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As stock market crashes, investors embrace memes. Anand Mahindra chimes in

Published on Aug 05, 2024 02:00 PM IST

“Never a better time to deploy the ancient Indian practice of Pranayama,” Anand Mahindra wrote as a part of his post on the stock market crash.

A meme on the stock market crash. (X)

Amid stock market rout, Anand Mahindra's advice: Practice prayanama and…

Mahindra Group chairman Anand Mahindra said that it was time to play the ‘long game’ in Indian stock markets.

Anand Mahindra said that it was time to play the ‘long game’ in Indian markets as Sensex and Nifty crash following global cues. (Twitter/@anandmahindra)
Updated on Aug 05, 2024 01:41 PM IST

IndiGo flyers can avail 18% discount, new business class product announced

Indigo gives an 18% discount for the airline's 18th anniversary and announces a new business class product called ‘IndiGo Stretch’

The side of an IndiGo Airlines A320 aircraft is pictured on the tarmac (Reuters)
Updated on Aug 05, 2024 04:29 PM IST

Global markets crash: What is carry trade and how does it impact yen and India?

The BoJ raised its short-term policy rate from -0.1% to between 0 and 0.1%. Experts believe the move is expected to have an adverse impact on carry trade.

An employee of the foreign exchange trading company Gaitame.com works in front of monitors displaying the Japanese yen exchange rate against the US dollar. (Reuters)
Updated on Aug 05, 2024 01:23 PM IST

iPhone 16 September launch confirmed despite Apple Intelligence delay reports

Apple will be launching the iPhone 16 in September despite having postponed releases of important products in the past due to software features not being ready

iPhone 16 will have a number of features that will harness the power of AI for users across multiple tasks. (Representational image/Reuters)
Updated on Aug 05, 2024 01:26 PM IST

Bitcoin plunges, Ether sees worst drop since 2021 amid US recession fears

Bitcoin has fallen alongside other assets including global equities in a broad selloff as investors fear a US recession could be on the horizon.

Signage for Bitcoin cryptocurrency is seen. Cryptocurrencies reeled from a bout of risk aversion in global markets and at one point sending Bitcoin down more than 11%.(Bloomberg)
Updated on Aug 05, 2024 12:56 PM IST

How volatile is Indian stock market? Should you buy, hold or sell?

Stock market crash: India VIX, barometer to assess market anxiety and volatility, skyrocketed 52 per cent in a single day to 22- highest since August 2015.

Stock market crash: Among sectors, Nifty Auto, Realty, Metal and Public Sector Banks fell the most.
Updated on Aug 05, 2024 12:49 PM IST

Warren Buffett says Steve Jobs once called him for investment advice, ignored it

Steve Jobs had called to get advice on what to do with Apple's huge cash pile, Warren Buffett recounted.

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha.(AP)
Updated on Aug 05, 2024 09:43 PM IST

Will US economy go into recession? Goldman economists lift ‘limited’ risk to 25%

Goldman said US economy continues to look “fine overall,” there are no major financial imbalances and Federal Reserve has a lot of room to cut interest rates.

A worker organizes bicycles at a Walmart Superstore in Secaucus, New Jersey.(AP)
Published on Aug 05, 2024 12:14 PM IST
Bloomberg |

Adani stocks fall up to 6% today. Here's why

Adani Group Chairman Gautam Adani said that he plans to step down at 70 and shift control to his scions in the early 2030s.

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters)
Updated on Aug 05, 2024 09:43 PM IST
By | Edited by

Japan's Nikkei falls 13% in its worst one-day loss since 'Black Monday' of 1987

The Nikkei index was down 12.9 per cent at 31,290.63. It dropped 5.8 per cent on Friday and it is headed for its worst two-day decline ever.

A monitor shows the Nikkei 225 stock index in Tokyo.(AP)
Published on Aug 05, 2024 11:43 AM IST
PTI |

Stock market crash: Sensex down 2,000 points, 10 lakh crore wiped out today

Stock market crash: Both Sensex and Nifty were down and most of the other broader market indices were also trading in negative territory.

Stock market crash: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Aug 05, 2024 11:22 AM IST

Rupee drops to lifetime low of 83.7525 vs dollar on outflow worries

Forex traders said the sharp downfall in the domestic unit came on the heels of a downturn in the Indian equity markets and significant foreign fund outflows.

On Friday, the rupee settled 1 paisa higher at 83.72 against the US dollar in a range-bound trade.
Published on Aug 05, 2024 11:08 AM IST
PTI |

Should you invest in stock market amid fears of US recession? ‘More resilient…'

Christopher Wood said that he expects the Indian stock markets to withstand the global stock crash.

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, US.(Bloomberg)
Updated on Aug 05, 2024 10:49 AM IST

Harsh Goenka posts video of ‘majestic’ big cats roaming outside his Coonoor home

Harsh Goneka’s video showing two big cats roaming outside his Coonoor home has gone viral. It prompted people to post varied reactions.

The image, taken from a video shared by Harsh Goenka, shows two big cats outside his Coonoor home. (X/@hvgoenka)
Published on Aug 05, 2024 10:44 AM IST

India's services growth slows a touch but still solid, PMI shows

INDIA-ECONOMY/PMI-SERVICES:India's services growth slows a touch but still solid, PMI shows

India's services growth slows a touch but still solid, PMI shows
Published on Aug 05, 2024 10:34 AM IST
Reuters |

Will Karan Adani become Adani Group chairman when Gautam Adani exits?

Gautam Adani said that he was very focused on a well-planned transition for the sustainability of the business.

Karan Gautam Adani, Chief Executive Officer of Adani Ports & SEZ Limited.(PTI)
Updated on Aug 06, 2024 08:24 AM IST

Stock market bleeds amid global cues: 4 reasons why Sensex, Nifty are falling

Stock market crash today: This follows the trend of global markets as US futures were deep in the red with Nasdaq futures down over 2 per cent.

Stock market crash: Stock prices displayed on a digital screen at the facade of the Bombay Stock Exchange building, in Mumbai.
Updated on Aug 05, 2024 12:09 PM IST

Stock market crashes at opening: Sensex falls 1,400 points, Nifty below 24,350

Stock market crash: Nifty's top losers were Maruti Suzuki, Tata Motors, Hindalco, Titan Company and Tata Steel.

Stock market crash today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Aug 05, 2024 09:35 AM IST
By | Edited by

‘Can robots win medals with hands in pocket’: Yusuf Dikec asks, Elon Musk reacts

Turkish shooter Yusuf Dikec not only asked Elon Musk about future robots at the Olympics but also invited him to visit Istanbul.

An X exchange between Yusuf Dikec and Elon Musk about robots has gone viral. (X/@yusufdikec, AP)
Updated on Aug 05, 2024 08:59 AM IST

Gautam Adani to step down in 8 years, hand over business to sons in early 2030s

Gautam Adani said that he asked his two sons and two nephews if they prefer to divide the Adani Group's extensive businesses.

Gautam Adani speaks during an event. (Reuters)
Updated on Aug 06, 2024 08:24 AM IST

Elon Musk-backed PAC under investigation for violations of Michigan laws: Report

Tesla CEO Musk has previously said he did create a PAC focused on supporting candidates but has not pledged anything to anyone.

Elon Musk arrives at the 10th Breakthrough Prize Ceremony.(AP)
Updated on Aug 05, 2024 08:41 AM IST
Reuters |

Watch the moment Mark Zuckerberg swapped jackets with Nvidia's Jensen Huang

Mark Zuckerberg picked a black jacket from behind the sofa and said, “It’s black and leather and shearling”.

Nvidia chief executive officer Jensen Huang, left, laughs after exchanging jackets with Meta founder and CEO Mark Zuckerberg at SIGGRAPH 2024.(AP)
Updated on Aug 05, 2024 08:37 AM IST
By | Edited by

Neuralink implants second trial patient with brain chip, Elon Musk says

Elon Musk gave details about the second patient saying that the person had a spinal cord injury similar to the first patient.

Neuralink logo and Elon Musk photo are seen.(Reuters)
Updated on Aug 06, 2024 09:50 AM IST
By | Edited by

CrowdStrike says it should not be blamed for Delta Airlines' cyber outage

CrowdStrike said in a letter that it is “highly disappointed by Delta's suggestion that CrowdStrike acted inappropriately.”

CrowdStrike logo is seen in this illustration.(Reuters)
Updated on Aug 05, 2024 08:14 AM IST

Warren Buffett hates Bill Gates' mismanagement: ‘Their friendship is over’

Certain aspects of Bill Gates' behavior hurt Warren Buffett who is known for his love of lean and efficient operations free of bureaucracy.

Berkshire Hathaway CEO Warren Buffett (R) talks to Microsoft founder Bill Gates as they play Bridge during the Berkshire Hathaway annual meeting weekend.(Reuters)
Updated on Aug 06, 2024 09:49 AM IST
By | Edited by

Japan's Nikkei index plunges nearly 7% as global sell-offs resume

The Nikkei had shed more than 2,400 points to 33,488.08 about a half-hour after opening.

A man looks at an electronic quotation board displaying stock prices of Nikkei 225 on the Tokyo Stock Exchange in Tokyo.(AFP)
Published on Aug 05, 2024 07:24 AM IST
AP |

EXCLUSIVE-India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod

INDIA-ALCOHOL/SURROGATE-ADS (REPEAT, EXCLUSIVE, PIX):RPT-EXCLUSIVE-India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod

EXCLUSIVE-India plans tougher ad curbs on liquor makers such as Carlsberg, Diageo, Pernod
Updated on Aug 05, 2024 05:02 AM IST
Reuters |

Tax defaults in India rise by 1000% in last 10 years, litigations double: Report

Corporate taxes formed a large bulk of the defaults, adding up to ₹3.97 lakh crore and capital gains tax and transfer pricing defaults was ₹4.81 lakh crore.

Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen (Representational Image/Pixabay)
Published on Aug 04, 2024 07:56 PM IST

Maruti Suzuki EVs to come in few months, awaits clean tech policy: R.C. Bhargava

Maruti Suzuki Chairman R.C. Bhargava believes in offering cars with different technologies considering India's economic and social environment and resources

Corporate office of Maruti Suzuki India Limited is pictured in New Delhi, India. (Reuters)
Updated on Aug 04, 2024 07:22 PM IST
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