Performer Financial News

«Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering,» says Mayuresh Joshi, Head Equity, Marketsmith India. Suffice it to say, it's a big avoid for MFI right now? Mayuresh Joshi: Yes, and with regulatory concerns still looming, there is always a risk that potential regulatory actions could cast doubts on how these balance sheets might evolve, especially in terms of earnings if restrictions are imposed. Within this space, however, some housing finance companies have performed well. At Marketsmith, we focus on leading stocks, so within the broader NBFC universe, particularly from a rural discretionary spending perspective, Chola Investment and Finance could be a strong option. Our analysis suggests that Chola’s exposure, its strong parentage, and its capital adequacy, reflected in Tier I ratios, point to decreasing asset quality pressures as the rural economy strengthens. Improved efficiency in collections over the next few quarters should positively impact asset quality, leading to reduced provisioning needs and boosting bottom-line growth, ROAs, and ROEs. Therefore, within the NBFC sector, microfinance is not advisable at this moment, but qualitative stocks like Chola are worth considering.

Subscribe to enjoy similar stories. After a turbulent October marked by widespread selling across stock markets, some sectors are beginning to show signs of recovery, with the railway sector standing out. Despite a steep downturn in many railway stocks—some dropping over 20% from recent highs—the sector appears poised for a technical reversal, particularly in the short-term trend.

Subscribe to enjoy similar stories. Companies across industries are rolling out the red carpet for middle and junior management employees in a bid to both retain top performers as well as attract new talent. Long-term incentives, floating stock units and global postings are being liberally handed out at a time when companies cannot afford big hikes and bonuses.

The Alberta government fired the chief executive and entire board of directors of Alberta Investment Management Co. (AIMCo) last week, citing rising costs without an equivalent increase in returns at the $160 billion investment manager. But were AIMCo’s results and costs out of line with other major Canadian investment managers? The Financial Post’s Naimul Karim explores the question.

The recent declines in Canadian interest rates have been a wonderful thing for some, but others are seeing their guaranteed investment returns rapidly decline.

Shree Cement’s profit plunged more than 80% on year to Rs 93.13 crore in the September quarter, weighed down by weakness in both demand and prices for the building material during the three-month period. While the September quarter is seasonally weak for cement-makers, the country’s third largest producer’s sales volume slipped as compared to the previous year as well — 7% lower at 7.60 million tonne.

AAP national convenor Arvind Kejriwal on Monday delivered a strong message to the district and booth-level party workers, asserting that their loyalty should not lie with any individual MLA or councillor, but should be tied directly to him. With Assembly elections due in Delhi early next year, Kejriwal also emphasised that the party will decide on its candidates based purely on performance and work, and not on political favouritism. Outlining his vision for the upcoming Assembly elections, Kejriwal said during an event at Kirari in north-west Delhi, «Your loyalty should not lie with any MLA or councillor. You should work as if I am contesting all the 70 seats (in Delhi).» «We will distribute tickets based on performance and rigorous surveys. It does not matter if an MLA or councillor is not selected; your allegiance should be with me as I am in front of you in all the seats,» he added.

Tulsi Vivah is one of India's oldest festivals. It is a ceremonial marriage of Lord Vishnu and Vrinda, in the form of Shaligram and Tulsi. It is observed on the Dwadashi tithi or twelfth lunar day, and is usually celebrated in October or November. Tulsi Vivah also begins the wedding season for Hindus which is paused during the Chaturmas, the four months when Lord Vishnu is in a deep slumber. Tulsi Vivah is considered to be the ‘Shubh Aarambh’ of the wedding season.

Subscribe to enjoy similar stories. New Delhi: The Union government is likely to release ₹50,000 crore to ₹70,000 crore to states as part of its ‘special assistance for capital investment’ scheme in the three months to December (Q3, FY25), to be used for ramping up capital expenditure, two people aware of the matter said.

Subscribe to enjoy similar stories. Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Immediately after Mr.

Material: MetalWeight: 7.8 kgPower source: Corded electricWattage: 2000 wattsBuyers are happy with the water heater's price and design, noting that it helps lower their utility expenses without losing effectiveness. There are diverse opinions on its functionality and heating performance.Opt for this water heater for quick, safe, and energy-efficient water heating, especially if you need protection against hard water.The Havells Instanio Prime 25L water heater features a unique colour-changing LED indicator to show the water’s temperature.

Best laptops with Amazon deals:The HONOR MagicBook X16 (2024) is a standout choice during Amazon Laptop Days, offering a blend of power and portability. Equipped with a 12th Gen Intel Core i5-12450H processor, 16GB RAM, and a fast 512GB PCIe SSD, it ensures smooth multitasking and rapid access to your files. Its 16-inch FHD IPS anti-glare display brings visuals to life, while the full-size numeric keyboard boosts productivity.

ICICI Prudential Multi-Asset Fund, a multi-asset allocation fund, has successfully completed 22 years of existence in the market. The scheme has offered 21.58% CAGR since its inception. The scheme benchmark is against Nifty 200 TRI (65%) + Nifty Composite Debt Index (25%) + Domestic Price of Gold (6%) + Domestic Price of Silver (1%) + iCOMDEX Composite Index (3%). Launched in October 2002, the scheme offered 22.47% CAGR in the last five years. In the last three and one-year periods, the scheme offered 21.19% and 32.09% CAGR respectively.

Reasons to BuyReasons to AvoidWhat are buyers saying on Amazon?Customers find the product cost-effective and visually appealing. Some noted minor issues with quality and parts.Why choose this product?Efficient, stylish, and built with advanced safety, it’s an excellent choice for affordable hot water heating.The Havells Instanio Prime 25-L storage water heater is a high-performance model that combines functionality and style.

Subscribe to enjoy similar stories. Operating leverage is a double-edged sword, and Tata Motors Ltd illustrates this well. Factors that had dampened sales of its UK-based luxury car subsidiary, Jaguar Land Rover Automotive Plc (JLR), in the September quarter (Q2FY25) have now been resolved, setting the stage for a sales recovery in the second half of the fiscal year.

Mohanlal’s son Pranav seems to have decided that he is drawn to the robust farm life rather than the glitz of showbiz. As per a Manorama report, the veteran actor’s son is currently in Spain, spending time farming. The ‘Iruvar’ star’s wife, Suchitra, told the magazine that even though she is hearing some scripts every year, her son is currently preoccupied with things other than movies. Suchitra shared that Pranav is currently involved in a 'Work Away' program on a farm in Spain, where he works in exchange for food and accommodation rather than money. She explained that Pranav values these kinds of experiences more than financial rewards and is currently taking on tasks like caring for horses and goats. «Although people, including his cousins, often say that Pranav only listens to me, I don’t think that’s entirely true,» Suchitra said. «He has his own ideas—he’s not stubborn, but he follows what he believes is right.»

Good air purifier to bring home in September 2023: Top 8 picksThe Honeywell Air Touch V5 is a high-performance air purifier suitable for large rooms. It features a 4-stage filtration system to remove pollutants like PM2.5, pollen, bacteria, and toxic gases, covering areas up to 589 sq.ft. This purifier refreshes air every 12 minutes and includes an LED air quality display for real-time monitoring.

Mukherjea's smallcap-heavy Little Champs portfolio and midcap-focused Rising Giants portfolio have delivered net returns of 17.5% and 24%, respectively, so far in FY24. He has attributed the performance to improvement in the earnings growth and rejig in portfolios.

Vinit Sambre, Head-Equities, DSP Mutual Fund, says the visibility of good growth, cash flows, ROEs going forward over the next one or two years is going to get rewarded as there is an overall slowdown in the earnings. Within each category, it is going to be pretty stock specific because there is a significant divergence in the performance across the same categories across different companies. There is a good outlook on the consumer discretionary category as cyclical recovery should see that category doing well going forward. Sambre is positive on the banking sector and says the IT sector looks decent. He likes QSRs and says consumer discretionary is something they believe in long term. Sambre says there are sectors like utilities, and some engineering companies, which are trading at expensive valuations where he is a bit more wary about taking high exposures. What explains the market mood that we are in and when do you expect a reversal of sorts? Is it likely to happen in a few weeks or is it a matter of a few months before we see a resumption of the uptrend? Vinit Sambre: When we look at the markets over the last couple of weeks, there is good weakness which has happened.

Subscribe to enjoy similar stories. As content focused on women is becoming increasingly popular in China, it is also drawing flack from men—and causing headaches for Chinese companies. Last month, e-commerce giant JD.com cut ties with the female comedian Yang Li after a promotional campaign triggered intense backlash from male customers, including some who threatened to stop shopping on the app.

Warren Buffett’s most famous advice is to buy companies with strong moats when they’re available at reasonable valuations. But do you know his second most famous piece of advice? Buy a low-cost index fund.