Новости за 17.07.2024

Budget 2024: Naidu, a key ally in the BJP-led National Democratic Alliance (NDA) government, met Home Minister Amit Shah on Tuesday evening. He is slated to meet other Union ministers on Wednesday. At his meeting with Shah, Naidu raised the issue of his state's fiscal condition. Naidu apprised Shah that he will be releasing a white paper on this on Thursday -- his government's fourth since assuming power last month.

Wall Street rose as Dow hit high on U.S. retail data. Nvidia, Microsoft limited Nasdaq. Small caps, Russell 2000 gained. Dow transportation, value stocks surged. September rate cuts likely, said Greg Bassuk. UnitedHealth, Bank of America profits exceeded expectations. Mixed results for Morgan Stanley, Schwab. S&P 500 saw gains; trading volume was high.

Many renewable energy businesses, such as solar electricity generation companies, are trading at about four times price-to-book, which is high. Currently, the return on equity (ROE) for most solar electricity generation companies is not very high compared to their costs, indicating that much of the future growth is already priced in.

Pawak Parekh of Geojit Financial Services, says overall, one should consider remaining positive on the market, but look at every sector and every stock position has to be by bottoms-up approach, based on the merits and valuations of that company. The last thing one should consider investing in now is the rural theme.

Elon Musk's decision to throw his vast fortune behind Donald Trump's presidential candidacy confirms the rise of a growing right-wing bloc in the traditionally liberal Silicon Valley. Closing out Trump's fellow travelers in Silicon Valley are top executives from Palantir, a data analytics firm co-founded by Thiel that specializes in national security work.

Earlier in a filing, the company said the FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities, on terms and conditions mutually decided between the company and the 'proposed' investors.

Happy Wednesday! The central bank has cautioned fintech startups to adhere strictly to know-your-customer (KYC) guidelines. This and more in today’s ETtech Morning Dispatch.

"We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025," Nils Selte, president and CEO at Orkla, told investors. "There are a lot of things to do before we are good to go."

The new UK Labour government is pressuring Tata Steel to safeguard local jobs at its Port Talbot plant before approving a $635 million lifeline for a low-carbon facility. The transition to an electric arc furnace may result in job cuts and financial challenges for the company.

Indian banks are increasing deposit rates, with offerings ranging from 6.90% to 7.30% for various durations. This comes after the RBI's directive to narrow the gap between deposit and credit growth. Banks aim to attract more retail deposits by providing higher interest rates amidst expectations of a changing rate cycle.

IMF upgrades India's FY25 growth forecast to 7% and maintains the country's fastest-growing economy status. The outlook also highlights risks related to inflation, currency volatility, and trade tensions, emphasizing the importance of prudent policy decisions and multilateral cooperation.

Fintech startup Multipl raises $1.5 million in funding to enhance its platform and introduce new features. It last raised $3 million in May 2022 in a round led by Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities.

RBI directs fintech startups to adhere strictly to KYC guidelines. At one of the meetings last week, top executives of digital lending startups sought some relaxations around KYC requirements, but the RBI remained steadfast in its position.

About 40% of the company’s global BFSI customers of Automation Anywhere are serviced or managed out of India. Automation Anywhere’s products help in detection of fraud customer accounts.

Indian IT service firms are adapting to client demands for enhanced productivity and expanded scope of work, potentially impacting profit margins. IT companies are gifting productivity gains to clients during deals’ anniversaries

Baseball commissioner Rob Manfred has raised the excitement of baseball fans with the hint of a possibility of MLB's top-level stars taking part in the 2028 Los Angeles Olympics. Ahead of the 2024 Paris Olympics, this could be a sign that Team USA will be able to add some more laurels in their next Olympic journey.

A key intelligence input was overlooked by the US Secret Service. Though, there is no Iranian hand in Trump’s assassination attempt, the input did indicate that the country will seek to assassinate the former president. Iran has been labelled a ‘rogue nation’ by the US and may have the motive to kill Trump. The security lapses are being investigated.

With a Falcon 9 launch, SpaceX suffered a serious setback that cost them 20 Starlink satellites. Future launches have been put on hold while the corporation resolves the problems that led to the failure, and an investigation is currently underway.

Florida is introducing a groundbreaking project that allows electric vehicles to charge while driving. This innovative wireless charging system aims to enhance EV infrastructure and reduce emissions.

Is it now confirmed that Ben Affleck and Jennifer Lopez are heading toward a divorce and they are so desperate that they want to sell it even at a discount? Do they want to settle all financial issues before parting ways?