Author: Tanya Mishra

The gaming community has been abuzz after Elon Musk’s remarks regarding Dungeons & Dragons (D&D) and its current owners, Wizards of the Coast (WoTC). Musk, known for his outspoken views, criticized the handling of the legacy of D&D co-creator Gary Gygax and hinted at potentially acquiring Hasbro, WoTC’s parent company. Musk Takes Aim at Corporate Game Studios In a series of posts on X (formerly Twitter) on November 27, Musk voiced frustration over corporate ownership in the gaming sector. Responding to a critique of “manipulative” trends in gaming, Musk stated, “Too many game studios are owned by massive corporations.” He…

KEC International’s shares soared to a record high of Rs 1,098.95 during Monday’s intraday trade on the BSE, gaining 4.17%. The surge came after the company announced securing orders worth Rs 1,040 crore on Friday. As of 10:50 AM on Monday, KEC International’s shares were trading 1.57% higher at Rs 1,072.10 on the BSE, while the benchmark Sensex was marginally down 0.07% at 79,743.61. The RPG Group-owned infrastructure EPC major reported that the new orders in its transmission and distribution (T&D) business were for projects in international markets. These include supplying towers, hardware, and poles in the Americas, along with…

Noida-headquartered Info Edge, the parent company of Naukri.com, has filed an FIR against Rahul Yadav, founder of one of its portfolio companies 4B Networks, along with several others for financial irregularities and fund misuse. We would like to inform you that pursuant to a complaint filed by AIPL, a first information report (“FIR”) has been registered by the Bandra Police Station (Mumbai Police) on November 29, 2024, against Mr. Rahul Yadav, Mr. Devesh Singh, Mr. Pratik Choudhary, Mr. Sanjay Saini (and unnamed others) in connection with 4B Networks (an indirect subsidiary of the Company), alleging inter alia commitment of certain…

The National Stock Exchange (NSE) expanded its futures and options (F&O) segment on November 29, 2024, by including 45 new stocks. This addition increases the total number of stocks in the derivatives segment to 223. Notable entries include Zomato, Paytm, LIC, Jio Financial Services, Avenue Supermarts, and Adani Green Energy. According to analysts, inclusion in the F&O segment often leads to enhanced liquidity, better price discovery, and increased trading volumes. NSE MD and CEO Ashish Chauhan emphasized that these additions reflect the stocks’ improved liquidity and size metrics, aligning with SEBI’s revised inclusion criteria. Criteria for Inclusion: The stocks were…

The Enforcement Directorate (ED) conducted raids on Friday morning at properties linked to Raj Kundra, husband of actress Shilpa Shetty, as part of a money laundering investigation tied to a pornography production and distribution network, according to PTI reports. Case Background The investigation dates back to February 2021, when the Mumbai Police uncovered a pornography racket operating through mobile applications. Initial findings led to five arrests, with more suspects apprehended over time. The controversy escalated in June 2021, when Kundra was arrested for allegedly producing pornographic films and distributing them via apps, including HotShots, owned by his company. The app…

Life Insurance Corporation of India (LIC) shares climbed 5.1% in Friday’s session on the Bombay Stock Exchange (BSE) to touch an intraday high of Rs 987.5. By 13:42 PM, the stock traded at ₹986.75, up 5.08%, outperforming the BSE Sensex, which rose 0.97% to 79,806.89. The market capitalization of LIC stood at Rs 6.16 lakh crore. The rally followed LIC’s announcement of an appeal to the GST Appellate Authority, Jammu & Kashmir, challenging a demand of Rs 66.69 lakh for FY 2019-20. The order, issued by the Assistant Commissioner, CGST-Division-Srinagar, also included a penalty of Rs 6.67 lakh. In its…

HDFC Bank, India’s largest private lender, briefly crossed a market capitalisation of Rs 14 lakh crore for the first time on Thursday, November 28, as its stock hit a fresh all-time high of Rs 1,836.05. The bank now ranks as the third most valuable company in India, only behind oil-to-telecom conglomerate Reliance Industries (Rs 17.25 lakh crore) and IT services company Tata Consultancy Services (Rs 15.22 lakh crore). The stock, however, pared early gains amid profit-taking. As of noon, the stock’s market capitalisation slipped well back below the Rs 14 lakh crore mark. By 12:12 pm, HDFC Bank shares were…

Union Home Minister Amit Shah is set to meet Maharashtra’s caretaker Chief Minister Eknath Shinde, BJP leader Devendra Fadnavis, and NCP leader Ajit Pawar in New Delhi on Thursday to finalize the next chief minister and outline the government formation. Eknath Shinde, who led the Shiv Sena faction, stated that he fully supports the BJP’s leadership in deciding the CM. “I called PM Modi and Amit Shah yesterday and assured them that I will abide by whatever decision they make,” Shinde said. He emphasized that his party would not act as a “speed breaker” in the process and dismissed rumors…

Priyanka Gandhi Vadra took her oath as a member of Parliament on Thursday, November 28, in what is seen as the beginning of her political journey. Her swearing-in comes after her victory in the Wayanad Lok Sabha seat during the 2024 polls, which were held alongside the Maharashtra and Jharkhand Assembly elections. With this win, Priyanka Gandhi’s debut in electoral politics is now complete, and for the first time in decades, all three members of the Nehru-Gandhi family, Sonia Gandhi, Rahul Gandhi, and Priyanka Gandhi, are present in Parliament. Priyanka, who was accompanied by her mother Sonia Gandhi, was joined…

Shares of Sagility India rose 10% for the second consecutive session on Wednesday, November 27 to reach a new all-time high of Rs 34.69 per share. The surge followed the company’s strong financial performance for the quarter ended September 2024. The company, which reported its financials on Monday, 236% year-on-year (YoY) increase in its profit after tax (PAT) for Q2FY25, which reached Rs 117.34 crore, up from Rs 34.96 crore in the same quarter last year. Revenue for the quarter also saw a solid 21% YoY growth to reach Rs 1,325 crore, up from Rs 1,094.10 crore in Q2FY24. On…