India's steel market is set for a significant expansion, propelled by government infrastructure investments, private sector funding, and the thriving automotive industry. The country's rising population and rapid urbanization further fuel the surge in steel demand.
A total of 4,950 shares changed hands on the counter till 01:13PM (IST).
Union Transport Minister Nitin Gadkari highlighted the challenges of reducing India's crude oil imports by 25% at the BloombergNEF summit. He emphasised the potential for green fuel, particularly hydrogen, and aimed for India to become a leading manufacturer of lithium-ion batteries and green-fuel automobiles. Gadkari noted that India's low production costs would attract automobile companies and reduce import dependency.
The stock quoted a 52-week high price of Rs 11173.0 and a 52-week low of Rs 6634.6.
A total of 1,701 shares changed hands on the counter till 01:03PM (IST)
Top fuel credit cards in India: A fuel credit card is a specific payment card intended to provide advantages to users at petrol pumps. ET Wealth Online has put together a list of the leading credit cards from major banks that offer fuel benefits as of September 4, 2024.
Xolopak India Limited, a leader in sustainable disposable packaging, has secured pre-IPO backing from notable investors including Bollywood stars Aamir Khan, Ranbir Kapoor, and producer-director Karan Johar. Prominent investor Russell Mehta, owner of Rosy Blue India and Akash Ambani’s father-in-law, also joined the pre-IPO round.
The Relative Strength Index of the stock stood at 38.32 on Thursday.
Housing prices in India have surged by 46 per cent over the last four years, with Hyderabad and Noida seeing the highest increases. This rise has impacted affordability, pushing the property price-to-annual household income ratio to 7.5 in 2024. The EMI burden on home buyers has also increased significantly.
The Calcutta High Court has directed the CBI to file a report by September 18 on offensive social media posts regarding the rape-murder victim of R G Kar Medical College. The court noted that unacceptable comments were made with the victim's photograph. The CBI is investigating the case following a high court order.
A total of 465,084 shares changed hands on the counter till 12:53PM (IST)
Georgia School Shooting: The Georgia Bureau of Investigation has identified the four victims of a school shooting at Apalachee High School. Two students and two teachers were killed when 14-year-old Colt Gray opened fire. Nine others were injured. The victims include math teachers Richard Aspinwall and Christina Irimie, and students Mason Schermerhorn and Christian Angulo.
Headline: How to update Aadhaar details online
The Kerala High Court will form a five-judge special bench to hear cases related to the Justice Hema Committee report. This decision follows a plea challenging the release of the report, which details harassment and exploitation in the Malayalam cinema industry. The state government has also announced a special investigation team to probe these allegations.
Shiv Sena (UBT) leader Sanjay Raut appeared before the Special PMLA court in connection with the alleged money-laundering case related to Goregaon's Patra Chawl. Witness Swapna Patkar has alleged threats and pressure to change her statements. The next hearing is scheduled for October 21. The case involves a Rs 1034 crore land scam.
Japan's Nikkei share average fell 1% to its lowest level since mid-August, influenced by a stronger yen and losses in semiconductor stocks. Investors are keenly awaiting U.S. non-farm payroll data to assess the economy. Key exporters like Toyota and Sony saw declines, while chip-related stocks followed a slump in U.S. technology shares.
Commerce and Industry Minister Piyush Goyal has urged top steel industry leaders to discuss a carbon border adjustment tax to promote sustainable manufacturing. He also set a target of 500 million tonnes of steel production by 2047, encouraging the use of AI for efficiency and suggesting retaliatory measures against unfair trade practices.
The Relative Strength Index of the stock stood at 66.18 on Thursday.
SBI special FDs: The "Amrit Vrishti" is a new term deposit scheme launched by the State Bank of India (SBI) recently. SBI had earlier unveiled SBI Amrit Kalash for both general and senior citizens, along with SBI Wecare for senior citizens.
Ugandan Olympian Rebecca Cheptegei has died in Kenya after being set on fire by her boyfriend. The attack occurred just weeks after she competed in the Paris Olympics marathon. Cheptegei suffered burns to 80 percent of her body and succumbed to her injuries. The incident highlights ongoing issues of domestic violence in Kenya.
In overall portfolio we have cut down, we have pruned down capital good significantly, because where we saw some amount of hype getting built and valuation was slightly stretched.
Snacking brand 4700BC has partnered with Netflix to launch new popcorn variants in India. This collaboration aims to boost the popcorn category and enhance at-home entertainment. The products will be available on ecommerce platforms, retailers, and the brand’s website. The company expects to report significant revenue growth by March 2025.
India's digital payments industry is booming, with transaction volumes growing by 42% YoY in FY 2023-24. A PwC report projects a threefold increase in transaction volumes by FY 2028-29. UPI leads this growth, accounting for over 75% of transactions and expected to reach 439 billion transactions by FY 2028-29.
