BSE on Tuesday announced the postponement of the removal of Jio Financial Services Ltd from all S&P BSE Indices from August 24 to August 29 after the stock hit the lower circuit for two days in a row.

In a circular, BSE said, "Asia Index Private Limited recently announced via Notice No: 20230818-21 that effective before the open of trading on Thursday, August 24, 2023, Jio Financial Services Ltd will be removed from all the S&P BSE Indices following its listing on Monday, August 21, 2023, due to its spin-off from its parent, Reliance Industries."

A recent research published under the Indian Council of Medical Research (ICMR) found that 6.5 per cent of patients who experience post-coronavirus conditions died within a year of their hospital discharge, according to a report by the Indian Express.

The study examined data from 14,419 patients across 31 hospitals, tracking their health over a year through phone follow-ups. These patients had been hospitalised with moderate to severe Covid-19 infection.

Honda Cars India on Tuesday said it plans to increase vehicle prices from next month in order to partially offset the impact of rising input costs.

The automaker currently sells two models -- City and Amaze in the domestic market.

Prime Minister Narendra Modi on Tuesday said that the BRICS summit will provide a useful opportunity for its members to identify future areas of cooperation and review institutional development.

In his departure statement ahead of visiting South Africa to attend the 15th BRICS summit, he said BRICS has been pursuing a strong cooperation agenda across various sectors.

Kerala Chief Minister Pinarayi Vijayan on Monday said that Kerala is at the forefront of the initiatives to promote the knowledge sector which, he said, is one of the fundamental things that is necessary for the development of a nation.

The Chief Minister was addressing a gathering after distributing the second Nava Kerala Post-Doctoral Fellowship of the Kerala State Higher Education Council.

Shares of Adani Enterprises hit a three-month high at Rs 2,720.65, as they gained 3 per cent on the BSE in Tuesday’s intra-day trade after founder firm Kempas Trade and Investment bought 25.3 million shares or 2.22 per cent stake in the company from the open market between Aug 7 to Aug 18.

The stock of Gautam Adani Group’s flagship company was trading at its highest level since May 24, 2023. In was quoting higher for the fourth straight trading day, and has rallied 11 per cent during the period. In comparison, the S&P BSE Sensex was up 0.14 per cent at 65,308 at 09:30 AM.

The Israeli-Palestinian conflict has killed over 200 Palestinians and nearly 30 Israelis so far this year already surpassing last year's annual figures and the highest number since 2005, the UN Mideast envoy said Monday.

Tor Wennesland told the UN Security Council that the upswing in violence is being fueled by growing despair about the future, with the Palestinians still seeking an independent state.

Global semiconductor manufacturing equipment maker Lam Research has applied for incentives under the government's Scheme for Promotion of Manufacturing of Electronic components and Semiconductor (SPECS) for local production, according to an official note released by the Ministry of Electronics and Information Technology (MeitY).

Lam Research India Private Limited has proposed an investment of Rs 208 crore, while the government will provide incentives worth Rs 32.21 crore.

Shares of textiles companies rallied up to 6 per cent on the BSE in Monday’s intra-day trade on expectations of improvement in business outlook. Gokaldas Exports, Indo Count Industries, KPR Mill and Himatsingka Seide were up in the range of 3 per cent to 6 per cent, hitting their respective 52-week highs. In comparison, the S&P BSE Sensex was up 0.21 per cent at 65,087 at 10:32 AM.

India’s home textile export market in FY23 was marred by various challenges such as significantly higher domestic cotton prices and excess inventory build-up with the US retailers.

Three Indian family investment offices have reportedly acquired stakes in SoftBank-backed e-commerce firm FirstCry for about Rs 435 crore. These investors are Ranjan Pai's MEMG Family Office, Harsh Mariwala's Sharrp Ventures, and Hemendra Kothari's DSP Family Office, according to an Economic Times report. These investors have bought these stakes from SoftBank, as the Japanese firm is looking to reduce its stake in the e-commerce firm. According to the report, the investment firm, which held a 29 per cent stake in FirstCry, has reduced its stake by about 1.5 to 2 per cent.

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