The Relative Strength Index of the stock stood at 53.26 on Thursday.
Karnataka Bharatiya Janata Party President BY Vijayendra has criticised the state government for not taking dengue cases seriously and plans to raise the issue in the Assembly. He accused the government of not taking the issue seriously and criticized Deputy Chief Minister DK Shivakumar for his focus on real estate. The state has seen over 7,000 dengue cases, prompting Chief Minister Siddaramaiah to instruct officials to eliminate mosquito breeding sites and allocate 10 beds in wards at hospitals for dengue cases.
The industrial and warehousing sector in India saw a 21.9% increase in absorption in the first half of 2024, with the 3PL sector driving demand with a 33% share. Tier I cities accounted for 78% of absorption, while Tier II and III cities accounted for 22%. The sector also saw a supply addition of 28.2 million square feet, with 77% concentrated in Tier I cities and 23% in Tier II and III cities. The e-commerce sector is expected to surge further as it adopts new models to expand urban distribution... Читать дальше...
Vidyut has launched an offline pre-owned EV platform in Delhi-NCR, Hyderabad, and Bengaluru, with plans to expand. An online marketplace is coming in six months. They handle the full process, reselling EVs from major brands. Their battery subscription model and financing services tackle EV adoption challenges. Vidyut, started in November 2021, aims to improve EV accessibility.
Brookfield has made a significant equity investment of over $200 million in Leap Green Energy, a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers. This investment includes an option for an additional $350 million to support future growth, aiming to exceed 3 GW capacity in the next four to five years.
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 23023.05.
Mumbai BMW accident: Two accused in the Worli hit-and-run case, Mihir Shah and his driver Rajrishi Bidawat, have confessed to their roles in the crime. Police recreated the scene from CJ House Worli to Sea Link Worli. Shah was sent to police custody until July 16 after being arrested in Virar. Maharashtra Chief Minister expressed alarm at the rise in hit-and-run incidents.
The company's chief executive officer appeared before the tribunal, stating that a restructuring package had been proposed to all financial creditors and the court asked to convene a meeting of lenders, as reported by ET on July 2.
The stock traded at a P/E multiple of 39.63, while the price-to-book value ratio stood at 3.29.
DRDO's Technology Development Fund projects include simulator training tools by Oxygen 2 Innovation, ISR and MDA underwater vehicles by Sagar Defence, icing sensors by Craftlogic Labs, radar processors by Data Patterns, advanced timing systems by Accord Software, and graphene-based e-textiles using advanced nanocomposite materials by Alohatech. Aims to bolster India's military industrial ecosystem.
Ankur Rudra says FY25 is turning out to be almost a déjà vu of FY24. We will barely see any improvement across the sector. Last year, growth was, like you said, low to mid-single digits. This year growth will again be low to mid-single digits. FY26, at the moment the visibility is relatively weak.
IAS officer Pooja Khedkar faces controversy over ownership of luxury assets and misuse of official privileges. Questions raised about her appointment category and transfer to Washim from Pune collector's office. Allegations of special treatment and wealth declaration by family emerge.
The stock quoted a 52-week high of Rs 1885.0 and a 52-week low of Rs 1266.0.
Tamil Nadu BJP president K Annamalai stated that the NEET 2024 paper leak was 'localized and controlled,' dismissing opposition fears. The Supreme Court acknowledged the leak, tasking the National Testing Agency (NTA) to identify affected candidates and locations. The NEET-UG exam, crucial for medical admissions, faces controversy and calls for a retest.
The Ambani-Merchant wedding, which began in Jamnagar, Italy, and will conclude in Mumbai, has garnered global attention, but the Ambani family is only spending 0.5 per cent of their net worth on the wedding, according to an analysis by NC Financial Advisory Services' founder Nitin Chaudhary. An Indian with a net worth of Rs 50 lakh to Rs 1 crore would easily spend Rs 10-15 lakh on their child's wedding, and for a person with a net worth of up to Rs 10 crore, the spending might be up to Rs 1.5 crore.
A total of 1,658 shares changed hands on the counter till time (IST).
India's state refiners are in talks with Russia for a long-term oil import deal, with discussions ongoing regarding terms like payment currency, according to a government source. The negotiations involve state refiners collectively, while private refiners Nayara Energy and Reliance Industries have already secured term agreements for Russian oil imports.
Budget 2024: Finance Minister Nirmala Sitharaman's focus on infrastructure development and the 'Viskit Bharat by 2047' plan highlights the government's commitment to boosting investments, job creation, and reducing logistics costs. Challenges in road construction pace and the need for private sector participation are key areas of concern for improving infrastructure.
A total of 707 shares changed hands on the counter till 12:43PM (IST).
As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.3 per cent and domestic institutional investors had 3.03 per cent.
Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.
BUDGET TAX RELIEF: Despite yearly budget hopes, India's middle class likely faces disappointment again over tax cuts amidst inflation. Both citizens and industry seek relief, especially for lower-income earners. However, there is a chance that fiscal prudence approach may prevent tax benefits. Focus remains on growth via targeted schemes. Economists debate the efficacy of tax cuts on boosting consumption, with rural demand still rebounding.
San Fernando, a 300-meter-long cargo ship, will offload 1,900 containers at VISL on Friday, with Chief Minister Pinarayi Vijayan launching the port's first phase of operations.
AMFI reports Rs 726.16 crore June inflow in gold ETFs, following Rs 827.43 crore in May and a Rs 395.69 crore April outflow. H1 2024 inflows total Rs 3,185 crore, with a 24% AUM rise. Global inflation, AUM surge drive appeal. LIC MF Gold ETF and oldest Nippon India ETF top performers, per Melvyn Santarita.
The stock quoted a 52-week high of Rs 7063.25 and a 52-week low of Rs 3973.15.
