Wellness Financial News

Netflix said that they are well on their path to growth and may soon consider increasing the prices of their plans. The company was holding the price rise to check the impact of its password sharing crackdown, but after the Q4 results, the subscription rates are expected to go up. "We largely put price increases on hold as we rolled out paid sharing.

By Mike Stone

Ahead of Apple's (NASDAQ:AAPL) earnings release at the beginning of February, analysts at Morgan Stanley said they expect the release «to serve as a clearing event.»

Deutsche Bank staff in London are mourning Rafael Gil-Alberdi, the bank's co-head of EMEA corporate equity derivatives, whose funeral was yesterday.

coal gasification projects under three categories. "We went to the cabinet and we have sanctioned an outlay of ₹8,500 towards incentive for coal gasification projects," Coal Minister Pralhad Joshi told reporters . The financial assistance has been made under three categories, he said.

Western Australia is keen to have direct air connectivity with India as well as expand cooperation in the area of critical minerals, its Deputy Premier Rita Saffioti said on Wednesday. Promoting tourism to Western Australia was the priority talking point for the Deputy Premier as she concluded a delegation-led mission in Delhi. A delegation visit is also scheduled for January 25 in Chennai.

Navin Chawla has said that the idea of 'One Nation, One Election' can substantially reduce poll expenditure, but achieving that goal will require wide political consultation and constitutional changes, which are not easy. In an article for Manorama Yearbook 2024, Chawla said, «the raison d'etre» behind the move is to reduce the cost of elections as well the frequency of the imposition of the model code of conduct by the Election Commission, which some political parties accuse of impeding development work.

Gainwell Commosales, India dealer of Caterpillar heavy equipment, on Wednesday acquired TIL Ltd (formerly Tractors India) and infused Rs 120 crore into the Kolkata-based construction equipment maker that includes Rs 70 crore for subscribing a preferential issue of equity shares. Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, plans to invest Rs 1,000 crore over the next three years with an aim to become a $1-billion company by 2028, a senior company executive said. The acquisition of TIL, done through group entity Indocrest Defence Solutions Pvt Ltd (IDSPL), is a strategic move to strengthen the company’s position in the heavy equipment manufacturing industry. A new six-member board of directors, headed by Gainwell chairman and managing director Sunil Kumar Chaturvedi as chairman and MD, replaced the previous TIL board on Wednesday. “The new management of TIL has devised a comprehensive two-year plan to revitalise the company that includes introducing new generational products as well as engineering and technology to refresh all its existing offerings,” Chaturvedi said. TIL’s product portfolio comprises a wide range of mobile cranes (rough terrain, truck cranes, industrial, and pick-n-carry cranes) lattice boom crawler cranes, reach stackers, and container handlers. The company also makes custom-made and application-specific defence equipment. Gainwell will use a mix of debt and equity to raise funds for its ambitious expansion plan.

DuPont de Nemours (NYSE:DD) provided today a preliminary outlook for the first quarter, which sent shares lower by nearly 12%.

₹593.35 crore as compared to a net profit of ₹352.75 crore in the same period last year. The outperformance in net profit exceeded the expectations of domestic brokerage firm Motilal Oswal, which had anticipated a net profit of ₹547 crore. Additionally, the company's revenue from operations witnessed 26% growth, reaching ₹8,245 crore in the quarter, up from ₹6,545 crore reported in Q3FY23.

Union Cabinet on Wednesday approved a Rs 8,500 crore incentive scheme for coal gasification projects, sources said. The adoption of gasification technology in India is expected to reduce the country's reliance on imports of natural gas, methanol, ammonia and other essential products.

Chanel creative director Virginie Viard whipped extra airiness into the luxury label's spring/summer haute couture show, with thin veils and tufts of tulle that floated down a carpeted runway. The audience sat in a ring under a gigantic button — stamped with the label's logo. Moving down from the ceiling, it announced the start of the show, tilting toward the photographers podium. Leading the line-up, actor Margaret Qualley was all in white.

Investing.com — U.S. futures edge up on Wednesday, pointing to ongoing momentum in a recent rally in equities. Tesla's (NASDAQ:TSLA) plans for a next-generation vehicle will be in the spotlight when the electric carmaker reports its latest results after the bell, while Netflix's (NASDAQ:NFLX) shares pop premarket after the streaming giant posts better-than-anticipated fourth-quarter subscriber sign-ups. Elsewhere, Donald Trump notches a key win in the New Hampshire Republican primary, putting him well on the way to securing the GOP's nod for president.

French President Emmanuel Macron will kick-start his two-day visit to India in Jaipur on Thursday i.e. January 25. He will begin his state visit by touring Amber Fort, the iconic Hawa Mahal and astronomical observation site of Jantar Mantar.

Mukul Agrawal portfolio: Shares of Gensol Engineering Ltd are one of the Mukul Agrawal portfolio stocks. The engineering company has declared its Q3 results for the financial year 2023-24. Mukul Agrawal's company has declared robust total revenue and EBITDA in the recently ended December 2023 quarter.

Election-spotting is a common pastime on Mumbai suburban trains. Commuters have devised a back-of-the-envelope indicator for predicting timing of elections: when Maharashtra’s ruling government frantically tries to close multiple real estate deals in Mumbai. This barometer seems to be indicating another imminent round of elections, going by the state government’s aggressive intervention in real estate deals.

Anil Rai Gupta, CMD, Havells India, says “Lloyds is improving the margins and that is a sizable part of the overall business. But within Havells, there were massive investments of brand building which will normalise over the next quarter. So we will see improvements in the overall EBITDA margins for the company.”

Interim Budget have been robust, but in view of the current global headwinds the govt would need to continue its thrust on public capex, Ficci said in a note on January 24. There is a need for an «Indian Taxonomy» comparable and interoperable with global taxonomies, frameworks and principles, it said, adding that evaluating exposure to sustainable versus non-sustainable activities is difficult for banks and other financial institutions without a taxonomy. China plus one: Given the current global business dynamics and most advanced economies looking at China plus one strategy, India has a big manufacturing opportunity knocking at its doors. India must keep making efforts to become a global manufacturing hub by incentivising and attracting large investments from global manufacturing companies, Ficci said in its budget recommendations. PLI scheme: While the Production Linked Incentive (PLI) schemes have worked well, the government could look at extending the concessional tax regime for manufacturing operations for at least five years, Ficci recommended. Given that many global investors are lookingn to put money to work in India, extending these concessions will boost investor confidence further, it said.

government will marginally bring down the gross borrowing to Rs 15.3 lakh crore in FY25, as it pegs the fiscal deficit at 5.5% of the GDP in the interim budget, SBI researchers said Wednesday. “We believe in FY25, net market borrowing of the Centre will be around Rs 11.7 lakh crore, and with repayments of Rs 3.6 lakh crore, gross borrowings are expected to be at Rs 15.3 lakh crore. However, the Government will adjust in switches, and this could adjust gross borrowings lower than Rs 15 lakh crore,” the researchers said. They also noted that there might be adjustments to the fiscal deficit in July when the new government releases its full budget. “The final budget to be presented in July could set it at a lower level of 5.3%-5.4% depending on GDP numbers that will be released in May 2024,” it said, noting that government will continue to rely on small saving schemes for financing of fiscal deficit. The government has set a target of bringing down the fiscal deficit to 4.5% of GDP by FY26. “It can give a hard push to Sukanya Samriddhi Yojana through encouraging fresh registrations in a mission drive mode, allowing one-time registrations for all leftover cases up to 12 years,” they said. SBI researchers noted that the government will likely be able to achieve its fiscal deficit target of 5.9% in FY25.

Apple growers in India's prime apple-growing regions of Jammu & Kashmir and Himachal Pradesh are facing a significant drop in production this year due to the absence of snowfall and rainfall in the crucial January period, according to apple growers. This could lead to higher apple prices for consumers and income losses for farmers, as these two regions account for about 95% of India's apple production. “Apple production is bracing for a major impact as it requires a chilling period of around a hundred days for quality apples,” said Mian Naqsh, an apple grower from J&K with a large orchard.

Budget 2024. Private banks and top IT companies could perform well in the near future. And as far as broader markets are concerned, the calendar year returns could be in the low double-digit, asserts George Thomas, fund manager (equity) of Quantum Mutual Funds, in a telephonic interview with MintGenie.