Telegram Faces a Reckoning in Europe. Other Founders Should Beware
Politicians have long complained of Telegram CEO Pavel Durov’s attitude. What’s changed is their response. Key Points
WIREDWho is Pavel Durov, CEO of Telegram, and what is his Russia connection
Pavel Durov, the billionaire CEO of Telegram, was arrested in Paris for issues related to app moderation. Durov, who holds multiple citizenships, has faced scrutiny from various countries over Telegram's operations. Key Points
India TodayTelegram announces major updates to channels for 2024. Check full list
Here are the top updates announced by Telegram on its blog at the end of last year, i.e 2023. Key Points
Hindustan TimesTelegram rolls out new update for users, redesigns voice and video calls
Telegram has redesigned its audio and video calls experience as part of a new update. Read on to know more about it. Key Points
India TodayWhy line for 'Succession' ended at Telegram
Many Indian viewers watched the final season of hit series via app, spotlighting sharing of illegal content. At 70.48 million downloads in 2022, India is Telegram's largest market, according to data reporting and analytics solutions provider Demand Sage. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/Y2MIPGOKEZJ7FJBUKZ5O7SEKRE.jpg)
India tells X, Youtube, Telegram to remove any child sexual abuse material from platforms
India has sent notices to social media platforms X, formerly known as Twitter, Youtube (GOOGL.O) and Telegram asking them to ensure there is no child sexual abuse material on their platforms, the government said on Friday. Key Points
ReutersThe Disinformation Warning Coming From the Edge of Europe
Moldova is facing a tide of disinformation unprecedented in complexity and aggression, the head of a new center meant to combat it tells WIRED. And platforms like Facebook, TikTok, Telegram and YouTube could do more. Key Points
WIREDMumbai man loses Rs 1 lakh after falling for online investment scam on Telegram, how to stay safe
A Mumbai-based man was duped of Rs 1 lakh when he tried to look for investment schemes on Telegram. Here is how you can stay safe from such scams. Key Points
India TodayExclusive | Didn't breach CoWIN, exploited linked platform’s holes, says hacker behind data leak row
India Today’s Open Source Investigations team connected with the hacker behind the CoWIN data leak row. When asked about the data leak, the person said CoWIN platform wasn't breached and that the results generated by the Telegram chatbot were actually accessed using an open vulnerability of another associated platform. Key Points
India TodayStocks in news: Paytm, Sula Vineyards, ZEE, Omaxe, SpiceJet
Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm. Key Points
Economic Times
Grasim Q3 Results: Cons PAT slumps 40% YoY to Rs 1,514 crore, revenue rises 12%
Grasim's consolidated revenue increased by nearly 12% to Rs 31,965.50 crore. Sequentially, the bottomline surged over 30%, and the topline grew by nearly 6%. Key Points
Economic TimesD-Street's smallcap rally fades as cautious foreign investors flee
BSE Ltd.s small and mid-cap indexes fell 1.7% and 3.4%, respectively, in the latest month. The declines came as overseas funds sold $2.6 billion of Indian equity in October, on a net basis, their biggest withdrawal since January. Key Points
Economic TimesRupee falls to 83.2850/USD, lowest in one year
But likely intervention from the Reserve Bank of India (RBI) capped further losses, traders said. The RBI likely sold U.S. dollars near 83.28 levels but the intervention was not aggressive, a foreign exchange trader at a private bank said. Key Points
Economic TimesReliance Industries Q2 Results: Net profit rises 30% YoY to Rs 19,878 crore
RIL's gross revenue rose 1.2% YoY to Rs 255,996 crore. During the quarter, the company's EBITDA margin rose 390 bps to 17.5%. Key Points
Economic TimesM&M buys 3.5% stake in RBL Bank for Rs 417 crore; may raise stake further
“We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstances will it exceed 9.95,” M&M says Key Points
Economic Times
Stocks in news: South Indian Bank, Coal India, HDFC Life, SAIL, Adani Green
South Indian Bank has finalised the candidates for the post of MD and CEO of the Bank. The lender will submit the application to the RBI seeking approval for the same. Key Points
Economic TimesRussian missile strikes Ukraine's Odesa, falling debris trigger two fires in Kyiv
One person died in an early morning Russian missile strike on an industrial facility in the southern Ukrainian city of Odesa. Falling debris during an air raid on Thursday triggered two fires in a non-residential building in Kyiv. Key Points
India TodayStocks in news: Patanjali Foods, Samvardhana Motherson, Indian Oil, Vedanta
Japanese promoter company Sumitomo Wiring Systems will likely sell 3.4% stake in Samvardhana Motherson International Ltd through a block deal on Thursday, according to reports. Key Points
Economic TimesUS stocks open lower; Dow down 525 points as Credit Suisse renews bank worries
The Dow Jones Industrial Average fell 525 points or 1.6%, at the open to 31,759.87. Key Points
Economic TimesTechie loses Rs 42 lakh after liking YouTube videos, here is what happened
The IT professional got a message on WhatsApp that offered him a part-time job to make extra money. He was then added to the Telegram group where he was told to like some YouTube Videos and earn guaranteed returns. Key Points
India Today
After Ukraine missile alerts, Lviv mayor says four wounded, number growing
At this moment it is known that four are wounded as a result of rocket fire. The number is increasing. The data is being verified, Mayor Andriy Sadovy said in a post on his Telegram channel. He added that one person in a serious condition had been transported by ambulance. Key Points
Economic Times‘Do not leave shelters’: Kyiv on alert as Russia launches huge new air assault
Russia-Ukraine War: "A massive attack!" Mayor Vitali Klitschko said on the Telegram messaging app. "Do not leave shelters." | World News Key Points
Hindustan TimesStock tips via Telegram: Why has SEBI banned three people from accessing the markets?
A Telegram channel provided recommendations to its subscribers for trading in both cash as well as derivatives segments, for both intra-day as well as positional trades. It was promoted through apps like Facebook, WhatsApp and Instagram. Key Points
The Indian ExpressRegulation, conducive environment among top factors to fuel crypto trading among Indian investors: Sumit G
Sumit Gupta, Co-Founder of CoinDCX, discusses the key drivers for crypto trading in India and the challenges of building in the evolving environment. He highlights the need for regulatory clarity and a conducive environment to incentivize more activity on Indian exchanges. Key Points
Economic TimesSebi chief flags bubble in midcap, smallcap space
Madhabi Puri Buch, Sebi chairperson, expresses concerns over stretched valuations of small- and mid-cap stocks favored by retail investors. AMFI directs mutual funds to provide additional disclosures. Sebi plans to bring in more disclosures on risk factors and allow T+ 0 trade settlement. Key Points
Economic Times
We have a Nifty target of 24,000 in CY24, a 9% upside from current levels: Seshadri Sen
Seshadri Sen of Emkay Global Financial Services is bullish on the manufacturing-led cycle in India, particularly in the industrials, consumer discretionary, and materials sectors. He expects moderate gains in the larger cap space and plans to overweight IT when valuations become favorable. He says: We will be overweight IT when valuations revert back to our side when the large caps maybe touch the low 20s or even below. Key Points
Economic TimesSebi using AI for investigations, says official
In response to a question by PTI on whether Sebi is using AI, Varshney said, we are using Al for investigations... and also using for a lot of things . Key Points
Economic TimesOne dead after downed Russian drone hits Ukraine apartment
A Russian drone crashed into a residential building in Odesa, Ukraine, killing one and injuring three. Ukraine's military downed five drones over the region amid nighttime assaults. The crash caused destruction and a fire, leading to one death and severe injuries. Emergency workers rescued survivors from the rubble, including a woman trapped for nearly two hours. Another drone crash earlier killed three in an industrial building. Key Points
Economic TimesPut checks and balances: 5 midcap stocks from different sectors with potential upside of up to 34%
The movement of nifty and sensex needs to be delinked with what has happened in the last quarter and what might happen to mid-cap in the coming quarter. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of XYZ reasons. At this point of time there is no dearth of tips floating in whatsapp group and Telegram channels. But there is enough evidence in history to show that more than anything else, it is time to use checks and balances while making investment decisions. Key Points
Economic TimesMicrosoft hits $3 trillion value, cementing strength of AI rally
The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsofts status as one of the largest public stocks. It briefly surpassed Apple Inc. in value — which last year became the first company to hit $3 trillion — but subsequently dropped back below the iPhone maker, with the two trading places ever since. Key Points
Economic Times
Bajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic TimesStocks in news: Delta Corp, IRCTC, Polycab India, Shyam Metalics, M&M
The union government has nominated Sanjay Kumar Jain for additional charge as IRCTC CMD. Accordingly, Seema Kumar relinquished additional charge for the post of IRCTC CMD. Key Points
Economic TimesPre-market action: Here's the trade setup for today's session
The rupee pared all its initial gains to settle just 1 paisa higher at 83.14 against the US dollar on Monday, as the support from lower crude oil prices in international markets was offset by a weak trend in domestic equities. Key Points
Economic TimesStocks in news: VST Industries, DMart, Hindustan Zinc, RVNL, Adani Enterprises
Bank of Maharashtra's total business rose 19% year-on-year to Rs 4.35 lakh crore in the December quarter, compared with Rs 3.66 lakh crore. Key Points
Economic TimesStocks in news: PNB, Tata Steel, Aarti Drugs, Swan Energy
Tata Steel received a notice from Uttar Pradesh State Pollution Control Board, imposing an environmental damage compensation of Rs 6.75 lakh. Key Points
Economic Times
Stocks in news: Vedanta, BHEL, Hero, M&M Financial, KFin Technologies
The company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO). Vivek and Rachna will report to the CEO. Key Points
Economic TimesPotential stars of next rally are top MF buys in November
Analysts say that insurance cos have managed to increase premiums on most of their existing policies by 20-30%. Given this increase, the profitability of insurance companies is likely to improve in the coming quarters, making current valuations attractive. Key Points
Economic TimesStocks in news: RIL, Fusion Micro, Axis Bank, NBCC, SBI
Private equity firm Bain Capital has offloaded 1.1% stake in Axis Bank through the open market on Wednesday, thereby taking home over Rs 3,700 crore. Key Points
Economic TimesStocks in news: Axis Bank, Mankind Pharma, Bank of Baroda, Laurus Labs, Wipro
Mauritius-based Beige Ltd has sold partial stake in Mankind Pharma through bulk deals on Tuesday. The investors have sold about 1.44 crore shares or 3.6% stake at Rs 1,832 apiece, taking the deal value to Rs 2,640 crore. Key Points
Economic TimesStocks in news: Tata Steel, IndiGo, Welspun Corp, Cipla, Mamaearth
Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants. Key Points
Economic Times
What India's top mutual fund houses bought, sold & completely exited in October
The Nifty Pharma index is trading at a price-to-earnings multiple of 31, lower than its five-year average of 36. Fund managers bought into stocks like Aurobindo Pharma, Cipla, Pfizer, Lupin, JB Chemicals, Alkem, and Syngene International. Key Points
Economic TimesAlarm Bells! Polls to disrupt India stocks calm in 2024, says Morgan Stanley
Indian stocks have risen about 7% this year, outpacing their peers in Asia and emerging markets, as growth in earnings and the economy lured local and global investors. India VIX, a gauge of expected stock-price swings, has slumped 25% so far this year to near its historical low. Key Points
Economic TimesRupee drops to fresh record low, tracking Asian peers
The rupee dropped to a lifetime low of 83.3050 to the dollar, down from 83.2800 in the previous session. The previous lifetime low was 83.2950. Key Points
Economic Times