Stock market update: Power stocks up as market falls
The 30-share BSE Sensex closed down 102.57 points at 80502.08
The 30-share BSE Sensex closed down 102.57 points at 80502.08
The report stressed developing comprehensive guidelines for the excellence centres' services alongside mental healthcare professionals. The report also called for nurturing peer support networks, self-help groups, and community-based rehabilitation programmes to destigmatise mental disorders and develop a sense of belongingness in their victims. Additionally, it suggested developing an age-appropriate mental health curriculum for teachers and students and encouraging early intervention and positive language.
"Agriculture premiums will likely rise from 2024 onwards, with an average real premium growth of 2.5 per cent over the medium term, supported by improvements in insurance infrastructure such as mobile applications and remote sensing for crop loss monitoring," the survey said.
The Economic Survey FY24 highlights the rise in the gender budget from Rs 97,134 crore in FY14 to Rs 3.1 lakh crore in FY25, marking a 38.7% increase from FY24 and a 218.8% rise from FY14, now 6.5% of the Union Budget. The survey underscores India’s shift from women’s development to women-led development, emphasizing legislative interventions, safety, health, nutrition, economic opportunities, and financial inclusion to enhance women's participation and empowerment across various sectors.
Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday.
Though the 30-share index fell over 103 points, or 0.13%, to settle at 80,502 and the broader NSE Nifty dropped 22 points, or 0.09%, investors reaped Rs 2.07 lakh crore reward. From the Sensex pack, RIL and Kotak Mahindra Bank were top laggards, falling about 3.5%. ITC, SBI, HCL Tech, IndusInd Bank, Bajaj Finance and Bajaj Finserv also closed lower, while NTPC, UltraTech Cement, HDFC Bank, and Tata Steel closed higher.
"Free reserves of Rs 28.31 crore will be utilised for the bonus issue. Bonus issue is aimed at to reward existing shareholders, enhance liquidity, and expand the shareholder base," the company said.
The 30-share BSE Sensex closed down 102.57 points at 80502.08
The Economic Survey FY24, prepared by the Department of Economic Affairs, warns that artificial intelligence could impact workers across all skill levels, hindering India's economic growth. It calls for collaboration between governments and the private sector to overcome these challenges, highlighting AI's potential to disrupt labor markets, skew income distribution, and restrain business growth opportunities.
Proceeds from the issue will be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.
Physically, neither Gambhir nor Agarkar have an imposing presence but ask anyone in the periphery of Indian cricket and people will swear by the fact that these are two individuals with sharp and informed takes, which don't change readily. As they put up a united front in their first joint media interaction, it was clear that they were ready to put their money where their mouths were.
I would say that obviously allocation to defence moves up, allocation to rail moves up, because obviously it has significant impact on the rest of the economy.
Anna Lezhneva, wife of Telugu star Pawan Kalyan, has earned a Master’s degree from the National University of Singapore. The graduation ceremony, attended by Kalyan, was celebrated by fans on social media. Anna, who previously earned an honors degree in Oriental Studies, continues her academic journey in Singapore with their children. Pawan Kalyan is preparing for upcoming film projects.
Young content creators in Hyderabad are revolutionizing careers by leveraging platforms like Instagram and YouTube. These influencers, aged 20-30, focus on niches such as fashion, food, travel, lifestyle, and comedy, earning substantial income through brand collaborations. The creator economy in India is valued at over USD 146 million, with Hyderabad emerging as a significant contributor. Despite challenges, the perks and creative freedom make this career attractive to many.
Chief Economic Advisor V Anantha Nageswaran stated on Monday that the Indian government's 7 per cent economic growth target for this fiscal year is achievable, despite acknowledging various challenges. This announcement follows the Economic Survey 2023-24, tabled on July 22.
The combined flow in both large-cap and large and mid-cap segments have also been robust, reaching a total inflow of Rs 32,081 crore, the highest in 18 months. In contrast, the 12-month rolling inflow in the small-cap segment decreased to its lowest level in nine months, totalling Rs 34,448 crore.
The Indian rupee closed nearly unchanged against the U.S. dollar, hitting an all-time low earlier in the session. Despite healthy portfolio inflows, the currency remains under pressure.
The needs to rationalise building regulations to allow manufacturers use their land more constructively, says the Economic Survey 2024.
Apple assembled 14% of global iPhones in India in FY24. Finance Minister Nirmala Sitharaman's Economic Survey 2023-24 highlights Foxconn’s production boosting US exports and electronics ranking. Domestic value addition increased from Phase 1 (8.7%) to Phase 2 (22%), with Rs 1.9 lakh crore in exports, increased employment and wages by 317%, driven by the PLI scheme.
The document stressed the critical role of non-fossil fuel sources in meeting India's Nationally Determined Contributions (NDCs) and Net Zero goals. However, it also pointed out the challenges associated with renewable energy, including intermittency issues, waste management concerns for nuclear and solar technologies, and the potential impact of biofuel production on food security.
Short covering occurs when investors buy shares to offset existing short positions, indicating a shift from pessimism to optimism in market sentiment.
The Delhi High Court told the city's Waqf Board it can approach the court regarding any future actions on its properties in connection with the Central Vista Project. The Board was asked to withdraw its 2021 petition seeking protection of six properties. The court allowed withdrawal with the liberty to file a fresh plea if needed. The Waqf Board claimed the properties have religious significance and historical importance.
The Economic Survey 2023-24 calls for closing regulatory gaps in the fintech sector and aligning with global best practices. It emphasizes moving towards data-based lending instead of judgment-based lending, particularly for small businesses. The survey also suggests evolving a common approach for user data like KYC across regulators and highlights India's goal to become a 'fintech nation.'
ITR tax mistake: Now you can make corrections in the income tax challan online if you satisfy certain conditions. This challan correction feature can be accessed by logging to the ITR portal. "This facility has been rolled out since August 2023. Prior to that taxpayers had to approach the department for making such corrections," says Ramakrishnan Srinivasan, former chief commissioner of income tax.