Accompanying the Sensex, the Nifty also witnessed a notable uptrend, rising by 190.1 points to touch 22,337.10. This surge in the Nifty further reinforces the bullish trend in the market, indicating broad-based buying across sectors.
Explaining the rationale behind this move, the company stated that the subsidiary “shall carry out business in the field of Investment in Commercial Enterprises and Management.”
Former Reserve Bank of India (RBI) Governor D Subbarao the public should be made more aware of the cost and benefits of these freebies and that it is the responsibility of the government to educate the population on this.
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold. The category has been attracting regular inflows since the beginning of financial year 2023-24 in April.
Musk was expected to make an investment announcement and meet Prime Minister Narendra Modi during a two-day visit to India from Sunday (April 21). India's latest policy on cutting import taes for e-vehicles was a big win for Tesla, which had faced pushback from domestic carmakers.
During a calibration flight, specialised aircraft equipped with precise measurement instruments fly predefined patterns around the airport's airspace.
Among the Nifty firms, notable gainers included ONGC, Apollo Hospital, Cipla, ITC, and Dr. Reddy, while BPCL, HDFC Life, Bajaj Auto, Infosys, and Coal India were the prominent losers.
The billionaire will meet Modi in New Delhi, and will separately make an announcement about his investment plans in India.
The A350 aircraft on the Delhi-Dubai route will feature 28 private suites with full-flat beds in Business Class, along with 24 seats in Premium Economy and 264 seats in Economy Class. Notably, Air India initiated the induction of A350 planes this year.
The 30-share BSE Sensex declined 454.69 points to settle at 72,488.99. Meanwhile, the NSE Nifty declined 152.05 points to 21,995.85.
Ahead of the polls, states like Uttarakhand, Nagaland, and Tamil Nadu have declared special holidays to ensure citizens’ participation. States such as Arunachal Pradesh, Assam, Bihar, Chhattisgarh, and others have also announced bank holidays for April 19, 2024, in line with the elections.
Google announced significant restructuring plans, possibly resulting in employee layoffs, with CFO Ruth Porat conveying the message via memo. Porat cited the tech sector's platform shift towards AI, highlighting the need for tough decisions to align with priority areas.
The Indian stock market started with a gap-up, suggesting an upward trend. Following a day of closure for Ram Navami, the market swiftly opened with gains.
The same stood at Rs Rs 5.91 crore as against Rs 1.69 crore reported in the corresponding quarter a year ago.
Adani Family infused additional Rs 8,339 crore, taking total infusion to Rs 20,000 crore under the warrants program.
In its response, the SpiceJet said the offloaded baggage will be connected through subsequent flights. The airline also "deeply regretted" to the inconvenience caused to passengers.
Earlier, the Reserve Bank of India (RBI) had issued draft guidelines to further strengthen regulations on payment aggregators. Central banks's guidelines also cover the physical point-of-sale activities of payment aggregators (PAs).
The draft said non-banks providing PA-P services should have a minimum networth of Rs 15 crore at the time of submitting an application to the RBI for authorisation and a minimum networth of Rs 25 crore by March 31, 2028.
As per the World Economic Outlook report, India continues to be the fastest-growing economy of the world, ahead of China's growth projection of 4.6 per cent during the same period.
Zomato CEO Deepinder Goyal said that an all-electric fleet will be used to deliver such large orders. He also shared the pictures of the EVs.
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