1 week ago
1 / 24
Nifty see-saws but ends little changed: Benchmark stock indices Sensex and Nifty closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment. The NSE Nifty dipped marginally by 6.90 points or 0.03 per cent to 24,141.30.
2 / 24
Rupee hits a new low as foreign investor selling and oil demand weigh: Declining for the fourth straight session, the rupee dropped 1 paisa to hit a new lifetime low of 84.38 against the US dollar on Monday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities
3 / 24
Britannia reports healthy volume growth but margins miss estimates: Varun Berry, Vice Chairman & Managing Director, said, "An 8% volume growth with a sequential increase in revenue and operating profits are satisfactory results in the face of severe commodity inflation leading to a tepid consumer demand scenario in most FMCG categories.
4 / 24
Hindalco’s domestic biz does well, Co says Novelis well placed with Trump win: Aditya Birla Group's metal flagship Hindalco Industries Ltd on Monday reported a 123.3% year-on-year (YoY) jump in net profit at ₹1,891 crore for the second quarter that ended on September 30, 2024, driven by a strong operational performance by its Indian business, favourable macros and prudent cost management. Meanwhile, Novelis faced challenges due to the Sierre flood and tighter scrap spreads; excluding flood impacts, shipments increased by 4%, and EBITDA per tonne stood at $502. Hindalco maintained robust cash flow, keeping its net debt to EBITDA ratio below 1.2x.
5 / 24
Govt may relax expense caps in Q4 if spends don’t pick up: The government may consider relaxing cash management guidelines in the fourth quarter of FY25. This could relax expenditure caps traditionally enforced in the January-March quarter.
6 / 24
Equity MF inflows surge to record of near Rs 41,900 crore in October: In October, equity mutual fund inflows rose sharply by 21.7% to reach ₹41,865.4 crore, up from ₹34,393 crore in September, according to Association of Mutual Funds in India (AMFI) data. This was driven by increased investor confidence across multiple fund categories. (Image: Shutterstock)
7 / 24
Nuva Bupa IPO gets subscribed 1.8x: Niva Bupa Health Insurance Co's IPO was subscribed 1.8 times on Monday, its final day of bidding. The retail investor category was subscribed 2.73 times while the qualified institutional investors category was subscribed 2.06 times. The non-institutional investors or HNI category was subscribed 0.68 times.
8 / 24
Massive fire breaks out at IOC refinery complex in Vadodara, operations normal: Indian Oil Corp on Monday reported a fire in a Benzene Storage Tank, which has a 1000 kilo litres capacity at Gujarat Refinery, with the oil firm yet to ascertain the cause of the incident.
9 / 24
Vistara-Air India to fly as one from today: Vistara, the full-service airline founded as a joint venture between Singapore Airlines (SIA) and the Tata Group, has bid farewell to its identity as an independent brand. As part of a strategic merger with Air India, Vistara operated its last domestic and international flight on November 11 night.
10 / 24
CJI Sanjiv Khanna takes oath, to have short 183-day term: Justice Sanjiv Khanna took oath as the 51st Chief Justice of India (CJI) on Monday. President of India Droupadi Murmu administered the oath of office to Justice Khanna at the Rashtrapati Bhavan. Justice Khanna will have a tenure of 183 days as CJI, which is just little over six months. He would retire on May 13, 2025. (PTI image)
11 / 24
No fight over Maha CM’s post claims Eknath Shinde in an exclusive chat: Maharashtra chief minister Eknath Shinde on Monday dismissed claims of an 'ongoing fight' within the Mahayuti for the chief minister's position. Additionally, Shinde stated that within the Opposition formation-- Maha Vikas Agadi, personal ambitions for the top post supersede their desire to work for the people of the state. In an exclusive interview to CNBC TV18, Shinde expressed confidence that the poll outcome will be in favour of the current ruling dispensation, as the government has prioritised 'welfare politics' over 'individual aspirations'. He further added that the Mahayuti will decide unanimously about its chief ministerial candidate after the declaration of the outcome on November 23.
12 / 24
Dow closes above 44,000 as the Trump 2.0 rally continues: US markets had a mixed start to the week as the Dow Jones continued to surge higher, while the S&P 500 and the Nasdaq managed to close just above the flat line. The Dow Jones added another 300 points to close above the mark of 44,000 for the first time. The S&P 500 was flat but managed a close above 6,000. The Nasdaq Composite too ended little changed as big tech shares underperformed.
13 / 24
Tesla shares surge, extending post-election rally: Tesla continued on its merry ways post Donald Trump's election win last week, adding another 9% to its kitty, taking the total surge since November 5 to 44%. The stock is now well past $1 Trillion in market capitalisation. (Image: Reuters)
14 / 24
Bitcoin tops $89,000 as Trump-infused rally shows no sign of abating: Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
15 / 24
OpenAI, rivals seek new path to smarter AI as current methods hit limitations: Artificial intelligence companies like OpenAI are seeking to overcome unexpected delays and challenges in the pursuit of ever-bigger large language models by developing training techniques that use more human-like ways for algorithms to "think".
16 / 24
FTX sues crypto exchange Binance for $1.8 billion: Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was "fraudulently transferred" by FTX management to Binance and its executives.
17 / 24
Mattel pulls thousands of Wicked dolls off shelves after printing adult web address on packaging: Thousands of Mattel’s “Wicked”-branded fashion dolls are flying off shelves, but not because of consumer demand. The toy company has been forced to pull its line of character dolls after a package misprint. Instead of listing the website for Universal’s “Wicked” movie, boxes featured a link to a pornographic website for a group called Wicked Pictures.
18 / 24
Trump picks ex-Congressman Zeldin to run Environment Protection Agency: Donald Trump on Monday nominated Lee Zeldin, a former congressman and early loyalist of the Republican, to oversee US environmental policy, the latest in a series of swift cabinet choices by the president-elect. If confirmed by the US Senate as administrator of the Environmental Protection Agency (EPA), Trump said Zeldin would be charged with making "swift deregulatory decisions" aimed at rolling back protections enacted by the Joe Biden administration. (Image: Bloomberg)
19 / 24
Trump selects Mike Waltz as NSA, taps Stefanik to be UN Ambassador: President-elect Donald Trump has picked Rep. Mike Waltz, R-Fla., to be his national security adviser, according to four sources familiar with the decision. Waltz is a Green Beret veteran who served in Afghanistan, the Middle East and Africa. Since 2019, he has represented a congressional district in the House, where he's a member of the Armed Services, Foreign Affairs and Intelligence committees. (Image: Bloomberg)
20 / 24
Trump says he will close the federal department of education, leave subject to States: President-elect Donald Trump has repeatedly vowed to shutter the federal Department of Education and relegate all educational responsibility to individual states—a move that could impact crucial funding for K-12 schools and hamper civil rights enforcement—but experts warn it’s unlikely the federal government will be able to be hands off when it comes to education regulation, even if the department is closed, Forbes reported. (Image: Reuters)
21 / 24
Kremlin denies Trump call, terms it “pure fiction”: The Kremlin has denied media reports that US President-elect Donald Trump held a call with Vladimir Putin, in which he is said to have warned the Russian president against escalating the war in Ukraine. The call, which was first reported by the Washington Post on Sunday, is said to have happened on Thursday. (Image: Reuters)
22 / 24
COP29 kicks off with $1 trillion fund at top of agenda, as Trump shadow looms: The annual U.N. climate summit kicks off Monday with countries readying for tough talks on finance and trade, following a year of weather disasters that have emboldened developing countries in their demands for climate cash. The summit's negotiating priorities, however, are competing for governments' resources and attention against economic concerns, wars in Ukraine and Gaza and last week's US re-election of Donald Trump, a climate-change denier, as president of the world's biggest economy. (Image: Reuters)
23 / 24
China’s state-owned tobacco behemoth is booming, defying anti-smoking trends: China's tobacco industry, monopolized by state-owned China Tobacco, realized revenue of about 1.5 trillion yuan ($210 billion) in fiscal year 2023, up 4.3% from the previous year — six times the net revenue of Philip Morris , the second-largest tobacco company. (Image: Shutterstock)
24 / 24
Singapore Airlines shares fall as profit nearly halves amid intensifying competition: Shares of Singapore Airlines dropped after the city-state’s flag carrier reported a fall of almost 50% in net profit for its first half April to September period, citing lower yields and growing competition. As markets opened on Monday, the stock fell as much as 6.2%, before later recovering to trade lower by 3.57%.
