Several Indian states are considering pilot projects to allow home delivery of alcohol via online platforms like Swiggy and Zomato, starting with low-alcohol drinks. This move aims to cater to urban expats and diverse consumer preferences, improving convenience while addressing regulatory concerns with strict age verification and compliance measures. Industry executives report increased sales in states where such deliveries are permitted.
Macobs Technologies' IPO is open until July 19, aiming to raise Rs 19.46 crore. Shares are priced at Rs 71-75, with a GMP of Rs 11. The company reported revenue of Rs 20.74 crore and net profit of Rs 2.21 crore.
The stock quoted a 52-week high price of Rs 1550.5 and low of Rs 752.7.
Budget 2024 Expectations Tax Relief: As Budget 2024 approaches, individual taxpayers are eagerly awaiting potential changes to exemptions and deductions. The current government's focus on a simplified tax regime with minimal exemptions and deductions has led many to reconsider their expectations. Should taxpayers now look towards the New Tax Regime for relief instead? Traditionally, changes in exemptions and deductions have been key areas of interest.
Umang Dairies, Keynote Financial, Sportking India, Mukka Proteins and Chennai Petro, hit their fresh 52-week highs at 11:20AM.
Four Indian Army soldiers, including an officer, lost their lives in a terrorist encounter in Jammu and Kashmir's Doda district. The Lieutenant Governor and Congress chief express condolences to the bereaved families. Security forces intensify anti-terror operations in the region following recent attacks.
Bharti Hexacom surged over 9% to Rs 1,165 on Tuesday after JPMorgan initiated coverage with an 'Overweight' rating and a target price of Rs 1,280, suggesting a 20% upside from the previous day's close. The brokerage views Bharti Hexacom as a top player in India's market repair segment.
Talking to PTI in an exclusive interview at his ancestral residence in Bolpur in West Bengal's Birbhum district, Sen recollected how Rahul, as a student at Trinity College in Cambridge, was unsure about "what he wanted to do" in life given that "politics never quite appealed to him then".
Promoters held 35.91 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 24.44 per cent and 12.67 per cent, respectively.
Industrial activity is set to grow, supported by domestic consumption and improved private consumption, says CRISIL. May's Index of Industrial Production rose by 5.9% year-on-year. A normal monsoon and increased kharif sowing are expected to boost agriculture and control food inflation. GDP growth is projected to slow to 6.8% from 8.2%.
Bank of Baroda launches new special FD scheme offering higher interest rates; Check details. The bank offers FD interest rate between 4.25% to 7.25% for general citizens on tenure between 7 days to 10 years for amounts below Rs 3 crore for callable deposits.
A total of 46,055 shares changed hands on the counter till 11:11AM (IST).
The 30-share BSE Sensex was up 183.78 points at 80848.64
Donald Trump received a hero's welcome at the Republican National Convention, entering with a bandaged ear after surviving an assassination attempt. He won the formal nomination for president, introduced J.D. Vance as his vice presidential candidate, and was moved by the crowd's ovation. Trump, confident in his re-election prospects, is challenging Joe Biden. Vance, a strong supporter, aligns closely with Trump's policies. The convention aims to unify Republicans and highlight their agenda.
Four Indian Army soldiers, including an officer, have been killed in action during the encounter that took place on Tuesday.
The stock traded at a P/E multiple of 35.18, while the price-to-book value ratio stood at 6.74.
The NSE Nifty index was trading 64.85 points up at 24651.55
A debt that remains unpaid beyond a specified period is termed as a non-performing asset (NPA).
A total of 2,814 shares changed hands on the counter till 11:01AM (IST)
World Snake Day 2024 (Google Trends): Snake Day, observed on July 16, educates the public about snakes' ecological roles, dispels myths, and promotes conservation. Snakes control pests and are crucial for ecological balance. During monsoon, rising water levels increase snake sightings near human habitats. Experts stress the importance of coexistence and advise contacting professional rescuers to safely handle snake encounters.
The Nifty Auto index was trading 0.45 per cent up at 25533.8.
A robber targeted the residence of a prominent Marathi writer, Narayan Surve, but returned the stolen valuables after realizing whose house it was. The thief left a note seeking forgiveness for the theft. Police are investigating further based on fingerprints found on the stolen items.
Ride-hailing company Namma Yatri has raised Rs 92 crore or $11 million in a pre-Series A funding round. This was led by Blume Ventures and Antler, while tech giant Google also participated, among other investors. The company will use the capital to boost driver earnings and product innovation.
On July 15, five stocks in the Nifty500 pack were identified by the "White Marubozu" bullish scanner. The White Marubozu is a bullish candlestick pattern in technical analysis.