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Monday,16-September-2024
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Opening Bell: Markets Trade Flat Amid Negative Global Cues; Sensex At 65,414.52, Nifty At 19,384.05

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The markets on Thursday morning were trading flat with Sensex at 65,414.52, down by 31.52 points and Nifty was at 19,384.05 with a loss of 14.45 points. Power Grid, Mahindra and Mahindra, UltraTech Cements, Asian Paints and Nestle were the top gainers in the morning session, whereas IndusInd Bank, Tata Steel, Hindustan Unilever, Titan and Maruti were among the losers.

Service sector PMI

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to a three-month low in June from 61.2 in May to 58.5. Despite falling from May, the latest figure was consistent with a sharp pace of growth. For the 23rd straight month, the headline figure was above the neutral 50 threshold.

Markets on Tuesday

The BSE Sensex was down 33.01 points to end the day at 65,446.04. The NSE Nifty50 was up 26.85 points to end the day at 19,415.85. Nifty midcap hit a record high on Wednesday after Nifty banks hit a new record high on Tuesday.

Global markets

US markets on Wednesday ended lower after the release of the US Federal Reserve’s latest meeting. The Dow Jones Industrial Average lost 129.83 points to 34,288.64, the S&P 500 dropped 8.77 points to 4,446.82 and Nasdaq Composite fell 25.12 points to 13,791.65.

The Asian stock markets on Thursday were trading lower with Hong Kong’s Hang Seng losing 169.76 points at 18,940.62, Japan’s Nikkei 225 fell by 345.86 points at 32,992.84, South Korea’s Kospi was down by 5.12 points at 2,573.88 and GIFT Nifty exchange slipped 36 points to 19,476.

Oil prices

Oil prices on Thursday were comparatively stable, sluggish demand recovery in China offset tighter supply forecasts with output cuts from Saudi Arabia and Russia. Brent crude futures went down 2 cents at $76.63 per barrel and US West Texas Intermediate crude was at $71.90 per barrel with a gain of 11 after it closed 2.9 per cent higher on Wednesday.

Rupee

Indian rupee opened lower on Thursday at 82.36 per dollar against Wednesday’s close of 82.22.

Business

‘Take A Trip To Vietnam For Your iPhone 16’: X User Proposes Cost-Effective Way To Buy The Latest Apple Smartphone

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Apple recently launched its latest iPhone series, the iPhone 16 series. In addition, the company also launched the latest Apple Watch along with the latest version of Apple AirPods.

Trip To Vietnam For Apple

Apple products from time immemorial have been known for their exorbitant and sky-high pricing. Many have often made memes about having to sell their organs to be able to afford one of their iPhones.

Now, with the latest launch, and X user has found a way to cut corners by taking a trip.

According to the user, an aspiring iPhone buyer in India should take a trip to the East Asian nation of Vietnam to be able to get the new iPhone 16 at a cheaper rate.

However, the user also notes that these savings can only be made, if the buyer is intending to buy the advanced iPhone 16 Pro iPhone 16 Pro Max.

Savings Only iPhone 16 Pro

The user said, “Plan your #iPhone16 purchase with a trip to #Vietnam and spend the same amount you would be spending buying it here in India.”

In addition, the user also added, “But the savings work only if you are planning to buy the #iPhone16Pro or the #iPhone16ProMax”.

In addition, the user also surmised an instance of users travelling to the UAE an purchasing these phones.

According to the user, the Visa fees & fight rates don’t make Dubai that lucrative unless flying somewhere via UAE or planning for the #iPhone16ProMax only”.

As per the statistics produced by the user, the most expensive iPhone 16 Pro Max will cost an Indian buyer Rs 1,44,900 a piece. In Vietnam, however, it would cost a buyer Rs 1,18,992.

This marks a difference of Rs 25,908. Meanwhile, in the UAE, particularly in Dubai, the same phone would cost the buyer Rs 1,16,550, marking a difference of Rs 28,350.

The iPhone series will be available in India from September 20, with the pre-order for the phone starting on September 13.

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Business

Mumbai: MahaRERA To Launch New ‘MahaCRITI’ Website On September 1, Existing Portal Offline For Migration On August 30-31

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Mumbai: MahaRERA To Launch New 'MahaCRITI' Website On September 1, Existing Portal Offline For Migration On August 30-31

The Maharashtra Real Estate Regulatory Authority’s (MahaRERA’s) new website ‘MahaCRITI’ will be launched on September 1 at 00.00 hours. To enable the migration to the new portal, the existing MahaRERA’s website will go offline on August 30 and 31.

During this transition period, the back-end team will perform various technical tasks to provide better user experience.

MahaRERA will also conduct classroom and virtual training for all real estate stakeholders to facilitate familiarity, easy navigation and user friendliness of MahaCRITI.

The training, that commenced on Thursday, will continue on August 30 and September 1 at MahaRERA’s head office situated in Bandra-Kurla Complex. The housing regulator has announced training schedule on the website. Videos on the training demo shall also be made available on MahaRERA’s portal.

The stakeholders are encouraged to participate in these sessions for a hands-on experience with the new system.

The training’s second phase will be available for two weeks after the website goes live on September 1. The training module will also guide the complainants as well as lawyers on complaint registration and its further process.

Developers, promoters and their self-regulatory bodies will be guided on how to use the website effectively for routine tasks such as registration of new housing projects, corrections, extensions as per requirement, quarterly progress reports, annual progress reports and project completion Form 4.

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Business

2025 Yamaha YZF-R15 Launches Globally with Exciting New Features and Color Choices

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Yamaha has launched an updated version of its YZF-R15 in Indonesia, enhancing its entry-level sports bike with new features and a fresh look. The updated model now offers smartphone connectivity, similar to the version available in India. It also introduces a striking-black color option, along with grey/silver/, grey/black, and blue. Despite these upgrades in features and appearance, the bike maintains its original mechanical design, ensuring reliability while appealing to new and existing riders.

The 2025 Yamaha YZF-R15 for the Indonesian market maintains its familiar 155cc single-cylinder engine with VVT, producing 18.1 bhp and 14.2 Nm of torque, and is paired with six-speed transmission. It features a monoshock rear suspension and inverted telescopic front forks, along with dual-channel ABS and disc brakes on both wheels. While it lacks the traction control found on the Indian model, it retains its Deltabox frame, an 11-liter fuel tank, and a total weight of 141 kg, all supported by 17-inch alloy wheels.

The 2025 Yamaha YZF-R15 comes equipped with a range of advanced features, including dual-channel ABS, traction control, a slipper clutch, and a quick shifter. It also features a fully digital instrument cluster that provides not only essential ride information but also ride tracking, onboard diagnostics, and periodic maintenance reminders, enhancing the overall riding experience.

India Yamaha Motor has marked a notable milestone in its manufacturing history with the success of the Yamaha Ray ZR 125 Fi-Hybrid in Europe. This scooter, produced in India, has gained considerable traction across several European nations. From January to July this year, approximately 13,400 units of the Ray ZR 125 Fi Hybrid were sold across 27 European countries.

Consumers have responded positively to the Yamaha Ray ZR 125 Fi Hybrid, appreciating its well-rounded design and features. The scooter has received a positive response across major European markets such as the UK, Spain, France, Italy, Germany, Turkey, Switzerland, Greece, and Portugal.

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