Performer Financial News

Netweb Technologies IPO: Listing date for the initial public offering (IPO) has been fixed on 27th July 2023 i.e. today.

Together Fund, led by Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg, has announced its second fund worth $150 million to continue backing opportunities in the Indian software-as-a-service (SaaS) and artificial intelligence (AI) space. The total corpus for Together’s Fund II is almost double that of the previous one, as it looks to make larger follow-on investments and back local disruptors in the generative AI space. It has also marked a first close of the second fund, raising the corpus from endowments and sovereign funds across the US and Asia.

Axis Bank, India's fourth-biggest private lender by market value, Wednesday reported a 41% rise in its June quarter net profit to ₹5,797 crore on the back of higher business income. The bank had posted profits of ₹4,125 crore a year ago. Bank's net interest income (NII), or core income, climbed 27% on year to ₹11,959 crore versus ₹9,384 crore in the same period last year.

In another wave of engine trouble in India, IndiGo, the country’s largest airline, will need to send some of its Airbus A320neo family aircraft using Pratt and Whitney engines for inspection as the US engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimize any potential impact to our fleet," a spokesperson for IndiGo said.

It’s stops and starts in the tussle between TPG and InvoCare, the ASX-listed funerals business the private equity suitor is hoping to mop up.

MUMBAI : Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment subject to pricing, regulatory approvals, and required procedures. However, in no circumstance will it exceed 9.9%," said the Mahindra group in a regulatory filing on Wednesday evening while commenting on the stake acquisition in RBL Bank, which has recently expressed its new strategy to shift from bulk to granular deposits model to expand the bank’s margins beyond 5%.

Amidst the US Federal Reserve's latest policy meeting on Wednesday, Bitcoin price finds itself in a consolidation phase near the $29,300 mark. 

A group of hedge funds is devising a plan to cut off about $1 billion meant to help victims of opioid addiction, opening the way to keep some of the money for themselves. Mallinckrodt, one of America’s largest manufacturers of opioids, last year agreed to pay $1.7 billion to resolve thousands of lawsuits brought by state and local governments and opioid-addicted individuals, who accused the company of helping cause a public-health crisis.

Brett Goldstein is embarking on his highly anticipated inaugural live standup tour across North America. Titled the «Second Best Night of Your Life Tour,» the British performer promises to deliver an unforgettable evening of laughter and entertainment. With his exceptional comedic timing and captivating storytelling, Goldstein has already gained significant recognition in the comedy circuit. Now, he is ready to delight fans across America with his wit and humour.

Travis Kelce, the standout tight end for the Kansas City Chiefs, recently attended Taylor Swift's Eras tour at Arrowhead Stadium. The 33-year-old athlete had a plan to give Taylor his phone number, which he engraved on a bracelet he made for her. However, the bracelet didn't reach Taylor as intended.

NEW DELHI : : Finland will help India develop and build quantum computers here, Finnish diplomat Kimmo Siira said in an exclusive interview with Mint. Siira, Counsellor in the Finnish embassy, revealed that the country will pursue closer high technology collaborations with India in quantum computing and artificial intelligence. This focus on technology cooperation comes from the Finland’s new DESI initiative, which targets Digitalisation, Education, Sustainability and Innovation in its relationship with India.

NEW DELHI : Cipla Ltd on Wednesday reported a net profit of ₹996 crore in Q1, up 45.1% year-on-year (y-o-y), backed by strong US sales performance. The pharma company’s profit beat the Bloomberg consensus estimate of ₹860.4 crore in the three months to June. The company’s income from operations at ₹6,329 crore was up 17.7% year-on-year.

₹10 lakh over a five-year period in a regular plan and the current value of the investment is ₹18 lakh. This implies a profit of ₹8 lakh and you are liable to pay taxes on the profit during redemption. Now, since the investment horizon was more than one year, you have to pay a 10% long-term capital gains tax on the gains made.

Mahesh Joshi on Wednesday said he is considering filing a defamation case against Rajendra Gudha who had waved a 'red diary' in the assembly alleging it contained details of financial irregularities involving Chief Minister Ashok Gehlot and others. He termed the 'red diary' issue raised by sacked state minister Gudha in the assembly a conspiracy to defame the Congress and accused the BJP of being involved in it. Gudha was sacked as minister on Friday hours after he cornered the Congress government in the assembly over law and order and questioned its performance in reining in crimes against women. On Tuesday, he called for a narco test on all ministers over the 'red diary' issue. «Narco test is a scientific and trustworthy test. Agencies across the world accept it and even the judiciary accepts it. I am saying that the test be conducted on the entire council of ministers, including me, to reveal the truth about rape and corruption. It will reveal who is lying and who is speaking the truth,» he told PTI. Reacting to the allegations, Joshi said, «As far as my personal matter is concerned, I am getting an FIR lodged against Rajendra Gudha for defamation.» «I am taking lawyers' opinion after which I will file a case,» he told reporters at the Congress state headquarters here.

Commerce and Industry Minister Piyush Goyal said. The International Exhibition-cum-Convention Centre (IECC)) complex is India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the complex finds its place among the top exhibition and convention complexes in the world. It comprises multiple modern facilities, including convention centres, exhibition halls and amphitheatres. It was developed by India Trade Promotion Organisation, a body of the commerce ministry. Speaking at the unveiling of the complex, Goyal said the Prime Minister has «inspired us» to move as a nation towards the goal of becoming a developed nation. He also highlighted the role of Shramjeevis and architects in the development of the complex.

China this month showed its post-pandemic surge was quickly fading, raising expectations that the government needs to bring out more stimulus measures to drive activity and bolster shaky consumer confidence. British consumer goods giant Unilever said on Tuesday that China's declining property market and exports had sent its consumer sentiment to a historic low, having earlier this year forecast a Chinese "consumption boom".

₹32,718 crore, aided by improved execution across segments. Further, order inflows from this segment jumped 80% y-o-y to almost ₹50,400 crore buoyed by the Mumbai Ahmedabad High Speed Rail project contract. This went a long way in driving consolidated order inflows, which also got a boost from large orders in the infrastructure and hydrocarbon segments.

New Delhi: In another wave of engine trouble, India’s largest airline IndiGo will need to send some of its Airbus A320neo family aircraft run on Pratt & Whitney engines for inspection as the US-based engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimise any potential impact to our fleet," an IndiGo spokesperson said.

Smartwatches are no longer slow devices with limited functionality that seem to be searching for a reason to exist. They’ve come a long way in the past decade, offering vibrant screens, accurate fitness tracking and the ability to make calls without being tethered to your phone. In fact, today’s smartwatches provide solutions to a variety of problems, and what started as a niche product for tech enthusiasts can now be found on wrists around the world.

A recent study conducted by BlackRock, the global money manager with $9.4 trillion in assets, has revealed a concerning trend among participants in U.S. retirement plans. Over the past two years, there has been a significant increase in pessimism regarding their ability to save for retirement. Economic anxiety is on the rise due to factors like high inflation and volatile markets.

Kevin Spacey was acquitted of all sexual assault charges by a London jury on Wednesday ending a four-week trail. Three men had accused the Oscar winner of aggressively grabbing their crotches. In his defence, the House of Cards actor had said that he was a “big flirt" who had consensual flings with men and whose only misstep was touching a man’s groin while making a “clumsy pass." Kevin Spacey broke down in court after the London jury acquitted of all sexual assault charges brought against him in 2001.