Mukesh Ambani will remain as Chairman for the next five years - this is among the slew of big announcements from the Reliance Annual General Meeting yesterday; Russian President Vladimir Putin will not participate in the G20 Summit being held in New Delhi on September 9 and 10; FIFA'S Disciplinary Committee has suspended Spanish Chief Luis Rubiales for 90 days after that controversial kiss at the Women's World Cup finals. Watch Stacy Pereira live on Newspresso.
Here are the stories you can look forward to: The chief of the Wagner Russian mercenary group, Yevgeny Prigozhin, is believed to have been killed in a plane crash. Onto the buzz from deal street where The Qatar Investment Authority (QIA) is said to invest $1 billion or Rs 8,278 crore in Reliance Retail Ventures. Chandrayaan-3 successfully landed on the moon making India the first country ever to land on the south pole of the moon. But what’s next? Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.
In this brand new edition of Newspresso, here are stories that you can look forward to: Latest from the 15th BRICS summit, where the leaders met to plot the future course of the bloc of developing nations. While shifting focus to India; Delhi’s city govt has declared government holiday from September 8 to September 10, in view of the G20 Summit. And of course, its D-day for Chandtayaan-3! Where Chandrayaan-3 will attempt soft landing on the moon. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.
From the global dispatch: Arm, the chipmaker owned by Japan’s SoftBank, filed for a Nasdaq listing on Monday – August 21, positioning itself to go public during a historically slow period for tech IPOs. While in India: PM Modi departed for the BRICS Summit in Johannesburg, South Africa. Why is this BRICS summit essential? Meanwhile in the trends sector: The Musk-Zuckerberg fight has been in the news for a while. Both tech moguls are ready to compete, and so is Italy to host their fight. But what is the date for this showdown? Watch this edition of Newspresso with Moneycontrol’s Nandita Khemka to find out.
In this brand new edition of Newspresso, here are stories that you can look forward to. From the global dispatch; Russia attacked the Ukrainian city Chernihiv, due to which more than 100 were injured and several were killed. But amid the attacks, Ukraine’s President Zelenskyy finalised F-16 aircraft deal. In India, the market participants will focus on the index heavyweight Reliance Industries as the much-awaited listing of Jio Financial Services. While from the trends sector; We saw Spain seal a thrilling 1-0 win versus England at the Accor Stadium in Sydney. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.
Asian markets have kicked off the day on the back foot as investors assess Japan’s July inflation data and fresh blows to China’s real estate sector. Japan’s core inflation rate fell to 3.1% percent, its exports fell in July for the first time since 2021. Continuing on global cues, New York has banned TikTok for all government employees, while other citizens won't be restricted from using the app. And if you are planning a vacation; you’re in luck. Air India has announced a four-day sale on flights across domestic and international destinations. To know what the fares are and for your fresh shot of Newspresso watch this edition with Moneycontrol’s Nandita Khemka.
Bringing you the top global update; European markets closed marginally lower yesterday as investors digested U.K. inflation data. Investment firm GQG Partners Emerging Market Fund and Goldman Sachs & GQG Partners International and a few other investors have picked up an 8.1 per cent stake in Adani power through 2 large block deals that took place in trade yesterday. Supreme Court launches a handbook that contains a glossary of gender unjust terms and alternatives that can be used instead. In this latest edition of Newspresso with Stacy Pereira, we bring you the top updates of all the latest news across the globe.
Donald Trump Indictment: Four criminal indictments have been filed against former US president Donald Trump. He is expected to surrender at the Fulton County jail as per the latest developments. From India, we bring you Infosys' big deal win! Infosys bagged a $1.6 billion deal from Liberty Global. Latest from the Tech Auto space, where Mahindra has unveiled its Thar.e its first E-SUV. In this latest edition of Newspresso with Stacy Pereira, we bring you the top updates of all the latest news across the globe.
Bringing you the latest from the globe on Monday morning; where hundreds of small shareholders in Credit Suisse will file a legal suit over the bank's forced rescue merger with UBS to obtain compensation for their losses. Meanwhile, in India, top news from the business over the weekend was Deloitte resigning as auditor of Adani Group's Port company. This resignation comes weeks after Deloitte raised concerns over the Hidenburgh report. Adani Ports has appointed MSKA Associates as the new auditor. Now, onto everything that is trending, Musk tweeted that, cage-match will be managed by Musk & Zuckerberg's foundations and not the UFC while the live stream will be on X.com and Meta platforms. Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.Watch this edition of Newspresso with Moneycontrol’s Stacy Pereira.
Inflation in the United States rose in July to 3.2 percent after 12 straight months of decline, boosted by costlier housing. Bringing you updates from India, Air India Chairperson N Chandrasekaran unveiled a new logo, branding and plane livery for Air India as part of its multi-million dollar transformation of the former state-run carrier. California-based company Freshworks booked 2,200 tickets for Rajinikanth's 'Jailer'. CEO Girish Matrubhootam shared a tweet in which he said, "2,200 tickets 7 screens Freshworks employees only". To get ahead of what is happening across the globe, watch this edition of Newspresso with Nandita Khemka only on Moneycontrol.
After seeing numerous Heatwaves and wildfires across the world. EU's climate observatory has concluded that July was the hottest month on Record. It said July was 0.72C warmer than the 1991-2020 average for July. While in Indian business -- all eyes will be on Governor Shaktikanta Das as he presents the MPC's decision at 10 am this morning... the consensus is that MPC may leave the repo rate unchanged yet again today as inflationary fears persist. Meanwhile, Bollywood star Kareena Kapoor Khan has now joined a long list of celebrities who are betting big on Indian startups. The actor has announced her partnership with the fresh fruit and vegetable brand, Pluckk. Watch Newspresso with Stacy Pereira
Asian Pacific markets opened mixed today, as investors slowly digest the data coming out of China — the country's consumer price index (CPI) fell in July. From the Indian sector, we might see Adani exit Wilmar. While from the trends sector, we see that OLA Founder has banned all auto journalists from a sneak peek into the launch of OLA Scooters. And the much anticipated Don 3 was announced yesterday by director Farhan Akhtar! Watch this edition of Newspresso with Stacy Pereira for your daily shot!
Investors will be watching out for China’s inflation figures today on August 7, which is likely to keep Asian markets under pressure. Two IPOs will be opening for subscription and four stocks will be newly added for trading. Meanwhile, tech biggies Elon Musk and Mark Zuckerberg are all-set for that cage match — in fact the X CEO declared his much-awaited fight with rival Meta’s Threads. Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
Amazon reported its second-quarter earnings that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth. While Apple also announced its earnings, where EPS: $1.26 vs. $1.19 estimated. Revenue: $81.8 billion vs. $81.69 billion estimated, down 1%. From back at home we tell you all about the newly passed data ordinance bill. From the corridors of power, Union Minister for Electronics & Information Technology Ashwini Vaishnaw introduced the Digital Personal Data Protection Bill in the Lok Sabha yesterday. From the trends, we bring you the story of Bettina Dorfmann, who has a collection of a staggering 18,500 Barbie dolls. Her love for Barbie dolls has in fact earned her Guinness World Record for the largest Barbie collection. Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
Former President Donald Trump was criminally charged in connection with his efforts to reverse his loss to President Joe Biden in 2020. No other U.S. president, current or former, has ever faced criminal charges. The enforcement directorate conducted raids at Hero Motocorp chairman, Pawan Munjal's residence yesterday. Sources say that searches were also conducted at his other premises located in Gurugram and Delhi. India's manufacturing sector activity expanded in July as compared to June. The S&P Global Purchasing Managers' Index (PMI) edged down marginally to 57.7%. Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
It's a sea of green in the Asia Pacific region...all major indices have opened in the positive territory even though China’s factory activity for July contracted for the fourth straight month. Nearly 8 years after it was signed, Maruti Suzuki has gone ahead and terminated the controversial contract manufacturing agreement with Suzuki in Gujarat. The automaker has agreed to buy out Suzuki's stake in the factory. Reliance Retail launched Jio Book yesterday. The 11-inch laptop costs Rs.16,499. The company is calling it the "first learning book", aimed at empowering individuals through "their learning journey". Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
China’s factory activity contracted for a fourth consecutive month in July, yet most Asian markets start weekly trade on a positive note. For Indian markets more consolidation expected. Primary markets gear up for 5IPOs and 2 D-street listings this week. In the latest trends, Elon Musk unveils the big ‘X’ logo at its San Francisco headquarters. And it’s the last day to file your ITR, so far more than 6 crore claims have been received by the IT department. @StacyPereira89 discusses all this and more on this episode of Newspresso.
The European central bank like the Fed has gone ahead and hiked interest rates by 25 basis points. This brings the main rate to 3.75% for the Euro region. Manipur crisis discussions in the parliament, opposition alliance members of INDIA are set to visit Manipur. The brand new Samsung watch and Tab were unveiled. Prices for India revealed. Watch this edition of Newspresso with Moneycontrol's Stacy Pereira.
The US Federal Reserve raised its benchmark lending rate on Wednesday to the highest level since 2001. The quarter percentage point rise lifts the Fed's key lending rate to a range between 5.25 per cent and 5.5 per cent. Jio Financial Services Limited and BlackRock have announced to create "Jio BlackRock," a 50:50 joint venture. From the trends, we bring you visuals of Samsung unveiled its Galaxy Z Flip Phones at Seoul. Samsung has launched two new folding phones that are thinner and lighter than its previous models. Watch this edition of Newspresso with Moneycontrol's Stacy Pereira.
The international monetary fund raises India's FY24 GDP growth forecast by 20 bps to 6.1% from 5.9%. This comes on the back of strong domestic investment and stronger-than-expected growth in the fourth quarter of the current year 2022. From India we bring you the story of Byju's; the largest institutional investor is crisis-hit; Byju's says poor corporate governance prompted its exit from the board. Prosus opens up on Byju's exit. While in the trends sector, we have people standing in long queues in front of the supermarket to stock up on rice, but why are NRIs in the U.S stocking up on rice? Watch this edition of Newspresso with Stacy Pereira only on Moneycontrol.
After years in development, the OpenAI chief Sam Altman launched Worldcoin. Worldcoin is Altman's cryptocurrency & digital ID project. While in India, SEBI meeting was held yesterday, SEBI is working on a slew of reforms for the Indian capital markets -- starting with instantaneous settlement. This comes just 5 months after it announced a shift to T+1 settlements. On the trends corner, the social media app Twitter is now X.com. Network's website showed the company's new logo, but its URL was still showing as twitter.com and the blue "Tweet" button was visible. Watch this edition of Newspresso with Moneycontrol's Stacy Pereira.
Spain's opposition right-wing won the elections with a hundred per cent votes counted... But it failed to secure a parliamentary majority. Top global private equity firm Bain Capital has entered into a definitive agreement to acquire 90% of Adani Capital and Adani Housing. The transaction will buy out 100% of the Adani family’s private investments. Musk to change the iconic bird logo of Twitter and replace it with an 'X'. To know what you need to look ahead of the upcoming week watch this edition of Newspresso with Moneycontrol's Stacy Pereira.
From the top global headlines; Veteran U.S. diplomat Henry Kissinger met with Chinese President Xi Jinping during a surprise visit to Beijing. And back at home, India's second-largest IT firm Infosys released its Q1 earnings. Amid the challenging demand environment, the company slashed its revenue guidance for the fiscal to a sharp 1-3.5% from 4-7%. And as we walk into the weekend, two of the biggest Hollywood movies have been released which will be the winner? Watch this edition of Newspresso with Moneycontrol's Stacy Pereira.
Top companies like Netflix, Goldman Sachs & Tesla announced their earnings. Netflix announced its Q2 earnings wherein it added 5.9 million subscribers in the quarter. Goldman Sachs' profit dropped 60% in Q2, missing estimates. While from India, Tata Sons plan to build a new EV battery plant in the United Kingdom's somerset. The automaker has announced an investment of 5.2 billion dollars. And latest on the trends sector, Meta has released a new version of its open-source artificial intelligence model called LLAMA-2. In a blog post Meta CEO Mark Zuckerberg said that the company is partnering with Microsoft. Watch this edition of Newspresso with Stacy Pereira to stay upto date!
A seventh straight day of gains for the Dow Jones making it its longest string of gains since March 2021. The S&P 500 gained 0.71%, while the Nasdaq Composite climbed 0.76% While back at home in business, SEBI along with NSE & BSE has gone ahead and revised the surveillance actions under the Enhanced Surveillance Measure (ESM) framework. And from the world of everything that's trending Djokovic has now been slapped a fine worth with $8000 for smashing his tennis racquet after the Wimbledon finale. Watch this edition of Newspresso with Stacy Pereira for your everyday shot of News.