The UTI Nifty200 Quality 30 Index Fund will be benchmarked against the Nifty200 Quality 30 TRI, while the UTI Nifty Private Bank Index Fund will be benchmarked against the Nifty Private Bank TRI. Both funds will be managed by Sharwan Kumar Goyal.
The Rashtriya Swayamsevak Sangh (RSS) has raised concerns over reported conversion activities by missionaries in Tamil Nadu. During the three-day Samanway Baithak conclave, RSS leaders discussed the issue and stated that further details will be gathered from the ground. The activities were described as very worrisome by Sunil Ambekar, RSS Akhil Bharatiya Prachar Pramukh.
Ramkrishna Forgings Ltd will invest Rs 57.5 crore in an aluminium forging facility in Jamshedpur, primarily aimed at the electric vehicle segment. With an annual capacity of 3,000 tonnes, the facility is expected to generate Rs 175 crore in additional revenue and will be operational by Q2 of the 2025-26 fiscal year.
Indian Railways faces recruitment challenges for the Indian Railway Management Service (IRMS), with only 130 selected out of 150 requested candidates in 2022 and 84 out of 150 in 2023. To mitigate the manpower shortage, retired junior officers are being re-engaged as consultants until December 2026.
Chief Minister N Chandrababu Naidu faces a significant test with heavy rains in Andhra Pradesh. He is personally overseeing relief from a bus in Vijayawada and ensuring Telugu Desam Party leaders are accessible. Coordinating with central authorities, he has mobilized boats and helicopters for rescue and flood relief efforts to mitigate the disaster.
In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
A study of nearly 28,000 US women indicates that a blood test measuring inflammation and two specific fats, LDL cholesterol, and lipoprotein(a), can predict the risk of heart conditions over the next 30 years. Researchers found that women with the highest levels of these markers were significantly more likely to experience cardiovascular events, including heart attacks and strokes.
The Nifty IT index closed 0.44 per cent up at 42975.6.
The proposed unit in Sanand, Gujarat, will be set up with an investment of Rs 3,300 crore. The chips produced in this unit will cater to a wide variety of applications which include segments such as industrial, automotive, electric vehicles, consumer electronics, telecom, mobile phones, etc.
TasteAtlas has sparked a debate by labeling Chicken Tikka Masala as a British dish, leading to confusion over its true origins and whether it’s Indian or British.
The Nifty Realty index closed 0.24 per cent down at 1050.9.
A Sebi study reveals that 54% of IPO shares are sold within a week of listing by non-anchor investors. The study shows that 63.3% of shares are sold by non-institutional investors, with a higher exit rate for positive listing gains.
Rajasthan's education minister Madan Dilawar announced plans to burn books that depict Mughal ruler Akbar as great, asserting that they insult Maharana Pratap. He aims to form a committee to remove content that negatively reflects national heroes from school textbooks, promoting a sense of pride in students.
The Congress released its second list of six candidates for the Jammu and Kashmir assembly polls, including JKPCC chief Tariq Hameed Karra for Central Shalteng. This move follows the finalization of names by the Central Election Committee. Congress and the National Conference are contesting the elections in alliance, with a seat-sharing agreement in place.
Bangladesh's political landscape has shifted as an interim government steps in following Prime Minister Sheikh Hasina's resignation. Amid rising anti-India sentiment led by the BNP and other Islamist groups, India's energy and supply dependencies with Bangladesh face scrutiny. Key agreements and potential disruptions in diesel and power supplies heighten bilateral tensions.
India's coal production saw a 6.48 per cent rise to 384.08 million tonnes in the first five months of the fiscal compared to 360.71 MT in the same period last year, according to provisional figures. Coal India Limited (CIL) output grew 3.17 per cent, while captive and other entities also showed significant increases.
Vedanta's board has approved the third interim dividend for the financial year 2024-25, with a payout of Rs 20 per equity share amounting to Rs 7,821 crore. The record date is set for September 10, 2024. Earlier in May and last month, the company declared two interim dividends amounting to Rs 11 and Rs 4 per share, respectively.
Hindalco, Dr. Reddys, Tata Motors, NTPC and ONGC were among the top losers on NSE in today's trade.
India's Kumar Nitesh claimed his first Paralympic gold medal in a gripping SL3 badminton final, defeating Great Britain's Daniel Bethell. Nitesh's journey from a teenage train accident victim to a decorated athlete has been inspiring. This win ensures India retains the SL3 gold, previously won by Pramod Bhagat in Tokyo.
Telangana faces severe waterlogging and disruption due to relentless rains, causing lakes and streams to overflow. Two police officers and local youths heroically rescued a man from a swollen stream in Nagarkurnool. The government shut down schools in heavily affected areas.
Senior Congress leader Abhishek Singhvi expressed his belief in Rahul Gandhi as a future prime minister, stating Gandhi has earned the right to the position when the party comes to power. Singhvi highlighted Gandhi's sincerity and his ability to walk the talk, emphasizing a shift in public perception towards him.
The 30-share BSE Sensex closed up 194.07 points at 82559.84
