Mutual funds focused on pharma and healthcare sectors outperformed in August, delivering an average return of 4.75%. The WOC Pharma and Healthcare Fund led the category. Experts suggest investing via SIP mode with a 25% allocation to maintain a balanced portfolio. Positive outlook remains for the sector.
Currently, data centers account for about 1%-1.3% of global electricity consumption, versus crypto mining's roughly 0.4%, according to the International Energy Agency. That disparity is expected to grow. Analysts expect 20% of bitcoin miner power capacity to pivot to AI by the end of 2027.
The Election Commission has notified the filing of nomination papers for the second phase of elections in Jammu and Kashmir, starting from September 25. The last date to file nominations is September 5, with scrutiny on September 6. Voting will take place from 7.00 A.M. to 06.00 P.M., and counting will be on October 4.
Google is considering building a large data centre near Ho Chi Minh City in Vietnam. This would be the first major investment of its kind by a big U.S. tech company in the country. The data centre could be ready by 2027, driven by growing demand for digital services and Vietnam's expanding digital economy.
Dinshaw Irani, CEO of Helios MF, shares insights on the Indian stock market, focusing on the re-rating of India's PEs and the potential in the IT sector. Helios emerged positive on IT after TCS' results in July-end, noting growth opportunities compared to FMCG. Concerns were raised about the valuations and growth in other sectors.
Gold, a traditional symbol of wealth and prosperity in India, has long been a popular investment choice. The recent changes in capital gains tax rules introduced in Budget 2024 have significant implications for those who invest in gold. We delve into the new short-term and long-term capital gains tax rules and their impact on various gold investment avenues, including physical gold, gold bonds, gold mutual funds and gold ETFs.
The United States has expressed concerns about linking domestic fast payment systems like India's UPI for faster global transactions. Federal Reserve's Christopher J. Waller mentioned the trade-offs and increased risk management burdens such interlinking could cause for banks.
The Supreme Court announced plans to appoint a special prosecutor for the 2015 cash-for-vote scam case involving Telangana Chief Minister A Revanth Reddy. The decision comes amid concerns about a fair trial, given that Reddy holds the most crucial seat in the state. The case involves alleged bribery during the state legislative council elections.
A total of 3,581 shares changed hands on the counter till 12:02PM (IST)
The logistics sector is expected to see a 50% year-over-year increase in apprenticeship headcount over the next three years, says the study.
Shah Rukh Khan on Hurun Rich list 2024: Bollywood superstar Shah Rukh Khan has debuted on the 2024 Hurun India Rich List with an estimated wealth of Rs 7,300 crore. At 58, his financial success stems from stakes in Kolkata Knight Riders and Red Chillies Entertainment, indicating his substantial achievements beyond acting.
BJP spokesperson Shehzad Poonawala has criticized West Bengal CM Mamata Banerjee, accusing her of insulting protestors and doctors. Poonawala claims Banerjee prioritizes revenge over justice, creating unrest in Bengal. He questions whether other leaders will address Banerjee's controversial statements about burning several Indian states.
A total of 500,938 shares changed hands on the counter till 11:56AM (IST).
Hurun India Rich List 2024: With a wealth of Rs 11.6 lakh cr, Gautam Adani (62) and family replaced Mukesh Ambani and clinched the no.1 spot in the 2024 Hurun India rich list. The report says India minted a new billionaire every 5 days last year.
Congress President Mallikarjun Kharge criticized the Modi government for lacking efforts in ensuring women's safety. He emphasized the need for equal rights and serious reforms to prevent crimes against women, and questioned the implementation of current laws and recommendations made for women's safety in India.
A total of 3,778 shares changed hands on the counter till 11:52AM (IST)
A single bottlenose dolphin has been linked to 18 recent attacks on swimmers in Mihama, Japan. Local authorities caution that the dolphin's powerful behavior, possibly due to sexual frustration or play-biting, has caused serious injuries. Experts suggest social isolation or a negative past experience could be contributing to the aggression.
On the technical charts, the 200-day moving average of the stock stood at Rs 231.26.
Delhi High Court on Thursday granted time to ex-BJP MP Brij Bhushan Sharan Singh to file note on contentions seeking quashing of FIR and charges framed against him in sexual harassment case lodged by several women wrestlers.
Elon Musk's AI startup xAI is criticized for using natural gas turbines at its Memphis data center without necessary permits, potentially worsening the city's air quality. Complaints have reached the Environmental Protection Agency and local health officials. The Southern Environmental Law Center demands action as xAI's facility advances its AI technology.
High Commissioner of India to Sri Lanka, Santosh Jha on Thursday handed over the first payment for Hybrid Power Projects aimed at addressing energy needs in Delft, Nainativu and Analaitivu islands, the Indian Embassy in Sri Lanka said in a statement.
A total of 1,221 shares changed hands on the counter till 11:42AM (IST)
Euronics capitalised on the IT office construction boom in the early 2000s and is now benefitting from the government's infrastructure push with their washroom automation products.
The ruling LDF in Kerala has supported CPI(M) MLA M Mukesh, booked in a rape case, arguing two Congress legislators accused of sexual assault should resign first. LDF convener E P Jayarajan assured that neither the party nor the government will protect wrongdoers. Ministers await the probe outcome before further action towards Mukesh.
