SUN Financial News

Biocon Ltd.(up 1.53 per cent), Laurus Labs Ltd.(up 1.43 per cent), Natco Pharma Ltd.(up 1.03 per cent), Sun Pharmaceutical Industries Ltd.(up 0.81 per cent) and Torrent Pharmaceuticals Ltd.(up 0.66 per cent) were among the top gainers. Granules India Ltd.(down 1.1 per cent), Abbott India Ltd.(down 0.85 per cent), Ipca Laboratories Ltd.(down 0.81 per cent), Divi's Laboratories Ltd.(down 0.72 per cent) and Alkem Laboratories Ltd.(down 0.7 per cent) were the top losers on the index.

If you have not bought your helmet yet, then you need to read this article where we share a list of the best Vega helmets in India. All of these helmets are up to the standards of the Bureau of Indian Standards (BIS) which means you can expect complete safety. Once you like a product, use the buying link given in the article to place your order.

The narrative began in January 1997 when Sergey Brin and Larry Page met at Stanford University, according to information on Google's own website. The responsibility of guiding Larry Page around the campus fell to Sergey Brin, who was a Ph.D.

Agro Phos(up 1.62%), Coromandel International(up 1.14%), ZUARIAGRO(up 1.04%), Nagarjuna Fertilizers & Chem(up 0.58%), Madhya Bharat Agro Products(up 0.36%), Sikko Industries(up 0.34%), Madras Fertlizers(up 0.32%) and Rama Phosphates(up 0.19%) were among the top gainers. Aries Agro(down 1.66%), Mangalore Chemicals & Fertilizers(down 1.34%), Fertilizers & Chemicals Tranvancore(down 1.20%), KRISHANA(down 0.77%), Rashtriya Chemicals & Fertilizers(down 0.74%), G S F C(down 0.74%), Chambal Fertilisers & Chemicals(down 0.52%), Paradeep Phosphates(down 0.49%), Southern Petrochemicals Industries(down 0.40%) and Khaitan Chemicals & Fertilizers(down 0.30%) were among the top losers.

Here’s some of the charts looking at what’s at stake: Indians make up nearly a fifth of immigrants to Canada, the highest share from a single place of birth since 1971, according to government data. However, remittances from Canada were less than 1% of the total flowing into India and this is in part due to immigrants permanently settling down in Canada and bringing over their families. Immigration accounts for 90% of Canada’s labor force growth as there is fast-aging working population.

Sensex fell 78 points to settle at 65,945, while the broader Nifty dropped 9.85 points to end at 19,664. Stocks that were in focus included names like Strides Pharma, which fell 1.84%, Tata Steel, which rose 1.22%, and Sun TV, whose shares declined 1.28% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Strides Pharma — Buy After consolidating in the range of 410-480 levels for th2 months from July 2023 price breached the consolidation range at 480 and gave a upside rally to make the 21 months highs of 522 odd levels. From the high price witnessed some correction and made a low around range high of 480 and with relatively high volume price gave some pull back to make news high of 550 odd levels. Stock looks good at current price as the volumes are on rise also price is trading above all three major averages and trading at 21 months higher level. The Stochastics Oscillator is also moving in an upward trend along with an increase in volume indicating further upside from here.

Sun Pharma promoter Dilip Shanghvi and Associates have decided to terminate the amended and restated shareholders' agreement with Suzlon Energy that was signed in February 2020. In a regulatory filing, Suzlon Energy said, «This is to inform that Dilip Shanghvi and Associates who had entered into an Amended and Restated Shareholders’ Agreement dated 28th February 2020 with the Promoters/ Promoter Group of the Company and the Company, have informed the Company and the other shareholders, who are party to the Agreement, that the investor group has decided to terminate the Agreement in accordance with the terms of the Agreement.» Suzlon added that there would not be any impact on the operations of the company on account of the termination of the agreement. With the termination of the agreement, the investor group's nominee director on Suzlon's board, Hiten Timbadia, has also resigned with effect from September 26, Suzlon added. In February 2020, Suzlon's board had approved the company's debt restructuring proposal and certain identified subsidiaries under the RBI circular dated June 2019. As part of the agreement, the company had issued up to 100 crore equity shares; up to 4.10 lakh or 0.01 secure optionally convertible debentures, and up to 50 crore warrants of Re 1 each. The board had also approved issuance of equity shares or equity linked instruments to the tune of Rs 1,000 crore. Those who were allotted the shares included Shanghvi Finance Pvt. Ltd., Aditya Medisales Ltd., other members of Dilip Shanghvi's family, among others.

Ram Temple Construction Committee chairperson Nripendra Mishra said the construction of the ground floor of the three-storey temple in Ayodhya will be completed by December-end and the consecration (pran pratishtha) ceremony is expected to take place on January 22, said a report by news agency PTI on Tuesday. Prime Minister Narendra Modi is expected to take part in an event related to the “pran pratishtha" on any day during January 20-24, said Mishra in an interview to PTI. The final date is yet to be communicated by the Prime Minister's Office, he added.

Russell Brand's 'refuge' platform, Rumble, faces the possibility of going offline due to impending safety regulations. This «free speech» website, which the comedian uses to host his videos, could potentially be compelled to cease its operations in the United Kingdom, according to a report. Rumble, a Canada-based platform, has come under scrutiny for its association with Russell Brand, who has been utilizing it to share videos while facing allegations of rape and sexual assault. Over the past year, Brand has been consistently uploading daily episodes of his «Stay Free» program on Rumble, following a partnership agreement, as per a report in The Sun. The stringent new regulations may compel Rumble's leadership to consider discontinuing its services in Britain, as suggested by a technology expert. Former Facebook executive Lord Allan of Hallam expressed his belief to The Times that this heightened regulatory environment might discourage Rumble's management from continuing operations in the UK, The Sun reported. Brand has a presence on Rumble, a video site popular with some conservatives and far-right groups, where his channel has 1.6 million followers. The site has been criticized for allowing— and at times promoting — disinformation and conspiracy theories, AP reported. Brand hosted a new broadcast on Rumble on Monday, saying the platform had made a “clear commitment to free speech."

Global cryptocurrency exchange Huobi was the victim of a cyberattack that resulted in the theft of 5,000 ETH worth approximately $7.9 million. 

The BSE Sensex rose 14 points or 0.02% to end at 66,023, while its NSE counterpart Nifty50 closed below the 19,700 level. From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top gainers. Kotak Bank, Asian Paints, and UltraTech Cement also closed higher.

BASIC FACTS DATE OF LAUNCH 7 MAY 1998CATEGORY EQUITYTYPE LARGE CAPAUM* Rs.1,593BENCHMARK NIFTY 100 TOTAL RETURN INDEXWHAT IT COSTS NAV** GROWTH OPTION Rs.387.13IDCW** Rs.84.35MINIMUM INVESTMENT Rs.5,000MINIMUM SIP AMOUNT Rs.150EXPENSE RATIO# (%) 2.16EXIT LOAD For units in excess of 12% of the investment,1% will be charged for redemption within 365 days*AS ON 31 AUG 2023 **AS ON 18 SEP 2023 #AS ON 31 AUG 2023FUND MANAGER ABHINAV SHARMA 4 MONTHSRecent portfolio changes New entrantsABB India, AU Small Finance Bank, Jio Financial Services (July). Cholamandalam Investment & Finance Company, Cummins India (Aug).Complete exits HDFC (July).Increasing allocationHavells India, HDFC Bank, Mahindra & Mahindra, Sun Pharmaceutical Industries (July).

Source- BloombergSource- BloombergSource- Bloomberg, JM Financial Research We continue to believe India’s decoupling with the world as far as equity markets are concerned which has started in the last 6 months will be sustained, because of the country’s resilient economic growth of 6-7% p.a. more than twice as much relative to the world; lower foreign debt dependence for its growth and very strong corporate profitability growth of over 15% CAGR next three years. In the longer run over a 20-year period history has shown all three sectors in India have given robust and similar returns to investors, ranging from a cagr of 15% to 17%.

The price band for the IPO has been fixed at Rs 113-119 a share. JSW Infrastructure is the fastest growing port-related infra company in installed cargo handling capacity and cargo volumes handled during FY21-23, and the second largest domestic commercial port operator by cargo handling capacity in FY23. Ahead of the IPO, the company raised Rs 1,260 crore through the allotment of shares to anchor investors. The company has allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece. About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes. SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares. Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement.

China swept the first gold medals at the Asian Games in Hangzhou on Sunday in a statement of intent on day one of the region's answer to the Olympics. China claimed the first gold when Zou Jiaqi and Qiu Xiuping dominated the women's lightweight double sculls rowing to kick off a medal rush for the home nation. The Chinese pair finished in 7min 6.78sec, with Uzbekistan's Luizakhon Islamova and Malika Tagmativa taking silver — almost 10 seconds behind. «I am very excited as it's my first Asian Games,» said Zou, clutching her gold medal. «Stepping on to the podium today is a new starting point to help us prepare for next year's Paris Olympics,» said Qiu. Indonesia's Chelsea Corputty and Rahma Mutiara Putri won bronze. The hosts soon doubled up on the rowing lake as the men's lightweight double sculls gold was won by Fan Junjie and Sun Man, who finished five seconds clear of India's Arjun Lal Jat and Arvind Singh. China won six of the seven golds at the Fuyang Water Sports Centre rowing venue on Sunday morning with only Hong Kong's Lam San-tung and Wong Wai-chun getting in on the party by winning the men's pairs. China's shooters also claimed the women's 10m team air rifle. The hosts' rip-roaring start to the 19th Asian Games, which end on October 8, continued as Sun Peiyuan won the first martial arts gold. Sun successfully defended his men's changquan wushu title from 2018, ahead of Indonesia's Edgar Xavier Marvelo with Macau's Song Chi-kuan third. «I'm so very excited, I'm lost for words,» said Sun. China won 10 of the first 11 golds in the early action on Sunday.King Qin makes splashSwimming is one of the highlights of the Games and will see seven finals later on Sunday at the Hangzhou Olympic Centre Aquatic Sports Arena,

OSIRIS-REx mission, spearheaded by NASA, is reaching a crucial milestone as it returns to Earth, bearing an exceptional sample harvested from the asteroid Bennu. Launched in 2016, this mission, officially named Origins, Spectral Interpretation, Resource Identification and Security–Regolith Explorer, achieved a historic feat when it successfully collected dust and pebbles from Bennu's surface three years ago.

Prime Minister Narendra Modi. The image shared on microblogging platform ‘X’ (Formerly Twitter) is made by Madhav Kohli, who has earlier also blended artistic expression with AI tools to create such mesmerising images. Kohli shared his creation on X with a caption that read, “Do you see him too?" Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! The image shared is that of a small and beautiful island against the backdrop of a sky filled with the rays of the setting sun.

fall equinox arrived on Saturday in the Northern Hemisphere and with this, the fall season began. But, what does it mean?

The company allotted 10,58,82,352 shares to anchor investors at Rs 119 apiece. About 11 mutual funds participated in the pre-IPO placement through a total of 28 schemes. SBI Mutual Fund, ICICI Prudential MF, HDFC Mutual Fund, Nippon India MF, Aditya Birla Sun Life MF, Sundaram MF, Franklin Templeton, UTI MF, Tata AMC, and Baroda BNP Paribas MF are the mutual funds that participated in the anchor placement of shares. Among foreign portfolio investors, the Government of Singapore was allotted 5.6% of the total anchor placement. The Monetary Authority of Singapore received around 1% of the total placement. Morgan Stanley was allotted 3.5% of the total anchor placement, while Goldman Sachs got 0.4% of the total size. Besides these, Sunil Singhania-owned Abakkus Investment was allotted around 2% of the anchor portion. The Rs 2,800-crore IPO will open for subscription on Monday and close on Wednesday.

tortoise species is unknown, biologists have said it could span upward of a century. So saving the endangered species is a long game — one that got another nudge forward on Friday as US wildlife officials finalised an agreement with Ted Turner's Endangered Species Fund that clears the way for the release of more Bolson tortoises on the media mogul's ranch in central New Mexico. The «safe harbour agreement» will facilitate the release of captive tortoises on the Armendaris Ranch to establish a free-ranging population.

Aviation experts say it was likely a visibility issue that caused two racing pilots to collide in mid-air while preparing to land in Reno last weekend