Investment / The Economic Times
Nepals Department of Food Technology and Quality reported that the ban is due to the suspicion of ethylene oxide contamination. The banned spices include madras curry powder, sambhar mixed masala powder, mixed masala curry powder of MDH, and fish curry masala of Everest. The importers and traders are requested to recall these products from the Nepalese market.
Speaking at CII Annual Business Summit 2024, Ports, Shipping and Waterways Secretary TK Ramachandran said Jawaharlal Nehru Port (JNPT) has become the first major port of the country to become 100 per cent landlord port, having all berths being operated on PPP model.
The banks gross non-performing assets ratio stood below 3% and net NPA ratio below 1% for two consecutive years, making it entitled to apply for a licence. Next week, the process of reverse merger will be over. A call on universal banking will be taken later. We are not rushing for it, managing director Ittira Davis said.
India aims to lead in sustainable critical mineral production, per Hindustan Zinc's Chairperson Priya Agarwal Hebbar. These minerals, including cobalt, copper, lithium, nickel, and rare earths, are crucial for clean energy technologies such as wind turbines and electric cars.
Smartworks leases tower in Pune's Balewadi for coworking with 8,000 desks. The Indian market has become one of the fastest-growing centers for flexible office spaces, driven by the rising demand for adaptable workspace solutions from large corporations and dynamic startups worldwide, especially after the Covid-19 pandemic.
Narayanan Vaghul, the banker who built ICICI, passed away at 88. He was the youngest chairman of Bank of India at 44 and quit banking due to bureaucratic interference. Vaghul was awarded Padma Bhushan in 2010 and The Economic Times Lifetime Achievement Award in 2006. He is survived by his wife, daughter, and son.
India expects positive responses from automobile companies on its electric-vehicle policy to attract global players like Tesla through tariff tweaks. The government aims to encourage manufacturers to establish bases in India without incurring costs. Duty concessions and investment commitments are key incentives for setting up manufacturing units. Companies can import CBUs at reduced customs duty.
State Bank Foreign Travel Card is a prepaid Foreign Currency card that makes your foreign trip trouble-free and convenient.
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
ICICI Prudential Mutual Fund manages 253 mutual fund schemes.
The Nifty IT index closed 0.85 per cent down at 33381.85.
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
Private banks had the highest weightage of around 17.2%. It was the top sectoral holding for mutual funds in April 2024.
Around 42 mutual funds were sitting on Rs 1.36 lakh crore cash in April, according to data by ACE MF.
Top 10 midcap stocks bought by mutual funds in April
The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.
A total of 500 shares changed hands on the counter till 01:28PM (IST).
A total of 4,814 shares changed hands on the counter till 12:42PM (IST)
Among major shares in Tokyo, chip-making equipment manufacturer Tokyo Electron was down 1.98 percent at 36,090 yen and Nikon was off 1.12 percent to 1,667.5 yen.
An Air India flight bound for Delhi collided with a tug truck while taxiing at Pune Airport. The collision caused damage to the aircraft's nose and a tire near the landing gear. All 180 passengers were safe. Passengers were deplaned and rebooked as emergency protocols were promptly activated. The Directorate General of Civil Aviation (DGCA) launched an inquiry to determine the cause of the accident.
JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.
Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 60679.20 Crore) operating in Auto sector.
Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 7075.51 Crore) operating in Logistics sector.
The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.
Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.
India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.
Mutual funds buy and sell securities to actively manage their portfolios.
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
Here are the top 10 stock holdings of Nippon India Mutual Fund
Artemis Medicare Services has raised Rs 330 crore from IFC to increase bed capacity and introduce advanced specialty services. The company plans to set up cardiac care centers, expand in tier 2 and 3 cities, and in the Delhi NCR region through brownfield and greenfield opportunities. Artemis operates 713 beds in the Delhi NCR region and runs seven centres under the Artemis Cardiac Care brand in a joint venture with Philips.
Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies
The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.
The fund house had assets under management of Rs 77,358 crore as on April 2024. The fund house manages 27 mutual fund schemes.
Five midcap stocks from Nifty200 index managed to hit fresh 52-week highs on Thursday, despite the subdued market sentiment.
Axis Bank has introduced the ARISE ComeAsYouAre talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fresh graduates and professionals up to 5 years of experience. The bank emphasizes diversity, equity, and inclusion, aiming to foster innovation and leverage talent diversity. This follows Axis Bank's previous efforts to support the LGBTQIA+ community, inc
Parag Parikh Flexicap Fund added 3.90 lakh shares of ITC to its portfolio in April. The shares increased from 7.31 lakh crore in March to 7.35 lakh crore in April. The fund house added 4.80 lakh shares of ICICI Bank, with a combined market value of Rs 3.36 lakh crore.