Automaker Stellantis India on Tuesday said it will hike prices across all models of the Citroen brand and for the Compass and Meridian models under the Jeep brand by 0.5 per cent from April 30, 2024, citing escalating input costs and operational expenses. This price increase will result in an increment ranging from Rs 4,000 to Rs 17,000 across the models, the company said in a statement.
Open FlipJust about everyone agrees that the no-brainer cryptocurrency to buy right now is Bitcoin. Not only is Bitcoin getting a huge lift from the recent introduction of the new spot Bitcoin ETFs, there's also the halving. Previous Bitcoin halving cycles have led to huge, once-in-a-lifetime gains for top altcoins as well. With that in mind, the one altcoin to have on radar right now is Solana.
Open FlipSensing a multi-decadal opportunity for the private companies in the healthcare segment, domestic brokerage firm Anand Rathi has initiated coverage on 6 hospital stocks.The firm has suggested a ‘buy’ rating for Max Healthcare, Rainbow Children’s Medicare, Krishna Institute of Medical Sciences (KIMS), and Jupiter Life-Line Hospitals and a ‘hold’ rating
Open FlipAmara Raja Energy share price rallied over 12% to a fresh 52-week high of ₹1,167.55 apiece on the BSE, extending rally for the fifth consecutive session.Amara Raja Energy shares have seen a sharp uptrend recently as the stock has jumped 48% in one month and more than 93% in the past one year.On Tuesday, Amara Raja Energy & Mobility share price opened higher at ₹1,045.25 apiece.
Open FlipApple's smartphone sales declined by 19.1% in the first quarter of 2024, while rival Huawei's grew by 69.1%, signaling an increasing threat to the U.S. firm's dominance in the high-end segment of the world's largest smartphone market. Apple's China smartphone market share fell to 15.7% in the fist three months of the year from 19.7% in the first quarter of 2023, according to Counterpoint Research.
Open FlipUS-based Jane Street Group's lawsuit against its two former employees is grabbing eyeballs as the courtroom drama over an Indian options strategy that allegedly made $1 billion for the Group is inviting attention all and sundry towards one of the world's fastest-growing derivatives markets. Jane Street is fighting a case against two former employees and Millennium Management.
Open FlipShares of Verizon Communications (NYSE: VZ) started Monday, April 22, on a low note. Investors responded to its first-quarter earnings report by pushing the stock about 3% lower in response to lackluster results.As a well-established telecommunications provider, Verizon isn't growing very fast, but it is reliable. The company has raised its dividend payout for 17 consecutive years.
Open FlipIndia leads globally in adopting GenAI technologies as a vast percentage of organisations incorporate GenAI in operations, and a majority of the populace expects increased investments and budget allocations towards Gen AI in the next 2-3 years, according to a recent report. Search analytics firm Elastic on Monday released the Generative AI Report that gathered insights from 3,200 IT decision.
Open FlipDomestic auto parts industry has outlined a capital expenditure (capex) of Rs. 25,000 crore for EV components in the next three-four years for capacity building, technology and product enhancements, said ratings agency ICRA. The ratings agency projects the Indian electric two-wheeler component market potential to exceed Rs 1 lakh crore by 2030, while the e-passenger vehicle (e-PV) component.
Open FlipCircuit-to-circuit stock: Shares of AA Plus Tradelink are one of the multibagger stocks that the Indian stock market has delivered in one year. In this period, AA Plus Tradelink share price has ascended nearly 160%. However, it seems that the BSE SME stock is still having some upside potential. The multibagger penny stock has been hitting the upper circuit for the last three sessions in a row.
Open FlipBond investors confronting a painful run-up in yields in the past month may soon find relief from ebbing inflation and the Federal Reserve, according to BlackRock Inc.’s Rick Rieder. The asset manager’s chief investment officer of global fixed income told Bloomberg Television that he envisions the Fed being able to lower interest rates twice this year as inflation moderates in the months ahead.
Open FlipAther Energy is reportedly in the final stages of securing $75-$90 Mn (approximately INR 750 Cr) in primary funding from its existing investors. An existing investor might lead the upcoming funding round, potentially valuing Ather Energy at anywhere between $850 Mn and $1 Bn. Existing investor Sachin Bansal, has divested a significant portion of his shares to Nikhil Kamath.
Open FlipPE firm General Atlantic has initiated talks with investment banks for an IPO of its portfolio company Rubicon Research Pvt Ltd, in which it holds a majority stake, sources aware of the discussions told Moneycontrol. General Atlantic acquired a 58% stake in Rubicon Research in 2019. Rubicon Research reported a revenue of Rs 580.8 crore in the nine-month period ended December 31, 2023.
Open FlipRazorpay said in a statement that its ‘UPI Switch’ is designed to handle up to 10,000 transactions per second (TPS) at any given time. The fintech major cliamed that its ‘UPI Switch’ excels in dispute resolution, resolving issues 7X faster, within 24 hours compared to the industry average of seven day. It also cliamed that its switch offering can process refunds instantly.
Open FlipMeitY Startup Hub Investor Connect Programme was held at Amity Innovation Incubator in Delhi NCR on April 10, 2024. Ten startups solving unique real-life problems pitched to over 20 investors at the event. The programme, organised by MSH and supported by Amity Innovation Incubator and Inc42, saw startups from sectors like fintech, edtech, AI, analytics, and agritech showcase their products.
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