Xiaomi India President Muralikrishnan B has resigned to pursue a doctorate, marking the end of his tenure during a period of recovery for the leading smartphone company. Muralikrishnan, who joined in 2018, will transition into a six-month gardening leave. His departure follows strategic executive appointments aimed at boosting offline sales and premium market presence.
The stock traded at a P/E multiple of 52.06, while the price-to-book value ratio stood at 12.61.
CapitaLand Investment Limited (CLI) has secured S$261 million from Mitsui O.S.K. Lines, Ltd. (MOL) for its Southeast Asia and India private funds. The investment will support CLI's first logistics fund in Southeast Asia, CapitaLand SEA Logistics Fund (CSLF), and its second business park development fund in India, CapitaLand India Growth Fund 2 (CIGF2).
India's government has put forward a proposal to consolidate the country's regional rural banks from 43 down to 28. This move aims to bolster the banks' capital and reduce expenses. These banks, which primarily serve rural communities, held a combined 6.6 trillion rupees in deposits as of March 31, 2024.
India's government has put forward a proposal to consolidate the country's regional rural banks from 43 down to 28. This move aims to bolster the banks' capital and reduce expenses. These banks, which primarily serve rural communities, held a combined 6.6 trillion rupees in deposits as of March 31, 2024.
The stock quoted a 52-week high of Rs 207.50 and a 52-week low of Rs 139.45.
Dixville Notch, New Hampshire, kicked off the 2024 US Presidential elections, reflecting a tight race between Vice President Kamala Harris and former President Donald Trump. Both received three votes each in the early voting, mirroring national trends and setting the stage for a close contest.
India's External Affairs Minister S Jaishankar, during a visit to Australia, expressed confidence in the India-US relationship's continued growth, regardless of the upcoming US election outcome. He highlighted the QUAD grouping's progress under both Trump and Biden administrations as evidence of this positive trajectory.
MSCI's upcoming index adjustments may channel passive inflows into 26 Indian stocks, including potential additions like Adani Energy Solutions and Kalyan Jewellers. However, market sentiment remains subdued due to earnings disappointments and global economic concerns, leading analysts to predict a potential market decline.
Promoters held 70.08 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 8.41 per cent and 2.87 per cent, respectively.
Josh Hazlewood, Australian fast bowler, expresses concern that New Zealand's recent series sweep against India might serve as a wake-up call for the Indian team. Hazlewood acknowledges New Zealand's accomplishment but remains cautious about its implications for the upcoming series between Australia and India.
India's shadow-banking sector is showing signs of stress six years after its last crisis. Major lenders like Bajaj Finance and Shriram Finance reported increased delinquencies on unsecured loans, leading to higher provisions and lower profits. The Reserve Bank of India has expressed concern over the 'growth-at-any-cost approach' of some lenders and has already taken action against a few.
The Supreme Court upheld the Uttar Pradesh Board of Madrasa Education Act. The court said the act does not violate the principle of secularism. The Allahabad High Court previously declared the act unconstitutional. The high court asked the state government to accommodate Madrasa students in the formal schooling system. The Supreme Court stayed the high court verdict.
Indian cricketer Rishabh Pant has teamed up with sports and athlete brand management consultants Anant Arora and Indranil Blah to manage his off-pitch activities. The partnership will focus on enhancing Pant's brand image through endorsements, appearances, and digital engagement opportunities.
A total of 4,991 shares changed hands on the counter till 12:22PM (IST)
Union Minister H D Kumaraswamy is facing legal trouble as a case has been registered against him for allegedly threatening a senior police officer. The officer, Inspector General of Police M Chandra Sekhar, is leading a Special Investigation Team probing a mining case against Kumaraswamy.
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 21.55 per cent and domestic institutional investors had 10.61 per cent.
Tata Motors shares have fallen 11% in a month, retracing 30% from July's peak. Analysts expect a potential pullback rally, with recovery seen in commercial and luxury vehicle segments in FY 25-27.
Save LTCG tax on equity: To finance the down payment for buying a house, many people sell their assets such as equity shares, equity mutual funds, gold, etc. The income tax laws allow taxpayers to claim tax exemption on the long-term capital gains arising from the sale of equity shares and other capital assets.
New research challenges the age-old saying that money can't buy happiness. Economists and psychologists have found a strong correlation between wealth and well-being, suggesting that higher incomes contribute to both daily contentment and overall life satisfaction. Studies indicate this trend holds true even at the highest income levels, debunking the idea of a happiness plateau.
The Indian stock market is undergoing a correction. Some sectors like auto and microfinance are facing difficulties. However, the long-term outlook for the market remains positive. Investors are advised to focus on companies with strong fundamentals and a history of good results. The days of wild speculation and easy returns are over.
The Delhi government has declared November 7, 2024, a public holiday in observance of Chhath Puja. Chief Minister Atishi announced the holiday to allow everyone to celebrate the festival. Over 1,000 Chhath Puja ghats have been set up across the city for the four-day festival, which began on Tuesday and concludes on Friday.
