RERA: The Maharashtra Appellate Tribunal (MahaREAT) has ruled that a promoter cannot arbitrarily forfeit advance money paid for a flat. The promoter must show a just and reasonable cause or show that due to the booking cancellation the promoter faced loss. MahaREAT said that the promoter violated both section 13 and 18 of RERA Act.
Swiggy needs to prove its common fleet and consumer base will improve unit economics. The company is behind Zomato in profitability. Competition is increasing in the food delivery market. Quick commerce is expected to do well in the coming years. It is unclear how well quick commerce will perform in smaller cities.
Pakistani actress Mishi Khan criticised TikTok star Minahil Malik. Khan said Malik leaked an explicit video for fame. Khan compared Malik's actions to a Bollywood movie character. Malik denied the video and asked her followers for support. The video sparked online criticism and discussions about online behavior.
A complete Trump victory is viewed as positive for global equity markets, especially for India, with expectations of a favourable corporate tax environment and reduced regulatory burdens.
The stock traded at a P/E multiple of 15.87, while the price-to-book value ratio stood at 1.70.
US Election 2024: Elon Musk may benefit if Donald Trump is re-elected as US President. Trump may appoint Musk to lead a commission for efficient government operations. Trump's tax policies and regulatory approach could favor Musk's companies, including SpaceX and Tesla. Musk's political action committee and legal disputes may also be impacted by a potential second Trump term.
The current grey market premium (GMP) for ACME Solar Holdings is Rs 10-12, reflecting a 3% premium in the unlisted market. The IPO includes fresh equity shares valued at Rs 2,395 crore and an offer for sale (OFS) by selling shareholders worth Rs 505 crore, bringing the total IPO size to Rs 2,900 crore.
Police raided a hotel in Palakkad, Kerala, late at night. They were looking for black money. Congresswomen were staying at the hotel. Congress said the raid was planned by CPI(M) and BJP. CPI(M) and BJP said Congress was using black money for the election. Police said it was a routine search and nothing was found.
US elections: Democrat Sarah McBride has become the first transgender person elected to the U.S. House of Representatives, Edison Research projected on Tuesday. Sarah McBride grew up in Wilmington, Delaware, and came out in 2011 after years of knowing she was trans. She became involved in politics in part to create a more inclusive environment.
BLS International, a leading provider of tech-enabled services, has been simplifying visa and passport application processes for governments and individuals since 2005. They offer a wide range of services, including visa processing, citizen services, consular services, biometrics, and value-added services, ensuring a hassle-free travel experience for millions worldwide.
A total of 119,332 shares changed hands on the counter till 12:21PM (IST).
The Motilal Oswal Midcap Fund has led the returns chart, gaining 44.34% in 2024 so far. Bandhan Small Cap Fund followed closely with a 42.69% return in the same period, while the Motilal Oswal ELSS Tax Saver Fund, a tax-saving option, delivered a 39.46% return.
A total of 4,789 shares changed hands on the counter till time (IST).
Elon Musk's platform, X, is fueling the US Presidential race with memes as early results emerge. The Tesla CEO, a vocal Trump supporter, has used the platform to engage in the election's tension and drama. With a tight race between Trump and Harris, Musk's posts reflect his support for Trump's attempted political comeback.
Jatin Desai, managing partner at Inflexor Ventures said that a small part of this fund will be used to acquire the entire investment portfolio of the manager's first fund which includes companies like Atomberg, Playshifu, Entropik, Bellatrix and Cloudsek.
Axis Mutual Fund has launched a new open-ended target maturity index fund, aiming to provide returns corresponding to the CRISIL-IBX AAA Financial Services Index – Sep 2027. The NFO will be open from November 8 to 21, with a minimum investment of Rs 5,000.
Promoters held 39.98 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 26.73 per cent and 9.39 per cent, respectively.
IL&FS Group, grappling with debt, has successfully repaid Rs 38,082 crore to its creditors by September 30, 2024. The resolution process, involving asset monetization and debt restructuring, aims to resolve a total of Rs 61,000 crore, representing a significant portion of the group's outstanding debt.
The Jammu and Kashmir Assembly witnessed uproarious scenes as a resolution urging the Centre to reinstate the region's special status was passed. While the resolution, introduced by Deputy Chief Minister Surinder Choudhary, faced strong opposition from BJP members, it was ultimately passed by a voice vote, leading to protests and the adjournment of the Assembly.
Lina Khan, the youngest ever chair of the Federal Trade Commission, faces an uncertain future as the 2024 election approaches. Her aggressive antitrust enforcement, targeting tech giants like Amazon and Meta, has drawn criticism from both Democrats and Republicans, with some calling for her removal.
Vice President Kamala Harris and former President Donald Trump are vying for the White House. They have different leadership styles and financial situations. Harris has an estimated net worth of $8 million. Her wealth comes from her earnings as a politician, author, and investments. Trump's wealth is substantial but remains a subject of debate.
I think geopolitics, the landscape could change rapidly. There could be escalations in certain countries, by certain countries. So, I do expect some volatility until we have total clarity.
A total of 1,028,789 shares changed hands on the counter till 12:00PM (IST)
