Record News

By Svea Herbst-Bayliss

Investing.com-- Most Asian shares tumbled on Wednesday, tracking an overnight decline on Wall Street after sticky U.S. inflation data spurred renewed concerns over higher for longer interest rates.

MUMBAI : Life Insurance Corp. of India (LIC) reaped windfall gains in the December quarter, selling a record $4.7 billion worth of shares of listed domestic companies as the shares reached all-time highs during the market bull run.

Dividend stocks: Shares of Procter & Gamble Health Ltd, Sumitomo Chemical India Ltd, Minda Corporation Ltd, Archean Chemical Industries Ltd, Dhanuka Agritech Ltd, Goodluck India Ltd, and HIL Ltd will be in focus when the stock market opens on February 14 (Wednesday). The Board of Directors of these companies have declared interim dividend for their eligible shareholders. The record date by the 7 companies to ascertain the eligibility of shareholders for their respective issues have been fixed on February 14.

By David Morgan and Richard Cowan

The Ford government is set to introduce automatic renewals for licence plates in Ontario as police report a surge in the number of drivers with expired credentials.

Super Bowl LVIII victory parade for Kansas City Chiefs is scheduled for Wednesday morning. The City Manager of Kansas City has indicated that he had already informed Taylor Swift's representatives about the city's potential challenges in managing the additional traffic that might arise if the megastar decided to attend, as per a report in New York Post. As Swift's Eras Tour resumes on Friday in Australia, there's speculation that she might extend the celebrations by joining her boyfriend Travis Kelce for the Chiefs' third parade in five seasons, New York Post reported.

The CFP Board registered a significant increase in the number of certified financial planner professionals in 2023, with major financial firms playing a key role in this growth.

In a display of continued energy in its growth and recruitment strategy, Commonwealth logged a second consecutive year of record results in 2023.

Canada’s Shopify topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday, riding on demand for its ecommerce services from merchants during the holiday shopping season.

An Alberta front-line RCMP officer has been arrested and charged in what the police force calls a national security investigation involving allegations of aiding a foreign actor.

Mint looks at what catalysed the mop-up, its benefits and the outlook for next year. As of 10 February, the net collection of direct tax (after adjusting for refunds) has increased by 20.25% and stood at ₹15.6 trillion. This is already 80% of the revised budget estimate of ₹19.5 trillion with two months still left to go in the financial year 2024.

Entertainment Network India Limited (ENIL), the operator of India's top FM radio channel Radio Mirchi, has recorded a net profit of ₹21.6 crore for the quarter ending December 31, 2023, marking an impressive 108% year-over-year (YoY) growth. EBITDA stood at ₹44.3 crore, boasting a 33% margin and demonstrating a substantial 36.4% YoY improvement, primarily driven by robust top-line growth. Revenue grew 21% YoY to ₹140 crore, led by robust demand in free commercial time (FCT), which was driven by high retail activity during the quarter. Non-FCT revenues also experienced a notable surge, reporting strong revenue growth of 45% YoY. It added that the digital segment contributed ₹11.4 crore to the revenue, making up 13% of the total radio revenues. Additionally, ENIL invested ₹6.2 crore in digital to further fortify its presence in the segment.

By Marisa Taylor

In the most bullish sentiment seen in two years, the latest Bank of America’s Fund Manager Survey (FMS) shows a significant shift in investor behavior and market outlook.

₹3800 per share. "We expect AEL's EBITDA to double from FY23 to FY26 and grow 3x+ by FY28. We build the contribution of new biz scaling from 40% of consol EBITDA (FY23) to -75% by FY26 and 85% by FY28, At CMP.

Alpex Solar IPO: Check GMP, subscription status on day 3; other key details The allotment of the Aplex Solar IPO is likely to be finalised on January 13. Those who have applied for the book build issue can check the Aplex Solar IPO allotment status online by logging in at the BSE website or the website of the official registrar of the public issue - Skyline Financial Services Private Ltd. Meanwhile, the grey market premium sentiment of the Aplex Solar IPO has gone down.

Turnover meaninghow rapidly a business receives cash from its accounts receivable or selling its inventory. Analysts and investors use turnover ratios to ascertain if a company is known for a good investment. Some basic types of turnover consist of: As discussed above, turnover is a synonym for revenue, it is of utmost importance for survival and growth for any company or organisation to continue its operations.

A robust 17.4% YoY surge in rents was recorded across 13 major Indian cities, with Gurugram (31.3% YoY), Greater Noida (30.4% YoY) and Bengaluru (23.1% YoY) taking a lead, according to Magicbricks’ flagship Rental Update (October- December 2023).

For procurement of 11 Shakti Electronic Warfare Systems along with associated equipment / accessories for Indian Navy a contract worth Rs 2269.54 crore was inked between Ministry of Defence and Bharat Electronics Limited (BEL), Hyderabad. This will be procured under Buy (Indian- IDDM) category.

(Reuters) — Incyte (NASDAQ:INCY) Corp on Tuesday reported fourth-quarter profit below Wall Street estimates, hit by higher costs related to its products such as skin disorder drug Opzelura and forecast weak sales for its lead product Jakafi this year.