The world is making a move towards the 5G technology and this makes 5G stocks exponentially more lucrative and attractive. Here is a list of 5G stocks to buy and watch: Marvell Technologies (MRVL), Skyworks Solutions (SWKS) Cirrus Logic (CRUS), Analog Devices (ADI), Ericsson (ERIC), Dish Networks (DISH), Verizon Communications (VZ), and AT&T (T).
Open FlipITC posted its earnings for the quarter ended 30 June, 2022 on Monday with a year-on-year consolidated net profit of Rs 4,390 crore. The FMCG-cigarette-to-hotel major logged a 34% rise as compared to a similar quarter last year. The revenue from operations for the period jumped 39%, and came at Rs 19,831.27 crore in June quarter as compared to Rs 14,240,76 crore last year.
Open FlipU.S. supermodel Bella Hadid launched "CY-B3LLA" - a collection of Non-Fungible Tokens featuring artwork based on 3-D scans of her face and body. Her collection comprises 11,111 NFTs, and they were made in collaboration with the NFT minting platform reBASE. Hadid said that the procedure was "super fun," with the ultimate products capturing her exact facial expressions.
Open FlipDespite the ongoing bear market, Croatia has seen a rise in payments through cryptocurrencies like Bitcoin in the country’s largest supermarket chain Konzum. In December 2021, the supermarket officially started accepting cryptocurrencies as payment. Customers can make payments in cryptos like BTC and Ether (ETH) as well as Tether (USDT) and USD Coin (USDC) stablecoins.
Open FlipIn July, a massive 4.76 Billion SHIB tokens were burned by the Shiba Inu community through 505 transactions, Shibburn's Twitter handle reported. Just last hour, through a single transaction, 6,645,872 SHIB were sent to dead wallets and over 216,487,142 SHIB in the last 24 hours. Meanwhile, Shiba Inu's official Twitter handle posted a vague video tweet, igniting expectations in the community.
Open FlipIndian benchmark indices ended the day on a strong note. Here is a list of 8 stocks that will trade ex-dividend tomorrow: 1)Magellanic Cloud Limited, 2)Anand Rathi Wealth Limited, 3)Kirloskar Brothers Limited, 4)Cummins India, 5)DLF, 6)Centum Electronics Limited, 7)Sigachi Industries Limited, 8)S H Kelkar and Company Limited.
Open FlipFollowing recent claims of corruption and market manipulation, a petition on Change.org calling for the resignation of SEC Chair Gary Gensler has received enormous attention. According to the petition, Gary Gensler must resign because he failed to safeguard retail investors from fraud brought on by Citadel Securities' exploitation of dark pools and naked short selling.
Open FlipOn 26 August, “Will of the People”, the ninth studio album by the British rock band Muse, will be released as NFT. The album will be a limited-edition NFT and will be released on the Polygon-powered platform Serenade. “All Serenade NFTs are minted on the Polygon chain because we value its affordability and eco-friendliness,” said Serenade’s CEO Max Shand.
Open FlipNikola Corp has accorded the purchase of battery supplier Romeo Power Inc for about $144 million in stock. The electric truck believes this move will help jumpstart its efforts to make battery packs. The offer has appraised Romeo Power at 74 cents on a per-share basis, or a 35% premium to the stock's Friday close.
Open FlipState-owned Punjab & Sind Bank reported on August 1 that it had logged an 18 percent growth in its net profit at Rs 205 crore in the April-June quarter of FY23. The aforesaid growth is said to have been helped by a decline in bad loans. The bank had recorded a net profit of Rs 174 crore in the year-ago quarter.
Open FlipPaper stocks surged big time on Monday. Multiple counters posted double-digit gains, on the back of robust demand amid the plastic ban and strong performance in the June quarter by paper companies. The shares of JK Paper, the largest paper company in India, soared 10 percent to Rs 380.55. RK Damani-backed Andhra Paper spiked 15 percent to Rs 399.90 during the session.
Open FlipState-owned Coal India Limited (CIL) on Monday revealed that it produced 47.3 million tonnes (MT) of coal in July this year. The company logged a growth of 11% from the year-ago period. CIL's output in the corresponding month of the previous fiscal was 42.6 million tonnes (MT). The company affirmed it has maintained a double-digit rising streak for four consecutive months of the current FY.
Open FlipTVS Motor Company logged a 13% growth in total sales at 3,14,639 units in July in comparison to 2,78,855 units posted in the same month last year. The automaker's total two-wheelers sales also improved by 14% to 2,99,658 units last month as compared to sales of 2,62,728 units in July 2021. Domestic two-wheeler sales gained by 15% to 2,01,942 units from 1,75,169 units in the year-ago month.
Open FlipAccording to the International Monetary Fund (IMF), the decline in equity and crypto markets may increase. This descent could further increase the risk for algorithmic stablecoins, Tobias Adrian, IMF’s Director, stated. He further added that authorities should regulate exchanges and wallet providers. However, he pointed out that the crypto crash has not affected the main finance sector.
Open FlipOla Electric, Reliance New Energy Ltd, and Rajesh Exports have inked contracts with the Ministry of Heavy Industries. These contracts have been signed under the Production-Linked Incentive (PLI) Scheme for advanced cell chemistry (ACC) battery manufacturing. The government had got 10 bids from companies with offers to set up 128 Gigawatt-hours (GWh) of battery capacity.
Open Flip