Why yes bank share is falling

Ukrainian service members walk in the industrial area of the city of Sievierodonetsk, as Russia’s attack on Ukraine continues, Ukraine June 20, 2022. (REUTERS/Oleksandr Ratushniak/File Photo) KYIV/POKROVSK, Ukraine — Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on Saturday, confirming Kyiv’s biggest battlefield setback for more than a month, after weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk — once home to more than 100,000 people, now a wasteland — was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will … [Read more...] about Ukrainian city falls to Russia in one of war’s bloodiest fights

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of Tata Power Co fell as much as 7% to hit a two month low tracking a fall in local equity markets. The stock touched a low of Rs 223 -- a level last seen on 8 March 2022. Since 6 April, Tata Power has declined 20% while Sensex and Nifty lost around 9% each. Tata Power's March quarter (Q4FY22) adjusted profit after tax (PAT) of Rs 653 crore (up 66.3% on year) came 4% above estimate of Rs 632 crore primarily on account of higher dividend income and tax benefit from Coastal Gujarat Power Ltd (CGPL) merger in standalone business (PAT at Rs 1770 crore versus net loss of Rs 159 crore a year ago) and good performance from renewable energy (RE) business. Coal mining performance was disappointing with 36% sequential decline in PAT at Rs 397 crore owing to lower volumes and lower … [Read more...] about Tata Power falls 7% to hit two month low

Wall Street's main indexes rose over 1% on Friday as signs of slowing economic growth and falling commodity prices tempered expectations over how high the Federal Reserve will raise interest rates to rein in inflation. Global financial markets have been roiled this month on worries that rapid rate hikes by major central banks could cause a recession, with the benchmark S&P 500 (.SPX) confirming a bear market last week as it recorded a 20% drop from its January closing peak. The three main indexes on Friday looked set to notch their first weekly gain in four, boosted by megacap growth stocks and defensive sectors such as healthcare and utilities seen as safer bets during times of economic uncertainty. "Conversations about the U.S. economy likely slowing which could lessen the hawkishness of the Fed, combined with lower commodity prices and bond yields - these are reasons investors are mentioning to justify why we could experience a near-term bounce," said Sam Stovall, … [Read more...] about Wall Street rallies as traders dial back rate-hike bets

Share to Twitter Share to Linkedin It's going to be a busy summer travel season. And different. The summer travel advice from experts is different, too. Domestic travel volume will rise 16% over last year, with almost 75% of Americans planning to travel domestically for summer vacations, according to Allianz Partners' Top 10 Summer Destinations review . And travel to Europe will soar 600% over last year. ​​ "The floodgates have opened," says Valentina O'Kane, owner of Incognito Global Travel , an affiliate of Embark Beyond. "People are rushing to get out there again. The popular tourist destinations are overbooked, with little if any availability. They are going to be overcrowded and overpriced this summer." I just interviewed 200 top travel experts about what lies ahead for travel. Here's part one of my series , which outlines what to expect in the next three months. There are two important takeaways. Covid is far from over, so you may … [Read more...] about Expert Summer Travel Advice For Your Next Vacation

Wall Street, New York City (File image: Reuters) Wall Street's main indices soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020. All 11 of the benchmark index's sectors ended at least 1.5% higher. Stocks rebounded this week as financial markets have been roiled over worries that rapid rate hikes by the Fed to rein in 40-year-high inflation could cause a recession. Still, investors have been gauging when the market might hit its bottom after the benchmark S&P 500 earlier this month recorded a 20% drop from its January closing peak, confirming the common definition of a bear market. "Some of the moves, the sellers just get exhausted so you don’t have as much capital moving out," said Shawn Cruz, head trading strategist at TD Ameritrade. "This might be a … [Read more...] about Wall Street mints big gains to end a strong week

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × With his steadfast focus on R&D, PR Venketrama Raja has played a pivotal role in steering the Ramco Group, which has interests ranging from cement to IT services, and winning recognition for its products and services. PRV, as he is known in industry circles, established Ramco Systems with the goal of creating a world-class information technology company focused on enterprise applications and emerging technologies. For him, institution-building is far more important than playing the valuation game. Quiz him on his favourite company in the group and he says Ramco Cement , Ramco Systems and Rajapalayam Mills are equally important. In a free-wheeling interaction with Moneycontrol at the Ramco Systems office in Chennai, the Group Chairman opened up on a range of topics. Edited … [Read more...] about All our companies are equally important for us: Ramco Group’s Venketrama Raja

Share to Twitter Share to Linkedin “Keep on going straight down until you can’t go on anymore. You'll reach a very small village; it’s like it’s the last village before you reach the end of the world. The land just stops. And then it’s just sea,” says Pierre, the taxi driver who picked me up from Marseille train station. As we zip along the craggy coastline south of France's second largest city, he tells me a little bit about Les Goudes, where I am headed, which is a district of Marseille tucked in the Calanques National Park, a huge rocky stretch scattered with coves that extends 200 square miles along the sea. We stop before Les Goudes village in front of a small glass door with pastel pink lettering indicating I’ve reached Tuba Club , the restaurant with rooms that's become a go-to for well-heeled travelers since it opened in summer 2020. The small clapboard building is combed with a corrugated roof like icing on a cake. Inside, there's a beachy fresco by … [Read more...] about Tuba Club, South Of France’s Coolest Spot, Gets Hot New Resident Chefs

PhonePe CEO Sameer Nigam (Image credit: Photo tweeted by @_sameernigam) Payments and financial services company PhonePe has clear plans to list on the stock exchanges some day and when ready the company will launch an initial public offering (IPO) in India, founder and CEO Sameer Nigam said. Speaking in an episode of CNN News18 ’s Bits to Billions, Nigam said that the company is also in the process of moving its registered entity from Singapore to India. Missed Bits to Billions? Watch it here: PhonePe Is Made In India, Will List In India: How Sameer Nigam & Rahul Chari Built A Unique Unicorn "We are moving our holding company to India, and we will list here. Our board has already signed off on it, it's just a matter of time now," he said. "We are a made in India company. Every office, data centre, and employee of ours is here. There is no reason why we should not contribute to wealth creation in this market." Close PhonePe's move to bring back its … [Read more...] about PhonePe is made in India and will list in India, says CEO Sameer Nigam

Share to Twitter Share to Linkedin Baz Luhrmann’s Elvis topped the domestic box office on Friday with a solid $12.7 million. That includes $3.7 million in Thursday (and week-of) previews. If the film plays over the weekend like Dexter Fletcher’s Rocketman (which opened with $25.7 million from a $9.17 million Friday in June of 2019), then the $85 million rock biopic earns an impressive $35 million in its Fri-Sun debut. That may be optimistic since the Paramount-released, crowd-pleasing Elton John flick was R-rated. However, Taron Egerton’s Rocketman was also an hour shorter than Warner Bros. Discovery’s Austin Butler and Tom Hanks-starring 160-minute epic. With strong reviews and solid buzz, I’d expect the Austin Butler/Tom Hanks flick with around $30 million and duking it out with Top Gun: Maverick for the weekend crown. One year ago, we were all mourning the $11.8 million opening weekend of In the Heights (and celebrating the $70 million opening … [Read more...] about Friday Box Office: ‘Elvis’ Tops With $13 Million, ‘Black Phone’ Grabs $10 Million

Share to Twitter Share to Linkedin Even if Top Gun: Maverick ends up just below Elvis atop the domestic box office in its fifth weekend, it won’t be for a lack of trying. Paramount and Skydance’s $170 million action drama earned another $8.25 million on its fifth Friday, dropping 26% from last Friday for a new $499.472 million domestic cume. Tom Cruise’s legacy sequel is passing $500 million domestic by the end of this sentence. It’s looking like a $30.1 million fifth-weekend gross for the Joseph Kosinski-directed flick, which would be A) a drop of just 33% and B) the second or third-biggest fifth-weekend gross alongside Titanic ($30.1 million) and Avatar ($42 million). That brings its domestic cume to $521 million by Sunday night. Presuming a continued 53/47 domestic/overseas split and a thus-far solid opening weekend in South Korea, Top Gun: Maverick should end tomorrow night just over/under the $1 billion mark in global grosses. Among domestic … [Read more...] about Friday Box Office: ‘Top Gun: Maverick’ Tops $500 Million, ‘Lightyear’ Plunges 74%