Новости за 30.08.2024

Computer Age Management Services Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 21385.09 Crore) operating in Financial Services sector.

An Indian tax investigation has revealed that British insurer Aviva breached commission regulations by using fake invoices and untracked cash payments. Between 2017 and 2023, Aviva's India business paid $26 million to entities claiming to provide services but were actually fronts for funneling money to sales agents, evading $5.2 million in taxes.

The Indian rupee is expected to recover further, bolstered by a rally in the Chinese yuan and anticipated inflows from higher weightage in MSCI’s index. The rupee may open flat-to-marginally higher against the U.S. dollar, with potential gains due to equity inflows of up to $3 billion.

Former President Donald Trump criticised Vice President Kamala Harris's interview with CNN, attacking her for having Gov. Tim Walz as her running mate, accusing her of rambling, and claiming her appearance made her look unpresidential. He also criticised her answers and suggested that she had changed her positions on various issues.

Shiv Sena minister Tanaji Sawant has sparked controversy by stating that proximity to NCP leadership makes him vomit, underscoring his distaste for the NCP and Congress. NCP leaders have brushed off his remarks, with suggestions that he should examine his health issues. Sawant's history includes controversies over police pressure and his role in the MVA government's fall.

Tech Mahindra Ltd. key Products/Revenue Segments include Software Services for the year ending 31-Mar-2024.

On August 29, the closing prices of four stocks from the Nifty200 pack rallied over 1% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 475393.42 Crore) operating in IT Software sector.

Carlos Alcaraz, ranked World No.3, was defeated by Botic van de Zandschulp in the second round of the US Open, marking a major upset. Alcaraz, a four-time Grand Slam winner, saw his 15-match win streak come to an end. This loss is his earliest Grand Slam exit since Wimbledon 2021.

Arvind Fashions Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 7197.55 Crore) operating in Apparels sector.

The Indian market is projected to trade higher on Friday, tracking positive global trends. The Nifty index has shown consistent growth, aiming for further gains if it holds above 25,100 zones, with significant support at 25,000. Experts have listed promising short-term stock picks to capitalize on this trend.

The company is taking 148,000 at Prestige Trade Tower and 115,000 at Bharti Worldmark 6 at Delhi’s Aerocity, besides 140,000 at DLF’sCyber City in Gurgaon.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 2058185.37 Crore) operating in Diversified sector.

Macquarie has maintained a "Neutral" rating on Reliance Industries (RIL) with a target price of Rs 2,750. The firm views the New Energy business as a key driver for future growth and value creation. Progress in other areas like 5G, home broadband, media, retail, and O2C was largely seen as consistent with prior expectations. While New Energy ambitions are seen as supportive of long-term growth, they need to be de-risked.

Everybody views interest rate cuts very positively. However, I believe one needs to think a bit counterintuitively or with second-order thinking. The reason being that rate cuts and the magnitude of change in expectations can only occur with weakening economic data.

MarketSmith applies O'Neil's methodology to screen for companies with strong earnings growth and relative price strength within 15% of their 52-week highs—ideal in early bull markets.

Google announced it will open its second data center in Latin America in Uruguay's Canelones, investing over $850 million. This follows the first data center in Chile's Quilicura, established in 2015. This project aims to boost technological development in Uruguay and the region.

The Bengaluru-headquartered firm, which offers staffing, workforce management and technology outsourcing services, ended the June quarter with an employee count of 597,000. Since then, it has added at least 6,000 workers, chairman Ajit Isaac told ET.

Bondada Engineering, which listed on the BSE SME in August 2023, has surged over 4,400% from its IPO price of Rs 75. The company will start trading ex-split from the upcoming Monday following its announcement of a 1:5 stock split in July, with September 2 set as the record date. Today is the final opportunity to purchase shares to be eligible for the stock split.

India's economy is slowing due to reduced government spending ahead of elections and weak consumer sentiment. Growth is expected to moderate owing to factors such as global economic slowdown, inflation, and rural spending recovery delay. Economists are urging the Reserve Bank of India for interest-rate cuts.

Kamala Harris, the Democratic nominee for president, outlines her tougher stance on migration and support for Israel in a CNN interview. She stresses the importance of enforcing border laws and emphasizes her stance on not withholding weapons to Israel. Harris also addresses inflation and suggests including a Republican in her potential cabinet.

Former President Donald Trump announced plans to make IVF treatment free for women if he wins a second term, but did not provide details on funding. His statement comes amid criticism over his role in overturning Roe v. Wade, which has impacted reproductive rights and access to IVF.

OpenAI's chatbot ChatGPT has doubled its user base to over 200 million weekly users. The AI startup has seen a surge in the use of its products among Fortune 500 companies and its API usage has also doubled. Additionally, OpenAI and Anthropic have signed research and testing deals with the U.S. government.

Mixed sentiments are seen in global markets. Nikkei is expected to underperform whereas DAX remains in a corrective phase.