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Budget is not all about taxes; there’s also a signalling on more even wealth distribution: N Jayakumar

Economictimes.indiatimes.com 

N Jayakumar, MD of Prime Securities, emphasized the importance of inclusive growth in India post-Covid. He highlighted the need for fair wealth distribution through increased taxes on high earners. Jayakumar also pointed out the strength of the retail investor base in India and recommended sectors like telecom infrastructure, generic pharmaceuticals, and sustainability for investment.

Pavna Industries to take QIP route to fund capex plans and reduce debt

Economictimes.indiatimes.com 

The move aims to reduce its debt and finance capital expenditures. The fundraising will occur in two-three tranches over the next 12-18 months. The formal announcement is expected in a few days. According to the sources mentioned above, the company has approached several bankers for the fundraising process and discussions with ICICI Securities are in the final stage.

Bajaj Finserv Ltd eases for fifth straight session

Business Standard 

Bajaj Finserv Ltd is quoting at Rs 1572.7, down 0.41% on the day as on 13:19 IST on the NSE. The stock tumbled 3.3% in last one year as compared to a 23.33% rally in NIFTY and a 11.97% spurt in the Nifty Financial Services index.

Axis Bank Ltd slips for fifth straight session

Business Standard 

Axis Bank Ltd is quoting at Rs 1158.8, down 6.49% on the day as on 13:19 IST on the NSE. The stock jumped 18.63% in last one year as compared to a 23.33% rally in NIFTY and a 10.35% spurt in the Nifty Bank index.

ICICI Bank Ltd eases for fifth straight session

Business Standard 

ICICI Bank Ltd is quoting at Rs 1199.85, down 1.89% on the day as on 13:19 IST on the NSE. The stock jumped 20.41% in last one year as compared to a 23.33% rally in NIFTY and a 10.35% spurt in the Nifty Bank index.

IndusInd Bank Ltd down for fifth straight session

Business Standard 

IndusInd Bank Ltd is quoting at Rs 1377.9, down 1.34% on the day as on 13:19 IST on the NSE. The stock tumbled 3.49% in last one year as compared to a 23.33% rally in NIFTY and a 10.35% spurt in the Nifty Bank index.

State Bank of India down for fifth straight session

Business Standard 

State Bank of India is quoting at Rs 844.65, down 0.86% on the day as on 13:19 IST on the NSE. The stock jumped 37.31% in last one year as compared to a 23.33% rally in NIFTY and a 10.35% spurt in the Nifty Bank index.



Walsall Away (2 replies)

Small Heath Alliance 

Considering getting a ticket for Saturday however, after hearing Oracle Davies comments regarding the two teams, do we think we may not see the full strength side at Walsall?

Pelosi slams Netanyahu’s congressional address as ‘Worst’ by a foreign leader

Khaama Press (Afghan News Agency) 

Nancy Pelosi, the former Speaker of the U.S. House of Representatives, described Benjamin Netanyahu’s speech to Congress as the “worst” address by a foreign leader in the history of the U.S. Congress. Netanyahu delivered his speech on Wednesday for the fourth time before a joint session of Congress. On Wednesday, July 24th, Pelosi wrote on […]

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Union Budget: DMK to stage state-wide protest against "step-motherly" treatment of Tamil Nadu

Economictimes.indiatimes.com 

The ruling DMK has criticised the "step-motherly treatment" given to Tamil Nadu in the Union budget 2024-25 and announced a state-wide agitation against the BJP-led central government. The party argues that the budget should ensure equitable development by allocating funds to all states, rather than focusing on select states like Tamil Nadu that contribute significantly to national development.


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