Ola Electric will float its IPO on August 2, offering equity shares worth Rs 5,500 crore and an additional 8.49 crore shares from promoters. The IPO aims to raise funds for manufacturing capacity expansion, research, and debt repayment. Key anchor investors include Fidelity, Nomura, and several Indian mutual funds.
Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.
Union Minister of Consumer Affairs, Pralhad Joshi, announced a market intervention by the National Cooperative Consumers' Federation of India to lower tomato prices in Delhi. The initiative involves procuring tomatoes at wholesale prices to sell at reasonable rates, aiming to stabilize retail prices. Joshi stated that prices are expected to decrease over the next week, with tomatoes being sold at Rs 60 per kg in various locations to ease financial burdens on consumers.
Karnataka CM Siddaramaiah accused Finance Minister Nirmala Sitharaman of misleading about budget allocations to Karnataka. He claimed unmet promises on several projects and criticized the BJP for tarnishing Congress-ruled Karnataka's image. Siddaramaiah and Deputy CM D K Shivakumar planned to travel to Delhi for a meeting with the Congress high command.
Spandana Sphoorty Financial has temporarily stopped onboarding new-to-credit customers to manage asset quality after a spike in delinquencies. The gross non-performing assets increased to 2.6%. The company also halted new customer acquisition in 14% of its branches, with plans to review the situation in three to six months.
IDFC First Bank's CEO, V Vaidyanathan, discussed the impact of recent Tamil Nadu floods on their joint liability group loans, leading to higher provisions. However, strong deposit growth and diversified loan book are keys to their stable future. The bank aims to enhance profitability through a growing retail deposit base and effective risk management.
Leader of Opposition Rahul Gandhi accused the Indian Budget of being a 'Chakravyuh', a monopoly based on financial power, institutions like the ED, CBI, and Income Tax Department, and political execution. He compared the budget to Mahabharata's Lotus Formation, a concept he referred to as the 21st-century Chakravyuh, with PM Modi carrying its symbol on his chest.
The Relative Strength Index of the stock stood at 65.96 on Monday.
Adani Total Gas Q1 Results: Revenue from operations in the reporting period rose 9% year-on-year to Rs 1,239 crore as against Rs 1,135 crore posted in the last year period. The company reported an EBITDA of Rs 296 crore in the first quarter, marking a 21% year-on-year increase due to higher volumes. Margins also improved to 23.9%. CNG volumes grew by 20% year-on-year during the reporting quarter, driven by network expansion across multiple geographical areas.
The Gartner research indicates that GenAI requires a higher tolerance for indirect, future financial investment criteria compared to immediate return on investment (ROI). Analysing the business value and total costs of GenAI business model innovation can enable organisations to establish the direct ROI and future value impact.
A total of 248,595 shares changed hands on the counter till time (IST).
The Indian Navy is set to acquire three more Scorpene-class submarines, with the French Naval Group partnering to integrate an indigenous combat management system from Bharat Electronics Limited. The additional submarines, to be built at Mazagon Dockyards, will feature up to 60% Indian content. Naval Group's Vincent Martinot-Lagarde emphasized that this project will enhance India's submarine capabilities and create skilled jobs domestically. The initiative aims to bolster India's self-reliance in... Читать дальше...
Rajya Sabha Chairman Jagdeep Dhankar agreed to discuss the recent deaths of three UPSC aspirants at a Delhi coaching centre, highlighting the commercialization of coaching. The discussion was prompted by a notice from MP Swati Maliwal, who criticized the conditions leading to the tragedy.
A total of 122,066 shares changed hands on the counter till 02:00PM (IST)
Claims of a Pakistani covert operation involving around 600 SSG commandos in Jammu and Kashmir have intensified security concerns. The operation, allegedly led by Major General Adil Rehmani, has prompted a significant response from Indian forces, including the activation of Operation Serp Vanish 2.0. The situation reflects rising tensions with potential parallels to the Kargil War.
A price increase of Rs 5-6 per litre in cottonseed oil is expected during the festive season due to higher demand, despite a better-than-expected cotton yield. The sector has been stable recently, but a decrease in cotton sowing this year—down by 3.61%—could impact next year's yield and lead to market volatility.
NPST announced its best quarterly performance in Q1 FY 2025, with net profit surging 202.96% and revenue increasing by 142.2%. Key drivers were the rise in demand for digital payment solutions and new customer accounts. Co-Founders are optimistic about continued growth, focusing on strategic investments and enhancing their business model.
On the technical charts, the RSI of the stock stood at 55.77.
Delhi Mayor Shelly Oberoi has called an emergency meeting with civic officials following the deaths of three IAS aspirants due to flooding in their coaching centre's basement. The meeting will be held at 3 pm at the MCD headquarters, involving key officials from the MCD, water board, and public works department.
SAP Labs India announced two new global AI roles at its Bengaluru hub. Rahul Lodhe will be the global head of engineering for SAP Business AI Copilot Joule, focusing on integrating the technology across business lines. Sudhakar Singh, the new chief AI security officer, will lead AI security and compliance efforts, leveraging his 20 years in cybersecurity.
Samajwadi Party leader Ramgopal Yadav has demanded that the government return to the traditional subject-based question paper format for UPSC examinations. Yadav argued that the objective question format has led to increased cheating and paper leaks, and that subjective questions are crucial for assessing reasoning abilities.
Weight loss beetroot recipe: Weight loss foods with beetroot
A total of 230,409 shares changed hands on the counter till 01:50PM (IST)
The gaming industry offers promising career opportunities for freshers with a blend of technical and creative skills. Key competencies include programming in languages like C++ and Python, art and design expertise, and knowledge of game design principles. Important soft skills such as communication and problem-solving, along with technological training in AI and cybersecurity, are also valued.
