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US Presidential Election 2024: Michelle Obama ahead of Trump in a survey; will she represent the Democrats in the upcoming election?
A survey has found that former First Lady Michelle Obama has greater support than Donald Trump. As the Democrats are seeking to replace Joe Biden, will she receive an official presidential nomination? She has said that she is not interested in electoral politics and has extended her support to Biden. However, she has also expressed her concerns regarding Trump’s return to the White House.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
TDP-linked stocks soar up to 32% in 2 days after strong election performance
TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.
Godrej Properties sells 5% in Godrej Green Homes to Godrej Fund Management
Godrej Properties sells 5% equity stake in Godrej Green Homes to Godrej Fund Management and Investment Advisors for Rs 46.70 crore.
Kingmaker! These TDP-related stocks soar up to 20% after strong assembly, Lok Sabha show
Heritage Foods soared 20%, while Amara Raja soared nearly 13% as both companies have TDP connections. Amara Raja's Managing Director Jay Dev Galla was a former MP from the party, while Heritage Foods was promoted by Nara Lokesh, son of party chief Chandra Babu Naidu.
Top Nifty50 stocks analysts suggest buying this week
The latest Stock Reports Plus report dated June 2, 2024, highlighted Nifty50 stocks with 'Strong Buy/Buy' recommendations. The report evaluates key components of listed stocks to generate standardized scores for actionable insights.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
Beyond elections, track these 6 factors also to understand Nifty movement this week
Investors would react to not just the exit poll predictions but also India's Q4 GDP numbers which, at 7.8%, was much higher than the Street estimates. Global markets will likely react to the outcome of the PCE data in the US, the Fed's preferred gauge of inflation.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Weekly Midcap Top Picks: These midcap stocks scored 10 on 10 on SR plus.
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus report on May 19, 2024 features 'Strong Buy/Buy' recommendations for Nifty50 stocks using IBES. It evaluates earnings surprises, estimate revisions, and 5 key components via Refinitiv.
New Taiwan president Lai hails 'glorious' democracy
Taiwan President Lai Ching-te has hailed the arrival of a "glorious era" for Taiwan's democracy and called on China to cease political and military intimidation. In an inauguration speech, Lai thanked citizens for refusing to be swayed by external forces and urged them to demonstrate their resolution to defend their nation. Lai has been described by Beijing as a "dangerous separatist" for his past comments on Taiwan's independence, but has since moderated his rhetoric.
Nestle India shareholders vote against increase in royalty to Swiss parent
Shareholders of Nestle India Ltd have turned down the company's proposal to raise the royalty payout to its Swiss parent. The resolution did not pass, with 57% of its shareholders voting against the plan, the packaged foods maker said in a stock exchange filing on Friday. The proposal was to increase the royalty by 0.15% of sales for each year over a duration of five years.
Nestle India shareholders vote against increase in royalty to Swiss parent
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs
Rising childbirth costs in India drive a surge in demand for maternity insurance, growing at 80% annually. PolicyBazaar data reveals 78% of policies are bought by men. Insurers see these policies as customer magnets despite expected claims. Factors like urbanization and increased C-sections contribute to the trend. Reliance General Insurance reports a 21.5% increase in C-section deliveries since 2016.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Lok Sabha Polls 2024: Party merchandise sizzles online as election fervour builds
Political fervor in India has led to a surge in e-commerce sales of merchandise featuring logos and symbols of various political parties. Products range from flags to pendants to pens, catering to supporters of different ideologies. Platforms like NaMo offer items with slogans supporting Prime Minister Modi, while regional parties like the Samajwadi Party and TMC also have merchandise available. Sellers have adapted to the online trend, with a shift from physical shops to online retail. This trend reflects the evolving landscape of political engagement as India approaches the Lok Sabha elections.
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