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23.01 / 13:15
23.01 / 12:53
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Tech View: Nifty downhill trajectory suggests more pain. What traders should do on Wednesday
Nifty on Tuesday ended 333 points lower to form a long bear candle on the daily chart with analysts warning that one may expect more weakness from here to form a new lower bottom of the sequence.
23.01 / 12:24
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Morgan Stanley raises Microsoft price target ahead of earnings on GenAI strength
Shares of Microsoft (NASDAQ:MSFT) climbed slightly in Tuesday premarket trading after Morgan Stanley analysts raised the price target on the stock from $415 to $450, suggesting an upside potential of more than 13.5% from the current share price.
23.01 / 12:09
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Courts
Case over fishing law could hamstring the SEC and DOL
A case before the Supreme Court over an obscure fishing regulation could be devastating to the SEC’s ability to make new regulations and enforce the ones already on its books.
23.01 / 12:09
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Franchise Group CEO steps down amid SEC probe
Brian Kahn is stepping down as chief executive of Franchise Group Inc., just months after a leveraged buyout aided by B. Riley Financial Inc., as regulators look into his ties to the collapse of a hedge fund.
23.01 / 12:02
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Futures muted after stocks surge, earnings wave ahead - what's moving markets
Investing.com — U.S. stock were muted on Tuesday, as investors looked ahead to a bevy of quarterly corporate earnings and crucial economic data. Elsewhere, the Securities and Exchange Commission says a bad actor used a SIM-swapping attack to take control of its X account prior to a false post on the social media platform claiming the agency had approved a new Bitcoin-linked investment instrument, while the Bank of Japan maintains a dovish policy stance and lowers its inflation forecast for the coming fiscal year.
23.01 / 11:27
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Animoca-Backed Gaming Blockchain Reveals $15M Token Exploit
Blockchain gaming project GAMEE fell victim to a token hack on Monday, losing 600m GMEE tokens valued at about $15.3m.
23.01 / 10:57
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HUL share price slumps to 18-month low, down 4%; buy, sell or hold?
₹2,365.50, experiencing a nearly 4% decline on the BSE during Tuesday's intraday trade, accompanied by substantial trading volumes. Over the last two trading days, the fast-moving consumer goods (FMCG) company's stock has witnessed a 7% downturn following its disappointing performance in the December quarter (Q3FY24), attributed to sluggish demand.
23.01 / 10:51
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Bitcoin ETFs Gain Momentum in Asia Post U.S. Approval
As the first Bitcoin spot price exchange-traded funds receive historic approval in the United States, Asian industry leaders, particularly in Hong Kong, are actively exploring similar crypto products.
23.01 / 10:13
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NOT
Budget 2024: If not you, your domestic help may be happy with the budget
Budget expectations: Different segments of the population have hopes from the interim budget Finance Minister Nirmala Sitharaman will present on February 1. Many think Sitharaman might deliver a populist budget in view of the upcoming Lok Sabha elections while many others think the government is under no pressure to please different voting segments with benefits in the budget due to the BJP's bright poll prospects. Also Read: Budget 2024 can sow inclusive growth for farmers & women to get a vibrant Bharat There is another argument that Sitharamn might offer some benefits to the people at the bottom rungs of the economy in view of the high inflation in this financial year. These are likely to be rural people as they have been suffering from inflation as well as the depressed demand in rural areas. However, another category that the budget might target is the urban poor, not just to provide relief to them from high inflation but also to consolidate a new voting bloc. A scheme for domestic staff
23.01 / 09:39
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Multibagger BHEL, Mamaearth and IREDA likely to make the cut in these MSCI indices
MSCI Global Standard Index in the February review. These are Punjab National Bank (PNB), Bharat Heavy Electricals (BHEL), Union Bank of India and NMDC according to estimates by Nuvama.
23.01 / 09:39
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Indus
ATC India buyout to lend more ammo to Canada's Brookfield to fight Indus Towers
They added that Brookfield’s acquisition of ATC’s 78,000-odd towers in India would also boost Reliance Jio’s 5G rollout and expansion, especially since the Mukesh Ambani-led telco is already the anchor tenant of the Canadian tower company in India. “The ATC India buyout will give Brookfield a larger tower footprint and more ammo to compete with Indus, and likely result in both tower companies offering a combination of new products such as in-building solutions (IBS) as well as attractive rental deals/discounts while negotiating long-term tower contract renewals with large telco clients in future,” Rohan Dhamija, head (India & Middle East) at management consulting firm, Analysys Mason, told ET. He, though, added that Brookfield’s acquisition of ATC India would pave the way for two dominant towercos in a 3-player telco market, which is the ideal competitive structure, in that, it will ensure an overall balance with regard to pricing power between the telcos and towercos. Earlier this month, Brookfield trumped infrastructure investment group I Squared Capital to buy 100% ownership in ATC India in a $2.5-billion (about Rs 21,000 crore) all-cash deal likely to close in the second half of 2024. The deal had marked Boston-ATC’s exit from India, unleashing fresh consolidation in the country’s tower sector, now reduced to two large players — Brookfield and Indus.
23.01 / 09:03
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Max Life launches SWAG Pension Plan with customisable annuity options. Know six key features here
retirement planning, combining flexibility, security, and personalisation for individuals and groups alike. Prashant Tripathy, Managing Director & CEO of Max Life, said, “With considerable demographic changes on the horizon, getting financially ready for retirement is becoming crucial for a vast majority of India’s workforce.
23.01 / 08:59
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Algorand (ALGO) Ventures Invests in Gora Network
Algorand (ALGO) Ventures has recently made a strategic investment in Gora Network, a next-generation oracle built on the Algorand blockchain. This investment signifies a crucial development in blockchain technology, particularly in the realm of decentralized oracles.
23.01 / 08:41
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Apple rolls out iOS 17.3 with Stolen Device Protection: What is it and how it works
Stolen Device Protection is an opt-in feature designed to thwart crime rings targeting iPhone users in public spaces. This innovative security measure requires Face ID or Touch ID authentication, eliminating the option of passcode fallback for certain critical actions, thus ensuring that only authorized users can access sensitive information. To further fortify the security of users' data, Stolen Device Protection introduces a Security Delay mechanism.
23.01 / 08:41
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Ayodhya Ram Mandir: Devotees break through security as temple opens doors for public | Video
Pran Pratistha of Ram Lalla, that saw the who's who of India in attendance. On Tuesday, devotees thronged in large numbers to Ayodhya. A large number of devotees, both locals and visitors from other states, gathered near the main gateway along the Ram Path leading to the temple complex late on Monday, seeking an entry to the premises.
23.01 / 08:01
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Blockchain Startup Figure Technologies Seeks US Regulatory Approval for Interest-Bearing Stablecoin
Financial technology company Figure Technologies is seeking approval from US regulators to introduce an interest-bearing stablecoin.
23.01 / 06:41
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New Tax Regime: Should one continue to invest in tax saving instruments such as PF, PPF, LIC?
Union Budget 2020-21 which provided for lower tax rates for individuals compared to tax rates under the old tax regime. However, it comes with the condition that a taxpayer has to forego several deductions and rebates available under the old tax regime. An individual has an option to choose either old tax regime or new tax regime for each financial year.
23.01 / 06:41
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Highways
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Traffic
Himanta Biswa Sarma sets rider as Rahul Gandhi's Bharat Jodo Nyay Yatra prepares to enter Guwahati today | 10 points
Himanta Biswa Sarma has denied permission to the Congress Yatra to travel through Guwahati. -Heavy security has been deployed at Khanapara Area, the entry point of Guwahati for the Bharat Jodo Nyay Yatra. There was barricading and heavy deployment of police officials in the Khanapara Area, where Rahul Gandhi's Yatra will reach today.
23.01 / 05:53
23.01 / 05:53
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International
IndiaFirst Life Insurance strengthens leadership deck
IndiaFirst Life Insurance Company has bolstered its key leadership deck, appointing Sunder Natrajan as the chief human resources officer (CHRO) and Amrish Maheshwari as the chief risk officer (CRO). “I am happy to announce the strategic leadership appointments of Sunder Natrajan as our CHRO and Amrish Maheshwari as the new CRO. Their proven expertise and dedication align seamlessly with our vision,” Vishakha RM, managing director, IndiaFirst Life Insurance, said in a statement. Natrajan, who was earlier the CRO at the private life insurer, has taken on the role of CHRO to lead the organisation's human resources initiatives, aligning them with the company's overall growth objectives.
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