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Vistara flight from Delhi made a priority landing here on Wednesday due to a «minor» technical issue, the airline said. The aircraft landed safely and is currently undergoing inspection, it added. «Shortly before landing, a minor technical snag was detected on Vistara flight UK 995 that was operating from Delhi to Mumbai on 14 August 2024,» a Vistara spokesperson said in a statement. As a precautionary step, the pilots requested the Air Traffic Controller for «priority landing», and landed safely at Mumbai's Chhatrapati Shivaji Maharaj International Airport, Vistara said without sharing the number of people on board.

Real estate developers and financial institutions are cautiously optimistic about growth in the realty sector in the next six months amid geopolitical uncertainties, according to Knight Frank-NAREDCO. Real estate consultant Knight Frank and realtors' body NAREDCO released 41st edition of the Knight Frank-NAREDCO Real Estate Sentiment Index Q2, 2024 (April-June 2024) report, showing that the current sentiment index score has moderated to 65 from its all-time high of 72 in Q1, 2024. The future sentiment score declined to 65 from 73. «While both current and future sentiments remain firmly in the positive zone suggesting a continued belief in the sector's long-term prospects, the scores reflect a more tempered view on recent real estate growth, influenced by election and budget speculations,» Knight Frank said. The adjustment in the future sentiment index reflects a positive yet more conservative outlook for the near term.

rupee ended nearly flat on Wednesday as U.S. dollar demand from importers and foreign banks eroded the currency's early gains that came due to growing expectations of rate cuts by the Federal Reserve. The rupee closed at 83.9475 against the dollar, little changed from its close at 83.97 in the previous session.

Mahanagar Telephone Nigam Limited (MTNL), in a press release, made several announcements after a board meeting was held on Wednesday. These announcements included agreements and approvals of proposed sales. MTNL entered a service agreement with BSNL for a 10-year period. The agreement can be revoked by mutual consent of the two parties by giving a six-month notice.

Mazagon Dock Shipbuilders on Wednesday reported a 121% YoY jump in its profit after tax (PAT) to Rs 696 crore for the quarter ended June 2024. The same stood at Rs 314.30 crore in the year-ago period. The revenue from operations for the period was reported at Rs 2,357 crore against Rs 2,172.76 crore in the first quarter of the previous financial year. This is an increase of 8.5% on a year-on-year basis.

Hindustan Aeronautics Ltd (HAL) reported a consolidated net profit of Rs 1,437 crore for the first quarter ended June 2024, marking a 77% increase from Rs 814 crore reported in the same quarter last year. Revenue from operations during the same period increased 11% year-on-year (YoY) to Rs 4,347 crore against Rs 3,915 crore in the corresponding period of last year.

International students in Singapore can now apply for permanent residency (PR) as soon as they pass at least one national exam, such as the PSLE or GCE ‘N’/’O’/’A’ levels. The Primary School Leaving Examination (PSLE) is an annual national exam taken by students at the end of their final year of primary school education in Singapore. The Singapore-Cambridge General Certificate of Education Advanced Level (GCE A-Level) exam can be taken not only by school students, but also other candidates. Prior to the current change, students had to wait for at least two years after course completion before applying for PR. Additionally, students enrolled in an integrated program are also eligible to apply.

Balrampur Chini Mills Ltd.(up 1.33%) and KM Sugar Mills Ltd.(up 0.40%) were among the top gainers.

REC Ltd. traded 1.1 per cent down at Rs 563.0 at 12:12PM (IST) on Wednesday, even as BSE benchmark Sensex gained 162.85 points to 79118.88. The scrip had settled at Rs 569.3 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 653.9 and Rs 216.45, respectively.

India's palm oil imports rose more than 37% in July from the previous month to about 1.1 million metric tons, a trade body said on Wednesday. Imports of soyoil gained 42% to 391,791 tons and sunflower oil imports fell 21.3% to 366,541 tons, with total vegetable oil imports up 22.2% to 1.9 million tons, the Solvent Extractors' Association of India (SEA) said in a statement.

United Spirits Ltd. dropped 0.8 per cent to Rs 1391.0 at 11:52AM (IST) in Wednesday's trade. The scrip hit a high of Rs 1407.1 and low of Rs 1391.0 so far during the session. The stock had closed at Rs 1402.35 in the previous session. The counter had a total traded volume of 11:52AM shares so far with a turnover of Rs 0.25 crore on BSE. The stock traded at a price-to-earnings multiple of 71.79 and a price-to-book ratio of 11.55.

Ashok Leyland Ltd. traded 1.62 per cent down at Rs 247.65 on Wednesday at around 11:57AM (IST), while the benchmark BSE Sensex advanced 148.69 points to 79104.72. As many as 331,895 shares changed hands on the counter with a total value of Rs 8.29 crore.

HDFC Asset Management Company Ltd. gained 0.8 per cent to Rs 4178.15 at 10:10AM (IST) in Wednesday's trade. The stock hit a high of Rs 4198.0 and low of Rs 4117.95 so far during the session. The stock had closed at Rs 4144.7 in the previous session. The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 0.75 crore on BSE. The stock traded at a price-to-earnings multiple of 43.16 and a price-to-book ratio of 11.32.

Piramal Enterprises on Tuesday reported a 64% decline in its June quarter net profit to ₹181 crore, impacted because of a higher base due to a one-off item last year. The non-bank lender had reported a consolidated net profit of ₹509 crore in the year-ago period. Its CEO Jairam Sridharan said the year-ago performance included a ₹850 crore benefit from a stake sale in a Shriram Group entity, and added that the performance has been stable in the reporting quarter this year. The core net interest income grew 18% to ₹807 crore on the back of a 10% increase in the overall assets under management to ₹70,576 crore, while the net interest margin narrowed to 6.7% from 7.3% in the year-ago period.

Shares of state-owned hydropower company SJVN surged by up to 9% to a day's high of Rs 148.85 on the BSE on Wednesday. This rise followed the company reporting a 31% year-on-year increase in its consolidated net profit, reaching Rs 357.09 crore for the June quarter, due to higher income. The company had reported a net profit of Rs 271.75 crore during the April-June period of the preceding financial year, the company said in an exchange filing.

Vedanta Ltd. gained 0.94 per cent to Rs 426.7 at 10:15AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 428.5 and low of Rs 421.35 so far during the session. The stock had closed at Rs 422.7 in the previous session. The counter has had a total traded volume of 236125 shares so far with a value of Rs 10.04 crore on the NSE. It traded at a price-to-earnings multiple of 31.99 and a price-to-book ratio of 3.29.

ICICI Lombard General Insurance Company Ltd. rose 1.44 per cent to Rs 1975.45 in Wednesday's trade. It hit an intraday high of Rs 1975.45 and low of Rs 1942.15, respectively, during the day. The stock quoted a 52-week high price of Rs 2032.0 and low of Rs 1266.0.

assembly elections, the state governments of Maharashtra, Jharkhand and Haryana are readying to launch direct cash transfer schemes for women this month. The practice started with the BJP government in Madhya Pradesh last year and since then, the parties in power have relied on cash handouts to women voters in a bid to stay in power. In Maharashtra, the Eknath Shinde-led government has announced the Mukhyamantri Majhi Ladki Bahin scheme, under which women in the age group of 21-60 years will get ₹1,500 per month. Following the debacle in the Lok Sabha election, the state government has set aside Rs 25,000 crore for the scheme. It has planned to credit the first two instalments for July and August before Raksha Bandhan, which falls on August 19.

EPF) Scheme, which will reduce the time and effort on the part of the members while providing facilities such as online submission of applications, validation of applications and transfer of past accumulations of the subscribers. «This facility will benefit at least 1 lakh members of 70 establishments to transfer the accumulations of almost ₹1,000 crore, as and when their surrenders are admitted,» labour and employment minister Mansukh Mandaviya said at the launch. He said the online facility will replace the earlier system of physical submission with voluminous documents and allow the establishment to track the applications with a tracking ID.

smartphone shipments in the April-June quarter. While IDC and Canalys say the market grew 3.2% and 1% year-on-year, respectively, Counterpoint Research and CMR estimate shipments to have declined 2% and 4%. All experts, though, say a muted consumer demand and rising average selling prices will continue to drag overall recovery of the market. Text by Subhrojit Mallick QUARTERLY HIGHLIGHTS (IDC)

Nirmala Sitharaman on Tuesday defended the extant taxation regime, highlighting that the pressure of meeting several challenges and compelling spending requirements, including for research and development, are preventing the government from slashing tax rates. The minister called on academics to apply for more and more patents to cash in on the commercial value of such knowledge while benefiting society at large. She was speaking at a convocation ceremony of the Indian Institute of Science Education and Research in Bhopal. «There are times when being the finance minister, it doesn't give me motivation when I have to answer people about why our taxes are like this? Why can't we even be lower than this?» she said.