Booking Financial News
13.07 / 10:19
Booking
CEO
ANZ
Slowdown hurting young renters more than mortgage holders: Comyn
Commonwealth Bank chief executive Matt Comyn says younger people and renters are feeling the sharpest financial stress in Australia, as higher interest rates and inflation start to grind the economy to a near halt.
13.07 / 10:11
Booking
Aware
CEO
Defence ministry, FSSAI to promote use of millets, healthy eating habits among armed forces
New Delhi: The defence ministry and the Food Safety and Standards Authority of India (FSSAI) signed a Memorandum of Understanding (MoU) on Thursday to promote healthy eating practices and ensure availability of safe and nutritious food for the armed forces. “It aims to create awareness about the nutritional benefits of diet diversity and millet-based food products among the personnel.
13.07 / 08:49
Booking
Aware
CEO
Platform
Returns
Former UpGrad CEO Arjun Mohan returns to Byju’s
Arjun Mohan, according to multiple sources aware of the matter. These people said he is heading the international business unit at the firm but may get additional responsibilities as well. While confirming that he is working with the company, Mohan, however, said he has not joined the company 'on this (international business)' role.
13.07 / 08:25
COST
Target
FIVE
Booking
JPMorgan
Strategy
JPMorgan 'overweight' on HDFC Bank after HDFC twins merger; here's why
JPMorgan is positive about HDFC Bank stock after the merger of HDFC twins as the global financial firm recently assigned an 'overweight' rating on the stock, pegging the target price at ₹2,000, citing the merger of HDFC with HDFC Bank is positive from a medium-term perspective. "Following a period of restriction, we are moving to an 'overweight' rating and a March 2024 target price of ₹2,000 from a 'not rated' designation.
13.07 / 08:25
UPS
IPO
Booking
SUN
Utkarsh IPO: Issue subscribed over 10 times on day 2 so far; retail investors steal the show
IPO Subscription Status: The initial public offering (IPO) of Utkarsh Small Finance Bank Ltd was subscribed 10.67 times on Day 2 so far. The public issue that opens for subscription on Wednesday, July 12, ends on Friday, July 14. Retail investors responded enthusiastically to the issue on the second day of the subscription as well.
13.07 / 06:59
Booking
Action
Adventure
Indian
'Mission: Impossible 7 – Dead Reckoning Part One' to be out in Indian theatres tomorrow
Also read: Tom Cruise's Mission Impossible advance booking surges in India, may be his biggest opener; Check details here The release date for the film was initially scheduled for July 23, 2021. However, due to delays caused by the COVID-19 pandemic, the date was pushed multiple times, with the current release date set for July 14, 2023, reported OTT Play While waiting for the film's streaming availability, viewers can still catch "Mission: Impossible 7 – Dead Reckoning Part One" by visiting their local theatres to experience the thrilling action on the big screen.
13.07 / 06:39
UPS
Citi
Booking
Dreams
Salman Rushdie speaks of 'crazy dreams' about knife attack in New York
Salman Rushdie has spoken for the first time about having «crazy dreams» following the near-fatal knife attack on him in New York in August last year, which has left the Mumbai-born author blind in one eye, and working with a therapist to help him process the mental impact of the trauma. The 76-year-old Booker Prize-winning author was on stage almost a year ago when he was stabbed up to 10 times by the suspect Hadi Matar, who is being held in prison for attempted murder. Speaking to the BBC this week, Rushdie said he was in «two minds» about whether to face his alleged attacker, who has pleaded not guilty, in court.
13.07 / 06:39
13.07 / 06:21
UPS
Target
Booking
NIFTY
guidance
For HCL Tech, meeting FY24 guidance could be a tall order
HCL Technologies Ltd posted weak June quarter (Q1FY24) earnings, disappointing on key metrics. In constant currency terms, Q1 revenue fell 1.3% sequentially, missing analysts’ expectations. The company is witnessing consolidation and rationalization of spend in big technology clients which has impacted performance in key verticals such as ER&D, the management said. The total contract value of new deals declined to $1.6 billion in Q1FY24, analysts note that this metric has fallen below the $2 billion mark for the first time in the last eight quarters.
13.07 / 06:21
UPS
Lowe's
Booking
TCS
TCS, Wipro to Infosys: Why IT shares are skyrocketing today — explained
Stock market today: After declaration of improved margins, attrition rate and order inflows during April to June 2023 quarter by Tata Consultancy Services (TCS) and ease in US dollar following ease in US CPI data, Indian IT stock witnessed heavy buying interest in early morning deals. TCS share price ascended ascended to the tune of 3 per cent in early morning session, Infosys shares went up around 3 per cent while Coforge share price added around 2.50 per cent during morning deals.
13.07 / 06:21
Booking
Platform
Mobile
Metro
Delhi Metro's mobile app hits 1.75 lakh downloads
Delhi Metro Rail Corporation (DMRC) last month launched a mobile application for generating convenient and hassle-free mobile-based QR-code tickets. The recently app has garnered over 1.75 lakh downloads, as announced by the DMRC.
13.07 / 06:21
UPS
Citi
Digital
Booking
CEO
Platform
Swiggy enters retail food and grocery segment with LYNK acquisition
FMCG retail distribution company, marking its foray into food and grocery retail market. The company did not disclose the financial details of the deal. Avendus Capital was the sole financial advisor to LYNK and its shareholders on this transaction.
13.07 / 05:31
Booking
CEO
Software
COMPOSITE
Align
TCS
TCS announces annual salary increase, promotions; effective from April: Check details
Tata Consultancy Services (TCS) has taken a step by implementing a salary hike for its employees, despite the impact it will have on the company's operating margin. TCS CFO Samir Seksaria revealed that the annual salary increase, effective from April 1, would result in a 200-basis-point hit on the operating margin, which currently stands at 23.2%. Nevertheless, India's largest software services exporter is confident that improved efficiencies will help offset this impact.
13.07 / 04:39
Booking
Power
1:2 stock split: Multibagger stock Servotech Power Systems sets record date after rising 3200% in two years
Stock split 2023: Shares of Servotech Power Systems Ltd is one of the multibagger stocks that Indian stock market has produced in recent years. This small-cap stock has risen from around ₹5 to ₹165.75 apiece levels, logging near 3200 per cent rise in the last two years.
13.07 / 04:39
COST
UPS
Target
Booking
TCS
SENSEX
TCS shares rise over 1% after Q1 show. Should you buy, sell or hold the stock?
Tata Consultancy Services (TCS) reported a higher-than-estimated June quarter profit on Wednesday, shares of IT major rose over 1%, making it one of the best Sensex performers in Thursday's early trade. While foreign brokerage Nomura maintained a ‘Reduce’ rating on the stock, Motilal Oswal and Nuvama retained their ‘Buy’ stance on the counter. The technology major reported a nearly 17% year-on-year (YoY) rise in consolidated net profit for the June quarter to Rs 11,074 crore.
13.07 / 04:39
UPS
IPO
Provident
Booking
Synoptics Technologies SME IPO: Stock lists flat at ₹238 on NSE SME
₹238 on the NSE SME on Thursday. Synoptics Technologies Ltd opened for public subscription on Friday, June 30 and closed on Wednesday, July 5. The SME IPO of Synoptics Technologies Ltd was subscribed 2.66 times on Day 4. The issue received positive response from retail investors, who's portion set was subscribed 2.54 times, followed by non-institutional bidders (NII) portion set was subscribed 2.58 times, according to data on chittorgarh.com.
13.07 / 02:53
Booking
Amazon
Strategy
Dreams
Banner
'It's always the story': Alia Bhatt reveals her brand investment strategy
Alia Bhatt on Wednesday said the «story» behind the brand is a motivating factor for her and not money. The actor was in the capital to attend the launch of Prime Video's 'Mission Start Ab', a business reality series in partnership with the Office of the Principal Scientific Adviser (PSA) to the Government of India. Alia, also the founder and sole investor of children's clothing brand Ed-a-Mamma, said she will always be a storyteller first.
13.07 / 02:03
UPS
Lowe's
FIVE
Booking
SUN
We still see opportunities both in select large caps and mid, small cap space: Mithun Aswath
«I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets,» says Mithun Aswath, Kivah Advisors.First of all, how are you really approaching the investing landscape right now with the big rally under the belt but then macros and liquidity kind of supportive at the same time? How are you balancing things? I think the current markets FII flows have been quite strong in the last couple of months and in the month of June itself you saw close to $5 billion come into the Indian markets. Despite that the recent up move we do still see opportunities both in select large caps as well as in the mid and small cap space.
13.07 / 02:03
UPS
Booking
TCS
HAL
Should you invest in defence stocks at current levels? Sudip Bandyopadhyay answers
" I think defence has been an excellent area and has given investors great return over the last one-one and a half years. But looking at the valuations at which some of these stocks are currently trading, I would definitely advice caution and tell investors not to get in at these levels," says Sudip Bandyopadhyay, Inditrade CapitalWhat is your take regarding the entire defence pack? Is there any name that still looks attractive despite the run up? I think defence has been an excellent area and has given investors great return over the last one-one and a half years.
13.07 / 01:11
Booking
Auto, pharma, capital goods and NBFCs top picks in June
auto and auto ancillaries, pharmaceuticals, capital goods, and non-banking financial companies (NBFC). Among large-caps, many top fund houses cut exposure to HDFC Bank, while some bought HDFC ahead of its merger with HDFC Bank on July 1.
12.07 / 22:45
UPS
FIVE
Digital
Booking
Platform
Racing
Standard
27 year-old hedge fund manager: I live a pretty standard life
The last time we spoke to Nikita Fadeev, he seemed a potential poster boy for premature burnout. Aged only 26, Fadeev was running Fasanara Digital, a quant crypto hedge fund with 13 employees and $150m of crypto assets under management and in doing so he was working all day and all night. One year later, the assets under management and employee numbers have shrunk (they’re down to $80m and 12 respectively) and so has Fadeev’s risk of burning out.
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