Performer Financial News

Tribhuvan Chauhan, Patna, Bihar

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In the rapidly evolving realm of blockchain gaming, MetaCene has once again proven its leadership with the successful conclusion of its Alpha Test 2. This AAA-inspired next-gen MMORPG, incubated and published by MixMarvel, continues to redefine the fusion of immersive gameplay and blockchain innovation. As the curtains fall on this latest testing phase, the results are not just impressive numbers; these serve as proof of the vibrant community’s engagement and the efficacy of the gameplay mechanics that were thoroughly enjoyed by the testers.

ICICI Securities is bullish on the Indian markets and has a target of 24,200 for Nifty 50 in the calendar year 2024 driven by foreign fund inflows. “The Nifty has a tendency to extend the move towards mean+3 sigma levels after crossing life highs. Heavyweight stocks from BFSI, Auto, Cement and Healthcare should lead Nifty towards 24,200 levels in CY-24," said Pankaj Pandey, Head Research, ICICI Direct in a report.

BSE. The ₹100 crore initial public offer (IPO) of RBZ Jewellers was open for subscription between December 19 and December 21 at a price band of ₹95-100. Applicants in the public offer can find out if they have been issued shares, through the basis of allotment.

Adani Wilmar, one of the largest edible oil and food processing capacities in India, rallied 5.2% to ₹369.70 apiece in today's trade. The positive momentum stemmed from reports that India will allow the import of edible oils at lower import tax rates until March 2025. "The lower import duty structure on crude palm oil, crude sunflower oil, and crude soy oil was originally set to expire in March 2024.

Laal Krishna Advani-led Ram Mandir movement materialised in 2019 owing to a Supreme Court decision ruling in favour of the Hindu side, during the Narendra Modi governance period, giving the saffron party an edge with the religious fundamentalists. Now the Bihar Chief Minister Nitish Kumar government has announced the Bihar government's ₹72-crore plan to redevelop the Punourdham in Sitamarhi.

Sandip Sabharwal, asksandipsabharwal.com, says “reduced exposure in the sugar space once the dynamics changed because the next six months are a bit uncertain. But subsequently things might be good, so we might add after a few months. We have added into stocks like Voltas, InterGlobe Aviation because Voltas is undervalued relative to growth prospects and there will be a turnaround in performance in the next two-three years and it could perform like Lupin performed after the turnaround.” The asset management space in India is evolving on the listed side and now the representation in the markets is going up. You have been a part of the asset management industry for long, how are the business dynamics, competitive landscape and the yields now? Sandip Sabharwal: There was a phase in between where the regulator was trying to get the cost down for investors. At that time, we saw that despite the assets moving up, the profitability was not moving up and these sectors underperformed significantly. I think the change started from the beginning of last year where that phenomena stalled or stopped and that was no longer the focus of the regulator.

Salaar: Part 1- Ceasefire’, the much-awaited Prabhas-starrer hit the big screens on Friday. The Prashanth Neel directorial is all set to become one of the biggest blockbusters of the year. Moments after the movie was released, fans of the Telugu superstar flooded X (formerly Twitter) and lauded Neel’s direction, as well as the performance of the leads. One fan described the movie as a visual extravaganza. “Just finished watching #SALAAR it’s technically strong and a visual wonder. Perfect film for #Prabhas Garu after #Bahubali goosebumps every time he is on screen. congratulations to the entire team of @hombalefilms… #PrashanthNeel you have given us a Visual Spectacle. MUST WATCH,” reads the post. Another fan waxed poetic about the ‘Baahubali’ star’s magnetic screen presence, another Prabhas admirer wrote, “What a Screen presence of R E B E L S T A R.” Another hailed Prabhas as India’s biggest star and remarked that this was his strongest comeback. “KING #Prabhas RECLAIMING BACK HIS THRONE (Indian cinema)… GREATEST COMEBACK OF INDIA's BIGGEST STAR,” reads the tweet. Another wrote, “Enough of pan India… enough of experiments… this is the Rebel Star we were missing since one decade… this is the fuckin violent mental #Prabhas we want… that's it… My Rebel God is backkk.” Cricket enthusiast CricCrazyJohns tweeted that the movie was goosebump-inducing and praised Neel for creating an engaging universe. «Goosebumps in the first half, the build up for Prabhas was just fire. Welcome to the world of Prashant Neel with Salaar,» they wrote.

International Monetary Fund (IMF) has raised concerns about the long-term sustainability of India's debts. It cautioned that general government debt is likely to exceed 100 percent of India's gross domestic product (GDP) in the near future, Business Standard reported.

sovereign gold bonds (SGBs), considered suitable for risk-averse senior citizens who prioritize assured regular income and minimal capital risk. The past eight years have proven to be notably favourable for SGBs, showcasing their capacity for providing both consistent income and capital appreciation. Let’s delve into a detailed examination of their performance: Average annual return: Over the past eight years, SGBs have yielded an average annual return of approximately 13.7%.

cricket captain to secure an ODI series victory in South Africa. The other captain was Virat Kohli. Rohit Sharma, Virat Kohli and Jasprit Bumrah did not play, but India apparently did not miss the seasoned players.

24-year-old opener. He cemented his place in the ODI team and became the first batter to reach 2,000 international runs this year. He played 29 ODIs this year to score 1,584 with 5 centuries and 9 half-centuries.

South Asian nation, according to a report by Bloomberg. Hironori Kamezawa, the CEO of the bank, expressed confidence in India's economic growth, stating, "For India, economic growth is not something that will be a challenge; it's a sure thing," as quoted by the Bloomberg report.

Sandip Sabharwal, asksandipsabharwal.com, says “the overall small and midcap universe is richly valued. On top of that, there is risk in the markets and globally also we have seen significant run-ups in markets, huge amounts of record inflows into funds in recent weeks. This typically indicates that some short-term top will be formed, which should give up in my view 5% to 7% from the top.” What have you made of this temporary blip that we saw yesterday and now the recovery thereof or was it really a temporary blip or do you think we have seen the peak in yesterday's high for this year? Sandip Sabharwal: This year it is very unlikely because it is just seven-eight days to go.

SBI Long Term Equity Fund offered the highest return of around 33.99% in 2023. Motilal Oswal ELSS Tax Saver Fund offered 32.76%. ITI ELSS Tax Saver Fund gave around 31.54%. Bank of India Tax Advantage Fund gave 30.49% in 2023.

₹314.40 apiece following the company's 2023 production update. In a filing to the exchange on Thursday, the company announced that it had achieved a production of over 16 lakh tonnes in the current calendar year so far, marking another significant milestone for MOIL. This production figure represents a remarkable 26% increase compared to the previous record set in 2019.

Residential sales in the first nine months of 2023 reached 196,227 units, which is 91% of the total sales in 2022. Interestingly, residential sales broke all records with average quarterly sales of over 65,000 units till the third quarter of 2023.

new-age companies that use technology to do things differently and better, and a soaring stock market. The latest ET 500 rankings, the definitive list of the biggest publicly traded companies operating in the world’s fastest-growing economy, reflect the changing face of India Inc. At the aggregate level, the incumbent companies show manageable debt and improving ability to service it, adequate equity and healthy top-line and bottomline growth.

first-day earnings of ‘Dunki’, the much-awaited Shah Rukh Khan-starrer have been unexpectedly modest. According to a report by the Indian box-office tracking portalSacnilk.com, the Rajkumar Hirani directorial collected about Rs 30 crore on its opening day. Although many cities in North India showed a lukewarm response to the movie, ‘Dunki’ performed well in the city of Hyderabad. Additionally, the film was met with an enthusiastic response in regions such as Rajasthan, Uttar Pradesh, Delhi, and West Bengal. Taking to X (formerly Twitter), Box Office Worldwide shared the first-day collections of the movie (Rs 31-33 crore) and called it a “fantastic” figure for a social comedy-drama genre. “#Dunki is taking a solid opening of 31.5-33 cr on day 1, which is FANTASTIC for this social drama genre and given a mid-week release! There are reports of phenomenal audience response from cinemas, like all Hirani films this one is also going to trend strongly from here,” reads the post. ‘Dunki’s lukewarm first-day collections (in comparison to SRK’s previous releases ‘Pathaan’ and ‘Jawan’, led detractors to troll the superstar and Hirani on X. The words “SRK’s Disaster Donkey’ trended on the microblogging platform. “#Dunki is Raju Hirani's Weakest film, It's a Borefest of Epic Proportions, Shahrukh's acting and accent is Cartoonish, You will be scrolling your mobiles in the 2nd Half!” wrote one X user.

cricket match at Boland Park. His 108 runs off 114 balls were crucial for India's win. The Men in Blue beat South Africa by 78 runs.