'We're way ahead of China...': Trump rallies big tech and energy executives for AI race - The Economic Times Video
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 minutes ago
- Mint
These penny stocks are at least 30% below their 52-week highs. Are they worth watching?
The stock market didn't have a great start to 2025. Foreign investors pulled out, earnings came in weak, and valuations stayed stubbornly high. Then came a wave of tariff news from US President Donald Trump and rising geopolitical tensions. Although the markets have bounced back since April, not every stock has joined the rally. Several penny stocks are still struggling to recover. In this article, we look at three beaten-down penny stocks trading 30% below their 52-week highs. #1 Tara Chand Infralogistic Solutions The company provides cargo handling, logistic services, equipment hiring and infrastructure project services. It has three operating segments – transport & handling services, equipment rental and infra work services, and steel processing & distribution. It's involved in key metro projects in India, largely in tier-1 and tier-2 cities, with a fleet of hydraulic piling rigs, heavy lifting capacity cranes, and concrete construction machinery. It offers its fleet of equipment across sectors, such as power, oil and gas, steel, cement, renewable energy, and so on. As of 11 July the stock is down 32% from its 52-week high of ₹104.8 on 21 August 2024. While the company has posted solid year-on-year growth, its quarterly performance has been inconsistent. In the December 2024 quarter, revenue rose to ₹64.4 crore from ₹44.4 crore a year ago. Net profit improved to ₹5.2 crore from ₹3.4 crore but declined from ₹7.2 crore in September 2024. The company has seen a gradual fall in promoter shareholding. From 74.71% in September 2022, their stake dropped to 69.6% by December 2024 before inching up to 70.67% in March 2025. The company has pursued an investment plan of ₹160 crore to strengthen its crane fleet, with special attention to the heavy equipment section. It aims to add 12–15 high-tonnage cranes. #2 Premier Polyfilm The company manufactures vinyl flooring, polyvinyl chloride (PVC) sheeting and artificial leather cloth, used for a variety of industrial and consumer applications. Its products include a range of PVC flooring, PVC leather, PVC film & sheeting, vinyl wallpaper, swimming pool liners, and aqua lining PVC geomembrane. As of 11 July, the stock has declined 37% from its 52-week high of ₹85.6 on 3 January 2025. While the company's sales grew 5.96% yoy to ₹82.79 crore, net profit dropped 16.7% yoy to ₹5.58 crore from ₹6.7 crore in the same quarter last year. Investor sentiment also took a hit after Sebi fined the company ₹3 lakh in December 2024 for lapses related to related-party transactions carried out between April 2022 and May 2023 without prior approvals. The company said it had not initially considered the entities as related parties under the Companies Act 2013, and claimed to have rectified the oversight after the statutory auditor flagged it. #3 TPL PLastech The company manufactures polymer products for industrial packaging. Its products include narrow mouth drums, and narrow mouth and wide mouth carboys. As of 11 July, TPL Plastech stock is down 42% from its 52-week high of ₹136 on 1 August 2024. One of the possible reasons for the stock's decline is selling by foreign institutional investors (FIIs) over the past two quarters. FII holdings dropped from 0.26% in September 2024 to just 0.03% in December 2024 and 0% in the March 2025 quarter. Conclusion Beaten-down penny stocks may seem appealing because of their low prices, but carry significant risks. Many of these companies struggle with weak financials, poor corporate governance, low liquidity, and lack of transparency. Price swings can be extreme and exiting a position isn't always easy. It's important for investors to be aware that low price alone doesn't make a stock a good buy. Careful evaluation and a clear understanding of the risks involved are essential before considering any investment, especially in this segment. Investors should evaluate a company's fundamentals, corporate governance and valuation before making an investment decision. Happy investing! Disclaimer: This article is for information purposes only. It is not a stock recommendation and should not be treated as such. This article is syndicated from
Indian Express
4 minutes ago
- Indian Express
What has happened so far in the Jeffrey Epstein case?
The Jeffrey Epstein saga has re-emerged, drawing conservative backlash, government denials, and presidential pleas for calm. A Department of Justice (DoJ) declaration that Epstein was not murdered, and that no client list exists, has created a rift between Donald Trump and his base. Trump has dismissed the secretive investigation into Jeffrey Epstein as 'boring' and only of interest to 'bad people,' even as pressure mounts from his own MAGA base to release details of the case. The US President, who is facing growing backlash over suspicions that his administration is shielding powerful names tied to the convicted sex offender, insisted he supports releasing any 'credible' information. 'I don't understand why the Jeffrey Epstein case would be of interest to anybody,' Trump told reporters Tuesday night when asked about his supporters' obsession with the matter. 'It's pretty boring stuff. It's sordid, but it's boring.' Here's a chronological look at how the controversy unfolded: Jeffrey Epstein was arrested and charged in Manhattan with federal sex-trafficking offenses. Prosecutors accused him of exploiting dozens of underage girls between 2002 and 2005. Despite pleading not guilty, the arrest reignited scrutiny over a prior 2008 plea deal in Florida that resulted in minimal jail time. Epstein was discovered dead in his cell in Manhattan. The New York City medical examiner ruled his death a suicide by hanging. Epstein's legal team contested the ruling, and conspiracy theories about foul play began to circulate almost immediately. President Trump shared a tweet suggesting Bill and Hillary Clinton were involved in Epstein's death. He later told reporters: 'The question you have to ask is, did Bill Clinton go to the island? Because Epstein had an island.' Trump denied ever visiting the island and emphasized his estrangement from Epstein after a falling out years earlier. Despite the official suicide ruling, rightwing commentators and online users proliferated the slogan 'Epstein didn't kill himself,' fueling public distrust. Even Republican members of Congress echoed the theory on social media. Ghislaine Maxwell, Epstein's former associate, was convicted of sex trafficking. The judge called her crimes 'among the worst imaginable,' and described Epstein as her 'co-conspirator.' Court documents tied to Virginia Giuffre's lawsuit against Maxwell were made public. While the files named high-profile individuals like Bill Clinton and Donald Trump, none were accused of wrongdoing. The documents reignited online debate. During a campaign interview, Trump said he would declassify JFK and 9/11 records but hesitated on the Epstein files: 'You don't want to affect people's lives if there's phoney stuff in there.' Attorney General Pam Bondi told Fox News that the Epstein files were 'sitting on [her] desk.' She later clarified she meant case files, not a client list. Conservative commentators received binders labelled 'The Epstein Files: Phase 1.' The materials offered little new information. The DoJ said it would release more documents after victim redactions. Elon Musk posted, and then deleted, a tweet accusing Trump of being listed in the Epstein files. The post was made during a clash over taxes. The DoJ announced there was no Epstein client list and said no more documents would be released. It published 11 hours of surveillance video from Epstein's cell, though one minute was missing. Bondi attributed this to a technical reset. Figures like Alex Jones and Laura Loomer accused the government of a cover-up. On Trump's own platform, Truth Social, loyalists began criticizing the administration. Reports emerged of a heated argument between Pam Bondi and Dan Bongino at the White House. Bongino allegedly accused Bondi of withholding information and considered resigning. NBC News reported Bongino was contemplating resignation, with sources saying: 'He's threatening to quit and torch Pam unless she's fired.' In a lengthy Truth Social post, Trump defended Bondi and dismissed Epstein-related controversies: 'Let's keep [America] that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.' The post was 'ratioed,' indicating many disagreed. Republicans on the House Rules Committee blocked a Democrat-led effort to force a vote on releasing remaining Epstein documents. House Speaker Mike Johnson called for the Epstein files to be released, stating: 'Put everything out there and let the people decide.' Trump dismissed interest in the case as coming from 'pretty bad people.' 'It's sordid, but it's boring… Anything that is credible, I would say, let them have it.' (With inputs from The Guardian)
&w=3840&q=100)
Business Standard
4 minutes ago
- Business Standard
US strikes destroyed only one of three Iranian nuclear sites: Report
A new US assessment has found that US strikes in June mostly destroyed one of three targeted Iranian nuclear sites, but the other two were not as badly damaged, NBC News reported on Thursday, citing current and former US officials. The report said that US officials believe the attack on Iran's Fordow nuclear facility was successful in setting back enrichment capabilities there by as much as two years, citing two current officials. The two other facilities that the US struck were not as badly damaged and may have been degraded only to a point where nuclear enrichment could resume in the next several months if Iran wants it to, the report added. Reuters could not immediately verify the NBC report. The White House did not immediately respond to a Reuters request for comment. The chief Pentagon spokesperson Sean Parnell told NBC that US President Donald Trump "was clear and the American people understand: Iran's nuclear facilities in Fordow, Isfahan, and Natanz were completely and totally obliterated. There is no doubt about that." The US launched strikes on Iran's nuclear facilities last month, saying that they were part of a program geared towards developing nuclear weapons. Tehran maintains that its nuclear development is purely for civilian purposes. A preliminary assessment in June from the Defense Intelligence Agency suggested that the strikes may have only set back Iran's nuclear program by months. But Trump administration officials said that assessment was low confidence and had been overtaken by intelligence showing Iran's nuclear program was severely damaged. According to Iranian Foreign Minister Abbas Araqchi, the strikes on the Fordow nuclear site caused severe damage.
