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Mankind Pharma surged 4% to today's high of Rs 2,187.85, while those of Delhivery rose 2% to its day's high of Rs 403.65 on the BSE after a stake was offloaded in the companies via block deals. Hema CIPEF (I), an affiliate of the US-based Capital Group, likely sold a 0.9% stake in Mankind Pharma through block deals, while Canada Pension Plan Investment also reportedly offloaded a 3.17% stake in Delhivery. However, the official parties involved in the transaction are not yet known.

consumer goods, even as top industry executives said green shoots are becoming conspicuous in rural consumption. Sales volumes in categories like cold beverages, ice creams, talcum powder, cooling hair oils, deodorants and sunscreens rose up to 15 per cent from a year earlier in the quarter amid severe heatwave conditions, according to companies and analyst reports. However, sales of impulse packaged snacks and single-serve packs of beverages took a hit, as harsh weather caused a fall in out-of-home consumption. Sales of household insecticides too was impacted due to delayed onset of monsoon.

₹1 lakh of paid-up capital at ₹1 per share, with an average pre-money valuation of ₹10 crore now would result in an issue price of ₹1,000 per share, or a premium of ₹999. But this would likely result in angel-tax notice from authorities. The tax department uses a system known as Computer-Aided Selection of Cases For Scrutiny (CASS).

Economists and some Federal Reserve officials are increasingly on alert that pain could be on the horizon for American workers amid signs the labor market is losing steam.

UK election results are formally declared with Keir Starmer's Labour Party grabbing an outright majority with Rishi Sunak's Conservative Party falling well behind in the poll race. Interestingly, even though the Labour Party have a majority share of seats, its vote percentage stands at a mere 34%. If that is not all, Reform UK managed to win only 4 seats with a significant 14 percent vote share but the Conservatives attained 121 seats with only 24 per cent. This calculation factor has raised many eyebrows and people still cannot figure out why this happens during UK general elections.

US Presidential Debate in Atlanta on June 27 has done little to pacify his supporters and the entire nation about his confidence towards leading the nation. Before him, during the US Presidential Debate, stood a formidable opponent, former US President Donald Trump, who left no stones unturned in attacking the current regime led by President Biden. Meanwhile, Biden was seen to fumble on various occasions, and was in a very tough spot when cornered by Trump on multiple issues.

Joe Biden's politically devastating performance on the debate stage in Atlanta, several current and former officials and others who encountered him behind closed doors noticed that he increasingly appeared confused or listless, or would lose the thread of conversations. Like many people his age, Biden, 81, has long experienced instances in which he mangled a sentence, forgot a name or mixed up a few facts, even though he could be sharp and engaged most of the time. But in interviews, people in the room with him more recently said that the lapses seemed to be growing more frequent, more pronounced and more worrisome. The uncomfortable occurrences were not predictable, but seemed more likely when he was in a large crowd or tired after a particularly bruising schedule. In the 23 days leading up to the debate against former President Donald Trump, Biden jetted across the Atlantic Ocean twice for meetings with foreign leaders and then flew from Italy to California for a splashy fundraiser, maintaining a grueling pace that exhausted even much younger aides.

NEW YORK — JPMorgan Chase Co.‘s profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc. But the bank’s results were also helped by higher interest rates, as well as consumers who seemed to still want to spend, despite geopolitical and economic uncertainties.

Melania Trump's conspicuous absence from the most recent presidential debate sparked concerns about her potential position if Donald Trump wins the presidency again in 2025. According to reports, she has negotiated a less conventional first lady role by giving herself and her son Barron more priority, as reported by Yahoo Entertainment.

Congress on Thursday said setting up an oil refinery and petrochemical complex in Andhra Pradesh was originally a commitment made by the Manmohan Singh government in the thirteenth schedule of the Andhra Pradesh Reorganisation Act. Taking note of an ET report about the Centre acceding to Andhra Pradesh chief minister and key NDA ally N Chandrababu Naidu's demands on these projects, the Congress said that as per the 2014 Act, these projects were to be implemented within 10 years and that the Modi regime, having failing to do so, had «only initiated the feasibility study now». It also said that with the BJP no longer in majority in Parliament, rapid implementation of the Act could now be expected. «An oil refinery and petrochemical complex in Andhra Pradesh was originally a commitment made by Dr Manmohan Singh's government in the Thirteenth Schedule of the Andhra Pradesh Reorganisation Act 2014,» Congress communications in-charge Jairam Ramesh said in a post on X, attaching a copy of the Thirteenth Schedule of the Act.

Karnataka Infrastructure Minister MB Patil recently announced plans to convene a meeting soon to determine the location of Bengaluru’s proposed second airport. The decision will primarily consider two key factors: passenger load and connectivity to the existing Kempegowda International Airport (KIA). The exclusivity clause with Bangalore International Airport Limited (BIAL), which restricts the establishment of another airport within a 150-kilometer radius, ends in 2032. This clause will allow the potential development of a new airport by 2033. Considering the time required for land acquisition and compensation for landowners, the government has initiated the planning process early. Patil also addressed the Tamil Nadu government's decision to build an airport in Hosur, stating that it needs to be examined whether the exclusivity clause with BIAL applies to it.

Marico Ltd. rose 0.93 per cent to Rs 650.8 in Friday's trade. It hit an intraday high of Rs 651.0 and low of Rs 636.75, respectively, during the day. The stock quoted a 52-week high price of Rs 666.85 and low of Rs 486.75.

Surveys of Chinese factory managers show a mixed outlook for the world's No. 2 economy, with growth steady but not picking up much steam

₹21,000 crore invested in May. All this money, the brokerage said, has led to the “water in the pond… reaching higher and higher levels." This refers to all the new money driving stock prices to newer highs. KIE analysts further said that “the pond’s water could be at risk of turning into steam and disappearing altogether," but investors are busy “rolling in the lucre." So, is this an escalation of commitment on KIE’s part in order to defend what it said in September? Or is it just unhappy about how stock prices have continued to rise fast after its bearish call that month? Or is the stock market ‘really’ irrationally exuberant? Any stock brokerage that makes a bold call against the prevailing trend needs to keep defending what it has said.

Venezuela’s recent crackdown on crypto is unlikely to dent enthusiasm for tokens, with data showing people in the nation remitted $461 million worth of coins in 2023.

The Securities and Exchange Commission last week revoked the license of Lufkin Advisors of San Mateo, Calif., after charging the firm and its owner, Chauncey Lufkin, with fraudulent conduct involving crypto assets and private funds.

In a surprise move, the Uttar Pradesh government has reportedly waived registration fee on hybrid vehicles in an attempt to incentivize cleaner transport. This is expected to help Maruti Suzuki, Toyota and Honda Cars India the most, given their bet on hybrids, which combine conventional fossil fuel-burning engines with electric-power for motion.

fusion energy company 'Energy Singularity' has made the world’s first high-temperature superconducting tokamak device, reports TCD. It is located in the eastern region of Shanghai and is named ‘HH70.’ With this development, China made its foray into the fusion-based clean energy market. This device is an "artificial sun" because it works on the principle of the nuclear fusion of hydrogen atoms that occurs in the sun.

Koenigsegg is giving Bugatti a tough contest in terms of the 'world's fastest car', as a new Koenigsegg in testing is reported to reach a whopping 311mph, making it the best option to beat the current world record holder of the fastest car in the world, Bugatti. Koenigsegg Jesko Absolut's latest tests and simulation reports reveal that it is equipped to reach top speeds which have been untouched by other car manufacturers in the world till now, according to The Sun.

There were a number of reports last week about the prime minister and finance minister meeting with a government-funded think tank to discuss a variety of issues involving “generational fairness,” one of which was the introduction of a home equity tax.

Trillions of dollars stand to be passed via inheritance from the Silent Generation to Gen Xers over the next 10 years, and that will mean a lot of hirings and firings of financial advisors.