Following this initial phase of expansion, the company plans to scale up to 1,000 stores, entering new markets such as Bangalore, Hyderabad, and Chennai.
The 30-share BSE Sensex was up 100.98 points at 81154.17
A total of 820 shares changed hands on the counter till 10:45AM (IST)
The Nifty Bank index was trading 0.04 per cent up at 51007.8.
A total of 13,036 shares changed hands on the counter till 10:40AM (IST)
Thailand has confirmed a case of the Clade Ib version of mpox, a virus with a mortality rate of 3%. The infected individual, a 66-year-old European man who worked in an African outbreak region, is under observation. Officials are monitoring contacts and enforcing travel controls to prevent further spread.
A total of 198,415 shares changed hands on the counter till 10:35AM (IST)
The 30-share BSE Sensex was up 7.01 points at 81060.2
The US government has restricted the export of high-end AI chips to China over the past two years, citing the need to limit the Chinese military's capabilities. "AWS complies with all applicable US laws, including trade laws, regarding the provision of AWS services inside and outside of China," a spokesperson for Amazon's cloud business said.
India marks its first National Space Day on August 23, 2024, celebrating the one-year anniversary of ISRO's historic Chandrayaan-3 moon landing. Prime Minister Narendra Modi declared this day to honor India's accomplishments in space. The event highlights India's progress and the societal benefits of space exploration.
On the technical charts, the RSI of the stock stood at 54.18.
The NSE Nifty index was trading 4.85 points up at 24816.35
ITR filing: As per data from the ITR portal 73.71% of all the verified ITRs have been processed already. This means about 26% ITRs are yet to be processed. Could it be because these 26% ITRs need additional scrutiny or others? Read the story to know more about ITR filing.
Wyndham will launch its first luxury hotel in India next year with the opening of the Wyndham Grand in Udaipur. Additionally, they plan to form strategic alliances with white label operators to expand their presence. Wyndham operates 60 hotels in India and has 45 more in the pipeline, with new openings this year in various cities.
The Relative Strength Index of the stock stood at 72.28 on Friday.
Devendra Pant, Chief Economist at India Ratings, discusses the shift in FMCG companies' concerns from rural India to urban demand. Despite steady GST collections and stable unemployment rates, challenges like food inflation and consumer sentiment issues persist. The government projects GDP growth of 6.5-7% for FY25, cautiously optimistic about inflation.
The Nagaland government is considering partially lifting the Nagaland Liquor Total Prohibition Act, 1989, as discussed in a recent state cabinet meeting. This issue may be addressed in the upcoming Monsoon Assembly session. Concerns include unregulated liquor inflow, societal risks, and revenue losses from the existing prohibition.
The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0.
CDSL Share Price: Shares of Central Depository Services (CDSL) surged 6% to a day's high of Rs 1,558.85 on the NSE after trading began on a pre-bonus basis. The record date for the bonus issue is Saturday, August 24, but since Saturday is a market holiday, today is the ex-date. Bonus shares will be issued to shareholders registered as of the record date.
Gold October futures at MCX opened flat at Rs 71,384, while silver September futures rose to Rs 83,979. Despite recent declines, both metals show bullish signals with key resistance and support levels identified.
I mean, the S&P is still above 5600, has rebounded almost every single thing that it has lost that day. So, I think the more that we get clarity on this type of data, then the more that we are going to see markets factor in more than 100 basis rate cuts by the end of the year.
Armed force personnel from India, Nepal, and Sri Lanka will participate in a bike expedition in October, covering the Buddhist Circuit from Lumbini in Nepal to Colombo in Sri Lanka. Organized by the governments of the three nations and the Royal Thai Monastery, the expedition will traverse seven Indian states and include a journey aboard an Indian Navy ship. The expedition aims to trace significant locations related to Gautam Buddha.
The stock quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 289.3.
The 30-share BSE Sensex was down 8.26 points at 81044.93
