Ambuja Cements stock price down 1.3 per cent as Sensex slides
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 9.58 per cent and domestic institutional investors had 5.53 per cent.
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 9.58 per cent and domestic institutional investors had 5.53 per cent.
The Singapore Indian Chamber of Commerce and Industry (SICCI) praised India's Union Budget 2024-25 for its emphasis on skills development, higher education, and empowerment of youth and women. SICCI Chairman Neil Parekh commended Finance Minister Nirmala Sitharaman's initiatives, including a Rs 1.48 lakh crore allocation for education and employment.
Parenting tips for Child obesity in India: How to make children stay fit? Best ways to keep children healthy parent tips.
Promoters held 45.25 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.03 per cent and 19.35 per cent, respectively.
The Employees' State Insurance Corporation (ESIC) added 23.05 lakh new workers to its ESI scheme in May 2024, according to the labour ministry. Additionally, 20,110 new establishments were incorporated under the scheme, ensuring broader social security coverage for workers.
Japan's Nikkei closes lower for the sixth consecutive day due to mixed U.S. tech earnings and yen's rally. Topix also falls. Market cautious ahead of Bank of Japan and Federal Reserve meetings. Big Tech earnings under scrutiny. Fast Retailing and Mitsubishi Motors among the companies affected by the market movements.
The budgetary allocation in 2024-25 for something remains identical to the budget estimates of 2023-24 at Rs 22,137.95 crore.
As of 30-Jun-2024, promoters held 25.0 per cent stake in the company, while FIIs held 54.28 per cent and domestic institutional investors had 10.18 per cent.
The Russian government is considering a ban on diesel exports to combat rising domestic prices, with Kommersant sources suggesting that a decision has not yet been made. Russia, a leading seaborne exporter of diesel, is also restricting gasoline exports. The Energy Ministry is yet to comment on the potential export ban.
Budget: The government has announced a reduction in the basic customs duty on mobile phones and key parts from 20 percent to 15 percent. This move aims to benefit consumers and bolster India's position as a smartphone manufacturing hub. Finance Minister Nirmala Sitharaman made this announcement in the annual budget for 2024-25.
The hotel sector has the potential to move up. One can also consider the insurance sector. Within the BFI side space, insurance has been a laggard for the last four years both on the general and health side. There is good opportunity, both in the private as well the public sectors. Quant likes that also apart from FMCG, pharma and larger infra themes.
On the technical charts, the 200-day moving average of the stock stood at Rs 7703.88.
Nepal Plane Crash: On July 24, 2024, a Saurya Airlines flight crashed during takeoff at Tribhuvan International Airport in Kathmandu. Out of 19 people onboard, 18 were killed. The aircraft, en route to Pokhara, caught fire upon impact. Rescue operations were swift, with the pilot being hospitalized. Nepal’s aviation sector continues to grapple with safety challenges amid a history of accidents.
Dr. Reddy’s Laboratories' board will consider a stock split at the July 27 meeting. Last split was in 2001. Shares rose 17.5% this year, 27% last year. A licensing deal with Takeda for Vonoprazan tablets was signed. Suzlon Energy shares hit an all-time high with 200% YoY PAT jump. Economic Times disclaimer applies.
On the technical charts, the 200-day moving average of the stock stood at Rs 188.0.
Let us take a look at the effective dates of various income tax changes proposed in Budget 2024, as per details available in the Budget memorandum.
Industry is hopeful that eventually this will be scaled up, and a higher sum of money will be disbursed to banks which will eventually be paid to payment applications. To promote digital payments the central government has made low value UPI and RuPay debit card payments at zero cost.
A total of 11,627 shares changed hands on the counter till 12:38PM (IST)
India Budget 2024: The UK-India Business Council (UKIBC) congratulated Finance Minister Nirmala Sitharaman and the Indian Government on the Union Budget 2024-25. UKIBC welcomed the proposal to reduce corporate tax rates for foreign companies, signaling progress towards investment parity. The council anticipates detailed foreign direct investment (FDI) announcements. The Budget outlines a vision for "Viksit Bharat" by 2047, which has garnered the support of UKIBC and its members.
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.
Protein rich food that are plant based and suitable for vegans and vegetarians
The stock quoted a 52-week high price of Rs 979.8 and a 52-week low of Rs 509.05.
The increased R&D funding and support for startups and MSMEs in the Budget will foster innovation in steel manufacturing, according to the Indian Steel Association. The Rs 11.11 lakh crore allocation aims to enhance infrastructure, create jobs, and benefit the steel industry. Emphasis on roads, railways, ports, and urban development will boost steel demand and productivity.
"We are the envy of the world in terms of our growth in GDP. We are the preferred destination of the world for investment because of the belief in our future," Mahindra said in a post on social media platform X.