Reports Financial News

FSN E-Commerce Ventures, the parent company of Nykaa, on Sunday forecast a year-on-year consolidated revenue growth of around 22-23 per cent in the first quarter of 2024-25 (FY25) with a matching growth momentum for beauty vertical but flagged «muted» demand environment in the fashion industry. In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, the company said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year. FSN E-Commerce Ventures also informed that it is commencing vertical-wise segmental reporting, beginning this quarter.

Oil And Natural Gas Corporation with a target price of Rs 325. The current market price of Oil And Natural Gas Corporation Ltd. is Rs 288.2. Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 361745.93 Crore) operating in Gas & Petroleum sector.

Bharat Forge Ltd. traded 0.39 per cent lower in Tuesday's session at 12:07PM (IST). The stock opened at Rs 1671.45 and has touched an intraday high and low of Rs 1681.9 and Rs 1652.8, respectively, during the session so far. The stock quoted a 52-week high of Rs 1826.2 and a 52-week low of 832.85. About 124,617 shares changed hands on the counter so far.

President Joe Biden had ample time to prepare for the first presidential debate. According to the New York Times, the preparations were not taken seriously by the President who did not begin before 11am. He also had time for an afternoon nap. This was different from the strategy followed by his predecessor Barack Obama in 2012. Many observers noticed certain shortcomings during the president’s debate and were curious to know about his preparations for this important event. It has been reported that the preparations were cut short by two days after the president was exhausted. He had a hectic travel schedule to France and Italy before the debate.

People's Liberation Army exploding and destroying US fighter jets worth £78,000 each when the two countries are not at war? Not exactly. There is no US-China war and the Chinese Army has not bombed the US Air Force. What they have done is taking mock drills of exploding jet fighters as a part of their training exercise. According to 'Express', Airbus and Google Earth have captured the images showing destroying US F-35 and F-22 fighter jets in a remote desert area in northwest China. The satellite pictures suggest that the Chinese military destroyed these dummy aircraft with a nearby runway displaying scorch marks and bomb blast craters.

scammers are winning. Sophisticated overseas criminals are stealing tens of billions of dollars from Americans every year, a crime wave projected to get worse as the U.S. population ages and technology like AI makes it easier than ever to perpetrate fraud and get away with it. Internet and telephone scams have grown «exponentially,» overwhelming police and prosecutors who catch and convict relatively few of the perpetrators, said Kathy Stokes, director of fraud prevention at AARP's Fraud Watch Network.

Trump by just one percentage point as compared to Trump’s six percentage point lead, a few weeks back. There are still concerns pertaining to his health with many of the respondents to the poll conducted by Bendixen and Amandi saying that they would seek to have him stepping down due to health concerns. The poll also gauged the mood of the respondents on other potential presidential nominees of the Democratic party. The findings are surprising to many observers.

Blockchain-focused asset manager DigitalX has received regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF).

Uttar Pradesh Police conducted a search operation at Ram Kutir Charitable Trust in Mainpuri on Thursday for 'Bhole Baba', a self-styled godman who conducted a satsang in Hathras where a stampede took place killing 123 people. An FIR has been registered on the incident naming organizers of the prayer meeting but 'Bhole Baba' has not been named yet. Earlier in the day, Deputy Superintendent of Police (DSP), Mainpuri Sunil Kumar said «Baba has not been found inside the ashram.»

Joe Biden to pull out of the race for the White House, Hollywood donors are angry at director Jeffrey Katzenberg for his 'agewashing', reports New York Post'. They have accused Katzenberg, who was named a campaign co-chair, of misleading them by downplaying Biden’s age-related decline. They are also upset that the movie mogul failed to sound the alarm in time to allow the Democrats to pick a suitable replacement. On the other hand, Biden has rejected the calls to withdraw and said that he would defeat Republican contender Donald Trump. Hollywood furious Quoting unnamed sources, 'The Ankler' has reported that everyone in town is furious with him. Katzenberg has insisted that Joe Biden is “fine” even though there were apparent signs of cognitive decline that became apparent during last week’s presidential debate. According to the 'Financial Times', Katzenberg had his famous quote for everybody, which was ‘I’m happy to put you in a room with him and you’ll see for yourself.’ But nobody did it.”

₹2.5-lakh tax exemption limit but own foreign assets must file an ITR to declare these assets. Also read | Income tax deadline looms: Know your ITR forms to avoid penalties Foreign stocks and stock options are to be disclosed in Schedule FA every year that the taxpayer holds them, and not just when they are sold. Failing to do so could attract hefty fines and prosecution under the black money law.

Joe Biden's dismal performance in the June 27 presidential debate and the damage has been done. Republican contender Donald Trump is gaining ground in key swing states and may threaten to take states once considered to be safe for Democrats, despite Biden's resolve to stay in the contest and beat the former president once again. According to 'Cook Political Report', Biden's base has further eroded and he is losing the survey polls post-debate. Its Editor-in-Chief Amy Walter wrote in an article that the post-debate polling would further move Minnesota, New Hampshire and Nebraska’s 2nd Congressional District from “Likely Democratic” to “Lean Democratic.” It also moved Nevada, Arizona and Georgia from “Tossup” to “Lean Republican.”

IIT-Madras, Archan Bhattacharya, from Sonarpur near Kolkata, was arrested on Saturday for allegedly stabbing and grievously injuring a neighbour of a family friend, along with the neighbour's wife and son. The attack was reportedly in retaliation for the killing of a stray dog, according to Monotosh Chakraborty in a TOI report. Archan, who travelled from Chennai, has been charged with multiple offences, including attempted murder. The injured family members are receiving treatment at MR Bangur Hospital in Kolkata. Investigators revealed that the dispute arose between the families of Gobindo Adhikari and Subhash Debnath, who have been long-time neighbours in the Chouhati area of Sonarpur. The conflict centred around the Debnath family's practice of feeding stray dogs, which the Adhikari family claimed led to the animals entering their house. In May, the Adhikaris allegedly beat one of the stray dogs, which succumbed to its injuries a few days later.

Pakistan government's efforts to reform its public sector enterprises (PSEs) have been marred by persistent challenges, as highlighted by recent fiscal data and international funding initiatives, Dawn reported. Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs 43 billion in the fiscal year 2024. Economic priorities underscore the urgency of privatising PSEs to alleviate the strain on the national budget, a crucial step also mandated for securing future loans from the International Monetary Fund (IMF). The allocation for PSEs in the 2024-25 budget saw a dramatic increase, reaching PKR 1.267 trillion, largely earmarked for subsidies and grants, marking a 104 per cent surge from the previous fiscal year.

HDFC Bank after the Street was disappointed by the lenders' weak Q1 update. Sensex dropped over 500 points to 79,505, while the Nifty50 fell 183 points to slip below the 24,200 mark.

U.S. stocks are ticking toward more records after a report on the job market bolstered hopes that interest rates will soon get easier

continued central bank purchases and ongoing geopolitical uncertainties. The traction in gold exchange-traded funds (ETFs) has notably improved, with global gold ETFs experiencing inflows worth $1.4 billion in June, marking the second consecutive month of positive inflows, according to a World Gold Council report dated 9 July. Asian funds attracted a record $3 billion during the first half, indicating robust investment demand driven by higher gold prices.

Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health among others will be in focus due to various news developments and first quarter updates. Bajaj Finance Bajaj Finance reported a 10% year-on-year growth in new loans booked in the quarter ended June 30, 2024 at 10.97 million compared to 9.94 million in the corresponding period of the last financial year.

Vehicular movement on the Badrinath National Highway in Chamoli district has been blocked due to the falling and piling up of debris at five places in Chamoli district. Taking to the microblogging site, Chamoli Police, Uttarakhand, posted on X, «The Badrinath National Highway has been blocked due to debris near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala and Helang in Chamoli district.» The disruption has affected the busy routes, leaving many commuters and locals stranded.

regional labour commissioner, Chennai, in its submission to the central labour ministry on Wednesday, said there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn’s Chennai iPhone factory. The ministry, however, is awaiting the response from the state government following which it will firm up its observations on the matter for submission to the National Human Rights Commission. “After reviewing the submissions, records, and statements from married female employees, the report concluded that there is no evidence supporting claims of discrimination against married women in the recruitment and employment processes at the Foxconn Chennai iPhone factory,” the regional labour commissioner said in its submission.

Uttar Pradesh, a tragic stampede during a religious congregation led by 'Vishwa Hari Bhole Baba' has claimed the lives of at least 121 people, leaving over 300 others injured. The victims, predominantly women and children, were part of a massive crowd that had gathered near Phulrai village in the Sikandrarau area. The stampede left over 300 people injured, overwhelming local medical facilities. The stampede occurred around 3:30 PM as thousands of attendees rushed to touch the feet of Bhole Baba, whose real name is Surajpal, a former police officer turned religious preacher. According to eyewitnesses, parts of the ground had become boggy due to water overflowing from a nearby drain, causing people to slip and fall over one another. Overcrowding was cited as a primary factor, with attendance far exceeding the 80,000 figure mentioned in the event organizers' application. Reports indicated that nearly 2.5 lakh people attended the 'satsang'. Prakash Kumar, an injured attendee from Aligarh, recounted, “There was a large crowd at the site. There was no way out, and people fell on each other and fainted. When I tried to move out, there were motorcycles parked outside, which blocked my way.”