Spain secured their place at the 2026 World Cup after a nervy 2-2 draw with Turkey in Seville on Tuesday.
SRF Ltd approved a proposal to put up facilities at the company's chemical business plant at Bhiwadi for manufacture of chemicals required by pharma and agrochemical industries at a cost of Rs 200 million.
The stocks are largely from sectors such as chemicals, finance and cement, which struggled earlier but the worse seems to be behind them.
The last time these two indexes recorded a negative performance on a calendar year basis was in CY19.
Digvijay Singh, Amandeep Johl, Gaurav Ghei and Uttam Singh Mundy joined the casualty list.
Top seed Arjun Atwal suffered a heat stroke and gave Vijay Kumar a walkover in his semi-final.
The 34-year-old beat Rahil Gangjee in the final.
The chemicals sector's recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue. Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement. Despite some price stability, the demand trajectory remains uncertain.
If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels.
Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
In view of the discharge of water from the Khadakwasla, Mulshi, Pavana and other dams in the Pune region, Maharashtra Chief Minister Eknath Shinde directed authorities to be alert and shift people from dangerous zones to safer places.
Midcap stocks Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch, and Samvardhana Motherson are expected to earn upgrades.
Images from the Euro 2024 Group A match between Switzerland and Germany, in Frankfurt, on Sunday.
The weak April-June quarter (first quarter, or Q1) results of the largest listed specialty chemical maker, SRF, and multiple global headwinds for the sector are expected to weigh on the prospects of Indian specialty chemical companies in 2023-24 (FY24). Stocks in the sector (down 7-18 per cent) have underperformed the benchmarks (up over 10 per cent) in the past three months, and given the multiple challenges, the trend is likely to continue. Kotak Institutional Equities expects a very weak quarter (Q1FY24) for the sector due to destocking, demand weakness across certain critical end-use industries, and price erosion amid intense competition from Chinese suppliers.
Since their highs in September, chemical stocks have underperformed the benchmarks and broader indices over the past month with larger players witnessing a 9-22 per cent fall during this period. Expectations of weak September quarter results amid high inventory, demand woes and weak realisations have led to the underperformance.
https://www.rediff.com/business/report/quality-control-orders-what-does-this-mean-for-domestic-industry/20240425.htm
Officials and politicians in Basel have begun discussions on how to honour the 20-time Grand Slam singles champion
The IAF plea has claimed that the 'information so sought includes details related to the entire entourage, names of Special Protection Group personnel accompanying the Prime Minister of India on foreign tours for his personal safety, and the same, if disclosed, can potentially affect the sovereignty and integrity of India, the security, strategic, scientific or economic interests of the State'.
The National Stock Exchange (NSE) Nifty Next 50 Index could undergo large-scale changes if the proposed tweaks to its computation methodology get implemented. In a discussion paper floated recently, NSE Indices, which owns and manages a portfolio of over 350 indices under the Nifty brand, proposed that only stocks that are traded in the futures and options (F&O) segment can be part of the index. Currently, as many as 11 non-F&O stocks are part of the Nifty Next 50 Index, which, as the name suggests, represents the next rung of large and liquid securities after the Nifty50.
Start-ups Zomato, PB Fintech, One97 Communications, and FSN E-Commerce Ventures have entered the large-cap category after the latest reclassification exercise by the Association of Mutual funds in India (Amfi). This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price. Others such as Mindtree, SRF, IRCTC, Tata Power, JSW Energy have been moved from mid-cap to large-cap category.
'Investors should continue to invest because you are looking at the long-term; in the next four to five years, we are bound to outperform (the rest of the world equity markets).'
Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).
Roger Federer will make his return to the tennis circuit from a double knee surgery at an ATP 250 tournament in Qatar in March, having not played since last year's Australian Open.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit a new high of Rs 4,512 after surging 8 per cent on the BSE in Wednesday's intra-day trade, on the back of heavy volumes, ahead of 1:5 stock split. The trading volumes on the counter more-than-doubled today, with a combined 7.02 million equity shares having changed hands on the NSE and BSE till 11:19 am. In the past one week, the stock of the state-owned travel support services company has rallied 20 per cent after the company on September 29, 2021, said that it has fixed October 29, 2021 as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.
Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. Forbes released 2020's top 100 richest Indians on Thursday, which included newcomers, Sanjeev Bikhchandani, co-founder of Info Edge (India), who owns popular job and property websites; siblings Nithin and Nikhil Kamath, co-founders of discount stock brokerage Zerodha Broking, and three specialty chemicals producers - Vinod Saraf, founder of Vinati Organics, Arun Bharat Ram, the patriarch of SRF, and brothers Chandrakant and Rajendra Gogri of Aarti Industries. Other newcomers included Delhi-based brothers Ramesh Kumar and Mukand Lal Dua of Relaxo Footwears, which owns affordable footwear brands; dairyman, R G Chandramogan of Hatsun Agro; Premchand Godha, who chairs IPCA Laboratories, manufacturing formulations, bulk drugs and drug intermediates; G Rajendran, founder of jewellery chain, GRT Jewellers.
Of the total scrips traded, 1,998 advanced, 631 declined and 184 remained unchanged.
The fifth seeded Kolkatan scored the narrowest of wins on the opening day of the SRF All-India Matchplay Golf Championship.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
A quaint Indian idea called face value is putting high-performing companies out of the reach of retail investors, observes Debashis Basu.
The number of Indian companies was second only to the 65 firms from both China and Hong Kong that found a place in the list.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Amid the rapid industrialisation and environmental degradation, industries and corporates have chalked out a mantra for economic growth, environment and equity or EEE.
From cardboard cut-outs of real fans to an app allowing supporters to influence the volume of noise piped into stadiums, people are developing ideas for how to put some matchday atmosphere back into the stadiums -- though whether their ideas are accepted is a different matter.
The defending champion and second seed posted contrasting victories at the Rs 10 lakh SRF Matchplay Golf Championship 2004.
Two-time Indian Open winner Ali Sher held his nerve to enter the third round in the SRF Matchplay Golf Championship.
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