Show Financial News

Indraprastha Gas Limited (IGL) jumped 7 percent in intra-day deals on Wednesday despite weakness in the Indian market on the back of decent financial results for the March quarter (Q4FY24). The firm posted a 9 percent rise in its consolidated net profit at ₹433.79 crore as against ₹397.51 crore in the corresponding period last year. However, the leading city gas distributor's (CGD's) revenue from operations in the quarter under review fell 2 percent to ₹3,964.42 crore, versus ₹4,056.44 crore in the year-ago period.

Godrej Consumer Products Ltd. traded 1.41 per cent up at Rs 1340.8 at 11:00AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 270.2 points to 73241.65. The stock had closed at Rs 1322.05 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1350.0 and Rs 932.05, respectively.

InterGlobe Aviation Ltd. traded 1.07 per cent up at Rs 3990.65 at 11:11AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 276.28 points to 73235.57. The stock had settled at Rs 3948.35 in the previous session. The stock quoted a 52-week high price of Rs 4188.15 and 52-week low of Rs 2158.85, respectively. As per BSE data, total traded volume on the counter till 11:11AM (IST) stood at 4152 shares with a turnover of Rs 1.65 crore.

pet dog inside the lift of the upscale Lotus 300 Society in Noida's Sector 107. The incident took place on May 3, adds to a growing number of dog attacks in the city. CCTV footage from inside the lift captured the harrowing moment. The video shows the girl alone in the lift when the doors open, and suddenly, a pet dog rushes in and launches an attack. The child had no chance to defend herself against the unexpected assault. This incident has raised serious concerns about safety measures within residential complexes, particularly regarding pet ownership and management. It underscores the importance of implementing strict regulations and guidelines to ensure the safety of residents, especially children, from such unforeseen dangers.

Indian Americans favour a third term for Prime Minister Narendra Modi as his government's policies are transforming India, an influential community leader has said. Indians are part of the deep economic growth of the United States and they've been working hard to contribute to the economic growth, Indian-American Democratic fundraiser Ajay Jain Bhaturia said, underling that when they see similar economic growth happening back in India, they feel very proud of it. «I think the majority of Indian Americans want Prime Minister Modi to come back. It's a sense of pride for them that when India shines, they shine,» Bhaturia told PTI in an interview.

Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea's largest IPO since January 2022.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T has a visibility of at least two-and-a-half, three years of order book for execution. The situation is also extremely buoyant for ABB, Siemens where the capital goods segment power play is going on currently. From a business perspective, these companies are very favourably placed, but because the valuations are already fully pricing in FY26 earnings per se, it would be better to buy them when the market gives some correction and opportunity for the margin of safety. Let us begin by discussing this new-age tech vertical itself that we used to talk a lot more about and a lot more often rather than what we have seen of late, the likes of Zomato, Nykaa, PB Fintech, Paytm. What within that looks like an attractive bet right now after the kind of price moves that we have seen? Deven Choksey: I do not think that immediately any of these names become very appealing and attractive to me largely because of the few facts. Leave aside Paytm for a while now because the underlying business model has to get re-established before we have any view on Paytm. However, Zomato is showing a better approach towards revenue collection and becoming more profitable.

prices for solar panels, which have slashed profits across the sector, don’t have much room to fall further, according to the chairmen of two of the industry’s biggest firms. The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange. Li answered written questions from investors at the event on Tuesday along with executives from other firms, including Trina Solar Co. and CSI Solar Co. The companies are trying to turn a corner after solar manufacturers saw profits vanish as a wave of new factories that were aimed at capturing a growing market came online in the past year. Instead, the new supply has overwhelmed demand, sending panel prices to record lows and annihilating margins.“The price of photovoltaic modules is currently at a low level, and there’s limited room for further decline,” Trina Chairman Gao Jifan said at the presentation.

ELSS funds which have delivered higher than 18 percent returns in the past 10 years. Let us first understand what ELSS mutual funds are? These refer to the mutual funds which have at least 80 percent investment in stocks in accordance with Equity Linked Saving Scheme (ELSS), 2005, notified by the Ministry of Finance. They have a lock-in period of three years (shortest amongst all other tax saving options) and are eligible for tax deduction up to ₹1.5 lakh under Sec 80C of the Income Tax Act.

Aurobindo Pharma has been in a broad range since November 2023 wherein the stock has taken support near Rs 985 levels a few times while on the upside, it shows a resistance near its all-time high level of Rs 1,177. Post 19th March, the stock has been in a broader uptrend and has not been able to breach its resistance zone in the past 5 trading sessions.

private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom fuels demand for digital infrastructure. The intense pace of deals in the world's most populous region comes as countries and companies respond to booming demand for AI, calling for more data capacity, industry executives said.

TAIPEI: Taiwan's military is prepared for any moves China may make around the time President-elect Lai Ching-te takes office later this month, the island's deputy defence minister said on Wednesday. China, which views democratically governed Taiwan as its own territory, has a strong dislike of Lai, believing him to be a dangerous separatist, whose repeated offers of talks it has rejected, including one this month. Lai, like current President Tsai Ing-wen, rejects Beijing's sovereignty claims; both say only the island's people can decide their future. Lai, now vice president, will be inaugurated on May 20.

Congress leader Priyanka Gandhi said that under the reign of Prime Minister Narendra Modi, "British Raj-like conditions" are prevailing in the country, with the government policies only benefiting billionaires. «British Raj-like conditions are prevalent in the country. The policies of the Modi government are not being made keeping in mind the poor but have been made to benefit the billionaires. International reports show that today the condition of inequality in India is worse than British rule,» Priyanka Gandhi said on Tuesday while addressing Congress workers in the Rae Bareli constituency in Uttar Pradesh, where her brother and Congress leader Rahul Gandhi is contesting. «All the institutions which strengthen democracy are being weakened, be it media or Parliament. Mahatma Gandhi, Pandit Nehru had fought against the British to strengthen the rights of the people, little did they know that a day would come in independent India when the government would be bent upon depriving the people of their rights,» she added.

Asian stocks lacked direction on Wednesday, while the dollar remained firm despite lower U.S. Treasury yields as markets assessed mixed signals from U.S. policymakers and economic data on the path for Federal Reserve interest rates. The yen remained on the back foot even with the threat of currency intervention from Japanese authorities to support it.

Gold prices were steady on Wednesday, while market participants awaited fresh cues from U.S. Federal Reserve officials for further clarity on the timeline for potential interest rate cuts.

Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel.

Sensex fell 383 points to settle at 73,511 and Nifty declined 140 points to 22,302. Stocks that were in focus include names like Dabur, which rose 5.11%, Inox Wind, which was down 6.06%, and Zomato, whose shares declined 1.89% on Tuesday.

The Visa Onchain Analytics Dashboard is designed to be an easily-digestible, freely-available window into publicly-available aggregated blockchain data, beginning with stablecoins. From information on active users, to volumes by coin and blockchain, to transaction sizes and an evolving set of metrics, the dashboard looks to provide clear insights into stablecoin activity. Explaining the value of the resource, Visa head of crypto, Cuy Sheffield cites a chart that has been making the rounds on social media showing the volume that some of the world’s major settlement networks process annually, in billions of dollars, and comparing those to annual stablecoin volumes. The chart shows stablecoin volumes overtaking Bitcoin, PayPal and "remittances" - and fast approaching Visa.

upcoming series on Netflix titled ‘Bodkin’ is all about this term. Even as filmmakers find a steady appetite for crime podcasting series, such as ‘Only Murders in the Building’, Netflix has produced ‘Bodkin’. This series has Will Forte in the lead role. Here are all the details regarding the upcoming series.

Netflix. The production for the show has officially commenced in Ireland. The full cast for the second season of 'Wednesday' has been revealed, as per a report on Variety.

There are many ways to make money, but making money with money is the most efficient way.