Booking Financial News

Bharat Heavy Electricals Ltd. (BHEL) surged nearly 8% to hit a fresh 52-week high of Rs130.55 apeice on the National Stock Exchange on Friday, fuelled by investor optimism following improving trend in state-run company’s new order inflows. On 30 August, the company said it has bagged an order for setting up a 2x800 MW Supercritical Thermal Power Project Stage-II at Lara, Chhattisgarh, through international competitive bidding.

Union Sports Minister Anurag Thakur felicitated the International Chess Federation FIDE World Cup 2023 runner-up R Praggnanandhaa and his parents on Friday. Speaking during the felicitation programme, Thakur said, "I congratulate him. He has made India proud.

ITD Cementation India share price rallied more than 14% to hit a fresh 52-week high on Friday after the company bagged an order worth ₹3,290 crore. ITD Cementation shares jumped as much as 14.66% to a high of ₹249.40 apiece on the BSE. ITD Cementation India secured a marine contract worth approximately ₹3,290 crore excluding GST, the company said in a regulatory filing on Thursday.

Neil Pharaoh is a loyal Qantas Platinum frequent flyer who has flown with the airline since he was born. But he’s considering switching to Virgin after half his flights were cancelled or delayed in the past year.

GAIL (India) Ltd. rose 2.43 per cent to Rs 117.85 in Friday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 19314.9, up 61.1 points. The scrip had closed at Rs 115.05 in the previous session.

Army's quick action foiled an attempted arson incident near Leimakhong in Manipur. At approximately 6:30 pm, an Army column near Chingmang village noticed flames and smoke emerging from a vacant house. Without delay, the Army personnel sprang into action, establishing a secure perimeter around the area.

Samir Arora, Founder & Fund Manager, Helios Capital, says “one story that has failed is that there is no limit to the valuation of a good company. I have mostly shorted all of them. Even now I am short half of them in another fund. All these 70-80 PE are growing at 10-12% for the last 10 years but they are very good quality companies. “What is looking good from a one-year perspective and what is looking good from a three-year perspective?No, one year, three years do not literally mean one year or 3 years but broadly medium, short, whatever you want to call it.

G20 Summit weekend: The national capital is gearing to prepare for the upcoming G20 Summit which will be held from 8-10 September. From traffic restrictions, schools closed to shops, commercial and business establishment closed, people in Delhi are looking for nearby short getaways.

However, no further details were provided so far. This comes after the government has called for a special session of Parliament for five days starting September 18. However, no official announcement has been made regarding the agenda of the session which will be held days after the G20 Summit in the national capital, Delhi, on September 8 to 10, 2023. With the BJP government calling for a special session of the Parliament in September, speculation is rife about the purpose of the sitting.

Rishabh Instruments IPO: The initial public offering (IPO) of Rishabh Instruments Limited opened for bidding on 30th August 2023 and it will remain open for subscribers till 1sst September 2023. This means, investors have just one day in hand to apply for the public offer as Rishabh Instruments IPO subscription date is ending today evening. In two days of bidding, the Rishabh Instruments IPO subscription status reveals that the book build issue has been subscribed 2.46 times whereas its retail portion has been subscribed 2.79 times.

Labor Day weekend. The Federal Aviation Administration predicts that this will be the third busiest holiday weekend of the year so far, behind only the Juneteenth weekend, which included Father's Day, and the Presidents Day break. Hurricane Idalia weakened and headed out to sea Thursday. While the storm left damage and power outages, its impact on travel eased. Airlines canceled several dozen flights in Florida and Georgia on Thursday but expected to operate at full strength Friday. Travelers can check conditions where they are going on the FAA website. Thursday figured to be the busiest day in U.S. airspace, with 52,203 flights scheduled, followed by 49,111 flights on Friday, according to the FAA. After a lull on Saturday and Sunday, flights are scheduled to pick back up Monday and Tuesday. The numbers include airline, military and some private flights. The Transportation Security Administration expects to screen more than 14 million passengers from Friday through Wednesday, up nearly 11% over the same weekend last year.

Buy or sell stocks for today: After swinging between gains and losses for the entire session, Indian stock market finally ended lower on Thursday. NSE Nifty snapped its three days winning streak and finished 93 points lower at 19,253 whereas BSE Sensex dipped 255 points and closed at 64,831 levels. Bank Nifty index nosedived 243 points and ended at 43,989 mark.

A number of major carbon traders are finding that offsets they bought may now be valueless.

TV line-up for 2023 leans heavily on reality shows due to ongoing writers and actors strikes. Alongside this trend, a few new scripted series are making their debut, including NBC's «The Irrational.» Executive producers Arika Lisanne, Mittman, Mark Goffman, Sam Baum and David Frankel helm this drama, which is adapted from the 2008 book «Predictably Irrational: The Hidden Forces That Shape Our Decisions» by Dan Ariely, who also advises on the show's production.

Power Book IV: Force" is returning for Season 2 on Starz. Fans can catch the new episodes of this crime series starting from September 1. «Power» was a successful show on Starz. It followed James Patrick (Omari Hardwick), a New York club owner known as «Ghost,» who was also a significant drug dealer. The story included James having an affair with his former flame Lela, who was secretly a federal prosecutor targeting Ghost. His loyal friend Tommy Egan (Joseph Sikora) also played a part. After the main series ended with James' death, Starz expanded it into a franchise. «Book II: Ghost» continued the story with James' family moving forward, and «Book III: Rise of Kanan» explored the rise of Kanan (Curtis «50 Cent» Jackson) in the drug trade during the 1990s.

By Svea Herbst-Bayliss

NEW DELHI : The Adani Group faced fresh allegations of opaque financial dealings after a global network of investigative journalists published a report alleging that the company invested millions of dollars in its own companies through secret offshore structures. The Organized Crime and Corruption Reporting Project’s (OCCRP’s) investigations, published by The Guardian and Financial Times, dragged down the market value of the 10 Adani group stocks by ₹35,210 crore.

HDFC with HDFC Bank has pushed up the credit growth figures for July to 19 percent compared to 14.5 percent a year ago, driven by a steep rise in retail loans . But without the merger impact loan growth amounted to only 14.7 percent according to latest data on sectoral deployment of bank credit released by the Reserve Bank of India. On a year-on-year (y-o-y) basis, non-food bank credit registered a growth of 14.8 per cent ( excluding the merger impact) in July 20233 as compared with 15.1 per cent a year ago. Retail loans rose 18.4 per cent (y-o-y) in July 2023 compared to 18.7 per cent a year ago, supported by ‘housing’ and ‘vehicle’ loans. Factoring the merger of mortgage lender HDFC with the bank, the retail loan book growth works out to an all time high of 31.7 percent as housing loans worth close to Rs 5 lakh crore merged with the banking sector loan book. Credit to industry registered a growth of 5.2 per cent (y-o-y) in July 2023 as compared with 10.5 per cent in July 2022.

Janine Craig says she will never fly Qantas again after the airline cancelled her flight from the US 24 hours before departure and left her to battle through a two-day travel nightmare to get home.

From the 2003 Telgi story that shocked India to Denzel Washington as Robert McCall in 'The Equalizer 3', the month has many titles released on the OTT and theatres. There will be action, romance, fantasy, crime, thriller, comedy drama and many more. If you have access to multiple OTT platforms, it will be an exciting weekend.

Credit Suisse into its books. But the gargantuan gain comes with an equally large challenge to meld the banking giants. On Thursday, UBS provided a clearer picture of its future form, saying it would keep Credit Suisse’s large domestic arm in Switzerland rather than spin it off.