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FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses. Revenue for the reporting quarter is seen growing 26% year-on-year, according to an average estimate of three brokerages. Net profit however is estimated to surge up to 429%.

Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year. The company's consolidated revenue rose 85% YoY and 16% QoQ to Rs 651 crore for the quarter ended June 2024. The consolidated EBITDA stood at Rs 157 crore for the said period, which is up by 349% YoY.

Gurucharan Singh, best known for his role as Roshan Singh Sodhi in the hit comedy series ‘Taarak Mehta Ka Ooltah Chashmah’, has recently spoken about his financial struggles and debts. His sudden disappearance earlier this year had alarmed fans. In April, reports surfaced that Gurucharan was missing, but after 26 days, he returned to his home in Delhi, explaining that he had gone away to follow a spiritual path. In a conversation with Siddharth Kannan, Gurucharan mentioned that he is currently seeking work. He believes that people still appreciate him and want to see him, and he needs to earn money to cover his expenses, support his mother, and pay off his debts.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Bank of India ensured the currency did not weaken more. The rupee closed at 83.9725 against the U.S. dollar, after closing at 83.9550 in the previous session. The currency hovered in a narrow range between 83.95 and 83.97 during the session.

It has built sector scorecards by analysing data of NSE-listed companies from FY 2022-23 annual reports. The data shows that banks, financial services, information technology and services companies have a larger representation of women workers than other sectors. But there were some interesting point to note at different levels of roles, on retention and implementing enabling policies to help more women find meaningful career pathways. The report points out that leading global and Indian companies have initiated several programmes for women employees. But the IT sector continues to face a significant gender gap in leadership positions. The report highlights that women in leadership and at board level are at 22%, lower than the 34% at the overall employee level. The retention rates and return-to-work after parental leave rates are closer to the average of NSE companies. It's important to focus on targeted talent development and progression planning for women employees, says the report. This could include implementing two-way feedback sessions, providing learning opportunities and facilitating networking with senior leaders. Additionally, creating customised sponsorship or mentorship programmes can help support women’s career growth.

Reserve Bank of India has set up an expert panel to benchmark India's statistics to global standards and improve them as needed, the central bank said on Monday. RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members. The panel will submit its report by the end of November 2024. The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices. It will also study the quality of other regular data where such benchmarks do not exist, including for sectors of national priority. Finally, the panel will provide guidance on the scope for any further data refinement.

Adani Green Energy’s (AGEL) RE capacity would see >30% CAGR during FY24-30, domestic brokerage firm Emkay Global initiated coverage on the stock with a buy rating and a target price of Rs 2,550. “AGEL’s RE capacity would see >30% CAGR during FY24-30E, while the improving CUF would drive a power sales CAGR of ~35%. Rising share of merchant-C&I volumes (20% by FY30) should support realizations, leading to ~35% consol. gross revenue CAGR, while concentrated development—mostly in the high-yield Khavda asset—should further optimize capex-opex efficiency, boosting its cost leadership and industry-leading metrics (EBITDAM, asset turnover) and helping it secure more PPAs competitively,” said Emkay Global in its report.

Former Bank of Japan (BoJ) executive Makoto Sakurai has indicated that another interest rate hike is unlikely this year, following Japan’s recent increase which caused Bitcoin to crash.

Hindenburg Research's second attack on the Adani Group in which it targeted Sebi chairperson Madhabi Puri Buch has failed to make much impact on the markets. Hindenburg has claimed that she and her husband had stakes in offshore entities linked to the Adani family. Unlike its first report against the Adani Group in January last year, this one has failed to have intended impact so far. Adani stocks did not suffer the kind of rout they did in the wake of last year's report. Analysts have dismissed the report as «sensationalism» and say that it will not have much impact on stock prices.«It appears that this “revelation” is unlikely to impact the market meaningfully. The buy on-dips strategy which has been working well in this bull run is likely to work again,» said Dr. V K Vijayakumar of Geojit Financial Services. However, Hindenburg has doubled down on its claims and responded to Sebi chief's statement that accused the short-seller of attempting a «character assassination». Even though Indian markets as well as analysts have discounted the latest Hindenburg report and the short-seller has itself come under fire after Sebi's show-cause notice to it in June, short-seller attacks constitute a high risk for Indian companies.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Tube Investments of India Ltd. slipped 1.95 per cent to Rs 3929.55 in Monday's trade as of 02:05PM (IST). The stock hit a high price of Rs 3989.65 and low of Rs 3901.65 during the session.

Union Minister Giriraj Singh on Monday said Hindenburg Research has defamed the country in alliance with Congress and the «strictest action» will be taken against the US short-seller. Hindenburg on Saturday launched a broadside against markets regulator Sebi chairperson Madhabi Buch, alleging she and her husband Dhaval had stakes in obscure offshore funds used in the alleged Adani money siphoning scandal. The duo has denied the allegations as baseless and asserted their finances are an open book. The Adani Group termed the latest allegations malicious and based on manipulation of select public information. The company said it has no commercial relationship with the Sebi chairperson or her husband.

REA Group, owner of Housing.com, PropTiger.com, and Makaan.com, reported a 31% rise in its revenue from India in the financial year ended June 2024, down from 46% a year ago. The company has reported 103 million AUD (Rs 563 crore) in FY 24 against $79 million for the Australian FY23 ended June and $54 million in FY 22. «Our new products and innovations, both for customers and home seekers, have gained great popularity among the target groups and boosted sales, contributing to a 30% revenue growth,” said Dhruv Agarwala, CEO, Housing.com & PropTiger.com.

Odisha commerce and transport minister Bibhuti Bhusan Jena and state law minister Prithiviraj Harichandan have called for a detailed investigation into the helicopter rides taken by VK Pandian, a bureaucrat-turned-politician, between February and September last year. They demand to know how 450 helipads were constructed for these travels, the authorization process, and who funded the rides, reported TOI. Harichandan emphasized the need to investigate the costs and authorization of the helicopter rides. He questioned how government funds were used for constructing helipads and who provided the necessary permissions for Pandian's extensive travels. Pandian, who was then serving as the 5T secretary, visited 400-450 places during this period. “We will investigate who covered the cost of the helicopter rides. Clarity must be provided on this matter. It needs a thorough probe. At the govt level, helipads were constructed wherever the helicopter landed, and govt funds were used. He (Pandian) visited 400-450 places. It is not clear who authorized this and how the authorization was issued. A department secretary does not have the authority to use helicopters. How, then, was permission granted?” TOI quoted Harichandan as saying.

RG Kar hospital doctor murder probe to the CBI if police fail to solve the case by Sunday. Banerjee also said she wants the case to be tried in a fast track court. «If the police are unable to solve this by Sunday, we will hand over the case to the CBI. However, the success rate of the central probe agency is very low,» Banerjee told reporters here after visiting the residence of the deceased doctor.

South Korean banks are struggling to make their NFT business operations profitable, but will reportedly continue to press ahead with their non-fungible token-related plans.

Set to report to Joe Wiggins, director of investment research at SJP,  Ford joins from Aviva Investors where he held the position of head of ESG investment directors.  Prior to that, Ford worked at Goldman Sachs Asset Management, JP Morgan Cazenove and Standard Life Investments.  US investment firm AQR Capital Management puts short position on St James's Place In his new role, he will work to ensure responsible investing remains integral to SJP's fund manager research and decision making.  As part of the team's reshuffle, Ford's predecessor Sam Turner has moved into a broader ro...

Honasa Consumer fell over 6% to Rs 444 in Monday's trade on the BSE, despite the company reporting a 63% year-on-year (YoY) increase in consolidated net profit for the June quarter of FY25, rising to Rs 40 crore from Rs 24 crore in the same quarter last year. The company's revenue from operations for the June quarter surged 19% year-on-year (YoY) to Rs 554 crore, up from Rs 466 crore in the same period last year.

Tata Elxsi Ltd. slipped 0.28 per cent to Rs 6853.05 in Monday's trade as of 12:33PM (IST). The stock hit a high price of Rs 6887.3 and low of Rs 6790.0 during the session.