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November 08, 2024

Samson scores consecutive T20I 100s

Sanju Samson became the first Indian batter to score consecutive centuries in T20 internationals. The opener created the record in the first T20I against South Africa in Durban.The batter made full use of the powerplay and scored 35 runs of 20 balls, even after losing his opening partner Abhishek Sharma early. He continued to attack the South African bowlers even after the powerplay. Samson reached his milestone of 47 balls, and ended with 107 runs. His innings included seven fours and 10 sixes as India played aggressively after being asked to bat first. The wicket-keeper batter had scored 111 runs in the last T20I match that India played against Bangladesh in Hyderabad. He had scored the previous ton of only 40 balls, the second fastest century for an Indian.Samson has played 30 innings i

November 08, 2024

PFC Q2 Results: Profit rises nearly 9% to Rs 7,215 cr

State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues. The company logged a profit of Rs 6,628.17 crore in the same period of FY24, according to a BSE filing. Total income rose to Rs 25,754.73 crore from Rs 22,387.32 crore a year ago. The company logged 14 per cent rise in consolidated Profit After Tax in April-September FY25, to Rs 14,397 crore from Rs 12,610 crore a year ago. Consolidated net worth (including non-controlling interest) increased by 17 per cent from Rs 1,23,703 crore as on September 30, 2023 to Rs 1,45,158 crore as at September-end this year. There was 13 per per cent growth in consolidated loan asset book, from Rs 9,23,724 crore as

November 08, 2024

Crypto’s $135 million campaign undefeated in 48 races so far

The cryptocurrency industry spent about $135 million in the 2024 election cycle to back more than 50 candidates, including Democrats and Republicans, incumbents and challengers, shoo-ins and longshots. But they all now share something in common: Victory.In the Nov. 5 races, 48 out of 48 candidates backed by crypto’s biggest political action committees were declared winners as of midday Friday morning. In eight races where votes are still being counted, the PACs’ preferred candidate is ahead in all but three.Crypto made its biggest bet in Ohio, where it spent more than $40 million to lift Republican Bernie Moreno in his bid to unseat longtime Democratic senator and vocal crypto-skeptic Sherrod Brown. Moreno, who trailed in the polls as recently as late October, was declared the victor w

November 08, 2024

Qantas plane lands in Sydney after failure

A Qantas Airways flight bound for Brisbane suffered an engine failure after take-off on Friday and circled for a short period of time before returning safely to Sydney Airport, the Australian airline said. Passengers heard a loud bang from one of the aircraft's two engines, Australian media reported. A journalist with national broadcaster ABC was on the flight and said there was a "sharp shudder" on the plane after the loud noise, his news outlet reported. "It was apparent something had happened with one of the engines, then the plane seemed to labour to get off the ground or get any altitude," ABC journalist Mark Willacy said. Qantas said its engineers had conducted a preliminary inspection of the engine and confirmed it was a contained engine failure, meaning the internal engine parts st

November 08, 2024

M&M shares jump 2% after Q2 PAT beats estimates. Should you buy, sell, or hold?

Shares of auto major Mahindra and Mahindra (M&M) jumped 2% to their day’s high of Rs 2,941 on the BSE after the company reported 13% YoY growth in its standalone net profit for the quarter ended September 30, 2024, to Rs 3,841 crore.This was above the Street expectations of Rs 3,581 crore.Revenue from operations in the reporting period increased 12% YoY to Rs 28,919 crore. Meanwhile, EBITDA for the July-September 2024 period stood at Rs 5,270 crore, while margins came in at 18.2% in the same period.Segment-wise, the auto business saw the highest-ever quarterly volumes at 2.31 lakh units, up 9%, which included record quarterly UV volumes at 1.36 lakh units.On a consolidated basis, profit for the second quarter jumped 35% YoY to Rs 3,171 crore, and consolidated revenues were up 10% YoY

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