Bluechip Companies

Markets Today: Wall St. in red, FIIs, Property Share listing, Gold & Oil up

At 6:35 AM, GIFT Nifty futures were trading 50 points higher at 24,753 levels, hinting at an upbeat start

Veteran investor Raamdeo Agrawal's pursuit of 'bruised blue-chips'

Investing in beaten-down high-RoE stocks can be rewarding, says the veteran investor

Qualcomm chip sales to Chinese smartphone makers fuel strong results

Qualcomm's derived 46% of its revenue in its most recent fiscal year from customers with headquarters in China

TSMC's Arizona chip production yields surpass Taiwan's in win for US push

The accomplishment is a sign of progress for Washington's efforts to revitalise American semiconductor manufacturing

L&T Semicon expects chip production to start in 2 yrs; to set up unit later

Fabless chip company L&T Semiconductor Technologies expects manufacturing of semiconductor products designed by it to start in the next two years, a top company official said. While speaking to PTI, L&T Semiconductor Technologies CEO Sandeep Kumar said the company will set up its chip manufacturing plants after achieving a threshold revenue in the range of USD 50 million to USD 1 billion for different semiconductor technologies. The company is building teams to handle around 15 different products in parallel, and it is already halfway on that journey, he added. "We will have the full force ready in the next six months. By the end of this year, we will be able to handle 15 parallel product designs. Since we have half the team, roughly six product designs have already started. Those designs will launch sometime by the end of next year, and production will start in two years from today," Kumar said. He said the company is of the view that starting as a fabless chip firm is ...

Israel's Tower Semiconductor, Adani plan $10 bn chip project in India

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading

Samsung Electronics' union set to stage 1st walkout over pay in South Korea

The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest me

Bluechips drive India past $5 trillion market capitalisation milestone

63% of mcap growth contributed by top 100 firms

China state fund Central Huijin Investment pours $41 bn into markets in Q1

The purchases helped China's CSI300 blue-chip index bounced back roughly 14% from five-year lows hit in February

Data centre operator Yotta plans capacity booster for AI efforts

Apart from serving India, the company also aims to cater to the global demand

ISMC Analog asks govt to block Tower Semiconductor's chip fab application

ISMC had tied up with Tower, and an agreement was signed on December 31, 2020, for setting up a 300-millimetre manufacturing analogue/mix fab project in India

London stock exchange sees first trading halt in 4 yrs, blue chips spared

Traders said that shares in CRH and Deliveroo were among those not trading on the London market after the incident, which was the first time trading on the LSE had been interrupted since 2019

Indian blue-chips slip on Middle-East conflict concerns, metals cap losses

Metals gained nearly 1%, after data showed recovery in exports and imports in world's top consumer China. JSW Steel, Tata Steel were among the top Nifty 50 gainers

Small stocks lag behind in FY23, take bigger hit than bluechip firms

Small stocks have lagged behind the equity benchmark Sensex in 2022-23, falling nearly 6 per cent amid a host of negative factors like higher interest rate regime, high inflation and the Russian-Ukraine war. According to market analysts, it was a tumultuous year for the Indian equity market. The Russian-Ukraine war made the first quarter of the Indian equity market particularly difficult, but the second and third quarters witnessed a respectable rebound, they noted. Headwinds such as high inflation, the Russia-Ukraine war and higher interest rates hit investors' appetite for small stocks. With just one day of trading left in the current fiscal, the BSE smallcap gauge has fallen by 1,616.93 points or 5.73 per cent so far in 2022-23. The midcap index is down 270.29 points or 1.12 per cent in the 2022-23 financial year. In comparison, the BSE Sensex has declined 608.42 points or 1.03 per cent. "Many factors contributed to the underperformance of the Indian stock market in FY23. The

ICICI Prudential Bluechip Fund: Consistent in outperformance and holdings

The fund's month-end assets under management increased to Rs 35,876 crore in April 2023, from Rs 21,765 crore in May 2020

Nissan reports surging profit amid strong sales, easing chip crunch

Japanese automaker Nissan reported Thursday a seven-fold surge in January-March profit and forecast strong sales for this fiscal year riding on the popularity of its new model offerings. Nissan Motor Co.'s net profit for the fiscal fourth quarter totalled 106.9 billion yen (USD 798 million), up dramatically from 14.2 billion yen a year ago. Quarterly sales jumped 36 per cent to 3.097 trillion yen (USD 23 billion), amid an easing of the supply shortage of computer chips and other parts, which had been caused by social restrictions related to the coronavirus pandemic. Chief Executive Makoto Uchida told reporters the automaker was preparing all-solid-state batteries for its electric models, as the world makes a rapid shift toward green zero-emissions technology. He acknowledged serious challenges remained but promised to boost Nissan's profitability, especially in key markets like China. A midterm plan will be outlined later this year to transform Nissan into a truly healthy and ...

Intel launches new Xeon workstation processors for professional creators

Intel launched Xeon W-3400 and Xeon W-2400 workstation processors, which are built for professional creators to provide massive performance for media and entertainment and data science professionals.

Top Headlines: India in green bond mkt, Pichai says job cuts avoided worse

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India bluechips to shift to world's fastest settlement cycle T+1 this week

Starting Jan. 27, stocks from Reliance Industries Ltd. to Tata Consultancy Services Ltd. and Adani Enterprises Ltd will be settled on a 'trade-plus-one-day' timeline versus the earlier two-day process

The integrated circuit wars

US chip sanctions on China should be a wake-up call for India to quickly scale up and boost its capabilities in this critical arena