Rajiv Jain's GQG Partners believes the $265 million bribery scandal involving Gautam Adani's businesses will not have a material impact on its investments, citing manageable exposure and sound company fundamentals. The firm's $9.7 billion investment in Adani Group companies remains unchanged, pending new information.

Reported Consolidated quarterly numbers for Sampann Utpadan India are: Net Sales at Rs 21.10 crore in September 2024 up 19.19% from Rs. 17.70 crore in September 2023. Quarterly Net Loss at Rs. 1.13 crore in September 2024 down 505.25% from Rs. 0.28 crore in September 2023. EBITDA stands at Rs. 0.00 crore in September 2024 down 100% from Rs. 1.93 crore in September 2023.

Tesla Inc.’s post-election stock surge has more to do with market exuberance than actual improvement in the fundamentals of its business, UBS Group AG analysts cautioned in a report. While policy proposals have emerged since President-elect Donald Trump’s victory that could favor Tesla, analysts led by Joseph Spak wrote that the changes wouldn’t be absolute positives for the company.

Reported Consolidated quarterly numbers for Jai Balaji Industries are: Net Sales at Rs 1,556.57 crore in September 2024 up 0.64% from Rs. 1,546.63 crore in September 2023. Quarterly Net Profit at Rs. 153.16 crore in September 2024 down 24.01% from Rs. 201.55 crore in September 2023. EBITDA stands at Rs. 250.14 crore in September 2024 up 3.76% from Rs. 241.07 crore in September 2023.

Reported Consolidated quarterly numbers for The Bombay Dyeing Co. are: Net Sales at Rs 380.63 crore in September 2024 down 13.61% from Rs. 440.60 crore in September 2023. Quarterly Net Profit at Rs. 393.02 crore in September 2024 up 855.95% from Rs. 51.99 crore in September 2023. EBITDA stands negative at Rs. 12.28 crore in September 2024 down 138.36% from Rs. 32.01 crore in September 2023.

Prezzo, a UK-based Italian dining chain, has appointed Mark McCulloch as its new chief marketing officer to spearhead its customer experience strategy, leveraging his 20+ years of industry experience and notable roles at Pret A Manger and YO! Sushi. He is set to work part-time, dedicating three days a week to spearhead the next phase of Prezzo's customer experience strategy.

Reported Consolidated quarterly numbers for Ganesha Ecosphere are: Net Sales at Rs 386.81 crore in September 2024 up 38.91% from Rs. 278.45 crore in September 2023. Quarterly Net Profit at Rs. 27.11 crore in September 2024 up 869.14% from Rs. 2.80 crore in September 2023. EBITDA stands at Rs. 59.01 crore in September 2024 up 106.62% from Rs. 28.56 crore in September 2023.

Gap Inc's third quarter (Q3) ending 2 November 2024 saw an operating income of $355m and an operating margin of 9.3%, which was the highest in seven years and reflected a 270 basis point improvement over last year's margin. Its operating expenses slightly decreased to $1.28bn in this quarter from $1.30bn in the corresponding quarter of the previous year.

Reported Consolidated quarterly numbers for Loyal Textiles Mills are: Net Sales at Rs 185.28 crore in September 2024 down 25.16% from Rs. 247.57 crore in September 2023. Quarterly Net Loss at Rs. 50.73 crore in September 2024 down 258.92% from Rs. 14.13 crore in September 2023. EBITDA stands negative at Rs. 25.81 crore in September 2024 down 2132.28% from Rs. 1.27 crore in September 2023.

Global electric vehicle sales have surged, with a 7.4% increase on last year, pushing the market share to 17.4%, while petrol and diesel sales have fallen by a fifth, to 63%, in two and a half years. Global EV sales reached 10.8 million in the year to October, with a record-breaking 1.1 million sold in the last month alone.

Reported Consolidated quarterly numbers for PBM Polytex are: Net Sales at Rs 42.57 crore in September 2024 down 16.06% from Rs. 50.72 crore in September 2023. Quarterly Net Loss at Rs. 1.62 crore in September 2024 up 46.18% from Rs. 3.00 crore in September 2023. EBITDA stands negative at Rs. 1.14 crore in September 2024 up 60.96% from Rs. 2.92 crore in September 2023.

Reported Consolidated quarterly numbers for HP Cotton Textiles are: Net Sales at Rs 33.74 crore in September 2024 up 50.02% from Rs. 22.49 crore in September 2023. Quarterly Net Profit at Rs. 0.83 crore in September 2024 down 84.46% from Rs. 5.34 crore in September 2023. EBITDA stands at Rs. 4.30 crore in September 2024 up 26.47% from Rs. 3.40 crore in September 2023.

Republicans' plans to slash taxes and reorder global trade may be hindered by a $28 trillion Treasury debt market flashing warning signs, as interest on public debt tops $1 trillion and yields on 10-year US Treasury notes rise to 4.4%, driving higher interest rates and counteracting Federal Reserve rate cuts.

Afcons Infrastructure Ltd said on November 25 that the President of Ghana, Nana Addo Dankwa Akufo-Addo, commissioned the first ever Tema-Mpakadan Standard Guage Railway Line, executed by the company, last week. The project cost is approximately $447 million.“We are proud to have executed the largest railway project in Ghana.

Edible oil industry SEA on Monday called on the government to lift a ban on futures trading in key agricultural commodities, including crude palm oil and soyabean, citing significant financial impact on its members. The ban, first implemented in December 2021 on seven agricultural commodities, has been extended multiple times with the current extension running through December 20, 2024.