So, I think you will probably see a divergence in their performances just given the fact that some companies are specifically focused on discretionary spending without exposure and some are not. And I think that is probably how investor is going to play it for the next few quarters.
The Karnataka high court ruled that merely viewing child pornography online is not prosecutable under Section 67B of the IT Act. Justice M. Nagaprasanna emphasized that the law targets those who publish or transmit such material. The court quashed proceedings against M. Inayathulla, accused of viewing such content, highlighting the distinction between viewing and disseminating.
A total of 3,739 shares changed hands on the counter till 11:16AM (IST).
The Nifty IT index was trading 0.46 per cent up at 40192.6.
Anand Rathi has identified top stock picks for the upcoming Union Budget, emphasizing sectors such as auto, capital goods, consumer durables, cement, and infrastructure. The Budget is expected to boost growth and stability with a focus on infrastructure and consumption inducing measures. Investors may find opportunities in companies like Ultratech Cement and Ashok Leyland.
Infosys and TCS are set to recruit thousands of fresh graduates this fiscal year, adjusting hiring strategies to include both on-campus and off-campus placements. IT firms focusing on agile hiring approaches to meet evolving market demands.
A total of 7,007 shares changed hands on the counter till 11:11AM (IST).
RSS chief Mohan Bhagwat urged people not to be complacent with their achievements and to work tirelessly for the welfare of humanity, emphasizing that the pursuit of development and human ambition is endless. Speaking at a meeting in Gumla, Jharkhand, he stressed the importance of continuous effort in areas like environment, education, and health.
Paytm Q1 Results: One 97 Communications, the parent company of Paytm, reported a widened cons loss of Rs 838.9 crore in the June quarter, compared to Rs 357 crore in the same quarter last year. Revenue for Q1 declined by 36% YoY to Rs 1,502 crore from Rs 2,342 crore in Q1 FY24. Despite this, the company indicated that its revenue and EBITDA, excluding the ESOP loss of Rs 545 crore, met its guidance.
On Friday, One 97 Communications, the company behind the payments platform Paytm, reported a widened consolidated loss for the June quarter. The loss stood at Rs 838.9 crore, compared to Rs 357 crore in the same quarter of the previous financial year.
Saturday bank holiday: Bank customers need to be aware that banks are not open on the second and fourth Saturdays of the month, as well as on all Sundays, regional, and national holidays in India. The bank holiday list, which is specific to each state, is released by the Reserve Bank of India (RBI).
As of July 18, there was a significant rise in futures open interest for six stocks in the NSE F&O segment, resulting in a total increase of over 10% compared to the previous trading session.
The United States is the most important international backer and arms supplier for Taiwan, which China claims as its own. Despite the lack of formal diplomatic ties, Washington is bound by law to provide the means for the island's defence. But Taiwan has no formal defence agreement with the US, as Asian neighbours Japan and South Korea do.
Budget 2024 expectations: Currently, income above Rs 15 lakh attracts a tax rate of 30% under both regimes. This, coupled with the removal of most exemptions and deductions in the new regime, results in a higher effective tax burden for this segment of taxpayers. As such, there is a growing consensus among taxpayers in this bracket that the current tax rates do not adequately reflect the complexities and expenses associated with inflation and higher incomes.
Vitamin D foods: Milk, cheese, yogurt, mushoom and other foods to treat vitamin d deficiency
A total of 4,769 shares changed hands on the counter till time (IST).
PSU mutual funds, including SBI and Invesco India PSU Equity Funds, achieved up to 99% returns due to government support, privatization, rising commodity prices, and initiatives like Make in India. Analysts recommend caution for sector-specific investments. Union Budget 2024 may enhance profitability of public sector banks.
The 30-share BSE Sensex was down 319.06 points at 81024.4
BUDGET EXPECTATIONS 2024: As India aims for ambitious renewable energy targets, the upcoming budget is expected to focus on strategic initiatives to boost green energy growth. With a need for robust policy frameworks and financial support, stakeholders anticipate measures to enhance green financing, R&D, and tax incentives to propel India's green energy sector forward
While the Indian government has initiated several policies to promote green mobility moving forward, mobility operators must integrate Big Data and AI to enhance accessibility, safety, reliability, and sustainability.
DSEU Joint Director (Academics) Kamna Sachdeva said the lunch break has been removed because the university plans to develop a centralised timetable for all its campuses in accordance with the National Education Policy (NEP) 2020.
On the technical charts, the RSI of the stock stood at 37.97.
Republican presidential candidate Donald Trump promised to resolve international crises and restore U.S. prestige, claiming he could "stop wars with a telephone call." At the Republican National Convention, Trump blamed President Joe Biden for global conflicts and vowed to secure borders, release American hostages, and develop a missile defense system. He also highlighted his relationship with North Korean leader Kim Jong Un.
The Nifty Pharma index was trading 0.89 per cent down at 20583.2.
“Karnataka produces a lot of jobs. If you look at all the data, there are more jobs than people graduating. If you look at multiple sectors, construction, and infrastructure, there are not enough people from Karnataka. Security, we are not getting enough people from Karnataka. Even in IT, we are not getting enough qualified people,” says Mohandas Pai
