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- What a Crackdown on Immigration Could Mean for Cheap Milk
Undocumented labor quietly props up the entire American economy — but nowhere more dramatically than on dairy farms. - The Mystery That’s Too Good to Solve
Who built the Shell Grotto, and why do we care so much? - Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results
Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas. - Bank of America tops estimates on better-than-expected trading revenue
Bank of America benefitted from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did. - Boeing to raise as much as $25 billion to shore up balance sheet
The equity or debt raise of up to $25 billion would be over three years Boeing said. - Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone. - Iron & Steel, Housing Finance, and PSU Banks among most undervalued PSU sectors: Value Stocks
Value Stocks research found that 16 out of 26 PSU subgroups are undervalued. Iron & Steel, Housing Finance, and PSU Banks are highlighted as undervalued sectors with attractive investment opportunities. - PMS Tracker: HNIs manage to eke out double-digit returns in 2 funds
In September, at least two PMS schemes significantly outperformed benchmarks, achieving double-digit returns of up to 12%. According to data from PMS Bazaar, Pace Financial's Tresor SKG India Value Fund was the top performer, delivering a monthly return of 12%, followed by Molecule Ventures' Quant Fund with a return of 10.28%. Other notable winners included Sundaram's SISOP Fund, Emkay's Golden Decade of Growth, Wryght's Alpha Fund, and InCred's Healthcare Portfolio. - Hyundai IPO valuation: How it stacks against rivals Maruti Suzuki, M&M and Tata Motors
Hyundai Motor India will launch a Rs 27,870 crore IPO, expected to trade at 26X FY2024 earnings. Brokers have mixed views on its valuation. Some see it as high with limited short-term gains, while others find it fair compared to rivals Maruti Suzuki and Tata Motors. The listing is on October 22. - HCL Tech shares jump 1% as Q2 profit jumps 10.5% YoY. Brokerage firms raise target prices
HCL Technologies shares climb 1.3% after reporting a 10.5% increase in Q2 net profit to Rs 4,235 crore, with revenue up by 8.2% to Rs 28,862 crore. Brokerages raise target prices, expecting sustained growth driven by solid deal pipelines and strategic focus on Data & AI, Digital Engineering, and SAP migration. - Big movers on D-Street: What should investors do with RIL, HCL Tech and HDFC Life?
Benchmark BSE Sensex surged nearly 592 points, with Nifty reclaiming the 25,000 level amid a strong global trend. Highlighted stocks include RIL, HCL Tech, and HDFC Life, each showing varied performances and trends. Experts advise cautious trading, focusing on technical indicators and price action before making decisions. - Fund Manager Talk | Defence and rail PSU stocks fall up to 40%. Viraj Gandhi on what should investor
The multi cap category's market share has increased from 2.5% in November 2021 to nearly 6% by August 2024. Over the last 36 months, this category has grown at the quickest rate. - Meet Kash Patel, the likely CIA chief under Donald Trump, who has a secret plan to remove 'Govt Gang
Charles Kupperman expressed concerns about Donald Trump's plan to fill a second administration with loyalists like Kash Patel. Patel gained prominence in the Trump administration and pursued various ventures post-2020 election. His roles included controversial stints in national security and the Pentagon, highlighting his influence and ambitions in line with Trump's agenda. - Cyient and Business Finland join forces to boost tech innovation, stocks advances
The memorandum of understanding (MoU) signed on October 15, 2024, aims to collaborate on cutting-edge technologies including 5G, AI, sustainability solutions, space technology, and robotics - IndianOil, EverEnviro to form JV for advancing biofuels adoption
These initiatives complement IndianOil’s long-term low-carbon development strategy and achievement of operational Net Zero goal by 2046, which will also help in achieving the Net-Zero target for India by the year 2070 - Markets drift lower midday as banks rise, auto stocks skid
As of 12:45 pm, the benchmark Sensex was down 174.10 points or 0.21% at 81,798.95, while the broader Nifty50 index shed 52.35 points or 0.21% to trade at 25,075.60 - Hindustan Unilever appeals tax demand, seeks stay, stocks trade flat
The company disclosed this information to stock exchanges on October 14, 2024, in compliance with SEBI regulations - Explained: Why are Gulf nations concerned about potential Israeli attacks on Iran’s oil facilities?
Experts say that efforts to stop an escalation of hostilities are vital to prevent serious consequences for the global economy. - Tata Group to create 5 lakh manufacturing jobs in five years, says N Chandrasekaran
Chandrasekaran highlighted that these manufacturing jobs have a multiplier effect, creating additional opportunities across the ecosystem - IBM expands renewable energy efforts with acquisition of Prescinto
This move aims to bolster IBM’s leadership in the energy and utility sector, addressing the growing demand for efficient management of renewable energy sources such as wind and solar - India-Canada diplomatic strain hits airlines as visa delays impact travel
In 2023, over 2.2 million passengers flew between the two countries, with Air Canada and Air India being the major carriers. - EaseMyTrip launches “Travel Utsav Sale” with steep discounts, stock slips
This sale is poised to delight travellers with substantial discounts, offering up to 34% off on flights, 65% off on hotel bookings, and flat discounts on bus and cab services, with holiday packages beginning at a mere ₹6,999 - Tamil Nadu rains: Heavy rain wreaks havoc in Chennai, causing widespread disruption
- Sealmatic India expands to Saudi Arabia with new partnership, shares dip
This collaboration is set to enhance the sales, repair, and refurbishment services of mechanical seals in Saudi Arabia, targeting vital industries such as oil and gas, petrochemicals, power, and water desalination - Bank Nifty Prediction Today – October 15, 2024: Go long on a break above the resistance
Bank Nifty October Futures contract can rise to 52,700 on a break above 52,200 - Extremely heavy rain seen for parts of Tamil Nadu, coastal Andhra Pradesh as depression brews over B
South-west monsoon may exit land by Wednesday and yield ground for north-east monsoon, says IMD - Nifty Prediction Today – October 15, 2024: Go short on a rise
Nifty 50 October Futures contract can fall to 25,000-24,900 - WABAG secures ₹1,000 crore desalination plant order from Indosol Solar, stocks surge
This marks WABAG’s entry into the Solar PV sector, expanding its portfolio in the desalination market where it ranks among the top five global players - Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and traded in a tight range - Crude oil futures dip amid easing Middle East tensions
Brent and WTI oil futures saw declines of over 3%, with MCX crude oil futures also experiencing significant drops. - RIL Stocks/ Reliance Share Price Live Updates: Reliance Industries stock ends 2% lower after Q2 resu
Reliance Industries/RIL Stocks, Reliance Share Price Today Live Updates October 15, 2024: Reliance Industries stock in focus - Indian markets open flat amid mixed global cues; IT and telecom stocks in focus
Sector-wise, performances were mixed; BPCL, Bharti Airtel, and Infosys led gains, while ONGC and Tata Steel were among the top losers. - IMF says global public debt to top $100 trillion, growth may accelerate
The Fiscal Monitor said there are good reasons to believe future debt levels could be well higher than currently projected, including a desire to spend more in the U.S., the world's largest economy - Chennai rains: Water logging hits roads; IMD warns of approaching depression
The IMD has forecasted that the low-pressure area over the southeast Bay of Bengal is expected to intensify into a depression, moving towards north Tamil Nadu, Puducherry, and south Andhra Pradesh - HDFC AMC to report 33% rise in Q2 profit
The revenue of the asset management company will increase 34 per cent to ₹865 crore against ₹643 crore reported in the previous quarter of the last fiscal year - Hyundai Motor’s ₹27,870-crore IPO opens today
Mother of all IPOs raised ₹8,315 crore from anchor investors - Sensex, Nifty likely to see mild gains; RIL, HCL Tech, banking stocks in focus
Analysts predict that while a healthy kharif harvest might mitigate food inflation from the third quarter, unseasonal rains threaten to exacerbate the situation, potentially impacting crop yields and inflating food prices further. - Nijjar killing row: Canada seeks diplomatic immunity waiver; India rejects as political agenda
New Delhi described the accusations as baseless and politically motivated, claiming they serve Prime Minister Justin Trudeau’s domestic vote-bank agenda. - Stocks that will see action today: October 15, 2024
Buzzing stocks: Reliance, Sunteck Realty, Transformers & Rectifiers, Atul Auto, Voltas, Blue Star, Lemon Tree, JSW Energy, Can Fin Homes, Trent, HDFC Life, HDFC Asset Management, PVR Inox, Rallis India, DMR Hydro, Gujarat Hotels, Stylam Ind, Sybly Ind - Europa Clipper: NASA’s billion-dollar mission to explore the potential for life on Jupiter’s Moon
Embarking on a 1.8 million-mile journey from Kennedy Space Centre, the spacecraft is set to reach Jupiter in 5 1/2 years, utilising gravity assists from Mars and Earth - Stock Market Highlights: Sensex, Nifty settle marginally lower; Sensex closes 152 points down at 81,
Sensex, Nifty, Share Prices: Indian stock markets ended lower on Tuesday, October 15, 2024, as concerns over global economic uncertainty and the ongoing West Asia conflict weighed on investor sentiment. The benchmark Sensex closed at 81,820.12, down 152.93 points or 0.19 per cent, while the Nifty50 index settled at 25,057.35, declining 70.60 points or 0.28 per cent. The day’s trading session was marked by volatility, with key indices opening higher but failing to maintain momentum. Prashanth Ta - Stock to buy today: Kalyan Jewellers India (₹751.10): BUY
Kalyan Jewellers India share price can rise to ₹850 - Day Trading Guide for October 15, 2024: Intraday supports, resistances for Nifty50 stocks
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI - Today’s Stock Recommendation: October 15, 2024
BL Today’s Pick, Stock Recommendation for October 15, 2024: Get all the Stock Recommendations & our Experts views for today’s pick on Indian Stock Market - Why the US is giving Israel a powerful Thaad anti-missile system
The move has been the focus of attention as it involves putting American boots on the ground in Israel. - Harris courts black and Latino votes as polls suggest Trump gains
Recent polling indicates Trump is having success with both groups, in part due to his message on the economy. - How relations between India and Canada hit rock bottom
India and Canada expelled diplomats as tensions rose over last year's killing of a Sikh separatist in Canada. - Moment North Korea blows up roads connecting to South Korea
Pyongyang vowed to sever road and railway access to South Korea in a bid to “completely separate” the two countries. - Prague to ban organised night-time pub crawls
Travel agency-organised pub crawls will be banned in the Czech capital at night, the council says. - Al Pacino says 'it's fun' to be a new dad at 84
The Hollywood star discusses fatherhood, The Godfather and playing chess.
