Track Financial News
29.05 / 11:39
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Nifty Bank falls more than 600 points; next big support placed at 48,000: Experts
Nifty Bank fell more than 600 points to break below 49,000 on Wednesday tracking muted global cues and now the big support is placed at 48,000. The banking index fell 640 points to close at 48,501 while the Nifty50 was down 183 points to close at 22,704.
29.05 / 11:27
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Agra woman mowed down by train after jumping onto railway track to scare live-in partner
ALSO READ: IRS officer arrested after woman's body found hanging at his Noida flatThe incident occurred around 11:08 pm on Monday at the Raja Ki Mandi railway station in Agra.Before the incident, Rani had a heated argument with her live-in partner, Kishore.Both partners argued over Kishore’s drinking habits, and as the verbal fight escalated, Rani threatened to commit suicide by jumping in front of a train. During the argument, Rani led Kishore to Raja Ki Mandi railway station, where they both sat on chairs at platform No 2.Later, in a dramatic turn of events, the woman jumped on the railway tracks and threatened to commit suicide.ALSO READ: Karnataka: Horrific stabbing in Hubbali after woman rejects advancesShe did not see the Kerala Express train coming on the tracks in time and, while trying to climb back onto the platform, got stuck between the train and the platform.Railway Police Force (RPF) personnel immediately swung into action, pulled Rani out from under the train, and rushed her to SN Medical College, where she succumbed to her injuries during the treatment.Her body had been sent for a post-mortem.Rani was in a relationship with Kishore for more than a year.According to an India Today report, Inspector Samar Bahadur, in charge of the GRP Cantonment, said that Kishore told them that Rani had a troubled past, including the death of her ex-husband due to his excessive drinking habits.
29.05 / 10:47
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Traffic
Goods train derailed near Mumbai, railway operations affected
Western Railway has cancelled or rescheduled several trains following the derailment of a goods train at Palghar railway station in Maharashtra and the restoration work is on more than 15 hours after the incident, officials said on Wednesday. Seven wagons of the goods train derailed at Palghar, located around 100 km from Mumbai, at 5.08 pm on Tuesday, affecting the traffic of Mumbai-bound trains coming from Gujarat, a railway spokesperson earlier said here. No casualties were reported. The goods train with 43 wagons and carrying iron coils was heading to Karambeli in Gujarat from Visakhapatnam.
29.05 / 06:35
markets
UPS
Provident
Target
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track
As JK Lakshmi Cement pushes the pedal on capex, beware debt pinch
₹1,200 crore of capex in FY25, ₹1,000 crore in FY26, and ₹1,200 crore in FY27. The capex guidance for listed subsidiary Udaipur Cement Works Ltd was set at ₹300 crore for FY25. For comparison, the combined capex of JK Lakshmi and Udaipur Cement Works was around ₹1,010 crore in FY24.
29.05 / 03:39
markets
security
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track
Updates
Sensex Today Live Updates : Sensex, Nifty down at pre-open, tracking weak global cues; ABFRL, Amara Raja, Wockhardt eyed
ABFRL, Amara Raja, Tata Steel, Brigade, NBCC, Wockhardt, are a few stocks likely to be in focus on Wednesday, May 29.Sensex Today Live : The Indian stock market, represented by the Sensex and Nifty 50 indices, is set to continue its downward trend and open lower on Wednesday, influenced by weak global indicators.The Gift Nifty, a key indicator of the Indian benchmark index, also signals a negative start, trading around the 22,830 level. This represents a nearly 90-point discount from the previous close of Nifty futures.On Tuesday, the Indian equity market extended its losing streak for the third consecutive session.
29.05 / 03:39
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country
Stock Market: What sectors will benefit from monsoon 2024?
inflation.As we know, India is an agricultural economy. The country has a unique competitive advantage with the largest arable land area and is the second-largest wheat and rice producer. Most farmers still depend on the monsoon rain to cultivate food.
28.05 / 16:25
28.05 / 15:27
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inflation data
Stocks gain as inflation data is in focus
Stocks edged higher as markets reopened in Europe and the US with traders looking to inflation prints and central bank speakers for hints on the timing of interest-rate cuts.
28.05 / 15:13
Racing
show
track
reports
Features
Royal Enfield unveils Flat Track 450 at London Bike Shed Moto Show 2024: All details
Royal Enfield Flat Track 450 sheds superfluous components in favor of a leaner physique. Noteworthy alterations include lighter body panels, a distinct handlebar, and a revamped suspension setup featuring telescopic front forks and a monoshock rear.
28.05 / 15:13
markets
Provident
Target
Digital
President
track
reports
PayPal is planning an ad business using data on its millions of shoppers
PayPal hopes to boost its growth by starting an ad network juiced with something it already owns: data on its millions of users. The digital payments company plans to build an ad sales business around the reams of data it generates from tracking the purchases as well as the broader spending behaviors of millions of consumers who use its services, which include the more socially-enabled Venmo app. PayPal has hired Mark Grether, who formerly led Uber’s advertising business, to lead the effort as senior vice president and general manager of its newly-created PayPal Ads division.
28.05 / 13:25
Target
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love
track
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rights
Tempted to try a no-buy year? Here are tips from people doing it
Many people start no-buy challenges at the beginning of the year and commit to keep going until the end of it
28.05 / 12:41
awards
Marvell
film
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students
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Features
The singular achievement of ‘All We Imagine As Light’ at Cannes
All We Imagine as Light wasn’t even supposed to be in Competition at the 2024 Cannes Film Festival. Payal Kapadia’s film was ‘upgraded’ from Un Certain Regard. The narrative was supposed to be about participation.
28.05 / 09:31
UPS
Metro
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pandemic
track
exclusive
Metro Brands is treading on soft demand track after dull Q4
₹17 crore, which the company aims to clear by the end-of-season sale in the September quarter (Q2FY25). Metro is optimistic about realizing higher-than-carrying value from this inventory. As such, Metro has been trimming the fat, shutting down many Fila stores with just three exclusive brand outlets (EBOs) operational as on March-end.
28.05 / 09:09
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International
New railway line to connect Noida Airport with Palwal and Chola for connectivity to Kolkata, Mumbai, and Chennai
regional connectivity, a new 60 km railway line has been proposed between Chola in Bulandshahr and Rundhi in Palwal. This line aims to link Noida International Airport with major routes to Howrah, Chennai, and Mumbai, a TOI report stated. Officials from North Central Railway have recommended connecting the proposed tracks to the airport’s ground transportation center through an underground channel. The new line will have junctions at Chola, merging with the Delhi-Howrah line, and Rundhi, extending to the Delhi-Chennai/Mumbai route. This strategic alignment will facilitate trains from the airport to travel in multiple directions.
28.05 / 08:13
UPS
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track
reports
Department
I-T dept asks taxpayers to link PAN with Aadhaar by May 31 to avoid higher TDS deduction
income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid tax deduction at a higher rate. As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate. Last month, the income tax department issued a circular stating that no action will be taken for short deduction of TDS in case the assessee links his/her PAN with Aadhaar by May 31. «Please link your PAN with Aadhaar before May 31, 2024, if you haven't already, in order to avoid tax deduction at a higher rate,» the department posted on X.
27.05 / 21:49
Target
film
Instagram
stage
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stars
Updates
Fast XI: Here is the latest update about Vin Diesel starrer movie’s filming
Vin Diesel, the star of the Fast and Furious franchise, recently shared an update on the filming of 'Fast XI' on Instagram, hinting at the final chapter's exciting developments. The upcoming movie is set to continue the adrenaline-fueled saga, picking up after the events of 'Fast X,' where Dom Toretto and his family faced a formidable new villain. Filming
27.05 / 16:49
Citi
Election
SPY
track
reports
politician
Telangana snooping case: Ex-DCP 'confesses' phone tapping of those who posed threat to BRS govt, say reports
India Express cited sources as saying that Radhakishan Rao admitted to his involvement in conducting surveillance on politicians and others under the directions of the then Telangana Special Intelligence Bureau (SIB) chief T Prabhakar Rao.Meanwhile, NDTV reported that Rao claimed devices belonging to media "industry bigwigs, retired cops, and politicians [including from then-ruling BRS] were hacked and monitored".
27.05 / 16:25
UPS
Platform
Strategy
Pool
Healthcare
track
India is a key focus for EQT's mid-market growth fund
Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.
27.05 / 16:25
COST
Parke
Interface
track
social
reports
New fund transfer norms led to savings: Finance minister Nirmala Sitharaman
₹25,500 crore in the last few years.Sitharaman said in a social media post that new norms were introduced for transferring Central grants to autonomous bodies and various implementing agencies from FY18, leading to savings of more than ₹15,000 crore till date. This is due to a new interface to release funds ‘just in time’ to these bodies through their accounts with the Reserve Bank of India, which helped in lowering the borrowing cost for the Central government. This mode of transfer, using what is called a treasury single account, is also now leveraged for releasing funds for Central sector schemes to implementing agencies, having an outlay of more than ₹500 crore.
27.05 / 14:45
UPS
Provident
Opinion
Cardiovascular
performer
track
Features
Best Gym Treadmill: Best Gym Treadmill: Top 8 picks with the latest features for effective home workout session
Best manual treadmill: Top 10 options to boost your home workout experience, pick from the budget-friendly optionsThe MAXPRO PTM405M Treadmill combines functionality and versatility, powered by a 4 HP peak DC motor. It supports a speed range of 1 to 14 km/hr, making it suitable for various training regimes.
27.05 / 11:57
markets
Target
security
Sustainability
track
country
reports
Suzlon Energy: Anand Rathi bullish on turnaround story, retains 'buy' rating
Suzlon Energy with a price target of ₹58 apiece, emphasising the company's notable market position in India's wind turbine sector and the company's achievement with net cash totaling ₹11.4 billion in FY24, marking the first instance since FY06. The brokerage said that the country's wind capacity installations are on track to rise to 8–9 GW by FY27, given the government’s insistent thrust and traction from commercial and industrial demand.The brokerage said that the company has faced turbulence in the past due to weak demand and high debt, hurting its prospects.
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