As of 30-Jun-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.19 per cent and domestic institutional investors had 13.71 per cent.
Heavy rains hit Maharashtra, placing Mumbai under a yellow alert and Pune under a red alert. Severe waterlogging disrupted traffic in Mumbai, while Pune's Khadakwasla Dam released water, flooding the Mutha River. The IMD forecasts more rain until July 30. Train services were affected, and three people tragically died in Pune due to rising water levels.
Following the end of a potato traders' strike in West Bengal, dispatch of tubers from cold storages surged by 30-35 per cent to meet demand. The Progressive Potato Traders' Association increased daily dispatches to 8 lakh packets from the usual 6 lakh. Traders aim to stabilize prices by adjusting supplies and refraining from exporting. The state government's involvement promises sufficient supply and lower prices, with a wholesale drop expected.
President Droupadi Murmu, on Thursday, engaged with Class 9 students of Dr Rajendra Prasad Kendriya Vidyalaya at the President's Estate, discussing global warming and suggesting ways for environmental conservation. She emphasized the importance of water conservation and tree planting to mitigate climate change impacts.
Fintech Revolut said it had now entered the "mobilisation" stage, sometimes referred to as "Authorisation with Restrictions." The licence is a boost for Revolut as it seeks a valuation for the business of more than $40 billion through a planned share sale.
Short buildup means more people are expecting the prices to go down and creating short positions.
India has taken on a leading role in security sector cooperation within the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). This was highlighted during the Senior Officials' Meeting in Nay Pyi Taw, Myanmar, which set the stage for the upcoming 4th Meeting of BIMSTEC National Security Chiefs. Each BIMSTEC member nation leads in specific sectors, aiming to enhance regional cooperation and address shared challenges in areas such as trade, technology, and security.
US Elections 2024: Former President Barack Obama has yet to endorse Vice President Kamala Harris for the 2024 presidential race, citing concerns about her ability to defeat Republican candidate Donald Trump and handle critical issues. A source close to the Biden family revealed that Obama views Harris as incompetent, particularly due to her handling of immigration and other key topics. Despite Biden’s endorsement of Harris following his withdrawal from the race, Obama is reportedly frustrated and had preferred Senator Mark Kelly as a candidate.
Budget 2024: Finance Minister Nirmala Sitharaman discussed the impact of social media attacks on her following the presentation of the Union Budget. Addressing online criticism and memes, she acknowledged the seriousness of some messages but said that she chooses to ignore "toxic" online messages. Sitharaman also highlighted the challenges of crafting budgets and said that Prime Minister Modi's support in the budget-making process remains unwavering.
STMicroelectronics, whose clients include Tesla and Apple, said it expects revenue of $13.2 billion to $13.7 billion for 2024, down from a previous forecast of $14 billion to $15 billion.
In what is deemed to be a dream duo, 22-time Grand Slam champion Nadal and the recently-crowned Wimbledon champion, Carlos Alcaraz, will participate in the upcoming Paris 2024 Olympics as men's doubles partners. Alcaraz and Nadal will be one of the most powerful teams in the men's doubles category, having won 15 French Open titles between them.
A total of 5,553 shares changed hands on the counter till 12:07PM (IST).
On July 24, eight stocks from the Nifty200 pack came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data.
On the technical charts, the RSI of the stock stood at 39.56.
Finance Minister Nirmala Sitharaman addressed Congress' claims that BJP has borrowed their ideas, highlighted job creation efforts, defended initiatives like internships and angel tax abolition, and discussed subsidies and reforms. She emphasized youth employment schemes and criticized Congress for past inaction. Sitharaman also commented on the humour in media portrayals.
A total of 6,551 shares changed hands on the counter till 11:57AM (IST).
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Investors' faith fueled Dalal Street’s high valuation multiples, but Nomura cautioned on potential headwinds if domestic equity flows drop due to tax hikes. Nomura's 2024 Nifty target sees little upside. Key stock picks include SBI, ICICI Bank, and others. Sectors like housing, cement, and solar energy may benefit from budgetary changes.
Promoters held 43.92 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 13.67 per cent and 1.11 per cent, respectively.
Faridabad Earthquake (Google Trends): Tremors were felt in Faridabad and nearby areas on Thursday, July 25. The National Center for Seismology reported a 2.4 magnitude earthquake at 10:54 am, with no casualties. This agency is responsible for monitoring earthquake activity in India. In April, a 3.2 magnitude earthquake struck Sirsa, Haryana.
President Joe Biden will urge Israeli Prime Minister Benjamin Netanyahu to finalize a Gaza ceasefire deal, despite Biden's upcoming election exit potentially limiting his influence. Tensions persist over Israel's actions in the conflict with Hamas, despite Biden's support. In a meeting with Vice President Kamala Harris, Netanyahu may consider waiting for Biden's successor to negotiate. Progress has been made in negotiations, with a deal close to being reached.
In a detailed interview, the Finance minister discusses the moves made in Budget -- from politics to reforms and the broader economy.
WeWork 37 Cunningham is a four-story workspace with over 1,000 desks across over 60,000 sq ft in Bengaluru. While WeWork Galaxy Business Park in Noida’s most prominent micro-market, Sector 62, has over 1,400 desks across 79,000 square feet. WeWork India’s continued expansion is a testament to the potential created by the rising demand for flexible workspaces in India. Located in the prime business districts of Noida and Bengaluru respectively, these new workspaces are set to open in September and October 2024.
On the technical charts, the RSI of the stock stood at 66.76.
