Performer Financial News

Purchasing Managers' Index (PMI) climbed to 56 last month, rebounding from October's eight-month low of 55.5. Also Read: Mumbai's property registration witnesses best November in 11 years: Knight Frank Report "A notable feature of the latest results was a significant reduction in price pressures. Although average purchasing costs saw an increase, the inflation rate eased to its lowest level in the past 40 months and remained negligible historically," the survey noted.

By Ankur Banerjee

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Sam Bahadur Box Office collection Day 1: Vicky Kaushal-starrer 'Sam Bahadur' has released in theatres today, December 1. The film is based on the real-life of Sam Manekshaw, Former Chief of Army Staff of the Indian Army, renowned for his bravery. Vicky Kaushal plays the lead role of Sam Bahadur.

Lewis George, Panaji, Goa As a parent, you want to secure your child's financial future, providing them with the means to achieve their dreams and aspirations. Investing in mutual funds can be a powerful tool to accomplish this goal. Mutual funds offer a diversified portfolio of stocks or bonds, managed by professional fund managers, making them a suitable option for long-term wealth creation.

Narendra Modi arrived in Dubai to attend the 28th Conference of the Parties (COP28) Summit. Upon the Prime Minister's arrival in the UAE, he received a warm welcome from the members of the Indian diaspora outside a hotel in Dubai, followed by a cultural dance performance. Videos showed diaspora members raising chants of 'Modi, Modi' , 'Abki Baar Modi Sarkar' and 'Vande Mataram.' PM Modi was also seen shaking hands with diaspora members outside the hotel.

State Bank of India (SBI)'s Research 'Ecowrap' has raised India's FY24 gross domestic product (GDP) forecast to 7 percent from 6.7 percent earlier. This comes amid higher-than-expected Q2 GDP numbers. "The strong growth numbers for Q2 released today are a harbinger of interesting times ahead and can reinvigorate the interests of global corporations, policymakers, investment gurus, and fund managers across jurisdictions afresh along themes like investments, infrastructure, consumption, and markets by going Overweight," the research said.

cricket match in Guwahati, Australian batter Glenn Maxwell delivered a stunning performance in the final over. Needing 21 runs from 6 balls in the third match of the series, Maxwell scored 18 off the last four balls. It included a six and three fours, clinching a dramatic win for Australia.

Tata Consultancy Services (TCS) share price will be in focus on Friday as the company’s share buyback programme opens today. TCS share buyback worth ₹17,000 crore will begin on December 1 and close on December 7. This will be the fifth share buyback from India’s largest IT services company.

GDP print came above expectations on Thursday driven by robust growth in the manufacturing, mining and construction sectors. However, growth in the agriculture segment cooled due to an erratic monsoon. India's Q2 GDP grew 7.6 per cent, significantly exceeding the expectations.

Investing.com — US stock futures decreased slightly during Thursday's overnight trading, after the Dow Jones Industrial Average reached a new peak for 2023 and wrapping up its best month in over a year.

Quiver Quantitative — Cathie Wood's ARKK Innovation ETF (ARKK) has experienced a remarkable surge in November, posting a record 31% gain. This significant uptick is fueled by investor optimism over potential US interest rate cuts in 2024, driving growth in riskier assets. ARKK's impressive performance mirrors the success Wood achieved in 2020 with ARK Investment Management. However, the current financial inflows to ARKK, approximately $150 million in November, are modest compared to the billion-dollar monthly inflows witnessed during its peak.

Investing.com — The Dow wrapped up a strong November, with swashbuckling gains on Thursday as investors cheered further a slowdown in inflation and mostly better than expected corporate earnings. 

Monster Hunter Now December update, set to introduce Zinogre and other monsters, two new weapons, additional armor sets, and hints of a new biome.

Cathie Wood is about to notch her best month ever as her holdings of innovative technology stocks roared back from steep losses in the midst of declining Treasury yields in November.

(Reuters) — U.S. oil refiner Phillips 66 (NYSE:PSX) has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.

real growth rate of 7.6% in the September quarter holds India in good stead to realise the projected growth rate of 6.5% in FY24, chief economic advisor (CEA) V Anantha Nageswaran said on Thursday, adding that any possible upside to the full-year forecast in the wake of the latest robust performance would be worked out. Addressing the media after the release of GDP data, Nageswaran also highlighted that tax revenue has grown at almost double the pace of nominal GDP expansion in the first half of FY24, which is unusual. This, he said, is prompting him to wonder if the nominal growth rate has been understated. It's certainly not overstated, as is the perception in certain quarters, he asserted. The nominal GDP grew 8.6% (without adjusting for inflation) in the first half of this fiscal, while the tax revenue rose 16.3%. «We will keep the (real) GDP growth estimate at 6.5% but we are more comfortable (with the projection) than before.

PVR Inox expects a strong fiscal fourth quarter for cinema exhibitors, driven by a strong lineup of movie releases, following a lacklustre third quarter marred by disappointing Hindi film performances and the ICC Men's Cricket World Cup. «Q4 will be better than Q3, which is very skewed towards Animal, Salaar, and Dunki. In Q4, we will have films coming out every two weeks, and they're nicely spread out,» PVR Inox executive director Sanjeev Bijli told ET. A slew of films is set to be released between January and March, including Hrithik Roshan's Fighter, Vijay Sethupathi's Merry Christmas, and Kareena Kapoor Khan's The Buckingham Murders. While Q3 failed to meet the company's expectations, it expects an improved performance in December due to Ranbir Kapoor's Animal, Shah Rukh Khan's Dunki, Prabhas' Salaar, and Vickey Kaushal's Sam Bahadur. «Q3 was somewhat muted as October and November did get impacted by the World Cup.

Mint in the week gone by. The second quarter was a mixed one for India Inc, with strong profit growth but the rise in revenues remaining subdued. Meanwhile, the GDP growth figures for the second quarter are also out.

Gaining knowledge from the most accomplished individuals enables you to thrive. This clarifies why many investors eagerly heed the insights of Chuck Akre, an American investor, financier, and businessman. As the founder of Akre Capital Management, Akre underscores how his perspectives are significantly shaped by the writings of Warren Buffett, particularly in relation to his understanding of creating shareholder value.

Real Madrid will meet Granada CF on Saturday in a Spanish La Liga match. They are at the top of the table with 35 points, while Grenada are ranked 19th with just 7 points. Madrid's Jude Bellingham is at the top of his performance with 11 goals. In their previous match, Real Madrid thrashed Cadiz CF 3-0 as Rodrygo scored two goals. On the other hand, Granada lost to Deportivo Alaves 3-1 in its most recent match on November 24. Myrto Uzuni scored their only goal.