Jindal Worldwide Ltd leads losers in 'A' group
Redington Ltd, RattanIndia Power Ltd, Kirloskar Brothers Ltd and Narayana Hrudayalaya Ltd are among the other losers in the BSE's 'A' group today, 02 July 2025.
Jindal Worldwide Ltd crashed 6.62% to Rs 51.19 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.34 lakh shares were traded on the counter so far as against the average daily volumes of 2.28 lakh shares in the past one month.
Redington Ltd lost 5.40% to Rs 311.75. The stock was the second biggest loser in 'A' group.On the BSE, 1.57 lakh shares were traded on the counter so far as against the average daily volumes of 1.84 lakh shares in the past one month.
RattanIndia Power Ltd tumbled 5.31% to Rs 14.98. The stock was the third biggest loser in 'A' group.On the BSE, 231.09 lakh shares were traded on the counter so far as against the average daily volumes of 217.73 lakh shares in the past one month.
Kirloskar Brothers Ltd fell 4.62% to Rs 2215.05. The stock was the fourth biggest loser in 'A' group.On the BSE, 44208 shares were traded on the counter so far as against the average daily volumes of 49070 shares in the past one month.
Narayana Hrudayalaya Ltd corrected 4.60% to Rs 1997.7. The stock was the fifth biggest loser in 'A' group.On the BSE, 81505 shares were traded on the counter so far as against the average daily volumes of 37905 shares in the past one month.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
15 minutes ago
- Indian Express
Centre may ban all forms of real money games, penalise influencers promoting them
The Ministry of Electronics and IT (MeitY) has drafted a legislation which could place a blanket on all online gaming services – where users can play games after depositing money, in hopes of making more money – owing to growing concerns about alleged money laundering through these services, and their harmful societal impact, The Indian Express has learnt. The proposed law is believed to be titled 'The Promotion and Regulation of Online Gaming Bill, 2025' and is understood to have received the Cabinet's approval. Although, it is worth noting that the deliberations in the legislation are currently in the draft stage, and its proposals are open to changes. The Bill has been drafted over national security concerns related to online gaming platforms, including the use of digital wallets and cryptocurrencies for money laundering and illicit fund transfers, these platforms serving as potential messaging and communication grounds for terror organisations, and offshore entities circumventing Indian tax and legal obligations, among others. As per the current version of the draft law, the government will prohibit any person from offering online games in India, failing which they could be imprisoned for up to three years, and penalised Rs 1 crore. Those promoting such platforms, such as social media influencers, may also face jail time of two years, and a penalty of Rs 50 lakh. The government may also prohibit banks and financial institutions from facilitating financial transactions on such platforms. The IT Ministry did not respond to a request for comment. A change in approach The Bill, in its current version, is a sharp departure from just about two years ago, when in April 2023, the IT Ministry had introduced rules for online gaming, which were largely seen as pro-industry. However, those rules proved difficult to implement due to potential conflict of issues, as the rules envisioned creating a self regulatory structure, which could have been influenced by the industry. As such, they remained stuck in limbo, even as national security and socio-economic concerns due to such platforms gained traction. If the draft Bill is implemented in its current form, it will be a death blow to the online gaming industry in the country, which is projected to be a $9 billion market by 2029. The industry has also faced a 28 per cent Goods and Services Tax (GST), with proposals to increase the tax on these services to as high as 40 per cent, this paper had earlier reported. According to a report by FICCI and EY from March 2025, online gaming companies in India collectively earned a revenue of close to $2.7 billion in 2024. These companies typically make money by taking a cut from a user's winnings. As per the report, more than 155 million Indians engaged with real money gaming sub-segments such as fantasy sports, rummy, poker and other transaction-based games in 2024, marking a 10 per cent increase over 2023. On an average, around 110 million people played these games daily. The Bill is also understood to have envisioned the creation of a central authority to promote competitive e-sports in the country, while ensuring overall compliance with the law. The Centre will also recognise, categorise and register 'online social games' with the authority and facilitate the development and availability of online social games for recreational and educational purposes. Online social games may have an option to accept payment in the form of a subscription fee or access fee, as long as it is not in the form of a stake or wager.
Indian Express
15 minutes ago
- Indian Express
Will increase farm suicide and distress: Cotton growers protest removal of import duty on cotton
Cotton growers across the state have protested against the decision of the central government to lift the 11 per cent import duty on cotton till September. Farm leaders said that this move would accelerate farm suicide and farm distress. On Tuesday, the central government declared the removal of the 11 per cent import duty on cotton. This move has been welcomed by the Textile Trade, saying imports would help in reducing the stress on the industry due to higher prices of domestic produce. Laximkant Kauthakar, Vidarbha president of Shetkari Sanghatana said this move would result in distress for cotton growers in Marathwada and Vidarbha, 'Even before the present crop has hit the market, prices are below the government declared Minimum Support Price (MSP) of Rs 7,710/quintal (medium staple). Once the new crop comes in it would dip further. With imports now threatening to flood the market, we can't imagine how the prices would react,' he said. Kauthankar who himself is a cotton farmer from Akola, Maharashtra said this move might push more farmers to die by suicide. Atul Ganatra, president of the Cotton Association of India (CAI)- the apex body of cotton value change in the country- however said this move will not affect the domestic prices. 'The domestic produce would arrive post October so the imports would help the price stressed textile industry,' he said. Meanwhile, Manikrao Kadam, a farm leader from Marathwada area of Maharashtra said the government has buckled under pressure from the US government. 'All talks about protecting the farmer have been in vain,' he said. Similarly, Vijay Jawandhiya, a farm leader from Vidarbha went on to add that this move might help the textile industry but farmers would not be helped. 'There would be continuous decline in prices with strong government intervention necessary to help the farmers. Procurement under MSP has to be buckled up,' he said. Former MP Raju Shetti was also critical of the move. 'The government has buckled under US pressure,' he said.
Time of India
15 minutes ago
- Time of India
Kissht DRHP: Rs 1,000 crore fresh issue, Vertex and other investors to sell stake
Academy Empower your mind, elevate your skills OnEMI Technology Solutions, which runs fintech lending app Kissht, has filed its draft red herring prospectus (DRHP) with Sebi for a public listing . The company plans to raise Rs 1,000 crore through a fresh issue of shares, while around 8.8 million equity shares have been put up for sale by existing said Rs 750 crore from the proceeds will be infused into its in-house non-banking finance company , Si Creva. The rest will go towards general corporate purposes. Additionally, Kissht is looking to raise around Rs 200 crore via a pre-IPO placement, which, if successful, will reduce the overall size of the public to draft papers, the OFS ( offer for sale) comprises shares held by Vertex Ventures , Ventureast, Endiya Seed and Aion Advisory Services. As per Tracxn, Vertex holds 24% in Kissht, Ventureast 10%, and the Ministry of Finance, Economy of Brunei about 12.5%. The founders collectively own around 26%.Kissht is among the first digital lending startups to file its DRHP. Moneyview is also preparing to file, while ET reported on July 23 that KreditBee secured board approval to convert into a public limited company ahead of its own closed FY25 with operating revenue of Rs 1,337 crore, down 20% from Rs 1,674 crore in FY24. Profit slipped 19% to Rs 160 crore, compared with Rs 197 crore a year earlier. ET reported on July 22 that Kissht's business was hit by a slowdown in consumer lending .It disbursed Rs 9,857 crore in FY25, sharply lower than Rs 18,531 crore in FY24. The company also shifted away from short-tenure unsecured loans to longer-tenure products: about 95% of its book now comprises loans with tenure above six months, up from 65% a year in 2015 by former McKinsey executives Ranvir Singh and Krishnan Vishwanathan, Kissht started as a tech-led consumer lending business with a focus on checkout finance. It offers instant personal loans through its own balance sheet as well as partnerships with around 38 of March 2025, Kissht had a loan book of Rs 4,086 crore, of which about 60% was on its own books and the rest through partner lenders.
