Новости за 10.07.2024

India and Taiwan have signed a mutual recognition agreement (MRA) to facilitate trade in organically-produced goods, including tea and medicinal plants. The agreement aims to reduce compliance costs by avoiding dual certifications and simplifying compliance requirements. It will allow the export of major Indian organic products, such as rice, processed food, green/black and herbal tea, and medicinal plant products to Taiwan.

In Wednesday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.

China's Ministry of Finance is intensifying checks on Big Four auditing firms like Deloitte, EY, PwC, KPMG for local companies. Focus on audits of financial firms and highly leveraged companies. Regulatory probe into intermediaries like auditors following China Evergrande scandal. Increased scrutiny to restore confidence in stock markets and assess financial sector vulnerabilities.

Prime Minister Modi's visit to Moscow, described as historic by Russia's Charge d’affaires Roman Babushkin, involved summit talks with President Putin. They aimed at expanding economic ties, implementing a bilateral payment system using national currencies, and discussing the return of Indians in the Russian Army, underscoring the visit’s significance amidst a turbulent geopolitical environment.

Five stocks, including M&M, MCX, Hindustan Copper, NMDC, and National Aluminium, saw a rise in fresh short positions as their prices dropped.

India plans to sell wheat from state reserves to bulk consumers like flour millers and biscuit makers to control local prices by boosting supplies. The government has allowed the Food Corporation of India to offer wheat at a lower price, aiming to attract private players and potentially import wheat after a six-year gap.

This article explores DeFi and Ethereum-based smart contracts introduced by Nick Szabo, streamlining lending platforms, DEXs like Uniswap, and tokenized assets. Key features include atomic settlements and composability. Despite efficiencies, risks like the Poly Network hack necessitate security audits. Future advancements involve self-custody, AI integration, and interoperability in structured products.

"There will be no change in the curriculum and textbooks for other classes for the academic year 2024-25, commencing from 1st April 2024," the board further stated. The board also mentioned that it will provide the annual curriculum for classes 9 to 12, containing academic content, a syllabus for examinations with learning outcomes, pedagogical practices, and assessment guidelines.

​​It has been seen that the decline in demand is not as strong as it used to be, maybe because the overall thrust on infrastructure is far higher or the fact that as the economy grows, the overall demand matrix is better for cement companies. Like the way other industries have gone through consolidation, cement is going through a wave of consolidation once again and there are enough examples from the past where mergers and acquisitions have preceded the next round of re-rating of the stocks.

​There is a lot of inventory, as you guys have rightly said, that there is inventory days of 62 to 67 days and earlier what we were seeing was that this inventory was piling up in smaller cars, discounts started coming in smaller cars, but now we are seeing that this is also coming up in SUVs too and inventory days have started to come up on a higher side in SUVs as well.

Bangladesh's top court temporarily suspended government job quotas after nationwide student protests against the discriminatory system that reserves over half of well-paid civil service posts for specific groups. Students demand a merit-based system and refuse to return to classrooms until the quota system is abolished. The Supreme Court suspended the reinstated quota system order for a month, urging students to go back to class.

Mahindra & Mahindra clarified that its recent XUV700 price cut is not linked to Uttar Pradesh's EV policy but is part of a business strategy to lower average prices, outlined in a February analyst meeting. Shares fell as much as 7% on Wednesday. The price cuts stem from material cost savings and strategic planning.

Security measures in Pakistan are being ramped up to protect Chinese workers amidst rising militant violence targeting Chinese-funded projects. Recent attacks have led to casualties and raised concerns about the security of investments. The situation has prompted discussions on balancing security priorities.

Global brokerage firm Nomura predicts significant growth disparities in the banking sector, favoring ICICI Bank, SBI, Kotak Mahindra Bank, and Federal Bank.

Bansal Wire Industries debuted with a 39% premium on its issue price, driven by robust investor demand. Post-listing, shares dipped slightly but traded 36% above the IPO price at Rs 349.5. Analysts highlight strong customer diversification and a diverse product portfolio, mitigating revenue risks across sectors.

The Relative Strength Index of the stock stood at 51.04 on Wednesday.

Tata 1mg’s net loss plummeted to Rs 313 crore from Rs 1,255 crore in the previous financial year. Over 80% of the company’s operating revenue came from pharmaceutical sales, with the remainder derived from laboratory test fees and other sources including advertising services.

By June 2024, Bengaluru's retail stock reaches 16 million sq. ft., second in India, with 67.6 million sq. ft. nationally. Expected to grow to 20-30 million sq. ft. by 2030, driven by malls, brand awareness, incomes, entertainment, and fashion. Karnataka's economic role noted by Anshuman Magazine. Bengaluru leads in Retail REIT malls. Ram Chandnani predicts regional success with the Beyond Bengaluru program, international brands, optimised space allocation, and personalised services.

So, in a sense the whole play is on India but focus is on wealth and we use all the other pieces to sort of support the wealth management and its growth.

Maharashtra Chief Minister Eknath Shinde sacked Rajesh Shah as Shiv Sena's deputy leader after his son, Mihir Shah, was involved in a fatal hit-and-run accident. Mihir allegedly ran over Kaveri Nakhwa, causing her death, and fled the scene. He was arrested on Tuesday. Rajesh Shah remains a Shiv Sena member.

CA Rudramurthy BV shares insights on the market, highlighting opportunities in IT, pharma, and FMCG sectors. He recommends caution with PSUs and emphasizes stock-specific investments. Bajaj Finance and Manappuram show potential for gains with tight stop losses. Rudramurthy says "we are in the mother-of-all-bull market and this market, both magnitude-wise and time-wise, will surprise on the upside and it is a buy-on-every-dip market."

The Supreme Court declined to overturn the anticipatory bail given to Bhavani Revanna, mother of accused MP Prajwal Revanna, in a kidnapping case related to her son's alleged crimes. Karnataka government challenges the bail decision as the investigation into sexual abuse cases continues.