the challenging negotiations that spanned over 200 hours, involving 300 bilateral meetings and 15 draft revisions. Announcing the achievement on the microblogging site X, Amitabh Kant shared his appreciation for the tireless efforts of these diplomats.

V Vaidyanathan, MD & CEO, IDFC First Bank, says “currently my direct shareholding and holding in the trust – I also run a social trust which has 50.9 lakh shares of the bank– as of June 30, was 0.58%. After this transaction, it will increase to 1.04%. So effectively, this transaction is increasing my holding and that is important to note. And including the options yet to be converted, my holding will be 1.23% in the bank. GQG had already bought close to 3.9% or 4%. Together with this, they will probably go to around 4.7% that is my understanding. ”The market perceives that when promoters are selling out, it means that they feel that the stock is richly priced or they feel that the franchise value has lived up to its expectations but that is not the case in IDFC First Bank. What prompted you to sell your personal stake to GQG Partners?First of all, thanks for asking that question.

Maestro AR Rahman has hit the headlines for the wrong reasons. The Oscar-winning composers' latest live music concert at Chennai, ‘Marakkuma Nenjam’ has been widely condemned by fans for mismanagement. Many disgruntled fans accused the organisers of making the live show a scam, alleging they sold innumerable tickets despite having limited seats. Others claimed that even after paying Rs 5000 per ticket, many fans were made to stand outside the venue. Some alleged that the volume system was faulty and that viewers seated further away from the stage could not hear anything. Trade analyst Manobala Vijayabalan shared a video of a furious fan tearing up the ticket and wrote, “Disappointed #ARRahman fan tore #MarakkumaNenjam concert tickets and says this is indeed an unforgettable event and a worst gift from A R Rahman to the people.” Another disappointed fan urged the icon to take responsibility. “Most of them return with big disappointment.People are not allowed even if they have tickets.

Shoaib Akhtar, who is known to be quite outspoken, is once again in the news for his comments. This time, a video is going viral on the internet in which he could be saying that the rain saved Pakistan. «I came to watch the match, we were all waiting, Indian and Pakistani fans. Rain saved us.

On Monday, Bitcoin price experienced a minor decline of 0.50%, trading at $25,742. This shift in value comes amidst India's contemplation of regulating the cryptocurrency sector in alignment with the IMF-FSB guidelines. 

Ralph Lauren took over a different New York city borough — Brooklyn — with a sumptuous event that marked his return to NY Fashion Week after four years and brought out stars like Jennifer Lopez, Julianne Moore, Diane Keaton, Mindy Kaling, Gabrielle Union, James Marsden and many others. After crossing the country last year to stage a lavish show at the grand Huntington Library in San Marino, California, Lauren returned to his home base of New York with Friday's show in a cavernous warehouse space at the Brooklyn Navy Yard, transformed into a reimagined artist's loft. He decorated the space with rustic wood and draped canvases, and added glittering chandeliers above. None other than Christy Turlington closed out the runway show of Lauren's Spring 2024 women's collection, the 53-year-old supermodel looking regal in a one-shouldered gown in shiny gold.

₹3.11 lakh. Interested buyers can reserve their 2024 KTM 390 Duke by placing a booking on the manufacturer's official website, requiring a token payment of ₹4,499. Anticipated delivery of the 2024 KTM 390 Duke is set to commence prior to the onset of the festive season.

Asia Cup 'Super 4' clash between India and Pakistan was washed out on Sunday due to relentless rain. The showdown, set at the R Premadasa Stadium in Colombo, was forced into a reserve day, scheduled for September 11. On Sunday, as the contest unfolded and India's innings reached its halfway point, rain showers abruptly disrupted the game.

Dhiraj Bommadevara showed some spark when he shocked two-time Olympic team gold medallist Kim Woojin 6-2 but lost his next two matches to return empty-handed as India ended their campaign with a solitary silver medal in the 'Archery World Cup Final'. Compound archer Prathamesh Jawakar won the country's lone medal despite India fielding their biggest-ever contingent of five archers in the World Cup's season-ending grand finale. Rising Indian recurve archer Dhiraj began his campaign on a rousing note when he rallied from 0-2 to pull off an upset 28-29, 30-28, 30-28, 29-26 win over the World No.

David Aaker, hailed as the "Father of Modern Branding," stands as an iconic figure in the realm of branding and marketing strategy. With a career marked by groundbreaking contributions and a relentless pursuit of excellence, he has reshaped the branding landscape and left an enduring legacy. Today, we delve into the remarkable journey of this branding luminary and the exceptional opportunity he extends through the «Future of Marketing & Branding Masterclass.»

Bengaluru, causing potential inconvenience for school students and office-goers. The Federation of the Karnataka State Private Transport Associations, consisting of 32 private transport associations, has called for a 'bandh' starting from midnight today until midnight on Monday. As a result, most private transport services are likely to be unavailable during this period. Private maxi cabs serve as a vital mode of transportation for many schoolchildren, prompting some schools in the city to declare a holiday on Monday to prevent disruptions for students, according to official sources.

alliance leaders are likely to invite Akali Dal and the Indian National Lok Dal (INLD) to join the opposition bloc formed against the Bharatiya Janata Party (BJP) government, according to a report published by Economic Times. The top leaders of the INDIA bloc including Bihar CM Nitish Kumar, RJD's Tejashwi Yadav, and NC leader Farooq Abdullah will share a stage with BJP's former ally Shiromani Akali Dal (SAD) in Haryana's Kaithal on September 25.

The much-anticipated India vs Pakistan clash in the Asia Cup 2023 faced an unexpected interruption as rain washed out the day's play. The match, originally in full swing at The R. Premadasa Stadium in Colombo, will now resume from where it left off, as decided by the officials.

Sandip Sabharwal, asksandipsabharwal.com, says people who are buying speculative stocks at this stage should be a bit careful. But I do not see a very deep sell-off in the sense that it is not going to be a 10-15% kind of correction. A moderate correction will give opportunities to buy. Overall equity outlook is still constructive.What has been keeping you busy apart from enjoying a break from the markets?Markets are very interesting in the sense that we have seen, again, a break in correlation of Indian markets with the global markets, which happens but it does not sustain. So, that is something we need to watch out for. The result season went and came and went and I think to that extent, all of that got factored in. Now, there are some concerns related to valuation, the impact of monsoon not being as good etc. But overall, my base case view always was that October-November will be the time when we should see some sort of correction in the market which should happen because the rise in the midcap indices has been quite euphoric. Typically that has to be followed by some sort of correction

The Federation of Karnataka State Private Transport Associations in Bengaluru announced a 'bandh' scheduled to start from midnight of September 10 and continue until midnight of September 11. The strike is expected to disrupt transportation services. As a result of this bandh, some schools have already declared a holiday for Monday, according to official sources cited by the news agency PTI.

Pepe ($PEPE) is struggling to regain the bullish sentiment lost on August 28 after its rug pull. So, its investors are now looking for other options among the new ICOs available. Their attention has turned to Borroe.Finance ($ROE) - a blockchain ICO dedicated to creating an efficient fundraising marketplace. $ROE is also getting attention from Hedera ($HBAR) holders following its recent drop.