Updates Financial News

DMart share price drops nearly 4% after Q3FY24 business update; what should you do? As regards Indian equities, in the medium-term, as per Bhattacharya said two positives which give strong and convincing basis for an optimistic view. The first positive is that India Inc’s balance sheet is in de-leveraged mode. It is operating at high-capacity utilisation.

Benchmark NSE Nifty closed 47.3 points down at 21731.4 amid selling in frontline bluechip counters. However, stocks such as Raj Rayon, IKIO Lighting, Azad Engineering, GIR Natureview and BDR Buildcon, touched their fresh 52-week lows.

Blockchain firm CertiK recently issued a high-priority warning to users of the OKX Wallet, particularly those using the iOS application. The alert, communicated via social media and other channels in December 2023, stressed the urgency for users to update their applications due to a critical security flaw discovered by the firm.

BSE Midcap index closed 0.20 per cent higher at 37,081.58 while the BSE Smallcap index ended with a gain of 0.30 per cent at 43,103.61. (Exciting news! Mint is now on WhatsApp Channels.

Also Read: Q3 result preview: IT firms expected to post muted revenue, subdued profit amid weak demand “We remain positive on the sector considering buoyancy in the real estate market; government’s focus on housing, sanitation and infrastructure; improvement in agriculture segment with normalization in raw material prices; pick-up in exports and increase in branded or large players market share. In Q3FY24, the plastic pipe sector is expected to report EBITDA margin expansion of 230 bps YoY to 14.7% with sequential stability in raw material prices.

Avenue Supermarts, which operates the retail chain of DMart, is one such stock that has been on a downward spiral over the last two calendar years. The stock dropped nearly 4% to ₹3,940 per share in today's trading session following the company's release of Q3FY24 business update, which came in below analysts' estimates. Also Read: Weak rural demand to dent FMCG sector volumes in Q3FY24, says Nuvama The company on Tuesday reported a 17.18% improvement in its standalone revenue from operations to ₹13,247 crore, driven by 5% growth in revenue per store to ₹1,565 million and 11% store addition.

It is important to meet deadlines especially when it comes to income tax as it can help avoid paying penalties, penal interest, and file income tax return (ITR).

Cost of Living LIVE Updates January 03: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

here.ONGC Videsh Ltd (OVL) is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million, two people aware of the development said. This follows the US easing sanctions on Venezuela, where India’s overseas explorer has partnered state-owned Petróleos de Venezuela SA (PdVSA) for the San Cristobal project.Any oil flowing in from Venezuela holds significance for India, the world’s third largest oil buyer that once counted the Latin American country among its largest oil suppliers.A spokesperson for OVL confirmed in response to a query that the San Cristobal project owes dividends of around $600 million to the company.

central Japan on New Year's Day has reached 62, a local government official said, adding that more than 300 injuries have also been reported, of which 20 are severe, AFP reported. Thousands of homes were destroyed, and water, power, and cell phone service were still down in some areas due to aftershocks. Residents expressed sorrow about their uncertain futures.

Catch all the LIVE updates on Adani Hindenburg Case Verdict hereThe Hindenburg Research said that the seven listed companies of the Adani group, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.The report pointed out the debt on the company. "Key listed Adani companies have also taken on substantial debt, including pledging shares of their inflated stock for loans, putting the entire group on precarious financial footing.

Tiruchirappalliand dedicated multiple development projects worth more than ₹20,000 crore, including Tiruchirappalli International Airport new terminal, related to the aviation, rail, road, oil, and gas, shipping, and higher education sectors. Governor RN Ravi and CM MK Stalin were also present at the event. He was felicitated by Civil Aviation Minister Jyotiraditya Scindia and CM MK Stalin during the public program in Tiruchirappalli, Tamil Nadu.

₹2,300 per tonne, effective Tuesday.For the past two weeks, the levy -- Special Additional Excise Duty (SAED) -- on domestic crude oil was at ₹1,300 per tonne.The ministry, through a notification, has brought down the additional excise duty on the export of diesel and aviation turbine fuel to zero.The increase in the windfall tax on the sale of locally produced crude oil comes at a time when the price of crude oil has largely been steady. On Friday, 29 December, the March contract of Brent on the Intercontinental Exchange closed at $77.49 per barrel, against $76.55 on 15 December.

The Times of Israel reported. This decision raises the possibility of escalating tensions in the nation while PM Benjamin Netanyahu fights Hamas in Gaza. With eight votes against seven, the court decided that the government's modification to the so-called reasonableness law should be rejected.

Covid cases in India Live Updates: COVID-19 cases have been steadily rising in India since the last month when the number of cases spiked especially in Kerala. With the emergence of Omicron sub-variant JN.1, both state and state governments have taken measures to curb its spread. Given this situation, the All India Institute of Medical Sciences (AIIMS) of Delhi issued guidelines for COVID-19 suspected or positive cases that will be reported at hospitals.World Health Organisation (WHO) declared this new strain as a Variant of Interest (VOI) that is under intense scientific scrutiny.

Japan earthquake tsunami LIVE news updates: In a major tragedy on the day of New Year, Japan was hit by 21 above 4.0 magnitude on Monday. The earthquakes, which were as intense as 7.6 magnitude triggered infrastructure collapse in the country with people running to save their lives.

Public broadcaster NHK reported that a one-meter-high tsunami wave struck parts of Japan’s west coast along the Sea of Japan, with expectations of a larger wave following a 7.6 magnitude earthquake in north-central Japan earlier today. The Japan Meteorological Agency issued a tsunami warning for Ishikawa, Niigata, and Toyama prefectures’ western coastal regions.

Read all the latest updates of ISRO's satellite launch here:ISRO has successfully launched the XPoSat satellite on Monday.PSLV-C58 vehicle placed the satellite precisely into the intended orbit of 650 km with 6-degree inclination.Astrophysicist Dr RC Kapoor said that the purpose of XPosSat is the detection of X-rays coming from exotic objects like neutron stars and black holes.ISRO has launched X-Ray Polarimeter Satellite (XPoSat) from Sriharikota in Andhra Pradesh on Monday 1 January 2023.1. It is India's first dedicated polarimetry mission that will study dynamics of bright astronomical X-ray sources in extreme conditions.2.

Read here)Indian government bond yields are expected to start 2024 with an uptick as a higher-than-expected borrowing schedule from states could weigh on sentiment.The 10-year benchmark bond yield is expected to move in the 7.15%-7.21% range on Monday after closing at 7.1754% in the last session of 2023, a trader with a private bank said.The benchmark yield ended lower for the second consecutive month in December and closed the year with a drop of 15 basis points (bps).NIFTY-50 has closed in a doji candle near all time high and we expect some minor pullback to test 21300-21,400 levels over the next few days.On the higher side 22,000 will be a resistance being the round number and the weekly pivot resistance from current levels.RSI is trending below the average line and pullback below to the lower range could be expected and other key technical indicators are overbought from current levels.Highest call OI has moved to 22,000 strike while on the downside the highest put OI has moved higher to 21,700 for the weekly expiry.A number of large and mid-sized banks raised term deposit rates in December, luring customers to park surplus money with them as the system liquidity deficit widened following tax outflows and tepid government spending.Some banks raised rates for deposits up to ₹2 crore; others raised rates for bigger deposits. Top lenders State Bank of India (SBI ) and Bank of Baroda (BoB) increased rates on fixed deposits by 25-50 basis points (bps) and 10-125 bps, respectively, for different tenors on 27 and 29 December.

Israel, causing alarm as the new year began. Sirens had been heard across various cities including Ashdod, and Sderot, as well as in Rehovot, Ness Ziona, Holon, Lod, and Modiin. There have been no injuries reported.

Check all the latest updates on the celebrations of Happy New Year 2024 here!2024 is almost here! With new resolutions and goals, people across the world are set to ring in a prosperous New Year on January 1. The New Year festivities definitely calls for a grand celebration, catching up with your loved ones and levelling up your aspirations.