Show Financial News

By Maximilian Heath and Miguel Lo Bianco

By Alexandra Ulmer and Joseph Tanfani

By Deena Beasley

NHPC on Friday posted a 4 per cent rise in its consolidated net profit to Rs 1,095.38 in the June quarter compared to the year-ago quarter mainly on the back of higher revenues. The consolidated net profit of the company was Rs 1,053.76 crore in the quarter ended on June 30, 2022, a BSE filing showed.

Pakistan has reneged on various international agreements that include those relating to good governance, human rights and labour rights, the European Union's (EU) 10-year preferential trade agreement, GSP Plus, may not be extended, according to the Insideover. As envisaged by the Generalised Scheme of Preferences (GSP) scheme, the country has also failed to bring about sustained development and poverty reduction in Pakistan. In the year 2020, 28 per cent of Pakistan's total exports to the EU were duty-free thanks to its GSP Plus status, and 78 per cent of these exports went to the EU.

Nifty PSU which is currently trading at 4555 levels. Now even in this week it has given a good close and it is showing a sign of resilience. At present, this index has got a resistance at 4621 level, once that level has been crossed again we could see some kind of momentum going forward, says Mileen Vasudeo, Arihant Capital Markets.Edited excerpts:This week was all about consolidation, extremely sideways move at the index level stuck in an extremely narrow band. Is this likely to be the case in the coming truncated week as well? Last time I had told you about the Nifty that prior resistance was at 19300 to 19500.

Adhir Ranjan Chowdhury on Saturday said the suspending members will «undermine the spirit of Parliamentary democracy» and termed the practice as a «deliberate design by the ruling party to throttle the voice of the Opposition». The Congress MP who was suspended from Lok Sabha for «deliberate and repeated misconduct» said that he can «approach the Supreme Court» if needed. The matter of Chowdhury's suspension has been referred to the Privileges Committee.

BJP here ahead of Assembly polls. Taking to reporters, BJP in-charge for Rajasthan Arun Singh said «more and more people» are showing their faith in the BJP and attacked the Congress government over the «rising» crimes against women in the state. Assembly polls in the state are likely to be held later this year.

FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs Friday when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed the boundaries of his $250 million bail package to a point that Kaplan could no longer ensure the protection of the community, including prosecutors' witnesses, unless the 31-year-old was behind bars. After the hearing ended, Bankman-Fried took off his suit jacket and tie and turned his watch and other personal belongings over to his lawyers. The clanging of handcuffs could be heard as his hands were cuffed in front of him. He was then led out of the courtroom by U.S. marshals. It was a spectacular fall for a man who prosecutors say portrayed himself as «a savior of the cryptocurrency industry» as he testified before Congress and hired celebrities including Larry David, Tom Brady and Stephen Curry to promote his businesses.

India needs a new green revolution under the leadership of Prime Minister Narendra Modi to show the path of natural farming to the world and lead the way for prosperity of farmers. This green revolution will bring wealth from across the world to India by finding markets for organic products, he said.

Bigg Boss OTT season 2 is just around the corner, with only three days left to discover the ultimate winner. The past week has been filled with excitement as special guests stepped into the Bigg Boss OTT house for lively conversations and entertaining tasks with the contestants. During the recent «Weekend Ka Vaar» episode, a double elimination left viewers stunned as Jad Hadid and Avinash Sachdev bid farewell to the Bigg Boss house.

₹10.26 crore net in India on its opening day, based on early estimates. The film exhibited an overall 37.53% Hindi occupancy on August 11. OMG 2 marks a sequel to the Paresh Rawal and Akshay Kumar-starrer "OMG: Oh My God." According to analyst Taran Adarsh, OMG 2 has performed much better than anticipated, although the numbers have been significantly influenced by the impact of the Gadar 2 wave.

e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.

gold closed with a weekly loss of around 1.40% at $1913.88 on buoyant yields and a firmer dollar as traders became concerned about the possibility of a return of inflation in the US amid a still resilient economy. Gold's weekly high in the week ending August 11 was $1946.81, while the weekly low was noted at $1911.73. The much-awaited US July CPI inflation report showed that US Core CPI posted the smallest back-to-back rise in two years.

Ayushman Bharat scheme would also be extended to families with an annual income from ₹1,80,000 to ₹3,00,000. In an official statement, Haryana CMO stated that the beneficiary families will be able to avail of benefits by depositing ₹1,500 for which the portal will be opened from August 15, according to a report published by the news agency ANI. So far, as many as 30 lakh families are taking benefit of the Ayushman Yojana, however, eight lakh more families will now be able to avail it, the statement added.

The Idea: All three of Steven Rinella’s kids were born in cities and currently live in Bozeman, Mont., but he says adventure can occur even when you’re flipping stones. The 49-year-old host of “MeatEater," a Netflix hunting show, says he’s gotten his children to the point where you can put any kind of bug in their hands and they don’t scream “EW!" Perhaps they have gotten too comfy: One recently came home with a scorpion, a situation Rinella takes in stride. “Anxiety in the parent creates anxiety in the kid," he said.

hair stylist in Hollywood — but even through the good times, she never gave up her backup plan. Until the pandemic. «I had a salon where I could work if I had to, and I closed it,» she said.

attack by Islamic State group jihadists on Syrian government forces in the war-torn country's east has killed 33 soldiers, a monitor said Saturday, revising an earlier toll of 26 deaths. The shooting Thursday evening on an army bus was the extremist group's deadliest attack on government forces this year, according to the Syrian Observatory for Human Rights. Despite losing their last piece of territory in Syria in 2019, IS has maintained hideouts in the vast Syrian desert from which it has carried out ambushes and hit-and-run attacks.

investors including hedge fund Baupost Group and mutual fund giant Fidelity bought or increased their holdings in retailer Amazon.com during the second quarter as its stock surge helped fuel Wall Street's rally. Baupost Group owned 963,946 shares in Amazon on June 30, according to a regulatory filing made late on Friday. Soros Fund Management owned 769,061 Amazon shares at the end of the second quarter, representing an increase of more than 8% in its holdings.

By Marco Garcia and Mike Blake

dhai kilo ka haath’ still works wonders at the box-office! ‘Gadar 2’, the much-anticipated sequel to the 2001 blockbuster ‘Gadar: Ek Prem Katha’, and the comeback vehicle for leads Sunny Deol and Ameesha Patel have set the box-office on fire. According to a report shared by the Indian box-office tracking portal Sacnilk.com, the movie has emerged as one of the highest grossers this year, earning Rs 40 crore on the first day of its release. ‘Gadar 2’ is predicted to mint around Rs 45 crore on the second day. If it manages to do so, it will cross Rs 85 crore at the box-office! The movie managed an overall occupancy of over 60 per cent on day one, while the night shows enjoyed a spectacular 85 per cent occupancy. Another box-office tracking website Box Office Worldwide has predicted that the movie may mint over Rs 115 crore over the weekend if it can keep up the momentum! Bollywood superstar Salman Khan was all praise for the movie. "Dhai kilo ka haath equals chalis cr ki opening. Sunny paaji is killing it. Congrats to the entire team of Gadar 2," wrote the 'Dabangg' actor. Trade analyst Komal Nahta took to Twitter to gush about the movie. “Gadar 2’ is not a film, it’s a celebration, an emotion that touches the heart of every Indian. No wonder it’s ruling the box-office like no film has ruled after ‘Pathaan’ this year! Its opening is HISTORIC in many places! Await my detailed review. But if you may, watch the film even before that,” he wrote. In contrast, ‘OMG 2’, a social satire starring Akshay Kumar, Pankaj Tripathi, and Yami Gautam had a more modest opening day figure — Rs 9.50 crore.