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Markets are awaiting hints on the outlook for interest rates from policy makers when Federal Reserve officials and policy makers from the European Central Bank, the Bank of England and the Bank of Japan head to Jackson Hole, Wyoming, for their annual central bank conference later this week.

With a market share of 22% in July, TVS Motor is India’s second largest two-wheeler EV company after Ola Electric. The company has invested close to Rs 250 crore on the development of TVS X. It has guided for a capital expenditure of Rs 900-1,000 crore for the current fiscal year of which a bulk of investment would be in EV products. It sold nearly one lakh EV scooters in FY23 and 47,102 units in the first four months of the current fiscal year in India according to Vahan data.

The brokerage has rated a ‘sell’ on Tech Mahindra and Wipro, while a ‘neutral’ on HCL Technologies. Goldman said while India’s IT sector is trading at premium valuations compared to its last 10-year average and almost in line with the five-year average, higher valuations are warranted as growth in technology spending will continue

​​After trading hours on Wednesday in Mumbai, India made history becoming the first country to land on the South Pole of the lunar surface.

Till now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, often made in letterheads of their chartered accountants and lawyers. Later, if tax officials called their bluff, such plain submissions gave them the leeway to escape harsh consequences.

Reserve Bank of India Governor Shaktikanta Das stated that while core inflation in India remains elevated, the prices of vegetables could start to decrease next month as fresh crops arrive. This could potentially lead to a slowdown in vegetable inflation from September. Das also mentioned that the steady easing of core inflation indicates that the tight monetary policy is working. The Monetary Policy Committee has decided to hold rates and maintain its focus on withdrawing accommodation.

Mid-cap companies such as Kaynes Technologies, Astral, Sriram Finance, Star Health, Mold-Tek Packaging, Avalon Technologies, Bikaji Foods, and TCI Express are among the two dozen companies that have seen the highest number of management meetings with fund managers since August 1.

The German composite figure fell to its lowest since May 2020 as a deepening downturn in manufacturing output was accompanied by a renewed contraction in services activity. The euro weakened to $1.0802, its lowest level since mid-June, after the German data

Under the block deal, Hulst BV will offload 1.62 crore shares and the deal value is estimated around Rs 7,400 crore. Hulst BV is owned by private equity firm Baring PE

The vehicle attained an altitude of about 3 km above ground and successfully landed using a parachute mechanism