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vietnam sentences ex-oil chief and officials in major graft case

A Vietnamese court sentenced former Xuyen Viet Oil chief Mai Thi Hong Hanh to 30 years in prison for orchestrating a scheme that resulted in state asset losses of at least 1.46 trillion dong ($57.6 million) and bribing officials to conceal it. Le Duc Tho, the former Communist Party chief of Ben Tre province, received a 28-year sentence for accepting bribes and abusing his power, while former deputy trade minister Do Thang Hai was sentenced to three years for receiving bribes.
Bloomberg.com
Vietnamese Đồng Xuyen Viet Oil VNM Mai Thi Hong Hanh Le Duc Tho Do Thang Hai Show more
Regulatory & Legal, News Article
05:55 29.11.2024

lamosaic india shares debut at 18 percent discount on nse sme platform

Lamosaic India shares debuted on the NSE SME platform at Rs 164, marking an 18% drop from the IPO price of Rs 200. The company aimed to raise Rs 61.2 crore through its initial public offering, which closed on November 26. The stock experienced a decline of 13.90% during trading, with a volume of 1,402,800 shares.
Moneycontrol
Lamosaic India Ltd. IND
Finance & Economy, Market Report
05:54 29.11.2024

easy trip shares rise 14 percent after bonus issue announcement

Shares of Easy Trip Planners surged nearly 14% on November 29 after the stock turned ex-bonus, with a revised record date for bonus shares set for the same day. Despite this uptick, the company reported a 45.2% year-on-year decline in net profit for the September quarter, totaling Rs 25.8 crore. The board had approved a 1:1 bonus share issue, aimed at enhancing liquidity and attracting investor interest.
Moneycontrol
Indian Rupee Easy Trip Planners Limited IND
Finance & Economy, Market Report
05:54 29.11.2024

us justice department proposes breaking up google by selling chrome

The US Department of Justice has proposed breaking up Google, citing its monopoly on online search as a violation of antitrust laws. A key recommendation is for Google to sell its Chrome web browser, which is believed to be integral to the company's dominance in the market.
Moneycontrol
Google Inc. USA
Regulatory & Legal, News Article
05:53 29.11.2024

Paytm and CAMS shares reach 52-week highs after F&O segment inclusion

Shares of Paytm and CAMS surged 3 percent, reaching 52-week highs of Rs 952 and Rs 5,098.80, respectively. CAMS has seen an 89 percent increase year-to-date, while Paytm has gained 47 percent. Their inclusion in the F&O segment is expected to enhance liquidity and open new trading opportunities, also qualifying them for potential entry into the Nifty 50 index.
Moneycontrol
CAMS Paytm IND
Finance & Economy, Market Report
05:49 29.11.2024

Jharkhand government to pursue legal action for coal dues from Centre

Hemant Soren was sworn in as the Chief Minister of Jharkhand and announced plans to initiate legal action to recover Rs 1.36 lakh crore in coal dues owed by the Centre. This decision follows his recent appeals to the Prime Minister and Home Minister for the release of these crucial funds for the state.
Moneycontrol
Apple Inc. IND Hemant Soren Narendra Modi
Finance & Economy, Press Release
05:46 29.11.2024

Adani Group stocks surge as futures and options trading begins

Shares of Adani Green Energy, Adani Energy Solutions, and Adani Total Gas surged by 6-14% on November 29, following their inclusion in the National Stock Exchange’s futures and options (F&O) segment. Adani Green led the gains with a 14% increase, while Adani Energy Solutions rose by 12% and Adani Total Gas by nearly 6%. The F&O inclusion significantly boosted trading volumes, with over half of their one-month daily averages traded within the first hour.
Moneycontrol
Adani Green Energy Limited Adani Energy Solutions Limited Adani Total Gas Limited IND Ashish Chauhan Show more
Finance & Economy, Market Report
05:45 29.11.2024

finance ministry proposes 100 percent fdi limit in insurance sector

The Finance Ministry has proposed raising the FDI limit in insurance firms to 100% and reducing the minimum net-owned funds for foreign re-insurers from Rs 5,000 crore to Rs 1,000 crore. Additionally, the IRDAI may set lower capital requirements for companies in under-served areas, aiming to enhance policyholder security, promote market entry, and boost economic growth and employment.
Moneycontrol
Indian Rupee IRDAI IND
Finance & Economy, Press Release
05:43 29.11.2024

Dow Jones Hits Record High Amid Caution in Tech Stocks

The Dow Jones reached a record high above 45,000, while the Nasdaq 100 declined amid caution over tech stocks following Nvidia's mixed earnings. In the US, PCE inflation rose to 2.3% YoY in October, and consumer confidence improved, but durable goods orders fell short of expectations. Key economic indicators are set for release next week, including Australia's GDP and US non-farm payrolls.
IG
Chinese Yuan Japanese Yen New Zealand Dollar Australian Dollar United States Dollar NVIDIA Corporation Reserve Bank OF NEW Zealand BANK Reserve Bank of Australia AUS CHN NZL Show more
TradFi, Market Report
05:41 29.11.2024

andhra pradesh reports significant increase in rabi crop acreage this season

Farmers in Andhra Pradesh have sown rabi crops over 545,000 hectares, marking a 38.3% increase from last year. Notable increases include chana at 211,000 hectares and total pulses at 345,000 hectares. The state aims for a sowing target of 2.3 million hectares this season, with water levels in reservoirs at 80.1% of capacity, significantly higher than 37.2% last year.
Moneycontrol
Indian Rupee Geojit Financial Services Limi IND Show more
Finance & Economy, Market Report
05:38 29.11.2024
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