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Punjab CM Bhagwant Mann launches ‘Punjab Da Crorepati’ quiz; winner to get Rs 1 crore
Punjab residents aged 15 to 30 can participate in the newly announced quiz contest called 'Punjab Da Crorepati'. The competition aims to test knowledge in various subjects, including history and culture, and offers substantial cash rewards. Participants can register through the mobile app available on Google Play and Apple App Store. The contest consists of multiple online rounds followed by district-level competitions culminating in a grand finale.
Anthropic IPO buyers have more influence on price than SpaceX
Anthropic PBC is gearing up for its initial public offering, setting ambitious price targets to capture investor interest. The firm aspires to achieve record fundraising that could eclipse SpaceX's previous achievements. High-profile tech investors back Anthropic's private financing, indicating strong market confidence. Its traditional IPO pricing strategy, distinct from SpaceX's, positions Anthropic to navigate through the challenges of market fluctuations smoothly.
Tata Motors PV Q2 Results: Company reports net loss of Rs 5,531 crore; revenue jumps 34% YoY
Tata Motors PV Q2 Results: Tata Motors Passenger Vehicles on Friday reported a consolidated net loss of Rs 5,531 crore for the September quarter of FY27 (Q2FY27), compared with a net profit of Rs 76,170 crore in the corresponding quarter of the previous financial year. The company reported a one-time loss of Rs 6,738 crore for the quarter.
Grasim Industries Q2 Results: Standalone net profit zooms 187% YoY to Rs 2,306 crore, revenue jumps 33%
Grasim Industries Q2: Grasim Industries reported a standalone net profit of Rs 2,306 crore in Q2FY27, up nearly 187% year-on-year, while revenue surged 33% to Rs 12,746 crore. Shares, however, declined around 2% following the earnings announcement.
Property seller accepts Rs 5.52 lakh cash from buyer, faces income tax penalty; ITAT Cuttack grants relief due to this technical reason
In a notable case, Mr. Choudhury was penalized by the Income Tax Department for accepting cash during a property sale. His Chartered Accountant contested the application of Section 269SS, stating it was misapplied. The ITAT Cuttack ruled in Mr. Choudhury's favor, referencing a precedent set by the Arati Saraf case, leading to the cancellation of the penalty imposed under Section 271D.
12 bluechip stocks within 5% of their 52-week highs; should you chase them now?
India's stock market has made a remarkable comeback, emerging as the top global performer thanks to a resurgence in foreign investments. After a challenging phase marked by persistent selling from foreign investors, the re-entry of foreign institutional investors (FIIs) has invigorated market liquidity and boosted investor sentiment. Although there are encouraging signs of earnings recovery, experts warn that profit-booking and various economic factors could pose risks to ongoing growth.
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Hitachi Energy India shares jump 8% as brokerages raise targets after Q2 beat
Hitachi Energy India shares surged after a strong Q2 performance, with revenue rising 64% YoY to Rs 2,997 crore, beating Jefferies’ estimates by 26%. EBITDA grew 36% to Rs 406 crore, while reported profit increased 20% to Rs 319 crore.
Vodafone Idea shares fall 3% after Q2 loss widens to Rs 5,975 crore on exceptional charges, ARPU rises to Rs 198
Vodafone Idea reported a higher Q2 FY27 net loss of ₹5,975 crore, despite 6% revenue growth to ₹11,884 crore. ARPU rose nearly 10% to ₹198, supported by customer upgrades. Subscriber numbers, data usage and EBITDA improved, while capital expenditure more than doubled sequentially amid ongoing network expansion efforts.
Ola Electric shares sink 6% as Q2 revenue falls 39% YoY. What's next?
Ola Electric shares fell over 6% after the company reported a 39% YoY decline in September-quarter revenue to Rs 421 crore, despite narrowing its consolidated net loss to Rs 362 crore. Sequentially, losses widened and revenue declined 7.5%. The stock slipped to Rs 33.48 on the NSE as investors weighed the weak revenue performance and profitability trends.
ED probes 21L trail to retd Punjab official's wife in border land case
The Enforcement Directorate is investigating a money-laundering case linked to illegal land transfers in Pathankot, Punjab. Investigators are probing alleged payments from a stone-crushing firm to a retired official's wife. The case involves public land transfer to private entities, which facilitated unauthorized sand and gravel extraction. The agency has conducted multiple searches and seized cash and heavy machinery related to the operations.
Vodafone Idea Q2 Results: Loss widens to Rs 5,975 crore, revenue rises 6% YoY; ARPU jumps to Rs 198
Vodafone Idea Q2 Results: Telecom operator Vodafone Idea reported a widening of its net loss to Rs 5,975 crore in the September quarter of FY27 (Q2FY27), partly due to the adverse impact of mark-to-market adjustments on treasury assets. The company had reported a net loss of Rs 5,584 crore in the corresponding quarter of the previous financial year (Q2FY26).
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.
Kalyan Jewellers shares jump 15% in 2 days as target prices go up to Rs 900. Should you buy?
Kalyan Jewellers shares have rallied sharply over the two sessions after brokerages raised their target prices following strong Q2 earnings and healthy festive demand. With Jefferies seeing a potential upside to Rs 900, investors are weighing the company's growth prospects against margin pressures, gold-price volatility and the stock's sharp recent gains.
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.
NCDEX launches India's first steel scrap futures contract to help industry hedge price risks
NCDEX has launched India's first PRA-based steel scrap futures contract, offering steelmakers and traders an organised hedging mechanism. Based on HMS 80:20, the cash-settled contract aims to improve price transparency and benchmark discovery.
USDA SNAP rule change: 6.3 million Americans face food stamp cuts as $44 billion savings plan targets 46 states; could children also lose automatic free school meals?
The USDA wants to end a food stamp eligibility rule that could leave 6.3 million Americans without SNAP benefits. The proposed change targets 3.2 million households across 46 states and could save the federal government more than $44 billion from 2027 to 2031. But the impact goes beyond food aid, as millions of families could also lose automatic access to free school meals.
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
Andaman co-operative bank 'fraud' case: ED attaches semi-submarine tourist vessels, other assets
A fresh prosecution complaint (chargesheet) was also filed in the case on November 6 before a special Prevention of Money Laundering Act court located in Port Blair. A provisional order was issued under the PMLA on November 5 attaching a total of 35 immovable and five movable properties, the agency said in a statement. The total value of these assets is Rs 121.35 crore, the agency said.
NSE shares rise 2%, recover 20% from record low in less than a month. Why Motilal Oswal sees 19% upside
NSE shares hit a record high of Rs 1,965, recovering 20% from their recent low. Motilal Oswal initiated coverage with a Buy rating and a target price of Rs 2,300, citing structural growth opportunities, market leadership and improving earnings prospects.
Tata Steel shares rise 2%. Why brokerages remain bullish; see up to 30% upside potential
Tata Steel shares rise over 2% following strong Q2 FY27 earnings, with net profit increasing 16% year-on-year. Brokerages largely retain Buy ratings, although target prices vary. Nomura cuts its target, while Jefferies remains optimistic and Axis Securities upgrades its rating, citing improving margins and earnings prospects.
NCLT flags undervalued, fraudulent HDIL property sale in 2019
The order relates to a commercial office premises in Dheeraj Pali Arcade Building on Pali Road, Bandra West, which was transferred to the buyer through a registered sale agreement dated July 4, 2019. The transaction involved former HDIL directors Rakesh Kumar Wadhawan and Sarang Rakesh Wadhawan.
ED alleges network of intermediaries sought to influence transfers, policy decisions in Punjab CMO
The Enforcement Directorate (ED) has alleged that a network of private intermediaries around the Punjab Chief Minister’s Office sought to influence government transfers, policy decisions, tenders, licensing and land approvals.
Warren Buffett’s 7 golden rules for young investors trying to manage finances
Warren Buffett shares seven essential financial lessons for young investors, emphasising frugal living, eliminating high-interest debt, long-term investing, understanding businesses, maintaining cash reserves and portfolio diversification through his 90/10 rule. He also reminds investors that financial wealth matters less than happiness, relationships and unconditional love.
Grey zone in Indian payment laws: Crypto goes shopping in rupee using QR-linked loophole
Unified payments interface is now being used for buying cryptocurrencies through applications like goat.cash. Consumers can conveniently convert their cryptocurrencies, such as USD Coins, to pay vendors for goods. This involves scanning QR codes and entering necessary details, which facilitates quick transactions. Intermediaries help complete the process by converting USDC to rupees for vendors. Additionally, stable coins often trade at a premium within the Indian market.
Alivus Life Sciences block deal: Promoter Nirma sells over 28 lakh shares worth Rs 390 crore; Norges Bank, Helios MF among buyers
Nirma sold 28.46 lakh Alivus Life Sciences shares worth Rs 390 crore through a block deal at Rs 1,370 apiece. Norges Bank, Bandhan MF and others bought shares as Alivus reported strong Q2FY27 earnings growth.
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.
Cummins India shares crash 15% after Q2 net profit falls 19% YoY, margins take 680 bps hit
Cummins India shares plunged after the company reported a 19% year-on-year decline in Q2FY27 net profit, while EBITDA margin contracted sharply. Higher commodity and freight costs, along with an unfavourable product mix, weighed on profitability despite growth in domestic sales and exports.
AI bubble is coming, and there is no way out! Aswath Damodaran explains what investors should do before the crash begins
Valuation expert Aswath Damodaran believes an AI bubble is inevitable and investors cannot avoid its impact entirely. In a recent podcast, he traced the AI frenzy to ChatGPT's 2022 launch, which brought artificial intelligence into public consciousness. He explained how advances in computing power and access to vast amounts of data have transformed AI and fuelled today's enthusiasm.
Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT Jaipur
Policyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexplained cash; he wins case in ITAT Jaipur.
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