Ahuja was appointed as MD and CEO in May 2018. Manu Ahuja was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala

Manu Ahuja

Business Standard

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

Image: Bloomberg

Bloomberg

A constitution bench has reviewed the challenge to the abrogation of Article 370, exploring the constitutionality of the process and its impact on Jammu and Kashmir's special privileges

Supreme Court, Manipur violence

Foreign portfolio investors (FPIs) injected Rs 26,505 crore into the Indian equity markets in the first six trading sessions of this month on expectations of political stability after the BJP stormed to power in three major states and robust economic growth.
This came following a net investment of Rs 9,000 crore in October. Before this, overseas investors withdrew 39,300 crore in August and September, data with the depositories showed.
Going forward, FPI inflows are likely to continue, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
According to the data, FPIs made a net investment of Rs 26,505 crore in Indian equities in this month (till December 8).
Kislay Upadhyay, the founder of FidelFolio Investments, attributed the FPI inflows to the outcome of major state elections that signalled political stability going forward..
"The indication of political stability after the 2024 General elections, strong growth momentum in the Indian economy, inflation

Press Trust of India

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities.
Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80.
HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation.
HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India jumped by Rs 65,558.6 crore to Rs 4,89,428.32 crore at close on Friday. LIC had reclaimed the Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourse on Thursday.
However, at cl

HDFC Bank

X, which does not regularly release user data, could not immediately be reached for comment on how the December sign-ups compared to average or why Yaccarino disclosed the figure

Twitter(X)

Reuters

Levi Strauss & Co. has said that its CEO will step down in January and hand over the reins of the jeans maker to his appointed successor.
Chip Bergh, 66, will cede the CEO job to Michelle Gass, 55, who left her CEO role at Kohl's to become president of Levi's in January of this year.
Bergh, who took over at the San Francisco company in September 2011, will stay on as executive vice chair until he retires in late April, Levi Strauss said on Thursday. He will remain on as an advisor through the end of the fiscal year.
Gass will take on the CEO position on January 29. The move completes the succession plan that was announced just over a year ago, when Levi Strauss had said Gass was joining the company to succeed Bergh within 18 months.
Over the course of his tenure, Bergh moved the brand from a predominantly men's US wholesale pants business to a global, direct-to-consumer company. He also reinvigorated the women's business. Under his leadership, Levi Strauss returned to the public ..

Levis

New Delhi set up an investigating committee last week after the US alleged that an Indian government agent was involved in the foiled assassination attempt of a Sikh separatist leader in New York

India Canada

Veteran actor Junior Mehmood, known for his roles in films like 'Kati Patang' and 'Aan Milo Sajna' among others, is currently battling with stage four cancer

Junior Mehmood

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Congress

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 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

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

RBI Governor Shaktikanta Das kept the repo rate unchaged on friday but raised GDP projections

Catch all the latest news updates from across the world

Supreme Court rules that Benami law cannot be applied retrospectively, says Supreme Court.

Supreme Court, Benami Act

The UN refugee agency has warned that Afghans could die in harsh winter conditions if they don't get adequate shelter once they cross the border from Pakistan.
Almost half a million Afghans have left Pakistan since early October, when the Islamabad government announced it would arrest and deport foreigners it said were in the country illegally. The overwhelming majority of them are from neighboring Afghanistan, though Islamabad insists the policy doesn't target a specific nationality.
The forced returns are piling pressure on Afghanistan and aid agencies, which are providing the bulk of essential services like health care. Freezing temperatures are setting in and conditions at the border remain dire.
Many Afghan returnees are vulnerable, including women and children, who could lose their lives in a harsh winter if left without adequate shelter, the U.N. refugee agency said in a report published Friday. People arriving at the border are exhausted and require urgent assistance as well

Afghans, Afghanistan, kabul

Donald Trump said Sunday he has decided against testifying for a second time at his New York civil fraud trial, posting on social media that he "VERY SUCCESSFULLY & CONCLUSIVELY" testified last month and saw no need to appear again.
Trump had been expected to return to the witness stand Monday as the last big defense witness in the trial in New York Attorney General Letitia James' lawsuit. The case threatens Trump's real estate empire and cuts to the heart of his image as a successful businessman.
Trump announced he was cancelling his testimony in an all-capital letters, multipart statement on his Truth Social platform, writing: "I WILL NOT BE TESTIFYING ON MONDAY."
" HAVE ALREADY TESTIFIED TO EVERYTHING & HAVE NOTHING MORE TO SAY," Trump wrote, adding his oft-repeated claim that James and other Democrats have weaponized the legal system to hinder his chances at retaking the White House.
Trump was often defiant and combative when he testified on November 6. Along with ...

Donald Trump

Here is the best of Business Standard's opinion pieces for today

Climate Change

Technology transfer and finance for low-carbon transition of hard to abate sectors like iron, steel, cement, and transport remains a challenge, Environment Minister Bhupender Yadav said at the UN climate talks on Sunday.
Addressing an event, he said the global industrial landscape has seen a significant shift since the launch of LeadIT, an initiative focusing on low-carbon industrial, in 2019.
"However, the real transition challenges of technology transfer and finance are yet to be addressed," he said.
Yadav emphasised collaborative international mechanisms to tackle challenges, particularly barriers like intellectual property rights for technology transfer.
He described the India-Sweden LeadIT partnership as an alliance to address the climate crisis and harmonise industries with the environment.
The minister encouraged stakeholders to collaborate on innovation, technology, and collaboration to build a sustainable, inclusive industry for the future.
Swedish Minister of Climate an

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LIVE: SC to give verdict on pleas challenging abrogation of Article 370

UN agency warns of Afghans dying in winter if they don't get proper shelter

Won't testify again at New York fraud trial, nothing more to say: Trump

Best of BS Opinion: World's climate future, inflation fight and more

Tech transfer, finance for energy transition still a challenge: Min Yadav

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Manu Ahuja, MD &CEO of Jubilant Agri and Consumer Products, passes away

Adani's bond rebound almost erase losses incurred from Hindenburg report

All you need to know about Article 370 before SC's verdict on Monday

FPIs invest Rs 26,505 cr in equities in first six sessions of December

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

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