Recommendations Financial News

GACM Technologies DVR, and Indowind Energy are the three companies that have fixed July 16 as their record date for the rights issue at Re 1, Re 1, and Rs 22.5 per share, respectively. A rights issue occurs when a company asks its current shareholders to buy additional shares at a discount before a certain date. This gives shareholders the right, but not the obligation, to purchase new shares at a discount to the market price up to a specified future date.

₹2.6 crore, and Chitransh wanted to finance ₹1.95 crore through a loan. However, his plan fell apart when he approached a bank for a home loan. The loan manager informed him the loan would not cover the 23.92% TDS or tax deducted at source that he has to deposit with the Income Tax Department.

Companies like CDSL, IDBI Bank, IDFC, and Nestle India, among others, have declared dividends for eligible shareholders, with the record date set as July 16. Today is the last day to buy shares of these companies to qualify for the announced dividends.

Stocks that were in focus include names like RailTel, which soared 14.29%, Axis Bank, which gained 1.6%, and HCL Tech, whose shares Jumped 3.3% on Friday.

«The other interesting thing which I found in the management commentary is that the AI portion, it has scaled up to 1.5 billion from about 800-900 million, that is quite interesting because that is the way forward,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. We are at least mesmerized by the move in IT. Did you anticipate such a strong reaction to a largely in-line set of numbers from TCS? Sudip Bandyopadhyay: Well, the reaction definitely is beyond expectation, but the numbers have been pretty good. It is, of course, the way expectations being built, but it is better than that.

invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. Suthaharan M. is targeting a corpus of Rs.1.35 crore in five years. Here’s what the doctor has advised him. PORTFOLIO CHECK-UP

Union budget round the corner, it's customary to discuss fiscal prudence and consolidation. But it's also the right time to talk about the need for policy changes, especially those that can unshackle the agriculture sector. First, a word of caution for votaries of minimum support price (MSP) as the primary tool of making the agriculture sector work better. Total value of agricultural and allied output in India is about ₹56 tn, out of which share of food grain is only 17%. Out of this, GoI is able to procure through MSP only 6% of the total agri and allied output, though it has entailed an expenditure of ₹3.4 lakh cr in FY23. (Interestingly, GoI procures 92.8% and 73.6% of paddy produced by Punjab and Haryana, respectively. For wheat, these ratios are 72% and 56.6%, respectively.) Livestock at 31% tops the list, followed by vegetables, fruit and spices at 26%. Fishing and forestry produce corner 7% policy share each. So, it's a grave policy mistake to use MSP as the primary tool of price discovery in agriculture, not to mention as a political tool. Alternatively, the politics of 6% procurement clearly obfuscates a better deal for the 71%.

Melania Trump, the wife of former US President Donald Trump, has issued a statement on the attack on his husband. «When I watched that violent bullet strike my husband, Donald, I realized my life, and Barron's life, were on the brink of devastating change. I am grateful to the brave secret service agents and law enforcement officials who risked their own lives to protect my husband,» she said in the statement. «To the families of the innocent victims who are now suffering from this heinous act, I humbly offer my sincerest sympathy. Your need to summon your inner strength for such a terrible reason saddens me. The winds of change have arrived. For those of you who cry in support, I thank you. I commend those of you who have reached out beyond the political divide — thank you for remembering that every single politician is a man or a woman with a loving family,» the statement added.

The budget is now slightly more than a week away. Finance ministry officials would have already sifted through all the proposals, recommendations and advice received from various quarters, and taken a decision on which ones to retain and which ones to discard. Many proposals and measures are probably already in the oven for final baking; what is probably left are incorporating last-minute proposals from party members, updating data and putting final touches to finance minister Nirmala Sitharaman’s commentary.

Tata Consultancy Services (TCS) beat quarterly revenue estimates. The Sensex rose by 622 points (0.78%) to 80,519, while the Nifty increased by 186 points (0.77%) to 24,502. Meanwhile, the total market capitalization of BSE-listed companies grew by Rs 1.18 lakh crore to Rs 452.36 lakh crore, although the market breadth favored the bears.

BCCI on Sunday decided to release funds of Rs 1 crore for the treatment of former India player and coach Anshuman Gaekwad. The 1983 World Cup winning player is suffering from blood cancer and is currently undergoing treatment at King’s Hospital London. «Mr. Jay Shah has instructed the Board of Control for Cricket in India (BCCI) to release Rs 1 crore with immediate effect to provide financial assistance to India's veteran cricketer Mr Anshuman Gaekwad, who is battling cancer,» BCCI apex council said in a statement. The move comes after former captain Kapil Dev appealed for help from the BCCI after the board announced Rs 125 crore in prize money for the T20 World Cup winning team.

Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content

Signature Global will launch multiple housing projects with a revenue potential of around Rs 13,000 crore by March next year to expand business and encash strong demand. Signature Global Chairman Pradeep Kumar Aggarwal said, «We have launched one housing project worth around Rs 3,000 crore in the first quarter of 2024-25. We have a strong launch pipeline for the remaining three quarters». «We are looking at launching more housing projects in Gurugram, Manesar and Sohna belt. These upcoming projects will have a revenue potential of around Rs 13,000 crore,» he added. Gurugram-based Signature Global, which got listed on the stock exchanges last year, is one of the leading real estate developers in the country.

A former Indiana lawmaker accused of pushing a bill favoring a casino company in exchange for promises of employment has been sentenced to a year and a day in federal prison

The public offer is being made through the book-building process, wherein about 50% of the issue is reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

Producer Price Index (PPI) to efficiently capture input prices in the economy and has shared it with the IMF, the Department of Promotion of Industry and Internal Trade (DPIIT) secretary Rajesh Kumar Singh said on Thursday. He also said the government is working towards changing the base year of the wholesale price index (WPI) from 2011-12 at present. India is planning to move from the WPI to PPI going ahead in sync with most G20 economies. Consultations with the ministry of statistic and programme implementation (MoSPI) have been done. “It has to go through a process, including National Statistical Commission (NSC) but we are on the job…The model from our side is final and we have shown it to the IMF,” Singh said.

Amazon warehouse and delivery workers in India are enduring intense pressure and unsafe conditions while struggling to support themselves with insufficient pay, the UNI Global Union said on Wednesday. “Four out of five warehouse workers reported that the targets set by Amazon are difficult or very difficult to achieve and only 21.3% of warehouse workers and drivers believe the work environment at Amazon is safe,” it said in its report published in partnership with the Amazon India Workers Association (AIWA) and based on the survey responses of 1,838 participants or Amazon employees in India. Commissioned by UNI Global Union and conducted by Jarrow Insights over 50 days from February 2 to March 22, 2024, the survey used both on-site and digital methods to ensure a representative sample of Amazon’s workforce in India.

This is an AI-generated live blog and has not been edited by LiveMint staff. Bank Nifty Share Price Today Live Updates: The NIFTY Realty at (0.83%), NIFTY Oil & Gas at (0.32%) & NIFTY Consumer Durables at (0.29%) are currently the top performing sectors among the Sectoral Indices. While NIFTY Bank at (-0.41%), NIFTY PVT Bank at (-0.41%), NIFTY Auto at (-0.39%) are currently the low performing sectors Bank Nifty Share Price Today Live Updates: The Bank Nifty opened at 52528.8 (-0.08%) , -40 points lower than the previous closing.

Stocks that were in focus include names like Raymond, which rose 10%, RBL Bank, which fell 1.28%, and AstraZeneca India, whose shares declined 3.77% on Friday.

Zomato’s ESOP costs are no longer a one-off after the approval of the new policy, domestic brokerage firm JM Financial reduced the company's target price to Rs 230 from an earlier Rs 250. The formulation of a new policy at Zomato suggests that ESOP costs should be treated as regular business expenses as they are likely to recur in the future. Hence, the domestic brokerage has adjusted its valuation methodology to capture the impact of ESOP costs better.