Share price of GAIL rises as Nifty weakens
A total of 700,035 shares changed hands on the counter till 01:45PM (IST).
A total of 700,035 shares changed hands on the counter till 01:45PM (IST).
A U.N. climate change conference in Dubai last year set a goal of tripling renewable energy capacity worldwide by 2030 to more than 11 terawatts (TW). Countries have to submit new or updated climate target commitments every five years after 2020 so next year they have to include revised ambitions for 2030.
One of such projects is expected to complete end of this financial year. But we do not expect any further increase in any of the project because the tariff revision is annual.
Finance Minister Nirmala Sitharaman is set to present her seventh consecutive Union Budget, expected to include an effective tax rate cut, increased subsidies for cooking gas, interest rate subventions for rural and urban housing, special financial assistance to states, and expanded subsidized healthcare coverage.
The Delhi High Court upheld the Food Safety and Standards Authority of India (FSSAI) regulation, which enhanced the size of the statutory warning on Pan Masala packages to the extent of 50 per cent of the front-of-pack of the label from the erstwhile warning size of 3 millimetres on Thursday.
The Employees' Provident Fund Organisation (EPFO) has announced a policy for hiring retired officers and employees on a contract basis. This move aims to fill existing vacancies in various cadres across EPFO, as existing personnel may lack the required competency. The policy, approved by the EPFO's executive committee in October 2023, will be for an initial one-year term, with the possibility of extension beyond two years after superannuation.
A total of 900 shares changed hands on the counter till 01:39PM (IST)
Bihar has appointed transgender person Manvi Madhu Kashyap as Sub-Inspector of Police, marking a historic first. Kashyap expressed gratitude to Chief Minister Nitish Kumar and others for support in achieving this milestone, highlighting struggles faced due to discrimination. Tripura has set up transgender protection cells for grievance redressal, aiming to ensure safety and empowerment of LGBTQIA+ community.
The Bombay High Court directed the Maharashtra government to make the state advisory board for policies related to disabled persons functional within a month. The court criticized the government for needing directives to fulfill its statutory obligations under the Rights of Persons with Disabilities Act. The board, non-functional since 2020, must be operational by mid-August.
The Supreme Court scheduled the hearing of NEET-UG 2024 related pleas for July 18, noting compliance by the Centre and NTA with the July 8 order, as some petitioners' lawyers await the filed affidavits. This comes amidst allegations of irregularities and malpractices in the May 5 exam. There have been petitions filed to seek reexamination. A bench headed by Chief Justice D Y Chandrachud considers the matter.
India has surpassed China in the global real estate sector with 36 billion-dollar companies, a significant increase from just 7 six years ago. Mumbai leads with 33 companies, followed by Bengaluru and New Delhi. DLF is the most valuable, with Adani Realty entering the top 10. The sector's growth is driven by urbanization and infrastructure development, with 86% of companies increasing in value. The top 100 companies are valued at $171 billion, exceeding the combined GDP of Oman and Sri Lanka.
The Maharashtra assembly polls are scheduled later this year to elect 288 members of the Maharashtra Legislative Assembly. Earlier on Tuesday, the top leaders of the three major allies -- Congress, NCP-SP, and Shiv Sena (UBT) -- held a meeting and deliberated on the seat-sharing formula.
State Bank of India (SBI) launches an online loan facility against mutual fund (MF) units via Internet Banking (INB) and the YONO App. The new loan facility is extended at attractive interest rates to mutual fund schemes of all Asset Management Companies (AMCs) registered with CAMS.
The stock quoted a 52-week high price of Rs 1837.0 and a 52-week low of Rs 900.05.
Prime Minister Narendra Modi held a pre-budget meeting with economists and Finance Minister Nirmala Sitharaman, ahead of the Budget 2024. The Modi government will present their first full budget on July 23. Sitharaman received suggestions for sustained capital expenditure, fiscal prudence, lowering tax rates, and increasing social and rural spending.
The Relative Strength Index of the stock stood at 71.13 on Thursday.
A total of 55,288 shares changed hands on the counter till time (IST).
The stock quoted a 52-week high price of Rs 3232.3 and a 52-week low of Rs 2293.1.
The attack brought down Sibanya Stillwater's server and disrupted the system globally, a spokesperson of the company told the media. They added that the mining company is unaware of who was behind the attack but they have hired cybersecurity experts to help identify the breach and bring the system back up.
Crypto markets dropped 1.4% with Bitcoin, Solana, and Ethereum declining, while BNB, XRP, Cardano, and Tron rose up to 3%.
The stock traded at a P/E multiple of 56.0, while the price-to-book value ratio stood at 16.73.
Uttar Pradesh Chief Minister Yogi Adityanath conducted an aerial survey of flood-affected areas in Shravasti and distributed relief material. Jal Shakti Minister Swatantra Dev Singh stated that the government is closely monitoring the flood situation caused by heavy rainfall in multiple states. Relief efforts are underway in 12 flood-affected districts, with two reported casualties.
Now that it has touched, we are seeing some profit booking coming in, so that profit booking can take Nifty towards 24,000 level which is a very crucial support for July series.
On Thursday, a sub-branch of the Munak Canal had a breach, flooding the residential areas of JJ Colony in the Bawana region of North Delhi. Munak Canal, which is a part of the Western Yamuna Canal, got its Career Lined Channel (CLC) that runs into Bawana broken, leading to floods in nearby areas.