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    Sensex & Nifty fall in Muhurat trade for first time since 2017

    Indian equities experienced a slight decline during the Diwali Muhurat trading session for the first time since 2017. The Sensex ended at 80,999.40, down 28.62 points, and the Nifty closed at 24,986.40, shedding 43.95 points. Despite the drop, market sentiment has recently shown signs of improvement, particularly with foreign investors becoming buyers again.

    Bonus, stock splits & dividends: Dabur India, HUL, ONGC among 76 companies turning ex-record date this week

    As many as 76 companies, including Dabur India, HUL, ONGC, NBCC, and HUDCO, have set record dates for dividends, stock splits, and bonus issues during the week of November 9-13. Markets remain closed on Tuesday, November 10, for Diwali-Balipratipada.

    Coca-Cola India’s bottling arm HCCH files DRHP for IPO

    Hindustan Coca-Cola Holdings Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. This IPO will involve an Offer for Sale of nearly one billion equity shares by the promoter. Coca-Cola India aims to enhance its asset-light operating model while focusing on brand development and digitization. The company has shown impressive revenue growth in its recent financial performance.

    ‘Ocean freight rates will come down eventually, we have seen this before’: DP World COO

    Global ocean freight rates are predicted to decrease after a surge due to logistical disruptions from the US-Iran conflict. DP World rerouted shipping routes through India to mitigate the impact on trade, showcasing the importance of Indian partnerships. Investment in Jebel Ali Free Zone increased significantly, with over 270 new Indian companies starting operations recently. Alternative routes were implemented for Indian cargo to bypass maritime bottlenecks, enhancing connectivity for trade.

    Farooq Abdullah dismisses NC rift reports as ‘baseless rumours’ after meeting with dissident MLAs

    National Conference president Farooq Abdullah has rejected reports of a split in the ruling party after meeting Chief Minister Omar Abdullah and MLAs who had raised concerns over its functioning. He said the leadership had heard their grievances and would take steps to strengthen the party and the government.

    Tesla IPO investors turned $1,000 into $242,000: Can its $1.52 trillion valuation deliver another big payday for shareholders?

    Since its initial public offering in 2010, Tesla has surged over 24,000% in stock value. Despite this history, recent earnings data for Q3 reveal a downturn in operating income. Tesla shares plunged 10.77% on Thursday, November 5, closing at $343.69. Friday’s rebound in Nasdaq offered some relief. The company’s high market price suggests optimism for future innovations in AI, like Robotaxis and Optimus. New shareholders face challenges compared to those who invested early.

    The Economic Times
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