Shares of FMCG firm Marico, known for Saffola and Parachute, fell over 4% on Tuesday due to political turmoil in Bangladesh, where it earns 11-12% of its revenue. Despite this, Marico’s long-standing presence in Bangladesh suggests that the current challenges will have a limited impact on its competitive position.
Jio Financial Services Ltd. introduced the JioFinance app in Paris, enabling Indians to make international payments for Eiffel Tower tickets and Galeries Lafayette purchases. Visa has paired with the app for seamless transactions and easy financial management.
A total of 968,709 shares changed hands on the counter till 10:25AM (IST)
A suspected rocket attack on Al-Asad Airbase in western Iraq injured several US personnel on Monday, according to the Pentagon. The attack follows the recent killings of Hamas and Hezbollah leaders, which Iran has vowed to avenge. US Secretary of Defence Lloyd Austin and Israeli Defence Minister Yoav Gallant discussed the incident, deeming it a dangerous escalation by Iran-aligned militias. The US is taking measures to support Israel's defense, including deploying additional military assets and reinforcing... Читать дальше...
As of 30-Jun-2024, promoters held 30.3 per cent stake in the company, while FIIs held 15.08 per cent and domestic institutional investors had 25.34 per cent.
Shahin Chakladar, general secretary of Jashore district Awami League, owned the hotel targeted by arsonists. Deputy Commissioner Abrarul Islam confirmed the news of the arson attack. Two of the deceased were identified as Sejan Hossain (19) and Chayan (20). Harun-or-Rashid, a staffer at Jashore General Hospital, said that at least 84 people were undergoing treatment there, the majority of whom are students.
Vice President Kamala Harris will introduce her new running mate at a rally in Philadelphia on Tuesday evening. The choice of her running mate remains a mystery, with potential finalists including Pennsylvania Gov. Josh Shapiro, Arizona Sen. Mark Kelly, and Minnesota Gov. Tim Walz. Harris' campaign plans to announce the announcement via video message before the rally, similar to how Joe Biden revealed Harris as his vice presidential choice during the 2020 pandemic-marred race.
The operator of Copper Chimney, Bombay Brasserie, and The Irish House outlets hires Kotak Mahindra Capital, ICICI Securities to manage offering likely to be made early 2025
On the technical charts, the RSI of the stock stood at 58.09.
Vinod Kambli's Health(Google Trends): Vinod Kambli, a former Indian cricketer, was recently seen in a disoriented state requiring help from bystanders. He has been facing significant health problems since his cardiac attack in 2013. The video has worried his fans, who remember his contributions to Indian cricket, notably his partnership with Sachin Tendulkar.
Goldman sees Airtel’s growth sharply accelerating on the back of last month’s headline tariff hike and estimates the Sunil MIttal-led telco’s India business sustaining around 20% EBITDA growth for the foreseeable future.
If India has to compete in the global AI race, it may be a better approach for its startups to focus on building cost-effective applications and services instead of running after highly capital-intensive LLM models and GPU chips. The Indian path to AI innovation will be different to that of the US, Deepak Sharma, cofounder of seed stage startup accelerator India Accelerator told ET.
Bangladesh is facing a fluid political situation with the country's Prime Minister Sheikh Hasina resigning from her post in the wake of mounting protests. The protests, majorly by students demanding an end to a quota system for government jobs, took the shape of anti-government protests.
Olympics 2024 Hockey: India's hockey team is set to face 2023 World Champions, Germany, in the Paris Olympics 2024. The team has beaten Great Britain in a thrilling quarterfinal match and is now aiming to break the 44-year gap between reaching a hockey final and winning a gold medal. However, defender Amit Rohidas is not on the team due to a one-match ban by the International Hockey Federation. India's journey to the semifinals has been mixed, with draws, defeats, and victories.
On the technical charts, the 200-day moving average of the stock stood at Rs 788.95.
At least 135 people were killed in Bangladesh on Monday during unrest with police firings, mob beatings, and arson across the country, according to Dhaka Tribune. The country announced on Monday that the clashes between demonstrators and members of the Awami League claimed the lives of at least 96 people in police firings.
The company has distributed over 3 million stoves across India, Southeast Asia and Sub-Saharan Africa.
The violent overthrow of Sheikh Hasina has brought back memories of a similar tumultuous episode from the summer of 1981, when the then president of Bangladesh, Ziaur Rahman, was assassinated near Chittagong.
A total of 15,171 shares changed hands on the counter till 10:05AM (IST)
Akums Drugs and Pharmaceuticals' shares began trading at Rs 725, a 6.8% premium over the issue price of Rs 679, after an IPO that was subscribed 63.5 times. The company will use the IPO proceeds for debt repayment, working capital, and acquisitions. Revenue grew 14% in FY24, while profits saw a decline.
Gold October futures opened flat at Rs 69,302 per 10 grams, seeing a minor dip while silver September futures increased marginally. Ongoing volatility is expected due to geopolitical tensions and fluctuations in the dollar index, prompting cautious trading.
Three Nifty500 stocks appeared on the "White Marubozu" bullish scanner. This candlestick pattern shows strong buying pressure, with no upper shadow and a small lower shadow.
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 54.11 per cent and 12.52 per cent, respectively.
Aarti Industries Ltd saw a 52-week high above Rs 700 in April 2024 but remained rangebound. Experts advise high-risk short-term traders to target Rs 900 within 3-4 weeks. The stock showed signs of a breakout above Rs 760, with Rs 680 providing support.