Puri's Jagannath temple will open Ratna Bhandar on July 14. SJTA is preparing with a snake charmer, medical team, and an SOP pending government approval. Gold retrieved in 1985; last inventory in 1978. Servitors curious about valuables; recent snake sightings. Holes and cracks may pose snake risks, including king cobras; medical kit ready.
Start your day by drinking a glass of warm water. It helps to kickstart your metabolism, flush out toxins, and hydrate your body after a night's rest.
The Bihar government has suspended several engineers from the Water Resources Department in Siwan and from the Rural Works Department in the wake of incidents of bridge collapse. Over the past few days, the state has seen the collapse of at least 10 bridges, raising concerns about infrastructure safety and maintenance. A bridge collapsed in Bihar's Saran district last week, marking the 10th such incident in the state in just over a fortnight.
IGI Airport Police have arrested 108 agents in five states for visa and passport fraud, focusing on agents rather than passengers. Look Out Circulars were issued. Public awareness is crucial. Old cases have led to new prosecutions. Schemes include fake visas, donkey routes, and passport stamping. Long-standing cases are being resolved.
The Indian cricket team is unlikely to travel to Pakistan for the ICC Champions Trophy 2025, as the Board of Control for Cricket in India (BCCI) will request hybrid matches in Dubai or Sri Lanka. Pakistan has not hosted a major ICC event since 1996, and this marks the first time the Asian nation will do so. The Pakistan Cricket Board (PCB) has scheduled the match for March 1, but the BCCI has not given its consent.
RSB LLP’s Chakri Lokapriya notes weakness in Nifty earnings due to IT, pharma, and metals, though broader markets do better. Upcoming Budget and US CPI are critical. M&M’s EV, farm segments, Raymond’s lifestyle turnaround, auto sector discounts, railway stocks’ growth, defensive stocks, Mahindra & Mahindra Financial Services, Tech M, and engineering innovation should be observed.
Tata Elxsi's shares dropped 3% on BSE after a 3% YoY profit fall to Rs 184 crore in June 2024. Revenue rose 9% YoY to Rs 926 crore; net profit sequentially declined 6%. EBITDA fell 3% QoQ. Margins at 27.23%. CEO Manoj Raghavan emphasized operational excellence and fiscal discipline. Kotak: 'Sell', Choice: 'Reduce'.
On the technical charts, the 200-day moving average of the stock stood at Rs 199.22.
As of 31-Mar-2024, promoters held 46.86 per cent stake in the company, while FIIs held 9.45 per cent and domestic institutional investors had 5.59 per cent.
The 30-share BSE Sensex was down 288.12 points at 79636.65
First Abu Dhabi Bank clarified it is not considering a stake in Yes Bank, contrary to media reports. Bloomberg had reported potential suitors, including Japanese firms, evaluating a $5 billion stake. Following the news, Yes Bank shares rose 8.5%. Additionally, Moody's upgraded Yes Bank’s outlook to ‘positive,’ reflecting expected profitability improvements.
On the technical charts, the 200-day moving average of the stock stood at Rs 3599.65.
South India's data center market is experiencing significant growth, particularly in key cities like Chennai, Bangalore, and Hyderabad. The region is expected to significantly impact the global data centre landscape with an anticipated 65% increase in capacity by 2030. The combined installed data center capacity in these cities is around 200 MW, with 190 MW currently under construction and 170 MW in the planning stages.
The central agency's probe into the alleged UGC-NET paper leak had found that the screenshot of the "leaked" question paper for the June 18 exam was "doctored" by a school student, the officials said.
The stock traded at a P/E multiple of 14.08, while the price-to-book value ratio stood at 1.34.
The Nifty Bank index was trading 0.41 per cent down at 51975.35.
10 BSE Smallcap stocks, such as Aster DM Healthcare, Xchanging Solutions, and Allsec Technologies, offer high dividend yields. Aster DM Healthcare led with 34.5%, while Allsec Technologies provided 4%.
Sahaj Solar's Rs 52.26 crore SME IPO opened on July 11, and will close on July 15. The shares, priced at Rs 171-180, will be listed on NSE SME; size 29.2 lakh shares, lot size 800.
A total of 482,268 shares changed hands on the counter till time (IST).
The NSE Nifty index was trading 67.41 points down at 24257.05
S Krishnan, Secretary of MeitY, says digitalisation is essential for MSMEs’ growth. Therefore, collaboration between MeitY and MSMEs is the need of the hour to spur the segment’s growth using digitalisation.
S Krishnan, Secretary of MeitY, says digitalisation is essential for MSMEs’ growth. Therefore, collaboration between MeitY and MSMEs is the need of the hour to spur the segment’s growth using digitalisation.
According to technical scan data from stockedge.com, on July 10, four stocks in the Nifty500 index saw their closing prices move above their 200-day moving averages (DMA).
