Show Financial News

KPMG, the auditor of British industrialist Sanjeev Gupta’s InfraBuild, has warned of “material uncertainty” for the Australian steel distribution group if it is unable to complete a $US350 million ($544 million) financing offer to replace debts that fall due late next year.

The country’s largest childcare provider, Goodstart Early Learning, has slid deeper into loss and called for a government-backed wage subsidy to resolve a major shortage in workers and the sector’s poor financial performance.

World Cup semifinals, Australia will look to banish middle-order woes and secure a final four spot against a fearless Afghanistan here on Tuesday. Only two places remain up for the taking with rampant India slated to finish atop the World Cup points table.

Divi's Labs on Monday reported a 29% fall in its consolidated net profit at Rs 348 crore for the quarter ended September 2023. The same stood at Rs 493 crore a year ago. The profit figure was below the ET Now poll estimate of Rs 424 crore. Revenue from operations rose 3% year-on-year (YoY) to Rs 1,909 crore in the July-September period.

Haryana Chief Minister Manohar Lal Khattar has stepped forward to clarify that his administration has no say in the investigation. The remarks came following the registration of an FIR against prominent YouTuber Elvish Yadav and five others for their alleged involvement in a venom smuggling racket at a Noida party. Chief Minister Khattar previously appeared alongside Elvish Yadav at a fan meet.

The air quality index (AQI) in Delhi and the National Capital Region stayed in the “very poor" and “severe" zone on Monday morning. Of the 10 cities with the worst air quality at 11 am, four were in Haryana, and five were in Uttar Pradesh. The national capital, Delhi, recorded a slight improvement in its air quality since Sunday, with the 24-hour average AQI declining to 436 at 11 am, data from the Central Pollution Control Board (CPCB) showed.

Indian Hotels Company Ltd. traded 0.99 per cent up in Monday's trade at 11:47AM (IST). Around 16,474 shares changed hands on the counter.

Godrej Consumer Products Ltd. traded 0.33 per cent up at Rs 1024.0 at 11:42AM (IST) on Monday, even as BSE benchmark Sensex gained 346.39 points to 64710.17.

Investing.com-- Gold prices fell in Asian trade on Monday, as any relief over a potential pause in the Federal Reserve’s rate hikes was largely offset by traders selling the yellow metal in favor of more risk-driven assets. 

fires was shown by the NASA Worldview portal during the weekend (November 4 and 5). Farm fires in Punjab are one of the biggest reasons behind aggravated air quality in the national capital Delhi. Paddy straw burning in Punjab and Haryana is considered one of the major reasons behind the alarming spike in air pollution levels in Delhi, Punjab, Haryana, and Uttar Pradesh in October and November every year, according to environmentalists.

Data Patterns (India), one of the country's leading defence electronics companies, spiked up nearly 6% to ₹2,031.35 apiece in early trade on Monday, led by robust performance in Q2FY24. During the September quarter, the company reported a 61% increase in net profit, reaching ₹33.79 crore, compared to a net profit of ₹21.05 crore. The total revenue for Q2 also showed growth, rising by 32% to reach ₹108 crore, up from the previous year's Q2 revenue of ₹88 crore.

TOKYO (Reuters) — Japan's services activity expanded at the slowest pace this year in October, a business survey showed on Monday, reinforcing concerns that the key sector propelling economic growth is continuing to soften.

Sanjiv Bhasin, Director, IIFL Securities, says “my bet would be PB Fintech. A disclosure, PB Fintech is a stock which we own. Paytm and Zomato are going to lead the charts. You can add a Devyani International, which we just suggested. But I would put my money on PB Fintech, at least for a 50% upside over the next one year.” Bhasin also says “I would definitely use any decline or even Friday’s closing as a buying opportunity in State Bank. Bank Nifty is grossly overdone on the pessimism side and will be the star in the next one month.” Looking at the global construct, it seems like we are headed for a happy Diwali? Well, that is what I have been saying that we are headed for a sparkling Diwali. The cricketers have actually added the sparkle and now it is the turn of the stock market. If you recollect from the last six months, I have been inviting you for a meal over to my son's restaurant and I was telling you what margin Zomato is making. So at Rs 50-60, it was a no-brainer and now we are seeing the upgrades. So cheers to Zomato earnings, cheers to the Indian stock market, the Indian cricket team and I expect a sparkling Diwali to add the icing on the cake.

Bajaj Holdings & Investment Ltd. traded 1.29 per cent up in Monday's trade at 10:30AM (IST). Around 243 shares changed hands on the counter.

Zerodha, which lost its No.1 status to rival Groww last month, on Monday reported another technical glitch. On its trading platform Kite, traders said the pages displaying their order book as well as positions was blank. «Due to an intermittent issue, some of our users are not able to see executed orders in the orderbook.

Info Edge (India) Ltd. traded 1.81 per cent up at Rs 4322.5 at 10:25AM (IST) on Monday, even as BSE benchmark Sensex gained 417.16 points to 64780.94.

Titan Company share price opened with gains of almost 2% on on the BSE on Monday after it reported a better-than-expected September performance led by margins beat. Tata owned-jewellery and watch maker, on Friday had reported a 9.7% YoY rise in its net consolidated profit to ₹916 crore in the September quarter of FY23-24 There was a 21.2% sequential rise in the Titan net profit from ₹756 crore reported in April-June quarter of FY24. Titan’s total consolidated income increased by 37.17% to ₹12,653 in September quarter of FY24, against ₹9,224 crore reported in Q2 FY2022-23.

Investing.com-- Oil prices rose in Asian trade on Monday amid easing fears of more Federal Reserve rate hikes, although anticipation of several economic readings this week, particularly from China, kept traders on edge. 

Investing.com-- The Reserve Bank of Australia is widely expected to raise interest rates when it meets on Tuesday, following signs of a resurgence in inflation and some hawkish comments from central bank officials.

Investing.com-- Most Asian currencies strengthened on Monday, while the dollar hovered near six-week lows as softer-than-expected U.S. payrolls data and less hawkish signals from the Federal Reserve drove up bets that the bank was done raising interest rates.

Investing.com-- Most Asian stocks rose sharply on Monday as weaker-than-expected U.S. payrolls data furthered expectations that the Federal Reserve was done with its rate hike cycle, while focus also turned to upcoming economic readings from China.