In a recent report, Morgan Stanley has lauded India's PM Gati Shakti scheme, highlighting its significant impact on infrastructure development. The report emphasizes India's robust increase in infrastructure investment, projected to rise from 5.3% to 6.5% of GDP by F29, driven by a strong 15.3% CAGR. This growth is expected to total USD 1.45 trillion over five years, fostering high productive growth and enhancing investment rates. PM Gati Shakti integrates 16 ministries for coordinated infrastructure planning... Читать дальше...
As nifty touches a new all time high, the desire to look at one's portfolio and see whether it has touched a new high. There is a high probability that if one had a higher exposure to small cap stocks the value of one's portfolio might not have touched a new high. The reason, a large part of the small cap market is in a consolidation mode. This is once again a reminder of the fact that there are phases where small caps will not perform and investing in small caps should be delinked from what is happening in nifty. Читать дальше...
The five-day strike by junior doctors - those in the early years of their careers - shines a spotlight on the troubles besetting the chronically underfunded National Health Service, Britain's state-funded public health system, a topic that is a a top concern for voters going to the polls on July 4.
India has significantly expanded its military training programs to strengthen defence partnerships with Gulf, ASEAN, and African nations. Initiatives range from basic infantry skills to advanced systems like submarines and fighter jets. Recently, 76 cadets from Saudi Arabia's King Fahad Naval Academy trained at India's Southern Naval Command in Kochi, focusing on maritime operations and seamanship. India hosts personnel from 26 African countries annually, providing training in counterinsurgency and jungle warfare.
Mandatory linking of CGHS beneficiary ID with ABHA ID: The Ministry of Health and Family Welfare has announced a temporary suspension of the mandatory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID. Citing a review of their earlier directive, the Ministry issued an office memorandum on June 25, 2024, stating the decision to put the implementation on hold until further notice. This move aims to reconsider the compulsory integration of the two IDs... Читать дальше...
On the technical charts, the 200-day moving average of the stock stood at Rs 1479.44.
The Jharkhand government has blacklisted Damodar Ropeways and Infra Ltd (DRIL), the cable car operator at Trikut Hills in Deoghar district, for five years and slapped a fine of over Rs 9 crore on it, a senior official said on Thursday. A major cable car accident at Trikut Hills in April 2022 had claimed three lives, while over 60 people were rescued after being stranded mid-air for about 46 hours in joint operations by NDRF, Army, Air Force and administration.
Three Singaporean women, including an Indian-origin activist, were charged for organising a procession supporting the Palestinian cause without a permit. Annamalai Kokila Parvathi, Siti Amirah Mohamed Asrori, and Mossammad Sobikun Nahar were accused under the Public Order Act for assembling near the Istana. Annamalai allegedly abetted the offense. They were offered bail and their cases scheduled for further mention in court.
A total of 212,979 shares changed hands on the counter till 02:05PM (IST)
It can be difficult to decide on a healthy and appropriate snack to have while travelling.
Samajwadi Party chief Akhilesh Yadav responded to the President's Address to the joint session of Parliament, noting it as a traditional representation of the government's views. He emphasized the significance of the speech as reflecting the government's stance. Meanwhile, Congress MP Pramod Tiwari criticized the government, describing it as tired and lacking willpower, with nothing new to offer for the nation's benefit. Congress leader Imran Masood echoed similar sentiments, alleging that the address... Читать дальше...
The client withdrawals are among the first indicators of the probe’s impact. The Securities and Exchange Board of India is reviewing alleged front-running trades by Quant Mutual Fund employees, Bloomberg News reported earlier this week, citing people familiar with the matter.
The Municipal Corporation of Delhi (MCD) House meeting on Thursday saw protests by BJP and Congress MLAs over a water crisis in Delhi. The proceedings, delayed by an hour, began at 11.55 am. Soon after, opposition councillors entered the well of the House, raising slogans against the AAP government led by Chief Minister Arvind Kejriwal. BJP councillors were seen carrying earthen pots and chanting "Jai Shree Ram" and "Bharat Mata Ki Jai."
The Central Board of Indirect Taxes and Customs (CBIC) clarified that multinational companies offering Employee Stock Purchase Plans (ESPPs), Employee Stock Option Plans (ESOPs), or Restricted Stock Units (RSUs) without additional charges will not attract GST. This decision benefits tech giants like Google, Microsoft, Oracle, and Walmart, alleviating tax litigation concerns
The stock quoted a 52-week high of Rs 1467.3 and a 52-week low of Rs 959.55.
As far as budget is concerned, nowadays most of the decisions are actually taken during the course of the year administratively. So, as far as budget is concerned, budget is no longer the budget which it used to be 10-15 years back
The IPO of Allied Blenders and Distillers, subscribed over 4 times on its third and final day. NIIs show strong interest with a 14x subscription, followed by retail investors at 2.89x. However, the QIB portion lags at 21%. The IPO combines a Rs 1,000 crore fresh equity sale and OFS of 1.77 crore shares, allowing promoters Bina Kishore Chhabria and Resham Chhabria Jeetendra to reduce their stakes.
NASA has chosen SpaceX for an $843 million contract to develop a US Deorbit Vehicle, tasked with safely bringing the International Space Station (ISS) out of orbit by 2030. This mission ensures a controlled re-entry into Earth's atmosphere, targeting the Pacific Ocean's remote Point Nemo. The decision underscores international efforts to manage the ISS's safe transition after its operational tenure since 2000.
Aditya Birla Sun Life Crisil Broad Based Gilt ETF NFO, managed by Kaustubh Gupta, offers income through gilt securities with moderate risk. Subscription open until July 1, suitable for investors seeking exposure to CRISIL Broad Based Gilt Index.
A total of 6,294 shares changed hands on the counter till 01:54PM (IST)
A total of 2,522 shares changed hands on the counter till 01:49PM (IST).
A total of 8,074 shares changed hands on the counter till 01:44PM (IST)
Emcure Pharmaceuticals, backed by Bain Capital, is set to launch its IPO on July 3. The IPO includes fresh equity shares issuance and Offer of Sale. Proceeds will be used for debt payment and corporate purposes.
