IIT Guwahati acknowledged the distress caused by a student's death and said it was committed to ensuring a safe environment. The institute is reviewing safety protocols and enhancing wellbeing services. Students have been urged to refrain from protests and focus on their studies while utilising available support resources.
Manchester United reported a larger annual net loss for the fifth consecutive year, with a net loss of 113.2 million pounds for the year ending June 30. Despite this, the club achieved record annual revenue of 661.8 million pounds. The newly appointed CEO, Omar Berrada, aims to enhance financial sustainability and on-pitch performance.
Baramulla MP Engineer Rashid has been released from Tihar Jail on interim bail to campaign for the upcoming Jammu and Kashmir Assembly elections. Rashid, who has been in jail since 2019 for a terror funding case, will be campaigning for his party, Awami Ittehad Party (AIP). The elections are scheduled in three phases this September.
The Nifty IT index closed 0.4 per cent down at 42473.3.
Mexico's Senate has approved a judicial reform proposed by outgoing President Lopez Obrador and supported by President-elect Sheinbaum. The reform includes the popular election of judges, reducing Supreme Court judges from 11 to nine, and cutting their terms to 12 years. The US and Canada have expressed concerns over its potential impact on democracy and stability.
The NSE Nifty index closed 122.65 points down at 24918.45
CPI(M) General Secretary Sitaram Yechury remains in the ICU at AIIMS, where his condition is described as "critical but stable." The 72-year-old is receiving oxygen support and is being closely monitored by a team of doctors. He was admitted on August 19 for a pneumonia-like chest infection and is currently being treated for an acute respiratory tract infection.
Huawei's new tri-foldable Mate XT smartphone has sparked national pride in China, being seen as a technological triumph over U.S. sanctions. Launched alongside Apple's AI-enhanced iPhone 16, the Mate XT's high price of $2,800 has drawn criticism amid economic concerns. Both phones will be available on Sept. 20.
The Nifty Realty index closed 1.16 per cent down at 1026.65.
In the Nifty pack, 12 stocks closed in the green, while 38 stocks ended in the red.
Today's world has seen frequent earthquakes for a variety of causes. Here are some safety measures to be ready for.
The S&P BSE Sensex dropped by nearly 400 points, while the Nifty50 managed to stay above the 24,900 mark.
JM Financial forecasts a 13.4% upside for Persistent Systems (PSYS) with a target price of Rs 6,030, citing strong deal wins and stable revenue momentum. Expected to achieve a 15.5% EBIT margin by FY25, PSYS shows promising medium-term growth.
The government will need three to four months to complete the process of forming ISM 2.0. The minister said the IT ministry will take some of the new proposals as well as a modernisation plan for the Semiconductor Laboratory in Mohali to the cabinet soon.
The fund house has not only excelled in the short term but has also become one of the top three to five in terms of asset under management (AUM) and folio growth over the past three years. This consistent performance has solidified Quant Mutual Fund’s position as a key player in the market.
Union minister K Rammohan Naidu announced efforts to make India a global aviation hub and start manufacturing aircraft. Speaking at the Asia Pacific Ministerial Conference on Civil Aviation, he highlighted infrastructure, integration, and innovation as key growth elements. The number of operational airports in India has grown significantly since 2014.
The Nifty Bank index closed 0.51 per cent down at 51010.0.
Aparna Yadav, step sister-in-law of Samajwadi Party chief Akhilesh Yadav, has taken charge as vice chairperson of the Uttar Pradesh state women commission. She expressed gratitude to Prime Minister Modi and the BJP for the opportunity, dismissing rumours of discontent over not receiving an assembly poll ticket.
As large auto companies get more open about their EV plans and launch more EV models, clarity is emerging even in the auto ancillary space. The auto ancillary companies which have been able to evolve to stay relevant for the EV eco system are showing better numbers. This process will take some time because some segments of the auto industry have not seen the launch of an EV product at scale. For example, in the case of two wheelers, while scooters have range, EV bikes are yet to come. But given the... Читать дальше...
NXP Semiconductors will invest over $1 billion in India to double its research and development efforts. The company, which has four semiconductor design centers in the country, aims to strengthen its presence in the automotive sector and other industries. India's semiconductor market is expected to reach $63 billion by 2026.
The Supreme Court is reviewing a 2021 verdict that ruled Directorate of Revenue Intelligence (DRI) officers are not authorized to recover duties on already cleared imported goods. The customs department argues there are errors in the judgement and seeks to establish DRI officers as proper customs officials under the Customs Act.
US Republican presidential candidate Donald Trump accused Democratic rival Kamala Harris of hating Israel and claimed that if she became president, Israel would not exist within two years. During a debate, Harris refuted the allegations, asserting her lifelong support for Israel and emphasizing the need for a ceasefire and a two-state solution.
India's consumption loan portfolio grew by 15.2% YoY to Rs 90.3 lakh crore as of March 2024, according to a CRIF High Mark report. The growth slowed from 17.4% in March 2023 due to deceleration in home loans. Personal loans and two-wheeler loans showed strong growth, while MSME lending displayed mixed results.
The Rural Development Ministry has approved the construction of roads in Madhya Pradesh, Maharashtra, and Kerala under various central schemes. The projects include 60 roads in Madhya Pradesh, 117 roads in Maharashtra, and 11 bridges in Kerala. These initiatives aim to improve rural connectivity and infrastructure across the states.
