TMC leader Derek O'Brien has expressed concern to Rajya Sabha Leader J P Nadda over delays in forming Department-related Parliamentary Standing Committees. Highlighting the reduction in bill scrutiny and parliamentary sessions, O'Brien urged swift action to uphold legislative quality and democratic processes, emphasizing the committees' role in detailed discussions.
Bank strike: The All India Bank Employees Association (AIBEA) issued a strike notice on August 19, 2024 that August 28, there is a countrywide strike. Check here to see if the banks are on strike today.
A total of 2,446 shares changed hands on the counter till 11:36AM (IST).
India at Paralympics 2024: India is set to begin its Paralympics campaign on August 29 in Paris, competing in at least 12 disciplines including para-shooting, para-badminton, and taekwondo. With 84 para-sportspersons participating, India has a chance to win up to 55 medals, following a record haul of 19 medals in Tokyo 2020.
BJP leader Locket Chatterjee has been detained by Kolkata police during a '12-hour Bengal bandh' following the Nabanna Abhijan violence. Protests called for CM Mamata Banerjee's resignation. Security has been tightened, and government bus drivers were seen wearing helmets. The ruling Trinamool Congress claims BJP is attempting to create anarchy.
The stock quoted a 52-week high of Rs 979.8 and a 52-week low of Rs 531.05.
India's office market is poised for a record-breaking year, with leasing in the top eight cities expected to exceed 80 million square feet in 2024, marking a third consecutive year surpassing the 70 million square feet milestone. This growth is driven by high demand for premium spaces with strong ESG credentials and modern amenities, both from domestic and international companies.
US-based GQG Partners has increased its stake in GMR Airports Infra from 4.74% to 5.17%. GMR Airports Infra shares, which gained 58% in the past year, continue to attract attention. Jefferies also recently added GMR to its portfolio, highlighting the company's growth potential.
The transaction completion led to a boost in Paytm and Zomato's share prices. Payments will be completed after post-closing audit adjustments.
Prime Minister Modi assured Gujarat Chief Minister Bhupendra Patel of all possible support as heavy rainfall continues to impact the state. Over 20,000 people have been evacuated, and rescue operations are underway. The Indian Army, NDRF, and SDRF are assisting in the efforts. Health and government officials are assessing the damage in affected areas.
The Nifty Bank index was trading 0.14 per cent down at 51204.8.
A video was released on Telegram by Pakistan-based terrorist Farhatullah Ghori, urging his followers to cause train derailments in major Indian cities such as Delhi and Mumbai, reports TOI. Ghori, who is wanted by Indian intelligence, called for attacks on India's infrastructure, targeting supply chains, petrol pipelines, transport systems, and railway lines.
Global brokerage firm Jefferies has upgraded Zydus Lifesciences to a 'Buy' rating, citing the strength of the company’s US pipeline as a major growth driver. Jefferies raised its target price to Rs 1,450 from Rs 1,210, indicating a 30% upside from the previous closing price of Rs 1,113.80.
Challa Sreenivasulu Setty is set to become the 27th chairman of State Bank of India on August 28. With extensive experience across various roles in SBI, Setty has handled corporate banking, stressed assets, and retail banking. He takes over at a time when the bank is experiencing exceptional performance.
Madhya Pradesh Minister Kailash Vijayvargiya criticised West Bengal Chief Minister Mamata Banerjee, comparing her to a dictator and blaming her for the state's unrest and poor women's safety. His remarks followed recent protests in Kolkata over a trainee doctor's rape and murder, which led to clashes with police during the BJP's 'Nabanna Abhijan' march.
Aeron Composite Ltd, an Ahmedabad-based fibreglass reinforced polymer products supplier, has raised Rs 15.17 crore from anchor investors as part of its IPO. They have allocated 12,14,000 equity shares at Rs 125 per share. The IPO, targeting Rs 56.10 crore, will close on August 30. Funds will support a new manufacturing unit in Mehsana, Gujarat.
Hero MotoCorp, Britannia, Asian Paints, Maruti Suzuki and Nestle India were among the top losers on NSE.
Zee Entertainment shares rose 2.7% after the company announced a settlement with Sony's Culver Max Entertainment. Both parties agreed to withdraw all claims related to their failed merger, which had earlier received necessary regulatory approvals. The failed merger would have created India's largest entertainment network. Zee shares had fallen 46.5% this year.
Zappfresh, an online meat seller, has filed with SEBI for an IPO to list on the BSE SME platform. The IPO will include a fresh issue of 59.06 lakh equity shares. The raised funds will drive growth initiatives such as acquisitions, marketing, and capital expenditures, among others. Zappfresh aims for significant revenue growth in the next three years.
Earlier today, the Trinamool Congress party workers staged a protest against BJP's 12-hour 'Bengal Bandh' call against police crackdown on peaceful protest during 'Nabanna Abhijan' - march. The Trinamool Congress accused the BJP of trying to create anarchy in Bengal.
A total of 12,192 shares changed hands on the counter till 11:11AM (IST)
Practice daily gratitude, get moving with exercise, connect with loved ones, enjoy nature, engage in a hobby, practice mindful breathing, and laugh more. Simple changes, big happiness impact!
Sovereign Gold Bond (SGB): The price of gold bonds have shot up on the National Stock Exchange (NSE). According to Aksha Kamboj, VP of India Bullion & Jewellers Association (IBJA), "SGBs are trading in the stock market at 7-8% premium in anticipation of fear of more SGB tranches not being announced by the Government."
As of 30-Jun-2024, promoters held 46.7 per cent stake in the company, while FIIs held 19.32 per cent and domestic institutional investors had 16.23 per cent.
