A total of 4,630 shares changed hands on the counter till 01:38PM (IST)
The owner of a small business in Coimbatore requests a simplified GST regime but faces disrespect from public servants. In contrast, billionaires receive favorable treatment from the government. Small businesses have suffered due to demonetisation, an inaccessible banking system, tax extortion, and a flawed GST. They seek relief through a simplified GST with a single tax rate.
A total of 8,196 shares changed hands on the counter till 01:33PM (IST)
The Tamil Nadu government has signed an MoU with US-based Rapid Global Business Solutions, Inc. to set up a new unit in Hosur with an investment of Rs 100 crore. This is part of a larger effort by the state to attract investments, totaling Rs 7,616 crore from 18 companies during Chief Minister M K Stalin's US tour.
The mutual fund industry made significant additions to their portfolios with Axis Bank, Ola Electric, and Brainbees Solutions. Conversely, they reduced their stakes in HDFC Bank, Bharti Airtel, and Zydus Lifesciences. For three consecutive months, the major additions in the large-cap segment were Larsen & Toubro, ITC, and Maruti Suzuki, while the primary reduction was in Bharti Airtel.
The Supreme Court has ordered that no trees be felled or transplanted for the metro rail project near Victoria Memorial in Kolkata. Notices were issued to the West Bengal government and Rail Vikas Nigam Limited. The court will hear the matter again in three weeks, allowing construction to continue without tree removal.
FMCG has moved up quite a bit at least at the higher levels. I am expecting some more consolidation from the higher levels in FMCG index, especially leading FMCG stocks. But if you look at the IT, that still has got a momentum. Recently, we have seen some consolidation moment, minor downward correction. After that, it moved up again and placed at the higher levels. More upside is likely in the IT sector ahead.
A total of 3,877 shares changed hands on the counter till 01:23PM (IST).
On the technical charts, the 200-day moving average of the stock stood at Rs 3727.78.
Discover how to avoid bad luck on Friday the 13th with these 5 key tips. From avoiding indoor umbrellas to handling mirrors carefully, stay superstitious and safe.
On the technical charts, the RSI of the stock stood at 58.15.
Friday the 13th, often seen as unlucky, stirs anxiety and curiosity due to superstitions. Originating from Christian traditions and mediaeval practices, the date's eerie reputation persists. Social media buzz adds a modern twist, making it a day of both caution and amusement for many.
Aluminium prices have recently surged to multi-week highs, driven by optimism around potential US interest rate cuts and anticipated economic stimulus measures from China. Market sentiment has been further buoyed by tight raw material supplies and a weakening US dollar. Despite these gains, the outlook remains uncertain due to mixed economic data from major metal consumers, especially China.
The new Coastal Road connector in Mumbai reduces travel from Marine Drive to Bandra to 15-20 minutes and South Mumbai to the airport to 30 minutes.
Ford has submitted a Letter of Intent to the Tamil Nadu Government to use its Chennai plant for manufacturing exports. The company plans to increase its employee base in Chennai and is conducting a feasibility study on products like the Endeavour and Mustang, with potential future plans for an affordable electric vehicle platform.
Gold prices reached a record high as the dollar weakened, driven by expectations of significant U.S. interest rate cuts. Spot gold rose to $2,567.23 per ounce, while U.S. gold futures climbed to $2,595.10. Palladium also saw substantial gains amid concerns over potential Russian export restrictions.
The NCLAT has issued a notice to IndusInd International Holdings Ltd over a plea by Reliance Capital's lenders seeking interest on delayed payments. The lenders want modifications to an earlier order and are asking for interest on the upfront cash amount until August 2024. IIHL must respond within two weeks.
A total of 63,714 shares changed hands on the counter till time (IST).
Brokerage firm Bernstein has upheld its 'Outperform' rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day's closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein notes that initial assumptions about QC—such as its focus on small 'top-up' orders, its appeal being limited to metropolitan areas, and its catering mainly to affluent consumers—have been consistently updated each quarter.
The stock quoted a 52-week high price of Rs 286.5 and low of Rs 97.07.
After being granted bail by the Supreme Court, Arvind Kejriwal is set to campaign in Haryana, as announced by AAP's Haryana unit chief Sushil Gupta. Gupta highlighted that people are eager for change and aim to oust the BJP from power in the October 5 Assembly polls, citing a standstill in development under BJP rule.
On the technical charts, the RSI of the stock stood at 71.05.
Gold's year-to-date returns have outperformed the S&P BSE Sensex and are catching up with Nifty50. The recent rally was driven by a rate cut from the European Central Bank and potential rate cuts in China. Experts see gold as a portfolio diversifier, especially with upcoming geopolitical events and US elections.
The Supreme Court granted bail to Delhi Chief Minister Arvind Kejriwal in a corruption case. AAP leader Manish Sisodia expressed gratitude, calling the arrest an attempt to destabilize the party. The court's decision is seen as a victory for truth and justice, providing strength to those fighting for integrity.
The article discusses the importance of quality investing in achieving long-term investment goals. It highlights the Nifty 200 Quality 30 Index, which selects high-quality companies based on strong financial metrics. The index has shown consistent performance and resilience during market downturns, making it a viable strategy for investors seeking stability and growth.
