Новости за 20.04.2024

Weak demand has persisted for the past few weeks, as buyers postpone purchases in anticipation of lower prices, said an exporter based at Kakinada, in southern state of Andhra Pradesh.

At a press conference in the Italian city of Capri, US Secretary of State Antony Blinken refused to confirm reports about the Israeli attack. He said the US was not involved in any attack.

Recognizing the intrinsic link between physical health and professional success, Himanshu initiated the '21 Days Fitness Challenge' at Client Associates—a groundbreaking initiative designed to foster unity, vitality, and excellence among his team.

The study estimated that 270 million urban residents could be affected, with nearly 70 million experiencing rapid subsidence of 10 millimetres a year or more. The findings are published in the journal 'Science'.

Vedanta, IOC, and Tech Mahindra are among the top 10 largecap companies that have offered the highest dividend yield in the last one year.

With Infosys predicting a meagre 1% to 3% annual revenue growth and Wipro predicting a likely 1.5% revenue decline in the June quarter with a remote probability of a 0.5% increase, the picture for the current fiscal year is similarly dismal. For recent engineering graduates looking for work in the field, these developments are concerning.

Varma also expressed "great concern" over a projected slowdown in India's growth this year, adding that the latest flare-up in the Middle East had not changed his argument for a rate cut.

In January 2024, credit to the industry expanded by 7.8% y-o-y, down from the 8.7% growth recorded in January 2023.

Given the declining trajectory of local inflation - particularly core inflation - it is unlikely that the Reserve Bank of India would turn to rate hikes after maintaining a status quo on rates for more than a year. What the rise in swap rates show more than anything else is heightened risk aversion and the damage done to rate cut expectations by the abrupt ratcheting up of tensions in the Middle East.

Elon Musk delays India visit until after elections, canceling meetings with PM Modi and startups. Uncertainty surrounds discussions on EV plant, Starlink service, and global mobile broadband.

Brokerages adjust Infosys' share targets post revenue cut. Stock at ₹1,411.95, target post Q4: ₹1,582.12 (12% upside). Analysts note slow discretionary demand despite sector bottoming out, Infosys' attractive valuation.

Elon Musk has delayed his scheduled trip to India, where he was supposed to meet Prime Minister Narendra Modi and unveil Tesla's plans to enter the South Asian market. The reason for the postponement is unknown, and neither Tesla nor Modi's office has commented on the matter. Musk had expressed anticipation for the meeting on social media earlier.

The S&P 500 index closed down 0.9%, dropping for the sixth straight session and the third straight week, leaving it more than 5% below its March 28 closing high. The Nasdaq 100 declined 2.1%, and recorded the deepest weekly drop since November 2022.

Netflix slumped as one of the bigger drags on the benchmark S&P index and Nasdaq after the video streaming company's second-quarter revenue view fell short of analysts' expectations while the company also unexpectedly said it would no longer provide subscriber counts.

Moschip Technologies was the top gainer in the smallcap pack with a 35% return, followed by Solara Active Pharma (34%), Dhani Services (27%), and Likhitha Infrastructure (25%).

India's stock indices rose post volatile trading due to traders covering bearish bets on Israel-Iran conflict hopes. Rupee strengthened on likely RBI dollar sales, while gold surged. NSE's Nifty closed higher.

Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year.

The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss.

'The Jinx Part Two' is a six-episode docuseries featuring a peep into Robert Durst’s life in prison. It contains new interviews, re-enactments and new people who have now come forward with information about Durst himself.

Tesla reduced Model Y, Model X, and Model S prices by $2,000 in the U.S. Model Y starts at $42,990. Model S base version costs $72,990, while Model X base variant is $77,990.