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Company Stock
Aug 29, 2023

This Ashish Kacholia stock jumps 12% to hit new 52-week highs; here's why

Shares of Balu Forge Industries surged 12% to hit 52-week high.

Its board will meet on September 4 to consider a preferential issue.

Seasoned Investors Ashish Kacholia owns 2.23% stake in it.

Company Stock
Aug 29, 2023

RailTel shares cross Rs 200 mark for first time; can they hold onto gains?

In terms of technicals, the relative strength index (RSI) of RailTel stands at 69.1, signaling neither the stock is overbought nor oversold.

The stock has a one-year beta of 0.9, indicating low volatility during the period.

The multibagger stock has zoomed 101 per cent in a year and risen 50.75 per cent this year.

World
Aug 29, 2023

Ahead of G20 Summit, China shares ‘standard map’ with Arunachal Pradesh, Aksai Chin

China shared the latest map with Arunachal Pradesh and Aksai Chin as part of its territory

Beijing also included the island of Taiwan and the disputed South China Sea in the new map

This, however, is not the first time that China has staked claims on parts of Arunachal Pradesh

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Company Stock
Aug 29, 2023

Rashtriya Chemicals shares climb 7% as govt grants ‘Navratna’ status

The share hit a 52-week high of Rs 144.80 on December 15, 2022 and a 52-week low of Rs 89.50 on March 28,2023.

In terms of technicals, the relative strength index (RSI) of Rashtriya Chemicals stock stands at 64.5, signaling it's neither trading in the overbought nor in the oversold zone.

The stock has a beta of 1.1, indicating high volatility in a year.

Trends
Aug 29, 2023

‘Jailer’ team to remove scene with RCB jersey after Delhi High Court order

In a scene of ‘Jailer’, a murderer is wearing the IPL team RCB’s jersey.

The film will be altered for cinema halls by September 1.

Jailer’s total worldwide collection stood at Rs 612.41 as of Tuesday.

News
Aug 29, 2023

‘It's probably not going to work out for you’: Amazon CEO warns employees working from home

As per the company guidelines, the remote workers are expected to report to the main hub by the first half of 2024

Amazon made over 27,000 job cuts worldwide this year

Reportedly, Amazon spokesperson Rob Munoz said that the company pays relocation benefits to all employees who are asked to relocate

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Auto
Aug 29, 2023

New Hero Karizma XMR 210 launched in India at Rs 1.73 lakh; check details

The new Karizma XMR 210 has introduced by none other than Hrithik Roshan

The new bike takes a lot of inspiration from its iconic older version

The bike is available in three colours: yellow, red and black

Auto
Aug 29, 2023

Maruti Suzuki appoints Schneider’s exec Arnab Roy as new CFO; Ajay Seth to retire

Maruti Suzuki has appointed Schneider executive Arnab Roy as its Chief Financial Officer (CFO) from January 1, 2024

Prior to the appointment as whole-time CFO, Arnab will join Maruti Suzuki as CFO-designate, with effect from October 16, 2023

Present CFO Ajay Seth shall be retiring from the post of whole-time CFO with effect from Dec 31, and shall continue as member of executive board afterwards

In Focus
Aug 29, 2023

Africa, many parts of Europe, and South America offer fertile grounds for India's digital stack

Nandan Nilekani, the co-founder of Infosys and the founding chairman of UIDAI (Aadhaar), foresees India’s digital public framework expanding to 50 nations in the next five years

Nilekani, who was part of the B20 Summit India 2023, said how India’s proven strategies can aid other countries in establishing robust digital platforms

India’s stack began with the launch of Aadhaar ID numbers, followed by e- Know Your Customer (eKYC) for swift and paperless identity verification

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Company Stock
Aug 29, 2023

This multibagger garment maker's shares zoomed 20% to hit one-year high today; time to buy, sell or hold?

The stock today rallied 20 per cent to hit a 52-week high of Rs 736.30 against its previous close of Rs 613.60.

The multibagger stock has soared 107.23 per cent in the past one year and 99.78 per cent in 2023 so far.

Today's sharp up move in the share price came after the company said it has expanded its global presence.

Stocks
Aug 29, 2023

Tata Motors, Maruti Suzuki, M&M, Hero Moto, AL: Auto stocks that analysts like ahead of Aug sales data

The 10-day long Onam festival is in August in this year against September in the previous year.

Dealers have not observed a material change in retail sales trend in August compared with July.

Motilal Oswal expects two-wheeler retail sales for August to improve 4-5 per cent YoY.

Corporate
Aug 29, 2023

Exclusive: Kapil, Dheeraj Wadhawan flout jail rules; meet family in pretext of medical check-ups

Wadhawan brothers found defying jail confinement to meet family, enjoy food under the pretext of medical checkups

Kapil and Dheeraj Wadhawan would leave the jail and go to a hospital parking lot to meet family and associates

They were found to be escorted by the police who were also given snacks

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Company Stock
Aug 29, 2023

Gensol Engineering shares hit upper circuit after bagging EPC projects in Dubai

Shares of Gensol Engineering hit an upper circuit on Tuesday.

It has bagged EPC projects in Dubai worth Rs 101.6 crore.

The stock has gained 75% in the last two months.

Trends
Aug 29, 2023

G20 Summit: New Delhi gears up for mega event, security beefed up; public holidays announced

US President Joe Biden, Chinese President Xi Jinping, Türkiye President Recep Tayyip Erdoğan and many other world leaders will visit India in the second week of September for the G20 Summit

The G20 Summit will be held in the national capital on September 9 and 10

As part of the preparations, multiple hotels in Delhi-NCR have been earmarked for attendees. Rooms have been booked in leading hotels including ITC Maurya, Taj Palace, Shangri-La

Trends
Aug 29, 2023

'Why didn't you go to Pakistan?': Delhi govt schoolteacher booked for making communal remark in class

In Delhi, four kids at a government school have accused their teacher of using communal remarks in the class

The students claimed their teacher had questioned them about why their families did not move to Pakistan during the Partition

The Delhi Police have registered a case against Gandhi Nagar’s Sarvodaya Bal Vidyalaya teacher named Hema Gulati

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News
Aug 29, 2023

Asia Cup, ICC World Cup 2023: Disney betting big on its free cricket model amid streaming war with other players

In June this year, Disney+ Hotstar announced that Asia Cup and ICC Men’s Cricket World Cup tournaments will be made available as free-to-view to all mobile phone users.

Making cricket free on mobile will help "450 million-plus customers to tune in" over 48 days of the 50-over World Cup that is being hosted by India, Disney said.

The streaming service platform is trying to encash the strategy so that it can boost advertising revenue and offset the impact of a subscriber exodus.

Tax
Aug 29, 2023

ITR filing: Can you revise your return after receiving a tax notice from the income tax department?

You can revise your income tax return after getting a notice.

Under Section 139(5), the Income Tax Act entitles taxpayers to revise their IT returns.

You can file a revised return by December 31 of the Assessment Year.

Company Stock
Aug 29, 2023

Suzlon Energy shares hit 52-week high for second session; Rs 39 price target looks likely?

The stock opened higher at Rs 24.30 on Tuesday.

On Monday, Suzlon Energy shares rose 4.95% to Rs 23.49, a 52-week high on BSE.

Turnover and volumes were high for the Suzlon Energy stock with 210.76 lakh shares of the firm changing hands amounting to a turnover of Rs 51.67 crore on BSE.

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Global Markets
Aug 29, 2023

Wall Street ends higher as investors await US inflation, jobs data

Company Stock
Aug 29, 2023

Adani Enterprises, Adani Green, Adani Power shares: Adani stocks react as SC hearing on Hindenburg case postponed

Adani Green Energy Ltd fell 1.14 per cent to Rs 968.90 and was off its day's high of Rs 985.

Adani Total Gas was up 0.34 per cent at Rs 657.95. Adani Wilmar Ltd shares were flat at Rs 371.60.

The next hearing date for Adani-Hindenburg case will be clarified by evening, as per reports.

Corporate
Aug 29, 2023

Adani-Hindenburg: SC postpones hearing; Sebi awaiting response from 5 tax havens

Sebi was probing allegations made by US-based Hindenburg Research in January this year, wherein it accused the Adani Group of stock manipulation, fraudulent transactions and other financial misdeeds.

On August 25, Sebi summitted its status report on the investigation into the allegations

Sebi's report shed light on the progress of the extensive probe, which encompasses a total of 24 investigations related to various aspects of the Adani conglomerate's activities.

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