A Reddit user asked ChatGPT to create the most unattractive Tinder bio, resulting in a hilariously dark and creative response. The bio quickly went viral, garnering thousands of upvotes and comments praising its humor. This incident highlights the growing influence of AI in everyday tasks and social interactions.
The stock traded at a P/E multiple of 60.68, while the price-to-book value ratio stood at 6.63.
Rohit Seksaria, Fund Manager at Sundaram AMC, believes both PSU and private banks are currently attractive in terms of valuations. He notes that PSUs have improved their asset quality and are trading at historical price-to-book ratios. Rate cuts are expected soon, which could benefit NBFCs, small finance banks, and PSUs more than larger private banks.
The GST Council's 54th meeting addressed industry concerns by rationalizing GST rates, providing exemptions, and clarifying laws to avoid litigation. New GoMs were formed to tackle critical issues. The introduction of e-invoicing for B2C transactions and the IMS system aims to streamline compliance and enhance efficiency.
Indian importers are shifting from expensive outright forwards to options strategies to hedge against currency risks. With forward premiums rising due to expected Federal Reserve rate cuts, options like capped forwards offer cost-effective solutions. The rupee's low volatility makes these options attractive, reducing hedging costs by up to 65%.
PN Gadgil Jewellers IPO: By around 12 pm, the retail portion had been subscribed 4.22 times, while the non-institutional investors' (NIIs’) portion saw the highest demand, with 6.80 times subscription. Meanwhile, the qualified institutional buyers' (QIBs) quota was subscribed at 3%, with 1,20,714 consolidated share bids received against 48,24,560 shares available for subscription.
A complaint has been filed against Congress leader Rahul Gandhi by lawyer Vineet Jindal for his remarks on Sikhs during his US visit. Jindal alleges that Gandhi's statements were inflammatory and aimed at inciting communal discord. He has urged authorities to take action, including revoking Gandhi's passport.
Bhupinder Singh Hooda and Gian Chand Gupta filed their nominations for the upcoming Assembly polls. Voting for the 90 seats will take place on October 5, with results announced on October 8. Other notable candidates include BJP's Shakti Rani Sharma from Kalka. The last date for filing nominations is September 12.
The Relative Strength Index of the stock stood at 55.91 on Wednesday.
The central government has approved the procurement of soybean at Minimum Support Price (MSP) for Madhya Pradesh, in addition to Maharashtra, Karnataka, and Telangana. This decision comes as soybean prices in the open market have fallen below MSP, causing concern among farmers. The move aims to stabilize prices and support farmers facing low market rates due to excess supply in international markets.
Promoters held 68.6 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 7.28 per cent and 5.44 per cent, respectively.
The Reserve Bank of India plans to maintain a 5% run-off factor on digitally linked deposits, despite industry requests for a lower buffer. This move aims to manage risks from quick withdrawals via internet or mobile banking, potentially impacting banks' liquidity and increasing demand for government bonds.
The Jannayak Janta Party-Azad Samaj Party alliance has released its third list of candidates for the Haryana assembly polls, naming 18 more candidates. They will support former minister Ranjit Singh Chautala on the Rania seat. The JJP has fielded 15 candidates and the ASP three in this latest list.
On the technical charts, the RSI of the stock stood at 45.94.
You won't have to skip meals on those hectic workdays thanks to these incredibly simple vegetarian recipes. Going green is a terrific way to save time because vegetables cook quickly and without much bother.
Members of the Jammu and Kashmir diaspora in the UK protested outside the UK Parliament, condemning Pakistan's state-sponsored terrorism. They called for action against Pakistan's use of terrorism as state policy in Jammu and Kashmir. The protest coincided with a Pakistani propaganda event on Kashmir, which protesters claimed ignored ground realities and excluded key stakeholders.
Jaggery is healthier due to its nutrient content, lower glycemic index, liver detox benefits, digestive aid, immune boost, and minimal processing.
A total of 10,934 shares changed hands on the counter till 01:28PM (IST).
MG Motor India has unveiled its first Crossover Utility Vehicle, the all-electric Windsor EV. Based on the Wuling Cloud EV from China, this model expands MG's electric vehicle lineup in India. The Windsor EV features advanced technology and luxurious design elements, aiming to cater to consumers seeking a blend of efficiency and luxury.
The stock quoted a 52-week high price of Rs 196.8 and low of Rs 85.51.
Union Minister Ashwini Vaishnaw highlighted India's progress in the semiconductor sector at the SEMICON India summit. He announced the approval of five semiconductor units and the development of a robust talent pool with 85,000 engineers and technicians. The focus on design ecosystems is expected to drive growth across various industries, aligning with Prime Minister Narendra Modi's vision to democratise technology access.
LGT Wealth India has appointed Poonam Mirchandani as the managing director of its wealth planning & family solutions division, effective August 2024. She will focus on advising family business owners, promoters, and high-net-worth individuals, expanding the firm's offerings in succession and estate planning, international wealth management, global mobility, and philanthropy.
Nippon India Nifty 500 Momentum 50 Index Fund aims to capture the potential of India's growth story by investing in a basket of top 50 momentum-driven stocks from the Nifty 500 index universe.
As of 30-Jun-2024, promoters held 74.08 per cent stake in the company, while FIIs held 16.16 per cent and domestic institutional investors had 3.46 per cent.
