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21.08 / 08:44
21.08 / 08:20
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European shares trade flat; basic resources shine
European shares were flat on Wednesday as investors awaited the minutes of the Federal Reserve's July meeting to further gauge the mood of policymakers, while basic resources kept the index afloat. The pan-European STOXX 600 index held its ground at 512.74 points by 0711 GMT, after snapping a five-day winning streak in the previous session.
21.08 / 08:18
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Shree Cements shares up 0.15% as Nifty gains
Shree Cements Ltd. rose 0.15 per cent to Rs 24770.0 in Wednesday's trade. It hit an intraday high of Rs 24882.4 and low of Rs 24681.6, respectively, during the day. The stock quoted a 52-week high price of Rs 30710.15 and low of Rs 23525.0.
21.08 / 08:06
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Buy ICICI Bank, target price Rs 1400: JM Financial
ICICI Bank with a target price of Rs 1400. The current market price of ICICI Bank Ltd. is Rs 1177.25. ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 829883.24 Crore).
21.08 / 06:54
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Divis Labs shares up 3.1% as Nifty drops
<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 3.1 per cent to Rs 4868.0 in Wednesday's trade. It hit a high of Rs 4881.0 and low of Rs 4744.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3979.18, while the 50-DMA was at Rs 4650.57. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
21.08 / 06:49
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Shares of Tata Elxsi rise as Nifty gains
Tata Elxsi Ltd. gained 0.61 per cent to Rs 6967.8 in Wednesday's trade as of 11:46AM (IST). It hit a high of Rs 6994.3 and low of Rs 6917.0 during the session. The stock quoted a 52-week high price of Rs 9191.1 and a low of Rs 6406.6. The return on equity for the stock stood at 31.61 per cent. About 1,609 shares have changed hands on the counter so far.
21.08 / 06:38
Provident
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Justice
NCLT approves ICICI Securities' scheme of delisting from the bourses
ICICI Securities Ltd’s application for delisting the company from the stock exchanges on Wednesday. The division bench of Justice Virendra Singh G. Bisht and a technical member Prabhat Kumar, while approving the scheme in an oral order, also dismissed two applications that objected to the delisting scheme. The detailed order was not uploaded till the time of filing the story.
21.08 / 05:18
21.08 / 04:59
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us presidential elections
US Presidential Elections 2024: 'Hope is making a comeback', says Michelle Obama at DNC in Chicago
Michelle Obama returned to the political spotlight at the Democratic National Convention (DNC) with a powerful speech that resonated with echoes of her husband’s historic campaigns. She subtly criticized former President Donald Trump without naming him and strongly endorsed Kamala Harris as a presidential candidate, highlighting the themes of hope and unity. Opening her address, Michelle Obama detailed the challenges the nation is facing, stating, «America, hope is making a comeback,» which received a standing ovation from the audience.
21.08 / 04:58
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Buy HDFC Bank, target price Rs 1950: JM Financial
HDFC Bank with a target price of Rs 1950. The current market price of HDFC Bank Ltd. is Rs 1631.75. HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 1245982.19 Crore).
21.08 / 04:54
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Rupee falls 7 paise to 83.84 against US dollar in early trade
Indian rupee depreciated by 7 paise to 83.84 against the US dollar in early trade on Wednesday, tracking subdued domestic equity market trend and unabated outflow of foreign capital. A weak American currency and lower crude prices, however, supported the local unit and prevented its sharp fall, forex traders said. At the interbank foreign exchange, the rupee opened weak at 83.79 and lost further to 83.84 against the greenback, declining 7 paise from its previous days' closing level of 83.77.
21.08 / 04:51
21.08 / 04:35
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Buy Bank of Baroda, target price Rs 280: JM Financial
Bank of Baroda with a target price of Rs 280. The current market price of Bank of Baroda is Rs 254.3. Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 131533.60 Crore).
21.08 / 04:29
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Buy Bandhan Bank, target price Rs 260: JM Financial
Bandhan Bank with a target price of Rs 260. The current market price of Bandhan Bank Ltd. is Rs 197. Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 31721.61 Crore).
21.08 / 04:27
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Buy Axis Bank, target price Rs 1375: JM Financial
Axis Bank with a target price of Rs 1375. The current market price of Axis Bank Ltd. is Rs 1166.1. Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 360940.79 Crore).
21.08 / 04:03
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Nov
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US Elections: America waiting for better story, 'ready' for Kamala Harris presidency, says Barack Obama at DNC
US 'ready' for Harris presidency, said Obama to the crowd. «America is waiting for a new chapter, America is waiting for a better story. We are ready for president Kamala Harris, and Kamala Harris is ready for the job,» said the former US President at DNC. America's first Black president, Obama has thrown his considerable political capital behind Harris as she seeks to make history herself on Nov. 5 as the first woman and first Black and South Asian person to be elected U.S. president.
21.08 / 03:57
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Hot stocks: Brokerage view on Cyient, Varun Beverages and Avenue Supermarts
JP Morgan maintained an overweight rating on Cyient while BofA and UBS have a buy call on Varun Beverages and Avenue Supermarts respectively.
21.08 / 02:03
Action
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International
At RBI’s door for reprieve: Bunch of foreign banks want ease of storing data, ask for mandate to be applied prospectively from Jan 2025
foreign banks that operate in the country have approached the Reserve Bank of India (RBI) seeking prospective application of the guidelines on mandatory local storage of payments data from January 2025 with regard to information that’s already kept overseas. They have also sought a reprieve from any regulatory action until then. These guidelines, issued in 2018, mandate that all payment system data related to customers in the country must be stored solely in India. “Some foreign lenders have pressed for a prospective compliance date starting January 2025 to ensure all lenders can meet the regulations,” a senior foreign bank executive said, confirming a meeting with RBI officials on the data localisation issue.
20.08 / 21:36
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Justice
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Supreme Court questions Delhi HC order on sending Congress back to ITAT
Supreme Court that it has recovered outstanding taxes from the Congress. The I-T department had issued a demand notice to the Congress for recovery of nearly ₹105 crore as outstanding taxes. The development took place during the resumed hearing of a plea filed by Congress against a Delhi High Court order refusing to interfere with the order of Income Tax Appellate Tribunal (ITAT). However, the HC had permitted Congress to move a fresh application for stay before ITAT. The SC today questioned the rationale behind the high court sending the Congress back to ITAT and not exercising its own (HC) jurisdiction.
20.08 / 20:48
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Amit Shah to hold anti-naxal review meet on Aug 24
Home minister Amit Shah will review anti-Naxal operations and the progress of developmental works in Red corridors in seven Left Wing Extremism-affected states this week. According to highly-placed sources, Shah will hold the review meetings in Naya Raipur, the administrative capital of Chhattisgarh, on August 24 with chief secretaries and director generals of police of Maoist-affected Andhra Pradesh, Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Telangana. In the run-up to November 2023 Assembly elections, BJP had promised that if voted to power, it will end Naxalism within three years by 2026.
20.08 / 19:48
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As BJP weighs its options, Champai Soren leaves Delhi
JMM leader Champai Soren on Tuesday left Delhi for Ranchi. Soren was in the national capital since Sunday and a decision regarding his political future was expected. At present, Champai Soren is in no man's land. On Tuesday, Soren, before leaving, denied rumours of him being in touch with the BJP or even joining the BJP.
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