The Nifty Auto index closed 0.37 per cent up at 25576.7.
Chandrayaan-3 and Aditya L1 highlight India's space prowess and ambitions to rival SpaceX and Blue Origin. The upcoming Union Budget 2024 is critical, with ISRO’s Somanath noting satellite market challenges. Key areas include GST exemptions, IN-SPACe, DoT's role, Defence Space Agency, space diplomacy, FDI policy, tax issues, and technology transfer initiatives.
The Indian Navy's P81 aircraft and multi-role stealth frigate INS Shivalik are participating in the Rim of the Pacific (RIMPAC) 2024, the world's largest naval exercise, at Joint Base Pearl Harbour in Hawaii. The event, involving 29 countries, includes anti-submarine missions, professional interactions, and advanced integration exercises. RIMPAC-24 aims to enhance interoperability, build trust, and ensure the safety and security of sea lanes globally. The exercise, led by the US Navy, spans over six weeks of intense operations and training.
Inflation remains a significant concern for the Indian economy, as the uptick in June 2024 has halted its disinflation path. The Reserve Bank of India (RBI) reported that consumer price inflation increased after three consecutive months of moderation, with a flare-up in vegetables prices halting the overall disinflation. Inflation is approaching targets, but the pace of disinflation has slowed somewhat.
The Delhi High Court reserved its decision on Chief Minister Arvind Kejriwal's plea for more virtual meetings with his lawyers, contested by both the Enforcement Directorate and Tihar jail authorities. Kejriwal's counsel argued he needed additional meetings for a fair trial in the face of numerous cases, while the authorities maintained the current rules were sufficient.
Train accident: At least four coaches of the Chandigarh-Dibrugarh Express derailed in the Gonda district of Uttar Pradesh on Thursday
Gonda Train Accident: The derailment of the Dibrugarh Express in Uttar Pradesh has disrupted numerous train services and led to four deaths and multiple injuries. Rescue operations are ongoing, with army personnel and additional railway teams assisting. Chief Minister Yogi Adityanath and Assam Chief Minister Dr. Himanta Biswa Sarma are closely monitoring the situation. Helpline numbers have been provided for assistance.
The Nifty Bank index closed 0.43 per cent up at 52620.7.
Finance Minister Nirmala Sitharaman is all set to present the inaugural Union Budget of Prime Minister Narendra Modi's third term on July 23, 2024.
Delhi's city administrators fixated on cultivating the flower despite its short blooming period in Delhi’s semi-arid climate. The Delhi Parks and Garden Society has imported 650,000 bulbs from Europe over two years and plans to acquire 300,000 more for parks and residents’ associations.
Further advances in nickel-containing battery technology means its increasing role in energy storage systems like secondary or reusable batteries like nickel cadmium, nickel metal hydrate and Li-ion batteries. It is fast becoming an essential component of most secondary battery designs, including lithium.
The headcount is still on the negative side, so they are not hiring aggressively as during the COVID times and the attrition is still being moderated.
Asian Paints, Coal India Ltd, Hero MotoCorp, Grasim Inds. and Bajaj Auto were among the top losers on NSE in today's trade.
CDS Gen Anil Chauhan, at the 25th anniversary of the Kargil war, praised Indian soldiers' heroics and emphasized learning from the conflict's aftermath to avoid past mistakes. Highlighting rapid changes in warfare due to technological and geopolitical shifts, he urged that soldiers' sacrifices inspire future generations and shape national folklore.
The Nifty Pharma index closed 0.01 per cent up at 20768.35.
Gevra and Kusmunda mines of South Eastern Coalfields (SECL) secured the second and fourth spots in WorldAtlas.com's list of the world's largest coal mines by production volume. Located in Chhattisgarh, these mines collectively produce over 100 million tonnes annually, accounting for about 10% of India's coal production.
RSS chief Mohan Bhagwat emphasised that India holds the key to peace and happiness post-Covid-19, highlighting the enduring values of 'Sanatan Dharma'. He urged adaptation to modern methods while preserving intrinsic nature for societal welfare, particularly emphasising the need for education and health improvements for tribals. Bhagwat expressed confidence in India's future, citing collective efforts towards progress and the unique unity amidst diversity in the country's culture.
MTNL, Krebs Biochem, Just Dial, Umang Dairies and Manomay Tex India, hit their fresh 52-week highs during the day.
In FY 2023-24, major Indian IT firms like Infosys, TCS, Wipro, HCLTech, and Tech Mahindra reduced salary hikes to 5-9% due to economic pressures. Recruiters highlight higher raises for niche skill sets in AI, ML, cybersecurity, and data analytics, driven by digital transformation. Rising employment costs also impact most IT professionals.
The NSE Nifty index closed 187.85 points up at 24800.85
In an 11-page letter, Azerbaijan’s Minister for Ecology and Natural Resources and COP29 President Mukhtar Babayev lays out the Azerbaijani presidency’s vision, priorities and plans for the climate talks to be held in Baku in November.
