ARTICLE 19 2 CONSTITUTION
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
Tata Power shares rise 2% after Q2 results. Why brokerages are bullish despite target price cuts
Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to ₹19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to ₹4,245 crore. Overall, Tata Power's market capitalisation exceeds ₹1.
Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea
Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.
GRSE Q2 Results: Net profit rises 12% YoY to Rs 172 crore, revenue up 9%
GRSE reported a 12% year-on-year rise in Q2 FY27 net profit to Rs 171.97 crore, compared with Rs 153.79 crore a year ago. Revenue from operations increased 9% to Rs 1,827 crore, while total expenses rose 8% to Rs 1,654 crore. Net profit margin improved to 9.47% during the quarter.
How would impeaching Pentagon chief Hegseth work?
US Defence Secretary Pete Hegseth could face a House impeachment vote over alleged abuse of power, including the decision to go to war with Iran without congressional approval. The explainer looks at the impeachment process, the hurdles to Senate conviction, the political timeline and historical precedents involving Cabinet secretaries and US presidents.
US Secy of State Rubio defends Hegseth amid impeachment bid, says "Pete executed a direct order" from President Trump
US Secretary of State Marco Rubio expressed support for Secretary of War Pete Hegseth during an impeachment effort. Rubio argued that Hegseth acted on President Donald Trump's direct orders regarding military operations. He emphasized the necessity of addressing threats posed by Iran, Yemen, and Venezuela. In a press briefing, Hegseth defended the legality of these military actions and criticized the impeachment as politically motivated.
'A' plus plus plus grade: Trump praises Pete Hegseth's performance
President Trump has endorsed Secretary of War Pete Hegseth during his defense against impeachment initiated by Thomas Massie. Hegseth faces charges related to military operations in Iran, Yemen, and Venezuela which some lawmakers say violate the Constitution. His strong rebuttal emphasizes legality and stress over political motivations behind the impeachment resolution. The House is set to examine these allegations further, with proceedings currently underway.
Dividend alert! MRF announces Rs 3/share interim dividend. Check record date
MRF announced an interim dividend of Rs 3 per share alongside its Q2FY27 results, with November 17 set as the record date. The tyre-maker reported a 13% YoY decline in consolidated net profit to Rs 417 crore.
Who is Thomas Massie and why has he proposed impeachment proceedings against US Defence Secretary Pete Hegseth?
Thomas Massie has proposed eight articles of impeachment against US Defence Secretary Pete Hegseth. The congressman from Kentucky has accused the Defence Secretary of operating military operations without congressional approval. Other elements of concern are the protection of civilians, revenge against a senator and military operations in Yemen and Venezuela. A vote could be held in the House within two legislative days.
RRAG urges UN to intervene over Sheikh Hasina’s right to return to Bangladesh
The Rights and Risks Analysis Group urges the UN Secretary General and other officials to intervene concerning Sheikh Hasina's return. The former Prime Minister's passport application was denied by Bangladesh's government, preventing her return. Bangladesh's Constitution and international law recognize the right to return, which has been allegedly violated in this case. Despite demands for her extradition, the government has created obstacles for Hasina's return from India.
IREDA stock rises 8%, logs seventh straight session of gains; rebounds over 21% from October low
IREDA shares extended their winning streak to a seventh consecutive session on Monday, rising as much as 8% on the NSE. The stock has rebounded over 21% from its October low of Rs 98.78. The rally comes after the company's Q2 results and a recent board-level change.
Nithin Kamath says speculative craziness brought more people into US markets: ‘Nothing expands markets like greed, FOMO
Zerodha CEO Nithin Kamath highlighted the rapid transformation of US financial markets since COVID-19, driven by crypto, derivatives, NFTs and prediction markets. While speculative trading attracts new investors and expands financial participation, Kamath warned that easy access to high-risk investments could harm individuals and society.
Sai Life Sciences shares jump 9%, multibagger stock rallies 19% in 3 days after Q2 results. Why Jefferies hiked target price
Sai Life Sciences shares hit a fresh 52-week high on Monday after strong Q2 results and bullish brokerage commentary. Jefferies retained its Buy rating and raised its target price to Rs 2,050, citing healthy CRO and CDMO growth, a strengthening pipeline and improved earnings prospects.
Trading setup for the day: Gift Nifty signals positive start to Muhurat Trading
Diwali Muhurat Trading Setup: Bechmark Nifty experienced a significant increase, closing at 25,030 on Friday as markets opened positively. Investors showed optimism ahead of a special trading session on Diwali, scheduled for Sunday. Foreign portfolio investors were net buyers, contributing substantially to market growth, while domestic institutions were net sellers. The Indian rupee appreciated against the US dollar, aided by favorable market conditions.
Angel One edges past Zerodha in NSE active investors, claims second spot; Groww leads
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active NSE investors, adding 2.43 lakh investors in October. Groww retained the top position with 1.37 crore active investors. Angel One also reported its highest monthly client additions in nine months, alongside an improvement in trading activity and market share.
24-hour period to produce before magistrate starts with detention, not formal arrest: SC
The Supreme Court ruled that the 24-hour period for presenting an accused to a magistrate starts with actual detention. This ruling clarifies that delays in formal arrests cannot violate constitutional protections. A recent case involved four individuals arrested under the NDPS Act with an unreasonable delay before appearance in court. The court emphasized the importance of safeguarding fundamental rights during detention and investigations.
Centre supports plea to deny perks to high office holders who quit to avoid removal
The Centre has expressed support for a public interest litigation regarding constitutional functionaries and their resignation benefits. The petition aims to prevent these functionaries from retaining perks upon resigning to evade removal proceedings. Solicitor General Tushar Mehta indicated the government would respond to the petition. The plea also argues that such provisions are arbitrary and violate constitutional rights. This legal action highlights the importance of accountability among high constitutional offices.
Why anti-Trump Republican Thomas Massie wants Pete Hegseth impeached; what the defense secretary can do to avoid the situation
Rep. Thomas Massie plans to push for the impeachment of Defense Secretary Pete Hegseth when Congress reconvenes. Massie outlined allegations against Hegseth, including abuse of power and unauthorized military actions. He suggests that Hegseth's resignation would halt the impeachment process entirely. The Pentagon has expressed support for Hegseth, affirming his leadership and commitment. A House vote would occur if Massie proceeds with the impeachment articles.
SC seeks Centre, ECI response to plea challenging blanket immunity for Election Commissioners
The Supreme Court has sought responses from the Centre and the Election Commission on a plea challenging legal immunity granted to the Chief Election Commissioner and other Election Commissioners for acts performed in official duties. The petition questions whether Section 16 of the 2023 law violates constitutional principles of equality, accountability and access to justice.
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