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earnings downgrade from Nuvama versus its earlier estimates of 15%. Cyclicals such as autos, industrials and metals faced earnings cuts while the same stabilised for IT and FMCG packs. Among key trends observed during the quarter, in domestic consumption, the gap between high-end and mass market demand narrowed with stronger segments such as passenger vehicles, hotels and jewellery slowing. FMCG, on the other hand, stabilised and durables posted a strong quarter owing to the heatwave, the Nuvama note said.

HAL, Reliance and ONGC among a host of other companies are likely to remain in focus next week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

Eric Lamaze owed the plaintiffs more than $786,000.The case lasted 15 years and Lamaze had argued he couldn’t take part because he had terminal cancer – but another judge in the same case ruled the evidence Lamaze submitted to prove he was receiving treatment wasn’t “credible or reliable.”“I’ve carried the weight of this on my shoulders,” Karina Frederiks, the daughter of the plaintiffs, said while growing emotional, minutes after the Aug. 8 ruling.Her family’s stable, Iron Horse Farm, sued Lamaze in 2010, initially claiming he sold them three horses for show jumping who couldn’t perform as promised before narrowing the case down to two horses in question.Lamaze denied any wrongdoing in his defence statement.An Ontario judge ruled in the stable’s favour, noting Lamaze failed to appear in final proceedings.The lawsuit was one of many involving the Olympic equestrian gold medallist.

The S&P 500 and the Nasdaq notched their seventh straight session of gains, as stocks recouped losses from a tailspin two weeks ago. The sell-off, sparked by weak economic data and heightened recession fears, confirmed the Nasdaq had entered correction territory.

Siddaramaiah on Friday asked the Finance department to keep its August 12 circular asking all departments, universities, PSUs and local bodies to withdraw their deposits from State Bank of India (SBI) and Punjab National Bank (PNB) and end their transactions with the two banks in abeyance for 15 days. The government, in a statement said, the circular came after the Public Accounts Committee (PAC) and the CAG’s recorded their observations over the government’s deposits in the two banks. “This action was taken in response to the alleged fraud in the bank branches, which resulted in the non-repayment of fixed deposits made by the Karnataka State Pollution Control Board (KSPCB) and the Karnataka Industrial Areas Development Board (KIADB). Despite prolonged correspondence and meetings, these issues remained unresolved since 2012-13. On August 16, 2024, both banks submitted written representations to the government, requesting a 15-day period to resolve the matter. The same day, senior bank officials met with higher officials of the Finance Department and reiterated their request,” the statement said. The CM accepted their request. “This will allow the banks sufficient time to address the issues and redress the concerns of the government. The government is committed to ensuring transparency and accountability in all its dealings. We will continue to monitor the situation and take appropriate action to protect the interests of all stakeholders.”

Securities and Exchange Board of India (Sebi) on Friday released a consultation paper seeking feedback on proposals, including alignment of provision regarding approval and authentication of financial results for entities having listed non-convertible securities with that for equity listed entities. Under the proposed norms, the quarterly financial results submitted shall be approved by the board of directors. Further, the financial results submitted to the stock exchange shall be signed by the chairperson or managing director, or a whole-time director. In the absence of all of them, it should be signed by any other director of the listed entity who is duly authorised by the board of directors to sign the financial results.

Kashmiri migrants introduced during the recent Lok Sabha polls will be in place for the Jammu and Kashmir Assembly polls as well, Chief Election Commissioner (CEC) Rajiv Kumar said on Friday. He also lauded the democratic spirit of the people of Jammu and Kashmir. Talking about the special arrangements made for the Kashmiri migrants during the Lok Sabha polls, Kumar said those relaxations will continue. «You may also remember that for Kashmiri migrants, special arrangements were made. We simplified the process, we relaxed Form M and there were some cumbersome processes that required authorisation, which were converted to self-attestation,» the CEC said at a press conference to announce the Jammu and Kashmir Assembly election.

markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch's investigations surrounding the Adani Group due to her previous investments. The allegations against the Gautam Adani-led conglomerate, made in January last year, triggered a big drop in the share prices of the flagship Adani Enterprises and other group firms which later recovered, prompting an ongoing investigation by the Securities and Exchange Board of India (SEBI).

markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch's investigations surrounding the Adani Group due to her previous investments. The allegations against the Gautam Adani-led conglomerate, made in January last year, triggered a big drop in the share prices of the flagship Adani Enterprises and other group firms which later recovered, prompting an ongoing investigation by the Securities and Exchange Board of India (SEBI). Buch, in a statement on Aug. 11, denied allegations of a conflict of interest and termed them as an attempt at «character assassination».

As conflict casts a shadow across the Middle East, people are getting rich in Dubai

Immigration tops the list of issues that Britons consider most important for the first time since 2016 — when Britain voted to leave the European Union — following riots this month targeting Muslims and migrants, pollster Ipsos said on Friday. Just over a third of Britons (34%) named immigration as the biggest issue, ahead of healthcare, on 30%, the economy on 29%, crime on 25% and inflation on 20%, the August edition of the monthly Ipsos Issues Index showed. For 11% of those polled race relations was the top issue.

Mutual funds were sitting with Rs 1.71 lakh crore cash allocation in July which was 4.89% of the total AUM. The net equity AUM was recorded at Rs 35 lakh crore as on July 2024. There were around 43 mutual funds in the market in the said period. Five mutual funds had more than Rs 1 lakh crore cash in their portfolio. ICICI Prudential Mutual Fund had the highest cash allocation of Rs 33,790 crore as on July 2024 which was 8.90% of the total AUM. The fund house had an equity AUM of Rs 3.45 lakh crore as on July 2024.

Reliance Industries among 3 other companies are expected to be in focus today as they have set August 19 as the record date for determining shareholders eligible for dividend payments. This means today is the last day to buy shares of these companies to qualify for the announced dividends.

“Allocate new money to a multi-asset allocation strategy or an equity savings fund with lower equity allocations,” says Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Retail investors should prioritize building a well-rounded portfolio that includes both equity and debt, aligning their investments with their financial goals rather than chasing short-term market trends” Edited excerpts: The market touched record highs post-budget, followed by a slight dip triggered by global cues. However, the Indian market managed to bounce back, which seems to be due to core economic strength. What are your views on this, especially considering the recent Hindenburg drama? Sahil Kapoor: Over the last two to three months, the rate of ascent in the market has been slowing down. The market is now spending more time reaching higher highs than it was earlier, indicating a shift in momentum towards consolidation.

assistant and two doctors have been charged in connection with Matthew Perry's death in what prosecutors called a «broad underground criminal network» dedicated to getting the «Friends» star the powerful surgical anesthetic that killed him. The doctors preyed on Perry's history of addiction in the final months of his life last year to provide him with ketamine in amounts they knew were dangerous, U.S. Attorney Martin Estrada said as he announced the charges Thursday. «They knew what they were doing was wrong,» Estrada said. «They knew what they were doing was risking great danger to Mr. Perry. But they did it anyway.»

Wall Street rallied closer to its record highs following signs that the U.S. economy is holding up better than expected

Prosecutors say a Jordanian man living in central Florida caused hundreds of thousands of dollars in damage at a solar power facility and vandalized multiple private businesses over their perceived support for the state of Israel

Kylian Mbappe for Real Madrid? The France captain pulled on the famous white jersey of the Spanish champions for the first time in a competitive match and marked the occasion with the second goal in a 2-0 win over Atalanta in the UEFA Super Cup. Mbappe, who started and played 82 minutes at the National Stadium in Warsaw, met a pass from Jude Bellingham across the area with a shot into the top corner in the 68th minute. «He is inevitable,» Bellingham said of Mbappe.

Kamala Harris unveils her economic agenda before the US Presidential Election 2024? Derided and attacked for "Kamalanomics" by Donald Trump, the Democrat contender is most likely to call for a ban on food «price gouging,» she may signal a critical view of mergers, and talk about her struggles against large corporations as she announces her economic vision Friday. According to the 'Washington Post', Harris may hold companies responsible for the higher cost of groceries in recent years at her election rally in Raleigh, N.C. She may try to send strong signals to all-important swing state voters.

Ricky Ponting reckoned that Joe Root could surpass batting legend Sachin Tendulkar's tally of runs in Test cricket, provided the England batting mainstay stays 'hungry' and keeps scoring at a consistent rate for the next four years. Root became only the seventh batter in the history of the conventional format to cross the 12,000-run mark — a feat he achieved recently during the Edgbaston Test against the West Indies. With 12,027 runs in 143 Tests at 50.11 with 32 centuries and 63 fifties so far, Root is also overall the seventh highest run-scorer in Tests and could overtake Sri Lanka's Kumar Sangakkara (12,400 runs) and his former teammate Alastair Cook (12,472) soon. Tendulkar leads the table with 15921 runs from 200 Tests.

The first half of 2024 has seen assets serviced by NewEdge Capital Group soar to more than $55 billion.