Apple’s Tim Cook wants the ‘whole thing’ in India, from developers to ops; Adani Ports Share Price: 90% analysts remain bullish; Finance & more
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Adani Ports Share Price: 90% analysts remain bullish; See target of up to ?1,782
Shares of Adani Ports & Special Economic Zone Ltd. will be in focus on Friday as a couple of top brokerages raised their price targets and some even retained their bullish outlook after the company reported a healthy performance in the fourth quarter of financial year 2024.
Global brokerage firm Citi has raised its target price on the stock from ?1,758 per share to around ?1,782 apiece, implying an upside of nearly 33%. The foreign brokerage said that Adani Ports not only reported a strong fourth quarter numbers but also gave a healthy a FY25 guidance. Referring to Adani Ports as its top pick, Citi said the company has high quality and dominant underlying business and attractive valuations.
Rahul Gandhi to contest from Raebareli, close aide KL Sharma from Amethi
The suspense is finally over on Congress party's traditional seats in Uttar Pradesh. Party MP Rahul Gandhi will contest from Raebareli and his close aide Kishori Lal Sharma from Amethi in the ongoing Lok Sabha elections.
Both will file their nominations on Friday, May 3, as today is the last day for the process. The seats will go to polls in the fifth phase on May 20.Gandhi will hold a roadshow ahead of filing his nomination in Raebareli. Sharma was the key man who looked after the two key constituencies in the absence of the Gandhis.
#TechTalks??
Apple’s Tim Cook wants the ‘whole thing’ in India, from developers to ops
Apple India saw record double-digit growth in the January to March 2024 quarter and Chief Executive Officer (CEO) Tim Cook is “very very pleased”.
“I see it as an incredibly exciting market and it's a major focus for us. In terms of the operational side or supply chain side, we are producing there and from a pragmatic point of view, you need to produce there to be competitive,” Cook said in a call with investors after the results were announced on May 2.
The earnings call happened after the iPhone manufacturer reported a 4.3% drop in quarterly revenue to $90.8 billion, but the figure was marginally higher than the analyst expectation of $90.3 billion. Despite the drop, Apple saw record March quarter revenues in more than a dozen countries and regions, including India, Latin America, the Middle East, Canada, Spain, and Turkey.
HP Envy x360 2-in-1 14 Review: The premium convertible that has it all
HP's Envy x360 2-in-1 14 laptop is an exceptional offering for individuals who prize a blend of power, portability, and adaptability. Whether you're a student who needs a versatile workstation, a creative professional who needs inspiration on the go, or simply someone searching for a high-performing laptop that doubles as a tablet, the Envy x360 delivers on all fronts.
Design and craftsmanship
From the moment you take it out of the box, the Envy x360 exudes class and refinement. Its aluminium chassis is available in colour options like Space Blue or Natural Silver, all boasting a luxurious feel. My review unit came in the stunning Space Blue variant. Despite its metal construction, the laptop remains remarkably thin and lightweight, making it an ideal travel companion.
Nothing rolls out 2.2.5a OS update for Phone (2a) with ChatGPT features
Nothing has released the Nothing OS 2.5.5a update for its Phone (2a) device. This update brings several new features and improvements, most notably the integration of ChatGPT, the popular AI chatbot.
ChatGPT Integration
#ExpertEdge??
Cleaner transportation — is the viability of an only EV focused strategy raise concerns
To push the adoption of cleaner transportation on Indian roads, the government has implemented a series of policy measures in recent years. Initiatives such as the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme, which commenced in 2015, later extended to 2019 before its revamp as FAME II, now extended until 2024, along with the National Electric Mobility Mission Plan, reflect the government's commitment to fostering a greener and eco-friendly transportation system in the country.
These policies aim to promote electric vehicles (EVs) through two main channels — the production of original electric vehicles by Original Equipment Manufacturers (OEMs) and the encouragement of a retrofitment ecosystem for converting existing combustion engine-based vehicles into electric ones.
领英推荐
GST revenue — here's an impressive April number, but there are these challenges going forward
The financial year 2024-25 has started with a bang. The revenue from the Goods and Services Tax (GST) for the month of April 2024 hit a phenomenal ?2.10 lakh crore. Central Goods and Services Tax (CGST) accounted for ?43,846 crore, State Goods & Services Tax? (SGST) accounted for ?54,538 crore , Integrated Goods and Services Tax ( IGST) accounted for ?99,623 crore including ?37,826 crore from imported goods and ?13,260 crore was collected from cess.
This is a significant jump above the revenue of the previous month, March 2024, the last month of the last financial year when GST revenue touched ?1.78 lakh crore. So, what is it which is driving GST revenue?
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Ambit Group | Ashok Wadhwa’s Take On PE Exits amp; Block Deals: A Reg Flag Or Not?
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Dennis Woodside — Freshworks’ new CEO takes charge of $1 billion revenue goal
Dennis Woodside is all set to take on the role of Freshworks Chief Executive Officer (CEO) as founder Girish Mathrubootham has decided to step down and transition into the Executive Chairman role.
Woodside joined Freshworks as President in September 2022. Since then, Woodside has accelerated Freshworks’ investments in enterprise-grade products, and driven increased focus on the growth of mid-market and enterprise customers.
#PersonalFinance??
UPI transactions dip slightly in April, but see 50% growth year-on-year
In April, Unified Payments Interface (UPI) transactions experienced a 1% dip month-on-month (MoM). The volume of transactions slipped from 13.44 billion to 13.30 billion, while the transaction value also saw a marginal decline from ?19.78 lakh crore to ?19.64 lakh crore during the same period.
However, the number of transactions saw a growth of 50% when compared with April last year, while the total amount of transactions saw 40% growth.
Tax base erosion, simplifying tax structure set to be IT department's priority areas for full budget
As India votes in the Lok Sabha Election, the bureaucratic corridors are busy preparing the blueprint of what could be a part of the upcoming post-election budget. The income tax department has drawn up a list of priority areas that could see light in the upcoming full budget, sources have told CNBC-TV18.Firstly, these priorities include measures to prevent tax base erosion via tax-deductible payments to low-tax nations, which will be subject to various treaties, say sources.
The tax-deductible payments through which tax erosion happens include data hosting charges, cloud computing charges and platform fees, among other forms of payments in the increasingly globalised world. The Union Government could opt to levy a withholding tax on such payments, particularly when the payment is going to a low-tax country, the sources added.
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10 个月Apple's plan to invest more in India is a great sign for the economy. Also, excited about Nothing's innovation as they integrated ChatGPT features.