A stock’s 52-week-high mark is a key indicator for traders and investors as it helps assess the stock's current value and predict potential price trends.
The Zerodha co-founder and CEO pointed out that futures traders generally have a higher success rate than option buyers. Futures traders tend to be profitable around half the time, while option traders are profitable only about 10% of the time, he said, attributing this difference to the higher leverage available in options trading compared to the capped leverage in futures trading.
Commerce and Industry Minister Piyush Goyal informed the Lok Sabha on Tuesday that incentives totaling Rs 9,721 crore have been claimed under the PLI scheme for nine sectors, including electronics manufacturing and pharmaceuticals. An actual investment of Rs 1.23 lakh crore has been realized till March 2024, leading to incremental production or sales of over Rs 10.31 lakh crore and the generation of approximately 8 lakh jobs.
A Sebi study had earlier pointed to 90 per cent of the trades resulting in losses. The capital markets regulator also came up with a consultation paper on Tuesday proposing ways to limit the activity.
As many as 17,625 posts are vacant under the Ministry of Consumer Affairs, Food & Public Distribution. There was no re-employment of retired personnel in the last five years, according to Minister of State Nimuben Jayantibhai Bambhaniya. In 2014, there were 45,915 permanent and 19 temporary posts, which increased to 48,555 permanent and 8 temporary posts in 2024 across various institutions, agencies, and autonomous bodies.
The large non-bank PSOs need to abide by the directions by April 1, 2025. These include Clearing Corporation of India Limited (CCIL), National Payments Corporation of India (NPCI), Bharat Bill Payment Operating Units (BBPOUs), and Payment Aggregators (PAs), Non-bank ATM Networks, White Label ATM Operators (WLAOs), Large PPI Issuers, and Trade Receivables Discounting System (TReDS), among others.
The Reserve Bank of India (RBI) announced on Tuesday that non-bank payment system operators (PSOs) must implement a real-time fraud monitoring solution to detect suspicious transactional behavior and generate alerts. This move aims to enhance the security framework for digital payments.
As per the additional disclosure framework for FPIs issued in August 2023, certain FPIs with assets under management (AUM) exceeding Rs 25,000 crore are required to provide granular details of all their investors or stakeholders on a look-through basis to ascertain whether the FPI is effectively domiciled in a land bordering country (LBC) or not.
Golden Bachelorette 2024 release date is nearing as sexagenarian Joan Vassos is the star of the this year's ABC show.
Indian stocks closed slightly higher on Tuesday, with auto and energy sectors leading gains. Nifty's short-term trend is choppy, but the uptrend remains. Support is at 24,600; a move above 25,100 may revive bullish momentum.
FMC, a global agricultural sciences company, has received registration in India for Isoflex® active and Ambriva® herbicide for use in wheat. This new development promises to offer an effective solution for controlling Phalaris minor, a weed that has become resistant to other herbicides.
In July, US consumer confidence slightly improved, primarily due to a revised down June figure, according to the Conference Board. Despite improvements, concerns about high prices and interest rates remain. The most significant confidence gains were seen among the youngest and oldest groups, while those aged 35-54 showed decreased confidence.
U.S. job openings fell slightly in June. The data for the prior month revised higher. This indicated ongoing labor resilience supporting the economy. Job openings dropped to 8.184 million, down 46,000, according to the Labor Department's JOLTS report. May data was also revised higher to show 8.230 million unfilled positions. The decline in job openings signals a moderating demand following the Federal Reserve's interest rate hikes, contributing to the case for rate cuts. Fed officials, meeting this week... Читать дальше...
The Supreme Court ruled that no entertainment tax can be charged under the Tamil Nadu Entertainment Tax Act on online ticket booking charges for movies. This decision upholds a Madras High Court order from October 2020, which stated that the 1939 Tamil Nadu Entertainment Tax Act could not levy a tax on internet services provided by cinema owners.
Finance Minister Nirmala Sitharaman defended the pre-budget Halwa ceremony, stressing its traditional and emotional importance for the Finance Ministry staff. She responded to Rahul Gandhi's criticisms about the absence of SC, ST, or OBC individuals, questioning why such concerns were not raised during the UPA era, and condemned the divisive nature of current criticisms.
Alaska is a non-contiguous U.S. state in northwest North America. It was under Russian control till 1867 when Russian Emperor Tsar Alexander II, sold it to the US for $7.2 million under the deal signed with William H. Seward, the 24th US Secretary of State.
Jindal Stainless shifted to the breakbulk method for exports amid container shortages and rising costs. Targeting 10-15% of total produce for export, the company faced lower consolidated sales and net profit in the June quarter. Key markets include the US and Europe, with new ventures planned in Japan.
The pension scheme had provided for commutation of pension and return of capital along with reduced pension to the employees.
Hindalco Industries plans to invest $7 billion in capital expenditure over three-five years, focusing on Novelis and Hindalco India. The Bay Minette facility in North America, costing $4.1 billion, will enhance production capacity for beverage cans and automotive-grade aluminium sheets. Long-term agreements with major customers like Coca-Cola are in place. Novelis will also invest in recycling centers in North America and South Korea.
Marvel Studios has confirmed Robert Downey Jr.’s return to the Marvel Cinematic Universe, though not as Iron Man. Instead, Downey Jr. will take on the role of Doctor Doom in the upcoming Avengers films.
Prince William was worried that Meghan Markle might wear Princess Diana's jewelry to her wedding to Prince Harry, according to a new book by Robert Jobson. This highlights underlying tensions and divisions within the royal family during the occasion.
Record high temperatures pushed up the country’s electricity demand, and power plants were willing to pay high prices for imported gas to raise generation. GAIL, the nation's top importer, marketer and transporter of natural gas, was best placed to profit from the surge in domestic gas demand.
