Diageo is tightening its grip on India with premium push, strategic buyouts, and bold innovation
Business Today
•
Mon, Sep 16, 2024
'Mausam GPT': Indian government plans to create an AI-powered app for weather updates and information.
Business Today
•
Mon, Sep 16, 2024
‘I miss my two dogs’, NASA astronaut Sunita Williams talks about things she misses the most
Business Today
•
Mon, Sep 16, 2024
Understanding the Impact of Different Interest Rate Types
Zee Business
•
Mon, Sep 16, 2024
Catch the highlights of economy around the world
Prime Minister Narendra Modi on Monday said his government in the first 100 days of its third term had tried to address every sector and factor for rapid progress of the country.
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
Weak economic activity in August has ramped up attention on China's slow economic recovery and highlighted the need for further stimulus measures to shore up demand.
The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.
Trilochan Mohapatra, Chairperson of PPV&FRA, discusses plant variety registrations and farmers’ rights
The Prime Minister also highlighted India's goal of generating 31 GW of hydropower in the near future, with over ₹12,000 crore allocated for the project. He was speaking at the RE-Invest 2024 summit.
Fashion retailers like Myntra, Max Fashion and Madame adapt their collections and platforms to Gen Z's preferences, reflecting a shift in fashion trends.
Experts believe salary negotiation isn't just about asking for more money
Index funds, such as the Nifty 500, are passively managed and seek to replicate the performance of the underlying index.
Motorists in Noida and Gurugram will benefit as they will experience less congestion.
This comes on the back of Thailand expanding its visa exemption to more countries in July 2024
With over 200 million monthly active users in India, the platform is offering incentives to attract regional creators to monetise content by sharing relatable experiences
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.
Gold Rate Today: Stay updated with the latest gold prices across various cities in India today.
Stay updated with the latest petrol and diesel prices in Mumbai, other cities for September 16, 2024. Discover the current rates per litre and understand the factors influencing daily fuel prices.
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
Sources in the know told CNBC-TV18 that policy decisions are not made in advance
The new rules stipulate important changes for companies involved in mergers and amalgamations, especially when dealing with foreign entities.
Sources say, "The GST Council is likely to be presented with a status report on rate rationalisation by the Group of Ministers (GoM). The GoM is likely to inform that discussions need to start afresh on rates, slabs, merger of slabs, simpler rate structures, and correction of the inverted duty structure."
Where's the market leading now, read sectorial sentiments
Bizingo has appointed Kiran Dev as Chief Executive Officer to lead BizongoFin, the fintech arm.
Realty firm Emperium Pvt Ltd will develop a 40-acre township in Yamunanagar and a housing project in Gurugram over the next three years, with an estimated revenue potential of Rs 775 crore. The company plans to develop an additional 2.1 million square feet across 1,055 units during this period.
USA-COURT/BUSINESS (PIX):US regulatory power faces fresh test as new Supreme Court term nears
Western Carriers IPO: The Western Carriers IPO includes a fresh equity issuance of Rs 400 crore and an offer for sale (OFS) of up to 54 lakh shares by promoter Rajendra Sethia. In the unlisted market, the company’s shares were trading at a grey market premium of Rs 55 per share, which represents a 32% premium over the upper end of the issue price range.
Sahamati is a market-led industry alliance for the AA ecosystem. The report on ‘Lending facilitated by Account Aggregators’ is the first of a series. It aims to track the adoption and usage of the AA framework.
Stock Market Today: Small-cap SME stock Tac Infosec share price hit upper circuit during intraday trades on Monday on the NSE. It has gained more than 650% in six months compared to its IPO issue price at ₹106. Check price
Realty firm Eros Group anticipates around Rs 900 crore revenue from its new housing project 'Eros Sampoornam 3' in Greater Noida West. The project, featuring 726 units over 5.5 acres, is set for delivery by 2028. Early sales success highlights strong demand for premium residential properties.
Mercedes-Benz has announced an additional investment of ₹200 crore in January towards manufacturing operations, new product start-ups and digitisation of manufacturing processes
Even as a flood of liquidity and positive sentiment has increased investors’ appetite for risk, industry experts remain cautious of Ather’s valuations as it trails market leader Ola Electric on every key metric.
Upcoming IPO: Fabtech Technologies Ltd has filed a draft red herring prospectus with SEBI for an IPO. The company, based in Mumbai, specialises in pharmaceutical equipment solutions and aims to raise funds for working capital and growth opportunities through acquisitions.
And jewellery market has been sluggish and has been down. And the revival of that is not necessarily to do with the revival of gold, but also an economy of jewellery and consumption generally in China.
Indian stock markets are open today despite Eid-e-Milad-un-Nabi being a settlement holiday. While most brokers restrict selling stocks bought on Friday due to the holiday, Zerodha allows it. However, equity intraday profit credits and F&O credits are not available for withdrawal today.
Innomet Advanced Materials has finalized its IPO, valued at ₹34.24 crore, with overwhelming demand. The issue, subscribed 323.92 times, will list on NSE SME on September 18, 2024. Investors can check allotment status online via Skyline Financial Services.
Mercedes-Benz India has launched the locally produced EQS 580 4MATIC electric SUV, priced at Rs 1.41 crore. This marks the second locally produced EV by the company in India. The move aligns with the Make-in-India initiative and aims to promote electrification and provide more choices to customers.
Shubhshree Biofuels Energy share price debuted on NSE SME at ₹189, a 58.82% rise from its IPO price of ₹119. The IPO was 132.89 times subscribed, with plans to fund new equipment and working capital.
Overall, there is neutral view on the macro front but if we look at technicals, then technically a lot of stocks are looking actually good because they rebounded pretty sharply and options activity is positive. So, maintaining neutral to positive stands on metals.
We are focused on that at this point of time and between all our verticals of paints and coatings, we are trying to make sure we do it. How are we going about it? You may have just read. We have just announced an addition of 5,000 tonne capacity in our Gwalior for our powder business, that is one of our fast growing business and now with the capacity augmented at Gwalior, we should be able to serve our customers, particularly in the northern and eastern part of the country and the team is doing a fabulous job.
BMW has launched a new retail concept in India, allowing dealers to sell BMW, MINI, and BMW Motorrad products under one roof. The initiative, Retail.NEXT, involves a joint investment of Rs 365.6 crore across 33 cities over 36 months. This aims to enhance customer engagement through integrated 'phygital' innovations.
Stock Market Today: Today is a settlement holiday, and thus, settlements of funds and stocks don't happen. Banks in Maharashtra are closed, but trading on exchanges is open, said Zerodha founder Nikhil Kamath in a tweet.
Ravi Dharamshi, CIO of ValueQuest Investment Advisors, highlights the energy transition theme as a significant investment opportunity. He emphasizes the potential in solar energy and power transmission sectors. Despite the current popularity, Dharamshi believes these trends have long-term growth prospects and advises investors to diversify across multiple themes for balanced portfolios.
Large currency speculators in the Euro futures market slightly reduced their net long positions, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net long position of 81433 contracts in the data reported through September 10, 2024. This was a weekly fall of 18585 net long contracts.
Northern Arc Capital's IPO, which opened for subscription on Monday, was fully subscribed on the first day, driven by strong demand from retail investors. The company has set a price band of Rs 249-263 per share and aims to raise up to Rs 777 crore. Analysts recommend subscribing due to the company's growth potential and strong financial performance.
Indoor Amusement Centers (IACs) are driving footfall and consumer engagement in India’s retail sector. A JLL India study projects a 67% increase in IAC stock, reaching 11 million sq ft by 2028. Currently, over 90 malls host multiple IACs across 83 cities, with strong leasing activity noted in Delhi-NCR and Bengaluru.
Systematix Corporate Services (SCSL) informed that it has raised Rs 103.12 crore through preferential allotment of equity shares at Rs 1,531 per share.
Union New & Renewable Energy Minister Pralhad Joshi has called on investors to support India's renewable energy sector, highlighting commitments of Rs 32.45 lakh crore in financing and significant capacity additions. The country aims for 500 GW by 2030, with substantial increases in solar and wind capacities.
For long, Ather was known for engineering, and Ola Electric was known for scale. With its planned IPO, Ather wants to change gears.
Stocks moved mostly higher during trading on Friday, extending the upward trend seen over the past several sessions. The major averages on Wall Street all finished the day firmly in positive territory. The Dow advanced 297.01 points or 0.7 percent to 41,393.78, the Nasdaq climbed 114.30 points or 0.7 percent to 17,683.98 and the S&P 500 rose 30.26 points or 0.5 percent to 5,626.02.
The uptick in the share price came after the company announced the acquisition of a majority stake in Greenfuel Energy Solutions Private Limited (Greenfuel) from its existing shareholders.
The case relates to the alleged preferential access given to certain broking firms, including OPG Securities, in the form of 'dark fibre' at NSE to connect across the colocation facilities before other members.
Ravi Dharamshi, the CIO of ValueQuest Investment Advisors, discusses the current market conditions, highlighting that while some sectors are overvalued, others present opportunities. He emphasizes India's strong fundamentals and domestic flows. Dharamshi also explores the potential of private sector banks and the significant impact of energy transition on future investments.
The steel producer said on Monday that this represents the largest investment in green hydrogen by any Indian steelmaker
Arkade Developers IPO GMP Today: Arkade Developers' IPO was fully subscribed within 2 hours, driven by strong retail interest. The issue, priced at Rs 121-128 per share, is expected to benefit from Mumbai's real estate growth.
Starting September 13, 2024, the Bengaluru Development Authority (BDA) will transition all properties under its jurisdiction to an e-khata system, replacing the traditional paper-based khata system. This move aims to enhance transparency in property transactions, help identify double registrations and fraudulent activities, and allow buyers to verify property legality.
NSE SME Gajanand International were trading at Rs 39.90 on the NSE, a premium of 10.83% compared with the issue price of Rs 36.
The ET Soonicorns Summit 2024 is set to take place in Bengaluru on September 20, 2024, with the theme ‘From Resilience to Resurgence.’ With thought leaders and industry experts ready to share insights into the potential and challenges of AI, this summit will drive critical dialogues and actionable ideas for the Indian startup ecosystem. Register now!
The Nifty Pharma index was trading 0.25 per cent up at 23515.7.
Tata Power Share Price Today : On the last trading day, Tata Power opened at ₹443.2 and closed slightly higher at ₹443.3. The stock reached a high of ₹451.6 and a low of ₹441.2 during the day.
Systematix Corporate Services Share Price | In a stock exchange filing, the financial services firm said it had raised ₹103.12 crore through a preferential allotment of equity shares priced at ₹1,531 apiece.
Unlisted shares of Arkade Developers were trading at a premium of Rs 80, which translates to a GMP of 62.5 per cent against the upper end of the IPO price of Rs 128