Heavy rains hit Andhra Pradesh due to a low pressure area over the Bay of Bengal, which may intensify into a depression. Vigorous monsoon activity with heavy rainfall was observed in coastal and Rayalaseema regions. Squally winds are expected along the coast. Authorities advised caution and warned fishermen against venturing into the sea.
A total of 23,469 shares changed hands on the counter till 12:41PM (IST).
Waaree Energies' IPO, open from October 21 to 23, will include fresh shares worth Rs 3,600 crore and an offer for sale of up to 48 lakh shares. Funds will be used for a 6 GW facility in Odisha and corporate purposes. The price band remains undisclosed.
Owning a pet can have a wide range of mental and physical health benefits.
Consumer Affairs Minister Pralhad Joshi expressed concerns about potentially deceptive air purifier claims and stressed the need for verification. The Bureau of Indian Standards (BIS) will boost market surveillance, and mandatory standards may be imposed. While current standards for air purifiers exist, compliance is voluntary.
A total of 7,374 shares changed hands on the counter till 12:37PM (IST)
The car industry is experiencing a slowdown this year. Companies like Maruti Suzuki and Tata Motors have reduced wholesales to dealerships. Consumer spending has become cautious despite discounts. This has led to lower sales during the festive season. The industry is expected to grow at a low single-digit rate this year.
Bharti Airtel Chairman Sunil Mittal emphasized that satellite services will extend internet reach to remote areas of India. He highlighted the need for satellite services to coexist with terrestrial networks and advocated for equal licensing conditions for satellite companies planning to serve urban areas, amid ongoing debates over spectrum allocation.
D2C brands have outpaced marketplaces during the recent festive sales, witnessing a 64% growth in orders compared to 26% on marketplaces. Categories like footwear, fashion, and jewellery saw significant increases, reflecting growing consumer trust. Tier 1 cities led the surge, contributing to a 96% spike in orders.
Akash Ambani, Chairman of Reliance Jio Infocomm, urges the Indian government to update the Data Centre Policy to ensure local data storage and provide incentives for AI data centres. Speaking at India Mobile Congress 2024, he emphasized Jio's commitment to democratizing AI across India.
Soybean production in India has increased by about 6% to nearly 126 lakh tonnes due to favorable weather and improved farming methods. The productivity per hectare rose from 1,002 kg to 1,063 kg. India still imports about 60% of its edible oil needs, highlighting the need for increased domestic oilseed production.
Congress accuses the AAP-led Punjab government and the BJP of creating a paddy storage crisis, impacting Punjab’s economy. Leader of Opposition Partap Singh Bajwa claims CM Bhagwant Mann misled farmers into sowing lower-yield hybrid paddy, leading to economic losses. Bajwa warns of a potential agrarian crisis benefiting large industrial houses, urging central intervention.
The challenges were too much reliance on exports, which is right now getting a bit more problematic and excess savings. Now, export part, which is dependent on international trade, it will take time to repair.
The RBI's October policy shift to a neutral stance was reflected in its liquidity management since July 2024, with interbank liquidity surplus averaging INR1.2tn. RBI refrained from strong liquidity absorption, signaling comfort with current conditions as government expenditure rose and inflation pressures moderated.
The Relative Strength Index of the stock stood at 41.59 on Tuesday.
The Supreme Court denied a plea to stay Punjab's ongoing panchayat elections due to alleged nomination irregularities, emphasizing that halting the process mid-poll would create chaos. The Punjab and Haryana High Court had previously vacated a stay on the elections, which involve around 13.3 million voters.
Punjab's short-duration paddy variety PR-126 is in the spotlight for saving costs and combating pollution despite lower yields. It offers solutions for Delhi-NCR's stubble burning. Pusa-2090, a high-yielding variety matching PR-126's growth duration, may address yield concerns but is yet to see widespread use.
Amnish Aggarwal shares his cautious outlook on FMCG stocks, highlighting recent re-ratings and potential bottom-fishing post-results. He discusses the prospects of the Hyundai IPO, the competitiveness of Ola Electric in the EV market, and compares the potential growth of Maruti and Hyundai in India’s auto sector. Investors are advised to stay vigilant.
The stock quoted a 52-week high price of Rs 896.75 and a 52-week low of Rs 289.3.
Akash Ambani, Chairman of Reliance Jio Infocomm, highlights the urgent need for India to adopt AI with a focus on self-reliance and data sovereignty. He calls for policy revisions to retain Indian data domestically and incentivize the development of AI-centric data centers in the country.
India and Australia had their fourth 2+2 Secretary-level Consultations in New Delhi. Discussions revolved around political, strategic, defence, security, and regional as well as global issues. Defence Secretary Giridhar Aramane and Foreign Secretary Vikram Misri led the Indian side, while Greg Moriarty and Jan Adams represented Australia. This engagement aims to strengthen the Comprehensive Strategic Partnership between both nations.
Prime Minister Narendra Modi inaugurated the International Telecommunication Union - World Telecommunication Standardization Assembly and India Mobile Congress. He highlighted India becoming the world's second largest 5G market and announced future plans for 6G. The event gathered industry leaders, policymakers, and tech experts from over 190 countries, facilitating vital industry interactions.
A total of 1,315 shares changed hands on the counter till 12:11PM (IST).