Elon Musk’s Success with Tesla in China
Sep 3, 2024 11:06 AM IST
Tesla reported its best sales month in China with over 63,000 cars sold, marking a significant 37% increase from the previous month. This success reflects Elon Musk’s ability to expand Tesla’s market share in the world’s largest auto market.
Vijay Kedia’s Stock Market Advice
Sep 3, 2024 10:59 AM IST
Renowned investor Vijay Kedia cautioned against investing in IPOs or pre-IPOs, emphasizing the importance of sticking with existing investments. He highlighted concerns about overheated valuations in the SME space that could potentially impact new IPO investments.
Saudi Arabia’s Potential Crude Oil Price Cuts
Sep 3, 2024 10:49 AM IST
Saudi Arabia is contemplating reducing crude oil prices for Asian markets in October, with expected cuts ranging from 50 to 70 cents per barrel. These adjustments are influenced by the declining Dubai benchmark and aim to maintain competitiveness in the global oil market.
Current Gold and Silver Rates
Sep 3, 2024 10:15 AM IST
Gold and silver prices continue to fluctuate, with 10 grams of 24-carat gold priced at Rs. 73299.0 in Delhi, while 1 kg of silver is priced at Rs. 82950.0 in the same city. Investors are closely monitoring these rates for potential investment opportunities.
Tesla’s Expansion Plans in China
Sep 3, 2024 10:14 AM IST
Tesla is planning to introduce a six-seat Model Y in China, with production slated for 2025 at its Shanghai factory. However, the company is awaiting approval to expand its existing facility to accommodate the increased production capacity.
Tata Sons’ Board Restructuring
Sep 3, 2024 9:58 AM IST
Tata Sons is expected to appoint new board members soon, as some current members are nearing retirement or planning to step down. This strategic move aims to refresh the composition of the board and bring in new perspectives to drive the company’s future growth.
Key Insights on IPO Investments
Sep 3, 2024 9:26 AM IST
A recent Sebi study revealed that a significant number of IPO investors sell their shares within a week of the public offering. Moreover, Gujarat emerges as a prominent state with substantial IPO participation, shedding light on investor behavior and trends in the IPO market.
Regulatory Challenges for Starlink in Brazil
Sep 3, 2024 8:49 AM IST
Brazilian regulators are considering revoking Starlink’s operating license due to non-compliance with local regulations. This move follows the ban on Elon Musk’s digital platform X in Brazil, illustrating the challenges faced by global tech companies in navigating regulatory environments.
TotalEnergies’ Partnership with Adani Green
Sep 3, 2024 8:36 AM IST
TotalEnergies announced a substantial investment of $444 million in a joint venture with Adani Green Energy to develop 1,150 MWac solar assets. This collaboration underscores the growing focus on sustainable energy solutions and diversification in the renewable energy sector.
Infosys’ Hiring Update
Sep 3, 2024 7:33 AM IST
Infosys has issued offer letters to over 1,000 freshers from the 2022 batch for System Engineer roles, with the new hires set to join in October 2024. This recruitment initiative reflects Infosys’ commitment to nurturing talent and driving innovation in the IT sector.
