The evolving financial landscape in India, characterized by the Hyundai India IPO and the rise in private company IPOs, presents significant opportunities for financial institutions like Nomura and Jefferies Financial Group to capitalize on the flourishing market and drive investment banking fees to new heights.
The monsoon season brings heavy rains and lush greenery, but it also creates ideal breeding grounds for mosquitoes. These mosquitoes can transmit a variety of diseases, posing a health risk during this time.
The Nifty Pharma index closed 0.07 per cent up at 19545.35.
The partnership with Highbrow Securities is also expected to enhance Novavente's market credibility as it prepares for a public listing on the London Stock Exchange. The sales consulting firm will use the fresh funds to fuel expansion plans and enhance offerings and services. Beyond its core business, Novaventa has also invested in developing generative AI products.
The T Coronae Borealis binary system nova event, repeating every 80 years, may erupt by September 2024. Stargazers can witness this rare phenomenon by locating the Northern Crown constellation between Arcturus and Vega, aided by ground-based telescopes.
Reliance Industries (Ltd) shares surged over 4% to hit a new intra-day high of 3,029 on Wednesday, boosting the benchmark Nifty by 144 points. Despite earlier losses post-election, RIL staged a strong recovery, erasing losses and gaining approximately 2.4%.
Of the 16 sectoral indices on the NSE, 9 ended in the green with the Nifty Oil & Gas index ending up as the top performing index with 1.4% gains. It was followed by Nifty Private Bank index and Nifty Bank. Among the laggards were Nifty Auto, Nifty Metal and Nifty Consumer Durables which fell up to nearly 1%.
CR Forex's Amit Pabari forecasts a stable rupee within a defined range, emphasizing the impact of interest rates on currency fluctuations.
The 2022 Lancet study revealed that nearly 50% of Indian adults lacked adequate physical activity, leading to a rise in non-communicable diseases. In 2021, India had 101 million diabetics, 315 million with hypertension, 254 million obese individuals, and 185 million with high LDL cholesterol levels.
The Supreme Court closely monitors tree felling in Delhi, demanding accountability and tree planting for unauthorized actions, emphasizing the need to protect the city's green cover.
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
EY recommends significant tax reforms in the upcoming Budget, urging the government to double the standard deduction under the new concessional tax regime to Rs 1 lakh or increase the basic exemption limit to Rs 3.5 lakh. Key suggestions include maintaining corporate tax stability, rationalizing TDS provisions, and improving dispute resolution mechanisms.
The National Council of Applied Economic Research (NCAER) forecasts India's FY25 GDP growth at about 7.5%, driven by strong economic activity. NCAER's Director General, Poonam Gupta, highlighted buoyancy in the first quarter, robust investment policies, and macroeconomic stability. While the RBI projects 7.2% growth, Gupta noted that addressing rising food prices remains challenging, calling for climate-resilient and innovative food supply solutions.
Karnataka Chief Minister Siddaramaiah on Wednesday defended the Rs two hike in 'Nandini' milk prices, which now come with an additional 50 ml of milk in half-litre and one-litre packets. This adjustment has been made to support farmers in light of increased milk procurement. He emphasized that milk prices have not actually been raised.
Harmanpreet Singh was named captain and Hardik Singh his deputy as Hockey India announced a 16-member squad for next month's Paris Olympics. The squad features five debutants and a mix of seniors from the previous edition.
The government is preparing to revise the income criteria for middle-income groups (MIGs) to qualify for assistance under the Pradhan Mantri Awas Yojana (Urban) [PMAY(U)]. This change, expected to be included in the 2024-25 budget, aims to better target the housing scheme in urban areas.
The Australian is two points ahead of Suryakumar (842 points) who dropped a spot to second. However, he has a chance to reclaim the numero uno position as India's campaign at the T20 World Cup is still alive.
Om Birla's election as the Speaker of the 18th Lok Sabha saw significant political maneuvers, including opposition unity and NDA's majority support, highlighting the importance of consensus and strategic decisions in the parliament.
A man from Kerala was scammed of Rs 7.55 crore by fraudsters posing as representatives from Invesco Capital and Goldman Sachs, who tricked him with a fake account balance. To prevent such scams, be vigilant of unsolicited offers, research investments, and refrain from sharing financial details.
NEET-UG aspirants who have cleared this year's exam are experiencing anxiety due to a paper leak and subsequent calls for a retest, as reported by TOI. Many students are seeking professional counseling to manage the stress.
Ronald Siyoni, says there is an intention within the sector to go ahead with the cement price hike. We have seen about 1.5% odd price hikes during June on an average on a pan-India basis, but still, pan-India prices remain lower sequentially for quarter one of FY25 by about 3% to 4%.
As part of the Maha Vikas Aghadi alliance, we boycotted CM Eknath Shinde's tea party before the state legislature monsoon session, announcing it in a press conference. The ruling Mahayuti alliance will present the state budget in Mumbai from June 27 to July 12. The customary tea party was held ahead of every legislature session.
China's CSI AI Index jumped 3.7%, as domestic AI companies moved swiftly to attract users of OpenAI's technology. The blue-chip CSI300 index hit a four-month low on Tuesday. A US company intends to limit access to its application programming interface (API) in China and other nations. The API serves as a platform enabling developers to integrate its AI models into their products.
Ontario Teachers' Pension Plan Board acquired a significant minority stake in Jaipur-based NBFC Kogta Financial for Rs 1,230 crore ($148 million). The funds will drive growth, expand regional presence, and allow partial exits for existing investors Morgan Stanley and Creador. Kogta, specializing in vehicle finance and MSME loans, operates in 10 states with 225 branches and 5,000 employees.
Medicamen Organics' IPO success signals potential market growth amidst global pharmaceutical advancements, with revenues and profits reflecting promising industry trends.