HDFC Bank raises fixed deposit rates for 35 and 55 month tenures, offering 7.35% and 7.4% interest respectively. Senior citizens will receive 7.85% and 7.9% rates. CEO expresses dissatisfaction with Q1 deposit figures, focusing on deposit growth amid faster advances. RBI flags credit-deposit gap as sector concern. CEO Jagdishan aims to address this, emphasising deposit growth in Q1FY25 earnings call.
Manglam Infra IPO opens to raise Rs 28 crore by offering 49.32 lakh shares at Rs 53-56. GMP Rs 46. Closes July 26. Company reported Rs 40.24 crore revenue, Rs 6.76 crore profit. Unistone Capital leads. QIB 50%, retail 35%, non-institutional 15%. Allotment on July 29, listing on July 31.
Besides Mallikarjun Kharge, Sonia Gandhi and Rahul Gandhi, several MPs of the Congress, TMC, Samajwadi Party, DMK and the Left joined the protest held on the steps leading up to the Makar Dwar of Parliament.
The stock quoted a 52-week high price of Rs 42850.0 and low of Rs 33100.0.
Suzlon Energy's shares rose 10% to Rs 60.71 post a 200% YoY net profit rise to Rs 302 crore in June 2024. 50% revenue growth to Rs 2,016 crore. Achieved a 103% rise in Q1 deliveries, 3.8 GW order book, 203% share rise in a year, highest EBITDA in 7 years. Pune-headquartered with Germany R&D centers.
For risk takers with patience and stock picks for next five years. To some it might appear to be contradictory. Normally risk is taken when one is looking for short term gains and the suggestion is to keep it for 5 years There is a reason for it. Majority of the stocks in the list are from a sector, which despite being in existence for 3 decades has not grown the way it was expected by all shareholders. In this budget a number of steps have been taken to revive this sector. Right from providing... Читать дальше...
Promoters held 44.78 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 27.41 per cent and 10.36 per cent, respectively.
New Zealand Prime Minister Christopher Luxon apologized after an inquiry revealed 200,000 children and vulnerable adults were abused in state and religious care over 70 years. Nearly one-third faced abuse from 1950-2019. The report, detailing severe abuses and calling it a national disgrace, may lead to billions in compensation.
A total of 17,400 shares changed hands on the counter till 11:11AM (IST)
Bajaj Finance, Tata Consumer, Bajaj Finserv, Nestle India and HUL were among the top losers on NSE.
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The Relative Strength Index of the stock stood at 59.27 on Wednesday.
The Nifty Auto index was trading 0.19 per cent down at 25273.4.
A total of 892,657 shares changed hands on the counter till 11:01AM (IST).
Israeli Prime Minister Benjamin Netanyahu faces crucial decisions this week that could reshape the Middle East. Pressure mounts for him to agree to a ceasefire deal in Gaza and embrace a U.S.-Saudi defense alliance that includes talks for a two-state solution. These choices could pave the way for a new era of diplomacy and security cooperation, or risk missing a historic opportunity for peace and stability in the region.
Budget 2024: India's Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25 on Tuesday, impacting India Inc. Key points include ending tax concessions for new manufacturing plants, revival of Vivad se Vishwas scheme, reduced TDS rates, gifts as asset transfers, shorter tax assessment time, removal of Angel tax, no prison risk for tax deductors, penalties for late filing, and changes to taxing rented properties for business purposes.
The Nifty Pharma index was trading 0.38 per cent up at 20835.2.
Sanstar IPO receives overwhelming response with subscription nearly 83 times, set to finalize share allotment today. Company's shares trading at a premium of Rs 36 in unlisted market.
The long term capital gains (LTCG) tax has been reduced from 20% to 12.5% for all property sales. However, the benefit of indexation has been taken away from properties bought or inherited on or after 2001, while it has been retained for properties bought or inherited before 2001.
Gold and silver prices dropped significantly in the domestic market following a sharp cut in custom duty. Experts suggest a bearish trend may continue with resistance and support levels identified for traders.
A total of 10,324 shares changed hands on the counter till time (IST).
Despite reporting a 3% YoY increase in net profit at Rs 2,538 crore for the quarter ending June 30, 2024, in line with the Street's estimate of Rs 2,541 crore, Hindustan Unilever (HUL) saw its shares plummet by 3.3% to Rs 2,674 in Wednesday's intraday trade on BSE.
Finance Minister Nirmala Sitharaman raised the STT on options to 0.1% effective October 1. Analysts predict minimal impact. SEBI's 'True to label' circular targets retail speculation, as highlighted by Madhabi Puri Buch. Dhiraj Relli notes adaptability. The Economic Survey cautions on retail speculation. India's strong presence in global options trading and high trade losses are noted.
A total of 6,286 shares changed hands on the counter till 10:51AM (IST)