Strategy Financial News

26.11 / 18:13
markets Strategy Experts PAM recommendations Investigations Scandals Chandrababu Naidu-led govt 'considering 3 options' to put Adani-linked PPAs on hold
Adani Green Energy following the US indictment for alleged bribery to win contracts. According to highly-placed state government sources, Andhra Pradesh is considering writing to Solar Energy Corporation of India (SECI) to cancel the power purchase agreement (PPA) signed with Adani Green Energy and recommend a probe by a central investigative agency. Other options being considered include formation of a Cabinet sub-committee to examine the charges of bribery and keep the power supply agreement (PSA) signed with SECI in abeyance. The third option is to completely scrap the PSA. Sources said that the state government is veering towards the option of writing to the SECI and ask it to scrap the PPA. The PPA under scrutiny involves the Andhra Pradesh government's procurement of 7,000 megawatts (MW) of solar power through SECI. US authorities have charged Gautam Adani and seven others with agreeing to pay bribes of $265 million to unnamed state government officials to obtain solar power-supply contracts in Odisha, Tamil Nadu, Chhattisgarh, Andhra Pradesh and the Union Territory of J&K, between 2021 and 2022.
26.11 / 16:01
UPS security Strategy Justice country International UP CM Yogi lauds new criminal laws, says the essence of laws lies in delivering justice
Uttar Pradesh chief minister Yogi Adityanath said the main essence of the three newly implemented criminal laws- Bhartiya Nyaya Sanhita- 2023, Bhartiya Nagarik Suraksha Sanhita- 2023, and Bhartiya Sakshya Adhiniyam- 2023- in the country lies in delivering justice, rather than focusing solely on crime and punishment. These three laws came into force on July 1, 2024. CM Yogi inaugurated the National Conference on the Role of Forensic Science and Cyber Security in the Justice Process, organized on the 75th anniversary of the adoption of the Indian Constitution in Lucknow on Tuesday. “With the inspiration of Prime Minister Narendra Modi, three new laws—Bharatiya Nyaya Sanhita 2023, Bharatiya Nagarik Suraksha Sanhita 2023, and Bharatiya Sakshya Adhiniyam 2023—were implemented on July 1, 2024,” he said. He further added the essence of these laws lies not in criminal codes and penal provisions but in a code of justice and civil security. The process will begin with evidence collection, followed by bringing the accused to justice, he mentioned in his speech.
26.11 / 16:01
markets Fighting security Strategy Death Experts Justice RG Kar Medical case: Bengal BJP MLAs to protest at Governor House
The parents reiterated that they were very disappointed with the behaviour of police and administration on the day of their daughter's death but have faith in CBI. Adhikari announced a demonstration programme in front of Raj Bhawan on December 10 demanding justice for the RG Kar victim. «The BJP MLAs will sit for dharna and we will demand justice. We all support the family and will not allow the matter to die down unless our sister gets justice,» Adhikari said.
26.11 / 16:01
Entertainment Strategy Enterprise awards Experts information Courts Zee Entertainment claims against RailTel rejected by arbitral tribunal
Zee Entertainment and its subsidiary Margo Networks have lost their claims in the arbitration against Navratna PSU RailTel Corporation of India. An arbitration tribunal — formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU — rejected the claim of Margo Networks. «This is to inform you that the Arbitral Tribunal vide its Arbitral Award has rejected the said claims filed by the Company and Margo against Railtel,» according to a regulatory filing from Zee Entertainment. Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiary had initiated arbitration proceedings, opposing «wrongful termination of the Content on Demand Agreement» by Railtel, and claimed the amounts wrongfully forfeited by the public sector undertaking.
26.11 / 16:01
FIVE Man Strategy wellness singer techno reports World's richest man's big custody battle: Elon Musk's ex-partner Claire Grimes Boucher says she hasn't seen one of her kids for 5 months
Elon Musk, Grimes claims she didn't see one of her children for five months. Sons X Æ A-Xii, 4, and Techno Mechanicus, 2, as well as daughter Exa Dark Siderael, 3, are the children of the former couple, as quoted in a report by the Los Angeles Times. About the last few months of her life, Grimes is talking candidly. In a post on X, the singer, whose real name is Claire Boucher, provided an update on the release of her next song on Wednesday, November 20. She also discussed the custody dispute she and Elon Musk, 53, have been having over their three children: daughter Exa Dark Sideræl, 3, and sons X Æ A-Xii, 4, and Techno Mechanicus, 2.
26.11 / 16:01
security Strategy SPY country cover Russia expels British diplomat after accusing him of spying
The agency, known under its Russian acronym FSB, alleged that he has worked for British intelligence under diplomatic cover, replacing one of the six British diplomats who were expelled from Russia in August. The FSB alleged that the diplomat was involved in «intelligence and subversive activities that threatened the security of the Russian Federation». Russia's Foreign Ministry spokesperson Maria Zakharova said a decision has made to revoke the diplomat's accreditation and he has been ordered to leave the country within two weeks. She said that the ministry has summoned the British ambassador to hand over the notice.
26.11 / 14:09
markets Strategy Food Experts PAM reports CCI approves Temasek investment into Rebel Foods
Competition Commission of India (CCI) on Tuesday approved the investment of Singaporean sovereign fund Temasek in Rebel Foods, the parent company of Faasos and Behrouz Biryani. The deal will be a mix of both primary and secondary share sales, with a nearly flat valuation compared to its previous round nearly three years ago. The secondary sale will be at a lower valuation of around $700 million. US-based Coatue and homegrown fund Lightbox may also partially divest their stakes in this round.
26.11 / 14:09
markets Provident Strategy Parke Experts track Features NCRTC launches live train tracking, parking status features on RRTS Connect App
NCRTC has launched real-time train tracking and live parking status features on its RRTS Connect application, a statement said on Tuesday. The commuters of the Namo Bharat trains can now benefit from these features which will make their travel experience smoother and more efficient, it said. The live train tracking feature offers commuters up-to-the-minute updates on train arrivals, showing the exact status and location of the Namo Bharat trains. This feature also provides information on the next station along with the distance and estimated arrival time, it said.
26.11 / 14:09
JPMorgan Strategy TikTok trends War social Videos Dictionary.com's 2024 word of the year has been announced. From Biden to Kim Kardashian, all have used it.
demure' has been announced as the 2024 word of the year by Dictionary.com. 'Demure' world went viral over the summer- beating out other contenders like “brainrot,” “brat,” and “weird.” According to Dictionary.com, the term ‘demure’ means to be characterized by shyness and modesty and to be reserved. The term topped the platform’s annual list after its popular use on social media in recent months, sparked by TikToker Jools Lebron’s viral video using the phrase “Very demure, very mindful." ALSO READ: Work 3.5 days a week and lifespan of 100 years a reality soon? JPMorgan CEO Jamie Dimon envisions a future
26.11 / 14:09
SUN Strategy Celebrity rapper reports Diddy having a hard time in NYC jail? Think twice; here's what he is going to pounce on during the Thanksgiving feast
Diddy will enjoy Thanksgiving dinner at the NYC jail, which will include turkey, mashed potatoes, and cranberry sauce. Even though Sean Combs' Thanksgiving meal in prison will be very different this year, the disgraced celebrity will still be treated to a turkey dinner with all the fixings, as quoted in a report by The US Sun. The rapper is presently detained in a New York jail while he awaits trial on human trafficking charges and he will still be able to celebrate Thanksgiving this year, despite not having his family around to join him for a sumptuous meal at his mansion. The entire menu will be made available to the U.S. Sun exclusively on Thursday at the Metropolitan Detention Centre in Brooklyn, where Combs is being held. Cereal, fruit, pastries, and a glass of skim milk are among the breakfast options Combs, 55, will have in the morning.
26.11 / 14:09
markets COST Strategy Experts reports Cars24 nears Rs 7,000 crore topline in FY24; net loss expands
The Gurugram-based used cars sales platform recorded a 25% on-year growth in its operating revenue at Rs 6,917 crore. The increase in the company's operating revenue was mainly driven by a rise in unit sales as well as growing average selling prices, it said. With this, Cars24 is back on the growth path after reporting a mere 8% year-on-year (YoY) rise in revenue in FY23. The company's net loss, however, expanded to Rs 498 crore in FY24 from Rs 468 crore a year ago.
26.11 / 14:09
markets Strategy Analysis trends Trade Experts recommendations Siemens Q4 Results: Net profit zooms 45% to Rs 775 crore
Revenue rose by 11 per cent to Rs 5,894 crore in the quarter from Rs 5,297 crore in the same period a year ago.
26.11 / 13:21
markets BLOCK Strategy community gatherings Courts Bangladesh: Thousands block prison car carrying Hindu priest Chinmoy Brahmachari after court rejects bail
Bangladesh's port city of Chittagong gathered in the court premises on Tuesday, demanding the release of Hindu priest Chinmoy Brahmachari. The protesters blocked the prison car after a court rejected his bail plea and ordered his arrest. «Thousands of followers lied down to block the prison car,» a local reporter told over the phone.
26.11 / 13:21
markets UPS Digital Strategy economy Trade View: Getting out of a diplomatic snafu over ecommerce
international trade relations, the world watches with bated breath. The US, already vocal about India's trade practices, might retaliate with tariffs on Indian goods, affecting exports, and livelihoods. Indian ecommerce is at a crossroad with local retailers up in arms against MNCs, particularly those from the US. The recent reported actions against e-commerce vendors and players have sparked concerns about the impact on the domestic market. India’s ecommerce market is set to grow to $325 bn, and the digital economy to reach $800 bn by 2030, driven by increasing internet penetration, low-cost smartphones, and GoI initiatives like ‘Make in India’ and ‘Startup India’. This growth has attracted MNCs like Amazon and Walmart, which have invested heavily in the Indian market.
26.11 / 13:21
markets Digital Strategy Experts PAM Term deposits outpace CASA growth in September
«A substantial amount of deposits have shifted to higher interest rate bucket during the latest monetary policy tightening cycle; term deposits bearing over 7 per cent interest rate has increased to 68.8 per cent from 54.7 per cent a year ago,» it said. As per the BSR, bank deposits growth (y-o-y) at 11.7 per cent in September 2024 remained close to that in the previous quarter.
26.11 / 13:21
markets Provident Digital Gap Strategy awards prevention Gold loan providers see opportunity as micro loans falter
These lenders are simply taking the advantage of a demand and supply gap created in the credit market ever since microfinance lenders have slowed down loan disbursement to prevent erosion of their asset quality. Muthoot Finance, the country's largest gold loan provider, for instance, has revised its annual growth projection to as high as 25% from a 15% target set earlier in the year as the demand has suddenly surged in the absence of easier availability of collateral free loans.
26.11 / 13:21
markets Strategy Death Celebrity show reports Is Nicole Kidman the latest A-list celebrity planning to exit the U.S? Here's where she is going and the reason behind the decision
Nicole Kidman has been rumoured to be considering leaving the United States. Celebrities from Hollywood appear to be leaving the country at a very high rate these days; names like Eva Longoria, Ellen DeGeneres, and Richard Gere are frequently mentioned. The U.S. exodus may include Nicole Kidman and Keith Urban, but not for the reasons you might expect, as quoted in a report by SheKnows. The Oscar winner, 57, is still dealing with her loss following the death of her mother, Janelle Kidman, in September. It has been an overwhelming time for her because she is also a finalist for award show season with her erotic thriller, Babygirl. Nicole and Keith have had the worst year ever; they have hardly spent any time together, and she has been alone during some of her most trying moments. Relocating to their native Australia with their daughters, Sunday Rose, 16, and Faith Margaret, 14, is one way for the couple to resolve their issue. After an uncomfortable period, it would be a chance for them to re-establish their grounding.
26.11 / 10:07
UPS Strategy Analysis Research Trade information KEI Industries launches QIP, floor price fixed at Rs 3,880.54
The floor price is at a discount of 3.5% over the stock’s closing price on Monday.
26.11 / 10:07
UPS Strategy Analysis Trade show reports Sagility India shares hit 10% upper circuit after Q2 results
Sagility India shot up by 10% to hit their upper circuit at Rs 31.52 on the BSE in Tuesday's trade after the company posted a 30.5% year-on-year (YoY) jump in its adjusted Q2 PAT at Rs 163.6 crore for the July-September quarter. Meanwhile, the revenue stood at Rs 1,325 crore, which is a growth of 21.1% on a YoY basis.
26.11 / 08:39
markets Strategy Analysis wellness Healthcare track Smart-beta funds: How to pick and choose?
Subscribe to enjoy similar stories. MUMBAI : Smart-beta funds track alternative indices that are variations of regular market indices like the Nifty 50, Nifty 200, or the Nifty 500. These indices are designed to follow specific investment factors such as value, momentum, low volatility, or quality.

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