Stock market update: Nifty Pharma index advances 0.94%
The Nifty Pharma index closed 0.94 per cent up at 21105.5.
The Nifty Pharma index closed 0.94 per cent up at 21105.5.
The museum, situated within the expansive Humayun's Tomb complex, is scheduled to open to the public on August 1.
The 30-share BSE Sensex closed down 109.08 points at 80039.8
Adani Energy Solutions recorded a Rs 824 crore net loss for June 2024, a shift from Rs 175 crore profit last year. Quarterly revenue rose 47% to Rs 5,379 crore from Rs 3,664 crore.
Employment in the country has seen a significant rise, increasing by more than 35 per cent over the last six fiscal years, reaching 64.33 crore as of March 2024, Parliament was informed on Thursday. Minister of State for Labour and Employment, Shobha Karandlaje, provided this information in a reply to the Rajya Sabha.
The Nifty Bank index closed 0.83 per cent down at 50888.75.
Nepal has a poor record on air safety, with over 360 deaths in airplane or helicopter crashes since 2000. The country's landlocked terrain, including eight of the world's 14 highest peaks, and the lack of flat terrain make navigation difficult. The Civil Aviation Authority of Nepal (CAAN) identified collision with terrain as the main risk, accounting for 93% of deaths in air accidents in the past decade.
A study released by the Securities and Exchange Board of India on Wednesday revealed that seven out of 10 intraday trades in the cash equity market made losses in the year ended March 2023.
Indian Navy leading seaman Sitendra Singh, who perished in a fire on INS Brahmaputra, was honored with a poignant farewell in his Rajasthan village on Thursday. A Tricolour march escorted his remains from Surajgarh-Chidawa bypass to Danger village. The procession, attended by hundreds, featured slogans and flower showers in tribute. The Indian Navy expressed deep condolences and honored Singh's sacrifice in a statement on social media.
IL&FS Invest, MMTC, RPP Infra Proj, Faze Three Ltd and Standard Ind, hit their fresh 52-week highs during the day.
Finance Minister Nirmala Sitharaman presented the Union Budget 2024, focusing on reducing the fiscal deficit, promoting clean energy, securing critical mineral supply chains, and decarbonizing MSMEs. Policies aimed at sustainable growth, including increased domestic manufacturing and support for the clean energy sector, were highlighted. Key measures involved tax changes, R&D spending, skill development, and creating a clean energy finance taxonomy.
Tech Mahindra reported a 23% year-on-year growth in consolidated net profit to Rs 851 crore for the June quarter, slightly below the expected Rs 892 crore. Revenue from operations declined 1% YoY to Rs 13,005 crore. Sequentially, profit after tax rose by 28% and revenue increased by 1%.
The Indian government will cover all future bond payments for Mahanagar Telephone Nigam Ltd. due to a liquidity crisis. The loss-making company has 426.8 billion rupees ($5.1 billion) of interest and principal repayments due on local-currency bonds guaranteed by the government by 2034. The government has already honored MTNL's bond payment this month.
Congress Rajya Sabha member Randeep Singh Surjewala criticized the Budget 2024-25, calling it a failure for farmers, youth, and the poor. He accused the Modi government of transforming the Minimum Support Price (MSP) into a source of "maximum suffering" for farmers, claiming that MSPs are not based on the 'C2 plus 50 percent' formula and that procurement is insufficient. Surjewala also pointed out unspent funds in agriculture schemes and rising input costs, emphasizing the budget's shortcomings in addressing key issues.
The yen rallied for a fourth day running on Thursday, reaching a a six-week high, as traders ditched their long-running bets against the currency and a plunge in global stocks drove investors towards traditionally safe assets.
The Canalys data, while not providing specific shipment figures for Apple, showed that the company's market share in China dropped to 14% in the second quarter of 2024, a decrease from 16% in the same quarter of 2023.
Shell companies at that address have acquired millions of restricted chips and sensors for military technology companies in Russia, many of which have been placed under sanctions by the U.S. government, according to an examination by The New York Times.
Due to the Kanwar Yatra 2024, schools and colleges in Uttar Pradesh's Muzaffarnagar, Saharanpur, and Meerut districts will be closed from July 26 to August 2. Haridwar in Uttarakhand will also see school closures from July 27 to August 2. These measures are designed to ensure the safety of students and accommodate the increased traffic from the pilgrimage. Adjustments to school schedules are also being made in other affected regions.
The FCA said on Thursday that CBPL, a gateway for customers to trade cryptoassets within the global Coinbase Group, voluntarily agreed in October 2020 to make improvements to its financial crime controls after a visit by the watchdog.
The US inflation rate has dropped from 9% to 3%, indicating a potential for the Federal Reserve to cut interest rates during the Federal Open Market Committee meeting next week. However, the Fed's current mindset means it is more likely to signal its intention to lower rates during the FOMC meeting on September 17-18. The Fed's hesitancy to cut rates is due to its lack of confidence that inflation will continue to decline to the 2% target, which could cause undue damage to employment and the economy.
NEET 2024 Result: The National Testing Agency (NTA) issued a revised NEET UG 2024 scorecard following a Supreme Court ruling on an ambiguous Physics question. The recalibration affected scores of approximately 4.2 lakh students and reduced the number of top scorers. The court's decision was based on an expert committee from IIT-Delhi identifying only one correct answer for the disputed question.
The Nifty Auto index closed 1.26 per cent up at 25627.35.
NEET UG Final Result 2024: The NTA issued the revised NEET UG 2024 scorecard after a Supreme Court directive addressed an ambiguous Physics question. This revision impacts scores of 4.2 lakh students, reducing the top scorers from 61 to 17. The Supreme Court confirmed paper leaks in Patna and Hazaribagh, and the CBI will continue its investigation. Counseling processes will proceed as planned.
Andhra Pradesh Chief Minister N Chandrababu Naidu announced that a CID probe will soon investigate irregularities in liquor sales during the YSRCP rule. This declaration was made while releasing a white paper on the excise policy adopted by the previous government.