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google: Yahoo rejected two PhD students' $1 million offer for their site. Here's why they are still "thankful" for it - The Economic Times
Stanford PhD students, Larry Page and Sergey Brin, created Google, a search engine initially rejected by Yahoo and Excite. Google's AdWords revolutionized digital advertising, propelling its growth. Yahoo missed opportunities to acquire Google, ultimately losing its competitive edge in the search market.
Donald Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth - The Economic Times
Economists predict that the U.S. could impose nearly 40% tariffs on Chinese imports in early 2025, potentially reducing China's economic growth by up to 1 percentage point. While most don't anticipate blanket 60% tariffs, the move could necessitate increased stimulus from Chinese policymakers to offset the impact on exports.
Zinka Logistics shares to debut on Friday. Here's what GMP indicates - The Economic Times
Zinka Logistics is set to debut on the stock market with its shares expected to list at a flat premium. The company's IPO was met with a decent response from investors. Zinka Logistics aims to revolutionize India's trucking industry through its BlackBuck app, which provides a range of services for truck operators, including payments, load management, and vehicle financing.
earnings: ETMarkets Smart Talk: IT and Financials: The sectors to watch amid moderate market returns - The Economic Times
The earnings print in the recently reported quarter were not exciting. Input cost moderation led to strong earnings growth in FY24. Considering the high base, a meaningful improvement in volume is required to sustain the earnings momentum.
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment - The Economic Times
U.S. regulators are urging a federal judge to order the breakup of Google, arguing that it's necessary to curb the company's monopolistic grip on the search market. The Justice Department's proposal includes forcing Google to sell its Chrome browser and implement measures to prevent Android from favoring its search engine.
PSP Projects share price: PSP Projects shares dip 9% as Adani Infra to buy 30% stake in company - The Economic Times
PSP Projects share price: Adani Infra is set to acquire a 30.07% stake in PSP Projects from existing shareholder Prahladbhai S. Patel. The deal aims to boost PSP Projects' growth in the Indian infrastructure sector, with Adani planning significant investments. PSP Projects will retain its current leadership, but Adani Infra will gain equal board representation.
Nifty: Fewer stocks suffer deep cuts in the current selloff - The Economic Times
The study compared how many stocks fell by what extent whenever the benchmark indices fell at least 10% from their highs. In the past decade, the Nifty has fallen at least 10% from its highs on at least six occasions (including the current one). In most of these instances, more mid-cap and small-cap stocks have fallen at least 30% than in the ongoing declines.
Europe is gaslighting itself about its energy woes - The Economic Times
Europe is facing another winter of high energy prices as the luck of favourable weather and low Asian demand for LNG has run out. Despite efforts to diversify, Europe remains reliant on Russian gas, raising questions about its commitment to weaning itself off Russian energy while supporting Ukraine.
How Tulsi Gabbard, Donald Trump's pick for Director of National Intelligence, became Russian media's 'Comrade' - The Economic Times
President-elect Donald Trump has chosen former Democratic Congresswoman Tulsi Gabbard to lead the U.S. intelligence community, raising concerns due to her history of echoing Russian government viewpoints, particularly on the war in Ukraine.
DPIIT approves RCap's acquisition by IndusInd International Holdings - The Economic Times
The Department for Promotion of Industry and Internal Trade (DPIIT) has given the green light to the ₹10,000-crore acquisition of Reliance Capital by IndusInd International Holdings (IIHL). This approval clears the final regulatory hurdle for the deal.
US pledges $4 Billion to replenish World Bank's International Development Association - The Economic Times
The International Development Association (IDA) is part of the World Bank that helps low-income countries. Established in 1960, IDA complements the World Bank's original lending arm, the International Bank for Reconstruction and Development (IBRD).
Bad air chokes the life out of a vibrant Pakistani city - The Economic Times
Lahore, Pakistan, a city known for its vibrant night life, is grappling with hazardous smog levels. The government has imposed restrictions, including early closures of markets and wedding halls, to combat the pollution crisis. The smog, attributed to various factors like vehicle emissions and industrial activity, has severely impacted daily life and public health, particularly affecting children and the poor.
SME IPO: Sebi mulls doubling application size up to Rs 4 lakh, floats consultation paper - The Economic Times
SME IPO: The Securities and exchange board of India (Sebi) on Tuesday released a consultation paper and sought public feedback on suggestions made by the stock exchanges and merchant bankers to increase the application size.
China trying to improve ties with India to ease off US pressure from Trump: Business leader - The Economic Times
Mukesh Aghi, president of the US-India Strategic and Partnership Forum (USISPF), said: "So, we are seeing an early impact of the Trump administration coming in that has created pressure on China to ease dealing with India. So that's why border patrolling has been agreed upon. Direct flights have been agreed upon."
What HDFC Mutual Fund bought and sold in October. Here’s a breakup - HDFC Mutual Fund | The Economic Times
The fund house had an AUM of Rs 7.84 lakh crore as on October 2024 and manages 132 mutual fund schemes. Here is what the fund house bought and sold in October, according to the monthly data by Prime Database. HDFC Mutual Fund
US envoy: End to Israel-Hezbollah war 'within our grasp' - The Economic Times
U.S. envoy Amos Hochstein expressed optimism for a ceasefire between Israel and Hezbollah after talks in Beirut, stating that a 'real opportunity' exists to end the conflict. While Israel insists on a ceasefire that includes disarming Hezbollah and pushing them back from the border, Lebanon maintains its commitment to the terms of the UN Resolution 1701.
BFSI's 15% YoY Q2 earnings growth outperforms Nifty handsomely. HDFC Bank, ICICI Bank among analysts top bets - The Economic Times
Strong second-quarter earnings from India's banking and financial services industry (BFSI) are attracting investors, with brokerages bullish on large banks and NBFCs. Despite a recent market dip, experts predict a rally once the Reserve Bank of India begins cutting interest rates. Analysts highlight banks' robust profits, stabilizing interest margins, and the potential for growth in the sector.
12 smallcap stocks that mutual funds exited in October: Here’s a breakup - Cashing Out | The Economic Times
According to AMFI, companies ranked from the 251st position onwards in market capitalization are considered small-cap companies. Here are the small-cap stocks from which mutual funds exited in October, according to the Mutual Funds Insight report by Nuvama. Cashing Out
Howard Lutnick: Trump's choice for commerce secretary is a Musk pick, avid crypto fan and big tariff backer - The Economic Times
Donald Trump has nominated Howard Lutnick for the position of commerce secretary. Lutnick is the head of Cantor Fitzgerald and a cryptocurrency enthusiast. He was also a co-chair of Trump's transition team. Lutnick is known for his support of Trump's tariffs plan and cryptocurrency.
BSE500 earnings downgraded by 3%; H2FY25 asking rate high: Nuvama - The Economic Times
India's corporate earnings for Q2FY25 showed an 8% YoY PAT growth for the BSE500, excluding oil marketing companies. However, weak demand and fading margin tailwinds have led to a 3% cut in FY25 EPS estimates. Cement, metals, and energy sectors faced challenges. The outlook for H2FY25 hinges on government spending and rural demand recovery.
Sebi seeks to tighten eligibility criteria for SME IPOs. Here's how - The Economic Times
Sebi is considering tightening rules for SME IPOs to protect retail investors. The regulator proposes to debar companies whose promoters or directors are debarred from the capital market or are wilful defaulters. This move aims to enhance investor protection in the SME IPO segment.
Global economy to see subdued growth amid geopolitical uncertainty in 2025: Barclays Bank - The Economic Times
Barclays Bank predicts subdued global economic growth of 3% in 2025, leading to potentially lower investment returns. While the US economy remains robust, the Eurozone faces slow recovery and China's growth is expected to decline. Investors are advised to prioritise quality assets and consider ESG factors in their decision-making.
FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs - The Economic Times
Indian Finance Minister Nirmala Sitharaman raised concerns about insurance mis-selling, emphasizing its contribution to higher borrowing costs for customers. She urged banks to focus on affordable lending rates to support industrial growth and advocated for digital financial inclusion. Sitharaman highlighted India's economic resilience and the need for transparency in banking practices.
Brent crude prices: Trump pick for energy czar could throw a large hand grenade into fuel prices: Peter McGuire - The Economic Times
XM Australia CEO, Peter McGuire, cautions traders to brace for market volatility in the coming months, citing potential impacts of US-China trade tensions and President Trump's energy policies. McGuire suggests Brent crude prices could drop as low as $65 if geopolitical factors remain stable, driven by Trump's pro-fossil fuel agenda and the appointment of Chris Wright as energy secretary.
IPOs: As equity market cools, wealthy investors stay away from IPOs - The Economic Times
Of the last 10 IPOs, eight saw limited to little participation from high-net-worth individuals (HNIs). While the HNI portions were undersubscribed for Swiggy, Hyundai India, Niva Bupa Health and Godavari Biorefineries, another four barely managed single-digit subscriptions. This is a stark contrast to an average of 116 times HNI subscriptions in the preceding 10 IPOs.
PG Electroplast share price: PG Electroplast shares soar 15% on EV and battery assembly venture - The Economic Times
PG Electroplast share price: PG Electroplast's stock soared 15% after its subsidiary, PG Technoplast, secured an exclusive EV manufacturing partnership with Spiro Mobility in India. This collaboration leverages PG Technoplast's manufacturing prowess and Spiro's expertise in EV technology, aiming to establish a significant presence in the Indian EV market.
Stocks to buy or sell today: SBI, Havells among top 7 trading ideas for 19 November 2024 - The Economic Times
The Indian market is expected to trade higher on 19 November 2024, driven by positive global cues, though caution persists with the India VIX above 15. Options data suggests resistance near 24,000 and support near 23,000. Experts have recommended several stocks for short-term trading, including buys on SBI, Havells, Piramal Enterprises, and Dabur, and sells on BPCL and Siemens.
hot stocks: Hot Stocks: Brokerages see 20-30% upside in Hero MotoCorp, CG Consumer and Grasim - The Economic Times
Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.
India's free trade pacts not paused, all talks progressing as per schedule: Official - The Economic Times
India is proceeding with its free trade agreement negotiations with various countries and blocs, including the UK and the EU, according to a government official. Despite rumors of pauses, talks are progressing as planned, with a meeting between Indian and EU trade representatives scheduled soon.
IGL Share price: CGD firms MGL, IGL shares nosedive 18% on APM gas allocation cuts - The Economic Times
IGL Share Price: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over slower growth & narrower margins.
Hero MotoCorp share price: Hero MotoCorp shares rally 5% after Q2 PAT, revenue see double-digit growth. Should you invest? - The Economic Times
Hero MotoCorp share price: Hero Motocorp's shares surged 5% after reporting a 14% rise in Q2 net profit, reaching ₹1204 crore. Revenue grew 11% to ₹10463 crore, driven by record revenue from parts and accessories. Analysts are optimistic, citing rural market recovery, new launches, and strong brand equity as key growth drivers.
HAL shares rally 4% after Q2 PAT jumps 22% YoY to Rs 1,510 crore - The Economic Times
Hindustan Aeronautics (HAL) shares rose 4% after the company announced a 22% increase in net profit for the quarter ending September 30, 2024. The company's net profit reached Rs 1,510 crore, up from Rs 1,237 crore in the same period last year. Revenue from operations also grew by 6% to Rs 5,976 crore.
LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell's indication of slower rate cuts - The Economic Times
IT stocks came under pressure on Monday after US Federal Chair Jerome Powells comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation and a strong economy, allowing the Fed to approach decisions cautiously. Indian IT stocks, sensitive to US market moves, saw declines of up to 5%, with major companies like LTIMindtree and Wipro hit hardest.
Iran’s Supreme Leader Ali Khamenei reportedly in coma, son chosen as successor in secret meeting - The Economic Times
Israeli media outlet Ynet News, citing Iran International, reports that Iran's Supreme Leader Ayatollah Ali Khamenei is in a coma. The Assembly of Experts allegedly chose his son, Mojtaba Khamenei, as his successor during a secret meeting on September 26. The decision is being kept secret to avoid potential public backlash. Iranian authorities have not confirmed these reports.
Honasa downgraded to ‘Sell’ as shares plunge 20% amid Q2 weakness - The Economic Times
Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to 'SELL' from 'BUY' and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.
Oyo's share dips to Rs 55 despite strong second quarter profits - The Economic Times
Oyo's shares are currently trading at a discounted valuation despite the company reporting strong financial performance and projecting significant EBITDA growth. Investors are closely monitoring the market and anticipating a successful IPO in the future, driven by Oyo's impressive profitability and recent acquisition of G6 Hospitality.
Gold prices continue to drop amid a strong dollar and US inflation concerns; check rates in your city - The Economic Times
Gold prices have dropped by around 6% since Diwali, pressured by a stronger US dollar and rising inflation concerns. The price of 24-carat gold fell from Rs 80,710 to Rs 74,031. The recent uptick in US inflation has sparked fears of a pause in Federal Reserve rate cuts, further weakening gold prices. Check local gold rates for details.