Japan's Nikkei share average fell on Friday for a fourth straight session ahead of the release of the key U.S. non-farm payrolls, while a stronger yen weighed on sentiment.
Muhammad Yunus, head of Bangladesh's interim government, calls for a revival of the South Asian Association for Regional Cooperation (SAARC). He emphasizes that the eight-member bloc can address many regional issues and plans to meet Indian Prime Minister Narendra Modi during the UN General Assembly session to discuss this initiative.
On Friday, blue-chip cryptocurrencies Bitcoin and Ethereum fell as investors anticipated a critical U.S. jobs report that could impact the Federal Reserve’s decision on interest rate cuts.
The stock traded at a P/E multiple of 13.0, while the price-to-book value ratio stood at 1.55.
Ancient mummies, known as the 'Saltmen,' have been discovered in Iran's Chehrabad salt mine. These naturally preserved bodies date back to various periods, with the oldest from 9550 BCE. The well-preserved corpses, including a 16-year-old boy, were likely miners who died in collapses or accidents, offering insights into ancient life and health.
Investment Analyst Vikash Kumar Jain from CLSA predicts four rate cuts by the US Fed in the remaining three meetings this year. He advises long-term investors to consider buying dips in the Indian market, emphasizing India's strong fundamentals. He also highlights potential opportunities in non-expensive rate-sensitive sectors. Further, post elections, all the sectors that are not seen as Modi sectors are the ones that are leading the pack.
The Hyderabad Excise Department has seized an ice cream parlour in Jubilee Hills for selling whiskey-laced ice cream and arrested several individuals involved. The parlour, operated by Sharath Chandra Reddy, was mixing whiskey into the ice cream and selling it at high prices. Further investigation is underway.
The Multilateral Investment Guarantee Agency (MIGA) and the International Solar Alliance (ISA) have launched a fund to support solar projects. The MIGA-ISA Solar Facility will offer concessional financing tools to improve project bankability and lower costs. Initially focusing on Sub-Saharan Africa, the facility aims to expand globally, mobilizing private capital for solar energy projects.
Sachin Tendulkar revealed in his autobiography that he battled an upset stomach during the 2003 ICC World Cup match against Sri Lanka. Despite the discomfort, he scored 97 runs, helping India secure a significant victory. His performance was crucial, although Javagal Srinath received the Man of the Match award for his bowling.
Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.
Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.58 per cent and 5.53 per cent, respectively.
The Rajasthan government has conducted a major administrative reshuffle, transferring over 100 IAS officers. Key changes include new postings for the divisional commissioners of Jaipur and Banswara, and collectors of 13 districts. Some senior officials have retained their positions, while others have been reassigned to different departments.
The PIL seeking a ban on Netflix's series 'IC 814 The Kandahar Hijack' has been withdrawn from the Delhi High Court. The petitioner, Surjit Singh Yadav, cited concerns over the misrepresentation of terrorists' identities. Netflix has added a disclaimer to clarify the real names, addressing the issues raised.
The Fed chief's dovish message and the onset of a rate-cutting cycle are expected to support rate cuts by India's Monetary Policy Committee. In fact, two independent MPC members had already advocated strongly for rate reductions during the August monetary policy meeting. As a result, the case for cutting rates will likely gain momentum. India's CPI inflation fell to 3.54% in July, comfortably within the RBI’s 4% inflation target.
A popular 90s actor has revealed that a well-known Tamil director groomed her as a sex slave. She detailed the mental, physical, and sexual abuse she endured starting at age 18 during her debut film. The actor plans to disclose the director's name to a special investigation team in Kerala.
On the technical charts, the RSI of the stock stood at 37.47.
A tumble in the chipmaker's shares shaved $279 billion off Nvidia's market capitalization on Tuesday, the single largest one-day decline in market value on record for a U.S. company. The stock was rebounding on Wednesday, rising 1% in late morning trading.
The International Solar Festival 2024 in New Delhi showcases a solar-powered city, virtual-reality experiences, and innovative solar technologies. Highlights include a virtual flipbook of global case studies, a Solar interface, and immersive zones like Solaris. The event also features products such as solar pumps and battery-operated devices, attracting students and visitors interested in sustainable energy solutions.
As of 30-Jun-2024, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.91 per cent.
Gisele Pelicot testified against her husband Dominique, accused of drugging her and arranging for strangers to assault her. The court heard shocking details, including one attacker being HIV positive. Evidence revealed Dominique invited strangers to their home for these assaults, leading to his arrest in 2020.
