Latest News
Refresh- Multibagger SME stock split record date on Monday. Last day to buy for eligibility
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.
- GDP data: India’s rapid growth set to moderate as consumers remain wary
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.
- Tamannaah Bhatia-Vijay Varma's love story: 'Lust Stories 2' actor reveals why they chose not to hide their relationship
Tamannaah Bhatia and Vijay Varma, Bollywood's latest 'IT couple,' have chosen to be open about their relationship while maintaining a level of privacy. Vijay shared that they decided not to hide their bond, as it would be too restrictive and counterproductive. Despite public interest, they have kept certain aspects of their relationship private, including over 5,000 photos they haven't shared on social media.
- Trump promises universal coverage for IVF, suggests he'll vote against Florida abortion measure
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 says ChatGPT's weekly users have grown to 200 million
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.
- F&O Radar| Deploy Short Strangle in Nifty to gain from range-bound action
Mixed sentiments are seen in global markets. Nikkei is expected to underperform whereas DAX remains in a corrective phase.
- X braces for Brazil shutdown as legal spat between Elon Musk, judge intensifies
Social media platform X, owned by Elon Musk, faces impending shutdown in Brazil after failing to comply with a Supreme Court order. The court also blocked Musk's Starlink’s local bank accounts. The dispute centers around compliance with local laws and Musk's allegations of censorship.
- Congress, NC, PDP want to roll back J&K into early 1990's: BJP's Tarun Chugh
Tarun Chugh along with other BJP leaders inaugurated the party’s media center in Jammu which will remain active round the clock till the three phase assembly election will conclude and results are announced on October 4.
- Trump gets moving to toss conviction, delay sentencing in hush money case, wants court to intervene
Former President Trump has asked a Manhattan federal court to take over his New York hush money case, aiming to overturn his conviction and delay his sentencing. His lawyers allege constitutional rights violations and argue that state prosecution faced bias. The move could impact his 2024 presidential campaign.
- At 87, Pope Francis defies expectations with epic voyage
Pope Francis, aged 87, embarks on a 12-day journey to Indonesia, Papua New Guinea, East Timor, and Singapore. The trip, involving 43 hours of flight and covering 32,000 kilometers, aims to demonstrate his resilience despite health issues. It includes 16 speeches and numerous meetings in four countries, highlighting his commitment to his pastoral duties.
- 'Disappeared' victims emerge in Bangladesh, seek justice despite hurdles
Bangladesh's indigenous rights activist Michael Chakma recounts his harrowing experience of being abducted and held for five years by armed men. Following the resignation of Prime Minister Sheikh Hasina amid widespread protests, an interim government, led by Nobel laureate Muhammad Yunus, has formed a commission to investigate forced disappearances of hundreds during her rule.
- Expect innovation and 35% plus growth for new businesses: Puneet Chhatwal, India Hotels
Puneet Chhatwal, MD & CEO of IHCL, discusses the expected long-term growth in India's hospitality sector. He highlights the increasing demand for talent and business travel, and IHCL's strategy of launching and re-imagining properties. Chhatwal anticipates significant contributions to the economy, with double-digit growth fueled by innovative initiatives and strong market demand.
- Sudip Bandyopadhyay on whether it is a good time to book profits in Trent
Of course, we can debate the valuations and things like that, but fundamentally IT as a business should do well in the near future. As far as FMCG is concerned, the reason, again, I must mention that rural demand was really-really weak and that has now started improving. The green shoots are visible.
- Sanco Trans, Dynamic Industries among 9 stocks to trade ex-dividend on Monday. Last date to buy today
This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.
- Shani Pradosh Vrat 2024 to be observed on Aug 31: Check significance, time and pooja vidhi
Shani Pradosh Vrat is a significant Hindu observance dedicated to Lord Shiva and Goddess Parvati. This year, it falls on August 31, 2024, with key rituals to be performed during the twilight period. The fasting and prayers are believed to bring blessings and fulfil devotees' heartfelt desires.
- View: Bangladesh can’t afford to let chaos reign and alienate global investors
Bangladesh's recent political upheaval, culminating in the ouster of longtime leader Sheikh Hasina, has not led to immediate stability. The interim government under Nobel laureate Muhammad Yunus faces challenges including political Islamism, vigilante violence against minorities, and judicial overreach. There is urgent need for clear commitments to democracy and institutional integrity to avoid further chaos.
- Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Elon Musk and Tesla have won the dismissal of a federal lawsuit alleging they defrauded investors by promoting dogecoin and engaging in insider trading. Investors claimed Musk used social media and public appearances to manipulate dogecoin's price, leading to significant losses. The decision was delivered by a U.S. District Judge in Manhattan.
- What should investors do with Paytm stock? Sudip Bandyopadhyay answers
Bajaj, for a long-term investor, is good. Anyway, they are doing all kinds of good things, ticking all the right boxes. As far as four wheelers are concerned, I will be a little cautious at this stage not because of anything else but the valuation. I would rather play the auto sector through auto components, auto ancillary companies, and that is a place where the opportunities are much bigger according to me at this stage.
- Reliance plan to double Jio, Retail revenue in next 3-4 years not very ambitious? Deven Choksey explains
Reliance plans to double its revenue and EBITDA for Jio and retail in the next three to four years. They are focusing on AI-driven applications and omni-channel retail growth. Additionally, the new energy segment, led by Anant Ambani, aims to surpass the O2C business in profitability within five to seven years.
- Nvidia's rally takes a break after forecasts fall short of investor expectations
Nvidia shares fell over 6% after forecasting third-quarter gross margins below market expectations. However, the company expects production of Blackwell chips to ramp up in the fourth quarter. Despite the dip, Nvidia's stock remains up 137% this year, driven by strong revenue forecasts and a $50 billion share buyback.
- Sterling's stunning rally keeps twitchy currency markets on edge
Sterling has hit new highs against the dollar and euro, driven by speculative interest rate bets. Analysts warn these gains could be unstable, especially with potential changes in monetary policy. The pound's rise also stems from political stability in the UK and recovery from a shallow recession in 2023.
- Noida Interational Airport to have capacity of over 1 lakh tonnes when cargo facility opens, will grow with demand: CEO Christoph Schnellmann
Development of the cargo terminal and multimodal cargo hub at Noida International Airport in Jewar is advancing rapidly. Partnering with Air India SATS, the project aims for over 1 lakh tonnes of cargo capacity. The airport, incorporating North Indian architectural elements, expects its aerodrome license application this year, with operational readiness anticipated soon.
- Meta’s Llama models hit 350 million downloads, leads open-source AI
Besides the community platform Hugging Face, Llama was also being accessed through Meta’s cloud partners such as Amazon Web Services (AWS), Microsoft’s Azure, Databricks, Dell, Google Cloud, Groq, NVIDIA, IBM watsonx, Scale AI, Snowflake, to name a few.
- Centre okays Singapore Airlines' FDI proposal for Air India-Vistara merger
Singapore Airlines has secured approval from the Indian government for its foreign direct investment as part of the merger between Vistara and Air India. The merger, announced in November 2022, aims to create a dominant full-service airline. SIA will hold a 25.1% stake in the combined entity, expecting completion by the end of 2024.
- Three infiltrators killed in Kupwara of northern Kashmir: Army
The Army and Jammu and Kashmir police have killed three infiltrators in two separate operations along the Line of Control in Kupwara district. Two AK rifles, a pistol, grenades, and other items were recovered. Earlier operations in Baramulla, Kupwara, and Bandipora against infiltrators have also been reported.
- RBI cautions against fraud using its name
The Reserve Bank of India warns the public about fraudsters falsely using its name through fake letterheads, emails, and calls. These criminals impersonate RBI employees to steal personal and banking details. RBI also identifies unauthorized digital lending apps and financial service providers pretending to be registered with the regulator.
- NPCI launches ATM products; BBPS renamed Bharat Connect
The National Payments Corporation of India (NPCI) introduced new products to transform ATM infrastructure, including UPI interoperable cash deposits and digital banking units. Customers can now deposit cash at ATMs using UPI without a physical card. Additionally, RBI has rebranded the Bharat Bill Payment System to Bharat Connect, while open architecture ATMs will offer various banking services.
- Amid extended space mission, Sunita Williams asks her 'astronaut mom' not to worry about her
NASA astronauts Sunita Williams and Barry Wilmore's mission to the ISS has extended to eight months due to technical issues with Boeing's Starliner. They are now scheduled to return to Earth in February 2025 aboard a SpaceX Crew Dragon. Despite the prolonged stay, their families remain supportive and confident in their well-being.
- Oil steady as players take stock of Middle East supply concerns
Oil prices were steady in early Friday trading as investors balanced supply concerns in the Middle East with weak demand signals. Libyan production and exports faced significant disruptions, while Iraqi output plans to reduce next month. Despite supply issues, oil prices are set for a second consecutive monthly decline.
- Gold prices poised for monthly gain; focus on US data
Gold prices remained steady on Friday but are set for a monthly gain due to expectations of a U.S. interest rate cut in September. Markets are awaiting crucial U.S. inflation data. Meanwhile, economic indicators like GDP and unemployment claims show positive signs, impacting traders' views on Federal Reserve policies.
- Dollar set to snap 5-week losing streak as Fed cut bets pared
The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan's yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade.
- Kamala Harris' plan to increase taxes post US Elections win generates huge controversy, will voters vote for her?
Kamala Harris is planning on increasing taxes if she is voted to power in next US national elections, reshaping the way the richest citizens of the nation are taxed, something that has created a divided opinion in the entire country. What would be your thoughts?
- Dow closes at record high, Nvidia falls after forecast
The Dow reached a record high on Thursday amid mixed trading following strong U.S. economic data, while Nvidia dropped after its forecast failed to impress investors. The U.S. economy grew faster than anticipated, bolstering expectations of avoiding a recession. Apple rose as Citigroup named it a top AI pick, while other AI stocks saw mixed performance.
- In first sit-down interview of presidential campaign, Kamala Harris says voters ready for 'new way forward'
Vice President Kamala Harris, alongside her running mate, Minnesota Gov. Tim Walz, emphasized their focus on supporting the middle class and presented their vision for a new way forward during their first major TV interview. Harris addressed policy reversals and criticism while campaigning in Georgia, with aspirations to make significant inroads in GOP strongholds.
- GIFT Nifty up 15 points; here's the trading setup for today's session
Nifty has consistently maintained the 25,000 level, and as long as this support holds, a positive bias should be retained. However, a break below 25000 could lead to weakness towards 24850 or lower, Rajesh Bhosale, Equity Technical Analyst, Angel One, said.
- US Elections: Here's where Donald Trump is surging; Independents plan to vote for him in a blow to Harris
Donald Trump, even though falling behind in the US Presidential Elections 2024 popularity ratings, based on the recently released survey reports, is now trying to push back by garnering the support of Independents, who have chosen to vote for the former President, say polls.
- Zepto raises $340 million; HCLTech’s growth plans
Happy Friday! Zepto has announced another $340 million fundraise, valuing it at $5 billion. More details on this and other updates in today’s ETtech Morning Dispatch.
- Stocks in news: SpiceJet, CDSL, RIL, LIC, Shipping Corp, NTPC
Aviation watchdog DGCA decided to place SpiceJet under enhanced surveillance that will entail increased spot checks and night surveillance to ensure the safety of the airline's operations.
- Asian stocks rebound after upbeat US economic data
Equities in Australia and South Korea rose while those in Japan inched up. The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday. Japan’s 10-year bond futures opened lower after data showed inflation in Tokyo quickened in August, backing the case for a further normalization of monetary policy.
- Mike Tyson vs. Jake Paul: How to watch in the US, date, time, a complete guide
Mike Tyson and Jake Paul have always been raring to go against each other but it has always seemed that nature had different plans for them. One of the most anticipated challenges in Tyson's way has been postponed for a long time, and now finally has seen the light of the day in a new avatar. Here's all you need to know about the new dates of the Mike Tyson vs Jake Paul encounter.
