Achieves 81% of target for assembling iPhones in FY24

Apple

Business Standard

Closing Bell on December 11, 2023: The BSE Sensex registered a new summit at 70,058, but eventually settled at 69,929 on Monday. Nifty gained 28 points at 20,997.

Sensex, Nifty, stock market, BSE, NSE

Meanwhile, for the past few months, the regulator has been cautious about the increase in unsecured personal loans, which can spiral into potential bad loans

fintech

Stocks to Watch on December 11, 2023: REC has signed a 200-million-euro loan agreement with the German bank KfW to enhance the distribution infrastructure of discoms

market, stocks, buy, sell, stock calls, stock market trading, stock market

Article 370 case verdict: The apex court directed the Election Commission (EC) to hold polls in J&K by September 30, 2024

Supreme Court directed the restoration of statehood of J&K

The U-WIN portal is presently under the pilot phase of implementation and there are no plans to share data with private companies through API (Application Programming Interface), Parliament was informed on Friday.
The U-WIN portal is linked with the Co-WIN portal and the beneficiary records from Co-WIN can be accessed through U-WIN using the registered mobile number for facilitation of registration of children, Minister of State for Health S P Singh Baghel said in a written reply to a question in the Lok Sabha.
The U-WIN portal only captures the vaccination status and does not create an electronic health record of the patients.
"A security audit of the U-WIN portal has been completed by the CERT-In empanelled agency as per the mandate of the government of India to ensure data protection. The U-WIN portal is presently under the pilot phase of implementation and there are no plans to share data with private companies through API," Baghel said.

Tech firms, Tech companies, IT firms

Press Trust of India

Capital markets regulator Sebi is looking to create a new asset class -- which lies between mutual funds and portfolio management services (PMS) -- and the new product can cater to high-risk investors, its chief Madhabi Puri Buch said on Friday.
The Sebi chief said that there is a spectrum of asset classes for investors. Of these, "mutual funds are the highly retail investors, then you have in between a PMS and then you have AIF (alternative investment fund) for private equity".
"We feel there is room for an additional asset class somewhere between mutual funds and PMS... Sebi is looking into a whole new asset class," Buch told reporters here at the sidelines of a CII event.
In October, mutual funds industry body AMFI clarified that the idea of introducing a new asset class, which lies between mutual funds and PMS, was at a "very nascent stage".
According to the industry body, there was a deliberation within the industry for an instrument that caters to investors who are looking fo

SEBI

The Supreme Court on Friday refused to entertain former ICICI bank managing director and CEO Chanda Kochhar's plea seeking retirement benefits from the bank.
A bench of Justices Sanjiv Khanna and SVN Bhatti said, "Not a case for interference. We are not inclined to interfere with the high court order. The special leave petition is dismissed."
At the outset, senior advocate Harish Salve, appearing for Kochhar said the high court had dismissed the petition without any discussion or finding.
The bench said it has seen the facts involved and the case does not warrant any interference.
Kochhar has challenged the Bombay High Court's May 3 order, which dismissed her petition saying grant of any interim relief to her would cause irreparable damage and prejudice to the bank.
Meanwhile, another top court bench headed by Justice Bela M Trivedi adjourned the hearing on a separate plea filed by CBI challenging grant of interim bail to Kochhar. The plea of the probe agency will now be heard on 

Chanda Kochhar

The GPAI is being hosted at Bharat Mandapam from December 12-14. India, a co-founder of the GPAI, is the lead chair of the summit

PM Modi, Narendra Modi

RBI dy governor says not comfortable extraterritorial jurisdiction regulations

T Rabi Sankar

The 14-year political journey of TMC leader Mahua Moitra has encountered both upheaval and elevation, as her expulsion from Parliament in a cash-for-query case marked the culmination of her tumultuous parliamentary term.
Despite the abrupt brakes to her parliamentary career for the time being, the opposition's unwavering support painted a contrasting picture, underscoring Moitra's enduring impact in present-day Indian politics.
Moitra, a first-time MP representing Krishnanagar Lok Sabha seat, found herself expelled from the Lok Sabha on Friday.
The Ethics Committee's report, holding her accountable for accepting gifts and illegal gratification, paved the way for her expulsion.
Following a contentious debate where Moitra was denied the opportunity to speak, Parliamentary Affairs Minister Pralhad Joshi proposed a motion to expel the Trinamool member for "unethical conduct," a motion that was adopted through a voice vote.
In response to her expulsion, Moitra strongly criticised the .

Mahua Moitra

The argument that Indian polity is divided into a BJP-loving North and a South that continues to reject it is lazy and simplistic. Contest for 2024 is between the 'BJP heartland' and the peripheries

Two and three-wheeler manufacturer TVS Motor has launched the TVS Apache 160 4V motorcycle equipped with Dual Channel ABS and Voice Assist, widening its product portfolio.
The new bike, priced at Rs 1,34,990 (ex-showroom Tamil Nadu) was in line with TVS Motor's commitment to safety while experiencing the joy of riding a motorcycle.
The bike was launched at the third edition of TVS Motosoul - the flagship motorcycle festival by TVS Motor in Goa.
The occasion also marked the extension of TVS Motor and Petronas' collaboration for the next season.
"The focus of the partnership will also be on introducing co-branded merchandise that aligns with the values and identity of both the brands.", a company statement said.
TVS Motor Company entered into a partnership with Petronas in 2022 and has completed two seasons with 80 per cent wins across different race formats.
The partnership would also focus on introducing co-branded merchandise.
"TVS Motosoul is a platform that offers a complete 

The rebound suggests the conglomerate, once termed "deeply overleveraged" by research firm CreditSights, is finding favor with investors again

Image: Bloomberg

Bloomberg

The point is that businessmen look to prosper; what they seek to minimise is uncertainty, which denotes risk. Beyond that they are politically agnostic, writes T N Ninan

Modi, narendra modi, BJP

A total of 12 cases of GST evasion involving Rs 345 crore have been detected against lottery distributors since July 2017, Parliament was informed on Monday.
Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said Rs 622 crore, including interest and penalty, have been recovered from lottery distributors from July 2017 till November 2023.
"Twelve cases involving GST evasion of Rs 344.57 crore have been detected against lottery distributors and Rs 621.56 crore (including interest and penalty) has been recovered/realized from July 2017 to till November 2023," Karad said.
Karad further said the Finance Ministry had received a reference from the Ministry of Home Affairs (MHA) for comments regarding disbursement of prize amount of lotteries through formal banking channel.
"Comments in this regard have been sent to MHA. Using formal banking channel for any kind of transaction, including disbursement of lottery prize, is helpful in mitigating the associated mo

Finance Ministry, Ministry of Finance

Vicky Kaushal's 'Sam Bahadur' was out in theatres on December 1 and has been performing well even with strong competition from 'Animal', however, it received a boost in the second weekend

Sam Bahadur

BS Rich Content

Nvidia commands as much as 90% of China's $7 billion market for chips used to process enormous amounts of data to develop AI software

Nvidia

Reuters

The central government sent legal notices to actors Akshay Kumar, Ajay Devgn and Shah Rukh Khan for endorsing tobacco companies in response to a petition

Centre sends legal notice to Ajay, Shahrukh and Akshay

Vicky Kaushal-starrer 'Sam Bahadur' was released on December 1 and has been performing well even with tough competition from 'Animal'. The second weekend has given the film's collections a big boost

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GST evasion of Rs 345 cr detected against lottery distributors till Nov '23

Sam Bahadur Box Office Collection Day 11: All about Vicky's film on weekday

After US curbs, Tencent and small chip designers chase Nvidia's China crown

Centre sends legal notice to Ajay, Shahrukh and Akshay for endorsing gutka

Sam Bahadur Box Office Collection Day 10: Movie gets big boost on weekend

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Boost to Make in India: Apple way ahead of PLI scheme commitments

Sensex scales mount 70K, ends 103pts up; broader indices outrun, PSBs shine

Unsecured loan concerns: Fintechs explore long-term loans after RBI alert

Stocks to Watch: Mazagon Dock, Tata Motors, REC, Blue Dart, Cipla, Lloyd

Article 370 was a temporary provision, says SC as it upholds its abrogation

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