Stock Market Highlight, Aug 28: Sensex ends flat, Nifty shields 25k after scaling new high; IT leads
Stock Market Highlights on Aug 28, 2024: As many as 29 out of 50 listed stocks of Nifty50 ended in the red, dragged by Adani Enterprises, Asian Paints, and Maruti Suzuki India
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Illustration: Ajay Mohanty
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The new care home completes Antara's comprehensive care offerings, encompassing care homes, care at home and products and services for chronic conditions to fully meet the growing demand, the company said in an exchange filing.
Stock Market LIVE Updates: Max India-owned Antara Assisted Care launches first senior care home in Bengaluru
Stock Market LIVE Updates: Antara Assisted Care Services, a subsidiary of Max India, announced that it has inaugurated its first care home in Bengaluru today.
The new care home completes Antara's comprehensive care offerings, encompassing care homes, care at home and products and services for chronic conditions to fully meet the growing demand, the company said in an exchange filing.
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With diamond acquisition rates in India well below those in mature markets such as the US, a significant opportunity lies in further growth for natural diamond jewellery in India, the company said in an exchange filing today.
To help unlock this growth opportunity, Tanishq and De Beers have agreed to come together on a long-term collaboration to enhance consumer education, interest and confidence, and to promote natural diamonds across India.
Through this collaboration, the two parties will capitalise on Tanishq’s deep understanding of the Indian market, combined with De Beers’ expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds
Stock Market LIVE Updates: Tanishq ties up with De Beers to boost India’s natural diamond jewellery market
Stock Market LIVE Updates: Tata group owned jewellery brand Tanishq, housed under Titan Company, today announced a long-term strategic collaboration with De Beers Group, the world’s leading diamond company to boost the growing opportunity for natural diamonds in the Indian market.
With diamond acquisition rates in India well below those in mature markets such as the US, a significant opportunity lies in further growth for natural diamond jewellery in India, the company said in an exchange filing today.
To help unlock this growth opportunity, Tanishq and De Beers have agreed to come together on a long-term collaboration to enhance consumer education, interest and confidence, and to promote natural diamonds across India.
Through this collaboration, the two parties will capitalise on Tanishq’s deep understanding of the Indian market, combined with De Beers’ expertise in the diamond category, to deepen consumer desire for and confidence in natural diamonds
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The regulator also prohibited Inder Pratap Singh Rana (promoter), Ranjit Singh Rana (Chairman), Veer Pratap Singh Rana (MD), Gurjeet Singh Rana, Karan Pratap Singh Rana, Rajbans Kaur, Preet Inder Singh Rana and Sukhjinder Kaur (promoter) from holding any position as director or key managerial person of any other listed company for two years. READ MORE
Stock Market LIVE Updates: Sebi bans Rana Sugars' promoters from mkt for 2 yrs; imposes Rs 63 cr fine
Stock Market LIVE Updates: Markets regulator Sebi has debarred 14 entities including, Rana Sugars promoters' and other related entities from the securities markets for two years and slapped a Rs 63-crore fine on them on charges of diversion of funds.
The regulator also prohibited Inder Pratap Singh Rana (promoter), Ranjit Singh Rana (Chairman), Veer Pratap Singh Rana (MD), Gurjeet Singh Rana, Karan Pratap Singh Rana, Rajbans Kaur, Preet Inder Singh Rana and Sukhjinder Kaur (promoter) from holding any position as director or key managerial person of any other listed company for two years. READ MORE
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Authorities, last month, ordered Infosys to pay an additional amount, arguing that its overseas offices should pay goods and services tax (GST) dating back to 2017. READ MORE
Stock Market LIVE Updates: Infosys hits 52-week high, rises 5% in three days; stock nears record high
Stock Market LIVE Updates: Infosys share price today hit a 52-week high of Rs 1,950.20 as it climbed 3 per cent on the BSE in Wednesday's intraday trade. Infosys share price extended its rally into the third day on a report that the government is likely to retract its tax demand worth $4 billion.
Authorities, last month, ordered Infosys to pay an additional amount, arguing that its overseas offices should pay goods and services tax (GST) dating back to 2017. READ MORE
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According to Bloomberg Billionaires Index, as of August 2024, Damani's net worth stood around $23.7 billion. Bloomberg had ranked RK Damani as the 98th richest person in the world for the year 2021. READ MORE
Stock Market LIVE Updates: RK Damani stock portfolio: How to trade in DMart, Aptech, VST Industries
Stock Market LIVE Updates: Ace investor Radhakishan Damani, also popularly known as RK Damani, is a legendary investor in the Indian stock market. Damani is also known as the 'retail king' in India for his venture - Avenue Supermarts (DMart).
According to Bloomberg Billionaires Index, as of August 2024, Damani's net worth stood around $23.7 billion. Bloomberg had ranked RK Damani as the 98th richest person in the world for the year 2021. READ MORE
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Under the terms of the agreement, JBM Electric Vehicles will deliver 200 electric intercity buses equipped with advanced technology and features.
The scope of the project includes delivering 200 electric buses, comprising of 150 high-end electric luxury intercity coaches and 50 e-buses tailored for staff and tourist applications
Stock Market LIVE Updates: JM Auto subsidiary gets 200 electric bus supply deal from LeafyBus; shares up 4.5%
Stock Market LIVE Updates: JBM Electric Vehicles, a subsidiary of JBM Auto, today announced the signing of a strategic agreement with LeafyBus, for the supply of 200 ultra-modern electric luxury buses.
Under the terms of the agreement, JBM Electric Vehicles will deliver 200 electric intercity buses equipped with advanced technology and features.
The scope of the project includes delivering 200 electric buses, comprising of 150 high-end electric luxury intercity coaches and 50 e-buses tailored for staff and tourist applications
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The company, in an exchange filing, said, "We are pleased to inform you that the Company has been granted patent for an invention titled 'Aerodynamic Profile'. This patent has been officially granted vide Patent Number 548800 on 27/08/2024 for the term of 20 years effective from 05/04/2018 in accordance with the provisions of the Patents Act, 1970."
Generally speaking, aerodynamics profile is concerned with the understanding and control of flows associated with aerospace vehicles.
Stock Market LIVE Updates: Crompton Greaves gets patent for 'Aerodynamic Profile'
Stock Market LIVE Updates: Crompton Greaves Consumer Electricals today announced that it has secured a patent for an invention called 'Aerodynamic Profile'.
The company, in an exchange filing, said, "We are pleased to inform you that the Company has been granted patent for an invention titled 'Aerodynamic Profile'. This patent has been officially granted vide Patent Number 548800 on 27/08/2024 for the term of 20 years effective from 05/04/2018 in accordance with the provisions of the Patents Act, 1970."
Generally speaking, aerodynamics profile is concerned with the understanding and control of flows associated with aerospace vehicles.
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Stock Market LIVE Updates: Infosys hits 52-week high, rises 5% in three days; stock nears record high
Stock Market LIVE Updates: Infosys share price today hit a 52-week high of Rs 1,950.20 as it climbed 3 per cent on the BSE in Wednesday's intraday trade. Infosys share price extended its rally into the third day on a report that the government is likely to retract its tax demand worth $4 billion. Authorities, last month, ordered Infosys to pay an additional amount, arguing that its overseas offices should pay goods and services tax (GST) dating back to 2017. READ MORE
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Stock Market LIVE Updates: Nifty IT top sectoral gainer
Stock Market LIVE Updates: Nifty IT is the top sectoral gainer, up over 2.3 per cent.
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Stock Market LIVE Updates: Broader markets trade in positive territory
Stock Market LIVE Updates: Broader markets gained. Nifty SmallCap was up 0.27 per cent while MidCap was trading 0.06 per cent higher.
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Stock Market LIVE Updates: Sensex above 81,950
Stock Market LIVE Updates: Sensex is trading 0.32 per cent or 260.7 points higher at 81,972.46 levels.
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Stock Market LIVE Updates: Nifty50 holds 25,100
Stock Market LIVE Updates: Nifty50 is trading 0.34 per cent or 84.70 points higher at 25,102.45 levels.
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Stock Market LIVE Updates: Sent more than Rs 6 lakh overseas? You could face tax scrutiny from I-T
Stock Market LIVE Updates: The Income Tax Department has intensified its scrutiny of individuals who have sent significant amounts of money abroad. The department is closely examining Form 15CC, a quarterly disclosure statement filed by Authorised Dealer (AD) Banks for outward remittances as inconsistencies between declared income and foreign remittances have been observed, raising questions about potential tax evasion. Issues with tax collected at source ( TCS) on outward remittances have also been identified. READ MORE
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Stock Market LIVE Updates: SBI Chairman Dinesh Khara retires after record profits; CS Setty takes over
Stock Market LIVE Updates: State Bank of India Chairman Dinesh Kumar Khara retired on Wednesday, passing on the baton with an ambitious profit goal of Rs 1 trillion for FY25 to his successor, CS Setty. Khara’s tenure has been marked by extraordinary financial performance, with SBI’s profit surging significantly, delivering a 325 per cent return to investors, reported The Economic Times. READ MORE
12:58 PM
Filing: Shoppers Stop inks deal with Max Factor to build brick and mortar presence in India
Stock Market LIVE Updates: Shoppers Stop enters into a partnership with US-based Max Factor to build brick and mortar presence in India.
Topics : MARKET WRAP MARKET LIVE S&P BSE Sensex Nifty50 BSE NSE equity MARKETS TODAY share market Global stock markets stock markets Indian stock markets US stock markets
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First Published: Aug 28 2024 | 8:05 AM IST
