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Qualcomm reached a three-year deal with Apple to supply the iPhone maker with 5G communications chips, the latest sign that Apple’s effort to make them in-house has yet to bear fruit. Qualcomm said Monday it would supply Apple with the modem chips for smartphone launches in 2024, 2025 and 2026, in a deal with terms similar to a previous arrangement between the companies. Past supply deals have been lucrative for Qualcomm and expensive for Apple.

JOHANNESBURG—Walmart’s investment in Africa tanked. It is responding by doubling down. More than a decade ago, Walmart spent $2.4 billion to buy a controlling stake in South African retailer Massmart, which also had operations in a dozen other sub-Saharan countries.

IREDA) has filed its draft red herring prospectus (DRHP) with capital market regulator Sebi to raise funds through an IPO. It is the first IPO by a public sector enterprise after Life Insurance Corporation's public issue in May last year. The IPO with a face value of Rs 10 consists of fresh issue of up to 40.3 crore equity shares and an offer for sale (OFS) of up to 26.8 crore units by the government The offer includes a reservation for eligible employees. About 50% of the IPO will be available for allocation on a proportionate basis to qualified institutional buyers, 15% for non-institutional investors and 35% for retail investors. The proceeds from the fresh issue will be used for augmenting its capital base to meet its future capital requirements and onward lending. IREDA has an impressive track record spanning over 36 years in the field of fostering and providing financial support for fresh and sustainable energy (RE) projects, as well as energy efficiency and conservation (EEC) initiatives. The company is India's largest dedicated green financing non-banking financial company (NBFC). The organization offers a comprehensive array of financial products (fund and non-fund based) and associated services, from project inception to post-completion, for RE projects and related activities like equipment manufacturing and transmission. As of June, its portfolio of outstanding term loans stood at Rs 47,206 crore, reflecting its diverse investment ventures.

KL Rahul in a rain-marred Super 4 clash against Pakistan in the ongoing Asia Cup have created many records which also include the highest team total by India against Pakistan. Virat Kohli (122) and K L Rahul (111) struck unbeaten centuries to steer India to a commanding 356 for two against Pakistan in a Super 4 match of the Asia Cup match.It was India's joint highest total against Pakistan in ODIs. It was with the help of Virat Kohli and KL Rahul's unbeaten 233 runs partnership, that Team India registered their highest-ever ODI total against Pakistan.

global market, domestic benchmark indices ended in the green for the sixth day in a row, each one gaining nearly 3%. The dollar, Treasury yields, and US stock futures all declined as speculation mounted that the US Federal Reserve will decide to leave interest rates unchanged at its September meeting. While the Sensex closed, major European markets such as the UK's FTSE, France's CAC, and Germany's DAX traded with large losses.

By Gabriel Burin

Samsung Galaxy S23 Fan Edition (FE) have surfaced on the TENAA certification website. Following the absence of a Galaxy S22 FE, Samsung enthusiasts are eagerly awaiting the arrival of this successor in the beloved Fan Edition series. According to Tom's Guide, the images that have surfaced on the TENAA website indicate a strong resemblance between the Samsung Galaxy S23 FE and the Galaxy S23.

G20 summit in India, 15 years later. The financial crisis is over, but actions taken to tide over it have left the world with new challenges. At the same time, the world is more fragmented than it was in 2008.

Kotak Institutional Equities in a report on September 11. Mid and smallcap indices have been on a record-setting spree for the last several sessions. The BSE Midcap index has jumped nearly 31 per cent this year so far while the BSE Smallcap index has jumped 33 per cent this year.

Yogi Adityanath has instructed the officials of the affected districts to undertake relief works with full promptness, according to an official spokesperson. Adityanath has asked the officials to visit the areas and keep an eye on the relief work and asked them to immediately distribute the permissible relief amount to the people affected by the disaster, the spokesperson said. In case of water logging, effective arrangements should be made for proper drainage and the water level of rivers should be continuously monitored.

Apollo 17 lunar lander base has been found to generate small-scale moonquakes on a daily basis, adding a unique dimension to our understanding of lunar seismic activity. During the Apollo 17 mission, scientists meticulously calibrated three seismometers to capture data related to thermal earthquakes occurring on the moon's surface. These instruments were strategically placed on the lunar landscape, and they diligently recorded seismic data from October 1976 to May 1977, as per reports. New findings were published in the Journal of Geophysical Research — Planets. Traditionally, scientists have recognized four distinct categories of moonquakes: deep, shallow, thermal, and those resulting from meteorite impacts. However, a recent analysis of the thermal earthquake data collected during the Apollo 17 mission has uncovered an unexpected fifth type of moonquake. This newly discovered moonquake originates not from natural lunar processes but rather from the Apollo 17 lunar lander base itself, according to reports. Upon further investigation, researchers were astonished to determine that these mysterious quakes were actually generated by the Apollo 17 lunar lander base. The cause of these quakes is the gradual expansion and vibration of the lander base, which occurs each morning as it is heated by the sun. While these moonquakes may not be of natural lunar origin, they still provide valuable insights into the moon's seismic behavior. This unexpected discovery contributes significantly to our knowledge of the moon's geological activity, which holds particular significance for future lunar exploration and development endeavors.

Sectorally, buying was seen in utilities, telecom, power, and auto stocks. Stocks that were in focus on Monday include names like SJVN (which rose 20% with strong volumes to hit a fresh record high), IRCON International (that rallied by about 20%), and Rail Vikas Nigam Ltd (that closed with gains of over 16% to a new high). We have collated a list of these three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to analyst Viraj Vyas on how one should look at these stocks the next trading day entirely from an educational point of view: Here’s what the CMT, CFTe |Technical & Derivatives Analyst| Institutional Equity, Ashika Stock Broking Limited had to say:SJVN The stock has delivered exceptional returns since the beginning of this year, with an impressive gain of nearly 120% so far. Prior to June, the stock was primarily range-bound and exhibited tight consolidation from 2017. During this consolidation phase, the stock formed a Cup and Handle pattern — a typical accumulation pattern. Such prolonged consolidation periods often precede strong upward movements in stock prices.

Stock market today: After a gap of 36 sessions, NSE Nifty climbed to a new peak of 20,008 during Monday deals. However, the 50-stock index took 52-sessions to race from 19,000 to 20,000 peak. While Nifty rallied to 20,000 peak, BSE Sensex too regained 67,000 mark.

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.

Canada may revise its immigration targets as it continues to struggle with a growing housing crisis. The country aims to welcome 465,000 new permanent residents in 2023, 485,000 in 2024 and 500,000 in 2025. Canada's Housing Minister, Sean Fraser, has highlighted the need for a balanced approach to immigration policy, acknowledging the need to consider changes while maintaining a commitment to high immigration levels. In an interview with CTV, Fraser emphased on aligning immigration policies with the absorptive capacity of communities, including factors like housing, healthcare, and infrastructure, reflects a practical approach to addressing the issues at hand. This approach recognizes that immigration should be managed in a way that doesn't overwhelm existing resources and services. The recognition that temporary immigration programs may require improvement, particularly in their uncapped nature, indicates a willingness to refine immigration mechanisms to better serve both newcomers and the host communities. While Fraser acknowledged immigration's role as a strong competitive advantage in Canada's global economy, he also reiterated that it would not be right to to solely blame immigration for the housing crisis.

NS Venkatesh, CEO, AMFI, says “the equity flows are at a five-month high and mainly concentrated in the midcap, small cap and flexi cap funds. It is essentially because the investors find that the correction which happened in the smallcap as well as midcap space gives them an opportunity to participate in their upward story and that is why we are finding people putting money into the smallcaps and midcaps.”Firstly, let us talk about the SIP inflow numbers. It is above the Rs 15,000-crore mark for the second straight month on the trot and is at a record high level as well for the month of August. Do you expect this number to scale past the Rs 15,000 crore mark in September and touch Rs 16,000 crore?The SIP numbers are really good in the sense that we have touched an all-time high of Rs 15,800 crores during this month which is 500 crores above last month. We see the retail investors reposing faith and trust in the mutual fund industry and they are using the SIP as an investment vehicle to participate in the India story and we believe that going ahead we will see the SIP numbers on an increasing trend.

Desert Technologies (DT) an independent solar PV and smart infrastructure holding company and Essar Group have signed a Memorandum of Understanding (MOU) to develop renewable energy solutions for Essar Group’s Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA) as well as potential future projects. The MOU was executed between Desert Technologies and Essar Group in the G20 summit on Monday. The companies said, through this partnership, they will develop solutions for renewable energy generation and storage for Essar’s Flat Steel Complex in the KSA which is the first green steel project in the GCC region and will also explore opportunities for other potential projects. “Desert Technologies's MOU with Essar signifies our long-term commitment to meet the growing demand for renewable energy solutions; especially in the KSA. Its solutions in the renewable energy sector, price competitiveness and low Carbon footprint solutions will further boost the growing low CO2 emission steel industry," said Chief Executive Officer of DT Investments, Khaled Sharbatly. Based in Saudi Arabia, and operating in more than 25 countries, Desert Technologies has a proven track record as a PV developer, investor, EPC and O&M contractor, PV solar panel manufacturer, and energy storage systems integrator. Essar is currently looking at investing about $4.5 billion in setting up an integrated steel plant in Ras Al Khair, Saudi Arabia.

In the context of investing in bonds / debentures, the risk level of getting or not getting your money back in time is perceived through the credit rating. In most cases, yield level in the secondary market varies from one bond to another, in the same rating category. Yield level is the annualised return you will get, provided you hold the bond till maturity. The significance of yield level being different, even for the same credit rating, is that the market assigns different risk levels to various bonds. The market in this case comprises the ‘big boys’ i.e. banks, insurance companies, mutual funds, corporate treasuries, etc.

Tesla Inc.’s Dojo supercomputer may add as much as $500 billion to the company’s market value through faster adoption of robotaxis and network services, according to Morgan Stanley.

US President Biden is significant because, when PM Modi was on his maiden state visit to the United States in June this year, several human rights organisations had flagged the curbing of press freedom in India and had urged President Biden to talk about the same. In US, PM Modi and President Biden had conducted a rather rare press conference, Modi answered a questions from an US journalist about the Bhartiya Janta Party (BJP)-led National Democratic Alliance (NDA) government’s record in treatment of minorities.

Nifty hit its fresh record high of 19,992.65 in intraday trade on Monday. Nifty's last all-time high was 19,991.85 which it hit on July 20 this year.