The Ministry of Home Affairs established five new districts in the union territory, as announced by Union Minister Amit Shah. The districts, named Zanskar, Drass, Sham, Nubra, and Changthang, are intended to improve public service delivery and governance. This initiative is part of the government's commitment to developing Ladakh.
Trent Share Price: Tata's Trent shares rose 2% to Rs 7,090, hitting an all-time high, following its inclusion in the Nifty50 index. The stock is set for a $470 million inflow.
Shares of Interarch Building Products fell nearly 7% to Rs 1,203 on the BSE following a strong debut on Monday. The stock was initially listed at Rs 1,291.20 on the BSE, reflecting a 43.5% premium over the IPO price of Rs 900, and at Rs 1,299 on the NSE, marking a 44.3% premium.
A total of 101,010 shares changed hands on the counter till 11:26AM (IST)
Gopichand Thotakura returned to India, marking a historical moment as the country's second civilian in space, following Rakesh Sharma. He participated in Blue Origin's New Shepherd-25 mission. Thotakura emphasized the potential for more citizens to explore space and the role of India in future spaceflight programs involving common individuals.
The 30-share BSE Sensex was up 557.32 points at 81643.53
So, I would think that absolute potential in many of these stocks could be low from here on. And if the rupee also follows the decline of the dollar and actually appreciates, in that context that support could also reduce.
Last week, the Department for Promotion of Industry and Internal Trade (DPIIT) withdrew an office memorandum from September 2016 that extended the scope of a copyright rule to internet transmissions. This move is expected to strengthen the position of copyright owners, allowing them to negotiate better royalty rates.
The Relative Strength Index of the stock stood at 51.5 on Monday.
Defence Minister Rajnath Singh ended his US visit by acknowledging India's progress over the past decade and highlighting the Indian diaspora's role between India and the US. He also visited the National Civil Rights Museum and discussed defence cooperation and regional security with US Defence Secretary Lloyd Austin.
The company's growth -- it now has more than 900 million users -- has been driven partly by a commitment to free speech. Telegram's light oversight of what people say or do on the platform has helped people living under authoritarian governments communicate and organize. But it has also made the app a haven for disinformation, far-right extremism and other harmful content.
On the technical charts, the 200-day moving average of the stock stood at Rs 4002.39.
A long buildup, marked by rising open interest, trading volumes, and stock prices in Futures and Options, signals a bullish trend. On Monday, five stocks saw new long positions.
New credit card rules: HDFC Bank and IDFC FIRST Bank have updated their credit card terms and conditions. These new credit card rules come into effect in September 2024.
So, there are two plays. One, what has driven the speculative move in commodities? Has it been more about the dollar carry trade or the yen carry trade? So, it is a mixed picture. So, we cannot conclusively say at a time when China continues to slow down drastically and oversupply from China is coming into various commodity markets globally, the bigger impact is on chemicals, steel, etc. But in other metals also the impact is there. I do not expect a big rally in metals at this stage.
Krishna Janmashtami 2024: Observed with devotion, Krishna Janmashtami saw devotees around the world performing rituals respective to their zodiac signs. From Aries to Pisces, each sign engaged in unique practices, such as offering specific prasad and performing special pujas, to attract divine blessings, positivity, and prosperity, aligning with their characteristics.
Cathay Cargo sought permission to expand operations in India by co-terminating flights under the open sky policy. The company focused on India's robust economic growth, enhancements in infrastructure, and rising exports in sectors like pharmaceuticals, auto components, and electronics to justify this expansion strategy, reflecting a strong belief in the market's potential.
Bharat Heavy Electricals Limited (BHEL) announced a contract with AdPower Limited (APL) and its subsidiary Mahan Energen Limited (MEL) for developing three Supercritical Thermal Power projects worth over Rs 11000 crore, excluding GST. The agreement, signed on Sunday, entails the supply of critical equipment and supervision of the erection and commissioning processes for the projects.
Edelweiss Mutual Fund CEO, Radhika Gupta, pointed out that investing in the number one fund is futile due to its rapidly changing rank. She stressed the need for consistency over chasing top returns. Data showed significant shifts in fund rankings, making past performance an unreliable strategy. Websites still prioritize best discrete returns, creating unrealistic expectations.
Digitisation will reduce uncertainty regarding the ownership of a property and boost early-stage investments in residential real estate projects, experts said.
The NSE Nifty index was trading 156.95 points up at 24980.1
The NSE Indices Committee revealed its September 2024 adjustments, impacting indices like Nifty 50, Next 50, Nifty 100, and Nifty Bank. Notable changes include Trent and Bharat Electronics joining Nifty 50, while Divis Labs and LTI Mindtree exit. These modifications will cause considerable inflows and outflows for the involved companies.
A total of 1,294 shares changed hands on the counter till 11:01AM (IST)
Nestle ousted CEO Mark Schneider over concerns about weak sales growth and sluggish product development. Despite navigating the company through the pandemic and improving margins, his strategy faced criticism. Schneider's successor, Laurent Freixe, aims to prioritize organic growth and hopes to revitalize the company's performance in the coming years.