6 LAKH AK203
Tech stocks tumble, dragging Sensex 203 pts lower, Nifty below 23,300 on US rate fears
The Sensex hit a day's high of 77,079, while the Nifty 50 touched 23,411.9 in early trade on Monday on the back of a Modi-fuelled state firm rally, but the IT stocks dampened the buoyant market mood. The IT index fell 1.83%, making it the top sectoral loser. Tech Mahindra, Infosys, Wipro, TCS, and HCLTech declined by 1%-3%, becoming the top losers on the Sensex. The market capitalisation of all listed companies on the BSE surged by Rs 1.59 lakh crore to reach Rs 425.08 lakh crore.
A taste of Europe trip at half the cost: How to plan Kazakhstan or Georgia or Azerbaijan or Uzbekistan or Kyrgyzstan trip for Rs. 1 lakh
A clutch of countries in the south of Caucasus and Central Asia provide a whiff of Europe without snapping your budget. Within sniffing distance of Europe and straddling the Eurasian cusp, these are perfect destinations as they combine unsurpassed natural beauty with cultural overdose. Detailed budget and itinerary for Kazakhstan, Georgia, Azerbaijan, Uzbekistan and Kyrgyzstan trips this summer. Happy holidays!
Sensex can zoom to 1.5 lakh by 2029 but don't be a speculator
While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga - much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.
Dimple Yadav lists crockery worth Rs 1.6 lakh in Akhilesh Yadav's name; declares Rs 54.26 lakh loan from husband
Dimple Yadav of the Samajwadi Party, accompanied by party leaders including Akhilesh Yadav, filed her nomination papers for the Mainpuri Lok Sabha seat, marking a significant moment in the upcoming elections. After winning the 2022 Mainpuri bypoll, she now faces competition from BJP and BSP candidates. Her nomination affidavit disclosed assets and liabilities, including loans owed to her husband, Akhilesh Yadav. Educational background, personal details, and combined wealth with Akhilesh Yadav were also outlined, reflecting a comprehensive overview of her financial standing.
Motilal Oswal Midcap Fund turned Rs 1 lakh investment into Rs 7.66 lakh in 10 years
The investment objective of Motilal Oswal Midcap Fund is to provide investors a long-term capital growth who are seeking investment in quality midcap companies having long-term competitive advantages and growth potential
Nitin Gadkari launches 28 NH projects worth Rs 6,600cr in Odisha
Though his visit to Odisha was cancelled at the last minute, Gadkari launched these projects virtually. Among the inaugurated projects were a 79km four-lane road between Baharagora and Singhara on NH-49, valued at Rs 1,203 crore, and a 78km six-lane road from Chandikhol to Bhadrak on NH-16, costing Rs 2,035 crore.
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Stocks to buy: Consider stocks with strong analyst sentiments; 5 stocks with upside of up to 18.6%
Given the concerns over stretched valuations and a likely jump in volatility in an election year, it is important to consider the stocks that are favoured by experts. ET Wealth has identified stocks that have seen an improvement in the analysts’ sentiments between the start and end of the previous year.
Rs 1.5 lakh crore bid! Retail investors bet on IPOs like never before in 2023
In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database.
Tata Consumer becomes 6th Tata stock to hit Rs 1 lakh crore milestone
Apart from Tata Consumer, Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent have crossed the market cap of Rs 1 lakh crore. Earlier in December, Trent had become the fifth listed company of the Tata Group to achieve this feat.
Over 7.43 lakh MGNREGA 'fake job cards' deleted in 2022-23, highest in UP
Uttar Pradesh accounted for the highest number of deletions on account of job cards being fake. As many as 67,937 fake job cards were deleted in Uttar Pradesh in 2021-23 and the number increased to 2,96,464 in 2022-23. Odisha came second with 1,14,333 job cards being deleted in 2022-23 and 50,817 in 2021-22. In Madhya Pradesh, 27,859 fake job cards were deleted in the last fiscal and 95,209 in 2021-22. The corresponding figures for Bihar was 80,203 and 27,062. In Jharkhand, 70,673 job cards were deleted in 2022-23 and 23,528 the previous year.
Airtel Q2 Results: Profit down 37% YoY; ARPU at Rs203
Consolidated net profit (after exceptional items) for India’s second-largest telco fell for the second consecutive quarter to Rs 1,340.7 crore in the July-September quarter from Rs1,612.5 crore in the preceding quarter and Rs 2,145.2 crore a year earlier.
18.68 lakh young voters eligible to exercise franchise in Chhattisgarh polls
Chief Electoral Officer Reena Babasaheb Kangale told reporters that as per the final revised electoral list, 2.03 crore voters, including 1.01 crore males and 1.02 crore females, are eligible to cast their ballot in the state.
No peace in Manipur unless 6,000 sophisticated weapons, 6 lakh ammunition recovered: Gaurav Gogoi
The repeated looting of armoury in Manipur has raised concerns in the security establishment for there is fear that this may lend in the hands of armed miscreants or insurgent groups operating in Northeast India.
Tata Motors Q1 Results: Auto major posts Rs 3,203 cr profit on JLR push; revenue jumps 42%
Tata Motors' Q1 consolidated revenue from operations increased 42% on year to Rs 1.02 lakh crore. This figure too, was higher than expectations of Rs 99,887 crore. Consolidated operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), surged more than fivefold on year to Rs 13,218 crore.
Manipur warring groups still in possession of over 6 lakh bullets: Officials
Around 6 lakh bullets and 3,000 weapons are with warring communities in Manipur, allowing banned terror groups to re-emerge, officials warn. The Indian officials monitoring the situation say .303 rifles, Medium Machine Guns (MMG) and AK assault rifles, carbines, Insas Light Machine Guns (LMG), Insas rifles, M16 and MP5 rifles were reported to be missing from police armouries.
First batch of AK 203 assault rifles produced at Amethi, deliveries to army soon
The Indian Army is the main customer for the Amethi factory, which will produce over 6 lakh rifles in the coming years. The Rs 5124 crore deal was signed between India and Russia in December 2021, the biggest defence deal between the two nations in recent years.
AK-203 rifles from Amethi by end of the year, say Russian officials
After facing multiple challenges like payment related issues due to western sanctions and a complicated technology transfer agreement, the joint venture is back on track and equipment to make the rifles will be sent in two stages, officials said.
Royal Enfield launches Scram 411 in India, starting at Rs 2.03 lakh
The Scram 411 is built on Royal Enfield's LS-410 engine platform.
India, Russia decide to expand cooperation in dealing with major challenges; AK-203 rifle deal among 28 pacts inked
During a special briefing after the annual summit meeting between Prime Minister Narendra Modi and the visiting Russian President Vladimir Putin, Foreign Secretary Harsh Vardhan said there was an "excellent discussion" between the two leaders.
India mentions "unprovoked" aggression by China at '2+2' talks with Russia; inks AK-203 rifle deal
"The pandemic, the extraordinary militarisation and expansion of armament in our neighbourhood and unprovoked aggression on our northern border since early summer of 2020 have thrown in several challenges," the defence minister said.
India, Russia ink four defence pacts; resolve to expand military ties
The most important of the four agreements was the pact on manufacturing of 6,01,427 AK-203 assault rifles (7.63X39mm) through an Indo-Russia Rifles Private Limited (IRPL).
India signs AK-203 assault rifle deal with Russia worth Rs 5,124 crore
The government of India, in a boost for self-reliance in the defence manufacturing sector in the country, has approved the plan to produce over five lakh AK-203 assault rifles at Korwa, Amethi, per sources. The deal is worth Rs 5,124 crore. It will replace in-service INSAS Rifle inducted over three decades back.
Govt nod to manufacture over 5 lakh AK-203 assault rifles in Amethi
The 7.62 X 39mm caliber AK-203 rifles will replace in-service INSAS Rifle inducted over three decades back.
Ahead of Putin's visit, Defence Ministry clears Rs 5000 crore AK-203 assault rifle deal
With Russian President Vladimir Putin expected to visit India next month, Defence Ministry on Tuesday gave its final clearance to over Rs 5,000 crore deal with Russia to manufacture 7.5 lakh AK-203 assault rifles in Uttar Pradesh's Amethi.
Amethi factory: Russia waives royalty in favour of technology transfer, AK 203 assault rifle contract gets green signal
The plan to manufacture has been under discussion for almost two years, with the contract stipulating 100% transfer of technology and possible exports in future from the Indian plant. The Amethi factory in Amethi was inaugurated in 2019 but production is yet to commence.
AK 203 order terms finalised, wait for India to make next move
The ongoing restructuring of the Ordnance Factory Board (OFB) is not expected to have any impact on the joint venture for the production of AK 203 rifles and a complete transfer of technology is expected to be achieved within 32 months of the contract.
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