Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
Following a healthy response to the IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market.
Congress leader Rahul Gandhi has criticised the Assam government for the state's flood situation, stating that it reflects the "gross and grave mismanagement" of the BJP's double-engine government. The state has seen over 60 deaths, 53,000 displacements, and 24,000 affected people. Gandhi called for a comprehensive and compassionate vision, including proper relief, rehabilitation, and compensation in the short term, and a pan-Northeast water management authority to control floods in the long term.
At least two soldiers were injured when terrorists opened fire on Army vehicles in the remote Machedi area of Jammu and Kashmir's Kathua district, officials said on Monday. The attack occurred in Badnota village, 150 kilometres from Kathua town, during a routine patrol. Security forces retaliated, leading to an ongoing exchange of fire. Reinforcements have been dispatched, and further details are awaited.
France and Spain are set to face off in the Euro 2024 semifinals. Spain has a strong scoring record, while France relies on penalties and own goals. Both teams have solid defenses. Suspensions and injuries pose challenges for Spain, while France welcomes back Thuram.
Maharashtra Chief Minister Eknath Shinde has emphasized zero tolerance for injustice, directing police to handle hit-and-run incidents involving powerful individuals seriously. This comes after a BMW driven by a Shiv Sena leader's son fatally hit a woman. Shinde vowed to ensure justice, implement stricter laws, and hold all offenders accountable, regardless of wealth or influence.
The NSE Nifty index closed 3.3 points down at 24320.55
Tata Mutual Fund has launched Tata Nifty India Tourism Index Fund, the nation's first tourism index fund comprising a collection of companies forming part of Nifty 500.
Total consumption totalled 19.99 million metric tons in June, up from 19.48 million tons last year, data showed. Demand was down 3.5% on a monthly basis from the 20.72 million metric tons consumed in May. Sales of diesel, mainly used by trucks and commercially run passenger vehicles, fell 5% month-on-month to 7.98 million tons in June.
Former chief minister Champai Soren was sworn in as a minister in the Hemant Soren government in Jharkhand, along with ten others. Champai resigned as CM on July 3, a day before Hemant Soren took office. Jharkhand Governor C P Radhakrishnan administered the oath at a ceremony at Raj Bhavan.
MobiKwik, leading in digital financial services by PPI Wallet transactions for April and May, grew market share to 23%. Co-founder Upasana Taku credits the Pocket UPI feature.
The staffing and HR industry anticipates tax breaks and investment in skill development in the FY25 budget. They propose lowering the GST on employment services from 18% to 5% and easing EPF contribution rules for staffing companies. Emphasizing skilling in sectors like semiconductors and EVs could address talent shortages and unemployment.
The Nifty Realty index closed 0.43 per cent down at 1114.3.
There were no casualties and the fire has been contained, said Farrukh Khan, chief executive officer at Pakistan Stock Exchange. The situation is under control and employees have been allowed to get back into their offices, the exchange said in a statement.
The NSE Nifty index closed 3.3 points down at 24320.55
Amid allegations of hiring discrimination at Foxconn's Tamil Nadu plant, Taiwan's TAITRA emphasized the need for foreign firms to adapt to India's business culture. Foxconn denied the claims, asserting that 25% of its new hires are married women. TAITRA stressed Taiwanese companies’ commitment to employee rights and India's economic development.
The Nifty Bank index closed 0.45 per cent down at 52425.8.
Ace Investor Dolly Khanna has raised her stake in smallcap counter Selan Exploration Technology in the quarter ended June 30, 2024 by 53 bps over the March quarter to 1.56%. Her holding in this oil & gas exploration and production company stood at 1.03%.
The National Samsung Electronic Union (NSEU) which represents thousands of Samsung Electronics workers expressed dissatisfaction with the annual leave, wages, and current bonus calculations. Despite Samsung proposing flexible terms regarding pay and leave, they do not meet the union's demands for increased compensation and improved benefits.
The 30-share BSE Sensex closed down 36.22 points at 79960.38
IBM's GenAI Innovation Center in Kochi, part of the IBM India Software Lab, supports AI development in India. Using LLMs, InstructLab, and watsonx, it aids enterprise-grade AI integration, focusing on healthcare and sustainability. Managed by IBM experts, the center enhances productivity and innovation for enterprises and startups.
Hurricane Beryl, the earliest Category 5 hurricane on record in the Atlantic, made landfall near Matagorda, Texas, causing significant storm surges, strong winds, and heavy rain. The storm is expected to weaken quickly. Scientists link this severe hurricane season to record-breaking sea temperatures driven by climate change. Beryl's early formation and intensity highlight the increasing danger of hurricanes. Caribbean leaders call for better financing to combat climate impacts, while funds intended... Читать дальше...
Kotak Mahindra Bank, ICICI Bank, IndusInd Bank and Federal Bank closed in the green while some selling was seen in PNB, IDFC First Bank, Bank of Baroda and AU Small Finance Bank.