Gold outperformed Nifty so far in 2024, but post-budget changes in import duties affected its price. Despite geopolitical uncertainties and central bank buying, investors are advised to focus on equities with some gold for portfolio stability.
Speaking at the Bitcoin 2024 convention in Nashville, Trump positioned himself as the pro-cryptocurrency candidate ahead of the Nov. 5 presidential election, saying he would make the U.S. the world's cryptocurrency leader and embrace friendlier regulations than likely Democratic nominee Vice President Kamala Harris.
Three mutual fund NFOs opened for subscription, featuring the SBI Innovative Opportunities Fund, Bajaj Finserv Large Cap Fund, and ICICI Prudential Nifty Metal ETF. The subscription windows are from late July to mid-August. Each scheme offers different investment categories with minimum investments ranging from Rs 500 to Rs 1,000, appealing to diverse investor profiles.
Amid a generally modest rise in the Sensex during the week ending July 26, five penny stocks saw significant gains. Comfort Intech and Khoobsurat, among others, surged over 10%. All identified stocks have market caps under Rs 1,000 crore and share prices below Rs 20.
The stock market showed strong recovery last week, buoyed by positive US GDP data. This week, factors such as the US Fed meeting, Q1 earnings reports, FII flows, and global economic data could influence market trends. Analysts believe Nifty might hit the 25,000 mark for the first time.
The British Sikh first-time MP was elected from Loughborough in the East Midlands region of England, considered a bellwether constituency which has reflected the national result in UK general elections over the years.
In northern California, the Park Fire escalated to over 350,000 acres, resulting in 134 destroyed structures and multiple evacuations. Efforts to combat the blaze benefited from cooler temperatures. President Biden has ensured federal support. A man was arrested for allegedly starting the fire. This fire is among many burning over 2 million acres nationwide.
Kamala Harris and Donald Trump intensified their campaigns, with Harris criticizing Trump's 'weird' rhetoric and focusing on her prosecutorial experience. Trump attacked Harris as a 'crazy liberal.' Harris' campaign gained momentum and funds following Biden's departure. Trump's rally addressed issues from public safety to immigration. Both candidates utilized these appearances to galvanize their respective bases.
Top retail chains like Reliance Retail, Shoppers Stop, and Spencer's are closing underperforming stores due to prolonged consumption slowdown. Reliance closed 249 stores, Spencer's exited North and South India. Companies are focusing on rationalizing networks and controlling costs to sustain operations amid weak demand and external challenges like heatwaves and elections.
As technology advances, the governance of AI must evolve accordingly. In alignment with the ‘India AI Mission’ and ‘Viksit Bharat 2047’, it is essential for the public and private sectors to collaborate in democratising access to AI skills. Empowering communities at the grassroots level with AI fluency can drive innovation on a large scale, ensuring that the benefits of AI are widely accessible and impactful.
A collection of government, private-sector and Olympic cybersecurity specialists have spent months preparing. The government’s agency, ANSSI, has identified 500 companies, organisations and facilities critical to the functioning of the Games, including local governments and operators in various sectors. They also have US allies alongside them.
UltraTech Cement was in advanced talks to buy a 28.42% stake in India Cements from N. Srinivasan, raising its total holdings to 51%. This `7,000 crore deal would trigger an open offer and significantly strengthen UltraTech's market share in southern India. N. Srinivasan's family has no interest in running the business after his retirement.
Prime Minister Modi urged states to target zero poverty and emphasized collaboration to make India developed by 2047. He proposed creating river grids and an investment-friendly charter to attract FDI. Modi also highlighted the importance of good governance, natural farming, demographic management, and youth skill development.
Indian companies, including JSW, Reliance, Adani, and Tata Steel, significantly increased their investments in the training of athletes for the Paris Olympics 2024. State-owned firms like NTPC and NMDC also contributed. The increased funding focuses on athlete development, infrastructure, and preparation camps. Investments rose by 30-40% compared to previous games, reflecting India's ambitious Olympic goals.
USA have bagged first gold medal in Paris Olympics 2024. Caeleb Dressel collected his eighth career Olympic gold medal and first in Paris.
A leading survey has found that the world’s oldest democracy may still not prefer to elect a woman as their president. Kamala Harris may be worried after reading the findings of this survey. Further, the decision by Joe Biden to step down may not be received well by the electorate who see this a political game in which a white American male presidential nominee has been replaced by a woman of color.
More than 10,000 athletes from more than 200 countries will compete in the Summer Olympics in Paris in 2024. The largest squad will be from the United States, with France, Australia, Germany, and Japan following closely behind. France is hosting the Games for the sixth time this year.
After Kamala Harris met Israeli Prime Minister Benjamin Netanyahu, former National Security Advisor John Bolton said that the Democratic Party’s special relationship with Israel had disappeared. He warned that a Harris administration would be completely different in U.S.-Israeli relations.
Astrologer Amy Tripp, known for her bold predictions regarding US President Joe Biden, has talked about who may win the US election 2024 and become the next President of the USA.
The Paris Olympic Games 2024 will be broadcast live on NBC and USA Network. It will also be available for streaming on Peacock and NBCOlympics.com. Know about the schedule of the games for Sunday, July 28.
