The Reserve Bank of India reported that almost all Rs 2000 banknotes have been returned. The bank withdrew the notes from circulation on May 19, 2023. The total value of these notes was Rs 3.56 lakh crore. The RBI said that 98.04 percent of the notes are back in the banking system.
The company reported consolidated revenue from operations of Rs 1,064 crore for the reporting period, a 7% increase from Rs 992 crore in the same period last year. The board has announced an interim dividend of Rs 4 per share with a face value of Rs 2 each for FY25. November 14 has been set as the record date to determine shareholder eligibility for the dividend distribution.
The move is aimed at facilitating ease of investment in overseas MF/UTs, bringing transparency in the manner of investment, and enabling MFs to diversify their overseas investments, Sebi said in a circular.
The impending expiration of the 2017 Tax Cut and Jobs Act presents a crucial decision for the next president. With both Trump and Harris favouring its extension, the law's survival seems likely, potentially marking the end of an era of unchecked tax cuts and spending increases.
Nifty's short-term trend remains downward, with potential for further weakness. The next key support level to watch is around 23,500, aligning with the 200-day EMA. Any rebound from this level is likely to encounter strong resistance near 24,200, according to Nagaraj Shetti of HDFC Securities.
Despite supply chain issues easing, patients seeking weight-loss drugs like Wegovy and Zepbound are turning to cheaper compounded versions sold online. High costs and insurance hurdles are driving this trend, even as manufacturers work to increase availability and curb the use of less-regulated alternatives.
Recent attacks on transit drivers offer snapshot into an issue that has long been a concern on transit, and could have far reaching implications for employees, riders and the systems themselves.
From 2021 to 2022, estimated annual electric vehicle sales increased 65%. In the most recent quarter of this year, year-over-year growth was about 11%.
For the July-September 2024 period, net profit is expected to decline by 3% year-on-year, based on the average estimate from four brokerages. Sales, however, are projected to increase by 13% year-on-year, according to the estimates.
Thirdly, there are some global factors as well that what is the trajectory of China's stimulus, so that has been one of the key factors, which in the last year, when some of the FIIs might have thought about China also as an investment class. But after that, again, China has corrected as well
