Google joins the price war over a week after Bhavish Aggarwal announced that Ola was exiting Google Maps, shifting to an in-house navigation system, Ola Maps. He said the move saved the company about Rs 100 crore in costs. Google said it is working with ONDC to offer developers on the platform up to 90% off on select Google Maps APIs.
On July 18, the closing prices of four stocks in the Nifty500 pack declined by approximately 2.5% or more below the VWAP. This movement below the VWAP indicates a potential bearish trend.
On the technical charts, the 200-day moving average of the stock stood at Rs 5295.23.
Sanstar Ltd's Rs 510 crore IPO is now open for subscription, with a price band of Rs 90-95 per share. Analysts suggest considering the offering for potential listing gains, citing mixed financial performance and growth challenges. Learn more about the company's expansion plans and product offerings.
Through its unit Foxconn Singapore, the Taiwanese giant has been awarded a licence for a $263.7 million project to produce smart entertainment products with an annual capacity of 4.18 million units per year, as per a report.
The stock quoted a 52-week high of Rs 441.95 and a 52-week low of Rs 262.1.
The Budget will have to lay the foundation for sustainable growth over the next couple of years, says Kotak AMC MD Nilesh Shah. What policy reforms are adopted so that this growth can be sustained? For example, in the vote on account, there was a proposal to create a one lakh crore innovation fund. How is it getting implemented in this Budget?
A large explosion in central Tel Aviv early Friday morning, caused by an apparent drone strike, injured at least 10 people. The Israeli military is investigating the incident and has increased air patrols. The strike, which was initially described as an "aerial target," evaded Israel's air defenses. The nature of the attack and how it bypassed defenses remain unclear.
On July 18, the closing prices of four stocks in the Nifty500 pack surged more than 2% above the VWAP. This move above the VWAP indicates a potential bullish trend.
The Namo Bharat train services are connecting regional nodes across NCR with high speed. The RRTS stations are strategically located at an average distance of five to 10 km. With an intent to promote the use of public transport, the NCRTC is taking various initiatives to provide best in class first and last mile connectivity, it said.
NEET PG 2024 (Google Trends): The National Board of Examinations in Medical Sciences (NBEMS) has announced the test cities for the NEET-PG 2024 exam, scheduled for August 11. Due to new security measures, the exam will be conducted in two shifts across 185 cities. Candidates whose admit cards were issued for the previously scheduled June 23 exam must reselect their preferred test cities between July 19 and July 22 through the NBEMS website.
The booming PSU stocks market, which has seen remarkable returns, is now under scrutiny as the Budget approaches. Potential stake divestments in low-float companies could impact prices. Experts caution about high valuations and advise vigilance amidst market uncertainties.
The stock quoted a 52-week high price of Rs 2913.35 and low of Rs 2068.45.
Drone Destination and NSIC signs pact to provide comprehensive training in various segments of drone usage and maintenance.
Sahaj Solar saw a successful listing on the NSE SME platform, starting at a premium of 90%. The company's IPO was oversubscribed by 472 times, indicating strong investor interest. With a focus on renewable energy solutions, Sahaj Solar aims to meet working capital needs and expand its operations.
Low-cost carrier Frontier Airlines said its flight operations were impacted by the outage, which caused it to initiate a temporary ground stop, it said in a statement to Reuters.
Infosys shares surged 5% to a record high of Rs 1,843 on BSE following a 7% YoY increase in consolidated Profit After Tax (PAT) to Rs 6,368 crore for Q1 FY25. Brokerages raised the stock's target price in response. The results surpassed expectations, driven by revenue of Rs 39,315 crore, up 3.6% YoY.
Balanced advantage funds invest in a mix of stocks, debt, and arbitrage opportunities. These funds decide their equity exposure depending on key market ratios or in-house parameters. They invest less in stocks when the market is very high or valuations are stretched. They invest more in equity when stocks are available at attractive valuations. In short, BAFs do the job of juggling equity exposure for investors.
The WTO criticizes China for lack of transparency on industrial subsidies, raising concerns about global market impact.
According to technical scan data from stockedge.com, on July 18, six stocks listed on the NSE with market capitalizations exceeding Rs 1000 crore closed above their 200 DMA.
A female passenger accused a senior executive from Jindal Steel group, Dinesh Kumar Saraogi, of molestation on a flight from Kolkata to Abu Dhabi. The incident led to the woman being relocated by the Etihad Airways team to another seat for safety. Netizens expressed support and solidarity towards the victim.
Telecom Minister Jyotiraditya Scindia announced that the rules for the new Telecom Act will be notified within 180 days, emphasizing the government's commitment to modernize telecom laws and enhance security. The act allows government control over telecom services for security reasons and supports India's rapid 5G and future 6G rollouts, alongside boosting telecom equipment production and self-reliance.
Indian stocks pulled back from record highs due to profit-taking, despite Infosys' strong earnings. Market experts offer short-term trading suggestions. Options data indicates a trading range of 24,400 to 25,200 levels. Foreign Institutional Investors buy while Domestic Institutional Investors sell in cash segment.
"At 7:00 pm (1600 GMT)... an explosion occurred in logistics warehouses belonging to the 42 Brigade... in the Yusufiyah area, south of Baghdad," said the Hashed al-Shaabi -- an alliance of pro-Iranian former paramilitary groups now integrated into the regular army.
China will enhance the fiscal autonomy of local governments and broaden their tax sources, according to Han Wenxiu, a senior party official for financial and economic affairs. Additionally, the central government will take on greater fiscal spending responsibilities. Han made these announcements at a press conference in Beijing following a key party meeting.
