Zepto funding: Zepto to double dark stores count to 700 taking on rivals Blinkit, Swiggy Instamart and Big Basket’s BB Now. DST Global, Lightspeed Venture Partners, Avenir Growth Capital and Avra join as new investors in Zepto. Existing investors Glade Brook Capital, StepStone Group and Nexus Venture Partners led the funding round. About 40% of funding came from new investors.
The 30-share BSE Sensex was down 257.95 points at 77220.98
The SME IPO of Medicamen Organics commenced its subscription on Friday and is scheduled to conclude on June 24. The company intends to raise approximately Rs 10.54 crore through this offering. Once successfully subscribed, the shares will be listed on the BSE SME platform.
Visuals from outside the Assembly showed watch and ward staff escorting AIADMK members outside. There were heavy police personnel outside the Assembly.
International Yoga Day: Yoga poses for beginners. Tadasana or mountain pose also promotes mental focus and calmness.
The 30-share BSE Sensex was down 303.63 points at 77175.3
Expected to open in early 2025, the company said Storii by ITC Hotels, Jaipur and Storii by ITC Hotels, Jawai, will exemplify the brand’s ethos to offer immersive experiences. Including the recently announced signing of Storii Jaisalmer, Brand Storii will now have a total of three properties within the state of Rajasthan.
Karnataka infrastructure development minister MB Patil instructed officials to prepare a feasibility report for a second commercial airport in Bengaluru, considering the city's future needs. Kempegowda International Airport (KIA) is currently the third-busiest airport in India.
The 30-share BSE Sensex was down 152.52 points at 77326.41
The Directorate of Enforcement (ED) has moved Delhi High Court against a trial court's order to grant bail to Chief Minister Arvind Kejriwal in the alleged excise policy case. The court granted Kejriwal bail on a ₹1 lakh bond, and the Enforcement Directorate's plea to stay his bail order for 48 hours was declined. Kejriwal was out on bail for 21 days and surrendered to Tihar Jail authorities on June 2.
Sun Pharmaceutical Industries announced a licensing deal with Takeda Pharmaceutical to market Vonoprazan, a novel gastrointestinal drug, in India. The agreement allows Sun Pharma to commercialize 10 mg and 20 mg tablets of Vonoprazan, an innovative treatment for acid peptic disorders, under a non-exclusive patent license.
The maiden session of the 13th Andhra Pradesh Legislative Assembly began with newly-elected MLAs taking oath. The session was presided over by Pro-tem Speaker TDP MLA G Butchaiah Chowdary. CM N Chandrababu Naidu attended after over two years, marking Pawan Kalyan's debut; upcoming elections for Speaker and Deputy Speaker, with TDP's C Ayyannapatrudu favored for Speaker. Naidu and Kalyan took oath, with Naidu exchanging pleasantries as the NDA alliance secured a majority in the elections.
Pakistan's benchmark share index surged 1.5% to a record high, surpassing 80,000 points for the first time in early trade on Friday, buoyed by optimism following the government's recent budget presentation.
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
The minister earlier claimed that Haryana for the last two weeks was releasing 100 million gallons per day less water to Delhi against its share of 613 MGD, as a result, 28 lakh people in Delhi were affected.
The Relative Strength Index of the stock stood at 55.1 on Friday.
Rupee trades 3 paise higher at 83.58 against the US dollar, supported by foreign capital and strong equity market sentiment.
Nifty formed an Inside Bar candlestick pattern, Bank Nifty outperformed, Axis Bank showed strength, and Deepak Nitrite gave a trendline breakout with call open interest at the 2700 strike.
Hectic schedules, poor eating habits, and extended work hours all have a negative impact on your health. With the increasing number of life-threatening conditions, many people have begun to practice yoga on a daily basis.
Consumers have increased their spending on daily essentials, groceries, and household products by 18% in the first quarter of 2024 compared to two years ago, according to a recent Kantar report. Despite a recent softening in commodity prices, the prices for these goods remain nearly a fifth higher.
The Nifty Auto index was trading 0.4 per cent up at 25368.95.
Union Budget: Following recent Indian election results, Prime Minister Narendra Modi reasserts control over the federal government. Despite depending on various allies for support, none have significant ministerial roles. The focus shifts to relations between New Delhi and influential state governments, with demands for increased federal funds. The upcoming budget will reveal potential shifts in India's policy landscape.
Delhi Weather: New Delhi witnessed a partly cloudy sky with thunderstorms and light rain likely. The minimum temperature settled at 28.4 degrees Celsius. The maximum temperature is expected to reach 40 degrees Celsius. The Air Quality Index was recorded at 157, in the 'moderate' category.
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price.
The Nifty Realty index was trading 0.28 per cent down at 1137.15.
