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Vedanta on Tuesday gained 2% to its day’s high of Rs 473.05 after the company announced third interim dividend of Rs 20 per share for the financial year 2024-25. The total dividend payout will amount to Rs 7,821 crore and the company has set September 10 as the record date for the purpose.

Premier Energies' shares debuted on the exchanges with a 120% premium on Tuesday. The stock listed at Rs 990 on NSE and Rs 991 on BSE, compared to the offer price of Rs 450. Ahead of its debut, the company's shares traded at a premium of over 100% in the unlisted market.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

trade ban on Tuesday viz. Balrampur Chini and Hindustan Copper. The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indexes do not encounter a security ban.

Sanofi India Ltd.(up 3.83 per cent), Gland Pharma Ltd.(up 2.96 per cent), Mankind Pharma Ltd.(up 2.63 per cent), Glenmark Pharmaceuticals Ltd.(up 1.55 per cent) and Ipca Laboratories Ltd.(up 1.49 per cent) were among the top gainers.

Asian shares are trading mixed as investors look ahead to a key report on U.S. employment set for release later in the week

silver December futures contracts were trading at Rs 84,426/kg, down by 0.15% or Rs 128. Gold prices have fallen by Rs 660/10 gm in the last 3 days while silver has dipped by Rs 2,600 per kilogram.

VRL Logistics with a target price of Rs 660. The current market price of VRL Logistics Ltd. is Rs 544.8. VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 4617.02 Crore) operating in Logistics sector.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said, as the U.S. automaker strives to increase the appeal of its best-selling yet aging electric vehicle (EV). Tesla has asked suppliers to prepare accordingly for a double-digit increase of Model Y output at its Shanghai factory, said one of the people, who declined to be named as the plan is not public. Tesla did not immediately respond to a request for comment.

Defence sources indicated that the Defence Acquisition Council (DAC) is expected to approve issuing a tender worth approximately Rs 70,000 crore to Indian shipyards under the 'Make in India' initiative, including private sector shipyards.

PNB Housing Finance with a target price of Rs 1164. The current market price of PNB Housing Finance Ltd. is Rs 954. PNB Housing Finance Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 24918.33 Crore) operating in NBFC sector.

Gujarat Gas with a target price of Rs 755. The current market price of Gujarat Gas Ltd. is Rs 671. Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 46810.53 Crore) operating in Gas & Petroleum sector.

Grasim Industries with a target price of Rs 3160. The current market price of Grasim Industries is Rs 2690. Grasim Industries Ltd., incorporated in the year 1947, is a Large Cap company (having a market cap of Rs 183122.43 Crore) operating in Diversified sector.

The National Financial Reporting Authority (NFRA) has proposed a revision of accounting rule SA600 so that a parent company’s auditor would be held responsible for the work of the auditor of a subsidiary. The idea has met with resistance. The Institute of Chartered Accountants of India (ICAI) has flagged its concern that it could weaken smaller chartered accountancy firms and lead to greater market dominance by a few big ones.

LG Balakrishnan & Bros with a target price of Rs 1620. The current market price of LG Balakrishnan & Bros is Rs 1494.6. LG Balakrishnan & Bros Ltd., incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 4711.06 Crore) operating in Auto Ancillaries sector.

average annual package of Rs 23.5 lakh, a slight increase from last year's Rs 21.8 lakh. However, the packages offered were as low as Rs 4 lakh per annum, raising further concerns in the education industry. Ten students accepted job offers in the range of Rs 4 lakh to Rs 6 lakh per annum. Despite the 7.7 per cent rise in average compensation, fewer students were placed through the campus drive compared to the previous year, as per a report by the premiere institute. Further, the placement percentage recorded for the said year is not more than 75 per cent.

China is currently in a major economic fix, and the biggest problem in their kitbag is youth unemployment, which needs to be addresses at the earliest in order to combat any other related pressing issue around the Chinese economy. New unproductive forces play a major role in the unemployment rise of the country, that has the potential to push the country on the brink of recession, feel experts.

Mint earlier reported about India considering imposing retaliatory tariffs on EU exports in response to the bloc’s proposed carbon tax that could disrupt over $8 billion worth of Indian metal exports to the EU. As the EU’s CBAM has been in discussion, Yadav said, “until a proposal comes, we cannot take a call. Our stand on this will be protecting the larger interests of all developing nations." “Before COP29, pre-consultations are taking place.

₹98,924 crore in FY23. China’s electronics conglomerate BBK Group, which operates five gadget brands in the country, maintained steady revenue at ₹81,870 crore in FY23 despite sales volumes falling significantly. Apple India clocked ₹49,321 crore in revenue in FY23.

Securities and Exchange Board of India has put the proposed initial public offering of JSW Cement 'in abeyance', an update on the capital market regulator's website showed. The cement business of the JSW Group was looking to raise ₹4,000 crore through the primary market offering, and had filed its draft papers with Sebi last month. The IPO is a combination of offer-for-sale and fresh issue of shares.