Performer Financial News

Mumbai: Oberoi Hotels parent EIH Ltd has posted a 61% jump in its consolidated net profit for the first quarter of the fiscal, while its revenue jumped 26.7%, compared to year ago period. The hospitality company posted a profit after tax of ₹106 crore in the quarter ended 30 June, compared to ₹69.44 crore in the corresponding quarter of the previous fiscal.

Corey Feldman, 52, has revealed that he is undergoing separation from wife Courtney Anne Mitchell, 34, after seven years of marriage due to her ongoing health issues. In a statement shared with People, Feldman expressed his sorrow over the decision, emphasizing that the separation was a result of challenging circumstances and personal growth rather than placing blame. He conveyed his enduring love and respect for Mitchell, acknowledging their shared experiences.

Hindalco Industries saw its consolidated net profit slump 40% on year to Rs 2,454 crore in the June quarter as weak prices of aluminium and subdued volumes weighed on both its domestic and overseas operations. Revenue of the Aditya Birla group company fell 9% on year to Rs 52,991 crore, while earnings before interest, tax, depreciation and amortization fell by nearly a third on year to Rs 6,109 crore. On a sequential basis, sales fell by 5%, but operating profit rose by 5%, while the bottom-line was 2% higher. The sequential improvement in performance was driven by a recovery at US-based subsidiary Novelis and the downstream aluminium business in India, and was backed by a steady performance in the copper business, the company said in a statement. “FY24 has started on a promising note. Our focus on expanding our value-added portfolio and operational efficiencies has enabled us to deliver a sustained performance in the face of continued macroeconomic pressures,” Satish Pai, the managing director of the company said in a statement.The company’s consolidated net debt to operating profit ratio rose to 1.73 times at the end of the June quarter as compared to 1.39 times as on March-end.

Jamaica's Women's World Cup run might be over for now, but the team's fight for support back home continues.The Reggae Girlz were disbanded 15 years ago when the Jamaican federation cut funding for the team. Revived in 2014, they've scrapped for resources ever since. Jamaica's performance at the global tournament in Australia and New Zealand may be turning that around. The Reggae Girlz became the first Caribbean nation to reach the knockout round, advancing in just their second appearance. The campaign came to an end on Tuesday night when Jamaica fell to Colombia 1-0 in Melbourne. Catalina Usme's goal was the only one that the Reggae Girlz conceded over the course of the tournament. «We've put ourselves on the map and we've showed what we can actually do,» goalkeeper Becky Spencer said. “I think with more funding and more resources, it just shows you what kind of team that we've got and we can only get better. I'm hoping that the federation starts to take us seriously and just pays attention to what we're doing out here.”

Pakistan in a high-voltage last round-robin league match of the Asian Champions Trophy here on Wednesday. There has been complete contrast in the overall performance of both the sides in the tournament so far. While the hosts are unbeaten in the four games they played so far, Pakistan have managed only a win along with a couple of draws and a loss and their semifinal hopes depend on the result of this vital clash. A win for Pakistan will guarantee them a spot in the last four stage, but a defeat would leave their fate on the result of the match between China and Japan. If Pakistan lose on Wednesday, they will hope for China to upset Japan. In case Japan wins, the victory of margin should be lesser. Besides Pakistan would also hope for Malaysia to beat South Korea by a big margin, which would benefit the Men in Green. With three wins and a draw, India are atop the table with 10 points, followed by Malaysia (9 points), South Korea (5), Pakistan (5), Japan (2) and China (1).

. You may hurt your partner unknowingly and unwillingly. If you have invested in the share market you may face a loss.You may plan to travel with your friends. You may hurt your partner today, which will make them sad.

Lok Sabha debate on the no-confidence motion against the government started on Tuesday with the Opposition speakers trying to focus their discourse mostly on the Manipur issue while the ruling side used the debate to showcase the performance of the Modi government and to question the viability of the Opposition INDIA grouping. As soon as Gaurav Gogoi (Congress) stood up to speak, parliamentary affairs minister Pralhad Joshi asked why Rahul Gandhi was not starting the debate despite communicating so to the Speaker's office. Gogoi asked how ministers knew and publicised what was happening in the Speaker's office.

The performance of Hindi General Entertainment Channel (GEC) offerings in recent times have witnessed muted response, with a majority of shows folding up within just three to six months, while established titles such as Anupamaa continued to dominate viewership rankings. Media consultancy Ormax said unaided awareness levels of premier Hindi GECs during their launch week have fallen by over 50% in the last decade. Viewers are dissatisfied with the lack of fresh and engaging content, amid the rise of over-the-top (OTT) platforms offering abundant alternatives, it said.

₹2,111.82 crore for the first quarter ended June 30 of fiscal year 2024. The company had reported ₹3,048.67 crore revenue in the same quarter a year ago. Its net income stood at ₹112.46 crore in the June quarter of the fiscal year 2024, as compared to ₹345.81 crore in the correspomding period a year ago, Gujarat State Fertilizers & Chemicals said in an exchange filing on Tuesday.

The first lawsuit over the use of ESG in a 401(k) has a few gaping holes — most notably that the lead plaintiff in the proposed class action wasn’t invested in any of the funds in question, defendant American Airlines said.

open-source LLMs finds its perfect embodiment in the German term "Unternehmergeist," coined by the renowned economist Joseph Schumpeter, often translated as the «entrepreneurial spirit». Schumpeter's theories, dating back to the early 1900s, emphasise that sustained growth arises from innovative ideas, with fresh advancements consistently supplanting outdated technologies.

As the tournament progresses, top teams like the USA, Canada, and Germany remain strong contenders, setting the stage for exciting quarter-final matches later this week.

By Shashwat Chauhan, Amruta Khandekar and Shristi Achar A

EIH Ltd on Tuesday reported an 65.2% year-on-year rise in its consolidated net profit (profit attributable to owners of EIH Ltd) for the fiscal's first quarter ended June (Q1FY24) to ₹103.76 crore. The company had reported a profit of ₹62.82 crore in the year-ago period.

By Mark John

₹40 to ₹42 per equity share and the Srivari Spices shares will be listed on the NSE SME exchange Friday, 18 August. Srivari Spices and Foods IPO plans to raise ₹9 crore and the total of 2,142,000 shares have been offered. The company plans to use the net proceeds to fund working capital requirements and meet general corporate expenses.

Restaurant Brands (NYSE:QSR) jumped in early Tuesday trading after topping second quarter profit and revenue consensus expectations.

Shares of home improvement giants Home Depot (NYSE:HD) and Lowe’s Companies (NYSE:LOW) each fell about 1.5% in pre-open trading Tuesday after analysts at Telsey Advisory Group downgraded the stocks.

Lionel Messi's exceptional skill has become a regular part of our summer schedules, all thanks to the Argentine maestro's choice to bring his unrivaled talent to North America. At 36 years old, he continues to captivate audiences in the United States. His recent extraordinary performance played a pivotal role in transforming a struggling Inter Miami team into quarter-finalists of the Leagues Cup. Lionel Messi secured two goals during the intense 4-4 draw against FC Dallas, and he further solidified his impact by successfully converting his penalty kick during the shootout. Supported by a few former teammates, Messi's brilliance ensured the Herons' progression in the tournament, igniting hopes of championship glory among fans before the return of MLS action later this month. Below, you'll find details on the upcoming opportunities to witness Messi and Inter Miami in action.

By Gabriel Araujo

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Home Depot, Alteryx, International Flavors & Fragrances, and Willis Towers Watson.