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12.07 / 20:13
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Japan stock ownership by foreigners rises to record 31.8%
record 31.8% of Japanese stocks as of end-March, an industry survey showed on Tuesday, as a joint push by the Tokyo Stock Exchange and government for better corporate governance boosted the market's allure. The proportion rose from 30.1% a year earlier, and was the most since the Japan Exchange Group, which runs the Tokyo bourse, began conducting the survey in 1970.
12.07 / 20:11
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Shares of Trent rise as Nifty drops
Trent Ltd. gained 0.94 per cent to Rs 5618.4 in Thursday's trade as of 10:30AM (IST). It hit a high of Rs 5664.85 and low of Rs 5550.0 during the session. The stock quoted a 52-week high price of Rs 5664.85 and a low of Rs 1657.25. The return on equity for the stock stood at 36.55 per cent. About 9,658 shares have changed hands on the counter so far.
12.07 / 20:03
12.07 / 20:02
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Stock market update: Nifty IT index advances 1.17%
Shares of Coforge Ltd.(up 2.46 per cent), Wipro Ltd.(up 2.06 per cent), Infosys Ltd.(up 1.91 per cent), Tata Consultancy Services Ltd.(up 0.99 per cent) and HCL Technologies Ltd.(up 0.82 per cent) ended the day as top gainers in the pack.
12.07 / 19:57
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India looks to match world average for share of women in workforce
India is readying a blueprint to enhance the participation of women in the national workforce to the global average, which the government considers crucial to achieve its developed nation goal by 2047. Proposals under consideration include incentives to create employment, development of the care economy, and enabling easier access to finance to encourage more women to join the labour force, said people aware of the deliberations. Discussions have commenced between the ministries of women & child development and labour & employment, as well as the Niti Aayog on possible interventions, they said. The budget to be introduced this month could capture some of these ideas.
12.07 / 19:51
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Earthquake of magnitude 4.4 hits Leh in Ladakh
earthquake of magnitude 4.4 on the richer scale hit Leh in Ladakh on Wednesday, said the National Center for Seismology (NCS). According to the NCS, the epicentre of the earthquake was located at Latitude 36.10 North, Longitude 74.81 East, at a depth of 150 kilometres. The earthquake hit Leh on Wednesday at 8:12 a.m.
12.07 / 19:45
BLOCK
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Olympics
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ESPN
Neeraj Chopra opts out of Paris Diamond League: Report
javelin throw star Neeraj Chopra has opted out of this Sunday's Paris Diamond League, citing the adductor niggle that has been troubling him for the past couple of months, according to a report. Speaking to 'ESPN', Chopra said he is focussing on training and strengthening his blocking leg. «I need to strengthen my blocking leg when I throw because that's when my groin gets pulled. We're working on that to see how we can reduce the impact on the groin and control the pressure on it,» he said, explaining the issue for which he will consult «different doctors» after the Paris Games. «I could have competed in more events for sure and that was the plan. But I have realised that my health is paramount, that comes first. Even if I feel the slightest discomfort or like I am pushing myself too much in training, I've learnt to pause for a bit,» he added.
12.07 / 19:41
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Lava to decouple production arm to boost PLI targets and attract new business
Domestic smartphone brand and contract manufacturer Lava International plans to decouple its production arm from the company to onboard business from other handset brands and help meet targets under the production-linked incentive (PLI) scheme for smartphones. But the company, which has never been able to meet its PLI smartphone targets since the scheme began in 2020-21, is hopeful of a turnaround in its manufacturing fortunes with the upcoming incentive package for component production, head of manufacturing, Sanjeev Agarwal, told ET. «Lava's performance in the ongoing PLI scheme is an internal concern, and we are working on plans to bridge the gap,» Agarwal said. The company veteran added that the challenge was to increase production by Rs 500 crore every year by either growing Lava's market share or supporting manufacturing for other brands.
12.07 / 19:37
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Centre gives in-principle nod to setting up coal-based thermal power plant in Uttarakhand
TUECO, a joint venture of UJVN Limited and THDC India Limited, to set up a coal-based thermal power plant in Uttarakhand, according to an official statement. The Central Electricity Authority had previously recommended the supply of coal to Uttarakhand for the purpose of generating 1,320 MW of thermal power under the SHAKTI policy. While requesting the central government for allocation of coal in April 2024 under the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) policy, Chief Minister Pushkar Singh Dhami had said the state government was willing to set up a coal-based thermal power plant in the state. The central government has given in-principle consent to the establishment of thermal power plant through THDCIL-UJVNL Energy Company Limited (TUECO), an official release here said.
12.07 / 19:29
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Beverly Hills Cop 5: Will fans witness another chapter of Axel Foley's adventures? Producer reveals details
Eddie Murphy, the comedic genius behind Axel Foley, revived his iconic role in Beverly Hills Cop: Axel F. With its roots tracing back to the 1984 blockbuster that catapulted Murphy to Hollywood stardom, the franchise has endured through various sequels, despite mixed critical reception.
12.07 / 19:29
Digital
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Following Eiffel debut, India launches UPI at Galeries Lafayette, Paris
UPI to pay in Paris' Galeries Lafayette. India's Unified Payments Interface (UPI) has marked a significant expansion with its launch at the Galeries Lafayette flagship store on Haussmann Boulevard in Paris. Following a successful introduction at the iconic Eiffel Tower earlier this year, this move aligns with Prime Minister Narendra Modi's vision to internationalize UPI, an instant payment system developed by the National Payments Corporation of India (NPCI) in 2016. The Indian Embassy in France announced on Thursday, «On July 3, 2024, UPI became operational at the flagship store of the world-renowned Galeries Lafayette in Haussmann, Paris. This extends the acceptance of UPI in Paris following its successful debut at the iconic Eiffel Tower.»
12.07 / 19:28
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Buy Infosys, target price Rs 1920: BNP Paribas
Infosys with a target price of Rs 1920. The current market price of Infosys Ltd. is Rs 1616.25. Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 669451.90 Crore) operating in IT Software sector.
12.07 / 19:26
security
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Tata Elxsi shares fall 0.36% as Nifty drops
Tata Elxsi Ltd. slipped 0.36 per cent to Rs 7025.6 in Monday's trade. It hit a high of Rs 7089.75 and low of Rs 7014.6 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7717.97, while the 50-DMA was at Rs 7138.92. 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.
12.07 / 19:23
Election
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'Keep shouting,' people have given a mandate to Congress to sit in opposition, says PM Modi
Congress in the 2024 elections, and the mandate of this country is that you sit there, sit in the opposition, and when the arguments end, keep shouting, said Prime Minister Narendra Modi in his reply to the motion of thanks on the President's address in the Lok Sabha on Tuesday. Further training his guns at the grand old party, PM Modi said that Congress has failed to cross even the 100-seat mark in three consecutive terms, and instead of introspecting, they are engaging in 'shirsasana' (headstand). The prime minister further accused Congress and its ecosystem of working incessantly to project victory over the BJP in elections.
12.07 / 19:13
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Kriti Sanon buys plot in The House of Abhinandan Lodha's premium project at Alibaug
Kriti Sanon has acquired 2,000 sq ft land at realty firm The House of Abhinandan Lodha's premium project at Alibaug in Maharashtra. In a statement, The House of Abhinandan Lodha on Thursday said Sanon has acquired 2,000 sq ft of land in its premium project, Sol de Alibaug, about 60 minutes from South Mumbai by sea. The recently inaugurated MTHL connectivity further enhances convenience, making this project an even more attractive choice for those seeking a sophisticated retreat in Alibaug's real estate landscape. Speaking on her first investment with HoABL, Kriti Sanon said, «Buying land on my own has been quite an empowering journey and I have had my eyes on Alibaug, for a while.»
12.07 / 19:05
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Maruti Suzuki drives market euphoria: Sensex, Nifty notch all-time closing highs
Nifty 50 and Sensex logged all-time closing high levels on Tuesday as car maker Maruti Suzuki and consumer stocks helped the benchmarks continue their post-election rally. A strong macroeconomic growth outlook and steady return of foreign inflows continued to aid sentiment. The 30-share BSE benchmark Sensex advanced 391 points or 0.49% to settle at 80,352. The broader NSE Nifty gained 113 points or 0.46% to end at 24,433.
12.07 / 19:01
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Budget 2024: When will Union Budget be presented? Here are date, time and other details
Kiren Rijiju today announced that the Budget Session of the Parliament will commence on and continue till August 22.
12.07 / 18:58
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Rupee trades flat at 83.50 against US dollar in opening session
rupee traded flat at 83.50 against the US currency in the opening session on Tuesday as the impact of a firm dollar in the overseas markets was offset by easing crude oil prices. At the interbank foreign exchange market, the rupee opened marginally up 1 paisa at 83.49 against the American currency. The local unit moved in a narrow range of 83.49 to 83.51 in restricted trade in the opening session. The rupee traded at 83.50 to a US dollar at 0925 hrs. The domestic unit had closed at 83.50 against the US dollar on Monday.
12.07 / 18:57
Provident
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Vijay Shekhar Sharma breaks silence on why senior-level employees are leaving Paytm; here's what he said
Paytm brand, laid off an undisclosed number of employees in June and claimed that it was providing outplacement support for their smooth transition. During an event, Paytm founder Vijay Shekhar Sharma on Saturday when asked why senior-level employees are leaving Paytm, said, «All is well and all is rocking.»
12.07 / 18:56
Provident
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Justice
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Panel to recommend Odisha govt to reopen Puri Jagannath temple's 'Ratna Bhandar' on July 14
Jagannath temple, has decided to recommend the Odisha government to reopen the inner chamber of the treasury on July 14, a panel member said on Tuesday. The decision was taken during a meeting of committee members in Puri. «We have unanimously decided that the committee would request the government to reopen the inner chamber of the 'Ratna Bhandar' on July 14,» said Justice Biswanath Rath, who is the chairman of the panel. The treasury was last opened 46 years ago in 1978.
12.07 / 18:49
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BJP accuses Karnataka CM Siddaramaiah’s family of accepting 14 pricey plots illegally alloted in Mysuru
Opposition BJP demanded a reply from Chief Minister Siddaramaiah on his wife accepting 14 expensive plots in an upscale locality in Mysuru in return for the Mysore Urban Development Authority (MUDA) taking over 3 acre 16 guntas of her land in a village on the city outskirts. Opposition leader R Ashoka, who led protests earlier in the day, accused the CM’s family of accepting pricey plots measuring 38,824 sq. ft in Mysuru, and sought to know from the CM if it was not an act of corruption. He also demanded an answer from the CM as to why his close friend, urban development minister Byrathi Suresh did not act on 15 letters written by the Mysuru deputy commissioner recommending cancellation of plots MUDA allotted to beneficiaries on a 50:50 ratio basis. He wondered how these plots came to be allotted without sanctions from the government. The CM, in a post on X, said he did not accept the MUDA plots when he was in power. The previous BJP regime formulated the land compensation scheme on a 50:50 ratio basis and allotted the plot in a lawful manner. What is wrong with this?, he said.
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