SBI Mutual Fund has introduced the SBI Silver ETF, an open-ended exchange-traded scheme designed to track the price movements of silver.
China threatens death penalty for extreme cases of Taiwan independence separatists, despite lack of jurisdiction. China plans to punish separatists severely and defend national unity. The new guidelines, based on existing laws, allow for military action against Taiwan if it secedes. Chinese official warns of death penalty for secession crime. Taiwan government is yet to respond. Previous legal measures against Taiwanese officials had little effect due to lack of jurisdiction.
Russian President Vladimir Putin's unprecedented visit to North Korea aimed to bolster ties with Kim Jong Un, marked by Putin's gift of a Russian-made Aurus Senat limousine. The leaders' jovial test drive in the armored vehicle was captured in a widely circulated video. Kim reciprocated with two Pungsan dogs. The diplomatic exchange underscores efforts to strengthen relations amidst global scrutiny.
Delhi Chief Minister Arvind Kejriwal's wife, Sunita Kejriwal, claimed on Friday that the Enforcement Directorate (ED) moved to challenge her husband's bail order even before it was available on the trial court's website. Sunita made these remarks while speaking in south Delhi's Bhogal, where Delhi Water Minister Atishi began an indefinite hunger strike to demand more water from Haryana. Sunita expressed concerns over what she described as the country's growing dictatorship.
A total of 617,127 shares changed hands on the counter till 01:18PM (IST).
In the upcoming Budget, Finance Minister Nirmala Sitharaman is set to prioritise infrastructure investment to boost demand for steel, cement, and create jobs. The Indian government eyes funding from the UK, Saudi Arabia, and Japan for specific projects like roads and highways. Investor concerns, equity offerings, and environmental considerations are key factors in attracting investments.
ETMarkets analyzed companies in the BSE500 that reported losses in FY24 after being profitable in FY23. About 10 companies experienced this downturn during the current fiscal year.
ITR filing: 6 precautions to take while filing ITR
India Budget Tax Expectations: India's government under Prime Minister Narendra Modi is considering measures worth over 500 billion rupees to boost consumption in the upcoming budget. This includes tax cuts for lower income individuals for the first time in seven years. The plan aims to target consumers with high propensity to spend amidst economic challenges.
The Indian health ministry has reported 143 recorded deaths and 41,789 people suffering from suspected heatstroke between March 1 and June 20 this year. However, the heatwave toll is expected to be higher due to the lack of updated data from states and health facilities uploading data on heatwave casualties. Union Health Minister J P Nadda has directed officials to visit central hospitals to assess the number of deaths due to heatstroke and to set up special heatwave units in all central government hospitals.
Kavach: The basic reason why the installation of this technology is taking time is because deploying it is a complex process, particularly because it has to be installed on existing networks without disrupting train schedules.
A total of 7,101 shares changed hands on the counter till 01:03PM (IST)
Airbus and Boeing are the main suppliers of aircraft to airlines, but the European planemaker is struggling to boost production amid record orders and Boeing is under scrutiny from regulators after a mid-air panel blowout on a new plane in January.
Hindustan Zinc's shares surged 6% after signing an MoU with AEsir Technologies, Inc. for zinc supply, a key material for next-gen batteries. AEsir specializes in zinc battery tech, part of global energy transition efforts.
Union Budget 2024: A revenue deficit arises when a government's day-to-day expenses surpass its total revenue receipts, necessitating borrowing, divestments, or adjustments in taxes to bridge the shortfall. In contrast, a fiscal deficit occurs when government expenditure exceeds its total receipts, influencing aspects like economic growth, price stability, production costs, and inflation.
Japan's Nikkei share average closed slightly lower on Friday due to losses in technology shares, offsetting gains in value stocks amidst a weak yen and higher yields.
A total of 1,794 shares changed hands on the counter till 12:52PM (IST)
Union Budget 2024: Any political party that assumes government, whether through majority or coalition, in India shoulders significant responsibilities towards society, politics, and the economy. It is crucial to allocate resources in a manner that facilitates progress in a country as diverse as India, with its rich cultural, religious, and economic diversity.
Budget 2024: The Union Budget, crafted annually by the Department of Economic Affairs within the Ministry of Finance, functions as a comprehensive financial blueprint for the nation. It details projected revenues and expenditures for the forthcoming fiscal year. The preparation process for Budget 2024 commenced six months ahead of its presentation, initiating with the dissemination of Budget Circulars to pertinent ministries and departments.
On Friday, major cryptocurrency tokens experienced declines amidst a strengthening U.S. dollar, which reached an eight-week high. The Federal Reserve's cautious stance on interest rate cuts diverged from more accommodative approaches taken by other central banks.
The stock quoted a 52-week high of Rs 436.6 and a 52-week low of Rs 262.1.
ArcelorMittal's India joint venture warned New Delhi that planned curbs on low ash metallurgical coke imports, crucial for steelmaking, could harm the industry. The Red Sea crisis complicates supply chains, and the proposed 40% quota for European imports could disrupt operations. India's imports of this key steelmaking fuel have doubled in four years.
ET reported on June 20 that Oyo has received shareholder approval for raising Rs 416.85 crore through preference shares in an extraordinary general meeting (EGM) held on June 18. The shareholders also gave their nod to increasing Oyo's authorized share capital from Rs 901.14 crore to Rs 1,341.14 crore.
However, if we look at the longer-term valuations of the entire private sector pack, that have actually time corrected and most of them are trading at their long-term averages, that means prices have not gone anywhere but earnings have actually grown.
