The Reserve Bank of India is set to launch the Pilot Project for Public Tech Platform for Frictionless Credit starting today (August 17). With a focus on Kisan Credit Card loans, MSME loans, the RBI stated, “The platform is intended to be rolled out as a pilot project in a calibrated fashion, both in terms of access to information providers and use cases. It will bring about efficiency in the lending process in terms of reduction of costs, quicker disbursement, and scalability,” RBI said in a release.”
South Indian Bank, Relaxo Footwears Ltd, Jammu & Kashmir Bank, Action Construction Equipment Ltd, Bharat Electronics Ltd, Benares Hotels Ltd, Heranba Industries Ltd, IG Petrochemicals Ltd, Industrial & Prudential Investments Co. Ltd, India Pesticides Ltd, IL&FS Investment Managers Ltd, J.B. Chemicals & Pharmaceuticals Ltd, Vedant Fashions Ltd, The Yamuna Syndicate Ltd, Neelamalai Agro Industries Ltd, Shilchar Technologies Ltd and V-Guard Industries Ltd among stocks that will turn ex-dividend today (August 17)
“Technically, the bullish candle on daily charts and higher bottom formation on intraday charts are indicating further uptrend from the current levels. For the trend following traders, 19,400 would be the key level to watch out for and above the same, the market could move up till 19,550-19,575. On the flip side, a fresh sell off could be seen after the dismissal of 19,400. Below which, the index could retest the level of 19,350-19,300,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities
"The Bank Nifty index recently found support at a crucial level, the 100-day moving average (DMA), positioned at 43,600.The index's potential to experience a pullback rally is contingent on maintaining this level above the 100DMA on a closing basis. The immediate obstacle for the index is situated around 44,000. An upward breach beyond this level could validate a move towards 44,300 or 44,500 levels,” said Kunal Shah, Senior Technical & Derivative analyst at LKP Securities
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Chandrayaan-3 is on course to complete the Moon Mission. The Vikram lander is set to separate from the Propulsion Module today (August 17). “It’s time for preparations as the Propulsion Module and the Lander Module gear up for their separate journeys,” ISRO earlier wrote on X (Twitter)
President Droupadi Murmu will launch the stealth frigate 'Vindhyagiri' for the Indian Navy in Kolkata today (August 17). Vindhyagiri is the sixth ship of the Project 17A programme. "Project 17A ships have been designed in-house by the Indian Navy's Warship Design Bureau, the pioneer organisation for all warship design activities," the Navy said. Notably, 75 per cent of the orders for equipment and systems of Project 17A ships are from indigenous firms, including MSMEs
WHO Director-General Tedros Adhanom Ghebreyesus will inaugurate the World Health Organization and India’s Ministry of Ayush’s WHO Traditional Medicine Global Summit today (August 17). The summit will go on till August 18 in Gujarat’s Gandhinagar. PM Narendra Modi, while reacting to a video of Tedros being welcomed in Gujarat on Wednesday, wrote on X (Twitter), “My good friend Tulsi Bhai is clearly well prepared for Navratri! Welcome to India, @DrTedros.”
“Traders should adopt a sell-on-rally strategy. From a technical perspective, Comex gold is expected to trade in the range of $1,895 to $1,920. A break below the $1,895 level opens the way further down for the target of $1,880. The MCX Gold October contract is expected to move in the range of Rs. 58,450 to Rs. 59,080,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
“From a technical perspective, the WTI Crude has support at $78.80 and resistance at $82.0, while the MCX crude oil August contract has support at Rs. 6,620 and resistance at Rs. 6,880 for the day,” said Saumil Gandhi, Senior Analyst - Commodities, HDFC Securities
The second edition of Battlegrounds Mobile India Series, BGIS 2023 will be available to stream on JioCinema starting today. Krafton India has partnered with Reliance’s OTT platform for the popular e-gaming tournament. BGIS 2023 The Grind is scheduled between August 17 and 20 while Round 1 is set to stream from August 31. Battlegrounds Mobile India Series (BGIS) 2023 Grand Finals will stream from 1 pm to 6 pm from October 12–14
Public sector OMCs including BPCL, IOCL and HPCL revise their petrol price and diesel price daily in line with international benchmark prices and forex rates. Petrol and diesel prices remained stable today