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Honasa Consumer, which runs the Mamaearth brand of toxin-free products, on Thursday rallied around 12% to touch a fresh peak of Rs 393.95 on BSE after the beauty and personal care products retailer reported 94% year-on-year (YoY) growth in Q2 profit. Driven by volume growth, Honasa's quarterly revenue grew 21% YoY to Rs 496 crore while its Ebitda margin expanded 170 bps YoY to 8.1%, the highest ever. The company's management remains confident of delivering a 30% plus revenue growth going forward, similar to that in H1. It also expects Ebitda margins to keep improving on a YoY basis over the coming years, led by operating leverage and further optimisation of ad-spends. «We upgrade our FY24-26e Ebitda and EPS by 5-6%.

Healius chief executive Maxine Jaquet says higher rents and wages have upended the pathology testing group’s economics at the same time as revenue growth is becoming harder to generate, as she defended the company’s performance against criticism from Tanarra Capital.

revenue and profits for the six months ended September. While growth was board based, four-wheeler makers saw revenue growing at a faster pace than two-wheeler makers. This was on the back of a strong volume growth, led by robust demand both in the passenger vehicle and commercial vehicle segments, besides a strong traction in the electric vehicle space. Profit growth, however, was robust for the sector, aided by the easing pressure on input costs.

Dipan Mehta, Director, Elixir Equities, says “For Mumbai-based realty companies going into NCR is another different game altogether. I do not see too many companies, apart from Godrej Properties, which have successfully created a pan India operation worth mentioning. So we will wait and watch and see how Oberoi’s foray into NCR is shaping up. But nonetheless, I think real estate companies are on a song.” While we spend a lot of time discussing HDFC Bank, Reliance, Zomato and Paytm, we do not perhaps discuss Tube Investment, Carborundum, Chola, EID, Parry. These are the real gems of the south, so to speak. You are absolutely right. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders. By and large these are very well managed companies. They have sound capital management policies and they generally do not diversify away from their core operations. They have been market darlings, although they are not that much in the public eye in terms of news flow, but nonetheless they are great performers.

Nifty closed above 19,800 for the first time since October 17, while the Sensex closed above 66,000. The Nifty is now up nearly 1,000 points from its October 26 low of 18,837.When Asian market opened on Thursday, there was cautious activity following a slight rise in US stocks and a decline in Treasuries, triggered by data indicating a sustained expectation of inflation among US consumers.

Board examinations are among the key problems of Indian education. The National Curriculum Framework for School Education 2023 (NCF) confronts this matter head-on, starting with explicitly acknowledging current issues instead of dodging these. Stress caused by board exams among students and their families is the first big issue.

investors have raised their stakes in ICICI Securities, the investment banking and broking arm of ICICI Bank, in the past three months after the company announced delisting plans in June. Market watchers said these institutions may be buying the shares in anticipation of better terms in the delisting process.

Cars24, Spinny, CarDekho and CarTrade Tech have increased efforts on generating revenue from ancillary sources such as auto financing, insurance and classifieds, after witnessing a palpable slowdown in growth last fiscal year. According to people tracking the sector, these firms faced the slowdown as the “growth-at-all-costs” push by venture-backed companies took a backseat and they started focusing on improving unit economics by controlling expenses. Tweaking of business models continued into the current fiscal 2024 as well.

Fargo, the FX series, known for its dark comedy crime tales, can be viewed in any order, but for a coherent experience, consider this suggested sequence: Season 4 Despite being deemed the weakest, season 4 serves as a prequel, unfolding in 1950 with the Cannon organization and the Fadda Family battling for control of the Kansas City underworld. The retro vibe and the initiation of storylines crucial for earlier seasons make it a foundational watch, providing context for the overarching narrative. Season 2 Set in 1979, this season follows a beautician couple entangled in a hit-and-run incident, sparking a gang war. The standout cast, including Kirsten Dunst and Ted Danson, adds depth to the narrative, leading to a memorable climax that resonates through other seasons. Its quirky elements make it a fan-favorite and arguably the series' best. Season 1 Beginning in 2006, season 1 introduces Martin Freeman's character, whose encounter with a hitman unveils his darker side. With Allison Tolman and Colin Hanks as the investigating cops, the season sets the tone for the series. Placed here for its references to events in 1950 and 1979, it stands as a fantastic season, offering insight into background elements. Season 3 Marked by Ewan McGregor's dual roles in 2010, season 3 weaves a tale involving twin brothers, crime families, and a mysterious cop. While a solid watch with intriguing twists and McGregor's commendable dual performance, its lighter connections to other seasons make it less crucial to start with.

(Reuters) -General Motors' robotaxi unit Cruise is planning to re-launch in one city, the company said on Wednesday.

While experts had voiced their concern a few years ago with regards to the unsold inventory levels and impending launches in this specific micro-market, the performance since the outbreak of the pandemic has surprised many of them. The market has witnessed sales of over 722 apartments priced at ₹10 crore and above as against new launches of 532 apartments in the last 12 months, showed data from non-broking research firm Liases Foras Real Estate Rating & Research. «The south and central Mumbai's ultra-luxury housing market has shown almost three times sales growth driven by the segment's new launches. The ultra-luxury segment touched its best-ever inventory overhang in the last 15 years,» said Pankaj Kapoor, managing director, Liases Foras. In 2021, the market comprising south and central Mumbai had a total of 118 months' inventory and the same has now declined to 38 months. «Buyers are active in the market and are very choosy as many developers promised early delivery but did not deliver.

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Value investing: One of the soundest approaches to investing, the value investment philosophy is both simple and profound. It is the practice of buying stocks of sound businesses at a discount to their intrinsic value. An objective approach to value investing requires investors to make their investment decisions based on business fundamentals and research.

—Name withheld on request With a moderate risk profile and a 7 plus year investment horizon, we suggest the following asset allocation: 60-80% in equity mutual funds, 10-20% in fixed income through mutual funds, bonds, and fixed deposits, and 10-15% in gold through sovereign gold bonds. Regarding equity mutual funds, we recommend emphasizing large-cap funds and hybrid funds, with a portion allocated to mid-cap funds.

Rohit Sharma is unlikely to play T20 Internationals anymore and had discussed his future in the shortest format before the start of the 50-over World Cup Rohit Sharma, India's ODI and Test captain is most unlikely to play T20 Internationals anymore and had discussed his future in the shortest format before the start of the 50-over World Cup, reported PTI on 22 November. Since India's T20 World Cup semi-final exit in November 2022, Rohit hasn't played a single game in the shortest format, while Hardik Pandya has mostly led the Indian team in T20Is from that time. According to stats, the 36-year-old India skipper has played 148 T20Is and scored 3853 runs at a strike-rate of nearly 140 with four centuries.

Bank of India's move to mandate higher risk weights on consumer loan segment, the State Bank of India will see “moderation" in its unsecured lending portfolio, said SBI Chairman Dinesh Khara on Wednesday. He also said that the impact of higher risk weights will have a 0.02-0.03 per cent impact on its net interest margins in the December quarter. However, a better picture is likely to emerge in the next quarter, said Dinesh Khara.

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Ed Sheeran unexpectedly made a surprise appearance at 50 Cent's London show last night. The Candy Shop rapper's fans were taken aback as the 32-year-old Thinking Out Loud hitmaker emerged from beneath a box labeled 'There is a monster in this box,' singing Shape Of You.

BlackPink on Wednesday received honorary Member of the Order of the British Empire medals in the presence of South Korean President Yoon Suk Yeol during his state visit to the United Kingdom, Buckingham Palace said in its statement. Blackpink received the MBEs because of their roles as COP26 Advocates for the United Nations climate summit held in Glasgow back in 2021, Buckingham Palace said. «First appointed to the role by the UK Government in January 2021, BlackPink encouraged millions of young people to engage with the global UN climate change conference and the topic of climate action,» said the official account of royal family in a post on social media platform 'X.' «It's amazing you're still talking to each other after all these years,» King Charles jokingly said to the band at the ceremony. «I hope I shall be able to see you perform live at some point,» added King Charles.

Despite Nvidia's (NASDAQ:NVDA) Q3 earnings significantly surpassing expectations, investors initially chose to divest. Nvidia stock has surged by 242% YTD to reach the $500 mark, but the chipmaker's earnings report triggered a 2.5% decline after the release.

₹200 crore deposit and simultaneous appeals for urgent hearing at the Supreme Court. JKC has said that the funds are sought for equity issuance in the airline, an action not yet executed by the lenders.