Lab-grown cotton startup can make clothes greener, more ethical
Boston-based startup Galy has developed a lab-grown cotton alternative that significantly reduces water, land, and fertilizer use compared to conventional cotton.
Boston-based startup Galy has developed a lab-grown cotton alternative that significantly reduces water, land, and fertilizer use compared to conventional cotton.
Ecos Mobility Share Price: The IPO has garnered strong investor interest, with a subscription rate of 64.18X. "The IPO's valuation appears high based on the P/E ratio. Given the mixed financial performance, investors might consider a wait-and-see approach," advised Shivani Nyati, Head of Wealth at Swastika Investmart. Ecos Mobility has provided chauffeured car rentals & employee transportation services to corporate clients, including Fortune 500 companies, for over 25 years.
A thief attempting to steal artefacts worth Rs 15 crore from Bhopal's state museum fell from a 25-foot-high wall, fracturing his leg and possibly breaking his spine. Vinod Yadav, 49, had planned the heist to fund his children's education. The incident highlighted poor security measures at the museum, including non-functional CCTV cameras and weak doors. Authorities are investigating if any items are missing and whether Yadav had accomplices.
A total of 3,003 shares changed hands on the counter till 10:04AM (IST).
On September 3, the closing prices of three stocks from NIfty500 dropped by more than 2% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
The rupee appreciated by 2 paise to 83.96 against the US dollar in early trade on Wednesday, supported by a weakening dollar and lower crude oil prices. The dollar index fell 0.14% to 101.67, while Brent crude declined 0.62% to 73.29. Sensex dropped 721.75 points, and Nifty fell by 196.05 points.
According to Nadia Elbilassy of the Equiti Group, oil prices have been under pressure due to already factored-in production cuts and increased US oil production. Weak manufacturing data from China and a softening US economy have also contributed to the decline. The energy sector, including Indian companies, is expected to continue facing challenges until October.
Jindal Stainless has been trading within a range for the past six months but shows signs of recovery. After retesting its 200-day Exponential Moving Average in August, experts suggest the stock could reach levels above Rs 900 in the next 3-4 weeks, indicating a positive outlook.
Bahraich wolves: A massive search operation is underway in Bahraich, Uttar Pradesh, to capture a pack of wolves causing havoc. Four wolves have been caught, and drones are being used to track the remaining ones. The operation continues with no recent attacks reported. Officials are intensifying efforts as the situation is closely monitored.
On September 3, the closing prices of three stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.
India's global trade share has not kept pace with its growing economy, losing out to Bangladesh and Vietnam as low-cost manufacturing hubs.
BRS working president KT Rama Rao accused Telangana CM Revanth Reddy of providing incorrect data on flood-related deaths. KTR shared a post listing 31 deceased, while the government reported only 16. He urged the government to verify the data and assist affected families. CM Reddy emphasized removing encroachments around lakes to prevent future flooding.
Adani Green Energy plans to redeem $750M in bonds, financed through internal funds and investments. The firm will shift bond issuance focus, with yields dropping to 6.22% post-redemption.
The allotment for the Baazar Style Retail IPO is expected to be finalized today, with shares allocated on a lottery basis under the registrar’s supervision. Investors will learn the number of shares allotted to them compared to their bids. They can check the allotment status through the BSE or the registrar's website for details.
Mid cap schemes invest in mid cap stocks or in stocks of medium-sized companies. As per Sebi norms, mid cap schemes are mandated to invest in companies that are between 101 and 250 in the market capitalisation. These companies can be leaders of tomorrow. That’s what makes them great bets. If these companies live up to the promise, the market will reward the investors handsomely.
GIC Share Price: Shares of General Insurance Corporation (Re) of India dropped by 5.4% to Rs 398.60 as the government began selling its 6.78% stake via an offer for sale at a floor price of Rs 395 per share. The total size of the OFS is estimated at Rs 4,701 crore.
In the NSE large-cap pack, there are four stocks that witnessed a 5-year swing high at the close on September 3, suggesting bullishness in counters.
Getting an allotment in an SME IPO can feel like winning a lottery, so it's wise to book profits on the listing day. In 2024, two-thirds of the 166 SME IPOs have yielded at least a 50% return, with 67 doubling investors' money, often on Day 1. However, after the initial surge, many investors flipped shares, and about 72 of these IPOs are now trading below their listing day closing prices, with losses reaching up to 69%, according to Prime Database.
Indian equity indices Sensex and Nifty traded lower on Wednesday amid concerns over a U.S. economic slowdown and caution ahead of key data influencing the Federal Reserve's interest rate decision. IT, Financial, and Metal stocks experienced significant declines.
U.S. Consumer Products Safety Commission leaders are urging an investigation into e-commerce giants Shein and Temu for selling hazardous baby and toddler products. They seek to evaluate compliance with safety rules, third-party seller relationships, and product representation. Both companies face scrutiny over low prices attributed to the de minimis rule exempting certain imports from tariffs.
Donald Trump and Kamala Harris are sharpening their economic messages ahead of their debate. Trump is focusing on tax cuts for businesses and the wealthy, while Harris aims to increase taxes on corporations and the ultra-wealthy to fund housing and parental tax breaks. Both candidates' plans could significantly impact the middle class, with Trump emphasizing growth through investment and Harris focusing on home ownership and easing parenthood costs.
A federal judge swiftly rejected Donald Trump's request to intervene in his New York hush money case, thwarting his attempt to move the case to federal court. The judge ruled that Trump's conviction involved personal actions, not official ones. Trump's lawyers plan to appeal the decision.
Taylor Fritz defeated Alexander Zverev at the U.S. Open to reach his first Grand Slam semifinal. The 26-year-old American, ranked 12th, won the match 7-6 (2), 3-6, 6-4, 7-6 (3). Fritz will face either Grigor Dimitrov or Frances Tiafoe in the semifinals, aiming to continue his strong performance.