Reports Financial News

Preliminary results show no new hotspots have been found along the remaining 300 metres of a major feeder main that broke in Calgary almost two weeks ago, emergency officials said Sunday.

Rahul Gandhi said serious concerns about transparency in the country's electoral process are being raised even as the Election Commission rejected the tampering claim.The poll panel said that EVM is a stand-alone device with ‘robust’ administrative safeguards to protect it from manipulation.The row erupted after Mid-Day newspaper published in its report that a relative of Ravindra Waikar, the winning Shiv Sena candidate from Mumbai North West Lok Sabha constituency was allegedly found using a mobile phone "connected" to an EVM during the counting of votes on June 4. Waikar won the election by 48 votes.The report claimed that Waikar’s brother-in-law Mangesh Pandilkar, had used a mobile phone to “unlock" an EVM when the votes were being counted.

market is likely to see a renewed wave of IPO rush in the next three to four months with the general elections out the way. Data and multiple reports suggest that over 30 companies are ready to hit the market in the few months, aiming to raise over Rs 50,000 crore. Analysts said there are as many as 24 companies planning to launch IPOs worth Rs 30,000 crore.

BJP falling short of majority by 32 seats, an uncertainty persists over who the ruling (NDA) alliance’s candidate will be. The Opposition INDIA bloc have demanded that the position goes to NDA allies including the Janata Dal (United) and the Telugu Desam Party (TDP). This has led to a difference in opinions within the saffron party-led coalition, as per a TOI report. In the 2024 Lok Sabha polls, the BJP secured 240 seats, falling short of a majority by 32 seats. However, with 16 seats won by N Chandrababu Naidu's TDP and 12 by Nitish Kumar's JD(U), these allies became crucial in forming the government at the Centre. Their support has been instrumental in paving the way for Prime Minister Narendra Modi's third term, earning them the title of kingmakers.

economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed.

South Korean crypto exchanges could delist “hundreds of altcoins” this year, with financial authorities ready to step up their policing of the sector.

NEW DELHI : Private retail chains and online grocers such as D-Mart, Reliance Retail, BigBasket, Amazon and Flipkart must now declare the amount of pulses they stock twice a week, as the government tries to curb the sharp rise in their prices. The government recently directed millers, retailers, wholesalers, big retail chains, importers, processors and stockists across the country to disclose stocks every week. However, the norm has recently been changed to twice a week for big private retail chains.

Upcoming IPOs this week: Three mainboard initial public offerings (IPOs) — DEE Development Engineers IPO, Stanley Lifestyles IPO, and Akme Fintrade India IPO — will hit the Indian primary market this week. Out of these three upcoming IPOs, DEE Development Engineers IPO will be the first to hit the Indian primary market this week. DEE Development Engineers IPO will open on 19th June 2024, Stanley Lifestyles IPO subscription will open on 21st June 2024, and bidding for Akme Fintrade India IPO will begin on 19th June 2024.

Zomato has confirmed discussions with Paytm regarding the acquisition of Paytm's movies and events business."We have noticed that there are certain news articles circulating in the mainstream media with the subject 'Zomato in talks to acquire Paytm’s movies, ticketing business'. This voluntary disclosure is being made to clarify our stance on the matter given that any transaction that is considered potentially meaningful may create uncertainty in the market.

Bikaji Foods International sells its products primarily through general trade, modern trade, and ecommerce platform, as well as exports. Over the years, the company has developed a large Pan-India distribution network.

In this article

iPhone 17 model that will be released in 2025. Without mentioning a specific launch date, the report stated that a similar redesign is also in the works for the Apple Watch and MacBook Pro.Notably, a previous report had claimed that Apple was planning the biggest overhaul yet of the wearable with the Apple Watch X.

New Zealand defence force plane flying New Zealand's Prime Minister Christopher Luxon to Japan broke down on Sunday, forcing the Prime Minister to take a commercial flight, his office confirmed on Monday. Luxon is spending four days in Japan, where he is expected to meet with Japan's Prime Minister Fumio Kishida and spend time promoting New Zealand business.

Nikhil Gupta, who is suspected by the US of involvement in an unsuccessful plot to kill Khalistani terrorist Gurpatwant Singh Pannun on American soil, has been extradited from the Czech Republic, media reports said on Sunday. Gupta, aged 52, was apprehended in the Czech Republic last year following a request from the US government. He faces charges related to a conspiracy to assassinate Sikh separatist leader Gurpatwant Singh Pannun. Gupta is scheduled to appear before a federal court in New York on Monday. Currently, Gupta is held at the federal Metropolitan Detention Centre in Brooklyn, where he is recorded as an inmate. His extradition was initially reported by The Washington Post

₹1.5 trillion, the asking P-E is 25.6," said Aditya Kondawar, partner, Complete Circle Capital, a wealth management firm. “The IPO will be critical for both investors and the company, since India is Hyundai’s third-largest revenue generator after the US and South Korea," Kondawar added. Hyundai Motor’s IPO, the largest in India after Life Insurance Corporation of India’s ₹20,000 crore-plus share sale in 2022, will be the country’s first automobile IPO in two decades.

Tata Motors Ltd has laid out an aggressive road map for the next few years, aiming to jack up its market share on the back of new launches andsharper focus on electric vehicles (EVs), though more competition and margin pressure may throw a wrench in its plans. In the domestic passenger vehicles (PV) business, Tata Motors plans to launch 5-6 new models, including four EVs, over the next two years starting with Curvv in FY25. The management expects India’s PV industry to touch 6 million units by FY30, a compound annual growth rate (CAGR) of 6%.

BENGALURU , MUMBAI : Quick-commerce company Zepto is looking to set up bigger dark stores so it can stock a larger assortment of products, according to two people aware of the company's plans. The development comes as the online grocery platform seeks to move big-time into non-grocery delivery, and as investors queue up to buy a stake in the four-year-old startup.

ALSO READ: Macro data, BoE, China verdict, FII mood, global cues to drive markets this weekOn June 18 (Tuesday), US retail sales data for May and a report on industrial production for the same month will be released.June 19 (Wednesday) will see the release of a report on home builder confidence index for June.On June 21 (Friday), data on the S&P flash US services PMI and the S&P flash US manufacturing PMI for June will be declared. Existing home sales data for May will also be released on the same day.Following companies are due to report quarterly earnings in the week ahead— Lennar, La-Z-Boy, KB Home, America's Car-Mart, Accenture, Kroger, Darden Restaurants, CarMax, and FactSet.ALSO READ: Red Lobster Looks to New Wall Street Savior After Prior WoesUS stocks closed mixed on Friday following another slide in Europe.The Dow Jones Industrial Average fell 57.94 points, or 0.15 per cent, to 38,589.16.

DreamWorks movie, 'Trolls Band Together,' based on the classic toy franchise, will be available on Netflix US from July 2024, a What’s on Netflix report said. This follows its theatrical release in late 2023.

The Diplomat season 2 promises to bring more intrigue and drama, with fans eagerly awaiting its release in 2024.

state government employees to the sitting MPs, party workers working against them, and the false narrative that the Constitution would be changed were among the prominent reasons cited by the BJP's Lok Sabha candidates of Uttar Pradesh for the party's poor performance in their respective seats, sources said. With the BJP managing to win only 33 seats in Uttar Pradesh in the 2024 elections, 29 seats down compared to the 2019 polls, the BJP's state unit has started looking into the reasons for its poor performance and is likely to submit a report to the central leadership by the end of this week. Besides seeking feedback from the candidates in a sealed envelope, the BJP has also formed a task force of 40 leaders to evaluate the party's performance in the 78 seats, sources said.