Performer Financial News

The three-day comatose mode for markets ahead of the Federal Reserve’s rate decision is on, with oil prices barely moving Monday amid debate on what the central bank would say about — rather than immediately do — with rates when it meets Wednesday.

Hyderabad police has arrested nine people across the country in connection with an investment fraud of Rs 712 crore by Chinese operators. According to the cyber crime wing of Hyderabad Police, the gang has cheated an estimated 15,000 people to the tune of Rs 712 crore. The fraudsters used to lure gullible investors through fake investment apps and schemes and later laundered money to China via Dubai after converting rupee to crypto, according to the police.

ITC officially announced the demerger of its hotel business on Monday (July 24), putting all the rumours to rest. However, the news triggered a sharp selloff in the stock as shares of ITC fell 3.87 per cent to close at ₹470.90.

mutual fund schemes using technology and other interventions with the aim of helping capital formation in the economy, she said. Such interventions have accrued in monetary benefits of ₹3,500 crore for the investor community on an annual basis, she added.

Shree Renuka Sugars, PVR Inox, Atul, Amara Raja Batteries, and City Union Bank. Let's delve into their recent accomplishments. (Data Source: StockEdge)1. Shree Renuka SugarsShree Renuka Sugars made a significant move on July 21, 2023, surpassing its 100 SMA at Rs.

climate change, many countries in the world, including Singapore, are seeing rising temperatures, the Ministry of Sustainability and the Environment and the National Environment Agency said in a release, “It is therefore important for members of the public to adapt." Singapore — located close to the equator with average monthly maximum temperatures of 31-32C (88-90F) — recorded its hottest day in four decades in May with a reading of 37 C. The government has warned of worsening air quality and said the upcoming haze season may be the hottest and driest since September 2019.

Although Bitcoin is trading 55% below its all-time high, the world's leading cryptocurrency is up 80% year-to-date. But that begs the question - Should you buy Bitcoin in 2023?

earlier piece, I discussed why people generally do not get rich with stocks. I attributed this to: > One, there is an under allocation to direct stocks as a percentage of overall wealth >Two, there are too many stocks in a portfolio >Three, there is a lack of an allocation plan between each stock >Fourth, the win rate with direct stocks is very poor These are almost unarguable facts. But then we do know that a few people do get really rich investing directly in stocks.

«The rally has kind of surprised most people. From the start of the year till now markets are up close to 20%. It is on the back of improvement in global demand; global concerns which were there at the start of the year around US hard lending etc.

ITC on Monday announced that its board has approved the demerger of its hotels business. The move is aimed at unlocking value for 30 lakh shareholders of the multibagger stock which has been the best performing Nifty counter in the last one year.

JLR India on Monday reported its best-ever Q1 sales performance with a growth of 102 per cent, retailing a total of 1048 units, in the first quarter of FY24 compared to the same period last year. The company in a statement attributed this growth to a rise of about 209% in Range Rover, Range Rover Sport and Defender sales. The three models contribute to 78% of the current order book and the order book for Q1 FY24 grew by 88% as compared to the same period last year. “This (highest ever Q1 sales) performance is testament to the exceptional equity of the JLR brands and our class-leading collection of modern luxury vehicles. Backed by the growing demand among our discerning clients, our order book remains strong and growing, and we are excited and confident of our India story ahead,” said Rajan Amba, Managing Director, JLR India. The JLR-certified pre-owned business grew by 137 per cent in the first quarter of FY24, again, reflecting the growing demand and the equity of JLR brands in India, said company’s statement. The company is looking forward to its new launch, starting with Range Rover Velar – bookings for which have recently commenced.

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New Delhi: Prices of industrial materials have been on a decline for a while now, raising concerns for various sectors, but analysts foresee a potential rebound in the latter half of 2023, according to a report by S&P Global Market Intelligence. The Materials Price Index (MPI) compiled by S&P Global Market Intelligence reveals a 2.8% sequential decline in industrial materials prices during June . The second quarter of 2023 recorded a staggering 32% year-over-year (YoY) slump.

MoneyControl, after this announcement, Swiggy has entered the list of new-age companies that have given rewards to their employees this year which also includes Flipkart.  In 2021, Swiggy announced that the company will reward its employees for their performance in the coming two years, that is, 2022 and 2023. It is a part of the online grocery and food delivery company's ESOP liquidation exercise.  Last year, the company initiated its committed ESOP liquidity Program aggregating $23 million.

Vedanta share price fell over 2% on Monday's trading session after the company's 1FY24 numbers fell in short of the street's expectations and dismayed investors. Vedanta Limited recorded a 40% (YoY) fall in net consolidated profits from 5,592 crore to 3,308 crore in its first quarter results, which were released on Friday. The company's sales decreased by 13% from 38,251 crore in the first quarter of FY23 to 33,242 crore in the first quarter of FY24.

The chief executive of a Spanish pipe manufacturer has been appointed as the new boss of InfraBuild, the local steel business regarded by analysts as the best performing asset in Sanjeev Gupta’s global GFG Alliance.

Investing.com — Shares of major Japanese automakers rose on Monday, tracking strength in Mitsubishi Motors Corp (TYO:7211) after the carmaker logged stronger-than-expected quarterly earnings.

Mphasis Ltd remain a disappointed lot. The mid-tier IT company saw its sequential constant currency revenue decline for the third consecutive quarter in June (Q1FY24). Revenue fell by 3.3%, higher than analysts estimates.

ASI team that there should not be any "invasive work" or excavation at the site, as per PTI reports.  “We are thinking of giving the mosque management committee enough time to challenge the district court's order before the Allahabad HC. Let there be no excavation till such time.