Performer Financial News

Rugby Australia’s ousted chairman, Hamish McLennan, says his exit will only “create more division” even as the state unions pushing for his resignation backed chief executive Phil Waugh and plans to reform the game.

EY Australia has admitted another staff member helped draft documents for a former partner who allegedly promoted tax exploitation schemes, but says the second person was working under instructions and is not accused of doing anything wrong.

Origin Energy chairman Scott Perkins says there will be no kneejerk reaction or radical reassessment of the large electricity and gas supplier’s structure if the $20 billion takeover deal with Brookfield and EIG is voted down this week.

JK Lakshmi Cement Ltd, part of the cement industry, has rallied more than 18% in a month, which helped the stock to surpass the W chart pattern on the daily charts. Short-term traders can look to buy the stock for a possible target of Rs 890 in the next 3-6 months, suggest experts. The cement stock rose from Rs 683 recorded on October 17 to Rs 812 as of 17 November 2023 which translates into an upside of more than 18% in a month. The stock hit a record high of Rs 897 on 14th December 2022, but it failed to hold on to the momentum. The stock found support above 650 in March 2023 and above 600 levels in July 2023. The stock witnessed a breakout from the W pattern where the neckline was placed above 700 levels in November. The momentum also helped the stock to climb above 50 and 200-DMA on the daily charts earlier in November which is a positive sign for the bulls. “The stock has displayed above-average volumes, breaking upward from both the flag and pole chart patterns.

portfolio rebalancing. The main decision that you must look at when balancing your assets is your eventual goals and not shift the goal posts, too much.

“We believe India's investment and real estate cycle are in their early stages and can witness multi-year growth led by continuity of public and private sector investments and favourable govt policy,” says Taher Badshah, CIO, Invesco Mutual Fund. In an interview with ETMarkets, Badshah said: “We have recently increased our exposure to residential real estate noting demand resilience, steady improvement in demand-supply,” Edited excerpts: We are seeing some turnaround in Indian markets – is it the Diwali dhamaka or Santa rally? Indian markets were off to a weak start in the early part of 2023, trailing global markets due to growth concerns, particularly in the consumption economy, from rising interest rates and higher relative valuations.

Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets and despite continued FII selling, markets have proven to be resilient, further aided by the DII buying, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Nifty would meet with resistance around the 19,850-19,900 zone in the short-term whereas support is seen around the 19,400-19,450 zone, he adds. Nifty ended with near 2% WoW gains this week while Bank Nifty almost flat. What is the outlook for next week? Last week, markets witnessed a positive trend on the back of strong global cues backed by sharp decline in US inflation numbers and receding fears of US Fed rate hikes. Further, it was a broad-based rally across most sectors, except the Banking space, which witnessed sell-off post the RBI’s decision to raise the risk weights for unsecured loans. Also it is worth noting that despite continued FII selling, markets have proven to be resilient, further aided by the DII buying. Nifty’s strong close last week, despite the weakness in Bank Nifty, bodes well for the overall markets. However, Nifty would meet with resistance around the 19850-19900 zone in the short-term whereas support is seen around the 19400-19450 zone.

World Cup 2023 final. The legendary cricketer expressed sadness over the team's loss in the final. But, while speaking to Star Sports, he also took immense pride in the Men in Blue’s overall performance.

India's loss in the ICC World Cup Final match against Australia, Trinamool Congress MP Mahua Moitra took a dig at the Bharatiya Janata Party (BJP) government, saying that the Enforcement Directorate (ED) has launched a raid on Australian Prime Minister Anthony Albanese's residence. «BREAKING NEWS: ED raids Australian Prime Minister's residence,» Moitra, who has been under fire in the 'cash-for-query' allegations, said in a post on 'X'. The BJP has often been accused by opposition parties of misusing central investigation agencies like the ED to target its political opponents. «In other news: Ahmedabad Stadium has been renamed — India loses World Cup finals at Jawahar Lal Nehru Cricket Stadium,» Moitra added in her post.

global market cues including US bond yields, crude oil prices, and performance in US markets. On Friday, the domestic equity benchmark indices ended lower. The Sensex ended 187.75 points, or 0.28%, lower at 65,794.73 while the Nifty 50 declined 33.40 points, or 0.17%, to settle at 19,731.80.

primary market will be abuzz with activity in the week ahead with five companies scheduled to launch IPOs (Initial Public Offerings) worth over ₹7,000 crore. Analysts said the strong sentiment in the secondary market could help these IPOs and advise investors to subscribe to these issues at least for listing gains.

RIO DE JANEIRO (Reuters) -Taylor Swift fans headed to her eagerly expected show in Rio de Janeiro on Sunday, following a last-minute postponement of Saturday’s performance due to record breaking heat after a fan died in the sweltering conditions a day earlier.

Mint had reported earlier after speaking with several consultants including Aon, Mercer and Willis Towers Watson (WTW) that Indian companies are likely to offer median increments of 9-10% this time, with macroeconomic pressures pushing companies to be more prudent. In fiscal year 2023 (FY23), the median remuneration had risen 9.5% on average, the highest since FY20 (9.7%), a Mint analysis of Sensex companies showed. However, in 2019-20 (before covid), the average annual inflation was far lower, at 4.8%.

THOMASVILLE — Flowers Foods (NYSE:FLO), a leading producer and marketer of packaged bakery goods in the United States, has announced an increase in its quarterly dividend to $0.23 per share, scheduled for distribution on December 15th. This change represents an annual yield of 4.4% for shareholders, signaling the company's confidence in its financial performance despite previous concerns about dividend sustainability.

VANCOUVER — Capstone Copper Corp., a mining company with a market capitalization of CA$3.4 billion, has seen significant gains recently, with retail investors playing a pivotal role in its ownership structure. These individual stakeholders hold roughly 40% of the company's shares, reflecting a substantial influence on the company's direction and performance.

CAIRO — Egypt's stock market witnessed a day of historic gains with the benchmark EGX30 index reaching nearly 24,900 points, marking a significant milestone. This surge reflects a 2.12% increase from the previous session, underscoring the bullish sentiment prevailing in the market.

The November valuation analysis of public Bitcoin mining stocks uncovers notable disparities, pinpointing potential under and overvaluations in the sector. Bitdeer emerges as significantly undervalued when assessed through the EV-to-Sales lens, while companies like Marathon appear overvalued. Sphere 3D presents a low EV-to-Hashrate ratio, suggesting a bargain based on its hardware assets, although its growth prospects are limited.

Argentina heads to vote on Sunday to choose from option to bring the Argentine economy out of an economic catastrophe. The contestants- Economy Minister Sergio Massa, from the ruling Peronist party, against libertarian outsider Javier Milei. Milei stands out for displacing a traditional center-right coalition in the first round of voting last month.

World Cup 2023: Australia defeated India by 6 wickets to lift the ICC World Cup trophy at Narendra Modi stadium on Sunday. The victory of the Kangaroos came as a major disappointment for Indians who were praying hards for team India's victory.

Economic Times reported, citing a top official of the company. The official was responding to the newspaper's query on social media posts that made unverified claims of around 500 staffers being laid off by PhysicsWallah.

World Cup 2023 for his exemplary performance. Kohli scored a total of 765 runs in 11 innings, the highest-ever runs scored by a batter in a single edition of the World Cup. He averaged at 95.62, and ended up with a strike rate of 90.3.