Steel Authority of India Limited (SAIL) and BHP signed an MoU to explore decarbonisation strategies for SAIL's integrated steel plants. They aim to assess alternative reductants like hydrogen and biochar, building local R&D capabilities and addressing greenhouse gas emissions in the steel industry.
Hip-hop mogul Sean 'Diddy' Combs faces serious legal accusations of sex trafficking and racketeering. Attorney Tony Buzbee claims 120 individuals, including 25 minors, have accused Combs of assault. Combs has pleaded not guilty and remains in jail. His attorney and mother have defended him, asserting his innocence while the legal process unfolds.
2023 marked the driest year in over three decades, with record-high temperatures contributing to severe droughts and reduced river flows, according to the U.N. weather agency. Glaciers feeding global rivers also saw the largest mass loss in 50 years, threatening water security for millions.
Foreign institutional investors are rapidly withdrawing from Indian equities, contributing to a significant drop in Sensex due to China's aggressive fiscal measures attracting investments. Indian market concerns include high oil prices, IPO booms, and retail investor appetite, despite China's long-term structural issues.
43 companies have pre-listing shareholder lock-ins expiring by December 31, unlocking shares worth USD 18.8 billion. However, not all shares are expected to hit the market as a significant portion is held by Promoters and Group entities. Lock-in periods are imposed to stabilize stock prices and prevent sudden sell-offs.
Dealmaking in India's cement sector has intensified. Adani Group is reportedly in talks to buy Heidelberg Materials’ local operations for about $1.2 billion. This move follows a series of acquisitions by major players like UltraTech Cement, Dalmia Bharat, and Ambuja Cements as they seek to capitalize on government infrastructure spending.
Haryana Assembly Election 2024: The CVoter exit poll has predicted a Congress victory in the Haryana Assembly elections, suggesting the party will win 50–58 seats out of the 90-member assembly. If realized, this victory would be a significant milestone for Congress, which has been struggling to regain power in several states. The win is expected to provide a much-needed boost for the INDIA bloc ahead of upcoming elections in other states, while also signalling a shift in political dynamics in Haryana, a crucial agricultural state.
India's consumer durables sector is set to grow, creating 500,000 new jobs by 2030. This growth is driven by rising domestic demand, sustainability focus, and indigenisation. The market could reach Rs 3 lakh crore by 2029. Incentives for energy-efficient products and online sales expansion are recommended to boost the sector.
Indian indices reversed early gains and declined on Monday, driven by Middle East tensions and concerns over corporate earnings. Despite the market downturn, six small and midcap stocks from the Nifty 500 index reached new 52-week highs.
India's stock markets experienced significant losses as foreign investors shifted focus to Chinese equities, driven by China's recent stimulus measures. However, analysts remain skeptical about the sustainability of the Chinese stock rally, citing structural economic issues and potential overvaluation concerns.
Cryptocurrencies like Pepe Unchained ($PEPU), Memebet ($MEMEBET), and Crypto All-Stars ($STARS) are emerging with unique utilities and potential high returns. Pepe Unchained aims to address network issues with a Layer-2 solution for memecoins, while Memebet redefines crypto gaming, and Crypto All-Stars offers multichain staking for passive income.
The video game maker said on Monday it "regularly reviews all its strategic options" after Bloomberg News on Friday reported that major shareholder Tencent and the Guillemot family, Ubisoft's founders, were considering a buyout of the French video game company.
Former Bihar Deputy Chief Minister Tejaswi Yadav, his father Lalu Prasad Yadav, and his brother Tej Pratap Yadav have been granted bail in the Land for Job money laundering case. The court required them to submit passports and not leave the country. The next hearing is set for October 25.
Samco Mutual Fund launched a multi-cap fund, investing across large-cap, mid-cap, and small-cap stocks. The NFO is open from October 10 to 24.
The Central Bureau of Investigation (CBI) has submitted a chargesheet in the rape and murder case of a trainee doctor at RG Kar Medical College, reported PTI, citing officials. The names included in the chargesheet have not been disclosed yet. Meanwhile, tensions continue to rise in West Bengal.
The commerce department is addressing exporters' credit issues by exploring options like a credit guarantee fund for export finance. Export credit has decreased despite a rise in exports, causing concern. The directorate general of foreign trade is involving EY for analysis. The Export Credit Guarantee Corporation's limited coverage and the need for factoring services are also being reviewed.
Most Gulf stock markets fall amid rising geopolitical tensions, especially regarding the conflict between Hezbollah and Israel. Dubai and Abu Dhabi indexes decline, and Qatari index eases. Contrarily, Saudi Arabia's index rises notably, driven by gains in Al Taiseer Group and Almajed 4 Oud.
“They (micro-influencers) have become another important vehicle in the marketing mix of brands because this brings in a lot more credibility and trust,” Arun Srinivas, director and head of ads business (India) at Meta, told ET.
The first underground Metro Line 3 in Mumbai opens today, connecting BKC to Aarey. Discover key stations, service timings, and fare details.
The UKPNP condemned the targeted killings of Kashmiris in Pakistan, specifically highlighting the recent murder of Chaudhry Danish. They urged international intervention and emphasized Pakistan's responsibility to uphold human rights, stressing the need for justice and safety for Kashmiris in Pakistan and PoJK.
Indian farmers earn only about one-third of the final selling price for fruits and vegetables. Research suggests enhancing private markets, using e-NAM, and promoting farmer collectives to address this. Building cold storage and improving processing capacities are also advised. For dairy and poultry sectors, creating feed banks and promoting artificial insemination can boost productivity.
The stock quoted a 52-week high price of Rs 682.84 and low of Rs 331.28.
Prasanth Kumar has been re-elected as the President of the Advertising Agencies Association of India (AAAI) for 2024-25. Rana Barua will serve as Vice President. Other key board members include Sam Balsara, Tanya Goyal, and Tapas Gupta. The AAAI aims to drive innovation and excellence in the advertising industry.
Ola Electric's market capitalisation fell below $5 billion for the first time since its August listing, amidst a decline in scooter sales due to service, software, and hardware issues. CEO Bhavish Aggarwal announced plans to double service centres by December. Shares dropped over 42% from their listing high.
