In a regulatory filing this month, Coca-Cola Euro Pacific Partners PLC, a subsidiary of The Coca-Cola Company, said, “During the first half of 2024, the group made a commitment to TCCC (The Coca-Cola Company) to invest €167 million with Microsoft for Azure cloud migration services over a 6-year term. A further €25 million has been committed to Infosys who will act as a supporting partner.”
The 30% market share cap in the UPI segment was considered improbable with only a few months left until the deadline. Newcomers revised their plans as PhonePe and Google Pay retained dominance. The government had not yet provided an official stance to the NPCI on this matter. On the other hand, NPCI has been allowing multiple consumer internet platforms with a large user base to become third-party application providers and launch their own UPI offerings.
If one looks at the recent performance of the largecap stocks, they have been able to cover some of the differential which had developed in the valuations between mid and large stocks. But if one looks at the long -term average, there is still a scope of mean reversion. As an investor, even in a bull market, it would be better to stay prepared for a volatile phase. So a part of the incremental exposure should be going to large cap stocks. But here the difference has to be made between what is a large cap and what are mega caps. Читать дальше...
Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its real estate holdings across key cities. The company aims to unlock value, streamline operations, and monetize its portfolio of land parcels spread over 2,000 acres across key property markets. The assets are estimated to be worth around $6 billion. The holding company covers 45 land parcels and projects, with a total development potential of around 140 million sq ft.
Carmakers and dealers are grappling with inventory levels amid slowing demand in India. The Federation of Automobile Dealers Associations (FADA) claims that their members carry stock equivalent to over two months of sales, while carmakers argue it's about half that. FADA has written to the Society of Indian Automobile Manufacturers (SIAM) twice in less than two months, protesting at stock being dumped on dealers.
Morgan Stanley PE Asia and Samara Capital collectively own 49% of the company while Kotak Pre IPO Opportunities Fund holds 6%. The Kotadias, the company's promoters, own the remaining 45%.
Last week, a meeting of natural diamond houses was held in Mumbai to discuss the road ahead. They have overcome the sudden crunch during the financial meltdown of 2008-09, but are sensing a different challenge this time around. Even De Beers, once a force to be reckoned with, is weighing new strategies.
The breakout from months-long consolidation has opened a path for the stock for potential gains. Analysts advised short-term traders to aim for a target above 900 within the next 6-7 weeks. The stock, which bounced back after testing its 200-DMA, closed at Rs 799 on August 16, 2024. The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.
The UK's first beer spa, located at The Norfolk Mead Hotel near Norwich, combines beer and relaxation. This new wellness concept, which has generated excitement, is expected to boost both guest experience and hotel success.
S&P 500, Dow Jones and Nasdaq composite posted record jump as Nvidia, Microsoft and Alphabet pushed US Stock Market and Wall Street higher on Monday.
A possible giant mercury bomb concealed in Arctic permafrost could prove to be a disaster. It is home to hazardous chemicals that could endanger everyone's safety.
Drones were used by Lucy Adcock, an apparently normal single mother, to covertly oversee a criminal operation smuggling contraband into UK jails. After her secret life was discovered, she was arrested, sentenced to six years in prison, and her collaborators also faced consequences.
Call of Duty Modern Warfare 3 Warzone season 5 reloaded release date on PlayStation 5, Xbox Series X/S, and PC is almost here. We have details on battle pass, multiplayer modes, rewards.
A significant financial reward is anticipated for the high-stakes boxing battle between Jake Paul and Mike Tyson. During a recent press conference, both competitors engaged in physical altercations and heated exchanges, despite the delay caused by Tyson's health.