Japan's Nikkei share average fell for the seventh consecutive session, closing down 1.5% at 35,619.77 due to a stronger yen impacting exporter shares. Major automakers like Toyota and Honda saw significant declines. Energy-related shares also suffered as oil prices hit a three-year low.
A total of 1,678 shares changed hands on the counter till 12:58PM (IST)
A total of 117,085 shares changed hands on the counter till 12:52PM (IST)
India's Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, highlighted the country's potential in green hydrogen production due to its abundant solar energy and investments in the power grid. With a target of 5 million tonnes by 2030, the government has implemented policies and incentives to boost production, aiming to reduce fossil fuel imports and create jobs.
The Microsoft-backed AI company said last week it has more than 1 million paying users across its business products, helped by strong adoption of its chatbot owing to its advanced large language model.
Democratic candidate Kamala Harris and Republican rival Donald Trump faced off in a heated presidential debate. Harris attacked Trump's fitness for office, his stance on abortion, and legal issues, while Trump responded with false claims. The debate highlighted key issues like immigration and healthcare but lacked detailed policies. Polls show a tight race ahead of the election.
These offbeat destinations promise a blend of adventure, tranquility, and natural beauty, away from the tourist-heavy spots!
Andhra Pradesh Deputy Chief Minister Pawan Kalyan met Telangana Chief Minister Revanth Reddy on Wednesday and handed over a cheque of Rs 1 crore towards the Chief Minister's Relief Fund for the flood-affected.
Bahujan Samaj Party (BSP) supremo Mayawati on Wednesday attacked the Leader of Opposition in Lok Sabha, Rahul Gandhi's recent remarks on the issue of reservations and alleged that the Congress is conspiring to abolish the reservation system.
The stock quoted a 52-week high of Rs 3710.0 and a 52-week low of Rs 1930.0.
Regreen-Excel EPC India Ltd has filed papers with Sebi for an IPO to raise funds. The share-sale includes a fresh issue of Rs 350 crore and an offer-for-sale by promoters. The proceeds will be used for debt repayment, bank guarantees, and corporate purposes. The company specializes in ethanol plant projects.
During his visit to the US, Congress leader Rahul Gandhi met with several US lawmakers, including Ilhan Omar, at an event hosted by Congressman Bradley James Sherman. Omar's controversial positions on India have drawn reactions, with BJP spokesperson Amit Malviya criticizing Gandhi's meeting with her.
Dipan Mehta of Elixir Equities discusses the potential for soft quarters in the auto industry and advises managing expectations. He also highlights Paytm's resilience despite regulatory challenges and expresses the need to be cautious about the cement sector. Mehta notes that private sector capex is focused on startups, batteries, semiconductors, and data centers.
By around 12 noon, retail investors led the demand, oversubscribing the issue by 12.4 times, while non-institutional investors followed with 8.4 times subscriptions. The portion allocated to qualified institutional buyers was subscribed 2 times.
We think we do not bother too much about it and we just focus. It is a noise. Noise will be there. You have seen market for years, how narrative and noise are different. So, people create noise, create narrative, and you see the reality is very different. So, we just remain focused what we do and beyond that what else we can comment.
Workers at Samsung Electronics' plant in southern India have boycotted work for a third day, demanding better wages and working conditions. The protest has disrupted output at the facility, which is crucial for Samsung's revenue in India. Senior executives, including the CEO of Samsung Southwest Asia, are attempting to resolve the issue. The workers are also seeking union recognition.
Congress has raised concerns about SEBI's enforcement of the deadline for Foreign Portfolio Investors to disclose their beneficial owners, especially those linked to the Adani controversy. Congress General Secretary Jairam Ramesh questioned SEBI's actions and compliance, highlighting delays and potential regulatory breaches involving the Adani Group.
The Relative Strength Index of the stock stood at 57.08 on Wednesday.
The IPO of Kross, which began bidding on Monday, was subscribed 4.2 times by Wednesday, the final day of the bidding period.By 11:45 am, non-institutional investors led the demand, subscribing to the issue 6.2 times, followed by retail investors with a 5.7 times subscription rate.
Arka Investment Advisory Services Pvt Ltd plans to raise Rs 500 crore for its new residential real estate fund. The Arka Hreem Real Estate Opportunities Fund targets Tier 1 cities in India, partnering with Rohan Builders. The fund has a target size of Rs 500 crore and a green shoe option of Rs 250 crore.
Advance tax deposit online: The second installment of advance tax needs to be paid before September 15, 2024. The payment can be made either online or offline. The advance tax is required to be paid in four installments, with the 15th of the last month of each quarter being the deadline.
Hizb ut Tahrir has urged Bangladesh's interim government to lift the ban imposed on it in 2009 by Sheikh Hasina's administration. This follows the release of several terrorist leaders and radicals. The group cites the recent lifting of the ban on Jamaat-e-Islami as a precedent. Hizb ut Tahrir is banned in several countries and has been linked to various criminal activities.
Australia is setting a minimum age for social media access to protect young people from online dangers. Companies must develop a mandatory code to prevent minors from accessing harmful content, with non-compliance leading to stricter regulations.
A total of 174,669 shares changed hands on the counter till 12:17PM (IST).
