India's June trade deficit widened to $20.98 billion from $19.19 billion last year, narrowing from May's $23.78 billion. Exports rose 2.6% year-on-year to $35.2 billion, imports increased 5% to $56.18 billion. March saw a current account surplus of $5.7 billion, first in 10 quarters. Minister Goyal expects exports to exceed $800 billion this fiscal.
The Supreme Court dismissed a plea seeking a review of its January 3 verdict, which refused to transfer the investigation into the Adani Group's alleged stock price manipulation to a special investigation team or the CBI. This decision was made by a bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala, and Justice Manoj Misra.
On Monday, HDFC Life, a prominent insurer, announced a 15% increase in its standalone net profit for the first quarter, reaching Rs 477 crore compared to Rs 415 crore in the corresponding period last year.
New RBI credit card rule:Bharat BillPay is a unified ecosystem that links banks and non-banks in the bill aggregation industry, as well as billers, payment service providers, and retail bill outlets. Below is a list of credit card billers currently active on BBPS as of July 15, 2024.
Congress general secretary in-charge communications Jairam Ramesh said senior ministers in Bihar are now arguing that NITI Aayog's latest analysis vindicates their demand for special category status in the matter of Central assistance to the state.
A total of 385 shares changed hands on the counter till time (IST).
Sensex crosses 80,000: Midsummer dream for mutual funds
China's GDP grew 4.7% in Q2, after 5.3% in Q1. The National Bureau of Statistics cited weather, external uncertainties, and domestic challenges. Beijing aims for economic optimism at the third plenum. Trade tensions, property downturn, local debt, growth shift, 5.5% GDP target, ageing workforce, environmental challenges, Council on Foreign Relations, and China Economic Review impact the economy.
Flexible workspace provider Incuspaze has leased 115,000 sq ft in Bangalore's Whitefield. This move is part of the company's ongoing expansion in Bangalore and their future plans for Chennai and Hyderabad.
Amit Shah reviewed Assam's flooding with CM Himanta Biswa Sarma, with 90 deaths and 5 lakh affected, especially in Cachar. Brahmaputra overflow at Neamatighat, Tezpur. 1,342 revenue circles submerged, 172 relief camps active, 283712 animals affected. Shah assured aid to UP's Azamgarh, Mau, Shahjahanpur, Kheri, Barabanki, Sitapur, Gonda. Gujarat's Valsad highway flooded; high water level in Madhuban Dam.
Now, looking forward, yes, food inflation is going to be an upside risk, but on the positive side we have El Nino turning to La Nina, which essentially means that we should be getting good rainfall this year, which should stem some of those risks.
TCS's robust growth in Q2 includes hiring 5,452 employees, with plans to recruit 40,000 more this year. CHRO Milind Lakkad affirmed India's talent appeal amid AI concerns, emphasizing reskilling and a revamped variable pay policy linked to office attendance for 70% of returning employees.
The Relative Strength Index of the stock stood at 46.68 on Monday.
Sanstar, a plant-based specialty products company, has set a price range of Rs 90 to Rs 95 per share for its Initial Public Offering (IPO), aiming to raise Rs 510 crore. The IPO will be open for public subscription from July 19 to July 23, as announced by the Ahmedabad-based company.
A rights issue occurs when a company asks its current shareholders to buy additional shares at a discount before a certain date. This gives shareholders the right, but not the obligation, to purchase new shares at a discount to the market price up to a specified future date.
A massive fire broke out at a multi-story building in Delhi's Mayur Vihar Phase 2 in the early hours of Monday, damaging a uniform manufacturing shop and a cafe located near Neelam Mata Temple.
In June 2024, MFs significantly increased exposure to the IT sector, adding over 10 IT stocks to more than 5 MF schemes compared to May. These stocks have largely delivered strong returns in FY25 to date.
Indian Navy conducted joint exercises with the US Theodore Roosevelt carrier strike group in the Indian Ocean, enhancing interoperability and maritime security amidst regional concerns over China's military activities. The exercise featured USS Theodore Roosevelt and Indian warships, highlighting shared commitment to a free Indo-Pacific.
According to the protesters, multiple complaints regarding these incidents had been lodged against Shukla, but they claimed these went unaddressed. They presented purported pictures and videos showing the dogs being taken out unleashed for walks, exacerbating their concerns.
MM Forgings' 1:1 bonus share issuance is set for July 16, marking its golden jubilee. Eligible shareholders will receive one bonus share per share, credited by July 28. This, the fourth issuance, capitalizes Rs 24.14 crore from reserves. Q4 2024 saw revenue up 20%, profits up 36%, and shares surged 48%, per Trendlyne. Today is the last qualifying day.
A total of 66,515 shares changed hands on the counter till 02:00PM (IST).
"We are sustainable growth investors. On a relative basis, the highest growth part of the market offers a competitive advantage versus the index. So, all the highest growing spaces – renewables, new tech, EMS spaces, etc, are where the growth quotient is very high," says Prateek Agrawal
A total of 5,420 shares changed hands on the counter till 01:55PM (IST).
A total of 17,236 shares changed hands on the counter till 01:50PM (IST).
A total of 10,933 shares changed hands on the counter till 01:45PM (IST).
