Indian men's doubles duo Satwiksairaj Rankireddy and Chirag Shetty are aiming to maintain their winning momentum at the Paris Olympics despite their second Group C match against Germany's Marvin Seidel and Mark Lamsfuss being canceled due to Mark's knee injury. The Badminton World Federation (BWF) has informed Lamsfuss' withdrawal from the Olympics, resulting in the cancellation of their matches against India's Rankireddy/Shetty and France's Lucas Corvee/Ronan Labar.
The 30-share BSE Sensex was up 258.12 points at 81590.84
RNFI Services' shares launched with a 90% premium on NSE SME. The IPO saw an overwhelming response, being subscribed over 200 times. The company provides diverse fintech services across India, focusing on financial inclusion. India’s fintech market is set to grow from $50 billion in 2021 to $150 billion by 2025, with significant potential in assets under management and revenue.
According to Sebi norms, medium to long term funds have a mandate to invest in debt and money market instruments in such a way that the Macaulay's duration of the portfolio is four to seven years. Since these schemes invest in long-term debt instruments, they are considered risky.
The EU is moving forward with tariffs on Chinese electric cars, while Donald Trump has threatened to impose duties of 50% or more on imports of Chinese goods if he wins November’s presidential election.
During the World Artificial Intelligence Conference in Shanghai, Chinese firms launched advanced AI tech competing with American counterparts. Companies such as Kuaishou and 01.AI made significant strides, driven by open-source collaboration. While U.S. restrictions aim to curb China's progress, Beijing's support and open-source initiatives are accelerating the country's AI advancements.
CloudTV will have to stay on the development track and keep introducing features to meet consumer expectations.
NASA’s Psyche mission aims to explore the metal-rich asteroid 16 Psyche, potentially worth $100,000 quadrillion. The mission, expected to reach the asteroid by 2029, will provide insights into planetary formation. However, significant technological, economic, environmental, and ethical challenges make mining 16 Psyche a complex endeavor. While advancements in space mining technology are ongoing, substantial financial investment and international regulation are crucial for future progress. The mission's... Читать дальше...
The analysis revealed 13 equity mutual funds that multiplied investors' wealth over four times in five years. Quant Small Cap Fund was the top performer, turning Rs 1 lakh into Rs 6.48 lakh. These funds showed strong CAGR, with several surpassing 33%. However, it is crucial to consider one’s risk appetite and investment goals before making decisions.
Nifty 50 and Sensex reached new all-time highs on Monday due to strong Q1 results from ICICI Bank and gains in Asian markets. ICICI Bank's profit exceeded estimates, while NTPC and Bandhan Bank reported notable profit growth, leading to significant gains in their shares.
UltraTech previous to this acquisition and Kesoram’s acquisition had a very low share in the southern region. So, both Kesoram and India Cements acquisitions would help balance out the share in the southern region as compared to other regions. Second thing being the budget, in the recent budget also a lot of investments are expected in Andhra Pradesh region, especially development of its financial capital, a big irrigation project and a few numbers of industrial corridors. So, there is going to... Читать дальше...
The Municipal Corporation of Delhi (MCD) has sealed the basements of 13 coaching centres in Karol Bagh for violating building bye-laws, following protests by students. Three students died after the basement of a building housing a coaching IAS aspirant in Delhi's Old Rajinder Nagar was flooded following rains. Students complained that biometric access was mandated to enter libraries, which were mostly located in basements.
The Indian men's archery team, including Dhiraj Bommadevara, Tarundeep Rai, and Pravin Jadhav, advanced to the quarterfinals at the Paris Olympics, striving for India's first medal in Olympic archery. The women's team, led by Deepika Kumari, was eliminated in the quarterfinals. Individual events remain, with hopes pinned on veteran archers like Deepika Kumari and Tarundeep Rai.
Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 2049490.77 Crore) operating in Diversified sector.
Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 239115.80 Crore) operating in FMCG sector.
UBS downgraded SBI Cards to a sell rating, setting a target price of Rs 620 due to weak Q1 performance. Nomura kept a neutral stance on IndusInd Bank, reducing the target to Rs 1,580. Morgan Stanley and Macquarie maintained positive views on ICICI Bank, increasing their target prices to Rs 1,500 and Rs 1,300, respectively.
Nifty had a decent rally on Friday following a period of downward consolidation in the previous few sessions. The index sustained above the 21 EMA at closing, setting the stage for solid gains in the near term. Banks, which had not been supportive in the last few sessions, came in with their full support.
Rau IAS Study Circle: The Municipal Corporation of Delhi took action against 13 illegally operating coaching centres in Old Rajinder Nagar, sealing premises after three IAS aspirants died due to flooding. The centres, including IAS Gurukul and Rau's IAS Study Circle, violated basement usage rules. A high-level committee is being considered by Delhi Mayor Shelly Oberoi to address the violation.
In the June quarter, mutual funds boosted investments in leading IT stocks like Infosys and TCS, while FIIs reduced their stakes. Experts highlighted improved profits and positive future prospects driven by BFSI recovery and AI advancements.
The Indian market was expected to trade higher on Monday due to positive global cues. The Nifty Future closed with a 1.88% gain on Friday. Analysts suggested a broader trading range between 24,500 to 25,300 zones. Stock recommendations from experts included India Cements, Sonata Software, and BPCL, among others, with specified target prices and stop-losses.
Manu Bhaker made history by winning India's first medal at the 2024 Olympics, clinching bronze in the Women's 10m Air Pistol event. After struggling in the 2020 Olympics, she was motivated by coach Jaspal Rana to continue. Her victory signifies resilience and ends a 12-year drought for India's Olympic shooting medals.
Bengaluru’s Ola Electric set its IPO price band at Rs 72-76 per share, to run from August 2 to August 6. The IPO involves a fresh issue of Rs 5,500 crore and a share sale worth Rs 645.56 crore. Funds are earmarked for factory expansion, debt repayment, and R&D. This marks the first IPO from an Indian EV startup.
