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JM Financial has initiated coverage on the wire and cable manufacturer RR Kabel with a ‘buy’ call. The brokerage is bullish on the stock on the back of its industry-leading revenue growth track record, strong outlook, industry tailwinds, and healthy performance. It has a target price of ₹1,650 for the stock, implying an upside of over 21 percent in 12 months.

GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y. (More to come)"Exciting news! Mint is now on WhatsApp Channels

The Adani Group-owned cement manufacturing company Ambuja Cements on Wednesday posted profit for the second quarter of FY24 at Rs 792.96 crore, up 751.0 per cent as against Rs 93.18 crore during the same period last year, surpassing estimates. It posted revenue from operations at Rs 7,423.95 crore, up 4.1 per cent in comparison to Rs 7,131.39 crore during second quarter of FY23. According to a CNBC TV18 poll, Ambuja Cements was expected to post Q2 profit at Rs 515 crore and revenue at Rs 4,099 crore for the quarter ended September 2023. The company EBITDA, meanwhile, was up 106 per cent from Rs 1,438 crore to Rs 2,969 crore. 

Toyota’s profit in the latest quarter jumped nearly threefold from a year ago as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings

Another day, another Supreme Court case with a mention of former President Donald Trump

Samsung Electronics has reported its highest quarterly profit for the year

One of Australia’s biggest retailers, Cotton On, backed by billionaire Nigel Austin, is advancing its international push after opening more than 100 overseas stores last year.

Freedom Convoy” protest organizers has ordered access to internal police documents so that she can determine whether they should be admitted as evidence.Justice Heather Perkins-McVey said she must review unredacted copies of police communications to determine whether they are protected by solicitor-client privilege, and also whether they are relevant to assessing the credibility of police liaison witnesses.Defence lawyers for Tamara Lich and Chris Barber, who are on trial for their role in the massive demonstration against COVID-19 public-health measures in early 2022, have asked to see emails that show what evidence police officers were asked to hand over as part of the case.They also want to see any instructions given to officers about updating the software on their cellphones when the protest ended, as the judge said that update deleted messages between Barber and Ottawa police Const. Nicole Bach, considered a primary contact of Barber.Const.

rupee settled at 83.25 against the American currency. Persistent foreign fund outflows also weighed on the local unit, forex traders said. “In October, the USD/INR pair exhibited an unusual trend, with the lowest monthly intraday trading range observed recently.

Mahindra & Mahindra Ltd (M&M), the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. M&M’s domestic passenger vehicle (PV) sales in October 2023 rose 35% to 43,708 units from 32,298 units in October 2022.

Canada have chosen to leave in recent years, a threat to a country that relies on immigration to drive population and economic growth. The rate of immigrants leaving the country, or onward migration, has been steadily increasing since the 1980s and is rising among recent cohorts, suggesting newcomers “may not be seeing the benefits of moving to Canada,” according to a study on immigrant retention by the Institute for Canadian Citizenship and the Conference Board of Canada. Click & check your eligibility for immigration Find out The report, published Tuesday, underscored the risks of Canada failing to meet expectations of newcomers, who are facing worsening housing affordability, a strained health-care system and underemployment, among other issues.

India's manufacturing growth softened for the second straight month as demand eased, which alongside bigger increases in the cost of raw materials had an impact on business confidence, a private survey showed on Wednesday. S&P Global Manufacturing Purchasing Managers' Index showed factory activity dropped to an eight-month low of 55.5 in October from 57.5 in September. A Reuters poll had forecast an uptick of 57.7. However, the index has remained over the 50-mark, which separates expansion from contraction, for the 28th consecutive month. «India's manufacturing sector generated substantial growth in October, despite a challenging global economic environment.

air quality index (AQI) was recorded at 336 with some areas also reporting AQI touching to ‘severe’ category. As per Central Pollution Control Board data at 7:30 am, AQI recorded in Wazirpur was 422, while 405 in Rohini, 424 in Anand Vihar. As per SAFAR, Pusa and Lodhi Road recorded AQI levels of 311 and 317, respectively, both categorized as ‘very poor’.

“Small and midcap stocks can see a correction and so can large caps as valuations have been stretched overall,” says Sahil Kapoor, Head of products and Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Gold can benefit from the global chaos and volatility in other assets. It has all the ingredients to do relatively better than other assets” Edited excerpts: A mixed October for markets in the middle of India's festive season. What is capping the upside is it geopolitical concerns or valuations? Whenever markets trade at expensive valuations, it find reasons to correct. Currently, Nifty is trading at 22.7 times trailing earnings and at a return of equity (ROE) of 13%.

Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments in the Israel-Hamas conflict. Brent January crude futures rose 36 cents, or 0.4%, to $85.38 a barrel by 0040 GMT, after falling $1.33 on Tuesday.

L&T: Larsen & Toubro reported a net profit of ₹3,222 crore in the September 2023 quarter, higher by 45% as against ₹2,229 crore reported in the year-ago period, as per the results declared by the company on October 31. The company's revenue from operations during Q2FY24 came in ₹51,024 crore, marking a jump of 19% from ₹42,762 crore reported in the corresponding quarter of the previous fiscal. Bharti Airtel: Telecom major Bharti Airtel recorded a net profit of ₹1,341 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is 37% lower than the year ago.

World Cup 2023, will clash at the Maharashtra Cricket Association Stadium in Pune. Both these teams have had a great tournament so far. South Africa have won 5 out of their 6 matches, losing only to the Netherlands.

Sachin Tendulkar is set to be unveiled on Wednesday, coinciding with the World Cup match between India and Sri Lanka at the Wankhede Stadium. The unveiling ceremony of Tendulkar's statue will witness the presence of several dignitaries, including Maharashtra's Chief Minister Eknath Shinde, Deputy Chief Minister Devendra Fadnavis, the iconic Sachin Tendulkar himself, BCCI Secretary Jay Shah, Treasurer Ashish Shelar, as well as officials from the Mumbai Cricket Association (MCA), including President Amol Kale, Secretary Ajinkya Naik, and other members of the apex council, PTI reported.

India's infrastructure sector closed the September quarter on a firm note, while frantic festive demand lifted automobile dispatches to yet another record in October, highlighting the twin drivers of the economy — government capital expenditure and high-end consumption. The Index of Eight Core Industries rose 8.1% in September from a year earlier, with coal, steel and electricity posting robust growth, data released on Tuesday showed.

new restaurants, pubs, bars and cloud kitchens will be opening their doors this quarter across metropolitan cities as well as tier II-III towns for the New Year. Restaurateurs told ET they are looking to capitalise on the highest demand they are seeing since the pandemic. MMG Group, master franchisee for burgers-and-fries chain McDonald's in the north and east, plans almost as many new QSRs in the current quarter alone as in all of the previous year. «We will be opening 18 outlets in this quarter across New Delhi, Kolkata, Punjab, Haryana, Himachal Pradesh, Uttar Pradesh and the Delhi-Mumbai Expressway (area),» said Sanjeev Agarwal, chairman of MMG Group and McDonald's India North and East.

Pfizer on Tuesday urged investors to focus on growth in its non-COVID products such as its new RSV vaccine Abrysvo, after weak demand for its COVID-19 vaccine and treatment pushed the drugmaker to its first quarterly loss since 2019.