Experts Financial News

Kamala Harris, 60, will make history as the first female president, or if former President Donald Trump, 78, will return for a second, non-consecutive term.

Garuda Aerospace on Tuesday said it has signed a Memorandum of Understanding (MOU) with CYOL, a Sri Lankan provider of of advanced agricultural technology solutions as they both look to expand their operations in Australia, Africa, and Asia.

The custom duty on gold was lowered from 15% to 6% in the Union Budget 2024 announced in July. Industry executives said in case of such a fall in customs duty, companies who had purchased inventory earlier are going to bear losses because they had to subsequently sell at a reduced custom duty.

Air France and KLM on Tuesday said they will operate up to 50 flights per week to and from India during the ongoing winter schedule from 39 services per week during summer. The 11 new flights have been added across Delhi, Mumbai and Bengaluru, Air France and KLM said in a statement.

Williams, miles away from Earth, will manage to participate in U.S. elections? This will happen due to NASA's initiative that ensures no astronaut is left behind when it comes to their civic duty.

food inflation. Pralhad V Joshi, minister for consumer affairs, food, public distribution, new and renewable energy, said that this phase-2 of retail sale of subsidized Bharat Atta and Bharat Rice is done to stabilize the high prices of rise and atta in the market and is a temporary market intervention. «The MSP (minimum support price) has also been hiked twice in a year,” he told newspersons. The phase-2 allocation for rice has been around 2,91,738 metric tonnes, and for atta has been 3,69,947 metric tonnes. The distribution in the first phase, between October 2023 to June 2024, was 15.20 lakh tonnes of wheat flour and 14.58 lakh tonnes of rice. The phase-1 rates were Rs 27.5 per kg for wheat flour and Rs 29 per kg for rice.

Benchmark NSE Nifty closed 217.96 points up at 24213.3 amid buying in frontline bluechip counters.

KIOCL Ltd.(up 4.92%), Lexus Granito(India)Ltd.(up 4.66%), NMDC Ltd.(up 3.64%), Ashapura Minechem Ltd.(up 2.58%), MOIL Ltd.(up 2.33%), Madhav Marbles & Granites Ltd.(up 2.16%), The Orissa Minerals Development Company Ltd.(up 1.73%), Gujarat Mineral Development Corporation Ltd.(up 1.65%), Sandur Manganese & Iron Ores Ltd.(up 1.41%) and Pokarna Ltd.(up 0.97%) stood among the top gainers.

Pawan Kalyan, Andra Pradesh deputy chief minister and Jana Sena chief, publicly criticised state Home Minister Vangalapudi Anitha on Monday. Kalyan expressed concern over recent crimes against children and the overall law and order situation in the state. Speaking in his constituency, Pithapuram, Kalyan stated that the Home Minister should take responsibility for the current situation. He even suggested that he might take over the Home Ministry if things didn't improve. “I am telling this to Anitha," Kalyan said. «You are the home minister, I am the panchayati raj and forest and environment minister. Discharge your duties well. I can get the home ministry if I want. If the situation remains the same, I will be forced to take a decision. The situation would be different if I became the home minister.»

Garuda Aerospace has signed an initial pact with agri-tech solutions provider CYOL to launch its operations in Sri Lanka, a statement said on Tuesday. This agreement marks a major milestone in both companies' growth as they expand their operations into Australia, Africa, and Asia, Garuda Aerospace said in the statement. Garuda Aerospace will collaborate with CYOL to deliver solutions for farming and technology integration, the statement said. As part of this partnership, Garuda Aerospace has officially launched its operations in Sri Lanka, further solidifying its presence in South Asia, it stated. Garuda Aerospace offers its drone solutions for various areas such as agriculture, surveillance, mapping, thermography, videography, and defence anti-drone systems,

Rohit Kapoor said the company as a whole is «very well positioned» and is looking at an organic growth trajectory for its quick commerce business Instamart. The Bengaluru-based company is aiming to garner Rs 11,327 crore from the IPO, which will open for public subscription on November 6 and conclude on November 8. In an interview to PTI, Kapoor said Swiggy is «not very acquisitive in nature» but is open to pursuing inorganic growth through acquisitions for the quick commerce arm Instamart if something exciting comes along. «We are not averse to acquisitions but it has to make immense sense for us and it cannot be only for the purpose of adding revenues. It has to be for certain competencies and benefits. Right now, I think we feel very well positioned, we have the business, we have the technology and we have the people so unless and until something very very exciting comes along the way the likely scenario for Instamart is going to be more organic growth and investments,» Kapoor said.

Addressing a meeting in Shirsuphal in Baramati, the NCP (SP) chief said the contest for the Baramati Lok Sabha seat earlier this year was difficult, as it was fought within the family, and now, after five months, people of the region will witness a similar situation. Baramati MP Supriya Sule emerged victorious against sister-in-law and Ajit Pawar's wife, Sunetra Pawar, in the general election.

Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Consumption Fund, an open ended equity scheme following the consumption theme. The new fund offer or NFO of the scheme will open for subscription on November 8 and will close on November 22. The scheme will reopen for continuous sale and repurchase within five business days of allotment date. The objective of the scheme is to generate long term capital appreciation by predominantly investing in equity and equity related securities of companies that are likely to benefit directly or indirectly from the domestic consumption led demand.

«This is a temporary intervention to provide relief to consumers,» Food Minister Pralhad Joshi said after flagging off the mobile vans of these cooperatives. The government has allocated 3.69 lakh tonne of wheat and 2.91 lakh tonne of rice from the Food Corporation of India (FCI) for the phase-2 retail intervention under the Price Stabilisation Fund.

Congress MP and Lok Sabha Leader of Opposition Rahul Gandhi on Tuesday chaired a District Development Coordination and Monitoring Committee (DISHA) committee meeting in Raebareli. DISHA committee meetings are held on a quarterly basis, under the chairmanship of the MP. Earlier in the day, Rahul Gandhi inaugurated the newly-built Shaheed Chowk and Degree College Chauraha in Raebareli. He also visited and offered prayers at Shri Peepaleshwar Mahadevji Mandir and Hanuman Mandir in the city.

Revenue from operations for the period rose to Rs 2,756.8 crore, up from Rs 1,827.7 crore in the same quarter of the previous financial year, marking a 50.8% year-on-year (YoY) increase.

Varun Beverages Ltd. 1.39 per cent to Rs 585.20 in Tuesday's session as of 01:49PM (IST) even as the equity benchmark Sensex traded 281.76 points at 79064.0. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 682.84 and a 52-week low of Rs 375.20 on NSE. Around 109857 shares changed hands on the counter till 01:49PM (IST).

Zomato Ltd. traded 1.75 per cent in Tuesday's trade at 01:42PM (IST). Around 1,563,452 shares changed hands on the counter. The scrip opened at Rs 243.75 and touched an intraday high and low of Rs 244.35 and Rs 239.60, respectively, in the session so far. Shares of the company of Zomato Ltd. quoted a 52-week high of Rs 298.20 and a 52-week low of Rs 112.50.