Research Financial News

Mint indicate that Apple's India revenues from the Mac portfolio grew 67% year-on-year (y-o-y) in the April-June quarter, and the number of units sold increased 33%. Plus, share of India revenue in global Mac sales rose to 3% in Q1 of FY25, from 1.8% in Q1 of FY24.

₹50,400 crore. The Union cabinet is expected to approve the transfer of the proposed nuclear power project from Nuclear Power Corp. to the joint venture shortly, said a person familiar with the development.

Charitable investors who incorporate donor-advised funds into their giving strategy are likely to open their hearts and wallets wider to their favored causes.

MUMBAI: India's markets regulator has devised a seven-point plan to regulate the growing tribe of financial influencers, said Kamlesh Varshney, full-time member of the Securities and Exchange Board of India (Sebi), at the FICCI's 21st Annual Capital Markets Conference (CAPAM) on Friday.

NASA) effort to the International Space Station (ISS), the Human Space Flight Centre (HSFC) of Isro has entered into a Space Flight Agreement (SFA) with NASA-identified service provider Axiom Space, for its upcoming Axiom-4 mission to the ISS. The India-US joint statement during the official state visit of Prime Minister Narendra Modi to the US in June last year envisioned a joint Isro-NASA effort to the ISS. «A National Mission Assignment Board has recommended two Gaganyatris as prime and backup Mission Pilot for this mission,» Isro said, in a statement on Friday. These are Group Captain Shubhanshu Shukla (Prime) and Group Captain Prasanth Balakrishnan Nair (Backup). The assigned crew members will be finally approved to fly to the ISS by the Multilateral Crew Operations Panel (MCOP). The recommended Gaganyatris will commence their training for the mission from the first week of August. During the mission, the Gaganyatri will undertake selected scientific research and technology demonstration experiments on board the ISS as well as engage in Space outreach activities.

employment report for July raised expectations that the Federal Reserve will cut interest rates by 50 basis points in September as the economy sours. Employers added 114,000 jobs, below expectations for an increase of 175,000. The unemployment rate rose to 4.3%, above economists expectations that it would be unchanged on the month at 4.1%.

markets regulator Sebi will early next week come out with a consultation paper on making it easier to become a registered investment advisor, a senior official said on Friday. The move has come amid Sebi efforts to contain the activities of unregulated 'fin-influencers'. The Sebi board recently approved a series of measures on restricting the play of fin-influencers, which focus mainly on policing the segment through their tie ups with the entities regulated by Sebi. Also, senior Sebi officials in the recent past have said that challenges to get registered as an investment advisor are among the reasons for growth in the problematic fin-influencers segment.

By Julie Cazzin with Allan Norman

Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level. The short-term trend of Nifty is down, but the near-term uptrend status of the market is intact. There is a possibility of some more weakness in the coming sessions down to 24,600-24,500 levels before showing any upside bounce from the lows. Immediate resistance is at 24,900 levels, said Nagaraj Shetti of HDFC Securities.

Apple on Friday reported yet another quarterly revenue record in India for the third quarter ending June 29, 2024, continuing the high pace of growth in the world’s second largest smartphone market where consumers are continuing to buy premium products. Apple chief executive officer Tim Cook told analysts in its third quarter earnings call that Apple has set “quarterly revenue records in more than two dozen countries and regions, including Canada, Mexico, France, Germany, the UK, India, Indonesia, the Philippines, and Thailand.” The bullish performance by the iPhone maker is when smartphone shipments in India fell 2% year-on-year in the June quarter as per market tracker Counterpoint Research which attributed the decline to the heatwave, seasonal slump, and a sequential slowdown in demand from the March quarter before.

Japanese stocks plunged for a second day as expectations rose on more rate hikes by the nation’s central bank. Asian equities also declined, tracking losses on Wall Street as data signaled a softening US economy. The broad Topix benchmark index in Japan fell more than 4%, as the yen gained for a fourth day to pressure markets. The selloff in tech-related stocks continued in Asia with AI chipmaker SK Hynix Inc. tumbling more than 6%.

Congress MP Rahul Gandhi claimed on Friday that the Directorate of Enforcement (ED) was planning a raid on him following his 'Chakravtyuh' speech in the parliament on July 29. The Congress MP said that he was 'waiting with open arms' after ED 'insiders' told him that a raid was being planned. In a post on X, Rahul Gandhi said, «Apparently, 2 in 1 didn't like my Chakravyuh speech. ED 'insiders' tell me a raid is being planned. Waiting with open arms, @dir_ed. Chai and biscuits on me.»

DoorDash set quarterly records for total orders and revenue despite slowing U.S. restaurant traffic

Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving

Securities class action filings increased in the first half of 2024 as artificial intelligence related lawsuits became a trend.

It appears advisors are failing their clients in the most crucial way possible – giving them advice.

Middlesex University Dubai. This collaboration represents another significant step in IIM Shillong's global expansion and commitment to academic excellence. The agreement was formalised by Professor DP Goyal, Director of IIM Shillong, and Professor Cedwyn Fernandes, Pro Vice-Chancellor and Director of Middlesex University Dubai. This partnership aims to build a solid framework for collaborative academic initiatives, cultural exchanges, and research projects. The strengths of both institutions will be combined to enhance student experiences through exchange programs, joint degree offerings, and experiential learning opportunities.

My friend Alex is a tall, handsome surgeon. A former quarterback in high school and college, he’s always been the kind of person others listen to. As an ear, nose and throat specialist, he works wonders restoring people’s hearing with cochlear implants.

Sunil Dahiya, a South Asia analyst at CREA, said, “This ongoing issue highlights the need for stronger regulations and a focus on reducing emissions. Using better technology and data can help control pollution.” He added, “India’s standards are more lenient than WHO’s, which can lead to long-term exposure to harmful particles. Research shows that even short-term exposure to PM2.5 in India poses significant health risks, suggesting that air quality standards need to be updated to better align with international guidelines to prevent diseases.”

The recent federal lawsuits against famous short seller Andrew Left draw attention to the roles that financial influencers have in guiding investors’ decision making – and the wide range in the quality of the information available online.

Ola Electric, the biggest of this year, will open for subscription on Friday. Ahead of the listing, the company's shares are trading with a premium of Rs 15 in the unlisted market. Considering the upper price band, the stock is boasting a premium of 20% to the issue price. The IPO is priced in the range of Rs 72-76 per share.