Tata Power shares up 0.26% as Nifty gains
The stock quoted a 52-week high price of Rs 470.85 and low of Rs 230.75.
The stock quoted a 52-week high price of Rs 470.85 and low of Rs 230.75.
Chakri Lokapriya highlighted the strong footing of PSU banks with improving net interest margins and loan growth rates. He mentioned Canara Bank and State Bank of India as top picks. The real estate sector also saw significant gains, while the pharma sector continued to benefit from product innovation. Recent IPOs like Premier in the solar industry caught attention.
State Revenue Minister Krishna Byre Gowda revealed upcoming reforms in land registration aimed at easing governance and reducing wait times. Starting September 2nd, registrations can be done at any sub-registrar office within a district. The state is also considering reinstating a ban on non-agriculturists purchasing farmland, reversing 2020 changes made by the previous government.
The company would focus on footwear, fertilisers, food, drone technology, synthetic textiles, solar in the coming years, creating huge job opportunities, Vice- Chairman and Managing Director J Rafiq Ahmed said.
Severe rains have caused widespread flooding in Gujarat, leading to casualties, multiple missing persons, and mass evacuations. The state is on high alert with ongoing rescue efforts amid significant disruption.
A total of 13,485 shares changed hands on the counter till 11:06AM (IST).
A 35-foot statue of Chhatrapati Shivaji Maharaj in Sindhudurg collapsed on Monday. Maharashtra Minister Deepak Kesarkar expressed sadness over the incident and proposed constructing a new 100-foot tall statue to replace it. He indicated plans to discuss the project with the Chief Minister and Deputy Chief Minister, along with preparing the necessary estimates.
A total of 5,864 shares changed hands on the counter till 11:00AM (IST).
Tata Group stocks corrected up to 37% from their 52-week highs after strong rallies last year. Tata Investment Corporation led the decline, followed by Automotive Stampings, Tata Technologies, and Trent Limited. Experts noted these stocks could regain previous highs due to solid fundamentals and market stabilization.
Hong Kong's new sex education guidelines discourage premarital sex by suggesting diversions like badminton. Critics argue the materials are regressive, stereotype-based, and inadequate. Officials stress the importance of controlling impulses. Teenagers reacted by using the advice to create new slang. The guidelines aim to instill moral responsibility in young people for their future.
In the Nifty pack, 22 stocks were trading in the green, while 28 stocks were trading in the red.
Philippine Defense Secretary Gilberto Teodoro Jr. has criticized China as "the biggest disruptor" of peace in Southeast Asia, following a recent incident where China blocked Philippine vessels from delivering supplies to a Philippine Coast Guard ship at Sabina Shoal. Speaking at an international military conference in Manila, Teodoro called for stronger international actions against China's aggressive behavior in the South China Sea.
A total of 16,584 shares changed hands on the counter till 10:51AM (IST).
The 30-share BSE Sensex was down 1.7 points at 81696.41
A total of 218,508 shares changed hands on the counter till 10:45AM (IST).
The 30-share BSE Sensex was up 62.82 points at 81760.93
The Relative Strength Index of the stock stood at 36.97 on Tuesday.
Forbes Asia has unveiled the fourth annual edition of its '100 to Watch' list, highlighting emerging small companies and startups from the Asia-Pacific region.
Forbes Asia has unveiled the fourth annual edition of its '100 to Watch' list, highlighting emerging small companies and startups from the Asia-Pacific region.
"The Hema Commission report exposing the sexual assaults in the Malayalam film industry has left me thinking why is Bengali film industry not taking similar steps? So many reports that came up are similar to experiences I had or some actress I know did," Ritabhari said.
The Nifty Realty index was trading 0.79 per cent up at 1044.2.
The Union Budget 2024 has reformed the tax structure for International Fund of Funds (FoFs) to a 12.5% long-term capital gains tax if sold post 24 months. With assets under International FoFs surging significantly, investors may consider global equities for diversification and reducing market-specific risks.
Meta has partnered with Sage Geosystems to acquire geothermal power for its U.S. data centers. The 150-megawatt project, set to commence by 2027, aims to support Meta's growing AI infrastructure. This collaboration signifies a substantial advancement in geothermal energy in the U.S., highlighting Meta's commitment to sustainable energy sources.
Shilpa Medicare, held by Madhusudhan Kela and Sunil Singhania, has returned 45% since its QIP allotment four months ago. Singhania's Abakkus Diversified Alpha Fund-2 received 6 lakh shares, while Kela’s Cohesion MK Best Ideas Sub-Trust was allotted 8.79 lakh shares.
Adani Power has incorporated a new subsidiary, Adani Power Middle East Ltd, in Abu Dhabi to invest in power and infrastructure sectors. The new subsidiary, entirely owned by Adani Power, has an authorized capital of USD 27,000. Adani Power continues expanding its power projects, recently signing a significant contract with BHEL for supercritical thermal power projects.