Unicommerce Esolutions Ltd announced a price band of Rs 102-108 for its IPO starting August 6, and listing on August 13. The IPO involves selling up to 25.6 million shares, with SoftBank and AceVector Group as key sellers.
Ishan Chatterjee left his position as managing director of YouTube India to become the chief revenue officer of JioCinema. This concluded his 13-year career at Google. Viacom18 also recently hired Sushant Sreeram from Amazon Prime Video as CMO. Both Chatterjee and Sreeram will report to Viacom18's CEO of digital ventures, Kiran Mani.
On the technical charts, the RSI of the stock stood at 55.13.
India's manufacturing sector experienced strong growth in July, driven by solid demand, despite high cost pressures. The Manufacturing PMI stood at 58.1, slightly lower than June's 58.3. Both new orders and output showed healthy growth, and exports increased at the second-fastest pace in 13 years. Rising costs may signal further inflationary pressures.
A total of 46,597 shares changed hands on the counter till 10:30AM (IST)
Hero MotoCorp, M&M, Sun Pharma, Tata Consumer and Eicher Motors were among the top losers on NSE.
At least 30 people went missing in Shimla's Samej Khad area due to a cloudburst, with rescue operations underway. Roads were washed away and a hydro power project damaged. Drones are being used to locate missing people. Another incident occurred in Mandi's Thaltukhod, Padhar subdivision, with one body recovered and 9 people still missing.
Square Insurance received $3 million in seed funding led by Negen Capital. The company said that the funding will boost their tech infrastructure, particularly focusing on cattle insurance and custom micro-insurance products.
A total of 4,462 shares changed hands on the counter till 10:25AM (IST).
The Nifty Auto index was trading 0.15 per cent up at 26725.45.
Vaanam, as part of its outreach, will reach out to schools and colleges and create ‘Space Clubs’ to inculcate space thinking amongst students and young people. Workshops too will be conducted as part of the club and a significant focus will be on space startups and entrepreneurs from Tamil Nadu.
Well, look, there is really no rush for them to lower interest rates. The economy is doing fine. The labour markets, as the Fed chair said a few times, the labour market is normalising and so he is not characterising the labour market as weakening.
On July 31, three Nifty50 stocks were identified in the RSI Trending Up scan by StockEdge, indicating an uptrend as their RSI crossed above 50.
A total of 437,912 shares changed hands on the counter till 10:15AM (IST).
The Nifty Bank index was trading 0.23 per cent up at 51673.05.
Elon Musk announced on Twitter that he would escort Venezuelan President Nicolas Maduro to Guantanamo Bay on a donkey, intensifying their online dispute. Maduro alleged Musk's involvement in cyberattacks on Venezuela's National Electoral Council. Musk accused Maduro of corruption, advocated for the opposition, and their conflict gained significant online traction.
PCOS diet for weight loss and blood sugar reduce: How to reduce blood sugar and weight for women with pcos
Indian government bond yields fell to a 28-month low after U.S. yields slid following Federal Reserve's dovish comments. The 10-year yield dropped to 6.9045%, its lowest since April 2022. U.S. investors expect rate cuts next year. India plans a bond sale worth 220 billion rupees soon.
Industrial production growth last month may have slowed to 4.8% year-on-year from 5.3% in June, and factory-gate prices may have extended their declines, the Caixin survey said.
A total of 1,304,744 shares changed hands on the counter till time (IST).
The NSE Nifty index was trading 84.8 points up at 25035.95
Aprameya Engineering’s shares listed on the NSE SME platform at Rs 72, a 24% premium over the issue price of Rs 58. The fresh equity sale of 50.4 lakh shares was oversubscribed by over 150 times. Funds raised will support working capital and corporate needs. The company specializes in healthcare infrastructure and equipment supply for hospitals.
The BCCI had recently disbursed Rs 1 crore for the medical expenses of Gaekwad, who was getting treated in the Kings' College Hospital in London. Anshuman Gaekwad, who served Indian cricket as a player, coach and selector, succumbed to blood cancer on Saturday night.
The stock quoted a 52-week high of Rs 3079.2 and a 52-week low of Rs 2068.45.