Adani Ports and Special Economic Zone has announced an all-cash deal to acquire a 80% stake in Astro for $185 million. This acquisition, valued at an EV of $235 million, expands APSEZ's fleet and customer base in strategic regions, enhancing its position in the marine operations market.
India's nuclear strike capabilities receive a boost as it commissions its second SSBN, INS Arighaat, into the Navy. With nuclear-powered submarines forming a critical component of the nuclear triad, this addition strengthens India's sea-based deterrence, enhancing its ability to execute a credible second-strike capability.
Prime Minister Narendra Modi apologised for the collapse of Chhatrapati Shivaji Maharaj's statue in Maharashtra during the inauguration of Vadhvan Port. The collapse had sparked protests from the state Congress, with leaders demanding a public apology. The 35-foot statue, unveiled last December, collapsed in August, raising concerns about corruption.
Even really healthful foods are not the best for those of us with diabetes because they can lead to significant blood sugar rises.
Paytm Share Price: Shares of fintech firm Paytm surged over 12% to Rs 623.8 during Friday's intraday trading, driven by heavy volumes on the NSE, with 2.96 crore equity shares worth Rs 1,763.6 crore traded. At 2:47 p.m., the stock was up 11.4% at Rs 618. The shares have climbed 16% in the past two days following the company’s approval from the finance ministry to invest in its payment services business.
Ram Chander, Shahbad Dairy councillor, returned to AAP just days after joining BJP, ahead of September ward committee elections. He regretted his defection, calling it a mistake. AAP leaders welcomed him back while BJP described AAP's decision as desperation. This shift comes amid efforts by both parties to sway councillors.
In August, HDFC Bank experienced short covering and a 96% rollover, while SBI saw a significant short build-up and a 95% rollover. The Bank Nifty rose 0.5% to 50,889, but the PSU Bank index fell 2.6%. Nifty 50 climbed 3.1% with a 77% rollover.
in today’s session, seven Nifty50 stocks reached new 52-week highs. Here’s the list.
Revised ITR: You can file a revised Income Tax Return (ITR) even if your ITR filed by the deadline (original ITR) is processed successfully with or without tax refund. Yes, revised ITR can be filed as per timelines given in Section 139(5) even after receiving an intimation under Section 143(1)," says Shalini Jain, Tax Partner, EY India.
Baazar Style Retail IPO GMP: The Baazar Style Retail IPO, open until September 3, has been subscribed 30% so far on its first day. The issue includes a fresh equity raise of Rs 148 crore and an OFS.
Celebrate her 48th with a look at her standout films, showcasing her versatility from thrillers to comedies.
Sebi has amended regulations to oversee unregistered financial influencers, aiming to reduce potential risks. The new norms restrict associations between regulated entities and unregistered individuals, requiring finfluencers to register with Sebi. This ensures accountability and prevents misleading financial advice, while also allowing limited investor education partnerships.
Anand Rathi initiated coverage on Sterling and Wilson Renewable Energy with a buy rating and target of Rs 870, citing strong order book and Reliance's RE plans. Risks include policy and competition.
Ecos Mobility IPO GMP: The IPO of Ecos Mobility and Hospitality is experiencing strong demand on its final bidding day, with an overall subscription rate of nearly 24 times. Non-institutional investors are leading the demand with a subscription rate of 53.87 times, followed by retail investors at 15 times, and institutional investors at 14.7 times.
A former student of Benjamin Graham, Buffett is known as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects.
The Assam Assembly has withdrawn the rule that allowed a two-hour Nammaz Break on Fridays. Chief Minister Hemanta Biswa Sarma praised this move as a step towards prioritizing productivity and eliminating colonial-era practices. The practice, introduced by Muslim League’s Syed Saadulla in 1937, has been deemed outdated by the state lawmakers.
On Friday, India's National Security Adviser Ajit Doval met with Sri Lankan President Ranil Wickremesinghe to discuss the ongoing economic collaboration between the two countries. Doval, who arrived in Colombo to attend the Colombo Security Conclave, was joined by Sri Lankan Senior Advisor on National Security Sagala Ratnayake.
Former Jharkhand Chief Minister Champai Soren announced on Friday that he will join the BJP and focus on the development of Jharkhand and the welfare of tribals in the state. Soren, who left the Jharkhand Mukti Morcha (JMM) on August 28, cited the BJP as the most suitable party to support his goals.
The global factors I think is the biggest risk factor to watch over the next 6 to 12 months. We have seen some shake in terms of the US employment situation. As of now it still looks a moderation rather than a big slowdown in US growth, but that could potentially be something of a risk we need to monitor.
Thirty-six new mutual funds launched in 2024 have delivered returns up to 27%. The highest returns were observed in sectoral and thematic funds. Canara Robeco Manufacturing Fund and Motilal Oswal Large Cap Fund led with returns of approximately 26.90% and 26.70% respectively since their inception.
Pakistan's military has initiated intelligence-based operations in Balochistan following insurgent attacks that resulted in over 50 deaths. Ethnic Baloch insurgents targeted multiple civil and military sites earlier this week. In response, the army has killed 21 militants in their counteroffensive operations.
Chander Mohan Sharma, a senior BJP leader in Jammu and Kashmir, has resigned from the party due to discontent over ticket distribution for the assembly elections. Protests erupted among party members in various districts, prompting top leaders to address the issue. Sharma, a long-time BJP member, aims to contest independently from the Jammu East segment.
