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Havells India Ltd. traded 0.76 per cent down in Wednesday's trade at 01:49PM (IST).

Nitin Gadkari on Tuesday ignited concerns in the industry when he suggested he may propose levying an additional 10 per cent ‘pollution’ tax on sales of diesel vehicles. Well-intentioned as the warning may have been for it seeks to curb the black smoke on roads in one of the most polluted countries, automobile companies and investors were not enthused. Gadkari warned that just like India pushed through stricter fuel emission norms against opposition from the industry, it will similarly drive up taxes to push out diesel vehicles. “Today (Tuesday) evening, I am scheduled to meet Union Finance Minister (Nirmala Sitharaman).

The man, Manohar Shukla, allegedly murdered his 28-year-old girlfriend, Naina Mahat, her Naigaon residence on August 9. Manohar's wife, Poornima, allegedly helped him in helping him stuff the body in a suitcase. According to police, the couple then traveled over 150 kilometers on a scooter, carrying the lifeless body of Naina in a suitcase. To further avoid suspicion, they also brought along their two-year-old daughter. The grim details of the murder came to light during the investigation into a missing person complaint lodged by the victim's sister in mid-August. Manohar Shukla was taken into custody from his residence in Vasai, while his wife, Poornima, was arrested later in connection with the case. During questioning, Manohar revealed that he had taken this extreme step because Naina Mahat, a hairstylist who occasionally worked in the film industry, had refused to withdraw two complaints filed against him in 2019, one for rape and another for assault.

Read here: India's retail inflation eases to 6.83% in August from 15-month high peak in July; remains above RBI's tolerance band Among states, the inflation rate in Delhi was the lowest of all, while that in Rajasthan was the highest, the data showed. The inflation rate in Delhi for the month of August 2023 was 3.09%, followed by Assam at 4.01% and West Bengal at 4.79%. Inflation rate in the Union Territories of Jammu & Kashmir and Ladakh combined was at 5.45%, while in Chhattisgarh it was 5.52%, data by Press Information Bureau showed.

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says For the midcap index, the reading was at around 89 on the day before’s close. Yesterday's closing, it has come back to 63 and right now live, it is trading at 60. For the small cap index, the similar thing would be the day before, it would have been at 87.98. After yesterday's close, it is down to 59 and right now also it is at around 59. As mid and smallcap indices are coming very close to the 20-day moving average, we will expect them to get support and bounce back over the next couple of days.”Yesterday's fall and today's follow-up activity, how do you read it?This is part of a minor correction in what is a bigger trend in favour of mid and smallcaps. We have to view it from both the short term time horizon and the long term time horizon. In the short term, indicators like the RSI is hitting overbought but what that usually means is we get a one day knee-jerk reaction, maximum two days and then that is it, because then it takes only two days for the RSI to come off from something like 85-87 which is an extremely overbought state to something like a 65-66 or even 60 which we have already seen yesterday and are further seeing today. Both the mid and smallcap indices now are coming very close to the 20-day moving average and that is more significant because that is where we will expect them to get support and bounce back over the next couple of days.

Varun Beverages Ltd. dropped 0.51 per cent to Rs 914.25 at 01:39PM (IST) in Wednesday's trade.

₹20,245 crore in August, the Association of Mutual Funds in India (Amfi) data showed. Investors poured in a record ₹15,813 crore in August through systematic investment plans (SIP) last month. Decoding the reasons behind the surge in net inflows for equity mutual funds Mukesh Kochar, National Head - Wealth Management, AUM Capital attributed it to the result of an extraordinary run-up in the equity market.

AMFI showed. This was well above the average monthly addition of 2.2 million over the past two years, led by a renewed investor interest amid the market rally. The benchmark indices have gained nearly 16% in the past six months fueled by domestic and foreign inflows. The monthly SIP addition remained above three million for the second month in a row. The SIP addition was 12.5 million accounts in the past 12 months. The net addition in August was 1.6 million, the highest in 23 months. The total SIP account tally reached a record 69.7 million. The monthly inflow in the SIP funds was Rs 15,814 crore in August while the average ticket size was Rs 2,269 per account, the highest in 19 months. Given the past 12-month cumulative SIP inflow of Rs 1.7 lakh crore, the assets under management (AUM) of the SIP linked funds reached Rs 8.5 lakh crore.

Indian Hotels Company Ltd. traded 2.09 per cent down at Rs 411.75 at 12:58PM (IST) on Wednesday, even as BSE benchmark Sensex gained 253.79 points to 67474.92. The stock had closed at Rs 420.55 in the previous session.

IndusInd bank reached a settlement and have withdrawn insolvency litigations. "Coffee Day Global and IndusInd bank told the Chennai bench of National Company Law Appellate Tribunal (NCLAT) on September 13 that they have reached a settlement and that the two parties have withdrawn insolvency litigations. NCLAT took their submissions on record and set aside the order admitting Coffee Day Global to insolvency," Moneycontrol reported.

American singer said in her acceptance speech. The show, held at the Prudential Center in Newark, New Jersey, was Swift's from nearly the beginning. The night's first presenters were none other than NSYNC, who reunited to hand the Best Pop Video award to Swift, PTI reported.

Ganesh Chaturthi with great enthusiasm in states like Maharashtra, Uttar Pradesh, Odisha, and Karnataka. It will be observed from September 19 to September 28, a ten-day hindu festival. In the span of 10 days, Ganesha will serve with all his favorite dishes and all will perform bhajans and kirtans.

RBI) and bond investors even though it remained above the RBI's target range of 2-6 per cent. As Mint reported earlier, quoting data released by the Ministry of Statistics and Programme Implementation (MoSPI), food inflation, measured by the Consumer Food Price Index, which accounts for nearly half of the overall consumer price basket, slowed to 9.94 per cent in August from 11.51 per cent in July. Core inflation at 4.8 per cent remained in line with the market’s expectations.

PI Industries Ltd. traded 0.06 per cent up in Wednesday's trade at 12:02PM (IST).

«If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year,» says Harsha Kadam, MD & CEO, Schaeffler India.Let us start off with the acquisition. What kind of revenue and margin impact do you see?Well, at the point time when we made the acquisition, Koovers already had a turnover of about Rs 77 crores and we have bought the company at about 140 odd crores. And we have a clear strategy to scale this up and as I mentioned earlier, today Koovers is operating only in the South of India and we want this to be scaled up to a pan-India level. So, obviously this can only mean an upward growth in the sales volumes.But last quarter you did see strong performance in the auto aftermarket and industrials, which was partly offset I guess by the muted show in auto OEMs. Are you seeing any recovery in that segment?If I were to look at the production and sales numbers of, let us say, the automotive OEM segment, particularly the passenger vehicles, both the sales and the production numbers for the month of August show an increase of almost 12% over the same period last year.

«See, the cautiousness is about the economic recovery or the growth which I also mentioned that we are very confident about that,» says Vinit Sambre, DSP Mutual Fund.There is a Goldman Sachs report yesterday which talks about cash levels with mutual funds on an average of between 4 to 5%. And that is slightly higher than historical averages. So can I safely say that even if markets they correct, then is enough and more cushioned which will come from domestic investors A, cash levels are high, B, SIPs are strong?Yes, so that is what I was saying that the small falls will be actually bought into because there is a lot of optimism.

In a major milestone for the electronic conveyancing market, the first property transactions have been settled using both of the competing electronic lodgment network operators, Property Exchange Australia (PEXA) and Sympli.

Voltas Ltd. gained 0.73 per cent to Rs 882.0 at 11:47AM (IST) in Wednesday's trade.

Kim Jong Un told Russian President Vladimir Putin on Wednesday that his country offers its “full and unconditional support” for Russia’s “sacred fight” to defend its security interests, in an apparent reference to the war in Ukraine, and said Pyongyang will always stand with Moscow on the “anti-imperialist” front. Through a translator, Kim called North Korea’s relations with Russia “the first priority.” Putin in his opening remarks welcomed Kim to Russia and said he was glad to see him. Putin listed economic cooperation, humanitarian issues and the “situation in the region” among the agenda items for their talks. Talks between Russian President Vladimir Putin and North Korean leader Kim Jong Un began on Wednesday at the Vostochny cosmodrome, Russian state news agency Tass reported. The talks, which included their delegations, began shortly after Putin and Kim toured various facilities at the cosmodrome, including two launch pads. The leaders met at the remote Siberian rocket launch facility for a summit that underscores how the two leaders’ interests are aligning in the face of their separate, intensifying confrontations with the United States. The two men began their meeting with a tour of a Soyuz-2 space rocket launch facility, at which the North Korean leader peppered a Russian space official with questions about the rockets. Kim's meeting with Putin came hours after North Korea fired two ballistic missiles toward the sea, extending a highly provocative run in North Korean weapons testing since the start of 2022, as Kim used the distraction caused by Putin’s war on Ukraine to accelerate his weapons development. South Korea’s Joint Chiefs of Staff didn’t immediately say how far the North Korean missiles flew.

«There are actually no any big negative signs or any big negative triggers which can spiral into a problem as of now but I am saying that the world is in a very disorderly state,» says Vinit Sambre, DSP Mutual Fund.Enough and more has been discussed and debated that where and why midcap stocks are up. But after the sharp selloff yesterday, do you think we are nearing the end of the party for mid and the small cap stocks for an extended period of time? Is the party over so the Cinderella's of the world be worried now?I think it is extremely tough to really make out of these daily moves and the way current sentiments are around the midcap, small cap stocks, the kind of flows which we are seeing in these categories, I would say that these small corrections will be really bought into and people may not really give up till the time there are, let us say, bigger triggers. I mean, there are actually no any big negative signs or any big negative triggers which can spiral into a problem as of now but I am saying that the world is in a very disorderly state.