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https://www.moneycontrol.com/news/india/risod-election-2024-all-about-the-constituency-party-wise-candidates-past-winners-and-more-12869101.html

Risod Election 2024: All about the constituency, party-wise candidates, past winners and more

Congress' Amit Subhashrao Zanak is eyeing his third consecutive win from Risod. (Courtesy: X | Ameet Subhashrao Zanak @ameetzanak).Related stories.

One of the 288 constituencies of Maharashtra, Rishod is located in Washim district. The assembly constituency, which votes on November 20, is part of Akola Lok Sabha constituency along with five other assembly segments of Akot, Balapur, Akola West, Akola East and Murtizapur. Constituency number 33 for the Maharashtra Legislative Assembly, Rishod was formed in 2008. The Rishod assembly constituency has been a Congress bastion, with the grand old party emerging victorious in all three Maharashtra elections - 2009, 2014 and 2019. Who are the key contenders? The Congress has once again fielded Amit Subhashrao Zanak, who has been representing the constituency since 2014. While Shiv Sena (Eknath Shinde faction) has nominated Bhavana Pundlikrao Gawali from Rishod for the November 20 elections, Anantrao Deshmukh is fighting the polls as an Independent candidate. Deshmukh was associated with the Congress party from 1974 to 2009 and 2013-2019. He contested election independently from Risod in 2019 but did not taste success. Rishod constituency: Past election results In the 2019 Maharashtra assembly elections, Congress' Amit Subhashrao Zanak won the seat defeating Independent candidate Anantrao Vitthalrao Deshmukh. Shiv Sena had fielded Sanap Viswanath Ashruji. Rishod, which is a general category assembly seat, recorded 67.92% voter turnout in the 2019 Maharashtra assembly election. Zanak, as a Congress candidate, had emerged victorious in the 2014 assembly election as well. The Rishod assembly constituency was represented by Amit Subhashrao Zanak's father Subhash Zanak from 2009 to 2013. The latter passed away in October 2013 due to cardiac arrest. 2024 Rishod election & results dates The Congress and Shiv Sena (UBT) are constituents of the MVA along with the NCP (Sharadchandra Pawar). The opposition bloc is locked in a close fight with the ruling Mahayuti front in the elections to the 288-member assembly on November 20. Votes will be counted three days later, on November 23.

2024-11-17 23:50

2024-11-17

23:50

moneycontrol.com

https://www.moneycontrol.com/news/india/tasgaon-kavathe-mahankal-election-2024-all-about-the-constituency-party-wise-candidates-past-results-and-more-12869095.html

Tasgaon Kavathe Mahankal Election 2024: All about the constituency, party-wise candidates, past results and more

Tasgaon-Kavathe Mahankal, one of the eight Assembly constituencies located in the Maharashtra's Sangli district, will go to poll on November 20, 2024. (AFP file photo).Related stories.

Tasgaon Kavathe Mahankal Maharashtra Assembly Election 2024 Latest Updates:Stage is set for the Maharashtra Assembly Elections, which are scheduled to be held on November 20,2024. Tasgaon-Kavathe Mahankal, one of the eight Assembly constituencies in the Sangli district of Maharashtra, will go to poll along with 287 other constituencies in the single-phase polls on Wednesday. The Assembly seat of Tasgaon Kavathe Mahankal  encompasses the Tasgaon and Kavathe Mahankal tehsils of the district and forms part of the Sangli Lok Sabha constituency, which also includes five other Assembly constituencies: Miraj, Sangli, Palus-Kadegaon, Khanapur, and Jat. Back in the 2019 Maharashtra Assembly elections, Suman Patil of the Nationalist Congress Party (NCP) emerged victorious in Tasgaon-Kavathe Mahankal, securing 128,371 votes. She defeated Ajitrao Shankarrao Ghorpade of the undivided Shiv Sena (SHS), who received 65,839 votes. In the 2014 elections, the seat was also won by the NCP, with RR Patil garnering 108,310 votes. During that election, Ajitrao Shankarrao Ghorpade, who then contested under the banner of the Bharatiya Janata Party (BJP), polled 85,900 votes. In 2009, RR Aba Alias Raosaheb Ramrao Patil of undivided NCP had won the seat. As the poll results show, this has been the bastion of the NCP in the last three terms. But with two new factions in the foray, it will be interesting to see if Sharad Pawar has hold over the seat or nephew Ajit Pawar can make a difference. Tasgaon Kavathe Mahankal: What’s the seat-sharing formula in Maharashtra Election 2024 The ruling Bharatiya Janata Party (BJP) is contesting the upcoming Maharashtra state elections in alliance with the Shiv Sena (Shinde faction) and the Nationalist Congress Party (NCP - Ajit Pawar faction) under the Mahayuti Alliance. As per the alliance's seat-sharing arrangement, the BJP will contest 148 Assembly seats, while the Shiv Sena will field candidates in 80 constituencies, and the NCP will compete in 53 seats. On the other hand, the Congress is part of the Maha Vikas Aghadi (MVA) alliance, which also includes the Shiv Sena (Uddhav Balasaheb Thackeray faction) and the NCP (Sharad Pawar faction). Within the MVA, the Congress will contest 101 seats, the Shiv Sena (UBT) will field candidates in 94 constituencies, and the NCP (SP) will compete in 88 seats. Interestingly, in as many as 85 constituencies across Maharashtra, voters will witness direct contests between rival factions of the NCP, making it Pawar vs. Pawar, and rival factions of the Shiv Sena, leading to a Sena vs. Sena scenario. This unique electoral dynamic adds a layer of complexity and intrigue to the state elections.

2024-11-17 23:35

2024-11-17

23:35

moneycontrol.com

https://www.moneycontrol.com/news/india/eight-naxals-planning-attack-on-security-forces-held-in-chhattisgarh-12869100.html

Eight Naxals planning attack on security forces held in Chhattisgarh

Security personnel seized three tiffin bombs, wires, and other materials from Joga Madvi, Deva Sodhi, Guddi Madvi, Chula Hemla, Sukla Sodhi, Payki Madkam, Sukka Kunjam and Malla Midiyam..

Eight lower-rung Naxalites were arrested and explosives seized from them in Bijapur district of Chhattisgarh, police said on Sunday. The arrested cadres were planning to plant an IED between the Usoor- Tekmetla route to target security forces. They were apprehended on Saturday by security personnel between the Usoor and Tekmetla villages during an anti-Naxal operation by the District Reserve Guard and the local police, an official said. Security personnel seized three tiffin bombs, wires, and other materials from Joga Madvi, Deva Sodhi, Guddi Madvi, Chula Hemla, Sukla Sodhi, Payki Madkam, Sukka Kunjam and Malla Midiyam. Notably, Naxalites are facing severe backlash in Chhattisgarh as security forces have launched a relentless campaign to eradicate the Left Wing Extremism from the CPI (Maoist) strongholds. A day before, five Naxalites were killed and two security personnel injured in an anti-insurgency operation in the Bastar region, taking the toll of Naxalites killed in separate encounters this year to 197.

2024-11-17 23:33

2024-11-17

23:33

moneycontrol.com

https://www.moneycontrol.com/news/india/india-has-stepped-out-of-its-comfort-zone-embracing-innovation-and-creating-new-pathways-for-progress-pm-modi-12869099.html

India has stepped out of its comfort zone, embracing innovation and creating new pathways for progress: PM Modi

PM Modi receives ceremonial welcome at Presidential villa in Nigeria's Abuja.Related stories.

Prime Minister Narendra Modi on Sunday said that India has stepped out of its comfort zone, embracing innovation and creating new pathways for progress, which have become hallmarks of its identity. Addressing the Indian diaspora in the Nigerian capital, Modi also said that India has embarked on a new journey, and the goal is – to build a 'Viksit Bharat' – as he outlined his government's achievements during the last ten years. Modi, who began his speech with "Sannu, Nigeria", which translates to "Hello", said this was his first visit to Nigeria as Prime Minister, but he did not come alone. "I have brought with me the fragrance of Indian soil and many good wishes for all of you on behalf of crores of Indians," Modi said. Highlighting the achievements of his government, Modi said India has stepped out of its comfort zone, embracing innovation and creating new pathways for progress, which have become the essence of today's India. "A confident India has embarked on a new journey today. The goal is clear – to build a Viksit Bharat," he said, amid chants of 'Modi-Modi' from the crowd. Modi said that India has more than 1.5 lakh registered Startups. "In the last decade, more than 100 Unicorns have been built. One Unicorn means an Rs 8,000-10,000 crore company. More than 100 companies are proof of the success of India's startup culture," he said, adding that India was able to achieve this because it came out of its comfort zone. He said that India added USD 2 trillion to its GDP in the last decade. "In 10 years, the size of the Indian economy doubled. Today, India is the fifth largest economy in the world. The day is not far when India will become a USD 5 trillion economy and the third largest economy," he said. He said the world is praising India for its progress in the Space industry. India has decided that soon Indians will be sent to space through our own Gaganyaan, he added. India is also going to build its space station in the space, he added. He said that India’s defence exports have increased almost 30 times. Modi praised the Indian community in Nigeria and said that many Indian companies are strengthening the African country's economy. "The Indian community is working shoulder to shoulder with Nigeria for its development and this is the great strength of the people of India. We may come to another country, but we do not forget our values ​​of the welfare of all. For us, the whole world is one family," he said. He also cited Tolaram’s Noodles and the Tulsi Chanrai Foundation as examples of how Indians have positively contributed to Nigeria. Modi also said that the Hindi language is rapidly gaining popularity in Nigeria. “A friendship with Indian films is obvious… People remember the names of all Indian movies and actors," he said. Modi said that during the time of slavery, both the people of India and Nigeria tirelessly pursued their quest for freedom. "When India gained independence, it also inspired the freedom movement in Nigeria," he said. "Today, India and Nigeria continue to move forward together as partners, reflecting the bond forged during their struggles," he said. "While India is the mother of democracy, Nigeria is the biggest democracy in Africa. We both have the commonality of democracy, diversity and the energy of demography," he added. The Prime Minister said that India has emerged as a new hope for the world, embodying growth, peace, prosperity, and democracy. He said that whenever a challenge arises anywhere in the world, India rises as the first responder to extend its support, acting as a Vishwa Bandhu, or a global friend. "During the chaos of the COVID-19 pandemic, when countries around the world were in desperate need of vaccines, India took the initiative to provide vaccines to as many nations as possible," he said. In the past years, India has made every possible effort to raise the voice of Africa on global platforms, Modi said. "When India got the Presidency of G20 for the first time, we made every effort to make the African Union a permanent member and India was also successful in this," he said. Modi also thanked Nigerian President Bola Ahmed Tinubu for conferring him the National Award, saying he accepted the honour with great humility. He added that this is an honour which is not only for him but also for all Indians. Modi was in Nigeria on the first leg of his three-nation visit. This visit is the first by an Indian prime minister to Nigeria in 17 years.

2024-11-17 23:26

2024-11-17

23:26

moneycontrol.com

https://www.moneycontrol.com/news/india/independent-exercise-of-judicial-power-not-only-prerogative-but-also-duty-justice-bv-nagarathna-12869098.html

Independent exercise of judicial power not only prerogative, but also duty: Justice BV Nagarathna

Judicial independence is the degree to which a judge decides cases consistent with his/her own interpretation of the law, sometimes, in opposition to what others think or desire in like matters..Related stories.

Independent exercise of judicial power was not only a judge's prerogative but also a duty and it was therefore important that judges decide matters based on their own appreciation of the law and as per their conscience, unfettered by other views, Justice B V Nagarathna, Judge of the Supreme Court has said. Delivering the Justice S Natarajan Centenary Commemoration lecture here on Saturday, Justice Nagarathna, furthermore said that it was ultimately conviction, courage and independence of judges which decide matters before a court of law. She said: "From the aspect of judicial independence within the court system, separate opinions or dissenting opinions must be seen as an expression of mutual independence of the judges, i.e., independence of a judge from other judges. This is independence of the judiciary in its most enlightened form." She noted that she and Justice Bela M Trivedi had dissented on Constitutional bench matters. Her lecture was on the theme of "Checks and Balances under the Indian Constitution through a Looking Glass." Also, she said only an independent and impartial judiciary can effectively exercise its power of judicial review. Judicial independence is the degree to which a judge decides cases consistent with his/her own interpretation of the law, sometimes, in opposition to what others think or desire in like matters. On Justice Natarajan (former Supreme Court Judge) , she said he demonstrated his legal acumen and deep wisdom in his judgments and by way of his contributions to the salient fourteen Constitution Benches he was a member of. His commitment to law as a tool for justice and respect for the Constitution shone in his judgment in Begum Subanu alias Saira Banu and Another vs A M Abdul Gafoor, (1987). Justice Natarajan held that the right of a Muslim husband to a polygamous marriage cannot act as a bar on operation of Section 125 of the CrPC 1973. Justice P Sathasivam, former Chief Justice of India, former judges of the apex court, sitting and retired judges of the Madras High Court, Advocate General, P S Raman and members of the bar took part.

2024-11-17 23:23

2024-11-17

23:23

moneycontrol.com

https://www.moneycontrol.com/elections/assembly-election/maharashtra/maharashtra-polls-battleground-set-in-kankavli-as-nitesh-rane-takes-on-sandesh-parkar-article-12869092.html

Maharashtra polls: Battleground set in Kankavli as Nitesh Rane takes on Sandesh Parkar

Nitesh Rane.

Kankavli is located in Sindhudurg district and is a part of the Ratnagiri-Sindhudurg Lok Sabha constituency. Along with Kankavli, this Lok Sabha constituency includes the Assembly segments of Kudal and Sawantwadi in Sindhudurg district, and Chiplun Sangameshwar, Ratnagiri, and Rajapur in Ratnagiri district. Kankavli assembly seat is held by Union Minister Narayan Rane's son Nitesh Rane for the last 10 years. His first term as Kankavali MLA was on Congress ticket but he changed side to contest on BJP ticket in 2019. He is in fight against Uddhav Thackeray's Shiv Sena. BJP has fielded incumbent Nitesh Rane again. Shiv Sena (UBT) candidate Sandesh Bhaskar Parkar is MVA candidate on the seat. While the contest in bipolar in the assembly, BSP has also pitted its candidate Chandrakant Abaji Jadhav. Bharatiya Janata Party (BJP) candidate from Kankavli, Nitesh Rane accused the Congress of copying the BJP-Mahayuti manifesto and called the party anti-Hindu and the 'B-team' of the Muslim League. Rane also accused the Congress of giving guarantees before elections but claimingbudgetshortages after coming to power. Kankavli assembly seat is held by Union Minister Narayan Rane's son Nitesh Rane for the last 10 years. His first term as Kankavali MLA was on Congress ticket but he changed side to contest on BJP ticket in 2019. He is in fight against Uddhav Thackeray's Shiv Sena. Rane also accused the Congress of giving guarantees before elections but claiming budget shortages after coming to power. In the 2019 Assembly elections in Maharashtra, Bharatiya Janata Party candidate Nitesh Narayan Rane won the Kankavli seat with a margin of 28116 votes. In the 2014 Maharashtra Assembly Elections, Nitesh Rane won the Kankavli seat with a margin of 25,979 votes on Congress ticket. He was polled 74,715 votes with a vote share of 47.91%. He defeated BJP candidate Jathar Pramod Shantaram, who got 48,736 votes (31.25%). Shiv Sena candidate Subhash Mayekar stood third with 12,863 votes (8.25%). The total number of valid votes polled was 1,55,959.

2024-11-17 23:22

2024-11-17

23:22

moneycontrol.com

https://www.moneycontrol.com/sports/gracias-rafa-nadal-will-head-into-retirement-after-spain-hosts-davis-cup-article-12869096.html

'Gracias, Rafa': Nadal will head into retirement after Spain hosts Davis Cup

Rafael Nadal.Related stories.

Rafael Nadal's impending retirement will loom over the Davis Cup Final 8 from the moment it begins Tuesday in southern Spain. If that weren't already obvious, just glance at the banner measuring 28,000 square feet (2,600 square meters) — about half the size of a football field — that wraps around the soccer stadium across the street from the arena hosting the tennis. The blue sign, visible from the highway leaving Malaga's airport, is marked with large white letters that read, “GRACIAS, RAFA.” Between those two words is an image of Nadal toting a tennis racket in his left hand while wearing one of his trademark sleeveless shirts and his just-as-ever-present headband. He is shown with his back to the world, walking away, symbolizing the 38-year-old Spaniard's goodbye to the sport after a remarkable career. “It's going to be very exciting for everyone,” said tournament director Feliciano Lopez, a former player who faced Nadal 14 times on tour as an opponent in singles and also was his Davis Cup teammate. “Very emotional, at the same time.” That sentiment likely applies to Nadal's fans, other players, his family — his wife and their son have attended practice — and, quite understandably, the 22-time Grand Slam champion himself as Tuesday approaches. That's when Spain faces the Netherlands on an indoor hard court at the Palacio de Deportes Jose Maria Martin Carpena. “It's amazing that it might be the last match that Nadal plays,” Dutch captain Paul Haarhuis said Sunday, “and we hope to give him a nice Adios.'” Nadal had hip surgery in June 2023 and missed nearly all of that season. He dealt with a new hip muscle problem this year and an abdominal injury, part of a long series of issues that contributed to his body feeling like what he described as “a jungle” in May after losing in the first round of the French Open, the clay-court Slam he's won a record 14 times. That was his only Grand Slam appearance all year; Nadal played a total of just 23 official singles matches over the past two seasons combined. That includes going 12-7 in 2024. His last real matches came at the Olympics in early August, when he lost in the second round of singles to Novak Djokovic and in the quarterfinals of doubles alongside Carlos Alcaraz. Spain's captain, David Ferrer, the 2013 French Open runner-up to Nadal, has not yet told the world how he will employ the star in Malaga. Could be for singles, although Nadal said he'll step aside if he doesn't think he can win. Could be in doubles with his 21-year-old heir apparent, Alcaraz, in a renewal of their “Nadalcaraz” partnership. Could be both. If Spain gets past the Netherlands, it would face Germany or Canada in the semifinals on Friday. “I really want him to retire with a title,” Alcaraz said. Thursday's quarterfinals feature the United States against Australia, and defending champion Italy — whose roster features No. 1-ranked Jannik Sinner — against Argentina. The winners of those matchups will meet in the semifinals on Saturday; the championship will be decided Sunday. When Nadal explained last month that the Davis Cup would be it for him, he spoke in happy terms about his more than two decades in the sport. “Really, everything I have experienced has been a dream come true,” he said. He becomes the second member of the so-called Big Three of men's tennis to retire. Roger Federer announced his departure in 2022 — teaming with Nadal in doubles at the Laver Cup, then crying alongside his longtime rival and, eventually, friend — while Djokovic is still near the top of the game. Djokovic's Serbia did not qualify for the Davis Cup quarterfinals, but he wrote on social media that he would be on hand in Malaga. Who knows who else might show up in the sellout crowd of 9,200 on Tuesday, not just from the world of tennis, and not just athletes from other sports, but other celebrities, as well? “I don't know if we're going to have seats for everyone,” Lopez said. “Everyone wants to be there for his farewell.” There will be plenty of folks tuning in on TV from afar, including other tennis players, of course. “I'm going to watch it. I'm going to enjoy it,” said 2021 U.S. Open champion Daniil Medvedev, who lost to Nadal in two Grand Slam finals. “It's a big moment for the sport, because he did so much for the sport.”

2024-11-17 23:20

2024-11-17

23:20

moneycontrol.com

https://www.moneycontrol.com/news/india/bhosari-election-2024-all-about-the-constituency-party-wise-candidates-past-results-and-more-12869083.html

Bhosari Election 2024: All about the constituency, party-wise candidates, past results and more

Bhosari, a suburb of Pune, is a General category seat as per the Election Commission of India. (PTI file photo).Related stories.

Bhosari Maharashtra Assembly Election 2024 Latest Updates:Maharashtra, which has seen frenzy of campaigning by all political parties, will choose it next Assembly in the state polls on Wednesday, November 20, 2024. Bhosari, which is one of the 288 constituencies, will see the polling on November 20. An Assembly constituency in Maharashtra, Bhosari has been designated as a General (GEN) seat by the Election Commission of India. In the 2019 Assembly Elections, Mahesh (Dada) Kisan Landge of the BJP emerged victorious with a significant margin of 77,567 votes. He secured 159,295 votes, representing a vote share of 60.46%, defeating Lande Vilas Vithoba, an Independent candidate, who received 81,728 votes, accounting for 31.02% of the total votes. Mahesh Landge, who contested and won the 2019 Assembly election on the BJP ticket, fought the polls in 2014 as an Independent. He had got 27.2 percent of vote share, the 2014 poll data shows. Bhosari Election 2024: Who are the candidates this year Ajit Gavhanefrom Nationalist Congress Party Sharadchandra Pawar (NCP-SP) BJP's sitting MLA -Mahesh Landge In the Bhosari Assembly constituency, the upcoming contest is set to be a significant one between the sitting MLA, Mahesh Landge, who has established a stronghold in the area, and Ajit Gavhane, a former NCP corporator and city president, who is entering the electoral fray for the first time. After being announced as the MVA candidate for the 2024 polls, Gavhane expressed confidence in his victory and that of other MVA candidates. "We have told our leaders that we will win this poll and ensure the success of all Maha Vikas Aghadi candidates. In Bhosari, as in the rest of Maharashtra, citizens are seeking change. The sitting MLA was given a chance for ten years but failed to deliver on expectations, leading to public dissatisfaction and anger against him and his party. We are confident of securing victory in this election," Gavhane stated. About Bhosari constituency Bhosari, historically known as Bhojpur, is a suburb of Pune city and a part of the Shirur Lok Sabha constituency. Situated near Pune and Chinchwad, Bhosari is well-known for its vibrant cultural and sports activities, particularly wrestling and kabaddi. The constituency has a population of approximately 256,316.

2024-11-17 23:15

2024-11-17

23:15

moneycontrol.com

https://www.moneycontrol.com/news/india/no-physical-classes-for-students-barring-class-10-and-12-atishi-12869094.html

No physical classes for students, barring class 10 and 12: Atishi

The announcement came hours after the Commission for Air Quality Management (CAQM) invoked stricter pollution control measures for the Delhi-NCR.

In-person classes will be suspended for all except for students of classes 10 and 12, the Delhi government announced on Sunday, as the city chocked under alarming levels of pollution for the fifth straight day. The announcement came hours after the Commission for Air Quality Management (CAQM) invoked stricter pollution control measures for the Delhi-NCR under the Stage 4 of the Graded Response Action Plan, or GRAP, effective from 8 am Monday. "With the imposition of GRAP-4 from tmrw, physical classes shall be discontinued for all students, apart from Class 10 and 12. All schools will hold online classes, until further orders," Chief Minister Atishi said in a post on X. Delhi's Air Quality Index (AQI) worsened on Sunday, reaching 441 at 4 pm and rising to 457 by 7 pm due to unfavourable weather conditions. According to the government's order, no trucks will be allowed into Delhi except for those carrying essential items or using clean fuel (LNG/CNG/BS-VI diesel/electric). Non-essential light commercial vehicles registered outside Delhi will also be prohibited, except for electric vehicles and CNG and BS-VI diesel ones. Delhi-registered BS-IV or older diesel medium and heavy goods vehicles are banned, except for those in essential services, the panel said.

2024-11-17 23:15

2024-11-17

23:15

moneycontrol.com

https://www.moneycontrol.com/news/india/niti-aayogs-mmr-blueprint-a-ploy-to-separate-mumbai-from-maharashtra-uddhav-12869091.html

NITI Aayog's MMR blueprint a ploy to separate Mumbai from Maharashtra: Uddhav

Shiv Sena (UBT) chief Uddhav Thackeray.Related stories.

Shiv Sena (UBT) chief Uddhav Thackeray on Sunday alleged that the NITI Aayog's blueprint to develop the metropolitan region was a ploy to separate Mumbai from Maharashtra by undermining the BMC's importance. If voted to power, the Maha Vikas Aghadi (MVA) will scrap the MoU signed between the World Economic Forum (WEF) and MMRDA as it is aimed at diminishing the Brihanmumbai Municipal Corporation's importance, he said. Addressing a rally at the BKC ground in Mumbai on the penultimate day before the campaigning for the assembly elections concluded, Thackeray said he wouldn't hesitate to disband the MMRDA (Mumbai Metropolitan Region Development Authority) if it encroaches on the BMC's jurisdiction. "A conspiracy to separate Mumbai from Maharashtra is not just a loose talk but an impending serious crisis. The ploy is real but we will never allow this to happen," he said. Thackeray said the MMRDA and WEF signed an agreement in September to develop MMR (Mumbai Metropolitan Region) as a global economic hub which was signed after Niti Aayog's report on MMR development. "The Niti Aayog's blueprint diminishes the importance of the Mumbai civic body which is a ploy to separate Mumbai from Maharashtra," he alleged. Thackeray said the first decision of the MVA government will be to scrap policies of the (Mahayuti) government which handed over Mumbai's land to the Adani group. The former chief minister said he was "not anti-development but is anti-destruction". Thackeray claimed the MVA government headed by him was toppled (in June 2022) and Shiv Sena split because he had not allowed the looting of Maharashtra. In an apparent reference to the Shiv Sena MLAs' disqualification case in the Supreme Court, saying, "The courts haven't given me justice. I seek justice from you for the sake of Maharashtra". Thackeray said the BJP had to construct the statue of Sardar Vallabhbhai Patel, who had banned RSS, in Gujarat and seek votes in Maharashtra in Balasaheb Thackeray's name, which he said was "revenge of time". Attacking PM Narendra Modi over the "Ek hai to Safe Hai" slogan, Thackeray said if people feel unsafe while Modi is at the helm then he should resign. "Only corrupt and traitors feel safe when Modi is around," he alleged. Thackeray said Maharashtra was facing a grave crisis as "airports, ports, electricity, mines, and schools are being handed over to Adani". Urging people to support the MVA, Thackeray said Maharashtra will be destroyed if the Mahayuti returns to power. Thackeray recalled Shiv Sena's support for the abrogation of Article 370 and Bal Thackeray sheltering Kashmiri pandits fleeing persecution. "Amit Shah and Narendra Modi weren't known to the world at that time," he said. Targeting the BJP over its poll campaign, he said the scrapping of Article 370 in Jammu and Kashmir doesn't impact Minimum Support Price, unemployment, and women's security in Maharashtra. He said people of Gujarat should realise that Modi and Amit Shah have created a barrier between the western state and the rest of the country. "How can they move projects from Maharashtra to Gujarat? You should stop them," he added.

2024-11-17 23:08

2024-11-17

23:08

moneycontrol.com

https://www.moneycontrol.com/news/india/kagal-assembly-election-2024-all-about-the-constituency-party-wise-candidates-and-past-winners-12868465.html

Kagal Assembly Election 2024: All about the constituency, party-wise candidates and past winners

The seat falls under the Kolhapur Lok Sabha constituency, which has 5 more seats- Chandgad, Radhanagari, Kolhapur South, Karvir and Kolhapur North..Related stories.

Kagal Assembly constituency is one of the 10 seats in the district of Kolhapur in Maharashtra. The seat, which has more than 2.6 lakh registered voters, has been dominated by the united Nationalist Congress Party (NCP) since 1999. The seat falls under the Kolhapur Lok Sabha constituency, which has 5 more seats- Chandgad, Radhanagari, Kolhapur South, Karvir and Kolhapur North. The constituency has a total of 97 polling centres to ensure a smooth polling process for voters, according to the Maharashtra election commission. Demography Kolhapur district has a total of 10 assembly constituencies with a population of over 3.8 million, according to the 2011 Census data. Kagal seat had a total of 264,332 eligible voters in the 2019 state elections, out of which over 128,000 were women. The seat, which is unreserved was established in 1962. The constituency covers the entire Kagal tehsil and several parts of the Ajra and Gadhinglaj tehsils. The other constituencies in the Kolhapur district are Shirol, Chandgad, Radhanagari, Kolhapur South, Karveer, Kolhapur North, Shahuwadi, Hatkanangale and Ichalkaranji. Key contenders Hasan Miyalal Mushrif of the NCP has been winning the seat since 1999. Mushrif, who won the seat in the 2019 Assembly elections with a margin of over 28,000 and secured 44.17 percent of the votes, is currently with the Ajit Pawar faction of the NCP. In the 2019 elections, Mushrif defeated independent candidate Vikramsinh Samarjeetsinh Ghatge, who had secured 88,303 votes. Historically, Congress won the seat continuously till 1995, except for once in 1978. In 2024 Maharashtra Assembly elections, Mushrif will again face Ghatge, who is representing Sharad Pawar’s faction of NCP. Other candidates in the fray are: BSP’s Ashok Bapu Shivsharan, Vanchit Bahujan Aaghadi’s Dhanaji Ramchandra Senapatikar and several independent candidates. MVA, which is the opposition bloc representing Shive Sena (Udhav Thackeray faction), Congress, Sharad Pawar’s NCP, is locked in a close contest with the ruling Mahayuti (BJP, Ajit Pawar’s NCP, Eknath Shinde’s Shiv Sena) front in the elections to the 288-member assembly on November 20. Votes will be counted three days later, on November 23.

2024-11-17 23:00

2024-11-17

23:00

moneycontrol.com

https://www.moneycontrol.com/news/world/north-korea-may-end-up-sending-putin-100000-troops-for-his-war-12869085.html

North Korea may end up sending Putin 100,000 troops for his war

Kim’s decision to send North Korean troops to join Russia’s fight against Ukraine has alarmed Kyiv’s allies.Related stories.

North Korea may deploy as many as 100,000 troops to aid Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations. The analysis is one of several on the evolving partnership between Russian President Vladimir Putin and North Korean leader Kim Jong Un, said the people, speaking on condition of anonymity to talk about private discussions. They stressed that such a move wasn’t imminent and that military support at that scale — if it occurred — would likely happen in batches with troops rotating over time rather than in a single deployment. Ukraine’s ambassador to South Korea made a similar assessment earlier this month. Dmytro Ponomarenko said in an interview with VOA that Kyiv expected up to 15,000 North Korean troops deployed to fight in Russia’s Kursk region – and possibly in occupied areas of eastern Ukraine – to rotate every few months. Spokespeople for South Korea’s Defense Ministry and Presidential Office didn’t respond to requests for comment. Kim’s decision to send North Korean troops to join Russia’s fight against Ukraine has alarmed Kyiv’s allies, who’ve warned that it risks exacerbating what is already Europe’s largest conflict since World War II. They believe the deepening cooperation between Putin and Kim could also impact the security balance in the Indo-Pacific region, where there’s mounting rivalry between China and the US. The issue will be raised by several allies at the G-20 Summit in Brazil this week including by German Chancellor Olaf Scholz when he meets Chinese President Xi Jinping, Bloomberg previously reported. Scholz told Putin Friday in a rare phone call that the deployment of North Korean troops was a “grave escalation” of the war against Ukraine. Scholz will press the Chinese leader at their meeting in Rio on Tuesday to use his influence over Russia and North Korea to avoid further escalation in the war, according to German officials. The North Korean deployment shows the war is becoming globalized and Scholz and Xi will need to discuss this new dimension of the conflict, the officials said. Worries were also raised by allies at the APEC gathering in Lima, Peru, this past week, another person said. Xi has been the biggest benefactor to Putin and Kim in recent years, and sees both leaders as partners in pushing against the US-led world order. But his government has remained silent publicly on the dispatch of North Korean troops to Russia — a sign the Chinese president may be unhappy with the arrangement. The Kim-Putin partnership risks adding economic pressure on China, just as Xi is bracing for potential disruption from tariffs threatened by US President-elect Donald Trump when he returns to the White House. It also undermines Beijing’s argument that the US shouldn’t have military alliances in the Indo-Pacific region. China doesn’t “allow conflict and turmoil to happen on the Korean Peninsula” and it won’t “sit idly by when its strategic security and core interests are under threat,” Xi told US President Joe Biden at talks Saturday on the sidelines of the Asia-Pacific Economic Cooperation summit in Lima. North Korea has so far sent more than 10,000 troops to fight alongside Putin’s army in Russia’s Kursk region, where Ukrainian forces have occupied part of the border territory since a surprise incursion in August. In return, Russia is providing money and helping North Korea increase its capabilities. South Korea has said there’s a “high chance” that North Korea will seek cutting-edge technology transfers from Russia — including technology related to tactical nuclear weapons, intercontinental ballistic missiles, reconnaissance satellites and ballistic missile submarines. As well as manpower, North Korea has also sent millions of rounds of artillery ammunition and other weapons to Russia. The Financial Times reported this week, citing Ukrainian intelligence, that Pyongyang has supplied Moscow with long-range rocket and artillery systems too. Ukraine has been asking allies for months to allow it to use Western-provided long-range weapons to strike military targets deep inside Russia as a way to counter Moscow’s attacks including on energy infrastructure in the country.

2024-11-17 22:51

2024-11-17

22:51

moneycontrol.com

https://www.moneycontrol.com/news/india/gujarat-rajasthan-to-see-up-to-50-more-rain-big-deficit-likely-in-himalayas-due-to-climate-change-12869090.html

Gujarat, Rajasthan to see up to 50% more rain, big deficit likely in Himalayas due to climate change

The Indian Himalayas, from Kashmir to Arunachal Pradesh, will face less rainfall during the northeast monsoon.Related stories.

The western parts of India will experience a significant increase in precipitation compared to most of the eastern and northeastern parts of the country in the period up to 2040 due to climate change, according to a new analysis. The report comes at a time when countries are debating ways, at the UN climate conference in Azerbaijan, to raise trillions of dollars to help developing nations reduce greenhouse-gas emissions and adapt to climate change. The southwest monsoon will see a shift from east to west, with the normally-drier western states experiencing higher precipitation, the analysis by the Azim Premji University said. It said the southwest monsoon will bring more rain to the normally-drier western states. However, the eastern states, such as parts of the northeast, may experience reduced rainfall. This shift will further strain agricultural systems in these regions. Gujarat and Rajasthan are projected to see significant increases in rainfall — up to 40 per cent in the moderate-emissions scenario and up to 50 per cent in the high-emissions scenario in the 2021-2024 period as compared to the 1960 levels. This could lead to more flooding, soil erosion and decreased agricultural productivity. The Indian Himalayas, from Kashmir to Arunachal Pradesh, will face less rainfall during the northeast monsoon. Some places like north Sikkim and Arunachal Pradesh could see up to 15 per cent less rainfall. During the northeast monsoon, many parts of the country will experience less rain, especially in the Indian Himalayas. However, states like Gujarat, Rajasthan, Karnataka and parts of Uttar Pradesh, Madhya Pradesh and Ladakh will see 20 per cent to 60 per cent more rainfall, with Gujarat receiving the most. It is expected that more heavy rainfall in higher-altitude areas like Ladakh, Arunachal Pradesh and the Western Ghats could cause problems, such as faster snowmelt, landslides and damage to crops and local economies. Data also showed that the average annual maximum temperatures in India could rise by 1.5 degrees Celsius by mid-century, with faster increases under high-emissions scenarios. Himalayan districts like Leh could see an increase of up to 1.8 degrees Celsius. Winters in Arunachal Pradesh might warm by 2.2 degrees Celsius, affecting crops that rely on cooler temperatures. Coastal areas and parts of the eastern Himalayas may experience dangerous wet-bulb temperatures (above 31 degrees Celsius), significantly affecting health and labour productivity, the analysis said.

2024-11-17 22:46

2024-11-17

22:46

moneycontrol.com

https://www.moneycontrol.com/news/india/bangladesh-will-seek-extradition-of-sheikh-hasina-says-interim-govt-chief-muhammad-yunus-12869063.html

Bangladesh will seek extradition of Sheikh Hasina, says interim govt chief Muhammad Yunus

Hasina, 77, resigned and fled to India following massive protests by students and others against her government over a controversial quota system in government jobs..Related stories.

Bangladesh's Chief Adviser Muhammad Yunus said on Sunday that the interim government will seek the extradition of deposed prime minister Sheikh Hasina, who fled to India after the fall of her government following a mass protest movement in August. In an address to the nation on the completion of 100 days of the interim government, Yunus also said that his government has been continuing its all-out efforts to ensure the security of all citizens, including religious minorities. "We must ensure justice in every killing…We will also ask India to send back fallen autocrat Sheikh Hasina," Yunus was quoted as saying by the state-run BSS news agency. His remarks indicate a U-turn as in an interview with the UK-based Financial Times newspaper last month, Yunus said his government would not immediately seek Hasina’s extradition from India. Yunus, who assumed office on August 8, claimed that about 1500 people, including students and workers, were killed while 19,931 others were wounded during the protest against the Hasina government. "Our government is very careful to collect information on every death," he said, adding that the government made arrangements for treatment of the injured in various specialized hospitals, including 13 hospitals in Dhaka. Hasina, 77, resigned and fled to India following massive protests by students and others against her government over a controversial quota system in government jobs. She landed at the Hindon airbase near Delhi on August 5. She was believed to have been shifted later to an unspecified location and has not been seen in public since then. Hasina and her party leaders face accusations of ordering brutal suppression of the Anti-Discrimination Students Movement, resulting in numerous casualties during the July-August protests. Yunus said his government is investigating every incident in a few cases where religious minorities were subjected to violence. "We have tried our best so that any citizen of the country, not only Hindu community members, doesn’t become a victim of violence. We will continue these efforts,” he said in his address to the nation. He said Bangladesh was a completely insecure country when the interim government assumed office. Yunus said an attempt was made to spread unnecessary fear among the religious minorities. "In some cases, they have also been subjected to violence. But all the hype about it was completely exaggerated. Those little cases of violence that took place were mainly political,” he said. But ill efforts were made to make the country unstable again by giving religious colour to these events, he said, adding that the government dealt with the situation firmly with the cooperation of all. He said that after two months of assumption of office by his government, Durga Puja was celebrated in around 32,000 puja mandaps across the country. He said the government took extensive security preparations during the Durga Puja so that the Hindu community members celebrate the festival smoothly. Hindus constitute just about 8 per cent of the 170 million Bangladesh population. The minority Hindu community members have faced regular vandalism of their businesses and destruction of temples during and since the protest erupted, resulting in the ouster of Prime Minister Hasina. Yunus also said that the Election Commission (EC) will be formed soon while an election roadmap will be announced after competing reforms in the electoral system. "Once the electoral reforms are decided, you will get the election roadmap very soon," he said. Noting that there is a question in everyone's mind about when the elections will be held, Yunus said the government has started taking necessary steps to hold the elections.

2024-11-17 22:38

2024-11-17

22:38

moneycontrol.com

https://www.moneycontrol.com/news/india/telanganas-new-ev-policy-to-come-into-effect-tomorrow-electric-vehicles-to-get-100-road-tax-exemption-12869084.html

Telangana’s new EV policy to come into effect tomorrow, to provide 100% road tax exemption

As for electric buses, the exemption will be indefinitely applicable to electric vehicles operated by the Telangana State Road Transport Corporation.Related stories.

The Telangana government’s new electric vehicle policy – the ‘Telangana Electric Vehicle & Energy Storage Policy 2020-2030’ -- will come into effect tomorrow, the state’s minister for transport Ponnam Prabhakar announced on November 17. The new EV policy is aimed at reducing pollution levels in the state’s capital Hyderabad.Under the new EV policy, the Telangana government will be providing electric vehicles purchased and registered in the state 100 percent exemption from paying road tax and registration fees for the first two years up to December 31, 2026. According to the government order, this exemption will be applicable to electric two-wheelers, four-wheelers, commercial passenger vehicles such as taxis, private cars, and three-wheeler autorickshaws, along with electric light goods carriers such as three-wheeled goods vehicles, electric tractors, and electric buses. As for electric buses, the exemption will be indefinitely applicable to electric vehicles operated by the Telangana State Road Transport Corporation. For buses owned by any industry exclusively for transporting employees (not for commercial purposes), if purchased and registered in Telangana, will be exempt from paying registration fees and road tax till December 31, 2026, irrespective of the number of vehicles it registers. “It will save consumers up to Rs 1 lakh per year. The EV policy is being introduced with the aim of preventing Hyderabad from becoming a polluted city like Delhi,” Prabhakar was quoted by local media as saying. (With agency inputs)

2024-11-17 22:35

2024-11-17

22:35

moneycontrol.com

https://www.moneycontrol.com/news/world/how-donald-trump-cut-into-democrats-hold-on-young-voters-12869054.html

How Donald Trump cut into Democrats’ hold on young voters

With Harris garnering 54% of voters under 30, she tied with John Kerry for the lowest level of support for a Democratic presidential nominee since 2004. Bloomberg.Related stories.

On the evening of Election Day, Kamala Harris’ campaign was touting high turnout on college campuses in key swing states. With polls closing, lines at University of North Carolina campuses in Charlotte and Wilmington were several hours long, the vice president’s campaign said. Earlier in the day, the wait to cast ballots was one to two hours on eight different colleges in Wisconsin. And at one point, the line was seven hours long at Lehigh University in Pennsylvania, the campaign said. But as day turned into night, it became increasingly clear that Harris, 60, was on track to lose the presidential race to 78-year-old Donald Trump. And fewer young voters — despite social-media buzz and endorsements from celebrities like Beyoncé — ended up backing her compared to President Joe Biden’s 2020 run against the Republican. With Harris garnering 54% of voters under 30, she tied with John Kerry for the lowest level of support for a Democratic presidential nominee since 2004, exit polling conducted by Edison Research shows. Trump increased his share of votes among those between 18 and 29 by 7 percentage points from 2020, according to the data. The shift is particularly striking since the voting bloc has been reliably Democratic and offers a gloomy outlook for the party’s ability to assemble winning coalitions. Trump made inroads with these voters in part by stressing his economic pitch — a message that appeared to resonate with young adults struggling with student loans and high costs for everything from groceries to housing. Pro-Trump content permeated online, too. The economy consistently ranked as a top issue among voters in polls leading up to the election, with Americans weighed down by a cumulative 21% rise in inflation since Biden took office. By contrast, the consumer price index climbed just 6% during Trump's first term. Young voters — who suffered periods of isolation during the Covid-19 pandemic — were heavily influenced by consuming hours of online content, including misinformation about the Democratic Party, said John Della Volpe, a pollster who advised Biden’s 2020 campaign. Since his 2016 run, “Donald Trump has dominated the airwaves” and has been a looming political figure for the better part of most 20-somethings’ lives, said Marc Lotter, the former president’s 2020 strategic communications director. “When you see the economy, when you see the lack of wars,” under Trump, he said, “it forms your thought process on many of those things.” Israel's war in Gaza was unpopular with a sizable segment of the demographic, following Harris to rallies where a small group or a single protestor would often interrupt her remarks. A Harvard Youth Poll published in September found 32% of young people supported an arms embargo on Israel. Some protestors threatened to sit out of the election. Trump grew his support with young men to 56% from 41% in 2020, according to data analyzed by Tufts University’s Center for Information & Research on Civic Learning and Engagement. That showed the success of his approach jockeying for attention in a fragmented media environment and appealing to men directly. Trump’s appearances on podcasts like The Joe Rogan Experience  and Impaulsive with Logan Paul racked up millions of views on YouTube and other platforms, with even wider reach from clips on social media. An endorsement video with World Wrestling Entertainment personalities The Undertaker and Kane, for example, garnered 14 million views on a wrestling fan page on X after a rival fighter endorsed Harris. “If there’s anything that Donald Trump knows, it’s how to reach an audience,” said Lotter. Alex Bruesewitz, a 27-year-old adviser to Trump, encouraged the former president to engage with podcasters and influencers, according to people familiar with the matter. Trump's 18-year-old son, Barron, also offered recommendations on interviews, two people said. “My son’s a big fan of yours,” Trump told comedian Theo Von on his podcast, which boasts the fifth-largest podcast audience, according to Edison Research. Dana White, the Ultimate Fighting Championship chief executive who appeared in Trump’s first TikTok video, played a role in connecting the campaign with creators and celebrities, people familiar with the matter said. On TikTok, the popular video-sharing app with young Americans, Trump has millions of followers. Jack Advent, a 22-year-old social media strategist who advised Vivek Ramaswamy's primary run, was hired by the campaign in late May to help launch and manage Trump's TikTok account, according to a person familiar with the matter. He also helped coordinate Trump's sit-down with Logan Paul on his podcast. Kevin Cao, a 20-year-old student at Lehigh University, said he saw pro-Trump content on his TikTok account in the run-up to the election and that he supports Trump’s stance on immigration. “I’m not a big fan of Kamala,” said Cao. “I like his policy on closing the border,” adding that he believes “that’s necessary.” Trump — who formally announced his candidacy in 2022 — had a long head start on Harris, who entered the race with less than four months until Election Day. Although she and her allies ended up raising more money than him, she struggled to convince voters fed up with Biden that she represented change. “I love Gen Z,” Harris often said during rallies. But for a substantial portion of Gen Z, generally defined as people between ages 12 and 27, her message didn’t resonate with them — or perhaps even reach them. Harris’ TikTok account had fewer followers than Trump even when it exploded in popularity in July, as her entrance into the race inspired “brat” references to Charli XCX’s endorsement and viral clips of the vice president’s quirky aphorisms. The Harris campaign didn’t reply to a request for comment. “When you look at a lot of Democrats’ attempts to reach younger voters over the past many years, it comes off really purposeful, and therefore sometimes feels inauthentic,” said Rachel Janfaza, a political consultant and author of a Gen-Z politics newsletter. When Harris appeared on the podcast Call Her Daddy, whose audience is largely young women, a featured topic was abortion rights. Although Harris had a huge trust advantage on the issue, some voters, particularly in blue cities and states, appeared to be satisfied with Trump's pledge to leave abortion laws to the states, Janfaza said. In that podcast interview, Harris was also asked about widespread student loan cancellations, a Biden administration promise felled by the Supreme Court. Though she committed to easing the burden, she avoided making a major vow of her own. “There was an overwhelming prioritization of the economy and a belief that he was the one prioritizing the economy,” Janfaza said.

2024-11-17 22:29

2024-11-17

22:29

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/trade-setup-for-monday-top-15-things-to-know-before-the-opening-bell-81-12869067.html

Trade setup for Monday: Top 15 things to know before the opening bell

Nifty Trade Setup.Related stories.

The Nifty 50 ended marginally lower after experiencing volatility and closed just below the 200-day EMA (Exponential Moving Average) at 23,542 on November 14, extending its southward journey for the sixth consecutive session. However, for the week, the index was down by 2.55 percent. Considering the bearish sentiment, if the index decisively slips below the 200-day EMA, 23,200 (which coincides with the 50-week EMA) is the next level to watch. In case of a rebound, the index may face resistance in the 23,600–23,800 zone, experts said. Here are 15 data points we have collated to help you spot profitable trades: 1)Key Levels For TheNifty 50(23,533) Resistance based on pivot points: 23,638, 23,683, and 23,756 Support based on pivot points: 23,491, 23,446, and 23,373 Special Formation: The Nifty 50 formed a Gravestone Doji candlestick pattern on the daily charts, continuing the formation of lower highs and lower lows, with a negative bias in momentum indicators such as the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), signaling a bearish sentiment. The index is now trading below all key moving averages. For the week, it formed a long red candle on the weekly timeframe. 2)Key Levels For TheBank Nifty Resistance based on pivot points: 50,465, 50,612, and 50,849 Support based on pivot points: 49,989, 49,842, and 49,605 Resistance based on Fibonacci retracement: 50,980, 51,651 Support based on Fibonacci retracement: 49,273, 47,877 Special Formation: The Bank Nifty formed an Inverted Hammer candlestick pattern (though not a classical one), which is a bullish reversal pattern. It defended the 200-day EMA on a closing basis, as well as the previous day's low, although it traded well below all other key moving averages (10, 20, 50, and 100 EMAs). It was up 0.2 percent on Friday, but for the week, the index was down by 2.7 percent and closed below its upward-sloping support trendline, forming a long bearish candlestick pattern on the weekly timeframe. It is also trading in the lower band of the Bollinger Bands, which is a negative sign. Hence, consolidation cannot be ruled out. 3)Nifty Call Options Data According to the weekly options data, the maximum Call open interest was seen at the 23,600 strike (with 1.04 crore contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 24,200 strike (85.13 lakh contracts), and the 24,000 strike (76.34 lakh contracts). Maximum Call writing was observed at the 23,600 strike, which saw an addition of 71.23 lakh contracts, followed by the 23,500 and 23,700 strikes, which added 50.55 lakh and 15.2 lakh contracts, respectively. The maximum Call unwinding was seen at the 24,000 strike, which shed 30.64 lakh contracts, followed by the 24,500 and 23,800 strikes which shed 27.35 lakh, and 23.96 lakh contracts, respectively. 4)Nifty Put Options Data On the Put side, the 23,500 strike holds the maximum open interest (with 2.6 crore contracts), which can act as a key support level for the Nifty. It was followed by the 23,000 strike (76.58 lakh contracts), and the 23,400 strike (62.65 lakh contracts). The maximum Put writing was placed at the 23,500 strike, which saw an addition of 2.14 crore contracts, followed by the 23,400, and 23,100 strikes, with 31.28 lakh, and 22.11 lakh contracts added, respectively, while the maximum Put unwinding was seen at the 22,500 strike, which shed 22.15 lakh contracts, followed by the 22,300 and 23,700 strikes which shed 21.18 lakh and 17.94 lakh contracts, respectively. 5)Bank Nifty Call Options Data According to the monthly options data, the maximum Call open interest was seen at the 52,000 strike, with 17.86 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 51,000 strike (14.41 lakh contracts) and the 51,500 strike (13.89 lakh contracts). Maximum Call writing was visible at the 51,700 strike (with the addition of 8.56 lakh contracts), followed by the 51,000 strike (4.85 lakh contracts) and the 50,500 strike (4.04 lakh contracts), while there was hardly any Call unwinding seen. 6)Bank Nifty Put Options Data On the Put side, the 49,500 strike holds the maximum open interest (with 18.04 lakh contracts), which can act as a key support level for the index. This was followed by the 50,000 strike (14.66 lakh contracts) and the 49,000 strike (10.62 lakh contracts). The maximum Put writing was observed at the 50,500 strike (which added 2.23 lakh contracts), followed by the 50,200 strike (2.12 lakh contracts) and the 49,500 strike (2.04 lakh contracts), while the maximum Put unwinding was seen at the 49,000 strike, which shed 1.08 lakh contracts, followed by the 52,000 and 51,500 strikes, which shed 32,820 and 24,765 contracts, respectively. 7)Funds Flow (Rs crore) 8)Put-Call Ratio The Nifty Put-Call ratio (PCR), which indicates the mood of the market, jumped at 0.88 on November 14, from 0.70 level in the previous session. The increasing PCR, or being higher than 0.7 or surpassing 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling in Calls is higher than selling in Puts, reflecting a bearish mood in the market. 9)India VIX Volatility declined after the rally seen in the previous couple of days, but the higher levels of volatility signal caution for bulls. The India VIX (the fear index) fell by 4.28 percent to 14.78, down from 15.44. 10)Long Build-up (38 Stocks) A long build-up was seen in 38 stocks. An increase in open interest (OI) and price indicates a build-up of long positions. 11)Long Unwinding (44 Stocks) 44 stocks saw a decline in open interest (OI) along with a fall in price, indicating long unwinding. 12)Short Build-up (45 Stocks) 45 stocks saw an increase in OI along with a fall in price, indicating a build-up of short positions. 13)Short-Covering (54 Stocks) 54 stocks saw short-covering, meaning a decrease in OI, along with a price increase. 14)High Delivery Trades Here are the stocks that saw a high share of delivery trades. A high share of delivery reflects investing (as opposed to trading) interest in a stock. 15)Stocks Under F&O Ban Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit. Stocks added to F&O ban: Nil Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper Stocks removed from F&O ban: Nil Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

2024-11-17 22:28

2024-11-17

22:28

moneycontrol.com

https://www.moneycontrol.com/news/india/sangli-election-2024-all-about-the-constituency-party-wise-candidates-past-results-and-more-12869064.html

Sangli Election 2024: All about the constituency, party-wise candidates, past results and more

As per the Election Commission of India, Sangli is a General (GEN) constituency in Maharashtra..Related stories.

Sangli Maharashtra Assembly Election 2024 Latest Updates:Maharashtra will go to polls on November 20, 2024. Sangli is one of the 288 Assembly constituencies, which will see the voting in the single-phase poll on Wednesday. As per the Election Commission of India, Sangli is a General (GEN) constituency in Maharashtra. The main contenders in this constituency are the Bharatiya Janata Party (BJP) and the Indian National Congress (INC). In the last state election, the BJP has won the seat. Dhananjay Alias Sudhir Hari Gadgil from the BJP had defeated Prithviraj Gulabrao Patil of the Congress. The 2019 poll data shows that BJP’s Gadgil secured victory by polling 93,636 votes with a vote share of 49.63%, defeating Congress’ Patil, who garnered 86,697 votes with a 45.95% vote share. Sangli Election 2024: Who are the candidates this year BJP:Dhananjay Alias Sudhirdada Hari Gadgil, who is the current MLA from Sangli is contesting on BJP’s ticket once again Congress:Prithviraj Patil, who has been unsuccessful in his electoral foray, will be fighting the battle on Congress ticket. Independent:It can be a triangular battle with Congress’s star rebel Jayashree Patil contesting the state poll from Sangli as an Independent candidate. Dhananjay Alias Sudhirdada Hari Gadgil was also the winner in 2014 Assembly elections. Contesting on the BJP ticket, Gadgil had got 41.2 percent of the vote share. Once known as Congress bastion under the leadership of the Vasantdada Patil's family, Sangli has now become the stronghold of the BJP in the last two state polls. The Grand Old Party of India lost its prominence in recent years due to divisions within the family, which gave way to the BJP to make its presence in this region. This time around, the election seems to be very interesting as the Congress will face the rebel in Jayashree Patil, who is fighting the poll as an Independent candidate. About Sangli constituency The Sangli Assembly constituency, situated in Sangli district, lies along the banks of the Krishna River and is renowned for its numerous sugar mills, highlighting its agrarian-based economy. In terms of geographic location, it is situated 376 kilometers from Mumbai, 230 kilometers from Pune, and 638 kilometers from Bangalore. Sangli, along with Miraj, is a major healthcare hub in the area in Maharashtra.

2024-11-17 22:27

2024-11-17

22:27

moneycontrol.com

https://www.moneycontrol.com/news/world/pollster-j-ann-selzer-announces-departure-from-election-polling-12869044.html

US pollster J. Ann Selzer announces departure from election polling

“Would I have liked to make this announcement after a final poll aligned with Election Day results? Of course,” Selzer wrote..Related stories.

Veteran pollster J. Ann Selzer, renowned for her influential work with the Des Moines Register, announced Sunday that she is stepping away from election polling and ending her longstanding relationship with the newspaper after a career spanning nearly three decades. Selzer, whose final contract with the Register was set to expire in 2024, revealed that she had already planned her departure over a year ago as she transitioned to new ventures. In an op-ed for the newspaper, Selzer explained that while she would have preferred to leave on a high note with a poll aligning with Election Day results, the final Iowa poll she conducted painted a surprising picture. The poll, released just days before the election, found Vice President Kamala Harris leading Donald Trump by three percentage points in a state widely considered safe for the Republicans. In reality, Trump won Iowa by 13 points, 56 percent to 43 percent, marking a significant miscalculation. “Would I have liked to make this announcement after a final poll aligned with Election Day results? Of course,” Selzer wrote. “It’s ironic that it’s just the opposite. I am proud of the work I’ve done for the Register, for the Detroit Free Press, for the Indianapolis Star, for Bloomberg News, and for other public and private organizations interested in elections. They were great clients and were happy with my work.” Selzer’s polling in Iowa has long been considered a benchmark in political forecasting. Her work correctly predicted the order of Democratic candidates in the 2004 Iowa caucuses and accurately forecast Barack Obama’s victory in the 2008 caucuses, a feat that earned her widespread recognition, according to a report byPolitico. She also predicted Rick Santorum’s surprise surge in the 2012 GOP caucus, helping shape the narrative that led to his unexpected win, the report added. However, the final Iowa poll of 2024 has sparked questions about the accuracy of Selzer’s methodology, with a review of the results yet to pinpoint a clear reason for the disparity. The Des Moines Register has announced plans to reassess its polling approach moving forward. The newspaper’s editor, Carol Hunter, noted that while Selzer’s Iowa Poll has been a “legacy indicator” in the state, the paper is now exploring ways to ensure more accurate surveys in the future, the Politico report added. In her departure, Selzer reflected on the challenges of election polling in recent years, particularly the increasing difficulty of predicting outcomes as the landscape shifts. She emphasized her unwavering commitment to integrity and data-driven conclusions throughout her career. “My integrity means a lot to me,” Selzer wrote. “To those who have questioned it, there are likely no words to dissuade. For those who know me best, I appreciate the supportive notes and calls reminding me that what drew me to them as friends, colleagues, and clients was commitment to truth and accuracy.”

2024-11-17 21:17

2024-11-17

21:17

moneycontrol.com

https://www.moneycontrol.com/news/india/grap-stage-4-restrictions-to-come-into-force-from-november-18-as-pollution-worsens-in-delhi-ncr-12869055.html

GRAP Stage-4 restrictions to come into force from November 18 as pollution worsens in Delhi-NCR

The CAQM suggested online teaching for the students of Classes 6 to 9 and Class 11..Related stories.

The Centre's air quality panel has announced stricter pollution control measures for the Delhi-NCR under Stage 4 of the Graded Response Action Plan (GRAP), effective from 8 am on Monday, including a ban on truck entry and a temporary halt on construction at public projects. The Commission for Air Quality Management (CAQM) issued the order as Delhi's Air Quality Index (AQI) worsened, reaching 441 at 4 pm and rising to 457 by 7 pm due to unfavourable weather conditions. According to the order, no trucks will be allowed into Delhi except for those carrying essential items or using clean fuel (LNG/CNG/BS-VI diesel/electric). Non-essential light commercial vehicles registered outside Delhi will also be prohibited, except for EVs and CNG and BS-VI diesel ones. Delhi-registered BS-IV or older diesel medium and heavy goods vehicles are banned, except for those in essential services, the panel said. Thermal power plants polluting Delhi NCR's air 16 times more than stubble burning, study finds All construction activities, including highways, roads, flyovers, power lines, pipelines and other public projects, have been suspended. The CAQM suggested online teaching for the students of Classes 6 to 9 and Class 11. It also recommended that offices in the National Capital Region (NCR) work at 50 per cent capacity, with the rest working from home. Work-from-home options may be introduced for central government employees, the panel said. State governments could also decide to close colleges, limit non-essential commercial activities and implement odd-even vehicle rules, it said.

2024-11-17 21:08

2024-11-17

21:08

moneycontrol.com

https://www.moneycontrol.com/news/india/npp-withdraws-support-for-n-biren-singhs-govt-over-failure-to-resolve-manipur-crisis-12869053.html

NPP withdraws support for N Biren Singh’s govt over failure to resolve Manipur crisis

In the last few days, the situation in Manipur has worsened, with several more innocent lives being lost to the ongoing violence.Related stories.

The National People's Party (NPP) announced on November 17 that it is withdrawing its support for the BJP-led government in violence-hit Manipur with immediate effect. In an official communique issued by the party, NPP stated that the N Biren Singh dispensation has “completely failed to resolve the crisis and restore normalcy” in Manipur, leading to their decision to withdraw support for the ruling party. The NPP has 7 MLAs in the 60-member Manipur assembly. In the last few days, the situation in Manipur has worsened, with several more innocent lives being lost to the ongoing violence. People in the state are “going through immense suffering”, the NPP wrote in a letter to Bharatiya Janata Party (BJP) chief JP Nadda. “We strongly feel that the Manipur state government under the leadership of Shri Biren Singh has completely failed to resolve the crisis and restore normalcy,” the letter stated. “Keeping the current situation in mind, the National People's Party has decided to withdraw its support to the Biren Singh government in state of Manipur, with immediate effect," it added. In a related development, Union Home Minister Amit Shah has reviewed the security situation in the northeastern state and directed top officials to take all necessary steps to restore peace and normalcy in Manipur. Shah held the meeting soon after he returned from Maharashtra after cancelling his election rallies there. Manipur has been reeling under ethnic strife since May last year, which has deteriorated recently following protests and violence after the recovery of bodies of women and children. The fresh incidents of violent protests took place on Saturday night despite indefinite curfew being in place; people were agitated by the killing of three women and three children by militants in Jiribam district. Irate mobs set ablaze the residences of three more BJP legislators, one of whom is a senior minister, even as security forces foiled an attempt to storm the ancestral residence of Manipur Chief Minister N Biren Singh. The houses of PWD Minister Govindas Konthoujam at Ningthoukhong, Hiyanglam's BJP MLA Y Radheshyam at Langmeidong Bazar, Wangjing Tentha's BJP MLA Paonam Brojen in Thoubal district, and Khundrakpam's Congress MLA Th Lokeshwar in Imphal East district were torched too. The Manipur Police on November 11 claimed 10 suspected militants were killed in a fierce gunfight with security forces after insurgents in camouflage uniforms and armed with sophisticated weapons fired indiscriminately at Borobekra Police Station and an adjacent CRPF camp at Jakuradhor in Jiribam district. Hours later, suspected militants allegedly abducted six civilians, including women and children, from the same district, police had claimed. The Centre had on Thursday reimposed the Armed Forces (Special Powers) Act in Manipur's six police station areas, including the violence-hit Jiribam. More than 220 people have been killed and thousands rendered homeless in ethnic violence between Imphal Valley-based Meiteis and adjoining hills-based Kuki-Zo groups since May last year. It started after a 'Tribal Solidarity March' was organised in the hill districts to protest against the Meitei community's demand for Scheduled Tribe (ST) status. The ethnically diverse Jiribam, which was largely untouched by the clashes in Imphal Valley and the adjoining hills, witnessed violence after the mutilated body of a farmer was found in a field in June this year. (With PTI inputs)

2024-11-17 20:49

2024-11-17

20:49

moneycontrol.com

https://www.moneycontrol.com/news/india/thermal-power-plants-polluting-delhi-ncrs-air-16-times-more-than-stubble-burning-study-finds-12869038.html

Thermal power plants polluting Delhi NCR's air 16 times more than stubble burning, study finds

According to CREA estimates, 281 kilotonnes of sulphur dioxide (SO₂) were released by coal-fired thermal power plants in NCR between June 2022 and May 2023..Related stories.

A study conducted by the Centre for Research on Energy and Clean Air (CREA) has found that thermal power plants in the national capital region (NCR) emit 16 times more air pollutants than stubble burning. “…Thermal power plants in NCR emit 16 times the 17.8 kilotonnes released from burning 8.9 million tonnes of paddy straw,” the CREA study stated. This finding comes as Delhi's air quality worsened further on November 17, reaching an AQI of 441, making it the second-most polluted city in the country. The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 441, in the "severe" category. On Saturday, the AQI was 417. According to the Central Pollution Control Board (CPCB), a "severe" AQI poses risks to healthy individuals and severely impacts those with pre-existing health conditions. According to CREA estimates, 281 kilotonnes of sulphur dioxide (SO₂) were released by coal-fired thermal power plants in NCR between June 2022 and May 2023. Notably, India is currently the world’s largest SO₂ emitter, responsible for over 20% of global anthropogenic SO₂ emissions, primarily due to its coal-dependent energy sector. India’s SO₂ emissions from electricity generation were measured at 6,807 kilotonnes in 2023, surpassing emissions from other major emitters like Turkey (2,206 kilotonnes) and Indonesia (2,017 kilotonnes). “A comparison between NCR thermal power plant emissions and paddy straw burning emissions in Punjab and Haryana highlights the scale of SO₂ pollution. Thermal power plants in NCR emit 281 kilotonnes of SO₂ annually—16 times more than the 17.8 kilotonnes emitted by burning 8.9 million tonnes of paddy straw,” the study found. “While paddy straw burning causes seasonal spikes, thermal power plants represent a larger, persistent pollution source year-round, underscoring the need for stricter controls on thermal power plant emissions. Yet, thermal power plants often receive leniency and repeated compliance extensions, especially for installing FGDs, whereas stubble burning is heavily penalized, with strict enforcement on farmers during the burning season,” it added. Accelerated adoption of the flue gas desulfurization (FGD) technology would reduce emissions to 93 kilotonnes in the NCR, representing reductions of 67 percent, the CREA study found. “Over 96 percent of particulate pollution from coal-fired power plants in the NCR is secondary in nature, primarily originating from SO₂. Reducing SO₂ emissions can significantly decrease the secondary particulate matter load, thereby reducing the health risks associated with prolonged exposure to these particles,” said Manoj Kumar, Analyst, CREA. “SO₂ levels often meet the NAAQS because, once released, it quickly transforms into sulfates—secondary particles that are major components of PM2.5. These secondary particles have a longer lifetime and pose serious health risks. This hidden transformation of SO₂ into harmful particles emphasises the necessity for FGD installation,” he added. However, according to the Centre's Decision Support System for Air Quality Management, vehicular emissions contributed approximately 15.8 percent to Delhi's pollution on Sunday. The system also reported that stubble burning was the main contributor to the capital's air pollution on Saturday, accounting for 25 percent of the total pollution. Meanwhile, the prominent pollutant was PM2.5, according to the CPCB. PM2.5 refers to fine particles with a diameter of 2.5 micrometres or less, about the width of a human hair. These particles are so small that they can penetrate deep into the lungs and even enter the bloodstream, posing significant health risks. (With agency inputs)

2024-11-17 20:46

2024-11-17

20:46

moneycontrol.com

https://www.moneycontrol.com/news/india/manipur-funeral-of-10-kuki-zo-youths-on-hold-till-receipt-of-autopsy-reports-12869052.html

Manipur: Funeral of 10 Kuki-Zo youths on hold till receipt of autopsy reports

The post-mortem examination of the 10 Kuki-Zo youths, who ITLF claimed were village volunteers as against the Manipur government's assertion that they were militants, was conducted at Silchar Medical College and Hospital (SMCH) in Assam..

The funeral of 10 Kuki-Zo youths, who were killed in an alleged gunfight with CRPF, will not be conducted till their post-mortem reports were handed over to the families, a leading organisation representing the community said on Sunday. The Indigenous Tribal Leaders' Forum (ITLF), a key organisation of the Kuki-Zo community in Manipur, has convened an emergency meeting to decide its future course of action regarding the funeral of the 10 people, killed in Jiribam district. "Today, we will have a meeting on how to proceed with the funeral. We have not received the post-mortem examination documents yet. Without those, we cannot touch the bodies because if we tamper with the bodies, there could be some legality issues," ITLF spokesperson Ginza Vualzong told PTI. Accordingly, the bodies have been kept in the local hospital morgue for the time being after their arrival here on Saturday, he added. The post-mortem examination of the 10 Kuki-Zo youths, who ITLF claimed were village volunteers as against the Manipur government's assertion that they were militants, was conducted at Silchar Medical College and Hospital (SMCH) in Assam. "We are waiting for the documents. I don't know what is going on, may be the things are very fishy! If we do not receive the reports, then we will have to do the post-mortem examination here again. So, the burial will not take place soon unless all these formalities are done," Vualzong said. He said the Kuki organisation is exploring possibilities to conduct the autopsy again at Churachandpur District Hospital and a final decision will be taken during the meeting of the ITLF senior leaders. "If we receive the post-mortem examination reports in the meantime, experts in this field will carefully review the documents for any inconsistencies. The ITLF legal cell will take up all legal matters in this regard," Vualzong said. The Joint Philanthropic Organisation (JPO) will collaborate with the Hmar Inpui to plan the burial programme for the youths, he added. The bodies of the youths were airlifted to Churachandpur from Assam's Silchar town on Saturday afternoon. SMCH authorities are yet to release the postmortem report of the youths, sources said. On Saturday in Silchar, police resorted to lathi-charge outside the SMCH as family members of the youths clashed with forces demanding that the bodies be handed over to them. The Assam Police officials tried convincing them that the bodies would be handed over to Manipur Police and they could take up the matter with them. The agitated family members refused to accept the proposal and attacked police personnel and resorted to stone pelting, which injured several persons. They finally agreed to the proposal that both Manipur and Assam Police would airlift the bodies of the 10 youths to Churachandpur. Soon after, the bodies were airlifted and reached Churachandpur in the afternoon. The Manipur Police on November 11 claimed 10 suspected militants were killed in a fierce gunfight with security forces after insurgents in camouflage uniforms and armed with sophisticated weapons fired indiscriminately at Borobekra Police Station and an adjacent CRPF camp at Jakuradhor in Jiribam district. The suspected militants allegedly abducted six civilians, including women and children from the same district, police had claimed. More than 220 people have been killed and thousands rendered homeless in ethnic violence between Imphal Valley-based Meiteis and adjoining hills-based Kuki-Zo groups since May last year. It started after a 'Tribal Solidarity March' was organised in the hill districts to protest against the Meitei community's demand for Scheduled Tribe (ST) status. The ethnically diverse Jiribam, which was largely untouched by the clashes in Imphal Valley and the adjoining hills, witnessed violence after the mutilated body of a farmer was found in a field in June this year. Meiteis account for about 53 per cent of Manipur's population and live mostly in the Imphal Valley. Tribals — Nagas and Kukis — constitute little over 40 per cent and reside in the hill districts.

2024-11-17 20:42

2024-11-17

20:42

moneycontrol.com

https://www.moneycontrol.com/news/india/bjp-deliberately-wants-manipur-to-burn-says-congress-president-mallikarjun-kharge-12869051.html

'BJP deliberately wants Manipur to burn', says Congress president Mallikarjun Kharge

Leader of Opposition in Lok Sabha Rahul Gandhi also termed the recent string of violent clashes and continuing bloodshed in Manipur "deeply disturbing"..Related stories.

As fresh violence erupted in Manipur, Congress president Mallikarjun Kharge on Sunday alleged the ruling party deliberately wants the border state to burn as "it serves their hateful divisive politics". Meanwhile, Union Home Minister Amit Shah has cancelled his poll rallies in Maharashtra in view of the escalating violence in Manipur. Kharge said the people of state will never forgive or forget that Prime Minister Narendra Modi left them to fend for themselves and never set foot in their state to heal their miseries. "@narendramodi ji, Under your double engine governments, 'neither Manipur is one, nor is Manipur Safe'," the Congress president said in a post on X. "Since May 2023, it is undergoing unimaginable pain, division and simmering violence, which has destroyed the future of its people. "We are saying it with utmost responsibility that it looks that the BJP deliberately wants Manipur to burn, for it serves its hateful divisive politics," he said. Kharge said at least 17 people have lost their lives since November 7, adding new districts are being added to the list of strife-torn regions and the fire is spilling over to bordering northeastern states. "You have failed Manipur a beautiful border state. Even if you visit Manipur in future, people of the state will never forgive or forget that you left them to fend for themselves, and never set foot in their state to heal their miseries and find a solution," the Congress chief said. Leader of Opposition in Lok Sabha Rahul Gandhi also termed the recent string of violent clashes and continuing bloodshed in Manipur "deeply disturbing". He urged Prime Minister Modi to visit the state and work towards restoring peace in the region. In a post on X, Gandhi said the recent string of violent clashes and continuing bloodshed in Manipur is deeply disturbing. "After more than a year of division and suffering, it was the hope of every Indian that the Central and state governments would make every effort at reconciliation and found a solution," the former Congress chief said. "I urge the PM once again to visit Manipur and work towards restoring peace and healing in the region," he said. AICC general secretary, organisation, K C Venugopal, said the "ongoing surge of violence in Manipur shows the extent to which matters have gotten out of control". "The killings have once again become an everyday occurrence and the mobs rule the streets," he alleged in a post on X. "When even ruling party MLAs are not safe in Manipur, how can the ordinary citizen have any hope for peace? The crisis has spiralled out of control simply because of the PM and Home Minister's active choice to fuel the politics of hatred," he said in his post. "The HM is busy campaigning, while the PM is off to yet another foreign visit while Manipur burns again. It is our urgent plea to the Centre to restore peace in Manipur at the earliest," the Congress leader said. A day after the bodies of three out of six missing persons were fished out of a river in Manipur, the protesters on Saturday attacked the residences of three state ministers and six MLAs, prompting the government to clamp prohibitory orders in five districts for an indefinite period besides suspending internet services in parts of the state. In Imphal, angry protesters ransacked the houses of three legislators, including that of Chief Minister N Biren Singh's son-in-law, and set their properties on fire even as the security forces fired tear gas shells to disperse the agitators.

2024-11-17 20:40

2024-11-17

20:40

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/stock-radar-hero-motocorp-glenmark-adani-total-gas-igl-cyient-acme-delhivery-crompton-greaves-honasa-consumer-in-focus-on-monday-12869037.html

Stock Radar: Hero MotoCorp, Glenmark, Adani Total Gas, IGL, Cyient, ACME, Delhivery, Crompton Greaves, Honasa Consumer in focus on Monday

Stocks on Radar.Related stories.

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and fund-raising, here’s a quick look at which stocks will be in focus in today's trade: Results Today Godavari Biorefineries, Waaree Energies, Valecha Engineering, and Samyak International will release quarterly earnings on November 18. Quarterly Earnings Hero MotoCorpQ2 (Standalone YoY) Profit grows 14.2% to Rs 1,203.5 crore Vs Rs 1,053.8 crore Revenue increases 10.8% to Rs 10,463.2 crore Vs Rs 9,445.4 crore EBITDA jumps 14.1% to Rs 1,515.9 crore Vs Rs 1,328.3 crore Margin expands 40 bps to 14.5% Vs 14.1% Grasim IndustriesQ2 (Standalone YoY) Profit declines 9.3% to Rs 721 crore Vs Rs 794.7 crore Revenue increases 18.3% to Rs 7,623.3 crore Vs Rs 6,442 crore EBITDA tanks 45.2% to Rs 325.2 crore Vs Rs 593.6 crore Margin drops 490 bps to 4.3% Vs 9.2% Other income zooms to Rs 1,293.6 crore Vs Rs 760.3 crore Exceptional loss at Rs 50 crore Vs Nil SobhaQ2 (Consolidated YoY) Profit spikes 74.6% to Rs 26.1 crore Vs Rs 14.9 crore Revenue grows 26% to Rs 933.6 crore Vs Rs 741.2 crore EBITDA climbs 2.2% to Rs 77.1 crore Vs Rs 75.4 crore Margin drops 190 bps to 8.3% Vs 10.2% Finance cost declines to Rs 49.4 crore Vs Rs 63.9 crore Nazara TechnologiesQ2 (Consolidated YoY) Profit falls 19.6% to Rs 18.1 crore Vs Rs 22.5 crore Revenue grows 7.3% to Rs 318.9 crore Vs Rs 297.2 crore Board approves merger of Paperboat Apps with Nazara Lemon Tree HotelsQ2 (Consolidated YoY) Profit jumps 32.8% to Rs 35 crore Vs Rs 26.4 crore Revenue increases 24% to Rs 284.4 crore Vs Rs 229.4 crore Glenmark PharmaQ2 (Consolidated YoY) Profit stands at Rs 354.5 crore Vs loss of Rs 180.3 crore Revenue increases 7.1% to Rs 3,433.8 crore Vs Rs 3,207.4 crore Balaji AminesQ2 (Consolidated YoY) Profit rises 18.1% to Rs 41 crore Vs Rs 34.7 crore Revenue falls 8.8% to Rs 346.9 crore Vs Rs 380.5 crore Honasa ConsumerQ2 (Consolidated YoY) Loss stands at Rs 18.6 crore Vs profit of Rs 29.4 crore Revenue declines 6.9% to Rs 461.8 crore Vs Rs 496.1 crore Muthoot FinanceQ2 (Standalone YoY) Profit grows 26.3% to Rs 1,251.1 crore Vs Rs 991 crore Net interest income jumps 35.5% to Rs 2,518 crore Vs Rs 1,858.4 crore ITIQ2 (Consolidated YoY) Loss narrows to Rs 70.3 crore Vs loss of Rs 126 crore Revenue zooms 312.3% to Rs 1,016.2 crore Vs Rs 246.5 crore Crompton Greaves Consumer ElectricalsQ2 (Consolidated YoY) Profit zooms 28.5% to Rs 124.9 crore Vs Rs 97.2 crore Revenue increases 6.4% to Rs 1,896 crore Vs Rs 1,782.3 crore Easy Trip PlannersQ2 (Consolidated YoY) Profit plunges 45.2% to Rs 25.9 crore Vs Rs 47.2 crore Revenue rises 2.1% to Rs 144.7 crore Vs Rs 141.7 crore Swan EnergyQ2 (Consolidated YoY) Profit declines 39.4% to Rs 51.3 crore Vs Rs 84.6 crore Revenue slips 15.6% to Rs 1,032.2 crore Vs Rs 1,223.3 crore DelhiveryQ2 (Consolidated YoY) Profit stands at Rs 10.2 crore Vs loss of Rs 102.9 crore Revenue grows 12.8% to Rs 2,189.7 crore Vs Rs 1,941.7 crore Mahanagar Telephone NigamQ2 (Consolidated QoQ) Loss widens to Rs 890.3 crore Vs loss of Rs 773.5 crore Revenue declines 5.2% to Rs 174.2 crore Vs Rs 183.9 crore Avanti FeedsQ2 (Consolidated YoY) Profit spikes 53.1% to Rs 113.7 crore Vs Rs 74.2 crore Revenue grows 6% to Rs 1,355.1 crore Vs Rs 1,278.5 crore Anupam RasayanQ2 (Consolidated YoY) Profit declines 37.1% to Rs 30.6 crore Vs Rs 48.7 crore Revenue drops 25% to Rs 294 crore Vs Rs 392.1 crore Stocks To Watch Reliance Industries Reliance Industries, Viacom18, and Disney announced that the merger of the media and JioCinema businesses of Viacom18 into Star India has become effective, following approvals from the NCLT Mumbai, the Competition Commission of India, and other regulatory authorities. RIL has invested Rs 11,500 crore into the joint venture (JV) to support its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The JV will be led by three CEOs who will guide the company into a new era of ambition and disruption. Nita Ambani will serve as the Chairperson of the JV, with Uday Shankar as Vice Chairperson. ACME Solar Holdings The company's subsidiary, ACME Sun Power, has secured a Rs 3,753 crore term loan financing from REC for the development and construction of 320 MW of Firm and Dispatchable Renewable Energy (FDRE) projects in collaboration with SJVN, in Rajasthan and Gujarat. Hindustan Zinc The world’s second-largest integrated zinc producer has been awarded a composite license for a gold mining block in Rajasthan through state government auctions. The company has been declared the preferred bidder for the Dugocha gold block. Cyient The company has announced the expansion of its partnership with Allegro MicroSystems Inc to develop next-generation magnetic sensors and power semiconductor products for the automotive industry. Adani Total Gas GAIL India has announced a further 13% reduction in the allocation of APM gas to the company, effective November 16. This reduction applies across the city gas distribution (CGD) industry and is expected to have an adverse impact on the company's profitability. The company will adjust retail prices for consumers to mitigate the impact of the lower allocation, while continuing to provide uninterrupted gas supply to its consumers. Indraprastha Gas GAIL India, the nodal agency for domestic gas allocation, has announced a further reduction in the domestic gas allocation to Indraprastha Gas, effective November 16. The revised allocation is approximately 20% lower than the previous allocation, which is expected to have an adverse impact on the company's profitability. Nureca The company has entered into a Distribution Agreement to make its products available on Zepto, a quick-commerce platform in India. Based on ongoing business discussions, it is anticipated that the volume of orders and sales on this platform may exceed the materiality threshold in upcoming quarters. Block Deals Ramkrishna Forgings Think India Opportunities Master Fund LP purchased a 0.11% stake in the forging company at an average price of Rs 922.8 per share, from Societe Generale - ODI. PNB Housing Finance BNP Paribas Financial Markets purchased a 0.05% stake in PNB Housing Finance at an average price of Rs 914.75 per share, from Goldman Sachs (Singapore) Pte - ODI. SME Listing on November 18 Neelam Linens and Garments (India) Stocks Trade Ex-Dividend Emami, Manappuram Finance, Sundram Fasteners, CFF Fluid Control F&O Ban Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper

2024-11-17 20:39

2024-11-17

20:39

moneycontrol.com

https://www.moneycontrol.com/news/india/delhi-second-most-polluted-city-in-india-air-quality-severe-12869050.html

Delhi second-most polluted city in India; air quality 'severe'

Of the 40 monitoring stations in the capital, data from 34 provided by the CPCB showed that 32 stations recorded the air quality in the "severe" category, with AQI levels of above 400..Related stories.

Delhi's air quality worsened further on Sunday, with an AQI of 441, making it the second-most polluted city in the country. The city's 24-hour Air Quality Index (AQI), recorded at 4 pm daily, stood at 441, in the "severe" category. On Saturday, the AQI was 417. According to the Central Pollution Control Board (CPCB), a "severe" AQI poses risks to healthy individuals and severely impacts those with pre-existing health conditions. Four cities in the country recorded the AQI in the "severe" category. Bahadurgarh in Haryana topped the list with an AQI of 445, followed by Delhi (441), Bhiwani in Haryana (415) and Bikaner in Rajasthan (404), according to the CPCB's data. Of the 40 monitoring stations in the capital, data from 34 provided by the CPCB showed that 32 stations recorded the air quality in the "severe" category, with AQI levels of above 400. An AQI between 0 and 50 is considered "good", 51 and 100 "satisfactory", 101 and 200 "moderate", 201 and 300 "poor", 301 and 400 "very poor", 401 and 450 "severe" and above 450 "severe plus". With the third stage of the Graded Response Action Plan (GRAP) restrictions coming into force in Delhi-NCR from Friday, a stringent ban has been imposed on construction and demolition activities, mining-related operations have been suspended, shifting to online classes for students up to Class 5 is being considered and daily water sprinkling on major roads has been mandated. The GRAP for Delhi-NCR is divided into four stages of air quality — Stage 1 for "poor" air quality (AQI ranging from 201 to 300), Stage 2 for "very poor" air quality (AQI from 301 to 400), Stage 3 for "severe" air quality (AQI from 401 to 450) and Stage 4 for "severe plus" air quality (AQI above 450). According to the Centre's Decision Support System for Air Quality Management, vehicular emissions contributed approximately 15.8 per cent to Delhi's pollution on Sunday. The system also reported that stubble burning was the main contributor to the capital's air pollution on Saturday, accounting for 25 per cent of the total pollution. Meanwhile, the prominent pollutant was PM2.5, according to the CPCB. PM2.5 refers to fine particles with a diameter of 2.5 micrometres or less, about the width of a human hair. These particles are so small that they can penetrate deep into the lungs and even enter the bloodstream, posing significant health risks.

2024-11-17 20:38

2024-11-17

20:38

moneycontrol.com

https://www.moneycontrol.com/news/india/nepal-india-agree-to-better-coordinate-border-security-12869043.html

Nepal, India agree to better coordinate border security

The two sides stressed the need to take the ongoing coordination between the two agencies down to lower levels to curb cross-border crimes and illegal activities, Home Ministry sources said..

Nepal and India during an annual meeting agreed to better coordinate on border security and reviewed the work done in the past year in managing related challenges, an official said. Two sides during the eighth Nepal-India Border Security Coordination meeting between the Armed Police Force of Nepal and Sashastra Seema Bal (SSB) here on Saturday discussed "a bunch of issues related to the boundary, border, human trafficking, checking cross-border criminal activities and coordination between the two agencies in border areas", Rishi Ram Tiwari, the spokesperson at the Home Ministry, told media persons. The meeting involving the Director Generals of SSB and APF focused on "several issues pertaining to better coordination on border security”, Tiwari said. “We also reviewed the works done in the past year and progress made on different fronts as well as the challenges,” he said. The two sides stressed the need to take the ongoing coordination between the two agencies down to lower levels to curb cross-border crimes and illegal activities, Home Ministry sources said.

2024-11-17 20:27

2024-11-17

20:27

moneycontrol.com

https://www.moneycontrol.com/news/world/pakistan-discusses-7-bn-bailout-reform-agenda-with-imf-in-unusual-talks-12869042.html

Pakistan discusses $7 bn bailout reform agenda with IMF in unusual talks

Pakistan's $350 billion economy has struggled for decades with boom-and-bust cycles, needing 23 IMF bailouts since 1958..Related stories.

Pakistan discussed its $7 billion bailout reform agenda with the International Monetary Fund during an unscheduled staff visit last week, Finance Minister Muhammad Aurangzeb said on Sunday, suggesting no new taxes are to be imposed. The talks in Islamabad came within six weeks of the IMF approving the bailout, an unusual move as it is rare for the fund to discuss reforms ahead of a review of the reform plan under the loan programme. A first review of Pakistan's reforms is due in the first quarter of 2025. "We discussed reforms in taxation, energy sector, privatisation of loss-making state-owned enterprises (SOEs) and public finance," Aurangzeb said in a recorded video statement broadcast by state-run television. After wrapping up the visit, the IMF had said it was encouraged by Islamabad's reaffirmed commitment to the economic reforms under the Extended Fund Facility its board had approved in September to reduce vulnerabilities. The mission did not state the weaknesses, but sources in Pakistan's finance ministry have said some major lapses prompted the IMF's visit. Among these were a shortfall of nearly 190 billion rupees ($685 million) in revenue collection during the first quarter of the current fiscal year, the sources said. The period also saw an external financing gap of $2.5 billion, while Pakistan failed in the bid to sell its national airline. It had prompted fears that Pakistan might need to impose new taxes to bridge the shortfall. But Aurangzeb said the shortfall will be met only with enforcement to get people to pay their taxes, implying there would not be any new revenue measures. "We are going to be very firm on compliance and enforcement," he said, adding that al the sectors will have to play their role in contributing towards the country's economy. The IMF said both sides agreed on the need to continue prudent fiscal and monetary policies, and to mobilise revenue from untapped tax bases. Pakistan's $350 billion economy has struggled for decades with boom-and-bust cycles, needing 23 IMF bailouts since 1958.

2024-11-17 20:13

2024-11-17

20:13

moneycontrol.com

https://www.moneycontrol.com/news/india/retail-tomato-prices-drop-22-on-improved-supplies-govt-12869033.html

Retail tomato prices drop 22% on improved supplies: Govt

Favourable weather conditions have supported both crop growth and smooth supply chain movement from fields to consumers, the statement noted..Related stories.

Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according to an official statement. During the same period, modal wholesale prices at Delhi's Azadpur mandi witnessed a sharper decline of nearly 50 per cent to Rs 2,969 per quintal from Rs 5,883 per quintal, driven by increased arrivals. Similar price corrections were reported from key markets like Pimpalgaon (Maharashtra), Madanapalle (Andhra Pradesh), and Kolar (Karnataka), the ministry said. "Though arrivals have subsided at major tomato centres in Madanapalle and Kolar, prices have eased due to seasonal supplies from Maharashtra, Madhya Pradesh and Gujarat filling supply gaps nationwide," it added. Favourable weather conditions have supported both crop growth and smooth supply chain movement from fields to consumers, the statement noted. The country's tomato production is projected to increase 4 per cent to 213.20 lakh tonne in 2023-24. While tomatoes are grown year-round, production varies seasonally across regions. The ministry said adverse weather and logistics disruptions significantly impact prices due to the crop's high susceptibility and perishable nature. The price surge during October 2024 was attributed to excessive and prolonged rains in Andhra Pradesh and Karnataka. October and November are the main sowing periods in major producing states. Regular market availability is maintained due to the crop's short cultivation duration and multiple harvests, the ministry added.

2024-11-17 20:03

2024-11-17

20:03

moneycontrol.com

https://www.moneycontrol.com/news/india/high-street-fashion-brands-to-turn-focus-to-india-for-manufacturing-mckinsey-company-12869034.html

High-street fashion brands to turn focus to India for manufacturing: McKinsey & Company

McKinsey & Company further stated that global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years.Related stories.

A recent report published by global consultancy firm McKinsey & Company has found that India will be the focus for high street fashion brands now that they are turning to Asian growth markets such as India for their manufacturing needs. This has been necessitated by China's economic deceleration, changing consumer preferences, and the return of international travel, the report stated, adding that these factors are making growth in the country highly challenging. McKinsey & Company further stated that global fashion executives rank Asia growth markets as their top sourcing hotspots for the next five years and added that the regulatory incentives provided by the governments in these countries fuel manufacturer capability building. "The Indian government has invested around $2.5 billion in production-linked incentives and reforms to quality control orders, while foreign investment has increased 3x since 2019," the report added. “India is expected to play a more prominent role,” the firm said, highlighting that the country is set to take on a bigger role in the global apparel market. It added, “India’s strong growth is rendering it a key global fashion market, particularly in the mid-market segment, which is expected to grow around 12 to 17 percent in 2025 compared to the projected low single-digit growth of the global fashion market.” However, the report also points out that India recorded the highest percentage of apparel quality failures in 2023, although it stated that these issues may improve soon. Going further, the report adds that the growth of the non-luxury segment will be fuelled by the middle class and digitization. "There are 430 million people in India's middle class--greater than the middle classes of the US and Western Europe combined. It is expected to reach 1 billion by 2050, largely from tier-two and -three cities," it adds. "Indian fashion customers are increasingly trend-focused. Digitization is accelerating this shift, as is the large share of young consumers in the country. People under the age of 35 make up 66 percent of India's population, amounting to over 808 million people," the report further adds. The report also highlighted the opportunity in India’s luxury segment stating that the population of ultra-high-net-worth individuals (UHNWI), with over $30 million in assets, is expected to grow 50 percent from 2023 to 2028 in the country, making it the fastest-growing UHNWI population in the world. “Aspirational customers, who make up about half of global luxury sales, are expected to grow from 60 million in 2023 to 100 million in 2027,” it added. (With ANI inputs)

2024-11-17 19:36

2024-11-17

19:36

moneycontrol.com

https://www.moneycontrol.com/news/business/companies/anil-ambanis-reliance-group-sets-up-centre-to-helm-2030-growth-strategy-12869032.html

Anil Ambani's Reliance Group sets up centre to helm 2030 growth strategy

The RGCC will play a pivotal role in mentoring and developing emerging leaders, blending experience with fresh talent to propel the Group towards sustained growth..Related stories.

Anil Ambani's Reliance Group has launched the Reliance Group Corporate Centre (RGCC) as part of its 2030 growth strategy. "The RGCC will serve as a strategic hub, providing guidance to the Group's companies as they pursue new opportunities and technological advancements," the firm said in a statement. The core team of RGCC will include experienced leaders of the Group — Sateesh Seth, Punit Garg, and K Raja Gopal. Garg currently leads as CEO of Reliance Infrastructure, while K Raja Gopal has been at the helm of Reliance Power for six years. He has over 27 years experience in the power sector. Other leaders from the Group companies will also be invited to the RGCC. "The establishment of RGCC aims to harness the in-house expertise of these seasoned leaders to support the Group's forward-looking growth initiatives and cultivate a new generation of leadership for future project," the statement said. The RGCC will play a pivotal role in mentoring and developing emerging leaders, blending experience with fresh talent to propel the Group towards sustained growth. A Reliance Group spokesperson highlighted, "We are thrilled to introduce RGCC, a team of seasoned professionals with a broad spectrum expertise. This strategic move aims to steer the Group's future growth by tapping into the vast experience of these leaders, will help navigate industry challenges and capitalise on new opportunities, drive innovation, and deliver exceptional value to our customers and stakeholders. We believe RGCC will be instrumental in shaping the next phase of our Group's success." In recent developments, Reliance Infrastructure Ltd and Reliance Power Ltd, key entities under the Reliance Group, have achieved zero bank debt status and outlined plans for expansion into new growth areas. Reliance Power has secured 1,270 MW of renewable power projects in Bhutan, while Reliance Infrastructure, through its subsidiary Reliance Defence Ltd, is setting up a manufacturing facility for small arms, ammunition, and explosives in Ratnagiri, Maharashtra, spanning 1,000 acres. "To support these ambitious expansion plans, the companies have announced a combined fundraising effort of Rs 17,600 crore. This includes Rs 4,500 crore via preferential equity issues, Rs 7,100 crore from Varde Partners through equity-linked long-term FCCBs, and Rs 6,000 crore via Qualified Institutional Placement (QIP), with Reliance Power and Reliance Infrastructure each targeting Rs 3,000 crore," it added.

2024-11-17 19:31

2024-11-17

19:31

moneycontrol.com

https://www.moneycontrol.com/news/world/indias-free-trade-pacts-not-paused-all-talks-progressing-as-per-schedule-official-12869023.html

India's free trade pacts not paused, all talks progressing as per schedule: Official

India's free trade pacts not paused, all talks progressing as per schedule: Official.Related stories.

Negotiations for all the proposed free trade agreements, including those with the UK and European Union (EU), are progressing as per the schedule and the country's FTAs are not paused, a top government official has said. The official said that an impression is going around that FTAs are paused, which is not correct. "All our FTAs, whether it is with the EU or UK, all are progressing as per the schedule," the official said. In the coming weeks, a bilateral meeting is scheduled between the commerce secretary and the Director-General of the European Union to take stock of the negotiations for the proposed trade agreement with the European Union. They will also meet as part of the Trade and Technology Council (TTC). Besides the EU and the UK, India is negotiating these agreements with Australia, Peru, Sri Lanka, and Oman. In such pacts, two trading partners either significantly cut customs duties or remove the maximum number of goods traded between them. They also ease norms to promote trade in services and attract investments. India has so far implemented FTAs with a number of nations including Japan, Korea, Singapore, and the UAE. According to the commerce ministry, the next round of negotiations for the proposed free trade agreement between India and South American nation Peru will be held after finalisation of the FTA strategy. The standard operating procedure (SOP) or strategy document for negotiating free trade agreements (FTAs) is expected to be ready by the end of this year. It is an internal document aiming to standardise the processes of negotiations of these pacts. The ministry has also informed that the negotiations for a comprehensive economic partnership agreement (CEPA) with Oman were completed in March this year, but further discussions are ongoing.

2024-11-17 19:27

2024-11-17

19:27

moneycontrol.com

https://www.moneycontrol.com/news/business/real-estate/prestige-estates-to-launch-rs-52000-cr-housing-projects-by-march-2025-amid-strong-demand-12869026.html

Prestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand

Prestige Estates to launch Rs 52,000-cr housing projects by March 2025 amid strong demand.Related stories.

Realty firm Prestige Estates Projects Ltd plans to launch housing projects worth Rs 52,000 crore by March next year to encash surge in demand for residential properties. In its latest investors presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53 million sq ft area with a total sales bookings value of Rs 52,114 crore. According to a transcript of conference call with analysts, Prestige Estates CMD Irfan Razack expressed confidence that the company will be able to meet its sales bookings guidance for this fiscal year at Rs 24,000 crore. During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of Rs 21,040 crore. Prestige Estates recorded sales of Rs 4,022.6 crore in the September quarter as against Rs 7,092.6 crore in the year-ago period. During the April-September period, the company's sales bookings fell to Rs 7,052.2 crore as against Rs 11,007.3 crore in the corresponding period last year. Nevertheless, Razack is confident of not only meeting the target but exceeding it considering the strong pipeline of new launches. "So I think the market is good. The demand continues to be there as long as we have the product and the location, which is the mid-income. And I believe there is enough and plenty of demand that will keep coming. We, at the company, have a lot of launches in the pipeline for this quarter and the next," Razack said. He said the company is working relentlessly to see that it gets the approvals and the RERA number for most of the projects that it wants to launch this quarter as well as in the next. The company's Executive Director, Zayd Noaman, said the gross development value of these projects launched during the first half of this fiscal year stood at Rs 10,000 crore, of which the second quarter launches contributed to Rs 8,600 crore. Prestige Estates Chief Financial Officer (CFO) Amit Mor said the company would launch Rs 25,000 crore worth projects in this quarter and the remaining in the fourth quarter of FY25. Prestige Group, one of the leading real estate developers in the country, has diversified business model across various segments — residential, office, retail, hospitality, property management and warehouses — with operations in more than 13 major locations. The Group has completed 302 projects spanning a developable area of 193 million sq ft as of September 2024.

2024-11-17 19:26

2024-11-17

19:26

moneycontrol.com

https://www.moneycontrol.com/news/india/congress-urges-ec-to-block-jharkhand-bjps-social-media-accounts-over-divisive-videos-12869008.html

Congress urges EC to block Jharkhand BJP's social media accounts over 'divisive' videos

Ramesh criticised the video as part of a deliberate attempt to influence voters and dissuade them from supporting opposition parties..

Congress has filed a fresh complaint with the Election Commission (EC) against the Jharkhand BJP, demanding the blocking of the party’s Facebook and 'X' accounts. The complaint, filed by Party General Secretary (Communications) Jairam Ramesh, accuses the BJP of posting a video that spreads a "false narrative" against a religious community. Congress is also seeking an order for the removal of all "communal, divisive, and malicious" videos shared by the party on its social media platforms. Ramesh's complaint highlights the BJP’s failure to take down a previous video, despite Congress’s earlier complaint, which led to a case being registered under the EC’s directives. The new complaint is based on a video recently uploaded by the BJP, which Ramesh claims maligns the I.N.D.I.A. bloc partner Jharkhand Mukti Morcha (JMM), suggesting it favors a minority community. The video also features an actor resembling Jharkhand Chief Minister Hemant Soren.Our second complaint to the Election Commission against BJPs false, misleading, and communal social media posts being uploaded on BJPs official Facebook and X Account. Despite registration of a criminal case, the BJP has not taken down their earlier social media posts. They arepic.twitter.com/01ADlQEW0tJairam Ramesh (@Jairam_Ramesh)November 17, 2024 Ramesh criticised the video as part of a deliberate attempt to influence voters and dissuade them from supporting opposition parties. He described the BJP’s actions as a continuation of a divisive campaign to propagate a communal narrative. “The malafide motive and messaging behind the video is very clear,” Ramesh said, adding that the BJP had become emboldened due to the lack of action on their previous complaint. In addition to blocking the BJP’s social media handles, Congress is urging the EC to delete all similar content and register an FIR against those responsible for managing the party's online accounts. This complaint follows a similar issue raised by Congress on November 10, when they had approached the EC regarding a BJP video that allegedly made anti-tribal allegations against leaders from the JMM, Congress, and RJD. An FIR was also filed in that case.

2024-11-17 19:14

2024-11-17

19:14

moneycontrol.com

https://www.moneycontrol.com/news/india/mva-set-to-get-majority-says-balasaheb-thorat-signals-cm-ambitions-12869018.html

MVA set to get majority, says Balasaheb Thorat; signals CM ambitions

MVA set to get majority, says Balasaheb Thorat; signals CM ambitions.Related stories.

Senior Congress leader and Maharashtra assembly poll candidate Balasaheb Thorat has asserted that the opposition Maha Vikas Aghadi (MVA) will win a clear majority and also indicated his chief ministerial aspirations. In an exclusive interview to PTI ahead of the November 20 state assembly polls, Thorat (71) said he is among the few senior leaders in the MVA after NCP (SP) head Sharad Pawar and enjoys cordial relations with leaders of the alliance. Thorat's assertion has come at a time when the ruling Mahayuti coalition has been reluctant to declare incumbent Chief Minister Eknath Shinde as the next CM, with BJP leader Devendra Fadnavis saying a decision on it will be taken after the poll results are announced. "I am among the senior leaders in the MVA after Sharad Pawar," Thorat, an eight-term MLA from Sangamner in Ahilyanagar district, told PTI when asked whether he saw himself as an acceptable face of the opposition alliance. "But, I hail from central Maharashtra," Thorat quipped to a query on if he would like to see the next chief minister from western Maharashtra. Ahilyanagar district is located on the cusp of western and north Maharashtra. Thorat, who held several prominent ministerial positions in the previous Maharashtra governments since 1999, is taking on Amol Khatal of the Shiv Sena in Sangamner. The Congress high command had despatched Thorat for seat-sharing talks with allies Shiv Sena (UBT) and NCP (SP) after Maharashtra Congress chief Nana Patole ruffled feathers of the alliance partners. Thorat is the leader of the Congress Legislature Party in Maharashtra and also former president of the state party unit. "I see good prospects for the MVA. We are set to get a majority and are now working to better our numbers," said Thorat, who is also a permanent invitee to the Congress Working Committee. He also ruled out any political re-alignment after the Maharashtra assembly election results, as seen in 2019 when the (then undivided) Shiv Sena dumped long-term ally BJP and joined hands with the NCP and Congress to make Uddhav Thackeray the chief minister. Asked whether Congress saw itself as the elder brother of the MVA alliance, Thorat said there was no such thing and the coalition partners will sit together and decide on the government formation. "Our first and foremost agenda is to get rid of the Mahayuti government that is neck deep in corruption," he claimed. Thackeray was unseated as chief minister in 2022 after Eknath Shinde claimed support of several Shiv Sena MLAs and joined hands with the BJP. The NCP also saw Ajit Pawar claiming the support of more than two-thirds of its MLAs when he joined the Shinde-led government last year, which led to a split in the party founded by Sharad Pawar. "The Eknath Shinde-led government was formed on the foundation of corruption. Even anti-defection laws were circumvented to break two parties," Thorat charged while targeting the Mahayuti government of the Shiv Sena, BJP and Ajit Pawar's NCP. On one hand, the state government had rolled out schemes like Ladki Bahin (for financial assistance to women) and on the other, BJP leaders such as Pasha Patel and Dhananjay Mahadik were seen allegedly making fun of women through objectionable remarks and gestures, he said. "Their disinterest about the welfare of women is out in the open for everyone to see. The videos of Patel and Mahadik have reached every household," he said. Thorat claimed the BJP's campaign acquired communal overtones as the ruling alliance has realised that welfare schemes rolled out after setbacks in the Lok Sabha elections were not gaining the desired traction. "It appears that the BJP's top leadership wants to trigger riots in the state. It is unfortunate to see the top leadership of the country, whose primary responsibility is to ensure religious harmony, resort to such politics of polarisation," he charged.

2024-11-17 19:13

2024-11-17

19:13

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/uaes-stock-exchange-touches-1-trillion-market-capitalisation-for-the-first-time-12868991.html

UAE's stock exchange touches $1 trillion market capitalisation for the first time

There has also been an increasing apetite from global investors for IPOs in UAE this year, prominent among them are the likes of LulU Retail, Alef Education, among others..Related stories.

United Arab Emirates' stock exchange has touched the market capitalisation of $1 trillion for the first time, as per data from Bloomberg News on November 17, making it bigger than several emerging markets. The rise of the stock market of UAE has been backed by the government's effort to attract greater foreign investments and economic fundamentals of the region, helped by a strong growth in key cities, and a growing population. There has also been an increasing appetite from global investors for IPOs in UAE this year, prominent among them are the likes of Lulu Retail, Alef Education, among others. Some of the UAE-based companies in the space of green energy and AI too are attracting funds for global investors. All of this has enhanced the trading volumes and participation in UAE's share market, nurturing the ambition of being a global financial centre. Companies linked to one of the key royals, Sheikh Tahnoon bin Zayed Al Nahyan - the Deputy ruler of Abi Dhabi and UAE's National Security Adviser - have been crucial in this journey to the trillion dollar milestone. International Holding Company (IHC) - an Abu Dhabi-listed holding company chaired by Sheikh Tahnoon - manages a diversified portfolio of domestic as well as foreign investments, and stands at a market cap of close to $250 billion, a fourth of the total value of UAE’s listed equities. Shares of IHC have risen nearly 42,000% since 2019, making it the second-most valued company in the entire Gulf region, after Saudi Aramco. As per the Abu Dhabi Stock Exchange, IHC is 88% owned by UAE nationals, and controlled by the UAE royals. The IHC has also invested in three Adani companies — Adani Green Energy, Adani Energy Solutions and Adani Enterprises. The International Holding Company has also announced a $1.36 billion share buyback, starting with an initial tranche that's 36% of the total size, starting November 18. The UAE's stock market is also part of the MSCI Emerging Markets Index with a 1.2% weightage in the index, as cited by Bloomberg News.

2024-11-17 19:09

2024-11-17

19:09

moneycontrol.com

https://www.moneycontrol.com/technology/tatas-assam-semiconductor-facility-to-produce-up-to-48-mn-chips-per-day-article-12869013.html

Tata’s Assam semiconductor facility to produce up to 48 mn chips per day

The project, which has been designed to cater to essential sectors such as automotive, electric vehicles, telecommunications, and consumer electronics, is expected to be completed by mid-2025..

Tata group's semiconductor assembly and test plant in Assam's Morigaon, which will see an investment of Rs 27,000 crore, is likely to produce up to 48 million semiconductor chips every day, a government statement said on November 17. The plant will employ advanced packaging technologies like flip chip and integrated system in package (ISIP), the statement said. The project, which has been designed to cater to essential sectors such as automotive, electric vehicles, telecommunications, and consumer electronics, is expected to be completed by mid-2025. "The Morigaon unit goes beyond technological development, it brings significant socio-economic benefits by generating 15,000 direct and 11,000-13,000 indirect jobs, contributing to regional economic growth in Assam and nearby areas. As a high-capacity production site, the facility’s daily output will serve both domestic and international markets, positioning India as a competitive force in the global semiconductor supply chain." it said. According to industry estimates, the Indian semiconductor market stood at approximately $38 billion in 2023, with projections indicating growth to $109 billion by 2030.

2024-11-17 18:55

2024-11-17

18:55

moneycontrol.com

https://www.moneycontrol.com/news/india/jhansi-hospital-fire-father-turns-saviour-for-several-babies-but-couldnt-save-his-twin-daughters-12869005.html

Jhansi hospital fire: Father turns saviour for several babies but couldn't save his twin daughters

Mansuri, a food vendor from Harimpur, helped save the lives of several infants from the devastating fire, but lost his twin daughters to the blaze.

Yakoob Mansuri, a young father in his 20s, has emerged as the hero of the Jhansi hospital fire tragedy, which claimed the life of several neonates. Mansuri, a food vendor from Harimpur, helped save the lives of several infants from the devastating fire, but lost his twin daughters to the blaze. Mansuri and his wife Nazma were taking turns to keep watch on the twins. He was sleeping outside the neonatal intensive care unit (NICU) of Maharani Laxmi Bai Medical College when the fire broke out on the night of November 15, Times of India reported. As per the report, he smashed the window of the NICU and rushed into the room to try and rescue as many infants as possible. Unfortunately, he could not save his own daughters, whose bodies were identified the next day, on November 16. Sanjana Kumari, another mother who lost her baby in the fire, also had to witness the horrific incident and stood helpless as her child got charred to death before her eyes. “My baby was burned to death in front of my eyes and I just watched helplessly. The hospital's negligence destroyed my dreams. I couldn't even hold my child,” Kumari was quoted in the report as saying. At least 10 children died and 16 others sustained injuries in the fire that engulfed the children's ward of the medical college in Jhansi, Uttar Pradesh, possibly due to an electrical short circuit.

2024-11-17 18:36

2024-11-17

18:36

moneycontrol.com

https://www.moneycontrol.com/technology/how-to-take-screenshots-on-windows-11-laptops-article-12868985.html

How to take screenshots on Windows 11 laptops

Windows 11 Start Menu.

Taking screenshots is a common way of sharing something with friends and family. We often take screenshots on phones and laptops and even on other devices. While Windows PCs have been offering the option to take screenshots for a long time, things have slightly changed with Windows 11 over the years. First up, Microsoft updated the good old Snipping Tool with new features and second, there are some simple and easy-to-use keyboard shortcuts to capture screenshots on Windows 11-powered laptops and PCs. If you are wondering about how to take screenshots on your Windows PCs, here are some ways you can use them. Use Snipping ToolThe Snipping Tool has been updated with more features. For instance, it can now take screenshots and save them automatically. Plus, there’s now a built-in screen recorder too. To take screenshots using the Snipping Tool, you can use the following ways. Open the Snipping Tool and click on Capture buttonThe most simple way to take screenshots is to open the Snipping Tool app and click on the screen capture button at the top placed on the left side of the screen recording button. Win + Shift + S keyboard shortcutIf you want to take a screenshot directly, simply press Win + Shift + S to trigger the screen capture feature and then select the area to capture the screenshot. If these two ways aren’t enough, there are more. Win + Print screen buttonAlternatively, you can directly press the Win + Print screen button on the keyboard to capture the screenshot of the entire screen all at once. Game BarWindows 11 PCs also come with a built-in Game Bar toggle. The tool allows users to capture screenshots as well. You can also record the screen using the tool.

2024-11-17 18:05

2024-11-17

18:05

moneycontrol.com

https://www.moneycontrol.com/news/india/how-a-real-estate-tycoons-bold-risks-and-ex-pms-vision-turned-india-into-global-it-services-hub-12868979.html

How a real estate tycoon's bold risks and ex-PM's vision turned India into global IT services hub

Kushal Pal Singh, chairman emeritus, DLF Ltd.Related stories.

When Rajiv Gandhi was the prime minister, he was determined to bring General Electric into India and his wish was fulfilled by DLF's K P Singh, who helped catalyse the American giant's presence in this country, says a new book. Singh talks about his journey through India's transforming landscapes and his indelible contributions to the industry in "Why the Heck Not", published by Penguin Random House India. Co-authored with Aparna Jain, Singh also writes about the bold risks and visionary decisions that shaped his career, as well as the challenges he overcame. Delving into the GE story, the book says in the mid to late '80s, Gandhi revered GE chairman and CEO Jack Welch as a business icon. Determined to bring him to India, he dispatched the Indian envoy in Washington, Ambassador P K Kaul, to extend a formal invitation, it says. "At the time, India was not globally known for business prospects and was not a priority on the lists of investors and entrepreneurs. Jack refused Kaul, bluntly stating that he would not waste his time visiting India," it says. Singh then recalls an evening in 1988 when Gandhi's secretary, Sarla Grewal, met at a formal dinner and urged him to fulfil the prime minister's wish, regardless of obstacles. Singh knew it was a difficult task but still said he would "meet Welch, gauge his pulse and see if I can convince him for an India visit". Welch had then just married and Singh proposed that the couple should come and see the "romantic Taj Mahal". Soon, Jack was scheduled for a four-day visit. "I don't want to meet any fuddy-duddies. The youth are the ones with promise. I want to meet young leaders and businesspeople," he told Singh. Singh unfurled the red carpet for Welch and his wife, Jane Beasley, with flair. "From the moment Welch stepped onto Indian soil, it was a whirlwind of business meetings and back-to-back mornings with leaders, bureaucrats and industry titans," the book says. "Breakfast was with the Prime Minister Rajiv Gandhi's dynamic team, including Sam Pitroda, the chief technology advisor, Jairam Ramesh from the Planning Commission and Montek Singh Ahluwalia, special secretary to Rajiv Gandhi. "Sam made a critical presentation to Welch, demonstrating how India was perhaps one of the best countries for GE to begin a business processing office (BPO) – a term not even heard of in those days. Welch was impressed, sensing the pulse of India's ambition," it says. "Sam, ever the gracious host, then chauffeured Jack to visit Manmohan Singh, who had been the former head of the RBI and was then head of the Planning Commission. Manmohan Singh was calmly sitting on his rocking chair, and their thoughtful conversation left Jack excited about India's future," it adds. From Delhi, Welch and his wife went to Jaipur and then Agra. "In Agra, the serene and glistening Taj Mahal, framed against the pink sky at sunset, worked its magic on Jack and Jane. They were delighted with the trip," Singh writes. "Jack left India, hungover from the sights, sounds and colours but incredibly excited about the prospects for GE in India," the book says. The authors write that what GE eventually brought to India, however, would change the landscape of Gurgaon and accelerate growth. In 1997, when the head of GE Capital India, Pramod Bhasin, set up their new offices on eight floors of a modern commercial building-DLF Corporate Park in Gurgaon he wanted to pilot a new idea that had been mulling in his head. "So he converted one floor into a Business Processing Office (BPO) to handle GE's back office operations. The 6000 square feet floor was filled with large white computers and four people at a desk," the book says. "That single floor in DLF Corporate Park took on special significance, because with its resounding success began the boom of India's large scale BPO industry," it adds.

2024-11-17 18:01

2024-11-17

18:01

moneycontrol.com

https://www.moneycontrol.com/entertainment/ranveer-singh-opens-up-about-fatherhood-shows-thumbs-up-when-asked-about-daughter-dua-watch-article-12868958.html

Ranveer Singh opens up about fatherhood; shows thumbs up when asked about daughter Dua, watch

Related stories.

Ranveer Singh has been ecstatic ever since becoming a father to his daughter, Dua Padukone Singh. The actor recently shared how he is filled with "infinite happiness" as he takes on his new role of being a doting father. The 'Band Baaja Baarat' actor recently spoke about the joy of fatherhood at an event, describing it as an unparalleled experience. He shared, “The infinite happiness I’m feeling right now is something I wish I could put into words. But no language has words that can truly describe it. It feels like magic. I’m excited for this new phase of my life. I've been on 'daddy duty' for a while now.” Ranveer also expressed deep gratitude towards his wife, Deepika Padukone, calling their companionship “magical.” Ranveer Singh spent part of the weekend in Bengaluru at his in-laws' home. When he returned to Mumbai late on Saturday night, the paparazzi approached him and asked how his daughter, Dua Padukone, was doing at her maternal grandparents' place. Ranveer Singh arrived at the private terminal of Mumbai airport late on Saturday night after spending the weekend in Bengaluru. During his time in the Karnataka capital, he enjoyed quality moments with his wife, Deepika Padukone, their newborn daughter, Dua Padukone, and his in-laws at their residence. Also Read:Diljit Dosanjh's witty response  to Telangana's ban on songs with alcohol, drugs in concert: changes lyrics from "daaru" to "coke", watch As Ranveer drove out of the Mumbai airport in his yellow Lamborghini, he paused to greet the paparazzi. When they asked about his daughter, Dua, who was in Bengaluru with her maternal grandparents, he simply gave a thumbs-up to signal that she was doing well. He then cruised away in his Lamborghini, enjoying some upbeat music as he left.View this post on InstagramA post shared by Manav Manglani (@manav.manglani)

2024-11-17 18:00

2024-11-17

18:00

moneycontrol.com

https://www.moneycontrol.com/news/india/why-this-rs-120-crore-triplex-penthouse-in-mumbai-is-out-of-reach-even-for-the-super-rich-12868993.html

Why this Rs 120 crore triplex penthouse in Mumbai is out of reach even for the super-rich?

So far, this exhaustive process has ruled out many potential buyers — including Bollywood’s elite. (Picture: [email protected]).Related stories.

A lavish penthouse perched on the 60th floor of a Mumbai skyscraper, with a celebrity broker and a $14 million price tag, is facing an unexpected roadblock: the owner on a mission to find therightbuyer. Located in Lower Parel, Mumbai’s financial heart, this 16,000-square-foot, six-bedroom marvel is set to impress anyone who steps inside — but only if they pass an intensive screening process. Interested buyers can expect a thorough review of their finances, reputation, and background, with even a visit to their office to check out the scale of their business. The assumption is that any buyer will likely own a company of their own. So far, this exhaustive process has ruled out many potential buyers — including Bollywood’s elite. “Money can’t actually buy this,” said Nishant Agarwal toldBloomberg, whose family owns the realty firm that built the tower and the penthouse itself. “We want to make sure it’s the right kind of person.” Celebrity broker Ravi Kewalramani is one of the key players in screening buyers for this extravagant penthouse. With over a million followers on Instagram, Kewalramani’s role extends far beyond the typical broker duties — he’s also acting as a matchmaker for the property, ensuring the right fit for both the building and the community, theBloombergreport added. “Most of the time, people want a family, they want someone who’s going to get along with the neighbours, someone who is not egoistic about the money, someone who’s grounded,” Kewalramani toldBloomberg. “The person can have their get-togethers, but it shouldn’t be causing a nuisance for everyone else.” At 1.2 billion rupees ($14.2 million), this luxurious residence comes with a host of features: a glass-walled elevator, a rooftop pool, a gym, and parking space for eight vehicles. Despite multiple offers, only a handful have made it to the final stage of negotiations, with the owner focusing on finding a family-oriented buyer who fits in with the building’s community. Bollywood figures, despite their fame and fortune, were among those who didn’t cut, as concerns arose about their fit with the neighbourhood, the report added. “There’s no preference over the ethnic background of potential buyers,” said Akshay Lunawat, a broker on Kewalramani’s team. “Anyone is welcome to submit a bid, but it will be subject to the screening process.” Mumbai is at the epicentre of India’s multi-year property boom. Home prices surged 12% in the first quarter of the year compared to last year, according to theBloombergreport citing real estate consultancy Knight Frank — the third-largest gain globally, behind Manila and Tokyo. In fact, Mumbai accounted for 21 of the 25 most expensive property deals in India in just the first eight months of the year, according to consultancy Anarock. “People can have their factories anywhere in the country, but most people will still want to have a foothold” in Mumbai, Agarwal said. “And because of that, the luxury market has been absolutely unprecedented.” The surge in prices, coupled with stagnant wages and high unemployment, is contributing to growing inequality in India. According to economists, including Thomas Piketty, the top 1% of the population now holds more than 40% of the nation’s wealth. Lower Parel, where this penthouse is located, perfectly illustrates that wealth divide. Once home to British residents in the 18th and 19th centuries, the area evolved from a textile hub into Mumbai’s primary financial center. Over time, high-rises and gated communities replaced the mills that once defined the area. One such development is One Avighna Park, built by the Agarwal family. The land, once home to cotton mills, was acquired in 2006 by the family’s real estate firm, Avighna Group. The workers displaced by the construction of the tower were rehoused in a separate building completed in 2012. The penthouse was one of the first apartments to be handed over to its owners in 2016. The building offers residents a variety of amenities, including guest rooms available for a fee during large family events, a Jain temple, a music and dance studio, a salon, and separate entrances for domestic staff. As for the penthouse itself, the search for the ideal buyer continues. “There’s no urgency,” Agarwal said. “If we have spent so much time building this house, we might as well spend a little longer and get a buyer we like.”

2024-11-17 18:00

2024-11-17

18:00

moneycontrol.com

https://www.moneycontrol.com/news/world/israeli-strike-on-beirut-kills-hezbollah-media-relations-chief-report-12868990.html

Israeli strike on Beirut kills Hezbollah media relations chief: Report

Mohammad Afif, head of Hezbollah's media office. Reuters.

An Israeli strike on a densely populated district of Beirut on Sunday killed Hezbollah's media relations chief Mohammad Afif, two Lebanese security sources told Reuters. The strike hit a neighborhood where many people displaced from Beirut's southern suburbs had been seeking refuge. This is a developing story

2024-11-17 17:41

2024-11-17

17:41

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/jigar-patel-picks-three-buy-ideas-believes-failure-to-sustain-nifty-above-23500-could-exacerbate-market-uncertainty-12868976.html

Jigar Patel picks three buy ideas, believes failure to sustain Nifty above 23,500 could exacerbate market uncertainty

Stock Picks.Related stories.

The domestic markets remained under pressure for the seventh consecutive week ended November 14, as bearish sentiment continued to dominate. The benchmark Nifty index breached the critical support level of 23,800, extending its decline to 23,500 and closing the week with a loss of 2.55 percent. This persistent downtrend has been driven by consistent selling from foreign institutional investors (FIIs) and a strengthening dollar index, which has pushed the Indian rupee to an all-time low near 84.50 against the dollar. Technically, the market's pullback attempts are being met with swift selling pressure, leading to the breakdown of multiple key support levels. The Nifty 50, along with broader indices such as the Nifty 500, Nifty Midcap 100, and Nifty Smallcap 100, has retested its 200-day exponential moving average (DEMA) and closed near this critical level, making the upcoming sessions pivotal for bulls. Failure to sustain above 23,500 in the coming week could exacerbate market uncertainty. The daily RSI (Relative Strength Index) has entered oversold territory, but intraday RSI shows positive divergence. On the upside, a move above 23,700 could trigger short-covering, offering a potential relief rally. However, a decisive breakdown below 23,500 could push the index further towards the 23,300–23,000 zone. The Nifty Bank index also faced significant selling pressure, declining over 2.6 percent for the week and slipping below the crucial 50,000 level during the weekly expiry. From a price action standpoint, the index shows signs of a potential breakdown, with sustained trading below 49,900 raising concerns for banking stocks and broader indices. Immediate resistance lies at 50,600, and a move above this level could prompt some consolidation or a short-term pullback. The coming sessions will be critical in determining whether the index stabilizes or extends its downtrend further. Buy Nifty Futures between 23,500-23,475, with a stop-loss of 23,325, targeting 23,800, while buy Nifty Bank Futures between 50,000-50,100, with a stop-loss of 49,700, targeting 50,800. Here are three buy ideas for short term: Havells India| CMP: Rs 1,619 Havells has corrected 25 percent in the past month, from its peak of Rs 2,106. It has formed a double-bottom pattern near the Rs 1,600-1,580 zone, aligning with the 0.50-0.618 percent Fibonacci retracement levels of its previous uptrend. Bullish divergence on the daily chart further supports a potential reversal. A buying opportunity is identified in Rs 1,590-1,610 range, with a target of Rs 1,760 and a stop-loss at Rs 1,520 on a daily closing basis. Strategy: Buy Target: Rs 1,760 Stop-Loss: Rs 1,520 CIE Automotive India| CMP: Rs 471.7 CIE Automotive has declined 26 percent over the past 3-4 months, from its peak of Rs 622. It has formed a Bullish Crab pattern near Rs 460-470 zone, aligning with the 0.707-0.618 percent Fibonacci retracement levels of its previous uptrend. Bullish divergence on the daily chart indicates a potential reversal. A buying opportunity is suggested in Rs 460-470 range, with a target of Rs 518 and a stop-loss at Rs 438 on a daily closing basis. Strategy: Buy Target: Rs 518 Stop-Loss: Rs 438 Titan Company| CMP: Rs 3,183.7 Titan has been trading in a broad range of Rs 3,050-3,870 over the past year and is currently near Rs 3,180 after hitting a recent low of Rs 3,106 on November 8, 2024. The stock has consistently held the Rs 3,100 support level, showing resilience. A Bullish Engulfing candlestick pattern and an impulsive RSI structure on the daily chart indicate a potential reversal. A buying opportunity is suggested in Rs 3,100-3,200 range, with a target of Rs 3,500 and a stop-loss at Rs 2,975 on a daily closing basis. Strategy: Buy Target: Rs 3,500 Stop-Loss: Rs 2,975

2024-11-17 17:32

2024-11-17

17:32

moneycontrol.com

https://www.moneycontrol.com/news/world/india-accords-high-priority-to-strategic-partnership-with-nigeria-pm-modi-12868983.html

India accords high-priority to strategic partnership with Nigeria: PM Modi

India accords high-priority to strategic partnership with Nigeria: PM Modi.Related stories.

Prime Minister Narendra Modi emphasized India's commitment to strengthening its strategic partnership with Nigeria, highlighting areas such as defense, energy, and trade. During his talks with Nigerian President Bola Ahmed Tinubu on Sunday, Modi also identified terrorism, separatism, piracy, and drug trafficking as major challenges, vowing that both nations would continue collaborating to address them. Modi, who arrived in Abuja for his first visit to Nigeria in 17 years, stated that India places high priority on its relationship with Nigeria and expressed confidence that the discussions would mark the beginning of a new chapter in their ties. The Prime Minister acknowledged the important role of the approximately 60,000-strong Indian expatriate community in Nigeria and thanked President Tinubu for ensuring their welfare. He also announced that India would send 20 tonnes of relief supplies to help those affected by last month's floods in Nigeria. Modi also referenced the African Union's inclusion as a permanent member of the G20, a significant outcome of the India-hosted summit the previous year. Prior to the delegation-level talks, Modi and Tinubu held a one-on-one meeting at the Presidential Villa, where the Prime Minister was given a ceremonial welcome. Both sides are expected to sign multiple agreements following the talks. Modi is in Nigeria as part of a three-nation tour, with upcoming visits to Brazil for the G20 summit and Guyana. India and Nigeria have enjoyed a close relationship for over six decades, with India elevating their ties to a "strategic partnership" during Prime Minister Manmohan Singh's visit in 2007. India established its diplomatic presence in Lagos in 1958, two years before Nigeria's independence in 1960. The large Indian expatriate community in Nigeria— the largest in West Africa—plays a vital role in enhancing bilateral ties. Over 200 Indian companies have invested approximately USD 27 billion in Nigeria’s key manufacturing sectors, making them the second-largest employers in the country after the federal government. Additionally, India has supported Nigeria with concessional loans (USD 100 million) and capacity-building training programs, further strengthening their development partnership.

2024-11-17 17:27

2024-11-17

17:27

moneycontrol.com

https://www.moneycontrol.com/news/india/4-dry-days-in-mumbai-starting-november-18-on-account-of-maharashtra-assembly-elections-12868977.html

4 dry days in Mumbai starting November 18 on account of Maharashtra Assembly elections

As per orders from the Election Commission (EC), liquor sale will be banned on four days in Mumbai and other cities, to ensure smooth conduct of elections.

In view of the Maharashtra Assembly elections, Mumbai, along with some other cities in the state, will see several dry days in the coming week, starting November 18, Monday. On dry days, which are imposed on days that are of national or cultural relevance, alcohol sale remains prohibited. As per orders from the Election Commission (EC), liquor sale will be banned on four days in Mumbai and other cities, to ensure smooth conduct of elections, a CNBC-TV18 report stated. All 288 assembly constituencies in Maharashtra will go to polls in a single phase on November 20. To ensure the same is conducted smoothly, the sale of liquor will be prohibited in Mumbai and other cities starting 6 pm on November 18 and ending at 6 pm on November 20. On November 23, sale of alcohol will be prohibited till 6 pm as the Election Commission will be announcing the Maharashtra Assembly Election results 2024 on that day. Meanwhile, the Brihanmumbai Municipal Corporation declared a holiday on November 20 for all employees working under BMC limits to ensure they can cast their votes. As per a diktat from BMC Commissioner Bhushan Gagrani, any employer found violating the order will face strict action. He also clarified that no employee working within BMC limits can be penalised or have their salary deducted for taking a leave on November 20.

2024-11-17 17:24

2024-11-17

17:24

moneycontrol.com

https://www.moneycontrol.com/news/india/conflicting-narratives-divided-loyalties-at-play-as-marathwada-readies-to-vote-12868984.html

Conflicting narratives, divided loyalties at play as Marathwada readies to vote

The intense quota agitation, which was particularly strong in this region, has sharpened the social faultlines in Marathwada.Related stories.

Conflicting narratives underpinned by factors like distress in the farm sector and traction of the ‘Ladki Bahin’ scheme, divided loyalties and the X factor of Maratha quota activist Mahesh Jarange Patil in his native region have shaped the campaign in Marathwada as the canvassing for the Maharashtra Assembly poll enters the home stretch. Farmers in many places complain about low prices for their produce like cotton and soybean, but praise for welfare initiatives, especially the cash transfer scheme for women, is also perceptible in this drought-prone region. Sunil Gaikwad, a private firm worker and a farmer in Jadgaon, identifies himself as a keen BJP supporter for the abrogation of Article 370 and the building of the Ram temple. And then he lets on his pain, delving into his daily struggle as a farmer. "The price I received for soybean was just too low," Gaikwad said, displaying the sale receipt. He received close to Rs 3,900 for every quintal of produce. As he talks, a group of Maratha youths arrive, their vehicles displaying pictures of “Yoddha” (warrior) Patil. They make their opposition to the Mahayuti government clear, saying it did not give the community, which accounts for 28 per cent of the state population and is relatively more influential in the region, reservation under the OBC quota. A young man boisterously shouts, “Maratha jidhar khara, wo sarkar se bara” (Whoever Marathas stand with is more powerful than government), even as his friends note that community votes are bound to be divided as their leaders are present in every party. Engineering student Mahesh Patil says Jarange Patil will influence young voters. The quota activist has not named any party but his call to defeat those responsible for not giving reservation to Marathas has been seen as a clear indication by his supporters to vote against the ruling BJP-Shiv Sena-NCP combine. The intense quota agitation, which was particularly strong in this region, has sharpened the social faultlines in Marathwada, and the BJP, which has fielded the maximum candidate here, is hopeful that it will make up for any likely losses in Maratha votes through gains in other communities. A group of farmers in Wadigodri identify themselves as traditional Shiv Sena supporters as they praise Chief Minister Eknath Shinde’s hands-on approach and welfare push but also fault him for claiming the party after rebelling against the then undivided Sena president Uddhav Thackeray with support of an overwhelming majority of the party MLAs. It had led to the toppling of Thackeray as CM of the Maha Vikas Aghadi (MVA) government. “Shinde’s work is good. But he should have formed his own party instead of claiming Shiv Sena,” Mahendra Gadave said, lamenting the fragmentation of regional parties like Sena and the Nationalist Congress Party. Shinde-led Shiv Sena and the faction led by Thackeray are both contesting 16 seats each from the region’s 46 constituencies, and which way an old supporter like Gadave decides to go on the polling day on November 20 will hold the key to the future of the two parties. The Ladki Bahin scheme especially draws praise from the poorest section of society. In a mostly Scheduled Castes inhabitation of Kachipura, Suresh Shinde and his wife Surekha, both daily wagers, consider the Rs 1,500 he gets every month as a very helpful supplement to their meagre earnings. The convulsion in the state’s politics has led to several seasoned leaders professing new ideologies and allying with their traditional rivals, and this has led to its own consequences. In Beed’s Parli assembly seat, several supporters of BJP leader Pankaja Munde share their dilemma at the prospect of voting for her cousin and NCP leader Dhananjay Munde. Both leaders had long been rivals and he had defeated her in the 2019 assembly polls. With Ajit Pawar-led NCP now a BJP ally, he is the Mahayuti candidate, and she has sought to put the past behind by campaigning for him. Local leaders said a similar predicament faces former chief minister Ashok Chavan, an old Congress hand who joined the BJP earlier this year. The BJP has fielded his daughter Sreejaya Chavan from his traditional Bhokar seat after nominating him to Rajya Sabha. The BJP has never won the seat, and Chavan, a leader from the Maratha community, has been sweating it out to prove his mettle after the BJP lost the Nanded Lok Sabha seat, where he had long enjoyed considerable influence as a Congress leader, in the recent national election. In the Lok Sabha polls, the Mahayuti had lost all but one of eight seats in Marathwada. However, its leaders are hopeful that subsequent welfare measures taken by the state government will help the ruling alliance.

2024-11-17 17:19

2024-11-17

17:19

moneycontrol.com

https://www.moneycontrol.com/news/business/earnings/aditya-ultra-steel-posts-rs-5-87-crore-net-profit-12868969.html

Aditya Ultra Steel posts Rs 5.87 crore net profit

Recently listed Aditya Ultra Steel posts Rs 5.87cr profit.Related stories.

Aditya Ultra Steel Ltd, a rolled steel products manufacturer, has posted a net profit of Rs 5.87 crore for the April-September period of 2024-25, the company said in a statement on Saturday. The company reported revenue from operations at Rs 312.39 crore during the first half of the fiscal, with operating profit standing at Rs 10.50 crore. For the financial year 2023-24, the company had recorded revenue of Rs 587.80 crore and a profit of Rs 7.69 crore. Aditya Ultra Steelmade its market debut on the NSE SME platform in September after raising Rs 46 crore through an initial public offering (IPO). The shares were listed at Rs 69.90 apiece, reflecting a premium of 12.74 per cent over the issue price. The IPO had garnered robust demand, being subscribed nearly 10 times on the final day of bidding on September 11. In a significant move, the company has announced plans to set up a 5 MW solar power plant in Jasdan, Rajkot, Gujarat, with an investment of Rs 15 crore. Aditya Ultra Steel Managing Director Sunny Sunil Singhi stated, “The solar power plant, with a capacity of 5,000 KWP, will cater to our energy requirements and boost sustainability efforts.” The company operates a manufacturing facility in Wankaner, Gujarat, with an annual production capacity of 1,08,000 metric tonnes (MT) of TMT bars. (PTI Inputs)

2024-11-17 17:07

2024-11-17

17:07

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/starlineups-enterprises-q2-results-net-profit-jumps-over-2-fold-on-higher-income-12868978.html

Starlineups Enterprises Q2 Results: Net profit jumps over 2-fold on higher income

Starlineups Enterprises Q2 Results: Net profit jumps over 2-fold on higher income.

Diamonds and jewellery trader Starlineps Enterprise Ltd has reported more than two-fold jump in net profit to Rs 3.25 crore for the July-September quarter of 2024-25 compared to the year-ago period on higher income, according to a statement. The Surat-based company posted more than two-fold rise in revenue to Rs 24.43 crore for the September quarter of FY25 compared to Rs 9.07 crore revenue in the year-ago period, Starlineps Enterprise said in the statement. The Surat-based wholesale and retail trader of diamonds and jewellery also announced a strategic investment in EdTech platform Fusion Klassroom Edutech and acquisition of GenAI-powered platform CUR8. The company recently incorporated a wholly-owned subsidiary, Starlineps International Pvt Ltd.

2024-11-17 17:07

2024-11-17

17:07

moneycontrol.com

https://www.moneycontrol.com/news/business/top-performing-mid-cap-mutual-funds-in-india-3-year-review-and-investment-tips-12868318.html

Top-performing mid-cap mutual funds in India: 3-year review and investment tips

Representative image.Related stories.

Mid-cap mutual funds are a popular choice for investors looking to capture growth in rapidly expanding companies while balancing some level of risk compared to small-cap funds. Over the last three years, mid-cap funds have shown impressive returns, driven by India's economic growth and the strong performance of emerging companies. Here’s a look at some of the top-performing mid-cap mutual funds in India, along with insights into why these funds are a valuable investment option. What are mid-cap mutual funds? Mid-cap mutual funds primarily invest in medium-sized companies, typically ranked between 101 and 250 in terms of market capitalization. These companies often show higher growth potential than large-cap companies but with relatively less risk compared to small-cap companies. Mid-cap funds are suitable for investors with a moderate to high-risk appetite and a longer investment horizon, as these funds can be volatile in the short term but tend to offer substantial returns over time. Why invest in mid-cap mutual funds? Higher growth potential: Mid-cap companies are usually in the growth phase, offering significant upside potential as they expand their market reach and profitability. Diversification benefits: Including mid-cap funds in your portfolio provides a balanced approach, blending the stability of large-cap funds with the growth potential of small-cap funds. Experienced fund management: Mid-cap mutual funds are managed by professional fund managers who perform in-depth analysis to identify high-growth companies with sound fundamentals. Investing in mid-cap funds requires patience and a focus on long-term gains, as market fluctuations can affect these funds more than large-cap counterparts. Top-performing mid-cap mutual funds in the last 3 years Here’s a closer look at some of the best-performing mid-cap mutual funds based on their 3-year returns: Fund Name Motilal Oswal Midcap Fund - Direct Plan                                             32.54Kotak Emerging Equity Fund - Direct Plan                                          22.21Invesco India Mid Cap Fund - Direct Plan                                            22.67Edelweiss Mid Cap Fund - Direct Plan                                                   24.39HSBC Mid Cap Fund - Direct Plan                                                            22.36HDFC Mid-Cap Opportunities Fund - Direct Plan                            25.48Sundaram Mid Cap Fund - Direct Plan                                                  22.79Franklin India Prima Fund - Direct Plan                                              19.74Nippon India Growth Fund - Direct Plan                                              23.67Baroda BNP Paribas Mid Cap Fund - Direct Plan                               19.50 Note: Returns as of July 2023. Past performance does not guarantee future results. Detailed analysis of top-performing funds Motilal Oswal Midcap Fund - Direct Plan 3-Year Return: 32.54% Fund Highlights: Known for its growth-oriented investment philosophy, this fund emphasizes quality mid-cap companies with strong potential. The fund has consistently delivered above-average returns, driven by a robust stock-picking strategy. HDFC Mid-Cap Opportunities Fund - Direct Plan 3-Year Return: 25.48% Fund Highlights: A popular fund in the mid-cap segment, HDFC Mid-Cap Opportunities Fund focuses on sectors like industrials, consumer goods, and technology. It has a well-diversified portfolio and is managed with a focus on long-term growth. Edelweiss Mid Cap Fund - Direct Plan 3-Year Return: 24.39% Fund Highlights: This fund follows a disciplined investment approach, focusing on mid-cap companies with solid growth trajectories. It has a balanced sectoral allocation, providing resilience in market volatility. Nippon India Growth Fund - Direct Plan 3-Year Return: 23.67% Fund Highlights: Nippon India Growth Fund is a high-performing fund with a diversified portfolio. Its investments are concentrated in growth sectors like banking, technology, and manufacturing. Invesco India Mid Cap Fund - Direct Plan 3-Year Return: 22.67% Fund Highlights: This fund focuses on companies with potential for strong earnings growth. It maintains a balance across sectors and has been effective in navigating volatile market conditions. Key factors driving performance in mid-cap funds Sectoral allocation: Top-performing funds often allocate investments to growth-oriented sectors, such as technology, finance, and consumer goods, which have shown strong potential in India’s economic landscape. Stock selection: Successful mid-cap funds benefit from fund managers' expertise in picking high-quality mid-cap stocks, focusing on companies with competitive advantages, solid financials, and growth potential. Long-term investment horizon: Mid-cap funds require patience as they can be sensitive to market fluctuations. Investors who hold on to these funds for a longer period typically see better returns. Economic growth in India: India’s mid-cap sector has benefited from economic growth, favourable policies, and increasing consumer demand. The growth of the Indian middle class and increased digitalization are additional factors contributing to mid-cap companies' success. Tips for investing in mid-cap mutual funds Assess your risk tolerance: Mid-cap funds are suitable for moderate to high-risk investors with a longer investment horizon. Understand your own risk tolerance before investing. Research the fund’s track record: Look at the fund’s performance over 5- and 10-year periods, not just recent performance. Consistency is key in mid-cap investments. Diversify within your portfolio: Avoid putting all your investments in mid-cap funds. Include a mix of large-cap, multi-cap, and debt funds to balance the portfolio. Stay invested for the long term: To reap the benefits of mid-cap funds, commit to a long-term horizon. Avoid frequent switching or exiting during market corrections. Consult with a financial advisor: If you’re uncertain about which mid-cap funds to choose, consult with a financial advisor to align your investment choices with your financial goals. Mid-cap mutual funds can be a rewarding addition to a well-rounded investment portfolio, offering growth potential with a balanced risk profile. However, these funds require a disciplined, long-term approach, as market fluctuations can impact short-term returns. By carefully selecting high-quality mid-cap funds, you can benefit from the growth of emerging companies in India and enhance your overall financial portfolio. Remember to conduct thorough research, understand your risk profile, and consult with a financial advisor to make informed investment decisions.

2024-11-17 17:03

2024-11-17

17:03

moneycontrol.com

https://www.moneycontrol.com/news/world/43-dead-60-injured-in-a-week-mass-attacks-spur-soul-searching-in-china-12868968.html

43 dead, 60 injured in a week: Mass attacks spur soul-searching in China

Police officers keep watch near an entrance to the Wuxi Vocational College of Arts and Technology following a knife attack, in Wuxi, Jiangsu province, China November 17, 2024. REUTERS/Brenda Goh.Related stories.

A former student went on a stabbing rampage at a vocational college in eastern China, killing eight people and injuring 17, police said on Sunday, prompting further soul-searching just days after the deadliest attack in the country in a decade. Saturday's knife attack took place at the Wuxi Vocational College of Arts and Technology in Yixing, part of Wuxi city in the eastern province of Jiangsu. The suspect, a 21-year-old man, was arrested at the scene and confessed, police said. Also on Saturday, authorities in the southern Chinese city of Zhuhai said they had charged a 62-year-old man who they said rammed his car into a crowd outside a sports stadium, killing 35 people and injuring 43 on Monday night. In both cases, the suspects lashed out with fatal violence against unrelated bystanders after suffering an economic loss, according to the sparse details released by police. The killings touched off a rare and heavily censored online discussion over mental health in China, deeper stresses as the world's second-largest economy slows and whether young people will find themselves worse off than generations before them that benefited from China's rapid development. At least six other high-profile knife attacks have been recorded this year across China. Police in Wuxi said the stabbing suspect was angry over not getting his graduation certificate, failing an exam and his pay. "According to preliminary investigations, the suspect... attacked others after failing an exam and not receiving his graduation certificate, as well as being dissatisfied with his internship compensation," the Yixing Public Security Bureau said in a statement. At the school on Sunday, a Reuters witness watched students leaving with suitcases, although one student, who did not want to give her name, said classes were still going on. "They were just 18, 19-year-old kids. Its such a pity and so sad," said a man who arrived to lay a bouquet of chrysanthemums near to one of the school gates, giving his surname as Duan. "We really have to give young people better psychological guidance," he added. Security swiftly removed the bouquet. The Zhuhai suspect was reportedly angry at the terms of a divorce settlement, police there said. Qu Weiguo, a Fudan University professor, said the recent cases of "indiscriminate revenge against society" in China had some common features: disadvantaged suspects, many with mental health issues, who believed that they had been treated unfairly and who felt they had no other way to be heard. "It is important to establish a social safety net and a psychological counselling mechanism, but in order to minimise such cases, the most effective way is to open public channels that can monitor and expose the use of power," Qu posted on the Chinese social media platform Weibo. The short essay had been removed by the censors by Sunday afternoon. Wuxi Vocational College offers courses to prepare students to work in industries including wire and cable manufacturing, interior design, marketing and other fields, its website says. The junior college and others like it are part of a drive to direct more young people into job-specific training instead of oversubscribed universities as youth unemployment balloons. Trending online discussion topics over the past year have put a focus on the diminished optimism in China about a turnaround for jobs, income and opportunity. One of those - "the garbage time of history" - took off in the summer as a shorthand for economic despair. In recent weeks, Chinese officials have rolled out a raft of stimulus measures to revive the economy. Monday's car attack also prompted an intervention by President Xi Jinping, who urged local police to "strengthen their control of risks" by identifying people at risk of lashing out.

2024-11-17 16:47

2024-11-17

16:47

moneycontrol.com

https://www.moneycontrol.com/news/world/pm-modi-holds-talks-with-nigerian-president-tinubu-12868964.html

PM Modi holds talks with Nigerian President Tinubu

PM Modi holds talks with Nigerian President Tinubu.

Prime Minister Narendra Modi held extensive discussions with Nigerian President Bola Ahmed Tinubu to strengthen the India-Nigeria partnership, focusing on key areas such as trade, investment, and digital public infrastructure. Modi arrived in Abuja, Nigeria's capital, marking the first visit by an Indian prime minister to the country in 17 years. The Prime Minister received a ceremonial welcome at the Presidential Villa before holding a one-on-one meeting with President Tinubu. Following these talks, both nations are expected to sign multiple agreements during delegation-level discussions. Modi's visit to Nigeria is part of a three-nation tour, with stops in Brazil for the G20 summit and Guyana as his final destination. India and Nigeria elevated their bilateral ties to a "strategic partnership" during Prime Minister Manmohan Singh's visit to Nigeria in October 2007. The two countries have maintained a close relationship for over six decades. India's diplomatic presence in Nigeria dates back to 1958, two years before the country gained independence. With around 60,000 Indians residing in Nigeria, the largest expatriate community in West Africa, the long-standing ties between the nations are further strengthened. More than 200 Indian companies have invested approximately USD 27 billion in key manufacturing sectors in Nigeria, making them the second-largest employers in the country after the federal government. Additionally, India has supported Nigeria through concessional loans of USD 100 million and capacity-building training programs, further solidifying its role as a key development partner for Nigeria.

2024-11-17 16:44

2024-11-17

16:44

moneycontrol.com

https://www.moneycontrol.com/news/world/world-looks-to-g20-in-rio-for-breakthrough-in-climate-talks-12868952.html

World looks to G20 in Rio for breakthrough in climate talks

Brazil's President Luiz Inacio Lula da Silva greets U.N. General Secretary Antonio Guterres ahead of the G20 summit, in Rio de Janeiro, Brazil November 16, 2024. Reuters.Related stories.

Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week, as negotiators at U.N. talks in Azerbaijan hit an impasse on climate finance that they hope leaders of the world's 20 major economies can break. Heads of state arriving in Rio de Janeiro on Sunday for the G20 summit will spend Monday and Tuesday addressing issues from poverty and hunger to the reform of global institutions. Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds billions of dollars for the climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. They are also responsible for more than three-quarters of greenhouse gas emissions worldwide. "All countries must do their part. But the G20 must lead," U.N. Secretary General Antonio Guterres told COP29 last week. "They are the largest emitters, with the greatest capacities and responsibilities." Reaching such an accord may only get tougher with the return to power of U.S. President-elect Donald Trump, who is reportedly preparing to again pull the United States out of the Paris climate accord. Trump is also planning to roll back landmark climate legislation passed by the outgoing Joe Biden, who will become the first U.S. president to visit the Amazon rainforest when he makes a stop there on Sunday on his way to Rio. U.N. climate chief Simon Stiell wrote a letter to G20 leaders on Saturday imploring them to act on climate finance, including boosting grants for developing nations and advancing reforms of multilateral development banks. However, the same fights that have plagued COP29 since it began last week are spilling over into G20 negotiations, according to diplomats close to the Rio talks. COP29 must set a new goal for how much financing should be directed from developed countries, multilateral banks and the private sector to developing nations. Economists told the summit it should be at least $1 trillion. Wealthy countries, especially in Europe, have been saying that an ambitious goal can only be agreed if they expand the base of contributors to include some of the richer developing nations, such as China and major Middle Eastern oil producers. On Saturday, discussions of a G20 joint statement in Rio snagged on the same issue, with European nations pushing for more countries to contribute and developing countries such as Brazil pushing back, diplomats close to the talks told Reuters. The success of not only COP29 but also the next U.N. climate summit, COP30 hosted in Brazil next year, hinges on a breakthrough on climate finance. A centerpiece of Brazil's COP30 strategy is "Mission 1.5," a drive to keep alive the Paris Agreement target of limiting global warming to 1.5 degrees Celsius. The U.N. estimates that current national targets would cause temperatures to rise by at least 2.6 degrees C. Developing countries argue they can only raise their targets for emissions reductions if rich nations, who are the main culprits for climate change, foot the bill. "It is technically possible to meet the goal of 1.5 degrees Celsius, but only if a G20-led, massive mobilization to cut all greenhouse gas emissions ... is achieved," said Bahamas Prime Minister Philip Davis at COP29 last week.

2024-11-17 16:35

2024-11-17

16:35

moneycontrol.com

https://www.moneycontrol.com/news/business/markets/dalal-street-week-ahead-trump-fii-mood-rupee-ntpc-green-ipo-among-10-key-things-to-watch-next-week-12868845.html

Dalal Street Week Ahead: Trump, FII mood, Rupee, NTPC Green IPO among 10 key things to watch next week

Equity Market Trend.Related stories.

The markets  maintained their southward journey and closed the truncated week ending November 14 about 2.5 percent down. With this, the benchmark indices have corrected around 10 percent from the record highs of September 27. In fact, the indices were down in six of the last seven weeks. Weak Q2FY25 results along with a likely cut in the full year earnings estimates, and sustained FII outflows dented sentiments. Also, CPI inflation spiking to 6.2 percent (RBI's target is 4 percent), a rising Dollar index and bond yields, and uncertainty over further rate cuts by the Fed contributed to continued volatility. Experts expect consolidation with a negative bias to continue in the coming truncated week too as they believe that premium valuation without fair earnings growth will not be sustained. Market participants may remain cautious with a focus on developments following Donald Trump's election, the FII mood, movement of the Rupee against the Dollar, and US bond yields. The BSE Sensex declined 2.4 percent to reach 77,580, and the Nifty 50 dropped 2.55 percent to close at 23,533; comparatively, the correction was severe in the broader markets. The Nifty Midcap 100 and Smallcap 100 indices were down 4.1 and 4.6 percent, respectively. And all sectors, barring IT, were under pressure. "Consolidation may continue in the near term; however, beaten-down value stocks may witness bottom-fishing due to their potential outlook," said Vinod Nair, Head, Research, Geojit Financial Services. Going ahead, he said, the focus will be on the implications of Trump's election for  emerging markets. The markets will remain shut on November 20 for Maharashtra assembly elections. Here are the 10 key factors to watch next week: Domestic economic data Market participants will  closely watch the November HSBC manufacturing and services flash PMI numbers due on November 22. In October, the manufacturing PMI expanded to 57.5 from 56.5 in September, and the services PMI jumped to 58.5 from 57.7 during the same period. Forex reserves for the week ending November 15 will also be released on November 22. Global economic data Further, on November 22, the world will have its eyes on the manufacturing and services flash PMI data from developed and emerging countries, including the United States, the Euro zone, Japan, and the United Kingdom. Apart from the PMI numbers, the weekly US jobs data, the ECB's (European Central Bank's) financial stability review of the Euro zone, as well as the October inflation print for Europe, Japan, and UK will be keenly watched. Developments in the Trump administration Investors are keeping an eye on the developments in the administration of US President-elect Donald Trump, including his cabinet formation. According to experts, any policy proposals that add upward pressure on US inflation may impact the Fed's future rate-cut trajectory. Federal Reserve Chair Jerome Powell has already signalled that after a 75 basis point (bps) cut, further cuts may not be aggressive and will be data dependent. At 2.6 percent, US inflation for October was higher than the 2.4 percent in September. The Dollar index, the Rupee, andFII flows Market participants will also focus on the movement in the US dollar index, bond yields, performance of the Rupee  against the Dollar, as well as FII flows. Amid softening rate cut expectations and speculation about tax cuts and hike in trade tariffs under Trump, the Dollar index jumped last week. In fact, it has consistently been rising since October, up more than 6 percent from the first week of October to finish at 106.67 last Friday. Ten-year US treasury yields climbed near the highs of January 2024, closing the week at 4.44 percent against 4.3 percent last week. Overall, the yields have been northbound since mid-September, when it was 3.62 percent. The US bond market is concerned about the likely increase in fiscal deficit under the Trump government as he has promised cuts in corporate taxes. Rising bond yields — along with worries over premium valuations and earnings downgrades — caused relentless FII selling in India, but DIIs managed to offset the outflow to a considerable extent, providing support to the market. FIIs net sold stock worth nearly Rs 9,700 crore last week  (Rs 29,533 crore in the current month), in addition to the Rs 1.14 lakh crore outflow the previous month. On the other hand, DIIs net bought Rs 12,508 crore worth of shares during the week, taking net purchases  for the current month to Rs 26,522 crore, on top of Rs 1.07 lakh crore last month. The Rupee hit an all-time low of 84.46 against the Dollar last week, finishing at 84.4 on Friday as demand for the Dollar remained high given the fear of rising US inflation under  Trump, which can slow down the Fed's rate cut cycle. Experts expect the Rupee's weakness to persist in the short term. Oil prices Muted oil prices are supporting  the equity markets, as India is a major oil importer. Brent crude futures, the international benchmark for oil prices, fell 3.83 percent during the week to close at $71.04 a barrel. In fact, oil has largely remained below $80 a barrel since September. The easing of US storm threats, reports that Hezbollah might consider a US-Israeli ceasefire proposal, and oversupply concerns raised by the OPEC, the IEA, and the EIA have pulled oil prices down. IPO Despite negative sentiment in the equity market, four companies will open their initial public offerings in the coming week. In the mainboard segment, NTPC Green Energy's Rs 10,000-crore initial share sale will hit Dalal Street on November 19, with a price band of Rs 102-108 per share. Enviro Infra Engineers will launch their IPO  on November 22, while Zinka Logistics Solutions will close its Rs 1,115-crore public issue on November 18  and debut on the bourses on November 22. There will also be  action  in the SME segment with the Rs 61.2 crore Lamosaic India IPO  opening on November 21 at a price of 200 per share, while subscription for C2C Advanced Systems' Rs 99-crore public issue will start on November 22. The latter has a price band of Rs 214-226 per share. Furthermore, Neelam Linens and Garments India will debut on the bourses on November 18, while trading in Mangal Compusolution and Onyx Biotec shares may commence on November 21 and 22, respectively. Technical view Technically, Nifty 50 is looking weak given the long bearish candlestick pattern on the weekly charts with lower highs and lower lows. Also, it is trading way below its 10-20-week EMAs (exponential moving average) and a tad below its 200-day EMA (DEMA). If the index fails to come back above the 200-DEMA, it may start approaching its 50-week EMA (23,224), which somewhat coincides with the second target of the Head and Shoulders pattern formed on the daily charts, followed by 23,000, according to experts. The momentum indicators, too, remained in the negative terrain. After severe selling pressure, the index may rebound somewhat to the 23,700-23,800 zone, but that is unlikely to sustain given that the Nifty is  trading below all its key moving averages. Experts advised  a `sell-on-rally' strategy considering the bearish sentiment. F&O cues Options data indicated that 23,500 is expected to be the immediate support for the Nifty followed by 23,000, while  23,600 is likely to be the immediate hurdle, followed by 24,000. According to the weekly options data, the maximum Call open interest was seen at 23,600 strike, followed by the 24,200 and 24,000 strikes, with maximum Call writing at  23,600 strike, and then 23,500 and 23,700 strikes. On the Put side, the 23,500 strike holds the maximum open interest, followed by 23,000 and 23,400 strikes, with maximum writing at 23,500 strike, followed by 23,400 and 23,100 strikes. India VIX Volatility increased a bit after a sharp decline in the previous week, and remained in the higher zones. Hence, the bulls need to be cautious until  volatility drops to around 12-13 and stays there. India VIX, the fear indicator, rose 2.11 percent during the week, to 14.78. Corporate action Here are key corporate actions taking place next week:

2024-11-17 16:35

2024-11-17

16:35

moneycontrol.com

https://www.moneycontrol.com/news/india/lokayukta-report-has-cleared-previous-bjp-govt-from-40-commission-charges-claim-party-leaders-12868942.html

Lokayukta report has cleared previous BJP govt from 40% commission charges, claim party leaders

Lokayukta report has cleared previous BJP govt from 40% commission charges, claim party leaders.Related stories.

The BJP in Karnataka on Sunday claimed that the Lokayukta probe has cleared the party's previous government from 40 per cent commission charges, and that the allegations levelled by the Congress against it as completely "false". The BJP leaders said that it is proved that the 40 per cent commission allegation was part of the Congress' "tool kit". During the 2023 Assembly polls, the then opposition Congress had used the Karnataka State Contractors' Association 40 per cent commission charge as a major weapon to corner the then BJP government, which is said to be one among the factors that led to the saffron party's debacle in the election. "....it is proved that the 40 per cent commission allegation made against BJP is false. We have come out of it....Congress using the (the then) state contractors' association president Kempanna and vice president as its tool kit, had alleged that the government was taking 40 per cent commission. A case was registered based on that, and the truth has now come out, " Leader of Opposition R Ashoka said. Speaking to reporters here, he said the contractor (R Ambikapathy), who had made allegations against the then government and had claimed to have given the commission, had in fact not worked as a contractor for six years. "So this contractor and other unemployed contractors became part of a Congress tool kit and made allegations against the Basavaraj Bommai government calling us 40 per cent Sarakara (government). BJP workers questioned us about the allegations, today they are happy that this was bogus and a tool kit of Congress and Siddaramaiah (then leader of opposition)," he alleged. Pointing out that the Congress government was unable to prove the charges in the last sixteen months after coming to power, Ashoka said they have not submitted the documents in the High Court, where the case is on. "...Now the Lokayuukta has given the clean chit stating that when one has not worked as a contractor for six years, where is the question of giving a commission...." he said. The current Siddaramaiah-led Congress government is "60 per cent commission government", he further alleged and said, "We have given evidence for our allegation, but they (Congress) had not, when they made allegations against BJP". He citied Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation scam, MUDA scam, among others, and hit out at Siddaramaiah. Veteran BJP leader and former CM B S Yediyurappa, speaking to reporters in Shivamogga, said, "Lokayukta probe itself has said it (allegations were false). I appeal to them (Congress leaders) to speak carefully hereon, understanding that making such false allegations is of no use." "We have been saying since the beginning that the 40 per cent commission allegation is false. Now Lokayukta is said to have come to the conclusion and has prepared a report. I have seen media reports on it...," he said. Earlier in the day, reacting to BJP's claims, Home Minister G Parameshwara said he was not aware about the basis of such claims. Hitting back at the BJP, the minister said it is wrong to say that Congress came to power only because of the 40 per cent commission campaign against the then BJP government, as there were also guarantee schemes among other things. "It may be BJP's claim that Congress came to power by constantly levelling 40 per cent commission charge against the previous BJP government. "The then state contractors' association president Kempanna, who is now no more, had written to the PM alleging corruption and 40 per cent commission was being collected, during the BJP government. Based on it, Congress as a party, in the interest of the people, had taken up the issue," he added.

2024-11-17 16:17

2024-11-17

16:17

moneycontrol.com

https://www.moneycontrol.com/news/india/udgir-election-2024-all-about-the-constituency-party-wise-candidates-past-results-and-more-12868954.html

Udgir Election 2024: All about the constituency, party-wise candidates, past results and more

Sanjay Bansode is the incumbent MLA from Udgir.Related stories.

Udgir, one of the six assembly constituencies in Latur, is gearing up for a keen clash between the rival NCP factions in the November 20 Maharashtra elections. The seat is reserved for Scheduled Caste (SC) candidates and is located in the Latur district. The constituency number is 237. The seat has been held by Congress, BJP and NCP over the last four decades. Since 2004, it has oscillated between BJP and NCP. In 2019, NCP (undivided) leader Sanjay Bansode won the seat and defeated his BJP rival Anil Sadashiv Kamble by a margin of over 20,000 votes. In 2014, Bansode was defeated by the BJP candidate. He is now part of the Ajit Pawar faction. In 2024, the constituency is witnessing a direct clash between NCP and NCP (SP). The BJP is not fielding its candidate since it is part of the Mahayuti alliance with Ajit Pawar's NCP. Udgir Assembly Constituency Candidates NCP-SP: Sudhakar Sangram BhaleraoNCP: Sanjay Bansode Udgir Current MLA Sanjay Bansode: NCP Udgir Assembly Election Results 1980: Balasaheb Kishanrao Patil, Indian National Congress1985: Balasaheb Kishanrao Patil, Indian National Congress1990: Narayanrao Patil, Janata Dal1995: Manohar Patwari, Indian National Congress1999: Govind Kendre, Bharatiya Janata Party2004: Chandrashekhar Bhosale, Nationalist Congress Party2009: Sudhakar Bhalerao, Bhartiya Janata Party2014: Sudhakar Bhalerao, Bhartiya Janata Party2019: Sanjay Baburao Bansode, Nationalist Congress Party Udgir Assembly Constituency Election Date 2024 November 20, 2014

2024-11-17 16:14

2024-11-17

16:14