Performer Financial News

The rupee has fallen to a new low of 83.5 against the dollar. This has wide ramifications, making exports lucrative but imports expensive. Mint looks at why the currency is falling, how it impacts everybody and what can RBI do.

BJP, whose 2019 poll record resembled an almost wipe-out, hinting at a more assertive north-south divide in case the saffron party returns to power for its third straight term. However, the poll of opinion polls by NDTV says the BJP might be able to bag two seats in Tamil Nadu, where Prime Minister Narendra Modi made a staggering 10 visits in the past eight weeks. The five southern states of Tamil Nadu, Karnataka, Andhra Pradesh, Kerala, and Telangana, and the union territories of Puducherry and Lakshadweep, constitute India’s most economically prosperous region, according to an Al Jazeera report.

₹17.44 lakh (ex-showroom, India) each, these bikes arrive as Completely Built Units (CBUs), embodying the epitome of Italian performance and design in the mid-range segment. Sharing the same foundation, both the Aprilia RS 660 and Tuono 660 derive power from a 659 cc parallel-twin, liquid-cooled engine.

Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully subscribed to the warrants program by injecting remaining Rs 8,339 crore out of the total Rs 20,000 crore. In October 2022, Ambuja Cements issued warrants totaling Rs 20,000 crore to the Adanis on a preferential basis at Rs 418.8 per share. Initially, the company received Rs 5,000 crore (25% of the warrant issue) as the mandatory upfront payment. On March 28, 2024, the group paid Rs 6,661 crore towards part of the shares' issuance. Currently, the Ambuja Cements stock is trading at Rs 555, a 47% premium over the issue price of Rs 418.8. The stock rallied 88% in the past three months compared to a 17% jump in the benchmark Sensex.

India Ratings and Research (Ind-Ra) has upgraded realty developer Sunteck Realty’s Long-term Issuer Rating to ‘IND AA’ from ‘IND AA-’. The Outlook is Stable. The ratings factor in the strong operational performance that the developer has displayed since 2020-21, and consequent improvement in the scale of operations.

Though the entire crypto market is in the correction phase, traders and investors are not much tensed. Why? That’s because the BTC halving session is near, which will take the market to new heights, according to the historic data after past halvings. Due to this, traders and experts are looking for potential meme coins to invest in. Why? That’s because they are extremely volatile in nature and provide maximum returns as compared to altcoins. One such coin that is circulating the market is BEFE, the upcoming meme king.

Avinash Tiwari, known for his recent film 'Madgaon Express,' has been making headlines in the OTT world. Following the success of his latest release, Tiwari shared intriguing insights and spoke about 'Mirzapur 3' during an interview with BollywoodLife.

«There would not be any experimentation or left-field selections. All those who have played for India and have done well consistently in T20 Internationals and the IPL will be rewarded,» a BCCI source told PTI on conditions of anonymity.

Gautam Gambhir, the mentor of the Kolkata Knight Riders and a former T20 World Cup champion with India, raised queries regarding the exclusive use of Kookaburra balls. He pondered the viability of persisting with a manufacturer incapable of producing a ball that endures for 50 overs, suggesting a potential shift to a different manufacturer. Gautam Gambhir's suggestions come at a time where bowlers find themselves besieged in this season's IPL where many many records, including highest ever total and highest ever runs scored by both the teams have been broken. Adding to the discourse, renowned commentator Harsha Bhogle expressed support for employing Duke balls to provide respite for bowlers in T20 cricket. In a tweet, Bhogle underscored the necessity for equilibrium between bat and ball, particularly in circumstances where pitches offer minimal assistance to bowlers. He advocated for the adoption of Duke balls, highlighting their capacity for greater lateral movement and the impediment they pose to batters' ability to dominate proceedings.

To guide through this last phase, let's delve into some common mistakes to steer clear of and enhance your preparation: The Pitfall of Procrastination: The most significant adversary at this moment might be the temptation to delay revision. Formulate a detailed daily timetable that assigns particular time intervals for concentrated study in every subject – Physics, Chemistry, and Mathematics. Adhering to this timetable becomes crucial. Harness the effectiveness of timers to divide your study sessions and include brief pauses to sustain concentration. Recall, consistency is crucial!

According to the firm's trading update for the financial year and three months to 31 March 2024, UK retail funds and MPS saw the heaviest exit, responsible for 72% of outflows over Q1 and 66% over the full financial year. While positive market and investment performance helped steady the negative impact of flows, the business stands £3.6bn (11.4%) poorer than in April 2023, down to £27.8bn total assets under management and advice. Liontrust share price unresponsive to Artemis merger approach speculation However, over the opening quarter of the calendar year, this positive performan...

The sector has achieved the top position for a third quarter in a row, with eight out of 68 funds (11.8%) delivering a top quartile performance as at 31 March 2024, followed by the IA Global Mixed Bond sector in second place with six out of 71 funds (8.5%). On the other side of the spectrum, the IA £ Corporate Bond and the IA £ Strategic Bond sectors managed to avoid the bottom with one fund achieving the returns target, while all funds in the IA UK Equity Income sector failed to meet this hurdle. The percentage of funds delivering top quartile returns overall fell marginally to 2.7% ...

Infosys is likely to have gone through another tough quarter in terms of earnings growth, as lower sales and weak discretionary spending weighed on the overall performance in the three months ended March. For the quarter ended March, the company’s consolidated revenue is seen dropping 0.4% sequentially, while growing 3.2% year-on-year (YoY) to Rs 38,650 crore, according to the average of estimates given by 10 brokerage firms.

Demat accounts continued to rise at a fast pace with total demat accounts crossing the 15.1 crore mark at the end of March'2024. The demat account additions are likely to have been driven by sharp gains in the indices. The Nifty and Sensex have continued touching fresh highs.

T20 World Cup: Hardik Pandya’s role in the upcoming T20 World Cup was the main topic of discussion at a significant meeting held at the BCCI headquarters in Mumbai last week, as reported by The Indian Express. The meeting involved captain Rohit Sharma, head coach Rahul Dravid, and selection committee chairman Ajit Agarkar. They concluded that Pandya must bowl regularly to be considered for inclusion in the team, the publication added.

India Today. Vikrant said he will also travel to China for the film's promotion. “After a long time, something like this happened.

The South Korean Central Bank is set to “speed up” its CBDC project, and will pilot its digital KRW with a group of 100,000 citizens later this year.

international artists just got a lot more complicated. On April 1, the United States Citizenship and Immigration Services instituted a 250% visa fee increase for global musicians hoping to tour in the U.S. Artists, advocacy groups and immigration lawyers are concerned it could have devastating effects on emerging talent worldwide and local music economies in the U.S.

KPI Green Energy, one of the leading players in the renewable energy sector, have been on an upward roll over the last six months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe. The company, operating in the solar power generation sector, functions as both an independent power producer (IPP) under the 'Solarism' brand and a service provider to captive power producer (CPP) clients. Since November, its shares have witnessed a consistent upward trajectory, delivering an impressive return of 209% to date.

IPL 2024: Ticket prices for the IPL games have surged, especially for teams like Royal Challengers Bengaluru (RCB). The price for a last-minute premium seat at an RCB game can set you back by ₹52,938, as reported by The Indian Express. In contrast, fans who plan ahead can get the cheapest seats for as little as ₹499 at some games.

₹6,013 crore in FY24 led by better demand for its housing projects. The company’s presales in the fourth quarter of FY24 were ₹2,243 crore, the highest ever for a quarter. It registered real estate sales volumes of 7.55 million square feet in FY24 and 2.72 million square feet in Q4FY24.