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Refresh- Budget 2024 Expectations: Policies and reforms needed to boost NRI investments in Indian real estate
The Indian real estate market is experiencing a rise in NRI investments. Policies like RERA and reforms in financial transactions are attracting overseas buyers. With a focus on luxury housing, India's real estate sector is poised for growth and economic benefits.
- SBI Card shares fall 0.87% as Nifty drops
The stock quoted a 52-week high price of Rs 892.75 and a 52-week low of Rs 649.0.
- Participating in the India growth story through Nifty50 ETF
A Nifty50 ETF or exchange-traded fund is a passively managed fund that invests in the constituents of the Nifty50 index to replicate its index constituents and consequently its returns.
- One police personnel killed and one injured in hit-and-run case in Pune
The accused fled the scene, leaving the officers injured. One police personnel succumbed to injuries and the other is undergoing treatment at a local hospital.
- Tata Power shares drop 1.54% as Sensex falls
On the technical charts, the RSI of the stock stood at 46.99.
- Vedanta stock price down 1.01 per cent as Sensex slides
As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.78 per cent and domestic institutional investors had 3.55 per cent.
- Nehru in 1955, Indira in 1983 and now PM Modi to visit Austria after 41 years
Prime Minister Narendra Modi's upcoming visit to Austria on July 9-10 marks the first prime ministerial visit from India in 41 years, coinciding with the 75th anniversary of diplomatic relations between the two countries. The visit aims to strengthen bilateral ties with a focus on areas such as infrastructure, renewable energy, and high technology.
- Marico, Dabur shares surge up to 7% post Q1 updates
Dabur India and Marico witness stock price surge following positive Q1 updates. Dabur anticipates single-digit growth with focus on India and international segments. Marico reports uptick in volume growth and strategic collaboration with Kaya. Global brokerage firms maintain ratings and set target prices for both companies.
- ITR filing FY 2023-24 FAQs: Name of taxpayer in ITR does not match with name in PAN database; here’s what you can do
The Income Tax Department has released common Frequently Asked Questions (FAQs) faced by taxpayers during filing their returns for AY 2024-25. Here some of the important FAQs as per the tax department’s website.
- Delhi HC seeks Tihar reply to Arvind Kejriwal's plea for additional meetings with lawyers
The Delhi High Court has requested Tihar Jail authorities to respond to Chief Minister Arvind Kejriwal's plea for additional virtual meetings with his lawyers. Kejriwal, arrested in Delhi excise scam cases, has challenged a trial court's order rejecting his request for two additional meetings per week with his lawyers via video conference. The jail authorities have been allowed two meetings per week.
- Pidilite Ind shares drop 0.88% as Sensex falls
The stock quoted a 52-week high of Rs 3232.3 and a 52-week low of Rs 2293.1.
- Mumbai's rain woes turn into meme fest on social media: Check out some of these hilarious posts
Mumbai experienced a deluge early this morning, with over 300 mm of rainfall in certain areas. The downpour caused significant train and flight disruptions, waterlogging, and school closures. Authorities issued an orange alert, with more rain expected. Amidst the challenges, social media provided some comic relief. Emergency services and municipal authorities are actively addressing the situation to minimize the impact on residents.
- Share price of DLF falls as Nifty weakens
A total of 15,261 shares changed hands on the counter till 11:57AM (IST).
- How leaders can plan the right employee experience practices
Enhancing employee experience is crucial for organizational success. Industry experts emphasize the importance of addressing employee needs, fostering open communication, and prioritizing well-being. Strategies include attracting top talent, engaging employees, and investing in continuous development.
- Ashok Leyland shares decline 0.76% as Sensex slides
A total of 330,255 shares changed hands on the counter till 11:52AM (IST)
- Confident of achieving 45-55% growth this financial year: Avinash Godkhindi, Zaggle Prepaid
So, it is great that more and more people are coming into the formal sector and organised employment. And as they come into organised employment, they get PF, ESIC, they pay your taxes and eventually they want to save on those taxes.
- Nikhil Kamath lands in controversy: Zerodha co-founder accused by Liver Doc of promoting alcohol myths
In response to a widely-discussed podcast, Dr. Cyriac Abby Philips, known as 'The Liver Doc,' criticised Zerodha co-founder Nikhil Kamath for glamorizing the alcohol industry as beneficial healthcare. Philips, highlighting his daily experiences treating alcohol-related health issues, denounced the promotion of moderate alcohol consumption as misinformation.
- Bharat Forge shares decline 1.36% as Sensex slides
A total of 27,001 shares changed hands on the counter till 11:47AM (IST)
- Sister of North Korean leader Kim calls South Korea's live-fire drills 'suicidal hysteria'
Kim Yo Jong, the influential sister of North Korean leader Kim Jong Un, condemned South Korea's recent front-line live-fire drills as "suicidal hysteria" and warned of military actions if further provoked. She criticized South Korea's conservative government for escalating tensions near the border, which she claimed were aimed at diverting attention from domestic political issues. Kim Yo Jong's statement, carried by state media, hinted at potential military responses if North Korea perceives South Korean actions as violating its sovereignty or provoking war.
- France shifts to the left, but risk of policy paralysis looms
France's parliamentary elections resulted in a hung parliament, with the leftist New Popular Front (NFP) blocking Marine Le Pen's far-right surge. President Macron's centrist alliance faces a weakened position, complicating government formation and policy-making. With no clear majority, France's political future remains uncertain, just weeks before hosting the Olympic Games
- Budget 2024: FDI makeover on the horizon? Govt eyes major overhaul in defence, insurance and plantation
The Indian government is considering reviewing FDI caps for key sectors like defence, insurance, and plantations to streamline processes and boost investment. This move aims to address stagnating FDI flows, despite India's 'China Plus One' strategy.
- Japan and the Philippines sign a defense pact in the face of shared alarm over China
Japan and the Philippines signed a landmark defense pact allowing Japanese forces to conduct joint military exercises, including live-fire drills, in the Philippines. The Reciprocal Access Agreement, signed by Philippine Defense Secretary Gilberto Teodoro and Japanese Foreign Minister Yoko Kamikawa, will enable Filipino forces to enter Japan for joint training. This pact, pending legislative ratification, aims to bolster defense cooperation amid China's growing assertiveness. The agreement aligns with Japan's increased defense spending and strategic alliances, and supports the Philippines' efforts to defend its interests in the South China Sea.
- Haste to take soil from near godman's feet caused stampede: Hathras eyewitness
In Hathras, Uttar Pradesh, a stampede at a religious gathering led to 121 deaths as devotees rushed to collect "Baba's Charan Dhul" (soil from the godman's feet), according to eyewitness Sudhir Pratap Singh. The godman allegedly announced the collection, causing a chaotic rush where people fell and piled up. Meanwhile, advocate AP Singh, representing the godman, claimed the stampede was caused by unidentified men spraying poison, suggesting it was a planned conspiracy.
- Indian Oil Corp. shares gain 0.49% as Sensex falls
The stock quoted a 52-week high of Rs 196.8 and a 52-week low of Rs 85.51.
- Myth Debunking 101: You should never switch jobs during economic downturns
Switching jobs during economic downturns is risky. Murali Santhanam notes job security concerns; healthcare and tech remain stable. Ankit Agarwal cites competition, salary constraints, and urgent roles. Enhancing skills, leveraging networks, maintaining financial stability, and strategic branding help. Emphasizing adaptability, exploring non-traditional paths, and following practical strategies improve job prospects and career fulfillment.
- Govt, industry to discuss ways to promote growth of Indian toy sector on Jul 8
Government and industry to meet for discussions on boosting toy manufacturing and exports.
- Twelve more killed in lightning strikes in Bihar
Twelve more people have died in lightning strikes across seven districts in Bihar, bringing the total fatalities to over 40 in the past 10 days, including 22 in the last 48 hours. Bihar Chief Minister Nitish Kumar expressed condolences and announced an ex-gratia of Rs 4 lakh to the families of the deceased. He urged residents to stay indoors during thunderstorms and follow disaster management advisories. The recent deaths include three each in Jamui and Kaimur, two in Rohtas, and one each in Saharsa, Saran, Bhojpur, and Gopalganj.
- Lupin shares down 0.16% as Nifty drops
A total of 9,616 shares changed hands on the counter till 11:36AM (IST).
- Will small and midcap rallies continue and have more momentum vs largecaps? Vinit Sambre explains
Vinit Sambre says that given today’s valuations, incrementally investors should align to slightly longer-term thinking. Near-term could be challenging and maybe for one year, one should give up returns expectation is what I can sort of guide or warn the investors, is what Sambre says to guide or warn the investors.
- Samsung Electronics workers strike as union voice grows in South Korea
The National Samsung Electronics Union (NSEU), whose roughly 30,000 members make up almost a quarter of the firm's South Korean workforce, also wants an extra day of annual leave for unionised workers and changes to the employee bonus system.
- 'Many more to come': Yuvraj Singh to Abhishek Sharma after his maiden T20I hundred
India opener Abhishek Sharma's second T20I against Zimbabwe was made even more special after former all-rounder Yuvraj Singh congratulated him for his maiden ton for the country in the shortest format of cricket. Sharma bounced back from a nightmarish start to his T20I career, scoring a quick-fire hundred in the second T20I.
- IT stocks in focus ahead of June Qtr results; TCS, Cyient top buy which could give 15-18% return
The IT industry anticipates a slow start to the year with concerns over weak first-quarter performance. Mid-tier companies may see growth opportunities in 'pre-GenAI' spending. Margins are expected to be stable amid macro uncertainties. TCS and Cyient are highlighted as potential investment options.
- LTIMindtree shares drop 0.73% as Sensex falls
A total of 4,145 shares changed hands on the counter till 11:31AM (IST)
- HDFC Bank increases loan interest rates by up to 10 basis points; loan EMIs to rise further
The bank has increased the lending rates by up to 10 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now range between 9.05% and 9.40%.
- South Korea's Yoon to discuss Pyongyang's 'distinct threat' to Europe at NATO
South Korean President Yoon Suk Yeol plans to discuss North Korea's threat to Europe, due to its military ties with Russia, at the NATO summit in Washington. Yoon emphasized that Russia must choose its alignment, warning that military cooperation between Russia and North Korea threatens global security. He noted that South Korea's support for Ukraine would depend on Russia's actions. Yoon aims to strengthen South Korea's security ties with Europe and the U.S. and boost its role in global security matters. South Korea will also host a NATO cyber defense exercise in September.
- Mumbai schools and colleges closed due to heavy rains, waterlogging; NDRF teams deployed
Mumbai's Brihanmumbai Municipal Corporation (BMC) declared school and college closures as heavy rain caused waterlogging and disrupted transport. The India Meteorological Department (IMD) forecasted continued heavy rainfall in Mumbai and nearby regions. The Central Railway services and flights were impacted, with delays and cancellations reported. Mumbai University postponed exams, and Goa announced school closures in response to the weather alert. Authorities are monitoring the situation for further decisions.
- Jubilant Food shares down 0.44% as Nifty drops
A total of 15,891 shares changed hands on the counter till 11:26AM (IST).
- Stock market update: Mining stocks up as market falls
The 30-share BSE Sensex was down 148.68 points at 79847.92
- Trent shares down 0.15% as Nifty drops
A total of 8,424 shares changed hands on the counter till 11:21AM (IST).
- Stock market update: FMCG stocks up as market falls
The 30-share BSE Sensex was down 135.77 points at 79860.83
