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Godrej Consumer Products Ltd. slipped 3.23 per cent to Rs 1398.15 in Monday's trade as of 12:28PM (IST). The stock hit a high price of Rs 1444.0 and low of Rs 1395.15 during the session.

Voltas Ltd reported 58% year-on-year (yoy) jump in standalone net profit at Rs 339.14 crore for the first quarter ending June, on back of a 45% yoy growth in revenue from operations at Rs 3920.26 crore. In the AC business which is the unitary cooling products business of the company, segment revenue shot up by 51% YoY to Rs 3,802.17 crore for the quarter under review. The segment profitability of this business improved by 58% YoY to Rs 327.02 crore last quarter. The country’s largest AC brand said it sold a record one million units of AC last quarter with overall volume growth of 67% YoY.

premiumisation trend further got magnified in sales of electronic products such as smartphones, appliances and televisions in the January to June period of this year, with the industry’s value growth significantly outpacing volume or number of units sold in brick-and-mortar stores. The overall consumer electronics market in offline retail grew by 11% by value in the first half of this calendar year as compared to the same period last year, whereas volume went up by a marginal 1%, latest data by market researcher GfK India shows. This indicates consumers only purchased premium or high value goods with sales of the entry-to-mid segment continue to be severely impacted. For instance, GfK reported overall mobile phone sales by volume declined by 6% in the Jan-Jun period whereas by value it went up by 10%. The smartphone segment registered a 12% increase in value, while by volume there was no growth.

New Zealand government has announced significant visa fee increases starting 1 October 2024, impacting nearly all visa categories. Immigration Minister Erica Stanford said that the changes are intended to create a more sustainable immigration system by shifting the financial burden from taxpayers to visa applicants. According to a report by ICEF Monitor, the adjustments are expected to reduce public funding requirements by more than NZ$563 million (US$338 million) over the next four years. Minister Stanford emphasized that the current immigration system has been heavily subsidized by taxpayers. “The changes we’re making are shifting the cost to those benefitting from the system. We’re ensuring it is self-funding and more efficient," she said.

Inox Wind with a target price of Rs 205. The current market price of Inox Wind Ltd. is Rs 185.6. Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 22716.00 Crore) operating in Power sector.

ICICI Lombard General Insurance Company Ltd. rose 0.27 per cent to Rs 1971.4 in Monday's trade as of 10:46AM (IST) even as the benchmark Nifty ruled at 24351.05, down 16.46 points. The scrip had closed at Rs 1965.95 in the previous session. The stock quoted a 52-week low of Rs 1266.0 and a high of Rs 2032.0. The company quoted a market-cap of Rs 97773.86 crore on the BSE.

Info Edge (India) Ltd. with a target price of Rs 7580. The current market price of Info Edge (India) Ltd. is Rs 7176.45. Info Edge (India) Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 93344.17 Crore) operating in Services sector.

geoglyphs and petroglyphs in Ratnagiri as ‘protected monuments’ under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960, reported TOI. The group of petroglyphs at Deud, Ratnagiri, dates back to the Mesolithic era (roughly 20,000-10,000 years ago), according to a notification by the culture department. Geoglyphs and petroglyphs are different types of ancient art forms. They involve the creation of images or designs on the earth’s surface or rock surfaces.

asset management firm Neo Group has raised Rs 400 crore (around $47 million) in a fresh equity funding round led by Japanese lender MUFG Bank along with New York-based Euclidean Capital. Peak XV Partners, which had invested around $35 million in October last year, also participated in this round, the company said in a news release on Monday. The funds will be used to expand Neo's wealth management division and support its asset management business.

Biocon with a target price of Rs 385. The current market price of Biocon Ltd. is Rs 336.25. Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 40454.22 Crore) operating in Pharmaceuticals sector.

Axis Bank Ltd.(up 0.99 per cent), HDFC Bank Ltd.(up 0.94 per cent), Kotak Mahindra Bank Ltd.(up 0.52 per cent) and Bank of Baroda(up 0.31 per cent) were among the top gainers.

Siemens Ltd. gained 1.23 per cent to Rs 6967.75 at 10:05AM (IST) in Monday's trade. The counter hit a high of Rs 7045.0 and low of Rs 6760.65 so far during the session. The stock had closed at Rs 6882.85 in the previous session. The counter had a total traded volume of 10:05AM shares so far with a turnover of Rs 8.52 crore on BSE. The stock traded at a price-to-earnings multiple of 98.56 and a price-to-book ratio of 9.99.

SRF Ltd. traded 0.02 per cent down in Monday's trade at 10:35AM (IST). Around 3,594 shares changed hands on the counter. The stock opened at Rs 2555.0 and touched an intraday high and low of Rs 2581.0 and Rs 2527.65, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2081.25.

Tata Motors Ltd.(up 0.92 per cent), Tata Motors Ltd.(up 0.89 per cent), Maruti Suzuki India Ltd.(up 0.44 per cent) and Apollo Tyres Ltd.(up 0.19 per cent) were among the top gainers.

Sun TV Network on Monday fell 8% to its day’s low of Rs 837.45 on BSE after the company reported a 5% and 3% year-on-year (YoY) decline in its profit after tax (PAT) and revenue from operations respectively for the June quarter. The PAT stood at Rs 559.77 crore for Q1FY25 while the revenue from operations was reported at Rs 1312.40 crore against Rs 1349.22 crore reported in the year-ago period.

Vikas Khemani, Founder, Carnelian Asset Management, says repeated incidences by short-seller Hindenburg, not only in India but in other markets also, are being taken with a pinch of salt. In this case, the narrative is far from the facts. Facts are being manipulated to create a story. The Adanu incident came at a time when there was a lot of scepticism. This is about loss of credibility and markets should not react much to these things. Hindenburg are short sellers. They look at companies where there is a problem in terms of cash flow or mismanagement or corporate governance standards and go short on it and scare the market because that is the deep dive they do in terms of evidence. But on Saturday, they released completely unsubstantiated conjuncture. I think the damage has been done to the brand. Vikas Khemani: Absolutely. First of all, everybody’s credibility is determined by their motivation. We noticed in the previous instances also that nothing came out and of course the first time, the market reacted badly. Repeated incidences not only in India but in other markets also, are being taken with a pinch of salt. In this case, the narrative is far from the facts. Facts are being manipulated to create a story. I think market participants can be fooled once but they cannot be fooled all the time.

Nelly was arrested early Wednesday at a St. Louis-area casino, and the Missouri Highway Patrol said an officer found four illegal ecstasy pills on him.

Voltas Ltd. traded 7.18 per cent up in Monday's trade at 10:00AM (IST). Around 120,193 shares changed hands on the counter. The counter opened at Rs 1502.9 and touched an intraday high and low of Rs 1563.0 and Rs 1465.8, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1563.0 and a 52-week low of Rs 794.15.

The South Korean CEO of a tech firm has been arrested for allegedly masterminding an Ethereum (ETH) -themed crypto-powered fraud scheme that sucked in around 500 victims.

₹10,461 crore, the price-to-earnings multiple works out to 20x for FY25, while the same for peers is over 80x plus. To be sure, the price-to-earnings multiple is not the most preferred valuation metric for life insurance companies. That’s because the expenses in the life insurance business are recognized upfront, depressing the profits in the initial years.