Today’s Cache | Alexa’s AI makeover; Microsoft struggles in the U.K.; India’s smartphone shipments fall
News snippets for Amazon building a more powerful AI, Microsoft struggling in the U.K. and India' s smartphone shipments falling for the third consecutive quarter. Key Points
The HinduTata Motors Q1 Preview: Strong YoY revenue growth likely, led by JLR and PV segments
The profit figure is likely to be around Rs 2,900, according to an average estimate of 7 brokerages. The company had reported a loss of over Rs 5,000 crore in the year-ago period. JLR volumes (excluding China JV) are expected to remain flat quarter-on-quarter, led by a strong order book, leading to flat QoQ revenues in the first quarter Key Points
Economic TimesMaruti Suzuki Q1 preview: Profit may rise 2x YoY on strong sales, margin show
The automaker is seen reporting a 143% YoY rise in net profit to Rs 2,460, according to the average of estimates given by 12 brokerages. Net sales is seen growing nearly 20% YoY to Rs 31,730 crore. Sequentially, the bottomline is likely to decline 6.2% and revenue may drop by about 1% Key Points
Economic TimesTech Mahindra Q2 Preview: Profit to fall 42% YoY; deal wins seen muted
The communications vertical is expected to be the weakest during the September quarter. Deal wins are likely to remain soft similar to the previous two quarters, due to weak macro environment and slow decision-making of businesses. Key Points
Economic Times'Overwhelming response', says Disney Star; IPL TV viewership returns to pre-pandemic levels as viewer fati
As viewers returned to their TV screens for the sixth time in three years, they found other distractions when India returned to a more normal way of life after a nearly 21-month lockdown, leading to a decline in TV viewership. The TVR for the opening fixture saw a decline from 2020 (10.36) to 2021 (8.25) and further to 2022 (5.6). Key Points
Economic Times
Vodafone Idea Q3 results today: Will the telecom operator pleasantly surprise or disappoint?
Vodafone Idea Ltd is expected to see a sequential improvement in performance in the December quarter. Net loss is seen narrowing from the September quarter, while consolidated revenue is expected to remain flat. Average revenue per user (ARPU) is likely to rise 1% sequentially. However, net subscribers are expected to decline. Key Points
Economic TimesJapan's new birth rate hits all-time low in 2023 as demographic woes deepen
The data revealed a 5.1% decline in the number of births from the previous year, reaching 758,631. Key Points
Business TodayWorld Markets today: US stocks trade flat, Intel down 6-week low, slumps 12%
As of 9:49 a.m. ET, the Dow Jones Industrial Average demonstrated a gain of 36.03 points, equivalent to a 0.09% increase, reaching 38,085.16. Key Points
mint'Semiconductor revenue set to grow 17% globally'
Global semiconductor revenue is projected to grow by 16.8% to $624 billion in 2024, according to Gartner. However, in 2023, the market is expected to Key Points
Times Of IndiaStock market closes on negative note as Sensex ends winning streak
India Business News: The stock market ended on a negative note due to weak global sentiment and profit booking in IT shares. The BSE Sensex dropped by 195.16 points, and t Key Points
Times Of India
Beware of bears! BSE Sensex crash wipes out Rs 4.59 lakh crore investors’ wealth today
India Business News: The BSE Sensex crash on Wednesday led to investors losing a significant amount of money. Get all the details on the market decline and its impact on investor wealth. Key Points
Times Of IndiaDow Jones tumbles 400 points as August job survey sends shockwaves through Wall Street
International Business News: Stock markets experienced a decline as Treasury yields surged to a 16-year high. The Dow Jones Industrial Average dropped by 1.2%, the S&P 500 decline Key Points
Times Of IndiaHonda Cars India reports 28% decline in July wholesales
Honda Cars India reported a 28% decline in domestic wholesales in July. However, it remains positive due to demand for its City, Amaze models. Key Points
Hindustan TimesNifty Financial Services index stocks which analysts suggest buying for up to 37% returns
IT companies results brought volatility with downward bias, however financial sector companies and especially insurance sector players, have seen a bounce back after their Q4 results. This could be due to the fact that after the union budget, insurance companies had seen a sharp decline and the market punished them more than required. Will there be other companies in the financial sector which could see similar bounce back. We take a look at what analysts are saying for select financial service stocks. Key Points
Economic TimesApple Inc.’s personal computer shipments declined by 40.5% in the first quarter
Apple Inc.’s personal computer shipments declined by 40.5% in the first quarter, marking a tough start to the year for PC makers still grappling with a glut of unsold inventory. Key Points
mint
Education can’t save you from dementia, new UK study says
Education is thought to allow a person to build a ‘cognitive reserve’ – a sort of buffer against cognitive decline. This study contradicts the idea. Key Points
ThePrintHCL Tech Q4 Preview: What to expect after weak numbers from TCS, Infosys?
HCL Technologies Q4 earnings are due for release. Although the services business is expected to be the driving force behind growth, seasonal weakness has led most analysts to expect a sequential decline in constant currency revenue, with software revenue in particular forecast to report a sharp decline. Reliance Securities sees HCL's revenue declining 1.6% QoQ in CC and Guidances are for an expectation of a 5-7% YoY revenue growth and 18.5-19.5% margin guidance for FY24. Key Points
Economic TimesSpurt in demat additions in May after 3 months of decline
After declining for 10 consecutive months, the number of active users on NSE improved to 31.25 million in May from 31.16 million in the previous month. May had 22 trading days versus 17 in April. Key Points
FinancialexpressRupee flat, far forward premiums extend decline to 2-1/2-month low
By Jaspreet Kalra MUMBAI (Reuters) - The Indian rupee was largely flat on Wednesday as sustained dollar inflows helped ease the pressure from weakness in most Asian currencies. The rupee was at 82.90 Key Points
ThePrintIndian employment data generates both misconceptions and puzzles
Data shows that the youth has seen the largest addition to the number of workers relative to its population, which counters a narrative of dwindling jobs for them. Trends like rising female work participation need study, though. Key Points
mint
Delay and deficit rainfall impacts cultivation; rice and pulses see a decline
Initial delay and deficit thereafter in monsoon has already caused decline in the acreage of major kharif crops: rice and pulses. This year, cultivated area of rice has declined 23.9 per cent while the area sown under pulses has declined by 25.8 per cent as compared to last year, according to the Un Key Points
The Tribune IndiaStocks climb and U.S. yields fall after inflation dat
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set to decline for the first time in nine quarters Key Points
ThePrintStocks climb and U.S. yields fall after inflation data
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks climbed for a fifth straight day on Friday, with the two-year U.S. Treasury yield set to decline for the first time in nine quarters Key Points
ThePrintHow have Indians at large fared under this government?
While we have no survey data on incomes since 2011-12, multiple sources suggest a decline or deceleration in what working Indians earned in the last five years. These grim readings may be at variance with claims made in the budget speech but mass distress warrants attention. Key Points
mintLenovo posts another revenue decline as PC demand remains slow
China's Lenovo Group Ltd (0992.HK) on Thursday posted a 16% fall in revenue for the three months through September, meeting market expectations, as supply for personal computers (PCs) continued to outstrip demand. Key Points
Reuters
Deal values plummet 78 pc between January -June due to economic challenges: Report
India's deal-making activities declined in the first half of 2023 due to uncertainty causing supply chain disruptions, leading to inflation and fluctuating interest rates, according to a report by Grant Thornton Bharat. Only 676 deals with a total value of $ 23 billion occurred in this period, representing a decline of 78% and 42% in value and volume, respectively. Key Points
Economic TimesGDP for Q3 FY24 expected to be 6.8%: SBI Ecowrap
According to the Ecowrap, GDP should grow in the range of 6.7-6.9 per cent, factoring in the slight decline in economic activity in the third quarter. Key Points
Business TodayFormal job additions decline further in November: MoSPI
India's formal job market faced a decline in November, attributed to festive celebrations. Preliminary data reveals a 5% drop in new subscribers to the Employees' Provident Fund (EPF) and a 10.5% decline in the Employees' State Insurance Corporation (ESIC), marking the lowest figures in nearly two years. In contrast, the National Pension Scheme (NPS) experienced a 52% rise in new subscriptions, largely driven by state governments. Overall, formal job additions have dwindled for the fourth consecutive month, highlighting economic challenges. Key Points
Economic TimesBSE Sensex plunges! Stock market crash leaves investors poorer by Rs 8.50 lakh crore
India Business News: Stock market crash: Equity investors suffered a loss of Rs 8.50 lakh crore as the stock markets experienced a significant decline. The benchmark Sense Key Points
Times Of IndiaTech Mahindra Q3 result preview: Revenues to decline QoQ; deal wins to be muted
Tech Mahindra Q3 result preview: Tech Mahindra is expected to see a sequential decline in quarterly revenue due to weakness in the communication vertical segment and higher furloughs. Revenue from operations is expected to decline between 1-1.4% quarter-on-quarter. Margins are likely to expand on a QoQ basis due to portfolio reshuffling. Deal wins are expected to remain muted. Investors should watch out for deal wins, pipeline from the communication vertical, pricing scenario, attrition, and outlook on growth. Key Points
Economic Times
US wholesale prices unexpectedly fell in December
In December of the previous year, US wholesale prices unexpectedly decreased, defying predictions, as reported by government data. The producer price index (PPI) fell by 0.1 percent, following a similar decline in November, mainly due to a sharp drop in the energy index. Key Points
Economic TimesChina's exports rise 2.3% in December amid uneven recovery, trade with US declines
China's exports and imports grew slightly in December, despite deflationary pressures, according to official data. Exports rose by 2.3% to $303.6 billion, while imports rose by 0.2% to $228.2 billion. China's total trade surplus for December was $75.3 billion, up 10.1% from $68.3 billion in November. However, sluggish external demand remains the main constraint, with factors like protectionism and unilateralism also impacting exports. Key Points
Economic TimesServices exports decline 2.7 pc to USD 28.42 bn in September
The decline in services imports persisted throughout all three months of the September quarter. However, there was a silver lining in the fact that services exports had seen an increase during July and August. Key Points
Economic TimesTesla erases $145 billion in valuation on demand woes
The selloff started earlier this month when the electric-vehicle giant dialled back growth expectations during its third quarter earnings call. That was followed by grim commentary from several global automakers, as well as Wall Street analysts. This week, battery-maker Panasonic Holdings Corp. and chipmaker ON Semiconductor Corp. also sounded alarms for the EV industry. Key Points
Economic TimesIndia's Adani Wilmar swings to loss in June quarter on low edible oil prices
India's Adani Wilmar Ltd (ADAW.NS) swung to a loss in the first quarter on Wednesday as a steep decline in edible oil prices dragged down its sales value, offsetting high demand. Key Points
ReutersOil falls 2% as U.S. dollar strengthens on Fed rate hike expectations
By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 2% to a two-week low on Wednesday despite a sharp decline in U.S. crude inventories, as the U.S. dollar strengthened on fears that looming Key Points
ThePrintShipments from India to Russia more than doubled in July
Amid slackening demand for engineering goods from major markets such as the US and China, shipments to Russia continued their uptrend and more than doubled to US$ 123.65 million in July 2023 from US$ 55.65 million in July 2022, a rise of 122.03 per cent, according to a media release issued by EEPC India on Wednesday. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 35%
While today the movement of the Nifty and Sense will make a number of people think that a correction is taking place in the market. The fact is that the market has been correcting for some time. If one looks at the trend in the advance decline ratio, on the day market is shedding weight, then the advance decline is very negative and even on the day nifty is moving upward, the improvement in the advance decline ratio is not that high. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesMarket fluctuations: Sensex and Nifty close in red amidst volatile trading
Mumbai (Maharashtra) [India], November 17 (ANI): In a day marked by fluctuating trends, the Indian stock market indices closed in the red on Friday, concluding the week on a subdued note. The benchmark BSE Sensex witnessed a downturn, shedding 187.75 points to close at 65,794.73. Similarly, the NSE Nifty50 retreated by 33.40 points, settling at […] Key Points
ThePrintChina now battles lowest marriage count. Here's all you need to know
Just 6.83 million couples completed their marriage registrations last year, data published on the website of the Ministry of Civil Affairs showed, down about 800,000 from the previous year. Key Points
mint
Tech Mahindra Q4 FY23 results: A preview
Tech Mahindr’s profit is expected to fall by 13.9% YoY, while revenue in constant currency terms is expected to decline by 0.7%. Key Points
The HinduDiscretionary spending may weaken in Q4; apparel, lifestyle cos and eateries expect sales to grow only 15%
The slowdown is not restricted to apparel. Even the liquor segment that surpassed pre-Covid sales last year, could see slower growth. Analysts also said demand environment remains weak in the quick service restaurant (QSR) space. Fine dining restaurant chain Speciality Restaurants' managing director Anjan Chatterjee said the phenomenon of revenge eating is now tapering down with dine-in business down by 5%-15% for the industry. Key Points
Economic TimesShare Market LIVE: Sensex, Nifty to start on muted note; SGX Nifty trades flat
Stock Market Today LIVE: Indian share market will start on cautious note as SGX Nifty is trading flat. Wall Street ended lower on Tuesday as investors chose to book profits ahead of Fed Chair's testimony. Asian markets are also trading on a subdued note on Wednesday. Key Points
MintOil prices rise on bigger-than-expected drop in US crude stocks
(Reuters) - Oil prices ticked higher on Thursday, buoyed by a bigger-than-expected weekly decline in U.S. crude stocks. Brent futures rose 13 cents, or 0.2%, to $85.21 a barrel by 0023 GMT, while U.S. Key Points
ThePrintWhy is Japan grappling with record-low birth rates? Here’s what the govt said
Japan faces a significant demographic challenge, with the country's birth rate hitting a record low for the eighth consecutive year. The most recent data from the Health and Welfare Ministry reveals a troubling decline. Key Points
Economic Times
Taking, understanding and managing risks are three different things: 5 smallcap stocks from different sect
It is day like today when all the indices are trading in red and the leading the fall are mid and small-cap indices, and market breadth is extremely that a large number of investor look at their phones to check how is their portfolio doing, In all probability a large majority finds the decline in their portfolio is more than what Nifty has suffered and that where the doubt and question come to mind. Now two things, especially for those who have turned bulls in the last few months. First nifty or for that matter any indices have nothing to do with your portfolio, so stop comparing them. Second, do a review of your portfolio and ask yourself one simple question: why did I buy this particular stock? Was it friendly neighborhood advice or was it because there was something positive happening in the company or the industry in which this stock belongs? The answer to this question is the key to whether one should stay invested or sell the stock. Key Points
Economic TimesIndia 10-year bond yield logs biggest weekly decline in over 7 months on dovish Fed stance
The benchmark 10-year bond yield ended at 7.1624 per cent, after closing the previous session at 7.1969 per cent. Key Points
mintBloodbath on D-Street: Why Sensex tumbled over 800 points today
The S&P BSE Sensex plummeted by 811.19 points to 63,237.87, while the NSE Nifty 50 dropped below 18,900, shedding over 246 points. Key Points
India TodayIndia’s smartphone shipments drop for the third consecutive quarter, falling 19% YoY: Report
Samsung’s 5g-capable A series performed well in the offline market and Apple's shipments grew by 50%. To learn more, read the full story on The Hindu. Key Points
The HinduIndia, Philippines witnessed the largest decline in gender gap in the post-pandemic period: Moody’s
Moody's Analytics reports that India and the Philippines have seen the largest reduction in the gender gap in labor force participation post-pandemic. The narrowing gap since 2019 has added $1.5 trillion to global income, with almost half coming from India and Japan. Despite progress, India's gender gap remains over four times that of the US or the EU, attributed to traditional gender roles and insufficient supportive policies for women in the workforce. Key Points
Economic Times
Q3 Results Today: Bajaj Auto, Tata Steel, Tech Mahindra, DLF among 78 companies to announce earnings
The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing. Key Points
Economic TimesDalal Street feels the chill: Why Sensex, Nifty are under pressure today
As of 11:50 am, the Sensex recorded a dip of 579.42 points, settling at 71,692.52, while the Nifty50 saw a decline of 147.55 points, reaching 21,594.35. Below are some of the reasons that have put the benchmark stock market indices under pressure. Key Points
India TodayNew enrollments to the formal job market decline in August; women lose out
New enrollments to the government's social security schemes in India declined in August, indicating slower growth in formal jobs. Enrollments for the Employees' Provident Fund (EPF) Scheme dropped by 13.3%, with net subscriptions at their highest level since the start of the year. New subscribers to the Employees' State Insurance Corporation also declined, albeit at a slower rate. Key Points
Economic Times‘Numbers weak but pipeline strongest ever,' says HCLTech CFO; company to defer hikes for senior employees
The CFO believes that the strong pipeline would reflect in numbers in the second half of the current fiscal. “Despite the weak Q1, our guidance remains unchanged at 6-8 per cent for the company level and 6.5-8.5 per cent for services. We are confident in our pipeline, which is expected to deliver good revenue in the second half,” Aggarwal noted. Key Points
Business TodayEmerging markets set for February decline as rate hike fears dampen mood
A rally in EM stocks at the beginning of 2023 has petered out in recent weeks after signs of strength in the U.S economy fueled fears of aggressive rate hikes by the Federal Reserve and geopolitical risks including heightened U.S.-China tensions also weighed on sentiment. Key Points
India Today
Wipro Q2 FY 24: Analysts predict decline in revenue and slowdown in hiring
Brokerages expect Wipro’s revenue to decline in Q2. This is due to the macroeconomic slowdown and cut backs on discretionary IT spending by clients. Key Points
Business TodayTreasury Secretary Janet Yellen announces an expected decline in USD
Janet Yellen has advised people to diversify their interests as USD is expected to decline. Read more below about the announcement and ways to prepare. | World News Key Points
Hindustan TimesHow diabetes, tooth loss can worsen cognitive decline in older persons: Study
The study connects poor oral health and Diabetes to cognitive impairment and dementia. Here's all that you need to know. | Health Key Points
Hindustan TimesAdani Group companies’ valuation halves against just 6 per cent decline for top 500 companies: Report
Adani Total Gas lost 73.8 per cent of its value and Adani Transmission saw a decline of 69.2 per cent. Key Points
FinancialexpressCan Q4 earnings be a game changer for this beaten-down pack?
Indian metal stocks suffered a drop of nearly 15% in CY23, making it the second-worst performer after the Nifty Media. Despite many analysts and brokerage firms highlighting that the drop provided an excellent buying opportunity, there was enough negative sentiment to overshadow the positive news. Headwinds such as China's slowing economy, the imposition of heavy export duty, and rising raw material prices have caused the decline. Due to this challenging environment, earnings for metal stocks will be a crucial factor in deciding the industry's fate. Key Points
Economic Times
Ola Electric shares slip below Rs 100. Buy the dip or avoid?
The stock was down 2.59% at Rs 99.55 on the Bombay Stock Exchange (BSE), marking a sharp decline from its record high of Rs 157.53 on August 20, 2024. Key Points
India Today