Maruti Suzuki, ICICI Bank, and Others to Trade Ex-Date for Dividends and Splits
Nearly 100 Indian stocks, including major names like Maruti Suzuki and ICICI Bank, are set to reach their ex-date between August 3 and August 7. This period will see significant corporate actions such as dividend payouts and stock splits. Maruti Suzuki has announced a dividend of Rs 140 per share, while Bosch will pay out Rs 270. Additionally, companies like Tembo Global Industries are proceeding with stock splits. Investors must own these shares before the ex-date to be eligible for these corporate benefits.
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PM Modi Launches Nasha Mukt Yuva Abhiyan to Promote Drug-Free India
Prime Minister Narendra Modi has officially launched the ‘Nasha Mukt Yuva Abhiyan,’ a nationwide initiative aimed at eradicating drug abuse among India's youth to achieve the 'Viksit Bharat' vision. This campaign initiates a 100-week 'Jan Bhagidari' (public participation) effort, featuring awareness activities organized every Sunday across the country. Modi emphasized that a healthy, drug-free younger generation is essential for the nation's future development and progress. The initiative seeks to mobilize various stakeholders, including educational institutions and local communities, to foster a collective movement against substance abuse and support the holistic growth of the nation's youth population.
Tamil Nadu to Withdraw Cases Against Anti-NEET Student Protesters
The Tamil Nadu state government has officially decided to withdraw legal cases previously registered against students who participated in demonstrations against the National Eligibility cum Entrance Test (NEET). This move aligns with similar executive actions taken by other Indian state governments to provide relief to student activists involved in educational policy protests. The decision reflects the state administration's ongoing stance against the centralized medical entrance exam. By clearing these records, the government aims to ensure that past participation in these specific public agitations does not hinder the future academic or professional prospects of the youth involved.
PM Modi Launches National Campaign to Combat Drug Addiction Among Youth
Prime Minister Narendra Modi has officially launched the 'Nasha Mukt Yuva' campaign, a strategic initiative aimed at eradicating drug addiction among India's younger generation. During the launch, the Prime Minister emphasized the devastating impact of narcotics on individual careers and family stability, framing drug abuse as a significant hurdle to national progress. The campaign seeks to raise widespread awareness and foster a social environment that discourages substance use. This initiative is part of a broader government effort to promote public health and ensure that the nation's youth demographic remains productive and healthy, reinforcing existing 'Nasha Mukt Bharat' (Drug-Free India) objectives through community engagement and education.
Investors Shift Strategy: Prioritizing AI Returns Over Spending in Earnings Season
The current earnings season shows a shift in investor sentiment regarding Artificial Intelligence. Investors are no longer buying into AI hype blindly; instead, they are favoring companies like Microsoft and Amazon that demonstrate tangible returns. Conversely, Meta and Alphabet have faced pressure due to massive spending and cash flow concerns. Interestingly, European markets are outperforming as the stock rally broadens beyond the technology sector into areas like financials, energy, and healthcare, showing a more balanced global growth.