Performer Financial News

Last week, Fitch downgraded the U.S. debt rating to AA+, which is one notch below the highest rating. This came after Fitch had placed the rating on negative watch back in May due to concerns surrounding the debt ceiling.

Samvardhana Motherson International Ltd (SAMIL) on Thursday said its consolidated net profit jumped over four-fold to ₹601 crore for the first quarter ended June 30, 2023. The company had reported a net profit of ₹141 crore for the April-June quarter of last fiscal.

Vande Bharat Express trains symbolize the fulfilment of growing aspirations, whereas expressways being constructed by the government are transforming road connectivity. We now have the world’s second biggest road network, having overtaken China’s (as with population) but not America’s. As for aviation, India’s “Hawaai chappal mein hawaai yatra" (air travel in modest slippers) slogan was coined to capture and fulfil the dream of modestly-earning citizens to travel by air, like their better-off counterparts.

AI stocks appear to be coming off the boil. So should financial advisors sell these names out of client portfolios before they go totally cold? Or sweat out the recent sell-off in case things heat up again?  

Riley Keough, who is Elvis Presley's granddaughter, recently had an in-depth conversation with Vanity Fair for a feature story published on Tuesday. In the interview, the 34-year-old actress discussed her mother Lisa Marie Presley's untimely passing in January due to complications from weight-loss surgery. She also talked about the subsequent legal dispute that emerged with her grandmother Priscilla Presley over her mother's estate. Priscilla released a statement in May confirming that the family had «resolved all confusion as it relates to our plea to the court.» As per Vanity Fair, Keough is now the sole trustee of Lisa Marie's estate. She is also the sole custodian of Graceland and the family's shares in Elvis Presley Enterprises, an estate reportedly valued at around $500 million. Amid varying accounts, Riley Keough has clarified that Priscilla is indeed permitted to be laid to rest at Graceland alongside her late husband Elvis. The Memphis estate holds the final resting place for multiple generations of the Presley family, a lineage that includes Keough's younger brother, Benjamin, who tragically passed away at the age of 27 in 2020.

A17 Bionic chip. According to GSM Arena, noted tipster @URedditor has shared insights that reveal the chip's architecture. The A17 chip is expected to possess a remarkable composition, with six CPU cores and six GPU cores. This signifies a notable leap from its predecessor, the A16 Bionic, which had five GPU cores. This boost in core count promises significant performance enhancements, ensuring a seamless user experience across a variety of applications. It doesn't stop there. The A17 Bionic chip is reported to operate at a maximum clock speed of 3.70 GHz, reinforcing its potential as a powerhouse for computational tasks and graphics-intensive activities. Notably, this chip is anticipated to be manufactured using the cutting-edge 3nm process by Taiwan Semiconductor Manufacturing Company (TSMC).

Abu Dhabi and Jhajjar, flexibility in existing courses and overall wellness of students are the top focus areas for Indian Institute of Technology Delhi for next year, director Rangan Banerjee told ET. The revision in curriculum will see inclusion of sustainability and communication skills which would most likely have credits as part of the existing courses. «We are still deciding how to incorporate these relevant subjects,» Banerjee said on the sidelines of a pre-convocation press briefing.

Alkem Laboratories Limited, on Thursday, reported a 124.6% year-on-year surge in its profit after tax (PAT) at ₹286.73 crore for the June quarter. Revenue from operations stood at ₹2,967.7 crore in the first quarter of the current fiscal year, up 15.2%. The company’s earnings before interest, tax, depreciation and amortization (Ebitda) was ₹389.2 crore, while Ebitda margin stood at 13.1%.

Stamford, Connecticut, United States & Bengaluru, Karnataka, India – Business Wire India Protegrity, the global leader in data security and privacy, today announced Dante Malagrino has been appointed Chief Product Officer (CPO), and Christian Carnell has been appointed Chief Financial Officer (CFO). Reporting to Protegrity CEO Paul Mountford, Malagrino and Carnell will take on their new executive leadership roles in August to lead Protegrity’s next phase of growth.“We believe the market opportunity is massive, and that no one is better positioned than Protegrity to meet this moment," said Paul Mountford, CEO of Protegrity.

Investing.com — U.S. futures rose Thursday, with investors awaiting a key inflation release which could provide clues towards future Federal Reserve interest rate decisions.

By Christoph Steitz and Tom Käckenhoff

Mark Zuckerberg's Meta recently unveiled its Llama 2 chatbot. Microsoft has been appointed as Meta's preferred partner on Llama 2, which will be available through the Windows operating system. Meta's approach with Llama 2 contrasts with that of the company OpenAI, which created the AI chatbot ChatGPT.

Kunj Bansal, Investment-illiteracy.com, says “pharma is one sector which has remained neglected for the last 7, 8 years or so and which is where we seem to have been seeing the interest coming in partly or largely backed by the finally improving financial numbers, both in the US market as well as in the Indian market. I think that is where something similar can continue to remain an investment opportunity.”I guess Zee is where all the action is right now. News just in, the NCLT has approved the Zee merger with Sony India. They have dismissed all objections from creditors. The only overhang I guess now or the other event is that SEBI is yet to pass the final order against Subhash Chandra and Punit Goenka. But does now Zee become a buy for you?I wish I had such simple answers to such simple questions.

Investing.com — Alibaba (NYSE:BABA) has posted first-quarter adjusted core income that topped analyst estimates, as the Chinese e-commerce giant was boosted by strong consumer spending during a major shopping event in China in June.

Telegram bot tokens are trending in the cryptocurrency market. These are crypto projects that offer specific products and services on the Telegram app, such as decentralized trading and AI-backed insights. 

Render is bouncing back, after a tumultuous two-months saw holders endure a -40% bleed-out since May, but with resistance from moving averages on the way - is RNDR going to zero?

Army chief General Manoj Pande received a ceremonial welcome with a Guard of Honour at Horse Guards Parade in London at the start of his UK visit on Thursday. Gen. Pande was received by the UK's Chief of the General Staff, Gen.

7.5 kg dumbbell sets are heavy enough to provide a challenge, but not so heavy that they are impossible to lift. They can be used for a variety of exercises and strength training. Read on to find our picks for 6 of the best 7.5 kg dumbbell sets in India.

₹ 5 lakh per family per year to over 10.741 crore families from the poor and vulnerable section of the population. PMJAY is an entitlement-based scheme which aims to improve affordability, accessibility, and quality of care for the poor and vulnerable section of the population. So far, 5,47,68,027 hospital admissions have been authorized and 24,42,78,276 Ayushman cards have been created under the scheme.

Pidilite Industries, the adhesives manufacturer, on Thursday reported a strong growth of 31.5% in its net profit for the quarter ended June 2023 at ₹473.7 crore from ₹357.5 crore in the year-ago period. The company’s consolidated revenue in Q1FY24 rose 5.6% to ₹3,275.1 crore from ₹3,101.1 crore, YoY. On a standalone basis, net sales at ₹2,952 crore grew by 6% over the same quarter last year.

Thomas Cook India reported an income from operations of Rs 1899 crore in its consolidated results for the quarter ended June, up from Rs 976 crore in the corresponding period of the previous fiscal. The company reported a profit of Rs 71 crore for the quarter ended June, up from Rs 6 crore in the corresponding period of the last financial year.