Samsung introduced its latest smartphone in India under the Galaxy A series with the launch of the Galaxy A05. The smartphone comes with a 50MP wide-angle camera and is available in two variants – 6GB+128 GB and 4GB+64GB, priced at Rs 12,499 and Rs 9,999, respectively. It will be available in three different colors. The…
Renowned hedge fund tycoon Ray Dalio expressed his optimism about the investment potential in the Gulf states, particularly the United Arab Emirates, amidst global volatility. Dalio highlighted the UAE’s favorable financial situation and its emergence as a renaissance state, positioning it as an attractive investment destination. Dalio, the founder of Bridgewater Associates, the world’s largest…
“Raymond’s CEO Embroiled in Controversy: IiAS Urges Independent Investigation” Gautam Singhania, the chairman and managing director of Raymond, has found himself at the center of a firestorm as allegations of assault and financial misconduct have surfaced against him. The company’s shares have plummeted by 15% following a public spat with his wife, Nawaz Modi Singhania….
India’s Biggest Automaker, Maruti Suzuki, to Increase Vehicle Prices in January 2024 India’s largest automakers, Maruti Suzuki and Tata Motors, are planning to implement a price increase for their vehicles beginning in January 2024. Audi has also announced a price hike of up to 2%, signaling that other automakers may follow suit. The driving force…
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ICRA, a leading credit rating agency, is forecasting a slight sequential improvement in the credit metrics of India Inc. for the October-December quarter of 2023-2024. According to ICRA, the interest coverage ratio is expected to increase to 4.5-5.0 times in Q3 FY2024 from 4.5 times in Q2 FY2024. The interest coverage ratio is a measure…
Amazon is revolutionizing its palm-scanning technology with the launch of Amazon One Enterprise, designed for corporate use. This palm-based system will allow employees to swipe their hand to gain access to offices or sensitive information. Several companies, including IHG Hotels and Resorts, Boon Edam, and Kone, have already embraced this biometric technology, which Amazon claims…
Wells Fargo Securities has officially released its forecast for the stock market in 2024. Chris Harvey, the head of equity strategy at the firm, has set a year-end target for the S&P 500 at 4,625, but he anticipates a volatile path to reaching that goal. Harvey expressed caution about the market’s performance in the first…
President Joe Biden addressed corporations on Monday, criticizing them for maintaining artificially high prices as inflation has slowed and some shipping costs have decreased. He called for the end of price-gouging and urged corporations to give American consumers a break. While the annual rate of inflation has cooled from its peak in the summer, it…
CNBC Investing Club with Jim Cramer Releases Homestretch Audio Feature Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. In the latest edition, the market was seen bouncing around as it consolidated its recent gains. As a response to…
