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01.11 / 12:37
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Indian Railways set to launch Bharat Gaurav train for 15-day NE tour: Check route, package
PIB on 1 November. The train will commence from Delhi Safdarjung Railway Station and over the 15-day tour, it will cover Assam – Guwahati, Sivasagar, Jorhat and Kaziranga, Tripura – Unakoti, Agartala and Udaipur, Nagaland – Dimapur and Kohima, and Meghalaya – Shillong and Cherrapunji. The Bharat Gaurav Deluxe AC Tourist train is equipped with numerous features including restaurants, a flameless kitchen, shower cubicles, sensor-based washroom functions, a foot massager, and a mini library.
01.11 / 12:37
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Hero Motocorp Q2 results: Net profit jumps 47% to ₹1,054 crore; revenue up 4%
Hero Motocorp posted a net profit of ₹1,054 crore in the second quarter of fiscal year 2023-24, which is 47 percent higher as compared to ₹716 crore reported in the year-ago period, as per the financial results declared by the company on November 1. The automobile major clocked an operational revenue of ₹9,445 crore during Q2FY24, higher by 4.1 percent as compared to ₹9,075 crore recorded in the corresponding period of the previous fiscal.
01.11 / 12:37
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SBI raises ₹10,000 crore Tier 2 Bonds at coupon rate of 7.81%
State Bank of India on 1 November announced to have raised ₹10,000 crore at a coupon rate of 7.81 percent through its first Basel III compliant Tier 2 Bond for the current financial year – FY 2023-34. The SBI informed that the bonds are issued for a tenor of 15 years, with the first call option after 10 years. Providing more information, the bank said that its first Basel III compliant Tier 2 Bond attracted an overwhelming response from the investors with bids of ₹15,907 crore and was oversubscribed almost 4 times against the base issue size of ₹4,000 crore with 98 bids.
01.11 / 10:45
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Jindal Steel and Power share price declines 7% despite good Q2 results. This is what brokerages have to say
Jindal Steel and Power Ltd (JSPL) share price declined more than 7% during intraday trades on Wednesday post its Q2 results, which were declared after-market hours on Tuesday. The company while reported a strong net profit growth it is the slight extension in expansion timeline and the concerns on rising coal costs that has led to the analysts cutting forward estimates.
01.11 / 10:45
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Indraprastha Gas Q2 results: Net profit at ₹553 crore; revenue stands at ₹3,822 crore
Indraprastha Gas Q2 results: Gas distributor reported a net profit of ₹553 crore. Its revenue came in at ₹3,822 crore in the September quarter. (More to come)"Exciting news! Mint is now on WhatsApp Channels
01.11 / 10:45
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Mamaearth IPO: Company management, selling shareholders, peer comparison, risks, among 10 key points from RHP
₹1,701-crore worth Mamaearth IPO opened for public subscription on Tuesday, October 31, and will close on Thursday, November 2. The beauty and personal care company filed the red herring prospectus (RHP) on October 23, 2023, for the IPO which includes a combination of fresh issue of equity shares and an offer-for-sale (OFS) portion. Let us take a look at some of the key things mentioned in the Mamaearth IPO RHP.
01.11 / 10:13
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Electoral Bonds case: Here's what happened on Day 2 hearing in Supreme Court
Bar and Bench, the apex bench remarked that anonymity behind political donations under the Electoral Bonds Scheme may have been aimed at preventing repercussions from parties to which a person or entity has not made donations. ALSO READ: Electoral bonds generated donations worth over ₹9,188 crore in last 6 years; BJP emerges as biggest beneficiary 1) Arguing for the petitioners, senior advocate Vijay Hansaria said, as quoted by the legal website, that the scheme demeans transparency and breathes life into opaqueness.
01.11 / 10:13
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Stock Market Today: Nifty 50, Sensex fall for second consecutive session; US Fed policy outcome in focus
Nifty 50 today: Domestic equity benchmarks the Nifty 50 and the Sensex extended their losses into the second consecutive session on Wednesday, November 1, amid mixed global cues ahead of the US Fed policy outcome. Investors remained cautious as they fixed their focus on the US Fed outcome.
01.11 / 10:13
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Israel-Hamas war: First batch of foreign-passport holders leave Gaza through Egypt's Rafah crossing
Rafah border point. Militant group Hamas, which controls the Palestinian territory, said earlier Wednesday it expected some foreigners and dual nationals to be allowed into Egypt.
01.11 / 09:39
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WhatsApp might soon allow users to create Alternate Profile for personalised privacy; here's how to use it
privacy is a rising concern, WhatsApp, the Meta-owned messaging platform, is set to roll out a new feature called 'Alternate Profile.' Currently under development and not yet available to beta testers, this new feature aims to provide an additional layer of privacy for users, allowing them to mask their original profiles. The Alternate Profile feature enables users to configure a different photo and name that will be visible to contacts who cannot see their primary profile information. This means that individuals outside the user's contact list will have access to the alternate profile picture and name.
01.11 / 09:25
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US Fed outcome expected today: How will the decision impact Indian stock market?
US Fed policy outcome: 6 key things that will be in the Fed's mind before making a rate decision today (Exciting news! Mint is now on WhatsApp Channels. Subscribe today and stay updated with the latest financial insights! Click here!) Barring a few, experts do not expect the Fed to surprise the market by raising or cutting rates as the US economy remains strong and inflation remains above the Fed's 2 per cent target.
01.11 / 09:25
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2020
How worried should you be about AI disrupting elections?
covid-19, anti-maskers in the era of Spanish flu waged a disinformation campaign. They sent fake messages from the surgeon-general via telegram (the wires, not the smartphone app). Because people are not angels, elections have never been free from falsehoods and mistaken beliefs.
01.11 / 09:25
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Amazon Sale 2023: Want to cook electrically? Up to 61% off on induction stoves
cooking technology, offering a faster, safer, and more energy-efficient way to prepare your favourite dishes. What sets them apart is their ability to generate heat directly in the cookware through electromagnetic fields, bypassing the traditional method of heating a burner. This means quicker cooking times, precise temperature control, and a safer cooking experience.
01.11 / 09:25
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GST revenue collection jumps 13% YoY to ₹1.72 lakh crore in October
GST revenue collection for October 2023 is second highest ever, next only to April 2023, at ₹1.72 lakh crore; records increase of 13% Y-o-Y. (More to come)"Exciting news! Mint is now on WhatsApp Channels
01.11 / 09:25
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Sun Pharma Q2 results: Consolidated profit beats estimates, rises 5%
₹2,375.5 crore for the July-September quarter versus ₹2,262.22 crore in the same period last year. Meanwhile, its revenue rose over 11 percent YoY to ₹12,192 crore in the quarter under review as against ₹10,952.3 crore in the year-ago period. The firm beat Street estimates on both the profit as well as revenue front.
01.11 / 09:25
Apple
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Mercedes-Benz set to launch GLE facelift in India tomorrow: All we know so far
GLE SUV will come with various alterations to its design, interior, and powertrain. Upon its launch, it will resume its competition with other luxury SUVs like the Audi Q7, BMW X5, Volvo XC90, and more. Here's a sneak peek at what to anticipate from the Mercedes GLE facelift SUV.
01.11 / 09:25
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Maratha Quota Stir: ‘Will quit drinking water from this evening if…', Activist Jarange
Maratha community is not fulfilled by the Maharashtra government, according to a report published by the news agency PTI. "Leaders of all parties who are in Mumbai should ask the state government to call a special session of the state assembly and declare Maratha reservation. If this is not done, I will quit drinking water from Wednesday evening.
01.11 / 09:25
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Apple security alerts: 'Only affects Opposition, so how govt calls it algorithmic malfunction?' Karti P. Chidambaram
Centre and questioned how Apple's messages to opposition leaders are an ‘algorithmic malfunction’ when it affects only opposition members. Speaking to The Hindustan Times, Karti P Chidambaram said, “I’m writing to the Parliamentary Committee Chairperson Prataprao Jadhav to call all the affected parties and the company [Apple] representatives." He added, “This is a very important issue. How can they (the government) claim that it is an ‘algorithmic malfunction’ when it affects only Opposition members?" Karti P.
01.11 / 09:25
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Ambuja Cements Q2 Results: Net profit jumps over four times to ₹643.9 crore; revenue up 8% YoY
Ambuja Cements, the Adani Group cement manufacturing company, reported a four-fold jump in its standalone net profit for the quarter ended September 2023. The company’s net profit in Q2FY24 surged to ₹643.84 crore from ₹138.9 crore, in the same quarter of last fiscal.
01.11 / 09:25
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Evergrande proposes offshore creditors get 30% equity stake in subsidiaries
Legal respite: China Evergrande's court hearing deferred to Dec 4; judge gives last chance for resolution plan The property developer's dollar bonds last traded at about 2.25 cents on the dollar on Tuesday, according to LSEG data, as bondholders weigh the possible recoveries in the revised restructuring plan against other options like a winding up. A lawyer representing an ad hoc group of key bondholders told a Hong Kong court on Monday the restructuring plan could have a higher recovery rate for creditors than a liquidation scenario of less than 3%.
01.11 / 08:41
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Financial
Geojit Financial Services shares jump over 14%, hit 52-week high as Q2 profit rises 58% YoY
Geojit Financial Services jumped 14.5% to Rs 68.9 in Wednesday's trade on BSE as the company reported a 58% YoY rise in second-quarter profit at Rs 38 crore as against Rs 24 crore a year earlier. In the quarter, the consolidated revenue stood at Rs 145 crore, up 29% as against Rs 112 crore in the corresponding period of the preceding fiscal. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23. For the first half, revenue increased 22% to Rs 261 crore from Rs 214 crore and it earned a profit after tax of Rs 60 crore during the period, up 30% from Rs 46 crore a year ago. At 1.14 p.m., the scrip was trading 13% higher at Rs 68 on BSE. On a year-to-date basis, the stock has also risen over 40%, while it has declined over 15% in the past 2 years. Technically, the stock's day RSI (14) is at 63.7.
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