Stock market crash: Sensex plunges 888 points, well below 19,750. Infosys reservoirs 8%; IT loses 4%
Both major equity benchmarks, Sensex and Nifty, tumbled on Friday on a weak Infosys Q1FY24 report, triggering a rout in IT stocks and profit booking. The S&P BSE Sensex plunged 888 points (1.3%) to end the session at 66,684. During intraday trading, Sensex lost more than 1,000 points to hit a low of 66,534. In contrast, NSE Nifty50 settled at 19,745, down 234 points (1.17%). It hit a low of 19,700. On the 30-stock Sensex platform, Infosys fell 8.18% as the IT company’s sharp downgrade to its growth forecast caught most brokers by surprise. HUL, HCL, Reliance, Wipro, TCS, TechM were among the other big losers. On the other hand, L&T, NTPC, SBI, Kotak Bank, Tata Motors, ICICI Bank emerged winners.
Go First obtains DGCA approval to resume flights under certain conditions
The Directorate General of Civil Aviation (DGAC) announced on Friday that it had approved Go First’s plan to restart operations with 15 aircraft and 114 daily flights, under certain conditions. Low-cost carrier Go First, which stopped flying on May 3, is in the process of insolvency resolution. In a statement, the aviation regulator said the airline’s recovery plan for operating 15 planes and 114 daily flights has been reviewed and accepted. “Go First may resume scheduled flight operations upon availability of interim funding and flight program approval by the DGCA. In addition, Go First has been instructed to ensure compliance with all applicable regulatory requirements, to ensure the continued airworthiness of aircraft engaged in operations, and to subject each aircraft to a satisfactory treatment flight prior to deployment for flight operations,” the aviation regulator’s notification said.
Why Stock Investing Is Gaining Ground Among Novice Investors
Want to generate wealth? Investing in the stock market might be the best option for you. However, for a beginner, investing in the stock market is not an easy task. It requires a good understanding of the stock market and stocks apart from many other things. A foray into the stock market can be exciting and just as challenging. For a novice investor, knowledge about stocks, the stock market, regulatory guidelines and patience are needed before investing. Lately, stock investing is gaining ground among beginners, and the data collected by the two major depositories, the Central Depository Service (CDSL) and the National Securities Depository (NSDL), only proves this point. The total number of active dematerialized (Demat) accounts in India topped 120 million for the first time in June. Data collected that month saw the addition of 2.36 million new accounts, marking the largest monthly increase since May 2022. The total tally topped 120.51 million, up 2% from a month ago and 24.41% from a year ago.
The launch of the iPhone 15 will be delayed
The launch of the next iPhone 15 line could be delayed until October, according to an analyst at Bank of America (BoA). Wamsi Mohan, global securities analyst at BoA, said that the official unveiling of the iPhone 15 series may be delayed for “a few weeks”, which means we won’t see the launch of the iPhone 15 series in September. Mohan, in a research note shared with Barrons, mentioned that the launch could take place in the fourth quarter (Q4) of 2023.
Netflix ends password sharing in India
Netflix recently took a major step in India by implementing a policy to end password sharing, limiting account access to only members of a “Household”. The company’s move is part of a wider global crackdown on password sharing beyond immediate family members, aimed at boosting revenue after a tough time last year. In May, Netflix announced its determination to curb this practice, and the results are encouraging.
Galaxy Z Fold 5, Galaxy Z Flip 5 will be thinner: Samsung
We are days away from the Galaxy Unpacked event where Samsung is expected to unveil its next-gen foldable smartphones and now a senior Samsung executive has revealed key details of the upcoming Galaxy Z Flip 5 and Galaxy Z Fold 5 ahead of the Unpacked launch event. According to TM Roh, President and Head of MX Business, Samsung Electronics, the company has “raised the standards for ergonomics in foldable smartphones”. The portability of Samsung’s foldable phones has garnered a lot of interest over the past few weeks following the release of Google’s first foldable phone, the Google Pixel Fold. Even though there are similarities between the Galaxy Z Fold 4 and the Pixel Fold, the latter is 0.2 inches thinner.
IND vs PAK: India could face Pakistan three times in Asian Cup 2023. Here’s how
The 2023 edition of the Asian Cup, a six-team ODI tournament, will kick off from August 30 in Multan. If Pakistan and India qualify for the Super 4 round of Group A, they will face each other for the second time on September 10 in Colombo. The top two Super 4 teams will qualify for the Asian Cup final and if Pakistan and India book their places for the top-flight clash in Colombo on September 17, fans will be able to see the IND vs PAK game for the third time in 15 days.
Lionel Messi makes his debut for Inter Miami with a winning free kick in extra time against Cruz Azul
Lionel Messi is widely regarded as one of the best players to ever play football. The seven-time Ballon d’Or winner and World Cup winner with Argentina showed why he was so highly rated on his Inter Miami debut in their 2023 League Cup opener against Cruz Azul at DRV PNK Stadium in Florida. Coming on as a second-half substitute, Messi made his presence felt on the pitch in the opening minutes as he created chances and delivered magical passes, but it was in the dying minutes of the match, with the scores leveled at 1-1, when he made a real impact with a free-kick winner.
BCCI shares fitness update for five Indian players including Jasprit Bumrah and Rishabh Pant
On Friday, the Board of Control for Cricket in India (BCCI) shared updates on the health and fitness status of five players including Jasprit Bumrah, Prasidh Krishna, KL Rahul, Shreyas Iyer and Rishabh Pant who are currently undergoing rehabilitation at the National Cricket Academy in Bengaluru. Pacers Jasprit Bumrah and Prasidh Krishna are in the final stages of the rehabilitation process. According to the table, they played with maximum intensity in the net. They will also participate in practice matches organized by the NCA. India’s star player Rishabh Pant has also made progress and started hitting and keeping in the net. Speaking of KL Rahul and Shreyas Iyer, they have also started beating in the net and are currently focusing on their strength and fitness workouts.
‘We can’t confirm it’s ours unless we analyze it,’ ISRO chief S Somanath says of mystery object on Australian beach: report
Indian Space Research Organization (ISRO) chief S Somanath said there was “no mystery” that the object that washed up on an Australian beach days ago was “part of a rocket”. However, he also said India cannot confirm whether the object is part of an Indian rocket unless the country analyzes it, the BBC reported on Wednesday. “We cannot confirm that it is ours unless we analyze it,” the ISRO chief said. The mysterious dome-shaped object was discovered on July 15, 2023, near Green Head Beach in Western Australia, about 250 kilometers north of the city of Perth.
Gaganyaan: ISRO is successfully testing the service module’s propulsion system. Know its meaning
Gaganyaan Mission: The Indian Space Research Organization (ISRO) successfully tested the Gaganyaan Module Propulsion System (SMPS) on July 19, 2023, a significant feat for the performance of the orbital module. The test was carried out at the ISRO propulsion complex in Mahendragiri and involved five liquid-apogee engines, the Indian space agency said on its website. Liquid apogee engines are chemical rocket engines used as the main engine in a spacecraft. Such a motor is controlled by two solenoid valves which provide thrust.
Oppenheimer: the father of the atomic bomb and the subject of Christopher Nolan’s film
Julius Robert Oppenheimer, the theoretical physicist on whom Christopher Nolan’s latest Oscar-nominated film Oppenheimer is based, lived a life of triumph and tragedy. Known as the “Father of the Atomic Bomb,” Oppenheimer served as director of the Manhattan Project laboratory in Los Alamos, New Mexico, where the atomic bomb was designed. Nolan’s film is adapted from the Pulitzer Prize-winning book American Prometheus: The Triumph and Tragedy of J. Robert Oppenheimer, a 2005 biography written by Kai Bird and Martin J Sherwin. Nuclear weapons developed by Oppenheimer as part of the Manhattan Project helped end World War II. It was the first and only time that such destructive weapons were used in a conflict.ENT
Uorfi Javed faces harassment by ‘drunk’ men on flight, shares story
Uorfi Javed recently flew from Mumbai to Goa. Uorfi was seen by the paparazzi sporting a brand new look on Thursday night after dying her hair pink before leaving for Goa. Her vacation was a little unsettling as she was ridiculed, harassed and teased by “drunken” men when she was in economy class. She posted a clip of the group to her Instagram Story and said it was not “public property”.
Mouni Roy released from hospital after 9 days; Shares a thank you note for husband Suraj Nambiar and close friends
Mouni Roy, who has been silent on social media for some time, updated her fans on her health. It appears the ‘Brahmastra’ actor was hospitalized and spent 9 days there. The actor shared a thank you note for his close friends and husband Suraj Nambiar. Mouni also shared a photo gallery which also features a drop on her hand and her recovery time.
Project-K is now “Kalki 2898 AD”; The teaser video features Deepika Padukone and Prabhas in an intense look
The makers of “Project K” have stunned fans with the momentous preview of their highly anticipated movie, now officially titled “Kalki 2898 AD.” This cinematic masterpiece has been hailed as a seamless fusion of sci-fi and unprecedented storytelling, setting new benchmarks for the genre. In the new teaser video, viewers can get a glimpse of Deepika Padukone and Prabhas in a futuristic setup. The film’s premise, set in the distant future of 2898 AD, seamlessly blends futuristic elements with rich storytelling.