Prime Minister Narendra Modi is set to visit Singapore on September 4 to strengthen trade and investment ties. Modi will engage with business leaders and discuss India's economic prospects. The visit includes possible exchanges of Memorandums of Understanding in areas like digitization, sustainability, and connectivity, highlighting the dynamic India-Singapore relationship.
The Aam Aadmi Party (AAP) announced on Monday that its MLA Amanatullah Khan has been arrested by the Enforcement Directorate (ED). The arrest is part of a money laundering investigation. The AAP claims the arrest is politically motivated and described the case as false, asserting their voice will not be suppressed.
The Nifty Microcap 250 index surged 32% in FY25, outperforming the Nifty Smallcap 250's 27% gain. Top 10 microcap stocks saw increased FII stakes in Q2.
A total of 294,664 shares changed hands on the counter till 01:29PM (IST)
The Supreme Court has ordered the Centre to file an affidavit detailing compliance with its 2021 judgement on welfare measures, including ration cards for migrant workers. The court's June 2021 directives aimed at aiding workers distress during the COVID-19 pandemic. The Centre has three weeks to submit the report.
In recent years, the assets under management (AUM) in this sector have grown at 15-20% annually, with projections indicating a rise to $1.8 trillion within 4-5 years, reflecting a 13-14% CAGR. This growth is driven by a shift in asset allocation, as investors increasingly move from traditional investments like fixed deposits, gold, and real estate to more dynamic options such as AIFs, REITs, INVITs, private equity, and cryptocurrencies.
Chief Economic Advisor V Anantha Nageswaran cautioned India against financialization while praising its strong economic growth prospects. He emphasised the need to retain policy autonomy and avoid pitfalls seen in developed nations. Balancing national imperatives and investor interests is crucial as India aims to be a global agenda setter by 2047.
A total of 843,306 shares changed hands on the counter till 01:24PM (IST)
Shares of Brainbees Solutions, parent company of FirstCry, fell nearly 3% to Rs 624 on the BSE following its June quarter results. The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, compared to Rs 90 crore in the same period last year. Revenue from operations increased by 17% to Rs 1,652 crore from Rs 1,407 crore YoY.
Buch emphasized the growing use of AI in capital markets, stating that AI will significantly reduce language barriers. She explained how AI could translate IPO summaries into multiple languages, enabling more people to access crucial investment information and become informed investors.
The Supreme Court on Monday granted bail to former AAP communication in-charge Vijay Nair in a money laundering case linked to the Delhi excise policy scam. Nair had been in custody for two years. The case involved alleged kickbacks and irregularities in the excise policy, which was scrapped last year amid corruption allegations.
The Relative Strength Index of the stock stood at 42.96 on Monday.
ASK Private Wealth has launched the ASK Wealth Advisors India Opportunities Fund, targeting Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) (excluding the US and Canada). The fund, aiming to raise $100 million, offers exposure to India's growing capital markets.
The stock quoted a 52-week high of Rs 7974.25 and a 52-week low of Rs 3248.0.
White-collar hiring in India experienced a slight decline in August 2024 compared to the same month in 2023, with a 3% drop in the Naukri JobSpeak Index. Key sectors like AI-ML, FMCG, and Pharmaceuticals displayed growth. Entry-level job opportunities decreased by 7%, while demand for professionals with over 16 years of experience grew by 11%.
Bholanath Pandey, known for hijacking an Indian Airlines plane in 1978 to protest Indira Gandhi's arrest, has passed away at 74. Pandey's hijacking significantly boosted his political career, leading him to become a two-time Congress MLA. The dramatic hijacking, initially perceived as a genuine threat, turned out to be staged with toy guns and a cricket ball as a fake bomb.
On Monday, the Supreme Court established a high-power committee, led by former Punjab and Haryana High Court judge Justice Nawab Singh, to investigate issues raised by farmers protesting at the Shambhu border in Punjab since February 2024. The committee is tasked with meeting the farmers to understand their demands and requested that they remove their tractors from the border area.
Philips has appointed Bharath Sesha as managing director for the Indian subcontinent, starting September 1, 2024. He replaces Daniel Mazon, who has taken a global role in the Netherlands. Sesha brings over two decades of experience in strategic leadership and operational excellence, particularly in the pharmaceutical and chemical industries.
Ashish Kacholia-backed Vikran Engineering & Exim has closed its pre-IPO round with over Rs 100 crore in investments from notable figures, including Mukul Agrawal, Negen Undiscovered Value Fund, leading Indian family offices, and HNIs.
This stock took a lot of time to consolidate and now the stock is breaking out. So, on medium to long term timeframe, I am bullish on the stock, but on short term there could be some time correction and price correction over here.
The stock traded at a P/E multiple of 150.47, while the price-to-book value ratio stood at 2.39.
Free Aadhaar update: To improve service delivery and guarantee precise Aadhaar-based verification, it is crucial to update the information in your Aadhaar record. It is also advantageous for the holder of the Aadhaar number to update the most recent information and address documentation.
Prime Minister Narendra Modi will visit Brunei Darussalam from September 3-4, marking the first bilateral visit by an Indian Prime Minister to Brunei. The visit, coinciding with the 40th anniversary of diplomatic ties, will focus on enhancing cooperation in defence, trade, investment, energy, space, technology, and other key sectors.
Coal India Ltd (CIL) reported an 11.9% decline in coal production in August, producing 46.1 million tonnes compared to 52.3 million tonnes in August last year. Despite this, production from April to August increased to 290.4 million tonnes from 281.5 million tonnes in the previous year. CIL's annual production rose 10% but missed its target for the fiscal year.
