Lowe's Financial News

Covid pandemic. Nationwide, just 52,000 people arrived to mainland China from overseas on trips organized by travel agencies during the first quarter, the latest period for which national data is available, compared with 3.7 million in the first quarter of 2019. As in past years, nearly half of the visitors came from the self-ruled island of Taiwan and the Chinese territories of Hong Kong and Macau, rather than farther-away places like the U.S.

By Shubham Batra and Bansari Mayur Kamdar

Urbanisation could be the main cause behind the prevalence of inflammatory bowel disease (IBD) in India. The disease has increased to more than 5 per cent compared to 0.1 per cent in 2006, according to a study published in The Lancet.

Nifty on Friday bounced back in style with an upside of 135 points to form a small positive candle with minor upper and lower shadow on the daily chart. However, on the weekly chart, a red candle was seen with an upper and long lower wick. The hourly momentum indicator has also reached the equilibrium line indicating that the pullback has matured and can begin a new cycle on the downside, said Nagaraj Shetti of HDFC Securities.

Indigo crossed a significant milestone in its history by reaching 1,900 flights per day on its 17th anniversary. IndiGo's 17th anniversary is a testament to the unwavering support and trust our customers have placed in us, said Pieter Elbers, CEO of IndiGo. “These achievements over the years have been made possible by the unwavering dedication and professionalism of our 6E stars for which I would like to sincerely thank each and every one of them,” he added. The airline has come a long way from launching its inaugural flight in 2006 to etching its name in history on June 19 this year by bagging the largest order in aviation history of 500 A320 aircraft. The order solidified the company’s position as the airline with the biggest order in the industry. IndiGo had unveiled its first A321, a longer version of A320 aircrafts on December 27, 2018. Just a month before this deal, the airline had set a new record with the maximum number of 3 lac customers per day in May.

Kevin Kelly knew his small factory outside San Francisco would soon see demand wilt for the plastic bags it churns out for pre-cut salads and other produce. In the past, he would have swiftly chopped 10% of the workers that run his bag-making machines, or about 15 people. But after struggling to fill jobs during the boom triggered by the COVID-19 pandemic, he didn't this time.

XRP20 is a new token that reimagines Ripple’s XRP for the Ethereum blockchain. Unlike XRP, XRP20 offers stake-to-earn rewards, deflationary tokenomics, and straightforward compatibility with the entire Ethereum ecosystem.

LIC Housing Finance on Thursday reported standalone net profit of Rs 1,324 crore in the April-June quarter, up from Rs 925 crore posted in the year-ago period. The housing finance subsidiary’s standalone total income for the quarter under review stood at Rs 6,747 crore against Rs 5,291 crore — up 27% YoY. The interest income also increased to Rs 6,704 crore from Rs 5,250 crore in the same quarter a year ago.

RSI trending down. ETMarkets has cherry-picked 10 stocks from the pack that were still trading with RSI trending down. Investors use the RSI to gauge potential price reversals and assess a stock's momentum and strength.

Elon Musk, to deny Taiwan access to Starlink. Mr Musk’s other big firm, Tesla, has a large factory in Shanghai. Last year he suggested giving China some control over Taiwan in order to resolve their dispute.

Q1 results today: The State Bank of India (SBI) has declared its quarterly results for April to June 2023 period. The largest Indian commercial bank declared its quarterly earning for Q1FY24 on Friday noon in which it reported 178.25% YoY rise in net profit to ₹16,884 crore. While announcing its Q1 results today, the largest Indian commercial bank reported YoY rise of 24.71% in its net interest income (NII) in April to June 20223 quarter.

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Nilesh Gupta, MD, Vinita Gupta, CEO and Ramesh Swaminathan, Global CFO, Lupin, in conversation with ET Now Pharma major Lupin recorded a consolidated net profit of Rs 453.33 crore for the April-June quarter FY24, as against a consolidated net loss of Rs 86.8 crore reported in the same period a year ago.The India business growth has revived and that too in double digits. What are you seeing coming in there? What were the growth drivers this time around and how to expect growth going forward? Do you think this is sustainable?Nilesh Gupta: We have been lagging a bit. But like we said, from Q2 onwards, we expected to get back to double digit growth and are very happy that it is happening in Q1 itself.

«We are expecting that this low volatility could still continue. So, there has been this tussle which has been going on between the bulls and the bears,» says Gaurang Somaiya, MOFSL.First thing I want to ask about is the volatility in rupee which is at a multi-month low. Now, this is making Indian corporates a bit complacent in terms of the hedging in their currency. Is that what you are seeing? What is your understanding here?Yes, we are seeing a bit of complacency coming in from these Indian corporates and as you correctly mentioned that yes, volatility has been at a multi-year low actually.

Tube Investments of India Ltd. dropped 0.53 per cent to Rs 3040.65 at 02:00PM (IST) in Friday's trade. The stock hit a high of Rs 3079.0 and low of Rs 3008.4 so far during the session.

Bank of Baroda traded 0.39 per cent up at Rs 194.0 at 01:29PM (IST) on Friday, even as BSE benchmark Sensex gained 434.32 points to 65675.0. The scrip had settled at Rs 193.25 in the previous session. The stock quoted a 52-week high price of Rs 210.8 and 52-week low of Rs 113.35, respectively.

Shriram Finance Ltd. gained 0.46 per cent to Rs 1825.9 in Friday's session as of 01:39PM (IST) even as the equity benchmark Sensex traded 373.18 points higher at 65613.86. Earlier in the day, the stock witnessed a gap up start to the session.

India is making avocados look affordable by comparison. Once the fruit of choice for the wealthy and the upper middle class (because who else could afford to spend hundreds of rupees on one unit?) avocados are becoming increasingly popular in some parts of the country. This shift in consumer preference can be attributed to both the decrease in avocado prices and the simultaneous hike in tomato prices.

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.

mutual fund industry is doing. Some of this praise is directed towards you too, dear reader. For your SIP more than anything.

Tata Motors have joined the strike on Thursday," BEST has hired buses on a wet lease model, which means that the private operators are responsible for vehicle ownership, maintenance, fuel and driver costs. The protesting drivers complain that they have not received adequate salary hikes in the last three years, which has made it difficult for them to manage their household expenses.