FM Nirmala Sitharaman pushes for easier processes to boost public service delivery
Finance and corporate affairs minister Nirmala Sitharaman has called for the simplification of official processes in order to improve the delivery of public services. She emphasized the need for consistency in reform policies and encouraged officers to utilize government resources effectively.
Breakout Stocks: How New India Assurance, General Insurance and Welspun India are looking on charts for Wednesday’s trade
Stocks that were in focus include names like The New India Assurance Company which rose more than 5%, General Insurance Corporation which gained nearly 6% to hit a fresh 52-week high and Welspun India which was up over 6% during the session.
Exchanges fine Adani Enterprises for non-compliance of Sebi listing norms
Both the exchanges have levied a fine of Rs 28,000 each. Adani Enterprises is in the process of making applications to NSE and BSE with detailed justifications highlighting that the company is in due compliance with provisions of Sebi listing regulations and requesting for waiver of fines, imposed by the respective authorities
Pak man arrested for threatening to blow up plane; 32 flights cancelled
Muhammad Arif, a 45-year-old Pakistan national, allegedly threatened to detonate a bomb on board Malaysia Airlines flight MH122 from Sydney to Malaysia, causing the aircraft to return to the origin city Sydney. Arif’s defense lawyer cited “serious mental issues” as reasons for his client’s refusal to participate in the proceedings.
Friendship with Pak will always remain ‘rock-firm’, says China as it congratulates caretaker PM Kakar
China congratulated Pakistan’s new caretaker prime minister, Anwarul Haq Kakar, on his appointment and condemned the recent terrorist attack on a military convoy carrying Chinese workers in Gwadar, Balochistan province. Attacks on projects connected to the China-Pakistan Economic Corridor have grown more frequent recently, and Balochistan remains a site of a long-running insurgency.
Yuan falls to lowest since November as Chinese economy sputters
The currency has now tumbled about 5% this year, the worst performer in Asia after the yen.
Tech View: Conviction missing from timid Nifty. What traders should do on Wednesday
On the derivatives front, the strikes of 19400 saw the addition of call open interest. Negative chart patterns like lower tops and bottoms continued as per daily chart and Nifty seems to be forming a smaller lower top as of now within a narrow range, analysts said
Why REC is confident of reaching net zero NPA by ‘25, AUM target before 2030
:The overdues of generation and transmission companies have come down by almost half, from Rs 1,40,000 crore to Rs 70,000 crore. All current dues are being paid on time. Subsidies are coming from the government. Tariff revisions are happening. That has given a lot of impetus to the sector and the investors are quite excited […]
Chart Check: After 40% rally in 3 months, this wire and cable maker sees breakout from flag pattern; time to buy?
The stock rose from Rs 3,405 as on 18 May 2023 to Rs 4,773 on the BSE recorded on 18 August 2023 which translates into an upside of over 40%.
Bajaj Auto domestic biz showing signs of incremental growth; big opportunity in ASEAN
“Rather than V-shaped recovery, it is better for everyone, for the entire ecosystem, for the dealers, for the vendors, for the company, to see a robust if flatter recovery. We are seeing that happen. A 3-5% single digit positive is a nice recovery to see. The top half of the segment is growing in the […]