Chinese Foreign Minister Wang Yi expressed his willingness to collaborate with India's National Security Advisor Ajit Doval to address border issues. In a congratulatory message to Doval, Wang emphasized the importance of China-India relations beyond their bilateral boundaries. This message followed a meeting between Wang and Indian External Affairs Minister S Jaishankar at the SCO summit. Despite ongoing border tensions since 2020, both nations aim to maintain peace through the Special Representatives mechanism... Читать дальше...
Vedanta chairman Anil Agarwal highlighted a $1 trillion opportunity in India's minerals and metals sector, with Vedanta poised to benefit. The company plans $8 billion in growth projects and is proceeding with its demerger into six verticals, offering investors shares in five newly listed entities.
Zydus Lifesciences Ltd has received final approval from the USFDA to market its generic Sacubitril and Valsartan tablets for treating chronic heart failure in adults. The tablets come in strengths of 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg. The drug will be manufactured in Ahmedabad.
Axis Bank and Federal Bank ended the day with gains, whereas SBI, AU Small Finance Bank, Bank of Baroda, PNB, and Bandhan Bank experienced selling pressure. The banking index is currently trading near the critical support level of 52,000, suggesting a potential technical rebound. However, if the index closes below this key support, it could trigger additional selling pressure.
Mango dessert in India: Best mango desserts to eat in all corners of India.
The Nifty Bank index closed 0.72 per cent down at 52189.3.
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
Vedanta Chairman Anil Agarwal announced at the 59th Annual General Meeting that the company is moving forward with the demerger plan to create six independent listed firms, unlocking significant value and allowing each entity to operate with autonomy while upholding Vedanta's core values. Shareholders will receive additional shares in the newly listed companies, with the company focusing on sustainable production of critical minerals and ongoing growth efforts across various projects.
Siemens has secured an order worth Rs 766 crore from Bangalore Metro Rail Corporation for the electrification of Bengaluru Metro Phase 2, a project aimed at sustainable public transport. The total order value is around Rs 766 crore, with Siemens Limited's share at around Rs 558 crore.
Uttar Pradesh Chief Minister Yogi Adityanath criticized the Samajwadi Party, referring to its leaders as the "chacha-bhatija duo" (uncle-nephew pair), implying Akhilesh Yadav and Shivpal Singh Yadav. Adityanath accused them of corrupt practices in government recruitment before 2017. He praised the recent recruitment of 7,720 accountants through the UPSSSC, highlighting its fairness and transparency compared to previous processes which he claimed were riddled with corruption.
The Nifty IT index closed 1.03 per cent down at 37280.75.
A study in India found that almost half of medical prescriptions deviated from guidelines, with pantoprazole being commonly misprescribed. The researchers highlighted potential risks like high treatment costs and adverse reactions for patients.
India's solar capacity has grown significantly, reaching 84 GW by May 2024. To achieve its 2030 target of 500 GW non-fossil fuel energy capacity, India must triple its current rate of capacity addition. Budget 2024 should enhance support for innovative renewable energy models, RE manufacturing, and necessary transmission and distribution investments.
Sectoral and thematic mutual fund categories contributed more than 50% to the total inflows in equity oriented schemes. Out of total inflows of Rs 40,608 crore in the equity mutual funds, around Rs 22,351 crore were from sectoral and thematic mutual funds in June.
India's TruAlt Bioenergy has secured a Rs 390 crore order from major oil marketing companies for the supply of 6 crore liters of 1G Bioethanol over three months from August to October 2024. The company has secured 10% of the total allocated quantity. TruAlt has an installed capacity of 14 lakh liters a day for 1G Bioethanol and 10,200 kgs a day for Compressed Biogas production.
First Abu Dhabi Bank is considering bid for Yes Bank stake. The stake sale has also drawn preliminary interest from Japan, including Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., although it remains unclear how strong their appetite for a deal is and whether they will proceed, the people said.
An elderly doctor in south Delhi lost Rs 6 lakh in an online phishing scam while trying to pay his electricity bill. The Delhi govt's power department has directed electricity distribution companies to enhance security measures, including dedicated helplines and awareness campaigns to empower consumers against fraud.
Upstox has seen cases of people attempting to pose as brands and deceive the public in a variety of industries as a result of the growing use of AI, as per a press release issued by the wealth management platform.
The Nifty Pharma index closed 0.39 per cent up at 20725.95.
Bernstein has an outperform rating for Persistent Systems and KPIT, setting a target price of Rs 5,920 for Persistent, reflecting a 30% upside scope, and Rs 2,120 for KPIT, indicating a 25% upside potential.
The TVS Apache 2024 RTR 160 Racing Edition, priced at Rs 1.28 lakh (ex-showroom Delhi), features a matte black color, red alloy wheels, ride modes, an LCD cluster, and LED lamps. Vimal Sumbly highlighted its engineering excellence. Backed by 5.5 million riders, it's now available for booking. Business - Premium head emphasized state-of-the-art technology reflecting TVS heritage.
BUDGET 2024: Finance Minister Nirmala Sitharaman should maintain the focus on capital expenditure in the Union Budget 2024 to benefit the steel industry, says Tata Steel CEO & MD TV Narendran. Continued investment in infrastructure and addressing unfairly priced steel imports from China are crucial for sustaining industry profitability and growth.
