Goldman Sachs economists analyzed the potential economic impacts of a Republican or Democratic victory in the upcoming US elections. They predict that a Trump win could negatively affect GDP due to tariffs and immigration policies, while a Harris win could slightly boost GDP growth through new spending and tax credits.
The Drug Controller General of India has approved PresVu eye drops, developed by Entod Pharmaceuticals, to reduce reliance on reading glasses for those with presbyopia. This marks a significant step in eye care innovation in India. The company plans to launch the product domestically in October and expand to emerging markets.
The revision includes maintaining a minimum average balance, issuing demand drafts, duplicate DDs, cheque return costs, and locker rent charges. The new charges are applicable from October 1, 2024.
Bajaj Housing Finance IPO: Bajaj Housing Finance shares are generating significant buzz in the unlisted market with a strong GMP ahead of its IPO. The company is launching its Rs 6,560 crore IPO on September 9, with the current GMP at Rs 55 against an offer price of Rs 70. This reflects a premium of nearly 80%, signaling high demand.
A total of 4,601 shares changed hands on the counter till 11:26AM (IST).
The 30-share BSE Sensex was down 430.12 points at 82125.32
A total of 538 individuals who have purchased homes and have paid at least 80% of the cost but have not fulfilled a necessary claim under the Insolvency & Bankruptcy Code are now allowed to settle their debts. According to the updated proposal endorsed by the Supreme Court, these homebuyers have a 30-day timeframe to resolve their outstanding payments.
Olympic wrestler Vinesh Phogat met Congress leader Rahul Gandhi in Haryana amid speculation of her joining the party before the state Assembly elections. Tokyo Olympic bronze medalist Bajrang Punia also met Rahul Gandhi. The Congress party tweeted about the meetings.
Olympic wrestler Vinesh Phogat and Tokyo Olympic bronze medalist Bajrang Punia met Congress leader Rahul Gandhi in Haryana, sparking rumors of their potential candidacy in the upcoming Assembly elections. The Congress party is considering fielding Phogat and Punia, while also engaging in seat-sharing talks with AAP and Samajwadi Party for the polls scheduled on October 5.
Here are some thoughtful and unique gift ideas for Teachers' Day:
Edelweiss Mutual Fund CEO Radhika Gupta announced that investors can start a SIP with just Rs 100, making it more accessible. She highlighted the availability of this option for the past six months and encouraged people to invest.
The stock quoted a 52-week high price of Rs 2223.7 and a 52-week low of Rs 1266.0.
Refex Industries, NIIT, Pondy Oxides, IIFL Securities and Kitex Garments, hit their fresh 52-week highs at 11:20AM.
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the F&O segment.
In August, around 11 passive mutual funds lost over 2%, with defense, PSU banks, PSU stocks, and real estate being the hardest-hit sectors. Of approximately 319 passive funds, 42 reported negative returns. The Motilal Oswal Nifty India Defence Index Fund saw the largest loss at 7.88%, while PSU bank-focused ETFs, including Nippon India and Kotak Nifty PSU Bank ETFs, each lost 4.63%.
Congress President Mallikarjun Kharge met with US Ambassador to India Eric Garcetti, Graham Mayer, and Lisa Brown in New Delhi. They discussed the deepening of ties between India and the US, emphasizing their shared democratic values and strategic partnership across various fields.
A total of 1,968 shares changed hands on the counter till 11:16AM (IST)
The 30-share BSE Sensex was down 430.09 points at 82125.35
IndianOil has set a new benchmark by blending 23.24 crore liters of biodiesel with regular diesel, achieving a 0.49 percent blending ratio. The company also reached over 15 percent ethanol blending in petrol and launched ETHANOL-100 fuel at 400 stations. IndianOil's efforts align with India's goal of 20 percent ethanol blending by 2025.
The stock traded at a P/E multiple of 30.07, while the price-to-book value ratio stood at 5.58.
Hemang Jani, an independent market expert, discusses the positive impact of falling crude prices on OMCs and aviation stocks. He also highlights the potential for Bajaj Finance's IPO to trigger some market movement despite valuation concerns. Additionally, he notes that while some QSR companies have underperformed, there are signs of revival in urban consumption.
Prime Minister Narendra Modi congratulated Mariyappan Thangavelu and Sharad Kumar for winning bronze and silver medals in the men's high jump T6 final at the Paris Paralympics. India has surpassed its previous medal tally from Tokyo, with 20 medals so far. The Indian contingent's performance highlights the country's growing para-sports ecosystem.
The AI-powered platform specialising in B2B revenue and receivables automation was set up to automate billing and optimises cash flow cycle for businesses, says co-founder.
Share buy-back tax rules from October 1, 2024: The new share buy-back tax rules will come into effect from October 1, 2024. Many companies are flurrying the market with buy-back before the new rules become effective. The small and retail investors will lose much more due to new share buy-back tax rules.
Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.43 per cent and 16.08 per cent, respectively.
