SUN Financial News

15.09 / 00:35
markets UPS SUN Marvell RAI reports Partial lunar eclipse and rare supermoon to grace skies next week; place, date, time, when and where to watch
supermoon and a lunar eclipse will be visible at the same time in a starry evening, which would be a wonderful sight for all stargazers out there. The visibility of this unique phenomenon will also be visible in the morning of September 18, says The Sun's report.
14.09 / 22:23
markets SUN Discover Research RAI 2020 Earth to get a new moon? Meet 2024 PT5, our temporary mini-moon for 53 days!
Earth is about to welcome a new mini-moon for a short period. Starting from September 29 until November 25, a small asteroid named 2024 PT5 will temporarily be captured by Earth's gravity, according to researchers Carlos de la Fuente Marcos and Raúl de la Fuente Marcos from Universidad Complutense de Madrid. The asteroid, approximately 10 meters wide, was discovered through the Asteroid Terrestrial-Impact Last Alert System. Researchers found that its size, speed, and trajectory are suitable for it to be caught by Earth's gravitational field for 53 days. During this time, it will orbit Earth before resuming its path through the solar system. «2024 PT5 will circle the Earth one time before it escapes back into space,» the researchers stated in their paper. This event is known as a «temporarily captured flyby,» where an asteroid enters Earth's gravity but does not make multiple orbits.
14.09 / 13:05
markets Provident SUN Discover Research rock Earth set to capture temporary mini-moon asteroid 2024 PT5; Here's what you need to know
Earth will soon capture a temporary mini-moon, asteroid 2024 PT5, which was discovered on August 7, 2024, by the NASA-funded Asteroid Terrestrial-impact Last Alert System (ATLAS). Measuring about 10 meters in diameter, 2024 PT5 is set to loop around Earth from September 29 to November 25, 2024. During this period, it will follow a horseshoe-shaped trajectory but will not complete a full orbit around Earth before continuing its path around the Sun.
14.09 / 08:14
UPS Waters SUN ICE Universities Inside Climate change is slowing Earth’s rotation
Subscribe to enjoy similar stories. THE PERFECT day should have 86,400 seconds: 24 hours for Earth to spin around its axis, 60 minutes in each hour, and 60 seconds in each minute. But the apparent precision of these simple calculations ignores the messy reality of planetary bodies.
12.09 / 16:04
markets Williams SUN Duke wellness reports Prince Harry unhappy in his marriage? Duke of Sussex not even a ‘Spare’ to his wife Meghan, claims biographer
Prince Harry is apparently not doing too well these days. According to the royal family biographer Angela Levin, the Duke of Sussex is miserable in his marriage to actress Meghan Markle. The Duke, who authored his memoir Spare, reflecting on his life growing up in the shadow of his brother William, the heir to the throne, is reportedly growing more discontent with his life in California. In an interview withThe Sun, Levin said that the younger Prince is desperate to return to his motherland. «You could say Harry is not even the spare to his wife. He’s almost nothing. She (Meghan) treats him horrendously. If you look at the filming of them in Colombia and Africa, he is not asked anything. He’s pushed out of the way,» The Sun quoted Levin as saying. Some friends of the Prince told the publication that he feels helpless and feels overshadowed by Meghan in public. During their recent trips to Nigeria in May and Colombia last month, Meghan, 43, took the spotlight.
12.09 / 14:33
markets ETF SUN India Capital Growth NAV overcomes 'volatile' discount as it climbs more than 10%
In its half-year results published today (12 September), the trust said the NAV of 199.1p as of 30 June 2024 was an «all-time high» and noted it surpassed the 200p threshold after the period. According to data from the Association of Investment Companies, the NAV is currently sitting at 205.1p. Emerging markets ex-China ETFs enjoy moment in the sun as investors snub China over 2023 Similarly, IGC's share price rose 4.3% to 180.5p in the first six months of the year. However, the trust's board highlighted its discount/premium to NAV was «relatively volatile» over the period, rang...
11.09 / 12:13
markets SUN Southern Trade AGRO Updates Stock market update: Fertilisers stocks down as market falls
Southern Petrochemicals Industries Corporation Ltd.(up 3.20%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.79%), Rashtriya Chemicals & Fertilizers Ltd.(up 0.67%) and Krishana Phoschem Ltd.(up 0.09%) stood among the top gainers.
11.09 / 06:15
markets UPS SUN trends Trade Updates Stock market update: Stocks that hit 52-week highs on NSE
Benchmark NSE Nifty index rose 46.61 points to 25087.7 amid buying in frontline bluechip stocks.
10.09 / 10:11
Ethereum Digital Man SUN Trade information Crypto Exchange Listing and Delisting Announcements: September 9, 2024
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
09.09 / 06:02
markets SUN wellness reports International Sudip Bandyopadhyay on 2 stocks to buy if the market falls further
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says Larsen &Toubro is a fantastic story with a strong tailwind behind it, whether it is construction, infra, domestic, or international including hydrocarbon, it has got a long way to go. So, correction is a buying opportunity. The other share is Reliance. If there is further correction, it is worth looking at. From a long-term investor's point of view, Reliance with correction is a good buy. Would you say that Friday’s fall seems more global? Sudip Bandyopadhyay: Well, definitely it is global. Since Monday, global markets have been correcting and we have been holding somehow from Monday till Thursday. On Friday, Indian markets also took a beating. There are fears around the US non-farm payroll data, which comes out in the evening and there is a bit of nervousness. Also, supposedly there is little concern about the non-compliant FIIs exiting Indian markets because from Monday onwards, they either have to be compliant or shut shop. So, there is a bit of confusion around that. Not sure what is the impact exactly.
08.09 / 09:10
SUN Food love Celebrity Diversity show classical Festivals of seeds and the rains of love
rains are sometimes called moga pavs in Goa. Literally this means “rains of love”, but my farmer friend explained an additional agricultural connection: “It is a very soothing and calm rain for plants and even humans.” June-July rains have damaging intensity, but these later showers embrace the plants. With moist soil and spells of bright sun, it is the perfect time to plant vegetable and fruit seeds. Rice for the kharif crop is planted earlier, since it flourishes in flooded fields, but now the shoots are vivid green, a reminder that this is a growing season. The festivals in this season celebrate growth. Rishi Panchami, which is today, is marked in Western India with a dish made of seasonal leaves and vegetables like those the sages might have foraged from jungles. Onam has its carpet made with freshly plucked flower petals and leaves. Ganesh Chaturthi in Goa has the matoli tradition — where a canopy of seasonal fruits and leaves, many gathered from the wild, is suspended over the Ganesh idol.
07.09 / 15:42
markets Provident SUN CEO Research SpaceX reports Jeff Bezos coming for Elon Musk, to launch rival to Starlink
satellite internet market. The CEO of SpaceX, who is responsible for the Starlink satellite internet service, Elon Musk, is facing serious competition from Jeff Bezos, the founder of Amazon. More than 6,000 satellites from Musk's Starlink have already been launched into orbit, providing internet connectivity everywhere and even assisting with communications during the conflict in Ukraine. Along with growing its service offering, Starlink has lately started providing free emergency calls and has partnered with US cell networks like T-cell, as per the reports of The U.S. Sun.
07.09 / 05:09
UPS SUN Continental BAY Southern skeleton Where the Atlantic Ocean meets the Skeleton Coast
The Burning Shore. Like most of his novels, it is set in the backdrop of the brutal yet beautiful continent of Africa. This one takes the reader into the desolate and dramatic wilderness of Namibia in 1917.
06.09 / 12:04
Provident SUN show stage track Investigations Sun Pharma-Moebius Medical anti-osteoarthritis pain drug gets USFDA fast track status
Sun Pharma and Israel-based Moebius Medical on Friday said that USFDA has granted fast track designation to novel non-opioid therapy MM-II against osteoarthritis knee pain. USFDA fast track designation allows expedited review of potential therapies to treat serious conditions and fill an unmet medical need. Among other benefits, companies whose investigational products are granted FTD are eligible for more frequent interactions with the USFDA during clinical development and potentially accelerated approval and priority review. MM2 is currently in planning stages for phase 3 clinical trials. Data from a randomized, controlled, Phase 2b study showed that a single intra-articular injection of 3mL of MM-II provided greater pain relief than placebo for up to 26 weeks.
06.09 / 09:02
markets UPS SUN Trade folk rights Is it time to increase cash holdings in anticipation of market correction? Sandip Sabharwal answers
«Mutual fund figures for I think the last month are still to come out, but they should be healthy. So, there are flows into mutual funds, PMS, AIF, etc. So, I think that keeps the market buoyant. On the other hand, we are also seeing huge supply these days, like on a daily basis now we see offer for sales, QIPs, etc. In fact, I think in last many days, daily average would be more than Rs 7,000-8,000 crores,» says Sandip Sabharwal, asksandipsabharwal.com. It is just one of the phases of the market that everybody likes when correction comes and before they get a chance to buy, the markets recover. Sandip Sabharwal: Yes, so I think there are two factors playing to it. One, the foreign investor selling seems to have suddenly died out and although they are not buying in big numbers, but still they are small positive numbers and domestic liquidity, as all of us know, continues to remain strong.
06.09 / 08:29
Citi Waters SUN students show Features International Solar city, VR zone become popular attractions at International Solar Festival 2024
International Solar Festival 2024 features a futuristic solar city in which the sun powers everything. It also has virtual-reality devices depicting solar parks and agriculture solar, and a solar smash game that gives visitors on an experiential journey of transition from fossil fuel-based power to clean and renewable solar energy, reported TOI. The first edition of the two-day event is being hosted by New Delhi’s Bharat Mandapam. The festival displays innovation in the solar sector that can drive a greener future. Among the displays is a virtual flipbook, which educates people about successful case studies from around the world. It also includes Modhera village, which is India's first solar-powered village. Further, it depicts how solar water purifiers installed in water kiosks, hospitals, schools and residences enabled safe drinking water in Tanzania.
05.09 / 20:28
markets Provident SUN economy country reports Fed fears U.S recession? Central Bank to slash rates by 2%, steepest drop outside of an economic downturn since the 1980s
Traders are currently playing with the probability of the employment market rising or falling, and depending on whichever factor that overcomes the other, the further moves may be planned ahead. US treasuries have, until now, provided a standard return, of nearly 6%, and cooling inflation could yield some better results at the bond market.
05.09 / 00:57
UPS SUN Pool reports rights cricket IPL franchise powers Sun TV's FY24 revenue growth amid challenges in TV business
Sun TV Network's revenue for the fiscal year 2023-24 experienced a significant boost, largely driven by its Indian Premier League (IPL) franchise, Sunrisers Hyderabad, and its SA20 franchise, Sunrisers Eastern Cape. The company's revenue from cricket franchises surged by 138% to Rs 659 crore in FY24, up from Rs 276 crore in the previous year. The company's consolidated revenue from operations surged 15% to Rs 4,787 crore, while net profit jumped 13% to Rs 1,925 crore. This increase was fuelled by a rise in revenue from the central revenue pool, which was supported by the Board of Control for Cricket in India’s (BCCI) record Rs 48,390 crore media rights deal with Disney Star and Viacom18 in 2022.
05.09 / 00:55
markets SUN Enterprise Trade hospital Updates Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index ended the session 81.15 points down at 25198.7, while BSE Sensex fell 202.8 points to 82352.64.
04.09 / 17:32
SUN Action SPY prevention International Chinese spy and top aide of New York mayor got a Ferrari, salted ducks, and a Honolulu apartment as a gift from the government
New York secretly assisted the Chinese government in gaining access to an official call regarding COVID-19 while living a lavish lifestyle as an undercover agent for Beijing. Linda Sun worked her way up to become the governor's deputy chief of staff over a roughly 14-year tenure. Federal prosecutors, however, claim that the 41-year-old secretly shared internal documents with Beijing and prevented Taiwanese diplomats from contacting the state government to help Chinese officials. China is said to have lavished Ms. Sun and her husband, Christopher Hu, with millions of dollars in kickbacks in exchange, enabling them to purchase a $4.1 million (£3.1 million) New York home and other benefits like personalized home delivery of salted duck. Also Read: Nightbitch: Check out new trailer, release date, plot and production team
04.09 / 16:40
markets SUN Enterprise hospital Updates Pharmaceuticals Stock market update: Sugar stocks down as market falls
KCP Sugar & Industries Corporation Ltd.(up 5.00%), Bannari Amman Sugars Ltd.(up 2.35%), EID Parry(India)Ltd.(up 1.55%), Shree Renuka Sugars Ltd.(up 1.50%), Ponni Sugars(Erode)Ltd.(up 0.80%), DCM Shriram Industries Ltd.(up 0.58%), Ugar Sugar Works Ltd.(up 0.54%), Rajshree Sugars & Chemicals Ltd.(up 0.53%), Dhampur Sugar Mills Ltd.(up 0.50%) and KM Sugar Mills Ltd.(up 0.36%) stood among the top gainers.

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