India has decided to consult steel companies before imposing restrictions on imports of low ash metallurgical coke, essential for steelmaking. The move has faced opposition from major steel producers, who claim this could hinder capacity expansion. Authorities are also considering alternative measures such as setting a minimum import price.
Congress MP Deepender Singh Hooda criticized the Centre's Unified Pension Scheme (UPS) as anti-employee, claiming it is a bigger fraud than the New Pension Scheme (NPS). Hooda pledged that if Congress comes to power in Haryana, they will implement the Old Pension Scheme (OPS), fulfilling government employees' demands and offering them better pension benefits.
The Congress-led opposition in Kerala raised five crucial questions about the Hema Committee report, accusing the government of shielding key figures and failing to take action on crimes in the film industry. They demanded answers and decisive actions to address issues of harassment, drug use, and cover-ups revealed in the report.
The Calcutta High Court dismissed a plea from Sanjoy Das to declare the BJP's 12-hour 'Bangla Bandh' illegal. Das had been perpetually debarred from filing public interest litigations due to past false statements. The bandh was called in protest of police action during the 'Nabanna Abhijan' march by Chatra Samaj over a recent crime.
ClearTax has partnered with Microsoft to develop a simplified tax-filing solution for gig workers in India, which can be accessed via WhatsApp. This initiative has already benefited nearly 98,000 gig workers in just five weeks. The service will soon be extended to employers for assisting blue-collar employees with tax filing and TDS refunds.
I think we got to be a little more forward looking and that is what rewards if you are a little ahead of the cycle. I think now that we are clear that we start with rate cuts, I think financials may come back in flavour, especially NBFCs which have been completely out of favour, because NBFCs rely more on wholesale sources of funding versus banks and still have CASA.
GeBBS Healthcare Solutions, a Los Angeles-based healthcare BPO firm, is nearing acquisition by Hillhouse Investment, which has offered about $870 million. The final decision is expected in two weeks as ChrysCapital holds another round of negotiations. The acquisition will potentially see industry veterans Gautam Barai and Gautam Narayan at the helm.
John Cena lives lavishly with a $3.4 mn Tampa mansion, $4 mn beach house, and a private jet. His $80 mn net worth supports a car collection, diverse properties, and active philanthropy.
The stock quoted a 52-week high price of Rs 9191.1 and low of Rs 6406.6.
A 37-year-old woman in Japan has garnered attention for her extreme frugality, spending just Rs 120 daily on food. By adopting an exceptionally thrifty lifestyle, she managed to purchase three houses and realize her dream of opening a cat café by the age of 34.
West Bengal Chief Minister Mamata Banerjee will introduce a bill in the state assembly within ten days to ensure capital punishment for rapists. She criticized Prime Minister Narendra Modi for creating unrest in Bengal and called for stricter laws for women's security. Banerjee also addressed demands from protesting junior doctors.
Shivam Thakral, CEO of BuyUcoin, explained, "Bitcoin’s drop below $60,000 and Ethereum's nearly 7% fall were driven by a wave of liquidations totaling over $300 million. This was sparked by investor uncertainty and a general market downturn. Despite this setback, the long-term outlook remains positive due to strong fundamentals and ongoing institutional interest."
A total of 1,385 shares changed hands on the counter till 02:05PM (IST)
Nilesh Shah of Kotak AMC advises focusing on quality over momentum in stocks and advocates for high-floating stocks and diversified ownership shares. He emphasizes the current reasonable valuations in the IT and FMCG sectors while suggesting a wait-and-watch approach for private banks and chemicals. He cautions against overpaying for small-cap stocks driven by market froth.
Hindustan Unilever Limited (HUL) has received a Rs 962.75 crore tax demand from the Income Tax Department related to non-deduction of TDS on a Rs 3,045 crore payment made for acquiring intellectual property rights from GlaxoSmithKline Consumer Healthcare (GSKCH). The demand includes Rs 329.33 crore in interest.
As of 30-Jun-2024, promoters held 62.66 per cent stake in the company, while FIIs held 25.32 per cent and domestic institutional investors had 2.42 per cent.
Congress leaders Mallikarjun Kharge and Rahul Gandhi have voiced deep concern over Gujarat’s worsening flood crisis, urging the government to ramp up relief efforts. With rains persisting for a fourth day, the death toll has reached 16 and over 8,500 people have been evacuated. They called for increased NDRF and SDRF teams, and support for ongoing rescue operations.
Bangladesh Jamaat-e-Islami leader Shafiqur Rahman has called for stable and harmonious ties with India, urging New Delhi to avoid interfering in Bangladesh's internal affairs. Rahman emphasised the need for balanced relationships with global powers and defended his party against allegations of inciting violence against Hindus.
As of 30-Jun-2024, promoters held 39.98 per cent stake in the company, while FIIs held 28.25 per cent and domestic institutional investors had 7.79 per cent.
I would say the pockets where I can see some good balance is, as we discussed financials, especially the lenders, which have gone through a bit of a squeeze in the last few quarters but things are looking up going forward and typically, we have seen the markets do tend to discount good news or bad news a little bit in advance.
NASA's Jet Propulsion Laboratory has alerted about five asteroids passing close to Earth between August 27 and September 1. While these asteroids pose no threat, they offer valuable observation opportunities for scientists. The asteroids range in size, and their closest approaches provide data important for planetary defense research.
As of 11 am, the issue was subscribed eight times by the non-institutional investor (NII) category. The retail investor category was subscribed nearly 2.5 times while the qualified institutional buyers subscribed to the issue by 4%.
The U.N. World Food Program is investigating two top officials in Sudan for alleged fraud and withholding donor information about their capacity to deliver food aid amid a severe hunger crisis. The investigation involves mismanagement issues that have hindered aid delivery during the ongoing war between Sudan's army and paramilitary forces.
The stock quoted a 52-week high price of Rs 1826.2 and low of Rs 1002.7.
