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New Delhi6 days ago
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Yesterday’s big news was related to Tata Group. Tata Group’s Tata Electronics is planning to buy a majority stake in Taiwanese contract manufacturer Pegatron’s sole iPhone plant in India. At the same time, the value of 8 out of the top 10 companies of the country in terms of market capitalization has combined reduced by Rs 1.65 lakh crore in the last week. HDFC Bank remained the top loser during this period.
Before tomorrow’s big news, today’s major events to keep an eye on…
- There may be a decline in the stock market today on Monday.
- There has been no change in the prices of petrol and diesel.
Now read tomorrow’s big news…
1. Tata Group will buy Pegatron’s iPhone plant: Talks between the two companies are in advanced stage, had bought Wistron’s plant last year.
Tata Group’s Tata Electronics is planning to buy a majority stake in Taiwanese contract manufacturer Pegatron’s sole iPhone plant in India. Pegatron has this plant in Tamil Nadu. This will create a new joint venture, which will strengthen Tata’s position as an Apple supplier.
According to Reuters report, this deal between the two companies was announced internally last week. Under this deal, Tata will hold 60% stake and will look after the daily operations under the joint venture. Pegatron will hold the remaining stake and provide technical support.
Click here to read the complete news..
2. Value of 8 companies in top-10 decreased by ₹ 1.65 lakh crore: HDFC Bank’s market cap decreased by ₹ 46,729 crore in last week’s trading, Infosys was the top gainer.
In terms of market capitalization, the value of 8 out of the top 10 companies of the country has combined reduced by Rs 1.65 lakh crore last week. HDFC Bank remained the top loser during this period. During the week’s trading, the market cap of the bank has decreased by Rs 46,729.51 crore to Rs 12.94 lakh crore.
Apart from HDFC Bank, State Bank of India (SBI) was the second biggest loser. The market cap of SBI has fallen by Rs 34,984.51 crore in a week to Rs 7.17 lakh crore. Apart from these, the market cap of Hindustan Unilever, Reliance Industries, ITC, Bharti Airtel, LIC and ICICI Bank has also decreased.
Click here to read the complete news..
3. Expected fluctuations in the stock market this week: From Trump Administration to FII-DII flows; These factors will decide the movement of the market
There may be ups and downs in the stock market this week. The market will keep an eye on Trump Administration, Domestic Economic Data, Global Economic Data, FII-DII Flow and Upcoming IPO. Due to Maharashtra Assembly elections, the markets will remain closed on Wednesday i.e. 20th November.
According to Harshubh Mahesh Shah, Founder of Wealth View Analytics, there may be a lot of ups and downs in the market this week. He believes that Nifty-50 will fall to the level of 23,320, although support can also be seen around this level. Apart from this, he has also said that the main direction of the market is going to remain negative in future.
Click here to read the complete news..
4. Boeing sent retrenchment notice to 400 employees: The company is going through financial crisis, plans to cut about 17,000 jobs.
Boeing has sent layoff notices to more than 400 members of its Professional Aerospace Labor Union. The company is currently grappling with financial crisis, regulatory challenges and an eight-week machinists union strike. Affected employees will remain on the payroll until mid-January.
Boeing announced in October that it would cut 10% of its workforce (about 17,000 jobs) in the coming months. CEO Kelly Ortberg told employees that the company must reset its workforce levels to align with our financial reality.
Click here to read the complete news..
Now read the news you need…
Investing is beneficial instead of repaying home loan prematurely: Interest on secured loan is less, whereas you can get higher returns on investment.
You have some extra money and want to foreclose or pre-pay the home loan. But, before making pre-payment it would be better to consider all the aspects related to it.
It is possible that by investing that amount you may get more benefits than the benefits received from pre-payment. Keep in mind that most financial institutions charge the maximum amount of interest in the initial years of the loan. In such a situation, pre-payment or foreclosure much later will not be of much benefit.
Click here to read the complete news..
If income is uncertain, investing through flexible SIP is better: Know which SIP is right for you according to age and needs.
In India, investment in mutual funds through Systematic Investment Plan i.e. SIP is continuously increasing. By October 2024, the number of SIP portfolios in the country will exceed 10 crore. But not all SIPs are the same. These are mainly of 5 types. By knowing about these, you can guess which SIP is right for you according to your age and needs.
Click here to read the complete news..
Also see who were the top 10 richest people in the world yesterday…
The market was closed on Friday due to Guru Nanak Jayanti and holidays on Saturday-Sunday, so know the condition of share market and gold and silver on Thursday…
Know the latest price of petrol, diesel and gas cylinder…
