India's inclusion in the J.P. Morgan GBI-EM Global Series is set to attract significant inflows, increase EM Asia's weight, and bolster non-resident participation in the local bond market. With the potential for $25-30 billion inflows, the move marks a pivotal moment for India's fixed-income market.
In the unlisted market, the company's shares are trading at a premium of Rs 175. If the trend continues, the company is expected to debut with gains of 175% on July 1. Investors can check the status of Shivalic Power Control IPO allotment by logging in to the official website of the registrar, which is Skyline Financial Services in this case.
President Droupadi Murmu highlighted the government's efforts to boost domestic defence production. She claimed that nearly 70 per cent of defence procurement was sourced from Indian manufacturers in the last year, and reforms resulting in India manufacturing over Rs one lakh crore of defence equipment. She emphasised upon modernisation of the armed forces, the importance of continuous reforms for military supremacy, and India's increasing defence exports, including the BrahMos missile deal with the Philippines.
A viral video shows a woman walking nude on a busy road in Ghaziabad, Uttar Pradesh, raising concerns about public safety and law enforcement. Filmed at Mohan Nagar on June 25, the footage depicts her calmly strolling amidst traffic, with no bystanders intervening. Authorities are investigating while her identity remains unknown.
Serentica Renewables on Thursday said it has invited expressions of interest (EoIs) from interested players for supply of battery energy storage systems. "Serentica is seeking technical partners worldwide to supply BESS capable of delivering reliable energy storage. Serentica invites EoIs for 800 MWh standalone battery energy storage from across the world," it said in a statement.
China's space officials announced that scientists worldwide could apply to study lunar rock samples from the Chang'e 6 mission. Cooperation, however, excludes the U.S. due to the Wolf Amendment, which restricts direct bilateral collaboration with NASA. China welcomes international scientists but refrains from revealing specific sample details pending further announcements. Future plans include lunar and planetary exploration missions.
Karnataka Congress chief D K Shivakumar dismissed calls for three more Deputy Chief Ministers, urging ministers to seek solutions from the high command rather than discussing it in the media. Some ministers advocate for diverse community representation in the deputy CM posts. Chief Minister Siddaramaiah reportedly advised against public statements on the issue. Shivakumar's supporters are backing him for the Chief Minister post, amid speculation and internal party dynamics.
MapmyIndia, backed by JM Financial, aims for substantial revenue growth driven by new geospatial policies and diverse revenue streams.
Leader of Opposition in the Lok Sabha Rahul Gandhi met Speaker Om Birla on Thursday and voiced his displeasure over the reference to Emergency made by the chair, saying it was "clearly political" and could have been avoided. It was a courtesy call during which Gandhi also raised the issue of Emergency being invoked by the Speaker in the House, AICC general secretary K C Venugopal told reporters after the meeting in Parliament House.
Ahsan Kharbai's six-year wait for his Flipkart order of Sparx slippers became a social media sensation after he received an unexpected call from the platform's customer support. Despite the order showing perpetual delays, Kharbai's humorous recounting of the incident online sparked discussions about e-commerce logistics and customer service challenges.
Sebi is scrutinizing Quant Mutual Fund for alleged front-running. The fund had unique stocks, setting it apart from other asset managers. The diverse holdings across various funds reflect a distinctive investment approach, attracting regulatory attention.
Veteran BJP leader Lal Krishna Advani, aged 96, was discharged from AIIMS on Thursday after being admitted the previous night. He was evaluated by a team of doctors from various specialties, including urology and geriatric medicine, and underwent a minor procedure. According to an AIIMS official, Advani was hospitalized for old age-related issues and has now been discharged from the old private ward of the hospital.
Visaman Global Sales is likely to finalise the share allotment process later today. Investors can check the status of Visaman Global Sales by logging in to the official website of the registrar, which is Link Intime India in this case.
Nilesh Shah says that he always recommends that people follow their asset allocation dharma. If they are too much over-invested into equity, there is no harm in taking profit. If they are under-invested in equity, then there is no harm in investing even at this level, but with a longer-term horizon.
BlackRock's IBIT saw significant trading volume, while the market anticipated the expiry of multi-billion dollar Bitcoin and Ethereum options. Strong institutional interest and positive trading activity influenced the crypto market's momentum, underscoring ongoing market dynamics and investor sentiment.
The initial public offer (IPO) of Vraj Iron and Steel picked up pace on the second day of the bidding process. The issue was subscribed over 8 times so far, driven by strong interest from retail and non-institutional investors.
The Centre has extended Andhra Pradesh Chief Secretary Neerabh Kumar Prasad's tenure for six months till December 31. He was to retire on June 30. The state government had written to the Centre to extend Prasad's tenure.
“Four persons were killed, including a two-year-old boy, who was playing on the municipal beach, and a nine-year-old girl. One hundred and fifty-one people applied for medical assistance; 82 persons – 55 adults and 27 children – were hospitalised, many of them in a grave condition. All patients are receiving medical aid,” the statement said.
But with respect to the investment I think every investor would have their own risk appetite and asset allocations would play a very major role. Therefore, irrespective whatever the market condition, one should not move away from asset allocations focus and stick to the asset allocation focus.
Maharashtra’s economy is projected to grow by 7.6% in 2023-24, mirroring India's expected growth rate. The state’s agriculture sector, impacted by adverse conditions, is set to increase by 1.9%, while the industry and services sectors are forecasted to expand by 7.6% and 8.8%, respectively.
Amazon Pay India intensified competition with Paytm, PhonePe, and Google Pay, receiving a capital infusion of Rs 600 crore. The company invested Rs 950 crore in the platform and Amazon Seller Services, facing challenges due to RBI actions. With tie-ups for various services, Amazon Pay India reported significant operational revenue and narrowed net losses.
China aims to find a "mutually acceptable solution" with the EU regarding preliminary tariffs on Chinese electric vehicles set to begin on July 4, seeking to avoid escalating trade tensions. Beijing wants the EU to drop the tariffs, while Brussels insists on addressing alleged subsidisation in China's EV industry. Negotiations are ongoing, with both sides working towards a resolution to protect economic relations.
Wholesale volumes across various segments of the automobile industry in June 2024 are expected to show a subdued trend. This is primarily due to the absence of wedding dates, as stated in an Anand Rathi report. Analysts predict a mixed performance in the market. Two-wheeler (2W) volumes are anticipated to be resilient, while passenger vehicles (PVs) and commercial vehicles (CVs) are expected to see slight declines. Tractor volumes are likely to remain flat.
