US election 2024 results out and now all eyes are on the some form of contact between Donald Trump and Vladimir Putin.
Farmers in Karnataka's northern districts submitted over 500 petitions to Jagdambika Pal, Chairman of the Joint Committee of Parliament on the Waqf (Amendment) Bill, alleging their lands were wrongly classified as Waqf properties. Pal, joined by BJP MP Tejasvi Surya, assured the farmers their concerns would be addressed. Deputy Chief Minister D.K. Shivakumar criticized the visit as politically motivated.
Eureka Forbes reported an 83.2% YoY rise in Q2 net profit to Rs 46.67 crore, with revenues up 27.6% to Rs 672.87 crore. Growth was driven by product innovation, increased marketing, and early festive season demand.
Rahul Gandhi, Leader of the Opposition in the Lok Sabha, clarified his stance on businesses, stating that he is not against businesses but against monopolies and oligopolies. He alleged that a senior minister pressured businesses to praise Prime Minister Modi and government programs on social media. Gandhi's statement came after he penned an article criticizing monopolies in India.
Real estate developers in Noida and Greater Noida are protesting a new rule requiring homebuyers to pay a 6% stamp duty after paying just 10% of the property price. Developers argue this places an unfair financial burden on buyers and creates uncertainty around cancellations. They warn the policy could harm the real estate sector's recovery and discourage homeownership.
Tim Walz was visibly emotional during Kamala Harris' concession speech following her defeat to Donald Trump in the 2024 US presidential election.
NHPC Ltd reported a 41% YoY decline in net profit to Rs 909 crore for Q2 FY24, compared to Rs 1546 crore last year. Revenue rose 4% to Rs 3052 crore, while EBITDA grew 2%, with improved margins of 58.9%.
Tata-backed IHCL reported a 226% YoY profit surge to Rs 583 crore for Q2, with revenues up 27.4% to Rs 1826 crore. The company will manage The Claridges, New Delhi from April 2025. H1 revenues grew 16.4%, profit up 103%.
Eximius Ventures, First Cheque, Misfits Capital, and others participated in the round. The funds will be used for expanding the firm’s operations and offerings, acquiring customers, advancing technology, and partnering with key suppliers.
Jet Airways, once a leading Indian airline, is no more. The Supreme Court ordered its liquidation after years of financial struggles and failed revival attempts. The airline ceased operations in 2019 due to mounting debt. The court's decision marks the end of an era for the airline and its employees.
Central intelligence agencies have issued an alert to northeastern states regarding activities of Jamaat-ul-Mujahideen Bangladesh (JMB). Increased vigilance is in effect due to concerns about the group's potential expansion plans. Assam and Tripura are coordinating efforts to apprehend illegal immigrants, with over 138 individuals already apprehended and returned to Bangladesh in recent months.
Jammu and Kashmir Chief Minister Omar Abdullah stated that the Union Territory government aims to convey its disapproval of the 2019 abrogation of Article 370 and 35(A). Abdullah emphasized that the decision was made without consulting local leaders and asserted the need for their voices to be heard through the Assembly's resolution.
New unemployment claims saw a slight increase last week, reaching a seasonally adjusted 221,000, indicating minimal change in the labor market. This follows October's near-stagnant job growth, largely attributed to hurricanes and strikes. With these disruptions subsiding, job growth is anticipated to pick up in November, potentially influencing the Federal Reserve's interest rate decisions.
Indian cricketer Virat Kohli has partnered with management company Sporting Beyond for his business ventures. Kohli expressed excitement about the collaboration, highlighting their shared values and his aim to explore new opportunities. This follows reports of Kohli's potential move towards establishing his own brand after parting ways with Cornerstone last year.
A 52-week high marks the peak price a stock has achieved over the past year, providing valuable insights for traders and investors.
Northern Arc secures USD 65 million for its first climate fund. The fund receives support from DFC and OeEB. It will provide debt financing to companies in sectors like solar energy, energy efficiency, and sustainable agriculture. The fund will operate from GIFT City. It aligns with India's climate goals and aims to reduce emissions.
Prime Minister Narendra Modi and Environment Minister Bhupender Yadav are unlikely to attend the UN climate conference (COP29) in Azerbaijan. India will not have a pavilion at the conference and aims to secure a new climate finance goal and operationalize Article 6 of the Paris Agreement.
Lupin exceeded profit expectations in the second quarter, reporting a 74% surge in profits, reaching ₹8.53 billion. This growth was fueled by robust demand for their respiratory and diabetes medications. Overall revenue also saw an 11.3% increase, reaching ₹54.97 billion.
The victory of Trump will soon show results in the field of tech whether its social media companies to crypto investors. Here are some predictions about the future of tech.
India took a step towards self-reliance in critical minerals. The Mines Ministry announced winners for eight mineral blocks. Hindustan Zinc Limited, Vedanta, and Oil India were among the winners. These blocks, rich in phosphorite, graphite, and vanadium, are crucial for high-tech and green energy sectors.
Selling pressure was observed across telecom, auto, power, real estate, utilities, and metals sectors.
The Indian government transported 840 tonnes of onions to Guwahati. This initiative aimed to increase onion supply in northeastern states. The onions were distributed in Assam, Meghalaya, and Tripura. This effort is part of a larger government program to stabilize onion prices. The government previously dispatched onions to Delhi and Chennai. These actions helped increase onion availability and decrease prices.
Kash Patel, a staunch ally of former President Donald Trump, is under consideration for the position of CIA director. Patel's potential appointment is backed by several Trump supporters and could be facilitated by the Republican majority in the Senate.
The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. This and more in today’s ETtech Top 5.
