In Japan, companies like Exit are assisting employees in resigning from their jobs for a fee of 20,000 yen. These services handle the resignation process, including notifying employers and arranging the return of company property. The trend is growing due to the difficulty many workers face when trying to quit their jobs.
Jammu and Kashmir Congress president Tariq Hameed Karra has filed his nomination for the Central Shalteng Assembly constituency. He emphasized the importance of this election, calling it a chance to shape the region's future for the next 100 years. Karra also defended his party's alliance with the National Conference to fight against "dictatorship".
A Nomura global market research report suggests that a Donald Trump victory in the US Presidential election could benefit India. The report highlights India's domestic demand-driven growth model, lower commodity prices, and supply chain shifts as key factors. Despite potential trade and immigration frictions, India's large forex reserves and fiscal discipline can handle volatility, ensuring robust economic and strategic ties with the US.
RBI Governor Shaktikanta Das addressed the FIBAC 2024 event, highlighting India's economic growth prospects and the need to cut down on noise around growth debates. He noted strong rebounds in private consumption and investment, despite muted public spending. Das emphasised the continued strength of industry and services sectors.
On the technical charts, the 200-day moving average of the stock stood at Rs 1617.89.
Shares of AU Small Finance Bank rose 5% to a day’s high of Rs 722.50 on the BSE after Goldman Sachs initiated coverage with a target price of Rs 831, suggesting a 21% upside from Wednesday’s close of Rs 688. The stock has also gained 7% over the last two days, following the bank’s application to the RBI for a transition from a small finance bank to a universal bank.
The family of a deceased doctor in Kolkata has accused the police of offering them money while they mourned. They also criticized the police for abandoning them after the last rites were performed. Hundreds, including the Governor, protested against the rape and murder of the trainee doctor at RG Kar Medical College and Hospital.
Elon Musk's woes are hardly limited to Brazil as he now risks possible EU sanctions in the coming months for allegedly breaking new content rules. But since X has around 106 million EU users, significantly higher than the 22 million in Brazil, the belief is that Musk would not want to risk a similar move in Europe.
A total of 2,536 shares changed hands on the counter till 11:51AM (IST)
Six Naxals were killed and two security personnel injured in an encounter with police in Telangana's Bhadradri Kothagudem district. One of the injured personnel is in critical condition. This follows a similar incident in Chhattisgarh where nine Naxals were killed. Union Home Minister Amit Shah aims to eradicate left-wing extremism by March 2026.
Bangladesh's Chief Advisor Muhammad Yunus criticised former Prime Minister Sheikh Hasina, who is seeking asylum in India. Yunus stated that Hasina should remain silent if India is to keep her until Bangladesh requests her return. This follows Hasina's political statements deemed unfriendly by Yunus. Hasina fled to India after a student movement escalated into a national protest against her leadership.
The stock quoted a 52-week high of Rs 4632.75 and a 52-week low of Rs 3060.0.
India's auto dealers are concerned about high inventory levels and the need for deeper discounts to boost demand during the festive season. Sales of unsold cars reached a record high in August, leading to increased costs and reduced profit margins. Dealers hope for improved sales during Navratri and Deepavali festivals.
Shares of PNB Housing Finance surged 5.4% to a 52-week high of Rs 1,109.9 on the BSE during Thursday’s trading. The increase followed the company’s announcement of plans to raise nearly Rs 2,500 crore through NCDs on September 9. According to an exchange filing, the board will meet on September 9, 2024, to consider and approve the issuance of up to Rs 2,500 crore in NCDs via private placement in tranches over the next six months.
The stock traded at a P/E multiple of 11.35, while the price-to-book value ratio stood at 1.73.
Shares of Cholamandalam Investment and Finance Company surged 4.3% to a new all-time high after Goldman Sachs initiated coverage with a target price of Rs 1,786, indicating a 20% upside potential. The company posted strong earnings growth and market share gains, with a robust loan growth driven by new business diversification.
Scientists have discovered novel and potentially dangerous viruses in raccoon dogs, mink, and other fur-farmed animals in China. The study found 125 virus species, including 36 novel ones, with 39 posing a high risk of crossing the species barrier. This highlights the need for better virus surveillance in fur-animal farming.
A new study reveals that animals in Chinese fur farms are hosting dozens of viruses, including 36 newly discovered ones. Researchers found that many of these viruses, like bird flu and coronaviruses, have the potential to cross over to humans, posing a significant public health threat. The findings call for urgent surveillance, particularly in fur farms that could serve as a breeding ground for future pandemics. Scientists, including Edward Holmes, are pushing for stricter regulations on the fur... Читать дальше...
On the technical charts, the RSI of the stock stood at 57.32.
India has overtaken China in the MSCI EM Investable Market Index and is close to becoming the largest weight in the more popular EM index. This shift indicates increased foreign investment flows into Indian equities, driven by improving free float and rising relative earnings.
Mark Robinson, Republican candidate for North Carolina governor, faces allegations of frequenting pornography stores in the 1990s and early 2000s. A former employee claims Robinson was a regular customer, visiting up to five nights a week. The allegations contrast with his conservative stance on adult content, potentially impacting his campaign.
A total of 72,226 shares changed hands on the counter till 11:31AM (IST).
On Thursday, the Delhi High Court directed the CBI to respond to bail pleas from the four co-owners of a coaching centre in Old Rajender Nagar, where three UPSC aspirants tragically drowned. The court has scheduled the next hearing for September 11.
Harvinder Singh, a 33-year-old archer from Haryana, made history by winning India's first Paralympic gold in archery. Despite impaired legs due to a dengue treatment mishap, he secured his second successive Paralympic medal in Paris. Singh's journey includes a bronze in Tokyo and dedication to his late mother.
