The forecast comes after peers Palo Alto Networks and SentinelOne boosted expectations with strong annual revenue forecasts as CrowdStrike's customers reevaluated their options in the aftermath of a global IT outage. Zscaler was on track to shed more than $4 billion from its market valuation of $29.2 billion if premarket losses hold.
The Supreme Court has asked the Sahara Group to provide details of its officials, shareholders, and unencumbered properties that can be sold to raise Rs 10,000 crore. This amount is to be deposited in the SEBI-Sahara refund account for returning investors' money. The court has sought a practical solution as the issue has been pending for over a decade.
Adani Enterprises' Rs 400 crore public issue of non-convertible debentures was fully subscribed by 121% on the first day, driven by retail investor interest. The NCDs offer an annual yield of 9.25% to 9.90% and have tenures of 24, 36, and 60 months. The issue closes on September 17.
The US may be on the brink of a recession, with the Sahm Rule triggered by rising unemployment and an inverted Treasury yield curve. Experts have mixed opinions on the timing and severity, but JP Morgan estimates a 35% chance of recession by end-2024 and 45% by end-2025.
Sultan Haji Hassanal Bolkiah, Brunei's ruler, is among the world's wealthiest, known for his vast fortune, luxury car collection, and the world’s largest palace.
Labour and employment minister Mansukh Mandaviya on Wednesday approved the centralized pension payment system (CPPS) under the Employees’ Pension Scheme, 1995, allowing 7.8 million EPS subscribers to withdraw pension from any bank in India. Besides, it will also ensure disbursement of pension throughout India without any need for transfer of Pension Payment Orders (PPO) from one office to another even when the pensioner moves from one location to another or changes his bank or branch.
Ecom Express has appointed Swati Mor as chief human resources officer effective September 2. With 16 years of experience in telecom, FMCG, and media sectors, Mor previously led the people function at Bharti Airtel. She aims to empower delivery partners through technology to enhance customer outcomes.
India is rethinking its maritime strategy to enhance its role in global maritime governance. The Sagarmanthan Dialogue, scheduled for November 2024, will focus on the blue economy, maritime logistics, and sustainable development. Key figures emphasize the importance of this initiative for India's economic growth and international partnerships.
The Indian technology sector is experiencing growth due to government initiatives, digital transformation, and investments. This has led to a demand for non-tech roles such as digital marketing, financial planning, and project management. Skills like adaptability, communication, and creativity are essential. Companies are also hiring freelancers for these roles.
The 30-share BSE Sensex closed down 202.8 points at 82352.64
With the Rs 76,000 crore government corpus of the government to set up a semiconductor ecosystem from scratch almost exhausted, the next phase will have to focus on bringing the complete ecosystem of companies into the semiconductor space, Manocha said.
Sachin Sarjerao Khilari secured a silver medal in the men's shot put F46 category at the Paralympic Games with an Asian record throw of 16.32 meters. Despite his personal best, he was narrowly beaten by Canada's Greg Stewart. Khilari's journey from a farming family to a top para-athlete is truly inspiring.
Short covering refers to buying back shares which traders previously sold short, often due to a shift in market sentiment or new information.
Deep Industries, Refex Industries, CCL Products, TBZ and Medi Assist Healthcare Services, hit their fresh 52-week highs during the day.
Cook has driven substantial growth by successfully diversifying the business while achieving high customer satisfaction levels.
Dr Reddy's Laboratories and Lupin are recalling products in the US due to manufacturing issues, according to the USFDA. Dr Reddy's is recalling Ibuprofen tablets for failing impurity specifications, while Lupin is recalling Cefixime for Oral Suspension due to subpotency. Both recalls are classified as Class II, indicating potential temporary or medically reversible adverse health consequences.
TSMC, the world's largest contract chipmaker, dropped as much as 5.5% while Samsung Electronics, the world's biggest maker of memory chips, closed down 3.5%. The losses came after global AI darling Nvidia was sold heavily overnight as investors reined in their optimism about the AI sector, as well as US economic growth.
The Directorate General of Civil Aviation (DGCA) has reported a significant reduction in unstabilised flight approaches and risk-bearing airprox incidents in Indian airspace for 2023. The number of unstabilised approaches per ten thousand landings decreased by 23%, while risk-bearing airprox incidents per million flights dropped by 25%. GPWS/EGPWS warnings also saw a notable decline.
The Nifty Bank index closed 0.56 per cent down at 51400.25.
Logically, pure protection plans of life would be the go-to area for us because that is very-very typical of what we already do and very close adjacency. And similarly, in the non-life segment also, we would evaluate motor as a segment. We believe that being one of the largest retail segment, there is an opportunity for us.
Apple is set to unveil its new iPhone 16 series at the 'It's Glowtime' event on September 9. In anticipation, last year's iPhone 15 Plus and iPhone 15 Pro have seen significant price drops on Flipkart and Amazon. The discounts, combined with exchange offers and specific payment method benefits, make these models more affordable for consumers.
The Nifty Pharma index closed 0.74 per cent up at 23184.4.