Tag: thellv

  • 5.3 Magnitude Earthquake Hits Telangana – Tremors Felt, No Damage

    5.3 Magnitude Earthquake Hits Telangana – Tremors Felt, No Damage

    On Wednesday morning at 7:27 AM, a 5.3-magnitude earthquake jolted Mulugu district in Telangana. The quake surprised many residents, who quickly ran out of their homes for safety. Tremors from the earthquake were felt in several nearby districts.

    According to Mulugu’s Superintendent of Police, Shabarish, no major damage has been reported yet. Police teams are currently patrolling the area to assess any impact. The district forest officer, Rahul Jadhav, noted that the shaking was brief, lasting only about 6 to 10 seconds. The epicenter was about 7 kilometers from an area that had already seen fallen trees due to heavy rains. The quake was measured at a depth of 40 kilometers, as recorded by the Bhookamp app.

    Security cameras in Bhadrachalam and Mulugu captured the moment of the tremors. Thankfully, even though the earthquake rattled the region, there were no immediate injuries or major damage.

    Earthquakes like this aren’t very common in Telangana, but there have been a few before. For example, a 4.8-magnitude earthquake hit near Ramagundam in April 2020. Prakash Kumar, a seismologist from CSIR-NGRI, confirmed that the earthquake’s epicenter was in the Medaram area of Mulugu district. He explained that while this earthquake was felt strongly, it wasn’t enough to cause serious problems for buildings and structures. Interestingly, people as far away as Hyderabad, around 250 kilometers from Mulugu, felt the tremors too, but only minor vibrations were experienced there.

  • LTIMindtree Stock Performance & Financial Insights: September 2024

    LTIMindtree Stock Performance & Financial Insights: September 2024

    NEW DELHI: LTIMindtree Ltd. shares were up by 0.21% on Wednesday morning, trading at 10:57 AM (IST). About 703 shares changed hands. The stock opened at Rs 6209.95, reaching a high of Rs 6234.00 and a low of Rs 6150.75 during the day. Currently, LTIMindtree has a 52-week high of Rs 6575.00 and a low of Rs 4518.35. As of this report, its total market value is Rs 182,900.97 crore.

    Key Financials: For the quarter ending September 30, 2024, the company reported net sales of Rs 9731.80 crore, which is a 3.86% increase from the previous quarter and a 7.55% rise from the same quarter last year. The net profit for this quarter was Rs 1251 crore, up by 7.68% compared to last year.

    Shareholding Pattern: As of September 30, 2024, domestic institutional investors (DIIs) owned 5.38% of the company, foreign institutional investors held 7.39%, and the promoters owned 68.6%.

    Valuation Ratio: According to Niftystat, the stock has a price-to-earnings ratio of 39.30 and a price-to-book ratio of 7.30. A higher P/E ratio suggests that investors expect good growth in the future, while the price-to-book value shows what investors are ready to pay even if the business isn’t growing.

    LTIMindtree Ltd. operates in the IT consulting and software industry, specifically in the mid-cap sector.

  • KL Rahul Gears Up for First Day-Night Test Against Australia

    KL Rahul Gears Up for First Day-Night Test Against Australia

    KL Rahul is excited about his role in the upcoming day-night Test match against Australia at the Adelaide Oval. He knows where he will bat, but the team management has asked him to keep it a secret. This is pretty common in cricket, especially since there has been a lot of talk about his batting position now that captain Rohit Sharma is back.

    Rahul didn’t play in the last two Tests against New Zealand because Sarfaraz Khan was performing really well. When he got to play in Perth, he did a fantastic job, scoring 77 runs and helping set a record with his opening partner, Yashasvi Jaiswal. But with Rohit back, he might have to bat lower down the order again, which seems unfair after his great performance.

    Rahul said he had been told early on that he would open the innings when Rohit was on paternity leave. He felt prepared after practicing for it and playing in some practice games. Despite the changing roles in his career, Rahul just wants to play and contribute to the team’s success.

    He understands that batting in different positions can be tough, especially at the start of an innings. However, after playing cricket around the world, he feels more comfortable now. The upcoming match will also be Rahul’s first test with the pink ball, and while it’s different, he believes that with more practice, he will adjust well.

  • BSE Stocks Jump Over 10%: Today’s Highlights!

    BSE Stocks Jump Over 10%: Today’s Highlights!

    NEW DELHI: On Wednesday, many stocks saw big increases of more than 10% on the BSE (Bombay Stock Exchange). This happened as the two main stock market indicators, BSE Sensex and NSE Nifty, were doing well, especially with top companies doing great. The stocks that jumped by over 10% include Indo Amines (up 13.38%), Bang Overseas (up 13.23%), Niva Bupa Health Insurance (up 12.77%), HEG (up 11.21%), Wonderla Holidays (up 10.99%), Vippy Spinpro (up 10.55%), Zim Laboratories (up 10.51%), and Syschem (India) (up 10.17%).

    The 30-share Sensex rose by 332.03 points to reach 81,177.78, while the 50-share Nifty index went up by 89.4 points to hit 24,546.55. In the Nifty 50 index, 29 stocks went up in value, while 21 stocks fell. Some stocks like Venmax Drugs & Pharmaceuticals, Bang Overseas, Niva Bupa Health Insurance, HEG, and Delton Cables reached their highest values in the past year. Meanwhile, Grandma Trading, Capital Small Finance Bank, Sanwaria Consumer, Amarnath Securities, and Aki India hit their lowest points in a year.

  • Sugar Stocks Surge: Market Highlights You Can’t Miss!

    Sugar Stocks Surge: Market Highlights You Can’t Miss!

    On Wednesday morning, sugar company shares were doing well. Bannari Amman Sugars Ltd. saw a big boost, rising by 5.22%. Other companies like EID Parry and Sakthi Sugars also increased, with gains of 2.15% and 0.95%, respectively.

    A few companies did not perform as well. Balrampur Chini Mills saw a drop of 3.15%, and Simbhaoli Sugars fell 2.13%.

    At around 10:09 AM, the NSE Nifty50 index was up by 100.25 points, reaching 24557.4. The BSE Sensex was up 378.35 points, sitting at 81224.1.

    In other news, companies like SBI Life Insurance and HDFC Life Insurance were among the top gainers, both increasing by around 2%. However, some companies like Cipla and Bharti Airtel saw their shares decline.

  • Gunshots Fired at Golden Temple: Akali Leaders Under Fire During Service

    Gunshots Fired at Golden Temple: Akali Leaders Under Fire During Service

    On Wednesday, there was a shocking incident at the Golden Temple in Amritsar, Punjab, where bullets were fired. This happened while leaders of the Shiromani Akali Dal (SAD), including Sukhbir Singh Badal, were doing a service known as ‘seva’ as part of a punishment given by Sri Akal Takht Sahib.

    The police arrested a man named Narain Singh Chaura, who tried to shoot Sukhbir Singh Badal. Chaura, a former militant, has been involved in many criminal cases and had been hiding from the law. At the time of the shooting, he was standing very close to Badal. Thankfully, a helper (called a ‘sewadar’) pushed Chaura’s hand up just in time, preventing the bullet from hitting Badal.

    Sukhbir Singh Badal was at the Golden Temple to fulfill a religious punishment after the Sikh leaders said he needed to serve. He was in a blue ‘sewadar’ uniform and used a wheelchair because of a broken leg. Alongside him was another senior leader, Sukhdev Singh Dhindsa, also in a wheelchair due to age, working to show they were serving their ‘tankhah’ (punishment). They cleaned and washed dishes for one hour as part of their duty. Other leaders, like former ministers Bikram Singh Majithia and Daljit Singh Cheema, also helped by cleaning and washing utensils.

    Small signs were hung around Badal and Dhindsa’s necks that explained their “mistakes.” This punishment was given for errors made during the Shiromani Akali Dal government’s time from 2007 to 2017.

  • India’s Inflation: Why Rural Spending Keeps Prices High in 2024

    India’s Inflation: Why Rural Spending Keeps Prices High in 2024

    A new report from the State Bank of India (SBI) says that consumer prices in India will likely stay above 5% for the rest of 2024. Even though vegetable and protein prices went down a lot in November, food prices are still high because people in rural areas are still buying a lot of food.

    The report points out that in rural areas, food is a big part of what people spend their money on. This means that food prices may stay high for a while. In October, the retail inflation rate was 6.21%, which is more than what the Reserve Bank of India (RBI) wants, which is 6%. This jump in inflation is mainly because of rising food prices, which have increased sharply over the past three months.

    The report also mentions that around 40% of India’s inflation is influenced by imported goods. This makes it harder for the RBI to raise interest rates because it wants to keep inflation down. On top of that, government programs that give money directly to people have helped rural families buy more essential goods, as their income has improved.

    However, even though the rural economy is strong, it can’t make up for the drop in spending in cities. Urban consumers are spending less because they no longer have the extra savings they built up during the pandemic.

    In summary, the Indian economy is in a mixed situation. Rural areas are doing okay, which helps with inflation, but city spending is still lagging behind.

  • Top Stock Picks: JSW Infra, GAIL, and Supreme Industries

    Top Stock Picks: JSW Infra, GAIL, and Supreme Industries

    Brokerages are feeling positive about JSW Infrastructure, GAIL India, and Supreme Industries. They see strong growth opportunities and good value in these stocks.

    JSW Infrastructure: Investec has recommended buying shares of JSW Infrastructure with a target price of Rs 370, which means a potential rise of 15% from the current price of Rs 321. They believe that this company can grow its revenue significantly because of strong demand for its services over the next few years. The growth is expected from more cargo being handled at their new terminal and help from the JSW Group. The government’s push for privatizing ports also opens up new chances for the company. Also, JPW’s long-term contracts give it a solid outlook for the future. Even though the stock is priced higher than some others, Investec thinks it’s worth it due to the company’s strong growth potential.

    GAIL India: Jefferies has rated GAIL India as a good buy, with a target price now at Rs 235, which gives a potential 17% rise from the current price of Rs 200. Jefferies believes that the demand for gas in India will remain strong, thanks to new local sources, LNG contracts, and better pipeline connections. They think GAIL can grab a bigger share of the gas transmission market once two new pipelines start working in FY26. If GAIL can increase prices soon, their business could see a boost. The expected earnings growth looks good too, making the stock appealing.

    Supreme Industries: Jefferies has also given a buy rating for Supreme Industries, setting a target price of Rs 6,450, suggesting a potential rise of 35% from the current price of Rs 4,763. The company is expecting to sell over 20% more products soon due to seasonal demand and new projects. They also plan to increase their production capacity by 13% by March 2025. Additionally, a recent price rise in PVC (a key material for their products) gives Supreme Industries a brighter outlook. Jefferies sees this company as a solid choice in plumbing, agriculture, and infrastructure, predicting strong earnings growth in the coming years.

    (With insights from NiftyStat)

    (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)

  • Byju’s Executives Face Major Fines Amid Bankruptcy Crisis

    Byju’s Executives Face Major Fines Amid Bankruptcy Crisis

    Byju’s, a well-known Indian tech company, is in serious trouble. Vinay Ravindra, the chief content officer, and his ally Rajendran Vellapalath are facing big financial penalties in the US. A judge is looking into their actions of taking money and assets from companies that are under court control.

    Last Tuesday, a judge named John T. Dorsey said he might make Ravindra and Vellapalath prove why they shouldn’t be punished for their actions. If they can’t explain themselves, they might have to pay a lot of money in fines. Byju’s owes over $1.2 billion to lenders and bought two US education companies for $820 million a while ago.

    Byju’s founder, Byju Raveendran, is dealing with bankruptcy in India after failing to pay US lenders. A Nebraska businessman named William Hailer shared that he spent months trying to help Raveendran regain control of Byju’s US software companies. However, the attempt failed, and he ended up accusing Raveendran of using bad business practices.

    The lenders want the judge to punish Ravindra, Vellapalath, and Vellapalath’s tech company, Voizzit, for allegedly taking more than $1 million in cash and valuable resources from the US education companies, Epic! Creations and Tangible Play.

    Vellapalath joined the court hearing via video from Dubai. He claimed that Voizzit owned Epic! and Tangible Play, and since Voizzit loaned Byju’s over $100 million in 2023, it had the right to take control. However, the judge did not find his explanation believable.

    Byju Raveendran is trying hard to take back control of his struggling education tech company. Meanwhile, he faces accusations of hiding $533 million that should have been paid to creditors. Byju’s is also dealing with financial problems in India, where a court expert is trying to find ways to pay back the lenders.

  • Google’s New AI Tools: Your Shield Against Online Scams and Threats

    Google’s New AI Tools: Your Shield Against Online Scams and Threats

    Google is working hard to make its AI (artificial intelligence) tools available in all its apps and services. Soon, they will help warn you if you visit a dangerous website or download a file that could contain a virus.

    With so many cybercrimes happening, it’s becoming tricky for people to stay safe online. These new AI features are being tested and will likely be part of the next updates for Google Chrome.

    How Google AI Will Help You Avoid Scams

    Online scams are on the rise, and Google wants to use its power to help you stay safe. Their new AI feature will offer real-time protection against harmful websites and any files you download.

    A recent attack called the wedding card scam shows just how important this is. Google has the ability to make a difference and help people like you avoid getting scammed.

    Additionally, Google wants to help you understand which websites are safe. You’ll be able to easily access information about the trustworthiness of websites. They will provide details using support from services like Trust Pilot, Scam Advisor, and Google itself.

    Google also has a feature called Play Protect in the Play Store. This ensures you are protected against harmful apps that you might accidentally download on your Android phone. They are also changing their approach to allow users to sideload apps, which is a special feature of open-source platforms.

    Stay tuned for these exciting updates—it’s all about keeping you safe online!