Gap Financial News

Union Budget and the Economic Survey, to set the tone and pace of the economic path the nation will pursue in the coming years to attain its ambitious growth aspirations with a human face. The allocations and source of funds must be in sync with the vision so laid out.

Shriram Finance Ltd. traded at Rs 2819.1 on BSE at 01:08PM (IST) on Friday, down 1.66 per cent. The stock quoted a 52-week low price of Rs 1759.2 and a high of Rs 3058.95. Earlier in the day, the stock saw a gap down opening.

Ambuja Cements Ltd. fell 2.1 per cent to Rs 675.9 in Friday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 424.64 points lower at 80918.82. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 706.85 and a 52-week low of Rs 404.0 on NSE. Around 115725 shares changed hands on the counter till 12:27PM (IST).

Page Industries Ltd. fell 0.52 per cent to Rs 39922.0 in Friday's session as of 10:40AM (IST) even as the equity benchmark Sensex traded 253.95 points lower at 81089.51. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 42850.0 and a 52-week low of Rs 33100.0 on NSE. Around 21 shares changed hands on the counter till 10:40AM (IST).

But the global woes may not impact the government’s plans, says Shirish S Garud, Consultant, T.E.R.I (The Energy and Research Institute). In an interaction with ET Digital, he explains how the wind energy industry has gradually evolved in the country and the trajectory it is taking now. Edited excerpt: ET: How has wind energy development evolved over the years? SG: The wind energy development in India started in the early 1980s when the government asked PSUs like BHEL to invest in these projects. In 1993, the government came out with a policy on the tariff of wind power plants that are to be connected to the grid. This was a proactive one that gave some fixed tariff and annual increment in this tariff.

Pidilite Industries Ltd. fell 0.1 per cent to Rs 3191.7 at 10:35AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 21,294 shares with a turnover of Rs 6.85 crore till 10:35AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 93.92, while the price-to-book value ratio stood at 18.24.

Unless US President Joe Biden lets another Democrat contest this year’s election, Republican candidate Donald Trump seems all but sure to win the White House. It’s not just opinion polls. Consider the contrast in optics: A visibly ageing Biden who looked stumped at a key debate versus a fist-pumping Trump who arose unshaken from the snick of an assassin’s bullet.

Prime Minister Justin Trudeau urged Mark Carney to join his Liberal government,the Globe and Mail reported, citing four people it didn’t identify.

HDFC Bank on Thursday said that going forward its advances will grow slower than its deposits, as it adjusts to its merger with parent HDFC limited. In his annual address to shareholders, managing director Sashidhar Jagdishan said that the bank will work towards bringing down its credit to deposit ratio, look at prepaying HDFCs borrowings and explore profitable lending sources. “During this time of adjustment, the bank would grow its advances a little slower than the deposit growth,” Sashidhar Jagdishan, MD, HDFC Bank said in his annual address. His speech was published as part of the annual report. “We will avoid pursuing growth which does not meet our risk adjusted profitability thresholds.” Jagdishan also said that the bank is working towards bringing down its CD ratio. The credit to deposit ratio of the lender had touched 110%. Prior to the merger the private lender has maintained CD ratio in the range of 85-87%.

Bajaj Holdings & Investment Ltd. fell 1.46 per cent to Rs 9651.75 at 01:40PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 934 shares with a turnover of Rs 0.9 crore till 01:40PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 14.83, while the price-to-book value ratio stood at 1.7.

Newme, an omnichannel fashion brand focused on new-gen customers, has raised $18 million in a funding round led by US venture capital firm Accel along with participation from existing investors including Fireside Ventures and AUM Ventures. This marks another instance of new consumer brands that are building their platforms online and offline simultaneously getting venture fund interest. Omnichannel fashion brands like Rare Rabbit, The Pants Project, and Virat Kohli-backed Wrogn have raised venture funding in recent weeks.

Indian Hotels Company Ltd. fell 0.69 per cent to Rs 582.55 in Thursday's session as of 12:18PM (IST) even as the equity benchmark Sensex traded 60.91 points higher at 80777.46. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 663.4 and a 52-week low of Rs 371.45 on NSE. Around 40261 shares changed hands on the counter till 12:18PM (IST).

Havells India Ltd. traded at Rs 1865.7 on BSE at 12:23PM (IST) on Thursday, down 0.47 per cent. The stock quoted a 52-week low price of Rs 1233.1 and a high of Rs 1986.55. Earlier in the day, the stock saw a gap up opening.

Colgate-Palmolive (India) Ltd. traded at Rs 3127.2 on BSE at 11:11AM (IST) on Thursday, up 0.05 per cent from previous close. The stock quoted a 52-week low price of Rs 1819.85 and a high of Rs 3154.0.

ICICI Lombard General Insurance Company Ltd. gained 1.38 per cent to Rs 1903.55 in Thursday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 151.26 points higher at 80867.81. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1911.0 and a 52-week low of Rs 1266.0 on NSE. Around 7204 shares changed hands on the counter till 10:15AM (IST).

Federal Bank Ltd. traded at Rs 197.4 on BSE at 10:25AM (IST) on Thursday, up 1.04 per cent from previous close. The scrip quoted a 52-week low price of Rs 129.75 and a high of Rs 197.8.

Edtech firm ByteXL has raised $5.9 million in a funding round led by early-stage venture capital firm Kalaari Capital as the lead investor, along with the Michael and Susan Dell Foundation. The funds will be used for expanding the team, advancing product development, rolling out new digital tools and technologies, and expanding outreach efforts to more colleges and universities across the country.

Following the death of George Floyd, U.S. Bank decided to look for ways to economically uplift the African American community and narrow the wealth gap. It didn’t have to look very far, according to Scott Ford, president of wealth management at U.S. Bank.

ABVP) wasted no time in organising a nationwide agitation on the NEET-UG paper leak controversy in June, the Shiksha Sanskriti Utthan Nyas has now raised questions over the «centralised» approach for the Central University Entrance Test (CUET). The Vidya Bharti — which runs a chain of schools — had earlier this month expressed «deep concern» over the NEET-UG leak. All these organisations are affiliated with the Rashtriya Swayamsevak Sangh (RSS). It is probably the first such instance during the tenure of the Narendra Modi government that these organisations have unanimously and strongly pointed out faults and gaps in the government-run exam system. All of these are also learnt to have communicated concerns and forwarded various suggestions to the Centre's high-powered panel on exam reforms under former Isro chairman K Radhakrishnan, ET has learnt.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but other goals that need to be addressed.

budget in February said that improving the social and economic conditions of women was a priority area of the government. Experts say the full budget should take more steps in this area and announce measures to further this cause. Aparajita Bharti, Co-founder at TQH Consulting, a public policy consulting firm, says the idea should be to focus on programmes that tap into the potential for entrepreneurial ventures through credit opportunities, financial literacy and skill development. There is a need for a concerted focus on schemes and announcements that create enabling infrastructure like public toilets, working women’s hostels and creches for women; reduce and redistribute their unpaid care burden and improve last-mile connectivity; engender digital and financial literacy and skills for the future of work; and provide incentives for companies to hire and advance women in the workplace.