Booking Financial News

(Reuters) — Electronic Arts (NASDAQ:EA) on Wednesday beat analysts' estimates for quarterly net bookings and profit and raised its annual earnings projection, betting that its revamped soccer franchise «FC 24» would help maintain the momentum in its sports videogame unit.

Tata Steel Ltd on Monday swung to its highest quarterly loss in two fiscal years after it booked a ₹6,358 crore impairment charge related to a decarbonization project at its Port Talbot plant in the UK. The steelmaker reported a loss of ₹6,511 crore for the three months ended 30 September from a profit of ₹1,297 crore a year earlier, the company said in a statement on Wednesday. A Bloomberg survey of analysts expected a profit of ₹569 crore.

CVS Health beat third-quarter forecasts thanks partially to its growing pharmacy benefits management side, but the health care giant is cautious about next year

₹3,223 crore from ₹2,229 crore a year ago, attributed to enhanced order book execution. Operating revenue stood at ₹51,024 crore in Q2FY24, marking a 19% year-on-year (YoY) rise Raman indicated a likely uptick in project execution, predicting accelerated activity leading to the elections. “The projects that are due for completion will be pushed again.

Larsen and Toubro (L&T) is following in the footsteps of other Indian conglomerates like Vedanta and Tata Group, foraying into fabless semiconductor chip design. The company plans to invest Rs 830 crore through a wholly-owned subsidiary which will be engaged in the business of fabless semiconductor chip design for the automotive as well as industrial sector. L&T chief financial officer, R Shankar Raman tells Kalpana Pathak and Romita Majumdar, that as part of the company's strategic plan, it has always been looking for alternate sources of business for future.

₹3,789.90 crore. “Owing to the improving asset quality, increase in lending rates and effective management of Finance Cost, REC is able to record its highest ever quarterly profit," the company said in a statement. During the same period last fiscal, the company had registered a net profit of ₹2,732.12 crore.

Investing.com — U.S. futures retreated Wednesday, as investors started the month cautiously ahead of the conclusion of the latest two-day policy meeting of the U.S. Federal Reserve.

ESAF Small Finance Bank will open for subscription on November 3. The issue closes on November 7.

Varun Alagh and Ghazal Alagh are also selling 32.86 lakh shares of the 10.67 crore shares they hold in the Gurgaon-based company. With a price band of Rs 308-324 per share fixed for the issue, the founders will together raise between Rs 101.22 crore and Rs 106.47 crore through this sale.

The festive season is finally here and, as always, real estate developers have started betting big on it. Buyers prefer making big-ticket purchases during this period as it is considered auspicious by a majority of them. Sales of all kinds of things soar during the festive time — including those of real estate. Thankfully, housing sales in the nation’s top 7 cities have already remained at an all-time high in Q3 2023, denoting a 36% annual growth at over 1.20 lakh units, and are expected to rise further during this time despite rising property prices.

Tube Investments of India Ltd. traded at Rs 3167.5 on BSE at 02:04PM (IST) on Wednesday, up 0.6 per cent. The stock quoted a 52-week low price of Rs 2375.05 and a high of Rs 3737.15.

As of match number 31, the points table positioning has only got more interesting with no team having secured a place after six games played by each one. The hosts India are leading the table with remaining undefeated so far in the tournament and have 12 points in their kitty. Meanwhile, South Africa boast a splendid Net Run Rate (NRR) of +2.032 and 10 points in six matches. New Zealand and Australia are in the third and fourth position respectively with 8 points and a minor difference in the NRR. That said, three league matches left for each team except Pakistan and Bangladesh, signal significant and genuine chances for teams including Afghanistan, Sri Lanka and Netherlands to claim a semifinals’ spot.

Mukesh Bansal, sharing his two cents on the ongoing 70-hour week debate for corporate India, has said that companies demanding long hours also need to create proportional upside. The CureFit founder categorically stated that it is not fair for companies to «demand 70 hours of work at 40 hours salary.» Bansal took to LinkedIn on Tuesday to share his views on the ongoing debate fuelled by Narayana Murthy's suggestion that the millennial workforce in India needs to go the extra mile in order to help nation-building.

Pfizer lost more than $2 billion in the third quarter as an expected COVID-19 product sales decline clipped revenue

Dipan Mehta, Director, Elixir Equities, says “one should never analyse L&T on a consolidated basis because due to the software business and the NBFC, you will never realise that value. L&T is never going to sell off those stakes and unlock value for its shareholders and those companies are already listed. So, I do not want to double count them when I am doing the valuation calculation for L&T. If you start to value only the EPC business and the unlisted subsidiaries, then it is a slightly reasonable valuation.” We have been talking quite extensively about the real estate space as well as a whole, the kind of promising opportunity given that there are a few formidable players in New Delhi, Gurgaon, etc. Is there a ripe opportunity still at play when it comes to real estate? At corrections, why not? And, although a lot of the real estate stocks are quoting at or around their net asset value, the fact is that the opportunities are keeping on growing for the sector and these companies and I have seen quarter after quarter because of either joint development agreements or because of price increases or acquisition of land bank, these companies have started to report even higher and higher net asset value or the net realisable value of these companies.

Halloween, Meta CEO Mark Zuckerberg celebrated the holiday with his family and shared a photo on Instagram. In the post, Zuckerberg is dressed as Professor Dumbledore from the Harry Potter series, while his family also dons costumes representing various characters from the books. The celebration of Halloween marks the day before the Western Christian feast of All Saints and initiates the season of All Hallow Tide, which lasts three days and concludes with All Souls’ Day.

Blue Jet Healthcare share price was listed at ₹380 on the NSE (National Stock Exchange) almost 10% higher than the issue price of ₹346 on Wednesday. On the BSE (Bombay Stock Exchange) Blue Jet Healthcare share price was listed at Rs359.90 per share and touched highs of ₹395.85, during intraday trades. Investor confidence had remained strong on the company as was visible from IPO subscription level as was subscribed 7.95 times, which as per analysts is a good subscription level.

₹380 per share, 9.8% higher than the issue price of ₹346, and on the BSE, Blue Jet share price was listed at ₹359.90. Blue Jet Healthcare IPO opened on Wednesday, October 25, for subscription and closed on Friday, October 27.

Larsen & Toubro (L&T) share price gained over a percent on Wednesday after the company reported healthy financial performance for the quarter ended September 2023. L&T shares rose as much as 1.85% to ₹2,983.05 apiece on the BSE.

AI has been a big focus this year in the way that it has developed and has quickly become as ubiquitous and embedded in our lives as email, streaming, or any other once futuristic, now everyday technology." To determine this choice, Collins Dictionary analyzed the Collins Corpus, a database containing over 20 billion words from written materials, including websites, newspapers, magazines, and books published worldwide. The analysis also considered spoken language from radio, TV, and everyday conversations.

Prahlad Kakar serves up scoops of his most unforgettable experiences, peppered with funny anecdotes from his personal life and seasoned with lessons on how to tell a riveting story in 30 seconds. 'Adman Madman: Unapologetically Prahlad', written by Kakar with author Rupangi Sharma, is scheduled to be released on November 10. It is published by HarperCollins India.