Show Financial News

Madhya Pradesh, Haryana, Tamil Nadu, Bihar and West Bengal have emerged as top five states with highest placement of skilled workers compared to other bigger states with higher number of certified candidates, suggesting greater demand for skilled workers in these states. As per the official data of the Pradhan Mantri Kaushal Vikas Yojana since the launch of the scheme in 2015, Madhya Pradesh provided jobs to 30.7% of its skill certified candidates under PMKVY followed by Haryana (29.6%), Tamil Nadu (27.6%), Bihar (25.4%) and West Bengal (24.7%).

jewellery and has potential to become the market for the world, CK Venkataraman, MD, Titan Company, said that all the circumstances are in the country’s favour. “It is what the industry can shape into.

Gurmeet Chadha, CIO & Managing Partner, Complete Circle Consultants, says “SBI’s gross NPAs were Rs 91,000 crore. They are still about Rs 90,500 odd crore. Even the net NPA number is marginally up by Rs 1,000 crore.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Sakar Healthcare hit a 20% upper circuit at Rs 324.6 in Friday's trade on BSE as the Tata Healthcare Fund bought a 10.8% stake in the company. Sakar Healthcare informed stock exchanges of the company’s decision to raise nearly Rs 60 crore via allotment of over 23,09,910 equity shares at an issue price of Rs 259.75 per equity share on a preferential basis (Private Placement). Most of the funds via this fundraising would be used to reduce debt and for the acquisition of land and building.

Tube Investments of India Ltd. dropped 0.53 per cent to Rs 3040.65 at 02:00PM (IST) in Friday's trade. The stock hit a high of Rs 3079.0 and low of Rs 3008.4 so far during the session.

DMRC) has announced that commuters can now pay for tokens at ticket vending machines and customer support centres using the Unified Payments Interface (UPI). Passengers can now use mobile applications that enable UPI on their smartphones to pay for smart card recharges and metro QR ticket purchases at its stations throughout the Delhi-NCR network. According to the DMRC press release, “DMRC was the first Metro system in the country to initially start this UPI facility on select TVMs on Noida and Ghaziabad section in 2018 which is now being extended further on the network. With the current exercise, TVMs at over 125 stations have already been upgraded across the Metro network offering a faster, more convenient, and secure mode of payment to streamline ticketing services and contribute to the overall modernization of public transportation in Delhi/NCR while the remaining TVMs with UPI facility will be extended within a week’s time.”

Bank of Baroda traded 0.39 per cent up at Rs 194.0 at 01:29PM (IST) on Friday, even as BSE benchmark Sensex gained 434.32 points to 65675.0. The scrip had settled at Rs 193.25 in the previous session. The stock quoted a 52-week high price of Rs 210.8 and 52-week low of Rs 113.35, respectively.

mutual fund industry is doing. Some of this praise is directed towards you too, dear reader. For your SIP more than anything.

₹100,000 mark each trading day. Maintaining the tempo, the MRF stock hit a new 52-week high of ₹1,11,775.95 apiece on Friday as investors gave a thumbs up to the June quarter (Q1FY24) performance beat on key metrics. For example, revenue at ₹6,323.3 crore exceeded consensus estimates of ₹5,900 crore, likely aided by stable domestic demand and market share gains.

Delhi High Court on Friday sought a response from the Centre, Election Commission of India, and 26 political parties on a petition seeking to restrain opposition parties from using the acronym INDIA for their alliance. Opposition bloc INDIA (Indian National Developmental Inclusive Alliance) comprising 26 parties was announced at a meeting in Bengaluru, Karnataka on July 17-18 to take on the ruling NDA in the 2024 Lok Sabha elections. A bench of Chief Justice Satish Chandra Sharma and Justice Amit Mahajan issued notices to the ministries of Home Affairs and Information and Broadcasting, ECI and 26 political parties on the petition, saying that the matter needs to be heard.

Shree Cements Ltd. gained 0.48 per cent to Rs 24217.85 at 12:43PM (IST) in Friday's trade. The counter has hit a high of Rs 24290.0 and low of Rs 24019.45 so far during the session.

Dixon Technologies jumped 17% in the last two trading sessions on BSE after the government restricted imports of electronic items such as laptops, tablets and personal computers. Meanwhile, in Friday's trade, shares of Dixon Technologies surged 8.4% to hit a new 52-week high of Rs 4,813 on BSE. In its notification, the Directorate General of Foreign Trade (DGFT) restricted the import of laptops, tablets, all-in-one personal computers and ultra-small form factor computers and servers.

DLF Ltd. gained 0.66 per cent to Rs 491.4 at 11:52AM (IST) in Friday's trade. The counter has hit a high of Rs 494.05 and low of Rs 488.55 so far during the session.

mutual funds failed to beat their respective benchmarks in the last three years. The three-year performance is significant because ELSS funds come with a mandatory lock-in period of three years. Most investors take a call on whether to continue with their schemes based on their performance during the lock-in period. ELSSs or equity linked saving schemes help investors to save taxes under Section 80C of the Income Tax Act. Investors can save a maximum of Rs 1.5 lakh in a financial year by investing in these schemes. The category manages assets worth Rs 1.71 lakh crore. The category has lost some of its popularity after the government introduced the new income tax regime that doesn’t need mandatory investments like ELSS to save taxes. An ETMutualFunds study showed that around 57% ELSS funds failed to beat their respective benchmarks in the three-year horizon. We analyzed the performance of around 37 ELSS schemes that have completed three years in the market and found out that 21 schemes failed to beat their respective benchmarks. In other words, only 16 schemes could beat their benchmarks.

Bharat Forge, part of the casting & forging industry, recorded a breakout from a 2-year consolidation phase on the weekly charts recently which could push the stock above Rs 1,000 levels in the next 2-3 months, suggest experts. The stock has been hovering in a narrow range where Rs 900-920 acted as a stiff resistance while on the downside levels above Rs 740 acted as crucial support on the weekly charts. The stock did witness a breakout earlier this week when it touched a record high of Rs 937 on 1st August 2023, but it failed to hold on to the momentum.

Varun Beverages Ltd. traded 1.57 per cent up in Friday's trade at 10:51AM (IST). Around 24,897 shares changed hands on the counter.

FPIs) bought Indian shares worth 466.18 billion rupees ($5.63 billion) on a net basis in July, data from the National Securities Depository Ltd (NSDL) showed on Friday. This is the highest monthly FPI inflows since August 2022. Sustained FPI inflows have powered the uptick in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs.

ANI, the announcement followed a meeting with parliamentary leaders during a dinner event held to honour the members of parliament. The discussions during the gathering revolved around the current political situation in the country, as per The Express Tribune's report. As reported by ANI, during the gathering, Prime Minister Shehbaz actively sought input from the attendees and engaged in discussions about the appointment of a caretaker prime minister and the caretaker setup.

Crompton Greaves Consumer Electricals Ltd. gained 1.22 per cent to Rs 295.75 at 10:30AM (IST) in Friday's trade.

The American economy has generated at least 200,000 new jobs for a record 30 straight months