Farmers who have harvested the fragrant rice are happy despite drop in prices

The proposed changes to SEBI's definition of UPSI are aimed at increasing regulatory clarity and consistency

According to energy intelligence firm Vortexa, India’s crude oil imports from Russia were largely flat on a monthly and annual basis at 1.45 million barrels per day (mb/d) in October 2024, according to energy intelligence firm Vortexa

Large family offices and ultra-high-net-worth individuals, who typically establish their own AIFs and invest via the QIB route but are otherwise ineligible for QIB status individually, will be affected by SEBI guidelines, say experts

Sensex, Nifty updates on November 11, 2024: Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment. After gyrating between highs and lows, benchmark Sensex eked out gains of 9.83 points or 0.01 per cent to settle at 79,496.15. The barometer gyrated 1,100.8 points between the day’s high of 80,102.14 and a low of 79,001.34. The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30. From the 30-share Sensex pack, Asian Paints tumbled over 8 per cent after the company on Saturday reported a 43.71 per cent decline in consolidated net profit to Rs 693.66 crore for the September quarter, impacted by soft-demand conditions, material price inflation and a decline in decorative and coatings business in the domestic market. Tata Steel, Bajaj Finance, Mahindra & Mahindra, JSW Steel, NTPC, Adani Ports, Bajaj Finserv and Larsen & Toubro were also among the laggards. However, Power Grid, HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services and ICICI Bank were among the gainers.

China’s announcement of a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems fell short of market expectations

The terminal, set to be the company’s largest mini-LNG facility to date, will provide shore power to cruise ships at the Nassau Cruise Port

The product line includes desk organizers, reusable whiteboard stickers, dual-tip markers with triangular grips, and acrylic paint markers available in 12 and 24 color sets

The approved medication, therapeutically equivalent to Bausch Health’s Cardizem CD Extended-Release Capsules, is used to treat hypertension and manage chronic stable angina

The market recovery came despite a weak opening influenced by China’s stimulus concerns and continued foreign investor selling

Nupur Recyclers is currently focused on non-ferrous metal scrap processing. It will establish a state-of-the-art plant dedicated to handling both metal scraps and lithium-ion battery recycling

The achievement comes as Mastek expands its AI capabilities, recently launching iConnix, a GenAI portfolio featuring over 120 AI assets and 4 AI platforms

Prices projected to top ₹3,500 a kg during January-March 2025

AUM hit by mark-to-market loss, inflows touch ₹Rs 41,887 cr

VC-backed companies are now looking at the euphoria in the market to list and return capital to their investors

Sensex, Nifty, Share Prices: The benchmark indices Sensex and Nifty, which traded on a weak note on Tuesday, settled 1 per cent lower for the day. Sensex closed at 78,675.18, lower by 820.97 points or 1.03 per cent, and Nifty 50 ended at 23,883.45, down by 257.85 points or 1.07 per cent. Barring the Nifty IT and Realty indices, all the sectoral indices are in red and led by bank stocks. As the Q2 earnings season concludes, analysts anticipate fund flows influencing market direction amid ongoing volatility. Gaurav Garg of Lemonn Markets Desk suggests that traders adopt hedged strategies focusing on selective stocks. Large-cap stocks are expected to perform relatively better as valuation pressures mount on the broader market. DSP Mutual Fund highlighted that mid-cap and small-cap indices have reached peak valuations, while large-cap stocks show signs of outperformance. Continued foreign portfolio outflows add to market volatility, but Pantomath Group’s ‘Market Kaleidoscope’ report points to India’s infrastructure push and rising private investment as economic stabilisers. Globally, Asian markets opened mixed, with gains in China and Japan offset by weaker Taiwanese and Korean indices.

A report from DSP Mutual Fund indicates a shift favouring large-cap stocks over small and mid-caps, as the latter reach high valuation levels

Implemented in 2004, STT is designed to combat tax evasion on capital gains and has undergone various adjustments to its rates and structure since its inception.

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent

Analysts offered mixed reviews; Jefferies issued an underperform rating with a target price reduction from ₹690 to ₹680, while Motilal Oswal maintained a neutral stance with a target of ₹880.

Sensex sheds 820 points, Nifty down 257 points

Sensex, Nifty, Share Prices LIVE: Gift Nifty indicates a likely 100-point gap-down opening for Nifty at 23,870 on Wednesday as global markets remain weak. Analysts cite concerns over an earnings slowdown and persistently high inflation; Jefferies India downgraded full-year earnings for 63% of the 121 large companies it covers due to economic slowing. India’s retail inflation surged to a 14-month high of 6.21% in October, with steep rises in food and metal prices potentially influencing the RBI’s December policy stance. A continued hold on rates seems likely, but analysts at AngelOne note a shallower rate-cut cycle ahead for India, mirroring the US trend. Options data signals resistance around 24,500 due to heavy call writing and support near 23,500, with a bearish put-call ratio drop to 0.52. India VIX rose to 14.60 (+2.40%), suggesting caution; however, lower volatility generally supports bullish sentiment, according to SAMCO’s Dhupesh Dhameja.

With large IPOs like LIC and Hyundai India faltering, Swiggy’s listing today is expected to be muted, as analysts remain cautious amid subdued retail demand and challenging market conditions

The accused youth was arrested today based on a complaint filed by the victim’s family; he was allegedly in a relationship with the deceased victim

Kolkata tram faces uncertain future as court delays decision on resuming services, sparking fears of permanent closure

After the meeting with CM Mamata Banerjee, the Chief Secretary Manoj Pant called for a meeting of principals and MSVPs of all the State-run hospitals

An analysis of buyer trends of this year’s Amazon Great Indian Festival sale so far has revealed an affinity of Bengal-based buyers towards renewable and artificial intelligence appliances like solar panels, single-equipment home gyms, robotic vacuum cleaners

With protesting junior doctors falling sick out of starvation, more and more doctors are joining the fasting protest at Kolkata’s Esplanade, braving heat, humidity, and deteriorating health

Stating that they are in talks with their colleagues in other States, the medics said there may also be a country-wide strike by doctors on Tuesday (October 22, 2024) over the issue

West Bengal Chief Minister refuses to accept demand made by protesting doctors seeking removal of State’s Health Secretary

R.G. Kar victim’s parents said that they had gone to Tala Police Station to tell the police that they did not want their daughter’s body to be cremated that night

The Chief Minister of West Bengal said the Central Government appears to be "under pressure" to cut taxes to benefit common people

The protesting doctors refused to end their hunger strike until all their demands were met but agreed to join the talks on Monday, after speaking with Chief Minister Mamata Banerjee over phone

"We are looking for a positive outcome from the meeting," said Debasish Halder, one of the agitating junior doctors, as they departed for Nabanna, the state secretariat; 17 junior doctors have gone to meet the CM

The two week long hunger strike came to an end after repeated requests from the government. Both parties have agreed to form a task force by March 2025

‘It disrupts the accessibility of indispensable treatments, potentially hindering public health outcomes and increasing the burden on the healthcare systems,’ the West Bengal CM said in a letter to the PM

Gusty winds and heavy rain lashes several parts of Odisha; East Coast Railway suspended and diverted train services

Process likely to continue till early morning on Friday; with widespread rain and wind, Odisha government shifts 5.84 lakh people to cyclone shelters, storm may recurve once its enters land; in West Bengal, flights and trains have been suspended and schools closed, and 24x7 helplines set up

The landfall process of the severe cyclonic storm Dana was complete on Friday morning and the system took at least eight and half hours to enter the landmass, IMD said

"The man died at his residence while conducting some cable-related work. The post-mortem examination will give us a clear picture," CM Mamata Banerjee said

Odisha Chief Minister expresses gratitude for zero casualties during Cyclone Dana and the Indian Navy mobilises relief efforts

The journalist claimed that he had made improper advances and touched her when she went to interview him at his residence

Both Leader of Opposition and State BJP president said that protesting doctors should not have trusted Chief Minister Mamata Banerjee

Fire in shanty caused by battery explosion spreads to gas cylinder and injures youth, damaging multiple shanties

Several people suffered severe burn injuries; workers were trapped inside the factory as firefighters struggled to reach them; with smoke engulfing the whole area, panic sparked among local residents

We understand that being the Union Home Minister, he has enormous responsibilities. He must be too hard-pressed to squeeze some time out for us during the day-long visit,” says the mother of the deceased doctor

Under-construction international cricket stadium in Tripura could become KKR’s second home ground for 2025 IPL season

Woman’s body sent for post-mortem; her partner is being interrogated by the police

The Trinamool Congress chairperson had in March this year said that she was disowning and snapping ties with her younger brother Swapan Banerjee after he expressed desire to contest from Howrah in the 2024 Lok Sabha election despite the party fielding Prasun Banerjee from the constituency

While the Trinamool is grappling with the question of a retirement age in politics, a section of leaders are saying that the election of Donald Trump in the United States at 78 years has proved that age is just a number