Gap Financial News

Indian Oil Corporation Ltd. traded at Rs 173.1 on BSE at 12:53PM (IST) on Monday, up 0.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 85.51 and a high of Rs 196.8.

NFRA), in collaboration with the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi), is urging the Institute of Chartered Accountants of India to update a crucial accounting standard to align with revamped international norms, addressing a gap that has existed for over two decades, ToI reported on August 26. On Monday, the NFRA board will deliberate on updating SA 600 to match the International Standard on Auditing 600 (ISA 600), which has undergone revisions in 2009 and 2023. This move follows the NFRA's observation of discrepancies in various cases, including those involving Reliance Capital, IL&FS, DHFL, and Café Coffee Day. The NFRA, responsible for overseeing auditors and audit firms of large and listed companies, initiated discussions in May to update these standards, aiming to close the regulatory gap. Sources have indicated that SA 600 has been particularly contentious. While some chartered accountants argue that smaller firms might be adversely affected, regulatory sources insist that protecting small investors' interests is paramount.

Bharat Electronics Ltd. gained 0.32 per cent to Rs 307.05 in Monday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 609.44 points higher at 81695.65. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 127.0 on NSE. Around 777830 shares changed hands on the counter till 11:52AM (IST).

CAIRO/JERUSALEM: Gaza ceasefire and hostage negotiators discussed new compromise proposals in Cairo on Saturday, seeking to bridge gaps between Israel and Hamas as the UN reported worsening humanitarian conditions, with malnutrition soaring and polio discovered. Israeli military strikes in Gaza killed 50 people on Saturday, Palestinian health authorities said. Victims of hostilities over the past 48 hours remain lying on roads where fighting continues or trapped under rubble, the authorities said.

Manzuri, describes his work in a straightforward manner: “I sell orgasms for a living.” This statement, shared during an episode of the 1% Club with finance influencer Sharan Hegde, highlights Ritelin’s mission to challenge societal taboos surrounding sexual health in India. Manzuri, a Goa-based wellness startup, focuses on providing pleasure products for women, aiming to address the stigmatized conversations around sexual wellness. Ritelin explained that Manzuri, launched in 2019-2020, entered a market devoid of trustworthy sources for purchasing sex toys. “When we started, there was no player in the market where women could go and find a trustworthy and reliable source to purchase sex toys from,” he said. Due to the lack of recognition for sex toys in India, Ritelin refers to his company as a wellness startup rather than a sex toy company, noting the country's lag in pleasure technology. On the 1% Club video, Ritelin disclosed his financial status, revealing a liquid net worth of Rs 1.5 crore. His non-liquid assets are valued between Rs 8.5 to Rs 9.5 crore. Ritelin owns a 70% stake in Manzuri, which is valued at Rs 12 crore, bringing his total net worth to between Rs 10 to Rs 12 crore. He also shared that his annual expenditure is approximately Rs 40 lakh.

PI Industries Ltd. fell 0.62 per cent to Rs 4400.0 in Friday's session as of 12:58PM (IST) even as the equity benchmark Sensex traded 64.05 points higher at 81117.24. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4581.8 and a 52-week low of Rs 3060.0 on NSE. Around 684 shares changed hands on the counter till 12:58PM (IST).

Tata Power Company Ltd. traded at Rs 419.05 on BSE at 12:47PM (IST) on Friday, down 0.89 per cent from previous close. The scrip quoted a 52-week low price of Rs 230.75 and a high of Rs 470.85.

Bajaj Holdings & Investment Ltd. traded at Rs 9869.85 on BSE at 11:36AM (IST) on Friday, up 0.02 per cent from previous close. The stock quoted a 52-week low price of Rs 6634.6 and a high of Rs 10080.15.

₹11.11 trillion for the infrastructure sector. Finance minister Nirmala Sitharaman, in her budget speech last month, said the government will look at a market-based financing framework to address infra funding challenges.

Audi. Balbir Singh Dhillon, head, Audi India, said while the company is considering introducing more electric car models in the domestic market, and exploring the possibility of assembling them locally, policy continuity is required to make investments viable. He emphasised that subsidies are needed to drive growth in the EV segment, «till the time we reach a decent penetration level». «There is no science behind this; it's just a gut feeling that, maybe by the time we reach 50% EV penetration in the luxury space, we need that support (lower GST) and thereafter, it is driven by itself,» he said.

Assam cabinet approved the Assam Compulsory Registration of Muslim Marriage and Divorce Bill, 2024, mandating Muslims to register marriages and divorces with the government. This will eliminate the role of “qazis” in this process, and aims to curb child marriages. The proposed law will be presented in the legislative assembly during the autumn session beginning Thursday. Assam Chief Minister Himanta Biswa Sarma shared on social media platform X, «Today the Assam Cabinet has approved the Muslim Marriage Registration Bill 2024. It has two special provisions: Now the registration of Muslim marriages will be done by the government and not by the Qazi” and “registration of child marriage shall be deemed illegal.» District commissioners and registrars will be responsible for keeping the registration records, which are currently held by 94 qazis authorized under a British-era law from 1935. The new bill intends to prevent the registration of marriages involving minors, something that was previously handled by the qazis.

Nifty ended Wednesday’s session 71 points stronger to form a reasonable positive candle on the daily chart. The headline index is still making a higher high both on the daily and weekly charts. The short-term trend of Nifty continues to be positive with range-bound action. The market is now set to challenge another opening down gap resistance of August 2 around 24,960. Hence, one may expect the index to move towards 24,960 and 25,100 levels in the next one week. Immediate support is placed at 24,650 levels, said Nagaraj Shetti of HDFC Securities.

UAVs) is rising in agriculture, surveillance, logistics and infrastructure, among others. As a result, many industries are seeking fresh talent to leverage this technology. The collaborative efforts of the government, industry leaders and educational institutes are helping to bridge the skill gap in this segment. This is also making thedrone industry brim with job opportunities. However, before building a career in this sector, freshers need to know the in-demand roles, skills, pay expectations, and other details.

IndiaP2P was founded in 2021 by Neha Juneja as a platform that focuses on empowering women entrepreneurs. With 96% of its borrowers being women leading SMEs, particularly in rural areas, IndiaP2P has grown through partnerships with organisations and microfinance institutions across regions like Nagaland, the southern states, and Maharashtra by providing essential capital to these entrepreneurs. In a chat with ETDigital, Juneja, the CEO and Co-founder of the platform, talks about what she wants to achieve, why IndiaP2P has placed a bet on women entrepreneurs and the role of the regulator in the fintech space. Edited excerpts. Economic Times (ET). When did you start IndiaP2P and what was the idea behind it? Neha Juneja (NJ): We started operations in 2022 with a core thesis that women and small business owners make for prudent borrowers. Investing in them is both profitable and purposeful, given the direct and second-order effects of enabling income expansion, especially for women. Building on this thesis, we now source loans predominantly from women businesses nationwide and curate them for retail lenders to lend to.

Nifty index has been making higher highs and higher lows from the last three trading sessions and recently it bottomed out with support of 50 DEMA. Index filled a major gap down zones and scaled higher after a consolidation breakout above 24400 zones. “Now it (Nifty) has to continue to hold above 24650 zones for an up move towards 24850 then 25000 levels while support is seen at 24600 then 24500 zones,” said Chandan Taparia, Senior VP, Equity Derivatives and Technicals, Broking & Distribution at Motilal Oswal.

The NSE Nifty 50 index climbed 0.51% to 24,698, while the S&P BSE Sensex gained 0.47% to close at 80,802.

Nifty ended Tuesday’s trading session with a gain of 126 points to end near the 24,700 level and form a small positive candle with minor upper shadow on the daily chart. The underlying trend of Nifty remains positive. A sustainable move above the hurdle of 24,700 levels could open the next upside target of 25,000-25,100 in the near term. Immediate support is at 24,500 levels, said Nagaraj Shetti of HDFC Securities.

Tata Power Company Ltd. traded at Rs 420.4 on BSE at 12:43PM (IST) on Tuesday, up 0.38 per cent from previous close. The scrip quoted a 52-week low price of Rs 230.05 and a high of Rs 470.85.

Shree Cements Ltd. traded at Rs 24751.65 on BSE at 12:33PM (IST) on Tuesday, down 0.38 per cent from previous close. The scrip quoted a 52-week low price of Rs 23525.0 and a high of Rs 30710.15.

International Monetary Fund (IMF) deputy managing director Gita Gopinath recently observed that increasing workplace safety is an important factor in raising women’s participation in the labour force and the workforce (the former makes up for a broader cohort, of those looking for work, in addition to those who are at work and comprise the workforce). This has particular resonance in India right now, given the shock and outrage across the country over the gruesome rape and murder of a medical intern at a Kolkata hospital earlier this month. IMF research shows that closing the gender gap in labour force participation rates (LFPR) can raise gross domestic product (GDP) in developing countries significantly.

equity indices closed flat on Monday, as gains in energy and metals stocks, on a cut in windfall tax on crude and a soft U.S. dollar, respectively, were offset by profit booking in financials. The NSE Nifty 50 index rose 0.13% to 24,572, and the S&P BSE Sensex shed 0.02% to 80,424.