Tube Investments shares 2.31 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 35.28 on Thursday.
The Relative Strength Index of the stock stood at 35.28 on Thursday.
Elon Musk and Donald Trump, despite their mutual admiration and shared vision for American innovation, might face policy conflicts. Trump's proposed rollback of EV incentives and clean air regulations could directly impact Tesla's profitability. Additionally, escalating trade tensions with China, a key market for Tesla, pose further challenges to their potential partnership.
Threat to Shah Rukh Khan: Bollywood superstar Shah Rukh Khan received a threat on Thursday, leading to a case being filed at Bandra Police Station in Mumbai under relevant sections of the BNS. The threat caller was traced near Raipur, according to reports. This comes after Salman Khan received multiple death threats from the notorious Lawrence Bishnoi gang.
Infiniti Retail, that operates popular electronics retailer Croma, is preparing for a leadership transition. Shibashish Roy, the current Deputy CEO, will step into the role of CEO on November 18, 2024, succeeding Avijit Mitra. Mitra, who has been instrumental in Croma's growth.
A total of 40,840 shares changed hands on the counter till time (IST).
Zerodha co-founder Nikhil Kamath, at 38, has been recognized as a top young philanthropist in India by the EdelGive-Hurun India Philanthropy List 2024. His contributions through the Rainmatter Foundation totaled Rs 120 crore, focusing on sustainability and environmental causes.
Nomura's Chief Economist, Sonal Varma, predicts that while a second Trump term will likely hinder global economic growth due to increased tariffs, India might emerge as a surprising beneficiary. Varma suggests that India's domestic demand-driven economy and potential gains from supply chain shifts, particularly from China, could cushion the impact.
Trent's shares plummeted 9.2% despite reporting a 46% surge in Q2 profit, exceeding estimates. While revenue grew 39.6%, it fell short of projections. The company highlighted double-digit growth in its fashion segment and expansion of its store network, including Westside and Zudio outlets.
Indian indices declined, led by Hindalco's slide, while five Nifty 200 stocks reached new 52-week highs.
The fund seeks to generate capital appreciation and income primarily by investing in arbitrage opportunities in the cash and derivative segments of the equity markets, along with intra-derivative arbitrage, while allocating the remainder to debt and money market instruments.
A total of 11,862 shares changed hands on the counter till 01:28PM (IST)
Shares of FirstCry fell 4.5% after the GST department initiated an investigation at its Mumbai head office and Pune warehouse. The company assured normal operations, with no details on alleged violations.
DYFI activists in Wayanad protested against the Meppadi Gram Panchayat, alleging the distribution of worm-infested food kits to landslide survivors. The protest turned violent as activists clashed with police and panchayat members while attempting to enter the president's office, resulting in injuries. The panchayat authorities denied the allegations.
Uddhav Thackeray, leader of the Shiv Sena (UBT), introduced his party's platform for the Maharashtra assembly elections, promising free education for male students, price stabilization for essential goods, and the cancellation of the Dharavi redevelopment project. He emphasized that these promises are largely aligned with the broader assurances of the opposition Maha Vikas Aghadi (MVA) alliance.
Taiwan's economic ministry announced plans to assist Taiwanese companies in relocating their China-based production plants back to Taiwan if President Trump follows through with his proposed 60% tariff on Chinese imports. This initiative aims to protect Taiwanese businesses from potential economic repercussions.
Rohini Nilekani, with a donation of INR 154 crores, has been named India's most generous woman by the EdelGive-Hurun India Philanthropy List 2024. She and her husband, Nandan Nilekani, a renowned tech entrepreneur and philanthropist, have collectively donated over INR 450 crores this year, focusing on education and community development.
Japan's Nikkei share average reversed early gains to close lower on Thursday as investors took profits after the previous session's surge. The index, influenced by Donald Trump's presidential election win, saw early gains but ended down 0.25%. Fast Retailing and Tokyo Electron were among the decliners, while Keio and Taisei surged on buyback announcements.
Kash Patel, a former Trump advisor of Gujarati descent, rose swiftly in national security roles. Known for his loyalty, Patel is seen as Trump's pick for CIA leadership, having led key anti-terror operations.
Motilal Oswal initiates coverage on LT Foods with a 'buy' rating and a target price of Rs 520, implying a 31% upside. They cite the company's strong international presence, dominance in the US market, and strategic expansion in the Middle East.
The global cryptocurrency market cap increased by 0.9% in the last 24 hours, reaching around $2.52 trillion.
A group of Jammu and Kashmir MLAs, including those from the PDP and Peoples' Conference, submitted a resolution demanding the immediate restoration of Articles 370 and 35A. The resolution criticizes the 2019 abrogation as unconstitutional and calls for the reversal of all changes brought by the Jammu and Kashmir Reorganisation Act.
EaseMyTrip has partnered with Hyperface, a Credit Cards as a Service (CCaaS) platform, to enhance its card management systems and offer a more personalized experience for its customers. The collaboration will streamline EaseMyTrip's co-branded credit and debit card programs, making it easier for customers to manage their cards and access tailored benefits.
A total of 1,428 shares changed hands on the counter till 01:14PM (IST)
A top Indian government official urged India to join the RCEP and CPTPP trade blocs to boost manufacturing and exports. He argued that India missed out on opportunities from companies seeking to diversify supply chains beyond China due to high tariffs.