Announcing the formal takeover of the airport, the business giant said in a tweet that it was privileged to serve and welcome passengers to God's Own Country.
We are privileged to serve and welcome passengers to God's Own Country filled with lush greenery, beautiful beaches, and exquisite cuisine", the group said in the tweet, both in English and Malayalam, past midnight on Thursday. The group took over the operations of the airport despite protest by both ruling LDF and opposition UDF against handing it over to private players. Government is helping you industry players as a catalyst," minister of state for communications Devusinh Chauhan said.
The investors can earn an incentive for incremental sales up to 20 times the committed investment, enabling them to reach global scales and utilise their unused capacity and ramp up production. Without this, we would have been handicapped," Coral Telecom managing director Rajesh Tuli said. India's total domestic passenger vehicle sales fell Coal India has been a drag on the index given the supply crunch being faced by the power sector.
India's annual wholesale price-based inflation in September eased to Fuel and power prices rose However, wholesale prices of food rose at a slower pace of 1. Sensex has remained below the 61, mark, while Nifty has crossed 18, mark and has remained there for some time now powered by metals, IT and realty stocks.
Auto has been a drag in contrast to the sector's showing in the previous session. On Wednesday, spot gold rose about 1. The gains for gold were limited as the minutes of the US Federal Reserve policy meet hinted towards commencement of withdrawal of the economic support by next month. Gold might remain under pressure as the dollar continued to firm on expectation of a tighter monetary policy by the US central bank.
Oil prices eased after a solid rally since last week as increasing inflation worries reflecting the surge in Oil, natural gas and coal prices raised worries of slowdown in global growth and hampered sentiments.
Rising fuel demand given the recovery in economic activities amid tighter oil supply and increasing natural gas prices might keep prices elevated. Official US Crude inventory data will be due later in the day. Also, a weaker US dollar made the dollar-denominated industrial metals cheaper for other currency holders. Increasing power consumption norms in China and increasing electricity cost driven by power shortages in major economies took a hit on the smelting capacities.
However, investors should be cautious as the power issue might also impact industrial metals demand across borders. In the first nine months of , China's copper imports stood at 4.
Power crisis amid growing global demand might support industrial metal prices in today's session. Birlasoft Ltd, a global enterprise digital and IT services company, on Thursday announced it has been named a Top 15 Sourcing Standout by Information Services Group ISG , a leading global technology research and advisory firm, the company said in a regulatory filing.
This is the sixth consecutive time Birlasoft has been featured across named categories by ISG, the statement added. The ISG Index provides an independent quarterly review of the latest sourcing industry data and trends. We should now be headed to 18, as the next level for the Nifty. Sensex has hovered near the 61, mark, while Nifty is near the 18, mark.
Metal, IT and realty lead momentum. Specialty chemicals stocks not only have a very high future growth potential but have also performed very well in the past.
Let's take a look at five specialty chemical stocks that have rallied over percent in the last 1 year. However, stock market experts see more surges in the PSU bank stock. Japan dissolved its parliament on Thursday, setting the stage for an election at the end of the month that will pit new Prime Minister Fumio Kishida against unpopular opposition in a battle over who can better fix the pandemic-battered economy.
Kishida enjoys reasonable public support 11 days into the job, polls show, boding well for his goal of maintaining a lower house majority for his Liberal Democratic Party LDP and its Komeito party coalition partner. On expected lines, the Nifty resolved higher and achieved our target of 18, As a result, daily price action formed a bull candle with small lower shadow, indicating continuance of upward momentum as intraday dips were bought into.
In the process, Nifty scaled a fresh all-time high of 18, We believe the multi sector participation signifies broader market strength wherein we believe the rejuvenated traction in banking and metal sector would lead the rally towards 18, as it is confluence of:. Based on rhythm of past 15 months, we expect current rally to extend towards 18, Wipro traded on new week high value Shares of Wipro Ltd surged as much as 7.
Wipro's second-quarter IT service revenue growth was ahead of the top-end of the guided range, analysts at IDBI Capital wrote in a note. The company, under the new CEO, is on the verge of a turnaround," the note said. Sensex was in the green at pre-open. India offers a spectrum of opportunities to investors and business firms, Finance Minister Nirmala Sitharaman told executives of top American companies, as she met and apprised them of various flagship programmes of the Indian government under the Atma Nirbhar Bharat.
HDFC Bank. Federal Bank. RBL Bank. Axis Bank. Nifty 18, Zomato Ltd. Market Watch. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Walt Disney CEO Bob Chapek said the entertainment conglomerate is preparing to make the technological leap into a virtual reality world first imagined by science fiction writers.
Read here. Sony Group Corp. The company has cut down the number of PS5 units assembled for the fiscal year to about 15 million, from its previous target of 16 million units, the report added, citing people familiar with its operations. The development comes amid a global shortage of semiconductors which is impacting companies including Sony. Sony did not immediately respond to Reuters request for comment. In October, the conglomerate—spanning areas such as entertainment, sensors and financial services—said it was on track to sell Gaming firms' earnings were hit last year by stay-at-home demand during the depths of the covid pandemic.
Since then, sliding PlayStation user numbers have stabilized, Sony's finance chief Hiroki Totoki said, as the company approaches the year-end shopping season. The management has given an upbeat outlook over growth and asset quality for the rest of the financial year.
Systematic investment plans SIPs have continued to rise in popularity. The number of SIP accounts also went up to 4. Indian stock markets may remain under pressure on Thursday while trends in SGX Nifty suggest a weak opening of Indian benchmark indices. Non-payment of coal dues by gencos on account of payment delays by discoms also have a knock-on effect, limiting supplies, depleting fuel stocks at power plants and prompting concern over power shortage.
The Reserve Bank of India RBI is keeping a close watch on core and fuel inflation, which have remained elevated even as food prices moderate, governor Shaktikanta Das said on Wednesday. Inflation measured by the consumer price index CPI eased to 4. Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs, may prompt the government to release more strategic crude stockpiles to drive down prices.
On Wednesday, Brent crude futures fell by 2. Brent crude futures gained 18 cents, or 0. Inflation fears pressured Asian stocks and buoyed the dollar on Thursday after data overnight showed US consumer prices surged at the fastest pace since last month, boosting the case for faster Federal Reserve policy tightening. Nominal US Treasury yields shot higher, with that on the benchmark year note leaping by the most since February, while real yields, which take inflation into account, dipped to record lows.
Gold jumped to a five-month high and bitcoin hit a record as investors sought inflation hedges. Oil pulled back sharply from near seven-year highs after US President Joe Biden said his administration was looking for ways to reduce energy costs. Chinese blue chips slipped 0.
Japan's Nikkei bucked the trend by rising 0. That marked the first back-to-back declines in a month, after the index closed at a record peak to start the week. The dollar index, which gauges the currency against six major peers including the yen and euro, hovered just below the high reached on Wednesday of The greenback added 0.
The US consumer price index surged 6. Inflationary pressures are also brewing in the labor market, with other data on Wednesday showing the number of Americans filing claims for unemployment benefits fell to a month low. Never miss a story! Stay connected and informed with Mint. Download our App Now!! It'll just take a moment. Looks like you have exceeded the limit to bookmark the image.
Remove some to bookmark this image. You are now subscribed to our newsletters. View Full Image. Realty is down 2. Bets over increasing demand amid a tight supply market is expected to keep oil prices elevated. Base metals Industrial metals on MCX remained under pressure in line with the international markets as escalating concerns over the ongoing property crisis in China undermined the demand prospects for the base metals complex.
However, dismal demand from China remains a major setback for the industrial metals complex. The Nasdaq fell 1. Such policy measures by the central government are seen as positives that may help equities. The monetisation pipeline could garner Rs 6 lakh crore between this fiscal year and March GST collections have remained robust, breaching Rs 1 lakh crore mark every month.
With strong government finances the money is expected to make its way to capex and infrastructure plans with a ripple effect on the economy, ICICI Direct said. Further, it is expected that crore vaccine doses will be administered by the end of this year. In the post-pandemic world, the higher vaccination rate should help faster economic recovery and thus help the stock market march higher. Resurging Real Estate : The Real estate space has seen a pullback recently with record registrations in cities like Mumbai for September with residential housing prices starting to move northwards in some states.
The rebound of the real estate sector after a long lull is seen as a positive for stock markets. Start-up street to Dalal Street: After the stellar listing of Zomato, other Indian start-ups are also charting their path towards Dalal Street.
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