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Bloomberg Quint
17h
309
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ICC Champions Trophy 2025 Schedule Out; India Vs Pakistan Scheduled On Feb. 23 In Dubai
- The International Cricket Council (ICC) has announced the schedule for the ICC Champions Trophy 2025.
- The tournament will begin on February 19, 2025, in Karachi, Pakistan, with the final match scheduled for March 9.
- India's first game is set to take place on February 20 against Bangladesh in Dubai.
- The much-awaited India vs Pakistan match is scheduled for February 23 in Dubai.
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Bloomberg Quint
17h
121
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Delhi High Court Decries Non-Advocates Appearing In Consumer Cases
- The Delhi High Court has expressed concern over non-advocates and agents appearing for litigants before consumer courts based on authorization letters.
- The court stated that this practice dilutes the legal and ethical responsibilities of advocates and undermines the concept of 'vakalatnama'.
- The court directed all consumer courts in Delhi to ensure parties are represented by advocates or authorized agents/representatives/non-advocates according to regulations.
- The court also directed the state consumer commission and district consumer fora to provide details of pending cases where non-advocates are representing parties.
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Bloomberg Quint
17h
268
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Bangladesh Launches $5 Billion Corruption Probe Against Sheikh Hasina
- An investigation has been launched against former prime minister Sheikh Hasina and her family in Bangladesh in connection with allegations of embezzling $5 billion in the Rooppur nuclear power plant.
- Indian companies are involved in constructing the Rooppur nuclear power plant which is being built by Rosatom, Russia's state-run corporation.
- Rosatom has denied the media's provocative statements about the Rooppur NPP project.
- Sheikh Hasina, her son Sajeeb Wazed Joy, and her niece Tulip Siddiq have been questioned in relation to the corruption allegations.
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Bloomberg Quint
17h
364
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Manu Bhaker Overlooked For Khel Ratna, Coach Jaspal Rana Blames Sports Authorities
- Manu Bhaker's coach Jaspal Rana blames Sports Ministry, Sports Authority of India, and NRAI for overlooking her for the Khel Ratna award.
- Rana criticizes the 'new requirement' of sportspersons having to apply directly for the awards.
- He argues that Manu Bhaker's credentials should have automatically qualified her for the award.
- Rana questions the need for athletes to apply and suggests a better system involving federations and sports authorities.
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Bloomberg Quint
17h
276
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Sundaram Home Finance Forays Into Andhra Pradesh Market; Eyes Rs 75 Crore Disbursement
- Sundaram Home Finance, a subsidiary of Sundaram Finance Ltd., has entered the Andhra Pradesh market and has inaugurated five branches in Guntur, Tirupati, Nellore, Eluru, and Vijayawada.
- Under the emerging business segment, the company aims to achieve disbursements of around Rs 75 crore.
- Sundaram Home Finance offers small business loans of up to Rs 20 lakh and affordable housing finance, providing home loans of up to Rs 35 lakh.
- The company plans to open 12 branches in Andhra Pradesh over the next 12 months and aims to more than double its branch network in the state.
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Bloomberg Quint
17h
0
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Snowfall In Himachal Pradesh Leads To Closure Of 177 Roads
- At least 177 roads, including three national highways, were closed in Himachal Pradesh due to snowfall.
- About 174 roads and three national highways remained closed, and tourists stranded near the Atal Tunnel were rescued.
- Snowfall was recorded in several districts, including Kinnaur, Lahaul and Spiti, and higher reaches of Shimla, Kullu, Mandi, Chamba and Sirmaur.
- The snowfall resulted in increased hotel occupancy in Shimla and is expected to boost tourism.
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Bloomberg Quint
17h
239
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Indian Households' Exposure To Equity Rises To 31%; Emkay Expects Trend To Continue
- Indian households are increasingly turning to equities for their long-term savings, with the share of equities in household financial savings nearly doubling from around 17% in fiscal 2016 to approximately 31% by September quarter of fiscal 2025.
- The upward trend is expected to continue for the next 8-10 years, driven by factors like lower fixed-income yields, the absence of social security schemes, and the rise of digital investment platforms.
- Participation in direct equities and mutual funds has increased, largely at the expense of bank deposits and insurance.
- The strong performance of Indian markets and the continued flow of domestic investments into equities, with mutual funds leading the charge, is contributing to the rise in household exposure to equities.
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Tech Story
17h
187
Sparkl Edventure Raises $4 Mn Seed Fund from Nikhil Kamath’s Rainmatter, Deepinder Goyal
- Sparkl Edventure, an Indian edtech company, has raised $4 million in a seed fundraising round.
- The funding was led by Deepinder Goyal, the creator of Zomato, and Nithin Kamath's Rainmatter Foundation.
- Sparkl Edventure offers personalized one-on-one online tutoring for students in grades 6 through 12, focusing on the IB and Cambridge curriculum.
- The company aims to address the underserved market of high-quality tutoring services for these educational frameworks in India.
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Bloomberg Quint
18h
154
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Roti, Kapda, Makaan and Crypto: Chasing Dreams Or Digital Delusions?
- The Indian dream of roti, kapda, makaan has always been a simple yet powerful trifecta.
- But now, it seems a fourth contender has entered the race — crypto.
- Yes, the shiny, mysterious world of digital tokens has elbowed its way into our cultural lexicon.
- Is crypto the fourth pillar of the Indian dream, or just a shiny bubble waiting to burst?
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Bloomberg Quint
18h
213
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Mazagon Dock Sets Record Date For Stock Split — Check Details Here
- Mazagon Dock Shipbuilders Ltd. has fixed Friday, Dec. 27, as the record date for determining the eligibility of shareholders for its proposed stock split. Under the plan, each existing equity share with a face value of Rs 10 will be subdivided into two equity shares with a face value of Rs 5 each, fully paid up.
- Thursday, Dec. 26, will serve as the ex-date for shareholders to be eligible for the stock split, aligning with the T+1 settlement cycle.
- The company had also issued an interim dividend of Rs 15.34 per share on Nov. 20, 2023, and a final dividend of Rs 6.86 per share with an ex-date of Sept. 20, 2023.
- Shares of the company have risen 102.35% in the last 12 months and 102.97% on a year-to-date basis.
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Bloomberg Quint
18h
162
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10 Most-Valued Firms Lose Nearly Rs 5,000 Crore In Market Cap, Led By SBI, Infosys
- The top 10 most-valued firms lost a cumulative Rs 4,986 crore in market valuation on Tuesday.
- SBI witnessed the steepest decline among the top 10 most-valued firms, with a loss of Rs 8,121 crore in market cap.
- Infosys saw a reduction of Rs 6,332 crore in its market cap.
- Reliance Industries Ltd. and ICICI Bank Ltd. gained Rs 608 crore and Rs 1,514 crore in market capitalization, respectively.
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Bloomberg Quint
19h
111
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Nifty Top Gainers And Losers On Dec 24: From Tata Motors, Adani Enterprises To JSW Steel
- The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.
- Tata Motors, Adani Enterprises, and Bharat Petroleum Corp. were the top gainers for the day.
- Power Grid Corp., JSW Steel Ltd., SBI Life Insurance Co., and Titan Co. were among the worst performers.
- Tata Motors closed 1.92% higher, Adani Enterprises' stock rallied and BPCL closed 1% higher on Tuesday.
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Bloomberg Quint
19h
92
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Aarti Drugs Shares Close 12% Higher After USFDA Issues 'VAI' Tag For Tarapur Facility
- Shares of Aarti Drugs closed 12% higher after receiving 'voluntary action indicated' tag from USFDA for its Tarapur facility
- Clearance allows Aarti Drugs to export products such as Ciprofloxacin HCl API, Zolpidem Tartrate API, Raloxifene HCl API, Celecoxib API, and Niacin API to the US market
- VAI classification indicates that objectionable conditions were found, but not severe enough to attract regulatory action
- Shares of Aarti Drugs rose as much as 17.48% to Rs 497.6 apiece, closing 12.4% higher at Rs 475.90 apiece
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Bloomberg Quint
19h
347
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Stock Market Highlights: Nifty, Sensex End Lower On Christmas Eve As Infosys, SBI Drag
- The benchmark stock indices resumed its declining trajectory on Tuesday after a one-day rise as share prices of Infosys Ltd. and State Bank of India dragged.
- The NSE Nifty 50 ended 25.80 points or 0.11% down at 23,727.65 and the BSE Sensex settled 67.30 points or 0.1% lower at 78,472.87.
- On the NSE, nine sectors declined and three advanced out of 12, with the Nifty Metal declining the most and Auto rising the most.
- The broader markets outperformed the benchmark indices as the BSE MidCap and SmallCap settled 0.09% and 0.37% higher respectively.
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Cryptoslate
19h
299
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MicroStrategy’s $42 billion Bitcoin plan includes increasing shares from 330 million to 10 billion
- MicroStrategy plans to increase authorized shares from 330 million to 10.33 billion as part of its $42 billion 21/21 Plan.
- The plan aims to raise $21 billion in equity and $21 billion through fixed-income instruments, potentially advancing MicroStrategy's role as a Bitcoin Treasury Company.
- The proposed amendments also seek to expand preferred stock from 5 million to 1.005 billion, strengthening MicroStrategy's capacity for future initiatives.
- Shareholders will vote on the proposed measures, which could alter ownership structures and dilute existing stakes.
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