A total of 235,931 shares changed hands on the counter till 01:08PM (IST).
AstraZeneca has warned it might move its vaccine manufacturing site from the UK to the United States due to stalled discussions with the new Labour government over state aid reductions, the Financial Times reported on Thursday. Finance minister Rachel Reeves aims to cut state support for AstraZeneca's vaccine centre from around 90 million pounds, as promised by the previous government, to 40 million pounds, sources said.
A total of 5,270 shares changed hands on the counter till 01:03PM (IST).
The Directorate General of Civil Aviation (DGCA) imposed a financial penalty of Rs 98 lakh on Tata-owned Air India for operating flights with non-qualified crew members. The incident revealed multiple regulatory violations. Earlier in March, the airline was fined Rs 80 lakh for violating pilot rest period rules.
Shiv Sena (UBT) leader Uddhav Thackeray has called for the withdrawal of cases against protesters in Badlapur, who demonstrated against the alleged sexual abuse of two kindergarten girls. The August 24 'Maharashtra Bandh' by the Maha Vikas Aghadi bloc aims to denounce 'perversion,' asking citizens to observe it strictly until 2 pm, with emergency services running.
A total of 684 shares changed hands on the counter till 12:58PM (IST)
President Droupadi Murmu visited an exhibition on space technologies at Bharat Mandapam to mark the first National Space Day. She applauded ISRO's achievements and the involvement of private players in the space sector, noting India's progress in making space missions debris-free by 2030. The day commemorates Chandrayaan-3's historic moon landing.
Democratic National Convention final day takeaways: Kamala Harris accepted the Democratic nomination for president, aiming to define herself against Republican Donald Trump. The DNC blended symbols of Americana and highlighted diverse female voices. The campaign now focuses on mobilizing voters, especially minorities, while Joe Biden shifts the spotlight to Harris.
A total of 19,155 shares changed hands on the counter till 12:52PM (IST).
Anil Ambani: The Securities and Exchange Board of India (Sebi) has banned Anil Ambani and 24 related entities from the securities market for five years due to fund diversion at Reliance Home Finance. Ambani faces a Rs 25 crore fine, while Reliance Home Finance faces a six-month ban and Rs 6 lakh penalty.
Some students who applied to St Stephen's College through the Common University Entrance Test (CUET) are facing confusion and frustration. Although they were assigned seats based on their high CUET scores, the college has denied them admission, claiming that all seats are full. Issues include unprocessed allocations, missing fee payment links, and an inability to choose alternative options.
The stock traded at a P/E multiple of 36.27, while the price-to-book value ratio stood at 3.89.
Senior IAS officer Govind Mohan has taken charge as the new Union home secretary, following the retirement of Ajay Kumar Bhalla. Mohan, previously the Union culture secretary, is noted for initiatives such as 'Azadi Ka Amrit Mahotsav' and 'Har Ghar Tiranga movement'. His experience spans across various capacities in both Sikkim and the central government.
On the technical charts, the RSI of the stock stood at 54.85.
While the banking sector saw moderate Q1 earnings with most banks contracting margins and higher credit costs, brokerages remain optimistic. HDFC Bank, ICICI Bank, and SBI are top recommended stocks, despite a lagging performance. Axis Bank, Bank of Baroda, and Indian Bank show greater potential upside.
Brij Bhushan, who was previously the vice president at Nexus Venture Partners, will be a key part of Prime's investment team and will manage the firm's portfolio and fundraising. Bhushan announced his exit from Magicpin earlier this year in a LinkedIn post.
A small passenger plane operated by Thai Flying Service crashed near Wat Khao Din in Bang Pakong district. The Cessna Caravan C208 aircraft lost contact shortly after departing from Bangkok airport, causing a search that lasted 11 hours. Onboard were nine people, including five Chinese nationals and two Thai flight attendants, but no survivors were found. The crash site was a mangrove forest, making the search challenging due to high tide and mud conditions.
Federal Reserve Chair Jerome Powell is set to address central bankers in Jackson Hole, Wyoming. Powell's speech is anticipated to offer hints about future rate cuts as the Fed becomes more confident that inflation is nearing its 2% target. Key upcoming economic data will influence the size and speed of rate reductions.
A total of 4,170 shares changed hands on the counter till 12:32PM (IST).
Orya Maqbool Jan, a political commentator and YouTuber, has been arrested in Punjab for allegedly inciting religious hatred and defaming institutions, particularly the military. His arrest follows the abduction of another YouTuber critical of the Shehbaz Sharif government. Jan had previously been detained for criticizing the military's role in politics.
The University of Delhi has announced a list of 6,100 vacant seats available for the second round of undergraduate admissions. This follows the conclusion of the first round, where 91.98 percent of seats, equating to 65,843 seats, have already been filled. Candidates can view the vacant seats on their dashboards and have the opportunity to reorder their college and course preferences from August 22 to 23.
Hundreds of resident doctors across India ended an 11-day strike on Friday following a Supreme Court appeal. The strike was in response to the alleged rape and murder of a junior doctor at Kolkata's RG Kar Medical College and Hospital on August 9. The strike had halted non-emergency services nationwide, impacting patient care.
Absolute Legends Sports, promoter of Legends League Cricket (LLC), has secured Rs 39 crore in investment from Dubai's Brickwork Development, valuing the league at Rs 350 crore. LLC, co-founded by Raman Raheja and Vivek Khushalani, features retired players and operates with six franchises. Notable participants include Kevin Pietersen and Chris Gayle. The 2024 season will run from September 11 to October 5, hosted by India and Qatar.
