Happy Friendship Day 2024 Images: Friendship Day, celebrated on August 4, 2024, in India, is a time to appreciate friends. Globally, this special day is observed on various dates, such as the first Sunday of August in the US and July 20 in South America. The article provides a collection of greetings, messages, and wishes to share on this occasion.
Meta negotiated with actors like Awkwafina and Judi Dench to use their voices for its AI assistant, MetaAI. These voices could be integrated into platforms like Facebook and Instagram. The deals are part of Meta's push into AI, with contracts potentially involving millions in payments to celebrities, amidst increased AI investment.
Indian Prime Minister Narendra Modi highlighted that India, a food surplus country, is actively working on global food security solutions at the 32nd International Association of Agricultural Economists' inauguration. He emphasized the promotion of chemical-free natural farming and noted that India's agricultural traditions and scientific approaches are ancient and deeply rooted.
Ola Electric, supported by government incentives and a scalable business model, is poised to capitalise on India's growing electric vehicle market and expand globally. Despite facing profitability issues and valuation concerns, analysts suggest a "subscribe" rating for risk-tolerant investors with a long-term perspective.
The Indian men's hockey team bounced back in the men's competition with a 3-2 win over Australia in their last Pool B match on Friday. It is their first victory against Australia in the Olympics since 1972 Munich games. India bounced back from a 1-2 loss to the defending champions, Belgium, in their previous game.
State Bank of India, India's largest public sector bank, is expected to report a slight decrease in profits for the first quarter of 2024 due to increased provisions, despite a projected 10% growth in net interest income.
The Sri Lankan Navy transferred two detained Indian fishermen and the remains of a deceased fisherman to the Indian Navy near the International Maritime Boundary Line. The incident followed a collision between their fishing boat and a Sri Lankan Navy ship, resulting in the boat capsizing and one fisherman lost at sea.
In Manipur's Jiribam, fresh tensions erupted after shots were fired and an abandoned house was torched, despite a recent peace agreement between Meitei and Hmar communities. Armed men used security gaps to carry out the attack. Swift measures were taken by security forces. A meeting was held previously to restore normalcy.
Given the way global markets have panned out and how the geopolitical developments are shaping up, one cannot rule out the probability that for some more trading sessions the market might stay in a volatile mode. Now there are two things one can do in this volatile market, either worry and make assumptions and go by the narrative of correction that is bound to pour if the corrections get stronger. Second thing which can be done is ignore these short term noises which have come in the past and will come in future also. Читать дальше...
Friendship Day 2024: First celebrated in 1958, Friendship Day falls on the first Sunday of August in many countries. Introduced by Joyce Hall, it recognizes the importance of friendships. The United Nations later designated July 30 as International Friendship Day, emphasizing the significant role friends play in fostering peace and mutual understanding among diverse backgrounds.
Wall Street faced turbulence as apprehensions rose over high-interest rates affecting U.S. growth. Recent data revealed slowed job growth and higher unemployment in July, sparking market selloffs. There are concerns that elevated borrowing costs are harming the economy, compounded by lackluster corporate earnings and heightened market volatility.
Unexpectedly weak U.S. employment data for July triggered recession concerns, leading to a sell-off in stocks and a surge in safe-haven bonds. The unemployment rate rose to 4.3%, and job growth slowed significantly. Investors reacted to these signs of economic vulnerability amid disappointing earnings from major tech companies like Amazon and Intel.
The U.S. dollar reached a four-month low after weaker job data for July raised expectations of a significant Federal Reserve rate cut in September. Job additions were below forecasts, causing the unemployment rate to rise. Market sentiment has shifted, anticipating substantial rate cuts by year-end, leading to declines in both Treasury yields and the dollar index.
Oil prices dropped on Friday to their lowest levels since January after the U.S. reported slower job growth and China released weak economic data. Brent crude fell to $76.81, and U.S. West Texas Intermediate to $73.52. The decline was fueled by concerns over global economic recovery and increased OPEC oil output.
Hong Kong and Shanghai Banking Corp saw a 4% increase in profit from its Indian operations during the first half of 2024, with earnings reaching $798 million. The global banking & markets division contributed $436 million, while the commercial banking sector brought in $224 million, both marking a 7% growth from the previous year.
Friday saw a retreat in gold prices following a profit-taking session after a 1% jump earlier in the day, spurred by weak U.S. jobs data and anticipated rate cuts. Despite the drop, gold recorded a 1.8% weekly gain due to rising safe-haven demand and expectations of interest rate cuts by the Federal Reserve.
On Sunday, Karan Virwani, Director of WeWork India, the then Director of EEPL, was stopped at the Kempegowda International Airport in Bengaluru while travelling to the USA owing to a look out circular (LOC) issued against him on the request of the Mumbai Police. He however was allowed to travel after he moved the Karnataka High Court seeking permission to travel due to unavoidable nature of the business commitment.
The Pentagon disclosed plans to deploy more fighter jets and Navy warships to the Middle East, enhancing defenses against Iranian threats. This decision came after the killing of Hamas leader Ismail Haniyeh and escalating violence in the region. The U.S. aims to bolster force protection and support Israel's defense in response to these tensions.
New movies are released on OTT streaming giants such as Apple TV+, Peacock, and others.
Foreign investments in Indian government securities have surged past $9 billion in the first seven months of 2023, outperforming the whole of last year. This trend is driven by the inclusion of Indian bonds in the JP Morgan index and positive global sentiments due to anticipated US rate cuts and declining US bond yields.
India's pistol ace Manu Bhaker is poised to secure an unprecedented third successive Olympic medal. After finishing second in the 25m sports pistol qualifications with a score of 590, Bhaker, the reigning world champion in the category, is a top contender. She has already earned bronze in the 10m air pistol and 10m air pistol mixed team events, showcasing her exceptional skill and consistency.
Advent International planned to bring Manjushree Technopack Ltd, India's largest rigid plastic packaging provider, to the capital markets. The IPO follows the firm's unsuccessful attempt to sell the company due to high plastic segment exposure. Since acquiring Manjushree in 2018, Advent has significantly broadened the company's client base and product offerings.
Investors in FirstCry, Ola Electric, and Unicommerce experienced substantial gains when these startups went public. Early stakeholders, including SoftBank and Mahindra & Mahindra, saw returns between three and ten times their original investments. However, late investors in FirstCry and Ola Electric faced notional losses due to lower-than-expected IPO valuations.
