HDFC Defence Fund, the only active mutual fund focused on the defense sector, has doubled investors' money in just nine months, delivering a return of 102.26% during this period. The scheme yielded approximately a 38.87% return in the last three months and about 55.16% in the last six months
Recent terror incidents in Jammu and Kashmir's Doda district claimed the lives of four Indian Army soldiers, sparking criticism from the Congress party over the government's handling. Within 38 days of the BJP's third term, nine attacks occurred, resulting in 12 soldier deaths, 13 injuries, and civilian casualties of 10 deaths and 44 injuries. The surge in violence is attributed to shifts in terrorist tactics targeting Jammu amid strategic changes since Article 370's abrogation.
The stock quoted a 52-week high price of Rs 7063.25 and a 52-week low of Rs 3973.15.
Scientists have detected a large underground cave near the Apollo 11 landing site on the moon. The cave, potentially 130 feet wide, could offer protection from cosmic radiation and other hazards for future lunar missions. NASA and other countries are eyeing the moon for exploration and research.
A total of 2,945 shares changed hands on the counter till 01:24PM (IST).
Telecom companies in India are projected to reach a decade-high average revenue per user (ARPU) of Rs 225 in the next fiscal year, driven by recent tariff increases and increased data consumption. Crisil Ratings anticipates a 25% ARPU growth by 2025-26. This growth, alongside reduced capital expenditure and debt reduction, is expected to enhance the credit profiles of telcos and improve their return on capital invested (RoCE) to around 11% by fiscal 2026.
Mehbooba Mufti called for the DGP’s removal after a firefight in Doda resulted in the deaths of Captain Thapa, Sepoy Ajay, and two others. Mufti accused the DGP of political interference and blackmailing maulwi. General Dwivedi and ADG PI-Indian Army conveyed their condolences. White Knight Corps reported the firefight in Desa Forest. Rajnath Singh briefed.
The Election Commission of India has released a new SOP for EVMs, allowing candidates to have expanded choices in checking and verification processes. The SOP includes selecting EVMs from any polling station, mixing and matching EVM units, and casting up to 1400 votes in a mock poll.
On July 11, the Delhi government increased the pollution under control (PUC) certificate charges for petrol, CNG and diesel vehicles after a gap of about 13 years. The hike ranges between Rs 20 and Rs 40.
On the technical charts, the RSI of the stock stood at 62.35.
A bank branch in Noida reported a server breach resulting in the illegal transfer of Rs 16.50 crore. Cybercriminals hacked the bank's RTGS system using stolen credentials. A special team is investigating the case. In a separate incident, Noida Police arrested a gang involved in various fraudulent activities across multiple states.
India’s manufacturing sector grew 40% between June 2022-2024. CNC jobs rose 160%, production supervisors 155%, machine operators 119%. Indeed attributes this to modernisation and specialised skills. Sashi Kumar cited communication skills (17% demand), CNC skills (10%), manufacturing (9%), English (8%), and CNC programming (6%).
Form 16 is a TDS certificate that provides information on the salary paid and tax deducted by an employer. Employers must issue Form 16 to employees by June 15. This allows individuals to file their ITR by July 31, 2024 for the financial year 2023-24. Those who change jobs in a year need Form 16 from each employer.
The Supreme Court has given a final opportunity to file responses to pleas against a Calcutta High Court order invalidating the appointment of 25,753 teachers and non-teaching staff in West Bengal. The court will hear the case in three weeks, and has appointed four lawyers as nodal counsel for the proceedings.
A total of 9,876 shares changed hands on the counter till time (IST).
The Supreme Court has agreed to hear a writ petition from the Nagaland government challenging the Centre's order denying prosecution of 30 army personnel accused of killing 13 civilians in a failed operation. The petition, filed under Article 32 of the Constitution, argues that the Centre arbitrarily refused to sanction prosecution despite evidence. The SC issued notices to the Centre and defence ministry, seeking responses within four weeks.
The Commissioner of Railway Safety's report on the Kanchanjunga Express accident highlights systemic lapses in train operations, citing inadequate counselling for loco pilots and station masters, and mismanagement of signals. The report underscores the urgent need for the Automatic Train-protection system (KAVACH) and improved signalling reliability to prevent future incidents.
The Commissioner of Railway Safety's report on the Kanchanjunga Express accident highlights systemic lapses in train operations, citing inadequate counselling for loco pilots and station masters, and mismanagement of signals. The report underscores the urgent need for the Automatic Train-protection system (KAVACH) and improved signalling reliability to prevent future incidents.
Following JPMorgan's inclusion of Indian government bonds in its global index for emerging market bonds starting June 28, 2024, monthly net inflows surged to Rs 90,000 crore from October 2023 to June 2024. SBI Group's Soumya Kanti Ghosh suggested this move could smooth future market developments, potentially mitigating taxation and capital control concerns, while also foreseeing a ripple effect among other index providers.
Gangotri, Haridwar and other places where river Ganga is the cleanest.
A total of 29,901 shares changed hands on the counter till 01:04PM (IST).
AI and Industry 4.0 improve manufacturing with process optimization, predictive maintenance, and digital twins. AI enhances analytics, quality control, and productivity by 14%. Projected $3.8 trillion gains by 2035. AI, IoT, robotics foster sustainability, energy efficiency, and zero emissions. Worker upskilling crucial for Industry 4.0. Data privacy and climate change are key concerns.
A total of 33,064 shares changed hands on the counter till 12:58PM (IST)
