Booking Financial News

07.07 / 00:41

COST FIVE Booking Strategy Enterprise BASF Trump India growth a catalyst, local arms trump MNCs

MNCs) are outshining their listed global parents on keenly tracked financial metrics such as rates of top- and bottom-line expansion, profitability and enterprise value, firmly establishing India's world-beating growth credentials. Growth visibility has done enough to burnish the allure of these stocks with investors — both at home and overseas. It is no wonder, therefore, that the India-listed stocks of these MNCs trade at premium valuations relative to their parent entities beset with inevitable growth challenges that mature markets present.

07.07 / 00:31

Digital Booking Gap FPIs net buyers of corporate debt in June, after 7 months

investors turned net purchasers of Indian corporate debt after a gap of seven months, primarily due to a high-yielding Shapoorji Pallonji entity bond issue that drew firm overseas interest. As on June 30, foreign portfolio investment in corporate bonds was at ₹1,04,676 crore, an increase of ₹6,094 crore from May 31, NSDL data showed. June marked the first month since October 2022 in which overseas investors made a net purchase of Indian corporate debt.

06.07 / 23:45

Target Booking SENSEX Time week consolidation Stock Radar: This FMCG giant breaks out from consolidation to hit 52-week highs; time to book profits?

FMCG behemoth Hindustan Unilever hit a fresh 52-week high in July, and the recent breakout from a consolidation suggests that the rally in the stock price may not be over yet.Short-term traders can look to buy the stock now or on marginal dips for a possible target of Rs 2,800 levels in the short term, suggest experts.The stock, which is also a part of the S&P BSE Sensex index, hit a 52-week high of Rs 2,760 on July 6, but witnessed some profit

06.07 / 20:43

UPS MET FIVE Booking Career Wawrinka hopes to avoid being 'killed' by 'perfect' Djokovic at Wimbledon

Stan Wawrinka set up a Wimbledon third-round clash with seven-time champion Novak Djokovic on Thursday, hoping to «not get killed» by a rival he first faced 17 years ago. The 38-year-old Wawrinka, who has won three Grand Slam titles, made the last 32 by seeing off Argentina's 29th seed Tomas Martin Etcheverry 6-3, 4-6, 6-4, 6-2. It will be his first time in the third round at the All England Club since 2015, when he went on to make the quarter-finals.

06.07 / 19:05

Facebook UPS Provident Booking PwC How Uber, Facebook used PwC schemes to beat tax crackdown

US tech giants Uber and Facebook set up new company structures to sidestep Australia’s multinational tax avoidance law using PwC advice, days before the legislation came into effect in January 2016.

06.07 / 18:35

UPS FIVE Booking NIFTY Macrotech Developers sets strong foundation for the new fiscal year

Macrotech Developers Ltd (Lodha) impressed the Street with its robust pre-sales or bookings for the June quarter (Q1FY24). Bookings grew by 17% year-on-year to ₹3,353 crore, also the highest Q1 number delivered by the company. Lodha has now achieved 23% of its FY24 pre-sales guidance of ₹14,500 crore in the first quarter.

06.07 / 18:35

UPS Waves Booking Monolithic Viatris ‘Biocon Biologics ahead of plan in integrating Viatris’

MUMBAI : Biocon Biologics Ltd, the biosimilar unit of drugmaker Biocon Ltd, has achieved a third of its post-deal integration with Viatris’s global biosimilar portfolio ahead of time and expects to focus on integrating its US and European operations in the next phase, chief executive Shreehas Tambe said, adding the company also expects to raise additional capital this year. “Earlier, we had guided two years for the whole transition. A good part is the first wave has come way ahead of plan and is a good indicator of where we are headed," Tambe said.

06.07 / 14:29

Citi Provident Booking Ripple Maxim rights Human rights groups raise concern as George Soros' OSF plans to lay off 40% of its staff globally

The human rights groups are concerned about Open Society Foundations (OSF) plans to lay off 40% of their global staff — the nonprofit's second major cut in three years — as billionaire investor George Soros, 92, hands over reins of his multi-billion dollar OSF to his son Alexander Soros, reported AP. “We are most concerned for social justice movements, which now have to wait for the impact on their sustainability," reported AP quoting Kellea Miller, executive director of the Human Rights Funders Network.

06.07 / 14:25

UPS Target Booking SENSEX AVP share price HDFC Bank share price underperforms Sensex post-merger; what should you do?

HDFC Bank have been witnessing some profit booking in July so far after they witnessed a decent gain of about 6 per cent in June ahead of the merger of HDFC with it. In July so far, the stock is down nearly 2 per cent against a 2 per cent gain in equity benchmark Sensex. However, most analysts and brokerage firms remain upbeat about the stock for the medium to long term as they believe the merger of HDFC and HDFC Bank is synergistic.

06.07 / 14:19

UPS Booking Platform Discover ‘The Kid’, ‘Happy Together’, ‘The Idiots’: Konkana Sen Sharma curates 7 classics for MUBI

Konkona Sen Sharma who says her mother would not let her watch too many Hindi films and she therefore had great exposure to world cinema. Konkona, the daughter of filmmaker Aparna Sen and writer Mukul Sharma, has distilled her most favourite cinema experiences in a list of seven films she has curated for streaming platform MUBI. The films — Charlie Chaplin's 'The Kid' (1921), Carla Simon's 'Summer 1993' (2017), Wong Kar-wai's 'Happy Together"'(1997), Lynne Ramsay's 'We Need To Talk About Kevin' (2011), Lars von Trier's 'The Idiots'(1998) and the actor's childhood favourites, Francois Truffaut's 'Jules and Jim' (1962) and 'The 400 Blows' (1959) — became available on MUBI under the 'Hand-Picked By Konkona Sen Sharma' section from Thursday.

06.07 / 14:15

UPS Citi Booking Gap Airlines Virgin pips Qantas on major cities, mining towns keep demand strong

Robust travel demand in and out of mining towns is offsetting weaker domestic demand from business passengers in major cities on the east coast where Virgin has overtaken Qantas.

06.07 / 14:15

UPS Provident Booking Interface Fine Mystery trader in Openmarkets’ record-setting ASIC fine revealed

Sydney-based trader, Philip Tauberman, is the mystery “client” at the centre of a record $4.5 million penalty handed down by ASIC’s markets disciplinary panel to Openmarkets on Thursday morning, Street Talk can reveal.

06.07 / 14:15

COST Citi Booking JPMorgan Action Morningstar analysts class action AMP class action damages could exceed $100m, analysts suggest

AMP could be on the hook for north of $100 million in damages after itlost a class action over its controversial financial adviser payout proposal, with the market expecting the issue could lower capital returns for years.

06.07 / 12:43

Booking Volkswagen Volkswagen India announces monsoon service camp: Dates, offers and other benefits

Volkswagen Passenger Cars India, said “Through the monsoon campaign, we aim to reiterate the importance of pre-monsoon maintenance care that is needed to ensure customer and vehicle safety owing to the tough driving conditions that the season brings." During the campaign, Volkswagen owners can avail complimentary 40-point checkup of their vehicle. The check-up will assess whether the car requires any maintenance and repair services, thus helping in avoiding any potential breakdowns.

06.07 / 12:21

Lowe's Target Booking Action Dreams Breakout Stocks: How CEAT, PNC Infratech and IOC are looking on charts for Friday

Sector-wise, buying was seen in utilities, realty, oil & gas, and power stocks while some profit booking was seen in the IT space. Stocks that were in focus include names like CEAT, which rallied more than 19%; PNC Infratech gained nearly 5%, and India Oil Corporation that closed with gains of over 3% to hit fresh 52-week highs on Thursday.

06.07 / 11:31

COST Provident Booking PM Modi to flag off Gorakhpur-Lucknow Vande Bharat Express tomorrow

Prime Minister Narendra Modi will flag off the Gorakhpur-Lucknow Vande Bharat Express on Friday from Gorakhpur around 3:40 pm. The train will run six days a week, barring Saturdays, with a little over 550 passengers, reported PTI, citing officials on Thursday. On Friday, the semi-high speed train will begin its journey from Gorakhpur following the inauguration and reach Lucknow Junction via halts at Sahjanwa, Khalilabad, Basti, Babhnan, Mankapur, Ayodhya and Barabanki, they said.

06.07 / 10:09

Booking Disney Manufacturing Gap Time small-cap Small-cap stock Iris Clothings hits life-time high after rallying 250% in two years

Multibagger stock: Iris Clothings shares are one of the multibagger stocks that Indian stock market has produced in recent years. However, it seems that the small-cap stock still has much steam left. This multibagger stock today opened with an upside gap and went on to hit intraday high of ₹448 apiece on NSE, which is now its new life-time high on NSE.

06.07 / 08:41

UPS MET Booking Man WATCH: CM Shivraj Singh Chouhan meets tribal man urinated on, washes his feet

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday washed the feet of Dashmat Rawat, the man who was seen being urinated on in a viral video from Sidhi, at CM House in Bhopal. The accused, identified as Pravesh Shukla, has been arrested and booked under IPC sections as well as the National Security Act.

06.07 / 08:41

IPO Booking ₹80 to ₹805: Multibagger NSE SME IPO gives 900% return to allottees in two years

Multibagger stock: The initial public offering (IPO) of Network People Services Technologies (NPST) Limited was launched in July 2021 at a price band of ₹76 to ₹80. The book build issue was proposed for listing on NSE SME exchange and the stock listed on 10th August 2021 at ₹83.95 apiece, giving near 5 per cent listing premium to the lucky allottees.

06.07 / 08:33

UPS Lowe's Booking NIFTY fall Varun Beverages shares fall 1.58 per cent in Thursday's trading session

Varun Beverages Ltd. fell 1.58 per cent to Rs 812.65 in Thursday's trade as of 01:34PM (IST) even as the benchmark Nifty ruled at 19455.0, up 56.5 points. The scrip had closed at Rs 825.7 in the previous session.

06.07 / 08:33

UPS Target Booking NIFTY Uncharted bank stocks 2 PSU bank stocks Rahul Sharma is bullish on for next 3 months

«This time around because the broader market participation is there, because leadership or sector rotation is coming in from different segments of the market, we feel that there is more upside to be had,» says Rahul Sharma, JM Financial Services.The data seem to be suggesting that liquidity is ample. What about the F&O side, especially the FIIs on Nifty futures, what kind of levels are you seeing?It is the FII long regression which is seen on the index futures. The kind of long position that they have seen clearly indicates that markets are in the bull grip led by the FIIs.

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