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Indian IT engineers are a cricket craze in the US
Indian IT professionals from companies like Cognizant, ServiceNow, and Cigniti are actively involved in promoting cricket in the USA during the T20 World Cup matches. The IT industry's role includes owning cricket franchises, sponsoring leagues, and even participating in matches. They are contributing to the growth of cricket in North America, with Indian origin players like Saurabh Netravalkar and Nosthush Kenjige playing for the USA team.
OFSS shares surge 11% in two days, hit record high on strong parent company results
Oracle Financial Services Software (OFSS) experienced a significant surge of 11.4% in its shares over the past two days. This rise followed strong earnings reported by its parent company, Oracle Corporation, in the United States.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 60.65 points up at 23383.6
10 midcap stocks with the highest dividend yield over past one year
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to Trendlyne data, as many as 10 BSE Midcap index stocks have paid up to a 5.2% dividend yield in the past one year. Here is the list:
Vedanta: How an old-age biz is trying to deliver a new-age baby
The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.
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Corporate actions this week: HDFC Bank, HCL Technologies to go ex-dividend, Sanginita Chemicals right issue and more
This week is packed with notable corporate actions. HDFC Bank, HCL Technologies, Oracle Financial Services Software, Laurus Labs, UCO Bank, and Bank of Maharashtra are set to go ex-dividend, while Ajooni Biotech and Sanginita Chemicals have their rights issue ex-date scheduled.
Hyundai pauses ads on X over brand safety issues
Hyundai paused advertising on X due to brand safety concerns amid controversies over Elon Musk's social media platform. Major companies like Disney and Warner Bros also halted their ads on the site.
KPMG opens innovation centre in Bengaluru, second after Mumbai
The first one was opened in Mumbai in 2022 where the company has demonstrated accelerators built with partners, hyperscalers and original equipment manufacturers like Oracle, Microsoft, Google, Salesforce, ServiceNow, Adobe, OutSystems and startups.
PPFAS Flexicap Fund bought 8.8 lakh shares of ITC amid BAT stake sale in March
In February, PPFAS had around 30 stocks in its equity portfolio which declined to 29 in March.
ETtech Explainer: All you wanted to know about Nvidia’s Blackwell AI chip
Nvidia highlighted that Blackwell chips enable organisations to develop and operate real-time generative AI on trillion-parameter large language models while reducing costs and energy consumption by up to 25 times compared to its predecessor.
European shares rise on earnings support; US inflation data in focus
European shares opened trade on a higher note on Tuesday, with support from strong corporate earnings, while investors awaited key U.S. inflation data for more clues on the Federal Reserve's interest rate-cut trajectory.
F&O Ban List: Zee under ban on Thursday; IRCTC, RBL Bank, 3 others exit
Zee Entertainment Enterprises (ZEEL) is back under the F&O ban list after a one-day reprieve. The company has approached the National Company Law Tribunal (NCLT) for guidance on implementing the merger scheme. Zee has also taken legal action to contest Culver Max and Bangla Entertainment Pvt. Ltd’s (BEPL) claims in arbitration proceedings at the Singapore International Arbitration Centre (SIAC). Additionally, Zee's MWPL was 100.4%, and the Indian benchmark indices, S&P BSE Sensex and Nifty, closed with declines.
F&O Ban List: RBL Bank among 5 stocks under trade ban on Wednesday. Zee, 5 others exit
F&O Ban List: Six stocks that were under the F&O ban on Tuesday have now exited. These stocks are Aditya Birla Fashion and Retail (ABFRL), Delta Corp, Indian Energy Exchange (IEX), Polycab India, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL).
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 160.16 points up at 21622.4
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 125.25 points up at 21587.5
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 184.11 points down at 21387.85
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says
The global elite at the World Economic Forum in Davos grew $405 billion richer in 2020 and reached a total wealth of $869 billion last year, while nearly five billion people worldwide became poorer, according to Oxfam. The charity warned against the influence of the ultra-rich on tax policy and called for action to address the increasing global inequality.
IIT-Roorkee sees 802 job offers in first 15 days of final placements
Accenture Japan, American Express, Axis Bank, Axtria India, Bajaj Auto & Chetak Technology, Bharat Petroleum Corporation, Cisco, EXL Service, Futures First, Google, ICICI Bank, Jaguar Land Rover India, JP Morgan & Chase, Merilytics, Microsoft, Navi, Oracle India., Qualcomm India, Reliance Industries, Sprinklr, Texas Instruments and Zepto were among the companies that participated in the placements drive, according to the statement issued by IIT-R.
Who was Charlie Munger, the Oracle of Pasadena who helped Warren Buffett build the Berkshire empire
Charlie Munger, the vice chairman of Berkshire Hathaway and a close friend of Warren Buffett, has passed away at the age of 99. Munger played a pivotal role in the success of Berkshire Hathaway and leaves a lasting impact on the corporate world. Known for his long-term value investing approach and multidisciplinary thinking, Munger influenced Buffett's investment strategy.
Elon Musk says X to file 'thermonuclear' lawsuit against media watchdog
Liberal media watchdog group Media Matters for America earlier this week said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content.
How Warren Buffett privately traded in stocks that Berkshire Hathaway was buying and selling
Buffett’s records show he reported at least $466 million in personal stock sales between 2000 and 2019. That’s a relatively modest sum for a person reported to be worth more than $100 billion (and indeed the records reveal vastly more trades in government and corporate bonds than in stocks). But the records include only securities he sold, not those he bought and held, so the portfolio is likely larger than ProPublica could see.
White House blasts Musk's 'hideous' antisemitic lie, advertisers pause on X
Musk on Wednesday agreed with a post on X that falsely claimed Jewish people were stoking hatred against white people, saying the user who referenced the "Great Replacement" conspiracy theory was speaking "the actual truth."
IBM suspends ads on X after corporate ads appeared next to pro-Nazi content
Media watchdog Media Matters said it found that corporate advertisements by IBM, Apple, Oracle and Comcast's Xfinity were being placed alongside antisemitic content.
IRFC, Varun Beverages among 6 midcap stocks which hit new 52-week high on Wednesday
August 16, 2023, marked an impressive day for BSE MidCap stocks, as several companies soared to new heights by hitting their 52-week highs, showcasing robust market momentum and potential for growth.
Fitch Ratings downgrade: Is panic warranted in the markets?
As an investor in Indian equity markets, you must not fret over the US downgrade by Fitch and focus on stocks that you own in your portfolio over anything else. Make sure that they are fundamentally sound and hold them with patience.
Q1 results this week: Tata Steel, L&T, Axis Bank, Bajaj Finance, Tech Mahindra, Tata Motors, and others
Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25
Coforge, Laurus Labs among 8 stocks to trade ex-dividend this week
Several Indian companies will trade ex-dividend this week, including Oracle Financial Services Software, Ramkrishna Forgings, Coforge, Laurus Labs, Indiamart Intermesh, Kewal Kiran Clothing, 360 One Wam and Aptus Value Housing Finance. Oracle Financial Services Software will pay an interim dividend of INR225 ($3.06) per share. Meanwhile, Laurus Labs will pay an interim dividend of INR1.2/share, and Kewal Kiran Clothing INR2/share.
MSCI rejig, Q4 results among top 8 factors to drive Dalal Street this week
Bulls have had a good time since last month in Dalal Street due to continued buying by foreign investors and better corporate earnings. However, a series of events, economic data points, and earnings are due next week, resulting in some likely volatility in markets despite the positive trend. The coming week will include a review by the Bank of England and earnings releases by many Indian companies, along with various macro data points and an MSCI index review. Additionally, investors will watch the primary market as Mankind Pharma is expected to debut.
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