Record News

Tamilnad Mercantile Bank Ltd has set a target of 12-15 per cent growth on its deposits and advances during the current financial year, its MD and CEO said on Monday. The Tuticorin-headquartered bank, which has been operating for over 100 years, has recorded a 11.53 per cent on its net profit for the April-June 2023 quarter at Rs 261.23 crore as compared to Rs 234.21 crore registered in the same period of last year.

Following this, L'Equipe in France reported that PSG's owners from Qatar are open to accepting the proposal, which would shatter the current world transfer record for a football player. However, for the deal to materialize, they must convince Mbappe to switch teams. It is speculated that Al-Hilal is prepared to offer Mbappe an astounding €700 million ($776 million) for a single season, after which he would be free to join Real Madrid. This extraordinary sum would amount to a staggering €1 billion ($1.1 billion) in total, surpassing Lionel Messi's previous record for the highest-paid sports contract, Forbes reported citing CBS Sports' James Benge. Apart from Real Madrid and Al-Hilal, Spanish giant Barcelona, top English clubs like Manchester United, Chelsea, Tottenham and Italian side Inter Milan have shown keen interest in signing the French world cup winner, as per reports. Back in 2017, PSG set the current world transfer record when they activated Neymar's release clause at FC Barcelona, paying an eye-watering €222 million ($246 million). Mbappe's move to PSG in the same year had to be managed through a loan due to Financial Fair Play restrictions, as the club had already expended an enormous fee to secure Neymar's services. Subsequently, in the following year, Mbappe joined PSG permanently from Monaco for a total arrangement of €145 million ($160 million), with an additional €35 million ($39 million) in add-ons, making him the most expensive teenager in football history.

Ahmedabad: Seacoast Shipping Services Limited, a leading single-window logistics services provider headquartered in Ahmedabad, is providing an opportunity for both existing and non-existing shareholders to participate in the company’s growth by applying for shares in its ongoing Rights Issue. The Rights Issue of 20,20,05,000 fully paid-up equity shares commenced on July 21 and will remain open for subscription until August 2. Shareholders holding shares in the company on the record date of July 13 are entitled to three rights shares for every five shares held by them.

New Zealand family of five purchased the tickets that took the sales total to 1.5 million for the Women's World Cup on Monday. Soccer's world governing body says the tournament being co-hosted by Australia and New Zealand is on track to be the best attended in the competition's history.FIFA said the 1,500,000th ticket went to Auckland woman Maria Strong, who bought tickets for her husband and three children to attend Italy's Group G win over Argentina at Eden Park as part of a family celebration for her son's 12th birthday. In a statement, FIFA said the sales target had been surpassed within the first five days of the month-long tournament, setting the 2023 edition on course to surpass 2015 in Canada for the record attendance.

Russian wheat export prices jumped last week along with global prices after Russia's withdrawal from the Black Sea grain deal and amid restrictions on navigation in the Kerch Strait, analysts said. Last Monday Russia pulled out of the U.N.-backed deal that allowed the safe Black Sea export of Ukraine's grain, after saying for months that conditions for its extension had not been fulfilled. The passage of cargo ships through the Kerch Strait was closed from July 16 to 20, sources told Reuters.

Greece on Saturday faced its hottest July weekend in 50 years, with temperatures forecast to soar above 40 Celsius (104 Fahrenheit), while a record-breaking heat wave stretching across the southern United States was expected to expand in the coming days. Over the past 24 hours, 162 fires have been reported across Greece amid high winds and extreme heat. The Greek Coast Guard, which led efforts to rescue tourists and locals from Rhodes, also helped evacuate 59 people from a beach in northern Corfu last night as another blaze threatened.

mosque — just hours after beginning the exercise Monday morning — following a Supreme Court order. The Varanasi district court had ordered the ASI Friday to conduct a survey, using technologies like ground penetrating radar and excavations, if necessary, to determine if a temple existed earlier at the same place. The mosque is located next to the Vishwanath temple.

New Delhi: Consumption of petroleum products in India during April-June rose 4.9% year-on-year (YoY) to 58.8 million metric tonne.  Data from Petroleum Planning and Analysis Cell (PPAC) showed that the growth was led by a 13.4% growth in jet fuel consumption, followed by an 8.1% increase in diesel use and 6.8% rise in petrol usage. A total of 2 million metric tonne (MMT) aviation turbine fuel (ATF) was consumed during the first quarter of this fiscal, against 1.7 million metric tonne a year ago. Diesel and petrol consumption stood at 23.9 MMT and 9.4 MMT, respectively, during the quarter under review, compared to 22.2 MMT and 8.8 MMT, respectively, a year ago.

Eros International Media is facing scrutiny from the Ministry of Corporate Affairs amid allegations of fund siphoning. The development comes mere weeks after SEBI accused the media group of financial misreporting and fund diversion.

Barbie and Oppenheimer on Friday, July 21, box office records have been broken. Both films being hyped and the with the Barbenheimer trend, most people have watched both Barbie and Oppenheimer in the first three days of release. While Greta Gerwig’s version of Barbie, starring Margot Robbie and Ryan Gosling, is a feminist take on the popular Barbie doll, Christopher Nolan’s Oppenheimer, starring Cillian Murphy, Robert Downey Jr., Emily Blunt and Florence Pugh, is a biography of physicist J Robert Oppenheimer who was also known as ‘Father of Atomic Bomb’

Sector-wise, buying was seen in infra, public sector, and capital goods stocks and selling in FMCG, metals, oil & gas and banks. Stocks that were in focus on Monday include names like ITC (fell nearly 4%), SJVN (rose more than 14% to hit a fresh 52-week high) and Inox Wind (rallied nearly 12%). We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout.

New Delhi: The central government on Monday introduced the National Nursing and Midwifery Commission Bill, 2023, and the National Dental Commission Bill, 2023, in Lok Sabha. The National Nursing and Midwifery Commission Bill aims to set up National Nursing and Midwifery Commission (NNMC), and will repeal the Indian Nursing Council Act, 1947, to streamline nursing education in India.

Eros International Media, two government officials told Reuters, after the market regulator in June accused the media group of financial misreporting and fund diversion. The ministry ordered the probe after it was «satisfied» that an inspection was required to check allegations of fund siphoning, one of the officials, who did not want to be named, told Reuters.Eros International Media is a distributor and producer of movies and owns popular OTT streaming platform Eros Now.

Indian exporters on Amazon Global Selling recorded a business growth of nearly 70% at this year’s Prime Day Event held on July 11 and 12, surpassing the average growth rate in previous editions. Amazon Global Selling is the retail giant's flagship ecommerce exports program, through which it facilitates sellers in India to access overseas markets. For Amazon, Prime Day is a crucial sale event to boost sales in the mid-year timeline before it starts work on the Diwali sales, which go on for a month.

Sameer Mahendru in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy on medical grounds. While directing Mahendru to surrender before the trial court by 5 PM on September 4, Justice Dinesh Kumar Sharma made it clear that no further extension of interim bail shall be granted to him on the grounds cited in the instant application. The high court observed that interim bail can never be allowed to be made an «evergreen process».

European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy.  

Nifty ended in the red for the second consecutive session on Monday (July 24) with heavyweights, including ITC, Reliance Industries and Kotak Mahindra Bank as the top drags. Shares of Reliance Industries (RIL) and Kotak Mahindra Bank fell as their June quarter numbers failed to cheer Dalal Street while the shares of ITC dropped after the company announced its board has given in-principle approval for the demerger of its hotels business. Weak global cues ahead of the major central bank meetings also weighed on sentiment.

The UK’s venture capital industry has come under sharp criticism from an influential group of MPs.

Elon Musk is once again pushing crypto sky-high, as quick launch 'X' meme token pumps +4,300% overnight in latest Musk moon-shot.

Revenue from operations during the reporting quarter rose 20% year-on-year (YoY)to Rs 7,218 crore. The profit was slightly above the ET Now Poll estimate of Rs 432 crore, while revenue fell short of expectations. The company posted its highest-ever operating EBITDA at Rs 764 crore, with a growth of 27% for the first quarter.

climate change, many countries in the world, including Singapore, are seeing rising temperatures, the Ministry of Sustainability and the Environment and the National Environment Agency said in a release, “It is therefore important for members of the public to adapt." Singapore — located close to the equator with average monthly maximum temperatures of 31-32C (88-90F) — recorded its hottest day in four decades in May with a reading of 37 C. The government has warned of worsening air quality and said the upcoming haze season may be the hottest and driest since September 2019.