Beyond Financial News

lithium. A dozen obscure cousins are also vital for a more basic need: maintaining armies. The eclectic family of war minerals spans generations.

midcap stocks on Tuesday. Nifty's small and midcap indices lost up to 2-3% each with Indiabulls Real Estate, Infibeam and RITES leading the downside by dropping around 8% each. High-flying PSU stocks from railways and defence were among the top losers in today's sell-off. Shares of Cochin Shipyard, GRSE and Mazagon Dock lost between 6-7% each while rail stocks RVNL, Jupiter Wagons and Titagarh Wagons dropped between 4-6% each. The selloff in small and midcap stocks is in contrast to lacklustre trade in Nifty and Nifty Bank.

Made in India iPhone 15 just weeks after the smartphones start rolling out from the Chinese factories. The assembly of iPhones in India will help Apple broaden its manufacturing beyond China. According to a Bloomberg report, a facility operated by Foxconn Technology Group in Sriperumbudur, Tamil Nadu is gearing up to dispatch the latest iPhone units shortly after their initial rollout from Chinese factories.

By Vivek Mishra

“We believe that the Fed might take a pause in the September meeting and continue to remain data dependent,” says Devang Shah, Co-Head Fixed Income, Axis Mutual Fund. In an interview with ETMarkets, Shah, said: “Expectations of a slowdown have now been pushed towards the next year given the strong macroeconomic picture and markets now expect interest rates to remain elevated. The RBI may consider a rate cut cycle in April – June 2024” Edited excerpts:The market seems to be finding some resistance at higher levels – What is your take on markets at current?Considering the growth inflation dynamics, we believe that we have already seen the peak of the growth cycle and the near-term peak on inflation. A large part of the first half of government borrowing is behind us.

Libyan officials are expressing grave concerns as thousands of people are feared dead due to the severe rain and flooding caused by Storm Daniel. In the city of Derna alone, over 2,000 reported deaths have occurred, with an additional 5,000 to 6,000 individuals still unaccounted for. However, the exact figures remain unverified by independent sources, and the origin of this data is unclear.

California lawmakers have approved legislation requiring major companies to disclose a sweeping range of greenhouse gas emissions

Investing.com-- Oil prices moved little in Asian trade on Tuesday as markets awaited forecasts on supply and demand from an OPEC report due later in the day, although optimism over recent supply cuts kept prices near 10-month highs.

“We have catered to the Bengaluru ecosystem, the Indian tech ecosystem and now we want to cater to the global ecosystem with our skills, innovation and research offerings, apart from (creating) the Electronics System Design and Manufacturing (ESDM) ecosystem itself,” he told ET.

President Joe Biden has wrapped up a five-day diplomatic sprint through Vietnam and India that put a spotlight on complicated relationships he believes will be crucial for global stability

By Jamie McGeever

Joe Duran has mixed feelings about the current state of the wealth management industry, one that he had a significant hand in shaping.

NEW DELHI : Bhashini, the government’s national language translation project, will release data on early adoption among private companies, as well as on the size of repositories on Indian languages collected and generated by the project in October this year, said Amitabh Nag, chief executive of Bhashini. “The internet does not have data repositories in languages such as Manipuri, which Bhashini is now building. It is still early days for the size of repositories in certain languages, but Bhashini will be making an announcement on the details of this by October this year," Nag told Mint . The executive affirmed that Bhashini now has data for text-to-text translations in 22 languages, while data for voice-to-text translations are available in 14 languages.

NEW DELHI : India and Saudi Arabia have begun discussions on trading in national currencies, officials from the ministry of external affairs said after a visit by Saudi Crown Prince Mohammed Bin Salman. The idea was currently in the “discussion stage", said Ausaf Sayeed, secretary in the ministry. “The Saudi side is aware that we have worked out similar arrangements with other countries in the region.

BRICS Summit held in South Africa and the G20 Summit that just concluded in India, have intrigued the world with their agenda to declare themselves as true representative voices of the Global South, which refers to developing countries. Such representation suggests political and ideological opposition to a Western dominated world order, aimed at others claiming their rightful place as equal players in world affairs.

Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services. Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. Dojo can open up new addressable markets that «extend well beyond selling vehicles at a fixed price,» Morgan Stanley analysts led by Adam Jonas wrote in a note on Sunday. «If Dojo can help make cars 'see' and 'react,' what other markets could open up? Think of any device at the edge with a camera that makes real-time decisions based on its visual field.» The Wall Street brokerage upgraded Tesla's stock to «overweight» from «equal-weight» and replaced Ferrari's U.S.-listed shares with it as «top pick». Morgan Stanley raised its 12-18 month target on Tesla's shares by 60% to $400 — the highest among Wall Street brokerages, as per LSEG data — which, it estimated, would give the EV maker a market capitalization of about $1.39 trillion. That is about 76% higher than Tesla's market value of about $789 billion, based on the stock's close of $248.5 on Friday.

By Jody Godoy

(Reuters) -Tesla's Dojo supercomputer could power a near $600 billion jump in the automaker's market value by boosting the adoption of robo-taxis and its software services, Morgan Stanley analysts said, sending the electric vehicle maker's shares up 6% in premarket trading on Monday.

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Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

Jawan' craze has caught everyone by surprise. The fanbase of superstar Shah Rukh Khan has made 'Jawan' the fastest Hindi movie to cross the Rs 500 crore-mark at the box office. The makers announced on Monday that the blockbuster action-thriller had entered the Rs 500 crore club on its opening weekend. In fact, it is also the fastest Hindi film to enter this prestigious club. Production house Red Chillies Entertainment took to X (formerly known as Twitter) to share that 'Jawan' minted Rs 520.79 crore (gross) at the worldwide box-office on its opening weekend.