Americans are voting today in a tight presidential race between Democrat Kamala Harris and Republican Donald Trump. Over 70 million have already voted, with key issues including immigration, climate change, and the Israel-Palestine conflict. Polls show a near tie, making the outcome uncertain. Indian-Americans, a growing voting bloc, are closely watching the election.
Elon Musk's promotion of election misinformation on X is raising concerns as the US election approaches. A new report reveals that his misleading posts have garnered 2 billion views, potentially influencing voters in key battleground states like Pennsylvania, where false claims of voter fraud are circulating.
Embassy Office Parks REIT's CEO, Aravind Maiya, has stepped down following a SEBI order related to his previous role at Coffee Day Enterprises. Maiya will transition to Head of Strategy. Embassy REIT emphasizes its commitment to governance and assures investors of continued stability and growth.
Titan is set to release its July-September 2024 quarter results, with analysts predicting a potential 27% drop in net profit due to inventory losses from customs duty cuts. However, sales are expected to rise by 3%, fueled by a strong 25% growth in the core jewelry segment.
Hindustan Unilever (HUL) and RailTel Corporation, along with eight other companies, have set November 6 as the record date for their recently announced dividends. Investors looking to receive these dividends must own shares by the end of the trading day on November 6.
IRCTC reported a 4% rise in Q2 net profit to Rs 308 crore, driven by growth in catering and internet ticketing segments. Despite the profit increase, margins saw a slight dip. The company declared an interim dividend of Rs 4 per share. Following the results, IRCTC shares closed 2% lower on Monday.
2024 Election: At a campaign rally in Pittsburgh, Donald Trump pledged to impose 25% tariffs on goods from Mexico and China to combat fentanyl trafficking into the United States. He asserted that this measure would swiftly curb the drug flow and emphasized his commitment to stopping drugs from crossing the southern border.
Shalabh Shalli Kumar, US Industrialist and founder of the Republican Hindu Coalition, stated in an interview that if Donald Trump is re-elected, he would take strict action against Khalistani separatists. Kumar believes this would lead Canadian Prime Minister Justin Trudeau to soften his stance on the issue.
The US Elections 2024 are just a few hours away from commencement now with the entire country going to the polls. However, before the Presidential candidates gear up for their final exams, let's have a look at which candidate is ahead in terms of US election search trend on Google.
Oil prices dipped slightly on Tuesday as market participants awaited the results of the U.S. presidential election. The slight decline followed a surge of over 2% on Monday after OPEC+ postponed production increases. The decision eased supply concerns, which had been heightened by rising non-OPEC output and weak demand. Analysts predict prices will remain range-bound in the short term.
Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC's upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.
Gold prices held steady on Tuesday as investors awaited the outcome of the U.S. presidential election and the Federal Reserve's policy meeting. The U.S. presidential race remains tight, while the Fed is widely expected to cut interest rates. Gold is seen as a safe-haven asset during times of uncertainty.
The Ministry of Home Affairs has called for action against unauthorised use of personal data across various platforms. This and more in today’s ETtech Morning Dispatch.
Kamala Harris Presidential Election: Analysts believe if Vice President Kamala Harris wins the election, it will be attributed to a successful get-out-the-vote strategy, the potency of the abortion issue, and Trump's polarizing rhetoric. Harris's ability to present herself as a candidate of change, coupled with a significant gender gap in voter preference, also contributed to her potential victory.
Donald Trump, Presidential Election Results: Analysts say voters' dissatisfaction with the country's direction might lead to a Trump win. Trump successfully connected with voters' economic concerns, despite positive economic indicators. His focus on immigration and crime resonated with some voters. Trump's appeal among his base remained strong. His campaign strategy, including targeting transgender issues, might have influenced voters.
Virat Kohli, the legendary Indian cricketer, celebrated his 36th birthday on Tuesday. Kohli's career, spanning over 15 years, has been marked by impressive records and numerous awards, solidifying his place as one of the greatest cricketers of all time.
Some of the so-called "Trump trades" unwound after a recent poll showed Harris, the Democratic vice president, leading in Iowa, sparking a drop in the U.S. dollar, Treasury yields and bitcoin. Trump Media & Technology Group closed up 12.37%, bouncing back from early losses of nearly 6%.
Russia launched a Soyuz rocket carrying two Ionosfera-M satellites to monitor Earth's ionosphere. The rocket also carried 53 smaller satellites, including two Iranian satellites, Kowsar and Hodhod. The Ionosfera-M satellites will join two others planned for launch in 2025, creating a four-satellite system for monitoring the ionosphere at an altitude of 510 miles.
The short-term trend of Nifty continues to be down and one may expect more weakness in the short term. The next crucial lower support to be watched is around 23,500, which is the 200-day EMA. Any bounce back from here could find strong resistance around the 24,200 levels, said Nagaraj Shetti of HDFC Securities.
Capital markets regulator Sebi on Monday directed Embassy Office Parks Management Services, the manager of Embassy REIT, to suspend its CEO Aravind Maiya.
