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25.06 / 06:45
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Tata Power shares down 1.15% as Nifty gains
Tata Power Company Ltd. traded 1.15 per cent down in Tuesday's trade at 11:41AM (IST). Around 424,523 shares changed hands on the counter. The stock opened at Rs 435.7 and touched an intraday high and low of Rs 437.9 and Rs 430.45, respectively, in the session so far. Shares of the company of Tata Power Company Ltd. quoted a 52-week high of Rs 464.3 and a 52-week low of Rs 216.35.
25.06 / 06:45
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InterGlobe shares fall 1.42% as Nifty gains
InterGlobe Aviation Ltd. traded 1.42 per cent down at Rs 4253.2 on Tuesday at around 11:46AM (IST), while the benchmark BSE Sensex advanced 195.37 points to 77536.45. As many as 6,868 shares changed hands on the counter with a total value of Rs 2.94 crore.
25.06 / 06:05
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Why does India have a housing glut and shortage at the same time?
In a recent interview to The Indian Express, G. Hari Babu, national president of National Real Estate Development Council (Naredco)—a real estate industry association—shared some interesting data: “There are 1.14 crore flats lying vacant in India. These are being bought as investment opportunities." This is not the first time such a comment has been made.
25.06 / 05:55
25.06 / 05:43
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Voltas shares fall 0.22% as Nifty gains
Voltas Ltd. traded 0.22 per cent down at Rs 1507.3 on Tuesday at around 11:05AM (IST), while the benchmark BSE Sensex advanced 231.42 points to 77572.5. As many as 9,194 shares changed hands on the counter with a total value of Rs 1.39 crore.
25.06 / 05:43
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Pidilite Ind shares up 1.01% as Nifty gains
Pidilite Industries Ltd. traded 1.01 per cent up in Tuesday's trade at 11:11AM (IST). Around 59,487 shares changed hands on the counter. The scrip opened at Rs 3105.0 and touched an intraday high and low of Rs 3140.45 and Rs 3105.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 3232.3 and a 52-week low of Rs 2293.1.
25.06 / 05:31
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International
Gold Price Today: Yellow metal opens at Rs 71,712/10 grams, silver at Rs 88,858/kg
silver July futures contracts opened at Rs 88,858/kg falling by Rs 141 or 0.16%. On Monday, gold and silver settled on a mixed note in the international as well as the domestic markets. On MCX, the gold August futures contract settled at Rs 71,791 per 10 grams with a gain of 0.29%, and the silver July futures contract settled at Rs 88,999 per kilogram with a loss of 0.16%.
25.06 / 05:25
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Share price of Varun Beverages jumps as Sensex gains 201.86 points
Varun Beverages Ltd. gained 0.36 per cent to Rs 1584.85 at 10:35AM (IST) in Tuesday's trade. The stock hit a high of Rs 1599.95 and low of Rs 1572.0 so far during the session. The stock had closed at Rs 1579.15 in the previous session. The counter had a total traded volume of 10:35AM shares so far with a turnover of Rs 59.62 crore on BSE. The stock traded at a price-to-earnings multiple of 94.81 and a price-to-book ratio of 23.16.
25.06 / 01:41
25.06 / 01:41
25.06 / 01:41
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China, EU are open to talks on plans to hike tariffs on Chinese EVs
Officials say that China and the European Union are open to holding talks on the EU's recent decision to sharply raise tariffs on imports of Chinese-made electric vehicles
25.06 / 00:49
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Mint Primer: How China beat the US to No.1 in trade with India
Mint looks at how trade between the two Asian giants has evolved and why it is proving to be so difficult for India to decouple itself from its neighbour. In FY24, bilateral trade grew 4% to $118.4 billion from $113.8 billion in FY23. India-US trade in the same period declined by 8.6% to $118.3 billion.
24.06 / 22:33
Google
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Amazon Prime Day 2024: Google announces new updates to shopping tools ahead of summer sales season
Google has recently changed its algorithms and is now planning on rolling in some new updates for its shopping search tools ahead of the summer sales season, including Amazon Prime Day 2024 sales. The new updates attempt at giving shoppers a much better user experience when they arrive on the search site to browse their product of choice. The new update will in fact help users find the cheapest deals and the lowest price amongst retailers, based on the similar products, says USA Today.
24.06 / 22:17
24.06 / 21:53
24.06 / 21:41
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Inflation data coming with big implications for Bank of Canada. What to expect
The Bank of Canada will be scrutinizing May inflation figures this week as it gauges whether it can deliver back-to-back interest rate cuts.
24.06 / 21:34
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boating
No reason to abandon bull market yet, says Federated Hermes strategist
It’s been pretty smooth sailing for stocks so far in 2024 with the S&P 500 returning over 15 percent and the VIX bumping along at historic lows. And judging from the market’s fundamentals, there’s no reason right now for financial advisors to rock the boat in the second half, according to Steven Chiavarone, head of the multi-asset group at Federated Hermes.
24.06 / 20:55
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RBI’s overseas gold holding touches a six-year low
gold reserves parked overseas dropped to the lowest in six years at the end of March--47% of the total—since it started accumulating the precious metal in December 2017. Data show that the RBI started bringing the gold to India in March 2022, coinciding with the start of the Russia-Ukraine war. This is in line with the trend of central banks globally that have turned cautious after the US government froze Russian foreign currency assets as the conflict began in February 2022. News that the RBI had brought back 100 tonnes of gold from the UK to India emerged at the end of last month. Governor Shaktikanta Das said this was because there is enough domestic storage capacity and nothing more should be read into it. At the end of March, the RBI’s total gold holdings amounted to 822.1 tons. A December 2023 survey by global investment manager Invesco of 57 central banks and other asset managers showed that they had increased exposure to gold 8-10 years ago, keeping it London and using it for swaps and to enhance yields, but that they were now moving the reserves back to their own countries, underscoring its role as a safe-haven asset. From 50% in 2020, the share of gold reserves held in their own countries is estimated to have gone up to 68% by December 2023 and will likely rise to 74% within the next five years, according to the survey.
24.06 / 20:20
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SBI plans to raise Rs 10,000 crore via infrastructure bonds on Wednesday
State Bank of India plans to raise up to Rs 10,000 crore through the issuance of 15-year infrastructure bonds as the country’s largest lender looks to garner long-term capital at a time when demand for loans continues to outstrip growth in deposits. SBI is aiming to issue infrastructure bonds on Wednesday with a base size of Rs 5,000 crore and a greenshoe option of Rs 5,000 crore, market sources said. The maturity date of the bonds is June 27, 2039, sources said. Bidding will take place from 10:30-11:30 am IST on Wednesday.
24.06 / 12:36
24.06 / 10:29
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Citi
Software
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Bengaluru emerges as a hub for machine learning engineers
Naukri.com. Vacancies for HR generalists surged 53% and that of operations managers by 45%. Full stack data scientists also reported a 36% rise, reflecting rising demand for data-focused roles.
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