News
Paper Leak Row News Highlights Updates: Probe into alleged irregularities in NEET-UG handed over to CBI for comprehensive investigation, say Education Ministry officials
12:22:41 AM IST, 23 June 2024
Here’s the wrap for today
- NEET-PG examination postponed, fresh date to be announced at the earliest, says Health Ministry
- Paper leak row: NTA Director General Subodh Kumar Singh removed
- Rajkot chief fire officer, his deputy arrested in connection with May 25 game zone blaze that killed 27
- Arvind Kejriwal has lost 8 kg weight since his arrest: AAP
- Suraj Revanna faces harassment allegation
- Delhi Water Crisis: AAP writes to Delhi LG; party leaders to meet tomorrow at 11 am
- CNG price in Delhi, adjoining cities hiked by Re 1 per kg
- GST Council Meet: Govt to roll out pan-India biometric authentication to check fake invoicing
- Bihar Deputy CM Samrat Choudhary has been made the Chairman of GoM of Rate Rationalisation
- Services provided by Indian Railways like platform tickets exempted from GST: FM
- Kerala to get heavy rains this weekend, IMD issues Red alert
- Jodhpur sees communal violence, two cops injured
- Nirmala Sitharaman chairs the 53rd GST Council meeting in Delhi
- Renukaswamy murder case: Actor Darshan Thoogudeepa and others have been sent to judicial custody till July 4
11:50:49 PM IST, 22 June 2024
Mallikarjun Kharge on paper leak row
- NTA was projected to be an autonomous body, but in reality was made to serve the devious interests of the BJP/RSS: Kharge
- Now, NEET-PG Exam has been postponed. 4 examinations have been either cancelled/postponed in the past 10 days: Kharge
- Paper Leaks, Corruption, Irregularities and Education Mafia has infiltrated our Education system: Kharge
11:34:50 PM IST, 22 June 2024
It is a welcome step
– UGC chairman Mamidala Kumar on formation of high-level committee
10:53:34 PM IST, 22 June 2024
Karnataka: FIR filed against JD(S) MLC Suraj Revanna
FIR filed against JD(S) MLC and son of HD Revanna, Suraj Revanna under section 377, 342, 506 of IPC at Holenarasipura Rural police station. Complainant Chethan has alleged that Suraj Revanna sexually harassed him at his farmhouse in Gannikada village in Hassan district on June 16th
10:10:17 PM IST, 22 June 2024
NEET-PG exam update
- The ministry of health and family welfare today decided to postpone the NEET-PG Entrance Examination, which was scheduled to be held tomorrow. The ministry said that they will notify the fresh fare at the earliest.
- The decision, the ministry said that been taken twking into consideration, the recent incidents of allegations regarding the integrity of certain competitive examinations.
- “Ministry of Health has decided to undertake a thorough assessment of the robustness of processes of NEET-PG Entrance Examination, conducted by National Board of Examination for medical students. It has accordingly been decided, as a precautionary measure to postpone the NEET-PG Entrance Examination, scheduled to be held tomorrow i.e. 23rd June, 2024.,” it said, adding that flesh date of this examination will be notified at the earliest.
- The ministry said that the decision has been taken in the best interests of the students and to maintain the sanctity of examination process.
10:10:28 PM IST, 22 June 2024
NEET-PG examination postponed, fresh date to be announced at the earliest: Health Ministry
09:44:51 PM IST, 22 June 2024
Paper leak row
- NTA Director General Subodh Kumar Singh removed
- India Trade Promotion Organisation Chairman and MD Pradeep Singh Kharola assigned additional charge of NTA DG
09:41:37 PM IST, 22 June 2024
Arvind Kejriwal has lost 8 kg weight since his arrest: AAP
Delhi Chief Minister Arvind Kejriwal, who is lodged in Tihar Jail, has lost eight kilograms of weight since his arrest on March 21, the AAP said on Saturday, while adding that a medical board of the AIIMS has recommended including “paratha and puri” in his diet.
09:14:53 PM IST, 22 June 2024
Rajkot game zone blaze update
Rajkot chief fire officer, his deputy arrested in connection with May 25 game zone blaze that killed 27: Police
09:06:41 PM IST, 22 June 2024
Houthis claim attack on US carrier in Red Sea
The Yemeni Houthi group said on Saturday its forces had attacked the US aircraft carrier Eisenhower in the Red Sea and the Transworld Navigator ship in the Arabian Sea. It did not say when the attacks took place.
08:42:42 PM IST, 22 June 2024
Anti-infiltration operation launched in Uri
08:34:50 PM IST, 22 June 2024
JD(S) MLC Suraj Revanna faces harassment allegation
Hubbali, Karnataka: JD(S) MLC and son of HD Revanna, Suraj Revanna reaches Hassan Police Station after an allegation of same-sex harassment against him by a party worker
08:02:31 PM IST, 22 June 2024
Dreaded Naxalite Girdhar and his wife Lalita surrender before police in Gadchiroli district of Maharashtra: Police
07:55:19 PM IST, 22 June 2024
At the moment, the intention of the GST as it was brought in by former Finance Minister Arun Jaitley is to have the petrol and diesel in GST. It is up to the states to decide and come together and get petrol and diesel into GST. The intent of the Central Government is clear, we want the GST to include petrol and diesel
– Nirmala Sitharaman on being asked about bringing fuel under GST
07:38:49 PM IST, 22 June 2024
Delhi Water Crisis
AAP wrote a letter to Delhi LG regarding the shortage of water in the national capital. AAP MPs, MLAs and leaders will go to meet the Lieutenant Governor tomorrow at 11 am: AAP
07:36:50 PM IST, 22 June 2024
CNG price in Delhi, adjoining cities hiked by Re 1 per kg
CNG price in Delhi and adjoining cities was on Saturday hiked by Re 1 per kg following a drop in the supply of subsidised input natural gas. Indraprastha Gas Ltd, the firm that retails CNG automobiles and piped cooking gas to households in Delhi and adjoining cities, announced the hike in rates on its website. In New Delhi, CNG will now cost Rs 75.09 per kg, up from the previous rate of Rs 74.09. In Noida, Greater Noida, and Ghaziabad, the price has increased to Rs 79.70 per kg from Rs 78.70 per kg.
07:22:06 PM IST, 22 June 2024
Bihar Deputy CM named chair of GoM rate panel
Bihar Deputy Chief Minister Samrat Choudhary has been made the Chairman of GoM of Rate Rationalisation
07:19:46 PM IST, 22 June 2024
Dalai Lama congratulates PM Modi on Nalanda Campus
Tibetan spiritual leader Dalai Lama has written to Prime Minister Narendra Modi to celebrate his inauguration of the campus of the new Nalanda University at Rajgir, Bihar
07:19:54 PM IST, 22 June 2024
Nirmala Sitharaman Press Conference
- Considering we were meeting for only half a day, we could take up limited topics: FM Sitharaman
- Another GST meet will be held post budget session: FM
- Decisions taken related to trade facilitation, relief to tax payers: FM
- Waving interest and penalties for demand notices issued under sector 73 of GST act: FM
- To reduce government litigation, a monetary limit has been recommended of Rs 20 lakh for GST appelete tribuanal: FM Sitharaman
- Rs 1 crore for HCs, Rs 2 crore for SCs for filing of appeals by the department: Nirmala Sitharaman
- New monetary limits are 20 lakhs for GST appelletes, 1 crore for HC: Sitharaman
- To waive interest & pentalties notices for 3 financial years: Sitharaman
- For small taxpayers time limit extended to 30th June for GSTR-4, FY24-25 onwards: Nirmala Sitharaman
- Insertion of a new form GSTR 1-A: FM
- Rolling out bio metric based aadhar authentication: Sitharaman
- The time limit to avail input tax credit in respect of any invoice or debit note under section 16(4) of the CGST Act filed up to the 30-11-2021 for the financial years 17-18, 18-19, 19-20 and 20-21 may be deemed to be 2011 to 2021. So for the same requisite amendment retrospectively with effect from 1 July 2017, the council has made a recommendation: FM
- GST Council recommends a uniform rate of 12 pc on all milk cans: FM
- 12% GST rate recommended on all carton boxes: Sitharaman
- All types of sprinkles will attract 12% GST: FM
- For solar cookers, 12% GST prescribed: Nirmala Sitharaman
- Services provided by Indian Railways like platform tickets exempted from GST: Finance Minister
- GST Council exempts services by way of hostel accommodation outside educational institutions to tune of Rs 20,000/person per month: FM
06:35:02 PM IST, 22 June 2024
A lot of issues were discussed the whole day and in most of them, they were trying to clarify what has happened and were trying to make it a little easier and user friendly, business-friendly. They were trying to avoid all the future litigations… Post-budget session, there’s likely to be another meeting… Most of the recommendations have been approved. Mostly a press note will be coming from the GST council. It was a very interesting and good discussion which took place
– Andhra Pradesh Finance Minister Payyavula Keshav on the GST Council meeting
06:30:32 PM IST, 22 June 2024
Here’s what Andhra Pradesh FM P Keshav had to say about the 53rd GST Council meet
06:14:49 PM IST, 22 June 2024
Himachal: Train service suspended beyond Taradevi, jolt to tourism
The train service on the Shimla-Kalka narrow gauge railway line was suspended beyond Taradevi on Saturday as a preventative measure, after a railway bridge was washed out during monsoon last year, officials said. According to tourism stakeholders, the suspension of trains has shocked Shimla’s tourism business as travellers are swarming to the hills for the ongoing summer season.
05:53:43 PM IST, 22 June 2024
Maharashtra: Rain lashes parts of Mumbai
05:45:45 PM IST, 22 June 2024
Glad to have welcomed PM Sheikh Hasina to Delhi today. Over the year, we have met about ten times but this visit is special because she is our first state guest after our Government returned to power for the third term. Be it the ‘Neighbourhood First’, ‘Act East’ or SAGAR policy, Bangladesh is key to them all.
– PM Narendra Modi
05:38:31 PM IST, 22 June 2024
Hardeep Puri meets LK Advani
05:37:05 PM IST, 22 June 2024
Dharmendra Pradhan on NTA exam
Transparent, tamper-free and zero-error examinations is a commitment. Setting up of the high-level committee of experts is the first of a series of step to improve efficiency of the examination process, put an end to all possible malpractices, strengthen data security protocols and overhaul and reform the NTA. Student interests and their bright future will always be our govt’s top priority
05:23:06 PM IST, 22 June 2024
The shrill discourse of the Ministers of the GNCTD over the last few weeks, has been distressing and questionable at various levels. Drinking water supply has become a challenge in the national capital. Political leaders of Delhi have turned a crisis into an opportunity for blaming neighbouring states, with the sole aim of gaining political mileage. Delhi is dependent on drinking water supply from Uttar Pradesh and Haryana. Interstate water-sharing arrangements are settled through institutional mechanisms created by the Ministry of Jal Shakti, GoI, upheld time and again by the highest court of the land. The states are obliged to release water as per agreements signed under this framework. At the same time, the city government is under an obligation to ensure that this water resource is used efficiently to ensure equitable supplies across the city
– Delhi LG VK Saxena on the issue of water shortage in the national capital
05:15:12 PM IST, 22 June 2024
Actor Darshan sent to judicial custody
- Renukaswamy murder case: Actor Darshan Thoogudeepa and others have been sent to judicial custody till July 4
- Order by Economical Offences Special Court in Renukaswamy alleged murder case
05:09:26 PM IST, 22 June 2024
Israeli strikes kill at least 42 in Gaza
At least 42 were killed in Israeli attacks on Gaza’s Al-Tuffah and Al-Shati districts, Ismail Al-Thawabta, the director of the Hamas-run government media office told Reuters.
05:02:55 PM IST, 22 June 2024
Jodhpur sees communal violence, two cops injured
Two policemen were injured in stone-pelting, a shop was set on fire, and two vehicles were damaged as communal violence erupted in a Jodhpur locality, police reported on Saturday. According to Jodhpur West DCP Rajesh Kumar Yadav, the clash started on Friday night over the construction of a gate at the back of an eidgah near Rajaram Circle in the Soor Sagar area. Local residents opposed the gate to prevent movement of people at the back of the eidgah. (Read more)
04:41:19 PM IST, 22 June 2024
Maharashtra: OBC community holds protest over Maratha Reservation in Beed
04:37:15 PM IST, 22 June 2024
The International Committee of the Red Cross in Gaza damaged by shell attack
Red Cross said its Gaza office was ‘damaged’ by in a shell attack Friday that killed at least 22 people who had taken shelter around the compound. 22 bodies and 45 wounded were taken to a nearby Red Cross field hospital.
04:23:29 PM IST, 22 June 2024
FM Nirmala Sitharaman underlines Centre’s support to states via timely tax devolution, GST compensation arrears
04:22:47 PM IST, 22 June 2024
Tamil Nadu hooch tragedy death toll mounts to 53
04:21:06 PM IST, 22 June 2024
We will take up the concerns raised by the students. There has been no rigging, some of the questions that were wrong have been corrected and the way they were corrected has also been explained in detail on the website. The 54 mistakes that were there have already been corrected. Those flaws have not affected the students’ marks.”
– Director Technical Education, Maharashtra Government, Vinod M Mohitka on MH CET paper issue
04:19:55 PM IST, 22 June 2024
Tamil Nadu hooch tragedy: BJP accuses DMK of shielding culprits
04:13:54 PM IST, 22 June 2024
A police personnel was injured and several vehicles were damaged during a violence that erupted in Gurugram’s Sector 35 following a worker’s death after he was allegedly run over by a factory bus
04:12:59 PM IST, 22 June 2024
Kannada film actor Darshan remanded to judicial custody till July 4 by Bengaluru court in Renukaswamy murder case
04:09:17 PM IST, 22 June 2024
UAPA tribunal confirms Centre’s decision to ban Muslim League Jammu Kashmir(Masarat Alam faction) and Tehreek-e-Hurriyat
04:05:36 PM IST, 22 June 2024
The Ministry of External Affairs releases the list of announcements during the State Visit of the Prime Minister of Bangladesh to India
04:05:13 PM IST, 22 June 2024
The Ministry of External Affairs releases the list of MoUs signed between India and Bangladesh during the State Visit of the Prime Minister of Bangladesh to India
04:04:18 PM IST, 22 June 2024
Bangladesh PM Sheikh Hasina’s visit reflects depth of India-Bangladesh friendship: EAM Jaishankar
03:54:47 PM IST, 22 June 2024
Garden Reach Shipbuilders and Engineers (GRSE) signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany
Garden Reach Shipbuilders and Engineers (GRSE) signed an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG Germany for the construction and delivery of four (04) multi-purpose vessels of 7,500 DWT each, with an option of building another four (04) ships in near future.The vessels will be 120 metres long and 17 metres wide with a maximum draft of 6.75 metres. Each of them can carry 7,500 metric tonnes of cargo. The vessels will have a single cargo hold each to accommodate bulk, general and project cargoes. Containers will be carried on hatch covers.
03:53:32 PM IST, 22 June 2024
This vision document seeks to realise our respective national development visions of ‘Viksit Bharat 2047’ and ‘Smart Bangladesh Vision of 2041’. Besides the vision document, two other futuristic and forward looking documents have been agreed to between the two sides. The first one of them is focused on digital partnership and it is titled ‘Shared Vision for India-Bangladesh Digital Partnership’. The second one focuses on green partnership for a sustainable future. These three vision documents will set the course for new areas of partnership between India and Bangladesh in months and years ahead.
– Foreign Secretary Vinay Mohan Kwatra said on the signing of vision documents between India and Bangladesh.
03:47:48 PM IST, 22 June 2024
It is a complete failure of the government of India because, with so much technology, I can’t seem to understand why there are so many glitches every time there’s a competitive exam. Students and parents work very hard to cross this big milestone of their lives. If they are going to get cheated like this, it’s very unfortunate and the government has failed us. We are going to raise this issue in Parliament. The government is on the backfoot on many issues.
– NCP-SCP MP Supriya Sule on NEET-UG, UGC-NET row
03:44:21 PM IST, 22 June 2024
Court grants time to NIA to file reply on plea of MP Rashid Engineer seeking interim bail
03:39:47 PM IST, 22 June 2024
Former director of AIIMS Delhi Randeep Guleria, Central University of Hyderabad VC Prof B J Rao part of Centre’s panel on exam reforms
03:38:25 PM IST, 22 June 2024
Taking Uttar Pradesh lightly cost us badly: Axis My India chief Pradeep Gupta to PTI on exit polls being wrong
03:30:18 PM IST, 22 June 2024
Two types of fraud have been done in this case. First, that paper got leaked. People from Bihar have been caught, then Gujarat and then Surat. The paper leak issue isn’t localised. It’s an inter-state network. Second is the issue of marking.
– AAP leader Sandeep Pathak on NEET row
03:22:49 PM IST, 22 June 2024
India, Bangladesh agree on starting new train service between Rajshahi and Kolkata
A bus service between Kolkata and Chittagong will also be started.
03:20:56 PM IST, 22 June 2024
Former ISRO chief K Radhakrishnan to head seven-member panel on reforms in examination process: Education ministry
03:19:39 PM IST, 22 June 2024
NASA said on Friday the Boeing Starliner’s return to Earth from the International Space Station, scheduled for next week, has been delayed again. The delay will allow more time for the review of the malfunctions and leaks that caused the first delay
03:19:03 PM IST, 22 June 2024
NEET-UG Row: ABVP members raise slogans against National Testing Agency (NTA) while protesting in Surat, Gujarat
03:12:34 PM IST, 22 June 2024
GRSE signs contract for construction & delivery of multi-purpose vessels worth $54 Million
03:07:44 PM IST, 22 June 2024
That is the style of functioning of this (Karnataka state) government. They have decided to completely collapse the system of Karnataka administration, they are working for that.
– Union minister and JD (S) leader HD Kumaraswamy on Karnataka government hiring Boston Consulting Group to seek suggestions over revenue generation.
03:06:14 PM IST, 22 June 2024
The GST Council meeting scheduled for 22.06.2024, has all eyes on it.The plate is full and expectations are that the Council will take up the issues of: rate structure overhauling and rate rationalization on an overall basis, plug the concerns in respect of inverted duty structure (pharmaceuticals, textiles etc.), provide further clarifications on the newly introduced GST on corporate guarantee. A part of the wish list is that the GST Council provides definitive guidance on multiplicity of proceedings by different tax authorities in the GST regime – this has become a bane for industry and is somewhat allayed by the Circular of 30.03.2024. The online gaming sector, which is reeling under severe impact of modification of the GST rate, anticipates the now delayed review of the sector will be taken up.
– Ranjeet Mahtani, Partner, Dhruva Advisors on expectations from the 53rd GST Counsil Meeting
03:05:41 PM IST, 22 June 2024
We anticipate the 53rd GST Council meeting as a pivotal event, potentially introducing key reforms and announcements. Positioned strategically just ahead of the Union Budget, this session has heightened expectations across various sectors. We expect the outcomes to have far-reaching economic implications, particularly regarding tax rationalization and compliance simplification. Businesses and investors are keenly watching for signals indicating the government’s fiscal direction and commitment to fostering a conducive economic environment. As we approach the Union Budget, significant changes could bolster market sentiment, drive economic growth, and positively influence the investment landscape. The anticipation is palpable, with stakeholders hoping for measures that streamline processes, reduce tax burdens, and encourage greater transparency. Such reforms would enhance economic efficiency and strengthen investor confidence, setting a positive tone for the fiscal year ahead.
– Suman Bannerjee, CIO, Hedonova
03:05:10 PM IST, 22 June 2024
“Expecting some big decision as we are part of double engine government” says Diya Kumari, Finance Minister of Rajasthan
02:59:25 PM IST, 22 June 2024
Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in Delhi
02:58:31 PM IST, 22 June 2024
NEET-UG Row: Digvijaya Singh demands release of names of students who were given grace marks
“A big racket is going on. Why were grace marks given to 1,563 students? A list should be released with the names of all the students who have been given grace marks,” said Congress leader Digvijaya Singh
The spotlight next week will shift somewhat to the Federal Reserve’s second-quarter earnings season and monetary policy. Market watchers will be treated to results from several major names, including Dow 30 components Goldman Sachs (GS), UnitedHealth (UNH), Johnson & Johnson (JNJ) and American Express (AXP), along with streaming giant Netflix (NFLX).
The Fed will still attract some attention as investors will be eager to hear from a packed lineup of central bank speakers just before the policy meeting lockout period.
In terms of the economic calendar, after fifteen days of labor market and inflation indicators, activity data will gain momentum in the form of the latest retail sales and industrial production reports.
Earnings Highlight: Monday, July 15 – Goldman Sachs (GS) and BlackRock (Black). See the full earnings calendar.
Earnings Highlight: Tuesday, July 16 – UnitedHealth (UNH), Bank of America (BAC), Progressive (PGR), Morgan Stanley (IN), PNC Financial (PNC) and JB Hunt Transport (JBHT). See the full earnings calendar.
Earnings Highlight: Wednesday, July 17 – Johnson & Johnson (JNJ), US Bancorp (USB), Morgan Children (KMI), United Airlines (UAL) and Ally Financial (ALLY). See the full earnings calendar.
Earnings Highlight: Thursday, July 18 – Netflix (NFLX), Abbott Laboratories (ABT), Black stone (BX), Domino’s pizza (ZDP) and Taiwan Semiconductor Manufacturing (TSM). See the full earnings calendar.
Earnings Highlight: Friday, July 19 – American Express (AXP), Halliburton (THANKS) and Travelers (VRT (return to recoverable value)) See the full earnings calendar.
IPO Observation: Hospital and healthcare clinic operator Ardent Health Partners (TARDT), insurance service provider Twfg (TWFG) and the biotechnology company Lirum Therapeutics (LRTX) are expected to price their IPOs and begin trading next week. The analyst quiet period ends at Rectitude (RECT) to free up analysts to publish ratings.
Police cars outside the residence of Thomas Matthew Crooks, the suspected shooter at a Trump rally on Saturday, investigate the area in Pennsylvania. Following the incident, one rally attendee was killed, two rally attendees are in critical condition and Donald Trump suffered a non-fatal gunshot wound. The shooter is dead after being shot dead by the United States Secret Service. (Photo by Kyle Mazza/Anadolu via Getty Images)
Investors will initially favor traditional safe-haven assets and may lean toward trades more closely tied to former President Donald Trump’s chances of winning the White House after he survived an assassination attempt, according to market watchers.
“There will undoubtedly be some protectionist or safe-haven flows into Asia early this morning,” said Nick Twidale, chief market analyst at ATFX Global Markets. “I suspect gold could test all-time highs, we’ll see the yen being bought and the dollar, and flows into Treasuries as well.”
Early market commentary suggested Trump’s shooting at a rally in Pennsylvania on Saturday could also prompt traders to increase his likelihood of success in the November election. His support for looser fiscal policy and higher tariffs is generally seen as likely to benefit the dollar and weaken Treasuries.
An indicator of market sentiment heading into the weekend: Bitcoin surged above $60,000, likely reflecting Trump’s pro-crypto stance.
Other assets positively linked to the so-called Trump trade include stocks of energy companies, private prisons, credit card companies and health insurers.
Traders will also be closely watching market measures of expected volatility on Monday, such as those in the tariff-sensitive Chinese yuan and Mexican peso, which have begun to price in the U.S. vote.
Trump said he was shot in the right ear after a shooting at his rally. His campaign said in a statement that he was “fine” after the incident, which prompted him to rush off the stage.
“Currencies will be the first major market on Monday in Asia to react to the weekend’s shots. There’s potential for extra volatility, and getting a clear reading could be especially difficult because liquidity will be hurt by Japan’s national holiday,” said Garfield Reynolds, Asia team leader for Bloomberg Markets Live.
Strategists had already expected a volatile run-up to the election, particularly as Democrats are still agonizing over President Joe Biden’s candidacy after his poor performance in last month’s debate raised questions about his age. Investors were also grappling with the possibility that the election could end in a drawn-out dispute or political violence.
But there is little precedent for events like those in Pennsylvania. When President Ronald Reagan was shot four decades ago, the stock market plunged before closing early. The next day, March 31, 1981, the S&P 500 rose more than 1% and benchmark 10-year Treasury yields fell 9 basis points to 13.13%, according to data compiled by Bloomberg.
Bond investors should pay particular attention as the attack is likely to boost Trump’s election chances and ultimately lead to concerns about the fiscal outlook, according to Marko Papic, chief strategist at California-based BCA Research Inc.
“The bond market must at some point become aware of President Trump’s greater chances of winning the White House than any of his rivals,” Papic wrote. “And I continue to believe that as his chances increase, so too must the likelihood of a bond market revolt.”
Kyle Rodda, senior financial markets analyst at Capital.com, said he was seeing client flows into Bitcoin and gold following the shooting.
“This news marks a turning point in American policy norms,” he said. “For markets, it means safe-haven trades, but more tilted toward non-traditional safe-havens.”
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Latest news on July 11, 2024: Airtel says its new Xstream Fiber plans bundle over 350 live TV channels (Official Photo) (Reuters) Disclaimer: This is an AI-generated live blog and has not been edited by Hindustan Times staff.
Follow all the updates here:
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Thu, 11 Jul 2024 08:44 PM
Business News LIVE Updates: Decoding Airtel’s new Xstream Fiber packages, finding value with Live TV and OTT
- Airtel confirms to HT that the live TV proposition is being delivered using its DTH network, while the bundled streaming subscriptions are an extension of its Xstream Play platform.
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Thu, 11 Jul 2024 03:58 PM
Business News LIVE Updates: TCS Q1 results meet estimates: Net profit up 9%, ₹10 dividend declared
- TCS’s consolidated revenue rose 5.4% to Rs 626.13 billion in the June quarter. Analysts had expected revenue of Rs 622.07 billion, as per LSEG data.
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Thu, 11 Jul 2024 03:51 PM
Business News LIVE Updates: Indian companies falsified generic Viagra data to get approval, says US FDA: Report
- Synapse Labs Pvt. Ltd may have been used in hundreds of drugs that are still available for sale, the report said.
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Thu, 11 Jul 2024 03:09 PM
LIVE Business News Updates: Namita Thapar’s emotional post on Emcure IPO listing: ‘Mirza Ghalib sums up my feelings’
- Emcure Pharmaceuticals was listed at ₹1,325.05, up 31.45% on the BSE and NSE on July 10.
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Thu, 11 Jul 2024 02:39 PM
LIVE business news updates: Amazon could face investigation over treatment of UK food suppliers, watchdog says
- An Amazon spokesperson said the company has made several improvements for food suppliers since last year’s results.
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Thu, 11 Jul 2024 01:39 PM
LIVE Business News Updates: This Bengaluru company aims to launch a ‘space habitat’ by 2027, in talks with SpaceX
- AkashaLabdhi calls itself a “home among the stars” as it says the company’s area of expertise is signal processing and continuous automation.
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Thu, 11 Jul 2024 01:10 PM
Business News LIVE Updates: Amazon India employees on working conditions: Made to stand for hours, bathroom breaks not allowed
- A survey conducted by UNI Global Union with the Amazon India Workers Association had 1,838 participants who alleged appalling working conditions at Amazon facilities in India.
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Thu, 11 Jul 2024 12:44 PM
LIVE Business News Updates: UK overhauls listing rules in bid to attract IPOs to London: What has changed?
- The new rules allow companies to carry out more activities without putting them to a shareholder vote, the UK’s Financial Conduct Authority said.
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Thu, 11 Jul 2024 12:18 PM
Business News LIVE Updates: Want to send money abroad? Open foreign currency accounts at GIFT City
- Foreign currency accounts will be like a bank account in India, but instead of rupees, you hold foreign currency like US dollars.
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Thu, 11 Jul 2024 11:30 AM
Business News LIVE Updates: First Abu Dhabi Bank denies interest in acquiring stake in Yes Bank: Report
- The report said the Yes Bank stake sale has attracted interest from Japan, including Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc.
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Thu, 11 Jul 2024 11:04 AM
LIVE Business News Updates: TCS Share Price Surges Ahead of Q1 Results: What Brokers Say About the Stock
- TCS Share Price: The stock opened at ₹3,944.65 against its previous close of ₹3,909.90. It then rose 1.8 percent to ₹3,979.90 level.
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Thu, 11 Jul 2024 10:22 AM
LIVE Business News Updates: Reliance Jio IPO listing likely in 2025 at $112 billion valuation: Jefferies
- Jio “could list at a valuation of $112 billion” and add “7-15 percent upside” to Reliance Industries’ share price, Jefferies said.
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Thu, 11 Jul 2024 09:42 AM
LIVE Business News Updates: Yes Bank shares rise after Moody’s revises outlook to ‘positive’ from ‘stable’
- Global rating agency Moody’s has raised its outlook on Yes Bank to positive from “stable” despite expectations of a gradual improvement in its depositor base.
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Thu, 11 Jul 2024 09:16 AM
Business News LIVE Updates: Sahaj Solar IPO opens today: All you need to know before subscribing to the issue
- Sahaj Solar IPO: The block issue aims to raise ₹52.56 crore through issuance of 2.92 million new shares and will close on July 15.
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Thu, 11 Jul 2024 08:40 AM
LIVE Business News Updates: Why Analysts Believe India’s Earnings Season May Disappoint Stock Market Investors
- Investors in Indian stocks hoping for a robust earnings season to justify expensive valuations are likely to be disappointed.
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Thu, 11 Jul 2024 08:35 AM
LIVE Business News Updates: Elon Musk Says Second Neuralink Brain Implant Will ‘Give People Superpowers’ Within a Week
- Elon Musk said Neuralink will make some changes to try to alleviate the problem of its electrode wires retracting from brain tissue.
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Thu, 11 Jul 2024 07:59 AM
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News / Business / Latest Business News Live Updates Today, July 11, 2024
Source
News
Jio Financial share price: Should you buy this Reliance group stock on Monday ahead of Q1 FY2024 results?
Q1 2024 Results: Jio Financial Share Price will be in focus on Monday as the Reliance Group company has a fixed board meeting on July 15, 2024 to consider and approve the company’s unaudited standalone and consolidated financial results. Trust Group company informed about the Q1 2024 Results date on Wednesday last week via an exchange filing. According to stock market experts, Jio Financial Services Limited is poised to deliver impressive Q1 results for FY25 on solid operating income. They have forecast a healthy QoQ PAT for the company in Q1 FY25.
Jio Financial Services News
Speaking on the Jio Financial Services Q1 2024 results, Manish Chowdhury, Head of Research, StoxBox, said, “We believe Jio Financial Services is poised to deliver impressive results in Q1FY25 aided by its operating income, which is likely to show robust growth driven by strong investment income, which in turn should lead to healthy PAT growth on a sequential basis. Jio Financial Services continues to make strategic moves such as launching digital products and expanding its ecosystem, with a clear focus on future growth. The company has announced plans to introduce products for lending against stocks and mutual funds, leveraging Jio’s large user base, which could be a significant growth driver in the coming quarters.”
“Furthermore, with the NBFC receiving RBI approval to become a primary investment company, Jio Financial Services is well-positioned to unlock value from its investments. Overall, we expect the company to report robust numbers in the upcoming quarter,” the StoxBox expert added.
Jio Financial Stock Target Price
Speaking about the technical outlook of Jio Financial share price, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi, said, “Jio Financial Services share price is poised to make a fresh high at the ₹260 apiece level. If the stock breaks above this mark, the Reliance Group stock could make a fresh high by touching the ₹290-₹295 zone. Hence, those with Jio Finance stock in their portfolio are advised to stick to the script by keeping a stop loss at ₹205. If the stock breaks above ₹260 decisively, then one can upgrade the stop loss at ₹240 for the near-term target of ₹295.”
On the advice to new buyers regarding Jio Financial stock, Ganesh Dongre said, “New buyers are advised to wait for the breakout. Once the stock breaks above ₹260, one can buy this Reliance Group stock at the short term target of ₹295, keeping a stop loss of ₹240 apiece.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms, and not of Mint. Investors are advised to consult with certified experts before making any investment decisions.
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