Posts in category All News
Strong long-term gains for IndiGo as demand rises (09-07-2024)
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
Lupin shares up 0.78% as Nifty gains (09-07-2024)
The stock quoted a 52-week high price of Rs 1793.6 and low of Rs 896.3.
The impact of India’s 1% TDS on Virtual Digital Assets: A call for reform (09-07-2024)
India's 1% TDS and 30% tax on VDAs led to a 97% trading volume drop, 81% user decline, and migration to offshore exchanges. NALSAR and Meyappan Nagappan report tax losses and suggest reducing TDS to 0.01%, allowing loss offset, and revising the 30% tax rate. Current tax policy hampers India's digital economy and causes brain drain.
Speculators Slightly Reduce Net Long Position In US Dollar Index (09-07-2024)
Large currency market speculators in the US dollar futures slightly reduced their net long position but still hovering near a six month high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of US dollar index futures, traded by large speculators and hedge funds, totaled a net position of 16582 contracts in the data reported through July 02, 2024, still staying at its highest level since December 2023. This was a marginal weekly decline of 940 net long contracts.
Kharif acreage up 14% on year, good gains in area under pulses, rice and oilseeds (09-07-2024)
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Share price of Ambuja Cements falls as Nifty strengthens (09-07-2024)
A total of 46,834 shares changed hands on the counter till 12:43PM (IST).
Inox Wind gains on bagging 200-MW order (09-07-2024)
Inox Wind gained 2.31% to Rs 161.95 after the wind energy solutions provider has bagged an order for 200 megawatt (MW) from a renewable C&I power producer.
G M Breweries standalone net profit rises 25.26% in the June 2024 quarter (09-07-2024)
Sales rise 3.77% to Rs 152.40 crore
Trent shares drop 0.56% as Sensex rises (09-07-2024)
The stock quoted a 52-week high of Rs 5662.8 and a 52-week low of Rs 1657.25.