Nifty ended Thursday expiry weaker by 345 points as the index broke below both the lower boundary of its upward channel and the support of the 50-day exponential moving average (DEMA) around the 22,150 level. The daily chart saw the formation of a long negative candle. Nifty has been in a larger range movement of … Read more
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors believes it can regain market share in China after hitting a roughly 20-year low last year amid changing market … Read more
The number of Americans applying for unemployment benefits jumped to its highest level in more than eight months last week, another indication that the red hot U.S. labor market may be softening. Unemployment claims for the week ending May 4 rose by 22,000 to 231,000, up from 209,000 the week before, the Labor Department reported … Read more
Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of interest towards housing and vehicle loans have continued to rise, but the trend could reverse in 2024-25 on account of the impact of RBI’s curbs on personal loan. The net household savings declined sharply … Read more
But to convince F1 teams to abandon their own super-expensive bespoke in-house simulators and also persuade car manufacturers to use Dynisma’s tech to hone potential road cars, Warne and his team had to develop a sophisticated driving simulator that could drastically reduce latency to a point where the brain cannot distinguish any lag at all. … Read more
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery reported first-quarter results on Thursday, missing analyst expectations on both the top and bottom lines. Here is how Warner Bros. Discovery performed, compared with estimates from analysts … Read more
A former employee of Boeing’s largest supplier has alleged that key aircraft parts regularly left the factory with serious defects. Santiago Paredes, who worked for Spirit AeroSystems in Kansas between 2010 and 2022, said he was used to finding “anywhere from 50 to 100, 200” defects on fuselages – the main body of the plane … Read more
Global brokerage firm Nomura initiated coverage on PSUs Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) with a ‘buy’ rating and a target price of Rs 4,750 and Rs 300, respectively. This signals an upside potential of 23% for HAL and 30% for BEL from their current market price. The brokerage firm bets on HAL for … Read more
Vermont is poised to pass a groundbreaking measure forcing major polluting companies to help pay for damages caused by the climate crisis, in a move being closely watched by other states including New York and California. Modeled after the Environmental Protection Agency’s Superfund program, which forces companies to pay for toxic waste cleanup, the climate … Read more
Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the day’s high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024. TVS Motor Company’s revenue from operations in the quarter under review … Read more
