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Dow Jones recovers nearly all of Friday's crash after Trump softens China stance
Benchmark indices on Wall Street rallied to recover most of Friday's losses after US President Donald Trump softened his stance on China after Friday's tirade on Truth Social. The Dow Jones gained nearly 600 points, meaning two-thirds of Friday's fall, while the S&P 500 and Nasdaq gained 1.5% and 2.2% respectively led by the beaten down technology names.
LG Electronics India shares can rise 83%, Motilal Oswal projects in 'bull case' scenario
Shares of LG Electronics India are set to rise as much as 83% from their issue price, brokerage firm Motilal Oswal projected in its bull case scenario while initiating coverage on the consumer durables player on Tuesday, October 14. LG Electronics India's shares are set to make their stock market debut today and reports from the unlisted market are pointing towards a strong debut.
HCLTech shares could see further upside, analysts reassured after Q2 results
Shares of HCL Technologies Ltd. opened with gains on Tuesday, October 14, following the company's September quarter earnings, performance which was reassuring after a weak first quarter. Analysts tracking the stock have largely maintained their ratings and price targets on the company. HCLTech's revenue growth and margins came in ahead of estimates, driven by better-than-expected performance in its services business.
A $131 billion crypto crash has traders fearing lasting damage
Bitcoin fell 13% after a fresh US-China tariff spat. But the damage was far deeper in smaller tokens, many of which fell as much as 80% before a tentative recovery. Trump’s memecoin, promoted earlier this year by US President Donald Trump, fell 37% on Friday, according to CoinMarketCap.
Apple CEO Tim Cook tours China as iPhone Air sales finally begin
Apple is bringing its superthin iPhone Air to China after a pause that allowed local carriers to prepare for the eSIM-only device. Preorders start October 17 after domestic carriers, including China Mobile Ltd. won approval to support that feature.
Samsung shares hit fresh record after AI chip boom lifts profit
Samsung Electronics Co.’s shares touched a fresh record after it reported its biggest quarterly profit in more than three years, reflecting surging AI-related demand for memory chips. South Korea’s largest company said it earned an operating profit of around 12.1 trillion won ($8.5 billion) in the September quarter, beating analysts’ projection for 9.70 trillion won, according to a preliminary earnings report.
Tata Motors PV business shares fall 5% after special pre-open price discovery session
Shares of Tata Motors Passenger Vehicles Ltd., the newly named listed entity of Tata Motors Ltd. fell over 5% on Tuesday, October 14, after a special pre-open price discovery session valued the listed entity at ₹400 per share. Today is the record date for the demerger of the Commercial Vehicles business of Tata Motors, which was approved by the NCLT earlier.
Gold rates cross ₹1.28 lakh per 10 grams for first time in India
Gold prices in India soared to all-time highs on Tuesday (October 14), with 24-karat gold trading at ₹12.86 lakh per 10 grams, according to Goodreturns. The surge comes as global gold hit a record $4,162 per ounce, buoyed by expectations of US Federal Reserve rate cuts, ongoing geopolitical tensions, and strong investor demand.
Bihar elections: Tej Pratap Yadav returns to Mahua — a seat with unpredictable wins
Rashtriya Janata Dal chief Lalu Prasad's elder son Tej Pratap Yadav will contest the Bihar elections from Mahua. His newly floated party, Janshakti Janta Dal (JJD), announced candidates for 21 seats. Yadav, a former minister in the state government, floated the party after his father expelled him from the RJD for six years in May.
WHO warns of three contaminated India cough syrups, Coldrif among them
The World Health Organization on Monday (October 13) issued a health advisory warning about three contaminated cough syrups identified in India, urging authorities to report any detection of these medicines in their countries to the health agency.
Bihar's Shahabad region seeks official language status to Bhojpuri, Bharat Ratna for Bhikhari Thakur
Demands for the grant of official language status to Bhojpuri, arguably the most widely spoken dialect in Bihar, and Bharat Ratna (posthumously) to legendary folk artiste Bhikhari Thakur appear to dominate the public discourse in Shahabad region of the state ahead of the upcoming assembly elections.