Performer Financial News

The upcoming Lok Sabha Elections in Kerala hold significant importance for both INC and NDA. Rahul Gandhi, the possible face of Congress for the Prime Minister's position, represents the Wayanad constituency of Kerala, emphasizing the state's significance for the party. On the other hand, NDA aims to alter its positioning in Kerala, aspiring to establish a stronger presence in the state during the 2024 General Elections. Kerala boasts the highest voter turnout in comparison to any other state, underscoring the necessity for political parties to connect effectively with its people.

Bullish sentiments and not bottom-up structural fundamentals are driving the rally in PSU stocks, Kotak Institutional Equities said in its latest note, as it highlighted problems in the «euphoric sentiment» surrounding PSU stocks. Even as the headline S&P BSE Sensex gained an impressive 27% over the past 12 months, its peer S&P BSE PSU index (95%) delivered over three-fold returns during the same period.

NEW DELHI : New Delhi: India's economic performance is better than what the headline numbers reveal, with the sharp GDP growth coming amid challenging global macroeconomic conditions, Sanjeev Sanyal, member of Prime Minister Narendra Modi’s Economic Advisory Council, told Mint in an interview. India's higher-than-expected growth of 8.4% during the third quarter of fiscal 2023-24 came without accompanying macroeconomic stresses, he added. Edited excerpts: The latest reading of an 8%-plus growth rate exceeds even the government's expectations.

Kotak Institutional Equities finds the recent rally in the PSU (Public Sector Undertaking) space flawed and advises investors to book profit and exit most of their positions. The brokerage firm, in its March 9 report, pointed out that PSU stocks have rallied without any significant change in their fundamentals as well as without any meaningful reforms.

Yamuna Aarti at Vasudev Ghat, similar to the famous Ganga Aarti in Varanasi. The beautification and restoration work at the ghat is nearing completion, with silt removal currently in progress. Spread over 16 hectares, Vasudev Ghat is part of DDA's initiative to rejuvenate 66 hectares of ghats along the Yamuna riverbank from Wazirabad to the Old Railway Bridge, a TOI report stated. The Lieutenant Governor of Delhi, VK Saxena, is expected to inaugurate Vasudev Ghat on Tuesday. The horticulture, walkway, and restoration work at the ghat are almost complete. The main focus now is on clearing the silt so that the river water can reach the steps constructed at the bank, allowing the Aarti to be performed regularly. An MoU has already been signed with an organization that will conduct the Aarti every evening. Vasudev Ghat is a unique project among the ongoing restoration and rejuvenation projects of the Yamuna floodplains. It not only features green lawns, a 3-km cycling track, and a walking area, but also showcases a historic look with captivating artwork. The landscaping at the ghat has been done in the Charbagh style, incorporating elements like baradaris and chhatris inspired by the adjacent Qudsia Bagh garden.

TEL AVIV—The last email Israeli tech executive Itamar Ben Hemo sent before a bullet ripped through his ribs, diaphragm and intestine was a note to a colleague. Ben Hemo wanted to know how close the startup he founded was to signing on a new client.For weeks, Ben Hemo—an Israeli army reservist who returned to active duty after Hamas’s deadly Oct. 7 attack on southern Israel—had been using breaks in combat to fire up his laptop, messaging investors and working on making his next sales.

₹1,650 per share from ₹2,025 earlier. The brokerage firm believes HDFC Bank is at an inflection point in its journey and while the merger with the mortgage lender Housing Development Finance Corporation (HDFC) does provide long-term benefits, the medium-term poses more challenges than upsides. CLSA warned that HDFC Bank may face twin challenges on deposits - a high ask rate and a tough environment.

Shaitaan Box Office Collection Day 3: Vikas Bahl’s latest Bollywood movie, a supernatural horror-thriller, has stormed the box office and managed to earn ₹53.5 crore net in the domestic market in just three days. The movie, starring Ajay Devgn, R Madhavan, Jyothika, Janki Bodiwala and Anngad Raaj, is the remake of a 2023 Gujarati movie named Vash. As per media reports, the movie was made around ₹65 crore.

education’. The real question is why an employer hires an economics graduate in product design, or a civil engineer in marketing. Michael Spence received the Nobel prize for his Harvard thesis, where he proposed the idea of job market signalling, a foundational concept in labour economics. Here’s how to understand the way employers read signals, and apply this to stand out. Education Individuals acquire credentials or education not necessarily because it will help them contribute directly to work productivity, but because these signal a higher ability to potential employers and help land better jobs. Most valuable education courses have either entry or exit barriers. So, tough entrance exams like JEE, NEET and CAT are a high entry barrier to top institutes, and clearing chartered accountancy exams is a high exit barrier. The tougher the course, the stronger the signal for the job market, and better returns in compensation. A clear hierarchy plays out in course and college selection. It’s no surprise that, on an average, STEM (science, technology, engineering, math) degrees from institutes that are tough to get into, signal higher capability and result in above-average salaries. Use this idea to conduct a cost-benefit analysis of academic qualifications that you choose to pursue.

ABSL Mutual Fund launched a thematic fund, providing investors a way to play the emerging ‘manufacturing’ theme. Fast forward nine years and the investors who stayed the course find the thematic fund’s 12.5% return since inception lower than the broader market return for the respective period. Thematic new fund offers (NFOs) make a tantalising proposition—targeted exposure to specific themes. But do these funds truly perform? Statistically, funds like ABSL Manufacturing that didn’t do well form 36% of the thematic NFOs launched in the past 10 years. A higher 64% have done better than the overall market since launch, an ET Wealth study shows. Game of themes The reason for AMCs coming up with more thematic NFOs in recent years has been largely due to the regulatory cap of a single fund per category. However, funds can have any number of unique themes. Between 2014 and 2017, there were only six thematic equity NFOs (actively managed), but in the 2018-23 period, 55 new funds came into the market. Buoyant markets have helped. With equities giving double-digit returns in four of these six years, thematic funds have easily attracted eyeballs.

investors who are mulling putting money in the government's share sale of NLC India, one of the top stock performers in the past year, on Monday. Concerns over rich valuations of most state-owned companies may keep share gains under check in the near term, they said. Investors could, however, consider purchases of NLC shares on further declines. On the first day of the offer for sale (OFS) on Thursday, the non-retail investor category was subscribed 2.92 times. The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at ₹212 a share. The stock fell 3.3% to ₹219.10 on Thursday.

Himanta Biswa Sarma performed Bhumi Pujan ceremony of 50 MW Solar Project being developed in Sonitpur, Assam by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN. The 50 MW Solar Project is being developed in Sitalmari village, in Barsola Block under Dhekiajuli Revenue Sector in Sonitpur district. It will be built at an estimated cost of Rs. 291 crores. The project will generate 101 million units of green energy in the first year and the cumulative energy generation over a period of 25 years will be about 2,319 million units. The energy generated will be supplied to Assam Power Development Corporation Limited at Rs. 3.92 per unit. Chairperson & Managing Director, SJVN, Geeta Kapur informed that SJVN has set its footprint in Assam and that SJVN Green Energy Limited (SGEL), the renewable arm of SJVN, is developing three solar projects of capacity 200 MW, 70 MW and 50 MW, thus amounting to a total power capacity in the state of 320 MW. Among these, the foundation stone for the 70 MW Solar Project in Dhubri, Assam was laid by the Prime Minister Narendra Modi on March 4, 2024.

Academy Awards ceremony, hosted by Jimmy Kimmel, will be held Sunday, March 10, starting an hour earlier than usual — at 4 p.m. The ceremony will be broadcast live on ABC, and can also be streamed on abc.com and the ABC app by authenticating your provider. It can also be streamed with a subscription to services such as Hulu Live TV and YouTubeTV. See oscars.org/how-to-watch for more information. Happy Oscar-ing! What to Expect at the Oscars Prepare for cinema’s most anticipated and star-studded event of the year as the 96th Academy Awards approaches for an unforgettable night this Sunday.

Mint. These next-generation reforms will go alongside India's aspirational goal of establishing the rupee as a stable currency over the next decade, helping internalize its usage, besides enhancing its global acceptance as a payment mode. Additionally, the bureaucracy must keep pace and meet the demands of the 21st century, Sanyal said, adding that the other major area for reforms would be the legal processes.

Sachin Tendulkar, the demi-god of Indian cricket, on Sunday criticized the way Mumbai batters played against Vidarbha in the final of the Ranji Trophy at the Wankhede Stadium. Tendulkar was left disappointed at the batting performance of Mumbai as the home team suffered a middle-order collapse, which included another flop show from skipper Ajinkya Rahane and Shreyas Iyer despite a strong opening partnership between Prithvi Shaw and Bhupen Lalwani. Prithvi Shaw and Bhupen Lalwani gave Mumbai a strong start with an 81-run stand before Yash Thakur dismissed Lalwani.

showbiz. However, a lot of times, an Oscar win has not been met with a standing ovation, but with disbelief and even outrage. The Oscar history is chockful of wins that have been considered unworthy, shocking, and even controversial! Here’s a list of some of the most controversial Oscar wins!

Mid & Smallcaps are underperforming… 21,983 22,494 2.3% 20,090 20,435 1.7% 17,831 17,996 0.9% 14,965 14,803 -1.1% It is prominent to acknowledge that a good amount of the mid & small caps rally in FY24 was triggered by high inflows from retail investors. Led by both, inflows through MFs and direct investment. SIP inflows were ₹18,800cr for January 2024, up 36% YoY.

England Test coach Brendon McCullum's nickname Baz, fell flat as the tourists capitulated in three days in the fifth and final Test here, helping India secure their 17th straight Test series triumph on home soil. «We just get lost with this term Bazball. The team, the management does not like the term Bazball. They need to look at their own individual performances,» Hussain, who led England in 45 Test matches from 1999 to 2003, wrote in his column for Sky Sports. He added, «Look at the opposition. Like in anything in life, try and learn. Why did we collapse?

«FPI inflows have shown a positive trend as compared to the previous month. Thanks to the recent announcement of Q3 GDP numbers at 8.4 per cent, persistence performance of large Indian corporates being major factors for turning the tide green for the Indian equity market,» Manoj Purohit, Partner and leader — FS Tax, Tax and Regulatory Services, BDO India, said.

Rohit Sharma to retire from limited overs cricket? Indian skipper says ‘I will retire straightaway but..’ To recap, Ashwin was instrumental in troubling the English batting in both innings of the Dharamshala Test, taking 4 wickets in the first innings and a fifer in the second. Ashwin completed his 36th 5-wicket haul with the wicket of Ben Foakes, who had his middle and leg stumps dismantled. Ashwin's stellar performance in his 100th Test meant that he overtook Anil Kumble and Kapil Dev and equalled Muttiah Muralidharnan for the best figures in a 100th Test match.

Toyota Motor. Not long ago, it looked as if Toyota had fallen dangerously behind in electric vehicles. Tesla, the electric car pioneer, has grown rapidly and become the world's most valuable automaker. Seeing Tesla's success, other companies, such as General Motors and Ford Motor, concluded that large numbers of consumers were poised to switch to battery-powered cars and trucks and began investing tens of billions of dollars to catch up. Toyota, however, was more deliberate — or lethargic, its critics would say. It has introduced just two fully electric models in the United States so far, betting that its gas-electric hybrids and plug-in hybrid vehicles, which it has become known for, would remain popular and were sufficient to address climate change for now.