Performer Financial News

₹6,765.5 crore in the first quarter of the fiscal year 2023-24 as compared to a net loss of ₹8,557 crore in the same period last year. The company’s net profit increased by 87.5% from ₹3,608.3 crore in the quarter ending March 2023. HPCL’s revenue fell to ₹1.18 lakh crore in Q1FY24 from ₹1.21 lakh crore a year ago.

Click here to subscribe to the Prime membership. But that's not all! Brace yourselves for the shopping extravaganza of the year – the Amazon Great Freedom Festival Sale! Igniting the frenzy at the stroke of midnight on 4th August, this sale will last all the way until 8th August. Prepare yourself for an extraordinary range of discounts and offers across gadgets, fashion, home appliances, lifestyle essentials, and more. Check out this article to score incredible discounts on laptops, gaming laptops, and tablets during this mega sale event. Whether you're upgrading your tech arsenal or looking for the perfect gift, the Amazon Sale has something for everyone.

Union AMC announced the appointment of Harshad Patwardhan as the Chief Investment Officer (CIO). From 2006 to 2016, Patwardhan served as the CIO of Equities India at JPMorgan (JPM) Asset Management, where he also was a member of JPM's offshore India equity team. Subsequently, he spent five years as the CIO of Edelweiss AMC before transitioning to Girik Wealth Advisors as the CIO. «We are delighted to welcome Harshad Patwardhan to our leadership team,» said G Pradeepkumar, Chief Executive Officer at Union AMC. «His deep-rooted understanding of Capital Markets and the investment process aligns perfectly with our mission to deliver consistent, long-term value to our clients. We are confident that his leadership will play a key role in enhancing the fund's performance and maintaining our commitment to creating value for our investors.» Patwardhan said, “I am excited to join Union AMC and look forward to working closely with the leadership team. I am confident that we can build further on the excellent work done by the investment team. I see a great opportunity to further enhance our offerings' quality, scale, and scope and work closely with our distribution partners to help our investors achieve their financial goals.”

Unlock additional savings by using your SBI credit card, gaining an instant 10% discount on your purchase. And that's not all! Pay with UPI for orders above Rs 1000 and enjoy flat Rs 100 cashback. Now's your chance to own the latest premium smartphones with discounts of up to 40%, along with exchange offers, no-cost EMI, and exclusive coupons. This sale showcases all the best and most popular smartphone brands in India. If you're eyeing a smartphone upgrade, seize this golden opportunity! Prepare to be amazed by the incredible prices and irresistible deals. Happy shopping!

Sanjiv Bhasin, Director, IIFL Securities, says “Tech Mahindra, HCL Tech and Persistent continue to be my three top picks there. But, right now, I am seeing more flavour in other players. Apollo Hospital, SBI Life, HDFC Life, BEL.

«We have been quite satisfied with the quarter one performance and it was as per our plan. Quarter one generally is slightly weaker from the margin profile because Akshaya Tritiya which is more gold-led quarter and studded activation actually happens in quarter two,» says Ashok Sonthalia, CFO, Titan.

sustainable future, reshaping urban logistics through the adoption of electric vehicles (EVs) and innovative last-mile solutions has become imperative. These transformative measures not only mitigate environmental impact but also enhance efficiency and convenience.Transitioning to electric vehiclesWidespread adoption of electric vehicles is a key element in reshaping urban logistics. The advantages of EVs are evident in the reduction of air and noise pollution within cities. Furthermore, with advancements in battery technology, the electric vehicles now offer improved range and performance, making them increasingly viable for commercial use. The benefits of electric vehicles extend beyond environmental impact. According to a study by the International Council on Clean Transportation, electric delivery vehicles emit 40% fewer greenhouse gas emissions compared to their diesel counterparts. Furthermore, EVs have lower operational costs due to reduced maintenance requirements and the availability of cost-effective electricity compared to gasoline or diesel. Governments and organizations worldwide are introducing incentives, subsidies, and charging infrastructure to accelerate the transition to EVs, thereby fostering economic growth and job creation in the electric vehicle sector.

India's dominant services sector continued its robust performance as total sales rose at the quickest pace since June 2010, PMI data released on Thursday showed. S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5. Analysts at Reuters had pegged a dip to 58.0.

"[Jisoo and Ahn] are in a stage where they are getting to know each other slowly with good feelings. We would appreciate if you could watch the couple with a warm gaze," YG Entertainment stated in their announcement, urging fans to respect their privacy while they embark on this new journey together. The confirmation came after a Korean media outlet reported on the blossoming romance between Jisoo and Ahn, marking a significant milestone for the Blackpink members. It is the first time that YG Entertainment has officially acknowledged and confirmed a dating rumor about any member of the internationally renowned girl group.

«This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said,» says Ronald Siyoni, Sharekhan.The details are out. The valuation is 5000 odd crores. They are acquiring 56% stake thereabout. What do you make of the valuation?This acquisition has been in the news for quite a bit of a time and earlier the quoted figures was around Rs 6000 crores but now Rs 5000 crores seems reasonable at $100 per tonne as you said.

Life Insurance Corporation of India (LIC) used FII selling worth Rs 9,000 crore as an opportunity to load up tech stocks. An analysis of the June quarter shareholding pattern shows that LIC raised ownership in all the seven largest IT stocks in Q1 ahead of their troublesome report cards. Tech Mahindra, whose Q1 revenue declined 4.2% quarter-on-quarter in CC and missed estimates, saw the biggest quarter-on-quarter increase in LIC holding by 140 basis points to 9.47%.

These schemes were from across the categories such as contra fund, ELSS, flexi cap, focused fund, large & mid cap, large cap, mid cap, small cap, and value fund. Mid cap category was the worst hit. Around 83% mid cap schemes underperformed their respective benchmarks in the three-year horizon. Only four mid cap schemes – HDFC Mid Cap Opportunities, Motilal Oswal Midcap Fund, Quant Mid Cap Fund, and SBI Magnum Midcap Fund – could beat their benchmarks. Out of 24 mid cap schemes, 20 schemes failed to beat their benchmarks.

Lionel Messi showcased his brilliance once again as he led Inter Miami to a 3-1 victory against Orlando City in their Leagues Cup match. Despite a rain delay of an hour and a half, Messi wasted no time in making an impact. In the seventh minute after the match resumed, Messi received a pass at the top of his chest and swiftly slotted the ball into the back of the net with his left foot, giving Inter Miami a 1-0 lead.

Q1 results today: Amid falling stock market due to weak global market cues after Fitch downgraded US credit rating from AAA+ to AAA, stock market experts are suggesting stock specific approach to intraday trading members. For long term investors too, Q1 results 2023 is an important trigger as it would help them understand the fundamentals of the company to find out quality stock at discounted levels.

PayPal Holdings shares fell 7% in extended trading on Wednesday as investors were disappointed by the payments firm's quarterly operating margin, even as executives said they expect improvement towards the end of the year. Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company's low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple .

Narendra Modi has asked BJP leaders to reach out to Muslim women during the upcoming festival of Raksha Bandhan which will will fall on August 30 this year. PM Modi's statement came against the backdrop of his government's decision to ban triple talaq which boosted the overall sense of security for Muslim women. PM Modi made this remark at a meeting of BJP-led NDA MPs from West Bengal, Odisha, and Jharkhand on Monday night in which he and other senior BJP leaders highlighted various development initiatives of the central government for different sections of society.

South Korean music group Tomorrow X Together is set to take the stage at the upcoming Lollapalooza music festival in Chicago, US, as a first-time headliner. Also called TXT, the band first performed at the gala in 2022. According to a press release, TXT will become the second K-pop act after BTS member j-hope to headline the festival, scheduled to run from August 3 to August 6 this year. The group — comprising Soobin, Yeonjun, Beomgyu, Taehyun and HueningKai — will perform at Lollapalooza 2023 on August 5 from 8.30 pm to 10.00 pm. The performance will be available for live viewing for global fans everywhere on Weverse Live, YouTube, and Hulu (only in the US), the release said. At the gala, the quintet will be accompanied by a live band and will present a set-list of songs from their discography.

The Argentinian women's football team departed the Women's World Cup in New Zealand with a sense of both disappointment and optimism. While they fell short of securing any win, the team's spirited performances in their three matches have given them hope for the future, with a new generation of players showing great promise. Their first match against Italy came close to an upset, but a late goal from the opposition resulted in a 1-0 defeat.

Adani Q1 Results Live: Adani Enterprises - the flagship company of the Gautam Adani-led conglomerate ‘Adani Group’, as well as its power major Adani Power will declare their April-June quarter results for fiscal 2023-24 (Q1FY24) on August 3. The entities of the ports-to-power conglomerate have so far declared mixed results in the quarter-under-review.

Link Group will plummet to a bottomline loss of $418 million in the 12 months to June 30 because of heavy one-offs and provisions stemming mainly from a messy exit from a troubled United Kingdom business.

Toyota Motor is bringing a long-running icon of off-roading back to the U.S. At an event in Tokyo on Wednesday, Toyota showed off a new Land Cruiser, reminiscent of boxy pre-2000s versions of the sport-utility vehicle. The company said it plans to bring the new vehicle to the U.S.