Performer Financial News

Cash-strapped Sri Lanka is likely to get help from its largest bilateral creditor China ahead of IMF's bailout plan. According to the PTI agency report, China has assured the island nation it will address the debt challenges before it finalises the external and domestic debt restructuring of $41 billion by September before the International Monetary Fund (IMF). The IMF is set to conduct its first review of the $2.9 billion bailout granted to Sri Lanka in March this year from 11-19 September.

full-time chairman and managing director, effective 14 August. "Previously, she was holding the additional charge of Chairman and Managing Director (CMD) from June 1, 2023, and was Director (Finance), PFC, since July 1, 2020," the company said in a statement. With this, Chopra becomes the first woman to lead India's largest non-banking finance company PFC, the company said.

₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. “We raise our FY24E Nifty EPS by 2.5% to ₹988 (earlier: ₹964) due to notable earnings upgrades in Tata Motors, JSW Steel, Bharti Airtel, SBI, and Kotak Mahindra Bank. We now expect the Nifty EPS to grow ~22% and 16% YoY in FY24 and FY25," Motilal Oswal said in a report.

ASX-listed global equities’ manager GQG Partners has reassured the market that a key tie-up with Goldman Sachs is sound, as it delivered another half of revenue growth, defying broader weakness in the funds management sector.

Health Care has raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG The fundraise will provide significant capital to fuel the company’s expansion plans. The company plans to deploy capital to expand the current network of 150+ centres to over 300+ centres in the next 3 years. The company has new projects in development in Mumbai, Punjab, central and northern India, among others.

Quant Small Cap Fund increased investors wealth by around 2.58 times in five years, and offered 39.91% XIRR. Nippon India Small Cap Fund, the largest scheme in the small cap category based on AUM, increased investors' wealth by 2.22 times. In simple words, if someone started an SIP of Rs 1,000 on August 10, 2018 in Nippon India Small Cap Fund, the investment would have increased by around 2.22 times to Rs 1.33 lakh. Quant Mid Cap Fund offered a XIRR of 29.42% and increased investors’ wealth by 2.03 times. The scheme is benchmarked against Nifty Midcap 150- TRI. The benchmark offered 25.19% during the same time period.Quant Tax Plan gave a XIRR of around 29.06% on investment made through SIP in five-years. An SIP of Rs 1,000 made on August 10, 2018 would have now become Rs 1.20 lakh now. The scheme is benchmarked against Nifty 500 -TRI. The benchmark gave around 17.77% in five-years.

Sunny Deol dug out a hand-pump to fight the people who were against his love? Who doesn't? Twenty-two years later, the superstar recreated the same sequence for the unstoppable 'Gadar 2', directed by Anil Sharma. It is one of the classic Bollywood scenes that is engraved in people's minds, including Bollywood heartthrob Kartik Aaryan's. Dressed in a white shirt, the actor watched the show at the Gaeity Galaxy cinema in Mumbai recently.

Hemang Jani, market expert, says “from a short-term perspective, the power and ancillary sector could give 5%, 10% up move but one should not really consider proper long-term investment in these stocks because when they go out of flavour, then one might see a little bit of subdued movement for an extended period of time.”Do the power or ancillary stocks interest you right now?From a short-term technical perspective, because of the MSCI rebalance where you will see incremental flows coming into the name like PFC, REC and also the fact that GQG came in and picked up some stake in Adani Power could create some more momentum for the Adani Group company and generally for the midcap utility companies. So, from a short-term perspective, that sector could give some momentum – maybe 5%, 10% up move — but I do not think that one should really consider proper long-term investment in these stocks because when it goes out of flavour, then one might see a little bit of subdued movement for an extended period of time.Do you track this Alkem?It is a very steady kind of a company and the numbers were pretty much in line.

As many as 40 companies, part of the BSE 500, reported more than 100% year-on-year (YoY) growth in profit in the quarter ended June, data analysed by ETMarkets showed. Profitability increased both on a YoY and sequential basis across sectors, led by stable-to-higher product prices and stable-to-lower raw material prices. Among the 40 companies were four public sector banks, including the country’s largest lender State Bank of India.SBI reported a 149% YoY growth in net profit to Rs 18,736 crore, while Punjab National Bank’s profit surged by nearly three times to Rs 1,211 crore.

President Joe Biden has devoted the past several weeks to talking up the positive impacts of his policies — but his efforts have yet to meaningfully register with the public

NEW DELHI: After reporting a decline in margins in the June quarter due to performance-based appraisals for FY24, Cigniti Technologies is hoping to be back on the growth path from Q3. “As we move forward, our strategic initiatives, like a better offshore-onshore mix and focus on long-term value creation, would pave the way for improved margins, potentially from Q3 onwards,” said Cigniti Technologies CEO Srikanth Chakkilam. Edited excerpts:During the quarter, your revenue improved sequentially but margins declined. Do you see margins improving from Q3 onwards?We have reported a sequential growth of about 3.4% on a quarter-on-quarter basis, which we believe to be a fair performance given the recent macroeconomic conditions.

MUMBAI — Buying unpopular stocks and selling the popular ones is one of the key strategies adopted by Counter Cyclical PMS, which has helped its smallcap fund give multibagger returns over a 3-year period. “We try to stay ahead of the curve, by spotting promising companies early, before they come into the limelight,” says Keshav Garg, director, Counter Cyclical PMS.

«I agree things are not as great as had been hoped. I think gloom and doom is perhaps overdoing it quite a bit. There are clearly headwinds and challenges that most people in markets had not expected,» says Arnab Das, Global Market Strategist — EMEA, Invesco.A lot of gloom and doom over what is clearly a worrying trend on the Chinese economy. How much fear do you think investors need to harbour? How many red flags do you see, without any pun intended, but how much fear should investors factor in right now, looking at these macro trends that are emerging in China?Listen, I agree things are not as great as had been hoped.

Origin Energy expects earnings in its energy markets business to improve this year before a softening in electricity profits as tariffs finally turn south.

Super Retail Group chief executive Anthony Heraghty has rewarded shareholders with a special dividend of 25¢ a share after sales and profits rose over the 2023 financial year.

Leonard Bernstein has defended Bradley Cooper's controversial decision to wear a large prosthetic nose while playing the Jewish composer in a new film.Oscar nominee Cooper — who wrote, directed and stars in "Maestro" — has received criticism since a trailer for the upcoming Netflix film was released online this week. Critics said the decision to wear a fake nose plays up to Jewish stereotypes, and have dubbed it "Jewface," in reference to the historic «Blackface» practice of non-Black performers darkening their faces for roles. Others have questioned whether non-Jewish actors, like Cooper, should even play Jewish roles. But the late Bernstein's three children said they were «perfectly fine with» with Cooper's decision «to use makeup to amplify his resemblance» to their father. «It happens to be true that Leonard Bernstein had a nice, big nose,» wrote Jamie, Alexander and Nina Bernstein in a statement on social media. «We're also certain that our dad would have been fine with it as well,» they added. Bernstein, the son of Jewish-Ukrainian immigrants, died in 1990 but remains one of the best-known composers and conductors of all time. He served as music director of the New York Philharmonic, and wrote the Broadway musical «West Side Story.»

Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam's Club unit, to head its $100 billion international business at a time when high inflation is squeezing spending in many global markets and China's economy is slowing. McLay, a 49-year-old Australian considered a star within the U.S. company's ranks, will take over the division on Sept.

Vikram lander is expected to separate from the spacecraft's propulsion module on Thursday. The lander and rover, Pragyaan, are scheduled to land on the Moon on August 23, a moment, which if successful, will boost India's space ambitions. Chandrayaan-3 is the gritty India's fightback after failures and heartbreaks.

MSCI's broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov. 29. It was last down 1.14% at 497.11, with the index down 8% for August and set for its worst monthly performance since September.

Kettlebells come in a variety of colours and shapes, and can easily be stored due to their compact design, which makes them perfect for home workout routines. Here are our picks for 6 of the best kettle bells in India. Read on to know more about each product.

Gadar 2 asserts its dominance with a staggering 6-day collection of ₹263.48 crore as per early estimates for Day 6. The film's journey, marked by striking highs and lows, unveils a captivating narrative of audience engagement and performance. Gadar 2 embarked on its theatrical journey with a resounding bang, accumulating ₹40.1 crore on its inaugural Friday.