Karnataka's GSDP growth rate of 10.2% in FY 2023-24 outperformed the national average of 8.2%, amid challenges like drought and global IT slowdown. The government credited strategic governance and diversified growth drivers, despite opposition claims of stagnant growth.
Shares of holding companies, including GFL, Pilani Investment and Industries Corporation, and SIL Investments, up to surged 20% on Monday. This followed an NSE circular announcing a special call auction session on October 28 for price discovery of listed investment companies (ICs) and investment holding companies (IHCs).
Nifty's trend remains weak within a range-bound movement. After failing to maintain its recent upward bounce, the market may retest the lower levels of 24,600-24,500 in the near term, with immediate resistance around the 25,000 mark, according to Nagaraj Shetti of HDFC Securities.
At least 300 cases of political violence have been identified by Reuters since Trump's supporters stormed the US Capitol on Jan 6, 2021, including at least 51 incidents this year. With just two weeks to go before the Nov. 5 presidential election, the cases are part of the biggest and most sustained increase in U.S. political violence since the 1970s.
In the quarter ending September 2024, retail investors increased their holdings in 40 out of 59 PSU stocks compared to the previous quarter. Since early September, the Sensex has gained around 2.8%, while the BSE PSU index has declined by 2.35%, with most PSU stocks facing a correction.
One97 Communications, which runs Paytm, is set to see increased revenue growth in the second quarter of 2024. However, its losses are likely to widen to Rs 660 crore. Despite this, losses should decrease from the previous quarter due to growth in payment services to merchants and financial services.
