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Stocks to Watch: Airtel, TCS, Reliance, Zee Entertainment, Maruti, Hero MotoCorp

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Stocks to Watch: Airtel, TCS, Reliance, Zee Entertainment, Maruti, Hero MotoCorp

Right here is the record of prime 10 shares that will probably be in focus immediately:

Bharti Airtel: Bharti Airtel’s 5G service is on the market in eight cities since Saturday, its chairman Sunil Bharti Mittal mentioned at India Cellular Congress. With this, Bharti Airtel has grow to be the primary firm to launch 5G providers within the nation. “Whenever you (Prime Minister) will launch 5G immediately. 5G from Airtel will probably be accessible in 8 cities – Delhi, Mumbai, Varanasi, Bangalore and different cities,” Mittal mentioned.

Tata Consultancy Providers: Largest Indian IT firm, Tata Consultancy Providers (TCS) will probably be contemplating a second interim dividend for the monetary 12 months FY23 in a board assembly scheduled on October 10. Additionally, TCS will announce its monetary outcomes for Q2 and 6 month-to-month intervals of FY23. The Tata Group-backed agency has additionally introduced a document date to find out eligible shareholders for the dividend advantages. In Q2, seasonal power and digital providers development are more likely to carry TCS income sequentially.

Reliance Industries: Reliance Jio will launch a price range laptop computer priced at $184 (15,000 Indian rupees) with an embedded 4G sim card, aiming to duplicate the success of its low-cost JioPhone in India’s extremely price-sensitive market, two sources advised Reuters. The Mukesh Ambani-led conglomerate has partnered with world giants Qualcomm and Microsoft for the JioBook, with the previous powering its computing chips based mostly on know-how from Arm Ltd, and the Home windows OS maker offering assist for some apps.

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Zee Leisure: Shareholders of Zee Leisure Enterprises Ltd (ZEEL) on Friday accredited all eight resolutions within the Annual Basic Assembly of the corporate. The decision for the re-appointment of its Managing Director Punit Goenka on board was additionally accredited on the fortieth AGM with the required majority. ZEEL additionally acquired the approval of the particular decision for the re-appointment of R Gopalan as Impartial Director of the corporate, mentioned a regulatory submitting.

Maruti Suzuki: The nation’s largest carmaker Maruti Suzuki India on Saturday reported a two-fold improve in complete wholesales to 1,76,306 items in September. Hit by a large scarcity of digital parts, the corporate managed to dispatch 86,380 items in September 2021. Final month, the corporate’s home gross sales rose over two-fold to 1,54,903 items in opposition to 68,815 items in September 2021, Maruti Suzuki India (MSI) mentioned in a press release.

Coal India: Persevering with to keep up the double-digit development in manufacturing starting FY23, Coal India Restricted (CIL) closed the primary half of the present fiscal with 299 million tonnes (MTs) output. Provides to energy crops, buoyed by elevated manufacturing and better loading, have risen sharply to 285.5 MTs within the first half of FY23. Reaching practically 43% of the fiscal 700 MT manufacturing goal in six months, CIL is aiming to shut on the remainder within the second half. Usually, CIL’s second half of the fiscal manufacturing yield is far greater than the primary half of the fiscal.

Financial institution of Baroda: Competitors Fee of India (CCI) has cleared Financial institution of Baroda’s proposed acquisition of a 21 per cent stake in IndiaFirst Life Insurance coverage. The transaction entails the Financial institution’s acquisition of 21 per cent shareholding of IndiaFirst Life Insurance coverage Firm Ltd (IFLIC) from Union Financial institution of India. In line with an replace on the CCI web site, the deal has been accredited.

Tata Motors: Tata Motors on Saturday mentioned its complete home gross sales elevated by 44% to 80,633 items in September. The corporate had dispatched 55,988 items to sellers in September 2021. The Mumbai-based automaker reported an 85 per cent improve in its complete home passenger automobile dispatches at 47,654 items final month in opposition to 25,730 items in September 2021.

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Nestle India: FMCG main Nestle India on Friday mentioned it’s in talks with staff throughout its three crops, who’re planning to not work on Sunday in protest over the dearth of paid go away for organising union actions. The employees of Nestle at its three crops – Nanjangud in Karnataka, Bicholim in Goa and Tahliwal in Himachal Pradesh – plan to not work on Sunday, protesting over not getting paid go away for organising union actions.

Hero MotoCorp: Hero MotoCorp on Saturday reported a 1.95% decline in complete gross sales to five,19,980 items in September 2022. The corporate had bought 5,30,346 items in the identical month final 12 months, Hero MotoCorp mentioned in a press release. Home gross sales have been greater final month at 5,07,690 items in comparison with 5,05,462 items in September 2021. Nevertheless, exports have been decrease at 12,290 items in opposition to 24,884 items within the year-ago month, the corporate mentioned.

 

 

 

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Photos: 14 killed in Nepal as flooding grips South Asia

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Photos: 14 killed in Nepal as flooding grips South Asia

At least 14 people have been killed after heavy rains triggered flash floods and landslides across Nepal, with disaster teams searching for nine missing, police said on Sunday.

Flooding in neighbouring India and Bangladesh has also caused widespread damage and affected millions.

“Police are working with other agencies and locals to find the missing people,” said Nepalese police spokesman Dan Bahadur Karki.

People have been killed or are missing in multiple locations, he said.

Monsoon rains from June to September bring widespread death and destruction every year across South Asia, but the numbers of fatal floods and landslides have increased in recent years.

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Experts say climate change and increased road construction are exacerbating the problem.

Parts of Nepal have been receiving heavy rainfall since Thursday, prompting disaster management authorities in the Himalayan nation to warn of flash floods in multiple rivers.

There have been reports of floods in several districts of lowland areas bordering India.

Last month, 14 people were killed in Nepal in ferocious storms that brought landslides, lightning and flooding.

In India, floods have swamped the northeastern state of Assam, with six people killed in the last 24 hours, the Assam State Disaster Management Authority said on Sunday.

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That takes the death toll from downpours in the state since mid-May to 70, according to the PTI news agency.

In low-lying Bangladesh, downstream from India, the disaster management agency said floods had hit more than two million people.

Much of the country is made up of deltas where the Himalayan rivers the Ganges and the Brahmaputra wind towards the sea after coursing through India.

The summer monsoon brings South Asia 70-80 percent of its annual rainfall.

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NASCAR eyes carbon cut with electrification deal, EV prototype

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NASCAR eyes carbon cut with electrification deal, EV prototype
NASCAR unveiled an all-electric prototype racecar on Saturday and announced an electrification deal with ABB Ltd that it says will advance sustainability goals as the U.S. stock car racing giant targets net zero operating emissions by 2035.
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As the Dalai Lama turns 89, exiled Tibetans fear a future without him

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As the Dalai Lama turns 89, exiled Tibetans fear a future without him

In a monastery beneath snow-capped mountains in northern India, the Buddhist monk entrusted with protecting the Dalai Lama and foretelling his people’s future is concerned.

The Dalai Lama turned 89 on Saturday, and China insists it will choose his successor as Tibet’s chief spiritual leader. That has the Medium of Tibet’s Chief State Oracle contemplating what might come next.

DALAI LAMA SAYS HE WAS BEING ‘INNOCENT AND PLAYFUL’ WHEN ASKING YOUNG BOY TO ‘SUCK MY TONGUE’

“His Holiness is the fourteenth Dalai Lama, then there will be a fifteenth, sixteenth, seventeenth,” the medium, known as the Nechung, said. “In countries, leaders change, and then that story is over. But in Tibet it works differently.”

Tibetan Buddhists believe that learned monastics are reincarnated after death as newborns. The Dalai Lama, who is currently recuperating in the United States from a medical procedure, has said he will clarify questions about succession — including if and where he will be reincarnated — around his ninetieth birthday. As part of a reincarnation identification process, the medium will enter a trance to consult the oracle.

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The incumbent Dalai Lama is a charismatic figure who popularized Buddhism internationally and won a Nobel Peace Prize in 1989 for keeping alive the Tibetan cause in exile. Beijing sees him as a dangerous separatist, though he has embraced what he calls a “Middle Way” of peacefully seeking genuine autonomy and religious freedom within China.

The Dalai Lama turned 89 years old on Saturday. (AFP via Getty Images / File)

Any successor will be inexperienced and unknown on the global stage. That has sparked concerns about whether the movement will lose momentum or grow more radical amid heightened tensions between Beijing and Washington, long a source of bipartisan support for the Central Tibetan Administration, Tibet’s government-in-exile.

The CTA and its partners in the West as well as India, which has hosted the Dalai Lama in the Himalayan foothills for more than six decades, are preparing for a future without his influential presence.

President Joe Biden is expected to soon sign a bill that requires the State Department to counter what it calls Chinese “disinformation” that Tibet, which was annexed by the People’s Republic of China in 1951, has been part of China since ancient times.

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“China wants recognition that Tibet has been part of China … throughout history, and this bill is suggesting that it would be relatively easy for Tibet supporters to get a western government to refuse to give recognition for such an extensive claim,” said Tibet specialist Robert Barnett of London’s School of Oriental and African Studies.

U.S. lawmakers, including former House speaker Nancy Pelosi, D-Calif., visited the Dalai Lama last month to celebrate Congress passing the legislation, which Sikyong Penpa Tsering, who heads the CTA, called a “breakthrough.”

The bill is part of a strategic shift away from emphasizing Chinese rights violations such as forced assimilation, the Sikyong, or political leader, told Reuters. Since 2021, CTA has lobbied two dozen countries, including the U.S., to publicly undermine Beijing’s narrative that Tibet has always been part of China, he said.

With U.S. weight behind this strategy, the exiles hope to push China to the negotiating table, he said. “If every country keeps saying that Tibet is part of the People’s Republic of China, then where is the reason for China to come and talk to us?”

The Chinese foreign ministry said in response to Reuters’ questions that it would be open to discussions with the Dalai Lama about his “personal future” if he “truly gives up his position of splitting the motherland” and recognised Tibet as an unalienable part of China.

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DALAI-LAMA

Tibetans participate in a protest march held to mark the 65th anniversary of the Tibetan uprising against Chinese rule, in the northern hill town of Dharamsala, India, March 10, 2024. (Reuters / Adnan Abidi / File)

Beijing, which has not held official talks with the Dalai Lama’s representatives since 2010, has also urged Biden not to sign the bill.

The office of the Dalai Lama, who has in recent years apologized for remarks he made about women and to a young child, referred an interview request to the Sikyong.

Succession questions

Most historians say Tibet was assimilated into the Mongol Empire during the 13th-14th century Yuan dynasty, which also covered large parts of present day China. Beijing says that it established its sovereign claim, though scholars believe the relationship varied greatly over the centuries and remote Tibet largely governed itself for much of the time.

The People’s Liberation Army marched into Tibet in 1950 and announced its “peaceful liberation”. After a failed uprising against Chinese rule in 1959, a young Dalai Lama fled into exile in India.

In 1995, atheist China and the Dalai Lama separately identified two boys as the Panchen Lama, the second-most-important Tibetan Buddhist leader. The Dalai Lama’s pick was taken away by Chinese authorities and has not been seen since.

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Many Buddhists consider Beijing’s choice illegitimate, though most expect a similar parallel selection for the next Dalai Lama given the Chinese government’s stance that he must reincarnate, and it must approve the successor.

India-US-Dalai-Lama

In this photo shared by the Office of the Dalai Lama, U.S. Rep. Michael McCaul, R-Texas, left, is greeted by Tibetan spiritual leader the Dalai Lama, at the Tibetan leader’s residence in Dharamshala, India, June 19, 2024.  (Tenzin Choejor/Office of the Dalai Lama via AP)

Chinese authorities have “tried to insert themselves into the succession of the Dalai Lama, but we will not let that happen,” said U.S. Rep. Michael McCaul, R-Texas, Republican chairman of the House Foreign Affairs Committee during his Dharamsala visit last month.

India, whose troops clashed with China near the Tibetan plateau in 2022, has been less vocal about its position on succession.

“The U.S. … does not have to worry about border incursions as India does,” said Donald Camp, a former top South Asia official on the U.S. National Security Council.

But as home to tens of thousands of Tibetans and an ascendant voice on the global stage, Delhi will be pulled into the fray, observers of Indian diplomacy say. Hawkish commentators have already called on Prime Minister Narendra Modi to meet with the Dalai Lama as a way of pressuring China.

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Delhi’s Ministry of External Affairs declined to comment on the succession but its former ambassador to China, Ashok Kantha, said India would not be “comfortable with China trying to control that process.”

“Privately, we have told China … that for them the best option is engaging with the Dalai Lama and his representatives,” said Kantha. “Post-fourteenth Dalai Lama we don’t know what will happen.”

The respect that the Dalai Lama commands among Tibetan exiles has kept in check frustrations and a formal push for independence, though it isn’t clear if that balance will be maintained following his death.

Tibetan Youth Congress general secretary Sonam Tsering said his advocacy group respected the Middle Way but, like many other young Tibetans, it wanted full independence.

For now, Tibetans are focused on supporting the Dalai Lama in fulfilling his desire to return to his homeland before his death, he said.

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But if the wish “is not fulfilled, then the emotional outburst, the emotional challenges they are going through, it’s very difficult to think of,” he said.

The Sikyong said CTA’s new emphasis on challenging China’s narrative united pro-independence Tibetans with those pursuing the Middle Way, as Tibet’s historical status was a point of common agreement.

On Saturday, tens of thousands of Buddhists and well-wishers around the world will gather to celebrate and pray for the long life of a leader who for them represents the strongest hope of an eventual return to Tibet.

But time for both the Dalai Lama and his people is starting to run out.

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