Tag: the llv

  • Sugar Stocks Surge: Market Highlights You Can’t Miss!

    Sugar Stocks Surge: Market Highlights You Can’t Miss!

    On Wednesday morning, sugar company shares were doing well. Bannari Amman Sugars Ltd. saw a big boost, rising by 5.22%. Other companies like EID Parry and Sakthi Sugars also increased, with gains of 2.15% and 0.95%, respectively.

    A few companies did not perform as well. Balrampur Chini Mills saw a drop of 3.15%, and Simbhaoli Sugars fell 2.13%.

    At around 10:09 AM, the NSE Nifty50 index was up by 100.25 points, reaching 24557.4. The BSE Sensex was up 378.35 points, sitting at 81224.1.

    In other news, companies like SBI Life Insurance and HDFC Life Insurance were among the top gainers, both increasing by around 2%. However, some companies like Cipla and Bharti Airtel saw their shares decline.

  • Gunshots Fired at Golden Temple: Akali Leaders Under Fire During Service

    Gunshots Fired at Golden Temple: Akali Leaders Under Fire During Service

    On Wednesday, there was a shocking incident at the Golden Temple in Amritsar, Punjab, where bullets were fired. This happened while leaders of the Shiromani Akali Dal (SAD), including Sukhbir Singh Badal, were doing a service known as ‘seva’ as part of a punishment given by Sri Akal Takht Sahib.

    The police arrested a man named Narain Singh Chaura, who tried to shoot Sukhbir Singh Badal. Chaura, a former militant, has been involved in many criminal cases and had been hiding from the law. At the time of the shooting, he was standing very close to Badal. Thankfully, a helper (called a ‘sewadar’) pushed Chaura’s hand up just in time, preventing the bullet from hitting Badal.

    Sukhbir Singh Badal was at the Golden Temple to fulfill a religious punishment after the Sikh leaders said he needed to serve. He was in a blue ‘sewadar’ uniform and used a wheelchair because of a broken leg. Alongside him was another senior leader, Sukhdev Singh Dhindsa, also in a wheelchair due to age, working to show they were serving their ‘tankhah’ (punishment). They cleaned and washed dishes for one hour as part of their duty. Other leaders, like former ministers Bikram Singh Majithia and Daljit Singh Cheema, also helped by cleaning and washing utensils.

    Small signs were hung around Badal and Dhindsa’s necks that explained their “mistakes.” This punishment was given for errors made during the Shiromani Akali Dal government’s time from 2007 to 2017.

  • India’s Inflation: Why Rural Spending Keeps Prices High in 2024

    India’s Inflation: Why Rural Spending Keeps Prices High in 2024

    A new report from the State Bank of India (SBI) says that consumer prices in India will likely stay above 5% for the rest of 2024. Even though vegetable and protein prices went down a lot in November, food prices are still high because people in rural areas are still buying a lot of food.

    The report points out that in rural areas, food is a big part of what people spend their money on. This means that food prices may stay high for a while. In October, the retail inflation rate was 6.21%, which is more than what the Reserve Bank of India (RBI) wants, which is 6%. This jump in inflation is mainly because of rising food prices, which have increased sharply over the past three months.

    The report also mentions that around 40% of India’s inflation is influenced by imported goods. This makes it harder for the RBI to raise interest rates because it wants to keep inflation down. On top of that, government programs that give money directly to people have helped rural families buy more essential goods, as their income has improved.

    However, even though the rural economy is strong, it can’t make up for the drop in spending in cities. Urban consumers are spending less because they no longer have the extra savings they built up during the pandemic.

    In summary, the Indian economy is in a mixed situation. Rural areas are doing okay, which helps with inflation, but city spending is still lagging behind.

  • Top Stock Picks: JSW Infra, GAIL, and Supreme Industries

    Top Stock Picks: JSW Infra, GAIL, and Supreme Industries

    Brokerages are feeling positive about JSW Infrastructure, GAIL India, and Supreme Industries. They see strong growth opportunities and good value in these stocks.

    JSW Infrastructure: Investec has recommended buying shares of JSW Infrastructure with a target price of Rs 370, which means a potential rise of 15% from the current price of Rs 321. They believe that this company can grow its revenue significantly because of strong demand for its services over the next few years. The growth is expected from more cargo being handled at their new terminal and help from the JSW Group. The government’s push for privatizing ports also opens up new chances for the company. Also, JPW’s long-term contracts give it a solid outlook for the future. Even though the stock is priced higher than some others, Investec thinks it’s worth it due to the company’s strong growth potential.

    GAIL India: Jefferies has rated GAIL India as a good buy, with a target price now at Rs 235, which gives a potential 17% rise from the current price of Rs 200. Jefferies believes that the demand for gas in India will remain strong, thanks to new local sources, LNG contracts, and better pipeline connections. They think GAIL can grab a bigger share of the gas transmission market once two new pipelines start working in FY26. If GAIL can increase prices soon, their business could see a boost. The expected earnings growth looks good too, making the stock appealing.

    Supreme Industries: Jefferies has also given a buy rating for Supreme Industries, setting a target price of Rs 6,450, suggesting a potential rise of 35% from the current price of Rs 4,763. The company is expecting to sell over 20% more products soon due to seasonal demand and new projects. They also plan to increase their production capacity by 13% by March 2025. Additionally, a recent price rise in PVC (a key material for their products) gives Supreme Industries a brighter outlook. Jefferies sees this company as a solid choice in plumbing, agriculture, and infrastructure, predicting strong earnings growth in the coming years.

    (With insights from NiftyStat)

    (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)

  • Byju’s Executives Face Major Fines Amid Bankruptcy Crisis

    Byju’s Executives Face Major Fines Amid Bankruptcy Crisis

    Byju’s, a well-known Indian tech company, is in serious trouble. Vinay Ravindra, the chief content officer, and his ally Rajendran Vellapalath are facing big financial penalties in the US. A judge is looking into their actions of taking money and assets from companies that are under court control.

    Last Tuesday, a judge named John T. Dorsey said he might make Ravindra and Vellapalath prove why they shouldn’t be punished for their actions. If they can’t explain themselves, they might have to pay a lot of money in fines. Byju’s owes over $1.2 billion to lenders and bought two US education companies for $820 million a while ago.

    Byju’s founder, Byju Raveendran, is dealing with bankruptcy in India after failing to pay US lenders. A Nebraska businessman named William Hailer shared that he spent months trying to help Raveendran regain control of Byju’s US software companies. However, the attempt failed, and he ended up accusing Raveendran of using bad business practices.

    The lenders want the judge to punish Ravindra, Vellapalath, and Vellapalath’s tech company, Voizzit, for allegedly taking more than $1 million in cash and valuable resources from the US education companies, Epic! Creations and Tangible Play.

    Vellapalath joined the court hearing via video from Dubai. He claimed that Voizzit owned Epic! and Tangible Play, and since Voizzit loaned Byju’s over $100 million in 2023, it had the right to take control. However, the judge did not find his explanation believable.

    Byju Raveendran is trying hard to take back control of his struggling education tech company. Meanwhile, he faces accusations of hiding $533 million that should have been paid to creditors. Byju’s is also dealing with financial problems in India, where a court expert is trying to find ways to pay back the lenders.

  • Google’s New AI Tools: Your Shield Against Online Scams and Threats

    Google’s New AI Tools: Your Shield Against Online Scams and Threats

    Google is working hard to make its AI (artificial intelligence) tools available in all its apps and services. Soon, they will help warn you if you visit a dangerous website or download a file that could contain a virus.

    With so many cybercrimes happening, it’s becoming tricky for people to stay safe online. These new AI features are being tested and will likely be part of the next updates for Google Chrome.

    How Google AI Will Help You Avoid Scams

    Online scams are on the rise, and Google wants to use its power to help you stay safe. Their new AI feature will offer real-time protection against harmful websites and any files you download.

    A recent attack called the wedding card scam shows just how important this is. Google has the ability to make a difference and help people like you avoid getting scammed.

    Additionally, Google wants to help you understand which websites are safe. You’ll be able to easily access information about the trustworthiness of websites. They will provide details using support from services like Trust Pilot, Scam Advisor, and Google itself.

    Google also has a feature called Play Protect in the Play Store. This ensures you are protected against harmful apps that you might accidentally download on your Android phone. They are also changing their approach to allow users to sideload apps, which is a special feature of open-source platforms.

    Stay tuned for these exciting updates—it’s all about keeping you safe online!

  • Abha Power & Steel: Exciting IPO Launch and Strong Growth Insights!

    Abha Power & Steel: Exciting IPO Launch and Strong Growth Insights!

    Exciting news! Abha Power and Steel’s shares will begin trading on the NSE SME platform this Wednesday. Before they start trading, the shares are priced at around Rs 75, with a good chance of a profit of about Rs 15 in the grey market, which means they might open with a 20% increase! However, remember that grey market prices can change quickly and are not a sure sign of real value.

    The company raised Rs 38 crores from its SME IPO, which saw a lot of interest, being 18 times oversubscribed, mainly by small investors. They plan to use the money to upgrade their manufacturing facilities in Bilaspur, Chhattisgarh, and to manage their daily business expenses.

    Abha Power and Steel is located in a resource-rich area in central India, focusing on making iron and steel products. They create a wide range of goods, from small parts weighing 0.5 kg to big ones that are 6 tonnes! The company has special certifications to supply its products to Indian Railways and other major organizations, ensuring their quality.

    This past year, despite a 6% drop in sales, the company saw a fantastic 170% increase in its profit after tax. This shows that they are doing well even when facing challenges!

  • Invest in Nisus Finance: IPO Opens Today with Key Details!

    Invest in Nisus Finance: IPO Opens Today with Key Details!

    Today marks the opening of the Nisus Finance Services IPO! It will be available for you to buy shares until December 6. The company wants to raise ₹114 crore by selling shares on the NSE SME platform. Here are 10 important things you should know before you decide to invest:

    1. What’s the Size of the IPO?
    The IPO includes new shares worth ₹101 crore and an offer for sale of 7 lakh shares.

    2. Price of Shares
    You can buy shares for ₹170 to ₹180 each. You have to buy them in lots of 800 shares.

    3. GMP (Grey Market Premium)
    The shares are trading in the unlisted market at a premium of ₹50, which is around 28% more than the IPO price.

    4. About Nisus Finance Services
    Nisus Finance is involved in giving financial advice and managing funds. The company and its subsidiaries focus on money management for real estate and urban projects.

    5. Investment Trends
    Many investments in the industry go into unlisted shares and debt instruments, with significant amounts also in listed shares.

    6. Company Financials
    As of June 2024, Nisus Finance earned ₹13.58 crore in total revenue and made a profit of ₹8.3 crore.

    7. Why is the IPO Being Offered?
    The money raised will help improve services, get more licenses, manage facilities, and support fund activities in locations like Gandhinagar, Dubai, and Mauritius.

    8. Who is Managing the IPO?
    Beeline Capital Advisors is the lead manager, and Skyline Financial Services is the registrar for this IPO.

    9. Who Can Buy?
    Almost half (50%) of the shares are for institutional investors, 35% for regular people like you, and 15% for smaller investors.

    10. Key Dates to Remember
    The IPO opened on December 4 and closes on December 6. Results for who gets shares will be announced on December 9, and shares might start trading on December 11.

    (Disclaimer: The opinions shared here are those of the experts and do not necessarily reflect the views of Niftystat.)

  • Amazon Unveils Exciting New AI Tools for Text, Image, and Video Creation!

    Amazon Unveils Exciting New AI Tools for Text, Image, and Video Creation!

    Amazon recently revealed new artificial intelligence tools at its big AWS conference in Las Vegas. These tools, called foundation models, let users create text, images, and videos easily. This move puts Amazon in competition with companies like Adobe and Meta, which are also offering cool AI services to help customers.

    During the conference, Amazon’s CEO, Andy Jassy, shared that developers had many wishes for AI improvements. They wanted faster results, lower costs, and better ways to customize the tools. With these new offerings, Amazon aims to shake off opinions that it was slow to develop AI technology while others rushed ahead.

    One exciting feature is called Nova Reel, which lets people make short videos, like six seconds long, perfect for showing products on Amazon. Soon, users will be able to create videos that last up to two minutes. People in the entertainment industry are eager to use these tools to speed up filmmaking.

    However, there are concerns about whether these AI systems might steal ideas from other creators. Amazon also introduced Canvas, a tool that makes images from short text descriptions. Jassy assured users that they will include watermarks to ensure the content is used safely and responsibly.

    Other new features will help people quickly analyze and process text as well. Overall, these tools are designed to make creative work easier and more efficient.

  • Beckhams Make a Splash at Their First Royal Banquet in Buckingham Palace!

    Beckhams Make a Splash at Their First Royal Banquet in Buckingham Palace!

    Famous couple David and Victoria Beckham went to their first-ever state banquet at Buckingham Palace. They joined the King and Queen to honor the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

    David Beckham, a former England soccer captain, got invited because he worked closely with Qatar while promoting the 2022 FIFA World Cup. He reportedly earned around £10 million for that job. However, he faced a lot of criticism due to Qatar’s tough laws against same-sex relationships.

    During the banquet, guests enjoyed a fancy dinner with dishes like Windsor pheasant, Cornish lobsters, and a special dessert featuring Balmoral plum sorbet. Other guests included British Prime Minister Sir Keir Starmer and the Prince of Wales.

    Missing from the event was the Princess of Wales, who left early to continue her recovery from cancer treatment.

    David looked sharp in formal attire while Victoria stole the show in a long, elegant dark purple gown from her own fashion line. They walked together to the ballroom and shared sweet moments, like holding hands for a photo.

    Even though they attended together, they sat apart at the banquet table. David sat by Kemi Badenoch, a member of parliament, while Victoria was seated between two lords.

    After dinner, guests enjoyed a special non-alcoholic drink designed to match the colors of the Qatari flag. The drink is called Royal Mirage and includes smoked pomegranate and ginger.

    The banquet table was beautifully decorated with red and white flowers that reflected the Qatari flag. The royal couple even checked how everything looked before the guests arrived.

    David Beckham has built a good friendship with the royal family over the years. Recently, he became a celebrity ambassador for King Charles’s charity, The King’s Foundation.

    The Beckhams have a strong connection to the royal family, having attended important events like Prince Harry and Meghan Markle’s wedding as well as William and Kate’s wedding. David waited in line for 13 hours to pay his respects to the late Queen lying in state.

    Victoria Beckham’s fashion designs have also been worn by various royals in the past. She received an OBE award from Prince William for her work in the fashion industry.

    During the banquet, guests enjoyed light music by a string quartet while delicious food was served. After the banquet, the beautiful flowers were given to charity to brighten the lives of those in hospices and care homes.