Booking Financial News

Colgate-Palmolive (India) Ltd. traded at Rs 2134.3 on BSE at 10:40AM (IST) on Tuesday, up 0.87 per cent. The stock quoted a 52-week low price of Rs 1434.6 and a high of Rs 2142.0.

Anuj Poddar, MD & CEO, Bajaj Electricals, says «Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.» In your commentary after Q2 results, you have mentioned a weak consumer demand sentiment which might have impacted your consumer products and lighting solutions revenues in the quarter gone by. Has the demand recovered from those low levels or are you still seeing it impact in this quarter as well? Yes Q3 is definitely looking better. It has started on a stronger note and the two factors that have impacted Q2 one is just a general weak environment for consumer demand that we saw particularly in September but also there was also a shifting of the festive season this year from Q2 to Q3, which is why the base effect kicked in. I do see a better start to Q3 and hopefully a better end to Q3 as well.

Taraja Ramsess, a respected stuntman whose work is known on the sets of monumental films such as «Avengers: Endgame» and "Black Panther." Ramsess and his two young daughters, Sundari and Fujibo, were tragically killed in a car accident in Atlanta on October 31. Who was Taraja Ramsess? Taraja Ramsess was a versatile talent in Hollywood, known not only for his role as the Border Tribe Warrior in «Avengers: Infinity War» but also for his dynamic presence as a stunt performer. His skills were showcased in a variety of productions across the Marvel and DC universes, contributing to the success of many TV shows and movies. His career was marked by a range of accomplishments from performing stunts to working as a set dresser and stunt double.

SHANGHAI/SINGAPORE (Reuters) -China's attempts to keep the yuan from falling contributed to last week's chaos in money markets, sources involved say, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through a major slowdown.

Analysts at most brokerages retained their share price targets on State Bank of India, after the lender's second quarter results beat market estimates. The stock, however, slid 0.7% to ₹573.95 in a firm market on Monday. The average price target on State Bank of India of all analysts compiled by Bloomberg following the second quarter results is at ₹715.11, implying an upside of 24.5% over Monday's closing. Jefferies said SBI is one of the best PSU bank franchises, with a strong current account savings account (CASA) franchise and digital-banking platform.

By Krystal Hu and Anna Tong

OpenAI will enable ChatGPT users to build customised bots to handle specific tasks, and has slashed costs on more powerful models for developers, the artificial intelligence company said at its first developer conference on Monday. CEO Sam Altman shared the updates at the San Francisco event, which attracted 900 developers from around the world. This is OpenAI's latest attempt to capitalise on the popularity of ChatGPT by offering developers incentives to build in its ecosystem. ChatGPT, launched in November 2022, now has 100 million weekly active users, Altman said.

₹12,000 crore of funds to start the redevelopment work at Mumbai’s Dharavi, Asia’s largest slum, two people directly aware of the development said. On 14 July, the Maharashtra government approved the Adani group to redevelop the crowded Dharavi slum—a complex 590-acre cluster of irregular structures, rickety tenements and decrepit buildings sheltering over 900,000 citizens and hundreds of small commercial setups. A special purpose vehicle (SPV), 80% owned by the Adani group and the rest by the Maharashtra government, was formed in September, following which discussions internally and with the state authorities, including the Mumbai Metropolitan Region Development Authority (MMRDA), have been initiated for the $1.5 billion (nearly ₹12,500 crore) investment, according to the people cited above.

Noel Greenhalgh, the part-owner of Melbourne Cup winner Gold Trip, knows a thing or two about buying horses.

Marvel Studios offers a solution with "Legends," a series of concise recaps on Disney+ that acquaint viewers with crucial characters and concepts relevant to the latest Phase 4 and Phase 5 cinematic releases.

Cello World listed with a healthy premium of 28% on the exchanges on Monday. On listing, the stock witnessed some profit booking and closed the day with a 22% gain over the issue price. Analysts believe the premium listing is justified on the back of reasonable IPO valuations, following a strong product demand, financial track record and reputed brand presence. The IPO received a positive response from investors with subscriptions of nearly 42 times at close. «After such a strong listing, investors may book profit.

Bajaj Finance Ltd said that the company has launched the share sale programme for qualified institutional buyers on Monday, and the floor price for the same has been set at Rs 7,533.81 a share. The floor price is at a marginal discount to the closing price of the stock.

₹490 crore from the capital markets, which is a complete offer for sale (OFS). The price band for the offer has been fixed at ₹752–792 per equity share, with a face value of ₹10 each. The net offer is reserved for qualified institutional buyers at 50% of the total offer size, non-institutional investors at 15%, and retail investors at 35%.

Investing.com -- London-listed shares in Ryanair (LON:0RYA) surged on Monday after the low-cost carrier delivered a record annual profit forecast and outlined plans for its first-ever ordinary dividend.

Bankers servicing one of the world’s biggest ESG debt markets are now actively seeking legal protections to guard against the potential greenwashing allegations that may be ahead.In the handful of years they’ve existed, sustainability-linked loans have mushroomed into a $1.5 trillion market. SLLs let borrowers and lenders say that a loan is tied to some environmental or social metric.

According to a report by the Indian box-office tracking portal Sacnilk.com, the third installment of Yash Raj Film’s (YRF) espionage series has crossed an impressive Rs 4.2 crore in advanced bookings on day one, through the sale of more than 140000 movie tickets. Taking to Instagram, trade analyst Taran Adarsh said that the action extravaganza is “running riot in advance booking.” “#Tiger3 is running riot in advance booking… No #Hindi film has dared to open on #DiwaliDay in *more than a decade*, since film biz takes a dip during certain hours [the evening shows, in particular, are impacted]… Can #Salmania and #Tiger3 do the unthinkable?” reads his post. In another post, Adarsh revealed that the movie sold 44,500 tickets on its opening day across major multiplex chains. While PVR INOX has sold 37,000 opening day Tiger 3 tickets, Cinepolis managed to sell 7,500 tickets for Khan’s movie.

Havells India Ltd. fell 0.26 per cent to Rs 1268.15 in Monday's trade as of 01:49PM (IST) even as the benchmark Nifty ruled at 19360.45, up 129.85 points. The scrip had closed at Rs 1271.55 in the previous session.

Multibagger stock: South West Pinnacle Exploration shares are one of those stocks in Indian stock market that has delivered stellar return to its shareholders in post-Covid rebound. In last three and half years, this stock has risen from around ₹12 apiece levels to ₹184.20 per share levels, delivering to the tune of 1,450 per cent return to those who did bottom fishing during Covid-19 sell off. However, it seems that South West Pinnacle Exploration share price still has some steam left.

American Tower Corp (ATC) has informed the US Securities and Exchange Commission (SEC) that it has taken a $322 million (Rs 2,677 crore approx) goodwill impairment charge for its India unit in the quarter ended September 2023, amid continuing business challenges in the country. This is since the fair value of ATC’s India unit has dropped below its carrying amount in the September quarter, the Boston-based telecom tower company said in a recent global SEC filing. “The company (read: ATC) performed an interim quantitative goodwill impairment test as of September 30, 2023, using information obtained from third parties to compare the fair value of the India reporting unit to its carrying amount, including goodwill. The result indicated that the carrying amount of the company's India reporting unit exceeded its estimated fair value… as a result, the company recorded a goodwill impairment charge of $322 million for the three and nine months ended September 30, 2023,” ATC said in its US SEC filing, dated October 26. The US tower firm added that it continues to evaluate the carrying value of its Indian assets, which may result in realisation of additional impairment expenses or other similar charges. The fair value, typically, is the estimated price at which an asset is bought or sold when buyer and seller agree on a price.

Suzlon Energy have risen 15 percent in 3 consecutive sessions on the back of robust September quarter results, a strong order book, and healthy debt reduction. Just in today's session, the stock hit its 52-week high of ₹36.16, trading at its 5 percent upper circuit for the third straight session (November 2,3 and 6). The firm posted over 81 percent rise in the consolidated net profit to ₹102.29 crore for September quarter of 2023-24, mainly due to a decline in expenses.

Salman Khan’s much-anticipated film Tiger 3. The Hindi movie, showcasing in various formats including 2D, IMAX 2D, and 4DX, has witnessed a remarkable response from the audience, indicating a strong opening day turnout. The standard 2D Hindi screenings have raked in an impressive gross of ₹3.9 crore with 138,804 tickets sold, indicating a substantial interest in conventional viewing experiences.