The Indian stock market indices, Sensex and Nifty 50, are expected to open higher on Thursday amid mixed global cues.The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 22,135 level as compared to the Nifty futures’ previous close of 22,034.On Wednesday, Nifty slipped into sharp weakness from the new all-time high.
Open FlipJapan's semiconductor industry is experiencing growth as more Taiwanese chip companies expand into the country. This is driven by shifting alliances and efforts to reduce China's dominance in cutting-edge chips. Japan's supportive government policies and skilled labor force are also contributing factors. TSMC, the world's largest chipmaker, is investing over $20 billion in two new factories.
Open FlipShare Market News Today | Sensex, Nifty, Share Prices LIVE: GIFT Nifty traded up by 33.50 points or 0.15% at 22,081.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Shares in the Asia-Pacific region are trading in positive territory on Thursday morning. The Asia Dow is trading up by 0.10%, where as the Japan’s Nikkei 225 is trading in green
Open FlipFinancial freedom is a journey worth undertaking. Financial freedom is the ability to make decisions and live according to one's aspirations without financial constraints. To achieve this, one must have a good understanding of their finances and establish a safety net for emergencies. This can be achieved by clearly defining goals, monitoring income and expenses, and getting rid of high interest.
Open FlipThe IT services giant on Wednesday disclosed a new deal with US chipmaker, Intel Foundry. The deal with the chip development division of Intel will see Wipro engineers work on Intel’s latest ‘18A’ chip node that will be used in cutting-edge consumer electronics devices next year onward. In an exchange filing, Wipro said the deal will cater to chip designs for clients across automotive.
Open FlipMultinational materials conglomerate, Grasim Industries, is making a big splash in the paints industry with the launch of 'Birla Opus Paints'. Chairman Kumar Mangalam Birla will inaugurate three plants today, signalling a major investment of Rs 10,000 crore and a shake-up of the market. Competitors may see a dip in profits as they increase spending to compete with Grasim.
Open FlipGold and silver prices saw a decline in Wednesday trading, but they remain close to pre-Fed report levels. The Fed is hesitant to cut interest rates too soon due to concerns about rising inflation. Gold may rebound as bond prices rise, but its upside potential is limited due to a strong US economy and high inflation. In MCX, support is seen at 61000 with resistance at 62800-63000
Open FlipGoldman Sachs reports on top-performing stocks in Japan that could be equivalent to the Magnificent Seven of US equities. These include Toyota, Subaru, Mitsubishi, Screen Holdings, Advantest, Disco, and Tokyo Electron. However, the true representation of Japanese firms and their longevity may differ from these selections. Other standout companies include Nintendo, SoftBank Group, Keyence.
Open FlipExicom Tele-Systems Ltd, a manufacturer of electric vehicle chargers, is launching its IPO on February 27 with a price band of ₹135 to ₹142 per share. The IPO includes a fresh issue of equity shares totaling up to ₹329 crore and an Offer For Sale by promoter NextWave Communications. Investors can bid for a minimum of 100 equity shares and its multiples thereafter.
Open FlipThe Real Estate Regulatory Authority (RERA) in Gurugram has fined Yashvi Homes Pvt Ltd Rs 25 lakh for advertising their DDJAY project, Golden Gate Residency, with incorrect information and without proper registration details. The advertisement mentioned amenities that were not approved in the layout plan and demanded advance installments, which goes against RERA regulations.
Open FlipGoldman Sachs has given a 'neutral' rating on Paytm shares and reduced the target price due to potential loss of market share in the payments sector and a slowdown in lending. Revenue and profit estimates have been decreased, with analysts expecting a 21% decline in revenues for FY25. Despite recent positive developments, such as RBI extending the deadline for compliance.
Open FlipHero Future Energies, led by Rahul Munjal, is planning to raise $200 million through JP Morgan for a pre-IPO fundraising. The company has already raised $450 million from parent Hero Group and KKR, and plans to access public markets through an IPO in the next two to three years. Other major players in India's green energy deal market include Petronas, Macquarie Group, Enel Group, and ACME Group
Open FlipThe Spices Board India data shows that India's spices exports rose by 6.1% year-on-year to $2.68 billion during April-November, with coriander and chilli being the main drivers of growth. On the agricultural front, Gujarat has seen a decrease in sowing for the 2023-24 summer season, particularly in crops such as bajra and pulses, while the area under paddy and maize has increased.
Open FlipThe IPO of GPT Healthcare Ltd has opened for bidding in the Indian stock market at a price band of ₹177 to ₹186 per equity share. The company aims to raise 525.14 crores from its public offer, with plans to use most of the proceeds for debt repayment. While some experts recommend subscribing to the issue, others advise avoiding it due to concerns about the company's financial performance.
Open FlipA group of 600 homebuyers, along with activist Anjali Damania, are opposing builder Lalit Tekchandani's plea to quash FIRs filed against him for cheating and money laundering. The buyers have lost their investments due to the delayed housing project and plan to approach the Enforcement Directorate to attach his assets. The ED has already seized assets worth Rs 43 crore from Tekchandani.
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