Performer Financial News

PVR INOX rallied nearly 4% to Rs 1,697 in Monday's trade on BSE after the firm achieved the feat of highest ever single day and weekend admissions and box office. «PVR INOX has achieved the feat of highest ever admissions and box office in a single day across our circuit on August 13, 2023. We entertained 12.8 lakh guests and earned Gross box office revenue of 39.5 crores,» the company said in an exchange filing.

ISRO) is expected to conduct another orbit reduction maneuver of the Chandrayaan-3 spacecraft to take it closer to the surface of Moon, on August 14. The action is likely to take place between 11:30-12:30 pm today. The spacecraft had moved closer to the Moon's surface on August 9 after it underwent another orbit reduction maneuver.

Around 43 schemes from contra, ELSS, flexi cap, focused, large & mid cap, mid cap, multi cap, and small cap categories offered more than 20% returns in three years. Large cap fund and value categories failed to offer more than 20% returns in the three-year horizon. There were 26 large cap and 14 value funds that have completed three years in the market. The top performing schemes offered more than 35% in three years. Bank of India Small Cap Fund topped the return chart with 37.11% returns, followed by Canara Robeco Small Cap Fund (37.08%) and Quant Small Cap Fund (36.15%). Around eight schemes offered more than 30% in three-years.

RBI has revised its inflation forecast for the fiscal year 2023-24 to 5.4 per cent from 5.1 per cent previously, and projected inflation to average 6.2 per cent in July-September at its meeting concluded on 10 August. The central bank decided to keep the repo rate unchanged. Read more: July retail inflation may hit 6-mth high of 6.5%: Poll The market appears to be in a consolidation phase and a significant spike in retail inflation print may further weigh on sentiment.

Midcap and smallcap stocks have registered strong gains in the recent months and outperformed their largecap peers. Torus Oro Portfolio Management Ltd believes that this segment of the market can drive consistent alpha generation for investors. “The mid and smallcap space provides ample opportunities to invest in businesses having great growth prospects, product differentiation, and improving business economics,” said Nitin Agrawal, CEO of the portfolio management firm. Agrawal, however, said it was important to keep in mind the underlying risk and fundamentals in check. Edited excerpts:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?India’s growth story has picked up momentum over the last few months, leading benchmark indices to lifetime highs. Despite the weak global macro factors, the Indian economy witnessed rising growth momentum, moderation in inflation and better trade balance. Further, Indian companies reported strong revenue growth and improvement in margins. This led to increased allocation from FIIs and, thus, India witnessed strong fund inflows over the last few months. Even at the current levels and based on expected EPS growth, we believe that the Indian market is fairly valued. We are comfortable with valuations from a long-term horizon perspective.

Chandrayaan-3 orbit LIVE updates: The Indian Space Research Organisation (ISRO) has noted that Chandrayaan-3 is progressively approaching the Moon, with the upcoming lunar orbital manoeuvre scheduled to take place between 11:30 am and 12:30 pm IST on Monday.“Even closer to the moon’s surface. Chandrayaan-3's orbit is reduced to 174 km x 1437 km following a manuevre performed today. The next operation is scheduled for August 14, 2023, between 11:30 and 12:30 Hrs.

The commanding performance of Nicholas Pooran and Brandon King propelled the West Indies cricket team to a triumphant victory, securing a 3-2 win in the five-match T20I series against India. The thrilling contest unfolded on August 13 at the Central Broward Regional Park Stadium Turf Ground. Brandon King who seized the limelight, amassing an unbeaten 85 runs from 55 deliveries.

₹1.5 lakh) for its upper-tier Model Y variants within China. Announced via the company's official Weibo account, Tesla's adjustments bring down the prices of its Model Y Long-Range and Performance versions to 299,900 yuan ( ₹34 lakh) and 349,900 yuan ( ₹40 lakh) respectively, Bloomberg reported. The Model Y is a pivotal component of Tesla's vehicle portfolio, sharing the spotlight alongside the popular Model 3 as the cornerstones of CEO Elon Musk's automotive enterprise.

leadership as the former health minister of the state received high appreciation, particularly in the face of the formidable Nipah and COVID-19 outbreaks. Other women legislators, writers and social activists will also join the demonstration, PTI reported.

Mukesh Ambani, chairman of Reliance Industries, India’s most valuable company, continues to be the richest man in India with a net worth of $96.4 billion, according to the Bloomberg Billionaires Index as of August 11. He is also the 11th richest in the world.

Goals are very near Equities are inherently volatile, though the blips in the journey are smoothened in the long term. If your goal is just 1-2 years away, you can’t put the corpus at risk. Start systematic transfers from equity funds to debt schemes 1-2 years before the goal date to avoid getting caught on the wrong foot.Portfolio needs rebalancing The rally in stock prices must have changed your asset mix.

Kim Jong Un made another inspection tour of major munitions factories and ordered a drastic increase in production of missiles and other weapons, state media said Monday, days before South Korea and the U.S. begin annual military drills that North Korea views as an invasion rehearsal. Kim's push to produce more weapons also comes as U.S.

With stock indices close to their all-time highs, there is bullishness all around. SIP inflows in mutual funds touched an all time high of Rs 15,245 crore in July. At the same time, a record 30 lakh new demat accounts were opened during the month.

₹40 crore on its opening day in theatres. According to trade analyst Taran Adarsh, the action-packed sequel to Deol's 2001 blockbuster film Gadar has recorded the second-best opener of 2023 after Shah Rukh Khan's 'Pathaan'.

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JB Hi-Fi says sales weakened in July after reporting a 4.3 per cent jump in revenue last year to $9.63 billion – higher than some estimates. Annual earnings and profits fell, leading to a lower dividend.

The economic transformation that climate change is forcing on the economy will “reshape the balance sheets of the Australian banks” and “some will fare better than others”, former National Australia Bank chairman Ken Henry says.

Russian experts say they think that the government will use the digital ruble to pay state benefits – and think the CBDC could be used to evade sanctions.

Last Voyage of the Demeter" struggled in its opening weekend, earning a meager $6.5 million. The movie, based on a chapter from Bram Stoker's «Dracula,» which follows the transport of the vampire's coffin from Transylvania to England, was distributed by Universal. In contrast, "Barbie" continued its dominance, securing the top spot for the fourth consecutive weekend. The Warner Bros. release generated $33.7 million, pushing its total earnings to an impressive $526.3 million. Taking second place was Universal's «Oppenheimer,» directed by Christopher Nolan. The film earned $18.8 million during the weekend, bringing its domestic earnings for the portrayal of atomic bomb creator J. Robert Oppenheimer's life to $264.3 million. This achievement solidifies its position as Nolan's fourth-highest grossing movie domestically, trailing behind «Inception,» «The Dark Knight,» and «The Dark Knight Rises.» «Teenage Mutant Ninja Turtles: Mutant Mayhem,» produced by Paramount Pictures, secured third place with $15.7 million. The animated feature, co-produced by Nickelodeon Movies and Point Grey Productions, has amassed $72.8 million in domestic earnings after two weeks. Warner Bros.' «Meg 2: The Trench» experienced a 60% drop in earnings from its $30 million opening, garnering $12.7 million and landing in fourth place. The adventure film's total domestic earnings now stand at $54.5 million. «The Last Voyage of the Demeter» had a production cost of $45 million but failed to attract audiences, marking another disappointment for Steven Spielberg's Amblin production company.

Lionel Richie and Earth Wind & Fire canceled their Madison Square Garden show on Saturday. The show was sold-out and was supposed to start at 7:30 PM ET. However, it was postponed an hour after it was supposed to begin. Lionel Richie blamed the cancellation on bad weather. He said he couldn't fly into New York because of the poor weather conditions. Around 20,000 people were waiting for the show to start. Many of them had come from out of town and had already spent money on travel and hotel expenses. Lionel Richie tweeted about the situation at 8:31 p.m. He said, «Due to severe weather and being unable to land in the NY and surrounding areas, I’m unable to make it to the show tonight.» He also announced that the show would be rescheduled for Monday, August 14. He expressed his disappointment and said he was looking forward to performing for everyone. He also mentioned that tickets for the canceled show would still be valid for the rescheduled show on Monday. Earth Wind and Fire were also part of the show. They are now set to perform at the Hartford HealthCare Amphitheater in Bridgeport, Connecticut, on Monday. It's not clear if they will be able to make it to the rescheduled show in New York.

ASX-listed accounting group Kelly Partners has hit the ground running on its mooted strategic review, drafting in Jefferies Australia to consider capital structure and ownership options to solve its valuation blues.