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Also Read: Explained: What's driving the ongoing uptrend in metal stocks? The country is experiencing a significant surge in power demand each month, driven by increased usage in both the industrial and household sectors. The above-normal temperatures witnessed across most regions during April and May have led to a surge in the use of cooling appliances such as air conditioners and desert coolers, resulting in heightened power consumption. The India Meteorological Department (IMD) has forecast above-normal maximum temperatures across the country for the summer season.

KKR vs SRH Live Score Updates, Play-off IPL 2024: We are finally in the IPL 2024 playoffs, and this time, the viewers are in for a lot of surprises. After an incredible 2024 season, Shreyas Iyer-led Kolkata Knight Riders finished at the top of the IPL points table for the first time in 17 seasons. With some massive records to its name, Sunrisers Hyderabad's journey to the second spot has been a mix of courage and luck.

Bitcoin has achieved all-time highs against local currencies in several countries across Asia and South America, following a significant 7% surge in its price.

Qila said counterfeiting in luxury goods retail market has necessitated the adoption of advanced technologies like blockchain and tokenization to ensure product authenticity and protect brand integrity. Globally, luxury companies lose approximately $30 billion annually due to counterfeit goods. This not only impacts revenue but also damages brand reputation and value. Additionally, the fashion and luxury sector are particularly vulnerable, with counterfeit fashion items making up around 60% of all seized counterfeit goods globally. “Brands are investing heavily in combating this issue, but traditional methods have proven insufficient. Blockchain technology and tokenization are game changers for luxury goods, offering solutions that were previously unimaginable,” said Sid Ugrankar, Founder, Qila.

Also Read: Copper prices hit all-time high to break March 2022 record; what's driving the rally? Copper on the LME has surged by 28% this year, while SHFE copper has increased by 25%. SHFE copper inventories remain low compared to the beginning of 2024, despite May typically being a period of strong copper demand in China. Nickel prices have also risen sharply, nearing $21,000 per ton in the previous trading session, marking their highest level since September 2023.

energy demand, and a move towards renewable energy sources are driving a dramatic transformation of the Indian power sector. Both domestic and foreign investors may find lucrative investment opportunities in this sector. India's power consumption is expected to almost double due to urbanization, economic growth, and rising per capita income by 2040. India's growth trajectory is attracting investments across the value chain, positioning the country as a major player in the global energy markets, in our view.

Biocon Biologics on Tuesday said it has received approval from the US health regulator for its biosimilar product to treat different types of ophthalmology conditions. The US Food and Drug Administration (USFDA) has approved the company's first-to-file application for Yesafili, a vascular endothelial growth factor inhibitor used to treat several different types of ophthalmology conditions, the company said in a statement. Biocon Biologics is a part of Biocon Ltd. Yesafili is intended for the treatment of neovascular age-related macular degeneration, visual impairment due to macular oedema secondary to retinal vein occlusion, visual impairment due to diabetic macular oedema and visual impairment due to myopic choroidal neovascularisation.

Delhi is in the grip of an intense heatwave, with temperatures crossing 47 degrees Celsius, prompting the India Meteorological Department (IMD) to issue a 'red alert' for the next five days. This scorching weather has pushed the city's peak power demand to unprecedented levels for May, leading to the immediate closure of schools by the Delhi government. Unprecedented Heatwave Grips Delhi The capital has been experiencing a relentless rise in temperatures, with Sunday recording the highest temperature this summer at 44.4 degrees Celsius. Saturday saw temperatures at 43.6 degrees Celsius, a significant increase from Friday's 42.5 degrees Celsius.

Animal healthcare solutions firm Ajooni Biotech on Tuesday opened its rights issue with an aim to raise Rs 43.81 crore from existing shareholders. Ajooni Biotech will offer 8,76,13,721 fully paid-up equity shares of the face value of Rs 2 each at a price of Rs 5 per equity share aggregating to Rs 43.81 crore, the company said in a statement. The issue will close on May 31.

Donald Trump’s lawyers on Monday pressed the judge overseeing his hush money trial to stop the case from going to the jury and throw out the charges after prosecutors concluded their presentation of evidence.

Special Opportunities Fund (SOF) is a type of investment fund that seeks to capitalize on unique, often short-term opportunities wherein the stock of the company starts trading below its intrinsic value (fair value) thus creating a buying opportunity. Warren Buffett's approach also focuses on intrinsic value, margin of safety, and a long-term perspective. Special Opportunities Funds often target distressed assets or special situations where the intrinsic value is not reflected in the current market price. By understanding the true value of these investments, fund managers can capitalize on significant price discrepancies.

“Over the next decade, India will be a buy on dip market — all corrections should be used as buying opportunities to increase allocation to equities as an asset class,” says Aditya Sood, Fund Manager, InCred Asset Management. In an interview with ETMarkets, Sood said: “FIIs were net sellers of approximately Rs 35,700 crore in April and Rs 33,539 crore, while DIIs were net buyers of over Rs 44,000 crore in April and Rs 26,500 crore in May,” Edited excerpts: What a twist market saw in the week gone by. We retested crucial support levels. What is causing the panic on D-St? Aditya Sood: A month ago, it was widely expected that the ruling party coalition NDA would aim for 400-plus seats. However, the turnout in the first three phases has been slightly lower, which might impact a few constituencies.

State Bank of India has maintained its position and once again declined to share the standard operating procedures (SOPs) given to its branches for the sale and redemption of electoral bonds, reported The Times of India. The bank justified the denial by saying the information sought was held by the bank in "commercial confidence', was the "intellectual property of the bank" and the internal guidelines were strictly meant for the dealing staff. Anjali Bhardwaj, a transparency activist, filed an application on March 4 to request SOPs issued by SBI starting from April 2017. After the bank denied the information on March 30, she decided to appeal to the first appellate authority (FAA) of SBI. Feeling unsatisfied with the response received on May 17 from the FAA, Bhardwaj has now decided to appeal against the denial to the Central Information Commission (CIC).

AAP Rajya Sabha MP Swati Maliwal, who has charged assault allegations against Delhi Chief Minister's aide Bibhav Kumar lashed out at Delhi ministers and AAP leaders for «spreading lies» about "corruption FIR" against her and threatened to file a lawsuit against them. In a post on X, Swati Maliwal claimed that her status in the party changed from «Lady Singham» to "BJP agent" right after she filed a complaint against now-arrested Kumar. «According to them, I was 'Lady Singham' until I filed a complaint against Bibhav Kumar and today I have become a BJP agent? „I will take you to court for every lie you spread!“ Maliwal said in a post on Monday.

Oil India: In Q4FY24, Oil India reported a 10% sequential decline in consolidated net profit to ₹2332.94 crore, but a 17% YoY increase. The company’s revenue from operations rose by around 16% YoY to ₹10,166 crore. OIL’s board recommended a 1:2 bonus share issue and a final dividend of ₹2.50 per equity share (post-bonus) for FY24, in addition to the interim dividends already paid.

Read the full story here.)Sensex Today Live : Indian equity indices, Sensex and Nifty 50, are projected to open on a positive note on Tuesday, influenced by a blend of global indicators. Mixed trends were observed in Asian markets, while the US market mostly closed higher, with Nasdaq reaching a record high due to a tech stock rally preceding Nvidia’s results.Investors’ attention will be on Q4 results, the voter turnout in the current Lok Sabha elections, local and international macroeconomic data, foreign fund outflows, crude oil prices, and other global factors.The Indian stock market concluded a special trading session on Saturday with slight gains, buoyed by positive global indicators.

Nasdaq closed at a record high on Monday and gold jumped to an all-time high as investors weighed hawkish statements from the Federal Reserve against evidence of cooling U.S. inflation. The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.

Gold prices inched up on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the U.S. Federal Reserve would start cutting interest rates later this year. FUNDAMENTALS

Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday.

JPMorgan Chase & Co. told shareholders the timetable is “not five years anymore," in response to a question about how long he planned to remain CEO. The largest US bank is “well on the way" with its succession plans, he said during the firm’s investor day.

Read here: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers this week On Saturday, the Indian stock market indices ended the special trading session with minor gains amid positive global cues. The Sensex gained 88.91 points, or 0.12%, to close at 74,005.94, while the Nifty 50 settled 35.90 points, or 0.16%, higher at 22,502.00. The domestic equity markets were closed on Monday due to the Lok Sabha elections in Mumbai.