Public sector stocks have seen a significant increase in market capitalisation post-election results, with speculation of potential government stake sales. Valuations are high, posing challenges for further price appreciation. Retail investors are advised to be cautious and consider CPSE ETF for investment.
Wall Street rose Monday on Trump election hopes, Fed rate cuts. Small caps, transportation stocks led gains. The Trump assassination attempt increased odds, boosting Trump Media. PredictIt odds rose; Macy's fell after buyout talks ended. Fed Chair Powell noted resilience. Goldman Sachs impressed; solar firms slid; cryptocurrency, gun stocks up.
Domestic markets started positively, hitting new highs. Ajit Mishra suggests 'buy on dips.' Nifty has support at 24450, staying above 24400. Global markets mixed, oil dipped. Forex saw minimal changes. DIIs sold shares worth Rs 331 crore. Key Q1 results: Bajaj Auto, L&T Finance. Wall Street gained on Trump optimism, Fed rate cuts in September.
Happy Tuesday! India's global capability centres are evolving into front offices for multinational corporations. This and more in today’s ETtech Morning Dispatch.
Mumbai: Banks plan to collectively raise ₹40,000 crore in the second half for expansion. PNB, Union Bank, and others seek approval at AGMs, adhering to RBI norms. Analysts discuss government shareholding, PNB's sequential growth, fundraising plans, and premium valuations from Motilal Oswal, Dolat Capital, and Ashika Stock Broking for credit growth.
During the Argentina vs. Colombia match at Miami's Hard Rock Stadium, Lionel Messi sustained an ankle injury and was substituted for Nicolás González. Lautaro Martinez, the Golden Boot winner, scored the only goal, securing Argentina their 16th Copa América title. Messi, aged 37, was visibly distressed, confirming this was his final Copa América. Scaloni praised his will to keep playing despite injury, with Argentina's squad huddling around him post-match. Martino noted Messi's family is preparing for his career's end... Читать дальше...
Domestic markets saw positive trends with various companies like Bajaj Auto, SpiceJet, and Jio Financial making news. Vedanta launches QIP issue, while HDFC AMC reports profit jump. Updates on Angel One, Vodafone Idea, Unichem Labs, and more. Stay informed on the latest developments in the financial sector.
Stocks in Asia show mixed reactions to Trump's increasing chances of winning a second term after surviving an assassination attempt. Market volatility expected due to tariff threats. Federal Reserve Chair hints at possible interest-rate cuts. Investors remain focused on economic and earnings results despite shocking events.
Usha Vance, the wife of JD Vance, whom Donald Trump declared as his running mate in the upcoming US presidential elections on Monday, brings a wealth of credentials and a deep connection to Indian values and culture.
The European Union accuses Elon Musk's platform X of breaching online content regulations, including misuse of the blue checkmark and lack of transparency in advertising. Both sides engage in a war of words as potential fines and compliance orders loom.
Top Indian banks like SBI, HDFC, and Axis adopt GenAI for better services. BFSI forecasts $13.2B IT spending in 2024. Setu, AdvaRisk, Velocity, and Gnani.ai assist in AI-led innovations like fraud detection, chatbots, and Microsoft partnerships. Prioritizing ethical AI, productivity, and human involvement ensures accuracy. Emphasizing UPI digitization enhances overall efficiency.
Funding for AI startups in India sees a massive drop, causing shockwaves in the tech world. Despite global AI funding surge, Indian startups struggle with market volatility. Experts reveal the challenges hindering AI innovation and funding growth in the country.
LinkedIn joins India's $5.5 billion short-form video market, seeing a 60% rise in video uploads. It focuses on professional growth and skilling, engaging creators like Jay Singh. Competing with Instagram and YouTube, LinkedIn taps into 350 million internet users and potential market growth to $12 billion, aiming for monetization through ads and collaborations.
From top companies such as Google, Microsoft, Apple, Nvidia to Salesforce and AMD, no one wants to be left behind in the AI race. Here’s a deeper look into who are the big guns making strategic bets on GenAI and what are their key investments.
Indian Oil Corp (IOC) received only two bids for its green hydrogen plant project at the Panipat refinery in Haryana, indicating a lack of broad interest from major players despite initial engagement. One bid came from GH4India, a consortium involving IOC, ReNew, and Larsen & Toubro, while the other bid was from Neometrix Engineering.
The proposal suggests that property held for more than 12 months be considered long-term assets, bringing this in line with equities and equity mutual funds, a person privy to the deliberations told ET. However, there may not be any change in the tax rates for both long-term and short-term capital gain. The long-term capital gains tax on property is 20% with indexation benefits to adjust for inflation.
HDFC Bank's stock hit a record high of Rs 1,791 on July 3rd following a strong June quarter business update, but then fell over 9% to Rs 1,624 by July 12th. The bank on 4th July said its gross advances registered 53% year-on-year growth at Rs 24.87 lakh crore in the first quarter. The same stood at Rs 16.3 lakh crore in the last-year quarter.
Former motorsports driver and brother of legendary F1 star Michael Schumacher has come out as gay in an emotional social media post that has touched hearts of his followers. Here's what he had to say in this post, that also included mentions about his family.
Amazon is celebrating its tenth Prime Day with millions of deals across various categories. The event includes early discounts from brands, significant savings on devices, special offers on Prime Video, and promotions on grocery purchases for eligible customers.
Liam Neeson plays the lead role in the thriller "In the Land of Saints and Sinners" on Netflix. The film, which is set in 1974 Ireland and stars a stellar cast of Irish actors, centers on Neeson's character as he deals with a grave threat to his tranquil existence.
After the assassination attempt on former US President Donald Trump on Saturday, his security has been beefed up. The party’s national convention is being held in the city of Milwaukee and there is a multi-layer and multi-agency security that has been provided to the presidential nominee. The venue resembles a fortress.
"Sweet Magnolias" Season 4 on Netflix has raised expectations for fans of the popular series.
Wimbledon 2024 this year has reached the pinnacle of hype with Carlos Alcaraz bagging the men's singles title this year. However, some are still wondering what the pineapple perched up on top of the trophy signifies. Lets' highlight some probable reasons why.