BUSINESS
Sensex Surges Past 83K, Nifty Hits Lifetime High Amid Rally in Blue-Chip Stocks and Global Markets
A fierce fag-end rally propelled the 30-share BSE Sensex beyond the 83,000 mark for the first time. The benchmark surged 1,593.03 points or 1.95 per cent to an all-time intra-day high of 83,116.19 during the final hour of trade. It closed at an all-time high of 82,962.71, up 1,439.55 points or 1.77 per cent.
UK Economy Flatlines Again in July, Reports ONS
The economy of the UK did not grow for the second consecutive month, the Office for National Statistics said.
Sensex Drops 398 Points, Tata Motors and SBI Lead Losses
Banking stocks were in the frontline of selling with Nifty Bank losing 262 points or 0.51 per cent to 51,010.
PN Gadgil Jewellers Raises Rs 330 Crore from Anchor Investors Ahead of IPO
The anchor investors are ICICI Prudential Life Insurance Company, Tata MF, Axis MF, Mirae Asset MF, HDFC MF, Bandhan MF, Nippon India MF, Goldman Sachs (Singapore) Pte, Citigroup Global Markets Mauritius, Societe Generale, Troo Capital and The Jupiter Global Fund.
Ram Temple construction in Ayodhya likely to generate Rs 400 cr GST, Says Champat Rai
However, the actual collection figure in terms of tax would be known after completion of the construction works, Rai said at a public felicitation function here.
Supreme Court Overturns Bombay HC Ruling Penalizing SEBI, BSE, and NSE in 'Account Freezing' Case
The fine was imposed for the 'erroneous freezing' of the demat accounts of two Mumbai residents who were 'erroneously' labeled promoters.
Geopolitical Tensions, Digital Revolution, and Climate Change Redefine Global Development: WTO
The WTO further estimated that geopolitical tensions, regional conflicts, and trade sanctions have hit the stable foundation of world economic growth over the last 30 years and may result in trade fragmentation.
India’s Defence Exports Expected to Grow by 18% by 2030: Report
The report further said that the government is also building bilateral relations in order to encourage exports in the international market. The potential market opportunity for Indian defence companies is expected to increase at 14 per cent CAGR between FY24 to FY30E, said the report. "On one hand, the Indian government is emphasizing indigenization of defence. On the other hand, export of defence equipment is also being encouraged. This will increase the order inflow in the defence sector," the report mentioned.
Sensex Drops 1,017 Points; Investors Face Losses Exceeding ₹5 Lakh Crore
The market capitalization of all listed firms on the BSE went down by almost Rs 5.3 lakh crore to Rs 460.04 lakh crore as a result of the sharp fall. On Thursday, it was Rs 465.3 lakh crore.
India's Forex Reserves Rise by $2.3 Billion to Record High of $683.9 Billion
In the week ended August 23, the country's forex reserves jumped $7.023 billion to touch a new high of $681.68 billion.
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