The Bombay High Court directed Patanjali Ayurved to deposit ₹50 lakh for allegedly breaching an interim order restraining it from selling camphor products, following trademark infringement allegations by Mangalam Organics Ltd. Patanjali admitted the breach in a June affidavit, prompting the court to consider contempt proceedings and schedule further hearing on July 19.
The stock traded at a P/E multiple of 118.07, while the price-to-book value ratio stood at 9.99.
Sam Altman, OpenAI CEO, and Arianna Huffington, founder of behaviour tech company Thrive Global, have unveiled a startup Thrive AI Health, a hyperpersonalised health coach, driven by AI. It seeks to model healthy behaviour in users based on their health data, with a special focus on chronic conditions like diabetes.
Sensex plunged over 800 points on Wednesday, with Nifty dropping over 1%, shaking retail investors accustomed to daily gains. Smallcap and midcap indices saw their worst day in over a month. The market turned sharply after hitting new highs, succumbing to bearish pressure. M&M led Nifty's decline with a 7% drop amid concerns over XUV700 price cuts signaling weaker car demand.
A total of 3,861 shares changed hands on the counter till 11:57AM (IST).
HRA tax exemption rules: The HRA tax exemption reduces the total salary before calculating taxable income, helping employees save on taxes. It's important to note that if an employee lives in their own house or does not pay any rent, the HRA received from the employer is fully taxable.
Krishna Institute of Medical Sciences saw a 4.4% increase in shares following the acquisition of Chalasani Hospitals.
Prime Minister Narendra Modi extended birthday wishes to Defence Minister Rajnath Singh, praising his leadership in strengthening India's defense apparatus and commitment to service. Singh thanked the PM for his kind words and highlighted India's progress under Modi's leadership. Union Home Minister Amit Shah also wished Rajnath Singh, acknowledging his role in enhancing national security. Born in 1951, Rajnath Singh has held various key positions in politics and government.
Modi in Austria: Upon landing in Vienna, PM Modi took to X to share his anticipation for the scheduled engagements, which include high-level talks with Austrian Chancellor Karl Nehammer, interactions with the Indian community, and various other programs.
Donald Trump, confident after last month's debate, challenged President Joe Biden to a debate and 18-hole golf match, offering USD 1 million to charity if Biden wins. This followed Biden's poor June 27 debate performance in Atlanta. Biden's campaign, led by James Singer, rejected the proposal during a Florida rally.
India has broken a 41-year medal drought in Olympic men's hockey with a bronze in Tokyo three years ago, triggering hopes for a ninth gold medal in Paris. The majority of India's titles were won in a different era, when the game was played on grass pitches, often after soccer matches. The age of the fast, flat astroturf has been dominated by Germany, with the Netherlands, Britain, Australia, Argentina, and most recently, Belgium topping the podium.
A total of 3,455 shares changed hands on the counter till 11:52AM (IST)
Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has benefited from the surge towards AI that has helped it weather the tapering off of pandemic-led demand and pushed TSMC's share price to a record high.
A total of 51,721 shares changed hands on the counter till 11:47AM (IST)
The stock traded at a P/E multiple of 94.36, while the price-to-book value ratio stood at 13.63.
In 2016, when Instagram launched Stories — a version of Snapchat’s offering with the same name — it was a gentler, kinder world. So, having “Stories [that] allow you to share everyday moments and grow closer to the people and interests you care about” — as Instagram describes the feature on its ‘About’ page — probably seemed harmless.
Joe Biden, refusing to back down from the US presidential race, is portrayed as a resilient fighter in the face of adversity. From childhood challenges to personal tragedies, Biden's determination to overcome obstacles shapes his political journey. Despite doubts over his debate performance, Biden remains steadfast, relying on his comeback narrative to appeal to voters amid concerns about his age and health.
Tata Motors and Mahindra & Mahindra have announced significant discounts on their popular SUVs in India, amid weakening demand and rising inventory. M&M has offered over Rs 2 lakh on its AX7 variants for the next four months, starting at Rs 19.49 lakh. Tata Motors has also reduced prices by up to Rs 70,000 on select models and up to 1.4 lakh on its range of fossil fuel and EV SUVs.
The Delhi Film Policy, launched in 2022, is designed to promote the city as a vibrant and attractive film shooting destination. Bollywood movie 12th Fail is likely to be the first feature film to benefit under this initiative.
For FY25, we are working with 5.8%. I hope this glide path to lower down sharply to around 5.1% in the next one year. If that happens, plus you have impetus on balance sheet expenditure of the government to accelerate infra spending and at the same time be pragmatic on the pain that is there in the middle class and the rural folks to dole out something as consumption expenditure.
The Supreme Court on Wednesday ruled that all women inclufing divorced Muslim females can file a petition under the Section 125 CrPC, which deals with wife's legal right to maintenance to seek maintenance from her husband.
A total of 224 shares changed hands on the counter till 11:37AM (IST)
A long buildup in the F&O segment occurs when there is a simultaneous increase in open interest, trading volumes, and the price of the underlying stock, signaling a bullish trend in the market.
