Gap Financial News

Havells India Ltd. fell 0.88 per cent to Rs 1883.6 in Thursday's session as of 02:03PM (IST) even as the equity benchmark Sensex traded 112.91 points lower at 82239.73. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1986.55 and a 52-week low of Rs 1233.1 on NSE. Around 6930 shares changed hands on the counter till 02:03PM (IST).

InterGlobe Aviation Ltd. gained 0.29 per cent to Rs 4828.0 in Thursday's session as of 12:11PM (IST) even as the equity benchmark Sensex traded 59.19 points lower at 82293.45. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4944.6 and a 52-week low of Rs 2334.95 on NSE. Around 4821 shares changed hands on the counter till 12:11PM (IST).

Indian Oil Corporation Ltd. gained 1.69 per cent to Rs 180.05 in Thursday's session as of 10:25AM (IST) even as the equity benchmark Sensex traded 3.61 points lower at 82349.03. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 196.8 and a 52-week low of Rs 85.51 on NSE. Around 758982 shares changed hands on the counter till 10:25AM (IST).

REC Ltd. traded at Rs 631.5 on BSE at 11:41AM (IST) on Thursday, up 1.12 per cent from previous close. The stock quoted a 52-week low price of Rs 233.75 and a high of Rs 653.9.

Regional Connectivity Scheme (RCS)-UDAN, Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu has said the Centre «wants» to extend it for another 10 years. The central government had launched the UDAN (Ude Desh ka Aam Nagrik) scheme on October 21, 2016, to make air travel affordable for the people. "..We have observed the huge success that the RCS UDAN scheme has achieved. So, we want to extend it for another 10 years and see what gaps are there and try to address them...Right now, we have 157 (airports), in the plan of Viksit Bharat for 2047, we are planning to improve these 157 airports to 400 airports — including waterdrome airports, heliports and everything," said Naidu on Wednesday.

ISRO chairman S Somanath will launch a private-sector cybersecurity R&D centre near Bengaluru international airport. The lab is being built by global forensics-driven cyber security solutions company SISA. The project "Cyber Nalanda" is a step towards revolutionizing cybersecurity with the laying of the foundation stone for a state-of-the-art R&D center in India. «This initiative is more than just a technological investment; it’s a commitment to securing the future of digital space, globally,» the company said.

PDRL on Wednesday launched BhuMeet, an advanced SaaS (Software as a Service) platform to help bridge the gap between drone service providers and farmers. BhuMeet will enable users to find and hire drone service providers based on their service records and proximity, ensuring efficient and localised service delivery, a company statement said. «By bridging the gap between farmers and reliable service providers, BhuMeet not only enhances operational efficiency but also empowers the agricultural community to harness the full potential of drone technology,» PDRL founder and CEO Anil Chandaliya said. BhuMeet--India's first SaaS platform for connecting drone service with farmers--will play a vital role in modernising agriculture across the nation, he added.

Prince Harry, despite some recent portrayals as lonely and without purpose, has made it clear that he is content with his new life. According to sources close to him, Harry has made many «amazing» new friends and has no desire to return to his royal duties. This claim was reported by the Daily Telegraph, countering allegations from the Mail on Sunday that Harry was distancing himself from Hollywood and seeking advice from his old friends and associates.

According to a recent ABC News/Ipsos survey, which was released on Sunday, Harris led Trump among all adults and registered voters 50 per cent to 46 per cent. Harris had a 52 per cent to 46 per cent advantage over Trump among likely voters. The results are comparable and statistically unchanged from an August poll, according to pollsters. Before the convention, an ABC News, Washington Post, and Ipsos poll found that among registered voters, Harris had 49% support and Trump had 45%. Everybody's eyes were on the polls that were made public after the Democratic National Convention last month to see if the vice president would gain ground after the convention, as some candidates have in the past. Starting on August 23, the day following the convention's last night, a poll was conducted. Pollsters noted that Harris widened the gender gap, even though most of the numbers were essentially unchanged from before the Democratic convention. Regarding women, Harris had a 13-point advantage (54% versus 41%), while Trump had a 5-point advantage (51% versus 46%). According to pollsters, Harris had a 6-point advantage over women before the convention.

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The National Financial Reporting Authority (NFRA) has proposed a revision of accounting rule SA600 so that a parent company’s auditor would be held responsible for the work of the auditor of a subsidiary. The idea has met with resistance. The Institute of Chartered Accountants of India (ICAI) has flagged its concern that it could weaken smaller chartered accountancy firms and lead to greater market dominance by a few big ones.

Mumbai: The demand for ‘crisis consultants’ is on the rise, as companies scramble to address regulatory diktats, cybersecurity scares and climate events, according to consultants and lawyers who spoke with Mint. A person from a Big 4 consulting firm, who requested not to be named, said the firm is looking to have close to 2,000 people in its crisis team, more than double the current strength. Experts said that the time to resolve a crisis has shrunk from three-four weeks to a few days currently, as teams have access to AI and data solution methods for quick resolution.

Franklin Templeton Mutual Fund has announced the launch of Franklin India Medium to Long Duration Fund, an open-ended medium-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 4 and 7 years with relatively high interest rate risk and relatively moderate credit risk. The new fund offer or NFO will open for subscription on September 3 and close on September 17. The scheme will reopen for continuous sale and repurchase on September 26. The scheme will be benchmarked against CRISIL Medium to Long Duration Debt A-III Index and will be managed by Chandni Gupta and Anuj Tagra.

Tanzeel Akhtar has been covering the cryptocurrency and blockchain sector since 2015. She has written for the Wall Street Journal, Bloomberg, CoinDesk and Bitcoin Magazine.

Vedanta Ltd. fell 1.16 per cent to Rs 462.8 in Monday's session as of 01:29PM (IST) even as the equity benchmark Sensex traded 109.58 points higher at 82475.35. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 506.85 and a 52-week low of Rs 207.85 on NSE. Around 294664 shares changed hands on the counter till 01:29PM (IST).

Bank of Baroda traded at Rs 250.3 on BSE at 01:24PM (IST) on Monday, up 0.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 186.45 and a high of Rs 298.45.

₹5 lakh, up from the present limit of ₹2 lakh, under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the people said on the condition of anonymity. It is one of the largest life insurance programmes from the government, with more than 200 million subscribers. The plan also involves increasing the cover to ₹5 lakh from the current ₹2 lakh under Pradhan Mantri Suraksha Bima Yojana (PMSBY) in case of death or disability caused by accident.

artificial intelligence (AI), GitHub chief executive Thomas Dohmke said. Dohmke told the ET World Leaders Forum that tens of millions of developers in India are creating the digital public infrastructure of the future, fueling economic growth. GitHub is a developer platform that allows developers to create, store, manage and share their code. The company was acquired by Microsoft in 2018. «Developers drive GDP growth and technological progress to the tune of trillions of US dollars. And the opportunity goes further because software developers are adopting AI faster than any other sector of the global workforce,» Dohmke said.

There are lots of embarrassing ways to lose money, but it is particularly galling to lose when you correctly identify the theme that will dominate the market and manage to buy into it at a good moment. Pity the investors in the three artificial-intelligence-themed exchange-traded funds that managed to lose money this year. Every other AI-flavored ETF I can find has trailed both the S&P 500 and MSCI World.

₹1.4 lakh in WazirX around 3-4 years ago, which grew to ₹2 lakh over time… I think about half my money will come back—whether in 1 year or 10 years I don’t know," said Ravi Handa, a Jaipur-based investor. WazirX declined to comment for this report. WazirX, which held about $570 million in customer balances before the hackers struck, cancelled trades done after 18 July and stopped withdrawals.

small cars are set to make a strong comeback, say experts. A recent surge in two-wheeler sales is an indication of improving sentiment at the entry level of the personal mobility market, according to the experts. An expanding pool of two-wheeler owners looking to upgrade to four-wheelers, and the need for affordable and efficient mobility solutions in metro cities and urban areas also suggest that demand for small cars is set to pick up, and they expect the segment to return to the path of growth by 2026. Maruti Suzuki, the car market leader for which small cars were the bread and butter until a few years ago, is expected to enhance its portfolio of such models beyond the Alto, offering a mix of petrol, CNG and electric options. Some reports say the local unit of Japan’s Suzuki Motor is already testing small electric vehicles.