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Exit Polls: BJP-NDA alliance confident of forming govt in Maharashtra, Jharkhand
Exit poll predictions for the state assembly elections sparked varied reactions across political parties. While some parties celebrated favourable forecasts, others questioned their accuracy, labelling them premature and unreflective of ground realities.
Ind vs Aus: It's going to get more attritional, says Cummins on eve of five-match series
Australian captain Pat Cummins acknowledges the upcoming five-Test Border-Gavaskar Trophy against India will be a grueling contest. Despite the pressure of past losses to India, Cummins expresses confidence in his team's preparation. He emphasizes newcomer Nathan McSweeney should focus on his natural game and praises the talent of India's young all-rounder, Nitish Reddy.
5 dead and 15 injured after truck collides with double decker bus on Yamuna expressway
Five people died and 15 others were injured when a truck and a double-decker bus collided on the Yamuna Expressway in Aligarh, India, early Thursday morning. The bus was en route from Delhi to Azamgarh when the accident occurred. Police attributed the cause of the crash to dense fog and the truck driver's attempt to overtake the bus.
NDA or INDIA? Swaminathan Aiyar on who may win Jharkhand and Maharashtra polls
Economist Swaminathan Aiyar suggests that the Congress-INDIA bloc might hold an advantage in the Jharkhand and Maharashtra assembly elections. While exit polls indicate a tight race, Aiyar believes the BJP-led NDA's chances are slightly better in Maharashtra. He cautions against relying solely on exit polls, citing their historical unreliability.
RBI Governor Shaktikanta Das underscored the importance of fiscal-monetary coordination in navigating India through global economic shocks. He highlighted India's success in managing inflation and supporting growth through effective supply management and structural reforms like GST and IBC. Das emphasized the RBI's proactive policy responses, including front-loaded rate hikes, to address inflation and support growth.
Indian Defence Minister Rajnath Singh attended the ASEAN Defence Ministers' Meeting in Laos. He highlighted India's commitment to dialogue and peaceful resolutions for international issues. Singh emphasized the importance of cooperation and adherence to international law for peace and stability in the Indo-Pacific region. He also acknowledged the strengthening ties between India and ASEAN.
A recent study published in the Journal of the American College of Cardiology found that prolonged sitting increases the risk of heart disease, even with regular physical activity. The study emphasises the importance of reducing sedentary behavior to mitigate health risks. Excessive sitting can lead to various health issues, including heart disease, diabetes, cancer, musculoskeletal problems, and mental health concerns.
Adani Group loses $22 billion in market value after US indictments
Gautam Adani's flagship company Adani Enterprises fell 10 per cent
Stock market update: Sugar stocks down as market falls
The 30-share BSE Sensex was down 507.08 points at 77071.3
United Spirits shares 0.72% as Nifty
A total of 2,452 shares changed hands on the counter till time (IST).
New COP29 proposal shows wide gap persists on climate funding deal
Negotiations at the COP29 climate summit in Baku are struggling to reach a consensus on financial aid for developing nations facing climate change. A new draft proposal highlights the divide between developed and developing countries on the annual funding amount, eligible financial instruments, and contributor base, leaving the final sum undetermined.
A total of 1,022 shares changed hands on the counter till time (IST).
Rapido expands shared mobility services, to launch airport pooling services
Rapido has been doubling down on its 2-wheeler, 3- wheeler and 4-wheeler services, while also creating employment at scale: CEO
Rising dollar puts Indian markets on edge. These sectors are feeling the pinch
The surging US dollar, driven by a strengthening US economy and potential policy shifts, is impacting Indian markets. Import-heavy sectors like oil and gas and auto are facing margin pressures, while export-dependent sectors remain resilient for now. Market sentiment is cautious as investors await clarity on the future direction of the dollar and its impact on Indian equities.
Pidilite Ind stock price 0.13 per cent as Sensex
As of 30-Sep-2024, promoters held 68.43 per cent stake in the company, while FIIs held 11.96 per cent and domestic institutional investors had 3.62 per cent.
Chennai's real estate firm Casagrand is sending 1,000 employees on an all-expenses-paid week-long trip to Barcelona, celebrating their dedication and teamwork. This initiative is part of the annual Profit-share Bonanza program
Stock market update: Nifty Realty index 0.31% in a weak market
The Nifty Realty index was trading 0.31 per cent at 963.30.
These 4 stocks showing RSI Trending Up on November 19
Four Nifty50 stocks showed RSI trending up, signaling strengthening momentum and potential upward movement: Tech Mahindra, Wipro, HDFC Bank, and Mahindra & Mahindra. Traders may consider these as buying opportunities.
Buy Grasim, target price Rs 3,060: Motilal Oswal Financial Services
Motilal Oswal Financial Services maintains a buy call on Grasim Industries, setting a target price of Rs 3,060. They cite a recovery in Grasim's VSF business and anticipate margin improvement in the second half of FY25. The brokerage also highlights the company's growing paints business and its goal to capture a significant market share by FY25.
Stock market update: Nifty Bank index 1.01% in a weak market
The Nifty Bank index was trading 1.01 per cent at 50115.85.
Voltas shares 0.7% as Sensex falls
On the technical charts, the RSI of the stock stood at 43.22.
Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries
Morgan Stanley maintains a cautious stance on the chemical sector, retaining an Overweight rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.
Elon Musks influence in politics is under the spotlight again as reports suggest he was present during a call between President-elect Donald Trump and Google CEO Sundar Pichai.
IIT(ISM) Dhanbad signs MoU with sentra.world to research on use of biochar for steel making
Indian Hotels shares 1.68% as Sensex falls
On the technical charts, the RSI of the stock stood at 68.
COP29: Rich nations oppose but developing world sticks to $1.3tn/year demand
At COP29, developing nations, including India and China, are demanding $1.3 trillion per year in climate finance from developed countries. They argue that this funding is a legal obligation under the Paris Agreement, not charity. Developed nations are resisting this figure and seeking to expand the contributor base beyond themselves.
Former Lava MD Hari Om Rai gets bail in money-laundering case
The Delhi High Court granted bail to former Lava International MD Hari Om Rai, arrested in a money-laundering case involving Vivo Mobile. The court cited the ongoing documentation stage of the trial and the unlikelihood of its conclusion in the near future as reasons for granting bail.
Buy Lemon Tree Hotels, target price Rs 155: HDFC Securities
HDFC Securities has issued a buy call for Lemon Tree Hotels Ltd., setting a target price of Rs 155. Despite a recent dip in occupancy rates, the hotel chain's revenue and EBITDA saw significant year-over-year growth. HDFC Securities predicts strong growth for Lemon Tree Hotels, citing the company's ambitious expansion plans and focus on asset-light growth.
RPG Enterprises to scale up global foray, eye new business adjacencies, Vice Chairman Anant Goenka
RPG Enterprises, aiming to double its market capitalization in the next three to five years, is eyeing strategic acquisitions and expansions. The conglomerate plans to strengthen its presence in infrastructure, explore green hydrogen, and increase global reach, particularly in the EU and US. With a focus on employee well-being and gender diversity, RPG Enterprises is committed to compassionate growth.
Citi India Strategy: Nifty valuation reasonable post 10% correction; upgrades cement to overweight
Citi's latest India strategy report suggests that the recent market correction presents opportunities for long-term investors. While earnings show sectoral variations, Citi anticipates growth driven by public spending and rural demand. Despite strong domestic investments, continued FII selling remains a concern. Citi upgrades cement to Overweight and sets a cautiously optimistic Nifty target of 25,000 by September 2025.
Acharya Dhirendra Krishna Shastri suggested singing Vande Mataram in temples and mosques to identify true patriots. He believes this practice would unify the nation and reveal people's true loyalties. Shastri also aims to unite Hindus and eliminate caste discrimination through his Sanatan Ekta Padyatra, a journey spanning 160 kilometers and 11 days.
PSP Projects shares dip 9% as Adani Infra to buy 30% stake in company
Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects' growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.
Bharti Airtel shares in focus as co awards multi-billion extension deal to Nokia
Bharti Airtel has signed a major deal with Nokia. Nokia will deploy 4G and 5G equipment in major Indian cities. This will enhance Airtel's network capacity and coverage. The deal also includes modernizing Airtel's existing 4G network. Airtel will use Nokia's network management system for intelligent monitoring. This partnership aims to provide customers with an unparalleled user experience.
India, Trinidad and Tobago strengthen ties with MoU exchange during India-CARICOM summit
During the 2nd India-CARICOM Summit, Indian Prime Minister Narendra Modi and Trinidad and Tobago Prime Minister Keith Rowley strengthened bilateral ties by signing an MoU on agro and food processing. They discussed expanding cooperation in digital transformation, health, defense, and other sectors. PM Modi praised Trinidad and Tobago's adoption of India's UPI payment system.
Buy Suzlon Energy, target price Rs 68: Geojit Financial Services
Suzlon Share Price: Geojit Financial Services has issued a buy call for Suzlon Energy, setting a target price of Rs 68. They project a 67% CAGR in WTG deliveries for FY24-27E, driven by anticipated growth in Indian wind installations. Geojit cites attractive valuations, recent order wins, and the acquisition of Renom Energy as key drivers for their positive outlook.
Gautam Adani, Chairman of the Adani Group, has been charged with bribery and fraud by a US court. The charges relate to a scheme to obtain funds from US investors based on false statements. Congress leader Jairam Ramesh said the indictment supports the demand for a Joint Parliamentary Committee investigation. The US Attorney's office is handling the case.
PM Modi honoured with top awards by Guyana and Dominica for global contributions
Prime Minister Narendra Modi was honored with Guyana's highest award, 'The Order of Excellence,' and Dominica's 'Dominica Award of Honour' during his three-nation visit. The awards recognize his contributions to global well-being, particularly during the COVID-19 pandemic, and his efforts to strengthen ties with both Caribbean nations.
Mint Explainer: What is the US indictment of Gautam Adani all about?
The indictment raises questions about corporate governance, investor confidence, and the ripple effects on Adani's global ambitions
Buy Glenmark Pharmaceuticals, target price Rs 1,779: Choice Equity Broking
Choice Equity Broking has issued a buy call for Glenmark Pharmaceuticals, setting a target price of Rs 1,779. The brokerage projects robust growth for the pharmaceutical company, fueled by new product launches and expanding margins. They anticipate a 14.8% revenue CAGR and a 44.7% EBITDA CAGR from FY24-27E. Glenmark recently reported a consolidated total income of Rs 3473.
JSW Steel shares fall by 1% on emerging preferred bidder for Codli mineral block XII in Goa
JSW Steel's shares dipped 1% after securing the Codli Mineral Block XII in Goa for 92.60% of the mineral value. The block holds an estimated 48.5 million tonnes of iron ore resources. This follows their Italian arm finalizing a 30 million release agreement with Metinvest Adria S.p.A.
Neutral on Swiggy, target price Rs 475: Motilal Oswal Financial Services
Motilal Oswal Financial Services has given Swiggy a neutral rating with a target price of Rs 475. They believe that Swiggy's food delivery business is stable and will continue to grow. However, they are concerned about the gap between Instamart and Blinkit in the quick commerce space. On mid-mile and last mile variable costs, Instamart is, however, strikingly, better than Blinkit.
The goal of India's industrial policy should be profits, not votes
India's manufacturing subsidies, particularly those benefiting Apple, have significantly boosted exports. The government has handled Apple the right way, giving the company a great deal of freedom. The temptation, though, is to seek not just economic but political dividends from state largesse.
Vedanta Aluminium, India's largest aluminium producer, has partnered with GAIL Gas to secure natural gas supplies for its Jharsuguda smelter. This five-year contract will see GAIL Gas construct a 7.5 km pipeline to deliver around 32,000 SCM of natural gas daily, reducing carbon emissions and boosting production at the world's largest aluminium plant.
CIEL HR Services files DRHP with SEBI, plans to raise Rs 335 crore via fresh issue
CIEL HR Services has filed for an IPO to raise funds through a fresh issue and an offer for sale. The company plans to use the proceeds for acquisitions, investments, and working capital. CIEL HR, promoted by Pandiarajan Karuppasamy, offers a range of HR services and technology platforms to various sectors.
In more trouble for embattled businessman Gautam Adani, the billionaire, along with other defendants,allegedly paid over $250 million in bribes to Indian government officials, US authorities said.
ONGC Share Price Live Updates: ONGC shares fall as market sentiment shifts
Cipla Share Price Live Updates: Cipla's stock price update
UltraTech Cem Share Price Live Updates: UltraTech Cement trading update
Divis Labs Share Price Live Updates: Divis Labs shares 1.33% as Nifty falls
UPL Share Price Live Updates: UPL's previous close at Rs 546.8 indicates steady returns
TCS Share Price Live Updates: TCS stock closes at Rs 4039.55
Eicher Motors Share Price Live Updates: Eicher Motors shows positive monthly performance
ICICI Bank Share Price Live Updates: ICICI Bank's Market Performance
Tata Motors Share Price Live Updates: Tata Motors struggles with stock performance
We welcome industries who create jobs in our state: Karnataka Dy CM DK Shivakumar
Karnataka Deputy Chief Minister DK Shivakumar pledged the government's full support to industries that create jobs in the state. He highlighted Karnataka's resources, including its educational institutions and energy self-sufficiency. Shivakumar praised Industries Minister MB Patil's leadership and acknowledged Sajjan Jindal's contributions to sports through CSR. He also assured the reissuance of BPL cards to eligible families if canceled erroneously.
Adani Group scraps $600 million bond on US bribery charges
Adani Green Energys dollar notes fell by a record 15 cents, and other bonds from the conglomerate dropped significantly
Adani Green Energy withdraws US dollar bond offering plan
Adani Green Energy was planning to tap the bond markets with the aim of raising around $1.5 billion
Nvidia's supply snags hurting deliveries but mask booming demand
NVIDIA-RESULTS-SUPPLY:Nvidia's supply snags hurting deliveries but mask booming demand
Adani stocks in focus after Gautam Adani indicted in US over role in alleged bribery, fraud
Stocks of Adani Group companies are expected to attract attention on Thursday following reports that Gautam Adani, the head of India's Adani Group, along with seven others, faces charges in the United States related to a multibillion-dollar bribery and fraud scheme.
Ford Motor Co. plans to cut 4,000 jobs across Europe by 2027 as the company struggles with weak electric vehicle (EV) sales, increasing competition, and insufficient government incentives.
UPL shares in focus on plans to raise Rs 3,378 crore via rights issue
UPL announced a rights issue to raise Rs 3,378 crore, offering shares at a 34% discount. The move aims to reduce debt, enhance liquidity, and fund strategic growth. This comes as the company reported a second-quarter net loss of Rs 443 crore despite a 22.3% rise in revenue.
Fed governors stake out competing views of inflation risk
Federal Reserve Governors Michelle Bowman and Lisa Cook expressed differing views on future monetary policy. While Bowman urged caution due to persistent inflation, Cook expressed confidence in continued easing of price pressures. Their perspectives highlight the factors influencing the Fed's decision on a potential interest rate cut at its December meeting.
Lamosaic India IPO opens today: Check issue size, GMP, price band and other details
Lamosaic India's SME IPO, aiming to raise Rs 61.2 crore, opened for subscription on November 21st and will close on November 26th. The company, specializing in building materials, plans to list its shares on the NSE SME platform with a share price of Rs 200 apiece. The proceeds will be utilized for debt repayment, working capital, and future growth initiatives.
'Dedicate this to 140 crore Indians', says PM Modi as Dominica awards him its highest honour
Zinka Logistics shares to debut today. Here's what GMP indicates
Zinka Logistics is set to debut on the stock market with a flat premium. The company's IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India's trucking industry with its BlackBuck app, which provides a range of services for truck operators, including payments, telematics, and load management.
Vodafone Idea, Bharti Airtel shares in focus today after SC allows tax credit claims on infra duties
The Supreme Court of India has ruled that telecom companies can claim tax credits for duties paid on equipment like tower components and shelters. This decision overturns a previous Bombay High Court ruling and is expected to provide significant financial relief to companies like Bharti Airtel and Vodafone Idea by allowing them to claim credits previously deemed ineligible.
Nvidia's AI chip demand still booming but slowing sales growth worries investors
Nvidia, the world's most valuable firm, predicted its slowest revenue growth in seven quarters, falling short of investor expectations. Despite exceeding initial sales projections for its new AI chips, supply chain issues and high demand are impacting the company's growth and margins. While Nvidia's third-quarter earnings surpassed estimates, its data center segment experienced slower growth.
Nvidia is Wall Street's most valuable company. How it got there, by the numbers
Nvidia surpassed Wall Street predictions, reporting doubled revenue due to high demand for its semiconductors used in AI. The company anticipates further growth. Nvidia's market value reached $3.579 trillion, regaining the top position in the S&P 500. Its data center business revenue surged by 112%. Analysts project Nvidia's revenue to reach $126.5 billion by fiscal year 2025.
Wall Street ends mixed, Nvidia shares slip after the bell
The Nasdaq dipped on Wednesday, halting its previous rally, as investors reacted to heightened Russia-Ukraine tensions and disappointing Target earnings. Meanwhile, the Dow and S&P 500 saw modest gains. Market sentiment was also influenced by anticipation surrounding Nvidia's earnings, which were released after the closing bell.
Maruti stock found support at lower band of Broadening Rising Wedge; time to buy?
Anmol Bishnoi, brother of gangster Lawrence Bishnoi, arrested in US
Anmol Bishnoi, the brother of notorious gangster Lawrence Bishnoi, has been arrested in Iowa and is currently held at the Pottawattamie County Jail. The arrest is linked to ongoing investigations into Bishnoi's alleged involvement in various criminal activities, including a shooting incident at Bollywood actor Salman Khan's residence.
Gautam Adani charged in US over alleged $250-million bribery scheme
Prosecutors in Brooklyn, New York, alleged that Adani and other defendants lied about the plan as they sought to raise money from US investors
GIFT Nifty down 75 points; here's the trading setup for today's session
The 23,780-23,800 range will serve as critical resistance for the index. On the downside, the 50-weekly simple moving average (WSMA) is placed near 23,300, which will provide short-term support for the index. Overall, the short-term trend is down till index remains below 23,800, said Hrishikesh Yedve of Asit C Mehta Investment Interrmediates.
Stocks in news: Airtel, Vedanta, Godfrey Phillips, UPL, Adani Enterprises
Fitch Ratings has maintained its 'B-' rating for Vedanta Resources Ltd (VRL), the parent of Vedanta, while assigning a positive outlook that signals potential upward momentum.
Asian stocks dip as Nvidia results fail to impress
Shares in Japan and South Korea fell alongside Hong Kong equity futures. Contracts for US benchmarks declined Thursday in Asian trading after falling on Nvidia earnings. The chip giant met third-quarter revenue and earnings expectations, but failed to meet the highest estimates for future revenue. Shares in Australia were slightly higher.
Adani to buy PSP projects stake to boost construction arm
Adani Infra is set to acquire a 30.07% stake in PSP Projects for 6.85 billion rupees, marking its second acquisition in a month. The deal aims to strengthen Adani's construction capabilities amid plans for a $100 billion investment in infrastructure
Nvidia Says New Chip Remains on Track After Forecast Disappoints
Nvidia Corp. assured investors that its new product lineup can maintain the companys AI-fueled growth run, though the rush to get the chips out the door is proving more costly than expected.
Gautam Adani indicted in US over role in alleged bribery, fraud
Gautam Adani, chairman of Adani Group, and seven others, including his nephew, face charges in New York for an alleged multibillion-dollar bribery scheme. Prosecutors allege they bribed Indian officials to secure solar energy contracts, potentially yielding $2 billion in profit. The Adanis allegedly hid the corruption to secure loans and bonds. Arrest warrants have been issued.
'Don't worry about Hamas, they will no longer': Netanyahu's $5mn offer to Gazans to free hostages
Affluent investors too feel the pinch as markets turn wobbly from lofty highs
According to data from primeinfobase.com, the value of the portfolios of Radhakishan Damani, Rakesh Jhunjhunwala's family, Ashish Dhawan and Nemish Shah, among others, fell amid the 10% decline in the Nifty since Sept 27.
Fewer stocks suffer deep cuts in the current selloff
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.
Companies News Today Live Updates on November 21, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.
Steelmakers warn of Q3 revenue drop, pin hopes on Q4 rebound
Facing pressure from falling prices and surging imports, Indias top steelmakers expect revenues to drop further in Q3, hoping cost relief and demand recovery will drive a Q4 rebound
Piramal unfazed even as Trump return may fuel uncertainty in its biggest market
Trumps second inning is likely to spell uncertainty for pharma companies, says Nandini Piramal, referring to his plan to impose import tariffs to make American industry stronger.
State-run EESL plans to sell its 49% stake in IntelliSmart
IntelliSmart was formed in 2019 with an aim to finance and operate the smart meter rollout of power distribution companies
VIP Industries revives sale talks
VIP has grown both organically and inorganically, over the years..VIP acquired the London-based Carlton in 2004 and merged with Aristocrat Luggage Ltd in 2007.
German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent
Germany has provided India with a massive amount of data on properties in the UAE owned by Indians, potentially leading to tax evasion investigations. The information, exceeding the scale of the 2011 HSBC Swiss accounts data leak, has prompted notices from Indian tax authorities to over 1,000 individuals.
