Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30
Tue, Apr 23, 2024 2:27 PM

Stellantis India to hike vehicle prices by up to Rs 17,000 from April 30

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 Flip
1 Top Cryptocurrency to Buy Now (Hint: It's Not Bitcoin)
Tue, Apr 23, 2024 2:26 PM

1 Top Cryptocurrency to Buy Now (Hint: It's Not Bitcoin)

Just 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 Flip
Anand Rathi initiates coverage on 6 hospital stocks with upside potential
Tue, Apr 23, 2024 2:21 PM

Anand Rathi initiates coverage on 6 hospital stocks with upside potential

Sensing 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 Flip
Amara Raja Energy share price rallies over 12% to a fresh 52-week high
Tue, Apr 23, 2024 2:21 PM

Amara Raja Energy share price rallies over 12% to a fresh 52-week high

Amara 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 Flip
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%
Tue, Apr 23, 2024 2:18 PM

Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%

Apple'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 Flip
D-Street options under spotlight on US trading firm's $1 billion strategy
Tue, Apr 23, 2024 2:16 PM

D-Street options under spotlight on US trading firm's $1 billion strategy

US-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 Flip
Is Verizon a Good Dividend Stock to Buy Now?
Tue, Apr 23, 2024 2:13 PM

Is Verizon a Good Dividend Stock to Buy Now?

Shares 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 Flip
India leads in GenAI adoption, investment trends likely to rise
Tue, Apr 23, 2024 2:10 PM

India leads in GenAI adoption, investment trends likely to rise

India 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 Flip
Capex for EV components to exceed Rs 25k crore in next 3-4 years: ICRA
Tue, Apr 23, 2024 2:09 PM

Capex for EV components to exceed Rs 25k crore in next 3-4 years: ICRA

Domestic 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 Flip
Multibagger penny stock hits upper circuit for third day in a row
Tue, Apr 23, 2024 2:08 PM

Multibagger penny stock hits upper circuit for third day in a row

Circuit-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 Flip
BlackRock’s Rieder Sees Scope for Two Fed Rate Cuts This Year
Tue, Apr 23, 2024 2:04 PM

BlackRock’s Rieder Sees Scope for Two Fed Rate Cuts This Year

Bond 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 Flip
Ather Energy In Talks For New Fundraise, Nikhil Kamath Buys a Part
Tue, Apr 23, 2024 2:03 PM

Ather Energy In Talks For New Fundraise, Nikhil Kamath Buys a Part

Ather 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 Flip
General Atlantic eyes stake sale in Rubicon Research through IPO
Tue, Apr 23, 2024 2:03 PM

General Atlantic eyes stake sale in Rubicon Research through IPO

PE 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 Flip
Razorpay, Airtel Payments Bank Roll Out ‘UPI Switch’
Tue, Apr 23, 2024 2:01 PM

Razorpay, Airtel Payments Bank Roll Out ‘UPI Switch’

Razorpay 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 Flip
MeitY Startup Hub Investor Connect Programme Brings Together 10 Startups
Tue, Apr 23, 2024 1:59 PM

MeitY Startup Hub Investor Connect Programme Brings Together 10 Startups

MeitY 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.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon