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Crypto All-Stars ($STARS) is making headlines in its presale, having already raised over $900,000 in just three weeks.

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Nifty 50 closed higher for a thirteenth consecutive session on Monday, its longest-ever rally, led by gains in IT stocks on hopes of a U.S. rate cut and as shares of consumer goods companies rose on a prediction of good monsoon rains. The benchmark Nifty 50 index ended 0.17% higher at 25,278 points and the BSE S&P Sensex rose 0.24% to settle at 82,559. Both hit all-time highs.

Delhi High Court has permanently restrained Taj Iconic Membership's managing director from using «Taj» name in its contents, corporate name, logo in a trademark suit filed by the Tata group of companies. The court directed the transfer of the domain name of Taj Iconic to IHCL. Justice Mini Pushkarna said "...it is apparent that the use of the various contents and photographs available on the plaintiff's (IHCL) website, by the defendant (Taj Iconic) in relation to business activities, has the effect of inducing the consumers and members of the trade to falsely believe that the defendant has a direct nexus or affiliation with the plaintiff.” “Further, the fraudulent and illegal trade activities of the defendant has also the effect of causing incalculable harm and injury to the business, goodwill and reputation associated with the plaintiff‟s associated mark,” the HC said, while directing the managing director of Taj Iconic to pay damages of to the tune of Rs 10 lakh and cost of Rs 5 lakh to IHCL, which is a part of the Tata group of companies.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

₹51 crore from the previous quarter, while write-offs themselves rose by ₹105 crore over the same period. Abhijit Chakravorty, chief executive of SBI Cards, told analysts in a conference call: “The primary reasons for the increase in credit cost…is that customers obtained multiple trade lines from other lenders after taking a card, and this over-leveraging has impacted their repayment capacity." The credit card business is a tough one and can be highly cyclical. Importantly, the business in general is the canary in a coal mine for economic conditions.

The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect it has on farmers’ terms of trade. Some have opined that it is a settled issue and there is no point in opening it up.

Nifty ended Monday’s session with a gain of 43 points to form a small negative candle with a minor lower shadow on the daily chart. The short-term trend of Nifty is intact. Though Nifty is placed at the hurdles of around 25,350 levels (1.382% Fibonacci extension), still there is no indication of any significant reversal pattern building at the highs. A decisive move only above 25,400 could open the next upside target of 25,800 levels. Immediate support is placed at 25,100, said Nagaraj Shetti of HDFC Securities.

IPO) of Shree Tirupati Balajee Agro Trading will open for subscription on September 5. The company has fixed a price band of Rs 78-83 for the public offer, which will close on September 9. The IPO includes a Fresh Issue of up to 1.47 crore shares and an offer for sale (OFS) of up to 56.9 lakh shares by Binod Kumar Agarwal.

capital on Monday due to tepid demand from local jewellers and retailers. The precious metal of 99.9 per cent purity had closed at Rs 74,350 per 10 grams in the previous session on Friday. Silver also tumbled by Rs 1,700 to Rs 85,500 per kg due to reduced offtake by industrial units and coin makers, according to the All India Sarafa Association.

Domestic benchmark index NSE Nifty ended 42.8 points up at 25278.7, while the BSE Sensex closed 194.07 points up at 82559.84.

Shares of Brigade Enterprises Ltd.(up 3.04 per cent), Sobha Ltd.(up 2.84 per cent), DLF Ltd.(up 0.38 per cent) and Macrotech Developers Ltd.(up 0.03 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 42.8 points up at 25278.7 amid buying in frontline bluechip counters.

Shares of Balkrishna Industries Ltd.(up 2.33 per cent), Hero MotoCorp Ltd.(up 2.26 per cent), Bajaj Auto Ltd.(up 2.16 per cent), Apollo Tyres Ltd.(up 1.31 per cent) and Maruti Suzuki India Ltd.(up 0.2 per cent) ended the day as top gainers in the pack.

oil exporter Saudi Arabia is expected to cut prices for most of the crude grades it sells to Asia in October after Middle East benchmark Dubai slumped last month, industry sources said on Monday. The October official selling price (OSP) for flagship Arab Light crude is expected to fall between 50 and 70 cents a barrel, three of five refining sources said in a Reuters survey, to track a similar trend for Dubai price spreads last month. Such a price cut would also reflect weak refining margins especially in China where sluggish manufacturing and property sectors are squeezing fuel demand, the sources said.

«We do not see any major upheaval in either direction negative or positive in the second half. Earnings are probably the most stable we have seen in the last two or three years,» says Seshadri Sen, Emkay Global Financial Services. Well, I am just going through your latest note and it seems like you have raised your target for the Nifty all the way to 26,000 now for September 25. Earlier it was close to 22,000 for June 25. Is it just the market momentum that has made you change it because we are very close to that mark already or do you see a further uptick in the fundamentals versus what you anticipated earlier? Seshadri Sen: No, the primary driver is that there were a few speed bumps that we were anticipating in the first half and those played out. The market through those speed bumps quite strongly. But we are looking at a much smoother ride in the second half in terms of fundamentals which is why we raised our multiple and that cascaded into a raised Nifty target.

Bharat Electronics Ltd. fell 1.26 per cent to Rs 295.6 in Monday's trade as of 01:18PM (IST) even as the benchmark Nifty ruled at 25257.2, up 21.3 points. The scrip had closed at Rs 299.4 in the previous session. The stock quoted a 52-week low of Rs 127.0 and a high of Rs 340.35. The company quoted a market-cap of Rs 215930.87 crore on the BSE.

The company reported a narrower consolidated net loss of Rs 57 crore for the quarter ended June 30, 2024, from Rs 90 crore reported by the company in the year-ago period.

₹300 crore, as per current reports on shareholdings, he is often referred to as the ‘Nawab of Dalal Street.’ Damani is bullish on India and believes the next 20 years will be better than the previous 20 years, for both the country’s economy and stock markets. In a recent media interview, Damani said he is not a large-cap or small-cap investor, that he is agnostic to the market capitalisation of stocks. But he always wants to buy value.