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₹418 to ₹441 per equity share of face value of ₹10 each. Rishabh Instruments IPO lot size is 34 equity shares and in multiples of 34 equity shares thereafter.

Investing.com — Federal Reserve Chair Jerome Powell is set to give a pivotal speech at the Jackson Hole economic symposium on Friday, as some policymakers suggest that the central bank may need to keep rates higher for longer to combat inflation. Stock futures edge up ahead of Powell's comments. Elsewhere, buy-now-pay-later group Affirm shares surge on stronger-than-anticipated quarterly results, while Better falls sharply after the online mortgage lender's market debut following a SPAC tie-up.

A Washington, D.C., federal court this week prevented Finra from expelling a brokerage it found to have harmed customers, but the regulator is confident it can defend its enforcement authority in that case and a separate one that was filed earlier this month.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Nirmala Sitharaman on Friday said that there is no proposal before the ministry to lower import duty on electric vehicles. A Reuters report earlier in the day claimed that India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market. The policy being considered, the report said, could allow automakers to import fully-built EVs into India at a reduced tax as low as 15%, compared to the current 100% that applies to cars that cost above $40,000 and 70% for the rest. Tesla first tried to enter India in 2021 by pushing officials to lower the 100% import tax for EVs.

A flurry of statements from the government and Communist Party since July have largely focused on encouraging more spending on things like consumer goods and cars, coaxing private companies to expand investment, and making it easier for businesses to access funding. But even with two interest rate cuts this year, Beijing isn’t unleashing the kind of monetary and fiscal stimulus implemented during past downturns. President Xi Jinping’s government is reluctant to give the kind of cash handouts to consumers that fueled post-pandemic recoveries in the US and elsewhere.

Harsh Roongta, Founder, Fee Only Investment Advisers LLP, says “the entire waiting period is like a handicap, so that the person with a higher risk can still participate in the same pool as the person with a lower risk. So there can possibly be waiting periods, conceptually, whether they are allowed or not, I am not very sure in critical policies or disease specific policies like cancer. I do not think there is any restriction like that, but I am not completely sure.”How long is the waiting period before insurance kicks in for surgery?In case of knee replacement or hip replacement or hysterectomy and similar things, typically waiting periods are about two years, but it could vary from policy to policy.

Amjad Khan, Executive Director — Employee Benefit Practice & Workplace Wellness, Anand Rathi, says “there are options today of health insurance policies with zero waiting periods. But under a conventional policy, you cannot do away with the waiting period. Probably you can look at a reduction. If you are 25 years of age, your waiting period can go down to two years. But you cannot have a zero waiting period unless you look at these new age policies which have a zero waiting period under them.”What would be those criterias where an insurance company would be willing to skip the waiting period? Can we pay more premium and just skip this entire process for a few years?What we see in the last 12-18 months is that there are a few insurance companies in the Indian market who are giving policies which do not have these waiting periods.

Moody's Investors Service said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of Indian companies rated by Moody's will grow 5%-10% over the next two years as prices of key raw materials like crude oil and coking coal retreat from 2022-highs, it said in a note dated Thursday. State-owned oil marketing companies — Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd — will be the major beneficiaries of slide in crude prices. However, it will also hurt the earnings of upstream oil companies like Oil and Natural Gas Corp and Oil India as their revenues will take a hit, Moody's said. Moody's said JSW Steel will benefit the most from declining coking coal prices as its operating costs will reduce, while Tata Steel is likely to see limited gains due to lower profitability in its Europe business. Oil-to-telecom conglomerate Reliance Industries and top cement maker Ultratech Cement are also tipped to see strong earnings growth over the next two years, it added. Moody's said capital spending will remain high at nearly 4 trillion rupees, with Reliance, ONGC, IOC, telecom firms and steelmakers incurring the bulk of the expenditure, but it is unlikely to drag earnings. «Expected earnings growth combined with prudent balance sheet management over the last 12-18 months will buffer the impact of high capital spending.» India's young population, steady demand and rising spending power would keep domestic consumption «robust» at least till the end of the year, while sustained government infra spending will support business activity in key industrial sectors, Moody's added.

₹61,460 per 10 grams on MCX on May 5 this year. However, the yellow metal has slipped near to the level of ₹58,500 per 10-gram now. Rising bond yield and the US dollar have weighed on gold prices in the last few months.

HDFC Bank, saw attrition rise to 34.15% in FY23 from 19.1% in FY22. According to its annual report, attrition was highest in non-supervisory staff roles, which include sales officers. IndusInd Bank and ICICI Bank reported attrition of 51% and 30.9%, respectively, in the same period.

Tesla made an investment proposal to set up a car factory in India, a way to enter the domestic market. According to an exclusive report by Reuters, the import tax could be reduced to as low as 15% as opposed to the current 100% for cars that cost above ₹33 Lakhs and 70% for the rest. The Reuters report citing people familiar with the development noted that the move if implemented could allow electric vehicle makers to import fully-built EVs into India with just 15% import tax to be paid to the Indian Government.

CNBC-TV18 reported. SoftBank owns 3.35% stake in Zomato. It had received Zomato shares during the Blinkit deal for selling its holding to the company.

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₹2.5 crore abroad but could cost only ₹60 lakh under Bharat NCAP. This could even encourage companies that get their vehicles tested at NCAP-accredited centres in Europe, particularly Germany, to shift testing to India.

BSE Sensex has run up quite a bit in recent months. After touching its all-time high of 67,619 in July 2023, it currently trades at 65,400 levels. In this bullish market, most stocks have climbed up the ladder, commanding rich valuations.

₹25 for unlimited trips/day or ₹3.50 per ride with no charges after 10 trips. According to a Moneycontrol report, officials say that the app has been offered free of cost since its launch but the subscription fees is needed to maintain the app, cover expenses and manage customer care centre.

Bajaj Finance share price gained 2% in the early trade on Friday after global brokerage firm Nomura initiated coverage on the stock with a ‘Buy’ rating. Nomura has set a target of ₹8,700 for Bajaj Finance shares, which implies an upside of nearly 22% from Thursday’s closing price. Nomura said that Bajaj Finance continues to deliver strong numbers across the parameters with Asset Under Management (AUM) CAGR of 31% over FY13-Q1FY24.

In a major statement, NCP chief Sharad Pawar hinted that that things might be mending between him and his nephew Ajit Pawar. Sharad Pawar, who is in Baramati currently, said, there is no conflict that he (Ajit Pawar) is our leader, there is no split in NCP. “How does a split happen in a party? It happens when a big group separates from the party at the national level.