Nita Ambani, Anant's mother, looked stunning in a breathtaking Banarasi saree. The photos were shared on Instagram by Nita Mukesh Ambani Cultural Centre
While it might not have been making it headline, the pharmaceutical sector or commonly called as pharma has come through a tough period due to US FDA and other factors. It has been witnessing a turnaround of sorts which has been slow but more companies are showing improvement in their performance. Also there is a process of re-rating which is quietly going on in the sector. It was large players which got the attention of tend to gain first and then it is smaller and mid sized. If one looks at the... Читать дальше...
Semiconductors, crucial for defence, automotive, and telecommunications sectors, have emerged as significant factors in the geopolitical arena. Countries like the US, Japan, and China are heavily investing in building domestic capabilities in this critical technology.
A total of 5,126 shares changed hands on the counter till 01:49PM (IST)
A Buddha Air flight with 59 people aboard skidded off the runway while landing in Lumbini province, Nepal. No injuries were reported. Flight no. 805 got stuck in mud at Gautam Buddha Airport while landing. Everyone was safely evacuated, and the airport is closed with the plane on the runway, according to Rupandehi District Police Spokesperson Manohar Prasad Bhatta via The Kathmandu Post.
A total of 13,593 shares changed hands on the counter till 01:44PM (IST)
Savings account interest rates: Compare the interest rates of savings accounts at Post Office, SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, and IDFC FIRST Bank to find the highest rate.
Sahaj Solar's IPO saw 13.47 crore bids for 29.2 lakh fresh shares, being subscribed 64 times. Priced at Rs 171-180 with a GMP of Rs 208, it raised Rs 52.56 crore. Funds are for working capital and corporate purposes. Managed by Kunvarji Finstock and Kfin Technologies, the company has decades' experience in solar solutions across three businesses.
Bounce Infinity will manufacture and distribute the i300 range of vehicles, which Zapp had first introduced in 2018. The firm also sells its range of electric scooters. It had raised $20 million in a funding round in January last year, with participation from the likes of Peak XV Partners, Chiratae Ventures and Accel.
Azad Engineering shares rose by 5% following a major contract win with Siemens Energy Global GmbH & Co. KG, Germany. The company specializes in manufacturing critical components for various industries and has shown significant growth in its stock price.
Budget 2024: Narendra Modi is back in power with a stronger reliance on the NDA coalition, and Finance Minister Nirmala Sitharaman is expected to maintain fiscal prudence. The Centre has a target of bringing down India's fiscal deficit for FY25 to 5.1% of GDP, which experts see as an encouraging indicator for 'Bharat's' growth story. Sitharaman said that the government would stick to numbers provided in the interim budget numbers if voted to power.
The stock quoted a 52-week high price of Rs 1885.0 and low of Rs 1266.0.
Today we have 65% of population living in rural India, 35% of people in urban India. It is very difficult to improve per capita income and consumption for somebody who still remains in the rural part because to take factories, to take jobs to the rural India will be very difficult.
UNION BUDGET: India plans to overhaul over 200 state-run firms to boost profitability, moving away from aggressive privatisation due to slowed progress and increased political resistance. The new strategy, expected to be announced in the July 23 budget, includes asset monetisation and long-term performance targets, aiming to raise $24 billion for reinvestment
A total of 1,205 shares changed hands on the counter till 01:34PM (IST).
The mothership 'San Fernando' recently berthed at the new Vizhinjam International Seaport, marking a historic day for India's maritime industry and its entry into global transshipment. The port is poised to become a critical player in international trade routes, boasting state-of-the-art infrastructure and advanced technologies. With a significant investment and job creation, Vizhinjam is set to revolutionize maritime operations and solidify its position as a key transshipment port.
On the technical charts, the 200-day moving average of the stock stood at Rs 210.94.
Baramulla Earthquake (Google Trends): An earthquake measuring 4.1 on the Richter Scale struck Baramulla, Jammu and Kashmir, on Friday at 12:26 PM, with a depth of 10 km, according to the National Center for Seismology. Earlier, a 6.5 magnitude earthquake hit Tofino, Canada, with no tsunami risk reported. The Canadian quake was later downgraded to 6.4, affecting about 2,000 residents.
TCS rate of 20% is high and can create liquidity challenges for individuals who rely on regular remittances for personal or business needs. Lowering it to 5% can be a big relief for these people.
Mid-career professionals contemplating a job shift must carefully assess their skills and interests to align with emerging opportunities in sectors like e-commerce, manufacturing, and BFSI. Industry experts suggest exploring roles in data science, cloud architecture, digital marketing, and cybersecurity to stay competitive in today's job market.
Budget for middle class: The Indian middle class faces inflation, income inequality, and job uncertainties, prompting calls for targeted budgetary measures. With rising living costs and employment instability, the upcoming budget must address these challenges to alleviate financial burdens. Expectations include income tax relief, increased standard deduction, and incentives to boost private consumption and investment. The budget is seen as a crucial opportunity to bolster consumer confidence and address the needs of the middle class.
