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CM Pushkar Singh Dhami meets the workers who have been rescued from inside the Silkyara tunnel

Business Standard

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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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

Reserve Bank of India's decision to increase risk weights on unsecured consumer loans and bank funding has dealt a double blow to non-banking financial companies

nbfc loan rbi

Stocks to watch on Tuesday, November 28, 2023: Honasa, Siemens and Newgen Software in focus today as exchanges lower circuit limit, results announcement and a liberal 1:1 bonus share issue.

Markets, Stock market, sensex, stock market indices

Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO).
The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final day of subscription on Friday, driven by remarkable participation from institutional buyers.
"...Tata Technologies Ltd in consultation with book running lead managers to the IPO, has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share of face value of Rs 2 each," Tata Motors said in a regulatory filing.
The public issue had a price band of Rs 475-500 per share.
Accordingly, the size of the IPO aggregates to Rs 3,042,51 crore comprising an offer for sale of 4.63 crore equity shares by Tata Motors amounting to Rs 2,313.75 crore, 97.17 lakh equity shares by Alpha TC Holdings Pte Ltd amounting to

Press Trust of India

Defers decision on easing delisting, NRI investment norms; introduces framework on fractional real estate ownership

SEBI

The operation to rescue 41 workers trapped in the Silkyara tunnel may take a long time with the auger machine for horizontal drilling facing repeated hurdles and rescuers are now preparing to start vertical drilling, the National Disaster Management Authority (NDMA) said on Saturday.
The vertical drilling will start in the next 24 to 36 hours, NDMA member Lt Gen (retd) Syed Ata Hasnain said, adding the front part of the auger machine was broken and efforts are being made to retrieve those from the tunnel.
"We need to have patience as it is a dangerous operation ... 'is operation main lamba samay lag sakta hai' (this operation may take a long time)," he said, without mentioning any timeline for the completion of rescue operations.
Drilling at the collapsed portion of the Silkyara tunnel to rescue the trapped men halted again on Friday night after the auger machine engaged in drilling through the rubble to prepare an escape passage faced a hurdle, apparently a metal object, and ...

Uttarakhand tunnel collapse

The special investigation team (SIT) probing the Rs 2,500-crore cryptocurrency scam would approach the competent court on November  28 to seek a warrant for the extradition of fugitive kingpin Subhash Sharma from UAE, officials said on Saturday.
The kingpin of the scam Subhash Sharma from Sarkaghat in Himachal Pradesh's Mandi district is still at large and as per our information, he is hiding in UAE. Efforts are underway to bring him back, Deputy Inspector General of Police (DIG) northern range, Abhishek Dhullar, who is heading the SIT, told PTI.
The multi-crore cryptocurrency ponzi scam started in 2018. The investors smelled something fishy when they stopped getting returns during the Covid pandemic when most business activities came to a halt. Later when they asked the accused about their pending returns, they realised they had fallen into a trap and were threatened to keep shut, the police said.
The fraudsters threatened the victims that they would lose all their invested money i

Cryptocurrency

The Jammu and Kashmir administration on Saturday approved the setting up of four new industrial estates in the Union Territory to boost investment and promote local employment, according to an official spokesperson.
Approval for the setting up of new industrial estates at Budhi in Kathua district, Medicity Jammu in Jammu district and Chandgam and Lelhar in Pulwama district was given by the Administrative Council (AC) that met under the chairmanship of Lt Governor Manoj Sinha here, the spokesperson said.
He said the new industrial estates will be developed on 1,379 kanals of land with an investment of Rs 136.65 crore.
Apart from attracting investments, the projects will provide a boost to local employment and are expected to generate over 11,497 private sector jobs, he said.
As per the spokesperson, new industrial estates will be comprehensively developed in terms of infrastructure, such as internal road works, availability of electricity, centralised water distribution system, ...

economic development

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

Farmers who had gathered at Mohali and Panchkula along Chandigarh's borders on Tuesday ended their three-day protest after their meetings with Punjab and Haryana governors, but warned the Centre of a "bigger agitation" if it does not show "seriousness" towards their pending demands.
"This was a trailer," said farmer leader from Punjab, Harinder Singh Lakhowal, on the three-day protest.
"A bigger agitation will be held if the government does not show seriousness towards our demands," Lakhowal told PTI.
He said there are some demands which pertain to the state government which they have separately taken up with it and a meeting in this regard with the chief minister will be held on December 19.
Separately, a delegation of farmers from Haryana met Governor Bandaru Dattatreya here concerning various demands.
After the meeting, farmer leader Suresh Koth told reporters that they "want to give a clear warning to the government that we have and we can fight for our rights."
"If the gover

Punjab farmers protest

The Supreme Court on Tuesday made it clear that there can be no partial compliance of its order directing the Delhi government to release funds for the Regional Rapid Transit System (RRTS) project and complete compliance of its directions must take place according to the schedule.
The RRTS project entails semi-high speed rail corridors connecting Delhi to Meerut in Uttar Pradesh, Alwar in Rajasthan, and Panipat in Haryana.
The apex court observed the problem was that the Delhi government can make a budgetary provision of Rs 580 crore for advertisements but it cannot make a budgetary provision of Rs 400 crore which it is supposed to pay for the project.
"You have to be arm twisted for the money which you are liable to pay. That is the problem. Why are you doing this?
"The issue is why you have not made budgetary provision. You can make budgetary provision for Rs 580 crore odd for advertisements. But you can't make budgetary provision of Rs 400 odd crore which you are supposed to pay

Supreme Court

The Delhi government has decided to hire a consultant for management of assets and upkeep of industrial areas in Okhla and Patparganj, officials said on Tuesday.
The consultant will assist the Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) in selection of a facility management services (FMS) agency to handle works such as cleaning and sweeping of roads, door-to-door collection of waste and solid waste management, according to official documents.
The agency will also be responsible repairing storm-water drains, potholes, kerb stone, deployment of security, horticulture work, collection of user charges, prevention of encroachment and removal of squatters.
The DSIIDC is the nodal agency responsible for development, operation and management of industrial areas or estates pertaining to the Delhi government.
The aim is to device a set up for managing, operating and maintaining all infrastructure assets in an integrated manner for Patparganj and the Okhla ...

msme, okhla, coronavirus, road

The Maratha reservation issue will be discussed during the winter session of the Maharashtra legislature, deputy chairperson of the state legislative council Neelam Gorhe said on Tuesday.
She was speaking at a news conference at the Vidhan Bhavan after reviewing preparations for the session which will start here from December 7.
The Maratha community's demand for reservation in government jobs and admissions to educational institutions took centre stage last month when activist Manoj Jarange launched a hunger strike over the issue and the agitation for quota took a violent turn in some parts of the state.  To the question whether there will be a discussion on the issue during the session, Gorhe said no proposal had come to her as of now.
"No doubt the issue will come up during the winter session. But I cannot announce the date until all the business and other procedures are finalized.....but the reservation issue will be discussed in both the houses and it is everyone's wish that so

maratha, quota, maratha protest

Tata Power Renewable Energy Ltd (TPREL) has bagged a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd.
FDRE provides round-the-clock power supply and supports the discoms in meeting renewable purchase obligation (RPO) and energy storage obligation (ESO), Tata Power said in a regulatory filing.
The company said its subsidiary, "Tata Power Renewable Energy Limited (TPREL), has received a Letter of Award (LOA) for developing the 200 MW FDRE project with SJVN Ltd (SJVN)," the company said.
The company, however, did not disclose the financial details of the order.
SJVN is a public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission and has been designated as the Renewable Energy Implementing Agency (REIA) by the Ministry of New & Renewable Energy (MNRE) for achieving the nation's target of achieving 500 GW by 2030.
This is the first FDRE power tender won by TPREL. It (tender) also includes a greenshoe option, ...

Tata Power's arm acquires 30 MW solar project in Maharashtra

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Punjab farmers end protest, warn of 'bigger agitation' if promises not met

RRTS project: Want complete compliance of order, SC to Delhi govt

Govt to hire consultant for upkeep of Okhla, Patparganj industrial areas

Maratha reservation issue to be discussed in Maha assembly's winter session

In a first, Tata Power Renewable Energy secures 200 MW FDRE project

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LIVE: All 41 workers trapped inside Silkyara tunnel successfully rescued

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

NBFCs' contagion concerns

Stocks to Watch today: BSE, Honasa, Newgen, Eicher, Cello World, Siemens

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