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Tube Investments shares fall 1.7 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 46.68 on Monday.
TRADERS’ CORNER: A gas transportation and trading major ready for 6 to 7% swing trade in the short term.
After a phase of sideways movement PSU are getting their momentum back.
Cyient shares jump 7% after announcing subsidiary for semiconductor business
Semiconductors, crucial for defence, automotive, and telecommunications sectors, have emerged as significant factors in the geopolitical arena. Countries like the US, Japan, and China are heavily investing in building domestic capabilities in this critical technology.
Promoters to sell 7.85% in Glenmark Life through OFS
The OFS will be open for non-retail investors on Thursday, with retail investors allowed to place their bids on Friday. A minimum of 10% of the OFS has been reserved for the retail category, subject to receipt of valid bids.
Tata Motors, M&M slash prices of select SUVs. Check models and discount
Tata Motors and Mahindra & Mahindra have announced significant discounts on their popular SUVs in India, amid weakening demand and rising inventory. M&M has offered over Rs 2 lakh on its AX7 variants for the next four months, starting at Rs 19.49 lakh. Tata Motors has also reduced prices by up to Rs 70,000 on select models and up to 1.4 lakh on its range of fossil fuel and EV SUVs.
June retail inflation may remain unchanged at 4.7%
India's retail inflation likely remained steady at 4.7% in June, consistent with May's 4.75%, according to a poll of 10 economists by ET. The forecast range was 4.5% to 5.19%, driven by heatwaves, below-normal monsoon rains, and higher fruit and vegetable prices. The government will release the CPI data on July 12. Economists noted that festive demand and weather conditions raised vegetable prices, particularly onions and tomatoes. The Monetary Policy Committee is expected to maintain its stance until monsoon outcomes and food inflation impacts are clearer, with potential rate cuts anticipated no earlier than December 2024.
Xiaomi's SU7 bedazzles at India showcasing, rolls out tech bonanza with star-Redmi 13 5G
Chinese tech giant Xiaomi showcased its electric vehicle SU7 in Bengaluru, alongside new electronic products like the Star-Redmi 13 5G. Although not for sale in India, the SU7, resembling a Porsche Taycan but cheaper, marks Xiaomi’s EV ambitions. Heavy rains in Muradabad have damaged tomato crops, driving prices up in North India.
Xiaomi showcases SU7 electric sedan in India, no word on launch date
Celebrating its 10th anniversary, Xiaomi unveiled the SU7 electric car and launched Redmi 13 5G and Redmi Buds 5C. Priced under USD 30,000 and produced with BAIC Group in a 200,000-vehicle capacity Beijing factory, SU7 features a "super electric motor" and up to 800 km range. Initially delivered in China, it reflects Xiaomi’s diversification strategy.
Xiaomi to showcase its first electric car, the SU7 EV, in India tomorrow: Report
Xiaomi will showcase its first electric car, the SU7, in India on July 9 as a market test. The car comes in two versions with different driving ranges and is priced competitively. The event in Bengaluru will also feature other household appliances and new product categories.
Affle India shares jump 7% after Citi initiates Buy rating, sees 17% upside
Affle (India) shares surged 7% to Rs 1,461.1 on BSE after Citi initiated a 'Buy' rating with a target price of Rs 1,600, suggesting a 17% potential upside. Citi expects Affle to benefit from rising mobile-ad budgets in India and EM.
Xiaomi's newly-unveiled SU7 EV quietly brought to India, to be showcased in Bengaluru; no news on launch date
The car will be showcased in Bengaluru, although the company has stated there are "no plans" for an immediate launch in India. This exhibition may be a move to test the waters in the Indian car market or to celebrate a decade of Xiaomi's business operations in the country.
IIFL Securities shares tumble 7% as Sanjiv Bhasin faces SEBI inquiry
IIFL Securities stock performance was influenced by the association with Sanjiv Bhasin, facing SEBI inquiry for alleged stock manipulation. The company's significant stock returns over the past year were impacted by market actions. Bhasin's role in directing stock purchases and generating retail interest is under investigation, affecting the stock price movement.
Sapphire Foods shares rally over 7% after announcing stock split
Sapphire Foods India's shares surged 7.4% after announcing a 1:5 stock split to enhance liquidity and widen shareholder base.
F&O Ban: SAIL, Hindustan Copper among 7 stocks under trade ban on Wednesday
Seven stocks, including Balrampur Chini Mills, GNFC, Hindustan Copper, India Cements, Piramal Enterprises, SAIL, and Sun TV Network, are under F&O trade ban. Nifty50 and Sensex closed at fresh record highs on Tuesday.
Havells India shares down 7.33% as Nifty drops
A total of 46,376 shares changed hands on the counter till 12:42PM (IST).
PSBs ask US to route advisories via finance ministry
Executives from some of the top lenders, including State Bank of India, Punjab National Bank and Canara Bank, met with a six-member US Treasury delegation last month. The discussions focused on Russian payments and a possible breach of the internationally imposed $60 a barrel purchase price on Russian crude.
Google's India alphabet P for Pixel, D for Dixon: Local contract manufacturer will make Google Pixel 8 smartphones
Dixon Technologies to manufacture Google Pixel 8 smartphones in India to compete with Apple and Samsung in the Rs 50,000-plus price range. Google aims to increase its market share in India despite import duties, considering Foxconn as a potential manufacturing partner.
Motorola Edge 50 Fusion launched in India: Check price, specification, and offers
Motorola Edge 50 Fusion: Qualcomm Snapdragon 7s Gen 2 chipset, Android 14, IP68 rating, 5000mAh battery, 6.7-inch FHD+ OLED display, dual rear cameras, 68W fast charging.
Google Pixel 8a launched in India: Tensor G3 powered smartphone gets seven years of OS updates; price starts at Rs 52,999
Google Pixel 8a Launch: Google has launched the Pixel 8a, a budget-friendly smartphone packed with advanced AI features. It comes with a powerful dual camera system, AI-powered photo and video tools, enhanced productivity features, and a durable design. The device offers a range of storage options, a vibrant display, family-friendly features, and robust security measures. With competitive pricing and long-term software support, the Pixel 8a aims to deliver a premium experience at an affordable price point.
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