A total of 12,927 shares changed hands on the counter till 10:10AM (IST)
Indian companies are preparing for increased share buybacks as new tax rules, effective October 1, shift taxation from companies to shareholders. Here are 6 companies with ongoing buyback programs.
The 30-share BSE Sensex was down 79.13 points at 80974.06
Ahead of National Space Day, Isro released new images from Chandrayaan-3, including the Pragyan rover's first moments on the lunar surface. The images offer a visual account of various mission stages, including the final descent and soft landing near the Moon's south pole. This mission marks a significant milestone for India’s space program.
At the Democratic National Convention, presidential nominee Kamala Harris delivered a moving tribute to her late mother, Dr. Shyamala Gopalan Harris, a woman whose influence has been a cornerstone of Harris's life and career.
A total of 432,735 shares changed hands on the counter till 10:05AM (IST)
UBS has maintained a buy rating on TVS Motor, raising the target price to Rs 3,200 from Rs 3,000. They view the new Jupiter model as a significant upgrade over its predecessor and its competitors at a similar price point. UBS expects the new Jupiter to drive an additional 15,000-20,000 units in volume, representing 7% of domestic 2W volumes and 5% of total TVS volumes.
The Nifty Auto index was trading 0.74 per cent up at 25752.65.
UTI Asset Management Company's stock has surged 30% over the past three months, reaching a multi-year high. Despite this impressive rally, experts suggest that there is still potential for growth. Short-term traders are advised to buy the stock at around Rs 1,090-1,100 with an expected target of Rs 1200, while maintaining a stop loss at Rs 1035.
Kamala Harris, speaking at the Democratic National Convention, addressed the Israel-Hamas war, emphasizing the need for a ceasefire deal in Gaza. She pledged unwavering support for Israel's right to self-defense and called the Gaza situation 'heartbreaking.' Harris also discussed restoring reproductive rights and criticized Donald Trump, while vowing to represent all Americans if elected president.
The global copper market experienced significant disruptions as China, typically a major importer, began exporting large volumes due to low domestic demand.
The Nifty Pharma index was trading 0.07 per cent down at 22530.45.
Sony's new BRAVIA 7 series delivers a cinema-like experience at home with its advanced features. Equipped with Studio Calibrated modes, IMAX-enhanced certifications, and cognitive AI Processor XR, it ensures optimal picture and sound quality. The series supports Dolby Vision and Dolby Atmos, providing a highly immersive viewing experience for streaming platform content.
Donald Trump provided no details as to the exact content of the project, called "The DeFiant Ones." "For too long, the average American has been squeezed by the big banks and financial elites," wrote the Republican candidate in the US presidential election on his Truth Social network.
Chinese firms imported almost $26 billion worth of chipmaking machinery, according to fresh trade data released by China’s General Administration of Customs this week.
On the first National Space Day, Prime Minister Narendra Modi congratulated the nation and highlighted his government's commitment to advancing space exploration. He reflected on India's achievements, particularly the Chandrayaan-3 moon landing, and emphasized ongoing and future initiatives to support the space sector.
Healthcare services at state-run hospitals in West Bengal were severely disrupted Friday as junior doctors continued their ceasework for the 15th consecutive day, protesting the alleged rape and murder of a postgraduate trainee at RG Kar Medical College and Hospital (RGKMCH). The doctors chose to persist with their demonstration despite the Supreme Court's appeal for them to resume work.
Shares of FSN E-Commerce Ventures, Nykaa's parent company, rose 4% after Harindarpal Singh Banga and Indra Banga sold a 1.4% stake. The sale price was Rs 198 per share, a discount from Thursday's closing. Nykaa's shares have shown significant gains, rising by 23% this year and 60% over the past 12 months.
Kamala Harris DNC Speech: Kamala Harris accepted the Democratic nomination for president at the Democratic National Convention, delivering a speech that criticized former President Donald Trump. She emphasized the dangers of a potential Trump re-election and highlighted her commitment to unity and core American values. Harris pointed out Trump's controversial actions and legal troubles, stressing the need to move past divisive battles and ensure a better future for the country.
Several companies in the Nifty500 index have turned their fortunes around in Q1FY25, posting profits after year-on-year losses. Notable names include PB Fintech, Adani Wilmar, and Zee Entertainment Enterprises. Data shows a positive shift in their financial performance, indicating a significant improvement from the same quarter last year.
Innovation, investments and institutional push in human capital is needed to narrow urban-rural inequality, says Anish Kumar, Co-Lead of Transform Rural India.
Congress president Mallikarjun Kharge has criticized the Central Government for its handling of the MGNREGA scheme. He argued that the poor state of the scheme highlights Prime Minister Narendra Modi's neglect of rural India. Kharge pointed out low wages, and budget cuts, and claimed technology misuse has led to job card deletions.
Nearly two years after FTX filed for bankruptcy, the charges against Bond show that the legal fallout from the company's implosion is not over. When FTX was a highflying exchange, its executives made tens of millions of dollars in political donations -- a spending spree that came under scrutiny from prosecutors after the company failed. Sam Bankman-Fried, founder of FTX, was convicted of fraud in November and sentenced to 25 years in prison.
Union Minister H D Kumaraswamy highlighted the contributions of four Central Public Sector Enterprises in the success of ISRO's Chandrayaan-3 lunar mission. These CPSEs supplied essential products crucial to the mission. The National Space Day celebration recognizes the efforts of ISRO's scientists and industries in achieving the landmark lunar landing.
