Lowe's Financial News

Lupin Ltd. traded 1.25 per cent up at Rs 986.0 on Monday at around 11:01AM (IST), while the benchmark BSE Sensex advanced 164.21 points to 66324.41. As many as 7,599 shares changed hands on the counter with a total value of Rs 7453.0 crore.

Work has begun on the largest dam removal project in U.S. history

BEIJING (Reuters) — China's State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the «fundamental role» of consumption in economic development.

Australian nickel and lithium miner IGO posted a 19 per cent jump in fourth quarter earnings, boosted by record production at its flagship Greenbushes lithium mine in Western Australia.

The official manufacturing purchasing managers' index (PMI) — a key measure of factory output — came in at 49.3, below the 50-point mark that separates expansion and contraction, according to the National Bureau of Statistics (NBS). July's reading was slightly higher than June's 49.0 figure and was better than forecasts in a Bloomberg survey. «The overall level of manufacturing prosperity continued to improve,» NBS statistician Zhao Qinghe said in a statement. China is struggling to improve growth as its post-Covid recovery runs out of steam, due in large part to sluggish consumer spending.

“Our journey over the past four years has underscored the strength and potential of quant strategies in the Indian market, fueling our eagerness to witness their transformative impact on PMS,” says Sonam Srivastava, Founder & Fund Manager at Wright Research. In an interview with ETMarkets, Srivastava said: “This move towards technology isn't merely about operational efficiency; it's about reaching unprecedented levels of accuracy and consistency in the inherently unpredictable landscape of financial markets” Edited excerpts: Thanks for being part of the segment. Wright Research is moving from a research firm to PMS – the right extension of the services. Tell us why AI-driven, Quant-based PMS? It's great to be here! Wright Research's evolution into an AI-driven, Quant-based PMS feels like the right next step, in line with our commitment to informed decision-making rooted in data and quantitative analysis.

IDFC First BankIDFC First Bank profit rose 61% YoY to Rs 765 crore in the first quarter. Total income grew 43% to Rs 8,282 crore.NTPCState-owned power producer NTPC reported a 9% rise in net profit to Rs 4,066 crore in Q1.

Also Read: Gift Nifty, rally in Asian markets and US stocks to Japan’s policy tweak - key triggers for Indian stock market today The Nifty rollover was near 84%, which is significantly higher compared to last month and its three months average of 76.87%. The high rollover along with high roll premiums (~181 points) suggests that long positions which were built in July series are getting carried forward into the August series, ICICI Direct said. Nifty declined on Friday, but showed decent upside recovery to close the day off the lows at 19,646.05 level.

Canara Bank expects its mutual fund and insurance joint ventures to apply for their IPOs over the next 18 months as the other shareholders have agreed in principle to the listing plan, its managing director K Satyanarayana Raju has said. In an interview with Atmadip Ray, Raju also said the bank's move to spin off its credit card business will help grow this business by leaps and bounds. Edited excerpts:You earlier told ET that the bank's management decided to list Canara HSBC Life Insurance and Canara Robeco Asset Management. How far have you progressed in this direction? We have spoken to the other shareholders and advised the respective management in these subsidiaries to prepare a road map for listing.

penny stock is a relatively low-price stock which has a low market capitalisation. In India, stocks that trade under Rs.10 fall in this category. 2.

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.

Slatestone Wealth chief market strategist Kenny Polcari shares his market outlook and discusses the impact of ‘Bidenomics’ on ‘Varney & Co.’

Reserve Bank of India has announced that Regional Rural Banks would be given more freedom to mobilise resources and to deploy them within their geographical boundaries. The RBI has highlighted that important forces boosting socio-economic growth are the financial activity of the banking industry. Rural development also means transformation of the rural population.

Trade generics is seeing a lot of action in recent times with the entry of large domestic pharmaceutical companies, who want to expand beyond metros and other top cities where they see potential growth in years to come. Trade generics are branded medicines that are not promoted to physicians but are directly sold through retailers and distributors. In India, trade generics have a market share of 20% by volume and 5-6% by value, according to data and analytics firm IQVIA.

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.

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.

KOLKATA: Former Bengal Chief Minister Buddhadeb Bhattacharjee's condition is critical and he is on ventilator support with Type II respiratory failure, after he was hospitalized on Saturday afternoon. He is suffering from acute lung and lower respiratory tract infection. The former Chief Minister was admitted last afternoon at a premier private hospital Woodlands in Kolkata, following respiratory distress.

BJP is expected to name a new chief for its Karnataka unit in the next few days to lift the morale of workers which has hit a low after the party suffered a massive defeat in the May 10 assembly polls. The party is keen to finish this important task as the Lok Sabha polls are less than a year away, and the ruling Congress has become aggressive across the state after its stupendous electoral win, the party sources said.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: Upgrades for Lam Research and The Trade Desk, and downgrades for Rackspace, Wendy's, and Carvana.

Vande Bharat Express on launch. With a deluge of new routes this year, India now has 25 pairs of Vande Bharat services, 18 of which have been launched in 2023. On most routes, the Vande Bharat has become the go-to option for its amenities and shorter travel time.

Malala Yousafzai donned a pink attire from what seemed like her Barbie movie outing with husband Asser Malik. See the tweet here The movie Barbie released the same day as Christopher Nolan's Oppenheimer on 21 July. The Greta Gerwig directed movie that features Margot Robbie as Barbie and Ryan Gosling as Ken opened to overwhelming response all across the world.