Reports Financial News

MphasiS Ltd. traded 0.24 per cent lower in Friday's session at 11:46AM (IST). The stock opened at Rs 2399.85 and has touched an intraday high and low of Rs 2410.55 and Rs 2383.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1807.0. About 2,844 shares changed hands on the counter so far.

shares of billionaire Gautam Adani's flagship entity Adani Enterprises have erased all losses induced by the controversial Hindenburg report. During the day, the stock rallied 2% to hit a fresh 52-week high of Rs 3,455 on BSE but was still about 21% away from its all-time peak of Rs 4,189.55 touched on 21st December 2022. At the peak of the Hindenburg crisis, shares of Adani Enterprises had fallen to a low of Rs 1,017.45 on 3rd February 2023. Faithfuls have been rewarded with a 3X return since then.

Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.The stock crawled back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at the ports-to-power conglomerate in January 2023. The group has repeatedly denied those allegations.The flagship’s stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023.

PTI report, a ban has been imposed on the sale and import of poultry products, including chicken, duck, quails, and other birds, in the Kottayam district.The measures were implemented after an inter-departmental meeting held at the Collectorate, where district Collector V Vigneshwari confirmed the outbreak. The farm, operated by the Animal Husbandry department, had approximately nine thousand chickens at the time.The National Institute of High-Security Animal Diseases lab in Bhopal, Madhya Pradesh, confirmed the H5N1 outbreak after testing samples from chickens that had died in large numbers at the farm.The full extent remains unknown, but several recent developments suggest it may be in more herds than documented.

salary package upon completing their engineering degree. The latest report revealed 8,000 IITians have not found a job through campus placement this year.In a LinkedIn post, IIT Kanpur alumnus and placements mentor Dheeraj Singh shared three years' placement data based on 23 RTIs (Right to Information), annual reports, media reports, and student insights. In 2024, 21,500 were registered at IITs, of which 13,410 were placed while 8,090 were yet to find jobs.The number of unplaced students almost doubled this year as compared to 2023.

nuclear area, reported Russia Today (RT).Atomic Energy Commission chairman Ajit Kumar Mohanty was hosted by the Russian Atomic Chief in Siberia's Tomsk region in Russia on Thursday. The Russian Atomic Chief showed Mohanty the fourth-generation site that will host the safest atomic reactor in history, RT-India reported.Moreover, the head of Rosatom Likhachev also praised the cooperation between the two nations, calling India a key partner in the nuclear area.Earlier on Thursday, Mohanty and the head of Rosatom held meetings in Seversk, Tomsk region.The leaders of Russian and India nuclear industries visited the site of the Pilot Demonstration Energy Complex (PDEC) being built in Seversk, Tomsk region, as a part of the "Proryv" ("the Breakthrough") strategic industry project, according to a statement by Rosatom.During the joint visit, a full-scale discussion took place on the perspective areas of the Russian-Indian cooperation in the nuclear field."We are ready to serious expansion of the cooperation with India in the field of using nuclear energy for peaceful purposes.

Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24).The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for the fourth quarter of FY24 as against ₹175 crore in the same period last year. On a sequential basis, the profit jumped over 23 percent from ₹151 crore in the previous quarter.Meanwhile, its revenue from operations increased 18.3 percent to ₹1,450.69 crore in Q4FY24 versus ₹1,226.14 crore in the corresponding period of the preceding fiscal.The stock rose as much as 14.3 percent to its new high of ₹1,308.25 in intra-day deals today.

(HOAC Foods India) made a decent market debut today, as its shares opened at ₹147 each on NSE SME, indicating a premium of 206% over the issue price of ₹48. The SME IPO, valued at ₹5.54 crore, was open for subscription from May 16 to May 21, 2024, at a price of ₹48 per share.

When unexpected expenses come knocking, while your savings fall short, reaching out to a bank to seek personal loan can be a saviour. Choosing the right lender, therefore, is crucial to avoid high-interest rates that can make repayment burdensome and at times – unaffordable.

China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.The growing competitive pressure in China also adds a cautionary note to investors in the U.S.

Reuters reported on Friday.In a statement to Singapore broadcaster Channel News Asia, the airline said it will now refrain from serving hot drinks or meals when the seatbelt sign is on.The SQ321 London-Singapore flight on a Boeing 777-300ER plane carrying 211 passengers and 18 crew diverted to Bangkok for an emergency landing on Tuesday after the plane was buffeted by turbulence that flung passengers and crew around the cabin, slamming some into the ceiling, the Reuters report added.Flight SQ321 has since modified its route, avoiding the area of turbulence encountered during the incident.Here are the top eight updates from the Singapore Airlines turbulence incident: Milestone Alert! Livemint tops charts as the fastest growing news website in the world

PTI that the Election Commission of India (ECI) has cautioned district administrations to implement all necessary precautions at polling stations due to the impending storm. Furthermore, the state Chief Electoral Officer, Ariz Aftab also conducted a meeting with superintendents of police and state disaster management officials to assess the situation and instructed them to take essential measures to avert any unfavorable circumstances, the agency reported.

Violence in Bishkek: India, Pak issue advisory to students - crucial updatesParents of students from Madhya Pradesh studying in Kyrgyzstan have urged the Centre to ensure the safe return.Police in riot gear were deployed in part of Kyrgyzstan's capital overnight as large crowds gathered in anger over an alleged fight between local and foreign people, The Times of Central Asia reported.On May 18, India asked its students in Bishkek to stay indoors after fights were reported between some locals and foreigners.Earlier, External Affairs Minister S Jaishankar had advised Indian students to stay in regular touch with the Indian embassy.Why India and Pakistani students are being attacked in Kyrgyzstan? ExplainedMeanwhile, the Indian Embassy in Kyrgyzstan said it is working actively with the universities and senior government functionaries to address the concerns of the Indian students. Two helplines 0555710041 and 0555005538 have been functional 24x7 where students can continue to reach out to the Embassy for all kinds of assistance.Jaishankar monitors welfare of Indian students in Kyrgyzstan amid mob violence"The situation in and around Bishkek is normal and stable today.

PI Industries with a target price of Rs 4280. The current market price of PI Industries is Rs 3637.35. PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 55521.25 Crore) operating in Pesticides/Agro Chemicals sector.

India is nearing the end of weeks-long election battle in the world's largest democracy, job talks are taking center stage with the Prime Minister and Opposition making opposite claims. BJP, the ruling party, led by Prime Minister Narendra Modi, is talking up good signs in employment, but the opposition, especially Congress leader P. Chidambaram, isn't buying it, asking tough questions and stirring up the conversation. In a recent chat with The Economic Times, PM Modi, who is seeking to return to power for a third term, boasted about job growth in India. “Look at the indicators which prove the job generation. The returns filed by individual taxpayers more than doubled from 3.36 crore in 2013-14 to 8.18 crore in 2023-24,” Modi said. Also Read: Is India suffering from an unemployment issue? PM Modi says the country is generating jobs

death of a detainee under police custody, the in-charge (IC) of the Khelmati Police Station in Assam’s Lakhimpur district has been placed under suspension. Assam Director General of Police (DGP) GP Singh on Thursday in a post on his official X handle informed that IC Dipankar Changmai, along with an on-duty sentry at the time of the incident, has been placed under suspension.

West Bengal Governor CV Ananda Bose has criticised Chief Minister Mamata Banerjee over the killing of an elderly woman in Nandigram in Purba Medinipur district. Bose directed Banerjee to take immediate action and submit an action taken report to him, a source told PTI. In an official communication, Bose «cautioned» Banerjee to end what he described as a «blood bath» and ensure all necessary actions are taken within the parameters of the Model Code of Conduct (MCC). The governor expressed strong disapproval of what he termed state government-sponsored violence in Nandigram and stressed that any constitutional violations would be taken seriously, with appropriate actions to follow. The communication was sent to the state secretariat on Thursday evening.

Canadians and Americans along the Atlantic coast are being urged to prepare now as forecasters are predicting an above-normal hurricane season.

Interglobe Aviation: The operator of IndiGo airlines reported a Q4 profit of ₹1894.8 crore, marking its sixth consecutive profitable quarter, driven by robust demand despite rising fuel prices. The company’s revenue grew by 26% to ₹17,825.3 crore, and EBITDAR jumped to ₹4,412.3 crore.

U.S. pier project in Gaza is starting to get more aid to Palestinians in need but conditions are challenging, U.S. officials said Thursday. That reflects the larger problems bringing food and other supplies to starving people in the besieged territory. The floating pier had a troubled launch, with crowds overrunning some of the first trucks coming from the new U.S.-led sea route and taking its contents over the weekend. One man in the crowd was shot dead in still-unexplained circumstances. It led to a two-day suspension of aid distribution.

OpenAI is releasing a majority of past employees from nondisparagement agreements tied to their exit contracts and equity, the startup confirmed Thursday. In a message sent to former employees Thursday, the company said it would not seek to cancel staffers’ equity that has vested if they spoke out about the company.“Regardless of whether you executed the agreement, we write to notify you that OpenAI has not canceled, and will not cancel, any vested units,” said the message, which was reviewed by Bloomberg. Current staff were also notified of the change.