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Nagendrum Borugadda, has clinched a substantial cash prize of AED 1 million (approximately Rs 2.25 crore) in Dubai. According to a report by Khaleej Times on Tuesday, Borugadda achieved this feat through years of diligent saving and prudent investments. Originally from Andhra Pradesh, Borugadda has been residing in the UAE since 2017. Since 2019, he has consistently saved AED 100 monthly through direct debit with National Bonds, a local financial institution known for its savings schemes. «I came to the UAE to build a better life for my family and provide good education to my children. This win feels surreal,» Borugadda shared with Khaleej Times, expressing his disbelief and gratitude.

The central government is likely to announce the interest rates of Public Provident Fund (PPF), Senior Citizen Savings Schemes (SCSS), National Savings Certificate (NSC), Sukanya Samriddhi Yojana (SSY), Post Office Monthly Income Scheme (POMIS) and other small savings schemes for the July-September quarter 2024 by June 30, 2024.

The move to drop the funds came on the back of a review launched by TILLIT's investment committee, which was automatically triggered after the manager departure announcements. AXA Framlington Biotech fund was the first fund removed, after fund manager Linden Thomson moved to Candriam in February. This was followed by JO Hambro UK Dynamic, which lost its spot after manager Alex Savvides was hired by Jupiter to manage the firm's UK Special Situations fund. The third fund removed was Allianz Strategic Bond fund, which sees Mike Riddell set to leave the company in July to run Fidelity's S...

Voltas, Blue Star Ltd, Havells India and Johnson Controls-Hitachi Air Conditioning India have seen their share price rise 42-78% in last one year Other Consumer appliances and fans manufacturers as Crompton Greaves Consumer Electricals, V- Guard Industries including Havells share price have also seen good rise of 42-46% in last six months.While Consumer appliances and durables demand including air conditioner had remained soft in 2023, start of 2024 and good summer season have led to strong lift in demand. The channel inventories have also streamlined and earlier concerns on high channel inventories are behind.

IPO) of Luxury furniture maker Stanley Lifestyles was booked 9.64 times so far on the third day of the bidding process. The issue closes today. The category reserved for NIIs was subscribed by a little over 22 times while the retail investors subscribed the issue by over 8 times. Meanwhile, the QIB portion of the issue was booked at just 1.6 times.

initial public offer (IPO) of Allied Blenders & Distillers (ABDL), which opened for subscription today, has been booked 10% so far on the first day of the bidding process. Retail investors are driving the demand with a subscription of 15%, followed by non-institutional investors, whose category was booked by 11%. The part reserved for employees was booked 60% while Qualified Institutional Buyers (QIBs) have not yet subscribed to the issue.

Last week, a PE consortium led by CVC Capital Partners made a second offer to acquire HL and take it private for 1,140p per share – which included a final dividend and an «equity rollover option» for shareholders to remain invested in the company post-acquisition. Hargreaves Lansdown receives second bid from PE consortium for £5.4bn However, Hanbury and Spalton, who joined Lancaster from Odey Asset Management subsidiary Brook Asset Management, set out several issues with the bid itself, as well as with HL's backing of the offer and its recommendation to shareholders to support it. ...

«I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector,» says CA Rudramurthy BV, MD, Vachana Investments. Yes, the divergent moves are coming in for the broader markets, but you have Nifty Bank charting new territory altogether 52,000. CA Rudramurthy BV: See, for me, both Nifty and Bank Nifty now is consolidating closer to the all-time highs only and whatever clues we get now from the result season as well as budget will hold the key. I feel at current level, one has to have a wait and watch kind of approach. You have to be very-very sector specific and stock specific. I would definitely advocate one to move into safe bets as well as defensive sector. It can be in IT or one can even look at FMCG, one can even have positions in pharma, so I will definitely advocate at current level. Definitely one has to be careful. You have to move into defensive sector. Wait for result season to pan out. Let us see how even budget comes out and then take aggressive position. So, for sure, this is not the time to take aggressive position, not to be in high beta and one has to have reduced leverage and risk management will hold the key if you are a very short-term trader.

Eastern Ohio residents will learn more Tuesday about the fiery Norfolk Southern train wreck that derailed their lives when the National Transportation Safety Board holds another hearing in their hometown about the disaster last year

Crompton Greaves Consumer Electricals Ltd. fell 0.24 per cent to Rs 430.0 in Tuesday's trade as of 12:01PM (IST) even as the benchmark Nifty ruled at 23590.75, up 52.91 points. The scrip had closed at Rs 431.05 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 436.6. The company quoted a market-cap of Rs 27846.53 crore on the BSE.

Also Read- Amara Raja shares hit 20% upper circuit after subsidiary signs licensing deal with GIBThe government has received around Rs1.5 trillion in fiscal support since the interim budget presentation on February 1st, primarily due to the extra RBI dividend of Rs1.2 trillion.Secondly, the actual fiscal deficit for FY24 was 25 bps lower than estimated in the February'24 budget. The buoyancy from income tax adds almost ₹300 billion to the cushion.

Happiest Minds Technologies fell 9.5% to the day’s low of Rs 830.20 on BSE after the company’s promoter Ashok Soota reportedly sold off 6% stake and approximately 91.3 lakh shares in the company through a block deal. The official buyers and sellers of the transaction are not yet known.

mutual funds gave an average return of around 17.67% in the first half of 2024, an analysis of performance showed. There were around 263 equity mutual funds in the said period. The top four schemes were from the mid cap category. These four schemes gave more than 30% return in the same time period. Quant Mid Cap Fund, the topper in the list, gave 31.64% return in the first half of 2024.

Sensex gained 131.18 points to close at 77,341.08, while the Nifty 50 settled 36.75 points, or 0.16%, higher at 23,537.85.Nifty 50 formed a reasonable bullish candle on the daily chart from near the support of 23,300 levels on Monday, that closed beside the long bear candle of Friday.Also Read: Indian stock market: 6 key things that changed for market overnight - Gift Nifty, Nvidia share price to India CAD“Technically, this pattern indicates a formation of bullish Piercing line type candle pattern. But having formed this pattern within a broader range bound movement the predictive value could be less," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.He believes the short-term trend of Nifty remains positive amidst range movement.

Stock market today: After a weak opening, the Indian stock market remained volatile but ended marginally higher on Monday. The Nifty 50 index added 36 points and closed at 23,537, whereas the BSE Sensex finished 131 points higher at 77,341. The Bank Nifty index went up 42 points and ended at 51,703.

A Japanese transport ministry panel has proposed a number of air traffic control measures to boost safety

Dividend stocks: Shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd will be in focus when the stock market opens on June 25, Tuesday.The Board of Directors of the six companies had declared final dividends for their eligible shareholders.These companies fixed June 25 as the record date to ascertain shareholders' eligibility for their respective issues. Shares of Voltas Ltd, Tata Elxsi Ltd, Cera Sanitaryware Ltd, Alkyl Amines Chemicals Ltd, Bharat Parenterals Ltd, and Filtra Consultants and Engineers Ltd will trade ex-dividend on Tuesday, June 25.Voltas: The company declared a dividend of ₹5.50 per equity share for FY2024.In a stock exchange filing, Voltas said: “The Directors have recommended Dividend of Rs.5.S0 per share on face value of Re.1 per share (550%) for the year 2023-24 which shall be paid/despatched on or after fifth day from conclusion of ensuing 70th Annual General Meeting, subject to approval of shareholders of the Company." Tata Elxsi: The company declared a final dividend of ₹70.00 per equity share for the financial year 2024.In a stock exchange filing, Tata Elxsi said: “the Board of Directors has recommended a dividend of 700% at Rs.

Brain cancer and tumor related cases are on the rise across the United Kingdom (UK) and it is also a deadly type of cancer which is infecting children and adults under the age of 40- years. It has been estimated that every year there are around 12,000 cases detected in the UK and only one in 10 people survive until the next decade. However, according to experts, there are certain methods which can help people reduce their chances of getting diagnosed with brain cancer. They are some life style changes. This has been reported by the Mirror. There are four methods of achieving this. Fresh air and exercise:

Auto components industry body ACMA on Monday called for incentivising capex expenditure, increasing depreciation rates on plant and machinery and rationalising GST rates on EVs and its components, ahead of the upcoming Budget 2024-25. In its recommendations submitted to the Ministry of Finance and the nodal ministry for automotive industry, the Ministry of Heavy Industries, ACMA also asked the government for clarification of tax deductions on business benefits and perquisites under Section 194R while suggesting an amnesty scheme for resolving legacy disputes under customs laws. ACMA said it has proposed several key measures to further bolster the sector. «These include incentivising capex expenditure by reintroducing additional investment allowance provision, increasing depreciation rates on plant and machinery in the auto component industry from 15 per cent to 25 per cent, and rationalising GST rates on EVs and its components,» ACMA said in a statement.

State Bank of India plans to raise up to Rs 10,000 crore through the issuance of 15-year infrastructure bonds as the country’s largest lender looks to garner long-term capital at a time when demand for loans continues to outstrip growth in deposits. SBI is aiming to issue infrastructure bonds on Wednesday with a base size of Rs 5,000 crore and a greenshoe option of Rs 5,000 crore, market sources said. The maturity date of the bonds is June 27, 2039, sources said. Bidding will take place from 10:30-11:30 am IST on Wednesday.

commerce ministry's investigation arm DGTR has recommended the continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to guard domestic players. In a notification, the Directorate General of Trade Remedies (DGTR) has said that there is a likelihood of injury to the domestic industry in the event of cessation of present countervailing duty on the imports from these two nations. «The authority has reached a conclusion that the duty imposed on subject goods is required to be extended further...The authority recommends extension of countervailing duties on imports of the product under consideration,» the DGTR has said. The directorate has recommended a duty of up to 29.88 per cent on the product.