Stocx24 https://www.stocx24.com Stay ahead with Stocx24—your source for stock market insights, global events, and startup news. Our platform delivers in-depth analysis to empower informed decisions in a fast-paced world. Fri, 22 Nov 2024 15:16:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 Adani stocks crash up to 20% after Gautam Adani charged in US in $250 mln bribery case for Indian solar contracts https://www.stocx24.com/2024/11/21/adani-stocks-crash-up-to-20-after-gautam-adani-charged-in-us-in-250-mln-bribery-case-for-indian-solar-contracts/ https://www.stocx24.com/2024/11/21/adani-stocks-crash-up-to-20-after-gautam-adani-charged-in-us-in-250-mln-bribery-case-for-indian-solar-contracts/#respond Thu, 21 Nov 2024 05:20:42 +0000 https://www.stocx24.com/?p=877 Stocks of the Adani group fell on 21 November after US federal prosecutors filed bribery charges on founder Gautam Adani, with Adani Enterprises, Adani Green Energy and Adani Energy Solutions losing as much as 10-20 percent in opening trade.

The stock was traded at a low circuit with Rs 2,539.35, down 10%. The stock has more than doubled since the post-Hindenburg lows, yet still hasn’t reclaimed prior levels. Adani Green Energy stock stood at Rs 1,172.5, down 17%. Adani Energy Solutions fell 20% to the lower circuit at Rs 697.25.

Renewed scrutiny greets the Adani Group as US prosecutors charge founder Gautam Adani of participating in an alleged $250 million (~Rs 2,100 crore) bribery scheme to get solar energy contracts in India. Filed in the Brooklyn, New York court, the indictment charges Gautam Adani, Sagar R Adani, and Vneet S Jaain of orchestrating an elaborate scheme to deceive US investors and violating federal laws.

The allegations also include attempts to obstruct justice by deleting electronic evidence and misleading the Justice Department, Securities and Exchange Commission (SEC), and FBI. In addition to the criminal charges, the SEC has filed a separate civil lawsuit.

These allegations have hit Adani group’s international securities too, with Adani’s dollar-denominated bonds falling sharply. Notes by Adani Green Energy in March declined by a record 15 percent, and those from Adani Electricity Mumbai maturing in February 2030 plunged 8.6 cents on the dollar. That’s the biggest decline since the Hindenburg Research report in 2023, which crashed the value of more than Rs 12 lakh crore worth of stocks and bonds held in the combined value of Adani Group equities.

The fresh controversy comes as the group has been actively slashing its debt to stabilize its financial position. In March 2023, it prepaid Rs 7,374 crore in share-backed financing and agreed to clear all such loans by the end of that month to address concerns over its leverage.

The recent QIP by Adani Energy Solutions raised $1 billion in August 2024 to reduce debt and invest in power infrastructure. 

In October 2024, Adani Enterprises conducted a $500 million share sale to fund new energy projects, establish a PVC plant, and reduce the debt of its airport unit. The group also aims at raising at least $1.5 billion through dollar bond issuances under Adani Green Energy and Adani Energy Solutions by early 2025, majorly for debt refinancing.

]]> https://www.stocx24.com/2024/11/21/adani-stocks-crash-up-to-20-after-gautam-adani-charged-in-us-in-250-mln-bribery-case-for-indian-solar-contracts/feed/ 0 877 New Car vs. Used Car Loans:  https://www.stocx24.com/2024/11/21/new-car-vs-used-car-loans/ https://www.stocx24.com/2024/11/21/new-car-vs-used-car-loans/#respond Thu, 21 Nov 2024 02:21:59 +0000 https://www.stocx24.com/?p=872 Buying a car is somewhat like picking a dessert at your favourite bakery-it’s fun but requires you to consider your appetite (budget) and cravings (features). Whether you opt for a shiny new car or a trusted pre-loved one, here’s a friendly guide that will help you decide.

Interest Rates: The Key Ingredient

New Car Loans: Lower rates, usually between 7–10%, as high resale value makes lenders feel safer.

Used Car Loans: Higher interest rates, 10–15%, as older cars are more risky for lending institutions.

Why Buy a New Car?

Lower Interest & Longer Tenure: Lower EMIs enable you to service it with relatively greater ease.

Blissful Warranties: Manufacturers don’t let you wriggle out of the maintenance burden during the initial years.

Shiny Tech & Safety: It’s almost like buying the latest new smartphone but several thousand times cooler.

Best Suitable for: Those who are working steadily, having an excellent credit score, and love new everything.

Why Buy a Used Car?

Saves Money: Low down payment and lesser loan amount translates into less EMIs.

Depreciation Less Hurtful: Used cars don’t depreciate as fast as new cars.

Insurance Less Expensive: Another blessing in your pocket

Best Suitable for: Budget-conscious buyers or people looking for a short term usage car

Problems

New Cars: Higher down payment, depreciation hurts much sooner, and longer financial liability.

Used Cars: Higher interest rates, shorter loan tenures, and potential maintenance surprises.

Quick Example: 10 years Vs 5 years (₹10lakhs)

Which is Right for You?

New Car: Love reliability, warranty, and keeping up with tech? Go for it!

Used Car: On a tight budget or looking for a short-term ride? Used is your best bet.

Tips to Sweeten the Deal

Compare loans like you’re picking the best pastry. Check the total cost of ownership: think insurance, fuel, and maintenance.

All used cars need thorough inspection; nobody relishes stale cake!

Buying a car is an exciting ride—just ensure that the financial journey suits your lifestyle and budget. Happy driving!

]]> https://www.stocx24.com/2024/11/21/new-car-vs-used-car-loans/feed/ 0 872 Camdom: The “Digital Condom” Redefining Privacy in the Digital Age https://www.stocx24.com/2024/11/20/camdom-the-digital-condom-redefining-privacy-in-the-digital-age/ https://www.stocx24.com/2024/11/20/camdom-the-digital-condom-redefining-privacy-in-the-digital-age/#respond Wed, 20 Nov 2024 17:56:11 +0000 https://www.stocx24.com/?p=869 In a world where smartphones accompany our every step, it has become an essential part of modern society to ensure privacy during intimate moments. Thus, with an ingenious idea by German sexual health brand Billy Boy, comes Camdom, the first world “digital condom.” This isn’t for the blocking of unsafe sexual activities but rather locking out prying cameras and microphones for this private moment.

How it works: high-tech privacy for modern relationships

Camdom is as simple as it is innovative. Using Bluetooth technology, it disables cameras and microphones on nearby smartphones with a swipe of a virtual button. Imagine placing your phone nearby and activating Camdom before an intimate moment—poof! Cameras and microphones are rendered useless, ensuring no unauthorized recordings. But the app doesn’t stop there. It detects sneaky attempts to bypass the block, setting off alarms that alert everyone in the room to potential breaches.

A Serious Answer to Revenge Porn

Revenge porn is something that worries more people in this day and age of ubiquitous technology. Camdom tackles the issue head-on by putting together a digital answer to unwanted recordings through non-consent. One of the app developers, Felipe Almeida, asserts that smartphones are “an extension of our body,” and no time has been less appropriate than this to protect sensitive content. How Camdom safeguards all parties involved against multi-device blockers.

Reactions: From LOL to OMG

Social media is buzzing with reactions, ranging from laughter to serious applause. Some are stunned by the sheer creativity of Camdom; others find this amusing. Comments like, “What even is a digital condom?!” show how much this particular innovation piques people’s curiosity and amazes them.

A Tech Solution with a Social Mission:

Developed in partnership with Innocean Berlin, Camdom isn’t just a novel app; it is a means to encourage safer and more consensual conversations in this digital age. According to Gabriel, Chief Creative Officer of Innocean, “This app actually is about solving societal ills rather than simply fulfilling client work.”

Bigger Picture

From 30 nations to date and soon to iOS, Camdom reminds us that technology can solve at least a part of today’s most urgent social problems. Either intrigued or tickled, one thing is clear: the “digital condom” is here to redefine intimacy in the digital age: secure, consensual, and confident.

]]> https://www.stocx24.com/2024/11/20/camdom-the-digital-condom-redefining-privacy-in-the-digital-age/feed/ 0 869 India’s Renewable Revolution: Green Energy for a Sustainable Future https://www.stocx24.com/2024/11/20/indias-renewable-revolution-green-energy-for-a-sustainable-future/ https://www.stocx24.com/2024/11/20/indias-renewable-revolution-green-energy-for-a-sustainable-future/#respond Wed, 20 Nov 2024 16:11:46 +0000 https://www.stocx24.com/?p=863 India seeks to reduce its carbon intensity by 45% by 2030, achieve 50% renewable power capacity, and reach net-zero emissions by 2070. The low-carbon technology market is expected to be worth $80 billion by 2030.

India aims to produce 5 million tonnes annually from electrolyzer-capacity of 8 GW by 2025 and 2030 with the potential development of its green hydrogen market to $8 billion, which will require at least 50 GW of electrolyzers.

Rising energy demand from population growth and rural electrification is accelerating clean energy adoption. By 2040, 49% of electricity will be from renewables, reducing solar energy costs by 66% and saving Rs. 54,000 crore ($8.43 billion) annually. Wind-solar hybrid projects aim to add 15,000 MW between 2020-25.

Renewable energy is seen to rise as a share of power generation from 18% in 2029-30 to 44%, while thermal power will fall from 78% to 52%. The country’s energy demand will reach 817 GW by 2030, according to the projections.

With investments in EVs, green hydrogen, and solar manufacturing, India’s renewable energy transformation is on track toward sustainability and economic growth.

Government Initiatives for Driving Renewable Energy in India

Focus Points

  1. Scheme PM-KUSUM
  • Launched in 2019, with massive scale-up in 2024.
  • Subsidy support to farmers on setting up solar pumps and grid-connected solar installations.
  1. Super Investments in Renewable Energy:
  • Rajasthan agreed to invest in 28,500 MW worth of renewable projects worth $19.18 billion.
  1. Green Hydrogen Mission
  • $2.1 billion by 2030 for supporting hydrogen energy.
  • Electrolyzer manufacturing focus with emphasis on gigawatt-scale capacity.
  1. Expansion in Solar Energy
  • Solar parks now aim at a capacity of 40,000 MW spread across 12 states.
  • PM Surya Ghar Muft Bijli Yojana Launched in 2024 for free rooftop solar power for households.
  1. Infrastructure Boost:
  • $1 billion inter-state grid systems for Ladakh’s renewable energy.
  1. Hydropower and Green Bonds
  • Inaugurated 600 MW Kameng Hydro Power Station.
  • Framed sovereign green bonds’ framework for green investments.
  1. COP26 Commitments:
  • 500 GW renewable energy committed to by 2030 and net-zero emissions by 2070.

Top POWER STOCKS IN INDIA

  1. NTPC – (Market cap ₹3,84,279)
  2. Power Grid Corporation – (Market cap ₹2,93,992)
  3. Adani Green – (Market cap ₹2,60,066)
  4. Tata Power – (Market cap ₹1,34,396)
  5. Adani Power – (Market cap ₹2,28,369)
]]> https://www.stocx24.com/2024/11/20/indias-renewable-revolution-green-energy-for-a-sustainable-future/feed/ 0 863 Making India: The Global Powerhouse https://www.stocx24.com/2022/09/08/the-best-street-style-from-paris-fashion-week-spring/ https://www.stocx24.com/2022/09/08/the-best-street-style-from-paris-fashion-week-spring/#respond Thu, 08 Sep 2022 06:07:45 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=64 The Indian manufacturing is now in the limelight, but it’s no longer about nuts and bolts! This erstwhile steady 16–17% contributor to India’s GDP before the pandemic has morphed into a vibrant, agile growth engine spearheaded by innovation, automation and digital transformation. Lets also split the thrill of read of how India is going to create its space into a manufacturing leader in the world.

Indian Manufacturing: From Kachra to Kanchana

In the simplest terms, manufacturing is no longer a cog in the wheel — it is the wheel. This sector, employing over 27 million people and encompassing industries such as automotive and textiles, is one of the engines driving India to growth. With the help of government programs like Aatmanirbhar Bharat and Make in India, manufacturing is expected to contribute 25% of India’s GDP by 2025.

Interesting Fact: India’s manufacturing exports reached a record $447.46 billion in FY23, marking a significant advance towards the $1 trillion export target by 2030!

Tech Revolution: High-Tech Manufacturing

Assembly lines, get ready for Industry 4.0! Robotics, IoT, and AI integration are allowing Indian industries to connect physical and cyber systems for more intelligent production—something they have never done before. This era of automation is about accuracy, personalization, and scalability, not just speed.

For example:

India’s smartphone exports reached $15.6 billion in FY24, a 42% increase, mainly to the Production-Linked Incentive (PLI) programs. The largest purchaser was the United States!

Manufacturing Superstars: States at the Front

Although the country’s manufacturing scene is nationwide, some states are taking center stage:

Gujarat: A center for pharmaceuticals and chemicals.

Maharashtra is a leader in vehicles and electronics.

Tamil Nadu: Renowned for its consumer goods and textiles.

By drawing FDI and increasing exports, Mumbai, Chennai, and Pune are becoming as the manufacturing equivalent of Silicon Valleys.

Did You Know?

Over the past ten years, India has received a staggering $165.1 billion in foreign direct investment (FDI) for manufacturing, a 69% increase!

Big Numbers, Big Dreams

Here’s where the growth curve is headed: $1 Trillion: Sizing of India’s manufacturing sector in FY26. 8.4% GDP Growth: Wherewith Q4 FY24, it more than, manufactured much of this.       59.1 PMI: At 16-year highs was the March 2024 Purchasing Managers’ Index-keep on keeping on!

The magic sauce: What’s giving it that oomph?

Favorable Policies: Initiatives like PLI promote investment and form global champions in industries such as semiconductors and vaccines.

Ready-to-Hire Workforce: Competitive labor prices and know-how make India an attractive manufacturing destination worldwide.

Global Trends: Its prospective middle-class consumer to command 17% of global consumption in 2030, suggests that domestic demand is enough to support Indian factories for generations to come.

Challenges? Sure. But opportunity knocks.

While inflation and weak global demand remain hurdles, the resilience of India’s manufacturing shines. Capacity utilization in the sector increased to 76.8% in Q3 FY24, reflecting growing investment confidence.

Fun Stat:

India’s defense exports soared 78% in Q1 FY25, proving we’re not just manufacturing for ourselves but for the world!

Why It Matters: The Global Game Changer

India is more than just a number game and a way of adding exports to the book-it’s transformation. It’s either about smartphones, electric vehicles, or huge pieces of industrial machinery; the sector is carving its niche in global supply chains. And with innovation hubs, tech-driven manufacturing, and a supportive government, the dream of adding $500 billion annually to the global economy is finally nearing reality.

………………………………………………………………………………………………………………………………………………………………………..

So, the next time you pick up a product, it is likely to have a tag of “Made in India” and much more likely to be the product of world-class manufacturing marvel. Welcome to the era of Indian ingenuity!

Top Manufacturing Indian Stocks:

Maruti Suzuki (12% Down in last 6 months)

Tata Steel (10% Down in a month)

Tata Motors (18% Down in last 6 months)

]]> https://www.stocx24.com/2022/09/08/the-best-street-style-from-paris-fashion-week-spring/feed/ 0 64 Tech Weapons We Need To Combat Global Warming https://www.stocx24.com/2022/09/08/tech-weapons-we-need-to-combat-global-warming/ https://www.stocx24.com/2022/09/08/tech-weapons-we-need-to-combat-global-warming/#respond Thu, 08 Sep 2022 05:58:33 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=61 Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

]]> https://www.stocx24.com/2022/09/08/tech-weapons-we-need-to-combat-global-warming/feed/ 0 61 New Milan Hot Spots for the Fashion Crowd – WWD https://www.stocx24.com/2022/09/08/16-top-of-our-favorite-outdoor-clothing-brands/ https://www.stocx24.com/2022/09/08/16-top-of-our-favorite-outdoor-clothing-brands/#respond Thu, 08 Sep 2022 05:48:08 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=58 WordPress. 

One of the standout aspects of WordPress websites is themes. and you can get great WordPress blog themes for free.

Don’t get too concerned about the word ‘free’. 

These popular free WordPress themes for blogs are no substandard products. Their design is pixel-perfect, they are full of top features and some of them provide free support in case you run with any issues related to your blog.

n

A magazine website has a distinguished style, layout, and a lot of content, so it needs a bespoke theme to bring out the best results.

But when you’ve just started your way around with an online magazine site in WordPress, you might want to save money as much as possible.

No problem, you can get top magazine WordPress themes for free.

Our collection of Best Free Magazine WordPress Themes is the only resource you need to find the perfect theme for your online magazine site.

Read below to find out the themes we’ve listed and pick the perfect choice for you.

In today’s digital age, a captivating website is key to success for news organizations and journalists. If you’re in the business of delivering news and updates to your audience, having a well-designed website is essential. 

With WordPress being one of the most popular content management systems out there, it’s no surprise that there are plenty of themes available specifically tailored for news websites. 

But with so many options to choose from, finding the best news WordPress themes can be a daunting task. 

You can visibly see how internet technology is affecting our daily lives. Nowadays, people have developed the habit of accessing the internet quickly for finding out recent news, trends, and updates.

Hence, the best way to relay news to maximum number of people is by creating a news portal. The easiest, quickest, and best way to create a news portal is WordPress. But why WordPress? Because it is an excellent platform for designing your site. You don’t need any coding experience to build your website. Most importantly,  it is reliable. The New York, Vogue, CNN Pressroom, and for their official websites.

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]]> https://www.stocx24.com/2022/09/08/16-top-of-our-favorite-outdoor-clothing-brands/feed/ 0 58 Angelina Jolie’s Cape Is Quite the Fashion Flashback https://www.stocx24.com/2022/09/08/how-to-wear-brown-in-15-easy-and-stylish-ways/ https://www.stocx24.com/2022/09/08/how-to-wear-brown-in-15-easy-and-stylish-ways/#respond Thu, 08 Sep 2022 05:30:25 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=55 Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

]]> https://www.stocx24.com/2022/09/08/how-to-wear-brown-in-15-easy-and-stylish-ways/feed/ 0 55 Apple Unveils Smartwatch With a Focus on Fitness https://www.stocx24.com/2022/09/08/apple-unveils-smartwatch-with-a-focus-on-fitness/ https://www.stocx24.com/2022/09/08/apple-unveils-smartwatch-with-a-focus-on-fitness/#respond Thu, 08 Sep 2022 05:27:31 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=49 Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

]]> https://www.stocx24.com/2022/09/08/apple-unveils-smartwatch-with-a-focus-on-fitness/feed/ 0 49 Protoss of Protean eGov Technologies stock breaks 9% as NSE to sell 20% stake via OFS route https://www.stocx24.com/2022/09/07/gautam-adani-to-start-exporting-electricity-to-energy-starved-bangladesh/ https://www.stocx24.com/2022/09/07/gautam-adani-to-start-exporting-electricity-to-energy-starved-bangladesh/#respond Wed, 07 Sep 2022 12:26:20 +0000 https://demo.blazethemes.com/local-news-pro-six/?p=43

NSE Investments will sell up to 20.32% stake in the company through an offer for sale (OFS) at floor price of Rs 1,550 per share.

Shares of IT-enabled solution company Protean eGov Technologies fell sharply during the morning session on November 22 after the National Stock Exchange announced that it would offload a stake in the company. At one point, its shares fell as much as nine percent.

NSE Investments would sell up to 20.32 per cent stake in the company through an offer for sale (OFS) at the floor price of Rs 1,550 per share. The OFS comprises a base issue of 10.16 per cent equity and has a green shoe option of 10.16 per cent equity.

NSE Investments Limited is a wholly owned subsidiary of NSE, which was incorporated for the purpose of making/holding strategic investments in the equity shares and/or other securities of other companies.

OFS opening date for non-retail investors on November 22 and for retail investors on November 25.

At 9:25 am, shares of Protean eGov Technologies were quoting at Rs1,712.9 on the NSE. The scrip was down by 7.4 percent from the previous session’s closing price.

This is the second-consecutive quarter of decline in net profit for the company, which slipped by 15 percent in the September quarter to Rs 28 crore from Rs 33 crore in the year-ago period. 

On a sequential basis, the net profit rose 33 percent. The sales of the company declined 7 percent to Rs 220 crore in Q2FY25 from Rs 236 crore in Q2FY24.

Sharekhan by BNP Paribas remains positive on the IT player, which it has put at a target price of Rs 2,510 a share. The dominance of Protean in the key legacy service lines are supported by benign trends such as workforce formalisation, financial inclusion and significant under-penetration in pension services, said the brokerage.

“It is positioned well for strong growth due to its strategy of diversification into new verticals and now leveraging its digital transformation expertise for developing the global infrastructure in developing countries,” it added.

Protean eGov Technologies shares have seen a 12-month run of 50 percent, outperforming the front-runner Nifty 50 index, which has gained about 18 percent in the same time period.

]]> https://www.stocx24.com/2022/09/07/gautam-adani-to-start-exporting-electricity-to-energy-starved-bangladesh/feed/ 0 43