Edelweiss Government Securities Fund excels in performance, positioning itself as a market leader. Foreign investors' sustained involvement in Indian sovereign bonds is still uncertain, impacting market dynamics.
The South Asian country has set challenging revenue targets in its annual budget to help it win approval from the IMF for a loan to stave off another economic meltdown, even as domestic anger rises at new taxation measures.
Two more children have died in a suspected food poisoning incident at Indore's Shri Yugpurush Dham Baudhik Vikas Kendra, raising the death toll to five. The number of children undergoing treatment for symptoms has also increased to 38, with four in critical condition. All the children are undergoing treatment at Government Chacha Nehru Hospital, with four admitted to the Intensive Care Unit ward.
The stock quoted a 52-week high price of Rs 663.4 and a 52-week low of Rs 371.45.
According to upGrad Enterprise's Grand Sales & Workplace Report 2024, 80% of India's sales professionals feel unprepared for a rapidly evolving work environment. The report highlights that 61% are considering job changes within 3-24 months, with high stress levels, especially in automotive and retail sectors, and a significant gender income disparity in sales roles.
On Wednesday, opposition BJP leaders attempted to besiege the Karnataka chief minister's office-cum-residence, alleging rampant corruption by the ruling Congress government. They were prevented and taken into custody. Among the leaders were BJP state president B Y Vijayendra, Leader of Opposition R Ashoka, and former ministers. The BJP claims a Rs 4,000 crore scam in the Mysuru Urban Development Authority (MUDA), implicating Chief Minister Siddaramaiah's wife, and a cover-up in a Rs 180 crore Valmiki Corporation scam... Читать дальше...
Stocks of air conditioning companies listed on the exchanges have seen substantial gains in the first half of calendar year 2024.
Unidentified Flying Objects (UFOs) have fascinated people for decades, sparking debates about extraterrestrial life. World UFO Day, on July 2, commemorates the 1947 Roswell Incident when a "flying disc" was reportedly recovered, later deemed a weather balloon. Despite official denials, UFO interest persists. In 2022, Congress investigated unexplained sightings near military bases. In 2023, retired Maj. David Grusch claimed the US has hidden UFO programs, denied by the Pentagon. Skepticism and intrigue continue... Читать дальше...
A total of 273,138 shares changed hands on the counter till 11:42AM (IST).
Federal Bank's stock skyrockets to an all-time high of Rs 183.25 in June 2024, driven by impressive growth in customer deposits, credit books, and CASA numbers. The bank's stock performance continues to soar, surpassing exponential moving averages, as per Trendlyne data.
A total of 7,736 shares changed hands on the counter till 11:37AM (IST).
HDFC Bank shares surged 3% to a fresh high on an MSCI boost, targeting Rs 1,900. PFC and REC sustain above significant exponential moving averages on charts.
The BJP is planning to nominate a Muslim candidate for the Kundarki assembly bypoll. Besides Kundarki, bypolls are also due on Karhal, Katehari, Milkipur, Khair, Sisamau, Phulpur, Majahwan, Ghaziabad and Meerapur. Of the 10 bypoll-bound seats, BJP had won Khair, Phulpur and Ghaziabad while SP had won five - Katehari, Karhal, Milkipur, Sisamau and Kundarki. Meerapur and Majahwan were won by BJP allies, RLD and NISHAD party, respectively.
Processing of ITR: The income tax return (ITR) filing deadline for for the financial year 2023-24 (assessment year 2023-24) is July 31, 2024. It's crucial to file the ITR by the specified deadline to avoid penalties and late fees. Additionally, it's important to ensure that the Income Tax Department promptly processes the filed ITR.
Collective Artists Network has acquired digital content creator Terribly Tiny Tales (TTT) following funding from Nikhil Kamath. The move aligns with their goal to be India's top new media company. TTT, founded by Anuj Gosalia in 2013, reaches 25 million weekly social media users. This acquisition complements Collective Artists Network's strategy to enhance storytelling and creator support. Anuj Gosalia, TTT's CEO, looks forward to leveraging Collective's resources for greater impact.
Private equity investment in the Indian real estate sector reached USD 1.7 billion in the first half of 2024, marking a 42% increase year-on-year, as reported by Savills India. However, Q2 2024 saw investments of USD 1.1 billion, similar to the previous year's figures.
Top 10 passive funds and ETFs saw returns of up to 36% in the first half of 2024, with a focus on auto sector funds. Notable performers included ICICI Prudential Nifty Auto ETF and Mirae Asset Nifty India Manufacturing ETF, showcasing strong growth in the market.
A total of 48 shares changed hands on the counter till 11:32AM (IST)
They are still invested and their thought is that India will continue to do well and so they think that I think the banking which has been in terms of valuation cheaper than vis-a-vis a lot of other sectors and sector has been underperformer except for PSU banks.
A stampede at a religious congregation in Hathras, Uttar Pradesh, killed 121 people, mostly women, as devotees suffocated to death and bodies piled atop each other. The incident occurred as the 'satsang' ended, and some accounts say people slipped in the slush as they ran after the preacher's car, triggering the stampede. The victims were part of the crowd which had gathered near Phulrai village in the Sikandrarau area for the'satsang' by religious preacher Baba Narayan Hari.
A total of 425,545 shares changed hands on the counter till 11:27AM (IST)
Rajkumari Devi mourns the loss of her sister-in-law Ruby, who died in the Hathras stampede, and is worried about Ruby's missing five-year-old son. Rajkumari, from Unnao, sat beside Ruby's body in an ambulance, expressing grief and frustration, stating, "It's only the poor who meet this fate, not the rich." Ruby and her son were among 60 attendees at a 'satsang' led by 'baba' Narayan Hari. The stampede killed 121 people and left over 2.5 lakh devotees in chaos. Ruby's father, Chhedi Lal, also mourned, noting the family’s devastating losses.
The stock traded at a P/E multiple of 30.72, while the price-to-book value ratio stood at 5.13.
