Strategy Financial News

Hyundai Motor India (HMIL), which listed on the bourses Tuesday with the country’s largest initial public offering, said it will continue to invest in the Indian market to expand capacity, deepen localisation and bring in new technologies that would include the launch of multiple electric vehicles to create value for shareholders. Speaking at the listing ceremony at the National Stock Exchange (NSE), Euisin Chung, Executive Chairman, Hyundai Motor Company, held the IPO shows that HMIL is a “key part of India”. This is the first IPO for a unit of the South Korean automaker outside South Korea. “As we move forward, HMIL will continue to embrace the highest standards in governance. Through its board of directors, HMIL will make prudent, transparent and timely decisions. Also, our commitment to localization will continue, based on the spirit of collaboration and shared growth. Our commitment to being a pioneer in future technologies will continue as well — right here in India”, Chung said.

The conflict at the border had significantly strained relations between the two countries, especially following a fierce clash in the Galwan Valley in June 2020, which was the most serious military conflict between China and India in decades. China spokesperson Lin Jian said during a media briefing that both nations have been in close communication through diplomatic and military channels regarding issues at the China-India border.

ACC Ltd. traded 1.51 per cent down in Tuesday's trade at 12:33PM (IST). Around 3,446 shares changed hands on the counter. The counter opened at Rs 2308.55 and touched an intraday high and low of Rs 2329.0 and Rs 2265.15, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.

Subscribe to enjoy similar stories. Bengaluru-based logistics startup Porter is looking to double its domestic geographical presence in the next 3-4 years, even as it seeks to expand its international operations beyond Dubai, a market it entered last year. The company, which is currently present in about 22 cities, including 7-8 metro cities, is looking to expand to nearly 40 cities in the coming years, Uttam Digga, co-founder and CEO of Porter, told Mint.

This initial consignment comprises 30 tons of essential items, including medicines, surgical supplies, dental products, general medical items, and high-energy biscuits, which will be distributed through the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). Sharing a post on X, Randhir Jaiswal, the official spokesperson of the Ministry of External Affairs wrote, «India sends humanitarian assistance for the people of Palestine through UNRWA.»

National Health Commission (NHC) has released its first set of guidelines aimed at standardising the diagnosis and treatment of obesity, as over half of the adult population is currently classified as overweight or obese. This trend is expected to continue, with projections suggesting that by 2030, the obesity rate could reach 65.3 per cent. Published on October 17, the guidelines highlight the growing public health crisis posed by obesity in China, which is now recognised as the sixth leading risk factor for death and disability in the country. However, the country faces a dual challenge contributing to this issue.

Special Investigation Team (SIT) on Monday in connection with a 2010 sexual assault case in the central Kerala district of Thrissur. His lawyer confirmed that the MLA was arrested, his medical examination and potency test were carried out and then he was released as he had been granted anticipatory bail in the case by a sessions court on September 24. Two cases have been registered against Mukesh, one by the Wadakkanchery police and the other by the Maradu police and in both he has got anticipatory bail. According to the police, the complainant in the case at Wadakkanchery is the same female actor on whose complaint a FIR has been lodged against him at Maradu police station.

Chhatarpur, Binnu Rani, whose real name is Deepa Yadav, recently visited the Chief Minister's residence in Bhopal. Known for her Bundeli language videos, Binnu Rani met with Chief Minister Dr. Mohan Yadav during an official gathering.

Congress state legislature party leader Balasaheb Thorat on Tuesday met with Sharad Pawar of the NCP (Sharadchandra Pawar) ahead of today's meeting of the Maha Vikas Aghadi (MVA) constituents, which includes that two parties and Shiv Sena (UBT) on seat-sharing for the upcoming Maharashtra assembly polls. Shiv Sena (UBT) leader Sanjay Raut said «Congress' senior leader Balasaheb Thorat who was in Delhi has come to meet Sharad Pawar today morning. Later, he will go to Matoshree and then we Uddhav Thackeray and other Shiv Sena leaders will have a meeting with Congress leaders and then we will see what to do, but everything is fine as of now...» Yesterday, the Central Election Committee (CEC) of the Congress chaired by Congress chief Mallikarjun Kharge had met in the national capital to finalise candidates for the assembly polls.

Omar Abdullah and Shagun Parihar.

RG Kar Medical College rape and murder case in Kolkata ended their hunger strike after a two-hour-long meeting with Chief Minister Mamata Banerjee at the state secretariat Nabanna on Monday night. «Today at the meeting with the Chief Minister, we got the opportunity to discuss many things and she also spoke to us about many things. We have got assurance of some directives, which she said we would get by 3 pm p.m. tomorrow,» SayantGhosh Hazra, a junior doctor, told ANI after the meeting. Seventeen junior doctors participated in the meeting with Chief Minister Mamata Banerjee. The meeting was telecast live from the secretariat.

LTIMindtree (LTIM) are currently trading at Rs 5,943, reflecting a short-term downtrend after pulling back from higher levels. A bearish double top pattern has formed on the daily chart, and the price has broken below a rising trend line, signaling a potential breakdown and further downside risk.

Wall Street Journal and the New York Post filed a lawsuit in a US court on Monday against AI company Perplexity AI, alleging massive copyright infringement and trademark violations. Perplexity is one of Silicon Valley's hottest startups, whose AI powered search engine is often mentioned as a potential disruptor to Google. The lawsuit in a federal court in New York accuses Perplexity of illegally copying and reproducing copyrighted content from The Wall Street Journal and the New York Post to power its AI-driven «answer engine.»

Adani Green will be in focus in today's trade as the company will announce its results for the second quarter ended September 2024. While there are no estimates for the quarterly numbers, Adani Green in its pre earnings update said the operational capacity increased by 34% YoY to 11,184 MW during the first half of the year with greenfield addition of 2,418 MW solar and 450 MW wind power plants.

«Bengaluru can expect a cloudy sky today, accompanied by light to moderate rainfall and thunderstorms in both urban and rural areas. The maximum temperature in the city is expected to be 29 degree Celsius while the minimum is expected to be 21 degrees Celsius,» according to the IMD. India's weather agency excpects more rains in the Karnataka capital city, Bengaluru, today i.e. on October 22. Yesterday, due to the incessant rain, the District collector had declared a holiday for Anganwadis, schools in the city. However, no notice for extension of holiday is released.

Cyclone Dana, schools to remain closed in Ganjam, Puri, Jagatsinghpur, Kendrapara, Bhadrak, Balasore, Mayurbhanj, Keonjhar, Dhenkanal, Jajpur, Angul, Khurda, Nayagargh and Cuttack districts from October 23 to 25. India Meteorological Department (IMD) has predicted heavy rainfall in Odisha in the upcoming week as Cyclone Dana is expected landfall on October 24. Speaking to ANI, IMD scientist Soma Sen Roy said that warnings have been issued for coastal Odisha and Andaman and Nicobar Islands due to the impact of the landfall.

soft power quotient will get a boost with Russian President Vladimir Putin planning to discuss promotion of Indian cinema with Prime Minister Narendra Modi during their meeting Tuesday on the eve of the BRICS Summit here. Putin recently said Indian cinema is more popular in Russia than entertainment from any other BRICS country. Russia has a dedicated TV channel that plays Bollywood movies «day and night», he said. This was the first time Putin has brought up the issue of the soft power quotient in the India-Russia partnership. Bollywood movies have been extremely popular in the erstwhile Soviet Union. Raj Kapoor, Mithun Chakraborty and Hema Malini are cult figures across the ex-Soviet republics. Yet Russia has not been chosen by the Indian film industry as a location for film shootings.

RFK Jr. and Cheryl Hines display PDA while battling rumours of a sexting scandal. The pair, who were spotted kissing and embracing in public on October 17, have come under fire after it was claimed that Kennedy and a political reporter became intimate during his presidential campaign, as quoted in a report by the People. Robert F. Kennedy Jr. and Cheryl Hines cuddled up in front of cameras this week as rumours circulated that Kennedy had a personal relationship with a political journalist.

Hulu released the first trailer for Goosebumps: The Vanishing at New York Comic Con. The show, featuring David Schwimmer, brings a mysterious, supernatural entity to New York City.

Taylor Swift Era’s Tour concert which took place in Miami while it appeared from a picture that he dozed off during the show. According to People, Jason Kelce was being photographed with his eyes closed while he was being seated with Kylie, his wife and his two daughters, Wyatt and Elliotte. The Kelce family outing at the Taylor Swift’ Eras Tour Miami concert also included Jason Kelce’s mother Donna Kelce who was present for her very first Eras tour concert. Jason Kelce’s wife Kylie was seen to be really enjoying the performance while she was holding one of their daughters, reported People. Also Read: Goosebumps: The Vanishing: What we know about trailer, plot, production and characters

Creature Commandos, directed by James Gunn, has been released. The show is set to premiere on December 5, 2024. The series, featuring seven episodes, will be released weekly.