Equity mutual fund inflows dropped by 9% in July, totaling Rs 37,113 crore, down from Rs 40,608 crore in June. Sectoral/thematic fund inflows also declined by 18%, reaching Rs 18,386 crore. Conversely, debt mutual funds saw a reversal, with inflows of Rs 1.19 lakh crore in July compared to an outflow of Rs 1.07 lakh crore in June.
A total of 2,160 shares changed hands on the counter till 11:46AM (IST)
Container imports and freight rates surged in July, signaling an earlier-than-usual peak season for the ocean shipping industry that handles about 80% of global trade.
Chief Justice of India D Y Chandrachud said AI will be used to streamline the functioning of the apex court's Registry to deal with issues like "removal of defects (in petitions) and formatting and sorting of the judicial records". "All innovative young minds should participate. By young minds, I do not mean young in age," the CJI said in a lighter vein.
On Friday, Suzlon Energy's market capitalization surpassed Rs 1 lakh crore following a nearly 37% surge in its stock price since the company released its June quarter results on July 22.
The Supreme Court granted bail to Aam Aadmi Party (AAP) leader Manish Sisodia in corruption and money laundering cases related to the alleged Delhi excise policy scam on Friday. Sisodia, who had been in custody for 17 months, was granted bail by a bench comprising Justices B R Gavai and K V Viswanathan. The court noted that the trial in the case had not yet commenced, depriving Sisodia of his right to a speedy trial.
Rail Vikas Nigam's shares dropped 4.5% to Rs 514 as the company posted a 35% year-on-year decline in net profit for the first quarter of the fiscal year 2024. The firm's revenue also declined by 27%, reaching Rs 4,074 crore. EBITDA fell 48% YoY, reducing profit margins.
Revenues from digital film rights were projected to outpace theatrical revenues by 2028, with investments in local content driving growth. India’s 59 streaming platforms increased competition for content, making direct streaming deals a viable option for unreleased films amid changing audience habits.
A total of 325,887 shares changed hands on the counter till time (IST).
After three years of negotiations and a final two-week session in New York, members approved the United Nations Convention Against Cybercrime by consensus, and it will now be submitted to the General Assembly for formal adoption. The committee was set up, despite US and European opposition, following an initial move in 2017 by Russia.
ICICI Prudential Mutual Fund has submitted draft documents to SEBI for four new funds: the ICICI Prudential Nifty 500 Index Fund, ICICI Prudential Nifty 200 Value 30 Index Fund, ICICI Prudential Equity Minimum Variance Fund, and ICICI Prudential Nifty 200 Value 30 ETF. These include three passive funds and one sectoral/thematic fund.
A total of 2,872 shares changed hands on the counter till time (IST).
A bench of Justices B R Gavai and K V Viswanathan, which had reserved its judgement on Sisodia's pleas on August 6, delivered the verdict. Sisodia, former deputy CM of Delhi, had sought bail on the ground that he has been in custody for 17 months and the trial against him has not yet started.
The stock traded at a P/E multiple of 6.26, while the price-to-book value ratio stood at 1.27.
Amid rising tensions following Hamas' leader's assassination in Tehran, an emergency OIC summit in Jeddah seeks to explore peace options. Iran, vowing revenge against Israel, may consider backing down if Gaza ceasefire talks advance. The U.S. and France are pushing for de-escalation, while fears of regional conflict persist
Founded by former Uber and Glovo executive Agarwal in 2021, Evenflow has raised capital from 9Unicorns, Village Global, Equanimity, Kunal Shah, Vijay Shekhar Sharma and many others. It has acquired several brands across home and kitchen, sports & fitness and baby care category, with presence in India & US, and scaled them on the back of online marketplaces.
As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 12.61 per cent and domestic institutional investors had 6.72 per cent.
First of all, most of the hospital companies are already trading at a huge premium. So, to that extent, making a case for further premium will be tougher. But that said, I agree with you that across the board, the results have been pretty decent. The top line growth is reasonable and profitability improvement is something which we have seen. And this is a space where the pricing power remains with many of these hospital chains.
The 30-share BSE Sensex was up 788.7 points at 79674.92
As of 30-Jun-2024, promoters held 52.63 per cent stake in the company, while FIIs held 20.43 per cent and domestic institutional investors had 9.11 per cent.
Manish Sisodia Bail SC Conditions: The Supreme Court granted bail to Delhi Deputy Chief Minister Manish Sisodia after 17 months in custody over alleged corruption in the Delhi excise policy. The court noted his prolonged detention as a violation of his right to a speedy trial. Sisodia must furnish a bond, surrender his passport, and attend a police station weekly.
Saturday bank holiday: Banks are also closed on all Sundays, regional and national holidays, as per the Reserve Bank of India holiday list which vary depend on the state of residence. Banks are closed on the second and fourth Saturdays of the month.
Raghav Productivity, Airan Ltd., 3P Land Holdings, Authum Investment and SJS Enterprises, hit their fresh 52-week highs at 11:15AM.
The 2024 Barclays Private Clients Hurun India report has listed the ten most valuable family-led enterprises in India, totaling Rs 60,09,100 crore. The Ambani family tops the list, followed by the Bajaj, Birla, Jindal, Nadar, Mahindra, Dani, Choksi & Vakil, Premji, Rajiv Singh and Murugappa families, covering various industries.
