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Ola Electric surged 15.8% to a day’s high of Rs 128 on the BSE after the company announced a 32% YoY increase in revenue for the first quarter of FY25, reaching Rs 1,644 crore. The company also launched its electric motorcycle, the Roadster, on August 15.

DLF Ltd.(up 3.6 per cent), Prestige Estates Projects Ltd.(up 1.78 per cent), Macrotech Developers Ltd.(up 1.62 per cent), Sunteck Realty Ltd.(up 1.61 per cent) and Sobha Ltd.(up 1.5 per cent) were among the top gainers.

J B Chemicals & Pharmaceuticals Ltd.(up 1.87 per cent), Natco Pharma Ltd.(up 1.59 per cent), Glenmark Pharmaceuticals Ltd.(up 1.53 per cent), Lupin Ltd.(up 1.17 per cent) and Granules India Ltd.(up 0.95 per cent) were among the top gainers.

A dual U.S.-Russian citizen has been sentenced to 12 years in a Russian prison for treason after authorities learned she donated just over $50 to a charity supporting Ukraine.

Hindustan Zinc (HZL) fell 7.8% to a day’s low of Rs 528 on the BSE on Friday, following the opening of Vedanta’s offer for sale (OFS) at a discounted floor price of Rs 486. The mining conglomerate, which is the promoter of HZL, is selling up to 3.31% of its stake, or 14 crore shares, from August 16-19. Shares of Vedanta, which is expected to raise approximately Rs 6,498 crore from the OFS at the floor price, were trading 2% higher at Rs 430 on the BSE.

Donald Trump said Thursday he thinks he's «entitled to personal attacks» on his Democratic rival, adding he's «very angry» at Vice President Kamala Harris and questioning her intelligence. Trump was asked during a news conference whether his campaign needs more discipline as he faces a Democratic ticket newly energized since Harris replaced President Joe Biden as the party's presidential candidate. «As far as the personal attacks, I'm very angry at her because of what she's done to the country. I'm very angry at her that she would weaponize the justice system against me and other people, very angry at her. I think I'm entitled to personal attacks,» Trump said at his New Jersey golf club, where he invited reporters in his quest to saddle Harris with Biden's unpopular economic record.

real estate developer Kalpataru has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Thursday to raise ₹1,590 crore through an initial public offering (IPO). The IPO will be a fresh issue of shares with no offer for sale from existing investors. The company plans to use the net proceeds to repay certain borrowings by it and subsidiaries and general corporate purposes.

FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high valuations but recommend existing investors hold them for the long term. «The current outperformance of FMCG stocks can be attributed to the strengthening rural economy and investors gravitating towards defensive stocks amid global uncertainties and high valuations in many other sectors,» said George Thomas, equity fund manager at Quantum AMC.

A northern Virginia county has announced arrests in multiple thefts targeting high-end retail stores in the county

Election Commission of India, is likely to announce the schedule for upcoming Assembly elections in three states at 3pm today. India's election authority on Friday morning announced in a release that it would hold a press conference «to announce the schedule for General Election to Legislative Assemblies.» Elections are expected to be held for the legislative assemblies of Maharashtra, Haryana and Jharkhand in 2024, with the five-year terms of these states coming to an end. The BJP currently governs Haryana independently and leads a coalition government in Maharashtra, with the support of the Eknath Shinde faction of the Shiv Sena. In Jharkhand, power rests with the Soren family-led Jharkhand Mukti Morcha-Congress alliance. The BJP is expected to announce the first list of assembly candidates for all three states later this month, sources informed ET. The party is reportedly preparing to reveal 30-35 candidates for Maharashtra, around 20 for Haryana, and 25 for Jharkhand.

Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates

Nevada gaming regulators have accused the Resorts World casino of turning a blind eye to illegal bookmaking

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates

Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan Zinc Hindustan Zinc Limited (HZL) has announced its offer for sale from August 16 to 19 and has set the floor price at Rs 486 per share according to reports.

₹27 lakh for the batch of 2022-24, unchanged from the previous 2021-2023 group, but higher than ₹26.5 lakh for the students of 2020-22 session. The institute, which last worked upon its course in 2020, is again reviewing it to improve engagement with companies so that placements do not suffer, "irrespective of the markets", said Chatterjee. The campus placement reports of some of the older IIMs also show a dip in the median compensation.

Mint takes a look at the key sectoral themes that emerged from the Q1 show: The overall earnings growth was driven by domestic cyclicals—firms that alternate between periods of high and low profit—such as automobiles and banking, financial services and insurance (BFSI), underpinned by robust demand and credit growth. There were improved contributions from healthcare, real estate and capital goods. Conversely, earnings growth was weighed down by global cyclicals such as oil and gas, where firms suffered an up to 90% plunge in profits, along with metals, cement and specialty chemicals.

Bill Ackman’s Pershing Square Capital Management LP built a stake in Canadian investment management giant Brookfield Corporation during the second quarter of 2024, a U.S. regulatory filing released Wednesday showed.  

Thriving at any Age: The Blueprint for Healthy Longevity, the report threw up a mixed bag of results based on a survey of six million users — from teens to 60+ living across 16 cities— of the app. While stress and lifestyle diseases like diabetes and high BP continue to be major causes of concern, a positive change was a drop in the percentage of overweight people (those with a BMI between 25 to 29.9), from 43% in 2021 to 38% in 2023. Health and wellness behaviours in India are evolving, says Vishal Gondal, founder and CEO of GOQii.

₹1,000 crore) in its latest funding round led by existing investor WestBridge Capital, taking the valuation to $1 billion and making it one of India’s freshest unicorns. It recorded revenues of ₹497 crore in the fiscal year ending March 2023, while its Gross Merchandise Value (GMV) grew to ₹2520 crore in the same period, a number that has increased 3X in the current fiscal year as per valuation reports. A few features set Rapido apart—it runs on a subscription model for its driver partners or “captains" instead of the more prevalent commission model, where the platform takes a commission on each ride.

Prominent Wall Street firms and large institutional investors bought into spot bitcoin (BTCUSD) exchange-traded funds in the second quarter, a sign of a healthy appetite for the products in the traditional financial sector.

Vice President Kamala Harris is zeroing in on high food prices as her campaign previews an economic policy speech coming up in North Carolina