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The US Department of Justice opened an investigation on Super Micro Computer, Inc. According to reports, SMCI is one of the biggest makers of high-performance servers and artificial intelligence racks. Following the Hindenburg report where serious accusations were thrown, the mainstream attention started gaining traction from investors as well as from the federal authorities. Early Stage DOJ Probe According to the Wall Street Journal, a prosecutor from the US attorney's office in San Francisco now formally investigates by contacting people who are knowledgeable about the allegations made by Hindenburg in its August 2024 report. Though the investigation is at an incipient stage, this reflects the serious consideration given to these claims by the DOJ. Ai Image Allegations Against Super Micro Computer Among the most salient charges made are: Channel Stuffing : SMCI's sales group conspired with one another to inflate forecasts of demand in order that its excess products were shipp...

Dow Jones futures were slightly higher late Sunday; so were S&P 500 futures and Nasdaq futures. Apple (AAPL), Oracle (ORCL), Palantir Technologies (PLTR), Dell Technologies (DELL) and Tesla (TSLA) will dominate the headlines on Monday. Trading arbitrage. The S&P 500 and Dow Jones suffered their worst weekly losses since March 2023, while the Nasdaq, led by Nvidia (NVDA), suffered its biggest loss since January 2022. Tesla shares bucked the trend on Thursday, giving it all back and then some on Friday. Investors should reduce their risk and do more planning, while also focusing on products that are showing relative strength and significant hold. Dow Jones Futures Today Dow Jones futures were up 0.15% from fair value. S&P 500 futures were up 0.2% and Nasdaq 100 futures were up 0.3%. The yield on the 10-year Treasury note rose to 3.74%. Crude oil futures rose more than 1%. Production costs fell 1.8%, more than expected. Remember that overnight movements in Dow Jones Industrial...

Investment Amount: Investment Duration (in years): Annual Interest Rate: Calculate SIP Calculator – Systematic Investment Plan Calculator Potential investors may think that SIPs and mutual funds are the same. However, SIPs are only a method of investing in mutual funds, the other method is a lump sum. The SIP calculator is a tool that helps you determine the returns you can avail of by parking your funds in such investment vehicles. A Systematic Investment Plan or SIP is the process of investing a fixed amount of money in mutual funds at regular intervals. SIPs usually allow you to invest weekly, quarterly or monthly. What is a SIP Calculator? SIP calculator is a simple tool that allows people to understand the return on investment in Mutual Funds made through SIP. SIP investments in mutual funds have recently become one of the most popular investment options for millennials. These mutual fund SIP calculators are designed to provide p...

Shares of Zomato rose 14.11 percent to hit a one-year high of Rs 98.39. This comes after food delivery platform Zomato reported a profit after tax (PAT) of Rs 2 billion for the quarter. Shares of Zomato surged over 14 percent in Friday trading to hit a 52-week high after strong June quarter results. Analysts' stock price targets indicate further upside. Jefferies has a price target of Rs 130 on the stock, while JM Financial pegs it at Rs 115 and Motilal Oswal Securities and Nuvama Institutional Equities peg the stock at Rs 110. This comes after Zomato said its food delivery platform posted a profit after tax (PAT) of Rs 20 crore for the corresponding quarter, compared with a net loss of Rs 186 crore for the quarter ended June last year. GM Financial says Zomato's stock is up 35 percent since the March quarter, but the market is largely buoyed by its food delivery business, while Blinkit is waiting for a big value release. The stock rose 14.11 percent to a one-year high of Rs 98...

Shares of Vedanta fell nearly 9 percent in heavy trading on Thursday, with about 16.5 billion shares in the company valued at 427 billion rupees being moved. Vedanta shares fell as much as 8.96 percent to ₹247.80 per share on the BSE. The stock is just above its 52-week low of Rs 245.85 set on August 4, 2022. Vedanta co-founder Twin Star Holdings has acquired a 4.3 percent stake in an Indian mining company (up to 16 billion total shares) as part of billionaire Anil Agarwal's debt relief and restructuring plan. It is said to sell for 4.136 billion rupees. Vedanta is divided into groups with purely green energy and non-ferrous operations. LiveMint had earlier reported that Twin Star Holdings plans to sell 160 million shares of Vedanta to institutional investors at a minimum price of Rs 258.50 per share. The bet is a 5% discount from Wednesday's closing price of Rs 272.15 on the NSE. Trading Limited through JP Morgan India Limited. Twin Star Holdings, the lead promoter, owns 1.72 ...