Reports Financial News

Crompton Greaves Consumer Electricals Ltd. traded 1.14 per cent higher in Friday's session at 12:17PM (IST). The stock opened at Rs 439.35 and has touched an intraday high and low of Rs 439.95 and Rs 434.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 470.5 and a 52-week low of 262.1. About 12,482 shares changed hands on the counter so far.

Tube Investments of India Ltd. traded 0.03 per cent lower in Friday's session at 12:43PM (IST). The stock opened at Rs 4049.0 and has touched an intraday high and low of Rs 4049.0 and Rs 4005.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 4666.0 and a 52-week low of 2729.1. About 1,028 shares changed hands on the counter so far.

Financial Action Task Force (FATF) global anti-money laundering watchdog has asked India to improve due diligence on the bank accounts of local politicians, government officials and their families, two government sources said. The recommendation for tougher checks on the finances of politically exposed persons (PEPs) is part of a FATF review of India's anti-money laundering systems that began in 2023. The group is due to publish its final report soon. Under global rules, politicians, their families, and close associates are subject to checks on their bank accounts due to their potential susceptibility to bribery and corruption.

Read this | HNIs pivot towards early-stage startups as late-stage entities face correction Shiprocket, Tribe and Koch did not immediately respond to Mint’s request for a comment. Globally, investors are increasingly turning their attention to India, seeking to capitalize on the country’s promising investment landscape. Mint has reported that firms like London-based Pantheon Ventures and US-based HarbourVest Partners have expressed intentions to ramp up their investment activities in India.

commercial real estate investment platform Property Share has received the Small and Medium Real Estate Investment Trust (SM REIT) license from the Securities and Exchange Board of India (SEBI) under the newly notified SM REIT regulations. The fractional ownership platform (FOP) has received the capital market regulator’s approval under the name of Property Share Investment Trust (PSIT) and has become the first entity to secure the same. Property Share will become the investment manager to PSIT. “Any regulated product comes with significant benefits for investors like high-net-worth requirements for the investment manager, compliance and reporting standards, transparency, investor protection mechanisms, and marketing restrictions. We look forward to continue working closely with SEBI in launching the IPO of the first SM REIT scheme in the weeks to come,” said Kunal Moktan, co-founder of Property Share

Lupin Ltd.(up 3.07 per cent), Gland Pharma Ltd.(up 3.04 per cent), Abbott India Ltd.(up 1.51 per cent), Granules India Ltd.(up 1.12 per cent) and Mankind Pharma Ltd.(up 1.05 per cent) were among the top gainers.

Eicher Motors jumped 5% in Friday's early trading session to its day’s high of Rs 4,820 after the company on Thursday reported a 20% year-on-year (YoY) rise in consolidated net profit at Rs 1,101.46 crore for the quarter ended June 2024. The two-wheeler manufacturer's total revenue from operations stood at Rs 4,393 crore for the reported quarter, higher by 10% versus Rs 3,986.37 crore posted in the corresponding quarter of the previous financial year. The revenue figures were also above Street estimates of Rs 4,268 crore.

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

Vinesh Phogat news LIVE: The Court of Arbitration for Sports will hear ace Indian wrestlerVinesh Phogat's plea against her disqualification at the Paris Olympics today, Friday. In her appeal, Phogat also requested a joint silver as she was found overweight after she won the semi-final in Paris.

carbon emission levels to a zero.

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

Donald Trump said on Thursday that U.S. presidents should have a say over decisions made by the Federal Reserve, the most explicit indication so far of his interest in infringing on the central bank's independence should he regain the White House. «I feel the president should have at least (a) say in there,» the former president told reporters at his Mar-a-Lago residence in Florida. «I think that in my case, I made a lot of money, I was very successful, and I think I have a better instinct than in many cases, people that would be on the Federal Reserve or the chairman.» Trump allies have drafted proposals that would attempt to erode the Fed's independence if he wins, the Wall Street Journal reported in April. The Trump campaign distanced itself from the report at the time.

Rapido, which started as a bike-taxi platform, has crossed gross merchandise value (GMV) of $1 billion, according to people aware of the matter, driven by its expansion into segments such as cabs and auto-rickshaws and an aggressive expansion into more than a 100 cities. This also marks the emergence of a significant third player in the ride-hailing business–after Uber and Ola–which has remained largely stagnant after the pandemic. Rapido has recorded more than three times growth since FY23, when it was clocking a GMV of about $300 million. It is also present in the parcel pick-up-and-drop segment.

presidential candidate Donald Trump and Democratic opponent Kamala Harris will debate on Sept. 10 on ABC, setting up the first face-to-face matchup between the rivals in what polls show is an extremely close race. In a rambling news conference at his Palm Beach, Florida, residence, Trump said he wanted additional debates on Sept. 4 and Sept. 25 that would air on Fox and NBC. Harris said in a post on X that she was looking forward to the Sept. 10 debate after Trump «finally committed.» She told reporters after a campaign stop in Detroit that she was open to discussing more debates.

Coforge and Persistent Systems earned more than their counterparts in TCS and Infosys in the last financial year as some Indian midcap IT firms are paying top dollar to their CEOs who are growing their business despite headwinds from multiple directions. Coforge CEO Sudhir Singh’s annual remuneration jumped three times in FY24 to more than $12.5 million (Rs 105.12 crore), making him the second-highest paid Indian IT firm CEO last financial year, trailing only former Wipro CEO Thierry Delaporte. Other midcap IT firm CEOs like Nitin Rakesh of Mphasis and Sandeep Kalra of Persistent Systems earned Rs 44.13 crore ($5.2 million) and Rs 77.1 crore ($9.1 million), respectively, in FY24, according to the companies’ annual reports.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

The popular series, which follows the quirky relationship between Ashley (Harriet Dyer) and Gordon (Patrick Brammall), revolves around their unexpected connection following a car accident and their care for an injured dog named Colin.

Fisher Investments founder Ken Fisher analyzes the recent volatility in the stock market on 'Making Money.'

Russia's Defense Ministry says the country's troops are fighting Ukrainian forces in the Kursk region on the third day of one of the largest cross-border incursions of the war

Stocks that traded heavily or had substantial price changes on Thursday: McKesson, Monster Beverage fall; Eli Lilly, Zillow rise

Greek authorities have flown additional forces to the southern island of Crete, where 250 firefighters are battling a wildfire that has forced the evacuation of eight mountain villages