Indices decline over 1.5%; investors lose nearly Rs 11 trn

India’s benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world’s biggest economy. The continued buying support from domestic investors added to the market buo

India's benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world's biggest economy. The continued buying support from domestic investors added to the market buo

Markets Today Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent

Stock Market, BSE, NSE, Nifty, Capital

The centre of the quake was 93 km North East of Lobuche, Nepal and struck the region at 06:35:16 IST today

Earthquake

The diplomatic row between Dhaka and New Delhi notwithstanding, as many as 50 Bangladeshi judicial officers will undergo 10 day training at state-run academies in India, according to a media report on Saturday.
The Law Ministry has given permission to 50 judicial officials of subordinate courts to undergo training at the National Judicial Academy and State Judicial Academy at Bhopal in Madhya Pradesh with no cost to Bangladesh.
The Law Ministry has given permission in the wake of the Supreme Court's advice, Prothom Alo newspaper said here.
These judicial officers will participate in the training from February 10 to February 20.
Assistant Judges, Senior Assistant Judges, Joint District and Sessions Judges, Additional District and Sessions Judges, District and Sessions Judges and officers of equivalent rank have been nominated for the training.
A circular signed by Abul Hasanat, Deputy Secretary (Training) of the Law and Justice Division of the Ministry of Law, Justice and Parliamen

Bangladesh flag, Indian flag

Adani Wilmar, which sells edible oils and other food items, on Saturday reported a 6 per cent annual growth in sales volumes and a 33 per cent increase in revenue in the December quarter.
Adani Wilmar, established jointly by Adani Group and Singapore Wilmar Group in 1999 markets its products mainly under Fortune brand.
Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale.
In a regulatory filing on Saturday, Adani Wilmar said the company "achieved a healthy volume growth of 6 per cent year-on-year in Q3 (December quarter), despite significant price hikes driven by surge in raw material costs".
Revenue grew 33 per cent year-on-year, it added.
"In the edible oils segment, although there was downtrading among consumers, the company maintained its market share by its strategy of having a diverse portfolio of brands at various price points," Adani Wilmar said.
The company reported 4 per cent

result, q1, q2, q3, q4

Capital markets regulator Sebi has disposed of a show cause notice issued to Karvy Capital Ltd and its key management personnel after finding no violations of alternative investment funds (AIF) rules.
The order came after the Securities and Exchange Board of India (Sebi) examined the matter of Karvy Capital Alternative Investment Trust, and KCAP Alternative Investment Fund, to ascertain satisfaction of 'fit and proper' criteria by Karvy group AIFs registered with Sebi.
Thereafter, Sebi observed certain non-compliances and accordingly initiated adjudication proceedings against Karvy Capital Ltd (KCL) and key management personnel -- Ajit Bhaskaran, Hitungshu Debnath (former director & COO), and K P Jeewan -- for the alleged violations of AIF norms.
Thereafter, Sebi issued a show cause notice (SCN) to the noticees (KCL, Bhaskaran, Debnath and Jeewan) on June 7, 2024 for the alleged violations.
In an order passed on January 2, Sebi said Karvy Capital Alternative Investment Trust and ..

SEBI

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

He cited the 'Sheeshmahal' as an example, referencing a report by a leading newspaper revealing excessive expenditure on the Delhi CM's residence, based on the CAG report

Sanjay Raut

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.
Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said.
OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said.
"OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said.
Pawa

OYO, Oyo rooms, Oyo app, Oyo logo

A five-judge bench of the Supreme Court will on January 9 consider the pleas seeking review of its October 2023 verdict declining legal sanction to same-sex marriage.
A bench comprising Justices B R Gavai, Surya Kant, B V Nagarathna, P S Narasimha and Justice Dipankar Datta will take up about 13 petitions related to the matter in chambers.
According to practice, the review pleas are considered in chambers by judges. The top court had refused to allow an open-court hearing on the review pleas.
The new bench was constituted after Justice Sanjiv Khanna, the present CJI, recused from hearing the review petitions on July 10, 2024.
Notably, Justice P S Narasimha is the only member of the original Constitution bench comprising five judges which delivered the verdict, as former CJI D Y Chandrachud and Justices S K Kaul, Ravindra Bhat, and Hima Kohli have retired.
According to the Supreme Court's causelist, the review petitions would be considered at around 1.55 pm  on January 9.
A five-j

SC, Supreme Court

Chhattisgarh Public Works Department (PWD) has suspended the registration of construction contractor Suresh Chandrakar, the main accused in the murder of a journalist in Bijapur district, officials said on Tuesday.
Freelance journalist Mukesh Chandrakar (33) went missing on January 1. His body was found on January 3 in a septic tank on a property owned by Suresh Chandrakar at Chattanpara Basti in Bijapur town, police earlier said.
Suresh Chandrakar, who was absconding since the murder came to light on January 3, was arrested by a Special Investigation Team (SIT) from Hyderabad on Sunday night, police said.
After his arrest, the chief engineer of PWD Bastar circle, Jagdalpur, recommended to suspend the registration of Suresh Chandrakar, who was enrolled as 'A' category contractor with the department, an official here said.
Based on the recommendation, the department suspended his registration on Monday, the PWD official added.
Suresh Chandrakar's brothers Ritesh Chandrakar and Dine

Mukesh Chandrakar

The Competition Commission of India (CCI) on Tuesday approved Tata Electronics' proposal to acquire a majority stake in Apple's contract manufacturer Pegatron Technology India.
Tata Electronics Pvt Ltd (TEPL) is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers.
The proposed combination envisages TEPL to acquire the majority shareholding of Pegatron India in two tranches, CCI said in a release.
TEPL, through Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India), is also engaged in the provision of electronics manufacturing services (EMS) for smartphones.
The fair trade regulator also granted nod to Tata Electronics to transfer the business undertaking of TEL Components, an wholly-owned subsidiary of TEPL, to Pegatron India.
"Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt Ltd (Pegatron India) by Tata Electronics Pvt Ltd (TEPL)

Tata Technologies

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Same-sex marriage: 5-judge SC bench to consider review pleas on January 9

Chh'garh PWD suspends registration of contractor held in scribe murder case

Tata Electronics gets CCI's nod to acquire majority stake in Pegatron India

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