Reports Financial News
27.05 / 06:29
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Real estate stocks seem attractive amid rising consolidation, healthy demand; DLF, Prestige, Brigade top picks: Nuvama
Also Read: Stocks to buy or sell: Sumeet Bagadia recommends 5 breakout stocks today“Over the medium to long-term, we anticipate the consolidation in favour of organised developers to gather steam. Moreover, rising capital intensity of the realty business, credit crunch and focus on execution are likely to aid developers with strong balance sheets and established brands. With the uptick in the housing space along with the comfort on the debt reduction front, developers have ramped up their business development activity, leading to the strengthening of launch pipelines and spurred pre-sales growth," the brokerage said in a report.
27.05 / 06:29
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International
mountaineering
Papua New Guinea government says Friday's landslide buried 2,000 people and formally asks for help
United Nations resident coordinator dated Sunday, the acting director of the South Pacific island nation’s National Disaster Center said the landslide “buried more than 2000 people alive" and caused “major destruction."Estimates of the casualties have varied widely since the disaster occurred, and it was not immediately clear how officials arrived the number of people affected.Australia prepared on Monday to send aircraft and other equipment to help at the site of a deadly landslide in Papua New Guinea as overnight rains in the South Pacific nation’s mountainous interior raised fears that the tons of rubble that buried hundreds of villagers could become dangerously unstable.Australian Defense Minister Richard Marles said his officials have been talking with their Papua New Guinea counterparts since Friday, when a mountainside collapsed on Yambali village in Enga province, which the United Nations estimates killed 670 people. The remains of only six people had been recovered so far.“The exact nature of the support that we do provide will play out over the coming days," Marles told Australian Broadcasting Corp.“We’ve got obviously airlift capacity to get people there.
27.05 / 06:29
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Strategy
Pool
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Arsenal
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Why continuation funds are the new arsenal in investor strategies
Mint. Other venture capital firms such as Kae Capital and Westbridge Capital are also considering similar moves, another person said. "We are in discussion with institutional investors and waiting for market interest to build up before we open the fund to a larger set of local investors," India Quotient's Anand Lunia said. Others did not respond to Mint's request for comment.
27.05 / 06:11
UPS
reports
strain
Personal Loan Tenure: How to decide on a term? Here are 4 crucial factors to consider
The ideal repayment period for your personal loan depends on many factors, such as your goals and financial situation. Selecting a shorter payback period—12–36 months, for example—leads to lower total interest payments because interest accrues more quickly. Additionally, you’ll pay off debt faster, which will free up money for other financial objectives. However, if your income is restricted, the equated monthly installments (EMIs) would be higher and could cause financial strain.
27.05 / 04:23
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Target
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Buy Manappuram Finance, target price Rs 225: Motilal Oswal
Manappuram Finance with a target price of Rs 225. The current market price of Manappuram Finance is Rs 177.85. Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 15269.68 Crore) operating in NBFC sector.
27.05 / 04:23
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Pharmaceuticals
Unstoppable bull run! Sensex, Nifty hit fresh lifetime highs on strong global market cues
Asian counterparts, Indian blue-chip indices hit fresh record highs on Monday, driven by financial and metal stocks. The BSE Sensex hit new lifetime high of 75,679 before trading 206 points or 0.27% higher, at 75,615. Meanwhile, the Nifty50 scaled new peak of 23,043 before trading 58 points or 0.25% higher at 23,015 as of 9:19 AM.
27.05 / 04:23
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Justice
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Pune Crime Branch arrest two doctors in Porsche car crash case for manipulating blood samples
doctors from Sasson Hospital in the luxury car accident case where two motorcycle-borne persons were killed earlier this week in Pune city. As per the police, the doctors have been arrested on the charge of manipulating blood samples. The minor accused was taken to the hospital for a medical check-up on the day of the accident on May 19.
27.05 / 04:23
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Target
SUN
Entertainment
reports
Buy Sun TV Network, target price Rs 790: Motilal Oswal
Sun TV Network Ltd. with a target price of Rs 790. The current market price of Sun TV Network Ltd. is Rs 665.05. Sun TV Network Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 26218.45 Crore) operating in Media & Entertainment sector.
27.05 / 04:23
markets
UPS
DISH
Juniper
reports
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
companies will announce their fourth-quarter earnings on Monday with some important names in the mix including LIC, NMDC, National Aluminium Company, and Natco Pharma. Other companies which will also announce their results include Sumitomo Chemical India, Elgi Equipments, NMDC Steel, AstraZeneca Pharma India, Juniper Hotel, Kirloskar Industries, Dish TV India, Flair Writing Industries, Vishnu Prakash R Punglia, DCM Shriram Industries, Motisons Jewellers and many more.
27.05 / 03:43
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IPO
FIVE
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Hyundai
reports
Hyundai Motor India IPO: Kotak, Morgan Stanley likely to be advisors for India’s biggest IPO - Report
Also Read: FPO lock-in expiry: Vodafone Idea share price to gain focus today as anchor investors' 30-day lock-in period endsThe Hyundai Motor India IPO is likely to be purely an OFS (offer for sale) by the parent and slated to be India’s largest IPO, as the South Korean auto major plans to raise between $2.5 billion to $3 billion via the issue, the report added.The IPO is likely to value the Indian arm at around $20 billion and the OFS figure as part of discussions currently is 15% which hasn’t been frozen yet, it said.However, the valuation and IPO size haven’t been finalized which may vary depending on the company strategy and market conditions, the sources told Moneycontrol.Also Read: Upcoming IPOs: Five SME issues and two new listings scheduled for this week; check full list hereAt present, the Life Insurance Corporation of India (LIC) IPO is the largest IPO in India which raised $2.7 billion in May 2022.In FY24, Hyundai Motor India was India’s second largest carmaker after Maruti Suzuki in terms of passenger sales volumes.
27.05 / 03:07
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Real-life Indiana Jones passes away at 94
Schuyler Jones, a globe-trotting American anthropologist and adventurer whose exploits drew comparisons to iconic movie character Indiana Jones, has died. He was 94. Jones' stepdaughter, Cassandra Da'Luz Vieira-Manion, posted on her Facebook page that Jones died on May 17. She said she had been taking care of him for the last six years and «truly thought he might live forever.» «He was a fascinating man who lived a lot of life around the world,» she wrote.
27.05 / 03:07
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Investigations
International
Bangladesh MP Murder: Detective chief says conspirator may have escaped to US, seeks Interpol's help to track down suspect
Anwarul Azim Anar in a flat in New Town, Kolkata, authorities are intensifying efforts to apprehend the alleged mastermind, Akhtaruzzaman Shaheen. A team of Dhaka policemen, led by their detective chief, has arrived in Kolkata and revealed suspicions that Shaheen, a childhood friend of Anar, has fled to the United States. The primary suspect in the murder of Bangladeshi MP Anwarul Azim Anar, Akhtaruzzaman Shaheen, is believed to have escaped to the US via Dubai from Kathmandu. The Bangladeshi detective chief, Mohammad Harun-or-Rashid, disclosed this information during his visit to Kolkata, where the crime took place.
27.05 / 03:03
Porsche
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War
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Pune Porsche crash: Tackle underage drunk driving on a war footing
culpable since they apparently allowed their underage son to drive their car, a Porsche, knowing full well that he did not have a driving licence as he wasn’t yet eligible for one. Sure, we live in an age where parents have less and less influence over their progeny, especially once they reach their teens. But that does not absolve them of responsibility.
27.05 / 03:03
Entertainment
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Metro
Cummins
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Stocks to watch: NTPC, Cochin Shipyard, Adani Ports, Divi's, Wipro, Nazara Tech
NTPC: The company reported a 33% YoY surge in Q4 net profit to ₹6,490 crore and a 7.6% increase in revenue to ₹47,622 crore. The company’s gross power generation rose by 4.15% to 93.387 billion units (BU) in Q4, compared to the same period last year, amid rising power demand due to high temperatures across the country.
27.05 / 03:03
reports
Earthquake today: 6.6 magnitude tremor hits Tonga but no reports of tsunami risk or damage
earthquake struck the South Pacific Island nation of Tonga on Monday, but there were no tsunami warnings or immediate reports of damage.The quake had a preliminary magnitude of 6.6 when it hit at 9:47 a.m. local time, the U.S.
27.05 / 03:03
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Relationships
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Prince Harry and Meghan Markle's ‘closer ties’ with two royal family members leave Kate Middleton, William ‘concerned’
Prince Harry and Meghan Markle strengthening their bond with two other members of the Royal Family.As reported by the Mirror, the Duke and Duchess of Sussex have distanced themselves from senior royals after openly criticizing aspects of royal life. Royal author Tom Quinn has proposed that they are now rebuilding connections with Princess Beatrice and Princess Eugenie.Quinn said, “For William and Kate an alliance between Harry and Meghan and Beatrice and Eugenie is a huge worry."Also Read: Prince Harry’s reconciliation efforts with family face renewed opposition from two royals, says report“They sense that Beatrice and Eugenie feel that, as virtual outcasts themselves, they have far more in common with Harry and Megan than with any other part of the family," Quinn told the Mirror, adding that the situation is “made worse by the fact that the senior royals' main asset – Kate herself - is effectively out of action while she continues her treatment for cancer."Princess Beatrice and Princess Eugenie, daughters of Prince Andrew and Sarah Ferguson, are said to have maintained a connection with the Duke and Duchess of Sussex since their relocation to the United States.
27.05 / 03:03
Target
Refugees
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hospital
reports
Israel airstrike hits refugee camp in Gaza; kills 35 including children. What we know so far
Israeli airstrike on Sunday hit a refugee camp for displaced people in Gaza killing at least 35 people, mostly women and children, and injuring dozens more, CNN reported citing Palestinian Ministry of Health. The Ministry said that there is no hospital in Rafah with enough capacity to take this number of killed and injured, causing confusion among ambulance teams on where to transfer them.Videos that were posted on social media showed that the area that had been targeted included a large container used as a shelter for dozens of families, surrounded by hundreds of tents.
27.05 / 02:25
UPS
Mobile
BAY
Southern
reports
evacuation
Cyclone Remal continues 'Northward', expected to gradually weaken into cyclonic storm
Severe Cyclonic Storm 'Remal' has been moving northwards after making landfall over the coastal areas of West Bengal and Bangladesh. According to the India Meteorological Department (IMD), the cyclone is expected to gradually weaken into a Cyclonic Storm today as it continues its north-northeastward trajectory. «The Severe Cyclonic Storm 'Remal' over the North Bay of Bengal moved nearly northwards, with a speed of 13 kmph during past 06 hours, crossed Bangladesh and adjoining West Bengal Coasts between Sagar Islands and Khepupara close to southwest of Mongla near Latitude 21.75°N and Longitude 89.2°E between 22:30 hrs IST of 26th May to 00:30 hrs IST of 27th May 2024 as a Severe Cyclonic Storm with wind speed of 110 to 120 Kmph gusting to 135 Kmph,» said IMD in a post on X. «It lay centered at 01:30 hrs IST of today, the 27th May, 2024 over Coastal Bangladesh and adjoining Coastal West Bengal, near latitude 21.9°N and longitude 89,2°E about 115 km east of Sagar Islands (West Bengal), 105 km west-southwest of Khepupara (Bangladesh), 70 km southeast of Canning (West Bengal) and SO km south-southwest of Mongla (Bangladesh), The system would continue to move nearly northwards for some more time and then north-northeastwards and weaken gradually into a Cyclonic Storm by morning of 27,» added the post.
27.05 / 02:01
UPS
Progressive
President
track
reports
Taiwan detects 21 Chinese military aircraft, 11 naval and 4 coast guard vessels near its territory
Taiwan's Ministry of National Defence (MND) said on Monday that it has detected 21 Chinese military aircraft, 11 Chinese naval vessels and four Chinese coast guard vessels operating near its territory from 6 am (local time) on Sunday to 6 am (local time) on Monday. Out of these 21 Chinese military aircraft, 10 entered Taiwan's southwestern and southeastern air defense identification zone (ADIZ), according to Taiwan's MND. In response to the Chinese activity, Taiwanese armed forces have monitored the situation and deployed naval vessels, and coastal missiles to monitor the situation. In a statement shared on X, Taiwan's MND stated, «21 PLA aircraft, 11 PLAN vessels, and 4 CCG vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 10 of the aircraft entered Taiwan's southwestern and southeastern ADIZ. ROC Armed Forces have monitored the situation and employed CAP aircraft, Navy vessels, and coastal missile systems in response to the detected activities.»
27.05 / 02:01
markets
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NVIDIA
Trade
stage
reports
testing
Asia shares inch higher before inflation tests
data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates there, albeit not for a few months yet. Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the downside.
27.05 / 01:45
UPS
Extreme
Racing
community
wellness
Inside
reports
At least 14 dead from storms in Texas, Arkansas, Oklahoma and Kentucky
severe weather over the holiday weekend. In Indiana, storms delayed Sunday's scheduled start of the Indianapolis 500-Mile Race, or Indy 500, the premier U.S. auto racing event traditionally held over the Memorial Day weekend.
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