Hindenburg Research announced a short position in Super Micro Computer, alleging accounting manipulation. The server maker's shares dropped approximately 5% in early trading. Closely linked with Nvidia, Super Micro has benefited from the AI boom. Hindenburg's report also claims other issues like undisclosed related party transactions and export control failures.
Additional Sessions Judge Dheeraj Mor ordered release of Shah in a money laundering case linked to terror funding, observing that he has been in continuous custody since July 26, 2017. The judge noted that the maximum punishment for the offence of money laundering is seven years, while his ongoing detention exceeded that period.
The metric is crucial not only for assessing a stock's current value but also predicting its future price trends.
Road engineering, procurement, and construction (EPC) companies are expected to see a moderate revenue growth of 5-7 per cent next fiscal due to lower national highway awarding impacting their order books. Despite this, their credit profiles are expected to remain stable supported by steady operating profitability and strong balance sheets. The slowdown in growth is attributed to various factors including procedural issues and transition-related challenges as the government explores different project models. Читать дальше...
On May 7, the Ministry had informed the Bench that it would withdraw its letter, issued in August 2023 to all states, that had effectively put on hold the implementation of Rule 170. The letter had directed all the states and Union Territories not to invoke this rule against misleading advertisements after an advisory board recommended its removal.
Wall Street's main indexes opened lower on Tuesday as caution prevailed ahead of highly anticipated results from Nvidia and crucial economic data expected later in the week.
As per Sureka’s LinkedIn profile, he joined the lender in 2005 in its financial markets division. He was elevated to group president in October 2016. For the last four years, he was the head of treasury. Before joining Yes Bank, Sureka had worked with ICICI Bank for three years. Sureka is a chartered accountant from the Institute of Chartered Accountants of India.
Yes Bank has removed Amit Sureka from his position as the head of its financial markets division. The bank did not provide a reason for this decision. Yes Bank is currently looking for a new promoter as SBI aims to reduce its 24% stake by March end, allowing other stakeholders to exit.
Fox News host Jesse Watters made controversial comments about Vice President Kamala Harris, suggesting she would be 'paralyzed' in the Situation Room while generals 'have their way with her.' Initially defending his words as figurative, Watters faced severe backlash online and calls for his dismissal. The incident has spurred debates on the use of sexualized language in media.
Karnataka CM Siddaramaiah and Deputy CM DK Shivakumar will lead a Congress party march to Raj Bhavan on August 31 to seek prosecution of Union Minister HD Kumaraswamy in a mining lease case. This comes after BJP's padayatra demanding CM's resignation over plot allotment to his wife. Congress aims to pressure Governor Gehlot to sanction prosecutions in various cases. The event will involve all Congress MPs, MLAs, MLCs, and ministers.
Namibian cheetah Pawan was found dead at Kuno National Park in Madhya Pradesh on Tuesday. The male cheetah's preliminary cause of death appears to be drowning. His body was discovered partly submerged in water with no external injuries. Kuno National Park now has 24 cheetahs remaining, including 12 adults and 12 cubs.
Apple’s shift from China is driving a massive surge in hiring in India. Details on this and more in today’s ETtech Top 5.
The rumors surrounding the arrest of Telegram CEO Pavel Durov have been connected to 24-year-old Juli Vavilova. Her ambiguous relationship with Durov and her social media activities have sparked speculation about her possible involvement.
Euler Motors has announced its foray into the small commercial vehicle sector by launching its first electric four-wheeler with a payload capacity of over 1,000 kg. This new vehicle aims to meet the rising demand for efficient transportation solutions and will be rolled out during the upcoming festive season.
Bollywood actress Kangana Ranaut has bought an office property in Mumbai’s Andheri for over Rs 1.56 crore. The purchase involves a 407 sq ft space in a commercial project. Other Bollywood figures like Amitabh Bachchan and Shah Rukh Khan have also made significant real estate investments.
The 30 stocks in the index are weighted according to their free-float market capitalization. The index includes companies from various sectors, such as financial services, consumer discretionary, energy, commodities, healthcare, industrials, FMCG, IT, and utilities.
The possibility of the Chinese yuan increasing in value is looking even more likely now that Federal Reserve Chairman Jerome Powell has signaled the US is ready to lower interest rates. However, the yuan's rise won't necessarily be immediate. It might happen later, when the US dollar weakens further and the US achieves a "soft landing" - that's when inflation slows down without causing a recession.
The ultra-wealthy have been building nuclear bunkers for many years, ever since the end of the Cold War.
The Indian government has allowed the import of up to 160 tonnes of gold from the UAE at a concessional rate for 2024-25 under the India-UAE free trade agreement, known as CEPA. This follows a surge in gold imports from the UAE, prompting calls for a review of the agreement. India's gold imports dropped by 4.23 per cent to USD 12.64 billion in April-July 2024-25 due to global economic uncertainties.
On Tuesday, General Li Qiaoming, Commander of the Ground Forces of the People’s Liberation Army of China, was awarded Pakistan's Nishan-e-Imtiaz for his significant contributions to strengthening military ties between China and Pakistan. At a ceremony attended by Prime Minister Shahbaz Sharif and Army Chief General Asim Munir, General Li was praised for his four-decade career and dedication to maintaining regional peace and stability. During his visit, General Li and Sharif discussed deepening their... Читать дальше...
Gold prices climbed Rs 550 to Rs 74,350 per 10 grams in the national capital on Tuesday on the back of fresh demand from local jewellers. The precious metal of 99.9 per cent purity had closed at Rs 73,800 per 10 grams in the previous session on Friday.
Browserstack has committed a mix of cash, stock and future investment for the $20-million acquisition. Along with this deal, the Accel-backed mobile and web software testing platform also rolled out the manual testing tool Bug Capture, which it claims lets users debug issues 30% faster on average.