Mumbai: HDFC Bank, India’s biggest private bank, has received a warning from the Securities and Exchange Board of India (SEBI). This warning is about some rules the bank didn’t follow in the capital markets area. HDFC Bank mentioned that SEBI pointed out issues related to merchant banking rules, capital and disclosure requirements, and insider trading regulations. The warning letter, which the bank received on December 11, was dated December 9. After hearing this news, the bank’s stock dropped by 0.3%. The bank, which is very close to its all-time highest stock price, said it did not share too many details about the problems but promised to fix the issues mentioned in the letter.
Author: Supriya Jena
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Vinod Kambli: Health Update and Cherished Cricket Memories”
Vinod Kambli, the former Indian cricketer, is feeling a bit better after facing serious health problems recently. At 52 years old, Kambli has been struggling with a bad urine infection that made him collapse a month ago. Thankfully, he is on the mend now, thanks to the support of his family. His wife Andrea, son Jesus, and daughter Johanna have all helped him during this tough time.
Two weeks ago, Kambli attended a memorial event for his coach, Ramakant Achrekar. His appearance there raised concerns among fans and fellow cricketers because they noticed he seemed unwell. However, seeing his old buddy Sachin Tendulkar brought a smile to his face, and he even sang a song that was a favorite of Achrekar.
In a recent interview, Kambli shared, “I am better now. My wife took me to three hospitals and insisted I get fit. Ajay Jadeja came to see me, which was nice. My son helped lift me up, and my daughter and wife were there for me too.” He described how he felt dizzy one month ago, leading to his collapse. A doctor advised him to get admitted to the hospital for treatment.
Kambli is known for his remarkable start in cricket, scoring double centuries in his third and fourth Tests. However, his career had its ups and downs, and he made several comebacks. He last played for India in 2000 at just 28 years old. After retiring, he continued playing domestically until 2004, but some of his off-field actions often got more attention.
In 2009, Kambli stirred controversy on a reality show, hinting that Sachin could have done more to support him during tough times, which caused tension between the two friends. Over time, they reconciled and remain close.
Reflecting on his career, Kambli cherishes his innings of 224 runs against England at Wankhede Stadium, recalling the strong team he played with, including legends like Anil Kumble.
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Siddaramaiah Critiques ONOE Bill: A Threat to Democracy and State Rights”
On Thursday, Chief Minister Siddaramaiah strongly criticized the Union Cabinet’s decision to introduce the One Nation, One Election (ONOE) Bill. He called this move an attack on our democracy and the way states in India work together. According to him, this decision is a trick to limit the rights of states at a time when we really need to improve our voting system.
Siddaramaiah argued that before passing such an important bill, the Modi government should have talked to other political parties and state governments. He believes the ruling BJP is acting in a dictatorship-like manner by pushing this unfair proposal.
He mentioned that the Kerala government has already said no to the ONOE Bill and has told the central government about its disagreement. If necessary, Siddaramaiah said he would consult with the Congress party leaders and might also pass a similar resolution to show strong opposition against this undemocratic proposal.
Furthermore, he pointed out that the ONOE system does not provide any solutions for problems that arise when the ruling party loses power in elections. In those cases, the right thing to do is to hold new elections. Allowing a party to stay in power even when they no longer have support from most people would be a betrayal of our democratic values.
To make this new voting system work, changes to important laws and several parts of the Constitution would be needed. Siddaramaiah also noted that the current Election Commission does not have the tools or resources needed to run elections at the same time across the whole country.
He concluded that the ONOE proposal is just a distraction from the Modi government’s failures. This is not about making elections better, but rather about gaining more control and harming the democratic spirit of our nation.
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“Keerthy Suresh Marries Antony Thattil in a Stunning Goa Ceremony
Keerthy Suresh is now married! The popular Tamil actress tied the knot with Antony Thattil in a lovely and private ceremony in Goa. She shared the first wedding photos on Instagram, where you can see them putting flowers around each other’s necks while their friends and family celebrated. A priest led the wedding rituals, and they took some adorable pictures, including one with their pet dog. Keerthy wrote, “#ForTheLoveOfNyke” along with her post.
Fans are thrilled for the couple. One fan said, “Very happy for both of you.” Another wrote, “Congrats and wishing you the best in your married life!” Someone else expressed excitement, saying, “Counting down the days until forever begins. Wishing you both a lifetime of love and happiness!”
Before the wedding, Keerthy visited Sri Venkateswara Swamy Temple in Tirupati with her father, who is a producer, and actress Menaka. She shared that this visit was to pray for blessings for two big events: her Bollywood movie debut called Baby John, where she stars alongside Varun Dhawan, and her wedding in December.
Dressed simply in a blue saree, Keerthy told reporters, “I came here to seek blessings for my Hindi film and my wedding.” She also confirmed that the wedding is happening in Goa.
Keerthy started her acting career as a child in the early 2000s and became a lead actor in 2013 with the Malayalam movie Geethaanjali. She has acted in many films like Ring Master, Idhu Enna Maayam, and Mahanati, for which she won the Best Actress National Film Award.
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Bandhan Bank Share Price Drops: What Investors Should Know”
Today, the share price of Bandhan Bank changed as the Sensex, which is a stock market index, went down by 216.24 points. This means that many stocks, including Bandhan Bank, are less valuable right now.
Investors are worried about different things happening in the economy. When the Sensex falls, stocks usually follow. Bandhan Bank’s share price reacted to this change, and it’s important for investors to keep an eye on it.
If the market continues to drop, Bandhan Bank might face more challenges. It’s a good idea for anyone interested in stocks to understand what’s happening in the market and how it affects their investments.
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Indian Market Update: Expert Stock Picks and Insights for Thursday
The Indian stock market is expected to stabilize on Thursday, influenced by mixed signals from global markets. On Wednesday, Nifty futures rose by 0.22%, reaching 24,738 points.
When we look at options trading, the highest number of bets (called Call Open Interest or OI) is at the 25,000 mark, with the next highest at 24,700. For Put options, the highest OI is at 24,600, and the second highest is at 24,000. This means traders are predicting the market will likely move within a range.
According to Chandan Taparia from MOFSL, the active trading zone will likely be between 24,200 to 25,000 points, with immediate focus on 24,400 to 24,800 levels. He mentioned that the index formed a Doji candle on Wednesday, which suggests that the downward trend from the past few days might change.
Taparia advises that if the index stays above 24,550 points, it might rise to 24,700 and then up to 24,850. If it drops, support levels are at 24,500 and 24,400.
Here are some stock recommendations for short-term trading:
– Max Healthcare Institute: Buy at Rs 1,180, Stop Loss at Rs 1,097
– LTIMindTree: Buy at Rs 6,960, Stop Loss at Rs 6,350
– Voltas: Buy at Rs 1,880, Stop Loss at Rs 1,740Kunal Bothra also suggests:
– Jio Financial: Buy at Rs 360, Stop Loss at Rs 330
– Trent: Buy at Rs 7,200, Stop Loss at Rs 6,850
– Voltas: Buy at Rs 1,840, Stop Loss at Rs 1,770Nooresh Merani adds:
– L&T: Buy at Rs 4,200, Stop Loss at Rs 3,780
– Infosys: Buy at Rs 2,150, Stop Loss at Rs 1,920
– Dalmia Bharat: Buy at Rs 2,200, Stop Loss at Rs 1,900(Note: These are suggestions based on expert opinions and do not reflect the views of NiftyStat
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Virat Kohli’s Dismissal Secrets and What India Needs to Improve”
Virat Kohli is one of the best cricketers, but he sometimes gets out in ways that surprise everyone. Here are some of the common ways he gets dismissed and what India can do to get better as a team.
1. Caught Out in the Slip:
Kohli often plays big shots, trying to hit the ball hard. Sometimes, he edges it to the slips, where fielders are waiting. To improve, Kohli should focus on being more patient and choosing the right balls to play aggressively.2. Bowled or LBW:
Sometimes, Kohli misses the ball completely and gets bowled out. Other times, he gets out leg before wicket (LBW) because he doesn’t play defensively when he should. India needs to work on their technique in defending against good fast bowlers to avoid losing wickets like this.3. Caught in the Outfield:
Kohli loves to hit sixes and fours, but sometimes he hits the ball too high and gets caught by fielders. If he works on controlling his shots and picking the right moments to attack, he can stay on the pitch longer.4. Running Mistakes:
In cricket, running between the wickets is very important. Sometimes Kohli ends up getting out because of confusion with his partner on whether to run or stay put. India should practice communicating better on the field to reduce these mistakes.By focusing on these areas—being patient, improving technique, controlling shots, and communicating while running—Kohli and the Indian team can perform even better and win more matches.
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Chennai Schools Closed: Heavy Rain Alert for Tamil Nadu
Today, schools in Chennai and ten other districts of Tamil Nadu are closed because of heavy rain warnings. The India Meteorological Department (IMD) has predicted a lot of rain due to a “well-marked low-pressure area” over the southwest Bay of Bengal.
The districts affected with school closures are Chennai, Villupuram, Thanjavur, Mayiladuthurai, Pudukkottai, Cuddalore, Dindigul, Ramanathapuram, Thiruvarur, Ranipet, and Tiruvallur.
Weather Forecast for Tamil Nadu
The IMD expects light to moderate rain across Tamil Nadu, Puducherry, and Karaikal. However, heavy rain is expected in Ariyalur, Thanjavur, Tiruvarur, and Pudukkottai districts. There may also be isolated thunderstorms and lightning.
An “orange alert” has been issued for heavy rain in Tamil Nadu, Puducherry, Karaikal, Kerala, and Mahe. A “yellow alert” has been issued for rain in Coastal Andhra Pradesh, Yanam, Rayalaseema, and South Interior Karnataka for the next two days.
The IMD reported that the low-pressure area has developed over the Bay of Bengal and is likely to move toward the Sri Lanka-Tamil Nadu coast within the next 24 hours.
Emergency Teams Ready
National Disaster Response Force (NDRF) teams and local emergency teams are on standby to help with any problems caused by the rain. Fishermen are advised not to go out to sea from December 11 to 13.
This isn’t the first time this year that Tamil Nadu has seen heavy rain. In November, schools and colleges in Tiruvarur, Cuddalore, Nagapattinam, and Mayladuthurai districts closed due to similar weather.
Residents are urged to stay inside and follow local safety instructions to stay safe.
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Oil Prices Steady Amid Demand Worries and New Sanctions”
Oil prices didn’T change much in early trading on Thursday. This was because people are worried about weak demand for oil and a surprising increase in gasoline and diesel supplies in the U.S. These concerns overshadowed worries about new European Union sanctions on Russian oil, which might decrease its supply.
Brent crude oil, an important global energy benchmark, was down by 5 cents, sitting at $73.47 a barrel around 1:41 AM GMT. Meanwhile, U.S. West Texas Intermediate crude fell by 11 cents to $70.18. Both types of oil increased by over $1 each on Wednesday.
OPEC, a group that controls much of the world’s oil, lowered its predictions for oil demand growth in 2025 for the fifth month in a row and by a significant amount. Investors are keen to see the upcoming International Energy Agency (IEA) report that will provide insights on the oil market for 2025, which will also reflect OPEC’s recent news, according to analysts from Niftystat.
In the U.S., gasoline and diesel stocks rose more than expected last week. This was reported by the Energy Information Administration, showing that demand is weak, especially in China, the world’s largest oil importer. However, there’s hope that demand from China might increase. This week, Beijing announced plans to have a looser monetary policy in 2025, which could boost oil needs. Additionally, China’s crude oil imports saw their first yearly rise in seven months in November, jumping more than 14% compared to last year.
The market is also watching for any hints about possible interest rate cuts by the U.S. Federal Reserve next week. Prices had increased on Wednesday after European ambassadors agreed on more sanctions against Russia due to its actions in Ukraine. The Kremlin responded by accusing the U.S. of aiming to make relations with Russia even harder. Treasury Secretary Janet Yellen stated that the U.S. is exploring more ways to lower Russia’s oil earnings, suggesting that lower global demand might create chances for new sanctions.
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Gold Trends Upwards as Fed Expected to Cut Rates – Market Insights”
Gold prices went up for the fifth day in a row on Thursday, reaching their highest level in over two weeks. This increase is due to growing hopes that the Federal Reserve will lower interest rates when they meet next week. A recent U.S. report showed that inflation matches expectations, reinforcing these hopes.
– The price of spot gold was around $2,719.79 per ounce, seeing a slight increase of about 0.1%. U.S. gold futures remained steady at $2,755.40 per ounce.
– In November, U.S. consumer prices saw their biggest increase in seven months, but this is not expected to stop the Federal Reserve from cutting interest rates for the third time next week, especially as the job market slows down.
– Traders believe there’s a 98.6% chance of a 25-basis-point cut during the Federal Reserve’s meeting on December 17-18.
– Attention now turns to the U.S. Producer Price Index data coming out at 1330 GMT, which will give more clues about the Fed’s future plans.
– The European Central Bank is also expected to cut interest rates soon and hint at more cuts in 2025, as inflation in the eurozone gets back to its target and the economy struggles.
– Gold is often seen as a safe investment during tough economic times and does well when interest rates are low.
– In other news, the United Nations General Assembly called for an immediate ceasefire between Israel and Hamas in the Gaza Strip and the release of all hostages.
– Citi analysts believe that gold and silver prices could gradually rise over the next 3-12 months, with gold potentially reaching $3,000 per ounce and silver hitting $36 per ounce.
– The SPDR Gold Trust, the largest gold-backed exchange-traded fund, reported a 0.30% increase in its holdings, climbing from 870.79 tonnes to 873.38 tonnes.
– Spot silver also increased by 0.1% to $31.94 per ounce, platinum rose by 0.4% to $943.10, and palladium went up by 0.5% to $986.25.Key Events Coming Up (GMT):
– 1315: EU ECB Refinancing Rate
– 1315: EU ECB Deposit Rate
– 1330: U.S. Initial Jobless Claims
– 1330: U.S. PPI for Machine Manufacturing in November