The Jharkhand Mukti Morcha has released its first list of 35 candidates for the upcoming assembly polls. Chief Minister Hemant Soren will contest from Barhait, while his wife Kalpana Soren will contest from Gandey. The polls will be held in two phases on November 13 and 20, with results on November 23.
ECB policymakers increasingly worried over too-low inflation (23-10-2024)
European Central Bank officials warn that inflation may drop below the 2% target. Despite past high inflation, current economic weakness is a concern. There are expectations of rate cuts ahead. ECB President hopes inflation will meet the target sooner than the 2025 projection.
Tokyo Metro shares jump a third in market debut (23-10-2024)
Shares in Tokyo Metro surged 36% on their Tokyo market debut, following a highly popular initial public offering that raised $2.3 billion. The IPO was oversubscribed by more than 15 times, attracting investors with an appealing dividend yield and additional perks. This marked Japan’s largest IPO since 2018.
PSU Banks positioned for recovery; defence stocks await further correction: Mayuresh Joshi (23-10-2024)
But a large part of the banking universe is well-capitalised. Asset quality pressure is under control. Provisioning has been done adequately onto the balance sheet and therefore, additional stress coming through seems minimal.
Zomato shares in focus after Q2 profit misses estimates (23-10-2024)
Zomato Share Price: Zomato’s second-quarter profit surged 389% YoY to Rs 176 crore, below market estimates. Revenue climbed 68% to Rs 4,799 crore driven by food delivery margins and quick commerce business. Despite improvements, Blinkit’s EBITDA remains negative due to infrastructure investments.
Adani Green Energy shares in focus after company reports 39% YoY jump in Q2 net profit (23-10-2024)
Adani Green Energy Price: Adani Green Energy’s consolidated net profit jumped 39% to Rs 515 crore in Q2 2024, driven by major greenfield capacity additions and robust operational efficiency. Revenue rose 30% to Rs 3,376 crore. The company reduced its net debt-to-EBITDA ratio and reported significant growth in operational capacity and energy sales.
Mid, smallcap rally may pause to take a breather in Samvat 2081: Analysts (23-10-2024)
Stock Market Samvat 2081 Outlook: Analysts suggest investors put most of their investible surplus in the safety of large-cap stocks