COST Financial News

“Our outlook favours small-cap stocks over mid- and large-caps. This is because the comparative valuation is compelling and small caps are trading near the long-term averages, while mid & large are substantially above the average,” says Satish Menon, Executive Director at Geojit Financial Services. In an interview with ETMarkets, Menon said: “Small companies generally benefit from a lag effect, hence, demand and operating margin are forecasted to benefit in the next 1 to 2 quarters” Edited excerpts:We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 mark. Is this too good to be true and we are running ahead of fundamentals? We find no evidence of over-optimism in the domestic stock market.

Smart cities and infrastructure engineering business LVX Global is gearing up to take a run at the bourse, seeking to raise up to $5 million in a pre-IPO capital raising.

Marico Ltd, a leading FMCG company in India, reported a significant 15% rise in its consolidated net profit, reaching ₹436 crore for the first quarter ending on June 30, 2024. This marks a notable improvement compared to the ₹377 crore net profit posted in the same April-June quarter of the previous year, as stated in the regulatory filing by Marico.However, the company experienced a decline in its revenue from operations, which decreased by 3.16% to ₹2,477 crore during the current quarter, compared to ₹2,558 crore recorded in the corresponding period a year ago.Marico attributed the growth in its gross margin to surpassing internal expectations, expanding by 494 basis points (bps) year-on-year and 257 bps sequentially.

Bloomberg's Mark Gunman, Apple has been working for years to create an iPhone without borders around the display or cutouts for cameras and sensors. The report notes that Apple has been trying to extend the display size since the launch of the iPhone X in 2017 and in later iterations the company has been working on reducing the notch size until eventually replacing it with the Dynamic Island design last year.

tomatoes. This was evident on Sunday when the wholesale cost of the vegetable reached ₹200 per kilogram in the state capital and several towns. As reported by IANS, “The scarcity of tomatoes at the Koyambedu wholesale market in Chennai is the primary factor responsible for the steep surge in prices", said P.V.

inflation data from across the region this week. US markets ending higher on Friday also improved sentiment. China is set to release its July purchasing managers index on Monday, while the US ISM surveys on manufacturing and services, the July payrolls report and European inflation due this week will also be eyed.

Bloomberg, the figures are set to be disclosed in a filing on Monday, as per anonymous sources familiar with the matter. The significant amount of $40.2 million spent on legal costs by Donald Trump's political action committee, Save America, has led to the PAC requesting a refund of a $60 million contribution it previously made to another group supporting Trump. This development indicates a potential financial crisis for the campaign, as reported by The New York Times on Saturday.

Investing.com-- Gold prices kept to a tight range on Monday as investors awaited more major cues on the U.S. economy this week, while copper prices were muted ahead of key economic data from major importer China. 

The private sector bank reported good numbers in the first quarter of 2023-24, with improvement in net interest income, healthy loan growth, lower credit costs and a decline in provisions. The reported net profit of `2,124.5 crore grew 30% y-o-y and was 1.6% higher than the consensus estimates of analysts compiled by Reuters-Refinitiv.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 4 OCTOBER 1999CATEGORY EQUITYTYPE ELSSAUM* Rs.5,029 croreBENCHMARK NIFTY 500 TOTAL RETURN INDEXWHAT IT COSTS NAV** GROWTH OPTION Rs.1,008.54IDCW** Rs.52.17MINIMUM INVESTMENT Rs.500MINIMUM SIP AMOUNT Rs.500EXPENSE RATIO* (%) 1.83*AS ON 30 JUNE 2023 **AS ON 25 JULY 2023FUND MANAGER ANAND RADHAKRISHNAN / R.

SIP (systematic investment plan) is turning into a behemoth. Retail investors with small ticket sizes continue to plough big money into mutual funds in auto-pilot mode. As per the data from the Association of Mutual Funds in India, new SIP registrations for the month of June hit a record high of 27.8 lakh, taking the total SIP accounts to 6.7 crore.

By Leika Kihara

By Sinead Cruise, Lucy Raitano and Lewis Jackson

ClimateDepot.com publisher Marc Morano argues mainstream media is skewing temperature data to make it an issue on climate change on ‘Varney & Co.’

WASHINGTON (Reuters) — Former U.S. President Donald Trump's political action committee is expected to report on Monday that it has spent about $40 million in legal fees in the first half of 2023 to defend Trump and his advisers, among others, the Washington Post reported.

ABUJA (Reuters) — Nigeria's President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy of a letter from the president showed on Sunday.

Fairstreet Sports, the India commercial rights partner of Dorna Sports, intends to invest more than Rs 250 crore in the organisation of MotoGP Bharat, with expectations of a positive impact on the local economy of over Rs 950 crore, said Pushkar Nath Srivastava, Founder and COO, Fairstreet Sports. «In the first year, we anticipate MotoGP Bharat to have an average economic impact of Rs 962 crore, on Greater Noida and Delhi-NCR,» said Srivastava. He added that the event will create thousands of temporary jobs in addition to bringing in a large influx of domestic and foreign tourists. Fairstreet Sports has bagged the India rights from Dorna Sports, S.L. which is the commercial rights' holder for the motorcycling sport of Grand Prix racing. The investment includes the commercial rights fee payable to Dorna as well as infrastructure and logistics.

MUMBAI : DOMS Industries, India’s second-largest pencil maker, is set to file draft papers for a ₹1,200 crore initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) in the second week of August, two investment bankers aware of the development said. Italy’s F.I.L.A. Group, which owns a 51% stake in DOMS, plans to offer shares worth ₹800 crore in the issue.

Home loan interest rates charged by the major banks to new borrowers are outpacing official cash rate increases, as lenders shift from writing mortgages at below the cost of capital to safeguarding profits and dividends.

NEW DELHI : Corporate earnings in the June quarter met and, in many cases, exceeded market expectations, showed an analysis of 456 companies that have declared results so far. The aggregate net profit and revenue of these companies grew 32% and 7.88% from a year earlier, with profit growing at the fastest pace in eight quarters. Earnings are panning out mostly on expected lines with excellent performance from banks and weak guidance from the information technology (IT) sector, said V.K.

Quadrant Private Equity is chasing debt investors to stock up on dry powder for its construction supplies business Jaybro, which recently crossed $450 million in annual revenue.