Intel expects to generate significant revenue from its contract chip manufacturing business by 2027. The company is in discussions with 12 potential customers, aiming for initial revenue in 2026. Intel is focusing on its advanced 18A manufacturing process and undergoing a turnaround plan, including staff cuts and business shedding.
Small cap schemes invest in very small companies or their stocks. According to the Sebi mandate, small cap schemes must invest in companies that are ranked below 250 in terms of market capitalisation. These schemes also will have to invest at least 65% in small cap stocks. Small companies go through many ups and downs - more than the established companies in the large and mid cap segments.
The World Trade Organisation has reported a recovery in global merchandise trade, with its goods barometer rising to 103 from 100.6 in March.
Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 439762.11 Crore) operating in Pharmaceuticals sector.
Sensex and Nifty50 traded higher on Thursday, driven by gains in Reliance Industries and banking stocks. Sensex rose by 185 points to 82,537, while Nifty50 increased by 56 points to 25,254. The previous session saw a sell-off due to weak U.S. economic data. Key gainers included UltraTech Cement, Tata Steel, and ICICI Bank.
Tech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing layoffs. Intel plans to reduce its workforce by 15%, while Cisco is shifting focus to AI and cybersecurity. IBM is discontinuing R&D in China. Other companies like Infineon, GoPro, Apple, Dell Technologies, ReshaMandi, Brave, and ShareChat also announced significant job cuts.
Shree Tirupati Balajee Agro Trading's IPO has opened today and closes on September 9. It includes a fresh equity sale of 1.47 crore shares and an OFS of up to 56.9 lakh shares. The offer reserves 50% for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Proceeds will be used for debt repayment, investments in subsidiaries, and working capital.
The Central Bureau of Investigation (CBI) has alleged that the Aam Aadmi Party benefited from illicit funds generated through a criminal conspiracy in the Excise Policy case. The CBI claims Arvind Kejriwal, as the National Convenor of AAP, is responsible. The funds were allegedly used for election expenses in the Goa Assembly Elections 2022.
Australia's centre-left government plans to introduce targeted AI rules with human intervention and transparency amid rapid AI tool adoption. Industry Minister Ed Husic announced 10 new voluntary guidelines and a consultation on making them mandatory in high-risk settings, emphasizing the need for protections against unintended consequences.
Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2024.
Prime Minister Narendra Modi emphasized Singapore's role as an inspiration for developing nations during his meeting with Singaporean counterpart Lawrence Wong. The ministerial roundtable between India and Singapore was highlighted as a significant mechanism for cooperation in various sectors, including digitalisation, advanced manufacturing, and cybersecurity. Modi's visit aims to strengthen bilateral ties further.
The SME IPO of My Mudra Fincorp has opened for subscription and closes on September 9. The company aims to raise around Rs 33 crore and list shares on the NSE SME platform. In the unlisted market, the shares are trading with a GMP of Rs 40, reflecting a 36% premium over the issue price.
India and Singapore signed four Memorandum of Understanding (MoU) in the fields of digital technologies, semiconductors, health cooperation and skill development, which will further strengthen the cooperation between the two nations.
Bharat Electronics Ltd. key Products/Revenue Segments include Electronic Components & Equipments, Sale of services, Other Operating Revenue, Scrap and Rent for the year ending 31-Mar-2024.
Azad Engineering Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 9276.60 Crore) operating in Engineering sector
When the closing price rises above the VWAP, it indicates that the closing price is higher than the average price at which the stock was traded throughout the day, with the average weighted by trading volume.
Solar Industries India Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 99905.09 Crore) operating in Chemicals sector.
The Nifty50 index opened lower on Wednesday but recovered more than half of its losses, indicating strong support around 25,000 levels. The index faces immediate resistance at 25,300 levels. Jay Thakkar from ICICI Securities suggests a Bear Put Ladder options strategy for potential gains within this range.
Signatureglobal (India) Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 20126.05 Crore) operating in Real Estate sector.
Nasa's Starliner capsule is set to undock from the ISS, landing in New Mexico after six hours. The capsule returns empty, leaving astronauts Butch Wilmore and Sunita Williams on the ISS until February. SpaceX will adjust its next mission to accommodate their return. The mission faced delays due to thruster issues and helium leaks.
JPMorgan has raised its target price for Zomato to Rs 340 from Rs 208, maintaining an overweight rating. Zomato is transforming retail with Quick Commerce and expanding in metros. The firm expects it to disrupt e-commerce, increasing forecasts for FY25-27 by 15-41%. Zomato is also expanding its "Going Out" business.
The Indian market is expected to consolidate on Thursday due to muted global cues. The Nifty future saw a decline of 0.41% on Wednesday, with India VIX rising by 3.86%. Experts suggest a broader trading range between 24,900 and 25,700 zones. Key stock recommendations include Apollo Tyres, Hindustan Unilever, and Apollo Hospitals.
Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 119196.12 Crore) operating in Consumer Durables sector.
