Performer Financial News

ISRO) is all set for the Flight Test Vehicle Abort Mission, a key part of its ambitious human space mission Gaganyaan, at 8 am this Saturday from Sriharikota. The first launch pad holds a small rocket, carrying a replica of the 'crew module' that will eventually transport Indian astronauts into space, possibly in two years' time. The test mission would take place between 7 am and 9 am. As per a TOI report, during the test, known as the 'inflight abort demonstration,' the crew escape system (CES) and the crew module (CM) will separate from the rocket about a minute after launch.

Tanla Platforms, India's largest CPaaS (communications platform as a service) provider, saw a significant jump in its shares, rising by 9.3% to reach ₹1,120 apiece, in Friday's trading session following the company's impressive Q2 FY24 results. At 11.45 AM, the stock was trading with a gain of 6.70% at ₹1,090. The company on Thursday reported a 19% YoY surge in revenue at ₹1,009 crore and 11% sequentially.

central government employees during the festive season, the Ministry of Finance has declared a Diwali bonus for them. As per the decision made on October 17, 2023, employees will receive an amount equivalent to 30 days' basic salary as a Diwali bonus. The Diwali bonus is an annual non-productivity linked bonus (ad hoc bonus) granted to central government employees.

Bhagavanth Kesari made its Box Office released on October 19. The movie generated a significant amount of buzz, leading to considerable viewer turnout. Let’s take a look at the Box Office performance of Bhagavanth Kesari over its initial two-day period.

Hindustan Unilver Ltd (HUL) and ITC Ltd Q2 performance did reflect the challenges being faced by industry on volume growth due to higher competitive intensity, weak rural demand and so on. For HUL the impact on earnings was higher in Q2 compared to ITC that sees its other businesses as Hotels, paper etc providing cushion to its earnings. The solace for companies, however, comes from declining raw material prices that are supporting margins.

(Reuters) — IHG said on Friday it expected to close out 2023 with «very strong» financials as the Holiday Inn-owner reported a rise in quarterly revenue per room on strong summer travel demand and a recovery in China to pre-pandemic levels.

credit risk. The primary objective of the scheme is to seek to generate returns commensurate with low risk and provide a high level of liquidity, through investments made in debt and money market securities having a maturity of one business day including TREPS (Tri-Party Repo) and Reverse Repo. However, there is no assurance or guarantee that the scheme's investment objective will be achieved.

Polycab India Pvt that had reported strong Q2 performance with revenues from operations at ₹4217.6 crore growing by 27% YoY and 11% sequentially, is inching closer to the targeted run rate of ₹20,000 Crore per annum revenues by FY26. Gandharv Tongia Executive Director & CFO at Polycab said that looking at the rate we have grown during Q2 and first half FY24, we should easily be able to reach our target of ₹20,000 crore of the top line by FY26. Estimates of analysts on the other hand indicate that Polycab could achieve its target of ₹20,000 crore in revenues even earlies.

₹346.20 against the previous close of ₹351.05 and fell 4.14 per cent to the level of ₹336.50 in Friday's trade so far. The stock traded 4.14 per cent lower at ₹336.50 around 10:40 am on the BSE. Indoco Remedies share price hit its 52-week high of ₹423.10 on January 2 this year and its 52-week low of ₹307 on April 26 this year, on the BSE.

Jindal Stainless jumped over 5% in early trade on Friday, outperforming the overall market's weakness after investors reacted positively to the company's Q2FY24 performance. The company, which released its September quarter numbers post-market hours on Thursday, reported a 120% jump in its consolidated net profit to ₹764 crore as compared to a net profit of ₹347 crore recorded in the same period of last year. Its revenue from operations during the September quarter came in at ₹9,797 crore, a jump of 12% YoY.

NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.

Siddhartha Khemka, Head-Retail Research, MOFSL, says “in the long term, we would continue to prefer a tier-1 IT players given that a), valuations are comfortable, b), long term growth visibility is there. But at the same time, the near term underperformance could continue and which is where one can prefer looking at the tier-2 players.” Khemka also says: “Our preference in the auto space would be Maruti, followed by Tata Motors and Ashok Leyland. Within the two-wheeler space, we have a neutral rating on Bajaj Auto, while we have a buy rating on Hero Moto because of the cheaper valuations and the improving growth in the rural sector. We prefer Hero Moto over Bajaj Auto.” What is the global screen telling you about the resilience that the Indian markets are showcasing? The Indian economy is relatively better placed compared to global peers and there are headwinds starting with the high US interest rates, bond yields, inflationary concerns, growth concerns and to top it all, the geopolitical concerns, which provides volatility, which the market does not want at this point and where earnings are kind of picking up.

SYDNEY, — Immediately recognisable by its sails glistening over the waters of Sydney Harbour, the UNESCO-listed Sydney Opera House is one of the world's most photographed buildings. Officially opened in 1973 and celebrating its 50th anniversary on Friday, 'The House' as it's affectionately known, has wowed generations of audiences with world-class performances inside one of the greatest architectural structures of the 20th century. Former architect and now part-time tour guide Peter Sekules' appreciation for the Sydney Opera House started as a five-year-old when his parents first took him to see the shiny white sails under construction, inspiring a life-long love of architecture. «I remember this unusual shaped building coming out of the peninsula...because a lot of the buildings and houses I was living in were all squares and rectangles and then there was this very funny shape of a building,» Sekules told Reuters from inside the Sydney Opera House Concert Hall. As part of the 1956 Opera House international design competition, 233 designs were submitted by architects from around the world with Jorn Utzon from Denmark chosen as the winner. Construction began in 1959 with the project meant to take four years to complete, but after Utzon resigned due to a change in government, design differences and a blow out in costs, the structure took 14 years to complete. «When I read some of his inspirations for the Opera House, he said he really wanted to make it a contrast to all the squares and rectangles which I was brought up with and to really make this as a piece of sculpture,» Sekules said.

magic of compounding. This means if you want to make your wealth grow by leaps and bounds, one of the key principles that you are supposed to adhere to is to remain invested. Warren Buffett attributes his wealth creation to compounding, among other factors.

CSX reported a 24% drop in the railroad's third-quarter profit Thursday as it hauled 2% less freight

₹70 per share. This indicates IRM Energy shares were trading at a premium of ₹70 in the grey market on Friday, as per market observers. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of IRM Energy share price was indicated at ₹575 apiece, which is 13.86% higher than the IPO price of ₹505.

Timely bill payments: Paying utility bills on time to avoid penalties. It can also include paying your credit card bills on time, as not paying on time can lead to heavy late fees and interest, adversely impacting your credit score. Maintaining sufficient savings for automatic deductions: Ensure you have money in your savings account so that your automatic savings, such as Recurring Deposits, Systematic Investment Plans (SIPs) and EMIs, can be easily debited from your account without any issues.

Paytm Q2 Results Preview: One97 Communications - the operator and parent company of Paytm will announce its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, October 20. The fintech major is expected to report strong revenue growth driven by high loan disbursals, according to estimates by analysts and leading brokerage houses.

Q2 results today: Despite speculations about global slowdown, Indian companies reported strong quarterly results in January to March 2023 quarter. The performance improved further in April to June 2023 quarter after better-than-expected recovery in the Indian economy. In fact, Indian economy has managed to keep the inflation under control throughout the year, which is expected to fuel industrial and other demands in India.

The Fundstrat Global Advisors managing director discusses his take on the markets, the economy and the Federal Reserve's management of rate hikes.

Investing.com — Stock futures dipped on Thursday evening, following a negative performance among major indices as Powell's speech hinted at the possibility of higher rates and slower economic growth needed to tame persistent inflation.