Новости за 09.01.2025

Microsoft has announced new performance-based layoffs affecting less than 1% of its global workforce of 228,000 employees. The company’s focus on “high-performance talent” drives these actions, which span multiple departments, including its security division. While layoffs reflect ongoing tech industry trends since 2023, Microsoft’s Chairman Satya Nadella unveiled a large-scale initiative to train 500,000 individuals in rural India in artificial intelligence skills, reinforcing the company’s commitment to innovation and growth.

Taiwan's Ministry of National Defence reported increased military activity around the island by the People's Liberation Army and Navy. Eleven aircraft and nine naval vessels were detected, with some crossing into Taiwan's ADIZ. Despite these incursions, Taiwan continues its annual combat power demonstration. Taiwan's sovereignty issues with China persist amid ongoing tensions.

Republican Congressman Andy Biggs has reintroduced a bill to end Pakistan's status as a major non-NATO ally. The legislation requires Pakistan to take significant actions against the Haqqani Network. The bill must show Pakistan's commitment to prevent the network from using its territory and to coordinate with Afghanistan. Previous attempts to pass the bill have failed.

Davin Sons Retail shares debut with a 20% discount at Rs 44 on the BSE SME platform, despite a Rs 5 GMP. The IPO of 15.96 lakh fresh equity shares closed with a 120 times subscription. Proceeds will fund a warehouse, working capital, and corporate purposes. The company saw significant revenue growth in 2024.

Lok Sabha Speaker Om Birla is visiting the UK to discuss India's democratic values and growth story. He met with his UK counterpart and other parliamentarians to strengthen bilateral cooperation in various sectors. He also emphasized the role of the Indian diaspora in promoting the Viksit Bharat mission and discussed ways to enhance bilateral ties through mutual interests.

Bengaluru is preparing for colder weather with temperatures expected to drop to 10-12°C in the coming days. The city has already seen temperatures dipping to 16.04°C. The Air Quality Index stands at 158, and the Indian Meteorological Department advises sensitive groups to limit outdoor activities. This may mark one of the coldest winters in Bengaluru in recent years.

Parmeshwar Metal's shares debuted at a 38.5% premium on BSE SME, opening at Rs 84.5 per share compared to the issue price of Rs 61. The IPO, which involved a fresh equity sale, was overwhelmingly subscribed 600 times. Funds will support a new manufacturing facility, refurbishments, working capital, and general corporate purposes.

Investors have until today to purchase Shriram Finance shares to participate in the upcoming stock split scheduled for January 10. The company plans to split each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The split aims to enhance stock liquidity and accessibility to retail investors.

The share allotment for Standard Glass Lining's IPO is expected to be finalized either today or tomorrow. Investors will receive shares through a lottery system. The shares are anticipated to be listed on January 13. The IPO garnered a strong response, with a subscription rate of 183 times. The raised funds will be utilized for purchasing machinery and equipment, debt repayment, and other corporate purposes.

Equity indices ended slightly lower on Wednesday due to investor hesitation ahead of the earnings season amid lower economic growth projections. Noteworthy stock movements include Delta Corp rising 3%, Waaree Energies falling 3%, and Tata Technologies gaining 0.37%. Analysts provided buy, sell, or hold recommendations based on technical analysis.

China's consumer inflation slowed to 0.1% in December from 0.2% in November. The producer price index fell 2.3% year-on-year, compared to a 2.5% decline in November. Beijing has increased policy support to strengthen the economy. The figures were in line with forecasts from economists.

Oil prices fell further due to a significant increase in U.S. fuel inventories, with Brent crude and West Texas Intermediate both dropping by 0.4%. Despite the drop, concerns over tighter supplies from OPEC and Russia limited further declines. Market dynamics are influenced by winter demand and potential changes in U.S. policies with the new administration.

Gold prices dipped slightly amid rising yields and a stronger U.S. dollar as investors awaited critical U.S. job data for insights on the Federal Reserve's 2025 interest rate intentions. Trump's potential emergency measures for tariffs could impact inflation, posing challenges for the Fed's rate policy. Meanwhile, gold ETFs saw inflows for the first time in four years.

Global bond selloff continued, pressuring Wall Street stocks and boosting the dollar. U.S. Treasury yield hit its highest since April 2024. The S&P 500 and Dow rose, while Nasdaq fell. European shares dipped. Strong U.S. economic data has dampened expectations for Federal Reserve rate cuts. Investors await comprehensive non-farm payrolls data on Friday.

Taiwan and China are accusing each other after an undersea communications cable near Taiwan was damaged. Taiwan's coast guard suspects a Chinese-linked ship but has no direct evidence. China denies the claims, calling them baseless and an attempt to create tensions. Taiwan insists on careful investigation due to past similar incidents.

AAP spokesperson Priyanka Kakkar commends Arvind Kejriwal's governance model for its low inflation, high per capita income, and low unemployment. Meanwhile, BJP criticizes Kejriwal for unfulfilled promises and labels him a liar. Political tensions rise ahead of the Delhi Assembly elections, with allegations over Kejriwal's 'Sheesh Mahal' residence.

Hyundai Motor Group plans to increase domestic investment by 19% to 24.3 trillion won in 2024, focusing on research and development for next-generation products, electrification, and technology. This record investment aims to secure future growth despite economic and political uncertainties, adjusting production lines for electric vehicles.

Prime Minister Narendra Modi mourned the loss of lives in a stampede near Vishnu Nivasam in Tirupati, Andhra Pradesh. The incident occurred during the distribution of 'darshan' tokens. Andhra Pradesh Chief Minister N Chandrababu Naidu is monitoring the situation and will meet victims' families. Many were injured, and the state government is providing support.

Happy Thursday! New-age brokers are dealing with rising customer acquisition costs. This and more in today’s ETtech Morning Dispatch.

A stampede occurred in Tirupati, Andhra Pradesh, claiming six lives and injuring many others during the distribution of Vaikunta Dwara Darshan tokens. The incident happened near Vishnu Nivasam. Witnesses cited an overwhelming rush of pilgrims when police opened the gates for token distribution. The incident is being closely monitored by the Andhra Pradesh Chief Minister.

Los Angeles Fire: Raging wildfires engulfed Los Angeles County, claiming lives, destroying homes, and forcing mass evacuations. Fierce winds and water shortages hindered firefighting efforts, leaving resources stretched to the limit. Celebrities and residents alike fled the flames, which have burned thousands of acres and caused significant economic damage. Authorities warned of ongoing dangers as efforts to contain the fires continued. President Biden pledged federal support, while officials called the situation a historic natural disaster.

Asian shares fell as Wall Street traders held back on big bets before Friday's US jobs report. US contracts slipped, and key data from China expected Thursday. Investors focus on payrolls and Federal Reserve's stance. US stock markets will close on Jan. 9 for Jimmy Carter. Rising bond yields and potential market volatility ahead.