Performer Financial News

Citigroup Inc. has decided to exit the distressed-debt trading business, the latest retrenchment in Chief Executive Officer Jane Fraser’s effort to reshape the firm in pursuit of higher returns.

(Reuters) -CarMax on Thursday posted its third-quarter profit above analyst estimates after cost cuts helped it offset headwinds from lower demand, sending the pre-owned car retailer's shares up 5%.

The innovative UltraBoom speakers, coupled with a plethora of features, make the Realme 10 a true flagship device. Experience the brilliance of the 16.26 cm (6.4-inch) Full HD+ Super AMOLED display, offering vibrant visuals with a 90.8% screen-to-body ratio. Elevate your audio experience, charge at lightning speed, and enjoy a visual feast – the Realme 10 is a technological marvel that brings innovation to your fingertips.

Sony Sports Network has appointed Bollywood’s Gen Z superstar and youth icon Kartik Aaryan as their brand ambassador for football. During his partnership with Sony Sports Network, Kartik will be seen promoting LIVE football action on Sony Sports Network around the year with 900+ matches from marquee football tournaments and leagues, which include UEFA EURO 2024, UEFA Champions League, UEFA Europa League, UEFA Conference League, UEFA Nations League, Bundesliga, Emirates FA Cup, Durand Cup, and Roshn Saudi League, amongst others. Kartik Aaryan, who has enthralled audiences with stellar performances on the silver screen, is also known for his enthusiasm and fandom for the game of football. His love for the game began at an early age, and he is a dedicated Real Madrid fan, the most successful club in the history of the UEFA Champions League. Rajesh Kaul, Chief Revenue Officer of distribution and international Business, and Head of Sports Business, at Sony Pictures Networks India, said: “It gives us immense pleasure to announce Kartik Aaryan as the Brand Ambassador of football on Sony Sports Network.

Crafted with precision, the Nothing Phone 1 boasts a form factor that reflects sophistication. With an impressive 8 GB RAM and 256 GB ROM, experience smooth multitasking and ample storage for all your needs.

Nifty 50 gained about 17 per cent in the same period. Stocks such as Punjab National Bank and Indian Bank surged over 50 per cent each this year while shares of Central Bank of India, Bank of Maharashtra and Union Bank of India jumped over 40 per cent each. Healthy growth in advances, net interest income (NII), reduction in gross NPAs and strong growth in profitability are some of the factors that boosted PSU bank stocks.

Indifra received a muted response from investors on the first day of bidding. The issue was subscribed just 35 percent at 2:30 pm on Day 1, December 21, 2023. It has received bids for 7.1 lakh shares against 20.52 lakh shares on offer.

₹89 per litre, enhancing prospects of profitability for truckers like VRL. Furthermore, in FY23 and the first half of FY24, VRL divested its non-core businesses to focus on goods transportation or less than truckload (LTL) operations. This shift comes as the government intensifies compliance in the logistics sector, favouring established companies.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “for the next couple of days, the market may face volatility. Weak hands are probably out of the market in yesterday's correction. Having said that, there are two levels to keep an eye on. One is 20,950; we reversed 25 points from that level in the morning, in the first half of the trading session today. So that remains a crucial support and that is where the put writers are also present both in the weekly as well as the monthly expiry.” Do you think there are any chances of visiting the morning lows or does it appear that the station has been taken out and now we are looking at higher levels? So two things. Yesterday's correction was more like the boy who cried wolf. Everybody was expecting that, it would be the FIIs who are selling at the year-end, booking profits, closing their books at a record high, etc, etc. But the data just does not prove that. In fact, they have added longs in index futures, they have added longs in stock futures on a down day. And even the cash figure, the sell figure was hardly anything to be worried about.

Also Read: FPIs pump ₹42,733 in Indian equities in Dec; Inflows rise after US Fed stance This impressive rally prompted investors to book profits, resulting in a 1.41% dip in the Nifty 50 on December 20. However, analysts anticipate this minor setback to be short-lived, with expectations of a rebound towards the year's end. Despite subdued performances from heavyweight stocks like Reliance Industries, HDFC Bank, and Infosys, the index's rally found support from the automotive and financial sectors in 2023.

Dixon Technologies shares are up more than 65% year-to-date (YTD) and analysts expect more upside to it on the back of government’s thrust on lowering imports of IT hardware and the Dixon Technologies’ recent contract with Lenovo which is believed to give it a strong head start in IT manufacturing. Also Read: Which Tata Group stock performed the best in 2023? The answer may surprise you JM Financial has a ‘Buy’ rating on Dixon Technologies and raised the target price on the stock to ₹7,215 per share from ₹5,975 earlier.

Aquaman 2 advance booking: Aquaman and the Lost Kingdom will be released worldwide on December 22. So, excitement is at an all-time high. Aquaman 2 promises to be an even bigger and bolder adventure than its predecessor.

India vs South Africa Live Score Updates, 3rd ODI: IND vs SA, KL Rahul led team India will look to clinch the series against the Proteas at the Boland Park Stadium in Paarl today. The three-match ODI series is currently tied, with the Men in Blue winning the first match and the hosts coming back with a phenomenal performance in the second.The Indian team management will have a lot of questions to answer ahead of the series decider on Thursday.

Kenneth Andrade, Founder & CIO of Old Bridge Capital Management, anticipates a potential market downturn in the coming year. According to the expert, macro events could be the catalyst for such a decline, with factors such as a global crisis, a country's balance sheet implosion, or a drying up of liquidity in the market being potential triggers. Andrade suggests that a significant macroeconomic event has the potential to remove liquidity from the market.

Luck plays a big and often unacknowledged part in career success, starting in the womb. Warren Buffett has talked of winning the “ovarian lottery" by being born in America when he was, and being wired in a way that pays off in a market economy. Good looks are associated with higher pay and a greater chance of being called to interview in hiring processes.

₹550 crore initial public offering (IPO) of Mufti Menswear brand owner Credo Brands Marketing (CBML) opened for subscription on Tuesday, December 19, and will close today, December 21. The company has a price band of ₹266-280 per share for the issue. Subscription: On the final day of bidding itself, the issue was subscribed 9.34 times by 11:10 am.

Salaar or Dunki, which one would you prefer to watch?" People in Hyderabad were asked this question, and fans opened up. A survey by The Siasat Daily reveals a clear preference in the cinematic showdown between the Prabhas starrer and the Shah Rukh Khan movie, directed by Rajkumar Hirani. The survey indicates a significant tilt towards Salaar, with 70% favouring it over Dunki.

₹15,000, which balances cost and capability, is a true gem. In the competitive world of smartphones, this price segment is crucial. These devices have evolved beyond mere tools for communication; they are integral to our daily lives, from capturing life's moments to streamlining tasks.

investment portfolio is akin to making a pit stop on a lengthy road trip. It provides an opportunity to inspect your tires, replenish fluids, and fine-tune your route for the miles ahead.

Investing.com-- Most Asian stocks fell on Thursday as investors locked-in recent profits after a dovish Federal Reserve triggered a week-long rally, with Japan’s Nikkei 225 leading losses amid a deepening scandal involving the country’s biggest automakers.

₹627 to ₹660 per equity share of the face value of ₹2. The floor price was 313.5 times the face value of the equity shares, and the cap price was 330 times the face value of the equity shares. The price-to-earnings ratio based on diluted EPS for the financial year 2023 for the company at the cap price is 39.22 times, and the floor price was 37.25 times.