Industrial and warehousing demand in major Indian cities soared in H1 2024, led by Chennai and Delhi NCR, as leasing grew by 17%. Third-party logistics dominated the market with significant deals from electronics and FMCG players. New warehousing facilities and technological advancements were highlighted to meet the increasing demand.
Kargil Vijay Diwas: On the 25th anniversary of Kargil Vijay Diwas, Prime Minister Narendra Modi defended the Agnipath scheme, emphasizing its goal of modernizing the armed forces rather than saving pension funds. He criticized those politicizing the scheme. Modi paid tribute to Kargil War heroes and inaugurated the Shinkun La Tunnel Project, which will be the world’s highest tunnel and improve connectivity to Leh. This project aims to boost military logistics and stimulate development in Ladakh.
Sobha Ltd Shares News: Shares of Sobha Ltd fell 4.5% to Rs 1,779 due to block deal reports, possibly involving Anamudi Real Estate LLP. Despite the drop, the stock has risen 190% over the past year. The company reported an 86% decline in Q4 FY24 profit with net profit at Rs 7.02 crore and income at Rs 791.25 crore.
Shares of Go Digit General Insurance rallied 8% on Friday to a day's high of Rs 362.25 on the BSE after the company reported a 74% increase in net profit for the quarter ended June 30, 2024, reaching Rs 101 crore, up from Rs 58 crore in the same period last year.
Tech Mahindra's shares fell 5.5% after Q1 PAT rose 23% YoY to Rs 851 crore, below the Rs 870 crore estimate. Revenue dropped 1% YoY but improved 1% sequentially. Brokerages gave mixed ratings: Nomura - Buy, Motilal Oswal - Neutral, Nuvama - Reduce.
GST: Now demand notices of GST cannot be issued beyond 42 months from the due date of filing GST annual return. Moreover, GST demand orders now have to be issued within 12 months from the date of GST demand notice. Know how this Budget 2024 amendment helps you in GST cases.
Mails seeking comment from Infosys were directed to response made during Q1 earnings where CEO Salil Parekh said “McCamish is in the process of coordinating with its clients to ensure all the notifications are provided. In addition, the U.S. State Attorney Generals and Insurance Commissioners have also been notified.”
Gold and silver August and September futures saw a slight uptick after recent declines. Gold dropped Rs 1,100/10 gm and silver Rs 3,500/kg in the last two days, impacted by the Chinese economy and U.S. data.
Esprit Stones' SME IPO, aimed at raising Rs 50.42 crore through 57.95 lakh shares, opened on July 26 and closed on July 30, with a price band of Rs 82-87 per share. Shares will list on NSE SME platform, anticipated to debut August 2. The company specializes in manufacturing engineered quartz and marble surfaces.
SA Tech Software's IPO opened for subscription, aiming to raise Rs 23 crore through a fresh equity issue of 39 lakh shares. Priced at Rs 56-59 apiece, the company's shares were trading with a significant premium in the unlisted market. Funds will be used for debt repayment, working capital and corporate purposes. The IPO closes on July 30.
Mankind Pharma Share Price: Mankind Pharma shares dropped by 2.5% following the announcement of a Rs 13,630 crore acquisition of Bharat Serums and Vaccines (BSV). The acquisition aims to strengthen Mankind's position in women's health and fertility drugs. BSV reported strong revenue growth in FY24, with a notable presence in IVF and critical care segments.
Finance Minister Nirmala Sitharaman announced significant budget allocations to agriculture, defense, and infrastructure, boosting sectoral mutual funds. Experts recommended focusing on infrastructure, banks, and consumption sectors. Historical returns revealed promising results for these sectors, though investors were advised to maintain balanced allocations despite favorable trends.
With advanced technology and innovative solutions, drones are able to address several issues for farmers when it comes to pesticide spraying.
In 1998, Bob Pattillo tested the waters of microfinance and realized how wisely invested capital can transform the lives of the most economically vulnerable populations in developing countries. Today, he wants to provide employment to millions of women in India.
Tata Steel saw a decline of over 13% in the past three months and hit a low of Rs 160 in July 2024. Despite the downturn, experts suggest high-risk traders buy on dips for potential gains, anticipating a recovery. Increased stakes from institutional investors also hint at a possible bounce-back.
Diageo India rebutted claims that its CEO was summoned by Delhi police over billing and discounts practices from 2017-2020. While Reuters reported an investigative notice, Diageo clarified it pertained to routine information requests received by multiple manufacturers. The CEO has been asked to provide documents but is not the focus of the investigation. They are cooperating with authorities as usual.
Sanstar IPO saw a strong response, with subscriptions nearly 83 times oversubscribed as investors heavily bid. The company plans to use the net proceeds to expand its Dhule facility, repay debt, and for general corporate purposes. Sanstar, a major Indian manufacturer, produces plant-based specialty products and ingredients for various applications.
China's solar energy market has seen rapid growth over the past 15 years, now dominating global production and exports.
In the past month, several brokerages have raised target prices for stocks such as HDFC Life and HCL Tech. Trendlyne data shows up to eight upgrades for these stocks.
A day after Nasdaq had fallen by more than 3 %, to see Indian IT stocks trading with minor cuts and some even witnessing intraday recovery is something which is probably which indicates more than obvious. This has to be looked at in context of the fact that as a sector IT stocks has been underperforming then why this sudden out performance. Also combine the fact that most of the large IT companies which had been coming out with Q1 results have been better than expected. So, probably it might be the... Читать дальше...
The article outlined the evolution from neoliberalism to an era of big government intervention, challenging the simplistic narrative of small government dominating 1980-2008.
The Drewry World Container Index composite of eight major trade lanes dropped 2.2% to $5,806 for a 40-foot unit, snapping a 12-week-long advance, according to figures released Thursday.
As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon.
The current class of AI models, which work by statistically predicting the next word, have struggled with abstract math, which requires greater reasoning capabilities resembling human intelligence.
