There is a long list of stocks which have benefited due to cyclical upturn which is very short term and when the cycle turns not so favourable then you might see a lot of those mid and smallcap names struggling to justify the valuation at which they are trading right now.
The Solvent Extractors Association of India has asked the government to revisit its ban on de-oiled rice bran exports, pointing to severe underutilisation of processing plants in eastern India. The association cited the challenges faced by processors in West Bengal and raised concerns about quality control and adulteration in rice bran oil.
Commuters may face traffic disruptions in Delhi due to Chehlum and Janmashtami processions, with several diversions and additional police deployed. The Chehlum procession traveled from Pahari Bhojla to Karbala, Jor Bagh. Janmashtami festivities were observed at locations including Laxmi Narain Mandir and ISKCON temples in East Kailash, Dwarka, and Rohini.
Janmashtami is a Hindu festival that commemorates the birth of Lord Krishna, revered as the eighth avatar of Vishnu. Here are the top destinations to celebrate this festival.
As oil stocks maintain their positive trend and crude oil prices are forecasted to range between $72 and $78 per barrel, Yes Securities recommends buying seven stocks and suggests a 'Reduce' stance on three others in the Oil & Gas sector.
Paytm Share Price: Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause notices to Vijay Shekhar Sharma and ex-board members. The allegations involve misrepresentation during the IPO, focusing on Sharma’s promoter classification. This classification is significant due to regulations on ESOPs for promoters post-IPO.
The IPO of Hyderabad-based Premier Energies opens for subscription tomorrow and will be available until August 29. Shares are currently trading with a grey market premium (GMP) of Rs 336, reflecting a 74.67% premium over the upper price band of Rs 450.
The Supreme Court has summoned chief secretaries from 18 states and UTs for failing to comply with the Second National Judicial Pay Commission's recommendations on pension and retirement benefits. Despite multiple extensions, compliance remains incomplete. The court warned of issuing non-bailable warrants and stressed the need for uniform conditions for judicial officers across India.
Industry executives said the difference in sales growth between online and offline for electronic products such as AC, washing machine, laptop and tablets was never so wide — it used to be 4-6 percentage points higher online, except during the Covid period when offline stores were shut.
Patel Retail's IPO is a mix of a fresh issue of 90.18 lakh shares and an offer for sale (OFS) of up to 10.02 lakh shares of promoters, according to the draft red herring prospectus (DRHP).
The All Parties Sikh Coordination Committee (APSCC) revealed its decision to field candidates for Jammu and Kashmir assembly polls. S Pushvinder Singh was named for Tral in Pulwama, with candidates for Central Shalteng and Baramulla to be announced later. APSCC seeks support from the majority community, aiming to send a positive message from Kashmir.
The Dutch data protection watchdog said Monday it hit ride-hailing app Uber with a 290-million-euro ($324 million) fine over the transfer of personal data of European drivers to US servers. It is the DPA's third fine against Uber following fines of 600,000 euros in 2018 and 10 million euros last year.
In the first half of 2024, India saw record solar installations, adding about 15 GW, as developers rushed to complete delayed projects, Mercom Capital reported. This surpassed previous records by a significant margin and evidenced a 282% increase over 2023's figures. Solar energy made up 19.5% of India's installed power capacity by June 2024.
Mass protests in Bangladesh led to the overthrow of Sheikh Hasina's government. Following her resignation, protesters targeted the legacy of Sheikh Mujibur Rahman, defacing his statues and murals. The political turmoil has ignited debates about Rahman's historical role, raising concerns about how his contributions to Bangladesh's independence will be viewed in the future.
Pavel Durov, the creator of Telegram and VKontakte, was arrested in France due to an investigation into insufficient moderators on Telegram. He has faced legal challenges, particularly in Russia, for refusing to comply with government demands. Durov now resides in Dubai and holds multiple citizenships, including French and UAE.
Vinay Paharia, CIO of PGIM India MF, highlighted a growing bubble in low-quality and low-growth market segments, urging investors to steer clear. He advocated for portfolios featuring high-growth, high-quality companies. PGIM’s multi-cap fund targets these companies in various market segments, with a keen eye on sectors like healthcare, consumer discretionary, and financials.
Akum Drugs and Pharmaceuticals' shares dropped 5% to Rs 895 despite reporting a Rs 60 crore net profit for the June quarter, reversing a Rs 187.4 crore loss from FY24. Revenue also rose 5% YoY to Rs 1,091 crore.
The Karnataka SSLC Exam 3 results have been announced. Candidates can view their scores by visiting the official websites and entering their registration details. The exam was held from August 2 to August 9, 2024. Previous SSLC exams results were also announced promptly earlier this year. Full details are available on official sites.
Union Finance Minister Nirmala Sitharaman met with Singapore President Tharman Shanmugaratnam and Prime Minister Lawrence Wong, accompanied by key Indian ministers. They discussed enhancing India-Singapore cooperation in digitalization, green initiatives, and skill development during the talks ahead of the India-Singapore Ministerial Roundtable. The leaders aimed to bolster their strategic partnership for mutual future growth.
For 2023, Biryani was the most ordered food online. Will 2024 be different when numbers come out. Not probably, With nearly 85 variants and over 6.2 million orders, 'Dum Biryani 'has emerged as the undisputed champion. Biryani rice came in second with 3.5 million orders, while 'Hyderabadi Biryani' received over 2.8 million orders. For some investors these might appear to be irrelevant at the first instance, but probably that is the reason why stocks like Jubilant foodworks and other QSR stocks have been underperforming for quite some time. Читать дальше...
BJP workers in Jammu and Kashmir expressed dissatisfaction with the selection of candidates in the party's first list, specifically the choice of former Congress leader Shyam Lal Sharma for the Jammu North constituency over Omi Khajuria. The workers demanded the ticket be given to Khajuria, threatening to resign otherwise.
Arrangements for the consecration ceremony of the Ram Lalla idol in Ayodhya, scheduled for January 22, will cost Rs 113 crore, as stated by the Shri Ram Janmabhoomi Teerth Kshetra Trust. The trust revealed that the temple’s construction has already consumed Rs 1,800 crore, with an additional Rs 670 crore expected for the next two phases by the end of this year.
