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Prudent Corporate Advisory Services, an independent retail wealth management services group, has reported a 51% year-on-year increase in revenue from operations, reaching Rs 249.4 crores for the quarter ended June 2024. The company achieved a net profit of Rs 44 crores for the June quarter, marking a 57% growth compared to the same period last year. This significant revenue growth was driven by a 52% increase in the quarterly average assets under management (AUM) in the mutual fund sector, alongside a 64% rise in revenues from non-mutual fund products.

IndusInd International Holdings (IIHL), the winning bidder to take over Reliance Capital Ltd has transferred Rs 2,750 crore to a designated escrow amount in line with the National Company Law Tribunal (NCLT) directions, one person with the direct knowledge of the transfer said. «The money was received on Saturday morning which is what the court had directed. IIHL has also given a binding term sheet by banks which has details of the loans they will raise to finnance the transaction,» this person said. On Thursday a NCLT bench, comprising Justices Virendrasingh G Bisht and Prabhat Kumar, directed IIHL to implement the resolution plan by August 10 and deposit the equity component of Rs 2,750 crore in an escrow account designated by the committee of creditors (CoC).

NCS) under the Ministry of Earth Sciences (MoES) on Saturday confirmed that there has been no natural earthquake recorded in Wayanad and its adjoining areas by any of the Seismographic stations installed in Kerala or its surroundings on August 9, 2024. Ministry of Earth Sciences in a press statement said, the felt tremor reported by media sources with rumbling sound may be due to shifting of unstable rock masses accumulated during landslides from one level to other lower level for better stabilization that have generated sub terranean acoustic vibration due to frictional energy. «This energy has the potential of propagating up to hundreds of kilometres through sub-surface cracks and fractures associated with sub-surface lineaments that may have caused rumbling sounds with ground vibration in the areas as a natural phenomenon in the landslide-Prone zones,» the Ministry said.

Nitin Gadkari has issued a stern warning to Punjab Chief Minister Bhagwant Mann, stating that the National Highways Authority of India (NHAI) may have to cancel or terminate eight major highway projects in Punjab if the law and order situation does not improve. These projects, valued at Rs 14,288 crore, are under threat due to ongoing security concerns and delays. Gadkari's ultimatum comes in response to recent incidents affecting the construction of the Delhi-Amritsar-Katra Expressway. Reports indicate that engineers and workers have been attacked in Jalandhar and there have been threats of arson and violence against the project camp and staff in Ludhiana. Gadkari emphasised that the cancellation of even one segment of these greenfield corridors could render the entire project ineffective. In his letter to CM Mann, Gadkari outlined serious safety concerns for NHAI officers, contractors, and their employees. He also noted issues with pending land acquisition, and included photos documenting the assaults.

Berlin's newest tourist attraction, a swing on the top of a 40-storey tower block. Billed as the highest swing in Europe, the contraption on top of a hotel next to Berlin's famous TV tower is a novel way to take in the city — with a dose of adrenaline thrown in. Once strapped into a harness, customers are propelled forward so that when they are at the high point of the swing, there is nothing between them and the ground 120 metres (nearly 400 feet) below.

Police have received the forensic report of the main accused Mihir Shah in the Worli hit-and-run case that took place on July 7. According to the forensic reports received by police on Friday, Mihir Shah's blood samples have tested negative for alcohol. The report indicates that the main accused, Mihir Shah, was not under the influence of alcohol at the time of the incident. The Worli police arrested the accused Mihir Shah from Virar Fata approximately 58 hours after the incident. The police stated that by the time of his arrest, about 58 hours after the incident, the alcohol had likely left his body.

rave party' at an apartment in Noida, Uttar Pradesh, police arrested 39 university students, some of them were younger than eighteen, according to a statement issued on Saturday. According to the police spokeswoman, they were tipped off about the Friday night «rave party» at the Supernova residential society in Noida Sector-94. According to the official statement, 39 students from a prestigious university who were between the ages of 16 and 20 were taken into custody by the police squad when they arrived at the scene.

Parliament by a Congress-led UPA government minister to emphasise that no concept of «national disaster» exists under the rules of the central government. The clarification came amid a demand, including from Leader of Opposition in the Lok Sabha Rahul Gandhi, that the landslide tragedy in Kerala's Wayanad be declared a national disaster. The then minister of state for home and Congress MP from Kerala Mullappally Ramachandran had told the Lok Sabha in 2013 in a reply to a question that «there is no provision to declare a natural disaster as a national disaster», the sources noted. The reply stated that the government of India adjudges a calamity of severe nature on case-to-case basis, taking into account its intensity and magnitude, level of relief assistance, capacity of the state government to tackle the problem, and alternatives and flexibility available within the plan to provide succour and relief etc.

Narendra Modi is set to arrive in Wayanad in Kerala to assess the ongoing relief and rehabilitation efforts following recent landslides in the region. The Prime Minister is scheduled to arrive in Kannur at around 11 am and then proceed to undertake an aerial survey of the landslide-affected areas in Wayanad. The Prime Minister will visit on-the-ground locations impacted by the disaster, where he will receive a briefing from rescue teams regarding the evacuation operations currently underway.

Adani bombshell last year, Hindenburg Research has hinted at another 'big' India reveal. Hindenburg Research on Saturday, in a post on X(formerly Twitter), said, «Something big soon India.» On January 24 last year, Hindenburg Research published a report sharply criticizing the Adani Group just before the planned share sale of Adani Enterprises. The report led to an $86 billion decline in the market value of Adani Group's stocks and triggered a significant sell-off of its overseas listed bonds.

Ola Electric Mobility listed at ₹76-the price at which the shares were sold in the recent initial public offering-on the BSE on Friday. Subsequently, the stock soared 20% to close at ₹91.2. At close on Friday, the two-wheeler electric vehicle maker had a market capitalisation of ₹40,218 crore. Ola Electric said in an exchange filing it will present its June quarter earnings on August 14. The EV maker's ₹6,145.56crore initial public offering (IPO) was the largest in 2024 so far. It was priced between ₹72 and ₹76 a share. The IPO was subscribed 4.27 times.

Mad Max Saga," will be available for streaming on Max beginning August 16. The film follows the story of Furiosa, portrayed by Anya Taylor-Joy.

Wuthering Waves version 1.2 is scheduled for release on August 15, 2024. The update will introduce new characters, weapons, and events that will engage players with fresh content and challenges.

joint parliamentary committee will examine the Waqf (Amendment) Bill and submit its report in the first week of the winter session of Parliament. The committee will have 21 members from the Lok Sabha and 10 from the Rajya Sabha. The Lok Sabha members to be part of the panel are Jagdambika Pal, Nishikant Dubey, Tejasvi Surya, Aparajita Sarangi, Sanjay Jaiswal, Dilip Saikia, Abhijit Gangopadhyay, DK Aruna, Gaurav Gogoi, Imran Masood, Mohd Javed, Maulana Mohibbullah, Kalyan Banerjee, A Raja, Lavu Sri Krishna Devarayulu, Arvind Sawant, Matre Balya Mama Suresh Gopinath, Naresh Ganpath Mhaske, Arun Bharti and Asaduddin Owaisi. The panel will submit its report on the last day of the first week of the next session of Parliament, said minorities affairs minister Kiren Rijiju. As he moved a motion to adopt the names of 21 members, Congress member Kodukkunil Suresh said the Indian Union Muslim League, his party's Kerala ally, should be included in the panel.

central government was back on the path of fiscal consolidation in 2021-22, having «recovered ground» from the pandemic year, and its ability to sustain debt improved, the Comptroller and Auditor General (CAG) has said. In its report on the government's compliance in 2021-22 of the Fiscal Responsibility and Budget Management (FRBM) Act, the CAG has, however, flagged «deficiencies in disclosures» pertaining to sovereign guarantees provided to state-run firms to obtain loans, and its off-budget borrowings. The report was presented in Parliament on Thursday. «The government guarantees given to loans raised by the public sector entities was maintained within the target ceiling of 0.5% of the GDP for the year 2021-22. We noted deficiencies in disclosures in regard to guarantees,» the CAG said in the report. «Disclosure on extra budgetary resources (being a component of the central government debt) was found deficient in respect of completeness,» it added.

Shiv Swarajya Yatra", kickstarting its campaign for the upcoming assembly elections in Maharashtra, a day after the ruling NCP rolled out its own mass outreach programme. The NCP (SP)'s yatra started from the historic Shivneri Fort, the birthplace of legendary Maratha warrior-king Chhatrapati Shivaji Maharaj, in Junnar tehsil of Pune district. «By taking the blessings of Chhatrapati Shivaji Maharaj here at the Shivneri Fort, we are starting our yatra with a resolve to bring back people's government (rayateche rajya) in the state,» Maharashtra NCP chief Jayant Patil declared on the occasion.

Steel maker Kamdhenu on Friday posted a 28 per cent rise in profit after tax (PAT) to Rs 15.43 crore in the April-June quarter on lower expenses. It had reported a Rs 12.06 crore PAT in the April-June period of 2023-24. The company's total income reduced to Rs 191.10 crore from Rs 210.45 crore in the first quarter a year ago, the company said in an exchange filing.

Manish Sisodia walked out of Tihar Jail on Friday evening, after 17 months of imprisonment. The Supreme Court granted him bail in the CBI as well as the ED cases against him in the now-scrapped Delhi liquor policy case earlier on Friday. «Bharat mata ji jai! Inquilab Zindabad!» said the former deputy chief minister upon his release. «I got bail from the power of the Constitution...Kejriwal will also come out soon. Our fight is against dictatorship,» he added. «Ever since this order came in the morning, every inch of my skin has been feeling indebted to Babasaheb. I don't understand how will pay off this debt to Babasaheb,» he further said in his release speech.

On the BSE, Rajdarshan Ind(down 9.99 per cent), Aryan Shares & Stock(down 9.99 per cent), Ventura Text(down 9.97 per cent), Jet Infraventure(down 9.84 per cent) and Kiran Syntex(down 9.55 per cent) stood among the top losers in today's trade.

Benchmark NSE Nifty closed 250.5 points up at 24367.5 amid buying in frontline bluechip counters.

Shares of Eicher Motors Ltd.(up 5.55 per cent), Samvardhana Motherson International Ltd.(up 2.89 per cent), Ashok Leyland Ltd.(up 2.77 per cent), Tata Motors Ltd.(up 2.53 per cent) and Mahindra & Mahindra Ltd.(up 2.47 per cent) ended the day as top gainers in the pack.