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SCI shares gain 7% on robust Q2 net profit

Revenue rose to ₹ 1,491.23 crore, compared to ₹ 1,161.89 crore in the previous year




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Biocon shares gain 9 per cent after USFDA inspection of Bengaluru unit

The scope of the inspection covered six distinct biological units, including four drug substance manufacturing facilities and two drug product manufacturing plants




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ITI emerges lowest bidder for three BharatNet packages; shares up 11 %

ITI was the lowest bidder for the ₹1,537-crore Project 15 spread across Arunachal Pradesh, Nagaland and Manipur




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Shriram AMC launches multi sector rotation fund

The multi-sector rotation fund will rotate investment across trending sectors




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Start-ups line up for IPOs amid bullish market, investor demand

VC-backed companies are now looking at the euphoria in the market to list and return capital to their investors




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RBI allows FPIs to reclassify investments above the prescribed limit in a company as FDI

Move aimed at enhancing the ease of doing business, streamlining compliance and attracting foreign investments




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Stock Market highlights: Sensex slides 820 points to 78,675, Nifty settles 257 points lower at 23,883

Sensex, Nifty, Share Prices: The benchmark indices Sensex and Nifty, which traded on a weak note on Tuesday, settled 1 per cent lower for the day. Sensex closed at 78,675.18, lower by 820.97 points or 1.03 per cent, and Nifty 50 ended at 23,883.45, down by 257.85 points or 1.07 per cent. Barring the Nifty IT and Realty indices, all the sectoral indices are in red and led by bank stocks. As the Q2 earnings season concludes, analysts anticipate fund flows influencing market direction amid ongoing volatility. Gaurav Garg of Lemonn Markets Desk suggests that traders adopt hedged strategies focusing on selective stocks. Large-cap stocks are expected to perform relatively better as valuation pressures mount on the broader market. DSP Mutual Fund highlighted that mid-cap and small-cap indices have reached peak valuations, while large-cap stocks show signs of outperformance. Continued foreign portfolio outflows add to market volatility, but Pantomath Group’s ‘Market Kaleidoscope’ report points to India’s infrastructure push and rising private investment as economic stabilisers. Globally, Asian markets opened mixed, with gains in China and Japan offset by weaker Taiwanese and Korean indices.




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Domestic markets likely to open flat amid mixed global cues; analysts eye fund flows post earnings season

A report from DSP Mutual Fund indicates a shift favouring large-cap stocks over small and mid-caps, as the latter reach high valuation levels




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Crude oil futures trade lower as China stimulus measure fails to boost market 

At 9.57 am on Tuesday, January Brent oil futures were at $71.77, down by 0.08 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $67.97, down by 0.10 per cent




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Hindalco, Ramco Cements, Sagility India Share Price Highlights November 12, 2024: Ramco Cements stock closes 5% higher, Sagility stock declines 6% on day one of listing

Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Highlights; Sagility IPO Listing November 12, 2024




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Sagility India shares debut 3.53% higher

The stock made its debut at ₹31.06, up 3.53 per cent from the issue price on both the BSE and NSE, later, it jumped 7.2 per cent to ₹32.16 on the BSE




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Rosmerta Digital Services IPO to open on Nov 18; eyes ₹206 cr




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Ramco Cements stock gains 5% as Q2 results beat street estimates

Analysts offered mixed reviews; Jefferies issued an underperform rating with a target price reduction from ₹690 to ₹680, while Motilal Oswal maintained a neutral stance with a target of ₹880.




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Servotech Power Systems secures 2 MW on-grid solar project from UP govt




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Rupee drops lower, down 1 paisa at fresh all-time low of 84.39 against US dollar

Rupee pressured by continued foreign fund outflows and a firm dollar overseas




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Weak global cues, strong dollar drag markets lower

Sensex sheds 820 points, Nifty down 257 points




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Lack of govt control on retail outlets blamed for soaring onion prices

Rains in Maharashtra delay kharif arrivals; prices likely to drop in a fortnight




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Stock Market Live Updates 13 November 2024: Gift Nifty signals gap-down opening as market faces earnings and inflation pressures

Sensex, Nifty, Share Prices LIVE: Gift Nifty indicates a likely 100-point gap-down opening for Nifty at 23,870 on Wednesday as global markets remain weak. Analysts cite concerns over an earnings slowdown and persistently high inflation; Jefferies India downgraded full-year earnings for 63% of the 121 large companies it covers due to economic slowing. India’s retail inflation surged to a 14-month high of 6.21% in October, with steep rises in food and metal prices potentially influencing the RBI’s December policy stance. A continued hold on rates seems likely, but analysts at AngelOne note a shallower rate-cut cycle ahead for India, mirroring the US trend. Options data signals resistance around 24,500 due to heavy call writing and support near 23,500, with a bearish put-call ratio drop to 0.52. India VIX rose to 14.60 (+2.40%), suggesting caution; however, lower volatility generally supports bullish sentiment, according to SAMCO’s Dhupesh Dhameja.




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Nifty faces bearish pressure amid economic slowdown and rising inflation

Analysts indicate significant pressure on mid-cap and small-cap sectors as a substantial portion of companies fail to meet expectations




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ACME Solar debuts today after IPO oversubscribed 2.75 times

The shares have been priced at ₹289, the upper limit of its price range




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Kolkata doctor rape and murder: Junior doctors’ hunger strike enters 10th day; another protesting medic hospitalised

“A medical staff is in the CCU and his parameters have deteriorated. We have formed a medical board to treat him,” a senior doctor of the NRS Medical College and Hospital told




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After inconclusive talks, Bengal Chief Secretary urges doctors to call off fast-unto-death

With junior doctors insisting to continue with their hunger strike till all their demands are met the stalemate is likely to continue. So far five doctors who began hunger strike on October 5 for a ten-point demand have been hospitalised after their health condition deteriorated




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West Bengal government’s Durga Puja carnival faces protest heat

The carnival is set to be held very close to the junior doctors’ fast unto death protest site




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Kolkata witnesses citizens protest carnival alongside Durga puja carnival

The Calcutta High Court had set aside the prohibitory orders imposed by Kolkata Police and pointed out that there was sufficient distance between the two venues where - Droher Carnival at Rani Rashmoni Avenue and Durga Puja immersion carnival at Red Road - were being organised




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Kolkatan who returns to Durga Puja after 20 years: ‘Crowds still there but no bonding, people are alone clicking selfies’

According to Arpita Mandal, the City of Joy, now that she’s two decades older, is today less suitable for pandal-hopping, due to the massive crowds, and more suitable for cafe-hopping, with plenty of eateries mushrooming even in residential neighbourhoods




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Watch: Kolkata rape-murder case: SC questions civic police volunteer scheme, calls it political patronage

What transpired during the proceedings? What were the directions issued by the top court?




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Body of girl found in Krishnanagar town of West Bengal

Family alleges she was raped and murdered; police arrest victim’s partner




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Durga Puja in Kolkata not at odds with doctor protests | Analysis

The agitation by doctors and a section of citizens over the rape and murder of a doctor was not against the Durga Puja but remains primarily directed at the State government




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West Bengal’s Sundarbans Affairs Minister faces heat from locals over river embankment breach issues

The riverine Sunderbans region of South-coastal Bengal houses a wide network of earthen embankments, which regularly suffer breaches and decay especially during heavy rainfall, storms, and cyclones




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Protesting junior doctors collect signatures from the public in Kolkata

Aniket Mahato, one of prominent faces of the doctors’ movement who fell ill during the hunger strike, has sought Chief Minister Mamata Banerjee’s intervention to resolve the crisis




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Prime accused behind woman’s death in West Bengal’s Krishnanagar taken into seven-day police custody, SIT formed

The accused youth was arrested today based on a complaint filed by the victim’s family; he was allegedly in a relationship with the deceased victim




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Kolkata tram, suspended during Durga Puja, yet to resume; tram lovers feel it may never come back

Kolkata tram faces uncertain future as court delays decision on resuming services, sparking fears of permanent closure




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Mamata holds meeting with top officials on healthcare infra upgradation amid doctor’s fast-unto-death protest

After the meeting with CM Mamata Banerjee, the Chief Secretary Manoj Pant called for a meeting of principals and MSVPs of all the State-run hospitals




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Fire at Kolkata Hospital, 80 patients shifted to other health facilities

Family members of a cancer patient who passed away later in the day, alleged that the death was due to inhaling of smoke due to the fire.




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West Bengal-based buyers show shift towards solar, AI-powered technologies, says Amazon India

An analysis of buyer trends of this year’s Amazon Great Indian Festival sale so far has revealed an affinity of Bengal-based buyers towards renewable and artificial intelligence appliances like solar panels, single-equipment home gyms, robotic vacuum cleaners




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Bypolls are a litmus test for Trinamool Congress facing protests over R.G. Kar rape and murder

A section of Trinamool Congress leaders have challenged the doctors for an electoral battle. The Assembly seats going to polls are mostly in rural and semi urban areas, where the protests might not create an impact in favour of the Opposition.




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Doctors continue fast in West Bengal, question Mamata

With protesting junior doctors falling sick out of starvation, more and more doctors are joining the fasting protest at Kolkata’s Esplanade, braving heat, humidity, and deteriorating health




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Mamata Banerjee reaches out to striking junior doctors, meeting scheduled on October 21

West Bengal Chief Minister refuses to accept demand made by protesting doctors seeking removal of State’s Health Secretary




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R.G. Kar victim’s parents accuse Trinamool Congress leader of hurrying cremation 

R.G. Kar victim’s parents said that they had gone to Tala Police Station to tell the police that they did not want their daughter’s body to be cremated that night




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West Bengal LoP Suvendu Adhikari meets Krishnagar rape and murder victim’s family

BJP leader calls for Central agency probe to ensure transparency and justice; offers legal support for victim’s family




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Health-insurance premium: Sustained efforts by West Bengal forced Centre's likely decision to exempt GST: Mamata Banerjee

The Chief Minister of West Bengal said the Central Government appears to be "under pressure" to cut taxes to benefit common people




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Uncertainty looms over Kolkata’s horse-drawn carriages

The fate of the British-era mode of transport is hanging in the balance with animal rights activists pushing for a ban, alleging mistreatment of horses, and historians seeking preservation of the tradition. The High Court has urged the West Bengal government to provide alternative livelihoods as owners, drivers struggle to survive amid poor demand




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R.G. Kar case: Protesting junior doctors call off hunger strike after meeting Mamata

The two week long hunger strike came to an end after repeated requests from the government. Both parties have agreed to form a task force by March 2025




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Mamata urges PM to address hike in prices of essential medicines

‘It disrupts the accessibility of indispensable treatments, potentially hindering public health outcomes and increasing the burden on the healthcare systems,’ the West Bengal CM said in a letter to the PM




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Relief for Kolkata’s anxious tram employees, enthusiasts as service resumes after long delay

Kolkata tram service, having just three routes with only two functional, resumes after Durga Puja suspension due to traffic congestion concerns




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No Left-Congress alliance for Assembly byelections in West Bengal

This comes after the Congress appointed Subhankar Sarkar as the president of the West Bengal Pradesh Congress Committee in September, replacing Adhir Ranjan Chowdhury




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U.K. to invest ₹205 crore to help fight plastic pollution in West Bengal

This investment will enable the expansion and development of an integrated single-line bottle-to-bottle food-grade recycling plant by Magpet at Vidyasagar Industrial Park, Kharagpur




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Cyclone Dana makes landfall highlights: Over 6 lakh evacuated in West Bengal and Odisha

Gusty winds and heavy rain lashes several parts of Odisha; East Coast Railway suspended and diverted train services




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Cloud overcast in West Bengal, turbulent sea as cyclone Dana nears landfall

Government is bracing for impact and has removed many people from the high-risk coastal areas of the State




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Severe cyclone Dana makes landfall along Odisha coast

Process likely to continue till early morning on Friday; with widespread rain and wind, Odisha government shifts 5.84 lakh people to cyclone shelters, storm may recurve once its enters land; in West Bengal, flights and trains have been suspended and schools closed, and 24x7 helplines set up