COOLING TECH
D-St record run continues! Sensex rallies 300 pts; Nifty tops 24,300 as IT, banks lead charge
From the Sensex pack, ICICI Bank, HCL Tech, and M&M opened up to 1.5% higher while HDFC Bank, HUL and IndusInd Bank opened lower by up to 1.3%.
U-Turn: Sensex, Nifty erase gains after hitting record highs
From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
Economic cracks are getting exposed in the 2024 market bounty
Dispiriting trends that have been visible for months now alongside the frenzy for megacap tech stocks and private credit – are on display yet again. Companies with dicey balance sheets have underperformed anew in June. Equal-weighted stock benchmarks where disruptive AI market leaders have the same weighting as industrial bellwethers have lagged yet again.
Ecommerce space heats up; and other top tech, startup stories this week
Welcome to another edition of ETtech Unwrapped – our weekend newsletter. It has been a packed week for ecommerce and quick commerce news. The previous weekend began with Zepto scooping up $665 million in funding, at more than double its last valuation in 2023, which is a pivotal moment for the sector.
UltraTech's India Cements stake buy a win-win for both. Here's what analyst said on industry consolidation
UltraTech Cement's Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group's acquisitive spree is intensifying competition between the two players.
All roads lead to Nvidia as tech sees record inflows, Says BofA
Nvidia Corp became the world's most valuable company, driving record inflows into tech funds. Bank of America Corp strategists noted $8.7 billion inflow in tech funds via EPFR Global data, with strategist Michael Hartnett commenting on the impact of Nvidia's success.
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Asian stocks rise on tech rally, Fed rate cut wagers
Asian shares rose to a three-week high driven by tech stock rally as the dollar struggled post soft U.S. retail sales data, hinting at potential Fed rate cuts.
10 Best Gifts for Dad’s Birthday: Thoughtful Ideas to Celebrate His Special Day in Style
Finding the best gifts for dad's birthday can be challenging, but this comprehensive list makes it easy to discover thoughtful and unique presents that will make his day unforgettable. From personalised keepsakes and elegant accessories to high-tech gadgets and grooming kits, this curated list includes options for every dad's taste and style. Whether he's into classic elegance, modern convenience, or something in between, you'll find the ideal gift to show your love and appreciation.
US as many as 15 years behind China on nuclear power, report says
China has 27 nuclear reactors under construction with average construction timelines of about seven years, far faster than other countries, said the study by Information Technology & Innovation Foundation, a Washington-based nonpartisan research institute.
Sensex, Nifty hit fresh lifetime highs on positive global cues after Fed outcome, US inflation print
Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.
Big tech is driving the S&P rally. The rest have to step up soon
Tech stocks face diverging performances as Nvidia leads the pack, while Apple struggles, causing a profit cool down and an emerging asymmetry among Big Tech stocks, affecting the overall earnings potential in 2024.
F&O Talk | Markets may expect buying on dips with cool-off in India VIX: Sudeep Shah of SBI Securities
Bulls returned to Dalal Street with full force on Friday, as the Sensex closed over 1,600 points higher, reaching a new all-time high, while the Nifty 50 advanced over 468 points. Both indices successfully erased all losses from June 4.
Tech View: Nifty ends above 21 EMA. What traders should do on Thursday
Nifty saw a gap-up opening on Wednesday and call writers (bears) are seen exiting with additional PUT writers at all strikes from 21,500 until 22,200. This, analysts believe, led to the sharp recovery in the 50-stock index.
S&P 500, Nasdaq drop as investors weigh Fed moves after inflation data
At 11:29 a.m. ET, the Dow Jones Industrial Average had risen 57.67 points (0.15%) to 38,169.15. Meanwhile, the S&P 500 had fallen 26.62 points (0.51%) to 5,208.86, and the Nasdaq Composite had dropped 206.02 points (1.23%) to 16,531.06. Investors are anticipating comments from Raphael Bostic, President of the Atlanta Federal Reserve and a voting member of the Federal Open Market Committee, later in the day.
Mahindra to focus more on driving range, tech over price in future electric cars
Speaking to ET, R. Velusamy, president, automotive technology and product development at M&M said while TCO (total cost of ownership) approach to EV development or how much one saves after switching from petrol or diesel cars to EVs may work in the short term for “early adopters”, in the long term, it’s the range, technology and overall experience that will help in creating new market segments and to grow sales.
Foreign-themed mutual funds rally up to 80% in a year. Should you go international?
International funds, including top performers like Mirae Asset NYSE FANG+ETF FoF, showed strong growth. However, concerns arise with Sebi's restrictions on overseas ETF investments and varying earnings growth in indices like Hang Seng and CSI 300.
Best mobile cooling pads for an enhanced gaming experience
All the mobile gaming enthusiasts, listen up! You can now prevent your smartphone from getting heated every now and then by investing in a mobile cooling pad. All you are requested to do is clip on the pad/cooler and you are good to go. Your phone's temperature will instantly come down in a few seconds, leading to a healthy battery and an elevated gaming experience. We have shortlisted 8 best mobile cooling pads to help you pick the right one for you.
Luxury car companies keep it cool inside with advanced glass coatings
Car manufacturers are adopting sophisticated glass coatings to maintain cool temperatures inside vehicle cabins, reducing the reliance on air conditioning as temperatures soar above 45°C in certain Indian cities during the summer. This initiative coincides with the trend towards larger vehicles like SUVs and electric models, which demand more battery pack space, resulting in larger glass surface areas and thermal loads
Telecom data centres prepare to take the heat of summer months
The persistent heatwave conditions pose increased cooling challenges for telecom data centers, critical components of broadband communications infrastructure responsible for call/data routing and safeguarding essential customer data. Executives from Bharti Airtel's Nxtra Data and Reliance Jio emphasize leveraging renewable energy integration, energy-efficient enhancements, and advanced cooling technologies to manage costs and ensure uninterrupted data center operations.
India’s hot summer creates winners in its pricey stock market
The coming months will also see hundreds of millions of voters attend campaign rallies and head to the polls in a parliamentary election that lasts for weeks starting mid-April. Such increased activity will likely amplify the impact of extreme weather and boost demand for products to tackle heat.
Charting the global economy: US inflation cools; Japanese Yen stays weak
Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast.
Best Gaming Mouse in India For Excellent and Programmable Gaming Quality
Are you looking for the best gaming mouse for your gaming needs? If so, then continue reading this article where we have curated a handpicked list of the best gaming mouse in India. All of these gaming mouse are programmable, of great quality and offer you a wide range of features.
Best backpacks for men and women- Finding your adventure partner
The article presents to you a list of best backpacks for guys and girls, here you will discover durable, comfortable and affordable options from brands trusted by a large number of customers. Plus, these backpacks also have features like anti theft pockets, back padding, inner mesh pockets, water resistant and wear resistant designs etc. No matter how hard your journey is, your backpack should be ready for whatever may come its way and we aim to find a travel companion just like that for you.
Purv Flexipack debuts with 266% premium on NSE SME platform
Purv Flexipack shares debut on NSE SME platform with a 266.2% premium. The IPO received over 400 times subscription. The company operates in the thriving Indian plastic industry market, distributing plastic-based products and having subsidiary companies.
Premium for AI jobs cools as talent supply increases
According to staffing firms, Average pay hike for a new job in AI — including AI/ML engineer, robotics engineers, natural language processing engineer, ethics engineer and data architect — has reduced to 15-25% from 50-60% a year ago.
Best gifts for husband on Valentine's Day: Thoughtful and romantic ideas to make him feel special
Explore this selection of Valentine's Day gifts for husband, ranging from personalized keepsakes to stylish accessories. Each gift idea is designed to convey thoughtfulness and romance, reflecting his unique interests and passions. Whether it's a custom-made item or a trendy accessory, these gifts aim to make him feel special and appreciated on this day dedicated to celebrating your love and connection.
Run, Recover and Repeat: How Business leaders tackle post-marathon recovery
Business leaders like Rajan Mittal, Anjan Pathak, Parag Kulkarni, Shweta Sastri, and Mayank Kumar share insights on their post-marathon recovery routines. From immediate cool-downs and tech-assisted monitoring to balanced nutrition and mental unwinding, these leaders emphasize the importance of holistic recovery strategies. Reflecting on performance, active recovery, and balanced meals contribute to their overall well-being after completing a marathon
Is the funding winter finally ending? Startup salaries cool as tech talent war settles
Approximately 46% of the participating startup founders noted a decrease in employee turnover over the last year, signaling an improvement in retention rates. Moreover, 50% of the founders observed that hiring for tech roles has become more straightforward, attributing this trend to the moderation of tech salaries.
WayCool Foods' tech subsidiary, SAP come together to empower food value chain startups
Through the SAP Partner Managed Cloud model, CensaNext envisions a co-branded offering that extends the reach of SAP S/4HANA to small enterprises and startups worldwide.
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