Tag: all

  • Stock Market Bounces Back: Key Updates on Major Companies

    Stock Market Bounces Back: Key Updates on Major Companies

    Today, the stock market enjoyed a recovery, with stocks up over 1% after a short break. Here are some key companies to watch due to recent news:

    Mishtann Foods: The government’s financial watchdog, Sebi, has asked Mishtann Foods to return nearly Rs 100 crore. This money was said to be misused in questionable deals with related businesses.

    Canara Bank: The Reserve Bank of India (RBI) has approved Canara Bank to sell parts of its stake in Canara Robeco AMC and Canara HSBC Life. They plan to reduce their ownership by 13% and 14.5% respectively through an IPO (Initial Public Offering).

    Spandana Sphoorty: The credit rating agency Icra has changed Spandana Sphoorty’s outlook from stable to negative, though their ratings remain at ICRA A+.

    Nykaa: Nykaa announced that Nihir Parikh has stepped down as the CEO of Nykaa Fashion, effective December 5.   Dr. Reddy’s Laboratories: This company reported that the Kazakhstan revenue authority slapped a fine of Rs 28.7 lakh on its subsidiary.

    – ABFRL (Aditya Birla Fashion and Retail): The company revealed in a notice that it received a GST demand for Rs 2.45 crore.

    – Ola Electric: The Central Consumer Protection Authority has requested more documents from Ola Electric regarding a show cause notice linked to over 10,000 complaints.

    – Afcons Infrastructure: The company has successfully completed the longest tunneling project for the Delhi Metro Rail Corporation in Phase 4 of the Delhi Metro.

    – Ramco Systems: Ramco has teamed up with Hanjin Information Systems to help Korean aviation companies improve their Maintenance and Engineering (M&E) services.

  • Market Update: Volatility Ahead of RBI Policy Decision

    Market Update: Volatility Ahead of RBI Policy Decision

    On a bumpy Thursday, our domestic markets ended the day higher, getting ready for a big announcement from the Reserve Bank of India (RBI). Today, we expect markets to remain unpredictable as traders await the RBI’s policy decisions. They think the markets will likely keep going up, even if it starts off shaky on Friday morning.

    Market Trends: What to Watch For
    – Short-term Outlook: As long as the market stays above 24,300 points, it looks promising. Traders might consider buying when prices dip. If things go well, the index could reach 25,000 soon!
    – Fear Index: The India VIX, which shows how scared or confident investors are, went up slightly by 0.54% to a level of 14.53.

    Stocks to Keep an Eye On:
    1. Granules
    2. Manappuram

    These stocks are currently in a special ban period because they’ve hit a certain trading limit.

    Currency Update:
    The Indian Rupee bounced back from its lowest point, ending the day up by 3 paise at 84.72 against the US dollar after a day of steady trading.

    Buying and Selling:
    Foreign investors were active, buying shares worth ₹8,539 crore on Thursday, while domestic investors sold shares worth ₹2,304 crore.

    Foreign Investment Summary:
    The amount of money foreign investors are betting against Indian stocks dropped from ₹82,563 crore on Wednesday to ₹45,397 crore on Thursday.

    (Disclaimer: The views expressed are of the experts and do not represent the views of NiftyStat.)

  • Mexico’s Plan to Handle U.S. Deportations Effectively

    Mexico’s Plan to Handle U.S. Deportations Effectively

    Mexico’s President, Claudia Sheinbaum, says she wants to make an agreement with U.S. President-elect Donald Trump. This agreement would help Mexico avoid taking in people deported from countries other than Mexico, in case many people are sent back from the U.S. Trump has promised to crack down on illegal immigrants, with his running mate suggesting they might deport a million people each year.

    Mexico has been important in helping the U.S. with immigration. The country has been accepting migrants from places like Cuba, Haiti, Nicaragua, and Venezuela, where it’s hard for the U.S. to send people back. The Trump team has talked about possibly sending these migrants to other countries if their home countries won’t take them back. Some options mentioned include Panama, the Bahamas, and Grenada. However, the Bahamas has already said “no” to such requests.

    While it’s uncertain if Mexico will outright refuse migrants from other countries, Sheinbaum expressed her hope that an agreement can be reached with the Trump administration. “We want to send people back to their home countries,” she said. She emphasized that, while Mexico supports all people, the focus is on helping Mexicans.

    Many Mexicans live in the U.S. without proper documents. Mexican officials are preparing for a large number of Mexicans being sent back to their country after Trump takes office. Sheinbaum believes these deportations are not needed and highlights the positive contributions of Mexican workers to the U.S. economy.

    Meanwhile, Mexico’s Foreign Minister, Juan Ramon de la Fuente, is in the U.S. to check on immigration processes and make sure that the rights of returning Mexicans are respected.

  • U.S. Defense Secretary Cancels South Korea Visit Amid Political Turmoil

    U.S. Defense Secretary Cancels South Korea Visit Amid Political Turmoil

    U.S. Defense Secretary Lloyd Austin has decided not to go to South Korea anymore. This comes after South Korean President Yoon Suk Yeol made a big mistake trying to declare martial law this week. Two U.S. officials told Reuters about this change, saying that while plans for the visit were being made, it was decided that now was not a good time for the trip. They also mentioned that they spoke with South Korea about changing the plans.

    Austin plans to leave his job by January 20, when President-elect Donald Trump takes over. President Yoon’s decision to enforce martial law earlier this week aimed to take more control, limit political activities, and control the media. This upset many people and raised worries among South Korea’s allies.

    South Korea’s Defense Minister, Kim Yong-hyun, who suggested the martial law plan, has stepped down. To help his political career, Yoon accepted Kim’s resignation and has chosen Choi Byung-hyuk, the ambassador to Saudi Arabia, as the new defense minister.

    The United States keeps 28,500 troops in South Korea, a leftover from the Korean War fought from 1950 to 1953. General Paul LaCamera, who leads U.S. Forces-Korea, advised American soldiers to stay alert, avoid protest areas, and inform their superiors about any travel plans in case something unexpected happens.

  • Odisha FC vs Mumbai City FC: Goal-less Draw in Indian Super League Match

    Odisha FC vs Mumbai City FC: Goal-less Draw in Indian Super League Match

    Odisha FC and Mumbai City FC played a match that ended without any goals on Thursday in the Indian Super League. This was the first time in 10 home games that the Juggernauts didn’t score.

    The match started well for Odisha FC as they attacked right away. Their strong forwards often create chances to break through their opponents’ defense. In the ninth minute, Diego Mauricio picked up the ball, turned quickly, and tried a long shot, but it missed the goal. Even though he didn’t score, his attempt reminded Mumbai City’s defense to stay alert.

    Mumbai City FC responded with some good attacks, especially early in the second half. In the 48th minute, Vikram Partap Singh and Nikolaos Karelis worked well together inside the box, but Odisha goalkeeper Amrinder Singh stopped Karelis’s shot just in time.

    Mumbai City realized they were gaining momentum and kept attacking. Manzorro played a big role, using his creativity to help his team. Just five minutes later, he made a great pass to Jayesh Rane, who took a strong shot that Amrinder saved again.

    Both teams kept fighting for the win, bringing in fresh players like Raynier Fernandes and PN Noufal in the 73rd and 81st minutes, but they both focused on defense. As a result, the match ended in a draw, with both teams earning one point.

  • Allu Arjun’s Pushpa 2 Shatters Records with Rs 172.1 Crore Opening Day!

    Allu Arjun’s Pushpa 2 Shatters Records with Rs 172.1 Crore Opening Day!

    Superstar Allu Arjun has done something amazing in Indian cinema! His new action-drama movie, Pushpa 2: The Rule, broke all records on its very first day. The movie, which is a sequel to the 2021 hit Pushpa: The Rise, made an incredible Rs 172.1 crore on its opening day across all languages in India. This makes it the biggest opening for any Indian film ever!

    Pushpa 2 not only beat RRR (which earned Rs 156 crore on its first day) but also became the first Indian film to earn more than Rs 50 crore in both Telugu and Hindi languages on the same day. The movie had an amazing 80.14% occupancy in Telugu cinemas and 51.53% in Hindi cinemas when it came out on December 5, 2024.

    With Pushpa 2: The Rule, Allu Arjun is clearly the star of 2024! The film continues the exciting story of Pushpa Raj, played by Allu Arjun, who is a red sandalwood smuggler facing new challenges. Fahadh Faasil returns as the scary SP Bhanwar Singh Shekhawat, and Rashmika Mandanna is back as Srivalli. Newcomer Jagapathi Babu adds even more excitement to the cast.

    The action-packed sequel has received a lot of praise from fans and critics. News18 Showsha gave it a perfect score of 5 out of 5, calling it “an adrenaline-pumping ride that proves Allu Arjun is the go-to star of 2024.” The review loved Sukumar’s great direction and highlighted the fantastic performances by Allu Arjun and Fahadh Faasil.

    The first movie, Pushpa: The Rise, released during the pandemic in 2021 and became a global hit with a total collection of Rs 326.6 crore. It also won Allu Arjun his first National Award for Best Actor. With the success of Pushpa 2, the franchise is setting up for an even bigger box office performance!

  • Bangladesh Removes Bangabandhu from Currency Notes Amid Protests

    Bangladesh Removes Bangabandhu from Currency Notes Amid Protests

    The temporary government in Bangladesh, led by Muhammad Yunus, is changing the money in the country. They announced that images of Sheikh Mujibur Rahman, the father of former Prime Minister Sheikh Hasina, will be taken off the 20, 100, 500, and 1,000 Taka notes.

    Instead of “Bangabandhu” Sheikh Mujibur Rahman’s picture, the new notes will show religious buildings, Bengali traditions, and symbols from the protests that happened in July.

    An official from Bangladesh Bank, Husneara Shikha, shared that the new notes should be ready in about six months. She hopes they will be available in stores during that time. In September, the Finance Ministry presented their ideas for the new designs.

    The first changes will be made to these four banknotes, and other denominations will be changed later. The protests in July started when students demanded better job quotas but turned into larger protests against the government. During these protests, some people damaged statues and pictures of Sheikh Mujibur Rahman.

    Unfortunately, some radical groups took advantage of the protests, destroying memorials and statues of “Bangabandhu” across the country.

  • UGC Introduces Flexible Degree Durations and Multidisciplinary Learning

    UGC Introduces Flexible Degree Durations and Multidisciplinary Learning

    New Rules for College Degrees: Students Can Choose How Long to Study!

    Big changes are coming for students who want to go to college in India! The University Grants Commission (UGC) has introduced new rules that give students more choices about their degrees.

    Now, students can finish their undergraduate (UG) degrees in either a shorter time or a longer time. This means if you study a lot, you can complete your degree faster! There are two choices: the Accelerated Degree Program (ADP) lets you finish quickly, while the Extended Degree Program (EDP) allows more time if you want it. Students can select which program they prefer by the end of their first or second semester.

    The new rules also say that no matter what you studied in high school, you can take any subject in college as long as you pass the entrance test. Students can apply twice a year for college: in July-August and January-February.

    Here are some key points about the new rules:
    – Students need to earn at least 50% of their credits in their major subject. The other half can be from skill courses or other subjects.
    – A UG degree can take three to four years, and a PG degree can take one to two years.
    – Colleges can allow a maximum of 10% of students to join the ADP, but there is no limit for EDP.
    – The UGC wants to make education more flexible so that students can learn better and have more opportunities for different careers.

    This is an exciting change, as it helps students develop skills in many areas and learn at their own pace!

  • India’s Strategy for Balanced Trade with China: Minister Jaishankar’s Insights

    India’s Strategy for Balanced Trade with China: Minister Jaishankar’s Insights

    India’s External Affairs Minister, S. Jaishankar, recently said that India should handle its business with China carefully. This is important because of the challenging political relationship between the two countries over the last four years. Jaishankar mentioned that while India can still do business with China, it should not rely too much on them for supplies.

    He pointed out that there’s been some progress in easing tensions along the border, but much more needs to be discussed. “We don’t want to just be a market for another country and get flooded with their cheaper goods,” he stated, stressing the importance for small businesses in India, known as MSMEs, to stay competitive.

    India must also remember that China is a major player in global manufacturing. However, Jaishankar warned against depending too much on a single country for supplies, which could hurt various sectors in India.

    Additionally, Jaishankar talked about the ongoing issues in the political relationship with China. He noted that the situation has improved slightly and discussions on future cooperation are necessary. The military standoff that began in 2020 affected the ties between the two nations. After negotiations led to a deal on disengagement, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping met to discuss ways to normalize relations.

    Jaishankar also expressed that India is in a strong position to work closely with the new US administration under Donald Trump. He believes India can build an even better relationship, focusing on mutual interests.

    He mentioned the challenges in India’s trade with Russia, stressing that India needs better access to Russian markets, especially for exports like pharmaceuticals and agricultural products. Although trade with Russia has increased significantly, India is pushing for its exports to be valued more fairly.

  • Delhi Schools Resume In-Person Classes as Air Quality Improves

    Delhi Schools Resume In-Person Classes as Air Quality Improves

    On Thursday, the Directorate of Education announced that all government and private schools in the capital city can return to regular classroom learning. This decision was made after the Supreme Court changed air quality rules to a less strict level, allowing for normal activities again.

    The Supreme Court told the Commission for Air Quality Management that if the air quality index (AQI) goes above 350 or 400, they should quickly bring back tougher measures. The court will keep an eye on how these air quality rules are applied in the city.

    The Directorate of Education’s notice stated that all types of schools—government, government-aided, and private—were previously told to switch to online classes starting from November 17. However, this order is no longer in effect. Now, all schools must conduct classes in-person immediately. School leaders must also inform students, teachers, and parents about this change.

    On Thursday, the air quality in the capital improved, with an AQI recorded at 161, which is in the ‘moderate’ range. For context, an AQI from 0 to 50 is ‘good’, 51 to 100 is ‘satisfactory’, 101 to 200 is ‘moderate’, 201 to 300 is ‘poor’, 301 to 400 is ‘very poor’, and 401 to 500 is ‘severe’.

    Online classes were introduced on November 17 due to dangerously poor air quality, but high school students in Grades 10 and 12 were also moved online on November 18.

    When air quality was rated at ‘severe plus’, some strict rules were set in place, like limiting diesel vehicles to those carrying important goods only. Other trucks and light commercial vehicles were prevented from entering the city unless they used cleaner fuel.

    Similarly, offices in the Delhi NCR region were asked to run at half capacity, meaning half the employees worked in the office, while the others worked from home. Many businesses followed this advice.

    Now that the situation has improved with the air quality, the restrictions have eased, but the use of coal and firewood, like in restaurants or open eateries, is still not allowed.