Dev Accelerator (DevX), a leading managed office spaces provider plans to grow managed office spaces to 2 million sq.ft. in India and globally in the next two years
Tata Motors Share Price: The company's stock price dropped following its decision to reduce prices on its electric vehicles and popular cars by up to Rs 2.05 lakh, suggesting concerns about its growth potential. The decline was further exacerbated by a 'sell' rating and a target price of Rs 825 issued by global brokerage firm UBS.
Indian shares wavered in a volatile session on Wednesday, awaiting crucial U.S. inflation data that might impact the anticipated Federal Reserve interest rate cut next week. Despite the uncertainty, six Nifty50 stocks hit new 52-week highs today.
Researchers at the Indian Institute of Tropical Meteorology have discovered that climate factors similar to those affecting today's monsoons likely caused the collapse of the Indus Valley Civilization over 4,000 years ago. By analyzing ancient cave formations, they found that reduced solar radiation, El Niño, and other factors weakened the monsoon, leading to prolonged droughts.
Shares of Sona BLW Precision Forgings increased by 3.4% to a high of Rs 738.95 on the BSE following the company's announcement of a successful Rs 2,400 crore raise through a Qualified Institutional Placement (QIP) on Tuesday. The QIP, which took place from September 4 to September 9, involved issuing 3.48 crore equity shares to QIBs at an issue price of Rs 690 per share, including a premium of Rs 680 per share.
The initial public offering (IPO) of Western Carriers is set to open for subscription on September 13 and will close on September 18. The company aims to raise approximately Rs 493 crore through this public offer.
The UK government is expected to confirm a £500 million support package for Tata Steel’s Port Talbot plant. Business Secretary Jonathan Reynolds will announce the details in the House of Commons. The funding aims to save jobs as Tata Steel transitions to greener electric arc furnaces, which are less labor-intensive.
Bharat Biotech has partnered with Alopexx, Inc. to co-develop and commercialize the anti-microbial vaccine AV0328 in India and other low-income countries. The collaboration aims to address antimicrobial resistance through vaccination, with Alopexx receiving upfront and milestone payments, as well as royalties on future sales in licensed territories.
Uttar Pradesh Chief Minister Yogi Adityanath announced that the state's efforts in developing the electronic industry are paying off, with UP now producing over 55% of India's mobiles and 50% of mobile components. Speaking at SEMICON India 2024 in Noida, he highlighted initiatives like the UP Semiconductor Policy 2024 and the establishment of a big data centre hub.
The Federation of Automobile Dealers Associations (FADA) has appointed C S Vigneshwar as its President for the 2024-26 period. Vigneshwar, Managing Director of Anaamalais Toyota, has been a council member for 12 years. Other key appointments include Sai Giridhar as Vice President and Amar Jatin Sheth as Secretary.
Taylor Swift endorsed Kamala Harris and Tim Walz after Tuesday's presidential debate, countering AI-powered disinformation suggesting she supported Donald Trump. Swift's post on Instagram reached millions, combating misinformation effectively. Her move highlights the potential dangers of AI in politics and the importance of transparency.
The gaming industry in India is growing rapidly, offering numerous job opportunities for both freshers and mid-career professionals. With significant growth in employment and the number of gamers, the sector is poised for further expansion. Key roles include game development, marketing, and PR, with upskilling courses recommended for career advancement.
Ceat has inaugurated a new production line for truck and bus radial tyres at its Chennai plant. This expansion will gradually reach a capacity of 1,500 tyres daily over the next year, enhancing Ceat's ability to meet the demands of high-performance vehicles in both domestic and international markets, including Europe and the US.
The company uses conversational AI assistants and large language models like OpenAI's GPT, which powers ChatGPT, to generate personalized answers to queries based on a company's internal data.
Cryptocurrency prices declined on Wednesday, with Bitcoin, Ethereum, and Solana leading the drop, as investors awaited the U.S. consumer price index report. The data could influence future Federal Reserve policy moves, adding to current market volatility.
Aurobindo Pharma Ltd announced that its subsidiary, Eugia Steriles Private Limited, received its first product approval from the US FDA for Lidocaine Hydrochloride Injection. The new injectable facility in Andhra Pradesh was inspected by the FDA earlier this year. This approval marks a significant milestone for the company.
Honda Cars India has partnered with IIT Delhi to enhance its AI tool for safe driving. The collaboration aims to advance Honda's Cooperative Intelligence technology, focusing on reducing traffic collisions and enabling automated driving. Engineers from both entities will engage in joint research, utilizing cutting-edge AI technologies for future driver assistance and automated driving solutions.
Global tech giants reduced their business flight emissions by 49% in 2023 compared to 2019, but companies like Apple and Alphabet are lagging, risking a return to pre-pandemic levels. Only seven out of 26 major tech firms have set specific reduction targets, according to a report by Transport & Environment.
Let us say something or deposits maturing in, let us say, six to nine months and if you look at share of those deposits, probably private sector banks scores well here because they have slightly higher tenure of deposits which are maturing in the six to nine months and therefore, that can get repriced almost in a matter of two to three quarters which will help in lowering down the incremental cost of deposits.
The Government Dental College and Research Institute in Bengaluru is introducing digital dentistry techniques with the support of the Adani Foundation. This initiative, a first for a government hospital in Karnataka, includes advanced tools like intra-oral scanners and 3D printers. The new centre aims to make dental procedures more precise and efficient, benefiting both students and rural areas lacking high-end labs.
The stock quoted a 52-week high price of Rs 506.85 and low of Rs 207.85.
Oil prices rose over 1% on Wednesday, recovering some losses from the previous day. A drop in U.S. crude inventories and concerns about Hurricane Francine affecting U.S. output countered worries about weak global demand. Brent crude futures increased to $70.29 a barrel, while U.S. crude futures reached $66.86.
Shares of Astra Microwave Products climbed 4% to a daily high of Rs 910 on the BSE, while Premier Explosives saw a 5% increase, reaching a high of Rs 588. This rise follows the announcement that both companies have signed a memorandum of understanding (MoU) to collaborate on developing and marketing products together.
On the technical charts, the 200-day moving average of the stock stood at Rs 3772.9.
