Performer Financial News

₹19,878 crore. EBITDA, too, saw a healthy 30.2 per cent YoY rise to ₹44,867 crore while the EBITDA margin jumped 390 bps YoY to 17.5 per cent. RIL is a diversified conglomerate and it operates in various sectors, including energy, petrochemicals, retail, and telecommunications.

tablets priced under ₹25,000. Tablets have emerged as versatile tools, blending the portability of smartphones with the functionality of laptops. This sale event is an ideal time for consumers looking to purchase their first tablet or upgrade to a newer model without stretching their budget.

What a difference a year and a nickname make.

By Gilles Guillaume and Diana Mandia

Multi-cap mutual funds, also known as diversified equity funds, refer to mutual fund schemes that are meant to invest a minimum of 65 percent of their assets in equity and equity-related instruments with investment in stocks of different sectors and segments of the market. “Market cap winners keep changing.

HDFC Bank, which is single-handedly responsible for today's market crash, recorded its worst daily performance since May 2020 by falling around 7.9%. Investors in the bluechip lost around Rs 1 lakh crore as the market capitalisation of the Nifty heavyweight fell below Rs 11.75 lakh crore. Following the disappointment in December quarter results, several brokerages have reduced their target prices on the stock which led to the downfall. HDFC Bank's Q3 beat in profit (up 33% YoY to Rs 16,373 crore) was driven mainly by a one-off write-back of Rs 1,500 crore of tax provisions. «While NIM (calculated) at 3.7% was on the mark, it remained flat sequentially on a low base, a contextual disappointment given faster than expected reduction in balance sheet cash and investments. Yields on interest-earning assets stayed flat QoQ despite (i) the drawdown in balance-sheet liquidity and (ii) a reduction of lower-yield wholesale loans in the loan mix. This was the crux of the disappointment,» said Santanu Chakrabarti of BNP Paribas. Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10 billion loss

₹1,476 apiece. This was the stock's biggest intraday jump since May 2023. The notable surge in shares today is attributed to the release of the company's Q3FY24 earnings on Tuesday post market hours, reporting a 22.4% YoY improvement in net profit to ₹431 crore.

Cochin Shipyard, Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL) and Mazagon Dock Shipbuilders defied weak market sentiment on Wednesday, jumping between 4-12 per cent in intraday trade. PSU stocks have been on a tear for the last one year. Data show that shares of IRFC have surged over 300 per cent while those of CPCL, REC, ITI and Power Finance Corporation have jumped between 230-270 per cent.

Since their recent launch in the United States, spot Bitcoin ETFs have achieved a cumulative trading volume of nearly $10 billion within just three days.

Jai Balaji Industries have given exceptional returns to their investors in the last 1 year. The stock has delivered phenomenal returns surging over 1845 percent to ₹1,046.90 from ₹53.8 in January 2023. This implies that an investment of ₹10,000 in this penny stock in January 2023 would have turned into ₹1.94 lakh now.

This sale caters specifically to the needs of esports professionals and gaming aficionados, providing access to top-tier gaming mice, which are essential for competitive gaming. These devices, known for their precision, ergonomic design, and customizable features, significantly enhance gaming performance and experience. This year's sale features a diverse selection of gaming mice from renowned brands, each boasting unique attributes like adjustable DPI settings, programmable buttons, and RGB lighting to suit various gaming styles and preferences.

₹145.80 apiece on the BSE. Federal Bank registered a 25.3% growth in its net profit for the third quarter of FY24 at ₹1,006.74 crore as compared to ₹803.61 crore in the corresponding quarter of last year. The bank’s net interest income (NII) in Q3FY24 increased 8.5% to ₹2,123.4 crore from ₹1,956.5 crore, YoY.

Outlook 2024: Can gold maintain its shine next year? Here's what experts say "As the expectation of sharp rate cuts has been one of the prime drivers of this rally, gold traders want to validate their rate expectations with the key US data as the year rolls on," said Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Sharekhan By BNP Paribas. At this juncture, analysts are positive about the prospects of gold for the year amid macro uncertainty, geopolitical tensions and the expectations of rate cuts.

Chennai Petroleum, a government-owned refinery company, saw its foreign institutional investor (FII) holdings reach an all-time high of 14.7% in the December quarter (Q3 FY24). In the same quarter of the previous fiscal year, FIIs owned a 4.7% stake in the company. FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter.

Martin Signoux, a public policy expert at Meta France, recently shared his perspectives on the future of AI models in a series of tweets. His insights, focusing on the developments expected in 2024, received considerable attention. Signoux's predictions cover a range of topics, from the emergence of Large Multimodal Models (LMMs) to the ongoing debate between open and proprietary AI models.

The realm of artificial intelligence (AI) and machine learning (ML) is constantly advancing, yet it's not without its stumbling blocks. A prime example is the performance degradation, colloquially referred to as 'stupidity', in Large Language Models (LLMs) like GPT-4. This issue has gained traction in AI discussions, particularly following the publication of «Task Contamination: Language Models May Not Be Few-Shot Anymore,» which sheds light on the limitations and challenges faced by current LLMs.

Life Insurance Corporation of India (LIC) on Wednesday left State Bank of India (SBI) behind in market capitalisation to become India's most valued PSU stock. LIC shares rallied over 3% to a fresh 52-week high of Rs 919.45 taking its market value above Rs 5.75 lakh crore-mark. On the other hand, SBI's market cap was around Rs 5.65 lakh crore in the morning session. Last month, the finance ministry had exempted the PSU insurer from complying with 25% minimum public shareholding (MPS) norms till 2032.

Life Insurance Corporation of India share price gained more than 2% in morning trades on Wednesday helping its market cap cross the ₹5.8 Lakh Crore mark as it touched 52 week highs of ₹919.45 a piece. LIC market cap thereby surpassed market cap State Bank Of India (SBI) . SBI share price was down 1% on the BSE while its market cap stood at around ₹5.62 Lakh Crore .

Salaar Box Office Collection Day 26: Prabhas' 'Salaar: Part One- Ceasefire' had a big start at the Box Office following its release before a long weekend that included Christmas. On its release day, the film raked in ₹90.7 crore net but the numbers have been struggling to keep up with every passing day marking new lows. The numbers picked up a bit during this weekend.

₹1,570 apiece. The downward trend persisted, reaching an intraday low of ₹1,560 (-7%). Given HDFC Bank's substantial 14% weightage in the Nifty 50, its performance significantly impacted the index during today's trade.

Shivam Dube and Yashasvi Jaiswal shining bright with their batting performances. India and Afghanistan have played 7 T20I matches against each other so far, with 6 of those producing results. The Afghans are yet to secure a win against the Men in Blue.