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ICICI Bank, the country's second largest non-state lender, on Saturday posted a better-than-expected 14.5% increase in second-quarter net profit, boosted by higher core income. The Mumbai-based bank reported a net profit of ₹11,746 crore for the quarter ended September 30, compared with ₹10,261 crore a year earlier and the average estimate of ₹10,952 crore by analysts tracked by Bloomberg.

Formula One (F1) cars racing in Mexico City, the normal rules don’t apply. When speeding down a straight that is almost 1 mile (1.6 km) long, teams would usually need to race a car with as sleek a body shape as possible to cut through the air and hit top speeds quickly. But at the Autódromo Hermanos Rodríguez, where this weekend’s Mexico City Grand Prix (GP) will be held, it’s the opposite. Autódromo Hermanos Rodríguez first held a F1 world championship race in 1963. For the drivers, the track will feel more akin to racing on a slippery street course like the one in Monaco, where regular automobiles that use the streets when F1 is not in town wear away the traction provided by the sticky tire rubber laid down by race cars.

NASA is actively tracking multiple asteroids expected to fly by Earth between October 26 and 28, 2024. Among them are asteroids 2024 TB2, 2007 UT3, and the larger 2020 WG. Experts confirm there is no threat to Earth from these celestial objects, highlighting the opportunity for scientific research.

Smartwatches under ₹1,500 are affordable and stylishAlso read: Amazon Great Indian Festival blockbuster Dusshera Sale: Over 70% off on smartwatches of all budgetsYou can get a good smartwatch in the range of ₹2,000–5,000. These smartwatches are loaded with features and come with different dial sizes and shapes. See our selection of these smartwatches and get big offers during this Amazon Diwali sale.

DLF reported decline in new sales booking during July-September quarter due to delay in receiving the requisite approvals for launches. The company reported new sales bookings of Rs 692 crore against Rs 6,404 crore, during the previous quarter. DLF’s net profit stood at Rs 1,387 crore, which includes reversal of deferred tax liabilities of Rs 606 crore, pursuant to change in tax rate on longterm capital gain on enactment of the Finance Act, 2024

US elections 2024 to begin. Meanwhile, a latest poll tracking has now awarded Kamala Harris a big lead over her Republican opponent Donald Trump.

forthcoming MacBook Air will likely retain a design akin to the current models, which debuted in 2022, but will incorporate the advanced M4 chip. The new 13-inch and 15-inch variants, codenamed J713 and J715, are expected to enhance performance and improve the handling of artificial intelligence tasks.In an unusual move, Apple reportedly plans to update its entire range of Mac computers to the same chip generation, namely the M4.

recession fears across the previous months until the US Federal Reserve initiated a massive rate cut of 50 basis points. However, top economists are of the opinion that this may not prevent a message stock market crash in the future as there are various other market factors becoming catalysts of a massive depreciation of certain high value stocks amid high valuations, investor positioning and market sentiments.

Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first time this year

Subscribe to enjoy similar stories. Meta Platforms took down accounts on Threads and Instagram that track the private jet travel of famous figures including Chief Executive Mark Zuckerberg, Elon Musk, Kim Kardashian and others. The company said the accounts, which use publicly available data to chronicle the planes’ movements, were suspended for privacy reasons, citing “the risk of physical harm to individuals." The episode echoes a decision Musk made to ban flight-tracking accounts on Twitter after he had acquired the platform, now called X.

Wall Street was on track to open with losses on Wednesday as more high-profile companies roll out their latest financial results

Groww Mutual Fund has filed a draft document with Sebi for Nifty 500 Momentum 50 ETF Fund, an open‐ended scheme tracking the Nifty 500 Momentum 50 Index – TRI. The investment objective of the scheme will be to generate long-term capital growth by investing in securities of the Nifty 500 Momentum 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index, subject to tracking errors. Also Read | 8 smallcap MFs multiplied SIP investments by over 2.25x in 5 years

fantasy action film Kanguva continues to build with the release of its new song, 'Yolo.' Starring Suriya and Disha Patani, this vibrant track is now available in Hindi, Malayalam, Tamil, and Telugu, making it accessible to a diverse audience. The song is a lively dance anthem that showcases the chemistry between the lead actors against contemporary backdrops.

Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings. “While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” strategists including Sunil Koul wrote in a note on Tuesday. Worsening earnings sentiment, an accelerating pace of earnings-per-share cuts and a weak start to the September-quarter results season indicate an impact on profits, they added.

mutual funds over the last one year. These as well as existing investors are keen to track the performance of their mutual fund portfolio. Since the net asset value (NAV) is declared every working day, it is easy to track performance over both short and long periods of time. WHAT ARE THE FACTORS TO LOOK AT WHILE EVALUATING RETURNS OF A MUTUAL FUND? Financial planners believe investors should not just look at returns in isolation, but should look at many other factors while evaluating performance. An important thing would be to compare rolling returns with the right schemes and peers, study expense ratio, look at statistical factors like standard deviation and beta. They should also be looking at fund manager tenure. HOW SHOULD ONE COMPARE SCHEME RETURNS WITH PEERS? The right way to look at your scheme returns is to compare it with the benchmark and peers. For example, a large-cap equity scheme’s performance should be compared with the Nifty 50 or Nifty 100 and not with the Nifty Smallcap 250 or other mid- or small-cap schemes. Similarly, returns from equity mutual funds should not be compared with fixed income or gold funds. A largecap active fund must be compared with another peer in the same category. If the average return from the largecap category over three years is 20% annualised and your scheme has returned 14%, it indicates your fund is not faring well. Financial planners feel a fund has performed well when it does better than its benchmark and category. If there are 10 funds in the category and the fund is amongst the bottom three, and not able to beat category average, it indicates that there are better funds out there.

stock options, including share appreciation rights (SARs), cashless plans, as well those schemes where securities are held by trusts on behalf of non-residents. This was communicated to banks on Monday by the Reserve Bank of India as part of the amended guidance on foreign investment reporting and management system, two persons told ET. Companies will have to report the details of overseas persons exercising employee stock options plans to the banks, which in turn will inform the regulator.

prenatal gender detection tests. His argument: the ban, in place since 1994, unfairly targets medical practitioners, while the real issue lies in societal attitudes against the female child. He's right about it being a societal problem.

East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.

Target is reducing prices on more than 2,000 items ranging from snacks to toys and cold medicine in an effort to attract bargain-hunting shoppers during the holiday season, the retailer said on Tuesday. The price reductions will be across national brands and Target's own private brands, including food and beverages, everyday essentials and holiday gifts, it said. The move comes ahead of the shorter-than-usual key shopping period this year, and against a backdrop of frugal consumer behaviour.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.