Gap Financial News

Lupin Ltd. rose 2.15 per cent to Rs 1058.1 at 01:34PM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.

₹5 trillion. Mortality claims accounted for about 12% of the total claim payout. Policies attaining maturity or getting lapsed or even being surrendered constituted 96% of all the claims and 88% of the total claims outflow.

Ashok Leyland Ltd. traded at Rs 183.05 on BSE at 12:48PM (IST) on Friday, up 1.17 per cent. The stock quoted a 52-week low price of Rs 133.1 and a high of Rs 186.45.

In an advancing world of empowerment talk and increased awareness of personal rights, conversation around one topic has stayed largely hushed, restricted to admissions within close family at most: Sexual harassment at the workplace. Even if little is apparent amid cubicles and cafeterias, the murky truth thrives beneath a shroud of silence. A 2022 report by the International Labour Organization revealed that more than one in five people employed—almost 23%—had experienced violence and harassment at work globally, physical, psychological or sexual.

Nifty formed a bearish candle with a longer lower shadow on the daily charts on Thursday expiry. Now till it holds below 19,420 zones weakness could be seen towards 19,200 and 19,100 zones while hurdles are placed at 19,560 and 19,650 zones, said Chandan Taparia of Motilal Oswal. India VIX was down by 0.84% from 11.27 to 11.18 levels.

The normally irrepressible <a href=«https://twitter.com/HighyieldHarry/status/1686462929254658049?ref_src=» https: style=«color:#0563c1; text-decoration:underline»>finance meme accounts interrupted their stream of humour yesterday, as the terrible news came through that John Castic’s body had been found in Newtown Creek, half a mile away from the Brooklyn Mirage nightclub where he was last seen.  Castic seems to have been a follower of most of the big meme accounts, and apparently occasionally interacted with some of them.  In other words, a completely normal twentysomething banker from New York.

McDowell’s No1 Soda has introduced Yaariverse, which is a metaverse-based platform. 

H-1B visa is a non-immigrant visa category in the United States that allows employers to temporarily employ foreign workers in specialized occupations, typically requiring a higher level of education or technical expertise. It is a popular visa used by US companies to fill skill gaps and attract talented professionals from around the world, contributing to the country's technological and economic growth. H-1B visa holders, often employed in fields such as information technology, engineering, healthcare, and finance, play a crucial role in driving innovation and enhancing productivity. If you hold an H-1B visa, your sponsoring employer is responsible for adhering to specific conditions and obligations set forth by the US government. Non-compliance with these requirements may lead to financial penalties and the potential inability of your employer to sponsor future H-1B visa recipients.

For those frustrated with the lack of existing houses on the market, buying from a builder seems like a simple solution—until it isn’t. Brand-new homes have become more popular in neighborhoods where homeowners are reluctant to put their homes on the market and forgo their low-interest-rate mortgages. New-home sales account for around 15% to 20% of all recent home sales and could reach 30% in some markets, compared with a historical average of 10%, said Lawrence Yun, chief economist at the National Association of Realtors.

Dabur India’s consolidated net profit in the quarter ended June 2023 rose 3.5% to ₹456.6 crore from ₹441 crore in the year-ago period. The FMCG major’s consolidated revenue in Q1FY24 increased 11% to ₹3,130.5 crore from ₹2,822.4 crore, YoY, driven by strong double-digit growth in both HPC and HC businesses. The Q1 revenue growth stands at 13.3% on Constant Currency basis.

Avenue Supermarts Ltd. fell 0.21 per cent to Rs 3704.25 at 12:58PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

₹1,890 apiece on BSE, and Mankind Pharma stock price was hovering near its 52-week high level. Mankind pharma Q1 results posted record quarter in all aspects. Revenues grew 18% year-on-year to ₹2,579 crore, whereas its EBITDA grew 43% to ₹660 crore (EBITDA margins expanded 450 bps to 25.6%).

«Honestly, in percentage terms, it is a 1% dip. We are so used to seeing a 100-point move on the Nifty being such a big thing, over the last decade that these days 200 points is basically close to a percent,» says Gautam Shah, Goldilocks Premium Research.The market first hit a pause button. And yesterday, for the first time after a gap of almost four-four and a half months, it did show signs of some reversal. How should one read into the recent price action? I think it is quite normal.

«First of all, the product prices normally follow with a lag to the crude prices and whenever there is an increase in the crude price, there will be a sudden shot up in the GRMs momentarily because the product prices would not have followed,» says MK Surana, Former CMD, HPCL.First up, your sense of whether the GRMs are going to be sustainable at that level? Where do you see it settling? First of all, the product prices normally follow with a lag to the crude prices and whenever there is an increase in the crude price, there will be a sudden shot up in the GRMs momentarily because the product prices would not have followed. But current GRMs are also a result of the Russian product supplies selling above the cap price right now.

LTIMindtree Ltd. traded at Rs 4859.95 on BSE at 11:57AM (IST) on Thursday, down 0.06 per cent. The stock quoted a 52-week low price of Rs 4120.0 and a high of Rs 5425.0.

Voltas Ltd. traded at Rs 802.05 on BSE at 11:01AM (IST) on Thursday, up 0.09 per cent. The stock quoted a 52-week low price of Rs 737.6 and a high of Rs 1050.55.

Ambuja Cements Ltd. traded at Rs 478.7 on BSE at 10:56AM (IST) on Thursday, up 3.86 per cent from previous close. The scrip quoted a 52-week low price of Rs 315.3 and a high of Rs 598.15.

Marico Ltd. traded at Rs 571.95 on BSE at 10:05AM (IST) on Thursday, up 1.62 per cent from previous close. The stock quoted a 52-week low price of Rs 462.95 and a high of Rs 577.25.

Adani group news: Ambuja Cements Ltd (ACL), a flagship Adani Group company, today announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of ₹5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals.

Premier League striker Harry Kane is not far behind. As the transfer window deadline approaches, Harry Kane remains a player of Tottenham, but it seems unlikely to last much longer as Bayern Munich shows interest. Despite face-to-face talks on Monday, no resolution was reached, and it increasingly looks like a matter of «when» rather than «if» the England international will make the move to Bavaria. The two clubs' valuations still have a significant gap of about £20 million, depending on the deal's terms and structure. However, the fact that there is a gap in valuations is a significant point from the negotiations. Unlike in the past, Tottenham's valuation of Kane is not considered «priceless» anymore, especially with less than a year left on his contract, as per a report in CBS.

New Delhi US chipmaker Advanced Micro Devices’ (AMD) decision to invest $400 million in India isn’t tied to government incentives but rather a vote of confidence in the country’s strong talent pool, said Mark Papermaster, chief technology officer at AMD. In an interview, Papermaster said most of the investment will go towards hiring 3,000 engineers by 2028. He said steps taken by the government to develop semiconductor skills and other initiatives will make India a global talent hub.