Rupee declines tracking weakness in regional peers
"The expectation that the Reserve Bank of India will intervene around 84 is capping decline on rupee and preventing long bets on the dollar," said a forex trader at a private sector bank.
"The expectation that the Reserve Bank of India will intervene around 84 is capping decline on rupee and preventing long bets on the dollar," said a forex trader at a private sector bank.
The Anand Vihar RRTS project is almost complete, with trial runs from Sahibabad scheduled for November. This 14-km leg will feature three new RRTS stations, integrating seamlessly with existing transport hubs. The full Delhi-Ghaziabad-Meerut corridor is expected to be operational by June 2025, enhancing commuter convenience.
Haryana MLA Devender Singh Babli, elected from the Jannayak Janata Party, has joined the BJP ahead of the upcoming assembly polls. Along with him, Sunil Sangwan and Sanjay Kablana have also joined the BJP. The party aims to strengthen its position in Haryana, where elections are scheduled for October 5, with results on October 8.
Aarti Industries, a manufacturer of specialty chemicals, has declined nearly 16% since its June quarter results. Despite revenue and profit growth, concerns over Chinese excess supply have led analysts to cut earnings estimates. The company continues to push forward with capex plans and long-term deals to drive future growth.
Air India’s new A350-900, launched for the Delhi-London route, features upgraded cabins, advanced inflight entertainment, and enhanced comfort for passengers.
The Indian government has approved four semiconductor plants under the India Semiconductor Mission, indicating significant progress in the sector. With the first chips expected next year, the initiative aims to boost various industries. The government is also focusing on talent development and partnerships with international entities, preparing India to become a global semiconductor hub.
Since X was shuttered in Brazil on August 30, Elon Musk has been incessantly posting on the platform against Supreme Court judge Alexandre de Moraes, terming him a 'dictator'. Musk has also been questioning the South American country's government and law enforcement.
Credit card dues have increased the fastest among bank loans, reaching nearly Rs 2.8 lakh crore by July's end, seeing a 22% year-on-year growth. Personal loans now make up the largest share of non-food credit at 32.9%, growing by 14.4%. Loans against gold jewellery increased the most within personal loans, surging by 39%.
Pakistan's star batsman Babar Azam continued his poor form in the second Test against Bangladesh, failing to make a significant impact. He scored 31 and 11 runs in two innings, contributing to Pakistan's struggles despite a commanding position at one point. Fans are expressing frustration as Babar's form slump persists.
The Union Cabinet led by Prime Minister Narendra Modi has approved the Manmad-Indore 309 km railway line at a cost of Rs 18,036 crore. This project will enhance connectivity in Maharashtra and Madhya Pradesh, benefiting industrial zones, agricultural areas, religious sites, and tribal regions. The line aims to better integrate remote areas into the national economy.
Zee Entertainment Enterprises Limited has appointed Shiva Chinnasamy as the new Chief Technology and Product Officer. He will be based in Bengaluru, focusing on data, AI, and machine learning to enhance consumer experience. With over 20 years of experience, Chinnasamy aims to support the company's growth and innovation goals.
Axis Securities has initiated a buy rating on Juniper Hotels and Chalet Hotels, forecasting a 17% upside with target prices of Rs 475 and Rs 975. They predict a 500-bps increase in sector occupancy and robust growth driven by rising ARR and FTAs.
Through an anonymous survey, Shubhashish Homes (A part of Shubhashish Group, promoted by the Founder and the Chairman Mr JK Jajoo), a leading real estate company in Rajasthan has scored phenomenally in GPTW Survey for the second year in a row. This recognition is a testament to Shubhashish Homes’ unwavering commitment to creating a supportive, inclusive, and rewarding workplace where employees thrive. With 98% true responses, the company received a score of 96 against the average of 89 which is of the top 100 great workplaces. Читать дальше...
Radha Soami Satsang Beas announced the nomination of Jasdeep Singh Gill as its new patron and sant satguru, succeeding Gurinder Singh Dhillon, effective September 2, 2024. Gill, an IIT Delhi and Cambridge alumnus, previously worked in the pharmaceutical industry. The organization focuses on spiritual beliefs under the mentorship of a living spiritual teacher.
India's Yogesh Kathuniya secured a silver medal in the men's discus throw F-56 event at the ongoing Paralympic Games in Paris, throwing a season's best of 42.22m. Brazil's Claudiney Batista dos Santos won gold with a Games record of 46.86m, while Greece's Konstantinos Tzounis claimed bronze with 41.32m.
At 1:54 pm IST, Bitcoin was trading at $58,027, a decrease of nearly 0.5%, while Ethereum had slipped by 0.9% to $2,461. The past week has been challenging for Bitcoin, with a drop of nearly 9%, following a 10% decline in August after briefly reaching $64,000 earlier that month. Edul Patel, Mudrex CEO, attributed Bitcoin's dip below $60,000 to increased selling pressure and outflows from Bitcoin spot ETFs. He warned that if this trend continues, Bitcoin could fall to the $55,700 support level.
Gold and silver experienced a significant drop last week driven by a rebound in the dollar index and U.S. bond yields. The Federal Reserve's actions and upcoming U.S. economic data, particularly the Payrolls report, are seen as key drivers for commodities in the near term according to Naveen Mathur from Anand Rathi Shares and Stock Brokers.
PM Narendra Modi's Union Cabinet has launched the Digital Agriculture Mission, with an outlay of Rs 2,817 crore, aiming to enhance farmers' lives through technology.
The Union Cabinet on Monday gave nod to seven decisions focused on boosting farm-related activities in India, minister Ashwini Vaishnaw announced, while addressing a press conference.
Saudi Arabia is likely to reduce prices for most crude grades sold to Asia in October, following a decline in the Middle East benchmark Dubai. The anticipated price cuts range from 50 to 70 cents per barrel, reflecting weak refining margins in China and an increase in OPEC+ supply.
The Supreme Court on Monday dismissed West Bengal government's plea against bail granted to Chhatra Samaj leader Sayan Lahiri, who led the Nabanna Abhijan protest in the state.