Gap Financial News

United Spirits Ltd. traded at Rs 1151.2 on BSE at 11:57AM (IST) on Monday, down 1.26 per cent. The stock quoted a 52-week low price of Rs 730.9 and a high of Rs 1179.95. Earlier in the day, the stock saw a gap down opening.

Marico Ltd. gained 0.28 per cent to Rs 532.0 in Monday's session as of 11:26AM (IST) even as the equity benchmark Sensex traded 314.0 points lower at 72828.8. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 595.0 and a 52-week low of Rs 462.95 on NSE. Around 11805 shares changed hands on the counter till 11:26AM (IST).

Mint, Nisheeth Srivastava, chief technology & innovation officer, India Industry Platform, Capgemini, shared that the increase in headcount aligns with industry competitors, marking a positive shift after a challenging FY24 across the IT sector. As of February 2024, Capgemini had 175,000 employees in India.

₹1.44 trillion. Then, the state-run lender came from behind, dramatically shrinking the gap to just ₹585.5 billion in the past 12 trading sessions through 23 February, as SBI joined a rally in stocks of public sector companies. As of Friday, SBI's market cap stood at ₹6.77 trillion, against ICICI Bank's ₹7.44 trillion, Bloomberg data showed.

consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. «This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been,» Subrahmanyam told reporters. «The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data,» he said.

University of Delaware (UD). The council is hoping the move helps to alleviate the city's projected $8 million revenue gap in 2025. According to a reports, UD President Dennis Assanis has attributed the university's financial challenges to inflated employee health-care costs, leading to a hiring freeze and the contemplation of additional budgetary measures. However, local officials argue that the university, being exempt from property taxes, should contribute to the city's rising operational costs. Opposition to the proposed tax have come from students and administrators who argue that the university already significantly contributes to Newark's economy. They contend that an additional tax would impose a burden on students.

₹2.03 lakh crore as of 2023. The financial year 2023 saw the opening of 35.9 million new PMJDY accounts, a rise from 28.6 million in FY22 and slightly less than 38.7 million in FY21. Despite this remarkable surge, a large number of accounts remain inactive or face duplication, signaling the need for more robust financial literacy and engagement strategies.

Sudarshan Setu,' India's longest cable-stayed bridge. Spanning 2.32 km, the bridge connects Okha and Beyt in Dwarka, a pilgrimage site in Gujarat. Its construction, at a cost of ₹978 crore, holds immense significance for residents and pilgrims, providing easier access to the revered Dwarkadhish temple. Prime Minister Narendra Modi tweeted on his X account, 'Tomorrow is a special day for Gujarat's growth trajectory. Among the several projects being inaugurated is the Sudarshan Setu, connecting Okha mainland and Beyt Dwarka. This is a stunning project which will enhance connectivity."

Corporate India is stepping up education and skilling-specific endeavours at the school level, particularly on the digital literacy front. Companies including Larsen & Toubro, P&G India, Dell Technologies, Mphasis, Infosys and HUL are, through their corporate social responsibility (CSR) initiatives, rolling out smart classrooms and learning centres for the underprivileged; fixing learning gaps to enable improved outcomes; enhancing educational infrastructure; training teachers in techno-pedagogy; and driving digital inclusion. L&T's STEM Education programme 'Engineering Futures', running in government and resource-poor trust-run schools, equips students with knowledge and skills in science, technology, engineering, and math (STEM). The programme has reached 38,545 students from 6th-8th grades across 205 schools and 713 teachers were trained in techno-pedagogy.

consumption has narrowed, and Indian household spending on non-food items has risen, showed the results of Household Consumption Expenditure Survey (HCES) 2022-23 released on Saturday. Household spending increased 2.6 times in rural areas and 2.5 times in urban areas since the last survey, conducted in 2011-12. In 2022-23, average monthly per capita expenditure in rural areas was ₹3,773, compared with ₹6,459 in urban areas. The gap between urban and rural consumption has narrowed to 1.71 times in 2022-23 from 1.8 times in 2011-12. Urban consumption was nearly double of rural consumption in 2004-05.

Rick and Michonne are poised to make a comeback in the latest installment of The Walking Dead World, titled 'The Ones Who Live.' Portrayed by Andrew Lincoln and Danai Gurira, these beloved characters, who bid farewell to the series in 2018 and 2020 respectively, are set to captivate audiences once again in the post-apocalyptic world they navigate. Before the premiere on February 25, let's delve into the essential details for those viewers who may need a refresher on past seasons and the intricate history of Rick and Michonne.

₹20-25 lakh for just a few years of audit experience and are hiring from multiple channels," said Manu Saigal, director, general staffing at Adecco India, which is a recruitment firm. Also contributing to the attrition is a big gap between demand and supply. According to The Institute of Chartered Accountants of India (ICAI), there are about 400,000 members who are registered with ICAI.

green hydrogen as storage, people familiar with the development said. The plan under the National Green Hydrogen Mission may offer financial assistance in the form of contract for difference (CFD) or viability gap funding, they said. An initial 100 MW capacity pilot project could be considered under the scheme, they said. «Discussions are on,» said one of the persons. The government is examining options for financial assistance, which could also be from the National Green Hydrogen Mission (NGHM), the person added. This will mark the first step in the bundling of green hydrogen to generate round-the-clock power. Green hydrogen refers to gas produced using renewable sources. The NGHM was launched in January 2023 with an initial outlay of ₹19,744 crore, which included ₹17,490 crore for the Strategic Interventions for Green Hydrogen Transition (SIGHT) programme and ₹1,466 crore for pilot projects.

By Emma Rumney

By Anisha Sircar

India does not 'rush' into any Free Trade Agreement (FTA) if the pact is not equitable, balanced, and fair for the country, Commerce and Industry Minister Piyush Goyal on Friday said. He said that the ground realities in India have changed now and the offers made by partner countries in these agreements are «not at all» comparable to what India is offering to the world. At present, negotiations for FTAs with the UK, Oman, and the four-nation European Free Trade Association (EFTA) are nearing conclusion. EFTA members are Iceland, Liechtenstein, Norway, and Switzerland.

ICICI Prudential Life Insurance Company Ltd. traded at Rs 519.8 on BSE at 11:01AM (IST) on Friday, up 0.29 per cent from previous close. The stock quoted a 52-week low price of Rs 380.95 and a high of Rs 615.55.

Investing.com-- Most Asian currencies fell on Friday, while the dollar steadied from recent losses as hawkish signals from the Federal Reserve and strong U.S. labor data cast more doubts over early U.S. rate cuts.

yen sagged to fresh lows on the euro, sterling and other crosses this week and headed for a fourth weekly drop on the dollar as investors chased better yields just about everywhere but Japan, wagering rates there would stay near zero for some time. The yen is the worst-performing G10 currency this year, with a 6.4% slide on the dollar. The greenback is the best performing.

Tata Power Company Ltd. rose 0.09 per cent to Rs 375.75 at 01:18PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 287,967 shares with a turnover of Rs 10.77 crore till 01:18PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.48, while the price-to-book value ratio stood at 2.11.

Bank of Baroda traded at Rs 272.55 on BSE at 01:34PM (IST) on Thursday, down 0.99 per cent from previous close. The scrip quoted a 52-week low price of Rs 153.15 and a high of Rs 280.85.