Lowe's Financial News

MUMBAI : ITC Ltd, India’s largest cigarette maker, said its board approved a proposal to separate its hotels business to unlock value and foster focused growth, a move awaited by shareholders for long. Under the new scheme, shareholders of the cigarette-to-hotel major will own 60% of the demerged entity directly and the rest through their shareholding in ITC. The proposed structure disappointed investors, sending the share price plunging 3.87% at the end of trading on Monday.

A large wildfire burning on the Greek island of Rhodes for a fifth day has forced authorities to order an evacuation of four locations including two seaside resorts

Newgen Software Technologies to 1.14% or 800,000 shares in the quarter ending June. The investor also picked up 1.34% stake amounting to 11,26,765 equity shares in Zen Technologies during the reported quarter. Shareholding trend of individual investors reflects in the ‘Shareholding Pattern’ of BSE listed companies on reaching 1% stake or above in the company.

₹17,000 to ₹18,000 now from over ₹20,000 at the start of the year," Pathak said on Monday. This, he said, could lead to “low single-digit growth" in smartphone shipments in the current quarter. However, consumer demand remains tepid.

Kotak Mahindra Bank dampened the sentiment on the D-Street. Nifty ended at 19,672, down 73 points. Furthermore, markets have turned anxious ahead of the FOMC meeting scheduled on July 25-26 that shall offer a clue of the likely policy move, which the US Fed would resort to going forward.Here's how analysts read the market pulse: “Volatility has re-emerged as initial Q1 results are below the expectations.

Ozarks, resulting in injuries to all eight people onboard and significant damage to the house, as reported by Missouri law enforcement. The boat's occupants were thrown from the vessel during the crash, which occurred at the 1.5-mile mark of the main channel, according to the Missouri State Highway Patrol's Twitter statement. The tweet stated, «The boat ran aground and hit a house, causing it to overturn and ejecting all eight passengers”.

Pacific Ocean earmarked for controversial deep sea mineral mining is home to thousands of species unknown to science and more complex than previously understood, according to several new studies. Miners are eyeing an abyssal plain stretching between Hawaii and Mexico, known as the Clarion-Clipperton Zone (CCZ), for the rock-like «nodules» scattered across the seafloor that contain minerals used in clean energy technologies like electric car batteries.

Within weeks, the tsunami-hit Fukushima Daiichi nuclear power plant is expected to start releasing treated radioactive wastewater into the sea, a highly contested plan facing fierce protests in and outside Japan

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By Safiyah Riddle

Ryanair lowered its full-year traffic prediction and said it may need to cut ticket prices to fill seats as passengers become more cost-sensitive.

Upstart financial services challenger Alex Bank is set to go cap in hand to investors for a<a href=«https://www.google.com/url?sa=t&rct=j&q&esrc=» https:> second multi-million dollar capital

Nifty ended 73 points lower. Nifty is currently placed at the immediate support of 10-day EMA at 19,650 levels and the important lower support of 20-day EMA is placed around 19450 levels. The said 20-day EMA has been holding for the past three months and has offered support for Nifty to witness upside bounces from it in the past, said Nagaraj Shetti of HDFC Securities.

Elon Musk founded Space X's Falcon 9 rocket has punched a hole in the Ionosphere, a part of the 10,000 kilometres Atmosphere. One Falcon 9 Rocket launched 22 Starlink satellites to orbit 23 July, Sunday, and landed the returning rocket on a ship at sea, according to reports.  Elon Musk founded Space X's Falcon 9 Rocket is a reusable, two-stage rocket for ‘reliable and safe transport’ of people and payloads into Earth orbit and beyond,  as explained in the company website. The Falcon 9 rocket has conducted 240 launches and 198 landings.

Jammu and Kashmir recently witnessed a surge in infiltration attempts from across the border with over 20 terrorists being eliminated by Army personnel in two months, security experts point to Pakistan's frustration with the successful G20 meeting in Kashmir. The surge in the infiltration from across the LoC gained momentum in May, around the time of the G20 event, and it continued into June and July.

Sector-wise, buying was seen in infra, public sector, and capital goods stocks and selling in FMCG, metals, oil & gas and banks. Stocks that were in focus on Monday include names like ITC (fell nearly 4%), SJVN (rose more than 14% to hit a fresh 52-week high) and Inox Wind (rallied nearly 12%). We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout.

Solana has endured a rough two years of price action after bleeding-out -90% since the previous all-time high (ATH) in November 2021, but as SOL's 2023 recovery rally heads south, could all be over for the major layer-1 blockchain? Find out in this Solana price analysis.

European bonds gained and the euro plunged versus the dollar after a sharp decline in manufacturing and services gauges from the common-currency region fanned concerns about the faltering global economy.  

Abneesh Roy, ED, Nuvama Institutional Equities, “in Q1 also, we expect almost 9% volume growth in cigarette business, which is ahead of most of the other staple companies. For example, HUL, which is a staples company, saw just 3% volume growth. A cigarette company going at 9% is because of the rational tax policy.

Surging food prices accelerated India's annual retail inflation rate in June to 4.81%, above the polled estimate of 4.58%, snapping four months of easing. «Rate cut bets are getting re-priced as markets are now expecting inflation to overshoot above 6% in July and upward pressure in the coming quarter,» said Madhavi Arora, lead economist at financial services firm Emkay Global. «The bet for the first cut has been shifted by at least one quarter to June 2024,» she added.

pound headed for a seventh straight day of losses on Monday against the dollar, its longest losing streak since the onset of the pandemic in 2020, after a survey showed Britain's private sector growing at its slowest pace in six months in July. The S&P Global/CIPS composite Purchasing Managers' Index showed a preliminary reading of 50.7, down from 52.8 in June in the biggest month-on-month drop in 11 months. Although above the 50-level that separates growth from contraction, it was the weakest reading since January.Sterling was last down 0.2% on the day at $1.2827 having touched a session low earlier of $1.2808 after a preliminary survey of UK business activity showed a downturn in British manufacturing deepened, while the service sector also slowed.