Performer Financial News

New Delhi, 3rd October 2023 — Hisense, the global leader in consumer electronics and home appliances, is pleased to announce the appointment of Ravindra Jadeja, the renowned cricketer and all-rounder, as its brand ambassador for the Television, AC, and Refrigerator categories. He is the company’s first ambassador in the Indian market.

Commonwealth Bank will be forced to offer more competitive mortgages to halt a two-month slide in market share, the first time in two decades that the country’s largest lender has recorded an overall contraction in its home loan book in consecutive months.

Enforcement Directorate (ED) has summoned Bollywood actor, Ranbir Kapoor in connection with its probe into the illegal online betting application, Mahadev Book App case. The actor has been asked to join the probe on October 6. The ED claims that the actor has endorsed the illegal app on social media and has accepted payments which the agency is treating as proceeds of crime (PoC) in the case. Mahadev App is an umbrella syndicate arranging online platforms for enabling illegal betting websites to enrol new users and create user IDs.

There are conflicting stories to tell about investing in Japan at the moment, and annoyingly both appear to be correct. The first is that the stock market is on fire, producing the best returns of any major developed country since the start of last year as foreigners wake up to the new shareholder-friendly approach of government, stock exchange and corporate boards. Billionaire Warren Buffett’s visit and positive comments in the spring highlighted the value of venturing to the country, and stocks are up more than 20% since late March as foreign cash poured in.

heaters address this concern admirably, as they lack the exposed filaments or hot surfaces found in some other heater types. This makes them a safer option, as there's no risk of accidental burns. Additionally, the ability to adjust both heat and air pressure offers more precise control over your environment, a feature not commonly found in filament or halogen heaters.

₹350 crore. During a hearing in the National Company Law Appellate Tribunal (NCLAT) on the transfer of ownership of the airline, the lenders said they have filed a new application in the NCLT Mumbai concerning the source of the money paid to them by JKC. They claimed that the money they received had come from unknown sources, and JKC did not disclose the source of the funds.

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Pixel Watch 2, alongside the much-anticipated Pixel 8 series and Pixel Buds Pro at its launch event tonight in New York. The Pixel Watch 2 is slated to make its debut in India on October 5, adding to the growing products in the smart wearable market.

₹4.79 trillion over the scheme's lifespan (spanning at least five years). Amidst all these, diligent efforts have been undertaken to elevate the skill set of India's workforce to cater to the manufacturing sector's needs, particularly in high-tech and advanced industries. Thematic mutual funds with a manufacturing focus primarily invest in companies engaged in manufacturing goods and products.

(Note: Data is sourced from Value Research) Small-cap funds are associated with higher risk, and their performance is impacted by market fluctuations. Market experts say that in the long term, small-cap mutual fund is capable of giving the maximum returns.

Pubs billionaire Bruce Mathieson wants a delay in Endeavour Group’s annual meeting and fresh information to be sent to the hotels and liquor retailing group’s 422,000 shareholders, as hostilities between the two groups worsened.

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

Samco Mutual Fund has filed a draft for Samco Dynamic Asset Allocation Fund. Samco Dynamic Asset Allocation Fund will be an open-ended dynamic asset allocation fund. According to the scheme information document, the investment objective of the scheme is to generate income/long-term capital appreciation by investing in equity, equity derivatives, fixed income instruments and foreign securities. The allocation between equity instruments and fixed income will be managed dynamically so as to provide investors with long term capital appreciation while managing downside risk. The performance of the scheme will be benchmarked against NIFTY50 Hybrid Composite Debt 50: 50 Index. The scheme will be managed by Paras Matalia, Umeshkumar Mehta, and Dhawal Ghanshyam Dhanani (overseas investments).

Today, October 4, is World Financial Planning Day. This is an initiative of the International Organization of Securities Commissions (IOSCO). World Financial Planning Day is observed to help raise awareness of the importance of financial planning. Besides being aware, it is very important for everyone to be financially independent. 

'Making Money' host Charles Payne discusses the impact of the expansion of the UAW strikes.

Pubs billionaire Bruce Mathieson says the Coles liquor business has been outperforming Endeavour’s liquor retailing chains Dan Murphy’s and BWS and a shake-up is needed.

More bad news for Regal Partners’ listed VGI Partners Global Investments vehicle.

Joshi, best known for the 2004 Shahrukh Khan-starrer ‘Swades’, recently survived an accident. The former actress, who was holidaying in Italy along with her husband Vikas Oberoi, got involved in a nasty car crash, when her vehicle collided with several other cars and a camper van. The collision took place in Sardinia reportedly.

Dalal Street bulls, if historical data for the last 10 years is anything to go by. In the last 10 years, the benchmark Nifty 50 has given positive monthly returns nine times, with an average return of 2.9%. ETMarkets did a further analysis of stocks that have given positive returns to investors consistently in October in the last three years. The analysis revealed that there are five such stocks that have given double-digit returns in October in each of the last three years.

(This story originally appeared in on Oct 04, 2023)

Sanjiv Bhasin, Director, IIFL Securities, says PB Fintech will be my stock for this Diwali to next Diwali. Paisa Bazaar, the Policy Bazaar, are raring to go. They will scramble extremely well along with Paytm. We cannot look at these stocks from their lows. We have to look from the highs because they have stabilized their businesses, particularly Paytm, you cannot do without it. The QR business which they are talking of, we are doing five times more digital transactions than China. Where have the railway, defence and shipbuilder stocks moved? From the recent 52-week high, have they started reversing? Now, one is absolute change and second is a move from the recent high. From Rs 190 plus, RVNL has become Rs 170 in one month but they are still in the green. For Cochin Shipyard, even for smaller PSU banks, the skim from the top is evident. Is the best of the gains over? If you own them, do not sell them, but don’t buy them now. Well, take it with a little bit of caution and try to do a SIP rather than go wholeheartedly because they have run up far in excess of what actually should be the case.