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16.07 / 08:40
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Info Edge shares fall 0.62% as Nifty gains
Info Edge (India) Ltd. traded 0.62 per cent down at Rs 6801.25 on Tuesday at around 01:29PM (IST), while the benchmark BSE Sensex advanced 110.3 points to 80775.16. As many as 2,733 shares changed hands on the counter with a total value of Rs 1.85 crore.
16.07 / 07:26
16.07 / 07:14
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Chola Inv Finance shares rise 0.07% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. traded 0.07 per cent up at Rs 1414.55 on Tuesday at around 12:23PM (IST), while the benchmark BSE Sensex advanced 135.87 points to 80800.73. As many as 4,934 shares changed hands on the counter with a total value of Rs 0.7 crore.
16.07 / 07:11
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Is it time to revisit IT stocks after a tough two-three year period? Sanjeev Prasad answers
«So, the conclusion, a lot of investors have probably drawn from whatever they have observed in the last three years and that is the reality for them, is that you will always make money in the market,» says Sanjeev Prasad, Kotak Institutional Equities. The party continues. I guess this one line captures the market mood at all. The party continues. The point is, how long will it continue? Sanjeev Prasad: It will continue. Good for everybody, I guess. What do you want me to say on this thing? I mean, I am not a forecaster who can forecast where prices will go or where things will move. The job is to forecast value or rather I should say estimate value, not forecast prices.
16.07 / 07:09
16.07 / 06:04
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Page Industries shares up 1.57% as Nifty gains
Page Industries Ltd. rose 1.57 per cent to Rs 41184.6 in Tuesday's trade. It hit an intraday high of Rs 41325.0 and low of Rs 40374.0, respectively, during the day. The stock quoted a 52-week high price of Rs 42850.0 and low of Rs 33100.0.
16.07 / 05:41
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Colgate-Palmolive
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Share price of Colgate-Palmolive jumps as Sensex gains 190.11 points
Colgate-Palmolive (India) Ltd. gained 0.47 per cent to Rs 3114.55 at 10:40AM (IST) in Tuesday's trade. The scrip has hit a high of Rs 3142.2 and low of Rs 3080.25 so far during the session. The stock had closed at Rs 3099.75 in the previous session. The counter has had a total traded volume of 6274 shares so far with a value of Rs 1.95 crore on the NSE. It traded at a price-to-earnings multiple of 64.12 and a price-to-book ratio of 27.81.
16.07 / 05:34
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Clandeno (CLD) ICO Gains Momentum as Bitcoin (BTC) Nears $60K and Solana (SOL) is Predicted to Reach $180
The cryptocurrency market is witnessing an exciting phase as major coins like Bitcoin (BTC) and Solana (SOL) show impressive price movements. Bitcoin is inching closer to the $60,000 mark, and Solana is predicted to reach $180, reflecting positive sentiments. Amidst this bullish wave, the Clandeno (CLD) Initial Coin Offering (ICO) is gaining significant momentum, attracting investors with its promising prospects for 2024. For more information on Clandeno’s presale, visit Clandeno.
16.07 / 05:32
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Budget 2024: Key GST-related challenges MSMEs expect to be addressed
Budget 2024 is eagerly awaited by various sectors of the economy, the Micro, Small, and Medium Enterprises (MSMEs) sector stands at the forefront for these expectations. MSMEs constitute the backbone of the Indian economy, contributing significantly to the GDP, to overall employment, and for exports. With the advent of the GST, MSMEs have had to navigate through new regulations and compliance requirements. In the past, the government introduced several initiatives, including introduction of quarterly returns and increase in turnover threshold to Rs 40 lakhs for supply of goods, aiming to boost MSMEs. Against the backdrop of some of the aforesaid relaxations, as per recent GST@7 survey conducted by Deloitte, 78% of MSMEs have endorsed GST. Tax compliance automation, e-invoicing and timely issuance of circulars/instructions on contentious tax issues, emerged as top performance areas for government in the survey. MSMEs demonstrate robust support (69%) for these initiatives compared with larger counterparts (which was around 60%)
16.07 / 03:19
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Dollar drifts as Powell comments bring September rate cut in focus
Federal Reserve Chair Jerome Powell bolstered the case for a rate cut in September, while cryptocurrenices gained on rising odds of former President Donald Trump getting reelected. Powell said on Monday the three U.S. inflation readings over the second quarter of this year «add somewhat to confidence» that the pace of price increases is returning to the Fed's target in a sustainable fashion.
16.07 / 02:50
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Buy-on-dips and sectoral rotation thesis in India to continue: Sandeep Tandon
«If I have to look at the complacency in the US particularly, particularly in technology, if I have to talk about the Nasdaq 100 instead of looking at the composite or even some narrow indices, we are seeing early signs or not even early signs; we are seeing that the complacency indicator has actually started spiking,» says Sandeep Tandon, Quant Mutual Fund. I know that your strategy, of course, is looking at sectors and stocks at those extreme inflection points. So, I am curious to understand your outlook when it comes to IT in particular. Do you believe that it has reached that inflection point? Would that be a contra call? What is the stance at the current juncture? Sandeep Tandon: Yes, it has reached a neglected territory some time back. In fact, you asked me if it was in September 2023 itself when you saw an extreme sort of neglected phase and some capitulation happened. Something happened at the beginning of the year also when the majority of analysts downgraded by the end of the first quarter of 2023-24. But I will also agree that when you look at it from the earnings visibility point of view or the traction point of view in the business, it is still on the lower side.
16.07 / 02:26
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LinkedIn to roll out its video offering in India
Professional community platform LinkedIn is set to launch its video offering in India, to tap into the burgeoning opportunity in the short-form video market which currently is worth $5.5 billion. LinkedIn has observed a 60% increase in video uploads in India, compared with 45% globally, which has given it the confidence that video could open new frontiers of engagement on the platform related to knowledge sharing, career coaching and professional development, LinkedIn vice-president of product management Gyanda Sachdeva told ET.
16.07 / 02:19
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Why your festive season flights will cost more this year
domestic passenger traffic in June at around 13.28 million, more than 6% from a year earlier, and nearly 10% above pre-covid levels; however, airline capacity deployment in June was up by just 7% on year and lower by 3% over May. Separately, one of the terminals of Delhi's international airport, the country’s largest and busiest, remains out of service.
16.07 / 02:18
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Trump shooter: Ex-classmates share details about shy, but ‘normal,’ gunman
Donald Trump are still unclear two days after the shocking incident, but details about the gunman’s past are slowly starting to trickle in.Thomas Matthew Crooks of Bethel Park, Pa., was shot and killed by the Secret Service after he opened fire on Trump from a rooftop just outside the Pennsylvania venue where the former president was holding a rally. The barrage of gunfire killed an attendee and injured two men.The man who died was former fire chief Corey Comperatore, of Butler County, Pa.
16.07 / 01:57
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Budget 2024: LTCG auditions for a new role in India realty show
immovable assets such as real estate to bring about uniformity. Currently, any capital gain from the sale of real estate held for 24 months or less is treated as a short-term capital gain. In contrast, the holding period threshold for listed equities and equity mutual funds is 12 months. The proposal suggests that property held for more than 12 months be considered long-term assets, bringing this in line with equities and equity mutual funds, a person privy to the deliberations told ET. However, there may not be any change in the tax rates for both long-term and short-term capital gain. The long-term capital gains tax on property is 20% with indexation benefits to adjust for inflation.
16.07 / 01:37
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Indian Oil Corp receives two bids for green hydrogen plant amid scrutiny and industry concerns
Indian Oil Corp (IOC) received just two bids to build the country’s first green hydrogen plant at its Panipat refinery in Haryana, said two industry executives aware of the development. This is in response to the second tender for the project, the first having been scrapped amid accusations of preferential treatment. One of the two bidders, GH4India, is a joint venture owned equally by IOC, ReNew and engineering major Larsen & Toubro. GH4India was formed in FY23 for development of green hydrogen and its derivatives, including green ammonia and methanol, besides production and associated renewable assets. Repeat of Last Year
16.07 / 01:14
markets
COST
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pandemic
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Indian AI startups funding plunges 91% to $8.2 million in Q2
Funding for AI startups in India stood at $8.2 million in the April-June quarter, declining about 91% sequentially and by 82% year on year, data sourced by ET from market tracking firm Tracxn showed. This, however, comes on a nearly 110% sequential growth in funding in the previous quarter, and 56% in the quarter ended December 2023.
15.07 / 21:30
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'The Decameron': Netflix brings new historical drama bigger than 'Bridgerton'. Here are details
Netflix has a new rival that might be even more compelling than its well-liked series Bridgerton. The streaming giant's newest product, 'The Decameron', will launch on July 25. According to Yahoo Entertainment, this new series aims to recreate the same charm that initially made Bridgerton a smash, but with its own twist and historical context.
15.07 / 21:25
Waters
President
shooting
show
social
rights
Videos
Did Simpsons predict Donald Trump’s assassination? Here is what a fact-check reveals
Cartoon maker Simpsons is in news yet again. After the attempted assassination of former US President Donald Trump, a cartoon from the show has gone viral. It shows the former president dead and lying in a coffin. The social media was abuzz with many retrieving this image and comparing the incident to the cartoon. Was Simpsons prescient about an impeding event? The former US President was attacked by a gunman who has been identified as Tom Crooks. He shot Trump with a Sniper rifle and was gunned down by the US Secret Service. The image from Simpsons went viral before one of the fact-checking organizations commented on it. What did they say?
15.07 / 20:15
15.07 / 20:09
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Sporting
Prince William spotted throwing 'amusing insult' by lip-reader during Euro 2024 finals, all you need to know
Prince William is as much a sports freak like you are. Not only he is an avid soccer lover, he also spearheads the management of England's FA, and also leads from the front while rooting for the national team. Prince William was as much invested in England's road to the Euro Cup 2024 finals, as the players and England boss Gareth Southgate were. A proof of his excitement and indulgence in the sport came in when a lip-reader caught him throwing an old-fashioned insult during a tense conversation around the Euro Cup finals, as England were battling to win against Spain, but ultimately failed to do so after an 86th minute goal by their formidable opponents.
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