‘First mobile tower installed in Siachen’, Anand Mahindra lauds ‘BIG news’ of world's highest battlefield | See pics
First-ever mobile tower installed in Siachen at world's highest battlefield. Jawans now strongly connected to families with new mobile tower in Siachen. Key Points
mintAuction of PM Modi’s mementos kicks off
The fifth annual auction of mementos presented to PM Narendra Modi began, with a painting of Banaras Ghat set at the highest quoted price of ₹64.8 lakh. | Latest News India Key Points
Hindustan Timeshighest dividend-yielding small-cap shares in June; these 15 shares have paid up to 35% yields to shareholders
T.V. Today Network and Bhansali Engineering Polymers were the highest dividend yielding small-cap shares over the past twelve months, according to an Axis Securities report. Key Points
FinancialexpressIndia plays catch-up as Vietnam rates rally to highest since 2008
Prices of parboiled rice from leading exporters, including Vietnam and India, rose due to limited supplies. Vietnamese 5% broken rice reached its highest level since July 2008, at $660 to $665 per metric ton. India's 5% broken parboiled variety saw prices at $505 to $512 per metric ton, the highest in two months. Key Points
Economic TimesDisney Star sees record IPL viewership after 66 matches, TVR logs 43% growth for week 7
A total of 48.2 crore viewers tuned in to the live broadcast of TATA IPL 2023 for the first 66 matches on the Disney Star Network, the highest ever reach for any edition of IPL surpassing the previous highest registered in 2019, the media giant said citing BARC data. Last month, Disney Star said it had taken just 29 matches of this years edition of the cricket league to break the TV viewership record set in the whole of the 2022 edition. Key Points
Economic Times
Southern Railway reports highest-ever revenue at Rs 6,345 cr in FY2022-23
In the freight segment, Southern Railway said it had achieved many firsts, including the highest ever loading of cargo at 4.05 metric tonne, highest ever loading of petroleum at 5.2 metric tonne, and food grain loading at 3.23 metric tonne, among others. The railway zone generated its highest ever revenue from freight during the last financial year at Rs 3,637.86 crore as compared to Rs 3,059 crore recorded in 2018-19. Key Points
Economic TimesAsia shares hit 15-month high as traders wait for CPI
By Tom Westbrook SINGAPORE (Reuters) - Asian shares hovered around 15-month highs on Tuesday and the dollar was firm ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed Key Points
ThePrintAt 36.4°C, Bengaluru Friday temperature highest for March in 5 years
BENGALURU recorded high March temp due to global warming and El Nino. Dry climate expected with heatwave alert. Elevated temps predicted for Karnataka Key Points
Times Of IndiaGold hits 3-week high as dollar eases on US rate cut bets
By Deep Kaushik Vakil (Reuters) - Gold touched its highest in more than three weeks on Wednesday, as traders bought zero-yield bullion in anticipation of U.S. interest rate cuts next year, while a dip Key Points
ThePrintHeavy rains in Delhi: Schools to remain closed on Monday; govt asks officials to be on field
Delhi schools will remain closed on Monday, as incessant rains brought life to a halt. The capital recorded 153 mm of rain in 24 hours ending 8:30 on Sunday, the highest in a single day in July since 1982, the India Meteorological Department said. Key Points
Economic Times
On March 21, Mumbai witnessed highest single-day rainfall in month in 17 years
Mumbai received 16.6 mm of rainfall on March 21, the highest in a day in March since 2006, the India Meteorological Department (IMD) has said, adding that it is very unusual for Mumbai to witness rains in March. Key Points
The Hinduhighest dividend-yield mid-cap shares: Oil India, Sanofi, ICICI Sec, HPCL, Torrent Power, more
REC and Sanofi India have the highest dividend yields at 10% and 9% respectively. Here's a look at other other high dividend-yielding midcap stocks. Key Points
FinancialexpressMaxwell's 201* knock set multiple records. Check here
Glenn Maxwell's remarkable unbeaten 201 in the ICC World Cup against Afghanistan stunned the cricketing world. With Australia reeling at 91 for seven, Maxwell's 201*, featuring 21 fours and 10 sixes, made him the first non-opener to score a men's ODI double century. He also secured the highest individual score for Australia in Men's ODIs, surpassing Shane Watson's 185*. Key Points
Economic TimesGift Nifty, Asian markets to US Fed rate hike - key triggers for Indian stock market today
The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation. Key Points
mintSobha Q4 results: Share price surges over 9% on strong net profit growth
During Q4FY23, Sobha Ltd achieved its highest ever quarterly sales value of ₹1,463 crore, with best average price realization of ₹9,898/sq.ft. and recording highest SBA sales at 1.48 mn sq.ft. Key Points
mint
Karnataka’s public gets more decisive, winning MLAs poll more than half of vote share
According to a report by non-profits Karnataka Election Watch and Association for Democratic Reforms, this year's assembly elections in Karnataka saw an improvement, with winning candidates obtaining an average of 50% of the vote share, compared to 48% in the 2018 elections. Deputy Chief Minister designate DK Shivakumar achieved the highest margin of victory with 64.21% in his constituency Kanakapura. Key Points
Economic TimesIndia’s unemployment rate climbs to four-month high in April
The nationwide joblessness rate rose to 8.11% in April from 7.8% in March, the highest since December. Urban unemployment climbed to 9.81% from 8.51% in the same period while in the rural areas, it fell marginally to 7.34% in April from 7.47% a month ago. Key Points
FinancialexpressOrder of the Nile to Legion of Merit: List of PM Modi’s state honours
Over the past nine years, PM Modi has been accorded with the highest state honours on several occasions. From Companion of the Order of Logohu in Papua New Guinea, to the Order of the Nile in Egypt, take a look at all such state honours awarded to PM Modi. Key Points
India TodayWho is Thierry Delaporte, highest paid CEO in India? Know his salary
Thierry Delaporte is the highest paid CEO in India, with a whopping salary package. Here is all you need to know about the Wipro boss. Key Points
Hindustan TimesDelhi-NCR’s micro markets continue to stay buoyant
The real estate markets in the top three micro-markets of Delhi-NCR – Delhi, Noida and Gurgaon – are witnessing an upswing in demand and value. Real estate continues to be the best investment option in Delhi-NCR micro-markets, with people choosing to prefer these cities over others to live. In a report by Research & Reports […] Key Points
Financialexpress
India's March manufacturing PMI rises to 16-year high as output and orders jump to highest since October 2
India's manufacturing sector ended FY24 with remarkable performance, as reflected in the HSBC India Manufacturing PMI hitting a 16-year high of 59.1 in March. Strong output and new orders prompted increased hiring, yet concerns over inflation caused overall sentiment to dip to a four-month low, despite optimism in certain areas. Key Points
Economic TimesPrivate sector activity rises to eight month high of 61.3 in March
Indias private sector output rose to its highest level in eight months to 61.3 in March compared with 60.6 in the previous month, according to results of a private survey released Thursday. Key Points
Economic TimesBitcoin near $54,000 mark, the highest in two years
Bitcoin saw a rise of up to 3.5 percent, reaching $53,600. The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69,000 the preceding month. Key Points
mintPadma Awards 2024: Full list of winners to be conferred with Padma Vibhushan, Padma Bhushan and Padma Shri
Padma Awards 2024: The Padma Awards for 2024 are set to honor 132 distinguished individuals with India's highest civilian honors. The prestigious awards, conferred by the Government of India, recognize exceptional contributions in various fields. Key Points
Economic TimesBetter placed than many: 5 smallcaps from different sectors with more checks and balances
When it comes to smallcaps there is an interesting equation between desire and challenge. When the desire to own smallcaps is highest, challenges are also highest & vice-versa. Given the recent performance of smallcaps, the desire to own is highest but biggest challenge is to find good quality smallcaps with not-so-outlandish valuations. This is exactly opposite of what the situation was in last quarter of 2022, when valuations were not that expensive but there was hardly any clamour of buying into smallcaps. The reason why it is important to get the right smallcap is because only then return on higher and commensurate with the risks an investor is taking. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from smallcap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or Strong Buy and also meeting some parameters like net margins and return on equity. Key Points
Economic Times
States continue to pay high coupon on debt at 7.72 pc
Despite lower supply, the weighted average cut-off inched up to 7.72 per cent, which is the highest so far in FY24 from 7.71 per cent last week. The payout increased in spite of the weighted average tenor remaining unchanged at 11 years. Key Points
Economic TimesDalal Street indices climb to 2023 peak
The Sensex ended at a four-and-a-half month high of 61,749.25, up 555.95 points, or 0.91%, from Wednesday's close. The Nifty advanced 165.95 points, or 0.92%, from the previous close to end at 18,255.80 - the highest since December 21 last year. Key Points
Economic TimesUK unemployment edges up but pay growth beats forecasts
The Office for National Statistics said the unemployment rate rose to 3.8% - its highest since the second quarter of 2022 - rather than holding at 3.7%, as forecast by economists in a Reuters poll. Key Points
FinancialexpressTop 10 highest Valued Currencies In The World: US Dollar, Pound, Euro Don’t Top List! What’s The Value of INR? Check List
Top 10 highest Valued Currencies In The World: Did you know that the US dollar, said to be the most widely traded currency in the world and one that is popularly used as a reserve currency, is not the world’s highest valued currency. In fact, with a single US dollar, you can buy just 0.31 units of the world’s highest valued currency - the Kuwaiti Dinar! In fact, even the Euro doesn’t feature in the top 5 ranks! So which are the top 10 highest valued currencies and what is the Indian rupee’s value viz. the US dollar? The strength of a currency is based on several factors such as economic stability, demand and supply dynamics in the forex markets, inflation rates, policies etc. Let’s take a look: Key Points
Times Of IndiaIPL title rights base price set at ₹1,750 crore
On December 12, the BCCI released a tender for title sponsor rights for the IPL seasons 2024-2028. The tender will be available for purchase until January 8. However, insiders noted that another way to look at the right-to-match clause is that the BCCI intends to do price discovery as Tata Sons might not be inclined to pay more than the base price. Key Points
Economic Times
Tata Group's highest-paid CFO does not belong to TCS or Tata Steel
Balaji's annual remuneration saw an increase of 21 percent from FY22, as his total earnings in FY23 stood at Rs 16.73 crore. With this, he became not only the highest-paid employee at Tata Motors but also the highest-paid CFO within the Tata Group. Key Points
Economic TimesOil settles at highest in nearly 8 weeks on strong economic growth
By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled at their highest in nearly two months on Friday, their second weekly gain, as positive U.S. economic growth and signs Key Points
ThePrintU.S. maternal mortality more than doubled since 1999, most deaths among Black women - study
The number of U.S. women who died within a year after pregnancy more than doubled between 1999 and 2019, with the highest deaths among Black women, researchers said on Monday. Key Points
ReutersCrude oil jumps $5/bbl as surprise OPEC+ output cuts jolt markets
Brent crude hit the highest in nearly a month at the open, trading at $84.95 a barrel by 0039 GMT, up $5.06, or 6.3%. Key Points
FinancialexpressSensex, Nifty close at record high, Adani Enterprises gains over 8%
The S&P BSE Sensex settled 1.61% higher at 75,418.04, marking its highest closing level ever, while NSE Nifty50 gained 1.64% to close at a record 22,967.65. Key Points
India TodayGold rises to more than 3-week high as US rate cut bets firm
By Harshit Verma (Reuters) - Gold prices climbed on Thursday to highest in more than 3 weeks as the U.S. dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start Key Points
ThePrintOil jumps over 2% on Middle East strife and US rate cut hopes
By Alex Lawler LONDON (Reuters) -Oil jumped over 2% on Tuesday to the highest in almost a month, supported by Middle East strife and investor optimism that the U.S. Federal Reserve would soon start Key Points
ThePrintAsian shares rise as U.S. rate cut fever lingers, oil holds gains
By Stella Qiu SYDNEY (Reuters) - Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered near the year's end, while oil held onto gains from the past two days after Key Points
ThePrintUK output grows; inflation stronger
S&P Global said its purchasing managers' index edged up to 50.1, the highest reading in four months and above the threshold level of 50 dividing growth and contraction. It was up from 48.7 in October, a figure economists had expected would be repeated. The data indicate resilience in the economy that may ward off the risk of a recession in the coming months. Key Points
Economic TimesIndia jobless rate rises to more than two-year high, CMIE says
India's unemployment rate increased to its highest level in over two years in October, primarily due to rising joblessness in rural areas, according to data from the Centre for Monitoring Indian Economy Ltd. The overall unemployment rate rose to 10.05% in October, up from 7.09% in September, marking the highest rate since May 2021. Key Points
Economic Times
Just some more checks and balances: 6 smallcap stocks with upside potential of up to 39%
When it comes to equities, small caps have been the riskiest place to take exposure. When bears come roaring, they are the first one to fall and they are the last one to join the party. The reason, right from low liquidity to a balance sheet which will come under pressure as soon as there is any economic slowdown, last but not least is the quality of corporate governance. Having said that, it is also a space where if one is able to find the right stock at the right time, gains are much higher. So a space with the highest risk and highest reward. So while chasing reward, beware of risk. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesICC World Cup 2023: Rassie van der Dussen, Quinton de Kock and Aiden Markram lead South Africa hit highest total of 428
The Proteas bettered the previous World Cup best of 417 made by Australia against Afghanistan at Perth in 2015. Their 428-5 was also the ninth highest total in all one-day internationals. Key Points
mintNorwegian climber denies leaving dying guide behind to break world record at K2
Harila climbed the world's second highest mountain in July this year. She created a new world record as she climbed her 14th highest peak in over three months. | World News Key Points
Hindustan TimesIndia’s manufacturing PMI hits highest level since October 2020 in May
The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) surged to a 31-month high of 58.7 in May, with factory orders rising at the fastest clip since January 2021 and producers accumulating inputs at an unprecedented pace thanks to lower costs. Key Points
The HinduWorld's 'most criminal countries' ranking: India behind US, UK at 77 spot
India stood at 77 spots while the US and UK were ahead of India in the criminal ranking country. .The USA was at 55th number and the UK at 65th rank, according to the World of Statistics Key Points
mint
Pakistan swelters under intense heatwave, mercury crosses 52 degrees
In Mohenjo Daro, a town in Sindh known for archaeological sites that date back to the Indus Valley Civilisation built in 2500 BC, temperatures rose as high as 52.2 degrees Celsius over the last 24 hours. Key Points
India TodayIndia's factory growth at five-month high in February, cost pressures cool
Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. Key Points
Economic TimesInnova Captab listing tomorrow: Here's what GMP indicates ahead of debut
The shares of Innova Captab will debut on the exchanges on Friday. Ahead of the listing, the company's shares are commanding a premium of Rs 61 in the unlisted market. Key Points
Economic Times