Last Updated : September 02, 2024 / 06:01 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.
Big Story
GST collections at Rs 1.75 lakh crore dip in August, but up 10% from last year
India’s goods and services tax (GST) collections were a tad lower at Rs 1.75 lakh crore in August compared to Rs 1.82 lakh crore in the previous month, according to data released on September 1. The pace of growth of GST remained around 10 percent in August, as the country had recorded Rs 1.59 lakh crore in GST revenue in August 2023. Details here
Watch Out
Take a look at these key events
Today
World Coconut Day
Jeyyam Global Foods IPO to open
Gala Precision Engineering IPO to open
India Manufacturing PMI
China Manufacturing PMI
Vedanta board to consider third interim dividend for FY25
Bengal special Assembly session to pass anti-rape bill
Karnataka to implement ‘anywhere registration’ of property system
Karnataka HC to hear MUDA case
SC to hear plea over stopping of 'bulldozer justice'Tomorrow
Skyscraper Day
WhiteOak Capital’new arbitrage fund to close for subscription
PM Modi to visit Brunei
No flight bookings on Vistara from tomorrow
Excise policy case: Arvind Kejriwal's custody hearing
New Jawa motorcycle launch
Stock Market Buzz
Manufacturing, services PMI, US economic data among 10 key factors to watch this week
Benchmark indices and broader markets hit fresh all-time closing highs for the week ending August 30, with the Nifty 50 surpassing the 25,000 mark for the first time. Gains were driven by IT stocks, optimism around a potential Fed rate cut in September, and renewed FII buying interest. On Monday, the market will first react to Q1 GDP numbers announced last Friday and auto sales data from some companies over the weekend. Overall, according to experts, the sentiment may remain positive despite likely intermittent consolidation and fresh highs can't be ruled out next week, with a focus on the global macro data and PMI numbers. Read more here
IPO Watch
Gala Precision Engineering IPO: 10 things to know before subscribing to the Rs 167-cr offer
Gala Precision Engineering is tapping the primary market with an initial public offer to raise Rs 167.93 crore. The precision products manufacturer's offer is a combination of a fresh issue and an offer-for-sale component. Here are all the key details you need to know.
Election Security & Tech Platforms
US presidential elections 2024: YouTube, Search, and AI get safeguards as Google boosts security measures
Ahead of the US presidential elections in November, Google has introduced new safety measures and tools. In a blog post, Laurie Richardson, Google’s vice president, trust and safety, said that here have been dozens of elections around the world this year from India to the European Union to Mexico, where Google has done similar work. Read here
Product Review
Realme 13+ 5G review: Fast performance, solid battery life
The Realme 13+ 5G is the new mid-range phone and claims to offer enhanced gaming performance with long battery life. But is the smartphone worth its Rs 22,999 starting price? Check out here
Automotive launch
Maserati unveils two new luxury GranTurismo variants in India, plans to launch all-electric variant Folgore
Maserati has launched new luxury sports car GranTurismo in India in two variants, Modena and Trofeo. The Italian luxury automotive brand has fixed the price of Modena at Rs 2.72 crore, while the Trofeo costs Rs 2.90 crore. The four-seater GranTurismo in India will be offered in two distinctive ICE variants. The company further plans to launch an-all electric variant in India in upcoming years. Details here
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