Performer Financial News

₹200 price decrease on household cooking gas cylinders, relieving the oil marketing companies of the impending loss of ₹7,500 crore. As a gift for the women in advance of Raksha Bandhan, the Union Cabinet on Tuesday lowered by 200 rupees the price of a 14.2 kilogramme LPG cooking gas cylinder. The decision was made as criticism of the Centre for its handling of rising inflation has grown.

The Biden administration is proposing a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court

Dollar bulls have history on their side going into September as the currency has strengthened during that month for six years in a row.

large cap stocks as several companies crossed their 20-day Simple Moving Average (SMA), indicating potential upward trends and shifts in market sentiment. Let's explore the performance of these stocks. (Data Source: StockEdge)1. Avenue Supermarts Avenue Supermarts crossed its 20-day SMA of 3596.9, closing at Rs 3664.35 on August 29.2. Pidilite Industries Pidilite Industries surpassed its 20-day SMA of 2552.5, closing at Rs 2581.95 on August 29.3. Tata Steel Tata Steel achieved a closing price of Rs 119.55, surpassing its 20-day SMA of 118.42 on August 29.4. Asian Paints Asian Paints reached a closing price of Rs 3285.7, crossing its 20-day SMA of 3256.58 on August 29.5. Bajaj Finserv Bajaj Finserv crossed its 20-day SMA of 1496.22, closing at Rs 1503.45 on August 29. 6. SBI Life Insurance Company SBI Life Insurance Company achieved a closing price of Rs 1297.2, surpassing its 20-day SMA of 1295.54 on August 29.7. Oil & Natural Gas Corporation (ONGC) Oil & Natural Gas Corporation slightly exceeded its 20-day SMA of 175.68, closing at Rs 175.7 on August 29.8. Samvardhana Motherson International Samvardhana Motherson International achieved a closing price of Rs 96.45, surpassing its 20-day SMA of 96.44 on August 29.9. HCL Technologies HCL Technologies maintained its 20-day SMA of 1157.52, closing at Rs 1157.55 on August 29. (Disclaimer: This is an AI-generated article.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

₹358 crore. Shakti Pumps share price opened at intraday low of ₹717.50 apiece on BSE, Shakti Pumps stock price hit an intraday high of ₹861.90. According to the company's exchange filing, the Haryana Renewable Energy Department (HAREDA) awarded Shakti Pumps its first work order under the KUSUM-3 scheme for 7,781 pumps.

Best-performing Flexi Cap Mutual Funds in 5 years (till August 25, 2023): While many Flexi Cap funds have given very high returns in the last one and three years, not many have performed well in five years. Data on the website of the Association of Mutual Funds in India (AMFI) shows direct plans of only five flexi cap funds have given over 15% annualised returns in 5 years. The regular plans of these schemes have given over 14% annualised returns in this duration.

math exam, have resonated deeply with a multitude of individuals. The narrative, shared by X user Zainab, underscores the power of encouragement and has evoked a strong response from readers. Zainab's poignant account revolves around her mother's unswerving support and the profound impact it had on her. Accompanying her heartfelt narrative, Zainab posted snapshots of her sixth-grade math exam paper, displaying a disheartening score of zero out of 15.

Asia Cup 2023: The Asia Cup 2023 will start from today i.e. 30 August with 1st match between Pakistan vs Nepal will be played at Multan Cricket Stadium. The high-voltage India vs Pakistan faceoff is set for 2 September at Kandy in Sri Lanka.

Eureka AI has partnered with Google Cloud to enable Operators globally to deploy Eureka’s AI Platform and suite of Analytics products to improve revenues and profitability. Telecom analytics is the telecom specific set of data intelligence processes employing which communication service providers (CSPs) collect, process and analyse large data volumes. This partnership of the telecom analytics as-a-service platform with Google Cloud allows Operators to offer their B2B enterprise partners Eureka AI’s highly scalable and privacy secure suite of products that help them to grow their digital business and financial inclusion. These products include:

GreatGuys has captured online attention with their dance rendition of the iconic Bollywood track "Koi Mil Gaya" from the film "Kuch Kuch Hota Hai," released in 1998. This performance has sparked widespread admiration, emphasizing the global reach of music and dance. GreatGuys, an eight-member boy band managed by DNA Entertainment, showcased their dancing prowess in a cover video shared on Instagram on August 18.

Gillette India with a target price of Rs 6090. The current market price of Gillette India is Rs 5534. Gillette India, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 18023.05 Crore) operating in FMCG sector. Gillette India key Products/Revenue Segments include Personal Care for the year ending 30-Jun-2022.Financials For the quarter ended 30-06-2023, the company has reported a Standalone Total Income of Rs 624.22 Crore, down -1.05 % from last quarter Total Income of Rs 630.84 Crore and up 12.59 % from last year same quarter Total Income of Rs 554.41 Crore.

Shah Rukh Khan-starrer Pathaan will release in Japan on 1 September. When released in India this January, it had made over Rs. 543 crore in domestic box office collections, emerging as the highest grossing original Hindi film till date.

Neeraj Chopra has etched his name in history as the first Indian athlete to clinch a gold medal in javelin throw at the World Athletics Championships. With an astonishing throw covering a distance of 88.17 meters, Chopra seized the gold medal, marking an epochal moment in the annals of Indian athletics.

Suzlon Energy hit a 5% upper circuit at Rs 26 in Wednesday's trade on BSE, taking their winning run to the fourth straight session as sentiment for the stock ran high. Meanwhile, in the last four trading sessions, Suzlon Energy shares have surged over 20%. Suzlon Energy also delivered multibagger returns to its investors, as the stock has rallied over 140% year-to-date. It has also jumped over 200% in the last six months and gained over 350% in the past two years. Earlier last week, the firm announced a significantly large new order acquisition for its 3 MW series of wind turbines from Teq Green Power XI Private Limited, part of O2 Power Private Limited. Suzlon will install 64 of its largest wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 MW each for the 201.6 MW wind power project, the company said in an exchange filing. Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning.

BSE Sensex rally 13% in a span of 5 months and scale to all-time highs in July. But a closer look suggested that FII dollars chased midcap stocks much more than the large cap stocks. In 5 months, the S&P BSE Midcap index has gained a whopping 29%, thanks to the steady rise in the holdings of FIIs. The value of FII holding in stocks that are part of the BSE Midcap index increased by a sharp Rs 1.8 lakh crore sequentially in the quarter ended June, data analysed by ETMarkets showed. On the contrary, the value of their holding in smallcap stocks declined sequentially by over Rs 1,200 crore.Big GainersREC was one of the best performing stocks in the midcap space, as the stock turned a multibagger in just 5 months. FIIs have raised their holding in REC for two consecutive quarters.

mutual funds.What documents do I need to start a mutual fund investment?To make your first investment in a mutual fund, you need to be KYC (Know Your Customer) compliant. To do this physically, an investor can fill out a form, attach a photograph, copies of the PAN card and a valid address proof such as Aadhaar, passport, voter identity card or driving licence. This can be submitted along with the first investment form to a registrar or a mutual fund office. To do it digitally one can use some mutual fund websites or distributor platforms which allow Aadhaa-rbased eKYC.What should be the first MF scheme that I should consider?First-time investors should choose a fund scheme keeping their goals, risk-taking ability and time horizon in mind. Typically financial planners feel if they have a time horizon of more than five years, they could opt for equity-oriented funds. However, if they have a time frame of 1-5 years they could use debt or hybrid funds, while for a time frame of less than a year, they can use arbitrage funds or ultrashort-term funds. Ideally, they could opt for a diversified equity mutual fund scheme which could be either a large-cap-oriented or flexicap fund. Conservative investors could also use an aggressive hybrid fund that allocates 65-75% to equity and the rest to fixed income. They could consider staggering their investment by using a systematic investment plan (SIP) as a tool to invest, as this evens out volatility and sharp market movements.

Zomato, CLSA maintained an underperform rating on UltraTech Cements, Motilal Oswal has a buy on M&M Financial Services and Prabhudas Lilladher recommends a buy on Navneet Education.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on Zomato: Buy| Target Rs 120 HSBC maintained a buy rating on Zomato but raised the target price to Rs 120 from Rs 102 earlier. A deep dive into hyperlocal further raises our conviction on the long-term value of Blinkit, said the HSBC note. The value for Blinkit is now at $5 billion. In the next 3-4 years, HSBC believes that Blinkit can achieve 6-7% contribution margin (CM) and 3-4% EBITDA margin. Hyperlocal could be a much bigger business for Zomato in the long term.CLSA on UltraTech Cements: Underperform| Target Rs 8400 CLSA maintained an underperform rating on UltraTech Cements but raised the target price to Rs 8400 from Rs 7900 earlier. The global investment bank expects the company to report industry-leading growth and profitability.

“FIIs also who have missed the rally in Indian markets also are looking at mid-cap companies with better earnings visibility and for better growth opportunities,” says Dr Poonam Tandon, Chief Investment Officer at IndiaFirst Life. In an interview with ETMarkets, Tandon said: “We do believe renewable energy is one of the emerging sectors of the next decade. Nearly 80% of energy requirements are met by coal, oil, and biomass” Edited excerpts:Will another rate hike by the US disrupt equity markets?The minutes of the US Fed’s last policy meeting indicated that interest rates may have to remain higher for longer given the uncertainty around the inflation outlook in the US.

Deven Choksey, MD, KRChoksey Holdings Pvt. Ltd, says “somewhere in 2024, at the end of the first quarter or in the beginning of the second quarter, I would like to book profits into some of these companies which are rallying faster compared to their earnings that could be the opportunity at that point of time. As of now, it makes sense to stay invested into these companies, given the kind of swing that we are experiencing in the business condition that these companies are at this point of time.”What do you make of the possible turnaround stories like Indiabulls Housing? They have already repaid over Rs 2,200 crore as of last week. They have cleared all $3 billion of ECBs as well. They are not just looking at a name change, but they have also applied to the regulator to become an NBFC. Do you think this is a case that one could look at?Honestly, the kind of restructuring moves that they have taken are suggesting that they are in for some serious business turnaround. However, how much impact it will bring in the near to long term, is not very clear at this point of time. Maybe furthermore, deep research into the subject will be required before we can comment on this issue.

British officials are warning organisations about integrating artificial intelligence-driven chatbots into their businesses, saying that research has increasingly shown that they can be tricked into performing harmful tasks. In a pair of blog posts due to be published Wednesday, Britain's National Cyber Security Centre (NCSC) said that experts had not yet got to grips with the potential security problems tied to algorithms that can generate human-sounding interactions — dubbed large language models, or LLMs.