Performer Financial News

Decline in inflation: In the realm of developed markets, central banks made significant strides in curbing inflation without inflicting substantial harm on their respective economies throughout the past year. Notably, the United States, despite the Federal Reserve initiating its most assertive tightening cycle in over four decades, managed to steer clear of a recession. The effective policies implemented by developed market central banks underscore their adeptness in navigating the delicate balance between taming inflationary pressures and ensuring the sustained health of their economies.

Satish Menon, Executive Director of Geojit Financial Services underscores the exact nature of the Budget 2024 cannot be predicted at this stage. However, he expects new initiatives to boost manufacturing in India and government expenditure on Infra to flourish. In an interview with Mint, Menon also shares his views on the market and the sectors he is positive about. Edited excerpts: Our understanding is that the final budget will be after the general election, and the February Budget will act as a provisional one.

Dunki Box Office collection Day 7: The Box Office performance of Shah Rukh Khan’s latest movie "Dunki" over its first seven days showcases a fluctuating trend in its net collection across India. The movie kicked off with a strong opening on its first Thursday, collecting ₹29.2 crore. However, it was the weakest among Khan’s three releases this year, the other two being Pathaan and Jawan.

Enterprises today face an epidemic of workplace stress and depression that takes an enormous toll on employees and corporate performance. In late 2019, the American Institute of Stress highlighted that 83% of US workers suffer from work-related stress, a third consult a doctor for stress-related issues and 18% had quit their jobs. And then there’s depression: According to a 2022 Deloitte survey in India, 59% of respondents reported symptoms of depression, including feelings of sadness, lack of interest, fatigue, concentration issues and poor decision-making.

By Ankur Banerjee

Investing.com — US stock futures were trading higher during Wednesday night's deals as major benchmark averages closed slightly higher overnight, with the S&P 500 index inching closer to fresh all-time highs.

Avatar: Frontiers of Pandora, inspired by James Cameron's films, offers a vast and vibrant world to explore. Set against the backdrop of a fantastical moon, players embark on a mission to eradicate the destructive RDA forces.

₹2,926.05 crore even as domestic institutional investors (DIIs) sold ₹192 crore worth of shares. Though the indices closed a tad lower each, they posted closing records, with the Nifty gaining 1% to 21,654.75 and the Sensex 0.98% to 72,038.43. The indices have risen for four straight sessions.

MUMBAI , BENGALURU : Promoter feud at Pune-based Finolex Cables Ltd has led to the rejection of two directors, making it the second public company in recent times where such discord led to the rejection of board members. Over 93% of promoter votes were cast against the resolutions ratifying the appointment of Achyut Dhadphale as non-executive non-independent director and Kshtija Wadatkar as non-executive independent director, voting data from a stock exchange disclosure showed. Orbit Electricals Pvt.

Cryptocurrency analyst Lark Davis has predicted that Ethereum will reach a price of $15,000 per coin in the upcoming bull cycle of 2024-2025.

Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance. «The need of the hour is to think big and to think bold while ensuring that execution remains timely and robust. It is not easy but can be done and India is seeing this more frequently now,» Joshi said at a conclave organised by State Bank of India on Wednesday. Highlighting the government's focus on fostering capital expenditure and new investment in the economy, Joshi called for a pull in «one direction» from the three key players in capital expenditure and investment — private sector entrepreneurs, bankers, and the government. «Banks delivered very good performance in FY23 as also in first half of FY24, strengthening capital and other key ratios, gearing up to attain scale to finance multiple large value projects/capex and ambitious transition to clean/green energy and mobility,» SBI's chairman Dinesh Khara said. India's GDP growth surprised on the upside in Jul-Sep, clocking in at 7.6% versus the Reserve Bank of India's estimate of 6.5%.

As we approach the end of 2023, investors are proactively fine-tuning their portfolios for the upcoming year, 2024.

Returns from investment are the best indicator of the performance of various asset classes. And that helps investors determine which asset class is a winner and which ones to avoid. While the winners among asset classes keep rotating every year, the absence of any such pattern over the last 10 years (see chart), reinforces the importance of asset allocation in building a balanced portfolio. Here’s a quick look at the performance of different asset classes in 2023.

-Name withheld on request

Tom Smothers, half of the iconic Smothers Brothers duo and co-host of a groundbreaking and socially conscious television show, passed away at the age of 86. The National Comedy Center, speaking on behalf of his family, confirmed his death on Tuesday at his residence in Santa Rosa, California, following a battle with cancer. In a statement released on Wednesday, Dick Smothers, Tom's brother and the other half of the beloved comedy duo, expressed gratitude for a lifetime spent together both on and off stage for over 60 years. He described Tom not only as a cherished older brother but also as a unique and invaluable creative partner. The statement reflected on their relationship, likening it to a good marriage where mutual love and respect deepened over time.

Attrition levels across India Inc dropped to 17% in 2023 from 19.7% in 2022 on the back of a subdued job market, macroeconomic headwinds, layoffs across sectors, and an uncertain future environment. As the tech industry faced a global downturn and employees hunkered down to hold on to their jobs, the biggest drop in attrition has been in the IT/ITeS sector, where employee turnover fell to 15.5% in 2023 from 21.3% in 2022, according to the Deloitte attrition survey shared exclusively with ET.

NEW DELHI/MUMBAI : Registrations by foreign portfolio investors in India this year were the fewest in at least 10 years, although foreign investments have continued to rush in. Market experts pinned the steep decline in registrations on global economic headwinds, while pointing out that FPIs already in India have delivered stellar returns in recent years.

₹30 lakh. His family did not have such money. But there was hope—he was told that the college offered scholarships to deserving students, and immediately applied for one.

MUMBAI : Indian economy remained resilient amid global uncertainties, allowing the domestic banking sector to deliver strong performance in FY2023 and the first half of this financial year, said State Bank of India chairman Dinesh Khara. “The Indian economy has continued exhibiting robust resilience during the current year too, building upon the momentum initiated during 2022-23, notwithstanding the global turmoil as escalating multiple footprints of geopolitical tensions threaten to change the terms of trade, clocking growth rate of 7.7% in H1 of FY24, the highest among major economies in the world," said Khara, speaking at SBI’s banking and economics conclave.

1) Company Overview Kay Cee Energy & Infra is an engineering, procurement and construction (EPC) company providing specialized services of commissioning EHV power transmission lines to various government authorities and private entities. 2) Industry Overview India is the world's third-largest producer and second-largest user of energy. The installed power capacity in India has increased from 356 GW in fiscal 2019 to 416 GW in FY23.

urban cooperative banks though profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the latest `Trend and Progress in Banking’ released by the central bank on Wednesday.