Leaders of the INDIA bloc parties had this morning held a protest against the Central government outside the Makar Dwar to press for the rollback of 18 per cent Goods and Services Tax (GST) on life and health insurance premiums.
US economic data released on Monday suggested that a recession isn't imminent. The July ISM Services PMI exceeded economists' expectations, registering at 51.4% (up from 48.8 in June and matching the forecast of 51.4), indicating sector expansion for the 47th time in 50 months. The inflation gauge within this data also surprised to the upside, further easing recession concerns.
See, the process is that shortlisted bidders who have been considered fit and proper from the RBI, they will be sort of doing the due diligence process under the non-disclosure undertaking, that means a deeper analysis on the banks and other things following which after the documentation and the draft terms and conditions are agreed upon, then only the financial biddings will be sought from the shortlisted bidders.
Tata Power plans to aggressively promote solar rooftop adoption through its extensive network of over 700 channel partners and retailers to cover the pan-India market. The company has installed over 1 lakh home chargers and 5,600 public chargers across India, the statement said.
As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.
The National Highways Authority of India (NHAI) has successfully prepaid a debt of Rs 15,700 crore from 2023-24 monetisation proceeds, resulting in an estimated interest savings of around Rs 1,000 crore. The NHAI plans to monetize projects worth Rs 15,000-20 crore through infrastructure investment trust (InvIT) in 2024-25, aiming to reduce its overall debt liability to around Rs 3,00,000 crore by the end of fiscal 2025.
Congress MP Manish Tewari expressed concern over political instability in South Asia during a Lok Sabha session, highlighting recent turmoil in Bangladesh. He emphasised India's special relationship with Bangladesh and urged the government to outline steps taken to ensure regional stability. Tewari also raised concerns about political unrest in Myanmar, Sri Lanka, Maldives, and Pakistan, as well as China's growing presence in the Indian Ocean. He called for proactive measures to address potential impacts on India.
Bangladesh Unrest: Intelligence agencies have linked Pakistan's ISI and Chinese interests to the protests that led to Sheikh Hasina's resignation in Bangladesh. The student wing of Jamaat-e-Islami, Islami Chhatra Shibir (ICS), played a pivotal role, with evidence of training in Afghanistan and Pakistan. China's Ministry of State Security has also been active in propaganda efforts. Amid the turmoil, the Students Against Discrimination movement has proposed Nobel laureate Mohammad Yunus as head of an interim government... Читать дальше...
A total of 9,499 shares changed hands on the counter till 02:00PM (IST)
Absolute Sports, a segment of Nazara Technologies, purchased Deltias Gaming for $900,000. This acquisition boosts Absolute Sports' reach to over 5 million gaming enthusiasts in the US. Nazara has recently acquired several companies, including Comic Con India
Mutual fund taxation after Budget 2024: Union Budget 2024 has significantly overhauled capital gains tax on various assets, including mutual funds. The holding periods for short-term and long-term capital gains have been rationalised to 12 and 24 months, respectively. Additionally, the indexation benefit on long-term capital gains has been removed, leading to a uniform tax rate of 12.5% for all asset classes. Short-term capital gains tax on equities and equity-oriented funds has been hiked to 20%. Читать дальше...
Dosa types: Masala dosa is made with a spicy filling of boiled potatoes, onions, mustard seeds, curry leaves and turmeric, making it a delicious meal.
As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.
Approximately 36 ELSS funds have been operating over the past three years.
Political unrest in Bangladesh caused shares of Saffola edible oil producer Marico to drop over 4%, as the company generates 11-12% of its revenue from the country. Several other companies with operations in Bangladesh, including Pearl Global Industries, Emami, Bayer Corp, GCPL, Britannia, Vikas Lifecare, Dabur, Asian Paints, Pidilite, Jubilant Foodworks, and Bajaj Auto, could also be affected by the ongoing turmoil.
As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.
Ajay Srivastava discussed the challenges and strategies in stock market investment, emphasizing the importance of selecting and selling stocks wisely amid current market volatility. He noted the growth potential in the insurance sector and cautioned against certain PSU and overpriced chemical stocks, advocating for long-term investment in fundamentally good stocks.
The Ceigall India IPO share allotment was determined, with shares given out through a lottery system overseen by Link Intime India. Investors could verify their allotment status on the BSE or the registrar's website. Scheduled to list on August 8, the IPO received a subscription of 13.78 times from investors.
The Relative Strength Index of the stock stood at 46.59 on Tuesday.
By 11:57 am, the offering had received bids for 2,499,360 shares, which is about 5% of the total 4,963,9004 shares available. Retail investors filled 23% of their allocated quota, while non-institutional investors filled 3%. Qualified institutional buyers did not participate in the bidding at this time.
The Central Bureau of Investigation (CBI) has registered an FIR against Hindalco Industries and its former Director on charges of corruption. The FIR was filed on July 19 and involves Dr. T Chandra, the then Director of the Ministry of Environment, Forest and Climate Change (MoEF), and several others.
The stock quoted a 52-week high price of Rs 470.5 and a 52-week low of Rs 262.1.
Urging the government to resolve the matter, the International Air Transport Association (IATA) said it is disappointed that the Directorate General of GST Intelligence (DGGI) has proceeded to issue show cause notices to some foreign airlines operating to India despite a number of representations made by the industry on this matter.
Urging the government to resolve the matter, the International Air Transport Association (IATA) said it is disappointed that the Directorate General of GST Intelligence (DGGI) has proceeded to issue show cause notices to some foreign airlines operating to India despite a number of representations made by the industry on this matter.
India's central bank might start a rate-cutting cycle in December, potentially reducing rates by 100 basis points by March 2026, according to Bank of America's Vikas Jain. With inflation easing and core inflation at a near-record low, a 25-basis-point cut is expected initially. Jain predicts a 10-year bond yield drop to 6.70% and advises buying on price corrections.