The News Caravan

Tag: shares

  • Cong ups attack on BJP, shares ‘rate card of corruption in Karnataka’

    Cong ups attack on BJP, shares ‘rate card of corruption in Karnataka’

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    New Delhi: With just a few days to go for the May 10 assembly elections in Karnataka, the Congress on Friday targeted the ruling Bharatiya Janata Party (BJP) on the issue of corruption, and also released a “rate card” of alleged corruption in the southern state.

    The Congress first shared the rate card from the official Twitter handle of the party in a bid to scale up attacks on the issue of corruption.

    In the post, the Congress alleged that the Karnataka Chief Minister’s post was up for grabs for Rs 2,500 crore and the rate of ministerial posts was Rs 500 crore.

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    Sharing the post on Twitter, the party wrote, “Kannadigas! Here is the corruption rate card of the ‘TROUBLE ENGINE’ 40% Sarkara.”

    The post also highlighted figures for “Appointment and Transfer Rates”, “Job Rates”, and alleged commission for government deals.

    Following the party’s stand, even former Congress president Rahul Gandhi also shared the post and targeted the BJP, saying “trouble Engine BJP is in love with the number 40, people of Karnataka will give them 40 seats only”.

    In a tweet, Rahul Gandhi said: “BJP’s 40% Commission Sarkara’s ‘Rate Card’! ‘Trouble Engine’ BJP is in love with the number 40, people of Karnataka will give them 40 seats only!”

    The Congress and Rahul Gandhi has been attacking the BJP over the alleged corruption in the BJP government in the state.

    Last year, the Congress launched PayCM campaign in the state to highlight the alleged corruption.

    The Congress has been campaigning aggressively in Karnataka and has cornered the BJP on issues of corruption and several other matters.

    The Congress released its manifesto on Tuesday and also announced several promises for the people of the state.

    The party also promised to repeal, within one year of coming to power, “all unjust laws and other anti-people laws” passed by the BJP government in the state.

    To woo the voters in the state, Congress announced Gruha Jyothi (200 units of free electricity), Gruha Lakshmi – Rs 2,000 monthly to every woman head of the family, Anna Bhagya – 10 kg of food grains of their choice (among rice, ragi, jowar, millet) to every person in a BPL family.

    The election for the 224-member assembly is scheduled on May 10 and counting of votes will take place on May 13.

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    #Cong #ups #attack #BJP #shares #rate #card #corruption #Karnataka

    ( With inputs from www.siasat.com )

  • Adani shares need big rally to reach pre-Hindenburg levels

    Adani shares need big rally to reach pre-Hindenburg levels

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    The Adani Group, one of India’s leading conglomerates, has been in the news for a while now, thanks to the Hindenburg Research report that was released on January 24, 2023. The report levels allegations against the group causing a massive dip in the stock prices of the Adani Group companies.

    However, the shares recovered significantly after the initial dip, but they still require a huge rally to revisit their pre-Hindenburg levels.

    Nifty 50 index recovered

    The recovery in the broader market was much quicker, with the Nifty 50 index crossing the January 24 level of Rs. 18118.30. However, two of its constituents from the Adani Group, namely Adani Enterprises Limited and Adani Ports & Special Economic Zone Ltd, are yet to recover fully. The shares of these companies are still trading below their pre-Hindenburg levels.

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    As of May 4, 2023, the share prices of Adani Enterprises Limited and Adani Ports & Special Economic Zone Ltd were Rs. 1911.25 and Rs. 679.75, respectively. While this is a significant recovery, the shares still fall short of their pre-Hindenburg levels of Rs. 3442 and Rs. 761.20, respectively.

    List of Adani shares, their pre-Hindenburg and current levels

    The recovery of Adani shares has been fast as the group has taken several steps to address the concerns raised in the Hindenburg Research report.

    Here’s a list of Adani shares and their pre-Hindenburg and current levels:

    Adani Group companiesPre-Hindenburg levels (Share prices on January 24)Share prices on May 4
    Adani EnterprisesRs 3442Rs 1911.25
    Adani Ports & SEZRs 761.20Rs 679.75
    Adani Green EnergyRs 1916.80Rs 945.55
    Adani PowerRs 274.65Rs 238.15
    Adani TransmissionRs 2762.15Rs 1011.55
    Adani Total GasRs 3891.75Rs 930.20
    Adani WilmarRs 572.65Rs 399
    Ambuja CementsRs 498.95Rs 388.30
    ACCRs 2335.7Rs 1766.30
    NDTVRs 284Rs 183.35

    Though, the Adani Group shares have recovered significantly, but they still require a massive rally to reach their pre-Hindenburg levels. It remains to be seen how the Adani Group will continue to perform in the coming months.

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    #Adani #shares #big #rally #reach #preHindenburg #levels

    ( With inputs from www.siasat.com )

  • Sultan Al Neyadi shares ‘awe-inspiring’ view of Dubai from space

    Sultan Al Neyadi shares ‘awe-inspiring’ view of Dubai from space

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    United Arab Emirates (UAE) astronaut Sultan Al Neyadi, who is currently on a six-month space mission to the International Space Station (ISS) shared a breathtaking night view of the emirate from the space.

    The image, which he shared on Twitter shows Dubai’s signature Palm Jumeirah, Jebel Ali and residential areas in Dubai, including the distinctive Jumeirah Village Circle.

    “Dubai shines almost as bright as the stars up here,” Sultan Al Neyadi tweeted.

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    In turn, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, shared the photo on his Twitter account.

    “An awe-inspiring photograph of Dubai taken by Emirati astronaut Sultan Al Neyadi from the space station paints a picture of the nation’s extraordinary achievements both on Earth and beyond,” Sheikh Hamdan tweeted.

    On April 28, Al Neyadi – made history by becoming the first Arab to perform a six-and-a-half-hour spacewalk with his American colleague Stephen Bowen.

    Al Neyadi trained for over 55 hours at NASA’s Neutral Buoyancy Laboratory (NBL) at Johnson Space Center in Houston, Texas in preparation for the spacewalks.

    Sultan Al Neyadi made history on March 2 by becoming the first Arab to join a long-term space mission that will last six months as part of SpaceX’s crew.

    The mission is a historic landmark for the UAE.

    The SpaceX Dragon spacecraft, named Endeavor, aboard a Falcon 9 rocket, carried the Emirati astronaut along with two NASA astronauts, Mission Commander Stephen Bowen, Pilot Warren Hoburg, and Roscosmos Cosmonaut Andrey Fedyaev.



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    #Sultan #Neyadi #shares #aweinspiring #view #Dubai #space

    ( With inputs from www.siasat.com )

  • UAE astronaut shares time-lapse video of his spacewalk

    UAE astronaut shares time-lapse video of his spacewalk

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    Abu Dhabi: United Arab Emirates (UAE) astronaut Sultan Al Neyadi on Tuesday shared a ‘surreal’ time-lapse video of his six-and-a-half-hour spacewalk.

    On April 28, Sultan Al Neyadi becomes the first Arab astronaut to walk in space outside the International Space Station (ISS) with NASA astronaut Stephen Bowen.

    Sultan Al Neyadi took a 26-second video clip to his official Twitter and expressed his joy on time-lapse capturing moments. The video clip shows select moments from his spacewalk.

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    “After completing my first spacewalk, I am humbled by the experience. Here’s a time-lapse capturing one of my most surreal moments on the ISS. Thank you to everyone for the unwavering support. Onward to new frontiers,” Al Neyadi tweeted.

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    #UAE #astronaut #shares #timelapse #video #spacewalk

    ( With inputs from www.siasat.com )

  • Amazon beats expectations in first quarter earnings as shares jump 11%

    Amazon beats expectations in first quarter earnings as shares jump 11%

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    Amazon shares jumped more than 11%, as income from its cloud computing and advertising units beat estimates for the first quarter of the year.

    The e-commerce behemoth, which is in the midst of aggressively cutting costs including laying-off 27,000 workers, said revenue for the quarter was $127.4bn, a 9% growth compared to the $116.4bn it reported during the same period last year.

    Profits at the Seattle-based company were reported at $3.17bn, or 31 cents per share, but higher than the $2.24bn industry analysts had expected.

    Despite coming in ahead of expectations, Amazon said that its AWS cloud unit, which pioneered the market over 15 years ago and maintains a commanding lead over other tech firms, grew by 16% during the first quarter, much slower than 37% the company reported a year earlier.

    Overall, Amazon’s results are a strong improvement over a year earlier, and followed upbeat earnings by Facebook parent’s company Meta, as well as Microsoft. Prior to Thursday’s results, Amazon shares are up 31% for the year after nearly half their value in 2022.

    Amazon’s CEO, Andy Jassy, said in a statement that “there’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy”.

    Amazon’s advertising business, which saw revenues jump 23% year-over-year to $9.51bn, had benefited from the company’s investments in machine learning, Jassy said. While business customers are spending “more cautiously” on cloud services, he added, Amazon’s storage and machine learning services, would provide “much growth ahead”.

    Earlier this month, the company warned that shoppers have become more conscious about their spending and are trying to save costs when they can. On top of that, many shoppers have returned to in-store shopping after relying on e-commerce during the pandemic. As a result, the company reported no growth in its online retail business.

    Amazon has already responded to the post-pandemic environment by cancelling some warehouse expansion plans. Cost-saving measures have increased over the past two quarters with layoffs in corporate positions, including devices, advertising, AWS and live-streaming, reaching 27,000, the largest job cuts in its 29-year history.

    The company also plans to pause construction on the second phase of its headquarters in northern Virginia and will close some of its Amazon Fresh and Go convenience stores and pause grocery business expansions.

    But the company has also said it plans to expand into other areas, including healthcare, generative AI and Kuiper, a satellite broadband project the company unveiled in 2020.

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    ( With inputs from : www.theguardian.com )

  • Sara Ali Khan travels by metro in Mumbai, shares video

    Sara Ali Khan travels by metro in Mumbai, shares video

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    Mumbai: Actress Sara Ali Khan recently took a Metro ride in Mumbai.
    Taking to Instagram Story, Sara dropped a video, which shows her seated in the Metro.

    Dressed in a white kurta and spectacles, Sara waved at the camera while smiling widely.
    “Mumbai meri jaan… Didn’t think I would be in Mumbai metro before you guys,” she captioned the post, tagging her ‘Metro In Dino’ co-star Aditya Roy Kapoor and director Anurag Basu.

    ANI 20230427004028

    Seems like Sara has started shooting for ‘Metro In Dino’, a film that apparently draws its title from the popular song ‘In Dino’ from ‘Life in a… Metro’.

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    The project will showcase bittersweet tales of human relationships based in contemporary times.
    Billed as an anthology, it will also feature Konkona Sen Sharma, Pankaj Tripathi, Fatima Sana Shaikh, Anupam Kher, Ali Fazal and Neena Gupta in the lead roles.

    Sharing more details about the film, Anurag Basu had earlier said, “Metro…In Dino is a tale of the people and for the people! It has been a while since I am working on this one and I am glad to be collaborating with a powerhouse like Bhushan Kumar yet again who has always been like a pillar to me!”

    He added, “The storyline is very fresh and relevant as I look forward to collaborating with amazing artists who bring that essence of contemporary aura with them. As the music plays a very important role in any film, I couldn’t be happier to be collaborating with my dear friend Pritam who has literally added life to the characters and story with his work.”

    More details regarding the project are awaited.

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    #Sara #Ali #Khan #travels #metro #Mumbai #shares #video

    ( With inputs from www.siasat.com )

  • Microsoft shares up 8.3% as AI features give a boost to sales

    Microsoft shares up 8.3% as AI features give a boost to sales

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    Microsoft Corp beat Wall Street’s quarterly revenue and profit estimates on Tuesday, driven by growth in its cloud computing and Office productivity software businesses, and the company said artificial intelligence products were stimulating sales.

    The company forecast that revenue in its main segments for the current quarter would match or top Wall Street targets.

    Shares gained 8.3% in after-market trading following a report by the Redmond, Washington-based technology company that profits were $2.45 a share in the fiscal third quarter, beating Wall Street estimates of $2.23, according to data from Refinitiv and up 10% from the same quarter last year.

    In regular trading, fears about earnings had sent Microsoft down 2.2%, making it the biggest drag on the S&P 500 on Tuesday ahead of its report.

    Revenue rose 7% to $52.9bn in the quarter ended March, inching past the average analyst estimate of $51.02bn, according to Refinitiv. The bulk of Microsoft sales still come from selling software and cloud computing services to customers.

    But the company has grabbed headlines this year with its partnership with ChatGPT creator OpenAI and sprucing up the Bing search engine with artificial intelligence technology.

    Microsoft said growth at its cloud business Azure was 27% in the latest reported quarter, beating analyst expectations for 26.6% growth, according to the consensus from 23 analysts polled by Visible Alpha.

    Chief executive Satya Nadella told investors on a conference call that the company had more than 2,500 Azure-OpenAI service customers and AI-powered features in a wide array of products.

    Bing, long an also-ran to search engine Google, has 100 million daily users and has seen downloads jump since the addition of AI features, Nadella said.

    Microsoft forecast revenue in the intelligent cloud unit for the current quarter, the fiscal fourth, of $23.6-$23.9bn compared with Wall Street’s average target of $23.8bn, according to Refinitiv.

    It saw revenue in the More Personal Computing segment of $13.35-$13.75bn, which would top Wall Street’s estimate of $13.2bn. The productivity and business processes unit, which includes Office, was seen producing revenue of $17.9-$18.2bn, which would beat the analysts’ average target of $17.8bn.

    Analysts had expected a gloomy economic outlook to hit Microsoft’s Windows business, which depends heavily on PC sales that have sagged in recent quarters. The sales drop in the segment was less severe than analysts expected, with Microsoft reporting revenue of $13.3bn versus analyst estimates of $12.19bn, according to Refinitiv data.

    The company’s productivity segment, which includes its Office software and advertising sales for the LinkedIn social networking site, also beat analyst expectations with revenue of $17.5bn versus estimates of $16.99bn, according to Refinitiv.

    Overall revenue for the company’s cloud unit, which includes Azure as well as other services, was $22.1bn, slightly above estimates of $21.85bn, according to Refinitiv data.

    Alphabet Inc, which also has a large cloud business, reported strong results on Tuesday, lifting its shares 2.4% after the bell. Those results and Microsoft’s helped boost shares of Amazon.com Inc, another major cloud operator, 4.8% in after-hours trading.

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    ( With inputs from : www.theguardian.com )

  • First Republic Bank shares fall 50% after reporting dramatic slump in deposits

    First Republic Bank shares fall 50% after reporting dramatic slump in deposits

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    First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits.

    On Monday the San Francisco-headquartered reported a more than $100bn plunge in deposits in the quarter in the aftermath, sparking fears that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.

    Amid the biggest turmoil to hit the banking sector since 2008, the bank now faces tough options to turn around its business with the creation of a “bad bank” or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis.

    “If someone were to acquire them … there’s going to be some big writedowns that would have to be taken against some of the assets given the rate cycle,” Christopher Wolfe, head of North American banks at Fitch Ratings, told Reuters, referring to the bank’s mortgage loan book and securities portfolio.

    “The options are very challenging and probably very costly, especially for shareholders,” Wolfe said. “Who’s going to bear the cost?”

    First Republic said on Monday it was “pursuing strategic options” to quickly strengthen the bank, without providing details.

    The lender was studying all options, a person familiar with the matter said on Monday, speaking on condition of anonymity because the discussions were private.

    The source said the bank wanted the US government to help by convening parties that could buoy San Francisco-based First Republic’s fortunes, including private equity firms and big lenders.

    Options include an asset sale of up to $100bn, a source familiar with the situation said. Bloomberg News earlier reported the chance of asset sales and said buyers might receive incentives such as warrants or preferred equity.

    The bad bank possibility, earlier reported by CNBC, is a crisis-type method of isolating financial assets that have problems.

    The latest woes in the banking sector were felt among other banks and the broader market with the KBW Regional Banking Index dropping 3.8% and the broader S&P 500 bank index down 2.6%.

    Wall Street analysts expect challenges to extend through the year after failures at Silicon Valley Bank and Signature last month created a liquidity crunch at a slew of regional lenders.

    The bank has been reeling as it navigates the twin challenges of assuring customers their deposits remain safe and investors that it has liquidity to emerge from the crisis.

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    “Although deposits have stabilized since quarter-end, the company’s liquidity questions have turned into earnings questions,” said analysts at Piper Sandler.

    The sector-wide upheaval has led to the KBW Regional Banking Index contracting nearly 22% this year, while First Republic shares dived roughly 87% in the fallout.

    “The question is whether the risk was First Republic specific or whether it will lead to larger banking concerns,” brokerage JonesTrading wrote in a note.

    First Republic said on Monday it plans to shrink its balance sheet and slash expenses by cutting executive compensation, paring back office space and laying off 20% to 25% of employees in the second quarter.

    Last month, concerns about the bank’s health had prompted top power brokers including US Treasury Secretary Janet Yellen, Federal Reserve chair Jerome Powell and JPMorgan’s CEO Jamie Dimon to put together an unprecedented $30bn rescue deal.

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    ( With inputs from : www.theguardian.com )

  • Sheikh Mohammed shares clearest image of Mars’ moon Deimos 

    Sheikh Mohammed shares clearest image of Mars’ moon Deimos 

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    Abu Dhabi: Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has shared the clearest image ever taken of Mars moon Deimos.

    On Monday, Sheikh Mohammed took to Twitter to share the detailed photographs taken by UAE’s Hope Probe, which was launched as part of the Emirates Mars Mission (EMM).

    The spacecraft, which spent more than two years orbiting Mars for the first time in the Arab world, flew as close as 100 kilometers to the lunar surface to capture important data on its composition that challenges long-standing theories that the Martian moons are captured asteroids – space rocks trapped in a planet’s orbit.

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    Sheikh Mohammed praised the new results, expressing his pride in the young scientists who participated in the mission and the contribution they made to the march of human knowledge.

    “The Emirates Mars Mission’s “Hope Probe” has captured the clearest image of Martian moon Deimos, which is 100km away, marking a global first,” Sheikh Mohammed tweeted.

    “Previously, theories suggested that Deimos was an outer asteroid captured in Martian orbit. However, the Hope Probe’s instruments and team have shown that the moon was once a part of Mars and separated from it millions of years ago, much like Earth’s moon,” he adds.

    “We are proud of our young scientists, our knowledge and our contribution to the pursuit of human knowledge,” he added.

    The UAE achieved its goal on February 9, 2021, when it became the first Arab country to enter the orbit of the Red Planet and the fifth space agency to accomplish this mission.

    Since then, the Hope Probe has been broadcasting amazing pictures of the planet, revealing its geographical features and weather conditions.



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    ( With inputs from www.siasat.com )

  • Hina Khan in awe of Kashmir, shares pics from paradise

    Hina Khan in awe of Kashmir, shares pics from paradise

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    Srinagar: Actor Hina Khan is currently in Kashmir and is in complete awe of the beauty of the Valley.

    Taking to Instagram, she dropped several mesmerising images. The pictures see her posing on the banks of the famous Dal Lake.

    “This time was like a therapy, my shikara and dal lake..Eternally captivated by the rawness of this place #kashmir,” she wrote.

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    Hina looked as beautiful as ever in a green ethnic suit.

    Take a look at pictures of her enjoying Shikara ride.

    Hina’s “Kashmiri” pictures garnered several likes and comments.

    “How beautiful,” a social media user commented.

    “Sunder,” another one wrote,

    Hina celebrated Eid this time in Kashmir.

    Sharing her Eid look, she wrote, “Kashmir ki kali celebrating Eid in Jannat-e-Kashmir.. Eid Mubarak Everyone.”

    For the occasion, Hina was dressed in a golden suit which she accentuated with a pink dupatta.

    Hina became a household name with her role as Akshara in the popular television show Yeh Rishta Kya Kehlata Hai. She was also a part of Kasautii Zindagii Kay 2, in which she played the antagonist Komolika. However, she quit the show after a few months. She also participated in television reality shows like Khatron Ke Khiladi season 8 and Bigg Boss 11.



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    #Hina #Khan #awe #Kashmir #shares #pics #paradise

    ( With inputs from www.siasat.com )