Goldman Sachs analysts downgraded their recommendation on the Hong Kong stock market, stating that while valuations are currently low, the market is unlikely to see significant growth due to economic pressures and a shift in China's policy focus towards its domestic economy.
MRF announced an interim dividend of Rs 3 per share for its shareholders. The record date for the dividend was November 19, and the payment will be completed by November 29. The company's stock closed flat at Rs 1,20,662.55 on the BSE on Thursday.
FirstCry operator Brainbees Solutions saw its shares surge after reporting a narrowed consolidated net loss of Rs 50 crore in Q2FY25, down from Rs 101 crore the previous year. This improvement was driven by a 26% YoY increase in revenue, reaching Rs 1,905 crore, and a significant jump in adjusted EBITDA.
Procter & Gamble Hygiene & Healthcare announced a final dividend of Rs 95 per share for FY24. Today is the last day to buy shares to be eligible for the dividend as the stock goes ex-dividend tomorrow. The record date is November 18, and the Annual General Meeting is scheduled for November 25.
A merchant ship narrowly escaped an attempted missile attack in the southern Red Sea late Sunday, attributed to Yemen's Houthi rebels. The vessel and its crew were unharmed, with the missile landing in close proximity. While unclaimed by the Houthis, the incident aligns with their ongoing campaign against shipping in the region, citing links to the Israel-Hamas conflict.
Jammu and Kashmir Lieutenant Governor Manoj Sinha chaired a high-level security meeting in Jammu, emphasizing the need to combat terrorism and accelerate infrastructure development. Congress leader Tariq Hameed Karra raised concerns about potential conflicts arising from separate security reviews by the LG and the Chief Minister.
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
Mamaearth Share Price: Honasa Consumer, the parent company of Mamaearth, faced a setback with a net loss of Rs 19 crore in the second quarter. This loss comes after a strategic shift in their distribution model. Despite the setback, the company experienced growth in certain product categories and offline market share.
Delhi's air quality remained in the 'severe plus' category, triggering the implementation of GRAP-IV measures. These include traffic restrictions, bans on construction, and recommendations for school closures and work-from-home arrangements to combat the pollution crisis.
President-elect Donald Trump has named Brendan Carr as the permanent Chairman of the Federal Communications Commission (FCC). Carr, a seasoned telecommunications attorney, has served as a commissioner since 2017 and is known for his conservative approach to regulation. As Chairman, he is expected to focus on deregulation, expanding broadband access, and increasing oversight of Big Tech. Critics question the legal viability of some proposals, but Carr’s appointment signals a potential shift in the... Читать дальше...
Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the 'Birla Opus' paint business.
