Ajay Srivastava, CEO of Dimensions Corporate, highlights the need for a GST rate rejig to boost the consumer side of the market. He emphasizes the importance of stimulating consumption to enhance the overall market performance. Srivastava also says that this is a market which favours momentum investing more than value investing and that is the key takeaway as the market hits new highs.
Cloud Service Providers (CSPs), which furnish information technology infrastructure primarily for data storage and computing power via the Internet, have adjusted their strategies to accommodate AI-driven demand. These providers have also disclosed plans for increased investments to support AI-driven growth.
The Delhi Police has issued a traffic advisory for Friday around the Commonwealth Games Village, designated as a strong room-cum-counting centre for the Lok Sabha elections. From 9 am to 5 pm, heavy traffic is expected due to election duties. Commuters from Sarai Kale Khan/MGM to NH-24 should use Akshardham flyover and Pusta Road. Those from ITO or Pusta Road should take a U-turn at Akshardham flyover to NH-24. Travelers to ISBTs, railway stations, or airports should plan ahead for potential delays.
The stock quoted a 52-week high price of Rs 4159.5 and a 52-week low of Rs 2655.1.
India's $5 trillion market attracts global investors. Arun Chulani of First Water Capital discusses the country's economic growth, market performance, and potential for foreign investment, positioning India as a key player in global portfolios.
Security personnel in Chhattisgarh killed eight Naxalites in an operation along the Narayanpur-Bijapur border. Seven Maoists were shot dead on Thursday, while one was killed today. After an initial encounter, a gunbattle ensued when Naxalites fired on a patrolling team. This brings the total number of Naxalites killed this year to 113.
A total of 294,223 shares changed hands on the counter till 12:16PM (IST)
The Supreme Court declined a request from an NGO to instruct the Election Commission to upload polling station-wise voter turnout data on its website during the ongoing Lok Sabha elections. The vacation bench, consisting of Justices Dipankar Datta and Satish Chandra Sharma, stated that issuing such directions would be challenging due to the need for additional manpower.
Section 54 tax benefit: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) clarified that the date of possession is crucial for claiming a tax benefit under section 54 of the Income-tax Act. This ruling highlights the importance of timely investment in a new house to reduce tax liability on profits from selling an old property.
Prajwal Revanna is facing a probe by an SIT constituted by the Karnataka government over allegations of sexual harassment and criminal intimidation following a complaint by a woman who worked in his household.
LIC Mutual Fund alters exit load structure for four equity schemes, notified via notice-cum-addendum. Effective from May 27, the duration shifts from 12 to three months
A helicopter carrying seven people, including six pilgrims, made an emergency landing near Kedarnath's helipad due to a technical snag. All passengers, including the pilot, are safe. The incident prompted Rudraprayag District Magistrate Saurabh Gaharwar to commend the pilot's quick decision, averting a major mishap. Investigations are underway. Meanwhile, Uttarakhand's Chief Secretary urges Chardham pilgrims to register and follow allocated dates for a smooth yatra experience.
Congress questions PM Modi on scrapping the controversial Agnipath scheme in Himachal Pradesh. Jairam Ramesh poses key questions ahead of rallies, highlighting BJP's alleged undemocratic practices in the state. The Congress has promised to abolish the Agnipath programme and resume normal recruitment to the Armed Forces, Ramesh pointed out.
Obviously, nobody needs any tinkering around with the capital gains taxes and stuff like that where we hear a lot of soundbites coming out. So, if that is out of the way, I do not see any problems in the space that we are in today. Frankly, I mean, this is the way forward for the government also, if they are looking at growing the economy and keeping the word of 5 trillion plus kind of GDP and stuff like that.
Japan's Nikkei share average fell 1.17% to 38,646.11, influenced by Wall Street's decline due to U.S. economic data impacting Federal Reserve rate cut expectations. The Nikkei, down 0.36% for the week, saw chip stocks like Advantest and Tokyo Electron decline, influenced by Nomura Securities' analysis and 25-day moving average support.
InterGlobe Aviation, the parent company of IndiGo Airlines, witnessed a significant uptick in its stock price on Friday, with shares climbing almost 3% on the BSE to reach a new 52-week high of Rs 4,520. This surge followed a more than doubling of the company's Profit After Tax (PAT) to Rs 1,895 crore in the fourth quarter.
The Relative Strength Index of the stock stood at 74.66 on Friday.
As of May 23, there was a notable surge in futures open interest for four stocks in the F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade.
Mango sticky rice recipe: How to make the best mango sticky rice at home?
The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of Rs 1807.0.
Bikaji Foods International's shares surged 9.3% to Rs 583.9 following a 200% jump in net profit to Rs 116.3 crore. The stock has an average target price of Rs 627, indicating a 12% upside potential.
As India prepares for a new government by June 4, a significant Rs 2.11 lakh crore windfall awaits allocation. Options range from faster deficit reduction to increased spending. Analysts anticipate positive investor sentiment, though preferences vary between deficit reduction and expenditure. The BJP-led government's cautious approach contrasts with opposition promises
A total of 218 shares changed hands on the counter till 11:36AM (IST)
Drinking water stored in earthen pots offers several health benefits. Here are seven key advantages:
