Tata Group's Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%.
GMR Airports Infrastructure Limited has signed a Share Purchase Agreement with Fraport AG to acquire its 10 per cent stake in Delhi International Airport Limited for $126 million. This deal will increase GIL's holdings in DIAL from 64 per cent to 74 per cent, pending necessary approvals and conditions, expected to conclude within 180 days.
“The platform is designed with ownership as the fundamental unit of value so it can support both AngelList India’s current and future offerings…We are excited about the agility this gives us in meeting users’ evolving needs, and in adapting to changes in market, securities, and data regulations,” AngelList said in the blog post.
ET Markets, in an exclusive episode of IPO TALK, spoke with Saurabh Gadgil, Managing Director of PN Gadgil Jewellers, to understand how well the company is positioned at this point and what are the prospects.
The financial ratios can be arranged in five broad categories, each focusing on different aspects of a company’s operations. Together, they offer a holistic picture of its health. Here’s a brief introduction of some of the important ratios under each category.
The 30-share BSE Sensex closed up 375.61 points at 81559.54
Greaves Electric Mobility has received approval from the Heavy Industries Ministry for incentives under the Union Government's Electric Mobility Promotion Scheme 2024. The company's two-wheeler models Nexus, Primus, Magnus, and Zeal are now eligible for government subsidies. This move aims to enhance accessible and sustainable mobility across India.
The GST Council has postponed its decision on reducing the GST rate on health insurance premiums to November. A Group of Ministers will review the matter and submit a report by October 2024. The current GST rate on health and life insurance policies is 18 per cent, and the industry anticipates potential relief for policyholders.
GST on Health Insurance: The GST Council has postponed a decision on reducing the GST rate for health and life insurance premiums, currently at 18 per cent. The matter will be discussed in the next meeting. This delay affects potential financial relief for policyholders, including senior citizens.
Korean brand Daewoo has announced its entry into the kitchen and home appliances segment in India. The company, which already offers LED TVs and inverters, will now introduce products like induction plates, mixers, blenders, and more. Daewoo aims to expand its presence further into Southern and Eastern India.
Morgan Stanley has reduced its Brent crude oil forecasts, citing demand weakness akin to recession periods. Brent crude futures hit their lowest levels since December 2021. The bank expects oil markets to remain tight in the third quarter and move towards a surplus by 2025, with prices stabilizing around $75 per barrel.
Approximately three aggressive hybrid funds have delivered returns exceeding 15% over the past five years, as per daily rolling return analysis.
The Nifty Bank index closed 1.07 per cent up at 51117.8.
Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent.
BHIVE Workspace has leased 77,000 square feet of Grade-A office space from Address Maker in Bengaluru's Indiranagar. The new space will feature over 1,500 seats and various amenities. This expansion aligns with the growing demand for managed workspaces in India and follows BHIVE's recent entry into Mumbai's market.
Realme Narzo 70 Turbo 5G Price: Realme has launched the Narzo 70 Turbo 5G and Buds N1 in India. The Narzo 70 Turbo 5G features a 6.67-inch OLED display, MediaTek Dimensity 7300 processor, and up to 12GB RAM. The Buds N1 offers up to 40 hours of playback and is IP55 rated. Sales start mid-September.
Former WWE star Dave Bautista has undergone a significant transformation, surprising fans with his weight loss at the Toronto International Film Festival. The 55-year-old actor shared details about his journey, revealing he now weighs around 240 lbs. Bautista is set to star in The Killer’s Game, releasing on September 13, 2024.
Employees at major U.S. tech companies like Alphabet, Amazon, and Microsoft are heavily donating to Democratic candidate Kamala Harris, while some tech billionaires support Republican Donald Trump. This trend highlights a divide in Silicon Valley, with workers favoring Harris and some influential leaders backing Trump for his economic policies.
The 30-share BSE Sensex closed up 375.61 points at 81559.54
The NSE Nifty index closed 84.25 points up at 24936.4
Maruti Suzuki MD Hisashi Takeuchi emphasized the need for India to become a hub for affordable, high-quality mobility solutions. Speaking at ACMA's annual session, he urged investment in R&D and local semiconductor development. He highlighted the importance of innovation, digitalization, and workforce upskilling to enhance competitiveness and boost exports.
India and Japan have agreed to enhance financial cooperation and strengthen bilateral relations during the second India-Japan Finance Dialogue in Tokyo. Key discussions included macroeconomic situations, financial sector issues, and regulatory matters. Both sides plan to continue these discussions and explore holding the next round in New Delhi.
SC has stayed the Allahabad High Court's order for a fresh selection list of 69,000 assistant teachers in Uttar Pradesh. The top court also paused the HC's annulment of previous selection lists from June 2020 and January 2022. Notices have been issued to the state government and other parties involved.
The 30-share BSE Sensex closed up 375.61 points at 81559.54
The BJP has criticized Congress leader Rahul Gandhi for his remarks in the US, calling him a "black spot" in Indian democracy. BJP spokesperson Gaurav Bhatia accused Gandhi of weakening Indian democracy and standing by China. Gandhi had criticized the RSS and emphasized the need for manufacturing in India during his US visit.