The Indian rupee appreciated to 83.8475 per U.S. dollar after Federal Reserve Chair Jerome Powell's dovish comments suggested a possible rate cut next month. The implied yield on the dollar/rupee 1-year forward premium reached 2.14%, the highest since May 2023. Powell emphasized the labor market's softness and the Fed's confidence in meeting its inflation targets.
On the technical charts, the RSI of the stock stood at 54.07.
Stocks of Anil Ambani's companies, such as Reliance Home Finance and Reliance Power, plummeted as Sebi banned Ambani and others for fund diversion. Heavy penalties were also levied, leading to significant losses in their stock prices. Sebi's investigation revealed fraudulent activities, worsening the financial outlook of these firms.
Oil prices declined over 10% from July highs due to China's economic issues and anticipated American supply increases. OPEC+ confronts a tough choice on production levels as demand stabilizes but supply rises. The outcome impacts oil majors' profits and shareholder returns, presenting a crucial juncture for the global oil market.
The Bharatiya Janata Party (BJP) on Monday withdrew its first list of 44 candidates after over an hour of making the announcement, reported Times Now. The revised list will be announced soon, as per media reports.
The stock quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 636.1.
While it might not have been felt by many and reasons are surely different at various points of time, in the last four weeks, the street has had occasional sightings of bears. The difference is that they are seen in different parts of the markets, some time in nifty, some time in bank nifty, some time in mid-cap stocks. Given the fact the valuations are not very cheap, caution is visible on the street. It is time to take a step back, think and then make a decision both when buying and selling any stock. Читать дальше...
According to a complaint lodged by Akhtar Ali, former deputy superintendent of RGKMCH, Sandip Ghosh, during his tenure as the principal of the hospital, along with his associates, had issued tenders for the construction of food stalls, cafes, canteens, and urinals without the permission of the health department and the college council.
In 2023-24, India’s exports to Bangladesh were higher than many of the world’s leading economies like Japan, Germany and France. However, the ongoing socio-political turmoil has impacted economic activities in Bangladesh and is very likely to adversely affect its bilateral trade relations with India.
The Centre introduced the Unified Pension Scheme (UPS) for its employees, effective from April 2025. The new scheme offers a fixed pension amount, with employees receiving 50% of their average pay over the preceding 12 months after 25 years of service. Government contributions increase to 18.5%, and pensions are inflation-indexed, with familial provisions upon a pensioner's death.
A total of 777,830 shares changed hands on the counter till 11:52AM (IST)
Seven jail officials faced suspension and the Superintendent of Parappana Agrahara Central Jail was transferred after a photo of actor Darshan with friends in the prison garden surfaced online. Karnataka's Home Minister confirmed that these officials provided special treatment to Darshan, who is currently held in the Renukaswamy murder case.
The Relative Strength Index of the stock stood at 65.02 on Monday.
Yahya Sinwar, now leading Hamas after Ismail Haniyeh's death, has evaded American and Israeli efforts to capture him. He avoids electronic communication, using human couriers to relay messages. Intelligence agencies are intensifying their search, as his apprehension could influence the Israel-Hamas conflict, but Sinwar remains elusive, operating from Gaza's tunnels.
The Dara Presidential Initiatives Foundation (hereinafter referred to as the Foundation) participated in the Edinburgh Festival Fringe, one of the most significant cultural events on a global scale, held in Edinburgh on August 20.
Effective April 1, 2025, the Unified Pension Scheme will ensure assured pensions for 23 lakh central government employees, boosting the government's contribution to 18.5%. This change will cost the exchequer Rs 6,250 crore annually. Employees' contributions stay at 10%.
A total of 6,298 shares changed hands on the counter till 11:41AM (IST).
The NFRA, backed by RBI and Sebi, is urging the Institute of Chartered Accountants of India to update SA 600 in line with revised international auditing standards. This update aims to address regulatory gaps and audit failures in cases like Reliance Capital and IL&FS, ensuring better protection for investors through phased implementation.
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.95 per cent and 17.82 per cent, respectively.
India anticipated robust gold demand during the festive season, driven by a major cut in import duties. This reduction made prices more appealing and enhanced retail purchases. The duty cut was aimed at tackling smuggling, and demand was expected to remain high during festivals like Diwali and Dusherra.
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
The stock quoted a 52-week high price of Rs 2130.85 and low of Rs 1066.05.
AAP leader Saurabh Bhardwaj claimed Delhi Lieutenant Governor VK Saxena visited sites where trees were illegally felled and gave instructions without required permissions. The Supreme Court asked the Delhi government to explain compensation plans and outline illegal permissions granted in the past five years. The court had also initiated contempt proceedings against DDA's Vice-Chairman.
The Ministry of Home Affairs established five new districts in the union territory, as announced by Union Minister Amit Shah. The districts, named Zanskar, Drass, Sham, Nubra, and Changthang, are intended to improve public service delivery and governance. This initiative is part of the government's commitment to developing Ladakh.
