Dr Reddy's Labs Q2 Results: Healthcare major Dr Reddy's on Tuesday reported 15% drop in its consolidated net profit at Rs 1255 crore in the second quarter. It was Rs 1480 crore in the year-ago quarter.
An Iranian student removed her clothes at Tehran's Islamic Azad University. The government called her a "troubled individual" and sent her to a treatment center. Social media saw it as a protest against Iran's strict dress codes. This incident follows widespread protests in 2022 after Mahsa Amini died in custody for allegedly violating hijab rules.
India and China have successfully implemented disengagement agreements along the Line of Actual Control (LAC), marking a positive step towards easing border tensions. Both countries' foreign ministers and national security advisors are slated to meet to discuss further de-escalation measures.
The Nifty Bank index closed 1.94 per cent at 52207.25.
A Bengaluru consumer court ordered Dil Mil Matrimony to refund Rs 30,000 to a man. The company also has to pay Rs 30,000 as compensation. The company failed to provide any suitable matches for the man's son. The man paid the company Rs 30,000 to find a match for his son within 45 days.
Brooklyn McCasland, a 23-year-old woman, lost vision in one eye after contracting a rare parasitic infection, acanthamoeba keratitis (AK), while swimming with contact lenses. Initially misdiagnosed, the infection worsened, causing severe pain. Treatment, available only in the UK, is ongoing, but her recovery remains uncertain. McCasland's case highlights the risks associated with contact lens use, particularly while swimming.
“The aspiration would be looking at places like Bangalore, Chennai or Hyderabad, where industries are there so that they do not have to make equipment for testing all over the country, because that itself otherwise becomes a challenge,” said AK Bhatt, director general, Indian Space Association (ISpA).
A Hindu priest in Kamala Harris' ancestral village in India conducted prayers for her victory. Villagers and tourists attended the ceremony. They offered flowers, bananas, and chanted. Harris' name is engraved on a donation stone at the temple. A local politician erected a banner wishing her success. The village previously celebrated her Vice President inauguration.
Tax authorities have uncovered approximately 18,000 fraudulent companies registered under GST, resulting in an estimated tax evasion of Rs 25,000 crore. These fictitious entities were identified during a nationwide crackdown on fake GST registrations, with voluntary payments of Rs 70 crore collected during the operation.
The NSE Nifty index closed 217.96 points up at 24213.3
Maharashtra BJP chief Chandrashekar Bawankule announced that the party will suspend rebels who didn't withdraw their nominations by the deadline for six years. The BJP managed to persuade some rebels, including former MP Gopal Shetty, to withdraw their candidacies. The party is analyzing the situation and will take action against those who chose to remain as rebel candidates.
India's Union Minister Pralhad Joshi addressed the International Solar Alliance conference, emphasizing the need for increased efficiency, cost reduction, and energy storage solutions in solar projects. Joshi highlighted India's progress in solar energy, citing the PM Surya Ghar Muft Bijli Yojana scheme's job creation potential and the country's efforts to train youth in rooftop solar installation.
In the Nifty 50 index, 39 stocks ended in the green, while 11 stocks closed in the red in today's trade.
The firm added that the Bengaluru center has consistently grown since 2012, delivering innovative solutions across semiconductor, healthcare, technology, logistics, hi-tech, retail, and BFSI sectors. Across India, the IT firm has around 20,000 employees. Globally, the firm has more than 30,000 employees.
Indian benchmark indices, Sensex and Nifty, closed higher in a volatile trading session, driven by gains in heavyweight financial stocks. Investors showed interest in undervalued financial shares ahead of the US presidential election results.
Long unwinding occurs when investors sell positions or stocks they've held for a longer time, either to lock in profits or in anticipation of a downturn. During Tuesday's trading session, five stocks experienced long unwinding.
Equatorial Guinea Videos: Baltasar Ebang Engonga, the head of Equatorial Guinea's financial crime agency, is facing a scandal. Authorities investigating Engonga for fraud reportedly found over 300 explicit videos on his computer. The videos allegedly show Engonga with various women, including his brother's wife and the President's sister. The Attorney General's Office is investigating the leak and potential health risks.
India's Parliament will convene for its winter session from November 25 to December 20, 2024, encompassing 21 sittings. Key topics on the agenda include the Waqf (Amendment) Bill and updates on the India-China border situation. The session's outcome could be influenced by the results of assembly elections in Maharashtra and Jharkhand.
Short covering occurs when traders repurchase shares they had previously sold short, typically in response to changing market sentiment or new information.
Speaking at the healthcare event, Ficci Heal 2024, organised by the Federation of Indian Chamber of Commerce and Industry on Tuesday, NITI Aayog member VK Paul said the government is building the entire primary healthcare system which will be future ready and will serve our nation’s journey to Viksit Bharat by 2047.
Foreign banks were spotted bidding for dollars, likely on behalf of custodial clients, while dollar offers from state-run banks kept a lid on the rupee's losses, traders said
Indian billionaire and IndiGo co-founder Rakesh Gangwal has been appointed Chairman of Southwest Airlines. Gangwal, who recently invested USD 108 million in Southwest, takes the helm following the airline's settlement with Elliott Investment Management. His focus will be collaborating with the management team to enhance the airline's financial performance.
The investment objective is to provide current income with low risk and high liquidity by maintaining a portfolio primarily of Tri-Party Repos on Government Securities, T-bills, and Repos & Reverse Repos