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14.02 / 02:49
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Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.
14.02 / 00:23
14.02 / 00:23
IPO
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end
Sebi asks companies for accurate details on end use of IPO funds
money through initial public offerings (IPOs) will have to give accurate details of the end use of the funds. The Securities and Exchange Board of India (Sebi) has increased scrutiny of IPO disclosures and, in several cases, asked companies to revise their issue documents as it observed funds are being used for purposes different from those listed in the application to the regulator. This is being done to avoid a longer lock-in of promoter shareholders' shares mandatory after an IPO.
13.02 / 21:15
Hollywood
Apple
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'Invasion' season 3: When and where to watch?
Invasion' season 3 is happening as Apple TV+ has decided to renew the season for a third season. 'Invasion' is a sci-fi drama created by David Weil and Simon Kinberg, as per The Hollywood Reporter. The second season of 'Invasion' was premiered three months back. The production for the third season will begin by the end of February, as per the report.
13.02 / 19:15
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International
Hindujas may borrow ₹4,000 crore to fund Reliance Capital purchase
Hinduja Group is in discussions to borrow ₹4,000 crore from non-banking financial company 360 One Prime (formerly IIFL Wealth Prime) to part-finance its acquisition of Anil Ambani-promoted Reliance Capital under the bankruptcy code, two people aware of the negotiations said. IndusInd International Holdings (IIHL), the holding company of Hinduja Group, is looking to borrow a total of ₹8,000 crore for the deal, but it has been facing pricing challenges with various credit funds demanding rates on the higher side. While 360 One Prime has offered to lend ₹4,000 crore at 14-15%, other private credit funds, including Ares SSG, too, have expressed interest in lending, albeit at higher interest rates and with better covenants, one of the people cited above told ET.
13.02 / 19:15
Election
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BJD names D Samantray and Subhasish Khuntia for the upcoming Rajya Sabha elections
BJD) leaders Debasish Samantray and Subhasish Khuntia on Tuesday filed their nominations for the upcoming Rajya Sabha elections. The two BJD candidates filed their nominations before the Returning Officer here in the state assembly, in the presence of BJD President and Chief Minister Naveen Patnaik. Three Rajya Sabha seats from Odisha are set to be vacant in April following the completion of the terms of Union Minister Ashwini Vaishnaw, and BJD MPs Prashant Nanda, and Amar Patnaik. Debasish Samantray thanked CM Patnaik for choosing him and said the state will always be the priority.
13.02 / 19:15
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Soccer: Kylian Mbappe back for PSG Champions League tie with Real Sociedad
Kylian Mbappe sat out Paris St Germain's Ligue 1 game at the weekend, but their top scorer is set to return for the Champions League last 16 tie with Real Sociedad, manager Luis Enrique said on Tuesday. Mbappe, who has scored 30 goals in 29 games this season, was an unused substitute in Saturday's 3-1 win over Lille, a precaution taken after he took a knock to his ankle three days previously in another 3-1 win, over Brest in the Coup de France. The French forward has played the full 90 minutes in all six Champions League games this season for PSG and that doesn't look like changing when they host the Spanish side in Wednesday's first leg.
13.02 / 19:15
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Yes Bank set to recover 50% of dues from sale of Katerra India debt
Yes Bank is set to recover about half of its dues from Katerra India by selling loans of the company undergoing corporate insolvency. Prudent ARC on Monday matched a counter-offer by Asset Reconstruction of India (Arcil) for Katerra India at a Swiss challenge auction held by Yes Bank, said people with knowledge of the matter.
13.02 / 19:15
UPS
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SP names Jaya Bachchan, two others for Rajya Sabha seats
Jaya Bachchan, former chief secretary of UP, Alok Ranjan, and former MP and close aide of Mulayam Singh Yadav, Ram ji Lal Suman, are the Samajwadi Party's nominations for UP for the upcoming Rajya Sabha polls. The three candidates filed their nomination papers on Tuesday in Lucknow in the presence of Akhilesh Yadav, Shivpal Yadav and others. SP has 108 members in the assembly and can send three members to the RS, with ally Congress also having two MLAs.
13.02 / 19:15
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fencing
Will deport post-1961 immigrants: Manipur CM N Biren Singh
ethnic violence which has been ravaging Manipur since May 9 last year and the indigenous communities seeking safeguards. Speaking at a community development programme on Monday, Singh said, «We are passing through troubled times. The crisis we are facing today is one of struggle for existence, survival, and identity. The properties and identity, inherited over centuries, have now become insecure due to the lack of vision of certain politicians. Our generation is insecure today, so the government is working to make your future secure.» He said the government's measures, such as erecting fences and revoking the free movement regime (FMR), were aimed at guaranteeing a secure future, thereby curbing rampant illegal immigration and illicit activities like drug trade and weapons trafficking.
13.02 / 18:55
FIVE
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CBS
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Real Madrid vs RB Leipzig live: Start time, where and how to watch UEFA Champions League round 16 game?
Real Madrid will play RB Leipzig in the UEFA Champions League round 16 on Tuesday. The Spanish giant are in Leipzig and the match will take place at Red Bull Arena. UEFA Champions League round 16 match will kick off at 3 pm (ET) on Tuesday, February 13. One can watch the soccer game between Real Madrid and RB Leipzig on Paramount+. The live streaming will also be available on CBS Sports App.
13.02 / 18:55
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Investigations
NCLT dismisses lawsuit demanding probe into affairs of Indiabulls Housing Finance
National Company Law Tribunal (NCLT) has dismissed a lawsuit demanding an investigation into the affairs of Indiabulls Housing Finance that was brought to court by Supertech Realtors. Supertech Realtors alleged that Indiabulls Housing Finance had illegally deducted excess sums of money from its loan account. In its lawsuit, the real estate firm alleged that the total sum accrued to it was ₹5,873 crore but Indiabulls Housing Finance deducted ₹6,150 crore from its loan account. It alleged that this was a fraudulent act which had public interest ramifications because it would impinge on its ability to deliver flats to customers.
13.02 / 18:39
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Nalco Q3 Results: Net profit rises almost two-fold to Rs 471 cr
National Aluminium Company Ltd on Tuesday reported an almost two-fold rise in consolidated profit to Rs 470.61 crore for the quarter ended on December 31, 2023. The company had posted a consolidated profit of Rs 256.32 crore in the October-December quarter of FY2022-23, Nalco said in a filing to BSE. Total income during the quarter under review rose to Rs 3,397.87 crore from Rs 3,357.71 crore in the year-ago period.
13.02 / 18:25
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Coca-Cola
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Coca-Cola India business witnesses robust growth in 2023
Coca-Cola Company on Tuesday said its beverage volume growth in 2023 in the developing and emerging market was led by India and Brazil. The India business «experienced a robust growth in 2023», said James Quincey, Chairman and CEO of the Coca-Cola Company during the earnings call on Tuesday. The company's net revenue for the December quarter grew 7% to USD 10.8 billion, and organic revenues (non-GAAP) grew 12%. For 2023, net revenues grew 6% to USD 45.8 billion.
13.02 / 18:05
Election
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community
2020
BJP's Nand Kishor set to be speaker of Bihar assembly
BJP leader Nand Kishore Yadav on Tuesday filed his nomination for election to the post of Bihar assembly Speaker. Yadav filed his nomination papers in the presence of chief minister Nitish Kumar, deputy CMs Samrat Choudhary and Vijay Kumar Sinha and other senior leaders. As per the deal, the Speaker will be from BJP and deputy Speaker from JDU.
13.02 / 16:39
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Provident
security
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testing
HFCL bags Rs 179 crore order from BSNL for 4G, 5G network equipment
telecom gear company HFCL has bagged an order worth Rs 179 crore from state-run Bharat Sanchar Nigam Limited to supply 4G and 5G network equipment, the company said on Tuesday. Out of the total advance purchase order worth Rs 179 crore, the company has secured an order worth Rs 141 crore comprising Rs 119 crore in capital expenditure and Rs 22 crore for annual maintenance contract. «HFCL has secured a purchase order worth Rs 141 crore(Capex Rs 119 crore and AMC Rs 22 crore) from Bharat Sanchar Nigam Limited (BSNL) out of the advance purchase order worth Rs 179 crore issued to the company,» HFCL said in a statement. Under this order, HFCL will provide product and services to BSNL crucial for supporting 4G and 5G network requirements. The scope under this order encompasses initial planning, on-site surveys, supply installation, testing, commissioning, operations and annual maintenance of microwave links.
13.02 / 16:39
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Justice
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Courts
Calcutta HC rejects imposition of Section 144 in North 24 Parganas district's Sandeshkhali
Calcutta High Court set aside the declaration of prohibitory orders under Section 144 of CrPC in North 24 Parganas district's Sandeshkhali on Tuesday. The HC, in another case, today took suo motu cognisance of allegations of sexual assault on women “at gunpoint” and transfer of tribal land at Sandeshkhali in West Bengal. Justice Joy Sengupta of Calcutta High Court today rejected the imposition of Section 144 in the entire Sandeshkhali. However, the court observed state has liberty to impose Section 144 in certain pockets after judicial review, people in the know said. Sandeshkhali has witnessed violent protests by women in the last one week and over allegations of atrocities on women and land grabbing by miscreants close to absconding Trinamool leader Shahjahan Sheikh. Additional forces of eight platoons will be deployed in Sandeshkhali, including deployment of the women forces, the court observed. Altogether 16 FIRs have been lodged in connection with Sandeshkhali, people in the know said.
13.02 / 16:39
Racing
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travelers
Sonia Gandhi to file nomination for Rajya Sabha polls from Rajasthan: Sources
Congress president Sonia Gandhi will file her nomination from Rajasthan for the upcoming Rajya Sabha polls, party sources said on Tuesday. The sources said she will be travelling to Jaipur and party president Mallikarjun Kharge and her daughter Priyanka Gandhi Vadra are likely to accompany her for the filing of nomination papers. Gandhi, who represented Rae Bareli in Lok Sabha, will not contest the next general election. «She is likely to file nomination for Rajya Sabha on Wednesday,» a source said.
13.02 / 16:39
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West Bengal: Violent clashes erupt in Basirhat as BJP leader and workers stopped en route to Sandeshkhali
Basirhat turned into a war zone on Tuesday as stones were hurled at police, and major ruckus prevailed in front of the Superintendent of Police's office in Basirhat when BJP State President Sukanta Majumdar and BJP workers were stopped on their way to Sandeshkhali, leading to clashes between BJP members and police. Meanwhile, protests erupted across the state by the Left, and a Congress delegation was stopped on their way to Sandeshkhali in Dhamakhali. Police resorted to lathi charges and lobbed tear gas shells to bring the situation under control after stones were hurled, and chaos ensued amid BJP workers breaking barricades. Clashes broke out between police and BJP supporters several times as BJP workers led by Majumdar attempted to break prohibitory orders near the SP's office in Basirhat amidst protests by the saffron party over alleged assaults and harassment of women in the Sandeshkhali block. Majumdar stated, «The attack was pre-planned. It was orchestrated by the police to injure me and attack us. We had written a letter to the Police Superintendent about our apprehensions of an attack. But the Police did not pay any heed to it.»
13.02 / 16:39
Manufacturing
Mobile
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Cummins
India likely to use indigenous engines in Arjun tanks as German engines getting delayed by four years
power plant for Arjun Mark 1A tanks as the German engines used for powering the indigenous tanks are likely to be delayed by around four years. «The German engine manufacturers have communicated that they would require around 48 months to restart the production of the engines used by the Arjun Mark 1A tanks to be used by the Indian Army for deployment mainly in the desert sector,» defence sources told ANI. The agencies concerned are now trying to use the period of delay in the project to develop an indigenous engine that can be used for powering the Arjun Matk1As, they said.
13.02 / 14:53
DOW
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inflation data
Nasdaq sinks 2% at open as hot inflation data drives rate-cut jitters
The Dow Jones Industrial Average fell 98.21 points, or 0.25%, at the open to 38,699.17.
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