The investment, which is expected to include an AI university and data centre in the park, has the potential to create 5,000 jobs in the next five years, the ministry said in a statement.
In the 47th annual general meeting of RIL, the investors will watch out for timelines, targets, new partnerships and other announcements regarding the conglomerate's diversified business that sprawls across oil and petrochemicals, telecom, retail, new energy and finance.
More stocks are getting back their momentum as market breadth stays positive.
Brazil's Supreme Court Justice Alexandre de Moraes has ordered Elon Musk to appoint a legal representative for his messaging platform X in Brazil within 24 hours or face a suspension. This follows X's earlier decision to close its operations in Brazil, citing censorship orders from Moraes. The court posted its decision on X's account.
So, commodity as a space, including chemical commodity, we find that probably the better times going forward. From the pipeline, I think the expensive inventory is also out and as a result of which some of these companies are looking relatively better placed on the margin front for FY25.
Abhishek Basumallick of Intelsense Capital discusses the Indian market's health and sectoral prospects. With a focus on IT, chemicals, pharma, auto, and manufacturing sectors, he anticipates steady growth over the next decade. He advises caution as valuations remain high but sees opportunities in new IPOs and rural consumption trends improving.
Indian athletes are geared up for a competitive day at the Paris 2024 Paralympics, with various events in para badminton, para taekwondo, para cycling, and para archery. Matches kick off at 12:00 PM IST, featuring prominent athletes like Palak Kohli, Suhas Yathiraj, and Aruna Singh Tanwar. The action-packed day concludes with events starting as late as 10:50 PM IST.
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Wall Street brokers and analysts are currently in a major dilemma as 'Trump trades' are going down while Kamala Harris' entry in the polls sees a few stocks showing a skyrocketing trend. What could be the trend of the US stock markets as the US poll race intensifies?
Canada has announced a 100% duty on Chinese-made electric vehicles, impacting companies like Tesla. The move follows the United States' lead and targets China's state-directed policy of over-capacity. Tesla had earlier requested a lower tariff similar to the EU's, but Canada has not adjusted its stance. Other automakers are assessing the impact.
With inflation lowering and unemployment rising more than anticipated, Federal Reserve Bank of Atlanta President Raphael Bostic indicated it might be time for rate cuts. However, he emphasized the need for confirmation from upcoming jobs and inflation reports due before their September meeting to avoid the need to reverse decisions.
Republican candidate Donald Trump reposted a lewd remark about Vice-President Kamala Harris, referencing her past association with Mayor Willie Brown. This follows a pattern of sexist and racist attacks against Harris. Trump has previously used offensive terms to describe Harris and suggested she downplayed her Black heritage.
These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on August 28.
The funding round is expected to be led by venture capital firm Thrive Capital, which is poised to invest approximately $1 billion, the report said, citing people familiar with the matter.
Donald Trump's campaign criticized Vice-President Kamala Harris ahead of her first joint interview with Tim Walz, suggesting she is afraid to interview alone. They claimed the interview's timing was intended to be unnoticed. The Trump War Room also challenged CNN’s Dana Bash to ask Harris 10 critical questions.
Telegram boss Pavel Durov has been placed under formal investigation by a French judge over allegations of organized crime on the messaging app. Durov, who holds French, Russian, and UAE passports, has been accused of facilitating illicit activities on Telegram. He has been granted bail with specific conditions, including reporting to police twice a week.
Kamala Harris and her running mate Tim Walz, for the very first time, will be appearing for a joint interview in public, for the entire world to see. The interview, which will be on CNN on Thursday, is expected to be a mind-blowing one as social issues to social media trends, everything can be on the platter for the Presidential candidates to talk about.
Analysts at Nuvama said, “Management forecasts India’s share of global ER&D (engineering and research and development) outsourcing market would expand at a CAGR (compound annual growth rate) of 17–22% over 2023–30. They anticipate global ER&D spend to touch $540 billion in the auto segment, $280 billion in transport & off-highway and $120 billion in aerospace & rail by 2030.”
