Wednesday, 17 July 2024
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Zomato, Nykaa, and Paytm all experienced 3% declines  

  • The Indian Air Force received the first LCA Tejas twin-seater aircraft from Hindustan Aeronautics.
  • Avenue Supermarts surged 5%, citing an 18.51% YoY growth in its standalone operating revenue.
  • The government-owned 96.38% of IOB, and the Life Insurance Corporation of India with 1.2%.

The BSE Sensex and NSE Nifty50 both lost 180 points as a result of rising US yields, which had a significant impact on India’s equity benchmark indices. The Indian Air Force received the first LCA Tejas twin-seater aircraft from Hindustan Aeronautics.

This aircraft is equipped with all necessary tools to meet the IAF’s training needs as well as expand into a fighter aircraft if necessary. In the wake of the Q2 business update, Avenue Supermarts surged 5%, citing an 18.51% YoY growth in its standalone operating revenue of Rs 12,308 crore for the third quarter.

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The GST Council, which will discuss modifications to tax rates on several commodities, including millet-based product mixes, is likely to consider a “zero tax” on millet mix during its meeting. Paytm, Sun TV, and Prestige are three companies with positive momentum. One 97 Communications (Paytm) could increase by 8%.

Sobha Ltd is facing criminal charges after mortgaging the $1,040 crore project Sobha City in north Bengaluru, according to a court in Bengaluru. Asda, a British retail company, and TCS have signed a multi-year agreement for technical assistance.

Asda will utilize the platforms to automate supply chain forecasting, purchasing and merchandising, human resources, warehouse management, and e-commerce procedures.

For the first time in India, demand for luxurious residences outpaces that for affordable ones, with the largest sales occurring on properties costing between Rs. 50 lakh and Rs. 1 crore.

According to data on shareholding patterns, the government-owned 96.38% of IOB, followed by individual investors with 1.69%, and the Life Insurance Corporation of India with 1.2%.

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