Performer Financial News

In today’s financial landscape, the Bitcoin price prediction becomes increasingly significant as BTC trades at $42,700, marking a 0.75% decrease on Thursday. This trend occurs amidst a surge in market activity, highlighted by nearly $1 billion inflows into Bitcoin ETFs over just three days. Additionally, external factors such as the severe cold in Texas have led to a notable 34% drop in Bitcoin’s hash rate, reflecting the cryptocurrency’s sensitivity to real-world events.

Gem and Jewellery Export Promotion Council. During December 2023, the drop was to the tune of 9.04% to USD 2.19 billion as compared to USD 2.4 billion in December 2022. The overall import of gems and jewellery too has declined by 22.43% Y-o-Y, to USD 15.59 billion from USD 20 billion during April- December of FY24 as compared to the same period of FY23 and 7.58% to USD 2.09 billion, as compared to December 2022.

green office spaces in India's major property markets is witnessing a rise, propelled by the joint efforts of occupiers, developers, landlords, and investors. This uptick reflects a shared commitment to lowering carbon emissions and endorsing sustainability initiatives. The share of green leasing has surged to 16% in 2022-2023 from 4% in 2018-19, indicating significant progress, showed a JLL-CRE Matrix study that has examined over 1,530 leases covering over 225 million sq ft between January 2018 and September 2023. The proportion of green leasing has quadrupled during the 2022-2023 period compared to the pre-COVID years of 2018-2019. This translates to a 132% increase in leased area, from 3.7 million sq ft to 8.6 million sq ft. This remarkable surge serves as a testament to the joint efforts of asset owners and occupiers to promote responsible leasing practices in the industry. However, widespread adoption is still a long way, and this can be attributed to the lack of industry-wide guidance, transparency, legal complexities, and split incentives. While the beginnings of change are already evident, India still has a long road to travel on the green lease continuum. “Sustainability has now firmly been incorporated into the board room agenda. Various strategies are being devised to reduce carbon emissions from the built environment, and green building certifications and green leases play a crucial role in this endeavor. The Indian market is making significant strides towards sustainability and the increase in green-certified office penetration from 39% in 2020 to 53% in 2023, is a clear indication of this progress,” said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.

Prime Minister Narendra Modi on Thursday unveiled Commemorative Postage Stamps on Shri Ram Janmbhoomi Mandir and a book of stamps related to Lord Ram worldwide. The stamps feature various components, including the Ram Mandir, Choupai 'Mangal Bhavan Amangal Hari', the Sun, Sarayu River, and sculptures in and around the Temple. The collection comprises six stamps depicting Ram Temple, Lord Ganesh, Lord Hanuman, Jatayu, Kevatraj, and Ma Shabri.

Samsung has finally unveiled its Galaxy S24 Ultra smartphone, which boasts a number of significant improvements over its predecessor, including a brighter display, a much more powerful processor and generative AI-based features powered by Google's Gemini Pro language model. Also Read | Galaxy Unpacked Event 2024: From Samsung Galaxy S24 Series to Smart Ring - everything announced The Galaxy S24 Ultra features a 6.8-inch QHD+ Dynamic AMOLED 2X display with support for 1-120 Hz adaptive refresh rates and Vision Booster technology. Samsung has opted for a flat display with the S24 Ultra, which has a peak brightness of 2600 nits, a significant upgrade from the 1750 nits peak brightness offered by the S23 series.

quarter, helped by volume growth and a reduction in costs, said analysts. After clocking double-digit volume expansion in the first half of the year, growth of these companies in Oct-Dec is seen moderating to around 5-6% for most players due to elections in some states, a construction ban in the NCR region and shortage of labor. While the eastern region was an underperformer, northern markets have performed the best, followed by central India, Jefferies said in a pre-earnings note. Growth in Mumbai was average, while southern regions were weak in November-December, it said. Apart from the volume growth, a significant boost to earnings for cement-makers will come from a fall in input costs which is expected to be at its lowest level in seven quarters. Energy costs have seen a sharp decline with the average cost of petcoke down by nearly a fourth as compared to the previous year, while prices of international coal have plunged by more than 60%, Anand Rathi Shares and Stockbrokers said. While the surcharge charged by Railways will see freight costs inch up, the overall costs for cement makers is still seen lower, which along with a marginal improvement in realisations will help the operating profit grow by as much as 45-60% on year, said analysts. Operating margins, meanwhile, are seen almost 450-500 basis points higher as compared to the previous year.

S24 Ultra series at the Galaxy Unpacked event on Wednesday. The Korean smartphone manufacturer launched 3 smartphones with the same processor: Qualcomm Snapdragon 8 Gen 3 chipset for Galaxy. The For Galaxy part of the name indicates that these processors are expected to bring performance improvements over the standard Snapdragon 8 Gen 3 SoC.

For an economy already caught in a slowdown, Wednesday’s release of China’s population data made it a double whammy. The official headcount fell for the second straight year in 2023. The decline of 2.08 million, though small for a country of more than 1.4 billion, was twice the fall in 2022, its first in six decades.

Also Read | Nifty Pharma hits all-time high; 10 stocks including Lupin, Cipla, Glenmark Pharma, Divi's Labs touch one-year peaks The offer from Sun Pharma totals approximately $347.8 million, according to Reuters calculations, and represents a 4.2% premium to Taro's closing share price on the preceding January 17. Sun Pharma, which presently holds a 78.5% stake in Taro, had initially proposed to purchase the remaining stake at $38 per share in May.

‘12th FAIL’ over this past weekend. If you see only ONE film this year, make it this one," the Mahindra Group Chairman wrote on the microblogging site. Mahindra listed the factors why the audience should watch the film.

At Paris Fashion Week, Pharrell Williams unveiled his sophomore collection for Louis Vuitton, a stunning fusion of Americana and Native American influences

An Associated Press review has found businessman and Trump-backed Ohio U.S. Senate candidate Bernie Moreno faced lawsuits alleging discrimination against employees before he sold his high-end Cleveland car dealership

Mint. Heidrick & Struggles said three in five respondents were seeking new directors either to overhaul their board or as they needed to hire a new director in 12–18 months. “About three quarters of the respondents cite the retirement of a director as the reason they are undergoing a refresh, and one in two aim to infuse new skill-sets into their boards," stated the study.

Samsung Galaxy S24 starts at $799, offering a compelling mix of features and performance. For enthusiasts seeking an even more premium experience, the Samsung Galaxy S24 Plus comes with a starting price of $999.99. The Galaxy S24 features a 6.2-inch FHD+ Dynamic AMOLED 2X Display with a super-smooth 120Hz refresh rate and Vision Booster.

By David Lawder

It’s now the third week of 2024, and advisors are already taking the reins when it comes to managing their investment strategies.

Asset management firm VanEck will close and liquidate its Bitcoin futures ETF “XBTF,” less than two years after its initial launch.

Instacart (CART) was lifted to Outperform from Peer Perform at Wolfe Research Wednesday with a new price target of $35 per share.

Gig workers may not think or act like full-time employees, and corporate leadership must understand the needs and aspirations of these temporary workers to manage the workforce better. Companies usually hire gig workers to handle a spurt in business — like food aggregators hiring temporary delivery personnel during festival seasons — which has a direct impact on revenue. So managing this workforce is extremely important for a business, even if it is only for a short duration.

Arvind Kejriwal will be heading to Goa this week amid preparations for the Ayodhya Ram mandir Pran Pratishta ceremony. Senior AAP leader Saurabh Bharadwaj however indicated that the Delhi CM was likely to visit the religious site at a time of his own choosing. Key Opposition leaders have turned down invites from the Shri Ram Janmbhoomi Teerth Kshetra trust this month citing ‘politicisation’ of the event by the BJP and its allies.

Ark Investment Management’s best-performing ESG fund of 2023 had made a bold bet on cryptocurrencies.