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01.11 / 07:31
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Jhunjhunwala stock from insurance space falls over 5% post Q2 results
Star Health and Allied Insurance Company fell over 5% to Rs 550 in Wednesday's trade on BSE after the firm reported lower-than-estimated earnings for the September quarter. The company reported a 34% increase in net profit to Rs 125 crore in Q2 FY24. Its total income in the second quarter of the ongoing fiscal rose to Rs 3,357 crore against Rs 2,918 crore in the year-ago period.
01.11 / 07:09
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Bajaj Auto sales jumped 19% to 471,188 units in Oct 2023
Bajaj Auto on November 1 said its total sales increased by 19 percent year-on-year (YoY) to 471,188 units in October this year. The company had dispatched a total of 395,238 units in October 2022. Year-to-date (YTD) domestic unit sales have risen 25 percent to 1,608,730 units sold in the April-October 2023 period, against 1,290,128 units sold in the April-October 2022 period.
01.11 / 07:09
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Gurugram to establish ‘Leopard Park’ on 15km Aravali stretch: Report
leopard park will be established in Behrampur village as part of a conservation plan for a 15-kilometer stretch of the Aravalis from Bandhwari landfill to Damdama Lake in the city, according to a report published by The Times of India. The Jhalana Leopard Safari Park in Jaipur will serve as the model for the development of the leopard park, which is anticipated to be a long-term solution to the problem of big cats straying into the city. Authorities were informed to assign an organization to conduct a study of the Aravalis, with the goal of completing the study by March next year.
01.11 / 07:09
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Magic of compounding: Investing ₹1 lakh in these three mutual funds would have become ₹5 lakh in 10 years
historical returns of the scheme. Although wealth managers — time and again — assert that the past returns are no guarantee for the scheme's future returns, these are still given disproportionately greater importance by retail investors. Here, we zero in on three mutual funds which have given such high returns that the money would have swelled five times in the past decade or so.
01.11 / 07:09
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Hero MotoCorp Q2 Results Preview: Net profit likely to jump 35% to ₹967 crore; revenue seen up 2% YoY
Hero MotoCorp, the world’s largest two-wheeler manufacturer, will report its financial results for the quarter ended September 2023 today. The company is expected to see double digit growth in net profit, while revenue is seen rising moderately. Despite strong urban demand and adequate finance availability, volume performance of two-wheeler companies in Q2FY24 has been restricted due to the timing of the festive season.
01.11 / 07:09
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Apple's Alert System: How it detects state-sponsored threats on smartphones
iMessages are sent to the user's Apple ID-associated address and phone number. Additionally, upon signing into applied.apple.com, the company presents a red "Threat Notification" banner at the top of the page. This banner includes the date of the notification sent via email and iMessage, serving as a means to verify the authenticity of the received message for the user.
01.11 / 07:09
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India's manufacturing growth slowed to 55.5 in Oct, down for 2nd straight month & at 8-month low: S&P Survey
Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, declined to an eight-month low of 55.5 in October, down from 57.5 in September, Reuters reported. This unexpected drop contradicted expectations of a rise to 57.7, as per an earlier Reuters poll. However, despite the slowdown, this marked the 28th consecutive month that the PMI remained above the 50-mark, which separates expansion from contraction.
01.11 / 07:09
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India-Israel relations: The evolution from Morarji Desai's Janata Dal to Narendra Modi's Bhartiya Janata Party
Israel-Hamas War: On 7 October, when Hamas fighters from Gaza attacked Israel, in a surprise multi-pronged attack, killing at least 1,400 people, Indian's Prime Minister and Bhartiya Janata Party (BJP) leader Narendra Modi was one of the first to have tweeted solidarity and condolences to Israel. Narendra Modi condemned the “terrorist attacks" and said India “stands in solidarity with Israel at this difficult hour".
01.11 / 06:06
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Rupee falls 2 paise to 83.27 against US dollar in early trade
rupee settled at 83.25 against the American currency. Persistent foreign fund outflows also weighed on the local unit, forex traders said. “In October, the USD/INR pair exhibited an unusual trend, with the lowest monthly intraday trading range observed recently.
01.11 / 06:06
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iPhone 12 gets a huge price cut on Flipkart: Should you consider buying it?
Apple iPhone 12 with 128 GB storage is presently on sale at Flipkart with a substantial discount. You can now acquire this high-end smartphone for only Rs. 46,999, a remarkable reduction from the original price of Rs.
01.11 / 06:06
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Sun Pharma Q2 Results Preview: revenues to be supported by the healthy US and domestic sales
Sun Pharmaceutical Industries is expected to report a strong rise in sales for the quarter ending September helped by healthy contributions from the US as well as the domestic formulations markets. Analysts at PhillipCapital India Research expect Sun Pharma to report 10% sales (revenue) growth on account of continued contributions from multiple myeloma treatment drug Revlimid generics in the US, sustained growth in the US specialty business as well as growth in the domestic formulations business. This is despite muted performance by Taro (Sun Pharma’s US Subsidiary) and impact of import alerts, said analysts at Phillip Capital.
01.11 / 06:06
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M&M auto sales in October up 32% to 80,679 units; tractor sales drop 3% YoY
Mahindra & Mahindra Ltd (M&M), the automobile major, on Wednesday reported total auto sales for the month of October 2023 at 80,679 vehicles, a growth of 32% from 61,114 units in the same month last year. M&M’s domestic passenger vehicle (PV) sales in October 2023 rose 35% to 43,708 units from 32,298 units in October 2022.
01.11 / 06:06
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Garena Free Fire Max redeem codes for Nov 01, 2023: Grab free exciting rewards
Garena Free Fire Max is a revamped version of Garena Free Fire. It debuted in 2021 and became popular after the ban of the former by the Indian government. Developers of the game keep updating these codes daily.
01.11 / 06:06
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ICC World Cup 2023: BCCI bans firecrackers in Delhi, Mumbai during matches due to worsening air pollution
World Cup matches in the two megacities. “BCCI is sensitive to environmental concerns. I took up the matter formally with the ICC and there won’t be any fireworks display in Mumbai, which can add to the pollution level," said BCCI secretary Jay Shah in a statement on Wednesday.
01.11 / 06:06
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‘Language means identity,’ Siddaramaih extends wishes on Karnataka Rajyotsava day
Siddaramaiah extended his greetings to the people of the state on its formation day, which commemorates the 50th year since the state was officially renamed Karnataka in 1973. The state of Karnataka came into being on November 1, 1956, following the merger of Kannada-speaking regions. As a result, November 1 is celebrated as Karnataka Rajyotsava Day.
01.11 / 06:06
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Gold price today: Rates decline ahead of US Fed policy outcome; what should be your strategy for bullion today?
Gold demand 8% ahead of 5-year average in July-Sept, falls short of year-ago mark on high prices The US Fed meeting outcome is the key event which can affect gold prices. If the Fed signals it does not want to raise rates from here, gold prices can see fresh interest. Gold prices react to interest rates in a complex way.
01.11 / 06:06
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World Vegan Day 2023: History, significance, and health benefits of vegan diet
Take a look at history, significance, theme, and a few benefits of vegan diet, Date: World Vegan Day is celebrated annually on November 1. Theme: This year, the theme of ‘World Vegan Day’ is ''Celebrating for a Good Cause'. History: World Vegan Day began on November 1, 1994, when 'The Vegan Society' was founded to encourage veganism and a plant-based diet by a vegan animal rights activist Louise Wallis when she was searching for a fitting venue to commemorate the 50th anniversary of the Vegan Society, according to vegan-day.org.
01.11 / 06:06
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RBI's floating rate savings bonds: Why should investors invest in them?
RBI has now allowed retail investors to apply for floating rate savings bonds via its Retail Direct Portal, there is a recent addition to the number of fixed income instruments one can opt for. For the uninitiated, subscription to these bonds is done in the form of cash (up to ₹20,000 only). The bonds may be held by a person resident in India in their individual capacity or joint basis or on any or survivor basis or on behalf of a minor as father/ mother or legal guardian.
01.11 / 05:05
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Tata Steel Q2 Results Preview: Net profit may fall sharply dragged by European operations; revenue seen down 6% YoY
Tata Steel Q2 Results Preview: Tata Steel will announce its financial results for the second quarter of FY24 today, November 1. The Tata group company is expected to report a sharp fall in profitability during the July-September quarter of FY24. The overall steel sector is expected to report mixed performance in Q2FY24 due to reduced seasonal demand and lower average selling price (ASP), resulting from decreased ferrous prices.
01.11 / 05:05
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GAIL share price climbs almost 2%; should you buy the stock after Q2 results?
BSE on Wednesday (November 1), a day after the company reported its Q2FY24 earnings. GAIL share price opened at ₹120.65 against the previous close of ₹119.55 and rose about 1.6 per cent to the level of ₹121.50. The stock, however, cooled off quickly and traded 0.71 per cent higher at ₹120.40 around 9:20 am in a weak market.
01.11 / 05:05
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Blue Jet Healthcare share price debuts at 9.8% premium at ₹380 on NSE
₹380 per share, 9.8% higher than the issue price of ₹346, and on the BSE, Blue Jet share price was listed at ₹359.90. Blue Jet Healthcare IPO opened on Wednesday, October 25, for subscription and closed on Friday, October 27.
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