HDFC Top 100 Fund, a large-cap focused equity scheme, celebrates over 27 years of consistent performance, delivering an impressive 19% compound annual growth rate (CAGR) throughout its tenure.
Analysts view the central bank move as administrative in nature to ensure a smooth leadership transition in the Kolkata-based lender, but concerns over Bandhan Bank's asset quality perhaps kept investors anxious.
On Monday, protests erupted in the valley areas, mainly led by women demanding the removal of central forces, accusing them of biased actions and targeting village guards. Protestors attempted to enter the residence of Chief Minister N Biren Singh but were stopped by the police. Additional CRPF troopers were deployed in Jiribam district following the killing of a 59-year-old farmer, with tensions high between Meitei and Kuki-Zomi communities.
The International Criminal Court said Tuesday it had issued arrest warrants for Russia's chief of the General Staff Valery Gerasimov, and former defence minister Sergei Shoigu. The court issued an arrest warrant for President Vladimir Putin in March last year, a ruling that Moscow called "void".
The promoters proposed to sell 90,92,000 shares representing 3.52% of the total issued and paid-up equity share capital.
Nifty maintains positive momentum, poised for potential breakout towards 24,000 with immediate support at 23,550, says HDFC Securities analyst. According to experts, Nifty moved above 23,700 to make a new all-time high of 23,754, showing resilience amid global sluggishness.
Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongside other industry figures.
Biocon Executive Chairperson Kiran Mazumdar Shaw say we've seen significant market share growth for our biosimilars in the US, exceeding our 20% global insulin market target sooner than expected. Demand has surged, especially for insulins, creating substantial opportunities.
The cabinet approved Tata Sons' museum project in Ayodhya and other developments, including helicopter services in key areas. Ministers discussed heritage building transformations and tourism fellowship programs during the press meet, emphasizing cultural preservation and tourism enhancement.
Exploring India's external debt dynamics, the recent data highlights a growing financial obligation, with varying debt compositions dominated by US dollar-denominated debt. Analyzing the trend pre and post-pandemic offers insights for strategic debt management and economic resilience.
The prices of other KMF products such as curd and milk-related items will remain unchanged, said Federation chairman Bhima Naik. Chalking the hike up to the growing cost of milk storage, he said, “As it is the current harvest season, the storage of milk in all district milk unions is increasing every day and the current storage is close to one crore litres.” The price, he added, was still less, compared to the neighbouring states.
YES Bank intends to raise funds through the issuance of debt securities, potentially including non-convertible debentures (NCDs), bonds, or Medium Term Notes (MTNs). The bank's board approved this fundraising plan during a meeting on Tuesday, where they also finalized the draft notice for the annual general meeting scheduled for August 23rd. YES Bank's shares have surged 50% over the past year, significantly outperforming the Bank Nifty index, which gained 21% in the same period.
The San Francisco-based company aims to make a specialised processor tuned to run a specific kind of AI model that is widely used by OpenAI's ChatGPT and Google Gemini.
The TMC expressed discontent over not being consulted on the Opposition's decision to nominate Congress MP K Suresh for the post of Lok Sabha Speaker. Suresh filed his nomination without TMC's support, prompting TMC MP Abhishek Banerjee to state that their party leadership will decide their stance. Congress leader Rahul Gandhi hinted at a resolution by saying "Jai Samvidhan" after a conversation with Banerjee inside Lok Sabha.
Capital goods, IT and banks saw considerable buying, while selling was seen in energy, PSU, oil & gas, metal and realty stocks.
A life-size gold statue of Indian cricketer Virat Kohli has been unveiled in Times Square, New York, delighting fans worldwide. The statue, featuring Kohli with a bat and cricket pads, was shared by Duroflex, celebrating their partnership and Kohli's cricket legacy.
Another FIR has been registered against former MP Prajwal Revanna on charges of sexual harassment, stalking and criminal intimidation, police sources said on Tuesday. Along with him, three others, including former BJP MLA from Hassan Preetham Gowda has also been named in the FIR for allegedly sharing images captured by Prajwal during sexual harassment of the victim on a video call, they said.
The NSE Nifty index closed 183.46 points up at 23721.3
Snapchat is introducing features like blocking capabilities, location-sharing, increased in-chat warnings and others to safeguard teens from harm online, Uthara Ganesh, a senior executive at Snap Inc told ET . Snapchat had said before that teenagers would not be suggested in ‘Quick Add’ or ‘Search’ unless they have multiple mutual connections in common with the other person.
"PSB Gaurav Bachat SB Salary account is exclusively designed to cater to the distinct banking requirement of serving and retired personnels. The product is also strategically aimed to tap Agniveers enrolled in the Agnipath scheme, ensuring a comprehensive financial solution that aligns with distinctive needs of the segment," Punjab & Sind bank MD and CEO Swarup Kumar Saha told PTI.
The Nifty IT index closed 0.81 per cent up at 35426.9.
The coat pocket edition of the Indian Constitution, championed by various leaders, remains a symbol of constitutional integrity. From PM Modi to the President and Home Minister, its significance endures. This exclusive edition by Eastern Book Company continues to shape discussions on safeguarding the Constitution.
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