Новости за 08.08.2024

The Met office in Shimla has warned of heavy to very heavy rainfall, thunderstorms, and lightning in parts of Himachal Pradesh over the weekend. The forecast predicts low to moderate flash floods in specific regions due to active monsoon currents. Shillaroo recorded the highest rainfall since Wednesday. The ongoing monsoon has seen a 29% deficit, but August has experienced above-normal rainfall. Roads have been closed and power and water supplies disrupted. Rain-related incidents resulted in fatalities and financial losses in recent weeks.

R Gandhi, Former RBI Deputy Governor, noted that the Reserve Bank of India's conservative monetary policy aims to keep inflation near the target of 4% for stable growth. He highlighted the importance of steady inflation rates and mentioned signs of a pickup in private sector investments encouraged by the government and consistent infrastructure spending.

As of 30-Jun-2024, promoters held 51.5 per cent stake in the company, while FIIs held 7.79 per cent and domestic institutional investors had 2.38 per cent.

The Reserve Bank of India governor Shaktikanta Das urged caution in issuing personal loans for consumption, highlighting heightened risks in the unsecured segment. Despite pre-emptive regulatory measures, unsecured advances showed stress. Credit growth overall slowed down, emphasizing the need for stringent monitoring to avoid potential risks in the financial sector.

Buddhadeb Bhattacharjee, a former West Bengal chief minister, passed away at 80, noted for prioritising industrialisation over strict Marxist ideology. His tenure marked the end of a 34-year Left Front rule in 2011, as Mamata Banerjee's TMC capitalised on anti-land acquisition protests to oust his administration. He leaves behind his wife and daughter.

Pune reported eight new Zika virus cases, totaling 81 in the district. Pune city reported 73, Rural Pune six, and Pimpri Chinchwad two cases each. Six of the patients were pregnant women with normal anomaly scans. In Rural Pune, a 31-year-old with travel history to Hyderabad tested positive, while in Pune city, a 36-year-old man was affected by the virus.

Jamaica, known for producing elite sprinters like Usain Bolt and Shelly-Ann Fraser-Pryce, has become a field-event power with Roje Stona's gold in the discus throw at the 2024 Olympics. Stona set an Olympic record with his throw of 70 meters, following silvers for Wayne Pinnock in the men's long jump and Shanieka Ricketts in the women's triple jump. Jamaica's sprinters have only one medal so far in Paris.

China's steel market is facing challenges due to a prolonged property slump and a lack of relief from the government. Steel demand from construction is expected to shrink by 10% this year, reducing the sector's share of total consumption to around a quarter. Other areas are still expanding, but they are too small to offset the hit from property.

A total of 175,400 shares changed hands on the counter till 11:57AM (IST)

Research by Danube Private University in Austria revealed that drinking water from plastic bottles may elevate blood pressure due to microplastics. Their study in the journal Microplastics found blood pressure decreased significantly when participants consumed fluids not in plastic bottles. The study suggests avoiding plastic-packaged beverages to potentially lower blood pressure.

Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.

Even if the projected inflation is sliding to its target, its other aim – financial stability – could prevent it from turning easy on monetary policy. Especially, when the growth is resilient unlike in the US or Europe where predictions are for a recession, the RBI can keep a tight leash.

A total of 26,776 shares changed hands on the counter till 11:52AM (IST).

Bandhan Mutual Fund has introduced the Bandhan Nifty Bank Index Fund, an open-ended scheme tracking the Nifty Bank Index. The NFO is open for subscription until August 22 and will reopen on August 28.

Violent unrest broke out in England and Northern Ireland due to false claims about an asylum-seeker. The riots caused looting and attacks but faced widespread public condemnation. Far-right politicians urged stricter immigration controls, despite disinformation sparking the violence. Public opinion strongly opposed the rioters, suggesting possible long-term effects on political discourse.

The Reserve Bank of India stated that the current account deficit (CAD) will remain manageable for the fiscal year. Despite a widened trade deficit in Q1 2024-25, strong services exports and remittance receipts should help keep CAD sustainable. India's external debt to GDP ratio also improved, underscoring a strong external sector.

The Reserve Bank of India announced pivotal forecasts for FY24-25, maintaining the repo rate at 6.50% and forecasting inflation at 4.5% for FY25. GDP growth is projected at 7.2%. Highlights include the introduction of delegated payments in UPI and faster cheque clearance. Forex reserves reached $675 billion.

Lashing out at the BJP-led NDA government on the Waqf Amendment Bill, Samajwadi Party chief Akhilesh Yadav on Thursday said that in the disguise of amendments, BJP is trying to sell the lands of Waqf Board and instead of 'Janata' in BJP, they should add 'Zameen' in it.

Suzlon Energy shares surged 33% to Rs 73.04 since its Q1 FY25 results on July 22, driven by a 200% YoY profit jump to Rs 302 crore. Revenue rose 50% to Rs 2,016 crore, and EBITDA increased 86% to Rs 370 crore. The stock hit a 5% upper circuit today and has reached it 7 times in 13 sessions.

Former West Bengal chief minister Buddhadeb Bhattacharjee died on Thursday at his Kolkata home

A total of 4,728 shares changed hands on the counter till 11:47AM (IST)

Riots have broken out in several British cities following false information linking a local crime to an Islamist migrant. The violence, driven by far-right groups, targeted migrants and Muslims. Prime Minister Starmer condemned the unrest and introduced additional law enforcement measures to restore order. The government is also addressing the spread of misinformation online.

Indian wrestler Vinesh Phogat has taken her disqualification from the 50 kg category final at the Paris Olympics to the Court of Arbitration for Sport (CAS). Phogat was set to compete for the gold medal against Sarah Ann Hildebrandt from the United States when she was disqualified for exceeding the weight limit.

BSE's shares soared 11% to Rs 2,657 following a 181% YoY revenue increase for Q1 FY2024, reaching Rs 608 crore. However, net profit declined 40% to Rs 265 crore. The surge in revenue was attributed to higher member participation and new product launches, especially in the derivatives segment.