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Apple CEO Tim Cook visited China to address slumping sales and tough competition from local brands. Cook met with Chinese university students using Apple products for sustainable farming. He also walked through a historic Beijing quarter with fashion photographer Chen Man. Apple reported revenue growth but faces challenges in the Chinese market.
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Manappuram Finance's shares dropped 21% after the Reserve Bank of India took regulatory action against its subsidiary, Asirvad Micro Finance. The RBI ordered Asirvad to stop loan sanctions and disbursals. Asirvad contributes 27% to Manappuram's assets under management. Investors should observe management actions to address these concerns and monitor stock movements around key support levels.
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In South India, it was closer to 50%. And with this acquisition of India Cements by UltraTech and now Orient by Ambuja Cement, it is getting to the levels where the other regions are.
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