Stock market update: Nifty Pharma index advances 2.2%
The Nifty Pharma index closed 2.2 per cent up at 22036.95.
The Nifty Pharma index closed 2.2 per cent up at 22036.95.
The parents of the children were worried about the safety of their children ever since the neighbouring country plunged into turmoil. They had even approached public representatives to bring their children back home. A few students said they had been unable to contact their parents as the communication network was disrupted. The Indian Embassy helped these students return home safely, the authorities said.
Asia's richest man Mukesh Ambani has drew nil salary from Reliance Industries for the fourth consecutive year, while his children earned a sitting fee and a commission for being on the board of India's most valuable company. Ambani had capped his annual remuneration at Rs 15 crore from 2008-09 to 2019-20. Since FY21, he opted to forego his salary due to the COVID-19 pandemic. In 2023-24, he received 'nil' salary, allowances, perquisites, and retiral benefits.
According to Dr. Paudiwala, the issue began with the athlete's usual dietary regimen. "Vinesh's nutritionist had recommended a total intake of 1.5 kg of food throughout the day to ensure adequate energy for the bouts. However, after three intense matches, there was a concern of rebound weight gain following the competition. To prevent dehydration, some water was administered," Dr. Paudiwala explained.
Tata Motors launched its new EV, the Curvy.ev, on Wednesday, marking its fifth electric vehicle since entering the battery-operated vehicle market in 2020. The SUV coupe features premium segment attributes and is priced at ₹17.49 lakh for the 45kWh battery and ₹19.25 lakh for the 55kWh battery.
Former Bangladesh prime minister Khaleda Zia has received a renewed passport after being released from prison. Sentenced in 2018 for graft, Zia was released following the resignation and flight of Sheikh Hasina. Her release came via an executive order after Hasina's government collapsed. Zia's secretary collected her new passport.
Indian authorities initiated a document search, revealing that Messe Stuttgart, founded in October 1918, is among the world's earliest trade fair companies. The search, prompted by registering a subsidiary in India, unveiled the exact founding date and predecessor, Stuttgarter Handelshof AG. The company aims to promote industry, culture, and science through exhibitions and events, aligning with its historical mission. The search confirmed the legitimacy of its Indian subsidiary registration.
Roche had paid $1.9 billion for New-York based Flatiron Health in 2018 to speed its development of cancer medicines and support its efforts to price them based on how well they work.
Vinesh Phogat, a 29-year-old Indian female wrestler, has been disqualified for weighing 100 grams more than the permissible limit in the 50 kg women's wrestling at the Paris Olympics. The decision comes as Phogat had been making Indians dream of a record gold medal in the Olympics if she won the final wrestling match in the 50 kg category. She has nearly 15 medals in international championships, including Asian Games, Commonwealth Games, and World Championships.
The summer of this year saw a spike in ground-level ozone in the air in ten Indian metropolitan centres, with Delhi being the most affected
Opposition parties demand Waqf (Amendment) Bill be sent to Parliament's standing committee for scrutiny after introduction, while the government will wait for Business Advisory Committee's decision based on Lok Sabha's sentiment. Official sources confirm government won't push for Bill's passage after introduction. Congress, Samajwadi Party, and Trinamool Congress representatives advocate sending the bill to the standing committee due to opposition from Muslim organizations, despite the committee not being formed yet.
The Nifty Realty index closed 1.83 per cent up at 1018.95.
Delhi's government introduced the Towards Zero Fatality District Plan to reduce road accident deaths. The strategy included the ‘Platinum Ten Minutes, Golden Hour approach’, aimed at faster ambulance response. The plan involved mapping ambulance services, pinpointing accident hotspots, and enhancing traffic safety through engineering improvements.
Marico stated that most of its retail sales force and distributors in Bangladesh had resumed operations after a short break. The company anticipated the restart of its manufacturing soon. Marico underlined its commitment to the safety of its employees and stakeholders. The company's shares fell due to political unrest in Bangladesh.
India's wrestling medal hopeful Antim Panghal suffered a devastating 0-10 defeat against Turkish wrestler Yetgil Zeynep in the women's 53 kg category at the Paris Olympics, being outclassed in just over a minute. Zeynep showcased dominance with technical superiority, scoring two points with a pin, followed by additional points, leaving Antim emotional. Antim may still have a chance through repechage if Zeynep reaches the final.
The Competition Commission of India requested a response from Apple regarding findings that claim its App Store policies violate fair trade norms. Apple is accused of exploiting its dominant market position and enforcing unfair billing practices. The investigation followed complaints, and a final order will be decided after further hearings.
Godrej Consumer Q1 Results: Godrej Consumer reported a 41% rise in consolidated net profit, reaching Rs 451 crore for the first quarter ending June 2024, compared to Rs 319 crore in the previous year. However, revenue from operations declined by 3% to Rs 3,332 crore. An interim dividend of Rs 5 per share is set to be paid by September 6.
The Nifty Bank index closed 0.75 per cent up at 50119.0.
Consolidated revenue from operations stood at Rs 3,427.82 crore in the first quarter as against Rs 3,196.06 crore in the year-ago period, the company added.
The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL 10 Year Gilt Index before expenses, subject to tracking errors. The creation unit size for the scheme shall be 25,000 units and in multiples thereof.
The 30-share BSE Sensex closed up 874.94 points at 79468.01
About 50 per cent of global brands have greater than USD 30 million in revenue in India, the study E-Styling India: Decoding India's Online Fashion and Lifestyle Shopping Trends, said.