Tesla's Elon Musk may present a $20-30 billion investment 'roadmap' during India visit
Tesla Inc. chief Elon Musk is widely expected to announce an investment in India of $2-$3 billion and may present a 'roadmap' of investment of up to $20-30 billion in India, sources told CNBC-Awaaz on April 19. Musk will arrive in India on April 21 and meet PM Modi on April 22 in the first half and also meet startup founders at Bharat Mandapam in New Delhi at 4 pm on Monday, the channel reported. Read here
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Take a look at these key events
Today
Q4 Earnings: HDFC Bank
Ministry of Law and Justice to hold conference on India's Criminal Justice System
PM Modi’s election rallies in Bengaluru, Chikkaballapura
APCC president Y S Sharmila to file nomination from Kadapa LS seat
Rahul-Akhilesh joint public meeting in Amrita, UP
Priyanka Gandhi election campaign in Chalakudy, (Pathanamthitta) and Thiruvananthapuram
Foreign secretary Vinay Kwatra to visit Bangladesh
IPL: DC vs SRH
Tomorrow
Mahavir Jayanti
Q4 Earnings: Persistent
Elon Musk to land in India
Chandrababu Naidu to distribute B-forms to TDP candidates
Elections 2024: INDIA Bloc’s ‘Maha Rally’ in Ranchi
Sunita Kejriwal to participate in INDIA bloc's rally
Mayawati's poll rally at Ghaziabad
Thiruvananthapuram Airport to suspend flight services for four hours for religious procession
IPL: KKR Vs RCB, PBKS Vs GT
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Technical View: Nifty forms Bullish Piercing pattern, may march towards 22,300 next week
The Nifty 50 finally snapped a four-day losing streak as it recouped all morning losses and turned green in afternoon on April 19. More important is that the index has smartly defended the upward sloping support trendline, which coincides with around psychological 22,000 mark, and formed long bullish candlestick pattern which resembles Bullish Piercing Line pattern on the daily charts, often indicating a bullish reversal after correction. Hence, 22,300 is the next resistance to watch for the Nifty 50 in coming sessions and if it sustains above the same then 22,500 can't be ruled out, while 22,000 is the immediate support, experts said. Read more here
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Planning to study abroad? Here's how to maximise your chances of winning a scholarship
Students can get scholarships that cover 25 to 100 percent of the tuition fees and living expenses. Universities take into account several factors, including the student’s profile and the programme she has applied to, when deciding on the scholarship. Below, we have listed some of the most important parameters when it comes to scholarships. Details here
Focus on deposits to keep margins steady but income growth may drag
HDFC Bank may have to contend with a low single-digit revenue growth in Q4 FY24, given India’s largest private lender focuses on mobilising deposits to keep margins steady rather than growing advances. Read more here
These 15 high-PE stocks make your midcap funds expensive
The recently concluded Round #2 of mutual fund stress test tells us whether mid-cap and small-cap funds are over-valued or under-valued compared to their benchmark indices. Mutual funds disclosed the price-to-earnings ratio (PE) of their midcap and smallcap scheme portfolios. Ten out of 29 midcap schemes have higher PE ratios than their respective benchmarks. Bandhan Midcap, Baroda BNP Paribas Mid Cap and PGIM India Midcap Opportunities Fund topped the list. Details here
Ancient snake discovered in India measured 50-feet, weighed 1,000 kg
A fossil found in 2005 in Gujarat has turned out to be one of the largest snakes to ever exist on Earth. The “Vasuki indicus” – as it has been named by researchers – lived 47 million years ago in the marshy swamps of Kutch. A study of the species, published in Science Reports yesterday, suggests that the snake measured between 36 to nearly 50 feet long. Read here
