Virgin Galactic reported an alignment pin detachment from its VMS Eve carrier jet during post-flight reviews and notified the FAA. The company stated that the issue did not pose a danger to the crew or vehicles, and the flight was deemed safe and successful. Further updates will be provided after a review is completed.
Open FlipThere has been a significant rise in jobseekers from fintech company Paytm in the last 15 days, with over 6,000 active and accessible talent currently in the job market. This is believed to be a result of recent events such as AI automation leading to layoffs and RBI restrictions on Paytm Payment Bank. Employees are looking for job security and stability amidst uncertainty about the future.
Open Flip1. Indian stock market indices declined due to heavy selling in index heavyweights, pointing to increased volatility and investor apprehension. 2. Stocks of state-owned companies have surged past private peers, causing concern over a potential short-term shakeout and profit booking. 3. Paytm Payments Bank faced regulatory action for alleged regulatory and compliance lapses.
Open FlipExperts advise caution in the stock market, citing bearish candlestick patterns and upcoming events such as the Monetary Policy Committee meeting. The Nifty 50 and BSE Sensex both saw declines on February 5, while stocks like Cipla, Bharat Forge, and Redington India showed positive performance. These stocks may continue to perform well, with Cipla expected to reach levels of Rs 1,550.
Open FlipInterest rates are expected to fall as central banks, including the Reserve Bank of India, get ready to cut them. While bank fixed deposits may seem attractive, there have been instances of depositors facing issues with accessing their money. However, India's banking sector has improved since 2016-17 and according to recent data, the health of the sector is showing positive signs.
Open FlipAsian shares rose slightly on Tuesday, boosted by a rebound in Chinese markets and expectations of a ceasefire in the Middle East. However, investors were still cautious after Wall Street's decline and uncertainties about a Federal Reserve rate cut. China has taken steps to support its stock market, while the Australian central bank is expected to keep rates unchanged.
Open FlipDollar steady as traders await Fed decision and US jobs data. Markets predict a 46.6% chance of rate cuts in March, down from 73.4% a month ago. FOMC meeting may not be as dovish as expected, says analyst. Eurozone GDP data to be released, expecting weaker outlook than US. ECB members disagree on timing of potential rate cut. BOJ optimistic on investment outlook, but uncertain about wage gains.
Open FlipHDFC Bank clarified that the recent RBI approval for acquiring a stake in IndusInd Bank was for its Asset Management Company and Life Insurance arms, not HDFC Bank itself. The approval is valid for one year and allows HDFC Bank to hold up to 9.50% of IndusInd Bank's paid-up share capital or voting rights. It was emphasized that HDFC Bank as a promoter had to seek approvals from RBI.
Open FlipChinese regulator tightens trading restrictions to prevent market rout, following recent record low in CSI-300 index. Bank of Japan prepares to end negative interest rates and revamp monetary framework, while Softbank-backed Invitae files for bankruptcy amid $1.5 billion debt. Drug maker Novartis bids for cancer treatment company MorphoSys, and Yandex sells Russian assets.
Open FlipGIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here is all you need to know before the market opens. GIFT Nifty ended up by 22 points or 0.10% at 21,821.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 dropped 82.10 points or 0.38% to settle.
Open FlipOil prices were stable as U.S. Secretary of State Antony Blinken visited the Middle East to discuss a potential ceasefire in the Gaza region. Palestinians are hoping for a truce before a threatened Israeli attack. Meanwhile, the U.S. is still targeting Iran-backed Houthi fighters in Yemen and there were reports of drones attacking a Russian oil refinery.
Open FlipThe total number of jobs in Indian factories went up by 7 percent in 2021-22 to 1.72 crore, according to the statistics ministry's latest Annual Survey of Industries. This followed a 3.2 percent decline in 2020-21 - the year that was hit hardest by the coronavirus pandemic. "Due to Covid pandemic, there had been a marginal fall in employment in 2020-21 which was more than compensated.
Open FlipChina’s smallest stocks are flashing a warning about the potential downside for the world’s second-largest equity market if Beijing fails to follow through on a highly anticipated rescue campaign. While the country’s large-cap CSI 300 Index eked out a 0.7 percent gain on Monday after a renewed pledge from regulators to support the market, a gauge of small-cap shares sank more than 6 percent.
Open FlipOil prices remained steady as the U.S. Secretary of State visited the Middle East to discuss a ceasefire in the ongoing conflict. The potential truce is being negotiated by Qatari and Egyptian mediators but awaits a response from militants. Crude futures were down slightly, with the U.S. continuing airstrikes on Iran-backed Houthis and attacks on Russian oil facilities affecting exports.
Open FlipDespite market volatility and upcoming events, the number of demat accounts opened in January reached a record high of 46.84 lakh, surpassing the previous high set in December. Analysts remain optimistic about the long-term prospects of the Indian economy and believe that factors such as increased financial literacy and FOMO among new investors are driving the growth of demat accounts.
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