Netflix confirmed the second season of its crime thriller "Kohrra," featuring Barun Sobti and new addition Mona Singh. Set in Punjab, the series will continue to explore murder mysteries, family dynamics, and personal secrets. Showrunner Sudip Sharma will direct and produce, marking his debut in these roles. The first season premiered in July 2023.
Jayanth Rama Varma — an academic whose four-year term as an external member on the monetary policy committee comes to an end in early October — said over the past year or so, “food inflation has consisted largely of transient spikes that do not spill over into core inflation.”
The stock traded at a P/E multiple of 46.12, while the price-to-book value ratio stood at 11.32.
The green building market in India generated $29.2 billion in 2022, with a 7.5% CAGR from 2017 to 2022. However, a lack of awareness about the tangible benefits of green buildings is a challenge, says Arun Awasthy, President and Managing Director of Johnson Controls India.
A total of 1,284 shares changed hands on the counter till 10:25AM (IST).
The Nifty IT index was trading 0.44 per cent up at 41846.6.
Apple announced the iPhone 16 series and other new devices on September 10. The lineup includes a 'Capture Button,' larger displays for Pro models, and enhanced AI with the A18 chip. The event also revealed the Apple Watch Series 10 and new AirPods. Apple maintains its tradition of fall product launches.
A total of 844 shares changed hands on the counter till 10:20AM (IST).
Harsha Upadhyaya of Kotak AMC highlighted that a U.S. Fed rate cut could have limited impact on Indian markets, as this possibility may already be considered. He suggested that India's rate cuts might occur post-December or in 2025, with the current market reflecting these expectations. The interest rate climate usually favors valuations and sensitive sectors.
Kevan Parekh, with over ten years at Apple, was named the new CFO, succeeding Luca Maestri. Parekh, who brings previous experience from Thomson Reuters and General Motors, will take over on January 1, 2025. The change comes ahead of Apple's fall event, where it is expected to reveal new iPhone models with AI features.
On the technical charts, the 200-day moving average of the stock stood at Rs 2414.88.
PSU mutual funds, which had previously shown strong returns, have recently experienced a performance dip, with a 4.34% return over the past three months. Financial experts advise investors with a 4-5 year horizon to consider these funds for better potential returns, highlighting the importance of a long-term perspective.
These people should be well-funded and paid and incentivised to come and work in the public sector when I also have a growing private sector, which is taking a large amount of my skill base away and therefore, I feel that this decision is in line with that strategy that we should incentivise good people to work in the government but have a smaller government.
Gold and silver futures exhibited high volatility, driven by U.S. economic data and Federal Reserve comments. Gold October futures opened at Rs 71,807, while silver September futures reached Rs 85,410/kg.
A total of 20,888 shares changed hands on the counter till 10:10AM (IST)
The 30-share BSE Sensex was up 99.39 points at 81797.5
The rupee fell by 8 paise to 83.95 against the US dollar due to elevated crude oil prices and a weak domestic equity market. Brent Crude remained above USD 80 per barrel amid geopolitical tensions. The Reserve Bank's active market interventions have bolstered India's forex reserves by nearly USD 5 billion, providing some stability.
Anil Ambani's Reliance Power shares fell 5% for the third consecutive day after SEBI barred Ambani from the securities market due to fund siphoning allegations. Shares of Reliance Home Finance and Reliance Communications also dropped. Despite Ambani’s resignation, Reliance Power claimed the SEBI order does not impact its operations.
India has successfully developed its own indigenous RT-PCR testing kit to combat Monkeypox. The kit, created by Siemens Healthineers, has received manufacturing approval from the Central Drugs Standard Control Organisation (CDSCO).
India has successfully developed its own indigenous RT-PCR testing kit to combat Monkeypox. The kit, created by Siemens Healthineers, has received manufacturing approval from the Central Drugs Standard Control Organisation (CDSCO).
A total of 8,894 shares changed hands on the counter till 10:05AM (IST).
The Nifty Bank index was trading 0.18 per cent up at 51238.65.
As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon.
Bank of Baroda shares declined more than 15% from their June 2024 highs yet appear to have stabilised above Rs 230. Analysts recommend buying if the price exceeds Rs 260, aiming for Rs 300. The stock demonstrated consistent support at the 200-day EMA, despite being below various short-term moving averages.