Performer Financial News

DLF disclosed its financial performance for the June quarter, reporting a net profit of ₹527 crore, which surpassed analysts' expectations. The company's consolidated net profit for the quarter ended June 2023 stood at ₹527 crore, indicating a notable 12.2% increase compared to the corresponding period in the previous year.  DLF's net profit outperformed analysts' estimates by a substantial margin, highlighting the company's strong financial performance during this period.In terms of revenue, DLF recorded ₹1,423.2 crore for the June quarter, slightly lower than the figure of ₹1,441.6 crore reported for the same period in the previous year.  This information was disclosed through a regulatory filing, shedding light on the company's revenue performance for the quarter.

₹9,100 crore in the quarter ended June 2023, witnessing a growth of nearly 32% from ₹6,904.9 crore in the same period last year. On a sequential basis, the lender’s net profit is likely to remain flat on the back of high provisions, analysts said. ICICI Bank is slated to release its Q1FY24 results on July 22, Saturday.

Nifty snapped their six-day winning streak on strong losses in index heavyweights including Infosys, Reliance Industries, TCS and Hindustan Unilever (HUL) on Friday, July 21. Investors were spooked by a significant downward revision in Infosys' revenue guidance, leading to a sharp selloff in the stock after the IT major reported its weakest June quarter revenue growth since FY21.  The Nifty IT index fell by four per cent, with nine stocks showing losses, while only one stock, Mphasis, managed to remain in the green, recording a gain of 4.95 per cent. Shares of Reliance Industries declined as Street is expecting a softer set of numbers due to the subdued performance of the O2C (oil to chemicals) segment.

Reliance Industries Ltd. saw an uptick in foreign shareholding during the June quarter after dropping to a six-year low, as attractive valuations and positive prospects of its newly spun-off financial services unit drew global funds.

foldable smartphones - the Galaxy Z Fold 5 and Galaxy Z Flip 5, successors to the Galaxy Z Flip 4 and Galaxy Z Fold 4. However, there is more to anticipate. Leaks and rumors suggest that we can also expect a new Galaxy Watch series and a Galaxy tablet to be unveiled during the event.  According to recent leaks, Samsung is rumored to enhance the cover display of the Z Flip 5, increasing its size to 3.4 inches.

Kotak Mahindra Bank is scheduled to announce its financial results for the first quarter of fiscal year 2024 (Q1 FY24) on July 21, 2023. Analysts expect the bank to report a net interest income (NII) of Rs. 6,207 crore, up 18% year-on-year (YoY), and a profit after tax (PAT) of Rs.

Ati Motors, maker of autonomous industrial robots, on Friday announced the close of its new funding round of $10.85 million. The Series A round was led by True Ventures. Athera Ventures Partners joined as a new investor, while existing investors Blume Ventures, Exfinity Ventures and MFV Partners also participated.

Utkarsh Small Finance Bank were locked in the 20% upper circuit after listing at a stellar premium of 60% on the exchanges. The stock has gained over 90% on Day 1 at Rs 47.94, as compared to an issue price of Rs 25. The strong listing was on the expected lines after a tremendous response to the IPO, which was subscribed nearly 102 times.

Hollywood actors and screenwriters is entering its second week with no sign that a swift ending will be achieved. For a week, actors including household names like Tina Fey, Kevin Bacon and wife Kyra Sedgwick, Rosario Dawson, David Duchovny and other stars have joined working class performers and writers on picket lines outside studios and corporate offices of streaming giants Amazon, MAX and Netflix.

Mission: Impossible - Dead Reckoning Part One has been making waves at the box office. The Tom Cruise starrer has raked in a commendable ₹82.38 crore in India so far, with a recent collection of ₹3.8 crore on July 20, as per reports from Sacnilk.com. Christopher McQuarrie's directorial venture had an impressive opening, earning ₹12.5 crore nett on its release day and a substantial ₹73.3 crore nett within the first week.

₹1,964 crore from ₹3,092 crore in the corresponding quarter of last year, impacted due to lower metal prices.  The company’s revenue in Q1FY24 declined 22.4% to ₹7,282 crore from ₹9,387 crore, on an year-on-year (YoY) basis. Topline fell on account of lower zinc and lead LME, lower lead volumes and differential strategic hedging impact.

Shoppers Stop, Marico, and others demonstrated their strength and positive momentum by surpassing this indicator.Let's delve into their recent accomplishments. (Data Source: StockEdge)1. Bharti AirtelBharti Airtel surged above the 20 SMA on July 21, 2023, with its stock price at Rs.

Tata Group-backed Air India is exploring opportunities with tech giant Apple, with the airline's chief executive officer Campbell Wilson visiting Apple headquarters in Palo Alto, US. "Dr Satya Ramaswamy and I, together with some of our colleagues, also spent time at Apple's head office in Palo Alto to explore opportunities for even deeper collaboration," Wilson told the airline's employees in an internal email.

One 97 Communications, the parent company of Paytm, is likely to report a loss of ₹310 crore, declining by 51% from the loss of ₹640 crore posted in the same quarter last year, as per analysts.  However, the company reported a lower net loss of ₹168 crore in the Jan-March quarter. The company’s revenue from operations in Q1FY24 is expected to grow by around 43% YoY to ₹2,410 crore. Sequentially, revenue is estimated to remain flat.

₹5,784.5 million for the June ended quarter (Q1FY24), up 18% year-on-year. Net profit during the period stood at ₹1,354.5 million, a 24% increase on year. The active pharmaceutical ingredients (API) manufacturing arm of Glenmark Pharmaceuticals (GPL) saw a 14.1% YoY rise in cost of raw materials to ₹2,982.13 million in the current fiscal year.

Pakistan's 18-year-old cricket prodigy, Ayesha Naseem, has taken the cricketing world by surprise with her latest announcement regarding her decision to retire from international cricket. Despite her outstanding performance and potential, Ayesha has decided to step away from the sport that once held her future.Decision influenced by faith Citing her devotion to Islamic principles, Ayesha Naseem revealed it as the driving force behind her decision to retire.

Hundreds of staff at the Financial Conduct Authority missed out on bonuses last year as the markets watchdog tightened performance criteria and phased out the payments.

Bullet 350 being the sole model still utilizing the older platform and powertrain. However, as per a ToI report, the company is planning an update for the Bullet 350. Royal Enfield has discreetly sent out invitations for an event scheduled between August 30 and September 1, fueling speculation about the launch of the new-gen Bullet 350.

KPMG Australia has taken the unprecedented step of allowing its partnership deed to be published, revealing partners can be given a one-time bonus payment worth up to a year’s income when they retire.

Cillian Murphy hung up the phone in disbelief when Christopher Nolan called him for playing the lead role in the special film Oppenheimer. The talented Irish actor has been a consistent presence in Nolan's films for nearly two decades, often taking on supporting roles. However, in 'Oppenheimer,' Nolan entrusted him with the lead role, marking a significant shift in their collaboration. Back in 2003, Murphy had his first encounter with Nolan when he was invited to audition not just for a role in the Batman movie but specifically for the iconic character of Batman himself. Though Murphy knew he wasn't the right fit for the Dark Knight, he saw this as an opportunity to meet the director behind «Insomnia» and «Memento.» The meeting went exceptionally well, and from there, Murphy's collaboration with Nolan took off. He tapped into a sinister intensity to portray the corrupt psychiatrist Dr. Crane/Scarecrow, a character who would make appearances in all three Batman films. Nolan continued to entrust Murphy with significant roles, casting him as the conflicted heir in «Inception» and a traumatized soldier in «Dunkirk.» Their professional relationship has since blossomed, leading to remarkable cinematic achievements.

Indian market, reported HT Auto. The upcoming model has been seen on the roads multiple times in test form. Drawing inspiration from the J-platform, which is currently employed in the Classic 350, Hunter 350, and Meteor 350, the new-gen Bullet promises to bring exciting features and improvements to the iconic motorcycle.