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Issue price: Rs 195-206

steel products is set to grow by 8-10% each year on an average driven by demand from the construction segment and manufacturers of appliances and white goods, Ranjan Dhar, the director for sales and marketing at AM/NS India said. India currently consumes around 3.2 million tonne of coated steel each year, he told ET, adding that the demand for this product from the value-added segment is growing at a faster pace than that of steel. AM/NS India, which is the fourth largest producer of steel in India, a joint venture between ArcelorMittal and Nippon Steel, has recently launched a color-coated steel brand, a patented product from ArcelorMittal.

Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday highlighted the plight of gig workers and asserted that the Congress governments in states would make concrete policies to solve their problems while the INDIA bloc would strive for ensuring their nationwide implementation. Gandhi made the remarks on X, where he posted a video of a recent ride he took in a Uber cab and the interaction he had with the driver. «Low income and inflation ruining lives — this is the plight of India's gig workers! In discussion with Sunil Upadhyay ji during a Uber ride and then, after meeting his family, took stock of the problems faced by gig workers such as cab drivers and delivery agents in the country,» the former Congress chief said in Hindi on X.

Triveni Engineering & Industries Ltd.(up 12.05%), Mawana Sugars Ltd.(up 6.29%), KCP Sugar & Industries Corporation Ltd.(up 5.68%), Simbhaoli Sugars Ltd.(up 4.97%), Ponni Sugars(Erode)Ltd.(up 4.17%), DCM Shriram Industries Ltd.(up 4.07%), Bajaj Hindusthan Sugar Ltd.(up 3.62%), Magadh Sugar & Energy Ltd.(up 3.51%), Rajshree Sugars & Chemicals Ltd.(up 3.42%) and Uttam Sugar Mills Ltd.(up 3.28%) stood among the top gainers.

RBI) said in its monthly bulletin on Monday. This trend marks a significant revival in external borrowing, reflecting the evolving dynamics of the domestic credit landscape, it added. It is to be noted that Foreign direct investment (FDI) inflows into India fell to $28.1 billion in 2023 from $49.3 billion in 2022. The country slipped seven notches to rank 15 in the World Investment Ranking, marking a dull 2023.

equity mutual fund folios reached a record 5.4 million in July, according to the data from the Association of Mutual Funds in India (AMFI). This surge was driven by the launch of new sectoral funds, leading to inflows of nearly Rs 10,000 crore. The number of newly added folios in July is almost three times higher than the monthly average of 1.8 million over the past two years. Sectoral funds contributed nearly half of the incremental folios in July with inflows of Rs 9,790 crore. This boost was attributed to the new fund offers (NFOs) of the Edelweiss Business Cycle Fund and the ICICI Prudential Energy Opportunities Fund. A new fund offer by mutual funds often results in a significant increase in the folio count. A single investor may hold multiple folios for different schemes of an asset management company (AMC). An increase in folio count without a corresponding rise in unique investors indicates that existing investors are increasing their equity allocations by subscribing to new fund offers.

Shraddha Kapoor is celebrating the success of her newest movie ‘Stree 2’. The quirky horror-comedy, which is the sequel to the 2018 blockbuster ‘Stree’, has been shattering box-office records since its release. According to a report by box-office tracking portal Sacnilk.com, the Kapoor-Rajkummar Rao-starrer is inching closer to the Rs 300 crore mark. The horror-comedy film raked in more than Rs 280 crore worldwide within its first four days in theaters. ‘Stree 2’, which hit cinemas on Thursday, was met with favorable reviews.

IRCTC’s journey can be pleasant if non-convenience fee surprises At an all-India level, the average cement price fell around 3% month-on-month in July to five-year low of ₹313 per bag, according to IIFL Securities Ltd. One cement bag weighs 50 kilograms. Cement prices have fallen further in August in southern markets – by ₹10-15 a bag – while prices are steady in other markets, said the IIFL report dated 9 August.

Read this | Green revolution 2.0: Why India needs an integrated energy policy Meanwhile, India holds its position as the world’s fourth-largest renewable power capacity, trailing only China and Brazil among emerging economies, excluding hydropower plants. Also read: The rooftop eclipse on India’s solar ambitions India also aims to power half of its energy capacity with renewables by 2030, a goal supported by encouraging progress.

telcos' demand to bring OTTs under a licensing or authorisation regime, stating that apps are already regulated under the Information Technology Act (2000). Industry bodies representing the OTT players, in response to the Telecom Regulatory Authority of India’s (TRAI) consultation paper seeking inputs on service authorisations under the newly passed Telecommunications Act, have cautioned against bringing the apps under regulation. “From a technical perspective, TSPs (telecom service providers) operate on the network side, while OTT providers operate on the application layer. Therefore, there is a clear distinction in the operational and technical and nature of OTT service providers and TSPs,” said the Internet and Mobile Association of India (IAMAI) in its counter comments to the consultation paper, adding that OTT services do not fall within the scope of the telecom act.

market regulator intends to expand the scope of its sustainable finance framework to include more products, a potential boost to ESG-labeled instruments in Asia. The Securities and Exchange Board of India will consult on introducing social bonds, along with sustainable and sustainability-linked bonds, to the current suite of environmental, social and governance debt. Plans also include adding eligible asset-backed securities and a requirement for independent external reviews of all ESG debt, according to a consultation paper released Friday.

₹40,000 segment. Although the V40 features a less powerful processor compared to its rivals at this price range, it compensates with ZEISS-supported optics, an IP68 rating, and a substantial 5,500 mAh battery, all within a sleek design.Vivo V40 boasts a 6.78-inch 1.5K AMOLED display with a peak brightness of 4500 nits, a 120Hz refresh rate, and a 480Hz touch sampling rate.

Cricket in India (BCCI) secretary Jay Shah said that the decision on pacer Mohammed Shami's participation in the Border-Gavaskar Trophy away from home later this year will be taken after the report from National Cricket Academy (NCA). India fast bowler Mohammed Shami is making significant strides in his recovery from an ankle injury that has kept him out of cricket since the ODI World Cup last November. The expectation is that he will be ready to participate in India's home season, starting with a Test series against Bangladesh in September. Shami is currently in the final stages of his rehabilitation at the National Cricket Academy (NCA) in Bengaluru. He resumed bowling last month for the first time since his surgery and has been gradually increasing his bowling workload, reporting no pain.

Deposit growth is the Indian banking sector’s biggest challenge as customers choose from an increasingly diverse range of investment alternatives, according to Shalini Warrier, retail business head at Federal Bank Ltd. “There is no silver bullet for this,” Warrier said on Bloomberg TV Monday. When “fixed deposit rates don’t go up as much as customers would like them, they look for alternates.” Deposit growth has lagged strong demand for credit in India for several quarters now, prompting top officials to weigh in. Finance Minister Nirmala Sitharaman and Shaktikanta Das, governor at the Reserve Bank of India, has urged banks to innovate in order to increase their deposits as household savings shift to investment products.

The Organisation for Economic Co-operation and Development (OECD) suggests that approximately 20 PISA (Programme for International Student Assessment) points are equivalent to a year of learning. By this metric, India was 12 years behind China in mathematics, science and reading abilities the last time India took the PISA test in 2009.

apply retrospectively. Justice B.V. Nagarathna’s dissenting judgment in the case, where an 8:1 majority of the constitution bench ruled in favour of states, may prompt the legislature to rethink the current framework.

Saraswati Saree Depot are set to debut on the exchanges on Tuesday. Ahead of the listing, the company’s shares are trading with a gray market premium (GMP) of Rs 46. With the upper price band set at Rs 160, the stock is expected to list at a premium of 29% over the issue price.

Ukraine, the External Affairs Ministry said today. It will be Modi's first trip to the war-torn country since its conflict with Russia and about a month after he met President Vladimir Putin in Moscow. Details of the trip will be shared later in the day, Reuters reported quoting the foreign ministry. Modi is expected to visit Ukraine between August 21 and 23, ET had reported earlier. It comes just over a month after Modi visited Russia and Austria. Western capitals have imposed sanctions on Moscow following its invasion of Ukraine in 2022, but friendly nations such as India and China have continued to trade with it.

foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, ToI reported on August 19. This initiative has the support of the Insurance Regulatory and Development Authority of India (Irdai), but it will require political approval since amending the Insurance Act is necessary, said the report (by Sidhartha). The proposal aims to open up the sector further to foreign investors, as the current cap is seen as restrictive. Additionally, there are discussions around easing other FDI regulations, including the requirement that certain top management positions must be held by Indians. Officials, who are part of these conversations, revealed that a comprehensive set of amendments to the law is also in the works, although the timing for the bill's introduction is not yet decided. The Department for Promotion of Industry and Internal Trade is also reviewing sectoral norms to encourage more unbridled investments. «Given that most large Indian companies and conglomerates have already invested in the insurance sector, officials said, it is time to allow 100% FDI in the sector since several foreign players with deep pockets are willing to come into the country but are not able to find a matching domestic player.»

Havells India Ltd. traded 0.39 per cent up at Rs 1883.65 at 12:17PM (IST) on Monday, even as BSE benchmark Sensex gained 31.45 points to 80468.29. The stock had settled at Rs 1876.2 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1986.55 and Rs 1233.1, respectively.