The CCS approved a Rs 260 billion procurement order for 240 aero engines for Su-30 MKI aircraft. This will increase Hindustan Aeronautics (HAL)'s already strong order backlog from Rs 940 billion (FY24 end) to Rs 1.2 trillion, resulting in strong revenue visibility of 3.8 times its TTM revenue.
Shares of Premier Energies took a sharp fall of 13.4% after opening at a 120% premium. The IPO was highly subscribed, driven by strong investor interest. Analysts suggest that despite competitive industry conditions, Premier Energies’ strategic positioning offers potential for long-term growth. Investors are advised to consider profit booking or apply a stop loss strategy.
A rise in terrorist attacks was observed in August 2024 in Pakistan, with 59 incidents resulting in 84 deaths, as reported by the Pak Institute for Peace Studies. Balochistan witnessed the highest activity, primarily from the Balochistan Liberation Army, while Khyber Pakhtunkhwa also faced significant violence. Security forces conducted anti-militant operations, killing 88 militants and losing 18 personnel.
Market experts are predicting a big disruption this time in the artificial intelligence (AI) space. India’s largest telecom company led by tycoon Mukesh Ambani, Reliance Jio announced a host of AI offerings which could give established players a tough competition.
The RBI supports digital technologies for improved customer experience and innovation, yet intervenes when digital lending poses risks. RBI Deputy Governor Swaminathan J highlighted issues with peer-to-peer lending platforms, urging the industry to view the regulator as a partner for a stable financial ecosystem. He spoke at a CNBC TV18 banking summit.
There is nothing wrong in being bullish all the time for one simple reason. As the Indian economy grows at a faster rate, earnings of companies across different sectors and segments will grow faster and what drives the stock prices finally is the earnings. But yes, given the fact that valuations are high, one needs to be more selective in buying the stocks, because downward movements like the one which witnessed in March 2024 and early August will keep happening at periodic intervals. So, while being... Читать дальше...
The oil and gas industry is increasingly adopting AI and gen AI to optimise operations across the value chain, from exploration to refining. Firms are trying to enhance efficiency and reduce emissions through AI, reports Annapurna Roy
Andhra Pradesh is set to face more rains with a new low-pressure area forming over the Bay of Bengal. Recent heavy rains have caused significant flooding, especially in NTR, Krishna, and Guntur districts. The Krishna River is experiencing record inflows, causing damage to the Prakasam Barrage. Authorities are closely monitoring the situation.
Indian pace veteran Mohammed Shami, celebrated for his performances in all formats, turned 34. Known for his key contributions in ICC tournaments and the ODI World Cups, Shami forms a formidable pair with Jasprit Bumrah. With 448 international scalps, he also has a strong IPL record, including winning the 2023 IPL Purple Cap and the 2022 IPL title with Gujarat Titans.
In Bahraich district of Uttar Pradesh, 34 people have been injured due to alleged wolf attacks, with two seriously injured individuals now stable. Authorities are continuing efforts to capture the wolves. A specialized strategy involving the police and forest departments has been implemented to address the situation, following several attacks, including one that killed a three-year-old girl.
In Delhi, three Bangladeshi men fell victim to a kidney transplant scam resembling the plot of a 2004 film. Lured by promises of employment, they were subjected to forced medical examinations and kidney removal. Authorities have filed a chargesheet, unveiling the meticulously planned operations of the syndicate.
South Central Railway (SCR) experienced significant disruptions due to torrential rains, leading to the cancellation of 438 trains and the diversion of another 137 services. Critical sections between Kesamudram-Intakanne and Tadla Pusapalli-Mahabubabad were affected, causing repair delays. SCR's General Manager is overseeing 24x7 restoration efforts. Passengers of affected trains receive fare refunds and special arrangements. The restoration work is ongoing with hopes for service resumption soon.
New PPF rules: The latest guidelines pertain to Public Provident Fund accounts that are opened in the names of minors, the allowance for multiple PPF accounts, and the extension of PPF accounts for NRIs through post offices as part of the National Small Savings schemes.
Shares of defence companies like HAL, Garden Reach Shipbuilders, and others saw significant gains ahead of a crucial defence ministry meeting to review projects. Key discussions will include constructing advanced frigates for the Indian Navy and replacing the Army's T-72 tanks with modern combat vehicles. The sector received additional momentum from the approval of procurement plans.
In August, defensive approach-based mutual funds outperformed, with the pharma & healthcare, technology, and consumption sectors showing strong returns. WOC Pharma and Healthcare Fund topped with a 9.37% return. Kotak Technology Fund led its category. International and small cap funds also fared well, while infrastructure, energy & power, and MNC funds posted negative returns.
A recent political meeting in Kalna Dhanu Parole, a remote village in Jammu, highlighted the challenges residents face, from terrorism to lack of infrastructure. As elections approach, there's a renewed sense of hope. Politicians are engaging with constituents, promising to address their needs and bring positive change to their lives.
Defence stocks have corrected significantly in the past month. Experts advise against bottom fishing and suggest waiting for clear signs of market reversal. Cochin Shipyard, Garden Reach, and Mazagon Dock are among the top losers. Stable names like HAL and Bharat Electronics might lead if overall market conditions recover.
The Mygate Locks will enable users to go keyless and manage home access remotely. It includes features such as remote unlocking using OTP, end-to-end data encryption, simple user management, real-time notifications, and integration with the existing app for gated communities.
Maharashtra leads India in IGBC-registered projects, followed by Uttar Pradesh and Gujarat. With over 7,000 certified projects, India is experiencing a significant rise in green building certifications. The real estate sector is embracing sustainability, driven by corporate demand and government support. Green leases are emerging, aligning with the nation's net-zero goals and contributing to reduced carbon footprints.
This Ganesh Chaturthi, surprise your family and guests by preparing a traditional Maharashtrian dishes filled with festive delights.
I would look at companies which are specifically focusing on brands, that is where the valuation comfort comes and that is where you can give higher valuation also to those companies.
Delhi Jal Board is collaborating with Water Corporation of Odisha to combat the high loss of drinking water during transmission in Delhi, where 58 per cent of water is wasted. WATCO has effectively reduced similar losses in Odisha. The proposal focuses on 24x7 tap water supply and real-time water management, pending approval from the urban development department.