WhatsApp Financial News

India Bullion Jewellers Association (IBJA) has Aksha Mohit Kamboj as its Vice President, effective from June 22. Kamboj brings with her years of experience and expertise in the field of bullion and jewellery, and her appointment is poised to further strengthen IBJA’s leadership in the industry. Aksha Mohit Kamboj is the Executive Chairman of Aspect Global Ventures Pvt Ltd and is also the co-owner of Cricket ISPL team Tiigers of Kolkata. She is the first and the only woman appointed to such a prestigious post in the gold and jewellery sector. Commenting on her appointment, Kamboj said «I am looking forward to working closely with the leadership team and our esteemed members to uphold the highest standards of integrity and excellence in our industry»

BJP leader and Union Health Minister JP Nadda has replaced Piyush Goyal to become the leader of the House in the Rajya Sabha. He recently took the oath as part of the new cabinet and was also assigned the Chemicals and Fertilisers Ministry. Nadda is currently serving as the BJP's National President. His term ends this month, but he may continue until the four state elections later this year are completed and a new president is elected. In the meantime, a Working President might be appointed to assist him with daily duties. After being sworn in, there was speculation that Nadda would step down as BJP National President, a role he assumed from the current Union Home Minister Amit Shah in 2020. However, it now seems he will stay on as the BJP's top organisational leader.

Constitution in Parliament as Prime Minister Narendra Modi took oath as a member of the 18th Lok Sabha. Home Minister Amit Shah was also greeted in a similar manner. Education Minister Dharmendra Pradhan took oath as Lok Sabha member amid chants of NEET-NET by the opposition members even as a controversy is raging on the entrance examinations that has put the government in the dock. Congress leader Rahul Gandhi, Trinamool leader Kalyan Banerjee, and Samajwadi Party leaders Akhilesh Yadav and Awadhesh Prasad were seated in the first row in the opposition benches. In a prestige battle, Prasad defeated the two-time sitting BJP MP Lallu Singh from Faizabad, the constituency that comprises Ayodhya, by a margin of 54,567 votes.

Shares of Persistent Systems Ltd.(up 0.6 per cent), Tata Consultancy Services Ltd.(up 0.16 per cent) and Tech Mahindra Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.

Shares of Au Small Finance Bank Ltd.(up 1.79 per cent), ICICI Bank Ltd.(up 0.99 per cent), Bank of Baroda(up 0.45 per cent) and HDFC Bank Ltd.(up 0.4 per cent) ended the day as top gainers in the pack.

Narendra Modi praised the transformative impact of the Goods and Services Tax (GST) over its seven-year implementation. Citing data compiled y the Central Board of Indirect Taxes and Customs (CBIC), PM Modi posted on «X» (formerly Twitter) that GST has significantly enhanced the lives of 140 crore Indians. «For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper.» The Prime Minister also emphasized that the implementation of GST has led to increased savings for the poor and common man. He noted that GST has lowered taxes on essential household items such as flour, curd, and detergent, making daily necessities more affordable.

OYO on Monday announced the opening of its first luxury hotel in Dubai — Palette Royal Reflections Hotel and Spa — as the IPO-bound unicorn eyes strengthening its premium property portfolio globally. The company expects the number of Indian tourists to grow significantly in 2024 after Dubai relaxed visa policy for them earlier this year. «OYO is expecting more than 1 lakh Indian tourists to visit Dubai this year. Dubai has long been a favourite destination for Indian travellers, thanks to its luxury shopping, stunning architecture, and vibrant culture. The launch comes as the emirate prepares to welcome a record number of Indian tourists in 2024,» OYO stated. The initiative is part of OYO's ongoing efforts to strengthen its premium property footprints across the world, including the Middle East.

Uttar Pradesh Special Task Force (STF) arrested six individuals in connection with the paper leak of the Review Officer/Assistant Review Officer (Preliminary) Examination-2024. These arrests, made in Prayagraj, follow the discovery that the exam papers were leaked from a printing press in Bhopal. The examination, conducted by the Uttar Pradesh Public Service Commission (UPPSC) on February 11, was subsequently canceled on March 2 after reports of the leak surfaced. Prior to this, ten individuals had already been arrested in connection with the case. The accused face charges under various sections of the Indian Penal Code, including cheating, forgery, and criminal conspiracy, as well as the Uttar Pradesh Public Examination Act, 1998, and the Information Technology Act. During interrogation, it was revealed that the question paper was leaked in two ways. The arrested individuals include Sunil Raghuvanshi, a mechanical engineer at the printing press, and others identified as Subhash Prakash, Vishal Dubey, Sandeep Pandey, Amarjeet Sharma, and Vivek Upadhyay, all his former classmates. Initial intelligence had suggested that the leak originated from a school in Prayagraj, where Arpit Vineet Yashwant, responsible for the exam at the center, was previously arrested along with four gang members in April. Investigations are also looking into the involvement of the school's management and principal.

Udhampur and Rajouri districts here following reports of suspicious movement, officials said. There were reports of suspicious movement in the Karlah area of Patnitop prompting police and security forces to launch a search operation in the vast forest belts, they said. Security has been tightened at the famous Patnitop tourist resort. The operation was still underway when reports last came from the area, they said. Security forces and police launched search operations in the Jata area of Kalakote, and Devak and Triyath in Sunderbani area following suspicious movements, they said

Birla Estates Pvt Ltd on Monday said it has acquired a 16.5-acre land parcel in Pune to a develop a housing project with an estimated revenue potential of Rs 2,500 crore. Birla Estates is a 100 per cent wholly-owned subsidiary of Century Textiles and Industries Ltd and the real estate venture of the Aditya Birla Group. The company said it is expanding its presence in Pune with a land acquisition in Manjri, Pune. «The land parcel is spread across 16.5 acres with a development potential of approx. 32 lakh sq ft and an estimated revenue potential of Rs 2,500 crore,» a regulatory filing said.

National Testing Agency (NTA) and the Centre on Monday, asking them to respond to petitions seeking the cancellation of the medical entrance exam NEET-UG amid allegations of irregularities. The court scheduled the hearing in the matter on July 10, two days after the Supreme Court is set to hear similar petitions, including those seeking cancellation of the NEET-UG 2024 exam and a court-monitored investigation. Justice Ashok Kumar Jain of the high court issued the notices to the NTA and the central government and sought their response. The court considered the matter to be serious and scheduled the hearing on July 10, counsel for petitioners Rampratap Saini said. He said a hearing was held on four petitions in the high court during the day.

Passport Seva Divas emphasised that the ministry has rendered 1.65 crore passport-related services to Indian citizens in 2023 and over 14 lakh visa applications were submitted monthly. Extending his greetings to all passport authorities in India and abroad, Jaishankar said that the Ministry of External Affairs, along with the Central Passport Organisation, has been marking this occasion and renewing our commitment to provide passport and related services to citizens of India in a timely, reliable, accessible, transparent and efficient manner. «It gives me great pleasure to join all our passport-issuing authorities in India and abroad on the occasion of the 12th Passport Seva Divas,» he said in a post on X.

NEET-UG paper leak have found out how “handlers” operate in a tech savvy, shady realm of a nationwide exam racket, rooted in Bihar and Jharkhand. «The nine handlers arrested in the NEET-UG case so far six in Jharkhand and three in Bihar — are tech-savvy individuals who played a crucial role in orchestrating the leak of question papers, training examinees who paid for these to memorise the answers, and even escorting them to their respective centres,» a senior police officer said to TOI. The six arrested in Jharkhand were masquerading as labourers and were residing in a rented accommodation. The aim was to make sure the leaked papers reached the target while maintaining high secrecy and anonymity.

DLF Ltd. traded at Rs 836.5 on BSE at 01:59PM (IST) on Monday, down 2.25 per cent from previous close. The stock quoted a 52-week low price of Rs 461.55 and a high of Rs 967.0.

Indian Hotels Company Ltd. gained 1.36 per cent to Rs 645.55 at 11:47AM (IST) in Monday's trade. The scrip has hit a high of Rs 654.0 and low of Rs 631.1 so far during the session. The stock had closed at Rs 636.85 in the previous session. The counter has had a total traded volume of 94598 shares so far with a value of Rs 6.08 crore on the NSE. It traded at a price-to-earnings multiple of 72.02 and a price-to-book ratio of 8.9.

Bharat Forge Ltd. gained 0.23 per cent to Rs 1755.95 in Monday's trade. It hit a high of Rs 1775.0 and low of Rs 1735.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1219.55, while the 50-DMA was at Rs 1446.77. 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.

Voltas Ltd. gained 2.35 per cent to Rs 1520.35 at 11:31AM (IST) in Monday's trade. The counter hit a high of Rs 1528.0 and low of Rs 1470.35 so far during the session. The stock had closed at Rs 1485.4 in the previous session. The counter had a total traded volume of 11:31AM shares so far with a turnover of Rs 2.78 crore on BSE. The stock traded at a price-to-earnings multiple of 195.15 and a price-to-book ratio of 6.27.

South Africa qualified for the semifinals of the T20 World Cup with a three-wicket win via the Duckworth Lewis method over hosts West Indies in a rain-truncated Super Eights match here. Put in to bat, West Indies rode on Roston Chase's 52 off 42 balls to post 135 for 8. In reply, South Africa were 15/2 in two overs when rain stopped play. The match was truncated by three overs with South Africa being set with a revised target of 123 in 17 overs.

Schengen visa, as this nation is your best chance of getting such a visa, according to a Schengen news report. “Despite being the second most sought-after Schengen Area destination, Germany’s rates of multiple-entry visa issuance have remained high, as newly released Schengen Visa Statistics show that 90.4% of visas issued by the German consulates in 2023 were multiple-entry,” says the report. This is only 0.2 percentage points lower than in 2022, when 90.6 per cent of short-term visas issued by Germany were for entering the Schengen Area more than once, Schengen.News reports.

MPs from the Opposition INDIA bloc are expected to enter the Lok Sabha together on the first session of the 18th Lok Sabha, which will begin on Monday, sources said. According to sources, the opposition leaders will assemble where the statue of Mahatma Gandhi was placed earlier. They are also likely to carry a copy of the Constitution with them. The Congress MPs will also gather at the Congress Parliamentary Party (CPP) office in Parliament House this morning.

satellite imagery suggest light to moderate rainfall at many places, with occasional intense spells accompanied by isolated thunderstorms, lightning, and gusty winds in the next couple of hours, bringing much respite from the scorching heat. «Recent satellite imagery suggests: (i) Light to moderate rainfall at many places, with occasional intense spells accompanied by isolated thunderstorms, lightning, and gusty winds likely over West Madhya Pradesh, Gujarat, and the Andaman and Nicobar Islands during the next 3 hours,» the IMD posted on X. «Light to moderate rainfall at a few places, accompanied by isolated thunderstorms, lightning, and gusty winds in Vidarbha and adjoining north Telangana, east Telangana, Rayalaseema, coastal and south interior Karnataka, Kerala, Uttar Pradesh, southeast Rajasthan, East Bihar, Sub-Himalayan West Bengal, Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, and and Tripura, during the same period,» it added.