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stock in the ratio of 1:5 meaning that for each stock with a face value of Rs 5, there will now be 5 shares with a face value of Re 1. “Sub-division/ split of each equity share of the Company having face value of Rs.5/- (Rupees five only) each, fully paid-up, into 5 (Five) equity shares having face value of Re.1/- (Rupee one only) each, fully paid-up, by alteration of the Capital Clause of the Memorandum of Association of the Company,” the company informed the exchanges.

NTPC on Saturday reported a standalone net profit of Rs 4510.98 crore for the quarter ended June 30, 2024, up by 11% YoY, while the revenue from operations went up to Rs 44,419.22 crore in the same period. The revenue from operations was up by 13.5% on a year-on-year basis from Rs 39,122.25 crore in the same quarter a year ago.

steel demand amid headwinds, a senior central government official said on Saturday that the domestic production is likely to cross 300 million tonnes by 2030. The ministry also does not foresee any hurdles in capacity addition due to decarbonisation efforts in the steel sector and will soon release a draft roadmap seeking public opinion to reduce the carbon footprint in the steel sector, which accounts for 12 per cent of total emissions, Steel Secretary Nagaendra Nath Sinha said.

Sebi) reopened a case related to HSBC Asset Management and imposed a penalty of ₹5 lakh on it, after it found that an earlier order passed last year exonerating the asset manager was erroneous. Sebi's order relates to actions by L&T asset management company, which was acquired by HSBC Group last year in May and was merged with its asset management company in October 2023.

Dolly Khanna made significant changes in her portfolio in the quarter ended June 30, 2024 where she added five smallcap counters while raising stakes in four others. She also slashed her holding in three smallcap stocks. Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.

Varun Beverages on Thursday announced that its board will be considering a stock split in its upcoming board meeting on July 30. Following this, the shares of the company rallied 2% to its fresh all-time of Rs 1,680.80. “the Board of Directors of the Company will be held on Tuesday, July 30, 2024 inter-alia, to consider and approve the Following: Proposal for sub-division/split of existing Equity Shares of the Company having a face value of Rs. 5/- each, fully paid up, in such manner as may be determined by the Board of Directors subject to the approval of Equity Shareholders of the Company and other applicable approval(s) (if any),” said the company in its filing to the exchanges.

quarter was Rs 2,660 crore, marking a 22% increase over Rs 2,178 crore reported in the corresponding quarter of the previous financial year. The assets under management for the April-June 2024 quarter were Rs 17,773 crore.

power stock SJVN on Friday rallied over 13% to the day's high of Rs 159.60 on BSE after receiving a Letter of Intent for allotment of Darzo Lui pumped storage project from the Mizoram government. «With an installed capacity of 2,400 MW, the Pumped Storage Project has been proposed across Darzo Nallah, a tributary of Tuipui river. The estimated cost of project on completion is Rs 13,947.50 crores including IDC & Financing costs at April 2023 Price Level. This is the first project of the company in the state of Mizoram,» SJVN said in a regulatory filing.

In politics, fortunes can change quickly. See US Vice President Kamala Harris.

Tata Consumer Products on Tuesday announced a rights issue of Rs 3,000 crore, wherein 3.67 crore rights equity shares will be issued to the eligible shareholders, the ex-date for which becomes July 26. The record date fixed by the company, i.e., July 27 is Saturday, which is a market holiday. This means that the stock will start trading on an ex-rights basis from Friday, which implies that today will be the last date to buy the shares of the company in order to be eligible for the rights issue.

The Trudeau government is like a band that only knows one tune: more spending/higher taxes.

Delhi High Court has dismissed a plea filed by two witnesses-turned-accused in a money laundering case allegedly involving former CBI director AP Singh, meat exporter Moin Qureshi and others. It held that ED «rightly» proceeded under the PMLA against the duo.

Paris Olympics medals tally, followed closely by Great Britain, whose medal prospects also look very high this time around.

MRF will likely remain in focus today as the company along with its Q4FY24 results, declared a dividend of Rs 194 per share for its eligible shareholders. The company had fixed July 25 as the record date for this purpose, according to StockEdge data. This means that today is the last date to buy the shares of the company in order to be eligible for the dividend payment.

Stocks that were in focus include names like Indian Hotels, which gained 0.79%, JSW Steel, which rose 0.61%, and BPCL, whose shares declined 0.73% on Tuesday.

«See, in a country like India which is not a rich country, you have to continuously find avenues to tax and you have to use the tax revenues in the right way and continue the growth momentum and you have to ensure that jobs are created,» says S Naren, ED & CIO, ICICI Prudential AMC. What is your take on budget? S Naren: See, the government over the last decade has managed macro very-very well. Every year, they have looked and seen which are the areas where they can actually afford to increase taxation and not hurt the sectors. So, I think they have done a brilliant job if you look at it. The market can absorb it. Otherwise, the market reaction today would have been quite different, that is the reason why it is a great budget at this point of time.

The IRS has finalized its proposed 10-year RMDs rule for inherited retirement assets, and advisors say its NBD.

Chetna Chakravarthy has washed her hands off Indian men. The dating coach recently created a mini uproar on Instagram when she revealed that she was no longer interested in dating desi men.

Joe Biden has pulled out of the US Presidential Election 2024 and endorsed Vice President Kamala Harris. The first vice president of the Indian- African descent is most likely to be nominated as the Democrat candidate for the November 5 election. However, a fundamental question in the US political system is: What will happen to the millions of dollars the incumbent president has collected as campaign funds? Will Kamala Harris get it? Will it be refunded to the donors? Will it go to the Democratic Party coffers? Or can Joe Biden take it for his personal use?

budget for the financial year 2024-25. ETMutualFunds reached out to financial advisors about what mutual fund investors can expect from the Finance Minister and what changes they should make in their investment strategy.