Despite enthusiasm over Reliance Industries' bonus issue, RIL's AGM lacked new catalysts for brokerages to raise target prices.
Sandip Sabharwal provides insights on Reliance Industries' investment cycle, potential challenges, and growth in new-age businesses. He discusses the positive impact of unrestricted ethanol production and the current state of the auto sector. Sabharwal also touches on the evolving consumer tech and fintech landscape and the implications of a global rate cut cycle.
Vistara-Air India merger: If your travel is until November 11, 2024 the PNR number and e-ticket remains the same. However, if you are travelling after November 12, 2024, your flight will be operated by Air India. You will receive an Air India ticket with a new E-ticket number, however, the PNR will remain the same as before.
Andhra Pradesh College Incident: Massive protests erupted at a private college in Andhra Pradesh after students found hidden cameras in the girls hostel. A fourth-year student is alleged to be involved, selling the footage to boys. Police arrested the prime accused, seizing his phone and laptop for investigation. The situation calmed only after police intervention.
Club Vistara Loyalty Points: Singapore Airlines has received the Indian government's approval for foreign direct investment in its merger with Tata Group's Air India. Vistara's frequent flyer program, Club Vistara, will merge with Air India's Flying Returns. Club Vistara members will see their points migrated accordingly. Bookings for Vistara flights will be available until November 11, 2024.
Triumph launches the Daytona 660 in India at INR 9.72 lakh. This middleweight sports bike features a powerful triple engine, advanced tech, and customisation options.
On the technical charts, the 200-day moving average of the stock stood at Rs 344.18.
In a chilling incident in Bengaluru, Aishwarya found her choreographer friend Navyashree dead with a slit throat after spending the night consoling her about marital issues. Police have detained Navyashree's husband, Kiran, as the primary suspect. The tragic event unfolded in their Vishweshwaraiah Layout home.
Authorities in Kutch, Gujarat have urged people living in huts to move to safer buildings like schools or temples due to an imminent cyclonic storm. The deep depression over the area is expected to intensify, with wind speeds possibly reaching 75 kmph. The storm, named Asna, is rare for August.
Former Union HRD Minister M M Pallam Raju has expressed deep pain over the demolition of ORO Sports Village, a venture by his brother in Hyderabad. The demolition was conducted by HYDRA without notice or consideration of prior permissions, as part of a drive against encroachments on government properties.
The FMCG sector experienced top-line growth due to a summer spike, despite challenges from the general elections. The outlook for H2 is positive, with anticipated revenue growth supported by rural recoveries. As sector rotations favor defensives, FMCG stocks are expected to attract investor focus.
The stock traded at a P/E multiple of 37.61, while the price-to-book value ratio stood at 3.89.
JMM legislator Ramdas Soren has taken oath as a minister in Hemant Soren's government, replacing Champai Soren in the Jharkhand cabinet. Governor Santosh Kumar Gangwar administered the oath at Raj Bhavan. Champai Soren, the former chief minister, resigned and left the JMM citing the government's policies as his reason for departure.
Smallcap, capex, and PSU focused mutual funds have achieved the highest returns over a five-year period, with smallcap funds leading at an average return of 33.55%. Flexi cap and multi-cap funds are recommended for stability. Caution is advised for new investors considering smallcap schemes due to their volatile nature.
The NSE Nifty index was trading 86.71 points up at 25238.65
Darwinbox, a SaaS unicorn focused on HR services, has promoted its CTO, Vineet Singh, to cofounder. Singh aims to enhance their technological innovations, embedding AI. The company, backed by investors like Microsoft and Salesforce Ventures, recently expanded to the US and UK, serving over 900 enterprises globally.
A focused effort over the next decade is essential to meet the desired goals in production of millets in India, says Vishala Reddy Vuyyala, Founder, Millet Bank and Minkan Agro Industries.
The Amrapali housing projects under the Supreme Court's supervision have received a significant boost with all involved parties agreeing on a purchasable floor area ratio (FAR) that has the potential to build more than 13,000 extra apartments.
The stock traded at a P/E multiple of 86.39, while the price-to-book value ratio stood at 18.24.
Shree Vasu Logistics, Ravinder Heights, Globus Spirits, Modi Rubber and HOV Services, hit their fresh 52-week highs at 11:10AM.
Here are the members of the large and blended family who have supported her on her journey.
The Relative Strength Index of the stock stood at 63.08 on Friday.
The 30-share BSE Sensex was up 222.65 points at 82357.26
Chennai Bomb Threat: These threat emails that targeted schools, colleges and an airport, involved high-profile figures. Authorities believe the suspect is well-versed in technology and potentially familiar with Tamil Nadu's political landscape.
