WhatsApp Financial News
29.09 / 03:53
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Rupee opens 6 paise higher at 83.12 against the US dollar as treasury yields retreat
Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Meanwhile, India fell short of inclusion in FTSE Russell's emerging market government bond index. However, the global index provider kept India on a watch list.
29.09 / 03:23
COST
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Nike reports Q1 profit of $1.45 billion, beats estimates
Also Read: US agency files lawsuit against Tesla over alleged harassment of Black factory workers The sportswear maker also forecast a 100 basis point increase in second-quarter gross margins, following six consecutive quarters of declines, on the back of fewer planned markdowns and lower freight costs. The company maintained its annual forecasts and said it expected second-quarter revenue to be up slightly. Analysts had expected a 2.1% rise to $13.59 billion, according to LSEG data.
29.09 / 03:23
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ICC World Cup warm-up matches: Complete schedule; how to watch, live-streaming details
Bangladesh go up against Sri Lanka at the Barsapara Cricket Stadium in Guwahati. South Africa take on Afghanistan at the Greenfield International Stadium in Thiruvananthapuram. New Zealand square off against Pakistan at the Rajiv Gandhi International Stadium in Hyderabad.
29.09 / 02:27
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Evergrande's billionaire chairman Hui Ka Yan is accused of crimes; stocks remain suspended: What we know so far
real estate magnate, whose heavily indebted conglomerate has caused significant financial losses for investors, homeowners and suppliers. Authorities notified Evergrande that Hui had been subject to “mandatory measures" due to “suspicion of illegal crimes". On September 28, the company made an official announcement to the Hong Kong Stock Exchange.
29.09 / 02:27
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Day trading guide for today: Six stocks to buy or sell on Friday — September 29
Day trading guide for today: After showing a sustainable upside bounce from the lows on Wednesday, Indian stock market witnessed sharp downward reversal on Thursday and closed in red territory. Nifty 50 index finished 192 points lower at 19,523 levels, BSE Sensex corrected 610 points and ended at 65,508 mark whereas Bank Nifty lost 287 points and closed at 44,300 levels.
29.09 / 02:17
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Nifty 50, Sensex today: What to expect from stock market indices in trade on September 29
Also Read: 10 things that changed for the stock market overnight - Gift Nifty, US GDP to Accenture’s muted earnings forecast Here’s what to expect from Nifty and Bank Nifty today: The Nifty corrected sharply and was unable to maintain levels above 19,750. “On the daily timeframe, the most recent candle has engulfed the bodies of the preceding few days' candles, which suggests a negative sentiment. The prevailing sentiment continues to favor selling during rallies," said Rupak De, Senior Technical analyst at LKP Securities.
29.09 / 02:03
MET
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India-Canada row: EAM Jaishankar meets Antony Blinken for bilateral talks; no mention of Nijjar's killing. 10 points
Jaishankar and Blinken affirmed hope for positive outcomes from the bilateral talks. 2.
29.09 / 01:21
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CPI MP Binoy Viswam writes to PM Modi, seek clearance of employees' salaries who built ISRO equipment
Times of India. In the letter, Viswam wrote, as quoted by TOI, "I am writing this to express my concern about the plight of over 3,000 employees of Heavy Engineering Corporation (HEC) who have not received their salaries for the past 20 months. HEC is one of India's oldest and ablest Public Sector Units which has played a crucial role in India's space program with years of critical service to the nation, including manufacturing of the launch pad for the much celebrated Chandrayaan-III." ALSO READ: India-China Space Race: Top Chinese Scientist disputes Chandrayaan-3's claim to south pole Moon landing Apart from this, Viswam also mentioned the struggles the employees of HEC are facing.
29.09 / 00:22
Enterprise
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APL promoters raise stake
MUMBAI : Adani Power Ltd’s (APL) promoter group entities—Fortitude Trade and Investment Ltd and Emerging Market Investment DMCC—hiked stake in power generation firm by 2.21%. The Adani promoters purchased shares in the company from open market between 5 September and 25 September, according to regulatory filings. The value of the stake purchased is around ₹3,170 crore, according to volume weighted average price of Adani Power during said period.
28.09 / 22:01
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FTSE Russell keeps India on a watch list for inclusion in emerging markets government bond index
New Delhi: Global index provider FTSE Russell kept India on a watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), the index provider said on Friday. "Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review," FTSE said in its annual country classification review.
28.09 / 19:15
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England: 16-year-old boy arrested over ‘deliberate’ felling of famous Sycamore Gap tree
AFP, the sycamore, which won the Woodland Trust's Tree of the Year in 2016, was reduced to a short stump, with the rest of the tree dumped on the wall. The Northumberland National Park authority asked the public not to visit the felled tree.
28.09 / 19:15
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OIL explores options to bring back millions stuck in Russia
NEW DELHI : Oil India Ltd (OIL) has appointed legal and tax consultants to explore ways to repatriate its $150 million in dividend stuck in Russia, the state-run firm’s chairman and managing director Ranjit Rath said. In an interview, Rath said the money is currently parked in SBI’s Moscow branch. OIL is part of two Indian consortiums that have stakes in several Russian oilfields in Siberia.
28.09 / 19:15
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Mubadala, Brunei may pick stake in Manipal Health
₹16,400 crore in one of the largest hospital deals in India. At the time, investor TPG sold half of its stake while India’s National Investment and Infrastructure Fund sold its entire 8% stake, valuing Manipal at around ₹40,000 crore ($4.88 billion).
28.09 / 17:51
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Oil eases 1% on profit taking, interest rate worries after Brent sizzles to $97/bbl; OMCs in focus
₹7,678 per bbl, having swung between ₹7,672 and ₹7,884 per bbl during the session so far, against a previous close of ₹7,792 per barrel. THIS COPY IS BEING UPDATED "Exciting news! Mint is now on WhatsApp Channels
28.09 / 17:51
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Factors one should consider when buying critical illness insurance cover
₹5 lakh can go for a insurance cover of around ₹20 lakh. It can help one sustain financially for a few years in case of loss of job due to critical illness. While buying a higher cover sounds better, it can get really expensive.
28.09 / 17:41
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How should young freelancers decide on their financial goals?
I am 20-year-old and proud to be a financially independent freelancer. What questions do I need to ask myself before getting started with my investment journey and how can I be consistent with it?
28.09 / 17:07
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Karnataka bandh: Holiday for schools, colleges in Bengaluru and Mandya on Sept 29
release of Cauvery river water to neighbouring Tamil Nadu. The statewide shutdown call has been issued by ‘Kannada Okkuta’, an umbrella organisation for Kannada outfits including factions of Karnataka Rakshana Vedike, Kannada Chalavali (Vatal Paksha) and various farmers’ bodies. The bandh would enforced from dawn to dusk, the organisers said.
28.09 / 17:07
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India's external debt rises to $629.1 billion at end-June 2023
Click here! At end-June 2023, long-term debt (with original maturity of above one year) was placed at USD 505.5 billion, recording an increase of USD 9.6 billion over its level at end-March 2023, the report said. The share of short-term debt (with original maturity of up to one year) in total external debt declined to 19.6% at end-June 2023 from 20.6% at end-March 2023.
28.09 / 17:07
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Cauvery row: Section 144 imposed in Karnataka's Mandya ahead of Friday bandh called by pro-Kannada organisations
ANI, “In view of the bandh called by pro-Kannada organizations, farmer unions, and several other organizations tomorrow regarding Cauvery water issue, Section 144 has been imposed in Mandya district and schools and colleges will remain closed tomorrow." Earlier on Monday, after the successful Bengaluru shutdown -- called by 'Karnataka Jala Samrakshana Samiti', an umbrella outfit of farmers’ associations and other organizations led by farmer leader Kuruburu Shanthakumar, 'Kannada Okkuta' -- led by Kannada activist Vatal Nagaraj -- made an announcement for the Karnataka bandh on 29 September. ALSO READ: Bengaluru bandh news: After today, statewide bandh called on THIS date against Cauvery water release As per details, though both the bodies are fighting for the same issue, however, Vatal Nagaraj, who had called for a state bandh on Friday, made it clear that Kannada Okkuta was not supporting Monday's bandh.
28.09 / 17:07
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Plaza Wires IPO: Firm mobilises ₹20 crore from anchor investors ahead of issue
Plaza Wires IPO: Plaza Wires has raised ₹20 crore from anchor investors a day ahead of its IPO subscription opening for bidding. Plaza Wires initial public offering (IPO) will open for subscription on Friday, September 29 and close on Wednesday, October 4. Two anchor investors - Chanakya Opportunities Fund I and Astrone Capital UCC-Arven, participated in the anchor book.
28.09 / 17:07
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information
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Cholamandalam Investment launches QIP, floor price set at ₹1,200.51 per share
₹1,200.51 per equity share. The board of directors of the company, in a meeting held today, "approved the floor price for the issue" and “authorised the opening of the issue today, i.e. September 28, 2023", the Murugappa Group-backed NBFC informed the stock exchanges.
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