Author: Telegraph Desk

Indian indices settled almost flat for the second consecutive week amid mixed cues. The beginning was subdued but buying in select heavyweights in the middle tried to change the tone. On Friday, Sensex closed closed 223 points, or 0.35 per cent, lower at 62,625.63 while the Nifty ended at 18,563.40, down 71 points, or 0.38 per cent. The domestic market had a positive start to the week, buoyed by favourable indicators such as stronger-than-expected PMI figures, sequential growth in auto sales, and robust expansion in bank credit, said Vinod Nair, Head of Research at Geojit Financial services “However, market sentiment…

House scientists are observing a brand new supernova for doable radio alerts from aliens because it expects a complicated civilization to speak with Earth, house web site NewScientist mentioned on Friday. Astronomers are suggesting to make use of of supernovas as lately a supernova dubbed SN 2023ixf was discovered 21 million mild years away from Earth. As per the report, the supernova is the closest stellar explosion detected from the Earth in a decade. The brand new report comes days after a examine revealed that narrow-frequency radio pulses is usually a methodology to speak throughout lengthy distances and can be…

Brokerage JM Monetary have given ‘purchase’ score to Reliance Industries because it suggests a goal value of ₹2,900. The brokerage mentioned that the considerations on debt are overdone. The brokerage, JM Monetary mentioned that Reliance Industries share costs have been very near our worst-case worth, the important thing debates with buyers have been on potential triggers that might really drive a decisive rerating within the inventory.  The important thing arguments in opposition to a re-rating have been that there are restricted earnings-upgrade triggers for now, low visibility on event-based triggers within the close to time period (viz., itemizing of Digital…

Fastened deposit (FD) remains to be thought-about to be one of many oldest and most secure funding devices supplied by banks. These days, banks often present FD tenures ranging between 7 days to 10 years and the rates of interest differ from one financial institution to a different.  On June 8, the Reserve Financial institution of India (RBI) in its financial coverage committee (MPC) overview, stored the repo fee — the rate of interest at which the central financial institution lends cash to industrial banks — on maintain at 6.5 per cent. Within the June 2023 coverage, the central financial…

SRINAGAR: The controversy triggered by the refusal of a college principal to allow students inside the college wearing an ‘Abaya’ has evoked strong criticism in Kashmir. Abaya is an Islamic dress worn as a loose gown by a woman. The students appearing for the common entrance test for colleges conducted by the NTA were initially refused entry into the college by the principal at one of the exam centres in Srinagar city as the girl candidates were wearing Abaya. Better sense prevailed on the principal who later allowed the students to take their test while wearing the same dress. Former…

HYDERABAD: Taking strong exception to ‘Aurangzeb ki aulad’ remark of Maharashtra Deputy Chief Minister Devendra Fadnavis, AIMIM president Asaduddin Owaisi asked him “who are the offspring of Nathuram Godse and Narayan Apte, the killers of Mahatma Gandhi”. The Hyderabad MP slammed Fadnavis for making the remark while referring to riots in Kolhapur. “Tell us who are the offspring of Godse and Apte,” asked Owaisi. He alleged that 30,000 RSS men came out on streets after the alleged display of an image of Tipu Sultan in Kolhapur. “It was not an image of Tipu Sultan but was of some Allah Waley…

MUMBAI: Popular Punjabi-singer Diljit Dosanjh had a hilarious reaction to a news report claiming he got “touchy” with American singer Taylor Swift at a restaurant in Vancouver. In a now deleted tweet, Diljit joked about the news report and said that there’s “something called privacy.” Diljit was replying to a news report by a Canadian outlet, which had the headline: “BREAKING: Vancouver patrons were in for a surprise when they saw two of their favourite stars dining together at Cactus Club Cafe Coal Harbor on Monday night. Multiple sources confirmed that Taylor Swift and Diljit Dosanjh were laughing and being…

Days after recovering Pakistani drone carrying narcotics in Punjab, Border Security Forces (BSF) troops disabled another attempt of drug smuggling from Pakistan to India on Saturday. The BSF troop shot down a drone carrying suspected narcotics from Pakistan along the International Border near Rai village in Amritsar, Punjab. Earlier, a Pakistani drone carrying along the International Border near Rai village was recovered by the forces on the intervening night of Thursday and Friday. The Punjab Frontier’s PRO, said that they are suspecting the smuggled item to be heroin due to its gross weight of approx 5.5 kg. “On June 10,…

Tata Technologies IPO effect: Tata Motors shares have been in uptrend once Tata Technologies Ltd filed DRHP (Draft Red Herring Prospectus) at SEBI. It is exactly three months since the IT company filed DRHP for Tata Technologies IPO and in these three months, Tata Motors share price has surged from ₹430 apiece levels to ₹562 per share mark, logging more than 30 per cent rise in this time. However, experts believe that Tata Motors shares may continue the uptrend as market is expecting huge benefit for Tata Motors after the launch of Tata Technologies IPO. Stock market experts said that…

The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year. The Elon Musk-led EV company has added more than $194 billion to its market valuation in an 11-day run, as the shares tied with their longest-ever winning streak. It is only the second time in Tesla’s history that the shares have managed this feat.  Tesla has been a “wild stock” over the years, but…