Global brokerage firm Jefferies has initiated coverage on the BSE with a 'buy' rating and a price target of Rs 2,700.

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The workers were pulled out through a passageway made of welded pipes which rescuers previously pushed through rocks

Uttarakhand CM Pushkar Singh Dhami and Union Minister of State for Road Transport & Highways VK Singh greet rescued workers coming out of the collapsed Silkyara Tunnel. (PTI Photo)

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Incidentally, all three channels belong to the Zee network

Sony, Zee

Bloomberg

Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died. He was 99.
Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital.
Munger served as Buffett's sounding board on investments and business decisions and helped lead Berkshire as its vice chairman for decades.
Munger preferred to stay in the background and let Buffett be the face of Berkshire, and he often downplayed his contributions to the company's remarkable success.
But Buffett always credited Munger with pushing him beyond his early value investing strategies to buy great businesses.
"Charlie has taught me a lot about valuing businesses and about human nature," Buffett said in 2008.
Buffett's early successes were based on what he learned from former Columbia University professor Ben Graham. He would buy stock in companies that were selling cheaply for less than their assets were worth, and then, when the market p

Charlie Munger

Press Trust of India

To compound the issue, China, the world's second-largest economy, is already slowing down and grappling with a crisis in its real estate market

india china

Chhattisgarh CM said, "The Ram Temple is being built on the direction of the Supreme Court. But the BJP is playing politics over it

Bhupesh Baghel

India's steel demand is expected to grow at a CAGR of 7 per cent to touch 190 Million Tonne (MT) level by 2030, according to a report by SteelMint India.
The demand will be largely fuelled by construction and infrastructure sectors, which contribute 60-65 per cent to the demand, the market research firm said.
In 2030, India's steel demand is projected to reach 190 MT based on a 7 per cent Compound Annual Growth Rate (CAGR).
"In the best case scenario, it can also reach 230 MT by 2030," the report titled 'India's Steel and Coking Coal Demand 2030' stated.
The demand will also be pushed by sectors like auto and engineering, and factors like population growth, growing urbanisation, various government initiatives will be its key drivers.
The demand is expected to touch 120 MT mark by 2023-end, and production will be at 136 MT, as per the report.
India's crude steel production is expected to be at 210 MT by 2030, 45 per cent higher from production levels of 2023.
Many countries, incl

steel industry

Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts.
Equity markets will remain closed on Monday for Gurunanak Jayanti.
Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors.
"While global cues are relatively muted, market participants will closely monitor movements in crude oil prices, US bond yields, and the dollar index," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
From the domestic macroeconomic front, the GDP data for the July-September quarter will be released on Thursday and the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Friday.
Auto companies would remain in the limelight amid monthly sales data announcements.
"Markets will focus on the global and domestic macroeconomic data. Auto stocks will be i

Stock market, BSE

The combined market valuation of four of the top-10 most-valued firms climbed Rs 65,671.35 crore last week, with Reliance Industries emerging as the biggest gainer.
Last week, the BSE benchmark climbed 175.31 points, or 0.26 per cent.
While Reliance Industries, HDFC Bank, ICICI Bank, and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, State Bank of India, and Bajaj Finance faced erosion in valuation.
The market valuation of Reliance Industries jumped Rs 26,014.36 crore to reach Rs 16,19,907.39 crore.
HDFC Bank added Rs 20,490.9 crore, taking its valuation to Rs 11,62,706.71 crore.
The market valuation of Bharti Airtel rose Rs 14,135.21 crore to Rs 5,46,720.84 crore , while that of ICICI Bank gained Rs 5,030.88 crore to Rs 6,51,285.29 crore.
However, the market capitalisation (mcap) of TCS eroded by Rs 16,484.03 crore to Rs 12,65,153.60 crore. The valuation of Bajaj Finance declined Rs 12,202.87 crore to Rs 4,33,966.53 crore.
The

Reliance Industries, Reliance, RIL

The Indian passenger vehicle market is expected to carry forward the momentum of this year to the next purely driven by economic fundamentals, having already moved beyond pent-up demand-induced growth, according to Toyota Kirloskar Motor Executive Vice President & Country Head Vikram Gulati.
While the SUVs are expected to witness fast growth in general in 2024, the mid to higher end of the segment will also see faster acceleration, although the small cars category will remain a concern.
"I think the market is growing. It will continue to grow in a very healthy way. We are well beyond the part when people were saying this is pent-up demand. We have built much beyond that, and the festive season has seen very good pickup," Gulati told PTI when asked about the outlook for 2024.
He further said, "Going forward, I think the fundamentals are good. In terms of the economic forecast, our economy continues to be stable and growing amidst a very turbulent environment."
Despite the shocks of

Toyota Kirloskar SUV

However, for FY25, the GDP growth projection has been slashed by 50 basis points (bps) to 6.4 per cent

India's growth, India GDP, economic growth

Tamil Nadu Chief Minister M K Stalin on Sunday said NEET was imposed on Tamil Nadu, "destroying" its medical infrastructure, and asserted that the state will get itself exempted, with public support.
Virtually addressing the 4th state conference of the Doctors' Association for Equality (DASE), Stalin recalled the many suicides of medical aspirants in the state allegedly over the National Entrance-cum-Eligibility Test, which was "imposed" on Tamil Nadu to "destroy the medical infrastructure" created in the state.
"We have embarked on a legal struggle to ensure NEET exemption. Some may say with arrogance, even some in (official) positions may say that NEET exemption is not possible. (But) NEET exemption is our aim and it will happen with public support," Stalin said.
An anti-NEET signature campaign initiated by the DMK's youth wing, student wing and medical wing has become a "people's movement," Stalin, who is also the ruling party president, added.
The Tamil Nadu government has, mor

M K Stalin

Earlier, on Sunday, a plasma-cutting machine was flown to the tunnel site from Hyderabad to cut through the Auger drilling machine and its stuck blades from inside the tunnel

Uttarakhand tunnel

Uttar Pradesh's ban on halal-certified products has transformed into a legal and political hot pot, tenderising the landscape and carving up a lucrative market

meat, meat ban, ban, beef, salughter

In trying to please everyone, India is seen as neither fish nor fowl. India must rethink whether it can claim leadership of Global South by supporting a perspective not very different from the West

israel, gaza, army

Nearly 1 lakh hectares of land under cultivation in different parts of Maharashtra has been adversely affected due to unseasonal rains over the last few days, Chief Minister Eknath Shinde has said, citing preliminary assessment.
Two persons have died in rain-related incidents in Nashik district in north Maharashtra, a senior official said.
Affected farmers will get compensation for crop losses caused by unseasonal rains, the CM said.
"Authorities have been directed to conduct 'panchnama' (survey) of the damaged crops and affected farmers should be paid adequate compensation," Shinde told reporters in his political turf of Thane on Monday.
He said preliminary information suggests that nearly 1 lakh hectares of land under cultivation in Marathwada, Vidarbha and north Maharashtra regions was affected due to untimely showers.
"This is the government of farmers and workers. The government will always stand behind these classes," the chief minister said.
The first estimate report prepa

Maharashtra CM Shinde

The families, enduring prolonged desperation, celebrated the rescue and wholeheartedly thanked the government for bringing their loved ones back

Rescued workers, Silkayara tunnel workers

Catch all the latest LIVE updates from across the globe here

Uttarkashi tunnel

An elevator suddenly dropped around 200 metres (656 feet) while carrying workers to the surface in a platinum mine in South Africa, killing 11 and injuring 75  14 of them critically, the mine operator said.
It happened Monday evening at the end of the workers' shift at a mine in the northern city of Rustenburg. All the injured workers were hospitalised.
Mine operator Impala Platinum Holdings CEO Nico Muller said in a statement on Tuesday that it was "the darkest day in the history of Implats". He said an investigation had begun into what caused the elevator to drop and the mine had suspended all operations on Tuesday.
Minister of Mineral Resources and Energy Gwede Mantashe said there would be a government investigation into the tragedy. He visited the mine and was briefed, the government said.
All 86 workers killed or injured were in the elevator, Implats spokesperson Johan Theron said. Some of the injured had "serious compact fractures", he said. Theron said the elevator dropped .

Elevator, Lift

Kamboj further condemned the deaths of civilians and emphasised that that is clearly unacceptable

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Crops on 100k hectares damaged by unseasonal rains in Maharashtra, says CM

Families extend gratitude to govt after rescue of 41 workers from tunnel

Latest LIVE: Medical checkup of 41 rescued workers from Silkyara underway

Elevator plummets at a platinum mine in S Africa, kills 11 and injures 75

Zero-tolerance approach to terrorism: Kamboj reaffirms ties with Palestine

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Uttarakhand tunnel collapse: How workers were rescued after 17 days

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Charlie Munger, Warren Buffet's sidekick at Berkshire Hathaway, dies at 99

China mysterious disease outbreak: Indian exporters fear likely impact

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