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Axis Securities has initiated coverage on Prestige Estates with a target price of Rs 2,195 supported by the company’s diversified business model, execution supremacy, robust order book and strengthening annuity streams. The real estate business is highly cyclical and susceptible to various geographical risks. Prestige Group has mitigated these risks by diversifying across verticals and geographies and is better positioned to emerge strong during challenging times.

Manipur government has said that an audio clip, falsely claiming to be the voice of Chief Minister N Biren Singh, was released on social media in an attempt to derail peace initiatives in the ethnic violence-affected state. The police began an investigation to find out the source of the purported clip in which some offensive comments against a community were heard. «It has come to notice of the government that an audio recording, falsely claiming to be that of the Chief Minister, Manipur, is being circulated on social media platforms. »This doctored audio is a malicious attempt by certain sections to incite communal violence or derail the process of peace that has been initiated at multiple levels," the state government said in a statement.

₹15,000 crore. The group has already committed billions of dollars towards green energy investments in Gujarat. Elaborating on its green energy roadmap, RIL said that by 2025 it will establish 20 GW solar capacity for captive needs of round-the-clock power and intermittent energy for green hydrogen.

BHEL, REC, HPCL, Ceat, and BPCL, along with several other companies, are likely to be in focus today as they have declared August 9 as the record date for determining eligible shareholders for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

₹5.9 trillion, a record high. The previous such record was ₹5.49 trillion on 4 June, when the Bharatiya Janata Party's failure to win a simple majority in the Lok Sabha elections spooked investors. Bond yields plunged and stocks rose across markets after Wednesday's soothing words from the Bank of Japan, with the Nifty gaining 1.27% to close above the 24,000 mark at 24297.5, while the Sensex rallied 1.11% to 79,468.01.

Oil prices edged higher on Thursday for the third straight session after government data showed a steep draw in U.S. crude stockpiles, rebounding from multi-month lows touched this week. Brent crude futures rose 23 cents, or 0.3%, at $78.56 a barrel by 0017 GMT, while U.S. West Texas Intermediate crude gained 29 cents, or 0.4%, to $75.52.

Boutique banks have been having a pretty good 2024 so far, with Evercore and Moelis in particular recording spectacular revenue increases. As a consequence, they’ve been hiring – both from each other and from Wall Street.

Avinash Sable failed to keep pace with the best in the business as he finished 11th in the Paris Olympics men's 3000m steeplechase final race here on Wednesday. The 29-year-old Sable clocked 8 minutes 14.18 seconds while crossing the finish line after running in the lead briefly in the dramatic race. Sable had recently broken his own national record with a time of 8: 09.91 seconds at the Paris Diamond League. He has been training abroad for a long time in preparation for the Paris Games on funding from the government. Soufiane El Bakkali of Morocco defended his title, clocking his season's best of 8:06.05 while Kenneth Rooks (8:06.41) of USA and Abraham Kibiwot (8:06.47) of Kenya took silver and bronze respectively.

Mijain Lopez has gone out on top. The 41-year-old Cuban defeated Yasmani Acosta Fernandez of Chile 6-0 in the 130-kilogram final at the Paris Olympics on Tuesday to win his fifth consecutive gold medal in Greco-Roman wrestling. He's the first Olympic athlete to win gold in the same event at five consecutive Games, and the first wrestler to win five gold medals.

Reliance Industries Ltd's media and entertainment unit recorded more than Rs 13,000 crore in revenue for the fiscal year ended March 31, as per the company's annual report and filings by multiple business verticals. Viacom18, the largest media entity of the conglomerate, posted a 75% jump in revenue to Rs 8,032 crore, even as it slipped into the red with a net loss of Rs 252 crore compared with a net profit of Rs 11 crore in the previous fiscal year, due to heavy investments in sports and streaming. RIL, along with its other subsidiaries, has a majority holding in Viacom18 after buying out Paramount Global's Rs 13.01% stake for Rs 4,286 crore. Viacom18 is in the process of merging with Disney's Star India to create India's largest media entity with an estimated valuation of more than Rs 70,000 crore. It owns and operates entertainment and sports channels under Colors and Sports18, besides the JioCinema streaming platform.

Brookfield Asset Management Ltd. reported a gain in quarterly profits and said its assets under management rose to a record of approximately US$1 trillion.

Around the world, endgames are looming in four high-stakes political, environmental and military disputes. The results will resonate well beyond the immediate protagonists.

Amazon Great Freedom Festival Sale 2024 exclusive Day 2 deals: Up to 65% off on electronics, home appliances and moreCheck out more car dash cam deals on Amazon DealsThe Qubo 3K Car Dash Cam records in 3K resolution at the front and 1080p at the rear, providing detailed and clear video footage. It features a 140° field of view to cover a broad road area. The 3.2" LCD display makes it easy to view and manage recordings.

₹2,302.97 in FY24, RBL’s losses widened by 55% to ₹288.4 crore from last year's ₹185.16 crore. The increase in sales did not translate into profitability for brands like Diesel Fashion India and Paul & Shark which RBL controls. RBL began operations in 2007 and has a portfolio of brand partnerships comprising Dune, Hamleys, Pottery Barn, Tory Burch and West Elm.

Finance Minister Nirmala Sitharaman on Wednesday while replying to the discussion on the Finance Bill in Lok Sabha said, «Without drastically increasing taxes, we have brought in a simplified taxation regime, eased compliance.» Effective tax on annual income of Rs 15 lakh was reduced to 10 per cent in 2023 and further reduced this year as well under new I-T regime, said FM. «The vision of PM Modi has been to establish a simple, efficient and fair technology-driven taxation regime in this country. So, simplification and ease of compliance for the taxpayer has been the primary objective with which in the last 10 years, and this year, in the third term of PM Modi, the approach to taxation has been to simplify it, reduce the burden on taxpayer and make sure it is transparent and Equitas,» said Sitharaman.

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

Revenue from operations shot up 51% YoY to Rs 4,510 crore.

Japanese automaker Nissan says it has developed a «cool paint” that can keep people inside cars cooler

Japan's benchmark Nikkei 225 share index has soared as much as 10.7% a day after it plunged a near record 12.4%

Dubai International Airport has seen a record 44.9 million travelers pass through its terminals in the first half of this year

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy