Gap Financial News

Tube Investments of India Ltd. gained 1.36 per cent to Rs 3290.25 in Friday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 204.74 points higher at 66470.3. Earlier in the day, the stock witnessed a gap down start to the session.

Vedanta Resources will be meeting offshore bondholders in Hong Kong and Singapore next week to assess if they would be willing to roll over $3.2 billion of bonds — due in 2024 and 2025 — under different terms, said people aware of the development. The company is also considering an option to redeem a small portion of the bonds ahead of scheduled payment, partly to lure bondholders to agree to roll over the bonds, the people cited above said.Standard Chartered Bank and JP Morgan have organised the meeting with bondholders between September 11 and 15, they said. Anil Agarwal-promoted Vedanta Resources, the parent company of India-listed Vedanta Ltd, has $1 billion 13.875% bonds due in January 2024, $1 billion 6.125% bonds due August 2024 and $1.2 billion 8.95% bonds in March 2025.

The financial services industry has a history of furthering inequality — both within the business and the wider public — and that’s something that consumers want it to address.

Ashok Leyland, a Hinduja Group flagship company, will channel its capital expenditure towards developing various alternative fuel technologies for commercial vehicles over the next 18 months, even as it works on lowering development costs with partners, executive chairman Dheeraj Hinduja said. The company, known for its trucks and buses, has earmarked a capex of ₹600-700 crore for this financial year, and a significant part of it will be directed towards creating products with alternative fuel systems, such as hydrogen fuel cell buses, hydrogen-powered internal combustion engine (ICE) trucks, electric intermediate-trucks, as well as vehicles running on compressed natural gas (CNG) and liquefied natural gas (LNG). Leyland’s net-zero emissions subsidiary Switch Mobility has rolled out a range of electric light commercial vehicles (the IeV range) for last-mile transportation.

NEW DELHI : A blanket ban on crypto assets may be hard to pull off, and nations must instead apply rules on money laundering and terror finance to these assets and service providers, an influential policy paper said, while noting that increased adoption of these assets could undermine monetary policy transmission. The joint paper from the International Monetary Fund (IMF) and G20’s risk watchdog, the Financial Stability Board (FSB), has attempted to offer a roadmap for regulating crypto assets and helping nations integrate virtual digital assets into their digital financial systems.

NEW DELHI : In order to strengthen the domestic production of Active Pharmaceuticals Ingredients (APIs), the Department of Pharmaceuticals is conducting a first-of-its-kind study on the gaps and challenges in the sector. In this regard, all pharma companies and drug manufacturing associations have been asked to share the import and export data of APIs for analyzing the domestic industry, financial gaps and technological challenges to make India future-ready in the global market.

Russian forces struck and immobilized a British tank supplied to Ukrainian forces for the first time as Kyiv pushes some of its best equipment into a salient in the southeast in search of a breakthrough. The loss of the Challenger 2 tank, confirmed by British officials, comes as Ukraine is seeking to expand cracks in the main Russian defensive line.

General Motors delivered a counteroffer to the United Auto Workers union Thursday that shows the sides remain far apart on pay and other benefits, one week out from a strike deadline. The Detroit carmaker offered a 10% wage increase among other benefits, far short of the UAW’s demand of at least a 40% wage hike. The offer follows a similar one from Ford Motor last week, which called for a 9% wage increase.

G20 Summit 2023 in Delhi will encompass discussions on a wide range of topics, reflecting the evolving global landscape and India's specific focus areas. The G20, also known as the Group of Twenty, is a forum comprised of 19 individual countries and the European Union. These member nations are major players in the global economy, collectively accounting for 85% of the world's economic output and conducting 75% of global trade.

Multibagger stock: BCL Industries shares are one of the multibagger stocks that Indian stock market has produced in recent years, especially in post-Covid rebound. This multibagger stock has risen from around ₹50 to ₹500 apiece levels in last three years, delivering a whopping 900 per cent return to its positional shareholders in post-Covid stock market rebound. However, it seems that the stock still has some steam left.

Stock market today: Three Tata group stocks — Indian Hotels Company, Tata Power and Tata Communications — have hit fresh 52-week high during Thursday deals. Two out of these three Tata group stocks, Indian Hotels Company and Tata Communications belongs to Rekha Jhunjhunwala portfolio. In Indian Hotels company Ltd, Rekha Jhunjhunwala owns 3,00,16,965 shares or 2.11 per cent stake whereas in Tata Communications Ltd Rekha Jhunjhunwala owns 52,34,687 shares or 1.84 per cent stake in the company (as per the shareholding pattern of the company for April to June 2023 quarter).

upskilling opportunities that match specific requirements and this presents an opportunity to add over one hundred million people to the workforce, increase the GDP and propel the Indian economy towards $4 trillion, according to a report. These findings were recently shared by Omidyar Network India (ONI) in its report, The Next Frontiers: Skilling and Employability Solutions for the Next Half Billion, with Redseer. The report explores the opportunity of skilling and employing a vast group of people who are entering the workforce in diverse ways. This comes at a critical time when India is already home to a steadily growing work-ready population that is expected to increase till 2049, given our demographic dividend. Meanwhile, our workforce participation is still low at 46%, and especially low for women at 27%. This makes it clear that opportunities for work and skilling for those opportunities need to work hand in hand. The report drills down into a subsegment of the workforce market that it estimates to be about 580 million. The report suggests that the skilling solutions need to be granular to really benefit these different personas and their needs. Of these diverse personas, it highlights the potential demand for upskilling for about 230 million people who are in search of better jobs. These include, according to the report’s definition:

Commonwealth Financial Network has announced the expansion of its Talent Exchange Initiative, which aims to connect skilled students from top universities that offer certified financial planning programs with the firm’s affiliated advisers.

Stock market today: Key benchmark indices of the Indian stock market had a gap up opening during early morning deals on Thursday that has further fueled speculation for the NSE Nifty to hit 20,000 mark in near term. According to stock market experts Nifty today is facing hurdle at 19,600 and chances of Nifty hitting 20,000 levels may get more fodder only when the 50-stock index breaches this resistance on closing basis.

Rishabh Instruments IPO: Allotment status has become public for the initial public offering (IPO) of Rishabh Instruments Limited. Those who have applied for the Rishabh Instruments IPO, they are advised to check their Rishabh Instruments IPO allotment status online at BSE website or at the website of its official registrar KFin Technologies. However, after allotment of shares, investors and market observers are eagerly waiting for the Rishabh Instruments IPO listing date, which is most likely on 11th September 2023 i.e.

Nifty rose 36 points to end at 19,611. Stocks that were in focus included names like Petronet, which rose 5.56%, IRFC, which fell 4.5%, and RVNL, whose shares declined 4.15% on Wednesday. Here's what Riches Vanara, Technical and Derivative Analyst at Stoxbox., recommends investors should do with these stocks when the market resumes trading today.Petronet — BuyStock is trading in ascending triangle pattern and trying for early breakout from the same pattern with huge volumes. Relative strength charts in comparison to nifty-50 have also made double bottom patterns which compliments the price breakout. The momentum indicators are also trading in the bull zone and confirm the momentum in price. Hence we recommend buying for targets of 250 and 256 with stops below 236.IRFC — SellAlthough stock is trading in bull mode and we also show 3 consecutive gap up openings on the daily chart, the price action and bearish engulfing candlestick pattern on Wednesday suggests some profit booking may come. The 14 period RSI also gives bearish confirmation by making a double top pattern on daily time frames.

climate change. The Chennai High-Level Principles for a Sustainable and Resilient Blue Economy focus on keeping our oceans healthy. A global ecosystem for clean and green hydrogen will emerge from our presidency, along with a Green Hydrogen Innovation Centre.

America’s suburbs are posting the country’s fastest-rising rents, a sign that the recent migration of families from major cities is starting to look more long-term. Many white-collar workers with remote jobs moved out of city apartments for roomier accommodations during the early months of the pandemic in 2020. Now, high mortgage rates and home prices are keeping some of the same families renting for longer periods.

battery energy storage systems in the country, offering up to 40% of the capital cost of the project. The government has set aside Rs3,760 crore from this year's budget for the scheme aimed at creating 4,000 megawatt hours (MWh) battery energy storage systems (BESS) by 2030-31. «India has planned to have 50% of its total energy share from non-fossil fuels by 2030.