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

Business Standard

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

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

If safety standards are raised carefully, not only will the public become safer, but the GDP can also grow a little faster

Cyclone Michaung

The spread between the Japan Korea Market, used as an Asian benchmark, and the Title Transfer Facility, the European gas benchmark, was assessed at $2.79 per million British thermal units on Wed

LNG (Photo: Bloomberg

Reuters

Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online

Nandan Nilekani, co-founder of Infosys during a fireside chat with Anil Kumar, CEO, Redseer Strategy Consultants

A collection of essays explores the nuanced dynamics of the MeToo movement in India and South Africa, delving into questions of origin, evolution, and the appropriation of the narrative

Book

The firing and subsequent reinstatement of its CEO shows the scope of private sector boards is limited in addressing broader social concerns

OpenAI, artificial intelligence

Tata Steel, Vedanta, NMDC among mining giants exploring the opportunity

mineral block, mining

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

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

On Monday, SC will deliver its verdict on a batch of pleas challenging the abrogation of Article 370 of the Constitution which conferred special status on the erstwhile State of J&K

Raise coverage under food security Act: Supreme Court tells Centre

Supreme Court

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

As many as 35 per cent of Indians would be angry if apps fail, said the survey done among 12,000 people in multiple countries

Apps

The Allahabad High Court has observed that "protection of a person" from being charged in "marital rape continues in cases where the wife is of 18 years of age or more".
The court also cited the judgment in the case of Independent Thought Vs Union of India (2017) where the Supreme Court had held that any sexual intercourse between a man and his wife aged between 15 to 18 years would amount to rape.
Justice Ram Manohar Narayan Mishra, while acquitting a husband under section 377 of IPC for allegedly committing 'unnatural sex' with his wife, noted that "ingredients of unnatural sex, comprised under Section 377 IPC are included in Section 375 (a) IPC as observed by the High Court of Madhya Pradesh".
In its order, the MP High Court had opined that Section 375 IPC related to rape (as amended by the 2013 Amendment Act) includes all possible parts of penetration of the penis. When consent for such an act is immaterial, then there is no scope for the offence of Section 377 IPC to get ...

Gavel

The BJP's newly-elected MLAs in Madhya Pradesh will meet on Monday to elect the leader of the legislative party.
The Bharatiya Janata Party retained power in MP in the November 17 polls emphatically winning 163 seats in the 230-member Assembly, leaving the Congress a distant second with 66 seats.
However, it had not project a CM face, with the campaign relying heavily on the mass appeal of Prime Minister Narendra Modi.
The meeting is expected to begin at 4pm on Monday and the name of CM may be announced by 7pm, an MLA said.
The party's central observers, comprising Haryana Chief Minister Manohar Lal Khattar, OBC Morcha head K Laxman and secretary Asha Lakra, are expected to arrive here at 11am.
"We have been invited for lunch at 1pm. The meeting will begin at 4pm," the MLA said.
This is for the third time since 2004 that the Bharatiya Janata Party has sent central observers to MP.
In August 2004, when Uma Bharti resigned as chief minister, the party's senior leaders Pramod Mahaj

madhya pradesh election 2023, Madhya pradesh polls, MP election, MP polls

The cash seizure in the income-tax department's searches against an Odisha-based distillery company has become the "highest-ever" such haul in a single action conducted by any probe agency in the country and gone past Rs 300 crore, official sources said on Sunday.
The marathon raids against Boudh Distillery Private Limited, its promoters and others entered the fifth day on Sunday. The raids were launched on December 6 by the taxman on charges of tax evasion and "off-the-book" transactions.
The sources told PTI that cash to the tune of more than Rs 300 crore has been counted till now and the counting is still on.
The department believes that the entire cache of currency is "unaccounted" money earned from cash sales of country liquor by the business group, distributors and others.
This is the highest-ever cash seizure made by an agency in the country as part of an action against a single group and entities linked to it, the sources had said.
Some of the high-value seizures in the pa

I-T raid

Outgoing Chhattisgarh Chief Minister Bhupesh Baghel on Sunday congratulated Vishnu Deo Sai on being elected as the leader of the BJP's legislative party in the state.
Sai (59), a prominent tribal face of the BJP, will be the next chief minister of Chhattisgarh as he was picked as the leader of the BJP's legislative party in the state during a meeting of the 54 newly elected party MLAs here earlier in the day.
Baghel wrote on X in Hindi, Congratulations and best wishes to Kunkuri MLA and senior BJP leader Shri Vishnu Deo Sai ji on being elected as the leader of the BJP Legislative Party. I wish that you take forward the journey of justice and progress of Chhattisgarh as the Chief Minister. @vishnudsai.
The BJP scripted a stunning victory, bagging 54 of the 90 assembly seats in the recently concluded polls in the state. The Congress, which had won in 68 constituencies in 2018, was reduced to 35 seats this time. The Gondwana Gantantra Party managed to win one seat.

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63% people believe digital services are crucial in holidays: Cisco

Marital rape: HC says man can't be charged where wife's age is 18 or more

Name of next Madhya Pradesh CM likely to be announced by 7 pm on Dec 11

Cash seizure in Odisha I-T raids goes past Rs 300 crore, counting still on

Baghel congratulates Vishnu Deo Sai on being elected as new Chhattisgarh CM

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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

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

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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