Officials said six babies who consumed ByHeart formula were treated for botulism between November 2024 and June 2025, months before the reported outbreak.
The government plans to introduce a bill in the upcoming Winter session to raise FDI in the insurance sector to 100%, aiming to deepen penetration and boost growth. Amendments to the Insurance Act, 1938, LIC Act 1956, and IRDA Act 1999 are also proposed to strengthen financial security and encourage market entry.
Aditya Kumar Halwasia acquired 38 lakh shares in Karnataka Bank for Rs 71 crore, a deal executed at a premium. The smallcap lender, supported by Quant Mutual Fund, saw its stock jump nearly 8% amid significant volume spikes. Karnataka Bank's net profit improved quarter-on-quarter, while NPAs moderated.
Eternal, a food delivery and quick-commerce platform, has stated that the new social security code will not negatively impact its long-term business prospects. The company is actively seeking clarity from the government on the exact financial and operational implications. Eternal anticipates these changes and is committed to the well-being of its gig workers, already providing insurance and welfare benefits.
Mangal Electrical Industries' shareholder lock-in is expected to end soon. This could see nearly ten lakh shares become available for trading. The company manufactures components for transformers. Its shares have seen a decline since its market debut. Anchor investors include Abakkus Diversified Alpha Fund and Societe Generale. The company reported a profit fall in its September quarter results.
India's alternative investment sector is booming, with PMS and AIFs now managing over Rs 23.43 lakh crore. This remarkable growth, fueled by institutional investors and affluent individuals seeking alpha, has seen PMS assets surge sevenfold and AIF commitments skyrocket by nearly 50% annually. These investment avenues are becoming mainstream for wealth management.
HDFC Asset Management Company and Thyrocare Technologies will trade ex-bonus next week. Record dates are set for November 26 and November 28. HDFC AMC offers a 1:1 bonus share. Thyrocare Technologies provides a 2:1 bonus issue. These events will determine shareholder eligibility for bonus shares. Investors should note these upcoming dates.
Gold prices have shown resilience this week, ending with a modest gain. The Indian Rupee's record low against the Dollar is creating new challenges for traders. Experts anticipate continued volatility in the coming week. Gold is expected to trade within a specific range. Strong US jobs data has reduced expectations for a December Federal Reserve rate cut, impacting global sentiment.
