Gap Financial News

Climate change adaptation and mitigation efforts can benefit immensely from robust intervention. The Gross Domestic Climate Change Risks 2023 report, published by the Cross Dependency Initiative, an organisation that focuses on climate risk analyses, has found that nine Indian states rank among the world’s top 50 at-risk states and provinces. Despite the pace and scale of the crisis, India has been slow to respond.

Ganesh Chaturthi, commemorating the birth of Lord Ganesha is set to commence from September 19 this year. Lord Ganesh is a revered deity who has been associated with wisdom, prosperity, and good fortune. Lord Ganesha is known by various names including Gajanana, Dhoomraketu, Ekdanta, Vakrtunda, and Siddhi Vinayaka.

Siemens Ltd. traded at Rs 3883.8 on BSE at 01:45PM (IST) on Friday, down 0.95 per cent from previous close. The stock quoted a 52-week low price of Rs 2670.35 and a high of Rs 4066.1. Earlier, the stock saw a gap up opening in the morning. A total of 5,181 lakh shares changed hands on the counter till 01:45PM (IST). The stock of Siemens Ltd.

Nilesh Gupta, MD, Vijay Sales.I have to say that it has been a bit unexciting maybe when it comes to the summer season so far. It has been unseasonal rains. How has Onam panned out for you and we are stepping into September already, got a huge festive season lined up. What are you anticipating by way of demand?You are absolutely bang on that this time of the summer season was not as good because of the erratic rains which came in. But at the end of the day, when we see the first half of the year, Jan to June, we did cover up the AC sales. Yes, there was no growth in air conditioners, but we did not lose out much. There was only a negligible 1 or 2% de-growth which happened. So that clearly shows that the sentiment is good. Although we are not present in the Onam market of Kerala but whatever feedback I have got from the market, Onam has been reasonably very good. But I think the biggest silver lining for us has been the 15th August.

The Florence tunnel boring machine stuck underground at the Snowy 2.0 construction project in NSW has made “bugger all” progress since it was commissioned in March last year, says Snowy Hydro chief executive Dennis Barnes, who is however hopeful the huge machine will resume its three-year tunnelling job again within weeks.

Marico Ltd. fell 0.46 per cent to Rs 568.0 at 11:11AM hours (IST) on Friday.

finance, a significant player often operates discreetly yet profoundly impacts our economy — Non-Banking Financial Companies (NBFCs). Unlike traditional banks, NBFCs hold no banking license, yet their role is far from inconsequential. Regulated by the RBI, these financial entities are distinguished by several key characteristics that set them apart from their banking counterparts.A closer look at distinctive features of NBFCs The very essence of an NBFC lies in its limitations, which paradoxically grant it a unique edge.

Shree Cements Ltd. gained 0.76 per cent to Rs 23989.15 in Friday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 82.55 points higher at 64913.96. Earlier in the day, the stock witnessed a gap up start to the session.

Anand Tandon, Independent Analyst, says that “the key challenge in IT today is that we are rotating into IT for a lack of other good places. But at the same time, there is no case that has been made that the IT sector is actually going to either perform very well in the near term or that the outlook has improved in terms of the demand side of the equation. ”Which are the top stocks that you like in the auto space?The view on auto is not particularly positive for me.

In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor. The view emerging from officials in Washington, Rome, Tokyo and other capitals, who spoke with Bloomberg News mostly on condition of anonymity in recent days, is that the dominant economic narrative that has guided the flows of capital around the globe for decades is flipping fast.

New Delhi: August has been the driest and warmest month in the entire country since 1901. Monsoon precipitation in August across the central India and the south Peninsular region has also been the lowest in 122 years since 1901, making it one of the worst and deficient monsoon months in history, India Meteorological Department (IMD) said on Thursday. Rainfall across the country was 162.7 mm this August compared to 254.9 mm actual.

NEW DELHI : The government’s fiscal deficit has crossed ₹6 trillion or a third of the ₹17.9 trillion estimated in the union budget for FY24, data from the Comptroller General of Accounts (CGA) showed on Thursday. Fiscal deficit—the gap between spending and receipts, met through borrowings—stood at 33.9% of the full- year target in July, aided by strong tax and non-tax revenue receipts. Fiscal deficit in the first four months of FY23 was at 20.5% of the full-year target.

Bank of Baroda. “At any rate, July-August are normally the months when there is heaviest rain and, hence, the deficit in August will have far-reaching impact." For the week ended Wednesday, India recorded a precipitation of 30.7 mm, 40% lower than the long period average (LPA). Higher water levels are critical for the agriculture sector, with farmers largely depending on reservoirs for irrigation.

It was such an odd and bizarre miss, that some in the natural gas trade have just taken to calling it  “a fluke” — for those wanting higher prices. 

Digital Commerce (ONDC) is set to disrupt digital commerce in the B2B space, especially in the retail, financial services, manufacturing and agricultural sectors, as per a report by Deloitte. ONDC, a government initiative, aims to create an interoperable marketplace for small and medium-scale sellers and democratising the ecommerce market. The buyer and seller can be on different platforms and still trade as long as their platforms are on the ONDC network. Commenting on the report, Sathish Gopalaiah, president, consulting, Deloitte South Asia, said that India's upcoming growth phase will be marked by empowered consumers and small and medium-sized enterprises (SME), which aligns with ONDO's goals. “With a unique proposition built around agility, security and profitability at the same time, ONDC streamlines value chains, bridges gaps and endorses innovation, paving the way for the next generation to explore novel paths,” he said. Currently, ecommerce contributes to 4.3% of the retail commerce sector and ONDC is expected to boost the sector, especially in manufacturing, agriculture and financial services. ONDC paves the way for brands to connect with retailers and help distributors find new markets.

fiscal deficit for the first four months of this fiscal year through July stood at 6.06 lakh crore rupees, or 33.9% of annual estimates, government data showed today. The fiscal deficit widened from 20.5% reported in the comparable year-earlier period. The wider fiscal deficit comes amid mushrooming speculations that the Narendra Modi-led government, which is seeking to return to power for the third term after Lok Sabha elections next year, will soon have to unleash various fiscal measures and particularly so as to rein in galloping inflation rate. While the fiscal impact after the Indian government this week slashed LPG cylinder prices by Rs 200 per unit is seen to be limited as the move for now seems to only trim oil refiners’ profit margins, the rising clamor for the need to cut petrol and diesel prices may have an impact on budget gap.

Small-cap stock under Re 1: Visagar Financial Services shares are one of the circuit to circuit stocks on Dalal Street that has been hitting upper circuit for the last three straight sessions. The penny stock below Re 1 today opened with an upside gap and went on to hit an intraday high of ₹1.01 apiece on BSE, hitting upper circuit within minutes of stock market's opening bell today.

MTAR Technologies share price rose for the second consecutive trading session on Thursday after the company received Defence Industrial License to manufacture various mechanical and electrical subsystems for the defence industry on Wednesday. Mtar Tech stock gained nearly 5% on today's session. MTAR Tech share price today opened at intraday low of ₹2,331 apiece on BSE.

The Australian Energy Market Operator is banking on large scale batteries and pumped hydro projects to help reduce the risks of rolling blackouts over the next decade on the east coast.

Small-cap stock under ₹5: Shares of Advik Capital have been in uptrend since early morning deals. The small-cap penny stock under ₹5 today opened with an upside gap and went on to hit intraday high of ₹2.45 apiece levels on BSE, hitting 5% upper circuit within few minutes of stock market opening.

Bharat Electronics Ltd. traded at Rs 133.0 on BSE at 10:45AM (IST) on Thursday, down 1.15 per cent from previous close. The stock quoted a 52-week low price of Rs 87.0 and a high of Rs 138.2. Earlier, shares of the company saw a gap up opening in the morning. A total of 321,948 lakh shares changed hands on the counter till 10:45AM (IST). The stock of Bharat Electronics Ltd.