Nvidia's dominance in AI chip sales, with a 90% market share, has led to inquiries from the EU, Britain, China, and the U.S. Justice Department. The company is now focusing on building its Washington presence and legal defenses to address antitrust concerns, while managing high demand for its GPUs and new acquisitions.
SoftBank Group revealed plans to repurchase $3.4 billion in shares, responding to investor calls to improve stock value. This move follows a narrower quarterly loss and aims to strengthen finances after challenges like the WeWork debacle. The repurchase will be up to 6.8% of its shares over the next year.
A total of 3,924 shares changed hands on the counter till 12:48PM (IST)
By April 1, 2025, companies with multi-state branches must register as Input Service Distributors (ISD) under GST law to distribute input tax credit (ITC) among branches. This mandate, introduced in the Finance Bill 2024, aims to enhance operational transparency. Businesses must adapt to ensure effective ITC management and compliance readiness.
Plotch's client roster includes Snapdeal, Ola, Meesho, and Bluestar and it has witnessed a 1000 times increase in transaction volume over the last two years. It is projected that while food, grocery, and fashion currently dominate the retail orders on ONDC, other categories like home and electronics are expected to see significant growth in the coming months.
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 21.85 per cent and 6.74 per cent, respectively.
Indian wrestler Vinesh Phogat was disqualified from the 50 kg women's wrestling event after weighing in above the 50 kg limit, causing her to miss her scheduled match against the United States's Sarah Ann Hildebrandt for the Gold Medal.
Indian markets are correcting in line with the global markets. How long this phase will continue is an open ended question because when will the US Fed act is something which is still not clear at this point. If one looks at the Indian market, just before this global issue came up they have been doing well, both in terms of the performance at the level of Nifty and broader market breadth which has not been that bad as it used to be in March when it was Indian specific correction. The way things are panning out even in this correction... Читать дальше...
On the technical charts, the RSI of the stock stood at 64.11.
A total of 4,511 shares changed hands on the counter till 12:32PM (IST).
Shiv Sena (UBT) chief Uddhav Thackeray declared that recent events in Bangladesh demonstrate the power of the people and warned leaders not to test their patience. He challenged Prime Minister Modi and Home Minister Shah to protect Hindus facing persecution in Bangladesh, referencing similar protests in Israel and Sri Lanka. Thackeray is currently in New Delhi to strategise with INDIA bloc leaders for upcoming assembly elections in Maharashtra, Haryana, and Jharkhand.
India is set to end the Sri Lanka tour with Charith Asalanka & Co in the final One Day International (ODI) match. The hosts are leading the series 1-0 and one match drawn. India aims to end the series on a high and not break an unwanted record of not losing a series against Sri Lanka in 27 years. A faltered batting line-up has raised concerns, as India couldn't chase 230 and 240 in the first and second games respectively. Sri Lankan spinners, particularly Jeffrey Vandersay, have outclassed Indian batsmen at 208.
A total of 7,171 shares changed hands on the counter till 12:28PM (IST)
Union Minister Hardeep Singh Puri discussed the ongoing Barmer, Rajasthan petroleum refinery project. A significant milestone was achieved with the installation of a massive dome roof for a Propylene Double Wall Tank. The joint venture by HPCL and the Rajasthan government aims to boost crude processing and reduce petrochemical imports, enhancing India's energy sector.
These incidents reflect the tough challenges faced by Indian women wrestlers on the global stage. As Vinesh Phogat’s campaign was cut short by disqualification and Nisha Dahiya's Olympic dreams dashed by injury, the resilience of these athletes is as evident as the obstacles they encountered.
A total of 2,471 shares changed hands on the counter till 12:23PM (IST)
Japanese technology investor SoftBank Group logged 10.4 billion yen ($70.7 million) in net profit, better than a loss of 316.2 billion yen in the same period a year earlier.
In Northern India, one of the most well-liked celebrations for women is Hariyali Teej. In Rajasthan, Bihar, Madhya Pradesh, and Uttar Pradesh, it is widely observed with great fervor and enthusiasm.
The IPO of Brainbees Solutions, owner of FirstCry, saw only 17% subscription on day two. Retail investors subscribed at 71%, while institutional investors lagged. The price per share is set at Rs 440-465. With promising growth and market potential, analysts suggest a long-term investment. The company plans to expand its retail and international presence.
Sebi evaluated diverse accounting standards and considered expanding mandatory sustainability reporting beyond the top 1,000 companies. The ICAI provided a comparative analysis of different reporting standards.
The Central Bureau of Investigation (CBI) has taken over the inquiry into the deaths of three civil services aspirants at a Delhi coaching centre. Shreya Yadav, Tanya Soni, and Nevin Delvin drowned on July 27 after water surged into the basement of Rau's IAS Study Circle in Old Rajinder Nagar, following heavy rains. The probe was transferred from Delhi Police to the CBI by a Delhi High Court order.
A total of 1,231 shares changed hands on the counter till 12:17PM (IST)
Global volatility is here to stay for some period of time, till US elections because we still do not know what kind of tariff hike US can do and there is also element of currency depreciation which is also coming as a renewed fear and that can keep the volatility at higher levels and while the near-term concerns because of this has subsided, but volatility is going to be there.