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The Economic Times

Banks may get power to auction ships in case of loan defaults

The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing special exemptions for fishing vessels. This change aims to fast-track loan recovery processes and address ambiguities that delay recoveries. Other debt recovery laws are also under review for quicker resolution of non-performing loans.

Mint

If e-commerce and Instagram had a baby, that would be LoveLocal, says Akanksha Hazaari

LoveLocal's Akanksha Hazari shares her journey from fishing imaginary sharks on ships at a young age to escaping proverbial ones in the Indian startup ecosystem after being approached for acquisitions

Mint

Krystal Integrated Services share price retraces over 20% from record high. Opportunity for bottom fishing?

Krystal Integrated Services share price has tanked over 22% from its record high of ₹1,023.75 apiece, hit on April 12, 2024. However, in the past one month, the stock has risen more than 16%.

The Economic Times

Cochin Shipyard, HAL, 8 other defence PSU stocks fall up to 30% in a month. Is it time for bottom fishing?

Defence stocks have corrected significantly in the past month. Experts advise against bottom fishing and suggest waiting for clear signs of market reversal. Cochin Shipyard, Garden Reach, and Mazagon Dock are among the top losers. Stable names like HAL and Bharat Electronics might lead if overall market conditions recover.

Mint

IRCTC, IRFC to RVNL: These railway PSU stocks give zero return in one month. Opportunity for bottom fishing?

Railway PSU stocks have remianed non-participant in the recent Indian stock market rally

Mint

Latest Market News Today Live Updates August 31, 2024: IRCTC, IRFC to RVNL: Railway PSU stocks give zero return in one month. Opportunity for bottom fishing?

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

Hindustan Times

India's GDP growth moderates to 6.7% in Q1 2024-25, lowest growth in five consecutive quarters

Construction was the sector with the highest growth rate at 10%, while Agriculture, Livestock, Forestry & Fishing grew the lowest by only 2%.

Mint

Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling

USA-COURT/FISHING-SEC (ANALYSIS, PIX):ANALYSIS-Wall Street's top regulator faces worsening battle in wake of Supreme Court ruling

The Economic Times

A pond in warming Mali is disappearing, and Unesco-listed fishing tradition is in danger

In southern Mali's town of San, the annual Sanke mon fishing ritual faces challenges from climate change. Thousands gather for the traditional event, listed by Unesco, which marks the town's founding. Rising temperatures threaten Sanke pond, central to the ceremony, highlighting broader impacts on local traditions and livelihoods.