Some of these companies waiting to tap the market are B2B manufacturers who supply to big brands and they need huge working capital requirements
An ETMarkets analysis identified seven stocks held by over 100 mutual fund schemes that have more than doubled in FY27 so far. Sterlite Technologies led with 303% gains, followed by Welspun Corp, Ather Energy and Laurus Labs.
Rahul Gandhi has submitted his reply regarding the defamation complaint related to his statements in Hathras. The court previously dismissed the complaint, prompting Gandhi to challenge this decision. Legal representation for three acquitted men claims Gandhi's remarks were defamatory and insulted them. A notice seeking damages was issued to Gandhi after his comments during a village visit. The next hearing is scheduled for December 7, following the judge's leave.
Jagatjit Industries Ltd has reported a net loss of Rs 3.96 crore for the second quarter of FY27, significantly improving from Rs 27.91 crore lost during the same period last year. Total income surged to Rs 195.43 crore, up from Rs 103.11 crore. In the first half of FY27, the company posted an overall net loss of Rs 12.23 crore, a decrease from Rs 37.81 crore.
Rabbit Island, located in southwestern Louisiana, is undergoing an extensive restoration project aimed at reviving habitats for colonial waterbirds. Initiated in 2020, the initiative tackles erosion and habitat loss brought on by various challenges. The first season saw over 11,600 nests discovered, exceeding expectations considerably. To further combat erosion, limestone rock baskets were installed, enhancing the area's viability for wildlife.
Wang Zhonglin, the former party chief of Hubei and Wuhan, is under investigation for corruption. This follows his earlier prominence during the COVID-19 pandemic, particularly appointed as Wuhan's top official in February 2020. He served as governor of Hubei in 2021 and later became the highest-ranking official in the province. Additionally, several other senior officials from pandemic-era Hubei have faced investigations and serious consequences.
A tragic accident occurred near Kaziranga National Park when a minibus collided with a container truck. At least seven people have died due to the crash, and efforts to retrieve the bodies are ongoing. Local authorities are assessing the situation and managing relief operations for the injured. The minibus was reportedly speeding and lost control before the collision. The critically injured have been transferred to nearby hospitals for treatment.
The successful reintroduction of California red-legged frogs to Yosemite marks a significant achievement in conservation efforts that began in 2016. With the first breeding in 2019 and the special release of the 10,000th frog, affectionately named 'Twain', these frogs now thrive in the valley, representing generations of recovery. Future plans include raising and releasing additional juveniles to ensure continued population growth within this iconic national park.
At the interbank foreign exchange market, the rupee opened at 94.07 against the dollar. During intra-day trade, it witnessed a high of 94.05 and a low of 94.28
Strong gold jewellery shipments and a recovery in polished diamond exports drive growth ahead of the crucial year-end holiday season.