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Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.

NEW DELHI : The nearly three-month-long election process slowed down the construction of highways in the first two months of fiscal year 2024-25 despite the Centre front-loading capital expenditure, showed data from the ministry of road transport and highways (MoRTH). The highway construction fell by12% to 1,288 kilometres in April-May from 1,465km in the year-ago period, showed the data. Besides, the government awarded only one 4km road project during the two months, compared to road projects of 382 km a year ago “due to the imposition of the Model Code of Conduct", the road ministry said in an office memorandum on Friday.

According to data from the Office for National Statistics (ONS), quarterly GDP rose by 0.7% in the first quarter of 2024 (January to March), up from an initial estimate of 0.6%. The rise was mainly driven by the services sector, which grew by 0.8% in the quarter, followed by production, which recorded 0.6% growth in the first three months of 2024. The construction sector, however, fell by 0.6%. Overall, GDP estimates showed a 0.3% increase in quarterly figures compared to the same quarter a year ago. Cautious optimism as UK GDP turns positive in January Meanwhile, the ONS highli...

Pune police chief Amitesh Kumar had a proactive role in the investigation into the Porsche crash and there was nothing to suggest that action should be taken against him. Fadnavis made the assertions during a debate on the high-profile case raised through a calling attention notice. During the debate, Leader of Opposition Vijay Wadettiwar demanded the Pune police commissioner's resignation. Conceding that there are issues of "use of money to buy justice", Fadnavis said, «This should not be allowed. We have to see how laws can be strengthened further. The issue is serious but there is no need to defame Pune police. They have taken action in the case. Erring police officials have been punished.» He said Pune Police Commissioner Amitesh Kumar had a proactive role in the probe into the accident and nothing has come up to suggest that he should face action.

SBI Cards and Payment Services Ltd. rose 1.04 per cent to Rs 722.55 in Friday's trade. It hit an intraday high of Rs 735.0 and low of Rs 721.0, respectively, during the day. The stock quoted a 52-week high price of Rs 892.75 and low of Rs 649.0.

ICICI Lombard General Insurance Company Ltd. traded 0.51 per cent up at Rs 1803.9 at 01:29PM (IST) on Friday, even as BSE benchmark Sensex gained 14.59 points to 79257.77. The stock had settled at Rs 1794.6 in the previous session. The stock quoted a 52-week high price of Rs 1814.7 and 52-week low of Rs 1266.0, respectively. As per BSE data, total traded volume on the counter till 01:29PM (IST) stood at 7939 shares with a turnover of Rs 1.42 crore.

A massive sinkhole, stretching more than 30 metres across and approximately 15 metres deep, opened up in an Illinois park Wednesday, swallowing a light pole and several benches and leaving a huge crater in its wake.

Ashok Leyland Ltd. traded 0.26 per cent down in Friday's trade at 12:18PM (IST). Around 289,518 shares changed hands on the counter. The scrip opened at Rs 240.7 and touched an intraday high and low of Rs 243.85 and Rs 240.7, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.

PI Industries Ltd. traded 0.3 per cent down at Rs 3812.6 on Friday at around 12:23PM (IST), while the benchmark BSE Sensex declined 46.26 points to 79196.92. As many as 5,478 shares changed hands on the counter with a total value of Rs 2.1 crore.

MphasiS Ltd. traded 0.21 per cent up at Rs 2445.75 at 12:28PM (IST) on Friday, even as BSE benchmark Sensex gained 21.97 points to 79265.15. The scrip had settled at Rs 2440.55 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 2835.0 and Rs 1834.0, respectively.

AIMIM (All India Majlis-e-Ittehadul Muslimeen) Chief Asaduddin Owaisi on Friday criticized the Central government and Delhi Police for their response to the alleged vandalism at his residence. On the alleged attack at his residence on Friday, Assaduddin Owaisi said, «It has not happened for the first time. Things like this are happening because the Narendra Modi government and the PM himself have radicalised such people. When the PM himself says that Muslims are infiltrators and identify them by their attires, it gives courage to such people». «They put the flag of Israel on my home which shows these people believe in zionist ideology, an ideology that killed 40,000 people and left 12 lakh people homeless in Gaza,» he added.

Britain's economy grew 0.7% in the first three months of this year compared with the previous quarter, above an initial estimate of 0.6% growth, official figures showed on Friday. The figures come less than a week before Britons vote in an election which opinion polls suggest will see Labour Party leader Keir Starmer replace Conservative Prime Minister Rishi Sunak.

ICICI Prudential Life Insurance Company Ltd. traded 0.63 per cent up in Friday's trade at 11:42AM (IST). Around 12,534 shares changed hands on the counter. The scrip opened at Rs 605.4 and touched an intraday high and low of Rs 609.25 and Rs 598.85, respectively, in the session so far. Shares of the company of ICICI Prudential Life Insurance Company Ltd. quoted a 52-week high of Rs 640.8 and a 52-week low of Rs 463.5.

Jubilant Foodworks Ltd. traded 1.58 per cent up at Rs 560.95 at 11:47AM (IST) on Friday, even as BSE benchmark Sensex gained 290.26 points to 79533.44. The scrip had closed at Rs 552.2 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 586.35 and Rs 420.85, respectively.

Bigg Boss OTT 3' contestant Armaan Malik's polygamous relationship with his two wives, Payal and Kritika Malik. Rakhi expressed her disapproval in a viral video, questioning Uorfi's defense of polygamy.

On Thursday, gold and silver settled on a positive note in the international as well the domestic market. On MCX, gold August futures contract settled at Rs 71,572 per 10 grams with a gain of 0.68% and silver july futures contract settled at Rs87,048 per kilogram with a gain of 0.10%

The counter has had a total traded volume of 109733 shares so far with a value of Rs 10.96 crore on the NSE. It traded at a price-to-earnings multiple of 71.79 and a price-to-book ratio of 23.03.

Stock Market News: The key domestic equity indices, the Sensex and the Nifty 50, opened Friday's trading at new all-time highs. Reliance Industries, the oil-to-telecom behemoth that has led this week's advances, was once again in the spotlight following the announcement of tariff hikes by its telecom subsidiary Jio.In the initial trading, the Nifty 50 started up 41.40 points, or 0.17%, at 24,085.90, while the Sensex rose 214.40 points, or 0.27%, to 79,457.58.Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, believes that the Sensex might reach 80,000 due to market momentum.

India is set to lure billions of dollars more inflows when JPMorgan Chase & Co. adds the nation’s government bonds to its emerging markets index on Friday, opening up a $1.3 trillion market to a broader range of investors. Global funds have already poured close to $11 billion into index-eligible bonds since JPMorgan’s announcement in September. The US bank expects $20 billion to $25 billion to come in over the next 10 months, raising foreign ownership to 4.4% from 2.5% currently.

GMP), initial public offerings are driving FOMO (fear of missing out) like never before on Dalal Street. So far in the six months of the calendar year 2024, SME IPOs have skyrocketed over 1,500%. Out of the 110 SME IPOs that have listed in the first half of 2024, a vast majority of 87 have given positive returns while 43 of them have at least doubled money from their offer price, shows data pulled from the records of PRIME Database.

Red Chillies Entertainments posted a Rs 85 crore net profit for the fiscal year ended March 31, 2023, compared with a loss of Rs 22 crore in the previous financial year, according to the company’s latest regulatory filings. Revenue rose 2.3 times to Rs 300 crore from Rs 130 crore in FY22, the filings with the Ministry of Corporate Affairs showed. The privately held company has yet to report results for the fiscal year through March 2024.