The Maharashtra government has raised fees for VIP vehicle numbers, with '0001' now costing Rs 6 lakh for four-wheelers in high-demand areas. The new fees for out-of-series numbers can reach up to Rs 18 lakh. The revision also allows transfer of VIP numbers to immediate family members and extends reservation periods to six months.
Taiwan's Ministry of National Defence reported that 18 Chinese military aircraft and eight naval vessels were detected around Taiwan, with 15 aircraft crossing the median line of the Taiwan Strait. Taiwan responded by mobilising aircraft and naval vessels. Taiwan's Ministry of Foreign Affairs criticised China's actions, urging them to cease activities that undermine peace in the Taiwan Strait.
The Taiwanese Ministry of National Defence plans to purchase over 1,000 additional Stinger missiles from the US, aiming to enhance its defence capabilities amid rising tensions with China. This follows previous orders of 250 missiles each by the Army and Navy. Delivery is expected by 2031, as Taiwan faces delays in receiving arms since 2019, hampering its preparedness. Talks initiated under former President Tsai Ing-wen aim to meet air defence requirements and extended conscript service.
I think we are somewhere between fair value and expensive zone. So, investors will have to do a lot more work right now to make money in the sense that they cannot just look at index stocks or they can only look at index funds, but they have to become a little more active and look for opportunities that are not part of the index stocks or not part of the flavour of the month stocks to make money.
Two-wheelers continues to be very strong. Commercial vehicles, of course, have not yet picked up. So, it is still buy into TVS Motors and Bajaj Auto. We have been buyers of this for the last couple of years and have not gone wrong.
Raamdeo Agrawal, Chairman of Motilal Oswal Group, emphasizes the importance of patience in investing, referencing Warren Buffett's strategy. He discusses different investing approaches, the critical role of reading, and the rise of demat accounts and SIPs in India. He also highlights the pitfalls of leverage and speculation in the market.
Taiwan President Lai Ching-te questioned China's claim to Taiwan, suggesting that if China's intent is territorial integrity, it should also seek to reclaim land ceded to Russia in the 19th century. He argued that China's motives are more about achieving regional hegemony than mere territorial reunification.
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.
Floodwaters in 11 districts have receded, but the aftermath has left many homeless and struggling. The disaster claimed 59 lives and affected over 53 lakh people. Numerous low-income families, particularly farmers, have lost homes and livelihoods. More than seven lakh families remain marooned, though conditions are improving, says the Ministry of Disaster Management and Relief.
Aam Aadmi Party MLA Amanatullah Khan claimed that Enforcement Directorate officials arrived at his house to arrest him. Khan is being investigated for financial irregularities related to the Delhi Waqf Board. This development comes while other party leaders, including Arvind Kejriwal, are also facing legal issues.
Vice President Kamala Harris has taken a narrow lead over former President Donald Trump in the 2024 presidential race, according to recent polls. While Harris shows strength in key battleground states, Trump remains strong on critical issues like the economy and border security. As Election Day approaches, the race remains highly competitive, with both candidates focusing on their strengths to sway undecided voters. The final outcome remains uncertain, with both campaigns expected to intensify efforts in the coming weeks.
Defending champion Coco Gauff was defeated by Emma Navarro in the U.S. Open's fourth round. Gauff committed 19 double-faults and had just 14 winners, contributing to her 6-3, 4-6, 6-3 loss. Gauff acknowledged her serving issues and emphasized her need to overcome mental hurdles while Navarro advanced to face Paula Badosa in the quarterfinals.
Deepak Fertilisers and other companies will be in focus today as they have fixed September 3 as the record date for dividend payments. Investors need to buy shares today to qualify for the dividends announced by these companies. Deepak Fertilisers declared a final dividend of Rs 8.5 per share for the financial year ending March 2024.
The Central Bureau of Investigation (CBI) has inspected the RG Kar Medical College and Hospital in Kolkata following the alleged rape and murder of a trainee doctor. The investigation includes polygraph tests on the principal and an arrested suspect. The Indian Medical Association has suspended the principal's membership. The case transfer follows orders from the Calcutta High Court, sparking widespread outrage and demands for justice.
Star Entertainment's shares have been suspended by the Australian stock exchange for failing to submit financial results on time. The suspension follows a critical report about the casino operator's corporate culture. The company is assessing how this may affect disclosures for its fiscal 2024 results. The NSW Independent Casino Commission's investigation revealed slow progress in addressing governance and cultural issues.
These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on August 30 .
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Brazil's Supreme Court is set to vote on maintaining Justice Alexandre de Moraes' decision to shut down social media platform X. The platform was suspended after failing to appoint a legal representative in Brazil. Moraes has advocated for stricter regulations on hate speech.
Intel's CEO Pat Gelsinger is set to present a plan to the board to cut costs and revamp capital spending. This includes selling businesses such as its programmable chip unit Altera. The plan aims to address Intel's financial struggles and revive its market position.
7 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on August 30.
The dollar reached a two-week high against the euro on Monday as traders adjusted expectations for Federal Reserve policy. With inflation steady and unemployment data pending, the likelihood of a smaller rate cut increased. Analysts anticipate a crucial U.S. jobs report on Friday.
