Sebi introduces a unit-based employee benefit scheme for REITs and InvITs, allowing managers to grant unit options to employees. The rules, effective from July 12, aim to provide benefits without additional costs to the trusts. The scheme requires disclosure and follows insider trading rules.
The Delhi High Court extended the Centre's deadline to July 25 for AAP's office allocation. Supreme Court extended AAP’s Rouse Avenue stay until August 10. Justice Narula denied further extensions. The March order first gave AAP time until June 15. The Centre cited tasks. AAP seeks land per policy via filed petitions.
Budget expectations: The third phase of the FAME scheme for electric vehicles is nearing completion, but it won't be included in the upcoming Union Budget. The preparatory work is based on recommendations from various ministries, signaling a continued focus on green mobility. Industry stakeholders eagerly anticipate the new phase's implementation for further promoting electric and hybrid vehicles in India.
A total of 1,317,349 shares changed hands on the counter till time (IST).
Four Indian Army soldiers, including an officer, were killed in an encounter with terrorists in Doda district, Jammu and Kashmir, on Monday. This marks the 48th loss of Army personnel in the region over 32 months. Recent attacks show terrorists targeting the previously peaceful Jammu region. Prime Minister Modi has reviewed security, directing enhanced counter-terrorism measures.
On the technical charts, the 200-day moving average of the stock stood at Rs 558.55.
A total of 7,779 shares changed hands on the counter till 02:00PM (IST)
The stock quoted a 52-week high price of Rs 979.8 and a 52-week low of Rs 509.05.
Four people were arrested by police in Noida for consuming liquor in a modified car at an open space near a banquet hall in sector 73. The accused have been identified as Haider, Arjun, Ajit, and Prateek Taneja, who are part of the banquet hall management team and the bar operator. The police received a complaint against which they took immediate action.
Jasprit Bumrah's exceptional bowling skills and distinctive action have garnered attention, with a young Pakistani fan impressively replicating his style in a viral video. Bumrah's recent success in the T20 World Cup, where he was named 'Player of the Tournament', highlights his prowess as a top bowler in the cricketing world.
The NCLT said Byju's has a debt and a default in payment: all the ingredients for admitting the edtech into insolvency. BCCI had moved the tribunal for initiation of an insolvency petition last September against the edtech firm, claiming a default in payment amounting to Rs 158 crore.
"If Trump were to aggressively implement measures like tax cuts, the stock market is likely to rally," Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management, said, adding that these expectations prompted buying among Japan's high tech and other shares on Tuesday.
The stock quoted a 52-week high price of Rs 9999.95 and low of Rs 6634.6.
According to a press release by the Ministry of Defence, this latest list comprises 346 strategically important items, including Line Replacement Units, Systems, Sub-systems, Assemblies, Sub-assemblies, Spares, Components, and raw materials. The import substitution value of these items is estimated to be Rs 1,048 crore.
Union Budget Expectations: The Modi government needs to allocate more funds for the manufacturing sector to boost small businesses and create jobs, said former World Bank chief economist Kaushik Basu on Tuesday. Basu emphasized the importance of focusing on the welfare of ordinary citizens in the upcoming Budget.
Yubi Group, formerly CredAvenue, is hiring extensively and promoting leaders. Bharat Krishnamurthy is now CTO of Yubi and Aspero. Other promotions include Ramesh Ramanathan as deputy CFO, Amitesh Bhattacharya as group general counsel, and Vinod Deiveegan as chief business officer of Corpository. Over 90 campus hires joined this quarter, and 2.2 million shares were added to the employee stock option plan.
Consolidated revenue from operations for the quarter stood at Rs 11,932 crore, reflecting a 16% rise compared to Rs 10,312 crore in the corresponding quarter of the previous financial year. Sequentially, the profit after tax (PAT) for the reported quarter was down 3.4% against Rs 2,011 crore reported in the January-March quarter.
The Relative Strength Index of the stock stood at 66.06 on Tuesday.
The Bombay High Court has affirmed Congress leader Rahul Gandhi's legitimate right to an expeditious decision regarding a 2014 defamation complaint linked to his alleged remarks against the Rashtriya Swayamsevak Sangh. The court's decision, issued on July 12 by Justice Prithviraj Chavan, emphasizes the necessity for a speedy, free, and fair trial under Article 21 of the Constitution.
I think what we just mentioned, what we just discussed, that infra and realty stocks would be the best bet pre-budget as well as post-budget because that is where most focus is going to be and so infrastructure is the leading sector as of now.
The Karnataka government has announced that the 7th Pay Commission will come into effect from August 1, benefiting around 14 to 15 lakh state employees. This decision fulfills one of the demands of the people and aligns with the government's manifesto commitments.
Latest price of gold: Gold price up more than 23% in last one year
Doctors at AIIMS Delhi have addressed growing concerns and myths surrounding plastic surgery as its popularity rises. They clarified that procedures aimed at enhancing appearance are generally safer and less painful than commonly believed, attributing this to advancements in anaesthetic techniques. While some surgeries like liposuction and abdominoplasty may cause discomfort, modern pain management methods have significantly reduced the perceived pain associated with these procedures.