Tesla’s stock fell more than 12% after CEO Elon Musk issued a warning that sales growth would not pick up this year, even in spite of price cuts that have already negatively impacted the company’s margins and heightened investor apprehension about weak demand and competition from China. Elon Musk stated on Wednesday that growth will…
An agreement has been signed by Airbus and the Tata group to co-manufacture the H125 single-engine helicopters made by the European aircraft manufacturer and to establish a Final Assembly Line (FAL) for commercial use in Vadodara, Gujarat. By mid-2024, the 36-acre FAL will be prepared, and by November of that same year, operations will begin….
Budget 2024 Expectations: Commodity markets have emerged as a reliable exchange for managing the risks associated with commodity trading in India. However, the growth rate has slowed since the Commodity Transaction Tax (CTT) was implemented in 2013. Commodity markets still have a huge unfinished agenda. The interim budget 2024 could be a good start in…
According to a press release issued by the Tel Aviv Stock Exchange on Wednesday, billionaire hedge fund manager Bill Ackman and his spouse Neri Oxman are purchasing a nearly 5% stake in the company. According to CNBC calculations, the announcement coincided with the Israeli exchange announcing the pricing of a secondary offering of 17,156,677 shares,…
The $100 million Plastic Waste Reduction-Linked Bond, which is principal-protected, has a seven-year maturity period and is priced by the World Bank (International Bank for Reconstruction and Development, or IBRD). With this novel bond, investors receive a financial return that is correlated with the Voluntary Carbon Units (carbon credits) and Plastic Waste Collection Credits (plastic…
Stock Market Holiday: On January 26, 2024, is the NSE open? On Republic Day, is BSE open? On Friday, January 26, the BSE and NSE stock exchanges will be closed in observance of the 75th Republic Day. Republic Day commemorates the day on January 26, 1950, when India became a republic and adopted its constitution….
With its initial breach of the $3 trillion mark on Wednesday, Microsoft’s stock value continues to be the second most valuable in the world, trailing only Apple in that regard. Since the beginning of the year, Microsoft and Apple shares have been competing to be the most capitalized stock on Wall Street; earlier in January,…
The Indian government plans to expand the number of projects under the “Parvatmala Pariyojana” National Ropeways Development Programme, with over 200 projects valued at Rs 1.25 lakh Cr to be constructed in 5 years.Speaking at the ‘Ropeway: Symposium-Cum-Exhibition’ in New Delhi on Tuesday, Union Minister Nitin Gadkari discussed the government’s goal of making ropeways commercially…
Stock Market Today: Following the ‘Pran Pratishtha’ at the Ayodhya Ram Mandir, the Maharashtra State Government has declared a public holiday on Monday, January 22, 2024. As a result, trading at the Bombay Stock Exchange (BSE) and the National Exchange (NSE) will be suspended today. So, the Indian exchange has announced a stock market holiday…
Ashok Leyland, one of India’s leading commercial vehicle manufacturers, has received an order from Karnataka State Transport Undertakings to supply 1,225 fully built Viking buses by April 2024. The order is worth an estimated Rs 522 crore. With this latest order, Ashok Leyland has become the preferred brand among Karnataka State Transport Undertakings (STUs), which…
