Changing benchmark will trigger $3.6 bn inflows into domestic equities

funds

Business Standard

Foreign inflows of Rs 47,105 crore into debt in CY23 at 6-year high

FPIs

The carmakers cited high cost pressure, driven by overall inflation and increased commodity prices, behind the price hike plans

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

bse, bombay stock exchange, stock market, markets

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Hon Hai Precision

Bloomberg

A court here on Saturday sentenced four convicts in the killing of TV journalist Soumya Vishwanathan in 2008 to life imprisonment while the fifth convict was sent to three years in jail.
Ordering the quantum of punishment, the court said the offence does not fall in the category of rarest of rare cases. So request for death penalty is refused, it said.
Ravi Kapoor, Amit Shukla, Baljeet Malik and Ajay Kumar have been sentenced to life imprisonment. The fifth convict, Ajay Sethi, has been sentenced to simple imprisonment for three years.
Vishwanathan, who was working with a leading English news channel, was shot dead in the early hours of September 30, 2008, on south Delhi's Nelson Mandela Marg while she was returning home from work. Police claimed the motive was robbery.
On October 18, the court convicted Ravi Kapoor, Amit Shukla, Baljeet Malik, and Ajay Kumar under Indian Penal Code section 302 (murder) and Maharashtra Control of Organised Crime Act (MCOCA) provisions for committin

Gavel, Law & Order

Press Trust of India

The lights above washing the hospital corridor with a dim glow, a frantic Jenpu Rongmei rushed to see his 12-year-old nephew Nina who had been admitted the night before with fever and body ache. He was too late.
The young boy had succumbed to dengue, a neglected tropical disease that was entirely alien to the people of Nagaland till very recently.
A month later, Jenpu remembers every detail of that evening  the dull light in the hospital, the faces around, the intense grief and the sheer disbelief that Nina could have gone so soon and so suddenly.
"When I got the news that my nephew was admitted, I thought he would be fine. I didn't think dengue could be deadly," Jenpu, who runs the NGO CanYouth to help young people in their education, said.
As the mosquito-borne disease increases its spread, Nina's untimely death is the latest in the devastating crisis sweeping across the Northeast and other states in India. The spread of the disease even in autumn has been attributed to a late ..

Chikungunya, dengue, malaria sting New Delhi; over 1,700 people affected

More than 55 per cent of the electorate in Rajasthan voted by 3 pm on Saturday to elect a new government in a bipolar contest, with both the Congress and the BJP expressing hope of getting the people's mandate.
Polling began at more than 51,000 polling booths at 7 am and will continue till 6 pm.
Officials said voting was by and large peaceful across the state. However, two people - a polling agent of a candidate and an elderly voter - died of cardiac arrest at polling booths in Pali and Udaipur districts.
The voting percentage till 3 pm was 55.63 per cent, an official said. In the first two hours of voting, nearly 10 per cent of voters cast their votes and the figure went up to nearly 25 per cent by 11 am and to more than 40 per cent by 1 pm, he added.
There are more than 5.25 crore registered voters in 199 seats, out of a total of 200 in the state. Polling in one constituency has been postponed due to the death of a candidate. The voters will decide the fate of 1,862 candidates.

votes, counting of votes, elections, polls

ED claimed that Singh played a part in the Delhi govt's decision to give licenses to alcohol shops and merchants in 2020, causing losses to the state exchequer and violating anti-corruption laws

Sanjay Singh

Hamas will release 14 Israeli hostages in exchange for Israel freeing 42 Palestinian prisoners Saturday as part of an ongoing swap during a four-day cease-fire, according to a senior Egyptian official.
The official, speaking on condition of anonymity because he was not permitted to talk about details of the ongoing negotiations, said that mediators Egypt and Qatar have given Israel a list of those hostages to be released provided by Hamas. A second official, also speaking on condition of anonymity, confirmed the details.
The upcoming swap on day two of the cease-fire follows Hamas' release Friday of 24 of the approximately 240 hostages it took during its Oct. 7 attack on Israel that triggered the war. In exchange Israel freed 39 Palestinians from prison.
Those freed from captivity in Gaza were 13 Israelis, 10 Thai nationals and a citizen of the Philippines.
It was not immediately clear if any non-Israeli captives may also be released Saturday.

Palestine, Israel, Israel strikes, Damage

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

The Supreme Court on Tuesday set aside the stay imposed by the Punjab and Haryana High Court on holding of elections to the Wrestling Federation of India (WFI).
A bench of justices Abhay S Oka and Pankaj Mithal said it failed to understand how the entire process of the election could have been set at naught by high court.
"Pending a writ petition filed by the Haryana Wrestling Association, by an interim order the high court has stayed the election of WFI. We fail to understand how the entire process of the election could have been set at naught by HC. The proper course would have been to allow the election to be conducted and make the election subject to the outcome of the pending writ petition.
"Accordingly, the impugned order granting interim relief is set aside. It will be open for returning officer to proceed with the election by publishing a revised election program. We make it clear that the outcome of the election will be subject to orders that may be passed in the petition,"

Indian wrestlers, Wrestling

The Supreme Court on Tuesday issued directions for ensuring burial or cremation of bodies lying in mortuaries in Manipur, where ethnic clashes had claimed several lives in May.
A bench headed by Chief Justice D Y Chandrachud noted that a report filed by the apex court-appointed all-woman committee of former high court judges, headed by justice (retd) Gita Mittal, has indicated the position of the bodies that are lying in mortuaries in the northeastern state.
The bench, also comprising justices J B Pardiwala and Manoj Misra, said the report indicated that 169 of the 175 bodies have been identified while six have not been identified.
It noted that of the 169 identified bodies, 81 have been claimed by the next of kin while 88 have not been claimed.
The bench observed that the state government has identified nine sites where the burial or cremation can take place.
"Bearing in mind the fact that violence in the state of Manipur had taken place in May 2023, it would not be either ...

Supreme Court (Photo: Wikipedia)

The acquisition of Aquapharm Chemicals Private Limited marks the company's foray into global specialty segments of water treatment chemicals and oil & gas chemicals

Philips Carbon plans Rs 9 bn investment to increase production capacity

Philips Carbon Black, PCBL

The Supreme Court on Tuesday sought a response from TDP chief N Chandrababu Naidu on a plea by the Andhra Pradesh government against a high court order granting regular bail to him in the skill development corporation scam case.
A bench of justices Bela M Trivedi and SC Sharma issued notice to Naidu and directed that he will not participate in public rallies and meetings till December 8, which is the next date of hearing.
"Issue notice. Returnable on December 8. The conditions imposed in the bail order shall be continued except participation in public rallies and meetings," the bench said.
The Andhra Pradesh High court had converted Naidu's four-week interim medical bail in the case into absolute bail and ordered the former chief minister's release on regular bail, considering his age, old age-related ailments, non-flight risk and other reasons.
It had said the interim bail conditions such as refraining from making any public comments related to the scam case or organising or ...

Telugu Desam Party (TDP) President N Chandrababu Naidu

The Tamil Nadu government has planned to set up a footwear manufacturing park at an outlay of Rs 400 crore on a 250-acre land, Chief Minister M K Stalin said on Tuesday.
The industrial project would generate 20,000 new jobs in Ranipet district, he said at an event here.
Stalin made those comments after virtually inaugurating a footwear manufacturing facility set up at an investment of Rs 400 crore by JR One Footwear Pvt Ltd at Eraiyur in Perambalur district, about 250-km south of Chennai.
Observing that the government has implemented several projects in the leather and footwear industries during the last two years, he said following the release of a footwear and leather products policy in 2022 there have been developmental changes in these sectors.
"By witnessing such growth, it gives me the confidence to say that the day is not far in achieving the USD 1 trillion economy by 2030."
Tamil Nadu should further strengthen its position in the leather and footwear sectors. "The governme

MK Stalin

The Karnataka government's annual global Bengaluru Tech Summit (BTS) will begin on Wednesday, bringing together tech leaders, startups, investors and research labs from 30-plus countries.
Organised by the Karnataka's government's Department of Information Technology and Biotechnology along with the union government's Software Technology Parks of India, the three-day 26th BTS, with the theme 'Breaking Boundaries', will be inaugurated by Chief Minister Siddaramaiah at Palace Grounds here.
Kazakhstan's Minister of Digital Development, Innovations and Aerospace Industry Bagdat Mussin and  Semiconductor company AMD's EVP & CTO Mark Papermaster will be among the VIP dignitaries present at the inauguration.
A recorded message from Finland's Minister of Science and Culture Sari Multala as well as one from Germany's Minister of Digital Affairs and Transport Volker Wissing will be relayed at the opening event.
Key figures from Indian industry, including Rishad Premji, Executive Chairman of .

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SC sets aside stay imposed by Punjab and Haryana HC on WFI elections

SC issues direction for ensuring burial or cremation of bodies in Manipur

Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore

SC issues notice to Chandrababu Naidu on AP govt's plea in alleged scam

Tamil Nadu to set up footwear park at an outlay of Rs 400 cr: CM Stalin

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