Record News
29.05 / 14:27
29.05 / 14:13
UPS
Investment trust buybacks hit highest monthly figure on record
This was an increase from 114 share buybacks in March and 93 in April 2023. Trusts bought back a total of £620m last month, down 2% from March but up 152% from April 2023, when shares worth £246m were repurchased. Number of investment trust share buybacks hits record high but effectiveness called into question Overall, £2.2bn had been repurchased by investment trusts in the first four months of the year, a 106% increase versus the equivalent period last year. Scottish Mortgage made the biggest collective share buyback purchases in April and year-to-date, at £75m and £212m repurc...
29.05 / 13:10
Provident
Dash
security
Parke
track
Videos
Best 4K dash cam: Enhance your car safety with these top 7 picks with latest technology
Best night vision cameras: Top 10 options for enhanced safety and home securityThe REDTIGER F7NP dash cam offers 4K front and 1080P rear recording. Wide-angle lenses reduce blind spots, capturing critical details in collisions. Superior night vision with F1.5 aperture and HDR/WDR technology ensures clear footage in low light.
29.05 / 13:07
markets
Provident
Manufacturing
Cummins
Trade
2020
Multibagger stock: Cummins India records over 270% surge in 2 years, gains 1270% from 2020 low
Cummins India, one of the leading power solution providers, have consistently exhibited a robust upward trajectory. Out of the last 24 months, the stock has only recorded losses in five, and those losses were minor.Also Read: NBCC shares rise 5%, surge over 233% in last one year; what’s behind the rally?During this period, the shares have grown from ₹1,030 apiece to the current market price of ₹3,834 apiece, resulting in massive gains of 272%.
29.05 / 11:39
Waters
WhatsApp
reports
Department
Maharashtra: Water stock in dams drops to 22 per cent
water stock in nearly 3,000 dams in Maharashtra has dropped to 22 per cent of their total storage capacity, with the Chhatrapati Sambhajinagar division recording the lowest at 9.06 per cent, an official report said on Wednesday. There are 2,997 dams in the state where 22.64 per cent of the total storage capacity is available for use as of Wednesday.
29.05 / 11:17
COST
Research
performer
reports
BMO hikes dividend but misses expectations as credit provisions climb
Bank of Montreal missed analysts’ estimates after setting aside more money than expected for potential credit losses as consumers and businesses struggle with higher interest rates.
29.05 / 11:17
economy
Food
wellness
country
recommendations
rights
David Rosenberg: These 14 stocks could benefit from Canada's immigration boom
Even with record low fertility and birth rates, Canada is undergoing a nearly unprecedented population boom — well in excess of three per cent annualized growth. The reason is clear: an unrivalled immigration surge that hit an inflow of almost 1.3 million people from other countries around the world in 2023. Without this, the civilian population would be in decline.
29.05 / 10:49
Citi
Election
show
reports
strain
International
How heat stress has increased in urban India this year
NEW DELHI : Ten of India’s 65 cities with over a million population experienced more than 100 hours of ‘heat stress’—dangerous levels of both heat and humidity—in May, in the midst of India’s longest election season, data analysed by climate tech startup, Respirer Living Sciences, showed. Heat stress refers to situations when the heat index, which accounts for both surface temperature and humidity, exceeds 41°C.
29.05 / 10:49
Citizens
Analysis
Election
information
politician
Lok Sabha Elections 2024: Which party has candidates with most criminal cases in all 7 phases? Check details here
r 57 parliamentary seats on June 1. The results will be declared on June 4.Election watchdog Association for Democratic Reforms (ADR) analysed the self-sworn affidavits of 8,337 of the 8,360 candidates in the fray in seven phases.
29.05 / 10:47
Citi
WhatsApp
Delhi breaches 8,300-MW first time ever as heatwave sends power demand soaring
summer heat in Delhi pushed its peak power demand to an all-time high of 8,302 MW on Wednesday afternoon, officials said. It is the first time in the history of the national capital that its power demand has crossed the 8,300-MW mark. Power distribution companies had estimated the power demand to peak at 8,200 MW this summer, the discom officials said. According to the State Load Dispatch Centre, Delhi, the peak power demand of the city was 8,302 MW at 15:36:32 hours. The previous peak power demand was recorded earlier this month, when it touched 8,000 MW on May 22.
29.05 / 10:47
Citi
Waves
WhatsApp
reports
Department
Delhi weather tops 50°C for the first time ever amid 'severe heat wave' conditions: IMD
India's capital reached an all-time high of 50.5 degrees Celsius (122.9 Fahrenheit) on Wednesday, according to the government's weather bureau. The India Meteorological Department (IMD), reporting «severe heat-wave conditions,» recorded the temperature in Delhi's suburb of Mungeshpur on Wednesday afternoon, surpassing the 50C mark for the first time in the city's history. Earlier on, the IMD had issued a red alert for many parts of India's northwestern regions and warned of a severe heat wave day.
29.05 / 09:47
UPS
Action
DNA
Department
Investigations
Rajkot fire: Have got green signal to quiz top officials, says SIT chief; all DNA samples matched
SIT set up to probe the Rajkot game zone fire that killed 27 said on Wednesday that they have been given the go-ahead to question even senior IAS and IPS officials if the probe warranted. In a related development, the Rajkot collector said that the DNA samples of all the victims have been matched with their relatives. The Special Investigation Team chief Subhash Trivedi spoke to the media after Gujarat Minister of State for Home Harsh Sanghavi met the SIT members in Gandhinagar and reviewed the progress in the probe. «We have been instructed to probe the roles of officers associated with Rajkot Municipal Corporation, fire department, police and power utility firm and take stern action if they are found guilty,» said Trivedi.
29.05 / 09:47
UPS
Election
Food
Trade
India set for wheat imports after six years, to shore up reserves
India is poised to begin wheat imports after a six-year gap, to replenish depleted reserves and hold down prices that leaped following three years of disappointing crops, sources say, as the approaching end of general elections removes a key hurdle. New Delhi is expected to abandon a 40% tax on wheat imports this year, officials and other sources told Reuters, paving the way for private traders and flour millers to buy from producers such as top exporter Russia, albeit in modest volumes. As the new-season wheat harvest rolls in, the government is likely to wait until after June to scrap the import tax, in time for Russia's harvest, the sources said.
29.05 / 06:49
markets
BLOCK
security
Research
Experts
Fishing
PNB Housing Finance share price tanks 8%. Opportunity for bottom fishing?
Stock market today: PNB Housing Finance share price witnessed heavy selling in the early morning session. PNB Housing Finance share price today opened downside at ₹744 apiece on NSE and touched an intraday low of ₹724 per share, recording an intraday loss of nearly 8 percent in the morning session. However, the housing finance share witnessed some bottom fishing and recovered some lost ground during the noon session.
29.05 / 06:35
markets
IPO
security
Experts
band
show
Novelis IPO: US subsidiary of Hindalco Industries declares price band at $18 to $21 per share
Novelis IPO: The initial public offer (IPO) of Novelis, with a fixed price band for its public issue, presents a promising opportunity. The US subsidiary of Hindalco Industries Ltd has set the Novelis IPO price band at $18 to $21 per share.
29.05 / 05:29
Enterprise
Trade
performer
cover
hospital
reports
Brigade Enterprises shares surge over 8% to new record high as net profit rises 3-fold in Q4
Brigade Enterprises, one of India’s leading property developers, jumped 8.66% to reach a historic peak of ₹1,331.45 apiece in early morning trading today, driven by the company's robust performance for Q4 and the full fiscal year (FY24).On Tuesday, the company reported a 233% surge in its consolidated profit to ₹210 crore for the March quarter as compared to a net profit of ₹63 crore in the same period last year. Its revenue from operations soared to ₹1762 crore, an improvement of 100% compared to ₹872 crore in Q4 FY24.
29.05 / 05:29
markets
security
Research
trends
Experts
International
Gold price jumps ahead of US GDP data release, silver rate rebounds after retracing from record high
₹72,320 per 10 gm mark. Today, COMEX gold prices oscillate around $2,358 per troy ounce in the international market. This trend is in line with the recent upward movement in gold prices, which have been on a steady rise since [specific date].
29.05 / 05:05
markets
COST
economy
ICE
Election
Food
Dalal St is likely pricing in a Modi 3.0 but election winners already have a bitter household burden
Prime Minister Narendra Modi — their preferred and expected outcome of the ongoing general election — and soaring corporate profits. They might be ignoring an all-too-important speed bump: consumer debt. A trifecta of slow wage growth, elevated interest rates, and heavy borrowing by the average household has weakened the spending impulse of more than 300 million families that drives 70% of gross domestic product. Equity markets aren’t too perturbed. Investors are betting on a post-election boom in private capital expenditure on the back of $534 billion in new infrastructure expected by Bloomberg Economics to come online by 2026, boosting India Inc.’s competitiveness and lifting the economy’s growth potential. More confident companies will also create better-paying jobs. Sooner or later, interest rates will start to decline, both at home and globally. Households’ financial crunch will ease. Bond investors’ thinking is not too dissimilar: Unlike his opponents, the prime minister isn’t promising a dramatic expansion of the welfare state. (According to him, he has already spent $400 billion on cash handouts and free food for the poor in the past 10 years.) Modi will instead borrow to expand productive capacity. A cautious fiscal stance and expectations of a stable currency make India’s rupee-denominated government notes attractive. Borrowing dollars to buy Asian bonds has been unprofitable almost everywhere this year. India has been a notable exception.
29.05 / 04:31
UPS
IRCTC share price declines 5% post Q4 results as net profit growth misses estimates: announces dividend
₹284 Crore grew 2% year on year compared to ₹279 crore in the same period last year.On the operational front , earnings before interest, taxes, depreciation, and amortization (EBITDA) for the railway PSU increased to ₹362.4 crore from ₹324.6 crore in the same period the previous year, an increase of 11.6%. The margin however at 31.4%, declined from 33.6% during the same period last year.The e-ticketing and catering company of the Indian Railways, IRCTC recorded a 19% increase in operating revenue to ₹1,155 crore in the March quarter, up from ₹965 crore in the same period last year.
29.05 / 04:29
Waters
Extreme
country
reports
Department
strain
Delhi sears at nearly 50°C, hits highest maximum temperature this summer
India's national capital Delhi including Mungeshpur, Najafgarh and Pitampura hit nearly 50 degree Celsius on Wednesday morning as heatwave continued its grip across northern and central parts of the country. Churu in Rajasthan and Sirsa in Haryana saw maximum temperatures just exceeding 50 degree Celsius at 50.5 and 50.3 respectively, as per data from the Indian Meteorological Department.
29.05 / 01:23
markets
FIVE
Election
show
reports
High win margin for PM Modi's third term may result in gains of about 3% in NSE Nifty 50 Index, says report
Narendra Modi’s party to win more than 303 seats in the general election to extend their record rally, according to a Bloomberg News survey of market participants. A smaller majority for the ruling Bharatiya Janata Party may lead to a drop of about 2% in the NSE Nifty 50 Index, with the rupee and sovereign bonds also expected to fall, according to a mean of forecast by 32 asset managers, strategists and dealers.
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