JK Tyre expects continued demand growth in the medium and long term, supported by a favourable economic environment and increasing car sales. The company plans to expand production capacity to meet this demand and is collaborating with rubber growers in the Northeast to reduce import dependence. In the third quarter of 2023, JK Tyre reported a significant increase in net profit and revenue.
Open FlipComing off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024. But will it be able to keep enough momentum to hit the highly anticipated $100,000 mark? Let's cut to the chase: The answer is yes. With a bit of math, it becomes easy to see how a six-figure Bitcoin is not only within the realm of possibility but almost a near certainty.
Open FlipSEBI is proposing to regulate API-based algo trading and has proposed 2 models along with norms. These include requiring brokers to get approval for their platforms, taking responsibility for security, and regulating algo platforms. SEBI has also directed the NSE to create a team of Performance Validation Agencies and will require strategy providers to clear an exam to provide services to clients.
Open FlipApple released its highly anticipated Apple Vision Pro VR/AR headset, powered by the same chip as their MacBook Air. It's unknown how successful the headset will be, but it shows Apple's dedication to investing in AI, VR/AR, and digital services. Despite challenges over the past year, Apple's strong brand and significant cash reserves make it a solid long-term investment.
Open FlipDogecoin Foundation has exciting plans for the future, including expanding GigaWallet's shopping cart integration and improving APIs and database options. The recently released libdogecoin 0.1.3 update brings new features and improvements, thanks to community suggestions. RadioDoge is also using innovative technologies to increase Dogecoin's reach in areas with limited internet.
Open FlipEnterprise Products Partners (EPD) has been a successful public company for 25 years, providing value to investors through consistent distribution increases and strong growth. The company's management is confident that the next 25 years will be just as rewarding, with continued growth in energy demand and new opportunities in lower-carbon sectors.
Open Fliphe S&P 500 recently hit an all-time high, confirming the arrival of a bull market. Investing in growth stocks, particularly those linked to the rapidly growing field of artificial intelligence (AI), is recommended for investors looking to benefit from this trend. Three stocks that are poised to thrive in the AI market are Amazon, Nvidia, and Palantir Technologies.
Open FlipDelhi-based Gold Plus Glass Industry is planning to raise funds through an initial public offering (IPO). The IPO includes a mix of fresh issuance of Rs 500 crore worth of equity shares and an offer-for-sale of 1.57 crore equity shares by promoters and investors. Promoters hold 70.44% stake, while public shareholders hold 29.56%. The company may also consider a pre-IPO placement of Rs 100 crore.
Open FlipPossible £2-billion sale of UK parcel delivery group Evri by Advent International, with Rothschild & Co. hired to explore options. Evri has tripled in size over past 5 years but faces challenges with return of high street shopping and Britons cutting consumption. Under current ownership, £120 million invested for growth plan. Net debt is now six times Evri’s underlying profits.
Open FlipExxonMobil (XOM) and Chevron (CVX) both reported strong fourth-quarter and full-year 2023 results on Feb. 2. While Chevron's rally outperformed Exxon's slump on that day, both stocks have performed well over the last three years, with Exxon up 115% and Chevron up 71.1%. With Brent crude oil prices expected to remain relatively stable at $82 per barrel in 2024 and $79 per barrel in 2025.
Open FlipTesla has lowered the prices of its Model Y cars in the US until February 29, with discounts of 2.3% and 2% for the rear-wheel drive and Long Range models respectively. Prices will increase by $1,000 or more on March 1. This follows a similar price reduction in Germany last month, after production was disrupted due to shipping issues caused by attacks in the Red Sea.
Open FlipSpot gold closed with a loss of 0.48% at $2025 Friday as the US yields chugged higher to close 0.47% up at 4.177%. Spot gold was down nearly 0.70% on the week. The ten-year US yields firmed up by around 3.70% on the weekly basis, whereas the two-year yields were up roughly 2% on the week as the yields settled at 4.48% Friday.
Open FlipUS inflation is slowing in January, giving the Federal Reserve more room to consider interest rate cuts in the future. However, they are still cautious due to strong economic growth and low unemployment. More data this week on retail sales, housing starts, and consumer confidence will also impact their decision-making. In Asia, Japan's economy is expected to rebound this week.
Open FlipWhen the stock market reaches record highs, investors may want to look beyond the popular and high-performing "Magnificent Seven" stocks and consider smaller businesses that are also doing well. Shopify is a top e-commerce platform with a constantly expanding market, making it an attractive growth stock. However, there are arguments for both bullish and bearish outlooks on the company.
Open FlipInvestors are seeing a strong growth trajectory for Palantir Technologies. The data analytics company, which specializes in helping government agencies and corporations sort through large amounts of data, saw its stock surge 167% last year and continues to deliver strong results. Revenue grew by 20% to $608.4 million in the fourth quarter and the company reported a profit margin of 15%.
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