Adani Enterprises stock still 30% away from recovering Hindenburg loss; how far are other Adani group stocks?
Adani group stocks have been rising for the last few sessions after falling more than 50% this year, with Adani Ports becoming the first firm to recover all losses triggered by the Hindenburg Research’s report. However, the Gautam Adani-group flagship Adani Enterprises is nearly 30% below its January 24 price, the day when the bombshell report was published. While the recent surge has helped Adani stocks trim some losses, some of the stocks still have to recover as much as 80% from January prices.
LIC share price surges nearly 4% today after 5-fold jump in Q4 net profit; stock still down 35% from IPO
Life Insurance Corporation of India (LIC) share price jumped 3.72% to Rs 615.65 today after the insurance behemoth reported a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. LIC IPO was the largest ever public issue in India with an issue size of Rs 21,000 crore. Investors had high hopes from IPO, but LIC stock’s downfall started with its debut. LIC stock listed with an 8% discount at Rs 865 on May 17, 2022. Over one year has passed since then and the stock is still down 35% from the IPO price of Rs 949 per share.
PM Modi flags off Dehradun-Delhi Vande Bharat Express; know inaugural run, stoppages and other details
Uttarakhand’s first?Vande Bharat Express?has commenced its maiden run today. The train is running between Dehradun and Delhi (Anand Vihar Terminal). The new semi-high speed train has been flagged off by Prime Minister?Narendra Modi?via video conferencing from New Delhi.
Parliament building row: President or PM – who should do the honours?
Even as Prime Minister Narendra Modi is set to inaugurate the?new Parliament building?on May 28, the date marking the birth anniversary of Hindu Rashtra proponent V.D. Savarkar, on Thursday, a Public Interest Litigation has been filed before the Supreme Court seeking its directions that the inauguration be done at the hands of the President of India.
On Wednesday, as many as 19 Opposition parties announced that they will be boycotting the inauguration ceremony
Wipro’s Rishad Premji takes 50% voluntary compensation cut this year; Here’s how much
Wipro Chairman Rishad Premji has taken a 50 per cent voluntary cut in his salary for the fiscal year 2023. He will receive a total annual compensation of $951,353 as against $1,819,022 in the last fiscal year, according to its filing on the Securities and Exchange Commission in the US.
Rishad Premji’s?salary included $861,620 in salary and allowances, $15,390 in other incomes, and $74,343 in long-term compensation benefits. He is also entitled to a commission at the rate of 0.35 per cent on incremental consolidated net profits of Wipro Limited over the previous fiscal year. “However, in light of the fact that the incremental consolidated net profits for fiscal year 2023 was negative, the company determined that no commission was payable for fiscal year 2023 to Rishad A. Premji,” the company said in the filing. His?salary?also includes a cash bonus which is a part of his fixed salary. In the fiscal year 2023, there were no stock options granted to Rishad Premji, it said.?
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Exit tax norms: Relief for charitable trusts
In a significant relief to charitable and religious trusts, the Central Board of Direct Taxes (CBDT) said on Wednesday that they can now apply for registration and approval to avail income tax exemption until September 30 this year.
The Finance Act, 2023 had amended the Income?Tax?Act to provide that the accreted income of the trusts that had not applied for registration or approval, within the specified time, would be liable to tax. The amendment came into effect from April 1 this year and applies to assessment year 2023-24 and subsequent ones.
Read More: https://www.financialexpress.com/money/exit-tax-norms-relief-for-charitable-trusts/3100872/
This drug works better than caffeine in keeping daytime sleepiness at bay; Here are the details
We are all familiar with sluggish feelings and lethargy, especially in the afternoon. However, for those who suffer from?obstructive sleep apnea (OSA), this weariness is much more severe.
Now, a team of researchers has identified a drug that can ease the suffering of the affected people. Excessive daytime sleepiness (EDS) is the tendency to fall asleep during normal waking hours. The condition worsens among people with OSA as it hampers their daily activities.
‘Tis a beautiful game! 4 times IPL teams played on front foot for meaningful causes
The Indian Premier League (IPL) playoffs have ignited with an exhilarating clash between the Gujarat Titans and the Chennai Super Kings in Qualifier 1. As the day unfolded, a captivating twist captured the attention of social media users and fans worldwide. For every dot ball played, the stadium screens transformed the simple dot into a vibrant tree emoji, arousing curiosity and intrigue. During the match, the commentators elucidated the purpose behind this arboreal display.
Google Bard gets image results support, concise summarisation and more: Every major update AI chatbot received this month
Bard- Google’s AI chatbot and closest competitor to OpenAI’s ChatGPT, has received a new update that allows it to give image results. This means that Bard can now image results to support visual information.
“Starting with English responses, Bard can now bring in images from Google Search, so you can get helpful responses with visuals. You can also ask Bard for images directly. Bard will show a source for each image,” Google wrote in the Bard updates page adding that image can help user communicate their ideas more effectively. They can bring concepts to life, make recommendations more persuasive, and enhance responses when you ask for visual information.
Hyundai Exter vs Tata Punch: Expected price, specs, features comparison
Hyundai Motor India is gearing up for the launch of the all-new Exter micro SUV. The Hyundai Exter will be the smallest sport utility vehicle in the company’s line-up. Pre-bookings for the same are open and its prices will be announced on July 10, 2023. Here’s how the new Hyundai Exter will fare against its arch-rival – Tata Punch.
Sales Associate at Microsoft
1 年Great opportunity
Sales Associate at Microsoft
1 年Thanks for posting