Reliance Industries Ltd will consider issuing 1:1 bonus shares to investors on September 5. This move recognizes the company's robust growth over recent years. Historically, the company has issued bonus shares five times since 1980. Analysts believe this will enhance liquidity and expand the investor base.
Aston Martin has introduced the new Vantage, priced at Rs 3.99 crore. Its 4.0-liter V8 Twin Turbo engine delivers 665PS and 800Nm, accelerating from 0 to 60mph in 3.4 seconds. The car features advanced dynamics, luxury interiors, and cutting-edge technology. Deliveries are expected by the last quarter of 2024.
The company has been heavily investing to integrate its AI technologies into existing products, such as its messaging platform Slack, to enhance their capabilities and attract more customers.
M&M, Grasim Inds., JSW Steel, Dr. Reddys and Kotak Bank were among the top losers on NSE in today's trade.
Earlier this month, X announced it would close its operations and fire its staff in Brazil due to what it called "censorship orders" from Moraes, while adding the firm's service would remain available for users in Brazil.
The Nifty Auto index closed 0.54 per cent up at 26020.4.
The DGCA has fined Air India Express Rs 10 lakh for not paying compensation to passengers of cancelled flights. During an inspection, the airline was found to have violated norms concerning compensation. A subsequent show cause notice revealed non-compliance, leading to the penalty.
The Indian Tea Association (ITA) and UNICEF have launched a programme to combat child trafficking in 30 tea estates in North Bengal. The initiative aims to protect 50,000 children by building capacities of estate managers and welfare officers. The project includes legal literacy clinics and awareness sessions on various social issues.
Ganesh Chaturthi 2024, celebrating the birth of Lord Ganesha, will begin on September 6 and continue until September 17. The auspicious time for welcoming Lord Ganesha starts at 03:01 PM on September 6. Rituals include Pranapratishtha, Shodashopachara, Uttarpuja, and Visarjan puja, with Modak being the special prasad offered to Lord Ganesha.
The Nifty IT index closed 0.47 per cent up at 42591.65.
Kaivalya Vohra, 21, tops the Hurun India Rich List 2024 as the youngest billionaire. Co-founder of Zepto, he and his partner Aadit Palicha revolutionized quick commerce during the Covid pandemic.
India's monsoon rains are expected to extend into late September due to a developing low-pressure system, potentially disrupting the usual withdrawal pattern. This prolonged rainfall could damage summer-sown crops like rice, cotton, soybean, corn, and pulses, which are typically harvested in mid-September.
The Nifty Realty index closed 0.16 per cent down at 1034.5.
Borrowers in non-metro regions, including rural, semi-urban, and urban areas, are becoming more credit-conscious than their metro counterparts. Credit monitoring among these areas has surged by 57% in 2023-24, according to TransUnion CIBIL. Young borrowers, particularly Gen Z and Millennials, are leading this trend. States like Kerala, Tamil Nadu, and West Bengal show significant growth.
The historic city of Samarkand in Uzbekistan will host the UNESCO General Assembly in 2025, marking the first time since 1985 that this key event is held outside of Paris. This move emphasises the importance of global cultural and historical heritage preservation, recognizing Samarkand's role in world civilization.
The company said it plans to appeal against the demand orders passed by the Assistant Commissioner of GST and Central Excise, Nungambakkam Division, Tamil Nadu and Assistant Commissioner of Revenue, Government of West Bengal.
In the first quarter of FY25, 73% of employers in India actively hired, a 7% increase from the previous quarter, according to the Indeed Hiring Tracker. The focus was on sales and marketing roles, which comprised 30% and 23% of new hires, respectively. The demand for IT roles remains strong, with data analysts, data engineers, and data scientists in high demand due to ongoing digital transformation.
Federal Reserve Chair Jerome Powell signaled a shift from inflation to employment, suggesting the Fed does not seek further cooling in the labour market. However, a slow hiring environment is expected to persist into next year. Factors impacting hiring include corporate cost management and sector-specific revenue pressures.
NBCC has successfully sold commercial space worth Rs 14,800 crore at its World Trade Centre project in Nauroji Nagar and Sarojini Nagar Downtown, New Delhi. This revenue will facilitate the completion of the redevelopment of seven Delhi colonies. Notably, both PSU and private entities have acquired sizeable portions of the commercial space.
SmilePay is the first-of-its-kind payment solution in India, utilizing advanced facial authentication technology built on the UIDAI’s Bhim Aadhaar Pay.
Union Minister Nitin Gadkari urges road safety reforms, highlighting the heavy toll of road accidents and advocating for holding guardians accountable for reckless driving. New median designs and additional foot over bridges are planned, along with safety audits and better emergency response guidelines.
The 30-share BSE Sensex closed up 349.05 points at 82134.61
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