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Sensex expiry day hit by tech glitch on record high day, brokers blame BSE
Sensex hit 80,893, but a BSE glitch during weekly expiries caused F&O traders, including Anil Hudda from Jaipur, significant losses (Rs 15 lakh). Orders on Zerodha were 'open pending.' Groww cited connectivity issues, fixed by noon. Hudda shared his grievances on X. Demat accounts reached 16.2 crore, with BSE's F&O turnover rising 15% month-on-month amidst increasing market volumes.
Budgetary allocation continuously increasing for infra sector: Anil Yadav, IRB Infrastructure
One of such projects is expected to complete end of this financial year. But we do not expect any further increase in any of the project because the tariff revision is annual.
EPFO notifies policy for hiring retired employees on contract basis
The Employees' Provident Fund Organisation (EPFO) has announced a policy for hiring retired officers and employees on a contract basis. This move aims to fill existing vacancies in various cadres across EPFO, as existing personnel may lack the required competency. The policy, approved by the EPFO's executive committee in October 2023, will be for an initial one-year term, with the possibility of extension beyond two years after superannuation.
Aiming to make renewable arm a $10 billion biz in next couple of years: Devansh Jain, InoxGFL Group
No offense to mobile phones or televisions, these are very high end complex products. You need to have the ability to stand for the next 20-25 years in terms of capability, in terms of developing projects, building projects.
TRAI offers relief to TV distribution platforms in amended tariff order
TRAI's new tariff orders aim to reduce regulatory burden on DPOs in the TV industry. Changes include lifting NCF cap, allowing DPOs to charge based on paying capacity, and free-to-air channels now free on certain platforms. Discounts on a-la-carte channels permitted.
“Sad to see losses”: Angry Zerodha users take to social media to complain of fresh glitch
Multiple Zerodha users on Monday took to social media to complain about tech glitches related to placed orders. While the broker updated that the glitch has been fixed, investors expressed their anger on social media.
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'Your online order will be cancelled if you don't update address': Latest India Post delivery scam here, how it works, how to avoid
Online order delivery scam: A new scam has been in regard to delivering online orders in your address. What happens if fraudsters first send a SMS saying that your online order could not be delivered due to incomplete address, so here's a link to update it. When you click on the link it asks for your debit card or credit card details.
‘Should have done better … now learnt the lesson,’ says Paytm founder
Paytm is like a daughter who met with an accident and is in ICU, Vijay Shekhar Sharma says in the context of developments at the payments bank. "I saw it as a daughter on the way for an important entrance test, but met with an accident, and in a way is in ICU right now. That was the feeling from a personal, emotional (point of view),” Sharma said speaking at an event organised by JITO Innovation and Incubation Foundation in New Delhi.
Steel body wants merger of three Companies with SAIL for synergy
The Steel Executives Federation of India (SEFI) has proposed merging state-run Rashtriya Ispat Nigam Limited (RINL), Ferro Scrap Nigam Limited (FSNL), and Nagarnar steel plant with Steel Authority of India Limited (SAIL) to create a stronger public sector entity. It emphasised the potential benefits in achieving capacity expansion targets and addressing resource challenges faced by the individual firms, while questioning the wisdom of FSNL disinvestment.
Tesla Vs Tesla: HC orders mediation in trademark dispute between Musk's firm & Gurugram-based company
The Delhi High Court has directed Tesla Inc. and Gurugram-based Tesla Power India to mediate their trademark dispute. Tesla Inc. alleges that Tesla Power India's use of the "Tesla" trademark infringes on its rights, causing consumer confusion and harming its business. Mediation is scheduled for July 18, with a further hearing on September 18.
We expect 15% to 20% revenue growth this financial year: Nalin Gupta, J Kumar Infraprojects
The revenues have been growing at 15% to 17% and this year 15% to 20% is what we are expecting in terms of the top line.
NCC likely to benefit from state-led infra push
A key factor which provides an edge to NCC over peers is its well-diversified order book. At present, on a consolidated basis, the company has an order book of Rs 57,536 crore, offering a revenue visibility for at least two and a half years.
Hot Stocks: 3 stocks that may give returns between 15-31%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.
Kejriwal withdraws from SC plea against HC's interim stay on bail order
Delhi Chief Minister Arvind Kejriwal withdrew his Supreme Court plea challenging a Delhi High Court order that stayed his bail in the excise scam-related money laundering case. Kejriwal's counsel, Abhishek Singhvi, indicated plans to file a new appeal following his recent arrest by the CBI.
SAT stays Sebi order on former PTC India CMD Rajib Kumar Mishra
The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses.
Byju’s challenges NCLT order restricting fund use in Karnataka High Court
Byju’s faces protests from investors over $200 million rights issue conducted at 99% discount. Lenders within consortium loaned $1.2 billion to Byju’s file bankruptcy petition in US court.
FSIB shortlists five for executive director positions
FSIB shortlisted five CGMs for ED positions in public sector banks after interviewing 57 candidates. Vaheed, Rajeeva, and Majumdar are top three in the list, while Surendran and Srivastava are number four and five.
What should investors do with defence stocks? Mayuresh Joshi answers
However, I think for markets with India perspective we are very-very light right now, we still like to see over the next couple of days of what transpires on the political front and therefore the initiatives that will be taken over the next few days and specifically in the budget in terms of allocations are going to be extremely critical.
Constructive policies over last several years exciting for India: Vinay Dube, Akasa Air
What I can talk about is the progressive and constructive policies that I have experienced over the last several years, those are very exciting for the country.
Suzlon is all renewed energy with a book full of orders & free of debt
Suzlon Energy, a key player in India's renewable energy sector, saw a remarkable turnaround in FY24. The company became debt-free, increased its order book, and revamped leadership under CEO JP Chalasani.
Biden prepares a tough executive order that would shut down asylum after 2,500 migrants arrive a day
The White House is discussing plans for President Biden to issue an executive order closing asylum requests at the U.S.-Mexico border if daily encounters hit 2,500 between ports of entry, reopening when the number falls to 1,500. This move aims to control border numbers and is expected to be announced on Tuesday.
Capacit'e Infraprojects Q4 Results: PAT more than doubles to Rs 52 crore
Capacit'e Infraprojects has said its consolidated profit after tax more than doubled to Rs 52 crore for the March 2024 quarter, on account of higher income. It had posted a Profit After Tax (PAT) of Rs 22 crore in the year-ago period, the company said in a regulatory filing late Tuesday.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
'FBI' Season 7: How will Mike Weiss impact series? Everything you may like to know
Hit TV series 'FBI' is set to receive a major overhaul in the seventh season as Mike Weiss takes over the reins as the new executive producer. Meanwhile, the sixth season of the series wrapped up recently.
The Biden administration is planning more changes to quicken asylum processing for new migrants
The Biden administration is considering changes to the asylum system to speed up processing and potential removal of migrants at the southern border. The proposed change would prioritize certain migrants for asylum processing rather than going to the back of the line. This move aims to process recent arrivals within six months, compared to the current backlog that takes years. The administration hopes this will dissuade more people from attempting the journey to the U.S.-Mexico border. However, advocates for immigrants are concerned about expediting proceedings for migrants already facing difficult circumstances.
How does ' throwing eggs' help new investment in China? Executive order of Joe Biden gets sidelined
As US-based investors keep pulling out from China, learning a game of 'throwing eggs' is helping investment companies in affluent regions of the world's second-largest economy, claim reports.
US sanctions China, Belarus companies for Pakistan missile-linked gear
While China has been the biggest supplier of weapons and technology to Pakistan in recent years, the link between a Belarusian entity and Pakistan has come as a surprise to many experts. Ukraine, however, is known to have supplied defence items to Pakistan since the dissolution of the Soviet Union. On the implications of the sanctions, the US said, "As a result of today's action, all property and interests in property of the designated persons described above that are in the US, or in possession or control of US persons, are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC)."
Suits & Sayings: All Talk, No Hire
ET’s roundup of the wackiest whispers in corporate corridors!
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