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Army recruitment racket busted, a fake major arrested for running army training camp
Military intelligence and Maharashtra police arrested a man impersonating an army major for running a fake recruitment racket across several states. The accused, Satyajit Barath Kamble, duped hundreds of candidates by promising them jobs in the Armed Forces. He operated fake training camps in Dehradun and Aurangabad, making approximately Rs 3-4 crore.
We want to give India F-16s: US Major General Piffarerio
The United States has expressed readiness to offer F-16 fighter jets to India, according to Major General David A Piffarerio. He emphasized that the decision ultimately lies with the Indian Air Force. This comes after the US State Department cleared sales of F-16 parts and equipment worth USD 300 million to Taiwan in June.
Cracks on Statue of Unity? PIB debunks claims; FIR registered against social media user
The Government of India has debunked claims that cracks have appeared in the Statue of Unity. A viral photo circulating on social media was found to be from 2018 during the statue's construction. The Press Information Bureau confirmed the statue remains intact, and a case has been registered against an unidentified person for spreading false information.
Daily Trading Desk: Two trades for short term gains, a power stock for 5% rise & FMCG major for 7% gains
The markets extended their gains but faced resistance at key levels, with the Nifty ending up by 104.70 points. Tata Power shows potential for a breakout from its consolidation range, while Honasa Consumer has broken out from its horizontal trendline resistance, indicating a possible 7% rise in stock price.
Review of major ports underway to identify infra shortcomings
India is conducting a thorough review of its major ports to identify operational shortcomings and infrastructure deficiencies. The goal is to enhance port capacities, prepare for larger ships, and incorporate green technologies. This initiative aligns with the Maritime India Vision 2030 and aims to optimize cargo handling and ship turnaround times.
The Long Wait: As IT firms delay onboarding, fresh graduates face financial uncertainties
Many of India’s top IT firms have delayed onboarding of freshers for more than two years. Those fresh graduates waiting with offer letters in hand are now struggling to pay off their educational loans. ET decodes how the crisis is unfolding.
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Jessica Pegula will meet Aryna Sabalenka in the US Open women's final Saturday
Jessica Pegula, seeded No. 6, will face No. 2 Aryna Sabalenka in the U.S. Open final. Pegula's journey to her first Grand Slam final at age 30 has been marked by injuries and setbacks. Her recent form includes a title in Toronto and a runner-up finish in Cincinnati.
Sebi chief Madhabi Puri Buch in trouble. 4 major allegations against 'Unilever wife'
Sebi Chairperson Madhabi Puri Buch faces mounting allegations from various quarters, including Hindenburg Research, Congress, Zee's Subhash Chandra, and internal employee protests. The accusations range from conflicts of interest to fostering a toxic work environment. All parties involved have issued denials or clarifications regarding the claims.
For Long term investors : 6 small cap stocks with track record and right financial matrix which makes them better placed than majority
Understanding risks, recognizing market cycles, evaluating fundamentals, analyzing the sector, assessing management, reviewing financial strategies, differentiating between valuation types, employing a phased investment approach, and preparing for volatility. You can navigate the complexities of small-cap investing with greater confidence and avoid greed, fear which are elements which lead to wrong decisions. Even after all the effort, be ready to go wrong. That is what small caps are all about and if you get it right then all mistakes are pardoned. But the fact is that even the promoters of these companies don't get it right in the short term.
Direct govt jobs for winners of Olympics, Asian games: UP CM Yogi announces sports policy
Uttar Pradesh Chief Minister Yogi Adityanath introduced a new sports policy that guarantees government jobs to winners of Olympics, Commonwealth, Asian Games, or World Championships. He also announced the establishment of a sports industry in the name of Major Dhyan Chand and the start of the Junior Hockey League in the state.
Block deals worth over Rs 43,068 crore this week. HDFC Bank, Indigo, RVNL among stocks with major action
Nifty gained 1.6% weakly, but saw notable block deals totaling Rs 43,068 crore across large, mid, and smallcap stocks. Significant transactions included HDFC Bank at Rs 19,131 crore, Interglobe Aviation at Rs 12,033 crore, and others between Rs 240 crore and Rs 121 crore.
Daily Trading Desk: Two short term trades, 4% move in an Industrial major and 7% upswing in a financial service stock
The expiry of the August derivatives series saw the Nifty 50 index experiencing volatility before closing with a gain of 99.60 points. Reliance Industries could resume its uptrend, supported by technical indicators. JM Financial Services is poised for a breakout, potentially rising by 7% as key resistance levels are surpassed.
2 YSRCP RS MPs quit days after meeting Andhra CM
Two YSRCP MPs have resigned from the Rajya Sabha, potentially aiding TDP in securing seats in the Upper House and helping NDA to cross the majority mark. Their resignations come shortly after meeting Andhra Pradesh CM N Chandrababu Naidu. The resignations could impact the current political dynamics in the state and the Rajya Sabha.
Govt committed to supporting sports: PM Modi on National Sports Day
Prime Minister Narendra Modi paid tribute to hockey legend Major Dhyan Chand on National Sports Day. He emphasized the government's commitment to supporting sports and encouraging youth participation. National Sports Day is observed annually on August 29 to commemorate Major Dhyan Chand's birth anniversary.
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Foreign banks from Japan and the Middle East are showing interest in acquiring stakes in Yes Bank and IDBI Bank. The Indian economy's rapid growth is a major attraction, although tight regulations and high valuations could be challenging. The deals, if successful, would mark a significant move in India's banking sector.
UPI market share cap hurdle for PhonePe; Small is big for Blinkit
PhonePe CEO Sameer Nigam said the 30% market share cap on Unified Payment Interface is a hurdle for its IPO plans. This and more in today’s ETtech Top 5.
Shipping ministry approves wage structure revision for workers of major ports
The Ministry of Ports, Shipping and Waterways has approved a new wage structure for workers at major ports, stopping an indefinite strike. The agreement includes an 8.5% fitment benefit and additional allowances. The periodicity of the settlement is from January 1, 2022, to December 31, 2026, with a review set for 2027.
National Sports Day 2024: Theme, date, and significance in India
National Sports Day is celebrated annually on August 29th in India, marking the birth anniversary of Major Dhyan Chand. This day emphasizes the importance of sports and physical activities and serves to honor Major Dhyan Chand's legacy in Indian hockey. Various events and initiatives are launched to promote sports and fitness across the nation.
Indus Towers set to become Airtel subsidiary post-buyback exercise
Bharti Airtel will soon hold a 50.005% stake in Indus Towers, thereby making the telecom tower company its subsidiary. The decision, approved by the board on August 27, entails a buyback of 56.7 million equity shares priced at Rs 10 each. Shares of Indus had closed 1% higher at Rs 437.40 on BSE on Tuesday. Airtel shares, in turn, had also close marginally (0.58%) higher at Rs 1522.50 on the exchange.
Best Marshall Headphones and Earbuds for Unrivaled Sound Quality
One can never go wrong with the universally acclaimed brand Marshall when it comes to audio solutions and headsets. Therefore, in today’s article, we shall be discussing the best Marshall headphones and earbuds along with their specifications, pros, and cons to help you choose the best one based on your preferences.
Port, dock workers' unions defer indefinite strike proposed from Wednesday
At a national coordination committee meeting in Tuticorn (Tamil Nadu) on August 8, major port workers' unions affiliated to five federations decided to go on an indefinite strike from August 28 to press for immediate wage revision and other benefits, pending for nearly 32 months.
Japan's Nikkei falls as Wall Street tech losses weigh
In early trading on Tuesday, Japan's Nikkei share average fell 0.5% to 37,936.68 following declines on Wall Street. Technology stocks led the drop, with companies like Tokyo Electron and Advantest pulling the index down. Broader Topix also dipped 0.2%. The yen's recent strength against the dollar further dampened market mood.
Major central banks now aligned as Powell signals Fed cuts ahead
While the alignment of major central banks, including the Fed, on interest rate cuts has eased some investor concerns, significant uncertainties persist. The lack of clarity on the pace of future rate reductions, coupled with emerging concerns about weakening labor markets and economic growth, are contributing to this uncertainty. The focus of policymakers is shifting from combating inflation towards addressing these new economic challenges.
Daily Trading Desk: Short term trading gains of 7 % in a speciality chemical and 8 % in engineering major.
In bullish markets, select stocks from different sector getting their momentum back.
Sugar sector: Ethanol price hike & aggressive implementation on the way? 5 sugar stocks with upside potential up to 25%
On Tuesday when the whole market was crashing, it was select sugar stocks which were amongst the gainers. There were some reports which suggested that the government might soon be hiking the price of ethanol. Also the government would be getting more aggressive with the implementation of blending with petrol. Yes, it might happen, but the question is that whether price hike is the reason why one should be bullish on sugar stocks or the fact that sugar industry has become a part of the clean energy chain and their balance sheet has become better than what it use to be, debt levels are better and growth would be consistent. Knowing the reason and understanding is critical because when you know the reason it helps in staying with stocks till the time the whole growth story plays out, if one does not know the reason and has bought it on hear say one might just sell in any corrective move which market is bound to witness at regular intervals.
Vedanta shares rally 3% post Q1 results. What analysts say?
Vedanta Share Price: Vedanta's shares increased by 3% following its report of a 37% year-on-year growth in consolidated net profit, reaching Rs 3,606 crore for the first quarter. Revenue from operations grew by 6%, and EBITDA jumped by 47%. Analysts offered mixed views on the stock, with Nuvama recommending a buy and Motilal Oswal remaining neutral.
M-cap of 8 of top 10 firms plunges Rs 1.28 lakh crore; TCS, Infosys biggest laggards
Bharti Airtel's market valuation went lower by Rs 11,821.5 crore to Rs 8,50,389.88 crore and that of ICICI Bank diminished by Rs 7,843.75 crore to Rs 8,42,176.78 crore.
ITC shares jump 1% post marginal miss on Q1 estimates. Should you invest?
ITC reported a minor increase in first-quarter net profit to Rs 4,917.45 crore, falling short of street estimates. Revenue in its FMCG and hotel segments rose, while cigarette business volumes grew steadily. Analysts maintain a positive outlook, setting target prices between Rs 530 and Rs 585.
GIFT Nifty falls 250 points. Here's the trading setup for today's session
The domestic markets closed slightly higher as Nifty surpassed the 25,000 milestone, amid a consolidation phase. The Nifty futures indicated a negative opening. Global markets showed mixed trends, and oil prices saw a minor rise. Several stocks entered the F&O ban, and multiple companies were due for Q1 results announcements.
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