The approval still has to be vetted by the finance ministry, which will remove the main stumbling block to the unit, Paytm Payment Services, resuming normal business operations. Paytm Payment Services is one of the biggest remaining parts of the fintech firm's business.
The Allahabad High Court postponed the Gyanvapi Mosque case to August 12 after a plea contesting the Varanasi District Court's decision to deny the Archaeological Survey of India (ASI) access to survey the Wuzkhana area within the mosque. The area had been sealed in 2022 by a Supreme Court order. The ASI had said that the survey revealed that a Hindu Temple existed before the mosque was constructed.
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address the needs of all the customers. The trade products are in line with that vision".
Atypical Advantage has launched Atypical Academy, a skill development platform for people with disabilities, offering inclusive training to bridge skill gaps and improve job prospects. With partnerships with 300+ organizations, the platform provides screen reader-friendly content, sign language support, and industry-experienced trainers. It aims to train 100,000 learners by 2030.
When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase
Highlighting the impact of Indian cinema, PM Modi noted how Raj Kapoor's legacy influenced subsequent generations of stars, including Mithun Chakraborty, whose dynamic performances in films like 'Disco Dancer' captivated Russian audiences in the 1980s.
A proposal to rename Ramanagara district as 'Bengaluru South' gained momentum. The moment was led by Karnataka Deputy Chief Minister D K Shivakumar. The delegation met Chief Minister Siddaramaiah, advocating for the change citing Bengaluru's international reputation. The proposal includes keeping Ramanagara town as the district headquarters and aims to enhance development and industries in the area. Discussions are ongoing on the potential second airport location in Ramanagara or Tumakuru by 2032.
Budget Expectations: After the BJP formed a government with allies due to a lack of majority, Nirmala Sitharaman's reappointment as finance minister signaled policy continuity. Despite the interim budget not allowing major announcements, her prudence over populism stood out. With fiscal pressures and demands for cash transfers, her upcoming budget will be closely watched.
Hotel stocks, especially those with a market capitalization exceeding Rs 2000 crore, have shown impressive performance over the past year, with eight of them posting gains ranging from 30% to 160%
Leasing activity in Q2 2024 reached 17.2 million square feet, reflecting a slight decrease of 2% compared to the previous quarter. However, new office space supply surged by 64% quarter-on-quarter to 10.8 million square feet. Bengaluru maintained its position as the top contributor to national leasing activity in the first half of 2024, accounting for 28% of the market. Mumbai and Hyderabad followed closely behind with shares of 18% and 16%, respectively
In June, mutual fund (MF) SIP contributions exceeded Rs 20,000 crore, totaling Rs 21,260 crore, up from Rs 20,904 crore in May. Total SIP contributions for the first half of 2024 surpassed Rs 1 lakh crore, reaching Rs 1.19 lakh crore.
The Eastern Railway reported a 9.97 per cent increase in passenger revenue, totaling Rs 953.24 crore for the first quarter of the 2024-25 fiscal year, compared to Rs 866.79 crore in the same period last year. Originating passengers rose by 3.36 per cent to 2,87,654 from the previous year's 2,78,309, according to an official statement.
Among the above-mentioned peers, RVNL is followed by Ircon International with a market capitalization of Rs 29,179.5 crore, Jupiter Wagons and Titagarh Rail Systems with a market cap of Rs 28,965.69 crore and Rs 23,920.08 crore respectively.
The Maharashtra legislative council unanimously passed a resolution to rename seven Mumbai local train stations. The Mahayuti government, led by Chief Minister Eknath Shinde and Deputy CM Ajit Pawar, will seek Union government approval for the new names. The resolution, proposed by Minister Chandrakant Patil, aims to replace colonial-era English names. Currey Road will become Lalbaug, Sandhurst Road as Dongri, Marine Lines as Mumbadevi, Charni Road as Girgaon, Cotton Green as Kalachowki, Dockyard Road as Mazgaon... Читать дальше...
Decoding the impact that is expected from the 5% waiver, Mahendra Luniya, chairman & founder of Vignaharta Gold said that in FY23, India's gold imports totaled an estimated Rs 2.8 lakh crore and at a 15% import duty rate, the industry's customs duty payout is estimated at Rs 42,000 crore, noting that the latest exact data was not available with him.
Bansal Wire shares will debut on the bourses on Wednesday. Ahead of the listing, the company's shares were trading with a grey market premium of Rs 63. The company proposes to use the funds from the IPO to repay some of its debt, working capital requirements, and other general corporate purposes.
No, we are not expecting any cut on GST on cement. It is a very touchy topic, meaning obviously 28% is a very high GST number for a thing like cement which is an essential commodity. But I think government would be vary that if they cut GST, it will not be passed on, that is number one.
Union Minister Hardeep Singh Puri announced that oil marketing companies are implementing eKYC Aadhaar authentication for LPG customers to tackle bogus accounts used by gas distributors for commercial cylinders. This move follows concerns raised by Kerala's Leader of the Opposition, VD Satheesan, about the challenges faced by consumers during the mustering process, which involves verifying Aadhaar details during cylinder delivery. Minister Puri assured that steps are being taken to address any inconvenience... Читать дальше...
"During the special drive, 11 vehicles were found without fitness certificate, which will be handed over to concerned RTOs for further necessary action. Such special drives will continue regularly to ensure safety of students and other road users," Anucheth added.
GT20 Canada: Fans in India can catch all the action of the upcoming GT20 Canada, starting July 25 exclusively on Star Sports. The league features top T20 players like Babar Azam and Shaheen Shah Afridi. With 21 league games in 13 days, the tournament aims to boost cricket's popularity in North America. Star Sports' collaboration with GT20 Canada ensures world-class cricket entertainment for Indian viewers.
Bitcoin was trading 2.7% higher at $57,268, while Ethereum surged 5.3% to $3,071. Other prominent cryptocurrencies, including BNB, Solana, XRP, Toncoin, Dogecoin, Cardano, Tron, Shiba Inu, Polkadot, and Polygon, surged by up to 7%.
Porinju Veliyath stresses market correction readiness, noting Raymond’s stock's rise from Rs 300 in 2021 to Rs 3,100. Raymond's lifestyle, real estate, engineering segments, Maini Precision ties, and the Rs 7,000 crore demerger on the 11th are key. Promoter attitudes, stock picking fundamentals, valuation comparisons, and a bulk deal in related stocks are also discussed.
LIC Mutual Fund named Nikhil Rungta as co-chief investment officer – equity (Co-CIO) from June 19, 2024, and notified unitholders via a notice-cum-addendum. Currently, LIC MF manages 39 schemes: 14 equity, 9 debt, 5 hybrid, 1 solution-oriented, and 10 passive (ETF and Index funds), with approximately 7.07 lakh folios.
A total of 26,185 shares changed hands on the counter till 02:09PM (IST).
