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Elton John sick, cuts show short

Abhishek Basumallick, Founder & Chief Equity Advisor, Intelsense Capital, says “right now is a very good time to buy for probably the next two to three years. Right now means from now till the end of the year, maybe before elections next year. So the next seven-eight months or ten months are likely to provide a good opportunity to buy. We need to be keeping our eyes open, always be on the lookout for good companies where there is visibility of earnings growth.”Something is troubling one part of the market quite a lot in the last few days and that is the dollar index crossing 106. In fact, in the last five days, we have seen FII selling getting accelerated. The fear is that it may get even further accelerated from here on. Plus, there is rising bond yields in the US. Is that a legitimate worry or are we flush with domestic liquidity and any volatility, if it arises, will be absorbed?There is some cause of concern or at least we need to take note of what is happening in the US because ultimately a large part of global liquidity is being driven through dollars.

education, showing the growing appetite for upskilling to suit industry demands, finds a new survey. The survey of professionals from a diverse set of sectors in the country found that one in every two Indians are ready to fund further education for themselves, their children or their family within the upcoming 12 months. The Emeritus Global Workplace Skills Study 2023 from professional education Emeritus firm shows that education ranks high among Indians’ priorities even as the survey found two in three respondents admitting to spending their money cautiously focusing on essentials such as healthcare, medicine, groceries, etc., amid job layoffs and salary cuts globally. The trend of Indians spending on further education out of pocket stood out from most other parts of the world, where upskilling is being funded largely by organisations. The main motivations for Indian professionals to pursue further education included increased job security, a rise in self-confidence, developing leadership skills, and staying up-to-date with industry knowledge. The emphasis on continued learning in Indian society was also visible from the number of hours that professionals are investing into upskilling.

Investing.com-- The U.S. government is facing a potential shutdown at the end of September, with lawmakers having flagged little progress towards reaching consensus over a spending bill. 

Rishi Sunak

FOX Business' Madison Alworth reports from Simi Valley, California, where the 2024 Republican candidates will take the debate stage Wednesday night.

(Exciting news! Mint is now on WhatsApp Channels: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The five banks will be working with RegTech specialist Droit and a law firm to write a common digital machine-readable code that consortium members can implement to ensure consistent compliance. In some of the recent cases, investors have amassed large stakes in publicly traded companies that, while within the rules, have taken other market participants by surprise.

OpenAI, the company behind the popular generative AI assistant ChatGPT, is expanding its capabilities by introducing voice and image-based search features to the chatbot. This development marks a significant evolution in the generative AI landscape, making ChatGPT a more interactive and versatile tool for users. OpenAI CEO Sam Altman shared this new update with a tweet that read, «voice mode and vision for chatgpt! really worth a try.»

Strides Pharma Science fell over 3% to Rs 518 in Tuesday's trade on BSE after the company announced plans to spin off its CDMO (Contract Development and Manufacturing Organisation) and soft gelatin businesses into a new entity, OneSource. The company intends to «build a one-of-a-kind specialty pharmaceutical contract development and manufacturing powerhouse with capabilities in biologics, oral soft gels, complex injectables, sterile injectables, and other complex drug delivery systems», according to an exchange filing. Strides Pharma shareholders will get one share of OneSource with a face value of Re 1 apiece for every two shares of face value Rs 10 each held in Strides Pharma. There is no cash consideration involved.

Safir Anand, Strategist & Investor, says “the theme of pumps played very well for me and some of my holdings in that sector did very well. So whenever I find an opportunity or another company in the sector, I look at the industry statistics and if this segment is doing well, then I look at an opportunity to buy. So pumps, cables and wires, PSU banks more than private banks have been my focus.”The market is keeping everyone excited. Those who have been bullish from the last couple of months and those who have participated, have really hit a jackpot. Should one still stay bullish or is it time now to exercise some caution?No, see you should always exercise caution when the market runs up because there may be certain scripts in your portfolio which may go out of sync in terms of valuation given their growth, there may be exuberance in some pockets but at the same time, I am at least a believer that you should always remain invested because it has paid for decades, the only question is of what shuffle would you like to do in your portfolio in order to ensure that the volatility if the market was to correct is sort of adjusted for in your portfolio.

power stocks have soared up to 100% in FY24. While the BSE Power index has gained 28% in the ongoing financial year, Adani Power has doubled in less than 6 months. Shares of PSU Bharat Heavy Electricals Limited (BHEL), which manufactures power generation equipment, has grown 77% so far in FY24, while JSW Energy is also up 75%.

ChatGPT can now see, hear, and speak. Rolling out over next two weeks, Plus users will be able to have voice conversations with ChatGPT (iOS & Android) and to include images in conversations (all platforms)." “They (voice and image capabilities) offer a new, more intuitive type of interface by allowing you to have a voice conversation or show ChatGPT what you’re talking about." the Sam Altman-led company said in a subsequent blog post. ChatGPT will now be able to answer users' questions in five different voices, which can be selected according to user preferences.

Check all the latest updates here.Indian tennis player Ankita Raina secures victory in straight sets (6-1, 6-2) against Adithya Patali Karunaratne from Hong Kong China in the Round 3 of the Women's Singles event.In Heat 1 of the men's 4x100m medley, India secured the second position with a time of 3 minutes and 40.84 seconds. The team consisted of Srihari Nataraj, Likith Selvaraj Prema, Sajan Prakash, and Tanish George Mathew.The top 8 athletes from both heats will advance to the final round.India have made its mark at the Asian Games 2023, excelling in specific sports that brought a total of 11 medals for the country.

Read all the latest updates on Bengaluru Bandh here Bengaluru Police Commissioner B Dayananda said that Section 144 will be imposed in the city under which gatherings of more than five people will not be permitted. Yesterday, a meeting was held between two groups of activists and organisations--one led by farmer leader Kuruburu Shanthakumar who has called for a Bengaluru Bandh today, and another led by activist Vatal Nagaraj.

Mahantesh Sabarad, Independent Market Expert, says the first reaction to that subsidy scheme on home loans is “let us wait and watch what the scheme details are before we jump into the NBFC bandwagon but the banking sector definitely will benefit, typically the PSU banks having the largest reach when it comes to home loans would typically gain.”What is your view on the real estate sector? It has been reported that the Indian government is considering spending Rs 600 billion ($7.2 billion) to provide subsidised loans for small urban housing over the next five years. Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. How big a fillip could this be?A great kicker could come for the real estate sector if that scheme becomes a reality soon. I guess that typically the real estate market always relies on a lot of incentive-based kind of selling and if we are going to have a government incentive or a subsidy coming in on the interest side, it should give a great deal of fillip to the real estate sector and that is positive news.

Kunj Bansal of Investment-illiteracy.com, says “I do not think for the IT sector as a whole, there is going to be any surprise neither on the positive side nor on the negative side. So with this recent participation having come in and with the market having moved up sharply and trying to move in a consolidation kind of movement, we should see the same happening to the IT sector as well.”What do you make of the wobbly moves that we have seen on the markets of late? Do you think it is a bit of a shakeout which was necessary or is it a bit of reversal of sorts?One can never take a call on the short-term movement of the market. But yes, after the sharp rally that we saw in the first fortnight of September and almost 10-12 trading sessions, the market was moving one way up. There had to be some correction if we talk whether in terms of technical terms, whether in terms of short-term correction or whichever way. That is what we have seen. If we look at the numbers on the peak in Nifty, we reached 20,200 almost. And right now we are at 19,700. So that is a 500 points correction in percentage terms. It's hardly 2.5% correction.

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Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! "EVs powered by renewables are key to us achieving carbon neutrality, which is central to our Ambition 2030 vision. Nissan will make the switch to full electric by 2030 in Europe - we believe it is the right thing to do for our business, our customers and for the planet." Uchida added.

JPMorgan chairman and chief executive Jamie Dimon to face a crisis and bail out those who get into trouble. In an interview with MC Govardhana Rangan, Bodhisatva Ganguli and Joel Rebello, the go-to banker even for the US Federal Reserve said he expects that global financial metrics could get worse before getting better. When few thought the 10-year US bond yield would rise to 3%, Dimon was preparing for 5%, and he says he is now ready to face even 7% by way of risk-free rates.

Kelly Clarkson performed at the iHeartRadio Music Festival in Las Vegas over the weekend and later explored the Las Vegas strip. She shared a TikTok video where she sang Tina Turner's «What's Love Got to Do With It» with a busker. At first, the busker didn't recognize her, but when she saw Clarkson holding the mic, she hugged her with excitement. Clarkson captioned the video, explaining that she was on her way to a soundcheck for the festival and was tipping the talented busker. Clarkson recently released the deluxe edition of her 10th album, Chemistry. This edition includes five new tracks: «I Won't Give Up,» «Did You Know,» «You Don't Make Me Cry» featuring her daughter River Rose, «Goodbye,» and «Roses.» It also features remixes of her album singles, «Mine» by David Guetta and «Favorite Kind of High» by Ty Sunderland. Additionally, there's a live version of «Mine» from The Belasco. Chemistry was first released on June 23 by Atlantic Records. It marked Clarkson's first non-holiday and non-covers album since her divorce from Brandon Blackstock. The album debuted at No. 6 on the Billboard 200 chart on July 8 and remained on the chart for three weeks.

Loki might not be the crowd favourite Marvel superhero but the Asgardian anti-hero can fetch you lucrative points. Marvel Insiders, who are also Marvel Unlimited subscribers, can read the initial five issues of "LOKI: AGENT OF ASGARD" (2014) using the latest version of the Marvel Unlimited app until October 8, 11:59 PM (ET) to potentially earn a total of 1,000 Marvel Insider points. The storyline revolves around the God of Mischief, Loki, as he undertakes missions on behalf of Asgard that take him to various locations, including New York, the opulent casinos of Monte Carlo, and even a speed dating event. In the aftermath of the events in YOUNG AVENGERS (2013), Kid Loki has grown into a more mature incarnation, becoming stronger, more intelligent, sexier, and even craftier than ever before.