Two undersea data cables in the Baltic Sea, including one connecting Finland to Germany, have been damaged in what German officials suspect is sabotage. While concrete evidence is lacking, the incident is being viewed as a potential act of hybrid warfare, raising concerns about the security of critical infrastructure amidst heightened tensions with Russia.
The fund house had an AUM of Rs 7.84 lakh crore in October 2024, managing 132 mutual fund schemes.
BHIVE Workspace is expanding its presence in Bengaluru by partnering with Century Real Estate to acquire a 39,753 square feet property on Old Airport Road. The new center will offer over 1,000 seats, catering to startups, SMEs, and large enterprises.
Elon Musk, Donald Trump supporter, is rising rapidly in the US-President elect's inner circle and this is not going down well with some of old guards of former President. Recently, Elon Musk and top Trump advisor Boris Epshteyn clashed at a dinner table in Mar-a-Lago. Tensions between the two have been brewing between the two during the transition meetings.
The 30-share BSE Sensex closed up 239.37 points at 77578.38
According to data from options analytics service ORATS, Nvidia options predicted an 8.5% swing in either direction for the shares which will be announced once the markets are closed. This is in keeping with the trend observed in percentage moves over the last 12 quarters.
The upcoming IPL auction is set to be dominated by all-rounders, with franchises eager to bolster their lineups. Players like Livingstone, Maxwell, and Stoinis are expected to draw high bids, while emerging stars like Ravindra and Jansen add intrigue to the mix. Proven performers such as Patel, Ashwin, and Hasaranga offer experience and match-winning potential.
Biocon Biologics plans to reduce its acquisition debt by $300 million over the next year. The company recently refinanced $1.1 billion in debt, providing more financial flexibility. Biocon aims to capitalize on the growing insulin market, with plans to double its insulin production capacity in Malaysia.
Maharashtra is gearing up for its state assembly elections on Wednesday, November 20th. While public transportation and healthcare services will continue to operate, government offices, educational institutions, and banks will be closed. Liquor sales will also be prohibited for three days surrounding the election.
India's healthcare sector is witnessing a surge in demand for women professionals. Government spending and private sector expansion are driving this growth. Apna.co, a job platform, reports 60% of healthcare jobs target women. Demand is high for roles like nurses, pharmacists, and technicians. This trend is observed in both major cities and smaller towns.
The Nifty Realty index closed 1.48 per cent at 966.30.
India achieved gender parity in education. The country is now working towards increasing women's workforce participation, especially in non-traditional sectors. India is also addressing gender pay gaps and the digital divide. The government is implementing policies to ensure women's safety and financial inclusion. India increased its gender budget to further these goals.
The National People's Party (NPP) withdrew support from the BJP-led Manipur government, citing a lack of confidence in Chief Minister N Biren Singh. The NPP, however, clarified that it remains part of the NDA and may reconsider support if there's a leadership change. The move comes amid ongoing ethnic violence and calls for Biren Singh's replacement from within the BJP.
Indian Hotels Company Ltd (IHCL) plans to double its revenue to Rs 15,000 crore over the next five years. The company will expand its portfolio to over 700 hotels. IHCL aims to achieve this growth through a combination of traditional businesses and new ventures. The company's strategy focuses on capital-light growth, with a significant portion coming from management fees.
Union Minister Giriraj Singh accused the JMM-Congress coalition of aiming to turn Ranchi into Karachi and other Jharkhand districts into Bangladesh. He urged voters to prioritize the safety of women and prevent the division of the majority community's votes. Singh also criticized Congress leaders for using divisive language and alleged their silence on religious conversions in Bihar.
RMZ and Colt Data Centre Services have partnered to invest USD 1.7 billion in Indian data centres. The joint venture will focus on developing sites in Navi Mumbai, Chennai, and a third location to be determined. The data centres will have a combined capacity of 250MW. This partnership aims to capitalize on the growing demand for digital infrastructure in India.
In the Nifty50 index, 26 stocks closed in the green, while 24 stocks ended in the red.
The CCPA is developing guidelines for the diamond industry to improve transparency and consumer protection. The guidelines aim to standardize terminology and require clear labeling of diamonds, differentiating between natural and lab-grown diamonds. The CCPA held a consultation with industry stakeholders to discuss these guidelines and address concerns about misleading practices.
The Nifty Pharma index closed 1.04 per cent at 21768.85.
Google, the internet giant, has an antitrust violation filed by the Justice Department of the United States that has been spanning for almost 4 years now, starting from October 20, 2020. Here is a timeline of the progress of the case throughout the years.
Marius Borg Høiby, the son of Norwegian princess, has been arrested by police on suspicion of charges. Marius Borg Høiby was born from a relationship prior to Mette-Marit’s 2001 marriage to Crown Prince Haakon. He has no royal title or official duties. Marius Borg Høiby has been arrested earlier too for physically assaulting his girlfriend and violating his restrictive order.
Kamala Harris has been a phenomenal candidate in the US Presidential elections 2024, in terms of her overall presence and her striving efforts towards fundraising, which was certainly more than Trump's. But, that did not stop her from losing the US election race. A latest report states how much Kamala Harris ended up spending for Oprah Winfrey for a town hall event.
