Karnataka Deputy Chief Minister DK Shivakumar launched the 'Pyari Didi' scheme. The scheme will provide Rs 2,500 per month to eligible women in Delhi if Congress forms the government. Shivakumar assured that this initiative would be implemented immediately following the election, similar to schemes in Karnataka. This effort targets women voters and aims to address financial challenges.
SBI Lakpati RD: The State Bank of India (SBI) has launched a new recurring deposit scheme which will enable customers to accumulate Rs 1 lakh or above in their accounts by depositing small amounts every month and become ‘Lakhpati’ on maturity of the deposit.
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On the technical charts, the RSI of the stock stood at 41.22.
India’s Health Ministry confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka, detected through routine surveillance. A 3-month-old female and 8-month-old male infant, both diagnosed with HMPV after bronchopneumonia, are recovering. HMPV, which poses a higher risk to young children, spreads through direct contact and contaminated surfaces.
Karnataka's Health Minister reassured citizens after the state confirmed two cases of Human Metapneumovirus (HMPV). HMPV is not a new virus. Surveillance by the Indian Council of Medical Research shows no unusual surge in cases. Two infants in Bengaluru were diagnosed and are recovering. Citizens are advised to practice good respiratory hygiene and seek medical attention if needed.
As of 30-Sep-2024, promoters held 35.75 per cent stake in the company, while FIIs held 25.39 per cent and domestic institutional investors had 14.29 per cent.
Cipla has launched a mobile app, CipAir, to facilitate early screening for asthma in India. The app addresses the significant asthma burden in the country, aiding in better diagnosis and treatment. Initially available on Android, it will soon be rolled out on iOS devices as well.
Kotak Mutual Fund launched Nifty Smallcap 250 Index Fund, tracking the Nifty Smallcap 250 Index. The NFO closes on January 20, offering exposure to smallcap stocks for long-term capital growth.
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A total of 65,989 shares changed hands on the counter till 12:27PM (IST)
BRS Working President K T Rama Rao faced high drama at the Telangana Anti-Corruption Bureau (ACB) office as he was denied his lawyer's presence for a statement over the Formula E race case. He submitted his statement outside, suspecting ACB's actions were influenced by political directives.
Shares of SBI Cards surged 5.1% after Nomura and Nuvama upgraded its rating to 'buy' with target prices of Rs 825 and Rs 850. Both brokerages see growth potential, citing improving asset quality, credit cost decline, and strong card additions despite past concerns.
A total of 10,994 shares changed hands on the counter till 12:22PM (IST)
Human Metapneumovirus (HMPV) has raised global concerns, including in India, where two cases were confirmed in Karnataka. While the virus typically causes mild, cold-like symptoms, it can lead to severe illness in young children, the elderly, or those with weakened immunity.
ArcelorMittal South Africa Ltd. will close its long-steel products business, potentially impacting about 3,500 jobs due to unsustainable high logistics and energy costs and insufficient government policy intervention. The closure affects its Newcastle and Vereeniging Works, with steel production ceasing by month-end. The firm faces a significant challenge due to deteriorating markets and surging low-cost imports, particularly from China.
Nifty Index is consolidating near 24,000, facing resistance at 24,248. RSI suggests bearish momentum, but the weekly chart shows bullish signals. Preeti K Chabra recommends a Short Iron Butterfly strategy for January 9 expiry.
Promoters held 51.14 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 17.27 per cent and 15.81 per cent, respectively.
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As of 30-Sep-2024, promoters held 44.07 per cent stake in the company, while FIIs held 18.24 per cent and domestic institutional investors had 18.43 per cent.
Senior AAP leader Manish Sisodia criticized BJP candidate Ramesh Bidhuri for making objectionable comments about Delhi Chief Minister Atishi. Sisodia accused the BJP of promoting disrespect towards women, particularly women leaders. AAP leaders Arvind Kejriwal and Sanjay Singh echoed similar sentiments, condemning Bidhuri's remarks.
A total of 760,641 shares changed hands on the counter till 12:07PM (IST).
In 2024, institutional investments in Indian real estate reached $6.5 billion, marking a 22% increase from 2023. The industrial and warehousing segment led with $2.5 billion, followed by the office segment at $2.3 billion. Domestic investments notably rose, accounting for 43% of Q4 inflows, reflecting growing investor confidence.
