Indian Navy chief Admiral Dinesh K Tripathi visited Bangladesh to bolster defense ties, meeting with Army Chief General Waker-Uz-Zaman and Air Force Chief Air Marshal Hasan Mahmood. Discussions included enhancing cooperation in training, joint exercises, and interoperability. Tripathi also met with Navy Chief Admiral M Nazmul Hassan, emphasizing the strong naval cooperation between India and Bangladesh. The visit aimed to strengthen bonds and explore new avenues for collaboration.
HDFC Bank, Bajaj Finance, Wipro, Adani Ent. and Tech Mahindra were among the top losers on NSE in today's trade.
The Nifty Pharma index closed 1.39 per cent up at 20192.6.
Rishi Sunak has made history as the first Prime Minister of Indian heritage in the UK. Rising from Chancellor during the COVID pandemic, he navigated economic challenges but faced party scandals. Despite his achievements, anti-incumbency sentiments prevail. Sunak's family background, values, and dedication to public service shape his leadership.
Shyam Metalics and Energy Ltd has appointed former SAIL CMD Chandra Shekhar Verma as its independent director. Verma will join the strategic advisory board and participate in key decision-making processes for the company's growth and development. Prior to joining, Verma served as Chairman and Managing Director of SAIL.
Prime Minister Narendra Modi on Thursday said he had a memorable conversation with the members of T20 World Cup-winning Indian cricket team, discussing their journey at the recently-concluded ICC event in USA and the Caribbean.
BCD Group secured a 1.5 million sqft residential project in Bengaluru from Ramsons Trendsquares for Rs 660 crores, their first collaboration. The mixed-use development spans 6.5 acres with 600 units in phase 1 and 5 million sqft in phase 2. With the first phase sold out, BCD aims to begin phase 2 soon. The project capitalizes on Bengaluru's premium real estate market, especially in Sarjapur's thriving tech hub.
Bengaluru's Kempegowda International Airport remains top Indian airport for perishable exports for 4th consecutive year, handling 63,188 metric tons in 2023-24, up 18% from previous year. It accounted for 28% of India's perishable exports, processed 44% of south India's total and 28% of national share for FY 2023-24.
The bank index saw a modest gain of 14 points, closing at 53,103, after hitting an intraday record high of 53,357. The Nifty50 also rose by 16 points, closing at 24,302. There was notable buying interest in Bank of Baroda, Kotak Bank, AU Small Finance Bank, and ICICI Bank. Conversely, selling pressure was observed in SBI, IndusInd Bank, Bandhan Bank, and HDFC Bank.
Extra security has been increased at Churchgate and other local railway stations for India's T20 cricket team's victory parade in south Mumbai, coinciding with the evening rush hour. Western Railway has deployed more staff for crowd management, with additional ticket checking and UTS windows operational till midnight. Crowds have started gathering since afternoon to witness the parade from Marine Drive to Wankhede Stadium.
Bank of Maharashtra reported a 19% growth in credit to Rs 2.09 lakh crore for the April-June quarter, with outstanding credit at Rs 1.75 lakh crore. Total deposits increased by 9.44% to Rs 2.67 lakh crore, with Current Accounts and Savings Accounts declining to 49.86%. Credit Deposit ratio increased to 78.18%.
Hemant Soren of the Jharkhand Mukti Morcha (JMM) took oath as the Chief Minister of Jharkhand for the third time on Thursday, following his bail in a money laundering case. Earlier in the day, Jharkhand Governor C. P. Radhakrishnan invited Soren to form the government, a day after Champai Soren resigned from the chief minister's post.
The 30-share BSE Sensex closed up 62.87 points at 80049.67
The Mohalla bus scheme is a significant initiative by the Delhi government to enhance local transport services. It involves the introduction of nine-metre-long electric buses that are well-suited for navigating narrow roads and congested areas where larger buses struggle to operate efficiently.
In a special state executive committee meeting, BJP's Yediyurappa challenged Karnataka CM Siddaramaiah to dissolve the legislative assembly, claiming BJP would win over 140 seats. He blamed Congress’s corruption for its loss of popularity, citing Congress's underperformance in Lok Sabha, winning only nine out of 28 constituencies despite a previous landslide of 136 state assembly seats. Financial irregularities in KMVSTDC and MUDA were noted. He urged BJP to demand the CM’s resignation in the legislative session.
Reliance Industries is beta testing its Android-based Jio TV OS for a Diwali launch. Competing with Samsung and LG, it will run 4K TVs under BPL and Reconnect, announced by Akash Ambani. Licensing deals and JioCinema integration drive revenue. Jio TV OS is open source. Bug fixes are ongoing amid market trends showing a decline in small-screen TV demand.
The Nifty Auto index closed 0.73 per cent up at 25366.45.
Russia's Rostec corporation has organized the production of armour-piercing rounds for Russian-made battle tanks in India. The "Mango" projectiles are designed to be fired from the guns of T-72 and T-90 tanks used by India's land forces. Rostec plans to localize gunpowder production in India as part of the Indian government's push for more foreign goods.
The Nifty IT index closed 1.1 per cent up at 37725.9.
A recent report by C-Suite Comp reveals that Nikesh Arora, chairman and CEO of Palo Alto Networks, is the only Silicon Valley executive of Indian descent featured among the top ten highest-paid CEOs in the US.
Nomura's bullish stance on Indian IT credits G2000 data stabilization, benefiting midcaps like Persistent, Coforge, and Birlasoft. Wipro's new CEO Srini stabilizes leadership and growth. Discretionary cuts stabilize; US rate cuts expected. Coforge-Cigniti deal boosts testing. Annuity-driven businesses grow. Banking portfolios, large deals vital. FY24 saw midcaps grow 10%+. QoQ growth set to improve.
The Nifty Realty index closed 0.51 per cent up at 1119.5.
The district is acquiring land from villages for Noida Airport's second phase. Resettlement and compensation are progressing. YIAPL plans test flights by November and aims for commercial operations by year's end. Completion delayed to April 2025. DS Mishra, Noida International Airport Limited, and four new vendors are addressing steel shortages. Farmers to resettle in Falaida Bangar.
Indian headline indices traded in a range on Thursday though they managed to register fresh record highs on a closing basis.
