As Vice President Harris defines her vision for how best to lead the United States in this moment in time, she has an opportunity to take the torch passed to her by President Biden in an explicitly pro-innovation direction.
According to Nagaraj Shetti of HDFC Securities the short-term trend of Nifty is down, but the near-term uptrend status of the market is intact. There is a possibility of some more weakness in the coming sessions down to 24,600-24,500 levels before showing any upside bounce from the lows. Immediate resistance is at 24,900 levels.
IMD scientist Dr. Naresh Kumar announced that western Madhya Pradesh, eastern Rajasthan, Gujarat, the Konkan region, Goa, and Maharashtra are all on high alert, with a red alert issued for these areas.
The administrator of Reliance Capital claimed IIHL did not comply with a tribunal's order by placing funds in incorrect accounts. IIHL stated funds would transfer after escrow conditions are met. As per the July 23 NCLT order, IIHL had until July 31, 2024, to comply, but the administrator argued conditions remain unmet.
Bangladesh has seen a series of clashes involving police, protesters, and the government, leading to the shutdown of internet services. The unrest, which has prompted the government to halt internet services, is the largest test since the January elections boycotted by the main opposition Bangladesh Nationalist Party. Critics accuse the government of using excessive force to suppress the movement, which she and her ministers deny. The unrest has led to the blockade of major highways and violence spreading nationwide.
The S&P BSE Sensex closed 1.08% lower at 80,981, while the NSE Nifty50 index ended below the 24,750 level.
Indian boxer Lovlina Borgohain, bronze medalist at the Tokyo Olympics, dropped out of the Paris Games after losing a quarterfinal bout to Li Qian, ending India's boxing campaign after Nishant Dev was eliminated from the men's quarterfinals.
From the epicenter of unscrupulous real estate activities to one of the country's most vibrant realty markets, the National Capital Region has come a long way. The region has seen several notable trend reversals in the past five years. Among them - housing demand is now heavily tilted toward the luxury housing segment.
Bharti Airtel is expected to report a revenue of Rs 38,488 crore for Q1 FY24, marking a 2.6% YoY increase. Net profit estimates range from Rs 2,068 crore to Rs 3,922 crore. Axis Securities has the highest revenue estimate at Rs 38,996 crore, and Prabhudas Lilladher forecasts a decline in adjusted PAT.
In West Bengal, the number of households that completed 100 days of wage employment was "zero" in 2023-24, according to the written reply given by Union Minister of State for Rural Development Kamlesh Paswan in the Upper House of Parliament.
The India vs Great Britain men's hockey quarterfinal ended 1-1 in regulation time. Harmanpreet Singh scored for India before Lee Morton equalised for Britain. The match advanced to a penalty shoot-out. India played with ten men after Amit Rohidas was sent off. The exciting battle kept spectators on edge as both teams fought hard.
Elaborating on expansion plan, Lodha said the company has identified 48 cities across India which have great potential for plotted development because of existing or upcoming infrastructure projects and inflow of tourists in these towns.
"The index biggies, ICICI Bank, SBI, Axis Bank, and Kotak Bank which together form around 57% of the index, look weak in weekly charts with weekly MACD signals a break seen in SBI and Axis."
River Mobility Pvt Ltd, supported by investors Yamaha Motor Corp and Mitsui & Company Ltd, planned to establish 100 showrooms by March 2026. They recently opened their first store in Chennai and aimed to expand with 15 more stores by November and 50 by March 2025. The 'Indie' scooters have been on sale since October 2023.
In an answer to the Rajya Sabha, the Union MoS for Education revealed that the NTA collected an estimated Rs 3,512.98 crore, while it spent Rs 3,064.77 crore on the conduct of examinations. "It therefore netted a profit of Rs 448 crore in the last six years," he pointed out.
Uttar Pradesh Minister Om Prakash Rajbhar also said that people call the NDA government a "bulldozer government," and criminals are afraid of it. He added that during the Samajwadi Party government, criminals used to roam freely.
The RBI was predicted to keep the key interest rate steady at 6.5% at its August meeting, influenced by persistent inflation and economic growth. Experts noted any rate cuts might be seen in late 2024, subject to further economic data. This decision aligns with the similar stance of the US Federal Reserve.
Parul Chaudhary, the national record holder in women's 3000m steeplechase, failed to qualify for the final round at the Paris Olympics after finishing eighth in the heat race. She ran the distance at 9 minutes 23.39 seconds, below her national mark of 9:15.31. The top five from the three heat races qualified for the final.
India's dairy sector anticipated a 13-14% revenue boost for FY 2024-25, fueled by strong consumer demand and better raw milk supply due to favorable monsoons. The industry's growth was supported by increased sales of value-added products and rising consumption in the HORECA segment, compensating for modest growth in realization rates.
Vice President Kamala Harris is set to interview potential vice-presidential picks, including Senators Mark Kelly, Minnesota Governor Tim Walz, and Pennsylvania Governor Josh Shapiro. Each candidate offers unique strengths and challenges. The decision is critical as Harris prepares for the 2024 election against Donald Trump. Other potential candidates include Pete Buttigieg and Andy Beshear. Harris's choice will impact her campaign strategy and the Democratic ticket.
Union Home Minister Amit Shah reassured opposition parties that the NDA government will complete its term and form the government in 2029. He emphasized that the opposition is unaware of the BJP's higher number of seats in three elections than the Congress. Shah assured the opposition that the government will complete its five-year term and the next term will also be of the NDA.
Warehousing and logistics absorption grew by 8% to 16.6 million sq ft in H1 2024 compared to H1 2023. Mumbai and Pune contributed 63% of total absorption, with strong investment reaching USD 1.6 billion. Third-party logistics firms dominated, while the NCR region saw a significant decline in share.
Follow-on offerings are particularly sensitive to market timing because the stock is constantly trading and its price fluctuates continuously. This makes deal pricing very dynamic, with precise timing being crucial.
Telecom operators have voiced concerns over Trai's new QoS norms, citing increased compliance and cost burdens without sufficient customer gains. Effective from October 1, the new rules demand monthly QoS reporting and offer compensation for outages. The telcos plan to work with Trai to resolve these matters.
Residents of Dharavi are backing a state government survey essential for a $3-billion redevelopment project spearheaded by the Adani Group. The survey will map informal tenements, paving the way for modern housing and amenities. The project includes sustainable infrastructure and vocational training, aiming to transform the densely populated slum area.
