Electronic Financial News

Tata Group's lifestyle company Trent (TRENT) and state-run Bharat Electronics (BEL) are the latest inclusion into the Nifty 50 index while LTI Mindtree (LTIM) and Divi's Laboratories have made an exit. The Index Maintenance Sub-Committee (Equity) of NSE Indices on Friday made the changes in the 50-stock index and the same will become effective from September 30, 2024 (close of September 27, 2024).

SpaceX's attempt at the first ever private spacewalk next week will be a test of trailblazing equipment, including slim spacesuits and a cabin with no airlock, in one of the riskiest missions yet for Elon Musk's space company. A billionaire entrepreneur, a retired military fighter pilot and two SpaceX employees are poised to launch on Tuesday aboard a modified Crew Dragon craft, before embarking on a 20-minute spacewalk 434 miles (700 km) into space two days later. Until now, walking into the empty expanse of space has only been attempted by government astronauts on the International Space Station (ISS), 250 miles (400 km) above Earth.

Trent (TRENT), a subsidiary of Tata Group, and Indian public sector aerospace and defence electronics company Bharat Electronics (BHEL) may find a place in the Nifty 50 index in the Index Maintenance Sub-Committee meeting to be held on August 23, according to JM Financial. LTI Mindtree (LTIM) and Divis Laboratories (DIVI) are likely to be excluded, it said. The Nifty 50 index is reviewed twice a year, based on six-month data ending January 31 and July 31. The index represents 50 stocks based on free-float market capitalization and liquidity, with an average impact cost of 0.50% or less for 90% of the observations for a basket size of Rs 10 crore. The next index reshuffle will be effective from September 30.

Bharat Electronics Ltd. traded 1.05 per cent up at Rs 307.75 on Friday at around 10:20AM (IST), while the benchmark BSE Sensex declined 60.72 points to 80992.47. As many as 667,458 shares changed hands on the counter with a total value of Rs 20.43 crore.

Japan's Nikkei share average rose in early trade on Friday, with pharma shares rallying for a second session, although gains were limited as tech stocks followed their U.S. peers lower. Japanese exporter-heavy equity markets also got some broad support from a weaker yen versus the dollar. However, the outlook for the currency pair looks murky, with investors watching Bank of Japan Governor Kazuo Ueda's testimony in parliament after last month's surprise rate hike.

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industrial real estate IndoSpace is planning to invest over Rs 580 crore to develop two new logistic parks spread over 76 acres in Karnataka as part of the commitment made by the company through a Memorandum of Understanding (MoU) signed with the state government. In 2022, IndoSpace entered into a seven-year pact with the government, with a commitment to invest Rs 3,000 crore in the state's warehousing and logistics industry. This investment, the largest ever by an industrial developer in Karnataka, is expected to create 14,000 new jobs. “These parks will have a total development potential of 1.8 million sq ft and are targeted at industries such as automobiles, engineering, electronics, and third-party logistics (3PL) operators. These parks will be developed in phases, and the work will commence this year with plans to make them operational over the next 2–3 years,” said Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.

Domestic benchmark index NSE Nifty ended 41.3 points up at 24811.5, while the BSE Sensex closed 147.89 points up at 81053.19.

From sleek digital displays with advanced features to traditional mechanical models, here are the top 11 kitchen scales that promise to enhance your culinary precision and elevate your cooking experience. Whether you're perfecting a delicate pastry or measuring out spices for a savoury dish, the right scale can make all the difference.

On the BSE, Polymac Thermoformers(down 11.50 per cent), Trivikrama Ind(down 10.00 per cent), Raghuvansh Agrofarm(down 9.98 per cent), Sahara Maritime(down 9.93 per cent) and G V Films(down 9.89 per cent) stood among the top losers in today's trade.

upgradation of industrial training institutes (ITIs). Official sources told ET that the ministry of skill development and entrepreneurship (MSDE) will soon kickstart consultations with states and industry associations across potential sectors to firm up the new scheme which envisages a total investment of Rs 60,000 crore over five years to impart skills training in new-age courses to two million youth through 1000 revamped ITIs. The identified sectors include construction sector, green energy, textiles and garments, advanced manufacturing, heavy engineering, automobiles, process industry, electronics, and telecom where rigorous skills training will be imparted to create a pool of skilled workforce.

A flood of Chinese products into Indonesia has hit local manufacturers hard, prompting the government to look for ways to placate domestic producers while avoiding angering the country's biggest trading partner

Jilly Cooper's Rivals on October 18 in the UK. The eight-part series, featuring a star-studded cast, will also stream on Hulu in the U.S.

inter-ministerial panel has cleared five-six investment proposals in the electronics manufacturing sector, which include some pure-play Chinese companies and others with connections to the neighbouring country, people familiar with the matter said. The development is significant as these are among the first such approvals in recent times given border tensions and the scrutiny that investments from China have been attracting in India. Prominent names that have recently got approval include Chinese electronics major Luxshare, which is also a vendor for Apple, and a joint venture (JV) between Bhagwati Products (Micromax) and Huaqin Technology, in which the Chinese company will own a minority stake. Other proposals cleared include some Taiwan-based firms listed in Hong Kong or having investments from there.

Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off

Indian shoppers are continuing to buy from retail chains especially when it comes to premium products and during big discount days or festive periods, as per a latest study by market researcher NielsenIQ. The study shows that these big shopping periods contribute 20% of incremental sales for FMCG and 60% for consumer electronic products. Non-food categories grow 1.8 times faster than food during these periods, driven by deep discounts and consumer preference for non-essentials. Categories such as toothpaste, toilet soap, and washing powder lead the charge, benefits with 20-30% incremental sales during big days, it said.

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said.

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

Kapil Sibal and government's second topmost lawyer Tushar Mehta. A similar exchange was witnessed on Tuesday when SC ordered CISF security for doctors at RG Kar hospital. Sibal, appearing for the West Bengal government, remarked that it should be made clear that the onus of doctors' security will then be on CISF and not the state police.

Bharat Electronics Ltd. gained 0.13 per cent to Rs 302.4 in Tuesday's trade. It hit a high of Rs 303.15 and low of Rs 297.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 225.42, while the 50-DMA was at Rs 308.5. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

companies that make air-conditioners. Leading firms such as PG Electroplast and Epack Durable reported more than 70% year-on-year growth in the June quarter. These companies design and make air-conditioners for famous brands such as Voltas, Blue Star and Samsung, apart from washing machines and electronic appliances.