India’s benchmark index, the Sensex, rose by about 91 points to finish at 83,080. Despite this gain, nine stocks in the BSE midcap index reached their highest prices in the past year. This milestone is crucial for assessing a stock's current value and forecasting future price trends.
SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore. Last week, shareholders approved a proposal to raise up to Rs 3,000 crore.
Motilal Oswal Foundation and IIT Bombay have partnered to develop modern academic infrastructure and a new financial markets programme, backed by a Rs 130 crore pledge. The Motilal Oswal Knowledge Centre will be established on the IIT Bombay campus, featuring advanced laboratories and research centres to attract world-class talent.
As of August, 43 mutual funds collectively held assets worth Rs 67.98 lakh crore, up from Rs 66.47 lakh crore in July, marking a monthly increase of Rs 1.51 lakh crore. Notably, four fund houses received inflows exceeding Rs 10,000 crore in August.
India and the UK are set to resume talks in October for a proposed free trade agreement, aiming to resolve pending issues. Both nations seek market access for goods and services, with India focusing on skilled professionals and the UK on reducing import duties. Bilateral trade has seen recent growth.
Ellison's net worth stands at $206 billion, according to Forbes' real-time billionaires list. Bezos, who has been on and off as the second-richest person since 2016, is now worth $203 billion.
Bethesda’s Starfield expansion, Shattered Space, will be released on September 30, 2024. The DLC will introduce new storylines, locations, enemies and features. Players will explore the mysterious Va'Ruun'kai planet and uncover secrets.
Solv, a B2B digital marketplace led by Amit Bansal, addresses the challenges faced by India's MSMEs. Launched in 2021, Solv connects small businesses with verified suppliers and integrates financial solutions to simplify procurement and access to credit. The platform aims to empower MSMEs by providing a comprehensive digital ecosystem.
A part of the platform's skills development programme, which offers skilling, training, internship, and employment opportunities in its value chain, Project Next has already transitioned its 100 delivery partners as sales executives who have onboarded nearly 360 restaurants in the last five weeks, the company said.
India previously won the title in 2011, 2016, 2018 (joint winners with Pakistan) and 2021. Jugraj Singh was the lone goal-scorer of the match.
India will host the second Global Food Regulators Summit from September 19-21 in New Delhi, with delegates from over 70 countries discussing key regulations. Organised by FSSAI under the Union Health Ministry, the summit aims to enhance food safety standards and international collaboration. Highlights include the launch of a 'Food Import Rejection Alert' portal and State Food Safety Index 2024.
Airport charges are crucial for infrastructure development in aviation, says Airports Council International (ACI). Despite concerns from the International Air Transportation Association (IATA) about rising charges, ACI maintains that these fees are vital for airport revenue and do not significantly impact airfares. India's rapid aviation growth highlights the importance of maintaining infrastructure investment.
The Nifty IT index closed 0.14 per cent up at 43415.0.
Former President Donald Trump's stake in Trump Media & Technology Group, which owns Truth Social, makes him a billionaire. As the lock-up agreement preventing him from selling shares expires, Trump states he won't sell. The company's stock has been volatile and heavily influenced by Trump's re-election prospects.
Electric cars outnumber petrol cars in Norway for the first time ever, an industry organisation said on Tuesday. Of the 2.8 million private cars registered in the Scandinavian country, 754,303 are all-electric, compared to 753,905 that run on petrol, the Norwegian Road Federation (OFV) said in a statement.
The West Bengal government has replaced Kolkata Police Commissioner Vineet Goyal with Manoj Verma, following demands from protesting junior doctors. The protests began after the rape and murder of a junior doctor at RG Kar Medical College. Several other senior officials have also been removed in response to the protests.
The NSE Nifty index closed 34.8 points up at 25418.55
Delhi is set to have its third woman chief minister as AAP leader Atishi will succeed Arvind Kejriwal. Atishi, who holds multiple portfolios in the Delhi Cabinet, will be the youngest to assume this role. The AAP legislators unanimously supported her appointment, and a delegation will meet Lieutenant Governor V K Saxena to stake claim for forming the new government.
Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
Dubai-based architect Shaun Killa has partnered with Noida's CRC Group to design a luxury residential project in Greater Noida. Known for his sustainable designs, Killa aims to blend luxury with eco-friendly technologies. The project will feature 375 to 400 exclusive units, focusing on green living and innovative design.
In August, natural gas production and consumption in India both declined compared to the same month last year. Natural gas output dropped by 3.7% to 3,048 million metric standard cubic meters (MMSCM), with a 4.7% decrease in ONGC fields and a 3.5% decline in private sector fields.
The Nifty Pharma index closed 0.28 per cent down at 23383.65.
Neovantage Innovation Parks, located in Hyderabad's Genome Valley, has secured a Rs 300 crore green loan from HSBC India to refinance its existing debt. The company, a joint venture between Ivanhoe Cambridge and Lighthouse Canton, aims to maintain an environmentally responsible real estate portfolio. This marks HSBC India's first green loan in the life sciences real estate sector.
