LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health

State-owned LIC's shares rose 2.4% on news of a potential 50% stake acquisition in ManipalCigna Health Insurance. This move would mark LIC's entry into the health insurance sector, diversifying its portfolio. The deal, potentially valuing ManipalCigna around Rs 4,000 crore, aligns with LIC's stated goal of acquiring a health insurance provider this fiscal year.

from Economic Times https://ift.tt/kcngZMw

Reliance Power shares jump over 3% after relief from High Court on SECI notice

Reliance Power shares surged after a court ruling. The Delhi High Court halted a ban imposed by Solar Energy Corporation of India. SECI had accused Reliance Power of submitting fake documents. The ban prevented Reliance Power from bidding on future projects. The court's decision offered relief to the company. The share price reacted positively to the news.

from Economic Times https://ift.tt/9etfzRu

Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal

Morgan Stanley bought 6.7 lakh shares in Niyogin Fintech at Rs 55.65 per share via a block deal. Think India Opportunities Master Fund LP was the seller. The stock surged 15% on the news. Niyogin Fintech has a market cap of Rs 591.87 crore.

from Economic Times https://ift.tt/WukX8RT

LTIMindtree shares jumped 1% as LIC increases stake to 7%

Life Insurance Corporation of India (LIC) has increased its stake in LTIMindtree from 5.033% to 7.034% through open market purchases. This news coincided with LTIMindtree's announcement of an 8% YoY growth in Q2 net profit, reaching Rs 1,251 crore, and a 6% rise in revenue to Rs 9,433 crore.

from Economic Times https://ift.tt/FBoz6RG

Asian stocks rise, following gain in US equities

Benchmark indexes advanced in Japan, South Korea and Australia, while futures climbed in Hong Kong. The Nasdaq 100 outperformed Monday after its longest rout since January, with Tesla Inc. rising 5.6% on a news report Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities. Nvidia Corp., which reports results this week, fell.

from Economic Times https://ift.tt/JGIbAcK

5,500% returns in 1 year! This multibagger stock announces stock split, bonus shares

Bharat Global Developers announced an 8:10 bonus share issue and a 1:10 stock split. The stock surged 5% on the news. The record date for the bonus and split is yet to be announced. The estimated completion time is 2 months.

from Economic Times https://ift.tt/deCwEtD

Iran’s Supreme Leader Ali Khamenei reportedly in coma, son chosen as successor in secret meeting

Israeli media outlet Ynet News, citing Iran International, reports that Iran's Supreme Leader Ayatollah Ali Khamenei is in a coma. The Assembly of Experts allegedly chose his son, Mojtaba Khamenei, as his successor during a secret meeting on September 26. The decision is being kept secret to avoid potential public backlash. Iranian authorities have not confirmed these reports.

from Economic Times https://ift.tt/ONEjxl1

End of a love affair: news media quit X over 'disinformation'

Major news outlets are leaving social media platform X. They say the platform is enabling the spread of disinformation. X's owner is Elon Musk. Musk is an ally of US President-elect Donald Trump. The Guardian, Dagens Nyheter and Vanguardia have already quit X. They say they will not publish on the platform. They say X promotes disturbing content.

from Economic Times https://ift.tt/EsjhmcC

Adani Energy shares fall 9% on getting bad news from MSCI

MSCI did not include Adani Energy Solutions in its Global Standard Index. This followed a show cause notice issued by SEBI to Adani Energy Solutions. MSCI also reduced the float in Adani Green Energy and Adani Power. Five other Indian companies were included in the index. MSCI increased the weightage of HDFC Bank.

from Economic Times https://ift.tt/lzq8QTK

MAGA comeback for 47th President of US may be bad news for global trade, climate

Donald Trump's proposed economic policies, including tariffs on imports and corporate tax cuts, are expected to impact global markets. His stance on foreign policy, particularly regarding Iran and Ukraine, is raising concerns among analysts. Trump's potential rollback of environmental regulations and immigration crackdown are also generating debate.

from Economic Times https://ift.tt/dgpRezF

Bitcoin at record high above $75,000 is good news for Nifty bulls also. Here's why

As Donald Trump inches closer to victory in the US presidential election, Bitcoin prices surged past $75,000, signaling a risk-on sentiment in the market. This surge coincided with a correction in the Indian stock market, with the MSCI India ETF dropping over 8%.

from Economic Times https://ift.tt/WmhDl03

MH370 flight search likely to restart in new area after latest 'credible' information

MH370 News: Malaysia is gearing up to restart the search for the missing Malaysia Airlines Flight MH370, which disappeared in 2014. The country is in talks with Ocean Infinity, a US-based marine exploration company, to conduct the search. The search will focus on a new area in the southern Indian Ocean. Malaysia will only pay if the wreckage is found.

from Economic Times https://ift.tt/GhsJHLD