Booking Financial News

Lawyers for FTX founder Sam Bankman-Fried say prosecutors are wrong to seek his detention prior to trial because their arguments are based on “innuendo, speculation, and scant facts.”

Equitable Bank reported its best ever quarterly earnings per share in the second quarter as high interest rates push Canadians to look for alternatives to traditional banking.

Madhusudan Kela, has picked up a stake in Niyogin Fintech through bulk deals on Wednesday. According to bulk deals data available with the exchanges, Madhuri Kela has bought 50.2 lakh shares or 5.3% stake in the company. The transaction was done at a weighted average price of Rs 61.65.

₹7,000 crore in this financial year, a more than 16% rise from the previous year, said Anil Sardana, the company’s managing director and chief executive, in an interview. The company is planning to increase its capital expenditure outlay by about 10% every year, he added. “We are sitting with a huge order book.

Nuh and its adjoining areas in Gurugram, Haryana Chief Minister Manohar Lal on Wednesday said those who are responsible for violence will be held accountable for all the losses of private properties. In the aftermath of the violence in Nuh, the state government has cleared all the land-related hurdles for setting up a camp of CRPF's anti-riot unit, Rapid Action Force (RAF), at Indri village in the district, nearly five years after the approval from the Centre. The CM also sought four additional companies of central forces and said an India Reserve Battalion will also be deployed in Nuh.

₹124.94 crore for the first quarter of this fiscal, while sale bookings fell 11 per cent annually in April-June period to ₹2,254 crore. The company also plans to raise ₹2,000 crore, in one or more tranche, through issue of non-convertible debentures (NCDs) and bonds on private placement basis. Its net profit stood at ₹45.55 crore in the year-ago period.

“Everybody who reads the newspaper knows that the United States has a very serious long-term fiscal problem." That wasn’t a quote by some financial talking head in the aftermath of Fitch’s downgrade of America’s credit rating on Tuesday. It was a reaction by then Chairman of the Federal Reserve Ben Bernanke the last time a major rating agency took that action back in August 2011. Investors could google hundreds of such warnings over the decades and conclude that the hand wringing is best ignored or even viewed as a buying opportunity.

₹132 crore for the quarter ending June (Q1FY24), below analysts’ estimates. Jefferies India believes margin improvement will continue in the coming quarters, too. Thermax’s order trajectory has been healthy.

By Giulio Piovaccari

The unexpected downgrade of U.S. government debt sent shockwaves across the economic and political landscapes. In financial markets, the move was met with what amounts to a shrug.

Aeroflex Industries has received approval from the market regulator for its Rs 350 crore Initial Public Offering (IPO). The company has secured a final observation from the Securities and Exchange Board of India (Sebi), which equates to approval. Aeroflex filed its preliminary IPO papers with the regulator in March of this year.

workplaces have to be friendless? Although the office is usually considered a cesspool of competition, ruled by deadlines and the rat race to get into the boss’s good books, it is indeed possible to reach targets like a pro and make some friends in the process!

₹1,877.84 crore, while domestic institutional investors (DIIs) also sold securities for a net total of ₹2.23 crore. The decline was triggered by a sell-off in global markets after Fitch downgraded the US credit rating from AAA to AA+. The downgrade was due to concerns about the US government's rising debt levels and the potential for a recession.

Tata Motors dealerships have started accepting pre-orders for the upcoming Punch CNG variant unofficially, reported HT Auto. To secure a booking, customers need to pay a token amount of ₹21,000. The Punch CNG model was initially showcased at the 2023 Auto Expo and is expected to be equipped with the automaker's twin-cylinder technology.

international flights. But do you need that much time for connections between international flights? Layovers of just 30 minutes can be feasible for domestic flights, especially at small airports where the next flight might be just one gate over. But international layovers are typically far more complicated, and even two hours can be insufficient. Here’s how to book flights with an international layover, and how much time you really need.WAYS TO BOOK A FLIGHT WITH AN INTERNATIONAL LAYOVER Let’s say you’re flying from Houston to Hanoi, Vietnam. There might be no direct flights between those two cities, but you could get there via layover. The most common, least risky way to book international flights necessitating a layover is by searching for flights between your departure and arrival cities. Even with no nonstops available, the airline automatically determines your layover and puts both flights on one reservation. This strategy is ideal for a few reasons:

Nifty had a significant decline on Wednesday's trading session as a result of negative economic data coming out of China, the euro zone, and the US, which prompted caution and had an impact on the risk sentiment. The Nifty 50 index was down 1.05% at 19,526.55, while the S&P BSE Sensex fell 1.02% to 65,782.78. Also, the fear gauge index, India VIX soared and closed 9.67% higher amid negative cues from global markets.

Akasa Air has announced discounts and app-exclusive offers on Wednesday to commemorate a year of its commercial operations. Travellers will get a discount of 15 per cent on flight tickets across 16 domestic destinations on the airline’s network, upon booking through Akasa Air’s app and website.

An Australian medtech start-up with plans to launch its surgical products in the United States has come across fund managers’ radars.

IPO) of SBFC Finance will open for public subscription on August 3. The issue will be available till August 7. The anchor investor allocation will be done later in the day.

Bharat Madan, Whole-time Director & CFO, Escorts Kubota, says coming to railways section, this quarter was slightly higher because there were some better product mixes in this quarter and which clearly will not be there throughout the year. But 16-17% margin this year looks sustainable for the railway business too.Escorts came out with a very strong beat on the margins. What led to that? Secondly, is this sustainable? Do you see further upside on margins?The performance has been great across all three businesses.

Shree Cements Ltd. traded at Rs 24015.55 on BSE at 12:33PM (IST) on Wednesday, down 0.32 per cent. The stock quoted a 52-week low price of Rs 20061.65 and a high of Rs 27013.0.