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August 16, 2024 / 06:05 IST

Moneycontrol Daily: Your Essential 7

Here are stories covering a range of topics to keep you informed as you start your day. Read important details from each article and follow the provided links to read more about each story.

By Moneycontrol News

Big Story
Anger in India over atrocities against women, states must take note: PM Modi on Kolkata rape case

While addressing the nation on the 78th Independence Day, Prime Minister Narendra Modi on August 15 said there is an outrage in the society over atrocities against women and state governments must take this seriously. Without mentioning about the recent incident of alleged rape and murder of a young doctor in Kolkata, PM Modi said, “Cases of crime against women should be investigated and those responsible should be punished without delay.” Read here

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Watch Out
Take a look at these key events

Today
Bennington Battle Day
Vedanta to sell 3.17 percent stake in Hindustan Zinc through OFS from today
Broach Lifecare IPO to close for subscription
Solve Plastic Products IPO to close for subscription
Aesthetik Engineers shares likely to be listed on NSE SME platform
Saraswati Saree Depot IPO share allotment to be finalised
Positron Energy IPO share allotment to be finalised
Sunlite Recycling Industries share allotment to be finalised
Kolkata doctor rape-murder: Mamata Banerjee to lead protest rally
Foxconn chairman to visit Karnataka, meet CM Siddaramaiah
Special drive to weed out fake GST registration begins
ISRO to launch SSIV-D3
India-Sri Lanka ferry service to resume
Amrit Udyan to open for public: Rashtrapati Bhavan Tomorrow
Independence Day of Indonesia, Afghanistan and Gabon
Vinesh Phogat to return to India
Expanded new Terminal 1 of Delhi Airportl to resume operations
Around 1 crore women to receive Ladki Bahin stipend in Maha

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Stock Market Buzz
Hindustan Zinc OFS offers 3.17 percent stake for sale at a discounted floor price

Anil Agarwal-promoted Vedanta will sell off 3.17 percent stake in Hindustan Zinc through an offer for sale (OFS) from August 16-19, an exchange filing said. The OFS will have a base size of 1.22 percent with an option of additional 1.95 percent stake for oversubscription, Hindustan Zinc said on August 14. In total, 3.17 percent stake of HZL will be on offer at a floor price of Rs 486 per share in the issue that will open for non-retail investors on August 16, and for retail investors on August 19. Read more here

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Your Money
Does investing in SGBs that are trading on exchanges make sense? | Podcast

The government might reduce or even discontinue the SGB scheme, citing concerns that it's costly. Old issues trade on exchanges such as the BSE and NSE, even though amid thin volumes. Does investing in SGBs that are trading on exchanges make sense and what roles SGBs play in asset allocation in a portfolio? Harshad Chetanwala, co-founder, MyWealthGrowth.com, answers.

Automotive launch
Mahindra rolls out Thar Roxx at Rs 12.99 lakh, to commence deliveries in early October

Mahindra & Mahindra (M&M) has launched the 5-door Thar Roxx, a Lifestyle SUV, starting at Rs 12.99 lakh. Available in both petrol and diesel, it will compete with the Force Gurkha and Maruti Suzuki Jimny. Test drive begins on September 14, with bookings opening on October 3. Deliveries will start during Dussehra on October 12. Details here

Product Review
Hisense E6N smart TV review: Compelling package of display and sound that doesn’t break the bank

Chinese TV maker Hisense recently launched the E6N, a 55-inch UHD 4K smart TV, which comes in a 65-inch variant, packs loads of features -- Dolby Vision, Dolby Atmos, Game Mode Plus (ALLM and VRR), and AI Sports Mode. E6N has been launched for an introductory price of Rs 39,999. At that price, let’s find out if the smart TV is able to check all the right boxes.

Tailpiece
How the heaviest man alive lost 542 kg with the help of a former Saudi king

Once the heaviest man alive, Khalid bin Mohsen Shaari has undergone a life-altering transformation in the last decade, thanks to a humanitarian intervention by Saudi Arabia's former King Abdullah. Shaari, who once weighed an astonishing 610kg, has now shed a staggering 542kg. Read more here