India's Marico, which owns the Saffola and Parachute packaged oil brands, reported a slightly bigger-than-expected increase in first-quarter profit on Monday, helped by steady demand and said its earnings would grow this year.
First cry IPO Latest News: Firstcry is expanding its presence in international markets. The company offers its products through a diverse range of channels, including its online platform, company-owned stores, franchises, and traditional retail distribution within India.
The current ICDR rules outline overall timelines for implementing a bonus issue. However, they do not specify exact timelines for the credit of bonus shares and the commencement of trading of these shares from the record date of the issue.
Sheikh Hasina, who resigned as Bangladesh Prime Minister following massive anti-government protests, landed at Hindon Air Base near Delhi in a C-130 transport aircraft on Monday, as per ANI sources. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, the sources added.
Shiv Sena called for a narco test on Sachin Waze to clarify bribery allegations against ex-home minister Anil Deshmukh. Waze, reinstated during Uddhav Thackeray's government, was linked to bribery and related crimes. The party questioned the non-publication of a favorable report and criticized Sharad Pawar's statements on potential unrest in Maharashtra.
Apple and Nvidia spearheaded a tech stock sell-off due to U.S. recession fears and Berkshire Hathaway cutting its Apple holding. The 'Magnificent Seven' stocks, including Alphabet, Amazon, Meta, Microsoft, and Tesla, experienced notable declines. Nvidia faced additional pressures from a potential AI chip launch delay affecting major customers like Meta, Google, and Microsoft.
The Delhi High Court set an August 6 hearing for the case of a mother and son who died after falling into an open drain in Ghazipur. The MCD has been made a party to the case after jurisdiction issues arose. The plea seeks compensation and safety measures for ongoing drain projects.
Allaying frayed nerves, analysts say the sell off is more of a short-term volatility and it does not indicate any long-term panic mode set in the Indian equities. The primary market is taking a hit in terms of IPO demands. Ola Electric’s GMP has fallen to Rs 10, compared with Rs 15 a few days ago. At the current GMP, the stock is expected to list at a premium of 13% to the issue price.
With La Nina getting precedence going ahead, excess rainfalls could result in crop loss and thus a negative impact on food prices, SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Advisor, said. Theoretically, La Nina brings cooler temperatures and a general increase in rainfall in a region. For the whole of 2024-25, retail inflation is likely to average 4.6-4.7 per cent. In June, it breached 5 per cent.
Bharti Airtel’s consolidated net profit rose 100.81% sequentially and 158% on-year to Rs 4159.9 crore, helped by a one-time gain in addition to strong broadband user additions and an increase in average revenue per user (ARPU).
The salient features of the amendments proposed in the said Bill, introduced in the Upper House today, are delinking petroleum operations from mining operations; broadening the scope of the expression 'mineral oils'; introducing the concept of "petroleum lease"; and granting lease on stable terms.
Bharti Hexacom, a subsidiary of Bharti Airtel, more than doubled its net profit in the FY25 fiscal's first quarter, largely on the back of a Rs 318.3 crore exceptional gain
Ace investor Rekha Rakesh Jhunjhunwala-owned Baazar Style Retail has raised Rs 37 crore from Volrado Venture Partners reducing the fresh issue size to Rs 148 crore from Rs 185 crore.
The amount has been sent to 2,156 bank accounts in Kangpokpi district and 512 in Bishnupur district, Singh said, adding that the remaining amount will also be sent soon. The chief minister said 59,564 people have been internally displaced in the violence in the state. There have been delay in sanctioning the amount to some due to land ownership-related confusion, Singh said.
UK Prime Minister Keir Starmer convened an emergency COBRA meeting after riots broke out in several cities, targeting mosques and asylum seekers due to false online claims. Starmer condemned the violence and promised strict legal action. The Home Office announced heightened security for places of worship. Hundreds were arrested as the police confronted the mobs.
As part of this new partnership, Snorkel will provide their extensive product range along with knowledge and support while TIL will leverage its wide network of customers within India, Nepal and Bhutan to provide high-quality aerial work platforms, tele handlers and material lifts.
The Reserve Bank of India (RBI) has mandated that entities under its regulation must adhere to broad principles for credit models to ensure their prudence and effectiveness. These principles include drafting board-approved policies for risk management frameworks, validating models before and after deployment, and conducting annual reviews.
Apart from the Uttar Pradesh and Uttarakhand governments, the BJP-controlled civic body of Ujjain in Madhya Pradesh had also issued similar directive to shop owners. Ujjain is home to the famous "Mahakaal" temple to Lord Shiva. In its reply, the Uttar Pradesh government defended its directive requiring eateries along the Kanwar Yatra route to display the names of their owners and staff, saying the idea was to bring in transparency, avoid "potential confusion" and ensure a peaceful yatra.
General Waker-Uz-Zaman has stepped in as Bangladesh's new leader following Sheikh Hasina's resignation and departure. With nearly 40 years in service and notable roles including UN peacekeeping, he plans to form an interim government and address the nation's challenges.
UN High Commissioner for Human Rights Volker Turk on Monday urged immediate de-escalation in the Middle East, fearing the Gaza conflict could widen. Turk expressed deep concern over rising tensions and called for urgent action from all parties and influential states to prevent further escalation. Iran's recent statement asserting its right to retaliate against Israel, along with ongoing violence between Israel and Hezbollah, has heightened international worries about the conflict spreading. Turk... Читать дальше...
Parsvnath Developers resolved the issue of non-bailable warrants against Sanjeev Jain by making a court-ordered payment. Jain was arrested for missing a National Consumer Disputes Redressal Commission hearing linked to a complaint about delayed possession. The company reaffirmed their dedication to adhering to court orders and safeguarding interests of their clients.
The Aam Aadmi Party announced its intention to contest all 36 assembly seats in Mumbai for the Maharashtra polls. Leader Preeti Sharma Menon criticized the BJP-Shinde Sena government for widespread corruption and failing to address crucial issues such as unemployment, inflation, and infrastructure. The AAP continues to be part of the INDI alliance for national-level elections.
On Monday, Sheikh Hasina’s 15-year tenure as Bangladesh’s Prime Minister ended as protesters stormed her palace in Dhaka, demanding her resignation. Hasina, who led through economic growth but faced criticism for human rights abuses, saw her administration challenged by escalating unrest. Despite economic achievements like robust GDP growth and improved living standards, her rule was marred by allegations of repression and corruption. The protests, initially sparked by student grievances, evolved into a broader movement against her leadership... Читать дальше...
Simone Biles failed to secure a medal in the balance beam final at the Paris Games, slipping off the apparatus. Biles scored 13.100, tying with Sunisa Lee for fourth place. Italian gymnast Alice D’Amato took gold, with China’s Zhou Yaqin winning silver and Manila Esposito of Italy earning bronze.
Billionaire Elon Musk has revived a lawsuit against ChatGPT-maker OpenAI and its CEO Sam Altman, alleging that the firm put profits and commercial interests ahead of the public good, the New York Times reported.
