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Q1 results today: Amid falling Indian stock market, experts are advising intraday traders to focus on stock specific strategy instead of index or sector specific approach. Hence, Q1 results 2023 are going to become important for intraday trading as it would directly inform about the fundamentals of the listed entity for short to medium term. For intraday traders, it would be important for them to know that 54 listed companies are going to declare their Q1 results 2023 during working hours on Friday.

The volume of wine produced by Treasury Wine Estates’ portfolio of premium brands will “decline materially” over the next three years even as earnings rise more than a third amid a major restructure.

Elon Musk's leadership style. As reported by AFP, Crawford stated that Musk runs the company based on instinct rather than data, and he is surrounded by sycophants. Following the viral picture of her sleeping in a Twitter office last year, Esther Crawford highlighted that Elon Musk's mood is erratic, which creates a difficult and unpredictable work atmosphere.

AP, the charges accuse him of instructing a staff member to delete camera footage at his Florida property, with the alleged intention of obstructing the federal investigation into his possession of the records. AP further noted that the newly unsealed indictment not only adds new counts of obstruction but also includes charges of willful retention of national defence information.

They are hiring weather forecasting agencies, in-house experts and data crunchers to prepare for logistics and demand disruptions due to weather events such as unseasonal rains, extreme heatwaves and milder summers or winters. Food delivery platform Swiggy has tied up with an external weather forecasting agency to predict climatic conditions even on a hyperlocal basis to ensure deliveries are not disrupted.

Toyota, Japan’s most-valued company that has had a relatively circumspect local presence in comparison with compact-car leader Suzuki, is considering setting up an ancillary business in India, tapping into New Delhi’s emergence as a manufacturing hub as the world seeks to reduce a hitherto disproportionate China-centric supply reliance. «Toyota wants to bring their supply chain to India,» a person aware of the talks told ET. «That conversation is slowly opening up.

Volkswagen has seen after-tax earnings fall by 20% in the first half of the year from the same period last year

BENGALURU : Tech Mahindra Ltd’s managing director and chief executive officer (CEO) designate Mohit Joshi has been offered a ₹7 crore joining bonus and stands to earn as much as ₹46.8 crore in his first year, making him one of the highest-paid professional CEOs in the country. The current CEO, C.P. Gurnani, earned ₹674.5 crore in remuneration between 1 April 2013 and 30 March 2023, largely on account of stock options exercised over the past decade, according to Mint’s analysis of company filings.

NEW DELHI : Reforming India’s administrative machinery and the legal system, along with making the rupee a hard currency, widely accepted for global transactions, are top on the government’s next reform agenda, said Sanjeev Sanyal, a member of Prime Minister Narendra Modi’s Economic Advisory Council. In an interview, Sanyal said that maintaining macroeconomic stability and taking care of the bottom of the pyramid are the two key pillars of the government’s economic management strategy. Edited excerpts: Our GDP (gross domestic product) rowth will be somewhere in the 6.5-7% range.

An SEC proposal to eliminate conflicts of interest in financial advisors’ use of technology that predicts investor behavior is raising concerns about how it will work with Regulation Best Interest.

NEW DELHI : India has unfairly withheld from South Korean companies the incentives they were promised under the government’s production-linked incentive (PLI) schemes, the New Delhi chief of a top Korean trade body said. Arbitrary policy changes are a key concern for Korean companies investing in India, Lee Young-Ho, chief trade representative at the New Delhi office of the Korea International Trade Association (KITA), said in an interview. This is the first time that a Korean trade body has remarked on the challenges related to the PLI scheme.

₹693.3 crore for the three months ended 30 June from ₹510 crore in the year ago period. Revenue from operations were up 15% to ₹4,658 crore with domestic sales up by 14.6% year-on-year. Ebitda grew by 25.4% year-on-year; margins expanded by 186 bps year-on-year.

₹8.3 trillion, as of 31 March. Even though it is a relatively new asset class, the low entry barriers have resulted in the proliferation of funds of all hues. So how should you be thinking about investing in these and evaluating performance of these funds.

₹25,900 crore. According to a research by Mint based on regulatory filings of 300 companies, in April-June, LIC sold shares in at least 87 leading Indian companies worth ₹25,900 crore—the highest ever for LIC in the first quarter of a financial year.

MPs and two councillors were involved in receiving significant sums of money and political donations to promote the interests of John Woodman, a millionaire property industry figure. The Independent Broad-based Anti-corruption Commission found that two City of Casey councillors, Geoff Ablett and Sameh Aziz, accepted hundreds of thousands of dollars in undeclared payments to advance Woodman's interests within the council's processes. Additionally, the investigation found that former Labor MPs Jude Perera and Judith Graley also received financial support for their election campaigns. Subsequently, they sought to influence the planning minister and other government decision-makers to support a rezoning proposal that would have resulted in substantial gains for Woodman and certain landowners. According to the Operation Sandon report, Premier Daniel Andrews provided evidence to the investigation. However, IBAC did not find any adverse findings against him.

ITC Ltd while the conglomerate will be able to continue to enjoy the synergies for its other businesses such as fast moving consumer goods (FMCG) with hotels as it used to, chairman and managing director Sanjiv Puri said. ITC on Monday announced the demerger of the hotels business into a new entity which will be subsequently listed. As per the scheme of arrangement approved by ITC board, ITC Ltd will hold 40% stake in the new entity and the balance 60% will be held directly by the company’s shareholders proportionate to their shareholding in ITC Ltd. In an analyst meet held virtually on Thursday regarding this demerger, Puri said ITC Ltd’s financial ratios will improve substantially due to this demerger. “It will reinforce our position on sharper capital allocation, unlock value for existing shareholders and the way it has been structured, institutional synergies will remain,” he said. Elaborating, ITC’s chief financial officer and executive director Supratim Dutta told analysts that ITC’s segment capital employed on hotels business which is now about 20% will go off and so will segment EBIT (earnings before interest and taxes) of about 3-4% to ITC’s total EBIT. “There will be 18-20% improvement in return on capital employed (ROCE) and over 10% for return on invested capital (ROIC) for ITC,” he said. ROCE and ROIC are both key profitability ratios which helps to understand how well a company's capital is being employed to run the business.

electric vehicle (EV) strategies are. While the USA has extended its EV support policies through the landmark Inflation Reduction Act (IRA), India, on the other hand, recently cut subsidies for electric two-wheeler EVs (E2W) under the flagship demand incentive scheme, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II). This decision could prematurely halt the growth of the EV sector in India.

New Delhi: The role of chemical and petrochemicals industry is imperative in government’s commitment to low carbon strategies, said union forest, environment and climate change minister Bhupender Yadav. The government’s long-term low emission development strategy to reach out net zero is multifaceted and includes timebound policies and programme for promotion of clean and renewable energy; enhancement of energy efficiency; development of less carbon-intensive and resilient urban centres, promotion of waste to wealth initiative; adoption of safe, smart and sustainable green transportation network; abetment of pollution and increasing the carbon sink by intensifying efforts of forest and tree cover increase.

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