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The promoters will now purchase additional shares from the open market within the overall regulatory limit prescribed for promoter equity holding cap, the bank said citing the communication received from promoters.
At this juncture, the market's internal setup is also looking mixed as 1,611 scrips out of 1,900 from the NSE universe, are trading comfortably above their 50-day moving average.
Twitter users expressed disappointment and called out Glassman for being insensitive to the current situation.
Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a price notification of state oil marketing companies.
India Gold August Futures rose on June 8 despite muted trend seen in the international spot prices, but experts feel that the yellow metal could face some resistance around 46000 per 10 gm.
Majority of brokerages are bullish on L&T given its leadership position in the infrastructure segment, strong orderbook and healthy balance sheet
According to Geojit, The southwest monsoon has covered most parts of Tamil Nadu, some more parts of south interior Karnataka and entered Rayalseema region of Andhra Pradesh, the India Meteorological Department said.
With nearly 86,000 COVID-19 cases, Maharashtra has reported the highest number of infections, followed by Tamil Nadu (31,667), Delhi (27,654) and Gujarat (20,070).
India is the fifth country to register 2.5 lakh or more COVID-19 cases, according to Johns Hopkins University CSSE.
Analysing the overall setup, it's quite evident that limited upside till 22,000 and even 22,500 can be expected in an upcoming week.
Silver Lake and its co-investors will invest an additional Rs 4,546.80 crore in Jio Platforms.
IHCL has also started discussion with all its lessors for waiver or deferment of lease rentals during the lockdown period
Such a deal would unite two of the drugmakers at the forefront of the industry's efforts to fight the new coronavirus and could be politically sensitive as governments seek control over potential vaccines or treatments.
The two-day politburo meeting comes at a time of economic uncertainty amid the global COVID-19 pandemic that is putting additional pressure on the North's economy, already battered by international sanctions aimed at stopping its nuclear program.
Uttarakhand has so far recorded 1,355 confirmed cases of COVID-19 and 13 deaths.
West Bengal had recorded its first COVID-19 case on March 17. However, the number of cases being reported per day has shot up in the last few weeks.
Say Namaste is yet another video-calling app that competes against the likes of Zoom and Microsoft Teams. Should you switch to Say Namaste as your primary video-calling app? Read more to find out
Unlock 1.0 is the first of the three-phase plan for reopening of prohibited activities in non-containment zones with a stringent set of SOPs will be in place till June 30.
Due to the social distancing norms, the marriage ceremonies are being held without the usual rush witnessed at the Guruvayur temple.
“In South Asia, not just in India, but in Bangladesh and... Pakistan and other countries of South Asia with large dense populations, the disease has not exploded, but there is always the risk of that happening,” Dr. Mike Ryan, WHO’s top emergency expert, told a news conference.
ICICI Direct Despite the ongoing risk on momentum in most emerging markets, Indian equities paused and saw some profit booking. Depreciation in the rupee can be attributed to that.
Unlock 1.0: Reopening India begins as malls, hotels and restaurants may give a push to economic activity.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bandhan Bank with a stop loss of Rs 240, target at Rs 260 and Siemens with a stop loss of Rs 1,130, target at Rs 1,195.
The Cabinet Office said the economy shrank at an annual rate of 2.2% in January-March, better than the 3.4% contraction given earlier.
