Stock market update: Nifty IT index falls 0.16%
The Nifty IT index closed 0.16 per cent down at 41506.2.
The Nifty IT index closed 0.16 per cent down at 41506.2.
The Nagpur bench of the Bombay High Court ruled that persistent pursuit of a minor by an adult amounts to sexual harassment under the Pocso Act. A 28-year-old man was found guilty of harassing a 13-year-old girl in Amravati, and his appeal was dismissed, affirming his one-year sentence.
The NSE Nifty index closed 41.3 points up at 24811.5
Oprah Winfrey made a surprise appearance at the Democratic National Convention in Chicago, urging independent voters to support Kamala Harris for president. Winfrey emphasized values, character, and common sense, addressing issues like racism, sexism, and income inequality. She criticized Republican remarks about Harris and encouraged the nation to vote for decency and respect.
Indonesia's military is expanding significantly, with active personnel rising from 395,500 in 2014 to 404,500 in 2024. This growth, driven by President Joko Widodo's administration, marks a reversal of post-1998 reforms and reflects increased military influence in various sectors. Despite this personnel boost, development of maritime defense capabilities remains lacking. The Navy and Air Force face underfunding due to the heavy focus on personnel, impacting modernization efforts. Recent expansions... Читать дальше...
Long unwinding involves selling stocks held for an extended period, either to lock in profits or to exit in anticipation of a potential downturn. In Thursday's trading session, five stocks experienced this long unwinding trend.
Congress MP Rahul Gandhi addressed party workers in Srinagar, claiming that Congress has eroded PM Modi's confidence and given him psychological tension. He emphasized the party's priority to restore statehood to Jammu and Kashmir and Ladakh. Assembly polls in J-K are scheduled for September and October with vote counting on October 4.
A generative AI querying model called Ask has gone live, while Interact which will help summarise information and Draft which will help draft legal documents are in beta testing and work-in-progress stages, respectively, and will be live this fiscal, according to Lexlegis CEO Saakar Yadav.
Wipro Hydraulics has inaugurated its sixth manufacturing plant in Jaipur, Rajasthan with an investment of Rs 250 crore. The facility, which can produce 1,000 hydraulic cylinders daily, is aimed at meeting both domestic and international demand. This is part of Wipro Infrastructure Engineering’s expansion in the hydraulics manufacturing sector.
The Nifty Auto index closed 0.09 per cent down at 25563.65.
The bodies of a trainee pilot and his instructor were recovered from Jharkhand's Chandil dam after their Cessna 152 aircraft went missing following takeoff from Jamshedpur. The plane lost contact with air traffic control, prompting a major search operation involving the Indian Navy. The trainee, Shubhrodeep Dutta, and instructor, Captain Jeet Satru Anand, were found days later. The incident is under investigation by the Directorate General of Civil Aviation and other aviation authorities.
The work was stopped when workers noticed that five 1.5-meter (5-foot) pipes used to maneuver the robot were placed in the wrong order and could not be corrected within the time limit for their radiation exposure, the plant operator Tokyo Electric Power Company Holdings said.
Sanjeev Raina, a 1987-batch officer of the Indo-Tibetan Border Police (ITBP), has been appointed as Additional Director General (ADG) in the India-China LAC guarding force. This marks only the second time a non-Indian Police Service (IPS) officer has been elevated to this rank within the ITBP. Previously serving as Inspector General (IG) in Bhopal, Raina, 59, will retire next month after a brief tenure as ADG. His new role will oversee the western command of the ITBP, which manages deployments along the Line of Actual Control (LAC) in Ladakh... Читать дальше...
The Directorate General of Civil Aviation (DGCA) has suspended the approval for Bhopal-based International Aircraft Sales Pvt Ltd due to concerns about its adherence to regulatory standards. This decision follows an audit triggered by an aircraft crash on August 11 in Guna, Madhya Pradesh.
The NSE Nifty index closed 41.3 points up at 24811.5
Gaurav Kochar, Fund Manager at Mirae Asset, notes that current market valuations for large-caps and mid-caps are higher than historical averages but are supported by strong earnings growth forecasts. He expressed a positive outlook on financials, consumer discretionary, building materials, and pharma, while being cautious on auto, industrials, and IT sectors.
The 30-share BSE Sensex closed up 147.89 points at 81053.19
Radhika Gupta, CEO of Edelweiss Mutual Fund, has urged media and fintech platforms to stop focusing on one-year performance metrics in fund reports. Instead, she advocates for five-year rolling returns for a more accurate and reliable view of fund performance, which could lead to better investment decisions and outcomes for investors.
The Allahabad High Court has reserved its order on Aam Aadmi Party MP Sanjay Singh's bail plea related to a 2001 street protest case. Singh and five others were convicted earlier this year. Until the court's decision, Singh is not required to surrender before the Sultanpur court.
Karnataka Home Minister G Paramaeshwara has addressed allegations of document tampering involving a 2014 letter by Chief Minister Siddaramaiah's wife. An inquiry led by Justice P N Desai is ongoing, probing a land allotment 'scam'. Despite opposition calls for Siddaramaiah's resignation, the Congress government stands firmly by the Chief Minister.
Floods have stranded hundreds of thousands in India's northeast and eastern Bangladesh, with at least 15 deaths reported. Heavy rains in Tripura forced school closures and led to more than 300 relief camps for the displaced. Both countries are conducting rescue operations amid criticisms and challenges.
Parliamentary Affairs Minister Pijush Hazarika tabled The Assam Scheduled Castes and Scheduled Tribes (Reservation of Vacancies in Services and Posts) (Amendment) Bill, 2024 in the Assembly on behalf of Chief Minister Himanta Biswa Sarma, who also looks after the Personnel department.
Karnataka Chief Minister Siddaramaiah has demanded the resignation of Union Steel & Heavy Industries Minister HD Kumaraswamy, accusing him of approving 550 acres of forest land to an unregistered company and of involvement in a mining scandal. Siddaramaiah criticized Kumaraswamy for denying his role in the Mysore Urban Development Authority (MUDA) case, which Siddaramaiah claims involves forged signatures.