latest news

June 01, 2023 12:02 AM IST

First 100 units electricity per month free for all households in Rajasthan: CM Gehlot

The chief minister said that keeping the middle-class people in mind, those who consume electricity up to 200 units per month, the first 100 units will be free.

Washington sweats over high-stakes vote to stave off default

Congress has just five days to green-light an agreement between Republicans and Democrats to allow more borrowing and ensure the country doesn't miss loan repayments

Amazon workers stage walkout over company's climate impact, return-to-office mandate

The lunchtime protest comes a week after Amazon's annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week.

Meta threatens to yank news content from California over payments bill

The proposed California Journalism Preservation Act would require online platform companies to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the news sector.

Bulk Deals | Societe Generale, Government of Singapore pick additional Rs 609.26 crore shares in Sona BLW Precision Forgings

With the stake sale, abrdn will hold nil equity shares in HDFC Life, the company said in its filing to exchanges. But HDFC Life shares gained 1.23 percent at Rs 592.35.

Sebi slaps Rs 77 lakh on 16 entities for manipulating share price of Gayatri Sugars

The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for the period from April 10-23, 2018.

Morgan Stanley report on India's transformation under Modi indictment of UPA's lost decade: Rajeev Chandrasekhar

He said the report reminds Indians how the Congress-led UPA had in 2014 left "a shattered economy".

Competition Commission DG gets three-month extension

The Director General (DG) office is the investigation arm of the fair trade regulator.

Buy Tega Industries; target of Rs 945: LKP Research

LKP Research is bullish on Tega Industries has recommended buy rating on the stock with a target price of Rs 945 in its research report dated May 31, 2023.

Senior Fed official suggests skipping rate hike next month

Fed officials are now divided on the best path forward ahead of another interest-rate decision to be announced on June 14

Tobacco: Farmers' body writes to PMO, finance ministry against WHO recommendation

FAIFA has made a case that the recommendation of the World Health Organisation (WHO) is unscientific and there are no benefits of other crops replacing tobacco cultivation.

Bank loan fraud: ED attaches Rs 124 cr worth assets of various associates of Chennai group

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 78 immovable properties, it said in a statement.

Trade setup for Thursday: Top 15 things to know before the opening bell

Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.

PowerWatch | India's peak power demand remains low as rain brings respite from heat

The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.

Goldstone Technologies, Quantron AG form JV in fleet management space

The joint venture, which will be headquartered in Augsburg (Germany) and will have operations from Hyderabad, seeks to address the high potential fleet management market, GTL said in a statement.

India requires 33.6 trillion to meet growing electricity demand and renewable targets

The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 crore and for 2027-2032 it is likely to be Rs. 19,06,406 crore.

'Common but differentiated responsibilities' should guide ICAO for net zero goal: India

In an official statement issued at the Global Implementation Support Symposium 2023, the secretary said the transition towards a lower carbon and Sustainable Aviation Fuels (SAF) will be fundamental to achieving the net zero target by 2050.

India operation to be among top 3 markets in few years: Cybersecurity giant Trend Micro

The company plans to focus on extended detection and response (XDR) and cloud business to achieve the goal, a top official said.

NASA talks UFOs with public ahead of final report on unidentified flying objects

The study is a first step in trying to explain mysterious sightings in the sky that NASA calls UAPs, or unidentified aerial phenomena.

Seven more cheetahs to be released into wild at Kuno National Park by June third week

Under the ambitious programme, Prime Minister Narendra Modi released the first batch of eight spotted felines from Namibia into a quarantine enclosure at Kuno in Madhya Pradesh on September 17 last year.

Buy Indigo Paints; target of Rs 1700: Motilal Oswal

Motilal Oswal is bullish on Indigo Paints recommended buy rating on the stock with a target price of Rs 1700 in its research report dated May 29, 2023.

Buy TCI Express; target of Rs 1780: Motilal Oswal

Motilal Oswal is bullish on TCI Express recommended buy rating on the stock with a target price of Rs 1780 in its research report dated May 29, 2023.

Some e-chip firms including Vedanta to re-apply under revised scheme opening on June 1

Under the Modified Semicon India Programme, the government has increased the financial incentive of 50 percent of the project cost for companies, consortia, joint ventures for setting up semiconductor fabs in India of any node (wafer size).

Buy Sobha; target of Rs 750: Motilal Oswal

Motilal Oswal is bullish on Sobha recommended buy rating on the stock with a target price of Rs 750 in its research report dated May 29, 2023.

B30 AUM in mutual funds grew higher than T30’s