MyFi is a personalised product created specifically for India, taking inspiration from its successful US counterpart, Magnifi, as explained by Kiram Nambiar, cofounder and CEO of MyFi said. MyFi is compatible with Android and iOS operating systems, it is a subscription-based model with plans starting at Rs 299/month
Former Indian cricketer Dinesh Karthik has transitioned into coaching as he takes on the role of batting coach and mentor for the Royal Challengers Bangalore (RCB). Known for his IPL career, Karthik aims to bring his experience and passion for cricket to RCB, emphasizing the importance of tactical awareness and staying composed under pressure. RCB hopes his guidance will help bolster their team performance as they strive to clinch their first-ever IPL title despite their consistent presence in the league over the years.
As of 31-Mar-2024, promoters held 51.14 per cent stake in the company, while FIIs held 17.56 per cent and domestic institutional investors had 18.06 per cent.
The Nifty Bank index was trading 0.12 per cent up at 52406.8.
Goldman Sachs, Bernstein, and Nuvama initiated coverage on stocks such as TBI Tek, CE Info Systems, and PNB Housing Finance, identifying potential upside of up to 34%.
The global tech industry is poised for major transformations, with India playing a pivotal role in forthcoming high-value deals. Key sectors driving this activity include medical tech, health tech, electric vehicles (EVs), and renewable energy, according to Rupinder Malik of JSA Advocates & Partners. Despite mixed deal closures, robust interest in India's market and evolving due diligence practices highlight the potential for significant future transactions.
The West Bengal police on Sunday filed a suo motu case and arrested one person in connection with the video in which a person is seen beating a woman at Chopra in the Islampur area of Uttar Dinajpur district. "Police have arrested one person who had publicly assaulted a woman. Suo motu case filed. Victim has been provided police security. Investigation proceeds," a tweet from Islampur police district read.
Vodafone Idea's target price sees a boost post-tariff hike, reflecting industry trends. Kotak Equities emphasizes low ARPU in India and the need for Jio to seize monetization opportunities.
Promoters held 37.91 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 23.66 per cent and 12.38 per cent, respectively.
The 30-share BSE Sensex was up 192.6 points at 79225.33
T20 World Cup Final: The Indian cricket team secured their second T20 World Cup title with a thrilling win over South Africa. The BCCI announced a cash prize of INR 125 crores for the team, in addition to the INR 20.41 crores prize money. Key contributions from Virat Kohli, Arshdeep Singh, and Jasprit Bumrah were instrumental in the victory. Fans eagerly await details of the team's return and celebrations. This victory ends India's 11-year ICC trophy drought.
JSW MG Motor India reported a 9% year-on-year decline in retail sales for June, with 4,644 units sold compared to 5,125 units in June 2023. Despite this, the company's flagship SUV, the ZS EV, achieved its highest-ever monthly sales in June 2024.
In the last 20 years, several mid cap mutual funds, including Sundaram Mid Cap Fund and Nippon India Growth Fund, efficiently multiplied a Rs 5 lakh investment to Rs 1 crore. Tata Mid Cap Growth Fund and Franklin India Prima Fund also showcased impressive growth with substantial returns and notable Compound Annual Growth Rates (CAGR).
Prime Minister Narendra Modi marked Doctor's Day by emphasizing his government's commitment to enhancing India's health infrastructure and ensuring doctors receive the respect they deserve. July 1 is observed as National Doctor's Day in honor of Bidhan Chandra Roy, a prominent doctor and former West Bengal chief minister, whose birth and death anniversary coincides with this day.
The stock traded at a P/E multiple of 41.99, while the price-to-book value ratio stood at 4.48.
Reliance Jio and Airtel will raise tariffs from July 3, 2024, to boost Average Revenue per User (ARPU), impacting millions of subscribers. Prepaid users can avoid hikes by recharging before July 3. Adjustments range from 12% to 25% for Jio and 11% to 21% for Airtel. Postpaid users will see immediate changes in their billing cycles.
NTPC, Apollo Hospital, Divis Labs, M&M and Power Grid were among the top losers on NSE.
Vraj Iron and Steel IPO, oversubscribed 100 times, plans to utilize proceeds for Bilaspur plant expansion. The company's shares trade at a premium in the unlisted market. Product offerings include TMT bars and Dolochar. Loan from HDFC Bank to be repaid with IPO funds, with internal accruals contributing to the balance amount.
The stock traded at a P/E multiple of 152.51, while the price-to-book value ratio stood at 2.39.
The stock quoted a 52-week high of Rs 666.85 and a 52-week low of Rs 486.75.
The NSE Nifty index was trading 79.86 points up at 24090.45
“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a double-digit volume growth in the PV business continues, M&M can still do well from the current levels.”
Senior Congress leader Jairam Ramesh greeted former vice president M Venkaiah Naidu on his birthday on Monday and hoped that the "promise" he made on the floor of the Rajya Sabha that the BJP, when elected to power, will grant special category status to Andhra Pradesh for a period of ten years will get fulfilled soon. Naidu, who served as the 13th vice president of India from 2017 to 2022, turned 75 on Monday.
Toyota Kirloskar Motor achieved its best-ever monthly sales in June 2024, with 27,474 units, marking a 40% increase from June 2023. Domestic sales were 25,752 units, while exports reached 1,722 units. The sales surge was driven by strong demand for SUVs and MPVs and strategic expansion into rural markets.
