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Moneyweb
2w
1.1k
Testing ChatGPT to pick shares
- Debates about AI impacting jobs, industries, including financial services, are ongoing.
- AI shows potential to improve financial services efficiency but lacks human experience.
- AI's limitations include being reactive, not proactive, and risk of industry manipulation.
- ChatGPT advice on JSE stock portfolio showcased benefits but also included critical errors.
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Moneyweb
2w
328
SA tax season: The system is designed to tackle inequality
- South Africa’s tax season kicks off, scrutinizing income tax for equity redistribution.
- Progressive tax system imposes higher rates on larger incomes, aiding income redistribution.
- Study finds tax deductions hinder system’s ability to narrow income gaps.
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Moneyweb
2w
259
Explainer: What City of Cape Town means by ‘affordable housing’
- The City of Cape Town plans 12,000 affordable housing units in various models.
- Affordable housing is defined for households earning less than R32,000 a month.
- City sells land for developers to build social, gap, and open-market affordable homes.
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Moneyweb
2w
165
Urgent court action aims to halt employment equity quotas
- Sakeliga and Neasa challenge race, gender targets under Employment Equity Amendment Act.
- The act sets quotas for 18 sectors; requires restructuring to reflect national demographics.
- Challenges include legality, constitutionality, and procedural flaws in setting the quotas.
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Guardian
2w
280
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Is it time for a wealth tax on the super-rich? – podcast
- After uproar over cuts in Labour's proposed welfare reform bill, supporters suggest taxing the wealthiest instead of cutting benefits or public spending.
- Millionaire Dale Vince and Patriotic Millionaires advocate for taxing the wealthy more to reduce inequality in the country.
- Tax expert Arun Advani explains how a wealth tax could work and potential drawbacks such as millionaires fleeing the UK.
- Debate surrounds whether taxing the super-rich through a wealth tax is a viable solution to reduce inequality and if it could drive wealthy individuals out of the country.
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HinduBusinessLine
2w
212
Image Credit: HinduBusinessLine
Focus on 15 stocks in today’s trade: Asian Paints, Akzo Nobel, GAIL, OIL India, Crisil, ICRA, CARE Ratings, HCL Tech among key movers
- GAIL (India) signed a Gas Sale and Purchase Agreement with OIL India to extend the existing agreement for 15 years, supplying natural gas from Rajasthan.
- SEBI proposed allowing credit rating agencies to rate financial instruments under various regulators beyond SEBI's jurisdiction, focusing on CRISIL, ICRA, and CARE Ratings.
- HM Electro Mech secured a ₹19.63 crore order for operation and maintenance work, whereas Share India Securities Ltd invested ₹30 crore in Metropolitan Stock Exchange of India.
- Various partnerships and agreements were formed, including HCL Technologies partnering with Astemo Cypremos, Lupin Ltd with Zentiva, and Tasty Bite Eatables planning to launch a new product range under CHEFFIN brand.
- Yash Highvoltage, Girnar Spintex Industries, NIIT Learning Systems, ACC, RailTel Corporation, Emcure Pharmaceuticals, Bharti Airtel, and Enviro Infra Engineers made significant announcements.
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Bloomberg Quint
2w
246
Image Credit: Bloomberg Quint
Last Day To Buy 22 Dividend Stocks Before Record Date — Apollo Tyres, UPL, IDFC First Bank And More
- Investors have until July 10 to buy shares of 22 dividend stocks, including Apollo Tyres, UPL, and IDFC First Bank, to qualify for the upcoming payouts before the record date on July 11.
- In India's T+1 settlement cycle, shares bought on the record date itself do not qualify for dividend payments.
- Companies like Apollo Tyres, IDFC First Bank, UPL, and others will have their ex/record date on July 11, with varying dividend amounts per share. Shareholders must own the shares before the record date to receive dividends.
- Dividends are a way for companies to reward their shareholders for holding their stock.
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HinduBusinessLine
2w
315
Image Credit: HinduBusinessLine
Nvidia hits $4 trillion, bitcoin soars to $112K as markets eye Trump tariffs
- U.S. President Donald Trump issued final tariff notices to seven minor trading partners.
- Bitcoin rose to an all-time high near $112,000 late on Wednesday, driven by increased risk appetite and institutional demand.
- Nvidia's market cap exceeded $4 trillion, making it the first public company to reach this milestone, supporting general market optimism.
- Investors closely monitoring Trump's tariff actions, with concerns over potential inflationary pressure and economic impact from import taxes.
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Bloomberg Quint
2w
100
Image Credit: Bloomberg Quint
OpenAI To Launch Web Browser To Compete With Google Chrome: Report
- OpenAI is set to release an AI-powered web browser to rival Google Chrome.
- The browser aims to target the 500 million weekly active users of ChatGPT.
- This move could impact Google's ad revenue due to user data collection and search traffic.
- The browser is expected to integrate AI agent products for enhanced user experience.
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Bloomberg Quint
2w
267
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Image Credit: Bloomberg Quint
Stock Market Live: GIFT Nifty Implies Tepid Open; Hind Copper, JSW Energy, Railtel Corp Shares In Focus
- The GIFT Nifty indicated a tepid open for the Nifty 50 index, with analysts suggesting resistance at 25,600 and support at 25,400.
- US markets experienced a drop after President Donald Trump announced a 50% tariff on copper imports, affecting futures of Dow Jones and S&P 500.
- Asian markets saw a mixed trend amid trade uncertainty, with most markets trading higher while the Nikkei 225 declined.
- Investors are focusing on metal stocks following the tariff announcement, with companies like Hind Copper, JSW Energy, and Railtel Corp shares in focus.
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HinduBusinessLine
2w
315
Image Credit: HinduBusinessLine
OpenAI building browser to challenge Chrome’s ad power
- OpenAI is developing a browser that aims to keep user interactions within a ChatGPT-like chat interface rather than traditional website browsing.
- The browser is part of OpenAI's strategy to integrate its services into users' personal and work lives, expanding beyond its AI chatbot ChatGPT.
- The browser, built on Chromium, would allow OpenAI to directly integrate AI products like Operator to automate user tasks within websites.
- OpenAI's browser faces tough competition from market leaders like Google Chrome, which holds over two-thirds of the worldwide browser market.
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Bloomberg Quint
2w
4.1k
Image Credit: Bloomberg Quint
Stocks To Watch Today: TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements
- Stocks to watch on Thursday include TCS, Tata Elxsi, Amber Enterprises, JSW Energy, Oil India, Ambuja Cements, Asian Paints, and UPL.
- Notable corporate announcements include fundraising plans by Amber Enterprises India, commissioning of a grinding unit project by Ambuja Cements, and inclusion of JSW Energy in FTSA Russell's FTSE4Good Index.
- Other announcements include Asian Paints selling stake in Akzo Nobel India, UPL acquiring Wuhan Advanta Seeds, and HCLTech partnering with Astemo Cypremos for innovation in the autonomous vehicle ecosystem.
- Oil India signing a natural gas supply agreement with GAIL (India) and Emcure Pharmaceuticals receiving zero observations from a USFDA inspection are also notable updates.
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Bloomberg Quint
2w
77
Image Credit: Bloomberg Quint
HDFC Bank, SBI, ICICI Bank & More — Systematix Top Stocks To Buy In Banking Sector; Q1 Results Preview
- Systematix Institutional Equities highlights top stocks to buy in the banking sector with a positive long-term growth outlook despite near-term challenges.
- Q1 FY26 is expected to be muted for banks due to various adverse factors impacting the sector.
- Reserve Bank of India data shows slow growth in banking system advances and a sharp slowdown in industrial segment advances.
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Bloomberg Quint
2w
43
Image Credit: Bloomberg Quint
Why Are FIIs Preferring Other Markets? S Naren Says Indian Equities Are An 'Expensive Asset Class'
- FIIs are finding Indian equities to be expensive and are preferring other global markets with lower valuations.
- S. Naren, the CIO of ICICI Prudential Asset Management Co., highlights the challenge in Indian equity markets for foreign investors.
- Naren advises investors to moderate their return expectations as equities are currently considered an expensive asset class.
- He suggests seeking value in sectors like oil and gas and encourages investing in stocks that have been undervalued due to investor frustration.
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Bloomberg Quint
2w
159
Image Credit: Bloomberg Quint
How To Check Your EPF Balance And Interest Credited In FY25
- EPFO has started crediting the interest amount for FY25 to the members’ accounts, with an interest rate of 8.25% proposed by the Central Board of Trustees (CBT).
- Both employees and employers contribute to the EPF account each month, with interest accrued monthly and reflected in passbooks between June and August.
- To check if EPF interest has been credited, subscribers can log in to the EPFO portal, access their passbook, and review contributions and interest credited.
- If EPF interest is not visible, subscribers can wait for a few days for it to reflect or lodge a grievance on the EPFO’s online complaint portal for assistance.
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