Sports and music tourism will soon represent a $1.5 trillion economy
A study by Collinson International Ltd. found a surge in sports and music tourism, predicted to become a $1.5 trillion industry by 2032.
A study by Collinson International Ltd. found a surge in sports and music tourism, predicted to become a $1.5 trillion industry by 2032.
SBI Chairman Dinesh Kumar Khara highlighted the bank's balance of stakeholder interests and profitability. He expressed satisfaction with their current growth and future goals, including a profit target of one trillion after tax. Khara addressed the rise in loan loss provisions and emphasized continued focus on corporate credit growth and loan book expansion.
On the technical charts, the 200-day moving average of the stock stood at Rs 4251.79.
NOCIL Ltd, in the specialty chemical sector, saw a nearly 20% rally in the last 3 months, reaching a new record high in August 2024, indicating that the bullish trend may persist. Experts suggest short-term traders target Rs 370 over the next 3-4 weeks.
Mid cap schemes invest in mid cap stocks or in stocks of medium-sized companies. As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
Preparations for FAME III, the next phase of India's initiative to boost electric and hybrid vehicle adoption, are nearly finished. The scheme has seen significant achievements in its previous phases, including substantial support for electric vehicles and charging infrastructure. The Ministry of Heavy Industries continues its efforts to promote electrification of transportation.
India's automobile retails grew 13.8% annually in July, driven by double-digit growth in most segments except tractors. Despite a 14% rise in passenger vehicle sales due to new launches, inventory levels hit a historic high, posing risks to dealers. FADA urges OEMs and financial institutions to exercise caution amid economic uncertainties.
Light industries, such as food and beverage manufacturing, contribute significantly to emissions and need new, effective solutions. Innovation in energy storage is also essential due to increased renewable energy usage.
Domestic markets lost their eight-week winning streak due to weak global cues. Analysts advised that robust returns could be achieved by investing in specific stocks like Divi's Labs, IRCTC, and Sandhar Tech, which showed potential due to favorable trading patterns and breakout levels. Market resilience would be tested by strong domestic liquidity and a better macroeconomic outlook.
Jammu and Kashmir's security grid is on alert for the fifth anniversary of the abrogation of Article 370. Security forces have been instructed to avoid convoy movements on August 5, including those for Amarnath pilgrims. The Centre revoked Article 370 on August 5, 2019, and bifurcated Jammu and Kashmir into two union territories. Political parties in Jammu and Kashmir denounce the abrogation, while the BJP plans events to mark the day. The advisory highlights concerns over potential terror attacks on the anniversary.
On August 2, StockEdge.com's scan revealed eight NSE stocks with market caps over Rs 1000 crore that closed above their 200-day DMA, signaling an overall uptrend.
JK Lakshmi Cement Ltd. key Products/Revenue Segments include Cement, Clinker and Other Operating Revenue for the year ending 31-Mar-2023.
Olympics 2024 Hockey: India's men's hockey team has been handed a one-match suspension by the International Hockey Federation (FIH) for a breach of conduct. The suspension affects match No. 35 (India's semi-final match against Germany), where Rohidas will not participate. Rohidas was given a red card for an attempt to intentionally injure a player, resulting in a video referral.
Sensex and Nifty plummeted as US recession fears caused investors to retreat from risk assets. Sensex opened over 2,400 points down, while Nifty fell below 24,300. All major sectoral indices were in the red, driven by economic uncertainties and geopolitical issues. Market capitalisation dropped by Rs 10.24 lakh crore.
Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 364524.15 Crore) operating in Auto sector.
In a bear put spread, you buy a put option with a higher strike price and sell a put option with a lower strike price. The goal is to profit from a decline in the stock price, ideally bringing it to or below the lower strike price at expiration.
Rescue and relief operations in Kerala's Wayanad have entered their seventh day following devastating landslides on July 30. The death toll stands at 308, with 220 bodies recovered and 180 people still missing. Authorities have set up 53 camps, housing 6,759 people, including 1,983 families and 20 pregnant women. The Kerala government has implemented night patrols and restricted access to affected areas. The Indian Air Force has provided radars to aid search operations. A mass burial for unidentified... Читать дальше...
Escorts Kubota Ltd., incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 43151.78 Crore) operating in Auto sector.
The anti-discrimination student movement organized a "March to Dhaka" to demand the resignation of Prime Minister Sheikh Hasina and her cabinet. Initially set for Tuesday, it was moved to Monday. Amid escalating violence and widespread unrest, Sheikh Hasina encouraged dialogue with students at Gono Bhaban. The protests are marked by growing casualties.
Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 307382.64 Crore) operating in Gems and Jewellery sector.
North Korea has unveiled a new tactical ballistic missile system, with 250 launchers, at a ceremony overseen by Kim Jong Un in Pyongyang on August 4. The system, possibly the "Hwasong-11" launcher, is expected to be deployed near the South Korean border. Kim emphasized North Korea's enhanced nuclear readiness in response to US-led alliances. The event follows recent North Korean missile tests and international condemnations of its missile programs, as well as a new strategic partnership treaty with Russia.
The Indian rupee’s status shifted from emerging Asia’s best-performing currency to one of the worst this quarter, driven by stock outflows and high dollar demand. Analysts forecast further depreciation, especially if the Reserve Bank of India turns dovish. Despite RBI’s stabilizing efforts, the currency is anticipated to weaken gradually amidst ongoing market pressures.
Tube Investments of India Ltd. key Products/Revenue Segments include Metal Products, Others, Other Products, Scrap, Service Income, Other Operating Revenue and Conversion Charges for the year ending 31-Mar-2024.
Max Healthcare Institute Ltd., incorporated in the year 2001, is a Small Cap company (having a market cap of Rs 89056.33 Crore) operating in Hospitals & Allied Services sector.
Today is the last day to buy shares of Grasim Industries, Ipca Laboratories, and 10 other companies to qualify for dividends, with August 6 as the record date. Dividends go to those listed on the record date. Under the T+1 framework, the record and ex-dates usually align, unless affected by a market holiday.