Booking Financial News

Jubilant Foodworks Ltd. fell 0.31 per cent to Rs 438.8 in Thursday's session as of 12:07PM (IST) even as the equity benchmark Sensex traded 3.45 points higher at 73856.39. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 586.35 and a 52-week low of Rs 420.85 on NSE. Around 27847 shares changed hands on the counter till 12:07PM (IST).

Aditya Birla Group (ABG) chairman Kumar Mangalam Birla said Vodafone Idea (Vi) is a national asset, and the successful conclusion of its Rs 18,000 crore follow-on public offer (FPO), India’s largest, marks one such turning point for the telecom industry. “Vi is not just a telecom company. It’s a national asset with 215 million users and about 8000 MHz spectrum. That so many marquee investors participated in this equity issuance is a testament to the government’s vision of a digital India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday. He added that the emphatic oversubscription of Vi’s FPO, with the overall book being subscribed 7 times and the institutional book being subscribed 19 times, demonstrates the tremendous potential of the India digital story and Vi’s role in it. “The robust engagement from both foreign and domestic investors is heartening. Notably, the full subscription of the retail portion is truly commendable, given the sheer scale of the offer.”

Siddhartha Khemka, Head-Retail Research, MOFSL, says on a long-term frame, the order book continues to remain strong, the business model is good but in the near term next one or two more quarters of pain is there to be endured by long-term investors. So, for someone looking from a three-six months’ perspective, IT could continue to remain under pressure. What is your opinion of the market right now? Siddhartha Khemka: We continue to remain positive on the overall outlook on the market. We have seen the result season so far being more or less in line to better than expectation, barring some sectors like IT, which has been kind of weak. Consumer was not expected to be very strong, but there was a hope that the commentary would come around the recovery post the monsoon which the IMD has given a forecast of above normal monsoon.

Sensex climbed 114 points to settle at 73,852 and the Nifty advanced 34 points. Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares declined 4.65% on Wednesday.

Canada’s biggest Indigenous-owned bank is planning a major expansion that will raise as much as $50 million to reach more customers.

A prominent Canadian technology investor joined the chorus of Canadian businesses criticizing Prime Minister Justin Trudeau’s decision to raise the capital-gains tax, arguing it will cause capital flight from the country.

Galaxy devices, including the Samsung Galaxy S20 series, the Galaxy Note20 and Note20 Ultra, the Galaxy S21 series (excluding the S21 FE), and the Galaxy S22. To qualify, phones must be no more than three years old and must be free from any physical or water damage. Samsung has determined that the green line issue is due to faulty software updates affecting certain older Galaxy S series and Note models with Super AMOLED displays.

Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), on Wednesday reported 39 per cent drop in March quarter net profit on lower prices and foreign exchange loss. Consolidated net profit of Rs 627.89 crore in January-March FY24 was lower than Rs 1,012.81 crore earning in the same period last year, according to a stock exchange filing of the company. The profit was up 71 per cent when compared with Rs 365.3 crore earning in December quarter.

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.

Anand Athreya, CEO & MD and Arnob Roy, COO & ED, Tejas Networks, in conversation with ET NOW. Though BSNL has given the biggest order, a significant amount of the order book is for other customers and for Tejas’ wireline products. The order book is mainly the business and tenders that they have won and which they have to execute. A good part of the business is run rate business which are purchase orders that come in a quarter and which are executed throughout the year in the next quarter.

Karnataka gears for the first phase of Lok Sabha elections on April 26, the Election Commission on Wednesday said all the polling stations in the Bangalore Rural and Mysore constituencies will be webcast.As of now, a total of 189 cases have been booked against political parties or candidates for major violations under the Model Code of Conduct (MCC), they said. Addressing a press conference, Karnataka Chief Electoral Officer Manoj Kumar Meena said 1.4 lakh polling officials will be on duty at the 30,602 polling stations across the 14 constituencies which are going for polls in the first phase on Friday. Besides them, 5,000 micro observers, 50,000 civil police personnel, 65 companies of Central Parliamentary Force and State Armed Police force of other states will also be deployed for security at these polling stations, he said.

Mumbai Police's Economic Offences Wing (EOW) gave a clean chit to Sunetra Pawar, wife of Maharashtra Deputy Chief Minister Ajit Pawar, who was named as the ruling NDA's surprise pick for Baramati Lok Sabha constituency, in the Rs 25,000 crore Maharashtra State Cooperative Bank (MSCB) 'scam' case. The EOW stated in its closure report that it did not see any criminality or wrongdoing in the matter, adding that the bank in question did not suffer any losses in the process of sanctioning loans or selling the Jarandeshwar Sugar Mill. The closure report comes at a time when the leaders in the Opposition combine--INDIA, have renewed their 'washing machine' charge at the BJP, claiming that probe agencies go slow on dissident leaders once they jump ship and join the ruling party at the Centre.

Cyient DLM shares rallied 13% on Wednesday at the day’s high of Rs 779.55 after the company yesterday reported an 80.2% year-on-year (YoY) surge in net profit at Rs 22.7 crore for the fourth quarter that ended March 31, 2024. The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.

Ambuja Cements Ltd. traded at Rs 642.4 on BSE at 12:12PM (IST) on Wednesday, up 0.93 per cent. The stock quoted a 52-week low price of Rs 373.4 and a high of Rs 645.9. Earlier in the day, the stock saw a gap up opening.

ET Wealth Online explains how to use multiple credit cards.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says: “ I would play the whole infra, defence story through corporate banks on the one side and through a diversified pick of EPC contractors and all of that and generally building materials, cement, steel and all of that should form part of your portfolio. Having a good diversified portfolio within the infra, capital goods and banks is important. Second, having a slightly longer term, do not expect massive wealth creation to happen in the next few months or years, give it a bit more space and time.” Markets have made a roaring comeback. Now, on the global front, news has deteriorated. On the liquidity front, FIIs have turned net sellers. But if one looks at the market strength purely based on price, for the smallcap, midcap and the largecap, the strength is quite amazing. What is causing this constructive price action in the market? Sunil Subramaniam: I think it is the SIP book flow.

Equity indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. Stocks that were in focus included names like ABFRL, which rose 9.24%, Tata Consumer, which was flat, and HUL, whose shares increased 0.96% on Tuesday.

Buy or sell stocks for today: Frontline indices Nifty 50 and Sensex settled higher for the third consecutive session yesterday driven by firm global cues and easing Middle East conflict. A major drop in the volatility index indicated that market participants are confident about the near-term trajectory.

Narendra Modi government was committed to its mission of empowering rural women, not only through loans and subsidies, but also by equipping them with new technologies to boost their confidence, finance minister Nirmala Sitharaman said on Tuesday. She was addressing a gathering of Flo, the women's wing of the Federation of Indian Chambers of Commerce and Industry (FICCI) in Bengaluru. «Because of government programmes, today the aptitude for innovative activities is not just the purview of women in metropolitan areas, but also in remote regions across the country,» she said.

When James Joyce was writing “Ulysses," his 1922 modernist masterpiece, he is supposed to have declared, “I’ve put in so many enigmas and puzzles that it will keep the professors busy for centuries arguing over what I meant." When it comes to interpretive zeal, however, Joyce scholars have nothing on Swifties, the ferociously dedicated young fans of Taylor Swift. As soon as the pop star announced, in February, that her next album would be called “The Tortured Poets Department," the internet started to speculate about the title’s significance.

Volkswagen has expanded its SUV lineup in India with the launch of two new variants of the popular Taigun model. According to a statement by the company, the new variants, namely the Taigun GT Line and Taigun GT Plus Sport, aim to provide Indian buyers with a more dynamic driving experience. Pricing and Features The Taigun GT Line, featuring a 1.0L TSI engine, is priced at Rs 14.08 lakh (ex-showroom), while the Taigun GT Plus Sport, powered by a 1.5L TSI engine, is priced at Rs 18.53 lakh (ex-showroom). Both variants offer a range of features and specifications to enhance the driving experience.