Performer Financial News

Pankaj Tibrewal, Founder & CIO, IKIGAI Asset Manager, says that we need to navigate the next 12 to 18 months with caution and that IKIGAI should be a risk manager instead of a fund manager as managing risk in the portfolio will be extremely important because the earnings growth has started to slow down. Last year, NSE 500 companies delivered 30% earnings growth. But in FY25, that earnings growth should come down to between 13% and 15% for the NSE 500 universe. What are you making of the market construct? For the last eight days, FIIs have been buyers and that is reflected in the way some of the banks and the IT names too have been performing. Pankaj Tibrewal: Our view is that in this raging bull market, the reliance on narratives and myths is increasing rather than focusing on fundamentals, valuations, and numbers.

Anant Ambani and Radhika Merchant sparked a wave of congratulations across the globe. Among the first to join in the celebration was Amul India, which paid a sweet tribute to the newlyweds on social media. The charming post featured a delightful cartoon of the couple sharing slices of bread slathered with Amul butter, aptly dubbing it the 'Ambyaahni wedding' and wishing them a lifetime of happiness with a heartfelt «Jug Jug Jio.» The grand nuptials of Anant Ambani and Radhika Merchant have captivated the world, with digital snapshots flooding social media and Bollywood's elite joining in the revelry. The couple exchanged vows in a ceremony that was nothing short of spectacular, marking the occasion with a series of glittering events that drew the eyes of international stars and Indian luminaries alike.

That is the future being dreamed about by supporters of Vice President Kamala Harris, drawn from a meme referring to one of Harris' favorite expressions: «what can be, unburdened by what has been.» Harris has been criticized throughout her three-plus years in office, with articles examining her management of the border crisis and her struggle to define her tenure in the often-thankless role of vice president. She has proved unpopular enough among voters that she has often not been immediately thought of as President Joe Biden's obvious successor, with Democratic stalwarts often naming governors like Gretchen Whitmer of Michigan and Gavin Newsom of California as more appealing choices.

Vijay Sethupathi's milestone 50th film, 'Maharaja', directed by Nithilan Swaminathan, is gearing up for an OTT release on July 12. Following its release in theaters on June 14, the film has garnered widespread acclaim during its theatrical run and will be available in multiple languages on Netflix. Set in the backdrop of an emotional thriller, 'Maharaja' centers around the enigmatic question: Who is Lakshmi? Vijay Sethupathi delivers a stellar performance in this pivotal role, supported by a talented cast including Natty as a cop, and Anurag Kashyap, Abhirami, Bharathiraja, Munishkanth, and Manikandan in crucial roles. Ajaneesh Loknath's music complements the narrative, while Dinesh Purushothaman's cinematography and Philomin Raj's editing add depth to the storytelling.

The development did little to dim the optimism around the nation’s equities, which are the best performers in Asia in dollar terms after rising over 30% this year on support by the International Monetary Fund. The benchmark KSE-100 index rose as much as 0.7% on Thursday to a fresh record.

Pixel 9 series are gaining momentum. Recent leaks have shed light on the camera specifications of the Pixel 9 Pro, offering a preview of what might be unveiled.According to a Camera FV5 certification reported by 91Mobiles, the Pixel 9 Pro's main camera is expected to feature a 12.5MP sensor.

mutual fund to manage your money. All the money given by investors to the fund is pooled together and invested in various assets, which earn returns for you. However, there are various costs incurred by the fund in managing this large pool of money, and all these expenses are recovered from investors in the form of ‘expense ratio’. It’s expressed as a percentage of assets under management (AUM). The expenses typically comprise the fund managers’ fees, marketing and distribution costs, administration charges, audit fees, brokerage, etc. You don’t pay this fee to the mutual fund separately. Expense ratio is deducted daily from the net asset value (NAV) of the fund before it is published on the AMC website.

capital markets saved the day for Indian investment bankers as they took home hefty bonuses and payouts despite a relatively soft M&A business, company officials and industry sources said, pointing to the IPO frenzy as equity indices surged to records. Bonuses were 150-200% high for top performers in some of the top-rung local I-banks such as Kotak, JM Financial, Axis Capital, Avendus and Veda, among others, sources told ET. A string of IPOs and other capital market offerings helped deal-makers earn an average 10% increase, while a few top performers took home 20-25% more, as companies tried to retain top talent, said industry officials. On the lower end, average bonuses were in 80-100% range, according to estimates.

thematic funds is an equity mutual fund category that received the highest inflows of ₹70,000 crore in the past year. It is now the second-largest category in the equity mutual fund space after flexicap funds. What are Thematic Funds? Thematic funds are a category of MFs that invest at least 80% of their total assets in stocks of a particular theme. Some of the popular themes with investors and launched by fund houses in the recent past are manufacturing, real estate, tourism, energy and automotive, BFSI, and PSU funds. For example, the manufacturing fund is a thematic fund that predominantly invests in a diversified portfolio of sectors like auto and auto ancillaries, capital goods, healthcare, chemicals, oil and gas and consumable fuels.

The hard times continue for REITs in 2024 as a key index continued to flash red in the second quarter.

Nicola Coughlan's performance in the upcoming Christmas special, teased by writer Steven Moffat. Known for her role in Bridgerton, Coughlan was spotted filming in Wales last year for the iconic sci-fi series, with showrunner Russell T Davies confirming her involvement in the 2024 festive episode, as mentioned in a report by Digital Spy. A Heartbreaking Performance Steven Moffat, while remaining tight-lipped about the specifics, hinted at Coughlan's impactful role. «Nicola is wonderful in it. She will break your heart,» Moffat shared in a recent interview with Ireland AM. Despite his enthusiasm, Moffat refrained from divulging further details, adhering to the secrecy surrounding the episode.

Joe Biden's debate performance. Amid the swirling uncertainties, discussions among top Democratic circles are already shifting towards the prospect of Vice President Kamala Harris potentially leading the party's ticket in the upcoming election, CNN reported. Many leading party figures, operatives, and donors are increasingly convinced that Biden's efforts to rejuvenate his campaign may not suffice. Close allies express scepticism about his ability to lead a successful re-election bid, according to CNN's conversations with numerous Democratic politicians and strategists. While Biden often urges not to measure himself against perfection but against the alternative, an expanding contingent within the Democratic ranks is starting to evaluate Harris as a viable alternative.

The youngest son of Mukesh Ambani, Asia’s richest man, has married his longtime girlfriend in what many have dubbed the wedding of the year attended by global celebrities, business tycoons and politicians, highlighting the billionaire’s staggering weal...

As Thursday’s presidential debate reverberated through American politics, most attention focused on President Biden’s faltering performance. But there is another dimension to the story. The debate moved foreign policy to center stage in the presidential race even as it raised the temperature of world politics and increased the chances of more international crises as the U.S.

All India Loco Running Staff Association's South Zone president said Saturday loco drivers handed a memorandum to Leader of the Opposition in the Lok Sabha Rahul Gandhi, blaming poor working conditions for recent train accidents. R Kumaresan, who played a crucial role in organising the interaction between the former Congress president and the loco pilots at the New Delhi railway station on Friday, told PTI that they wanted to bring to Gandhi's attention «serious safety issues» faced by drivers and passengers in the Railways. «Recent accidents, including collisions in Indian Railways, apart from other issues, have brought forth the urgent necessity to resolve the working conditions of loco pilots since it is said that there is human failure,» the association said in the memorandum. Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.

Allied Blenders and Distillers listed on the exchanges on Tuesday with a premium of 14%. The stock debuted at Rs 320 on NSE as against an offer price of Rs 281. The IPO, which was a combination of fresh equity sale of Rs 1,000 crore and an offer for sale (OFS) of 1.77 crore shares, was subscribed over 20 times at close.

Now here’s a shocker. The highly credentialed and highly compensated nonprofit executive who tells businesses to stop focusing on the needs of shareholders doesn’t seem to be a very nice boss. In fact he may treat his employees even worse than he wants businesses to treat their owners and customers.

Commercial real estate is often talked about as a problem for smaller banks, but big banks are emerging with the most evident scars so far. That isn’t how the stock market has behaved. Declining values for offices, apartment complexes or other commercial properties have been a factor weighing on the shares of all banks, but particularly smaller ones.

Nykaa recently outlined a breakeven plan for the fashion segment, which posted an Ebitda loss of ₹101.6 crore in FY24. The company has guided to break even at the Ebitda level by FY26 and clock a mid-single-digit margin in FY27, helped mainly by growth in brand assortment and advertisement revenue.

Biden on Friday said he had «a bad night» and he was «exhausted» and «sick» during his first presidential debate with his Republican rival Donald Trump. He asserted that only the "Lord Almighty" could make him drop out of the race to win the November 5 election. Biden, 81, said this in a television interview, a week after his subpar debate performance in Atlanta on June 27 against Trump, following which some of his own party leaders started urging him to step down and his approval rating plummeted. Seeking his second term from his fellow Americans, Biden alleged that Trump is a pathological liar.

Fathimath Shamnaz Ali Saleem was arrested along with her sister and another person last month in the capital Male and stood down from her post shortly afterwards. Local media reported she was accused of performing «black magic» on President Mohamed Muizzu to win favour from his new administration.