MAJORS
Mcap of 8 of top-10 most-valued firms jumps Rs 1.83 lakh cr; TCS, Infosys biggest gainers
The BSE benchmark rose 963.87 points, up 1.21%. Eight leading firms added Rs 1,83,290.36 crore, led by TCS, Infosys, Reliance, ICICI Bank, LIC, Hindustan Unilever, ITC, and SBI. TCS increased by Rs 38,894.44 crore, Reliance by Rs 32,611.36 crore. HDFC Bank and Bharti Airtel saw declines in market valuation.
Cybercrime groups restructuring after major takedowns: experts
Cybercrime gangs are looking to rebuild with new tactics after global police operations this year made a huge dent in their activities, experts have told AFP. The gangs have had a bad year so far, with law enforcement operations taking out some of prominent groups including LockBit, a loose network of largely Russian-speaking cyber criminals. - 'Bounce back' - LockBit's operations were taken down by law enforcement in February.
Gold outpaces major assets with 12% surge in 2024
Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes. Gold has thus far benefitted from continued central bank buying, Asian investment flows, resilient consumer demand, and a steady drumbeat of geopolitical uncertainty. As we look forward, the key question in investors’ minds is whether gold’s momentum can continue or if it’s running out of steam.
Labour Party leader Starmer thanks British voters, says people are ready for change
His speech came after Britons resoundingly voted to put an end to 14 years of Conservative rule and deliver a landslide victory for the Labour Party According to the exit poll, which is often quite close to the final tally, Labour could win as many as 410 seats, comfortably crossing the halfway 326 mark and notching up a 170-seat majority with the incumbent Tories led by Prime Minister Rishi Sunak down to just 131 seats.
Samsung Electronics forecasts major Q2 profit jump
Samsung Electronics said Friday it expects second-quarter operating profits to rise more than 15-fold on-year as chip prices bounce back and demand for generative AI continues to grow. The world's largest memory chip maker said in a regulatory filing that its April-June operating profits were expected to rise to 10.4 trillion won ($7.54 billion), up 1,452.2 percent from 670 billion won a year earlier.
Cargo traffic at 12 major Indian ports rises 6.8 pc to 69.8 MT in Jun
Cargo traffic at major Indian ports increased by 6.8% in June, with Jawaharlal Nehru Port and Cochin Port showing the highest growth. However, Mumbai Port experienced a decline. Overall, ten ports saw positive growth while two witnessed a decrease.
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Hathras and the tragic history of major stampedes at religious events in India
A tragic stampede in Uttar Pradesh resulted in over 100 deaths during a Hindu gathering. The incident unfolded in Hathras district, located about 200 km southeast of New Delhi.
Olivia Dunne to try for Olympics or return to LSU? Louisiana State University gymnast sensation reveals future plans
Olivia Dunne, who is a darling of social media, has talked about participating in Olympics, a possible return to LSU and Team USA.
56-year-old Major General pulls off 25 pull-ups, what's your excuse? Watch viral video
Indian Army Major Pull-up Viral video (Google Trends): The 46-second clip shows Major General Joshi, clad in his uniform, executing the pull-ups in a gym filled with other Army personnel who count down each rep. His fellow soldiers erupt in applause as he completes the set, a testament to his commitment to physical fitness.
"Majority will become minority...": HC raises concerns over religious conversion gatherings
The Allahabad High Court recently expressed serious concerns regarding religious conversion gatherings, highlighting the potential demographic implications if unlawful conversions persist in India.
Religious congregations where conversions take place must be stopped: Allahabad HC
The Allahabad High Court, while rejecting the bail plea of Kailash accused of religious conversion, emphasized that religious congregations leading to conversions should be immediately halted to prevent the country's majority population from becoming a minority. Justice Rohit Rajan Agarwal clarified that 'propagation' does not include converting individuals from their religion. The court noted serious allegations against Kailash for organizing gatherings in Delhi where people, including an informant's brother, were reportedly converted to Christianity. The case involves charges under IPC Section 365 and UP's Anti-Conversion Law, highlighting concerns over unlawful conversions in Uttar Pradesh.
'Extremely dangerous' Hurricane Beryl intensifies in Caribbean, eyeing Jamaica
Hurricane Beryl intensified to a Category 4 storm with winds up to 155 mph, moving across the southeastern Caribbean on Monday. Jamaica is near its path, prompting a hurricane warning. The storm has caused power outages and flooding in several Caribbean islands. Beryl is expected to bring heavy rain to Barbados and the Windward Islands. Climate change is believed to be intensifying such storms, contributing to an unusually active hurricane season. Jamaica and Mexico are preparing for Beryl's impact, with warnings of potential flash flooding and infrastructure damage.
Major General VT Mathew takes over as General Officer Commanding of Karnataka, Kerala sub area
The General Officer is an alumnus of Sainik School Kazakkotam in Thiruvananathapuram, National Defence Academy in Khadakwasla and Indian Military Academy, Dehradun. He was commissioned into 11 MADRAS Regiment in December 1988. "In his 35 years of meritorious service the General Officer has held various important instructional, staff and UN peace keeping appoints during his service. He has been on UN Mission in Democratic Republic of Congo (MONUC) as Military Observer and was also the Chief Operational Officer, Force HQ UNISFA, Sudan," it stated.
Airbus says will buy 'major activities' of subcontractor Spirit
European aerospace giant Airbus announced on Monday its intention to acquire major activities related to Airbus from subcontractor Spirit AeroSystems. This move comes as US competitor Boeing prepares to take over the majority of Spirit AeroSystems' operations.
The T20 World Cup was a milestone for cricket's global ambitions
With the decision to increase the size of the tournament to 20 teams and to play part of the group stage in the USA, the International Cricket Council (ICC) saw this World Cup as a vehicle for expansion of the sport's popularity. More teams from emerging cricket nations were given a chance to perform on the global stage and Americans were offered the opportunity to engage with a sport far from their mainstream.
Tata Group retains No 1 position in Brand Finance India Report 2024
Infosys has also exhibited a strong growth with a 9 per cent growth. The report has put its brand value to USD 14.2 billion despite a slowdown in the global IT Services sector. While HDFC Group has jumped to third sport with a valuation of USD 10.4 billion, following its merger with HDFC Ltd.
Britannia committed to Bengal, says Amit Mitra amid no word on Kolkata plant operation
Britannia Industries Limited reaffirms commitment to West Bengal, with plans to enhance business operations despite worker VRS acceptance. The company's managing director will visit to ensure no major impact on operations, emphasizing sustained manufacturing and the continued presence in Kolkata.
Edge of Tomorrow 2: Is the sequel in the works? Director unveils future plans
Director Doug Liman has offered an optimistic update on the highly anticipated sequel to Edge of Tomorrow, indicating that Warner Bros. Pictures remains committed to making the project a reality.
All permanent workers of Britannia's Taratala factory accept VRS
All permanent workers at Britannia's Taratala factory in Kolkata have accepted the voluntary retirement scheme (VRS), ensuring no impact on business operations. The company had informed the bourses about this development recently. The Taratala plant is one of Britannia's oldest biscuit manufacturing plants in the country.
L&T bags significant order for solar plant in Bihar
Infrastructure major Larsen and Toubro (L&T) has won a substantial contract to construct a grid-connected solar plant with a battery energy storage system in Bihar, valued between Rs 1,000 crore and Rs 2,500 crore. The project in Kajra village, Lakhisarai district, will assist Bihar in utilizing renewable energy and overcoming climate change challenges.
Scientists discover river system that flowed 40 million years under ice in Antarctica
Geologists have discovered an old river that formerly flowed through Antarctica but is now buried below kilometers of ice.
Security & legal proposals to now come under Niti
Niti Aayog, under Major General K Narayanan, to focus on security and law proposals. Reconstitution aligns with government's emphasis on security and legal matters.
Smooth flying: India plans to simplify immigration checks for international trips
The Indian government aims to develop airports as transit hubs for South Asia, incorporating a strategy called the confluence of flights. This allows travelers on connecting flights under the same ticket number, or PNR, to complete customs and immigration checks at their initial departure point and final destination, bypassing intermediary checks during layovers.
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore
Blackstone may sell up to 15% stake in IT major Mphasis for Rs 6,697 crore through a block deal. Blackstone holds 55.45% in Mphasis. Mphasis specializes in cloud and digital solutions.
Major League Cricket selects Remitly as signature partner
Major League Cricket (MLC) has partnered with digital financial services provider Remitly as a Signature Partner for the league's second season. The partnership is a significant milestone as MLC prepares for the tournament's return on July 5 in Morrisville, NC and Grand Prairie, TX. Remitly's digitally native, cross-border payments app will launch exclusive promotions to celebrate MLC fans, including discounts on international money transfers and special offers during the season.
Wipro gives over 85% variable pay for Q4 FY24
IT services major Wipro paid its employees an average of more than 85% variable pay for the fourth quarter of FY24, several employees have told ET, on condition of anonymity.
From supremacy to coalition dharma: A new path for BJP
In the aftermath of the Lok Sabha election results, the BJP-led NDA appeared unlikely to reach the majority mark on its own, signaling a return to coalition politics. With allies like TDP and JD(U) in focus, intense negotiations are underway as the BJP navigates forming a government amidst unexpected outcomes. The transition from Modi's majority rule to coalition governance poses challenges and uncertainties for India's political landscape.
InsuranceDekho in talks to acquire credit marketplace BankSathi: sources
Insurance marketplace InsuranceDekho, backed by investors like TVS Capital and Goldman Sachs Asset Management, will acquire a majority stake in BankSathi, which is a distributor of credit cards and personal loans, two people in the know said.
Major ports cargo traffic rises over 3% to 72.04 million trillion in May
Cargo traffic at major Indian ports rose by 3.75% in May to 72.04 MT, with notable growth at Visakhapatnam, Chennai, and Cochin ports, as per Indian Ports Association data.
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