Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Protests continue in Delhi’s Rajinder Nagar for the fifth day after three UPSC aspirants died in a flooding incident at an IAS coaching center. Despite promises from officials, students demand action on corruption and infrastructure issues. The Delhi Police arrested the coaching center owner, and NHRC issued notices.
Rudraprayag District Magistrate Saurabh Gaharwar confirmed the cloudburst incident at Bhim Bali on the Kedarnath trail, resulting in a landslide that damaged 20-25 metres of the path. The approximately 200 pilgrims stranded at Bhimbali GMVN were safely relocated, with no reported loss of life.
The Nifty Pharma index was trading 0.33 per cent down at 21704.35.
Tata Steel shares rose 2% on Thursday, reaching Rs 168.80 on the BSE, following a report of a consolidated PAT of Rs 960 crore for the June quarter. However, revenue declined 8% year-on-year to Rs 54,771 crore. The board approved a scheme of amalgamation with Rujuvalika Investments and their respective shareholders.
The Nifty IT index was trading 0.02 per cent down at 40843.9.
Delhi-NCR was lashed with torrential rains on Wednesday night leading to the death of two, waterlogging in multiple areas, many houses collapsing, as well as schools being shut on Thursday.
Selan Expl Tech, Pondy Oxides, Shivam Autotech, Firstsource and Phillips Carbon, hit their fresh 52-week highs at 10:55AM.
As of 30-Jun-2024, promoters held 51.46 per cent stake in the company, while FIIs held 11.2 per cent and domestic institutional investors had 5.16 per cent.
Brokerage firm Way2Wealth has highlighted key stocks for Budget 2024, focusing on their technical strength and return potential. Notable picks include BHEL, NTPC, AU Small etc.
The certification was granted basis assessment of eight parameters, namely water efficiency, location and transportation, indoor environmental quality, sustainable sites, energy and atmosphere, materials and resources, innovation and regional priority credits.
Due to heavy rainfall and adverse weather conditions, several states have declared school holidays to ensure the safety of students and staff. Here are the details of the school closures across different regions:
Cognizant Technology Solutions saw a 22.2% rise in net profit for Q2 2024, reaching $566 million. Revenue was $4.85 billion, falling slightly from last year but exceeding Q1 figures.
During the Question Hour in the Rajya Sabha on Wednesday, Samajwadi Party's Ramji Lal Suman said the Rashtriya Swayamsevak Sangh (RSS) affiliation was the criterion for the government in selecting the head of the National Testing Agency (NTA). At this point, Dhankhar ordered that the comments will not go on record.
A total of 26,158 shares changed hands on the counter till 10:45AM (IST)
On Thursday, a seven-judge bench of the Supreme Court ruled that sub-classifying Scheduled Castes (SCs) and Scheduled Tribes (STs) to grant separate quotas for more disadvantaged groups within these categories is permissible.
Mitali Nikore discussed the structural issues in India's tax system, highlighting that only the top 10% of income earners pay taxes. She emphasized the need for progressive taxation and suggested focusing on GST to expand the tax net. Nikore also called for reconsidering corporate and small business taxes to ensure broader revenue collection.
Beetroot drink: Beetroot drink for anti-ageing, best beetroot drinks for women
Sawan Shivratri 2024: Shivratri, celebrated on August 2, 2024, saw devotees fasting and performing rituals to honor Lord Shiva. Fasting rules included specific dietary allowances and restrictions. Devotees offered Bael Patra, Chandan, and raw cow milk to Lord Shiva, emphasizing disciplined worship. Followers meticulously observed these practices to earn Mahadev’s blessings.
Infosys shares dropped by 1% following news of an investigation by the Directorate General of GST Intelligence regarding a Rs 32,000 crore GST evasion. Infosys clarified via a filing that GST should not apply to services by overseas branches and asserted compliance with all GST obligations.
A total of 1,240,897 shares changed hands on the counter till 10:40AM (IST).
The NSE Nifty index was trading 67.7 points up at 25018.85
Gold and silver prices surged as the US Fed hinted at a possible rate cut in September. Gold October futures opened at Rs 70,005 per 10 grams, while Silver September futures traded at Rs 83,967 per kilogram. The unchanged interest rates and geopolitical factors also contributed to the market's positive response.
