Xbox’s new controller is made of one-third reclaimed materials-
I’m a big fan of both controllers and the Earth since the first make some games more comfortable to play, and the latter is the place where I keep all my stuff. Microsoft has just announced a new special edition controller made with the upcoming Earth Day in mind. It’s called the Remix Special Edition as reclaimed and recycled materials were used in its construction. To really drive home that recycled look, it’s also pretty ugly and reminds me of Australian recycling wheelie bins.
The dull green monstrosity is made up of one-third regrind and reclaimed materials—regrind in this case refers to leftover Xbox One controller parts turned back into raw material. It also features reclaimed materials recycled from things like CDs and headlights. The controllers also come packed with the rechargeable battery pack, which I wish we saw more often.
It’s a nice effort, but feels like things that should be standard practice, especially for the construction of leisure devi…
Sebi’s centralised system will make life easier for nominees
Thirty-seven-year-old Manish Sharma (name and professional details changed), an IT professional in Mumbai, lost his father nearly eight years ago due to a disease. When Sharma started going through his investments he realised that the process was not just tedious but there were hurdles galore. The added burden: His father had not named any nominee.
“The documentation process was cumbersome as it required original documents and with my father passing away in a different city, it was difficult,” he said.
The issues regarding address proof, extracting the original share certificates, allotment letters, and even legal documentation proved to be burdensome. In the absence of any nomination, he had to file a petition in the court at the city of demise to obtain a succession certificate. He then had to approach each company individually where the physical shares were held and submit these documents to get the shares transferred under his, his mother an…
Share Market Highlights- Markets end in deep red! Nifty closes at 24,700, Sensex plunges over 900 points; sharp cuts in realty and auto
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Friday’s trading session in the positive territory. The NSE Nifty 50 plunges 293.20 points or 1.17% to settle at 23,700.10, while the BSE Sensex fell 855.59 points or 1.08% to 80,981.96. The broader indices ended in negative territory, with falls led by Large-cap and Mid-cap stocks. Bank Nifty index ended lower by 213.85 points or 0.41% to settle at 51,350.15. Pharma stocks gains among the other sectoral indices while Realty and Auto stocks shed.
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Benchmark equity indices opened Friday’s trading session in negative territory.
Stocks To Watch- L&T, Axis Bank, JSPL, SBI Life, Indraprastha Gas , RVNL, Dr Reddy’s Lab, Tech Mahindra, Nestle India
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 163 points or 0.57% at 24,251 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended down by 65.55 points or 0.27% to settle at 24,413.50 while the BSE Sensex fell 280.15 points or 0.35% to 80,148.89.
“The budget event has gone by leaving a mixed bias while reshuffling of capital gain tax is only a short-term negative surprise. The broad market seems to be losing momentum due to lack of further traction,” said Vinod Nair, Head of Research, Geojit Financial Services.
Stocks To Watch: Tata Consumer Products, Varun Beverages, JSW Infra, IOC, Vodafone Idea Stock Market Crash Highlight: Monday blues for markets! Nifty, Sensex falls 2.7% each; Bank Nifty …
Teerth Gopicon, DCG Cables & Wires – 3 IPOs to open this week
After the launch of Bharti Hexacom’s mega IPO, the mainboard IPO market is set for a brief respite with no new offerings scheduled for the week.
However, activity in the small and medium enterprises (SMEs) segment will continue, as three new public issues are poised to debut in the primary market.
IPO opening this week
Teerth Gopicon IPO
Teerth Gopicon’s IPO is scheduled to open for subscription on April 8, 2024, and will close on April 10, 2024. The fixed price issue amounts to Rs 44.40 crore, offering 40 lakh shares.
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RBI interest rate decision, global trends, earnings to dictate stock markets- Analysts
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI’s interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts.
The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities.
“On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8. The Q3 quarterly results season will continue to remain in focus. Bharti Airtel, Power Grid, Nestle, Lupin and Tata Power will announce their results this week,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
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FPIs sell $1.8 billion in financial services stocks amid market fall
Foreign portfolio investors (FPIs) offloaded shares worth $1.76 billion of financial services companies in the first half of August, the maximum outflow from the sector since January, according to the data from National Securities Depository (NSDL).
The financial services space contributed to around 78% of overall net outflows during the period, with the total selling figure standing at $2.24 billion.
Apart from financial services, shares of metals, construction material makers and services companies also took a beating.
SEBI proposes easier rights issue norms Will Nifty trade above 24,800, or will it experience profit booking? See GIFT Nifty, FII data, F&O ban, crude, more before market opens Regulating the regulator Markets see steady gains as US recession concerns ease! Nifty near 24,700, Sensex holds 80,800
The selling, which was seen in the equities globally, was due to concerns over a potential recession in the US. So far in August,…
State-run energy firms line up for green IPOs
After NTPC Green’s Rs 10,000 crore initial public offer (IPO) expected around November, almost a dozen more such issues are likely to hit the market over the ensuing months, with state-run energy companies seeking to bolster the capital bases of their newly incorporated green subsidiaries.
These IPOs are part of a larger plan of these companies – Coal India, ONGC, SJVN, NHPC, India Oil and NLC India – to create robust climate-friendly asset bases, and enjoy the tax reliefs for new greenfield ventures (see chart). While a clearer picture will emerge only later, the combined value of these IPOs could easily run to tens of thousand crores, according to official sources and market experts.
While the sequence of the IPOs will unravel over the next few months, the government, especially the Department of Investment and Public Asset Management has been encouraging the energy sector CPSEs’ plans to float subsidiaries and joint ventures to take advanta…
225% jump in PSU market cap in 3 years- FM
The combined market cap of 81 listed Public Sector Undertakings (PSUs) including banks and insurance companies has grown by 225% in the last three years, aided by the government’s higher capital expenditure, better capital management and professionalism, finance minister Nirmala Sitharaman said on Wednesday.
In a rebuttal to Congress and Rahul Gandhi’s claim that PSUs are being “dismantled” and are in disarray under the Modi government, in a post on ‘X’, Sitharaman said the facts reveal a very different picture.”
PSUs which suffered and were neglected by the Congress-led UPA government, such as Hindustan Aeronautics Limited (HAL), have seen a resurgence under the Modi government, she said.
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FII, DII data- FPIs purchased shares worth Rs 252 Cr, DIIs added shares worth Rs 1111 Cr on October 23, Monday
Foreign institutional investors (FII) purchased shares worth net Rs 252.25 crore, while domestic institutional investors (DII) added shares worth net Rs 1,111.84 crore on October 23, 2023, according to the provisional data available on the NSE.
For the month till October 23, 2023, FIIs sold shares worth net Rs 13,159.47 crore while DIIs bought shares worth net Rs 12,995.64 crore. In the month of September, FIIs offloaded shares worth net Rs 26,692.16 crore while DIIs added equities worth a net Rs 20,312.65 crore.
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“Despite the healthy performance of private banks and marginal reductions in oil prices, investor confidence remained pessimistic, and a widespread consolidation persisted in the domestic markets. The global markets echoed the same trend, as the unrest in West Asia has the potential to spiral further. Increased apprehensions surrounding prolonged elevated i…