Apple Inc.'s recent struggles with tepid sales in China, political tensions and overheating products have prompted investors to worry about the company's ability to justify its expensive stock valuation and avoid consecutive quarters of falling revenue.Analysts suggest minimising exposure to Apple by investing in other tech stocks that offer more growth potential.

Prime Minister Narendra Modi will inaugurate the 17 km priority section of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Corridor on October 21. The project is in line with Modi's vision to transform regional connectivity with construction of new world-class transport infrastructure and is expected to reduce travel time from Delhi to Meerut under an hour.

The RBI announced a 14-day variable rate reverse repo auction for Rs. 50,000 crore on October 20 despite the condition of liquidity in the banking system being in deficit. The money market has been tight since September due to outflows and the I-CRR, whereby Banks were mandated to increase their NDTL by 10%.

IndusInd Bank (IIB) recently reported in-line performance, enhanced by strong loan growth and fee income. Credit costs remain elevated and the bank needs to boost deposit mobilization and provisioning buffer to optimize cost ratios. HDFC Securities' research report forecasts higher loan growth, yet maintains a Reduce with a TP of INR 1,280.

Netflix is faring better than expected despite the recent strikes by Hollywood's writers and actors, with an impressive 9 million increase in subscriptions over the past three months. The company capitalized on its global presence and filled gaps left by weaker media rivals to stay ahead of the curve. Netflix stock soared 14.5% and is projected to add $22B to its market capitalization.

LTIM delivered in-line revenue performance in Q2FY24 and reported positive trends in areas such as net employee adds and strong operating performance, despite headwinds from higher wages and furloughs. Valuations remain attractive with a PEG of 18% EPS CAGR over FY23-26E compared to large-cap IT's 10%. HDFC Securities maintains BUY rating and INR 5,890 TP based on 26x Sep-25E EPS.

Wall Street's main indexes had a modest increase at the open, with its largest gains coming from Tesla and Netflix kicking off US earnings season. Treasury yields dropped prior to remarks from Fed Chair Jerome Powell. The Dow gained 4.44 points (0.01%), the S&P 500 6.76 points (0.16%), and the Nasdaq 40.50 points (0.30%). Results of this increased activity will be seen in the near future.

sec.com Can Fin Homes reported 15% YoY loan growth, lower than guidance due to weak disbursals. NIMs improved to 3.8%, and asset quality remained steady. CANF absorbed a one-time provision which affected its PAT growth of 12%. HDFC Sec maintains Buy recommendation with revised TP of INR 910, advising users to seek qualified advice before investing.

Indian coal ministry expects coal dispatch to exceed one billion tonnes in the current fiscal year, according to a statement. The ministry has set a target to produce and dispatch 1,012 million tonnes of coal, and it anticipates that the second half of the year will see a higher rate of production and dispatch. In the previous fiscal year, 500 million tonnes of coal had been dispatched by 9 Nov.

The Reserve Bank of India's governor, Shaktikanta Das, highlighted the need to closely monitor onion production during a recent meeting. Onions have played a significant role in Indian politics, with their prices having the ability to influence public sentiment and even determine election outcomes. ndia is the second-largest onion-growing country globally.

Flipkart-owned online travel company Cleartrip saw its total loss for the fiscal year ended March 31 almost double from a year ago to hit Rs 676.6 crore, even as its income fell. Cleartrip reported a total income of Rs 96.7 crore in FY23, against Rs 117 crore in FY22, a decline of 17%, according to data from business intelligence firm Tofler.

The smartphone market in India recorded 43 million shipments in the quarter ended September 2023, with the market showing signs of a gradual recovery, despite a 3% on-year decline in shipments, as per a new report. Samsung maintained its top position in Q3 2023 with a market share of 18%, shipping 7.9 million units.

FPIs continued to offload Indian equities in the first-half of October, selling stocks worth 97.84 billion rupees ($1.17 billion) on a net basis, data from the National Securities Depository (NSDL) showed. FPIs had snapped a six-month buying streak in September.

Tata Group is weighing putting in $1 billion of fresh capital into its super app venture as the salt-to-software conglomerate seeks to improve the digital business, according to people familiar with the matter. The injection is on top of the $2 billion that Tata Group invested in the venture earlier this year, the people said, asking not to be identified discussing information that is private.

UltraTech Cement Ltd on Thursday reported a net profit of Rs 1,281 crore for the quarter ended September 2023. The profit was higher by 69% compared with Rs 756 crore in the same period last year. Revenue from operations during the second quarter rose 15% year-on-year (YoY) to Rs 16,012 crore. It was Rs 13,893 crore in the year-ago period.