This 1.8 km mysterious crater in Gujarat is result of an Asteroid impact: Study
In-depth analysis of the Luna structure unveiled that the impact was triggered by an immense object primarily composed of iron, reshaping the landscape significantly. Notably, layers of ancient plant remains buried beneath the impact debris were dated back approximately 6,905 years using radiocarbon dating techniques. Key Points
Business TodayGyanvapi case: 'The western wall of existing structure is remaining part of pre-existing Hindu temple'
India News: Discover the historical evidence of a Hindu temple that existed before the construction of Gyanvapi Masjid. Read about the findings from the ASI survey and the significance of the pre-existing structure. Key Points
Times Of IndiaAllahabad HC orders scientific investigation of 'shivling' inside Gyanvapi Mosque
The court ordered authorities to ensure no harm is done to the structure, the Hindu petitioners claim is a shivling. The mosque authorities say it is part of a fountain in the 'wazu khana', where ablutions are performed before namaz. The mosque was built by Mughal emperor Aurangzeb in 1699 Key Points
FirstpostUS: 1 killed, 5 injured as 4-storey parking structure collapses in Manhattan
At least one person was killed and 15 injured after a four-storey parking facility collapsed at Manhattan in United States. Emergency personnel using robotic devices after firefighters were pulled back from the fallen structure. Key Points
India TodayAfter ASI findings, it's over to mosque committee now
The Archaeological Survey of India (ASI) has submitted a scientific survey report on the Gyanvapi mosque premises, stating that a Hindu temple existed before the current structure. The report is now subject to objections from the Anjuman Intezamia mosque committee. Key Points
Economic Times
Row over Jain temple construction at Surat high-rise
The Jain families had, in last few days, erected a fabricated temple structure, to pray at an open space on the ground floor. Flat owners from the Hindu community had objected to this, the police added. Key Points
The Indian Express'Basic structure' doctrine a judicial coup against Parliament. Gogoi is right in debating it
Judiciary doesn’t represent will of people. To defend the collegium system, the Supreme Court invoked its invention— ‘basic structure’ of the Constitution. Key Points
ThePrintTo Make a Greener Building, Start With an Old One
Corporations love to show off new constructions with fancy eco features. For truly green architecture, it’s best to build on structures already in place. Key Points
WIREDBig movers on D-Street: What should investors do with JSW Steel, Tata Investment and Tata Chemicals?
Benchmark indices hit record highs fueled by economic growth. JSW Steel, Tata Investment, and Tata Chemicals performed well. Tata Investment has broken out of a Flag formation, while Tata Chemicals has shown a recovery. MACD and RSI indicators support Tata Investment's structure. Key Points
Economic TimesCommerce Ministry shares list of goods facing inverted duty structure
The commerce and industry ministry has shared a list of 13-14 products with the finance ministry that face issues related to the inverted duty structure, an official said. Inverted duty structure is a situation when inputs are taxed at higher rates than finished products, which can make domestic industry import dependent. The ministry always shares such list of goods, where customs duties on components are higher than the finished products, said the official. Key Points
Economic Times
11 booked for rioting after row over Jain temple construction
Upon checking the CCTV footage, the accused were found to be behind the damage. Madhvani called up the Police Control Room and sought police protection. Key Points
The Indian ExpressHand over Gyanvapi structure to Hindus: VHP
The VHP has demanded that the Gyanvapi mosque in Varanasi be declared a Hindu temple and handed over to the Hindu community. The ASI survey report confirms that the mosque was built after demolishing a magnificent temple at the site. VHP working president Alok Kumar claims that the evidence collected and conclusions provided by the ASI prove that the religious character of the place of worship existed on August 15, 1947, and is now of a Hindu Temple. Key Points
Economic TimesAir India sets new targets for its non-flying staff
Air India's next milestone is implementing the approved and proposed mergers within the group from an HR standpoint and have an integrated structure that brings uniformity as four airlines become one and operate complementarily. The merger of Air Asia India and Air India Express is already being implemented to make a low-cost carrier, and we await the necessary approvals on our proposal to merge Vistara into Air India to form a full-service carrier, said Tripathi. Key Points
Economic Times3 get chemistry Nobel for protein design and structure prediction
The Nobel Prize in chemistry was awarded Wednesday to three scientists for their breakthrough work predicting and even designing the structure of proteins, the building blocks of life. The prize was awarded to David Baker, who works at the University of Washington in Seattle, and to Demis Hassabis and John Jumper, who both work at Google DeepMind, a British-American artificial intelligence research laboratory based in London. Key Points
The TribuneEncore ARC acquires IndoStar Capital's distressed loan book of Rs 292 crore
Brookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises 38-40% of the principal amount which Encore will pay as upfront cash. The junior class which is 60-62% of principal loan, is split into cash and security receipts. Of the junior class, IndoStar would receive cash and subscribe to the security receipts. Key Points
Economic Times
New Tech Mahindra structure to help drive innovation, improve margins & growth: CEO Designate Mohit Joshi
Tech Mahindra's CFO, Rohit Anand, discussed the impact of the current demand environment on the company's operational drop and revenue. He mentioned that while deal wins have improved, it will take time for them to convert into revenue. Anand also highlighted the company's focus on defining its core areas of focus and continuing the cost and revenue restructuring exercise. CEO Designate, Mohit Joshi, emphasized the importance of service resilience, service line innovation, and improving margins in the company's new organization structure. Key Points
Economic Timesstructure Therapeutics surges on promising early stage obesity drug data
Shares of structure Therapeutics (GPCR.O) soared 60% on Friday after the drug developer's oral obesity treatment succeeded in a small early-stage study. Key Points
ReutersJawaharlal Nehru Stadium's temporary structure collapses; 11 rescued from debris
A temporary structure near Gate 2 of the Jawaharlal Nehru Stadium in Delhi collapsed, leaving nearly 11 people trapped in the debris. Emergency services, including the Delhi Police and fire department, successfully carried out rescue operations. Most of the injured are employees, and most are taken to AIIMS trauma centre for treatment. Key Points
Economic TimesAs BJP MP calls for scrapping Places of Worship Act, campaign to ‘reclaim’ Kashi, Mathura grows
Giving wind to demands is ASI report on Gyanvapi that stated a temple did stand there prior to construction of existing structure. Prayers were offered in mosque cellar last week. Key Points
ThePrint'One nation, one poll' unconstitutional: West Bengal Mamata Banerjee
West Bengal CM Mamata Banerjee has criticised the concept of 'One Nation, One Election' in a letter to the committee. She argues that it goes against India's federal structure and may lead to a presidential form of election. She also opposes the idea of forcing states without assembly elections to hold premature general elections. Key Points
Economic Times
BMC issues stop work notice to ‘illegal’ construction at Juma Masjid
The Brihanmumbai Municipal Corporation (BMC) has issued a stop work notice to Juma Masjid in South Mumbai due to allegations of illegal construction. Former trust members claim that unauthorized work is being carried out inside the heritage structure. The current trust denies the allegations and states that there is no construction happening at the mosque. A writ petition has been filed in the Bombay High Court regarding the issue. | Mumbai news Key Points
Hindustan Times'A real sense of chaos ensued': Is it time to embrace the corporate ladder?
Some companies are flattening their organisational structures to find out if less hierarchy is better. Sometimes, employees are learning the answer the hard way. Key Points
BBCBasic structure only safeguard against majoritarian govt: Ramachandran
On the 50th year of the “basic structure” doctrine that restricts the power of Parliament to alter the fundamental features of the Constitution, senior advocate Raju Ramachandran told The Indian Express the doctrine is the only safeguard against a majoritarian government. Ramachandran, former Additional Solicitor General of India, was once a critic of the doctrine. […] Key Points
The Indian ExpressReady for re-rating once again? 4 stocks from textile sector with upside potential of up to 24%
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic TimesAdvantage of large market size or annuity: 4 largecap stocks from different sectors with an upside potenti
There are some sectors where the macro structure is such that for one or the other reasons the overall growth is higher. This is not to say that growth comes without phases of slowdown, but when tailwinds come they are able to take care of all the slowdown and over a period of time, growth is much better. So, at times valuations are high, take exposure to stocks and sectors where at least there is high probability of growth ensuring that over a period of time, valuations get normalized. When we talk of market size it is not only India but in some cases global markets also. Second, look at business that is bound to grow as markets expand and every transaction brings in some money to the topline and industry structure is such that cost does not grow in the same proportion leading to higher and stable margins. Key Points
Economic Times
ET Now GBS 2024: Govt cranks up engine to put Vande Bharat trains on international tracks, says Ashwini Va
The challenge was to develop it (Vande Bharat) in our country by our own engineers and the challenge has been taken very well. I can say with a good level of confidence that in the coming years, we would start exporting this train, said Vaishnaw, who also holds the communications, and electronics and information technology portfolios. Key Points
Economic TimesGyanvapi case: Here is what ASI has said in its report on 'Hindu temple'
ASI's survey at the Gyanvapi Masjid site in Varanasi reveals a pre-existing Hindu temple predating the 17th-century mosque. Spanning 2150.5 sqm, the study unveils remnants such as the central chamber, pillars, and inscriptions, pointing to a rich temple heritage. Scientific investigations and architectural insights affirm the temple's existence before modifications during Aurangzeb's reign. These findings impact the site's historical narrative, influencing legal discussions and emphasizing the coexistence of Hindu and Islamic heritage. Key Points
Economic TimesTechnical Breakout Stocks: How to trade OFSS, PCBL and Sobha on Friday
The Indian market closed in the red on Thursday for the third consecutive day in a row. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 21,500. Key Points
Economic TimesVedanta is working with JPMorgan to advise on business overhaul
Vedanta Group is reportedly collaborating with JPMorgan Chase & Co. to assist with a restructuring plan unveiled in September. The move indicates progress in the conglomerate's efforts to simplify its financial structure. Vedanta is also in discussions to secure a $1.25 billion private loan to address its refinancing requirements. Key Points
Economic TimesUnrest over wage hike kills woman garment worker in Bangladesh
Third death in seven days came day after Bangladesh authorities announced a 56.25 per cent hike in salary structure for readymade garment factory workers. A female worker was killed on Wednesday as protesting readymade garment workers in Bangladesh clashed with police at an industrial hub near here over the unacceptable wage hike announced by the authorities. Key Points
The Tribune India
Big movers on D-Street: What should investors do with Paytm, Mastek, KFin Technologies?
It has also formed higher highs and higher lows patterns, and it is trading above all important moving averages. The structure of the counter becomes so lucrative for long-term investors. Key Points
Economic TimesAAP announces dissolution of Goa unit
“Amit Palekar will continue to function as the state president. The new organizational structure will be announced soon,” the release added. Key Points
The Indian ExpressSugar, FMCG sectors can be part of the portfolio now: Anshul Saigal
Kotak Mahindra AMC's CIO, Anshul Saigal, believes that the sugar industry is attractively poised due to rising prices and improved industry structure from the ethanol policy. However, the agrarian stocks like UPL, Rallis, and Tata Chemicals have consistently failed to deliver despite their potential. Saigal suggests splitting the sector into various buckets, such as agrochemicals, food-related sectors, and those that benefit from food price increases, and investing in the sectors that suit an investor's needs at a given time. Key Points
Economic Times