Performer Financial News

Brazilian Supreme Court Justice Alexandre de Moraes on Sunday opened an inquiry into Elon Musk for obstruction of justice involving social media company X, according to a court document. Musk is challenging a decision by Moraes ordering his social media platform X to block certain accounts.

SPIVA) India Scorecard. It shows that a large chunk of actively managed Indian equity mutual funds underperformed their benchmarks. Many advocate for lowercost index funds and ETFs citing such studies. However, investors should understand that knee-jerk reactions concerning long-term investment plans are best avoided. Ultimately, the choice of active, passive, or both should be determined by individual preferences. Most active funds lagging Active equity funds rely on managers’ decisions, while passive funds attempt to track indices efficiently. As per SPIVA, five out of 10 large-cap funds underperformed the S&P BSE 100, while over 73% of mid- and smallcap schemes lagged the S&P BSE 400 MidSmallCap in 2023. ELSS funds did better, with 30% underperforming the S&P BSE 200. Longer-term data (see table) reveals various nuances about the frequency of underperformance.

BENGALURU : Andrew Feldman, co-founder and CEO of US-based Cerebras Systems, which last month released what it touts as the world's largest and fastest artificial intelligence (AI) ‘chip’ with 4 trillion transistors, insists that while AI is not a silver bullet, it can certainly solve many of the world’s problems. In a video interview from his US office, Feldman spoke about areas where his company’s third-generation wafer-scale AI accelerator—the CS-3—scores over Nvidia's graphics processing units (GPUs). He also shared his thoughts on how India can leverage AI and Generative AI (GenAI) tools, and whether GenAI is being oversold, among other things.

₹12.8 crore. This came amid December emerging as the highest grossing month of 2023, thanks to Bollywood superhit Animal, which grossed over ₹650 crore, while other notable releases included Salaar ( ₹480 crore), Dunki ( ₹270 crore) and Sam Bahadur ( ₹110 crore). However, Q4 did not have such box office successes.

Epic Games has silently rolled out an update to Fortnite on April 5, bringing significant changes to the game's meta. These changes include adjustments to weapons like the Waterbending Scroll, Frenzy Shotgun and Chains of Hades, as per a Dexerto report.

Larian Studios has rolled out Hotfix 24 for Baldur’s Gate 3, addressing critical bugs and performance issues across all platforms. Here’s a detailed look at what the latest update entails, as per a Dexerto report.

Mumbai Indians' captain Hardik Pandya finally received some reprieve from the unending booing he had been subjected to in the last few days, during Sunday's IPL clash against Delhi Capitals at the Wankhede Stadium in Mumbai. Pandya had faced hostility from crowds in previous matches at different stadiums, including Narendra Modi Stadium in Ahmedabad and Rajiv Gandhi International Stadium in Hyderabad. The 29-year-old had been under scrutiny both in person and on social media after his return to Mumbai Indians as captain, replacing Rohit Sharma. During Mumbai Indians' previous home game against Rajasthan Royals, Pandya faced continuous booing, prompting former cricketer Sanjay Manjrekar to appeal to fans for restraint.

Invincible Season 2 concludes, fans are eagerly anticipating the release of Season 3. With production well underway, here's everything we know about the upcoming season.

Romario Shepherd made headlines on Sunday by slamming 39 runs in just 10 balls during an Indian Premier League match at Wankhede Stadium in Mumbai, helping the Mumbai Indians register their first victory of this year's IPL season. Shepherd went berserk in the final over, smashing a boundary on each delivery. After finding the fence on the first delivery, he showed his ruthless power by hitting three consecutive sixes off the first three deliveries, leaving Nortje clueless. Another four and a six to end the innings powered MI to 234/5. His swashbuckling performance was crucial in the Mumbai Indians' victory. MI went on to register their first victory in the IPL season, defeating the Delhi Capitals by 29 runs.

Somvati Amavasya Significance Somvati Amavasya is dedicated to worship ancestors or forefathers and hence people are advised to use it to get rid of Pitru Dosha. Hence on this day, people go for a holy dip in the Ganga and perform rituals like hawan and yajna, charity, feeding animals, reciting mantras, and more.

‘Kharge exposed Modi-Shah game plan’, Congress hits back at BJP Varnerkar's respect for Prime Minister Modi is to such an extent that he even built a temple dedicated to the PM Modi in his home. He regularly performs prayers in Modi's honour in that temple. Prime Minister Modi has expressed confidence in winning the national election for the third time on the trot.

IPL season. The second-highest scorer for Mumbai in 2023 was Ishan Kishan (454). Tilak Varma tops the list for Mumbai with 121 runs with a striking rate of 147.56, accompanied by three 4s and nine 6s.

₹110,000 to ₹144,000, ex-showroom, inclusive of government incentives, the Ather Rizta has a proportioned seat to accommodate two passengers, and a spacious flat floorboard. The company's TVS iQube, meanwhile, is priced at ₹136,000 and higher. “When we launched the Ather 450S, we thought price was the big hiccup preventing us from selling more," Mehta said.

Lok Sabha polls 2024 is a litmus test for AIADMK chief Edappadi K Palaniswami as the party's electoral performance will have a considerable bearing in improving the fortunes of the outfit two years later when the state will go for Assembly polls. When Palaniswami, who expelled his former colleague and ex-Chief Minister O Panneerselvam from the party in 2022, it was the beginning of several other steps that followed to cement his position as the undisputed party chief and partly to prepare the AIADMK for the 2026 Assembly election. By snapping ties with the BJP in September last year, the AIADMK expected at least a couple of DMK's allies including the Viduthalai Chiruthaigal Katchi to join the alliance led by it. However, that did not materialise and Palaniswami who often spoke of a «mega alliance» for the LS polls could only cobble up an alliance with Desiya Murpokku Dravida Kazhagam founded by the late actor-politician 'Captain' Vijayakanth and a couple of smaller outfits.

₹4,275 crore. Bharti Airtel's subsidiary company was subscribed over 30 times. “A major catalyst fueling optimism in the primary market and brightening the outlook for upcoming listings is the push to unlock value.

IPL. However, his unbeaten 113 was all in vain as Bengaluru’s 183/3 in 20 overs was not enough to stop Rajasthan Royals (RR) at home. Jos Butler became the second player in IPL history, after KL Rahul, to score a century in his 100th appearance.

Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said. Heathrow, Britain's busiest airport, said no passenger injuries had been reported and it did not anticipate any ongoing impact to the airport's operations.

NEW DELHI : Banks not recognizing any interest income on bad loans by following RBI’s prudential norms does not absolve borrowers from the obligation to show the interest liability on their financial statements, audit regulator National Financial Reporting Authority (NFRA) said in a regulatory order. NFRA said defaulters are not free of the obligation to recognise interest liability as banks are required to maintain a record of accrued interest on bad loans and do not release the borrower from the contractual liability to pay interest.

Mirabai Chanu, the esteemed Indian women weightlifter, has made a resounding comeback to the competitive weightlifting scene. Her remarkable performance at the IWF (International Weightlifting Federation) World Cup 2024 not only marked her return to the sport but also secured her qualification for the prestigious Paris 2024 Olympics. The 29-year-old Manipuri weightlifter sensation finished third in Group B of the women's 49kg (and 11th overall) at the IWF World Cup to book her berth at the Paris Games. Mirabai's path to Paris was paved with dedication and perseverance as she adhered to the rigorous qualification criteria set by the IWF. Her participation in at least five major events, including the World Championships and the 2024 World Cup, ensured her eligibility for the Olympic stage. Currently ranked second in the Olympic Qualification Rankings (OQR), Mirabai's return to form signals her readiness for the upcoming challenge.

Wipro Chief Executive Officer and Managing Director. He will be succeeded by Srinivas Pallia, who has spent nearly three decades with Wipro. Till now he was the CEO for the company's Americas 1 area, said the company in its BSE filing on Saturday.

Vistara citied "various operational reasons" and "high utilisation of resources" as a cause of the cancellations and delays. In a statement, Vinod Kannan said the situation has already improved with its on-time performance improving for the last three days. "We hope to stabilise our operations for the rest of April 2024 by this weekend." Referring to the new contract for pilots, the CEO of the airline with 1,000 pilots, said “over 98 per cent of pilots have signed the new contract", however some pilots have some concerns and queries regarding the contract.