BUSINESS
Markets in green, Zomato makes dream debut
"Indian equities indexes were trading moderately in the green in late morning transactions, alternating between positive and negative terrains. The Ministry of External Affairs stated that India has been in contact with other nations about the potential of importing vaccines to boost domestic manufacturing, which traders found encouraging," said Likhita Chepa of CapitalVia Global Research.
China's subdued demand, new Covid strain potential threats to global trade: EEPC India
"Exports to China, world's largest buyer of raw material, in value terms declined 33% to $501.9 million in June, 2021 from $747.1 million in the same month last year. On a cumulative basis also, exports to China fell 15.4 per cent in April-June period of FY22 to $1357.9 million from $1604.9 million in the corresponding period last financial year."
NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea
Refusing to stay implementation on Piramal's Resolution Plan after 63 Moons opposed it, the NCLAT did not pass an interim order on the approved resolution plan. In a statement today, 63 moons technologies said it will decide its future course of action after receiving a copy of the order passed by the NCLAT.
Tata, Boeing Hyd plant delivers 100th Apache chopper fuselage
"The achievement of 100th fuselage delivery for AH-64 within three years of the facility being operational reflects our strong ability to industrialize and ramp up complex aerospace programs and deliver with highest levels of quality," said Sukaran Singh, managing director and chief executive, Tata Advanced Systems Limited (TASL).
Zomato delivers stellar debut; Mcap reaches Rs 1L crore
Around 1 p.m., its shares on the BSE were trading at Rs 125.90, higher by Rs 10.90 or 9.48 per cent from the issue price of Rs 76 per share. On the BSE, it got listed at Rs 115 a share. Further, on the National Stock Exchange, its shares were trading at Rs 125.85, against the issue price of Rs 76. It got listed on the NSE at Rs 116 per share. Post the stellar debut, the market capitalisation of Zomato is around Rs 1 lakh crore.
Vodafone Idea shares dip as SC dismisses plea on correction of AGR calculation
At around 12.20 p.m., shares of Vodafone Idea on the BSE were trading at Rs 8.58, lower by 7.24 per cent from its previous close. A bench headed by Justice L. Nageswara Rao said all applications dismissed. On Monday, the apex court already said it would pass its order on applications filed by Vodafone Idea, Bharti Airtel and Tata Tele Services Ltd, alleging arithmetical errors in calculation of AGR dues payable by them.
Zomato flies on market debut, up 68% from issue price
Around 10.58 a.m., its shares on the BSE were trading at Rs 127.90, higher by Rs 51.90 or 68.29 per cent from the issue price of Rs 76 per share. On the BSE, it got listed at Rs 115.00 a share. Further, on the National Stock Exchange, its shares were trading at Rs 127.20, against the issue price of Rs 76. It got listed on the NSE at Rs 116 per share. Post the stellar debut, the market capitalisation of Zomato is around Rs 1 lakh crore.
Pause on fuel hike enters Day 6
The OMCs though have not reduced the retail price of petrol or diesel as more time would be required to study oil price movement before any downward revision. With no change in prices, petrol continues to be sold for Rs 101.84 per litre in the national capital, while diesel is also being sold at the unchanged rate of Rs 89.87 a litre. The pump price of fuel has been static since Sunday.
ECB leaves key interest rates unchanged
The ECB Governing Council "expects the key ECB interest rates to remain at their present or lower levels until it sees inflation reaching two percent well ahead of the end of its projection horizon and durably for the rest of the projection horizon", the central bank said in a statement released on Thursday. "This may also imply a transitory period in which inflation is moderately above target," it added.
'Nord Stream 2 pipeline to start operation despite US pressure'
Zakharova made the remarks on Thursday a day after the US and Germany agreed on measures to reduce the risk that the Nord Stream 2 would pose to European energy security and Ukraine, reports Xinhua news agency. "Despite the strange decisions that were made under US pressure, as was the case during the recent German-American negotiations, they are not able to change the objective reality, the construction of this large-scale facility," she said.
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