The 12-month cumulative rolling investment by domestic mutual funds reached a record high of Rs 3.3 lakh crore ($39 billion) in August, according to SEBI data, driven by new opportunities in the primary market including IPOs and qualified institutional placements.
India's Oil and Natural Gas Corp. is planning a multibillion-dollar refinery and petrochemical project in Uttar Pradesh to meet growing fuel demand. The 9-million-ton-a-year project could cost over $8.3 billion. ONGC has discussed collaborating with Bharat Petroleum Corp., which owns land in Prayagraj, potentially expediting the process.
Anti Rape Bill, West Bengal: In response to the R G Kar rape and murder case in Kolkata, the West Bengal government passed the Aparajita Woman and Child Bill, 2024.
The Delhi High Court has reserved its order on former Jharkhand chief minister Madhu Koda's plea to stay his conviction in a coal scam case, allowing him to contest the upcoming assembly elections. The CBI opposed the application, citing a previous dismissal of a similar plea in May 2020.
The Nifty Auto index closed 0.14 per cent down at 26034.65.
The deadline for reviewing the import management system for laptops and IT products is approaching. Companies have imported over USD 4 billion worth of these products this fiscal, primarily from China. The government issued authorisations last year to monitor imports without affecting supply, with the validity extending until September 30, 2024.
The NSE Nifty index closed 1.15 points up at 25279.85
The funds will be used to enhance 0xPPL's product offerings, expand its team, and further its mission to become the leading on-chain social networking platform, the company said on Tuesday. “We are so thankful for the belief and confidence placed in our vision,” said Prasanna Sankar, founder of 0xPPL.
The implementation of the PM-KISAN scheme in Assam has faced significant issues, with 35 per cent of applicants found ineligible and only 0.24 per cent of funds recovered from these non-entitled beneficiaries. A CAG audit revealed a lack of monitoring, fake registrations, and multiple entries, leading to ineffective scheme execution.
If you wish to earn extra income by investing in fixed deposits, you have numerous choices. The length of time you can deposit money varies from seven days to 10 years, and the interest rate also varies depending on the tenure.
Shark Tank India judge Anupam Mittal has criticized Mumbai's road conditions after visiting Rajasthan, praising the latter's infrastructure. His comments have sparked social media discussions, with many agreeing on Mumbai's deteriorating roads. Filmmaker Vivek Agnihotri also criticized the BMC for poor road designs. Efforts to improve Mumbai's roads have yet to show results.
The Nifty Pharma index closed 0.12 per cent up at 23014.3.
The Directorate of Enforcement (ED) in Delhi has arrested Amanatullah Khan under the Prevention of Money Laundering Act for irregularities during his tenure as Chairman of the Delhi Waqf Board from 2016-2021. The ED's investigation revealed illegal money management and cash transactions for property purchases. Khan has repeatedly avoided summons, leading to his arrest and court remand for four days.
The Nifty Bank index closed 0.49 per cent up at 51689.1.
Netflix India has updated the opening disclaimer of its series 'IC814: The Kandahar Hijack' to include the real and code names of the hijackers. This change follows concerns over the depiction of Hindu code names. The series, directed by Anubhav Sinha, is based on the 1999 hijacking of Indian Airlines Flight 814.
The DGCA has introduced new regulations to simplify airworthiness requirements for light aircraft and non-scheduled plane operators, effective January 1, 2025. The changes aim to reduce compliance burdens and align with European standards. Amendments have also been made to existing regulations CAR-M and CAR-145.
Vice President Kamala Harris is gaining significant support in Georgia and North Carolina, traditionally Republican states. Her campaign has attracted over 52,000 volunteers, and recent polls show her leading Donald Trump by a narrow margin. Harris's appeal includes her youth, vigor, and commitment to reproductive rights, drawing diverse voter groups.
Hindustan Composites purchased 1.5 lakh shares of Swiggy in the transaction, it added in an exchange filing. With this investment, the company joins a number of other investors who have been picking up stakes in the food delivery and quick commerce major.
Nifty rose for the 14th consecutive session, closing at 25,279.85, supported by ICICI Bank and HDFC Bank. BSE Sensex fell slightly to 82,521.66. Here are Tuesday’s most active stocks.
The rupee closed at 83.9675 to the U.S. dollar, down from 83.9175 in the previous session. The currency's intraday volatility remained muted, holding a range of three paisa through the session.
The HDFC Nifty India Digital Index Fund is an open-ended scheme aiming to replicate the Nifty India Digital Index (TRI) and generate returns aligned with the index’s performance, before fees and expenses. Managed by Nirman Morakhia and Arun Agarwal, it requires a minimum investment of Rs 100, has no exit load, and allocates 95-100% to index securities and 0-5% to debt and money market instruments.
AAP MLA Amanatullah Khan has been arrested by the Enforcement Directorate for allegedly dealing with ill-gotten money and engaging in tainted cash transactions to purchase property in Delhi. The agency claims he avoided investigation despite multiple summonses. The case stems from irregularities during his tenure as chairman of the Delhi Waqf Board.
The 30-share BSE Sensex closed down 4.4 points at 82555.44
Zerodha founder Nithin Kamath highlighted a SEBI study showing Gujaratis, despite being 9% of the investor base, represent 40% of IPO participation. Kamath humorously noted that IPO trading seems embedded in Gujarat's culture, as reflected in retail and HNI categories.