Live updates on the share price of NBCC India today: NBCC India stock declines in todays trading

Live updates on the share price of NBCC India today: On the final day of trading, NBCC India's stock finished at ₹129.8, having begun at ₹132.4. ₹137.7 was the day's high, and ₹130.95 was the low. At ₹24642.0 crore, the market capitalization was recorded. The stock has a 52-week high of ₹176.5 and a 52-week low of ₹38.1. There were 839,998 shares traded on the BSE in the day.Current Live Share Price for NBCC India: At 11 AM, the price of NBCC India is trading at ₹136, indicating a fall of -0.66%, while the volume traded is 6.90% greater than yesterday's volume. In addition to price, volume traded is an important indication for trend analysis. Higher volume and a positive price movement both point to a long-term upward trend, whereas a negative price movement and higher volume can suggest a future price decrease.Current Live Share Price for NBCC India: Over the past hour, the stock price has fluctuated between 137.22 and 134.27 levels. By making purchases close to the hourly support at 134.27 and sales close to the hourly resistance at 137.22, traders may wish to think about rangebound trading tactics.NBCC India Share Price Live: Currently trading at ₹135.75, the share price of NBCC India is between the important daily support and resistance levels of ₹132.67 and ₹139.32. Should it surpass the ₹132.67 support level, we should anticipate additional bearish movement. On the other hand, a positive movement will occur if the price crosses 139.32.NBCC India Share Price Live: Today, the company's stock price fell by 0.55% to ₹136.15, while the performance of its peer businesses was inconsistent. Brigade Enterprises, Kalpataru Projects International, and IRB Infrastructure Developers are all on the rise, whereas IRCON International is on the decline. The major indices, the Sensex and the Nifty, are down 0.04% and 0.11%, respectively, overall.Live Updates on NBCC India Share Price: Sell is the consensus analyst rating. Live Updates on NBCC India Share Price: The trend of analyst recommendations, with a current rating of Sell, is displayed below. The goal price, ₹105.0, is 22.91% less than the current market price. ₹30.0 is the lowest target price according to analyst forecasts. ₹143.0 is the highest goal price according to analyst forecasts.  

Live stock market updates for May 14, 2024 Shriram Finance gains more than 2% while Sensex and Nifty trade flat with a positive bias.

Nifty, Sensex, and Stock Prices LIVE: The BSE Sensex was up 104.84 points, or 0.14%, at 72,880.98 at 10.40 a.m., while the Nifty 50 was up 39.35 points, or 0.18%, at 22,143.40. All sectoral indices saw positive trading, with the exception of Nifty Healthcare, FMCG, and Pharma. Nifty Bank increased by 0.05% and Nifty Metal gained 1.16%. India's VIX went up to 21.12%. In May, DIIs made purchases while FIIs kept selling equities. With strong market volatility indicated by the India VIX, analysts advise investors to hold off until a trend change is anticipated, which is anticipated before June 4th, the counting day. Kotak Securities' Shrikant Chouhan offered trading methods based on index levels. Major laggards on the NSE were Cipla, Divi's Laboratories, and Bajaj Auto, while top gainers were Shriram Finance, Power Grid, and Hindalco. PrincipalStock Market Today | Share Market Live Updates - Get all the latest information on the Indian stock markets, share prices, Sensex, Nifty, BSE, and NSE for May 14, 2023, right here.Sensex Today Live Updates: After an overnight surge in Chinese equities listed in the US, Hong Kong markets seemed set to rise. Before this week's important US inflation data, other Asian markets moved in a rangebound manner.Hong Kong equity futures increased as the Golden Dragon Index reached its highest point since September on Monday. Tencent Music Entertainment saw an 11% increase as the online platform released first-quarter results that exceeded forecasts. Australian shares fell as benchmarks in South Korea and Japan increased.According to Chris Weston, head of research at Pepperstone Group, "Hong Kong markets should open higher, with all eyes on earnings from Tencent and Alibaba – both will need to deliver earnings above consensus results and inspiring guidance, as expectations are high, and the market is long and strong." Just a few days ahead of the primary consumer price index, which is expected to indicate stabilization but still remaining too high to justify rate cuts, US stocks, bonds, and the currency experienced slight movements. US futures traded steadily in the early hours of Asia. Economists will analyze US producer price data later on Tuesday to evaluate the significance of the many categories that go into the Federal Reserve's favored inflation indicator. Additionally, Fed Chair Jerome Powell has set  

Purchase stocks before June 4, advises Amit Shah; what stock market experts suggest

Union Home Minister Amit Shah told a media outlet on Monday not to link the recent stock market moves to the general elections of 2024. He encouraged stock investors to "buy before June 4," the date of the Lok Sabha election results, anticipating a subsequent surge in the domestic stock market."I can't anticipate stock market moves. However, the market often experiences a surge when a solid government is constituted at the center. I see $400-plus seat wins for BJP, a stable Modi government coming, and thus market rising," Shah told NDTV.His remarks were made on a day when the stock market benchmark Nifty was down for the sixth straight session and the fourth phase of the ongoing elections was in progress. The market's current state of uncertainty regarding the poll's outcome did not seem to phase Shah.Nomura India predicted a BJP victory and continued policy after the general elections in 2024 based on recent polls. Nomura envisions a persistent emphasis on infrastructure spending and a manufacturing drive in addition to budgetary consolidation as part of the reform program for the ensuing five years."The government might concentrate on the more divisive political reforms pertaining to the forces of production—land, labor, and capital—as well as judicial reforms and streamlining the administration of direct and indirect taxes, such as incorporating alcohol, gas, and electricity under the GST. The administration is also anticipated to concentrate more on facilitating foreign investment and establishing the framework for industries of the next generation," the statement stated.MUFG Bank, however, pointed out that although it appeared to be a "done deal," with most political analysts and pollsters predicting that the incumbent BJP government would likely win handily, lower voter turnout in the first three phases of the election has raised perceived uncertainty about the result, even though the consensus is still firmly in favor of the incumbent's return. As long as the Bharatiya Janata Party (BJP) retains a majority of seats in the Lok Sabha (more than 272 seats), we believe that markets will eventually see the results of the Indian general elections favorably. If the BJP loses a few seats but keeps its majority, there might be some little knee-jerk weakness in INR FX and risk assets, the report stated.According to MUFG Bank, in such a situation there will still be policy continuity in important sectors like infrastructure, investment attractiveness, fiscal consolidation, and inflation management, so this weakness should eventually rebound. "Conversely, a greater seat share win by the BJP compared with 2019 (>303 seats) would increase the ability to pass more contentious structural reforms in land, labour and the agriculture sector, and will be perceived much more positively by markets, with INR FX and risk assets likely rallying in the aftermath," it stated. All eyes would be on the July Budget, according to Mirae Asset, if the BJP wins power, to see if any changes are made to the MSP policy, direct or indirect taxation, or MGNREGA payments. Long-term, the emphasis wouldPhillipCapital stated this week that if the much-publicized 400-plus target is met by the BJP-led NDA, it anticipates a robust rise. "We would view a lower 300–330 seat NDA as a buying opportunity if it causes a knee-jerk reaction in the market, or a decline. We would maintain a careful eye on the election's outcome and stock market conditions in the event that voter turnout continues to deteriorate in the upcoming rounds of the election, the domestic brokerage stated in its note.  

After a huge debut, the share price of Indigene plummets 12%. Purchase, sell, or hold?

Current state of the stock market: The price of Indigene shares listed at a hefty premium on the BSE and NSE, notwithstanding weakness across Dalal Street segments. The price of one Indigene share is ₹659.70 on the BSE, while the share is listed at ₹655 on the NSE. Profit-booking, which occurred shortly after the share debut, caused the stock to drop sharply against the listing price, with the NSE and BSE seeing intraday lows of ₹527.10 and ₹527.80, respectively. As a result, the stock was unable to maintain the greater premium. Nonetheless, there was a slight recovery and reduction in losses for the recently listed shares. As of right now, the NSE is quoting Indegene shares at ₹600 apiece, which is around 9% less than the listing price.Prashanth Tapse, AVP of Research at Mehta Equities, commented on the Indegene share price listing: "Taking into account the robust subscription demand and a healthy listing gain as per our expectations against the issue price of ₹452 per share." Because of its near monopoly in providing services specifically designed for the life sciences sector and its in-depth knowledge of pharmaceutical marketing, clinical trials, pharmacovigilance, medical and regulatory affairs, and health informatics—all of which benefit its clientele throughout the value chain—we think the company's healthy listing is warranted."Purchase, sell, or hang onto? The professional guidance from Mehta Equities is evident for the Indegene share allottees upon listing. "Post-listing, we see the valuations are getting stretched and considering market selloff mood and other parameters, we are recommending conservative investors to book profits, while risk-taking investors can continue holding for long term." This advice is essential for making wise investing choices.A smart go-to-market approach is anticipated to propel Indegene's operational performance forward. It is recommended that investors who have been allotted shares hold them for medium- to long-term gains due to their solid financial track record and fair valuation.Investors are reassured by Pace 360's Chief Global Strategist and Co-Founder Amit Goel about Indegene Limited's distinct position in the market. "Indegene Limited is a distinctive participant in the Life Science Industry, providing digitally guided commercialization services. Its virtual monopoly accounts for more than 98% of its total income worldwide. Considering the favorable outlook following profit-booking, investors could want to allocate funds for medium- to long-term gains." The company's future prospects should be bolstered by this unique position.  

Release date for the Super Mario Bros. film: Nintendo makes a significant statement

According to information released by Nintendo, a Super Mario Bros. movie is being developed. According to a Dexerto article, the film's creators hope to debut the movie in theaters on April 3, 2026, even if there isn't an official release date yet.The company that supported the first Super Mario Bros. movie in 2023, Illumination, is slated to produce the next one as well. The 2023 film surprised everyone by being the second-highest-grossing film of the year, according to Dexerto.As previously reported by the AP in March, a business that was sued by Nintendo for developing software that enabled widespread video game piracy has agreed to pay the creator of "Super Mario" $2.4 million in damages and shut down the tool.The firm that created "Legend of Zelda" and "Donkey Kong" filed a lawsuit against Tropic Haze, a US state based in Rhode Island, for owning and operating the well-known video game emulator Yuzu.To play video games meant for a particular platform, such the Switch, PlayStation, or Xbox, one can download an emulator onto a computer or smartphone. Originally, before retro gaming became a separate market for Nintendo, Sony, and Microsoft, emulators were created to play games that were no longer released on the newest platforms.As per a settlement agreement submitted to the US federal court located in Rhode Island, the defendant consented to transfer all of Yuzu's programming code to Nintendo and cease making the game accessible to the general public.  

Highlight of the Stock Market The markets end their losing run! Nifty closes above 22,000, Sensex closes up nearly 250 points; Bank Nifty finishes in the red.

News about Today's Share Market Crash - Sensex, Nifty, Share Prices Highlights of the Crash: The trading session on Friday saw the key equity indices conclude in the green.Current News on the Share Market: Sensex, Nifty, and Share Prices Standouts: On May 10, the benchmark equity indices ended a four-day losing streak. The NSE Nifty 50 closed 97.10 points, or 0.44%, lower at 22,054.60, while the BSE Sensex increased 248.45 points, or 0.34%, to conclude the day's trading at 72,652.62. At 49,551.20, the Nifty Midcap 100 ended the day higher, up 442.05 points, or 0.90%. Nevertheless, Bank Nifty ended the day at 47,449.64, down 38.25 points, or 0.08%.Highlights of the stock market: On Tuesday, continuous selling in major index heavyweights including Reliance, HDFC Bank, Infosys, and Bharti Airtel caused equity benchmark indices to linger in the negative zone.The S&P BSE Sensex eventually closed 362 points lower at 72,470 after reaching a low of 72,363. The BSE benchmark ended its three-day winning streak, during which it had gained 821 points, in the process. The NSE Nifty 50 closed at 22,005, down 92 points from its closing price of 21,948, but it was able to keep over the 22,000 barrier in the end.The two companies with the largest percentage losses among the Sensex 30 were Power Grid and Bharti Airtel, both down 2%. On the BSE benchmark, however, HDFC Bank, Reliance, and Bharti Airtel collectively contributed to a 250-point decline.However, a few noteworthy largecap movers were Axis Bank, Larsen & Toubro, NTPC, and Bajaj Finance.The BSE MidCap index concluded with a 0.7% gain, outperforming the rest of the market. The SmallCap index finished slightly lower, down 0.1%.  

Yes Bank releases a list of senior hires.

Mumbai: Rajeev Uberoi was named senior group president for governance and controls and Anurag Adlakha was named senior group president and head of financial management and strategy by Yes Bank on Monday.Uberoi will be in charge of management governance, compliance, vigilance, legal (general counsel), company secretarial, and control responsibilities at Yes Bank. Uberoi was previously in charge of legal and audit at IDFC Bank.Adlaka, the former CFO of Jana Small Finance Bank, will be in charge of boosting Yes Bank's bottom line.According to a press release from the bank, both of the top personnel will answer directly to Ravneet Gill, managing director and chief executive officer.Additionally, the Yes Bank board of directors made it clear that the lender's liquidity and operational performance were strong, and that its financial condition was "sound and stable." To approve the financial results for the quarter that ended on June 30, 2019, the board will convene on July 17. In addition, the bank denied "unfounded speculation about, among other things, the bank's asset portfolio, future growth prospects, Board & management stability."Yes Bank shares were trading at ₹93.40 on the BSE at 11:45 a.m.Yes Bank shares were trading at ₹93.40 on the BSE at 11:45 a.m. Open up a world of advantages! Everything you need is right here, only a click away, including intelligent newsletters, real-time stock tracking, breaking news, and a customizable newsfeed! Register Now!  

This railway stock surges 7% after signing ₹229 crore deal with AAI

Rail Vikas Nigam Ltd saw a 7.2% surge in its shares on Tuesday, March 26, following its agreement valued at ₹229 crore with the Airports Authority of India (AAI).In a recent filing with the exchange, the company disclosed the execution of a Memorandum of Understanding (MoU) with the Airports Authority of India. This MoU is geared towards streamlining the development of a subway or underpass, intended to link the operational area to the residential colony of the statutory body in Kolkata.The projected cost for this construction endeavor is approximately ₹229.43 crore, inclusive of GST charges. The Indian Railways Public Sector Undertaking (PSU) emerged as the top performer on the Nifty Midcap 100 index, with RVNL shares surging by as much as 7.2% to reach ₹267.8 apiece on the BSE.Rail Vikas Nigam Limited (RVNL) clinched the position of the lowest bidder (L1 bidder) for a project valued at ₹167.28 crore by South Eastern Railway on Wednesday, March 20, 2024. The contract for this project has been confirmed by South Eastern Railway. The project involves the design, supply, construction, testing, and commissioning for the upgradation of the electric traction system from 1 x 25 KV to 2 x 25 KV traction system for the Rajkharsawan-Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway. This upgrade aims to meet the 3,000 MT loading target, as stated by the company last week. RVNL's shares have witnessed an impressive growth of almost 50% in the last three months and are up by over 45% this year. Over the past year, the stock has delivered a remarkable return of 307% to its investors.At 1:19 pm, RVNL shares were trading 4.8% higher at ₹261.8 apiece on the BSE.  

Nike shares fall 8% as shoemaker anticipates drop in sales

Nike's stock plunged by almost 8% on New York Stock Exchange (NYSE) during early trading on Friday following the company's announcement that it anticipates a decline in sales during the first half. This projection comes as Nike shifts focus from older styles to more fashionable sneakers in its competitive battle for market dominance against emerging brands. "What we heard on this quarterly call was that the merchandise margin recovery was coming slower largely due to management actions (reducing core product lines) and that sales through 1H25 would remain in negative territory," Barclays analyst Adrienne Yih, was quoted as saying by Reuters The brokerage Barclays slashed its price target by 20% to $114, marking the most significant adjustment on Wall Street following the latest results. Investors were particularly attentive to executives' remarks, highlighting Nike's prolonged direct-to-consumer (DTC) strategy's failure to spur growth as anticipated. Consequently, the leading sportswear manufacturer is pivoting its focus towards revitalizing relationships with its wholesale partners. "Nike's distribution strategy is all over the place. Problem is customers want to buy Nike everywhere so reducing wholesale dramatically seems like the wrong move in hindsight," Jefferies analyst Randal Konik was quoted as saying. The company's direct-to-consumer (DTC) initiatives have been hindered by slow demand in North America. Lululemon Athletica, a competitor, reported a decline in annual revenue and profit due to decreased demand primarily in the same region, leading to a 14% drop in its shares on Thursday. Over the past year, Nike's stock has depreciated by 16% in value. Nike's forward price-to-earnings ratio, a standard measure for assessing stock value, stands at 24.84. In comparison, Adidas and Puma boast forward price-to-earnings ratios of 52.08 and 15.31, respectively.  

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Bank Nifty Price Live blog for 22 Mar 2024

Bank Nifty Share Price Today Live: These stocks are witnessing an unusually high volumes in trade today Punjab National Bank (34991793), HDFC Bank (22987454) and IDFC First Bank (22337695). Bank Nifty Share Price Today Live: The Bank Nifty closed the day at 46684.9 up (0.36%) in comparison with its previous close. It has touched an intraday low of 46566.8 and high of 46974.15 Bank Nifty futures are at 46904.6 (0.23%) with an open interest change of -4.5% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future. Bank Nifty futures are at 47024.95 (0.49%) with an open interest change of -2.2% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future. Bank Nifty Share Price Today Live: The Bank Nifty is currently trading at 46871.7 up 0.4% in comparison with its previous close. It has touched an intraday low of 46566.8 and high of 46948.5 Bank Nifty futures are at 46918.0 (0.26%) with an open interest change of 0.79% which indicates Continuation of bullish trend in near future ank Nifty Price Live Updates: At 16:30 Bank Nifty was trading at 46863.75 (0.38%). Today Bank Nifty has been trading in the range of 46974.15 to 46566.8. Nifty futures are at 46930.0 (0.29%) & with an open interest change of -5.85% which indicates Price Increase is due to short sellers covering their positions & the rally might not sustain in near future.The NIFTY Realty at (1.02%), NIFTY Pharma at (0.74%) & NIFTY Healthcare at (0.56%) are currently the top performing sectors among the Sectoral Indices. While NIFTY IT at (-2.99%), NIFTY India Digital at (-2.99%), NIFTY50 Value 20 at (-0.95%) are currently the low performing sectors.  

 US stocks fall as investors brace for Fed decision

US stocks fell slightly on Wednesday as investors braced for the outcome of the Federal Reserve’s policy meeting.Fed policymakers will conclude their two-day meeting later in the day. At 9:49 a.m. ET, the Dow Jones Industrial Average was down 20.12 points, or 0.05 per cent, at 39,090.64, the S&P 500 was down 4.55 points, or 0.09 per cent, at 5,173.96, and the Nasdaq Composite was down 32.36 points, or 0.20 per cent, at 16,134.43. At the opening bell, the Dow Jones Industrial Average fell 38.71 points, or 0.10 per cent, to 39,072.05. The S&P 500 opened higher by 3.18 points, or 0.06 per cent, at 5,181.69, while the Nasdaq Composite gained 18.97 points, or 0.12 per cent, to 16,185.76. Shares of Tesla gained 0.3 per cent, Chipotle surged 6.2 per cent, and Intel rose 1.2 per cent, The Treasury yields were steady in the bond market. The  US dollar gained for a fifth straight session on Wednesday, rising 0.5 per cent. European stock markets mostly dropped ob Wednesday. Britain’s FTSE 100 edged down 0.2 per cent at 7,724.13 points. France’s CAC 40 fell 0.5 per cent at 8,156.48. Germany’s DAX rose 0.2 per cent at 18,021.17. Euro Stoxx 50 lost 0.1 per cent at 5,002.03.In Asian stock markets, China's Shanghai Composite gained 0.6 per cent at 3,079.69. Hong Kong’s Hang Seng Index added 0.1 per cent at 16,543.07. Brent crude futures for May were down 72 cents or 0.82 per cent at $86.66 a barrel by 1201 GMT. US West Texas Intermediate futures for April delivery, which expire on Wednesday, fell 84 cents or 1.01 per cent to $82.63. Gold prices drifted lower on Wednesday on the stronger US dollar. Spot gold dipped 0.2 per cent to $2,152.52 per ounce by 1335 GMT.  

Indian fintechs have opened our minds to the power of QR payments, says Visa CEO Ryan McInerney

Unified Payments Interface (UPI) present itself as an opportunity and not merely as a competition, card network major Visa Inc. CEO Ryan McInerney said, emphasising the potential for collaboration and growth within India's dynamic fintech landscape.In his first trip to India after assuming CEO’s role in November 2022, McInerney was blown away by the country's digital payment scene, especially by UPI, QR codes and soundboxes, hailing the country’s digital payments innovations as transformative forces. “What happened with UPI in India is nothing short of remarkable," remarked McInerney. "We see it (UPI) as an opportunity for Visa...to help build on the financial inclusion that has happened as a result of UPI, work with banks to create new credit products, and empower consumers financially helping them to grow up the credit ladder and build wealth,” he said during a fireside chat at News18 Rising Bharat Summit 2024.Ryan's optimism extended to the widespread adoption of QR payments in India, attributing inspiration to local fintech innovation. "Indian fintechs have opened up our mind to the power of QR payments," he stated. "We're looking at other markets where QR might be the form factor that users prefer...and that very much came from the inspiration of what we've seen happen here in India." In FY23, Visa network enabled $15 trillion in payments volumes and 276 billion transactions operating across 200 countries. India is among the  key strategic market for Visa. Outside of their home base in US, India is the second largest employee base for the card network giant.  

Ruchit Jain of 5paisa recommends buying Tata Steel and Pidilite Industries for tomorrow

Domestic benchmark equity indices, the Sensex and the Nifty 50, ended Monday's trading session on a positive note with modest gains led by metal stocks on the back drop of robust China data, news about Tata Steel block deals, and copper prices that were at a record high globally.The 30-share BSE Sensex ended higher by 104.99 points or 0.14% at 72,748.42 level while the Nifty 50 closed at 22,055.70 level, up 32.35 points or 0.15%. However, the stress test rule for mutual fund schemes for small and midcap stocks by the Securities and Exchange Board of India (SEBI) kept broader markets under pressure. The Nifty Midcap 100 closed 0.39% down while the Nifty SmallCap 100 closed 0.57% lower. Investors are currently awaiting Japan's central banks' and the US Federal Reserve's policy decisions going forward tomorrow.  This week's market direction will be determined by the US Federal Reserve, Bank of Japan, and Bank of England, among other global central banks, according to Vinod Nair, Head of Research at Geojit Financial Services. Short-term sentiment  should be mixed due to the US Federal Reserve's indication that a rate cut is likely to occur in the second half of 2024.Nifty 50 continued to consolidate within a narrow range in Monday’s sessions and ended the day above 22,050 with marginal gains, said Ruchit Jain, Lead Research Analyst at 5paisa. Post the sharp sell-off on last week’s Wednesday, Nifty has traded within a narrow range in the last three sessions. The index has given a breakdown from a Rising Wedge pattern during the sell-off, but the important 40 DEMA support is still intact, and the index has been hovering around this support since last three sessions. In the options segment, open interest addition was seen in 22,200 can 22,300 call options, while 22,000 put has decent open interest outstanding. Thus, the data as well as the chart structure indicate a near-term consolidation where 21,900 would be seen as an important support while 22,200 as the hurdle. Only a breakout beyond this range will lead to a near-term directional move. Traders should thus keep a close watch on the range and trade in the direction of the breakout once seen, advised Jain.  

HDFC Bank, Tata, SBI, and others: Personal loans with lowest interest rates

Personal loans offer a versatile financial solution that can cater to your needs, from consolidating high-interest debt to financing home improvements or even covering unexpected expenses. With generally lower interest rates compared to credit cards, they present an attractive option for many. PaisaBazaar has compiled a list of the most popular personal loan plans in India for 2024: For HDFC Bank, the interest rate starts from 10.50% per annum. For a loan amount of Rs 5 lakh over a tenure of 5 years, the EMI starts from Rs 10,747, and for Rs 1 lakh, it starts from Rs 2,149. The processing fee can go up to Rs 4,999. Tata Capital's interest rates begin at 10.99% per annum. The EMI for a Rs 5 lakh loan for 5 years starts from Rs 10,869, and for Rs 1 lakh, it starts from Rs 2,174. The processing fee can reach up to 5.5% of the loan amount. State Bank of India offers interest rates ranging from 11.15% to 15.30% per annum. The EMI for a Rs 5 lakh loan ranges from Rs 10,909 to Rs 11,974, and for Rs 1 lakh, it ranges from Rs 2,182 to Rs 2,395. The processing fee varies between 1.5%, with a minimum of Rs 1,000 and a maximum of Rs 15,000. ICICI Bank's interest rates start from 10.65% per annum. For a loan amount of Rs 5 lakh over 5 years, the EMI starts from Rs 10,784, and for Rs 1 lakh, it starts from Rs 2,157. The processing fee can go up to 2.50% of the loan amount. Bank of Baroda's interest rates vary between 11.05% and 18.75% per annum. The EMI for a Rs 5 lakh loan ranges from Rs 10,884 to Rs 12,902, and for Rs 1 lakh, from Rs 2,177 to Rs 2,580. The processing fee goes up to 2%, with a minimum of Rs 1,000 and a maximum of Rs 10,000.  

SpiceJet finalises lease agreement for 10 aircraft to boost capacity

Budget carrier SpiceJet on Thursday said it is planning to lease 10 aircraft to expand its fleet ahead of the busy summer season. In aviation, the summer schedule begins on the last Sunday in March and ends on the last Sunday in October.As on February 27, SpiceJet had a total of 33 operational aircraft and 22 grounded planes in its fleet, according to aviation analytics firm Cirium. The carrier is currently operating about 1,362 flights per week, which is 16 per cent fewer services than a year ago, Cirium's data stated. SpiceJet has been facing a cash crunch for the past several quarters. It is also dealing with multiple court cases regarding money owed to former owner Kalanithi Maran, financial services firm Credit Suisse, aircraft lessors, and engine lessors. On January 11, the beleaguered airline’s shareholders gave their approval to raise a total of Rs 2,241.5 crore through the issuance of equity and warrants -- Rs 1,591.5 crore by issuing equity to 58 entities and Rs 650 crore by issuing warrants on a preferential basis to five other entities. Aviation consultancy firm CAPA India had in December stated that SpiceJet's resurgence, once the new funding is in place, has the potential to disrupt the Indian aviation market in 2024 as the airline will bring its grounded aircraft back to service and lease as many planes as possible to be competitively relevant.On January 26, the first tranche of Rs 744 crore was infused in the airline. SpiceJet had on February 22 raised a second tranche of Rs 316 crore under the preferential issue of equity and warrants. SpiceJet’s Chief Operating Officer (COO) Arun Kashyap and Chief Commercial Officer (CCO) Shilpa Bhatia recently resigned from the airline. The carrier is cutting its workforce by about 15 per cent to reduce its costs.  

Meta sees big opportunity in gaming industry: MD Sandhya Devanathan

While gaming is among the top three verticals for the company globally, in India, social media, Reels, and influencers are leading drivers for gamers to discover and purchase new games, as found in a study by GWI commissioned by Meta.Sandhya Devanathan, Meta’s India managing director, believes that the gaming industry in India will be an important contributor for the country to reach its aim to be an $8 trillion economy. “Gaming will be a big part of the digital economy. While we aim to be an $8 trillion economy, a trillion dollars of that is going to come from the digital economy. We will be looking at about 641 million gamers projected, which is a big chunk of our population,” said Devanathan. She was speaking at Meta’s inaugural gaming summit in Mumbai. Devanathan also added that the gaming ecosystem, along with its brands, will be worth around $7.5 billion. The industry can create around 250,000 jobs by 2025. “These are pretty massive stats. If we continue to see the kind of growth in the economy — branching out to gaming — we can potentially even look at gaming being export-oriented for us,” she said. With a booming gaming ecosystem in India, Devanathan said that Meta wants to support and be a part of this ecosystem. “There is a lot of conversation on where our investments go? Almost 81 per cent of our investments are focused on enabling people, creators, and businesses on our platforms,” she added. According to a study by GWI, an audience research company, 90 per cent of gamers who discover new games on social media do so through Meta, with Reels playing a leading role in discovery. Arun Srinivas, director and head (India), ads business, Meta, told Business Standard that India is home to the second most downloads of games. “India sees over 15 billion downloads of games, which is second to China and also the fastest-growing market in terms of users. Looking at the way the economy is growing, we see hundreds of millions of potential gamers coming into the ecosystem. We have been a leading platform of discovery in both the casual and real-money gaming segments,” he said.  

Lok Sabha elections 2024: Congress releases second list of 43 candidates

The Congress on Tuesday announced its second list of 43 candidates for the Lok Sabha polls, fielding Kamal Nath's son Nakul Nath once again from Madhya Pradesh's Chhindwara and Ashok Gehlot's son Vaibhav from Rajasthan's Jalore.The party's deputy leader in the Lok Sabha Gaurav Gogoi has been fielded from Assam's Jorhat and Pradyut Bordoloi from Nagaon.Rahul Kaswan, who switched over from the BJP a few days ago, has been fielded from Churu in Rajasthan. The second list came a day after the Congress' central election committee, chaired by party chief Mallikarjun Kharge, met at the party headquarters here to finalise the candidates.In the meeting, discussions were held for more than 60 seats in the states of Gujarat, Rajasthan, Uttarakhand, Madhya Pradesh and Assam and the Union Territory of Daman and Diu. The seats announced on Tuesday include 13 from Assam, 10 from Madhya Pradesh, 10 from Rajasthan, seven from Gujarat and three from Uttarakhand, besides one from Daman and Diu, AICC general secretary K C Venugopal said at a press conference. Congress leaders Ajay Maken and Pawan Khera were also at the briefing.  

Wheat inventories hit 7-year low at 9.7 MT after record state sale

Indian wheat inventories held in government warehouses dropped to 9.7 million metric tons, the lowest since 2017, after two straight years of low crops prompted the state to sell record volumes to boost domestic supplies and lower local prices.Wheat reserves in state stores totalled 9.7 million tons at the start of this month, down from 11.7 million tons in March 2022, the state-run Food Corporation of India said. Despite the tight supply, the government has resisted calls to encourage imports by cutting or removing the current 40% tax, or by directly buying from top suppliers such as Russia.   Instead, it has dipped into state reserves to sell wheat to bulk consumers, such as flour millers and biscuit-makers, to try to curb domestic prices that have been above the state-fixed minimum buying price since the last crop was harvested.   In June 2023, the government began selling wheat to private players, and by the end of last month, had sold more than 9 million tons, setting a record high, said a senior government official, who declined to be named.In 2020, India started offering free wheat to millions of Indians to stave off food shortages during pandemic lockdowns.   But lower wheat output in 2022 and 2023 meant inventories at state warehouses recovered more slowly than expected.   In 2022, India banned wheat exports after a surge in temperatures lowered output, even as export demand rose as the Russia-Ukraine conflict led to a global shortfall.   The ban failed to stop prices from rising, and trade and industry officials said last year's crop was lower than the government's estimates of a record 110.6 million tons.   In another sign of lower output, the government bought 26.2 million tons of wheat from local farmers last year, compared with its target of 34.15 million tons.To replenish stocks, the government can increase procurement from farmers or allow imports, said a New-Delhi based trader.   The trader, who declined to be named because he was not authorised to speak publicly, noted some states had already offered bonuses for wheat purchases. ALSO READ: Heavy rain, hail lower India's chance to reap rec