Stock Radar: P&G Health stock gave a breakout from falling trendline on weekly charts; check target & stop loss
Procter & Gamble Health Ltd, part of the pharma industry, gave a breakout from a falling trendline resistance to hit fresh 52-week high on the weekly charts which has opened room for the stock to head higher.Short-term traders can look to buy stock for a target of Rs 6,700 in the next 2-3 months, suggest experts.The pharma stock consolidated in a narrow range post November 2024. It found support above 5,000 levels which has also acted as a
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Economic Times
14 minutes ago
- Economic Times
RBI buyback sees strong demand with bids doubling notified amount
The Reserve Bank of India (RBI) received bids Rs 53,031 crore against the notified amount of Rs 26,000 crore at the second buyback auction of this fiscal year. At the auction held on Thursday, the central bank accepted 99% of the notified amount. ADVERTISEMENT At the first buyback held last week, the RBI received bids worth Rs 27,256 crore, of which the central bank accepted Rs 23,856 crore or 95% of the notified amount, data showed. Buybacks are a way for the government to pay off debt for next fiscal year to reduce its gross borrowing. It also results in RBI infusing durable liquidity into the system. The RBI bought back five government bonds maturing in 2026 at Thursday's auction. The 5.63% 2026 government bond saw the highest demand with bids received at Rs 26,616 crore. Of this, the central bank accepted Rs17,402 crore. 'The strong demand at the buyback auction indicates that banks may have taken this opportunity to lighten their HTM book, especially because there are no OMOs on the horizon,' said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank. 'In a buyback, banks get to sell short-term bonds and replace them with longer maturity papers and lock-in yields. Further buyback auctions will depend on how the government spending pans out and on evolving liquidity conditions.' ADVERTISEMENT Bonds maturing in FY27 are more than double versus this year at Rs 6.48 lakh crore and are consistently high until 2032. The government has also budgeted Rs 2.5 lakh crore for bond switches this year, 60% more than the previous a bond switch, the government replaces bonds maturing in the near term with long-term debt. The RBI, on behalf of the government, is scheduled to conduct an auction on Monday to switch government securities worth Rs 25,000 crore. It will conduct the auction to switch nine government bonds maturing between 2026 and 2029 for papers with maturity between 2032 and 2062. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
14 minutes ago
- Time of India
First-of-its-kind in Kerala: Rest centre unveiled for cancer patients' bystanders at Kottayam medical college
K ottayam: In its diamond jubilee year, Kottayam medical college has unveiled a rest centre for bystanders of cancer patients — a first-of-its-kind for govt hospitals in Kerala. The initiative was spearheaded and funded by the 1985 MBBS batch of the college. Inaugurating the centre, devaswom, port and cooperation minister VN Vasavan lauded the alumni for their contribution. "A restroom for bystanders of cancer patients, unique and first of its kind in the state, reflects the humane side of healthcare that considers not just the patients but also those who stand by them in their most vulnerable moments," the minister said. Medical college principal Dr Varghese Punnose presided over the event. Medical college superintendent Dr TK Jayakumar, Kottayam Institute of Child Health (ICH) superintendent Dr Jayaprakash KP, senior cardiologist Dr Jabir A, Dr Jose Tom, Dr Sam Christie Mammen, Dr Susan Uthup, Dr Suresh Kumar and Dr Tigy Thomas Jacob spoke at the event. Dr Jayaprakash and Dr Jabir are also senior office-bearers of Class 1985 Kottayam medical college society. The 1,000 square foot building, adjacent to the cancer ward, features separate, hygienic resting areas for men and women, complete with modern bathrooms, two-tier beds, a secure access control system, CCTV surveillance, and a well-equipped dining area. The project, proposed by Dr TK Jayakumar was accepted by the 1985 alumni batch and completed at a cost of Rs 35 lakhs, Dr Jabir said. The announcements from the ICU of the cancer ward will be made audible in the restrooms via speakers. The facility will be maintained by the staff and nurses of the cancer ward, alongside the hospital's housekeeping department, Dr Jayaprakash said. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
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First Post
15 minutes ago
- First Post
'We remain steadfast in...': Tata Group announces Rs 1 crore compensation for families of Air India flight crash victims
'Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support,' the statement said read more Rescue team members work as smoke rises at the site where an Air India plane crashed in Ahmedabad, India, on June 12, 2025. Reuters In the wake of the tragic crash of Air India Flight AI-171, the Tata Group on Thursday expressed deep sorrow and announced Rs 1 crore in compensation to the families of each person who lost their life in the crash. 'We are deeply anguished by the tragic event involving Air India Flight 171. No words can adequately express the grief we feel at this moment. Our thoughts and prayers are with the families who have lost their loved ones, and with those who have been injured,' N Chandrasekaran, Chairman, Tata Sons, said in a statement. STORY CONTINUES BELOW THIS AD We are deeply anguished by the tragic event involving Air India Flight 171. No words can adequately express the grief we feel at this moment. Our thoughts and prayers are with the families who have lost their loved ones, and with those who have been injured. Tata Group will… — Tata Group (@TataCompanies) June 12, 2025 'Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support,' the statement added. The statement also said that the group will provide support in the building up of the B J Medical's hostel. 'We remain steadfast in standing with the affected families and communities during this unimaginable time,' the statement concluded. Air India flight AI-171, a Boeing 787 Dreamliner en route to London, crashed near Sardar Vallabhbhai Patel International Airport shortly after takeoff on Thursday, killing all 242 people on board. The aircraft was seen losing altitude rapidly before crashing in a fireball, sending thick black smoke spiraling into the sky. According to officials, the flight was carrying 169 Indian nationals, 53 British citizens, seven Portuguese nationals, and one Canadian passenger. The 12-member crew was also among those killed. STORY CONTINUES BELOW THIS AD Aviation regulator DGCA confirmed that the aircraft's pilot issued a Mayday call to Ahmedabad Air Traffic Control shortly after takeoff. However, no further communication was received from the cockpit after the distress signal. The flight was commanded by Captain Sumeet Sabharwal, a Line Training Captain (LTC) with 8,200 flight hours, along with First Officer Clive Kundar, who had 1,100 hours of flying experience. In response to the disaster, the Aircraft Accident Investigation Bureau (AAIB) has launched a formal investigation. Senior officials, including the AAIB Director General and Director of Investigation, are en route to Ahmedabad to lead the probe into what caused one of the deadliest aviation accidents in recent Indian history. With inputs from agencies
