Performer Financial News

The resurgence of Global Capability Centers (GCCs) has helped demand for Grade A office spaces make a comeback. This has meant an improved leasing trajectory for office asset owners, who have been grappling with muted demand lately. In a spillover effect of challenges facing the Indian IT sector, leasing took a beating given that technology companies have been top contributing tenants for Grade A offices until recently.

Jimeet Modi, founder and CEO of SAMCO Group expects high volatility ahead of the General Elections. He says Investors must stay light ahead of the election and may even consider diversifying their portfolios into other assets like gold and debt. In an interview with Mint, Modi said there are pockets of overvaluation in defence, engineering, railways and infrastructure segments while defensives like pharma and FMCG sectors offer considerable safety in terms of volatility.

By Lewis Krauskopf and Noel Randewich

₹814 per share during today's trading session, amid a strong surge in volumes, marks the end of the stock's two-day decline. By 10:15 a.m., a total of 3.2 lakh shares were traded on both the NSE and BSE.

Graphite India and HEG share prices rose more than 6% in morning trades on Thursday. The share prices already have already risen 68-78% in a year as both stocks scaled 52-week highs in first week of the current month. Graphite India and HEG ltd though are seeing volume growth as was visible in their quarterly performance during December quarter, all eyes are on the improvement in operating performance that can lift their earnings.

Investing.com-- Japan’s Nikkei 225 index hit an intraday record high on Thursday, buoyed chiefly by gains in the technology sector as hype over artificial intelligence spurred a rally in major chip stocks.

By Ankur Banerjee and Rae Wee

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says “Asian Paints and Berger a few months back were the most expensive paint stocks globally. That was because of the resilient performance they have been giving and the growth in the Indian market because paints have been a very steady growth segment. But in the current context where a large player is making an entry, while Asian Paints and Berger would not, die out or lose massive market shares, but some advertising, realignment in incentives to distributors in some credit period and some other similar things cannot be ruled out. If that happens, definitely there could be some breaks in the margins or the earning trajectory in the near term.” What kind of impact are you expecting with the entry of Grasim in the paints space and what are you waiting to hear from the management? Amnish Aggarwal: Paints has been a sector where the entry of new players is not happening for the first time.

Vishwakarma Jayanti 2024, an auspicious occasion revered by Hindus nationwide. Celebrated on the thirteenth day of the bright half of the Magha month in the Hindu calendar, Vishwakarma Jayanti honors Lord Vishwakarma, revered as the primordial architect and engineer of the universe. This day holds profound significance as devotees gather at workplaces, including factories, shops, and other establishments, to pay homage to the divine creator.

Investing.com-- Japan’s Nikkei 225 index opened above its record closing high on Thursday, and remained within sight of new intraday peaks as hype over artificial intelligence drove strong gains in the technology sector. 

IM Capitals announced their Q3 FY24 results on 20 Feb, 2024, showcasing impressive growth in both revenue and profit. The company's revenue surged by 653.75% year-over-year, while the profit saw a remarkable increase of 2227.97% compared to the same period last year.

The recent bullish crypto market performance has transformed investor outlooks and activity. Impressive price rises by Polygon (MATIC) and Uniswap (UNI) have encouraged investors to purchase the tokens.

Olivia Rodrigo is embarking on a tour to promote her album and the Grammy-winning pop star's Guts World Tour has sold out. This happened even after organisers had announced additional tour dates. Rodrigo's world tour will cover Los Angeles, London, Seattle, and San Francisco, according to a report in The Hollywood Reporter. Olivia Rodrigo's world tour tickets can be purchased from SeatGeek, GameTime, Ticket Liquidator, StubHub, VividSeats, and Ticket Network. More tickets will be distributed by Ticketmaster. These tickets will worth $20 tickets, as per the report.

Taylor Swift enjoys a day exploring Sydney Zoo as part of her pre-show activities before kicking off her highly anticipated Eras Tour performances, as per PageSix report. The artist, who has won 14 Grammy Awards, is reported to have shown a special interest in the Tasmanian devils during her visit to the Greater Western Sydney zoo, situated approximately 40 minutes from the city center.

In late January, Eli Lilly (NYSE:LLY) weight-loss drugs helped the Indianapolis-based drugmaker replace Tesla (NASDAQ:TSLA) from the Magnificent 7.

Thomas Tuchel is parting ways with Bayern Munich, shouldering the responsibility for a disappointing season. However, the players have also been put on notice. On Wednesday, Bayern announced that Tuchel would depart from the club at the end of the season, following a string of three consecutive losses that threatened to culminate in the club's first trophyless campaign in over a decade.

Wipro Ltd on Wednesday disclosed a new deal with US chipmaker, Intel Foundry. The deal with the chip development division of Intel will further see Wipro engineers work on Intel’s latest ‘18A’ chip node that will be used in cutting-edge consumer electronics devices next year onward. Though Wipro did not disclose the exact size of the deal, two senior industry consultants said under conditions of anonymity that the deal with Intel Foundry is expected to be one of Wipro’s largest deal signings in the past three years.

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