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Olectra Greentech rose 3% to Rs 1,345 in Thursday's intraday trade on BSE after the electric bus manufacturer awarded a contract to Megha Engineering & Infrastructures (MEIL) for the construction of a greenfield electric vehicle manufacturing facility in Telangana. «We would like to inform you that, the Company has awarded a contract for the construction of the greenfield electric vehicle manufacturing facility on 150 acres of land situated at Seetharampur, Hyderabad, Telangana to Megha Engineering & Infrastructures (MEIL) which is the ultimate holding company and a related party to Olectra Greentech Limited,» the company said in an exchange filing. As per the contract, construction of the greenfield EV manufacturing facility will be completed within 12 months from the date of approval of the shareholders (July 19, 2023).

Tube Investments of India Ltd. traded 0.42 per cent down in Thursday's trade at 10:51AM (IST). Around 534 shares changed hands on the counter.

MPs on Thursday submitted suspension of Business Notice in Rajya Sabha and adjournment motion notice in Lok Sabha to discuss ongoing violence in Manipur. This comes a day after a May 4 video showing two women being paraded naked by some men in Manipur surfaced on social media.  The monsoon session of the Parliament will commence today, and it is expected to be a stormy one.

During the 2022 economic environment that saw both stocks and bonds decline in historic fashion, driving down assets under management across the financial planning industry, organic growth stood out as a bright spot for the industry.

foreign portfolio investors (FPIs) made net purchases of Indian shares worth 306.60 billion rupees ($3.74 billion) in the first half of July.  As reported by Reuters, persistent FPI inflows have supported the rally in the blue-chip Nifty 50 and S&P BSE Sensex, driving the benchmarks to record highs. The Nifty 50 rose nearly 2% in the first half of July. Since March, foreign portfolio investors (FPIs) have invested in Indian shares worth 1,393.50 billion rupees, contributing to a 13% increase in the Nifty 50 index from March 1 to July 15.

In Asia, markets also had their focus on China's loan prime rate (LPR) decision, where it is expected to keep the lending benchmarks unchanged after the central bank stood pat on a key policy rate earlier this week. The British pound was last 0.02% lower at $1.2936, after tumbling more than 0.7% on Wednesday in the wake of data that showed Britain's high rate of inflation falling more than expected in June to its slowest in over a year at 7.9%. That pulled back market expectations of further aggressive rate hikes from the Bank of England (BoE), with the prospect of UK rates rising above 6% now likely off the table.

Oil prices slipped in early Asian trade on Thursday, extending the previous session's losses, as the dollar strengthened and on profit-taking after U.S. crude oil stocks fell less than expected. Brent futures dipped 14 cents, or 0.2%, to $79.32 a barrel by 0001 GMT, while U.S.

Inflation in the U.K. has fallen by more than anticipated to a 15-month low in a development that offered struggling homeowners hope that interest rates will not rise as much as feared over the coming months

Quran stormed the Swedish Embassy in Baghdad early Thursday, online videos purported to show. The videos showed demonstrators at the diplomatic post waving flags and signs showing the influential Iraqi Shiite cleric and political leader Muqtada Sadr. It wasn't clear if there were any staff inside the complex at the time.

Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sending shares tumbling more than 5% in after-hours trading. The revenue figure, along with a weaker-than-expected forecast for revenue in the third quarter, overshadowed the addition of 5.9 million new streaming customers from April through June and earnings that easily topped predictions. Shares of Netflix were down 5.6% after the results at $451 apiece.

Investing.com-- Oil prices steadied in Asian trade on Thursday, coming under pressure from concerns over sluggish U.S. summer demand and economic weakness in China, while a recovery in the dollar also weighed. 

AFP further reported. In response, the Russian defence ministry stated that any ships travelling to Ukrainian ports in the Black Sea would be treated as possible carriers of military cargo. Furthermore, the flag states of these vessels would be considered as taking part in the Ukrainian conflict on the side of the Kyiv regime.

rate of return in US stocks is likely to run out of steam, according to Sanford C. Bernstein strategists.US equities are now expected to show an annualized total return of 4% over the next decade, much lower than the 12% seen in the previous 10 years, strategists Sarah McCarthy and Mark Diver wrote in a note. Their projection is based on one valuation measure: a long-term cyclically-adjusted price-to-earnings ratio, known as the Shiller PE.

Exchange traded funds sold in Europe by DWS and Vanguard pulled in more than $16bn over the first six months of 2023, with the two asset managers gathering the most new money behind BlackRock’s giant iShares business.

shares extend gains for the fifth straight session aided by sustained foreign fund inflows. Gains in Reliance Industries ahead of the demerger of the financial services arm, ITC, financial heavyweights, cement, and consumer durables helped the Sensex close above 67,000 for the first time. Gains were, however, limited as investors remained concerned about India's stock market valuations.

IndusInd Bank surged nearly 4% in Wednesday's trade to its highest level in over two-and-a-half years as the private lender's better-than-expected first quarter earnings prompted analysts to increase their price targets on the stock. IndusInd shares settled at ₹1,420.70 on the NSE, up 2.19% from the previous close.

Nasdaq, the premier tech-based stock exchange in the US, announced on Wednesday that it has put its highly anticipated cryptocurrency custody service on hold due to changing regulatory conditions.

Eleven wild horses have died in the first 10 days of a big mustang roundup in Nevada

A federal judge says that his order blocking a Florida law targeting drag shows doesn’t just apply to the restaurant that brought a lawsuit challenging it but other venues in the state

Investing.com — Oil bulls might need a new scapegoat if the market doesn’t perform to their expectations.

Australia have been left to rue several missed chances to push home their case for a drought-breaking Ashes series win in England, after going to stumps at 8-299 on day one of the fourth Test.