Performer Financial News

BENGALURU : For Ashok Leyland Ltd, this financial year is likely to be a notable one in terms of profitability. After four years, the commercial vehicle (CV) maker is on course to clock double-digit Ebitda margin in FY24. In the first half of FY24, the measure stood at 10.7% and the company expects the second half to benefit from the twin tailwinds of better demand and softer commodity costs.

MUMBAI : The Bharat Heavy Electricals Ltd (BHEL) stock has zoomed 77% so far in 2023. The government’s capex thrust has come as a shot in the arm for capital goods stocks lately. But in the case of BHEL, a robust order inflow outlook mainly for its thermal power segment, is fuelling optimism among investors.

The Nasdaq 100 serves as the primary benchmark for technology sector companies, renowned for their strong performance in bull markets, often surpassing traditional value companies.

Shinde on Sunday used a music analogy to describe the current state of politics as «besur sur» (not in tune). Shinde, who heads a coalition government comprising Shiv Sena, BJP, and NCP (Ajit Pawar faction), performed bhoomi pujan of Bharat Ratna Lata Mangeshkar Sangeet Vidyalaya in his home turf Thane and also inaugurated various civic projects. «The world had witnessed a Lata Mangeshkar era wherein she mesmerised the people with her rich repertoire of songs,» he said.

World Cup 2023's top wicket taker Mohammed Shami had to sit out for the first four matches of the tournament. Then he made a big comeback. The veteran Shami, 33, came into the side after an injury to all-rounder Hardik Pandya and soon made an impact with a five-wicket haul against New Zealand in Dharamsala. Later in the semifinal he took 7-57 in the semi-final against New Zealand in Mumbai. «It was tough for him to not play the initial part of the World Cup, looking at him being one of the senior bowlers for us,» said Rohit. «But he was there for the team. He was there to help Siraj, he was there to help Bumrah in whatever way he could. And that shows the quality of him, being the team man that he is.» «The results are there for everyone to see how he has come back from that. That shows the kind of mental space that Shami had before the World Cup and now.» Shami has claimed close to 200 wickets in 100 ODIs for India since his debut in 2013.

Physics Wallah said it may let go of 70-120 staffers, amounting to less than 0.8% of its workforce in relation to performance concerns. The decision, undertaken after a mid-term appraisal analysis ended in October, is aimed at ensuring Physics Wallah’s primary focus on maintaining a high-performing team, a top official told ET. The spokesperson was responding to ET’s request for comments on several posts on social media about Physics Wallah laying off over 500 staffers in a “totally unprofessional” manner. ET could not verify the contents of the social media posts.

Air Force capabilities but also in increasing the productivity and production ability of defence public sector units, Air Chief Marshal Vivek Ram Chaudhari said on Sunday. Responding to a question during a session at the Synergia Conclave 2023, he said the private industry also needs to ensure that they match up with the production capability to ensure that the rollout of fighters that the Air Force orders takes place on time.

MS Dhoni retired from international cricket three years ago. Yet he trended on social media platform X, formerly known as Twitter, on the day of the World Cup final between India and Australia. Many fans pointed out Dhoni is the only Indian captain to hit a 50 in World Cup finals. Current Team India skipper Rohit Sharma came very close to match Dhoni's feat but fell short by just 3 runs. Sharma fell for 47 runs off 31 balls but helped his team to a blazing start. This is the fourth time Team India are in the finals of ODI World Cup.

Virat Kohli signed off World Cup 2023 on a high. He made 54 in the finals off 63 balls against Australia in the finals in Ahmedabad. The star batsman reached 50 landmark in 56 balls. In 11 innings, Kohli scored 765 runs at an average 95.62 — the highest ever runs in a single edition of a World Cup. He hit 3 hundreds and 6 fifties during World Cup 2023. With 765 runs, he broke Master Blaster Sachin Tendulkar's earlier record of 2003 edition of the World Cup. Sachin had scored 673 runs in the 2003 edition or the World Cup, a record that the Master Blaster held for almost 20 years. Virat Kohli also broke Sachin's record of most number of ODI centuries during this World Cup. He scrred a record-breaking 50th one-day international hundred in unbeaten hosts India's 70-run semi-final win over New Zealand. That innings saw Kohli surpass the mark of 49 centuries he had shared with retired India great Sachin Tendulkar. During this World Cup, Virat Kohli also leapfrogged for Australian skipper Ricky Ponting to be the third highest scorer in ODIs. In 292 matches, Kohli has scored 13848 runs vs Ponting's 13704 runs in 375 matches. Sachin Tendulkar (18426 runs) holds the record for most runs in ODIs, followed by Kumar Sangakkara (14234 runs)

By Marcela Ayres and Pilar Olivares

World Cup Final India vs Australia: The Surya Kiran Aerobatic Team on Sunday, 19 November, conducted an air show over the Narendra Modi Stadium in Ahmedabad ahead of the commencement of the ICC World Cup Final match between Rohit's Sharma-led Indian men's cricket team and Pat Cummins-led Australia Men's cricket team. The Indian Air Force's aerobatic team Surya Kiran on Friday rehearsed for the air show it was scheduled to perform ahead of the Cricket World Cup final.

ISRO) is focusing on their next project, Chandrayaan-4. This mission aims to bring back soil samples from the Moon. This will mark India as a frontrunner in space exploration.

Narendra Modi on Sunday sent his best wishes to the Indian cricket team as they gear up for the highly anticipated World Cup final against Australia. PM Modi through his official X handle, conveyed that the entire nation, with its 140 crore citizens, stands united in support of the 'Men in Blue' as they face the five-time world champions. «All the best Team India! 140 crore Indians are cheering for you.

Australia prepares to lock horns against India in the final of ICC Cricket World Cup final at Narendra Modi Stadium on Sunday, a key aspect to be discussed is the performance of Australian middle order in the tournament. While Australia had a dramatic change of fortune following two big losses to India, the same cannot really be said for its middle-order lineup featuring Steve Smith, Marnus Labuschagne, who are the team's anchors and Josh Inglis and Glenn Maxwell, the lower middle-order batters who are supposed to attack. The Australian middle order has been highly inconsistent in this tournament.

ODI World Cup 2023 Final between India and Australia at Narendra Modi Stadium on Sunday, fervent prayers, aarti, and havans were conducted across India as fans sought divine intervention for a triumphant outcome for the Men in Blue. In Prayagraj, members of the transgender community joined in prayer for the victory of the 'Men in Blue' in the highly anticipated Final against the five-time World Cup champions, Australia, as reported by ANI. Simultaneously, a 'hawan' took place at Mumbai's Madhavbaug Temple, where cricket enthusiasts fervently prayed for the success of Rohit Sharma-led India against the formidable Aussies.

Mercedes and Audi have dispatched record units this festive season as the demand for high-end cars continues to grow in the country. Driven by brisk sales throughout the year, the luxury car industry in India is hopeful of achieving its best-ever performance this year. In an interaction with PTI, Mercedes-Benz India Managing Director Santosh Iyer said the festive season this year from Onam to Diwali has been better than last years', owing to multiple new launches, an attractive portfolio and also strong customer sentiment.

Sachin Tendulkar, who arrived in Ahmedabad earlier on Sunday to attend the World Cup final between India and Australia, said he was hopeful that the hosts would lift the coveted trophy for the third time in its cricketing history. The final between the two-time champions and the five-time winners will be staged at the Narendra Modi Stadium, which is acknowledged as the biggest cricketing arena in the world. Speaking to reporters on his arrival at the Ahmedabad airport on Sunday, the 'Master Blaster' said, «I have come here to extend my good wishes. Hopefully, the Indian team will prevail against Australia and lift the World Cup for the third time.

Hinduja Group flagship firm Ashok Leyland is keen to get external investments for its electric vehicle arm Switch Mobility but only from 'the right strategic partner', and it will not shy away from investing on its own till such an ally is found, according to its Managing Director and CEO Shenu Agarwal. While Switch India is likely to be cash neutral or cash positive going forward, on an operating level at least, for Switch UK some more investments may be required in FY25, with the European and UK markets still not going that strong, he told analysts. «We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side,» Agarwal said. He was responding to a query on whether the current tough funding environment could delay roping in an external partner for Switch Mobility, which houses the electric vehicles (EV) business of Ashok Leyland.

Apple’s latest MacBook Pro is powered by three new M3 generation processors. The 14-inch and 16-inch MacBook Pro come with M3, M3 Pro and M3 Max configurations. We reviewed the M3 Max-powered 16-inch MacBook Pro with a whopping 48GB of RAM and 1TB of SSD storage.

BJP focusses on strengthening its organization at ground level in Uttarakhand, the state’s main opposition Congress is trying hard to revive its old support base ahead of the 2024 Lok Sabha polls. BJP, which won all the five seats in the 2014 and 2019 LS polls, is aiming to repeat its same performance in the coming 2024 LS polls. Apart from selecting “Vistarak” for all the five LS seats, the party has started a special campaign to make voters aware about various schemes of the centre as well as the state government. For this purpose, the party has been forming “Toli” (a group of BJP supporters) at every booth.

ICC Men's Cricket World Cup Final today. The Host nation will feature in the event’s final for the fourth time in a row, starting with India themselves in 2011. Led by Rohit Sharma’s belligerence and Virat Kohli’s assurance, the batting unit has clicked in all their games so far.