A total of 2,087,848 shares changed hands on the counter till 01:44PM (IST)
Delhi Chief Minister Arvind Kejriwal is being treated as a "political prisoner," alleged the Aam Aadmi Party (AAP) on Friday. The party claimed that Kejriwal's sugar levels had dangerously declined to 50 almost 34 times between June 3 and July 7.
In the second quarter of 2024, retail leasing activity in top Indian cities doubled to 2.2 million sq ft, driven by strategic expansions and store closures in response to shifting consumption trends. Bengaluru, Delhi NCR, and Mumbai led the leasing surge, with a focus on fashion and apparel, F&B, and premium segments. Domestic brands dominated leasing, while international retailers from EMEA, Americas, and APAC regions also contributed significantly.
A total of 680,080 shares changed hands on the counter till 01:39PM (IST).
The NiftyIT index has surpassed the benchmark Nifty index over the past year, rising 35% versus Nifty's 24%. After recent June quarter results from these companies, ETMarkets reviewed key data points.
The Delhi High Court has asked the city's police to respond to TMC Lok Sabha MP Mahua Moitra's plea seeking to quash an FIR filed against her. The FIR relates to a "derogatory" social media remark made by Moitra about NCW chief Rekha Sharma. The court's directive was issued on Friday and a status report is expected within four weeks.
A total of 4,452 shares changed hands on the counter till 01:34PM (IST)
Manufacturing sentiments in India improved in Q1 FY 2024-25, with 78% of respondents expecting higher or unchanged production levels, according to FICCI's Quarterly Survey. Domestic demand optimism is high, with 67% expecting more orders. Challenges include high interest rates and logistical issues. The survey noted positive hiring and investment outlooks.
The Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, approved a significant project for the Jawaharlal Nehru Port Authority (JNPA) valued at Rs. 284.19 crore. This project aims to develop an Export-Import cum Domestic Agricultural Commodity-Based Processing and Storage Facility at JNPA, to be executed on a Public-Private Partnership (PPP) model.
Congress MP Karti P Chidambaram criticized the Agnipath scheme, claiming it doesn't enhance the armed forces' capacity or capability due to its short-term nature and inadequate training. Similarly, Samajwadi Party MP Awadhesh Prasad pledged to end the scheme if the INDIA bloc gains power. Amidst these criticisms, PM Modi defended the Agnipath scheme during Kargil Vijay Diwas, emphasizing it as a necessary reform to keep the Army young and fit. He accused opposition parties of politicizing national security issues. Читать дальше...
Finance Minister Nirmala Sitharaman has indicated a significant shift in India's economic policy by suggesting that private companies may soon be able to invest in all public sectors. This interview with The Economic Times echoes the Finance Bill 2021, which has already received cabinet approval.
Transaction activity has climbed by 16% since 2018, with GCCs finalizing 6,667 office leasing deals across eight major cities over the past five years. This upward trend highlights the growing influence of GCCs in driving demand for office spaces, underscoring their pivotal role in the evolution of India's real estate landscape and business ecosystem.
Anamudi Real Estates, part of the Godrej family office, plans to partially exit its 9.99% stake in Sobha Ltd through block deals worth around Rs 1,000 crore. Sobha Ltd recently approved a Rs 2,000 crore rights issue to fuel growth. The company aims to develop 50 million sq ft across key cities over four years.
BSP chief and former Uttar Pradesh chief minister Mayawati has criticised the BJP over a party MP's demand for the Bharat Ratna for Kanshi Ram. Mayawati argued that the BJP should either award the highest civilian honour to the BSP founder or stop misleading Dalits. She also criticized the Union Budget for not giving proper attention to poor and backward states like Uttar Pradesh, which has a large population.
ITC Ltd planns to invest Rs 20,000 crore across businesses in the medium term, said Chairman Sanjiv Puri at the 113th annual general meeting. The company showed unwavering confidence in India's growth and aimed to enhance its global presence, including the launch of an ITC hotel in Colombo and significant investments in infrastructure and manufacturing facilities.
ITC Ltd planns to invest Rs 20,000 crore across businesses in the medium term, said Chairman Sanjiv Puri at the 113th annual general meeting. The company showed unwavering confidence in India's growth and aimed to enhance its global presence, including the launch of an ITC hotel in Colombo and significant investments in infrastructure and manufacturing facilities.
Realty major DLF plans to launch nearly 37 million sq ft of area for sale, targeting Rs 1.04 lakh crore in revenue from luxury homes in cities like Delhi, Gurugram, and Mumbai. In Q1 FY2024, DLF's sales bookings surged over three-fold to Rs 6,404 crore. The company aims for Rs 17,000 crore in sales bookings for FY2024-25.
US cryptocurrency exchange Coinbase has added three new members and they are Chris Lehane, a member of the executive team at OpenAI; Paul Clement, former U.S. Solicitor General under President George W. Bush; and Christa Davies, chief financial officer for Aon and a board member for Stripe and Workday. The additions will expand the board from seven to 10.
Mutual fund investors were shocked when Sebi raided Quant Mutual Fund's offices for alleged front-running. The raid impacted various funds' performance, with some underperforming their benchmarks, while others like Quant Focused Fund outperformed. Despite this, the fund house's assets under management hit all-time highs, reflecting an increase in their total AUM and growth in several key funds.
The government proposed an internship scheme to bridge education and employment gaps, targeting the development of a skilled workforce. Covering 1 crore youth in 5 years, it offers stipends for practical work experiences in top companies, empowering interns and encouraging corporate involvement.
Gold prices have plummeted by 7% in local markets following a government cut on basic custom duty. The move is expected to boost investment in gold as a commodity and financial asset. Analysts believe the duty reduction will curb smuggling and drive growth in the organized jewelry sector. Market experts anticipate stability in prices with factors like US interest rates and political outcomes.
JPMorgan started introducing LLM Suite to pockets of the bank earlier this year and about 50,000 employees now have access to it, the report added, citing people familiar with the matter.
