Record News

There’s a change of plans at the $2 billion auction for a majority stake in Melbourne’s EastLink toll road. Potential bidders were told last week that sell-side adviser RBC Capital Markets would delay the auction’s start date by nearly two months – from late July to late September.

Mercedes-Benz GLC was introduced in India, starting at a base price of ₹73.50 lakh (ex-showroom). The succeeding iteration of the Mercedes GLC carries forward significant expectations, given that the prior generation variant achieved sales of more than 13,000 units in the nation. The GLC has proven to be a robust achiever for Mercedes-Benz globally, having recorded sales of up to 26 lakh units since its global launch in 2016.

New Delhi: Domestic coal production rose 9.2% year-on-year up to July 2023, Union minister of coal and mines Pralhad Joshi said on Wednesday.In a written response to Lok Sabha, the minister outlined the government’s efforts to escalate indigenous coal production while curtailing non-essential imports. “As per the existing import policy, coal is kept under Open General License (OGL) and consumers are free to import coal from the source of their choice as per their contractual agreement on payment of applicable duty. Most of the requirement of coal in the country is met through indigenous production.

63 moons Technologies share price was locked in 10% upper circuit limit on Wednesday's trading session following positive Q1FY24 numbers. The company's performance was significantly better than it was during the same time last year. 63 moons share price opened at ₹271.95 apiece on BSE and the stock was hovering near its 52-week high level.

₹7,505 crore in July 2023 as against an inflow of ₹8,245 crore in June 2023, according to Association of Mutual Funds in India (AMFI) data. As per the AMFI data, ETFs registered an outflow of ₹353 crores in July vs ₹3,402 crore inflows in June. Among the equity mutual fund categories, the small-cap category received the highest inflows of ₹4,171.44 crore, followed by the multi-cap category with ₹2,500.47 crore.

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PVR, Inox, Cinepolis, the day has recorded 1,05,300 so far for Day 1. Moreover, he further noted that the advance ticket sales are fantastic in mass circuits and single screen properties. Another film trade analyst Sumit Kadel in a tweet on X also noted that the advance booking of the Sunny Deol and Ameesha Patel starrer at B&C tier single screen is even bigger.

₹34,418 crore as compared to a net profit of ₹15,307 crore recorded in the April-June quarter of FY23. The net interest margin of PSU banks during Q1FY24 grew at an average of more than 3%, lifted by the high interest rate regime. “PSU banks are witnessing late benefits of credit growth and improving asset quality.

(Reuters) — European shares rose on Wednesday, with Italian lenders rebounding from sharp losses in the previous session after the government eased its stance on a new banking levy.

BEIJING (Reuters) — Almost half of Chinese undergraduates returned to their hometowns last year within six months of graduation, state media reported, with the proportion rising to 47% from 43% in 2018 amid a sagging job market.

Supreme Court judge Justice Prashant Kumar Mishra on Wednesday recused himself from hearing a plea filed by former JNU student Umar Khalid seeking bail in a UAPA case related to alleged conspiracy behind the riots here in February 2020. Khalid's petition challenging the October 18 last year order of the Delhi High Court, which had rejected his bail plea in the matter, came up for hearing before a bench of Justices A S Bopanna and Prashant Kumar Mishra. «This will come before some other bench. There is some difficulty for my brother (Justice Mishra) to take up this matter,» Justice Bopanna said at the outset, without assigning any reason for Justice Mishra's recusal. Advocate Rajat Nair, appearing for the Delhi Police, told the bench that they have filed a counter affidavit but there is an objection shown by the apex court registry on it. «There are certain portion of statements which we have extracted, that portion is in vernacular,» he said, adding, «That statement itself is in vernacular.» Nair said he also wants to file relevant portion of the charge sheet filed in the case.

Edelweiss group chairman, Rashesh Shah, and the executives of ECL Finance Ltd Wednesday moved the Bombay High Court (HC) seeking quashing of the first information report (FIR) registered against them in the death by suicide case of art director, Nitin Desai. The HC will hear their plea on August 11. Senior counsel Amit Desai appeared before th HC for the applicants.

DUBLIN (Reuters) — Flutter's first half core earnings jumped 76% as its fast growing U.S. Fanduel brand turned a profit for the first time in a «transformation point» for the group's prospects, the world's largest online betting company said on Wednesday.

Bumble shares fell 4% on Tuesday after the dating app owner forecast lackluster third-quarter revenue and posted a jump in expenses, sparking fears that stiff competition with Tinder-owner Match was affecting its business. The operator of Bumble, Badoo, and Fruitz apps said its total operating costs rose more than 7% in the June quarter as it spent more on product development and marketing.

IRCON International share price rallied over 8% to hit a record on Wednesday after the railway PSU reported strong growth in Q1 results. IRCON share price jumped as much as 8.12% to its all-time high of ₹107.80 apiece on the BSE. IRCON shares have witnessed a sharp upmove this year.

Adani Wilmar share price fell almost 5 per cent while those of Adani Enterprises rose almost a per cent in early deals on BSE on Thursday amid reports that Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd. As per a Bloomberg report, Adani Enterprises has been considering a potential sale of its 44 per cent stake in Adani Wilmar for a few months. Gautam Adani and his family may retain a minority stake in a personal capacity following a sale, Bloomberg reported citing people.

Tata 1mg has reported a 160% year-on-year jump in its operating revenue for the year ended March 31 to Rs 1,627 crore. However, the company's net loss more than doubled to Rs 1,254.9 crore in FY23, documents sourced from business intelligence platform Tofler showed. A significant chunk of the increase in Tata 1mg's loss was attributable to a Rs 668.1 crore one-time expense.

Dividend stocks: Shares of ICICI Bank, LT Foods, Motherson Sumi Wiring India, Sarthak Metals and West Coast Paper Mills will trade ex-dividend today. The ex-dividend date is the day on which the price of an equity share adjusts to reflect the next dividend payout.

Beach Energy chief executive Morne Engelbrecht has made an immediate exit and will be replaced by senior Santos executive Brett Woods in a move that is being directly linked to the tightening hold of billionaire Kerry Stokes’ Seven Group Holdings on the board of the under-pressure oil and gas producer.

After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5% of their lifetime highs, August has now recorded five losing sessions out of six. The S&P is down 2% this month, with the Nasdaq dropping 3.2%. Tuesday's decline was triggered after the agency cut ratings on 10 small- to mid-sized lenders by one notch and placed six banking giants, including Bank of New York Mellon, U.S.

Kangana Ranaut to file reply to veteran poet-lyricist Javed Akhtar's application challenging the summons issued to him by a magistrate's court in a case filed by her. Additional sessions judge (Dindoshi court) AZ Khan, presiding over the case related to alleged criminal intimidation, issued a notice to Ranaut seeking her reply and adjourned the matter to August 24.