CATEGORIES

Mkts log worst 1-day fall in 3 weeks amid FPI exit

Benchmark indices logged their biggest single-day fall in three weeks as sustained selling from overseas investors and earnings disappointment weighed on investment sentiment.

SEBI DIRECTS REGULATED ENTITIES TO END TIES WITH UNREGISTERED ADVISORS

The Securities and Exchange Board of India (Sebi) on Tuesday restricted the association of registered entities and their agents with people who provide financial advice without registration or make claims of return or performance in the securities market.

Capacity expansion may drive gains for CG Power

The results of CG Power and Industrial Systems (CG Power) disappointed in terms of margins while witnessing strong order inflows. The company is focusing more on transformers rather than motors.

F&O cannot be national pastime

Sebi whole-time member Bhatia's comments come amid regulator's action to curb frenzy in derivatives segment

SMEs' operating cash flow fell 69% in FY24; sales outperformed

The first of a three-part series looks at the fundamentals of the small and medium enterprise segment amid heightened scrutiny of price action

Hyundai debut takes a slow turn

Carmarker's shares skid 7% as listing day flop show follows tepid response to India's largest-ever IPO

Dharma-Adar deal gives quest for scale a chance

Kuch Kuch Hota Hai, Kabhi Khushi Kabhie Gham, and Rocky aur Rani Ki Prem Kahani are among filmmaker Karan Johar's biggest hits. They are sweet, funny, and romantic. None, however, had an unexpected twist in the tale like the announcement that came on Monday. Johar will sell half his stake in Dharma Productions, the company he owns and runs as executive chairperson, to Serum Institute of India's Chief Executive Officer Adar Poonawalla for ₹1,000 crore.

GENERATION GAP

5G has not yet fully lived up to its promise. Will 6G find enough use cases to go where 5G hasn't?

Guerrillas in the stock market

This well-written, well-researched book chronicles the entry of droves of new, tech-savvy, retail traders into financial markets over the past few years, and how that has changed the trading landscape. Though it is US-centric, readers will note resonances with India and other large markets.

Soft landing

The global economy faces several risks

A bumpy ride

Hyundai listing could be an indicator

Not just by spending cuts

The Centre must look at non-tax measures to boost its fiscal performance

When will India celebrate failure?

The executive and legislature work in unison to enact laws to address pressing socio-economic issues. Historically, laws would include a clause stating that they would come into effect on a date appointed by the executive. However, recent enactments include a proviso to that clause, allowing different provisions of the same law to come into force on different dates.

4 policymakers favour more rate cuts ahead of Fed meet in Nov

Four Federal Reserve policymakers expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go.

Blinken makes last ceasefire push before US polls

US Secretary of State Antony Blinken arrived in Israel on Tuesday on his 11th visit to the region since the outbreak of the Israel-Hamas war. Washington hopes to revive cease-fire efforts after the killing of top Hamas leader Yahya Sinwar, but so far all the warring parties appear to be digging in.

Putin hosts world leaders at Brics summit, indicating he's far from isolated

President Vladimir Putin is playing host to Russia's biggest gathering of world leaders since the invasion of Ukraine and using the Brics summit to show the US and its allies that he's no pariah.

Meta restarts facial recognition to curb scams

Firm shut down the verification system on Facebook in 2021 amid 'growing societal concerns'

Under new CEO, HSBC unveils biggest restructuring in 10 yrs

Bank also names first woman chief financial officer in its 159-year history

Jindal cement arm to invest ₹2K cr to scale up output

The Naveen Jindal group's Jindal Panther Cement on Tuesday said it will invest ₹2,160 crore to scale up production capacity to 7 million tonne per annum (mtpa).

UltraTech, Ambuja in hunt for more cement assets

The Aditya Birla group's UltraTech and billionaire Gautam Adani-owned Ambuja Cements are scouting for more cement sector assets after a string of acquisitions by both cash-rich companies, bankers said. UltraTech, owned by billionaire Kumar Mangalam Birla, bowed out of the race for Orient Cement, a CK Birla-owned company, as it found the asking price too expensive after due diligence, they said.

RInfra to invest ₹10K cr in Maha defence project

Anil Ambani-promoted Reliance Infrastructure (RInfra) plans to invest ₹10,000 crore over the next 10 years to set up what the company termed India's largest greenfield defence initiative undertaken by any private sector firm to manufacture explosives, ammunition, and small arms in Ratnagiri, Maharashtra.

RIL, Disney to sell 7 channels to win CCI nod for merger

The Competition Commission of India (CCI) on Tuesday published the 48-page detailed order approving the mega media assets merger of Reliance Industries and Walt Disney, entailing various conditions, including divestment of seven TV channels.

A-I aims to double direct sales earnings in 2-3 yrs

Tata Group-run Air India aims to double its ticket sales through direct channels, including its website and app, within the next 2-3 years by enhancing their value proposition to passengers, Satya Ramaswamy, chief digital and technology officer, Air India, said on Tuesday.

50 flights, 5 schools get bomb threats

80 flights received threats since Monday

Cement Inc valuation hits new peaks despite weak earnings

There has been a sharp slowdown in revenue and profit growth in the cement sector in recent quarters but it is yet to show in the share prices of cement companies.

Hyundai confirms plan to launch hybrid vehicles

Hyundai Motor India Limited (HMIL) on Tuesday confirmed it was indeed planning to roll out hybrid vehicles in the Indian market. But the company didn't reveal the exact timeline.

China confirms agreement to end standoff in eastern Ladakh

China on Tuesday confirmed it had reached an agreement with India to end the standoff between the two armies in eastern Ladakh.

No tariff hike on cards, want to retain existing customers: BSNL CMD

State-run telecom company Bharat Sanchar Nigam Limited (BSNL) will not raise tariffs in the near future as its prime interest is to retain customers and win their confidence, said its Chairman and Managing Director (CMD) Robert J Ravi on Tuesday.

Modi pitches for peaceful solution to Ukraine war

The Russia-Ukraine conflict should be resolved in a peaceful manner and India is ready to provide all possible cooperation towards it, Prime Minister (PM) Narendra Modi said on Tuesday during his talks with Russian President Vladimir Putin.

Union Bank to take call on raising ₹10K cr next quarter

The decision to raise fresh capital of up to ₹10,000 crore by Union Bank of India to support its business growth will be taken in the next quarter.