Ratan Tata, 86, was hospitalised at Mumbai's Breach Candy Hospital for age-related medical check-ups. He clarified that there is no cause for concern regarding his health, and urged the public and media to avoid spreading misinformation.
IndusInd Bank has revised the interest rates on fixed deposits (FDs) under Rs 3 crore. According to the bank's official website, the new FD rates are effective from October 7, 2024.
Motilal Oswal has downgraded FY25 Nifty EPS estimates by 4% to Rs 1,072, citing reduced forecasts for metals and O&G. Despite this, sectors like BFSI, healthcare, and utilities are expected to drive earnings growth. Top picks include ICICI Bank, HDFC Bank, and Bharti Airtel.
Navratri is a time of devotion, celebration, and worship of Goddess Durga. Offering flowers is an essential part of the rituals. Here are nine flowers you can offer to Maa Durga during this auspicious festival:
Explaining Isro’s frugal approach, S. Sivakumar, project director for NGLV at the Vikram Sarabhai Space Centre (VSSC) said, “All the newer technology for NGLV will be tested in a small-scale vehicle, and all the learnings will be applied to the booster stage to achieve an economical advantage in development.”
A total of 137,493 shares changed hands on the counter till 12:32PM (IST).
Secondary investors in India are increasing their focus to engage in deals worth up to $20 billion. This upsurge, driven by the sale of private equity-held assets, aims to address nearly $92 billion in unrealized value from investments older than six years, as stated by TR Capital's founder Paul Robine.
Promoters held 51.52 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 9.26 per cent, respectively.
The Aam Aadmi Party government in Delhi, led by Chief Minister Atishi, announced the restart of various works, including road repairs. These projects were allegedly stalled by the BJP while Arvind Kejriwal was in jail. The government has identified 89 damaged PWD roads and has floated 74 tenders to start the repairs.
Macrotech Developers (Lodha) shares rose 4.3% after reporting record quarterly pre-sales of Rs 4,290 crore, contributing to a 21% increase in first-half sales.
Automobile retail sales in India fell by 9% in September compared to last year, primarily due to a huge buildup of passenger vehicle inventory. FADA urged OEMs to take corrective measures ahead of the festive season. Despite positive sentiments in rural markets, high inventory levels require strong October sales to ensure a positive growth trajectory.
A total of 253,606 shares changed hands on the counter till 12:21PM (IST).
China's aggressive measures to revive its markets and economy are attracting foreign investors, with global brokerage firm CLSA increasing its exposure to China while reducing its stake in Indian equities. CLSA announced a fiscal leap of faith in China, raising its allocation to 5% overweight and cutting India's overweight from 20% to 10%. The firm views China as presenting the greatest self-help opportunity in emerging markets, expecting policymakers to respond effectively.
Vodafone Idea (Vi) has signed a three-year deal with Ericsson to acquire 4G and 5G equipment for network expansion across 10 markets including Delhi and Kerala. The partnership aims to modernise Vi's 4G network and facilitate a seamless 5G rollout, enhancing customer experience and managing data traffic efficiently.
Kashmir's higher reaches, including Gulmarg and Sonamarg, saw light snowfall, signaling the approach of winter. This snowfall, combined with rainfall in the plains, has led to a temperature drop. The Meteorological Centre forecasts scattered rain over the next 48 hours, with another round of snowfall possible in higher elevations, further lowering temperatures.
The stock quoted a 52-week high price of Rs 11348.5 and low of Rs 6634.6.
Eight largecap funds turned a monthly SIP of Rs 10,000 into over Rs 1 crore in two decades. The Aditya Birla SL Frontline Equity Fund and HDFC Top 100 Fund achieved Rs 1.38 crore with an XIRR of around 15.45%. Other noted funds include Kotak Bluechip and Tata Large Cap Fund.
US Vice President Kamala Harris avoided directly addressing whether Benjamin Netanyahu is a 'close ally' of the US. She emphasized the US's important alliance with the Israeli people. The US is pressurizing Israel and Arabs to reach a ceasefire, despite supporting Israel’s right to defend itself. The US provides significant military aid to Israel.
A total of 6,095 shares changed hands on the counter till 12:12PM (IST)
Bangladesh skipper Najmul Hossain Shanto criticizes his batting lineup for failing to adapt and score 180 runs in T20I games, highlighting their comfort with 140-150 scores at home and emphasizing the need for improved skills and mentality. India wins the first T20I by seven wickets.
Union Minister Shivraj Singh Chouhan has announced that BJP plans to implement NRC in Jharkhand, accusing CM Hemant Soren of supporting infiltrators. BJP’s election manifesto includes measures to protect local residents and promises financial assistance for women and youth, assured employment, and housing for all.
An airshow at Chennai's Marina Beach caused five deaths and several hospitalizations due to extreme heat. The event was part of the Indian Air Force's 92nd-anniversary celebrations and attracted a record crowd of 15 lakh people. The situation prompted a brief protest when gates were locked at the Commissionerate for Differently Abled Welfare.
With middle east tensions showing no signs of cooling off, investors, both local and global, appear to be concerned about the fallout of any escalation in the conflict, leading to a spike in crude oil prices and an 18% rise in the India VIX, also referred to as the Fear Index, WoW.