Aug 11, 2023
Tata Power shares up 16% in six months, stock sees profit booking near 52-week high; time to buy, sell or hold?
Aug 11, 2023
Indian-American entrepreneur makes racist jibe, body shames cricketer Prithvi Shaw, gets schooled on X
Prithvi Shaw was body-shamed on social media by Ankur Nagpal and Ankur Warikoo
X users defended the cricketer who recently knocked a 244 off 153 balls for Northamptonshire
Ankur Warikoo said his comment was insensitive and apologised
Aug 11, 2023
Optimistic outlook: Half of VC investors foresee a rebound in start-up funding in 6-12 months
A bullish trend is expected in 2024, possibly with funding reaching $15-20 billion
Emerging themes include BPC, health and wellness, diagnostics and clinics, gaming and app studios, personal loans
Number of active investors has doubled, from 400 investors in CY18 to 900 in FY22
Aug 11, 2023
TVS Supply Chain IPO booked 75% on day 2 so far, retail portion subscribed 2.66x
The IPO of TVS Supply Chain will open between August 10-14.
The company is selling its shares in the range of Rs 187-197.
A host of brokerage firms have a mixed view on the issue.
Aug 11, 2023
'Met everyone's favourite superhero': Vedanta's Anil Agarwal meets Deadpool star Ryan Reynolds; see post
Vedanta Group Chairman Anil Agarwal recently met entrepreneur and actor Ryan Reynolds
Agarwal said that Reynolds is extremely passionate about child welfare initiatives
The Vedanta boss stated that Reynolds was happy to see how the Vedanta Group has developed a well-researched millet nutribar
Aug 11, 2023
Chandrayaan-3 vs Lunar-25: Will Russia steal India's thunder in a race to the moon’s south pole?
Both Russia and India are striving to demonstrate their technological prowess
The significance of the lunar south pole cannot be overstated, as there are reports of water to be found there
Both rockets will be making a touchdown somewhere around August 21-23 as per latest data
Aug 11, 2023
Amendments to GST Act aim to tackle money laundering
Amendments to the GST law propose to incorporate online gaming, casinos, and horse racing under the 28 per cent tax bracket.
During its deliberations, the GST Council took into consideration the adverse societal implications of online money gaming, particularly on youth.
The Council also compared the taxation rates applicable to essential items like food with the rates applied to online gaming and casinos, recognising potential disparities.
Aug 11, 2023
GMM Pfaudler shares surge 12% after Q1 results. Here's why
Patel said GMM's order backlog remains stable, translating to 6 months of visibility in the India business.
Order intake remains subdued due to general weakness in the chemical sector; pipeline remains strong.
GMM Pfaudler’s Q1 profit stood at Rs 54 crore for the June quarter against with Rs 61 crore YoY.
Aug 11, 2023
Concord Biotech IPO allotment today: Check your application status & latest GMP
Concord Biotech will finalize the basis of allotment on Friday
The issue was open between August 4-8, sold between Rs 705-751
The company raised Rs 1,551 crore via IPO, listing on August 18.
Aug 11, 2023
IRCTC shares rise 5% in early trade; can they cross Rs 1,000 mark?
The IRCTC stock hit a 52-week high of Rs 775 on November 7, 2022 and a 52 week low of Rs 557.15 on March 29, 2023.
In terms of technicals, the relative strength index (RSI) of IRCTC stands at 56.6, signaling it's trading neither in the oversold nor in the overbought territory.
IRCTC stock has a one-year beta of 0.9. This signals the stock has low volatility
Aug 11, 2023
'Wishes for Chandrayaan-3 and Luna-25 missions to achieve their goals': ISRO congratulates Russia
ISRO congratulated Roscosmos for the successful launch of Luna-25, Russia's moon mission
The Russian lander is expected to touch down on the moon on August 21
Russia launched its first moon-landing spacecraft in 47 years on Friday
Aug 11, 2023
No. 4 remains a worry for India captain Rohit ahead of World Cup
Since Yuvraj Singh's retirement in 2017, India have tried a dozen players at that spot.
Only Shreyas Iyer and Rishabh Pant have played at no. 4 more than 10 times.
India needs to find a no. 4 batsman before the start of this year’s ICC Men’s World Cup on home soil.
Aug 11, 2023
Sigachi Industries shares rise 4% after Q1 results, stock split & acquisition announcement
Shares of Sigachi Industries rise 4% after Q1 results.
The company board approved a stock split in a 1:10 ratio.
The company board also approved issue warrants.
Aug 11, 2023
Virat Kohli is the third-richest athlete on Instagram, commands Rs 11.45 cr per post
Virat Kohli is the third-richest athlete on Instagram, according to Hopper HQ
The former skipper has a follower count of 256 million, and commands Rs 11.45 cr per post
The 2023 Instagram Rich List is topped by Cristiano Ronaldo, followed by Lionel Messi and Selena Gomez
Aug 11, 2023
Kirloskar Oil Engines, Indigo Paints: Here's what Mayuresh Joshi of William O'Neil India says on these 2 stocks
Joshi mentioned that Kirloskar Oil Engines' net debt stood very minimal for the quarter.
"Buy for a target price of Rs 500, keeping a stop loss placed at Rs 418-420," he suggested.
The stock was last seen trading 7.63 per cent higher at Rs 474.80 today.
Aug 11, 2023
Coach owner's Michael Kors deal creates US giant to take on European luxury rivals
Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a $8.5 billion deal.
Tapestry will pay Capri shareholders $57 per share in cash, representing a premium of nearly 65%.
The combined company generated $12 billion in global annual sales last fiscal.
Aug 11, 2023
BCCI earned Rs 27,411 crore revenue during FY18-22: MoS Finance tells Rajya Sabha
Shiv Sena (Uddhav Thackeray faction) MP Anil Desai had tabled a question asking about BCCI’s earnings and expenditure.
The BCCI has earned a revenue of Rs 7,606 crore for the fiscal year 2021–2022, while its spending came to about Rs 3,064 crore.
BCCI paid Rs 1,159 crore in income tax for the fiscal year 2021–2022, Pankaj Chaudhary, MoS, Finance told Rajya Sabha.
Aug 11, 2023
IMD predicts extremely heavy rainfall in six districts of Uttarakhand till Aug 14
IMD has warned of heavy to extremely heavy rainfall in some districts of Uttarakhand till August 14
Red alert has been issued for Dehradun, Tehri Garhwal, Pauri Garhwal, Nainital, Champawat, and Udham Singh Nagar
IMD has also issued a yellow alert for several districts of Himachal Pradesh for the next four days
Aug 11, 2023
RPSG Ventures shares hit 20% upper circuit after it returns to black in June quarter
Shares of RPSG Ventures hit an upper circuit of 20% on Friday.
The company returned to black in the June quarter on a QoQ basis.
RPSG Ventures is a part of Sanjiv Goenka backed RPSG Group.
Aug 11, 2023
'In 2 hours and 13 minutes speech, he had 3 minutes of empty platitudes on Manipur': Opposition slams PM
The Opposition slammed Prime Minister Narendra Modi's response to the no-confidence motion
The MPs from the newly formed Opposition bloc INDIA staged a walk-out during PM Modi's speech
PM Modi on Thursday slammed the Opposition alliance INDIA as a collection of arrogant dynasties
Aug 11, 2023
