Congress leader Rahul Gandhi spoke in Nagpur. He advocated for a caste census. He said it will show injustice towards certain communities. Gandhi said it will lead to breaking the 50% reservation limit. He criticized the RSS and BJP for attacking the Constitution. He accused them of using institutions for their benefit. Gandhi questioned the funding sources of RSS initiatives.
The Reserve Bank of India (RBI) has announced amendments to the Master Directions on Know Your Customer (KYC) on November 6, 2024 and the amended provisions in the Master Direction shall come into force with immediate effect.
Our analysis focused on stocks with a market cap exceeding Rs 1,000 crore. While many of these stocks have seen substantial gains over the past year, we identified 7 stocks that declined by over 20% during the same period.
Tata Steel Ltd on Wednesday reported a net profit of Rs 833 crore in the quarter ended September 2024, compared with a loss of Rs 6196 crore in the last year quarter.
The BJP criticized Rahul Gandhi for alleging Prime Minister Narendra Modi favors certain businesses. Gandhi, in an opinion piece, compared the current business climate to the East India Company's oppressive rule, claiming a new breed of monopolists is controlling India's institutions and stifling job growth.
Indian exporters may face higher tariffs on goods like textiles and pharmaceuticals as Donald Trump's 'America First' agenda prioritizes protectionist measures. While this could negatively impact key Indian exports, a tougher stance on China might open new opportunities.
Jagdambika Pal, chairman of the Joint Parliamentary Committee on the Waqf (amendment) Bill, 2024, will visit Hubballi, Vijayapura and Belagavi on Thursday. He will interact with farmers impacted by Waqf notices claiming ownership of their land. Over 50 farmer organizations will present their concerns. The government's promise to withdraw notices and reverse mutations remains unconfirmed. BJP MPs continue their protest, demanding action against Waqf claims on private and government properties.
The Sensex surged by 901 points, closing at 80,378, as part of a broader market rally. Eight stocks from the BSE commodities index reached their 52-week highs, indicating their highest prices in the past year, providing valuable signals for traders and investors.
Donald Trump's threat of 60% tariffs on Chinese goods presents a significant risk to China's economy, which is currently grappling with a property market crisis, mounting debt, and weak domestic demand. Unlike in 2018, China's economy is less resilient and faces deflationary pressures, limiting its ability to absorb the impact of such tariffs.
The NSE Nifty index closed 270.75 points up at 24484.05
Swati Mukund, a married woman with a significant Instagram following, exposed BharatMatrimony for featuring her image on a fake profile within their premium service. Mukund expressed her shock and warned users about the platform's authenticity, emphasizing the discrepancy between its promises and reality. Numerous users echoed her concerns, sharing similar experiences and labeling the platform as a "scam."
Investors welcomed the prospect of a Trump victory as Wall Street futures -- bets on what the price of a stock will be at a later date -- jumped as the former president appeared poised to defeat Vice President Kamala Harris.
In the Nifty50 index, 40 stocks closed in the green, while 10 stocks ended in the red.
Zero Motorcycles, in partnership with Hero MotoCorp, is poised to enter the Indian electric motorcycle market. CEO Sam Paschel highlights India's promising growth in EV infrastructure and commends the government's FAME subsidies for boosting adoption. Zero Motorcycles plans to introduce a range of premium electric motorcycles tailored for Indian consumers at competitive price points.
Kamala Harris, of Indian and Jamaican heritage, was the Democratic party candidate for US President. She lost to Donald Trump. Harris served as the US Vice President under President Joe Biden. She was the first woman and first person of South Asian descent to hold this position. Harris had a successful career as a lawyer and politician.
US Presidential elections: Donald Trump is all set to return to the White House after crossing the majority mark of 270 in the US Presidential elections. Now, after the elections another task for Trump would be to choose a cabinet and select high-ranking officials for the key posts such as defense, intelligence, diplomacy, trade, immigration. Here is a list of potential candidates who would make it to Trump's second administration.
The Nifty Pharma index closed 1.14 per cent at 22920.35.
Donald Trump's energy policy will prioritize oil and gas production, but the renewable energy boom is likely to continue due to the Inflation Reduction Act's bipartisan support and ongoing market forces.
Skoda Auto considers India a crucial growth market and export hub. The company launched its new SUV, Kylaq, in India at a starting price of Rs 7.89 lakh. Skoda aims to sell 10,000 cars annually in India by 2026. The company recognizes India as the world's third-largest car market with significant potential.
OmniActive Health Technologies, a Mumbai-based nutraceutical company, has acquired ENovate Biolife, a developer of botanical ingredients. This acquisition, funded through internal accruals, marks OmniActive's second strategic expansion. OmniActive aims to double its revenue to ₹2,000 crores within the next 5 to 6 years.
Donald Trump's projected return to the White House is being viewed with cautious optimism in India. While his friendship with PM Modi and pro-India statements are positive, his hardline stance on trade tariffs and immigration could negatively impact India's economy and diaspora.
The Nifty Realty index closed 2.58 per cent at 1011.05.
