A total of 14,579 shares changed hands on the counter till time (IST).
Union Budget: Finance Minister Nirmala Sitharaman, during her Union Budget 2024-25 presentation, highlighted the need to moderate stamp duty rates and promote urban development. She discussed encouraging states to reduce high stamp duty rates and considering further reductions for women purchasing properties. These initiatives are aimed at becoming integral components of urban development schemes.
Budget 2024-2025: As part of a slew of measures to boost the sector, the government will reduce the turnover threshold of MSME buyers for mandatory onboarding on TReDs platform from Rs 500 crore to Rs 250 crore
Union Budget: The Indian government has launched a comprehensive internship and skill development program targeting youth employment. Over the next five years, the initiative aims to provide internships to 1 crore young individuals in 500 top companies with a monthly stipend of Rs 5000. Additionally, a new skill development scheme will train 20 lakh youth. These measures, supported by significant government funding and corporate contributions, aim to create 4.1 crore jobs and enhance employability.
While presenting the Union Budget 2024-25 on Tuesday, Sitharaman said: “We have formulated a package covering financing, regulatory changes and technology support for MSMEs to help them grow and also compete globally.”
In her 7th Union Budget on Tuesday, Finance Minister Nirmala Sitharaman announced shrimp farming support via NABARD. Apex Frozen Foods surged 8.2% to Rs 271.95 on NSE; Avanti Feeds, Waterbase also rose. Apex exports Vannamei shrimp to developed markets. Waterbase uses advanced technologies; Avanti focuses on seafood products. All shares rose on the announcement.
On the technical charts, the RSI of the stock stood at 66.46.
The programme aims at achieving saturation coverage for tribal families in tribal-majority villages and aspirational districts, Union Finance Minister Nirmala Sitharaman said during her budget speech. The programme will cover 63,000 tribal villages, benefitting 5 crore tribals, she said.
Budget 2024 Nirmala Sitharaman speech: Budget 2024 lists 9 key areas for Indian including women, poor, middle class, youth
Today, Finance Minister Nirmala Sitharaman unveiled Budget 2024. ETMarkets analyzed and presented the performance of the benchmark index Sensex one day, one week, and one month after each of the last 10 Union Budgets.
The government plans to establish 100 India Post Payments Bank branches in Northeastern states, according to the 2024-25 Union Budget tabled by Finance Minister Nirmala Sitharaman Tuesday. Currently, IPPB manages millions of accounts and operates through thousands of branches across the country.
Budget 2024: Nirmala Sitharaman presented the Modi 3.0 Budget, allocating ₹3 lakh crore for women's initiatives like hostels, creches, and skilling. The number of new female members rose 12.1% in May 2024, with a 17.2% increase in net female additions. These measures support gender diversity goals and focus on the poor, women, youth, and farmers, aiming to boost women's participation in the workforce.
The stock quoted a 52-week high price of Rs 2949.9 and low of Rs 2068.45.
The Indian steel industry is engaging with the government to address the surge in steel imports, notably from China and Vietnam. This comes as the country shifted to being a net steel importer in the past fiscal year. There are ongoing discussions ongoing regarding potential trade measures and the exploration of coking coal assets overseas while also considering importing from Mongolia.
Budget 2024: Sitharaman said the mission's mandate will include tech development, skilled workforce and suitable financing mechanism.
India budget Key Nnouncements: India's Budget for the fiscal year includes special financial support of Rs 15,000 crore for Andhra Pradesh's capital city and additional funding for highways in Bihar, both ruled by BJP allies Chandrababu Naidu and Nitish Kumar. Finance Minister Nirmala Sitharaman also proposed more power projects for Bihar, including a 2400 MW power plant. Speculations arose about the Modi government facing pressure from coalition allies for increased allocations.
Julius Baer appoints Swiss citizen Stefan Bollinger as CEO by February 2025 after Philipp Rickenbacher was ousted due to losses from Signa and Rene Benko loans. Chairman Romeo Lacher leads firm post-8% share drop, previous EFG International takeover talks, and private debt exit. Bollinger expanded EMEA at Goldman Sachs, Zuercher Kantonalbank, J.P. Morgan.
Finance Minister Nirmala Sitharaman on Tuesday announced a slew of initiatives to boost skilling and jobs in the budget.
A total of 9,198 shares changed hands on the counter till 11:41AM (IST)
In her Budget speech, Sitharaman said the government, in partnership with states, will promote digital public infra for agriculture. Following this news, agriculture stocks start rallying. Kaveri Seeds trades 9% higher, Dhanuka is up about 6%. But, Coromandal Chemicals and Bio Fertilizers trades 0.34% lower from the previous close. Nova Agritech, on the other hand, rises nearly 4%.
Budget 2024: Finance Minister Nirmala Sitharaman announced a new credit guarantee scheme aimed at facilitating term loans for Micro, Small, and Medium Enterprises (MSMEs) on Tuesday, while presenting the full budget for 2024-25. The scheme will help manage credit risks for these enterprises through a self-financing guarantee fund providing coverage of up to Rs 100 crore per applicant.
Regulatory authorities have granted permission to at least two out of eight firms, including BlackRock and VanEck, to introduce their Ethereum (ETH) Exchange Traded Funds (ETFs). The ETFs are set to be traded on three major exchanges — Cboe, Nasdaq, and NYSE. Ether (ETH) is the native cryptocurrency of the Ethereum network, which holds the second-largest market capitalization in the crypto world.
