Reports Financial News

Toyota shareholders voted Tuesday in support of all the company's proposals, including keeping Akio Toyoda, grandson of the Japanese automaker's founder, as chairman on the board. Details on the vote tallies were not immediately available. But the company confirmed the majority voted in support of its positions. A shareholder proposal requesting that Toyota issue an annual report on its climate-related lobbying activities was rejected.

Tesla CEO Elon Musk told employees on Monday that the electric vehicle maker is working on stock-based compensation for high-performing employees, according to two people who reviewed an internal memo. The plan comes just days after Musk won shareholder approval for his $56 billion pay plan consisting of stock options and two months after he announced job cuts affecting more than 10% of Tesla's global workforce in the face of slowing demand for EVs and intensifying price competition from Chinese rivals.

₹1,329 apiece, primarily due to the steep valuation of the stock.In a report on June 17, InCred Equities pointed out that Adani Ports stock trades at 18.2 times FY25F EV/EBITDA versus six-year average one-year forward EV/EBITDA of 14.1 times.The brokerage firm cut its EBITDA estimates for FY25/26F by 3 per cent each but maintained its target price of ₹1,329. It said its target price implies 15 times FY26F EV/EBITDA.EV/EBITDA (enterprise value to earnings before interest, taxes, depreciation, and amortisation) is a financial metric used to evaluate the value of a company.

National Democratic Alliance (NDA) and opposition's INDIA bloc are close to reaching consensus on the crucial post in the Lower House of the Parliament. The Lok Sabha is set to elect a Speaker on June 26.

A top U.S. banking regulator is preparing to hand Citigroup a failing grade on its living-will plan, the latest rebuke for the megabank that has struggled to stay in the government’s good graces. The Federal Deposit Insurance Corp.’s five-member board intends to vote Thursday to downgrade its rating on Citi’s data-management systems to a “deficiency" from a “shortcoming," people familiar with the matter said.

Toronto police say a shooting that took place in the lobby of an office building on Monday afternoon left three dead.

A deadly outbreak of a “flesh-eating bacteria” is spreading rapidly across Japan, alarming health officials with how quickly it can lead to death.

Hindustan Aeronautics (HAL) share price gained more than 5% in opening trades on Tuesday to 52 week highs following news flow pertaining to tenders being floated by the government for Light Combat Helicopter. Hindustan Aeronautics (HAL) share price having gained more than 170% in last one year already has given Multibagger returns to the investors.

₹71,575 per 10 gm and touched an intraday high of ₹71,692 within a few minutes of the opening bell. In the international market, COMEX gold price oscillated around $2,340 per troy ounce, whereas spot gold price quoted $2,325 per ounce.According to the commodity market experts, the gold price today is on the rise, driven by the anticipation of positive US retail sales data and a timeline from the US Fed members' speech on Tuesday.

cricket team a “team".The former South African cricketer, now the coach of Babar Azam’s squad, coached India during the Men in Blue’s successful ODI World Cup campaign in 2011. Harbhajan was a part of that champion team, led by MS Dhoni.Singh called Kirsten “one of the rare gems, a great coach, mentor and honest" and said he was a “special man". According to the Turbanator, Kirsten is a “very dear friend" to all members of India’s World Cup 2011 team.Harbhajan’s comments come at a time when the Board of Control for Cricket in India (BCCI) is looking for someone to replace Rahul Dravid as India’s Head Coach.

ICICI Lombard General Insurance Company with a target price of Rs 2100. The current market price of ICICI Lombard General Insurance Company Ltd. is Rs 1730.1. ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 85278.90 Crore) operating in Financial Services sector.

Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 364179.85 Crore) operating in Auto sector.

Macrotech Developers with a target price of Rs 1770. The current market price of Macrotech Developers is Rs 1556.25. Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.

corporate earnings, we screened out a list of companies which saw consistent growth of at least 20% in both sales and profit in all the last four quarters of FY24. Out of them, there are at least 12 stocks with multibagger returns in the last one year. For the sake of this study, we considered only those companies with a market capitalisation of over Rs 10,000 crore and excluded the leveraged businesses of banks and NBFCs.

Nikhil Gupta, accused of orchestrating a murder-for-hire plot against a Sikh extremist on American soil, pleaded not guilty as he was arraigned in federal court in Manhattan. Gupta was extradited to the US from the Czech Republic on June 14, which court records show as the day of his arrest in the US. He made his first appearance in Manhattan federal court before Magistrate Judge James Cott on Monday afternoon for his arraignment and pleaded not guilty. Gupta's attorney Jeffrey Chabrowe entered the «not guilty» plea on his behalf. Gupta is being held in a Brooklyn detention facility. Gupta is charged with murder-for-hire and conspiracy to commit murder-for-hire. If convicted, he faces a maximum sentence of 10 years in prison for each charge.

Mahindra Financial Services Ltd. is Rs 297. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 36936.17 Crore) operating in NBFC sector.

Balrampur Chini Mills, GMR Airports Infrastructure, Hindustan Copper, India Cements, SAIL, and Sun TV Network. Balrampur Chini Mills managed to come out of the ban on Friday; however, it has reentered the ban list for Tuesday.

heat wave engulfed Delhi, with temperatures peaking at 45.2 degrees Celsius on Monday. according to the India .Meteorological Department's Safdarjung observatory centre. The weather office, however, has forecasted some relief from June 19 onwards. Delhi remains under a 'red' alert through Tuesday, with temperatures expected to reach 45 degrees Celsius again. The Safdarjung observatory, the main weather station in Delhi, recorded a high of 45.2 degrees Celsius, which is 6.4 degrees above the seasonal average.

Fitch Ratings on Tuesday raised India's growth forecast to 7.2 per cent for FY25. Meanwhile, it said that the global growth is expected to slow in 2025 despite monetary easing in 2024.

Secret Service agent was robbed at gunpoint in Tustin, California, during President Joe Biden's visit to the state for a high-profile fundraiser. The incident occurred on Saturday, June 15, shortly after 9:30 pm, while President Biden attended an event in Los Angeles. According to the US Secret Service, the agent was returning from work when he was accosted in a residential community in Tustin, about an hour's drive southeast of Los Angeles. The agent had his bag stolen at gunpoint but was not injured in the incident. The agent fired his gun during the confrontation, but it is unclear if anyone was shot.