PB Fintech Share Price: Shares of PB Fintech, parent of Policybazaar, surged by 3.5% on BSE after a likely 2.1% equity stake sale worth Rs 1,610 crore via a block deal, with Tencent reportedly being the seller. The stock has delivered impressive returns over the past year and reported a consolidated net profit of Rs 60 crore for Q1 2024.
Biocon Biologics has entered into a settlement and licence agreement with Janssen Biotech Inc, Janssen Sciences Ireland, and Johnson & Johnson to launch Bmab 1200, a biosimilar to Stelara, in Europe, the UK, Canada, and Japan. This deal resolves patent disputes and secures future market entry, pending regulatory approvals.
On the technical charts, the RSI of the stock stood at 45.11.
Assam Rifles, in collaboration with the Indian Army, BSF, and Manipur Police, have seized a significant stash of arms, ammunition, and war-like materials in the Sekmajin area of Kakching district in Manipur. This operation, part of ongoing efforts to establish peace in the region, follows several similar successful missions in the state.
Shares of state-owned PFC and REC rose by 2% and 3% as UBS initiated coverage on them. UBS sees potential growth driven by financing renewable energy and infrastructure projects.
Former Bangladesh speaker Shirin Sharmin Chaudhury and ex-commerce minister Tipu Munshi have been arrested over the killing of a goldsmith during the recent quota reform protests. The movement led to widespread violence and the ouster of the Sheikh Hasina-led government. Over 230 people were killed in the incidents following the government's fall.
The Indian data centre sector is experiencing unprecedented growth driven by AI-led demand. Currently, India hosts approximately 1,300 AI companies, with AI expected to significantly increase the need for high-density server racks, ranging from 5 to 50 kW.
Telegram and its CEO Pavel Durov face scrutiny for alleged use of the app for illegal activities, sparking a diplomatic row between Moscow and Paris. Durov, detained by French authorities, faces criticism from figures like Elon Musk. Telegram's robust security features and role in free speech ignite global debate amid ongoing investigations in India and other nations.
China's local governments are lagging in their debt issuance plans due to increased scrutiny over potentially wasteful infrastructure investments. With local governments having used just 45.5% of their special debt quota so far this year, discussions are underway to redirect funds to other areas to stimulate economic growth closer to the target.
The stock quoted a 52-week high price of Rs 479.2 and a 52-week low of Rs 262.1.
The 30-share BSE Sensex was up 181.47 points at 81967.03
A total of 1,367 shares changed hands on the counter till 10:50AM (IST).
As I earlier also stated, that I would be more keenly watching out for what they state on the green hydrogen, new energy, and all these green initiatives. Because if you look at the stock price today from the past few couple of quarters, it is more or less like range-bound. So, whatever happens in case of the Jio platform or retail, that is already more or less baked into what the analysts’ expectations are and what the street targets are.
Saudi Arabian clubs are planning on offering Real Madrid's Vinicius Jr. millions to join their respective clubs, and move away from Real Madrid, once the summer transfer window opens. What will Vinicius Jr. do now?
On the technical charts, the RSI of the stock stood at 50.81.
Hyundai Motor aims to reclaim market share in India by launching new SUVs and its first locally-made electric vehicle in 2025. With a $3 billion public listing on the horizon, Hyundai plans to introduce hybrid cars and increase focus on premium vehicles to boost margins in the world's third-largest car market.
Tanvi Jindal Shete, Founder, MuSo says that they envisioned a space where children are not just spectators but active contributors to addressing issues that matter and make a difference.
Godfrey Philips, Aarey Drugs, Pokarna Ltd, Vimta Labs and Genesys Intnl, hit their fresh 52-week highs at 10:39AM.
SEBI is set to enforce stricter regulations and penalties for misleading disclosures and social media activities by SMEs, which have led to financial losses for retail investors. The warning follows a surge in oversubscribed SME IPOs, raising concerns about inflated stock prices and non-compliance with governance standards. This heightened action aims to protect investor interests.
Paytm Share Price: Paytm shares saw a 5% increase after approval from the finance ministry for investment in its payment services business. This allows Paytm Payments Services Limited to resubmit its payment aggregator license application. This step is crucial as it lifts regulatory barriers and could enable Paytm to onboard new online merchants, boosting its business prospects.
Jay Shah, ICC's new chairman, has a net worth of Rs 124 crore. Learn about his earnings at BCCI, early life, education, and career journey.
Intercontinental Exchange Inc. has partnered with Space Intelligence to launch a platform verifying deforestation-free cocoa and coffee before new European Union regulations take effect at the end of the year.
Promoters held 30.3 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.08 per cent and 25.34 per cent, respectively.
Retail is something I would say it is a work in progress. They are growing, but still highly competitive business. Lot of, I think, things to do by Reliance in that particular business. So, I would not be surprised if your telecom business, which is your Jio platform, comes first and retail later.
The rupee appreciated by 9 paise to 83.88 against the US dollar amid a weakening American currency and positive domestic equities. Traders are eyeing US GDP and PCE inflation data, which could influence the Federal Reserve's rate cut decision in September. The dollar index dropped, and the BSE Sensex and Nifty showed gains.
