Inside Financial News
22.10 / 13:03
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Innergex's share price plummets despite consistent revenue growth
Innergex Renewable Energy Inc. has witnessed a significant 66% drop in its share price over the past three years, including a 41% decline in the last year and an additional 33% fall in the recent quarter. The company's inability to generate profits, despite posting a consistent 16% yearly revenue growth during this period, raises questions about its long-term sustainability. According to InvestingPro data, Innergex's adjusted market cap stands at 1290.9M USD, and the company has been trading at a negative P/E ratio of -84.33, which highlights its lack of profitability.
22.10 / 10:25
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Breakout Stocks: How are Bombay Burmah, Angel One and Paytm looking on charts for Monday’s trade?
stocks. Stocks that were in focus include names like Bombay Burmah Trading which was up 20%, Angel One was up more than 6% and Paytm was up nearly 2% to hit a fresh 52-week high. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Kush Ghodasara, CMT, SEBI RA: INH000002137 Bombay Burmah (52-Wk High)
22.10 / 07:51
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Delhi fire: Massive blaze erupts at house near Punjab National Bank. Details here
fire: A fire broke out at a house in Harphool Singh Building near Punjab National Bank (PNB) Subzi Mandi Clock Tower due to an LPG cylinder explosion today. The Delhi Fire Service officials said sixteen people, including six children, were rescued after a fire broke out in a flat in central Delhi's Subzi Mandi area, as reported by PTI.
22.10 / 07:21
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Mohammed Shami and Suryakumar Yadav: India's key players in clash with New Zealand
New Zealand, in a crucial encounter that might determine their passage to the semifinals. In contrast, India has suffered an unexpected blow with the loss of its great all-rounder, Hardik Pandya, who fractured his ankle against Bangladesh and will miss this critical match against New Zealand. With both India and New Zealand registering four wins each in the tournament, the Kiwis currently sit at the summit of the points table due to a superior net run rate, putting India at a disadvantage without Pandya's valuable contributions. Pandya's absence has thrown India's equilibrium into disarray, compelling them to reevaluate their lineup and strategies.
22.10 / 06:49
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September turns out to be a challenging quarter for Indian FMCG players
FMCG industry amid lukewarm consumer demand and a fall in rural consumption. Sticky food inflation and uneven rains in some regions hurt demand during the quarter. Rural demand has continued to be sluggish, and some green shoots, which were visible in the preceding June quarter, seem to have fizzed out in the wake of adverse conditions. In their September quarter earnings commentaries, top FMCG companies like HUL, ITC and Nestle flagged worry over uneven rains, the impact of crop output and rising prices of some commodities (wheat, maida, sugar, potato, coffee, etc). As per ITC's statement, «Consumption demand has been relatively subdued, especially in the value segment and rural markets on the back of sub-par monsoons and persistent Food inflation, which saw a sharp spike during the quarter.» Analysts said that sticky inflation has hit rural demand, which make up more than one-third of FMCG sales, because consumers are still going cautious on discretionary spending. Nestle India's commentary also suggested an «adverse impact on pricing» due to the rain deficit mentioned above. «Uneven rain and rain deficit is expected to impact production of maize, sugar, oilseeds and spices that may have an adverse impact on pricing,» Nestle India said, adding that «coffee continues to be volatile because of the global supply deficit.
22.10 / 04:45
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ICC World Cup 2023: Will Ravindra Jadeja miss the game against New Zealand due to knee injury? Check the latest update
IND vs NZ, World Cup 2023: Batting troubles mount for India with Surya's injury scare, Ishan's bee sting While SKY was hit on the forearm during a throwdown and left the nets in pain on Saturday. Kishan was stung by a honeybee and also left the net practice early. Adding to the already mounting problems for Rohit Sharma and Co.
21.10 / 15:27
21.10 / 14:47
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Many 'pending' works including abrogation of Article 370, implementation of GST, OROP done by our govt: PM Modi
Modi on Saturday said his government did several «pending» works in the last ten years including the abrogation of Article 370, implementation of Goods and Services Tax (GST), one-rank-one-pension (OROP) scheme for the defence forces, banning of triple talaq and the introduction of women's quota in legislatures. He was speaking at the 125th foundation day of Scindia School here. He also released a commemorative postage stamp on the school, which is located inside the Gwalior fort.
21.10 / 11:13
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New-gen Mercedes-Benz E-Class LWB unveiled, set to debut in India next year
2024 Mercedes-Benz E-Class LWB boasts dimensions of 5,092 mm in length, 1,880 mm in width, and 1,493 mm in height, with a wheelbase spanning 3,094 mm. In comparison to its predecessor, it is 18 mm longer and 20 mm wider, with the 15 mm longer wheelbase primarily accounting for the 18 mm length increment. From an exterior perspective, the latest Mercedes-Benz E-Class LWB bears a striking resemblance to the standard wheelbase variant.
21.10 / 06:45
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Yamuna Expressway mishap: 5 dead in road accident near Noida
PTI. Greater Noida police said one was a minor aged 12 while other four of the deceased are aged between 30-40 years.
21.10 / 04:31
20.10 / 22:33
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Reddit Forum Moderators Discard Reward Tokens Hours Before Program Shutdown
Data analyst Pledditor has revealed that three moderators linked to Reddit's cryptocurrency forum sold over 100,000 MOON tokens before its Community Point program shut down.
20.10 / 17:17
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Captain America 4 gets release date update amid actors' strike | Check details
Captain America: Brave New World, the highly anticipated MCU movie, originally slated for a May 3, 2024 release, encountered a shift in its release date. The change was announced during San Diego Comic-Con, relocating the release to July 26, 2024, and accompanying this shift was a title change from New World Order to Brave New World. Amid concerns about delays due to ongoing strikes within the entertainment industry, Brave New World found itself in a state of uncertainty. This included the writers' strike, which had recently concluded, as well as the persistent actors' strike.
20.10 / 15:21
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Inside the ‘civilian war room’ where Israeli volunteers hunt for the prisoners of Hamas
Hamas attack, Sigi Cohen lost contact with her son. All she knew was that he and his girlfriend were at a music festival that Hamas had targeted.But at around 11 a.m. that Saturday, she saw a photo of him in Gaza, and she knew: he was a prisoner of Hamas.The Oct.
20.10 / 14:37
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SP-Congress spat: UPCC president hits back at Akhilesh Yadav
Akhilesh Yadav's outburst over Congress not sharing seats in Madhya Pradesh assembly polls, UPCC president Ajay Rai hit back on Friday saying the SP cannot blame his party as it released its list of candidates before the Congress and was benefiting the BJP by contesting separately. Exposing a rift in the INDIA grouping, Yadav had on Thursday hinted that the Congress could get the same treatment from his party in Uttar Pradesh after it did not leave any seat for the SP in Madhya Pradesh.
20.10 / 14:19
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Galactic Ambitions via Bitcoin Spark, Stellar, and Cosmos
Bitcoin Spark (BTCS) ushers in a paradigm shift in cryptocurrencies by allowing users to rent computing capabilities inside a decentralized network. But what makes this concept innovative, and how does it change standard crypto mining and network participation? The innovative concept of decentralized CPU rental is at the heart of Bitcoin Spark, allowing users to actively participate in the network by contributing their computing resources. Still, the real game changer here is the potential for passive income generation, as participants can rent out their CPU power and earn rewards in exchange.
20.10 / 14:19
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2024
Apple gears up for foldable iPad production in 2024: Report
Apple is making preparations and coordinating with its suppliers for the introduction of its inaugural foldable iPad. According to supply chain insiders, limited-scale production of this foldable iPad is expected to commence by late 2024.
20.10 / 07:09
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Remains of at least 189 people removed from Colorado funeral home, up from 115, officials say
Colorado funeral home, up from an initial estimate of about 115 when the decaying and improperly stored bodies were discovered two weeks ago, officials said Tuesday. The remains were found by authorities responding to a report of an «abhorrent smell» inside a decrepit building at the Return to Nature Funeral Home in the small town of Penrose, about 100 miles (160 kilometers) south of Denver. All the remains were removed from the site as of Oct.
20.10 / 04:13
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Retired Australian architect reminisces 50 years of devotion to Sydney's Opera House
SYDNEY, — Immediately recognisable by its sails glistening over the waters of Sydney Harbour, the UNESCO-listed Sydney Opera House is one of the world's most photographed buildings. Officially opened in 1973 and celebrating its 50th anniversary on Friday, 'The House' as it's affectionately known, has wowed generations of audiences with world-class performances inside one of the greatest architectural structures of the 20th century. Former architect and now part-time tour guide Peter Sekules' appreciation for the Sydney Opera House started as a five-year-old when his parents first took him to see the shiny white sails under construction, inspiring a life-long love of architecture. «I remember this unusual shaped building coming out of the peninsula...because a lot of the buildings and houses I was living in were all squares and rectangles and then there was this very funny shape of a building,» Sekules told Reuters from inside the Sydney Opera House Concert Hall. As part of the 1956 Opera House international design competition, 233 designs were submitted by architects from around the world with Jorn Utzon from Denmark chosen as the winner. Construction began in 1959 with the project meant to take four years to complete, but after Utzon resigned due to a change in government, design differences and a blow out in costs, the structure took 14 years to complete. «When I read some of his inspirations for the Opera House, he said he really wanted to make it a contrast to all the squares and rectangles which I was brought up with and to really make this as a piece of sculpture,» Sekules said.
20.10 / 03:45
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2024
Electric truck maker Rivian says construction on 1st phase of Georgia factory will proceed in 2024
Rivian Automotive has confirmed that it will move ahead with construction on a factory in Georgia early next year
19.10 / 15:32
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What is the Pareto 80/20 rule, and how does it apply to cryptocurrencies?
The Pareto principle emphasizes how crucial it is to identify key players, major cryptocurrency or influential projects.
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