WhatsApp Financial News
30.10 / 06:13
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Financial
Mahindra & Mahindra Financial Services shares slump 14.40% on weak Q2FY24 performance
Mahindra & Mahindra Financial Services, (MMFS), part of the Mahindra Group, slumped 14.40% to reach 237.35 apiece in early trade on Monday, a level not seen since April 2023, as the investors reacted negatively to the company's Q2FY24 performance, which was released post-market hours on Friday. At 10:45 AM, the stock was trading with a drop of 9.45% at ₹251.30.
30.10 / 06:13
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Cello World IPO open for subscription: GMP, issue details, price band, risks, 10 key things to know before investing
₹567 crore from anchor investors on Friday, October 27. Cello World primarily deals in three categories such as stationery and writing instruments, moulded furniture, consumer housewares, and associated goods.
30.10 / 06:13
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'Adopt wait and watch strategy, deploy funds slowly on market dips, says Seemant Shukla of JM Financial Mutual Fund
₹17.8 lakh crore over the course of six sessions as the total market capitalisation of the companies listed on the BSE dropped from ₹323.8 lakh crore on Tuesday, October 17, to approximately ₹306 lakh crore. The market is being held back by a number of headwinds.
30.10 / 05:57
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IDFC First Bank shares fall 5% post Q2 earnings. Motilal Oswal downgrades stock
IDFC First Bank fell over 5% to the day's low of Rs 81.45 on the NSE in the opening trade on Monday amid selling pressure in banks and financial stocks. Though the stock managed to recover from its intraday lows around 10:30 pm, it was still down by 3%. Brokerage Motilal Oswal downgraded the stock to neutral with a revised target price of Rs 95 following its September quarter earnings on Saturday.
30.10 / 05:21
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8 money lessons to learn from Warren Buffett’s letters to shareholders
Before taking a big financial bet, one should first learn the basics. From time to time, some investing wizards open their hearts out and share key investing wisdom with the investors at large.
30.10 / 04:31
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Bank, FMCG stocks drag Sensex 200 points lower; Nifty below 19,000
The BSE Sensex was trading 168 points or 0.26% lower at 63,614. Nifty50 was trading at 19,003, down 43 points or 0.23% at around 9.18 a.m.
30.10 / 04:31
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Cello World IPO opens today. Should you subscribe to the issue?
Most analysts advised investors to subscribe to the IPO over the company's strong brand identity and diverse product portfolio across different categories. Cello World has developed a strong brand identity through effective brand advertisements and marketing campaigns, including «Cello – Companion for Life», «Cello – Rishta Zindagi Bhar Ka, among others. »We believe the company would be a prominent player in its respective business verticals with a large addressable market growth of an average 16%. The strong financials and debt-free nature of the company offer a growth play in the long term.
30.10 / 01:19
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Elon Musk announces new rule for 'creators', says users spreading lies won't get paid for tweets
Elon Musk has brought a new change to creator monetization. In a post on the X platform, he said that if a user's tweet is corrected by Community Notes, the crowdsourced program of fact-checkers, then that person will not be paid for engagement on those tweets.
30.10 / 01:19
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Afghanistan vs Sri Lanka, ICC World Cup 2023 match today: When, where and how to watch; live-streaming details
World Cup 2023 match at Maharashtra Cricket Association Stadium, Pune. Afghanistan vs Sri Lanka Pune ODI is a day-night match and will start at 2 PM. It would be the sixth match of both teams in the ICC ODI World Cup 2023.
30.10 / 01:19
30.10 / 01:19
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Israel-Gaza War: Antony Blinken, James Cleverly discuss humanitarian access to Gaza
Also Read: Gaza receives largest aid shipment since Israel-Hamas war began The Israel Defense Forces (IDF) reported that their ground forces are continuing operations in the northern part of the Gaza Strip. During these operations, they have targeted Hamas militants and destroyed facilities belonging to the group. The IDF has stated that their troops have killed Hamas gunmen who engaged in a firefight with ground forces in Gaza.
29.10 / 22:29
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Gaza receives largest aid shipment since Israel-Hamas war began
Associated Press citing a spokesperson at the Rafah crossing, 33 trucks of aid entered the only border crossing from Egypt. Citing humanitarian workers, the report also said that the assistance still fell desperately short of needs after thousands of people broke into warehouses to take flour and basic hygiene products. The aid warehouse break-ins were “a worrying sign that civil order is starting to break down after three weeks of war and a tight siege on Gaza," said Thomas White, Gaza director for the UN agency for Palestinian refugees, known as UNRWA.
29.10 / 19:45
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BNP Paribas can thank people doing its most paradisaical jobs
BNP Paribas released itsthird quarter results today. Pre-tax profits in its corporate and investment bank were up 13% year-on-year for the quarter; the cost income ratio in the unit was 60.8%. Deutsche Bank and Barclays, eat your hearts out.
29.10 / 19:45
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Students waiting for bank's video interviews told places already filled
If you're delaying applying for banks'graduate programs and internships until the mood takes you, then be warned. One student who applied to UBS and who was waiting for a Hirevue interview this week has been informed that the role no longer exists.
29.10 / 19:45
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Accounting firm apologises for paying trainee below minimum wage
If you can't get agraduate job in an investment bank, it may be tempting to apply for a graduate job at anaccounting firm instead. One recent graduate's experience highlights why this may not be optimal.
29.10 / 19:45
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Evercore bumps up pay, promises to keep hiring
Once upon a time, boutique bank Evercore paid really, really well. And then one thing led to another, Russia invaded Ukraine, and now boutique bank Evercore only pays really well. But things might have just changed.
29.10 / 19:45
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Lingering Credit Suisse staff told to clear desks at Canary Wharf
It's over. Nearly. The last lingering staff at Credit Suisse have this morning been informed that the time has come: they're being told they will leave the Credit Suisse office at Canary Wharf and migrate to UBS's offices by June 2024.
29.10 / 19:45
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The Ted Pick guide to making CEO of Morgan Stanley
Ted Pick, the head of Morgan Stanley's investment bank, is going to become Morgan Stanley's new CEO. He found out yesterday at 5pm EST when he was walked into a room and was given a standing ovation. If you want to be like Ted, there are a few techniques you might to integrate into your self-management toolkit.
29.10 / 19:45
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From Goldman Sachs to private equity to hedge funds to start-ups
Alexis Augier has done it all. Sincegraduating from Spanish business school in Esade in 2016, he's been an analyst at Goldman Sachs' investment bank, a private equity associate at KKR, an 'investment professional' at hedge fund Elliott Asset Management, and founded a successful start-up.
29.10 / 19:45
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Standard Chartered's Hong Kong & Singapore bankers are doing all the work
Standard Chartered’s Q3 results – which came out yesterday — revealed the numbers behind something many have seen going on for a while: two cities are subsiding the entire rest of the bank.
29.10 / 19:45
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"James Gorman was backed into a Ted Pick corner once Jon Pruzan left"
So, James Gorman has chosenTed Pick to be the new CEO of Morgan Stanley. I am not surprised. The moment James Gorman eliminated former CFO Jon Pruzan, Pick was the only realistic choice remaining.
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