AM/NS India Q2 Results: EBITDA slumps 70% YOY on lower steel prices
AM/NS India Q2 operating profit dropped nearly 70% due to lower steel prices, despite stable shipments. The company anticipates higher demand growth in India and Brazil in H2 2024.
AM/NS India Q2 operating profit dropped nearly 70% due to lower steel prices, despite stable shipments. The company anticipates higher demand growth in India and Brazil in H2 2024.
Donald Trump's election victory sparked a financial market rally on November 7, driving stock indices, bond yields, and the U.S. dollar to new highs. Trading volumes surged, particularly for Tesla and small-cap stocks, as investors reacted to expected policy changes.
Shiv Sena (UBT) unveiled its 'Vachan Nama' manifesto, focusing on issues like food security and stable prices for essential commodities. This follows the Maha Vikas Aghadi's announcement of five guarantees, including monthly financial aid and free bus travel for women, as the Maharashtra Assembly elections approach.
Former UK Prime Minister Rishi Sunak and his wife Akshata Murty visited a temple in Bengaluru. They participated in rituals and sought blessings. Sunak was joined by his in-laws, Infosys co-founder NR Narayana Murthy and Sudha Murty. The family's visit to the temple has sparked interest on social media.
Surya Roshni's board will meet on November 14 to consider an interim dividend and a bonus share issue. The record date for the dividend is November 25. This will be the company's first bonus share issue. The company will also approve its second-quarter results in the same meeting.
Tata Power has partnered with Noida International Airport (NIA) to invest Rs 550 crore in renewable energy infrastructure. The 25-year agreement includes supplying 10.8 MW of wind power and developing a 13 MW onsite solar power plant. This collaboration aims to meet NIA's clean energy needs and promote sustainable airport development in India.
how fitness influencer ridhi sharma lost 20 kg without the gym
Maharashtra Deputy Chief Minister Ajit Pawar criticized the opposition's promise of monthly payments to women and unemployed youth, calling it unfeasible. He questioned how the state would manage the expenses, highlighting the already strained budget. Pawar also addressed his absence at a family event and his stance on supporting a controversial NCP candidate facing legal allegations.
Gold prices sharply declined in India and globally on November 7, following Donald Trump's election win. In India, 24k gold dropped to Rs 61,136/8g in Delhi. Globally, spot gold fell to $2,657.65, as investors await the Fed's interest rate decision.
With strong inflows into mutual funds, the share of domestic institutional investors (DIIs) grew at a faster rate than that of foreign institutional investors (FIIs). Consequently, the gap between FII and DII shares narrowed further, reaching a record low of 1.09% at the end of September.
When positions or stocks owned for a longer period are sold either to book profit or to exit in fear of impending bearishness, it is called long unwinding.
Karnataka Deputy Chief Minister D.K. Shivakumar criticized the visit of Jagadambika Pal, Chairman of the Joint Committee of Parliament on the Waqf (Amendment) Bill, calling it politically motivated. Shivakumar accused Pal of engaging in political propaganda and stated that only BJP members were present, contradicting the notion of a joint parliamentary committee.
9 smart strategies to help reduce sugar intake
Israel's Ambassador to India, Reuven Azar, expressed optimism about Donald Trump's victory in the 2024 US presidential election, highlighting potential foreign policy shifts and the expansion of the Abraham Accords. Azar emphasized the need to address threats in the Middle East, particularly from Hamas, to pave the way for stability and prosperity.
Joint Parliamentary Committee (JPC) Chairman Jagdambika Pal's visit to Karnataka to meet farmers sparked controversy, with Deputy Chief Minister DK Shivakumar calling it a political ploy ahead of elections. Shivakumar asserted that the state government wouldn't alter land records despite notices issued in 2019.
GST: Buyers will not be able to claim input tax credit (ITC) if specified sellers or suppliers do not upload the e-invoice within 30 days from the date of its generation. "From 1st April 2025, taxpayers with an AATO of Rs 10 crore and above would not be allowed to report e-invoices older than 30 days from the date of reporting on IRP portals."
Congress and BJP leader Jyotiraditya Scindia exchanged criticisms over Rahul Gandhi's article on monopolies. Congress brought up the Scindia family's history during British rule, alleging their support for the East India Company. Scindia, in turn, criticized Gandhi's understanding of Indian history and urged him to learn from figures who fought for India's freedom.
Maharashtra BJP chief Chandrashekhar Bawankule criticised Uddhav Thackeray for launching the Shiv Sena (UBT) manifesto from his residence. Bawankule contrasted this with Balasaheb Thackeray's practice of launching manifestos from Shiv Sena Bhavan, accusing Uddhav of prioritizing family over the wider community and party workers.
As of September 30, 2024, approximately 10 mutual funds held the largest stakes in companies listed on the NSE by value, according to a report by Prime Database.
Despite a seemingly friendly relationship between Indian Prime Minister Narendra Modi and former US President Donald Trump, analysts predict that renewed trade tensions could strain their bond. Trump's protectionist policies, including potential tariffs on countries with trade surpluses, pose a threat to India's booming economy and its growing tech sector, which relies heavily on exports to the US.
NASA astronaut Sunita Williams faced health issues during her ISS mission. Her eight-day mission extended to six months due to spacecraft problems. Williams experienced weight loss, a common issue for astronauts on long missions. NASA is monitoring her health. Williams will return to Earth in February. This incident highlights the health risks of space travel.
After two days of sharp upward movement, another sharp decline. Two things to keep in mind. One, on Wednesday, as the Nifty rose, the FIIs were still selling – so it appears there is some selling to come till an adjustment of weightages takes place. Two, make a distinction between what is happening to the Nifty and the broader market. Market breadth is still holding its head above water, and that needs to be watched more than anything else.
An ETMarkets analysis revealed that over the last four quarters (December 2023 to September 2024), mutual funds have gradually reduced their holdings in around 62 stocks.