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Premier League 2024: Haaland nets four as Man City routs Wolves 5-1.

Man City Erling Haaland struck four times as it remained on course to win a fourth successive Premier League title with a 5-1 thrashing of Wolverhampton Wanderers on Saturday.

Hours after Arsenal’s 3-0 win over Bournemouth, Pep Guardiola’s men responded with a resounding victory that pulled them to within a point of the North Londoners at the top of the standings, but with a game in hand.

Arsenal has 83 points with two fixtures remaining in one of the tightest title races in years, while City has 82, but three games to play.

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“Nine (more) points, we will be champions. Seven points, six points, three points, Arsenal will win the Premier League,” Guardiola said.

Haaland — who boosted his league-scoring lead to 25 with the first four-goal haul of his career — converted from the penalty spot in the 12th minute after Rayan Ait-Nouri’s late tackle took Josko Gvardiol down in the box.

The 23-year-old Norwegian doubled City’s lead in the 35th when he soared high to head home at the far post from Rodri’s cross.

“That’s a beautiful goal. My father (Alf-Inge Haaland, who played for City) is going to be happy with that one,” Haaland told Sky Sports. “A nice celebration, I enjoyed that one.

“Not bad, 25 goals this season. We keep going.”

Haaland converted again from the spot just before halftime after he was clipped from behind by Nelson Semedo in the area. Hwang Hee-chan pulled one back for Wolves in the 53rd with the visitors’ only shot on target.

But a minute later, Haaland smothered any hopes of a comeback with his fourth.

The goal-scoring machine — who missed nearly two months earlier this season with a foot injury but seems to be finding form again at the perfect time — controlled a diagonal pass in the air from Phil Foden before slicing inside and curling a shot into the far corner.

“He was injured, to get back to best form you need time,” Guardiola said. “But happy for his performance, for his exceptional goals, in the penalties as well because we know how some days it is not easy … really pleased for him.”

Substitute Julian Alvarez completed City’s scoring in the 85th minute.

Wolves, whose manager Gary O’Neil was serving a touchline ban, looked nothing like the team that edged City 2-1 earlier in the season.

“I thought we damaged ourselves mostly,” said O’Neil, whose squad is 11th in the standings. “If you make errors against these guys, they’ll punish you. We made too many errors and Manchester City was very clinical.

“It was a tough afternoon, which we knew potentially it would be.”

City plays two away games at Fulham and Tottenham Hotspur then closes the season at home against West Ham United. Arsenal travels to Old Trafford next to play Man City United before hosting Everton on the final day.

WWE Backlash 2024 highlights: A new Bloodline member debuts while Cody, Bayley, and Priest retain.

WWE Backlash 2024 France Live Updates: WWE first-ever PLE following the greatest WrestleMania ever from Lyon, France, delivered high on Saturday night. The night started when an all-out brawl broke up between Kevin Owens, Randy Orton and the Bloodline, forcing the SmackDown General Manager to make the match a streetfight. Kevin Owens was all set to pick up the win before Tama Tonga’s brother and the newest Bloodline member, Tanga Loa, debuts to help the Bloodline pick up the win. In the second match, Bayley faced some trouble against Naomi and Tiffany Stratton but still managed to retain her WWE Undisputed Women’s Championship in the end.

In the WWE World Heavyweight Championship match, despite his best efforts and crowd support, Jey Uso once again came up short as the champion Damien Priest, with the help of interference from Judgement Day, picked up the win. However, tension was high between the Judgement Day members after the match. In the night’s first and only title change, Bianca Blair and Jade Cargill def the Kabuki Warriors (Asuka and Kairi Sane) after a hard-fought match.

The night ended with Cody Rhodes’ WWE Undisputed Championship title on the line against the challenger AJ Styles. AJ Styles took the champion to his limits, but Cody somehow managed to come out on top to earn a monumental victory and retain his WWE Undisputed Championship in his first-ever title defence.

Merchant Navy Salary 2024, Job Profile, Admission, Career Opportunities and Courses

WWE Backlash 2024 result

  • The Bloodline (Solo Sikoa and Tama Tonga) def Kevin Ownes and Randy Orton via pinfall.
  • WWE Undisputed Women’s Championship: Bayley (C) def Tiffany Stratton and Naomi to retain her WWE Undisputed Women’s Championship.
  • WWE World Heavyweight Championship: Damien Priest (C) def Main Event “Jey Uso” via pinfall to retain his WWE World Heavyweight Championship.
  • WWE Women’s Tag Team Championship: Bianca Blair and Jade Cargill def Kabuki Warriors (Asuka and Kairi Sane) via pinfall to become the new WWE Women’s Tag Team Champions. 
  • WWE Undisputed Championship: Cody Rhodes (C) def  AJ Styles via pinfall to retain the WWE Undisputed Championship.

WWE Backlash 2024: The 2024 WWE Backlash was live from the LDLC Arena in Lyon, France, to be WWE’s first-ever live-streamed event from France, as previously, WWE had only organised house shows there. Backlash is going to be the first in the long chain of WWE PLEs company is trying to host in other countries to expand their reach even further in the next 12 months. The event will also serve as the platform for the upcoming storylines, as WrestleMania 40 was largely based around finishing the storylines.

Merchant Navy Salary 2024, Job Profile, Admission, Career Opportunities and Courses

Merchant Navy Most of you have heard about the exciting career in the Merchant Navy. It is open that it is a job where you are on land for 6 months and for the remaining 6 months you are on SEA. For all the husbands who are looking for a career in the Merchant Navy might be wondering what is the salary and job profile in the Merchant Navy jobs. Today this article will discuss the salary that has been received by various job posts in the Merchant Navy. What follows from that will also discuss what is the job profile and what are the courses that you can do to get into the merchant navy. As a high amount of global trade relies on water transport as it is cheap The Merchant Navy plays an important role in transporting goods and people throughout the world. Let’s have a look at the salary and job profile in the Merchant Navy

Merchant Navy Salary & Job Profile

Like the regular Navy, there are lots of different profiles and job openings in the Merchant Navy too. You’ll find jobs from cadets to the officers which led to the different salary slabs and job profiles in this sector. This salary in the Merchant Navy can range from anywhere between 25000 per month to as high as  20 lakhs per month. The salary you will receive ultimately depends upon the job role that you are performing. 

Merchant Navy Officer Salary

If you talk about the typical average salary in the Indian Navy it starts somewhere around 4.8 to 6 lakh per annum which translates to roughly 40000 to 50000 per month. Once you gain enough experience as a merchant navy officer say 10 years of experience your monthly salary can reach 1.5 lakhs. 

Merchant Navy Salary in India

Below we have prepared the table for the Navy salary options based on the job profile and the educational qualifications that you have. Based on your experience level and educational qualification you will be assigned the job depending on that your salary will range. 

Merchant Navy Salary in India with Qualification

Merchant Navy ProfileQualificationMerchant Navy Salary 2024 (approx.)
G P RatingClass 10Rs. 25,000 to 60,000 per month
Trainee CadetClass 12 along with a pre-sea Nautical DiplomaRs. 25,000 to 85,000 per month
Deck CadetClass 12 along with a pre-sea Nautical DiplomaRs. 25,000 to 85,000 per month
3rd Officer/ Merchant navy 2nd officer salary in India2nd Mate (FG) Certificate of CompetencyRs. 1,50,000 to 3,00,000 per month
Chief Officer1st Mate (FG) Certificate of CompetencyRs. 4,00,000 to 6,00,000 per month
Merchant Navy Captain salary per monthMaster (FG) Certificate of CompetencyRs. 8,65,000 to 20,00,000 per month

Also Read: Indian Premier League (IPL 2024) Points Table.

Merchant Navy Courses: Entrance Exam 2024

After exploring the salary range in the merchant navy, let’s now focus on the various pathways to join this esteemed profession. 

Now that you have seen what an exciting salary a career in the Merchant Navy offers you, you might be wondering and exploring the pathways through which you can enter the Merchant Navy. Some colleges offer courses that are available to the Merchant Navy and there are entrance exams conducted every year to select students for those courses. Blue we have discussed all the entrance exams that are required to enter the courses related to the merchant navy. 


Merchant Navy Entrance Exams:

There are lots of Merchant Navy colleges throughout India and they conduct entrance exams for 10 + 2 students so that they can start taking steps towards a career in the Merchant Navy. Below we have listed 4 such entrance exams 

  • IMU CET
  • JEE Advanced
  • MERI Entrance Exams
  • TMI SAT


Admission through Sponsorship-based Entry in the Merchant Navy:

Lots of maritime institutes offer sponsorship-based entry in the Merchant Navy courses you can find out the cause of the source you best and apply for the sponsorship program there.


Admission through Lateral Entry (L.E.) into the Second Year of Marine Engineering:

There is also an option of lateral entry in the Merchant Navy colleges or the Marine engineering courses. You can directly take admission in this second year of the Marine Engineering programs approved by the Directorate General Of Shipping. Below ow are the required qualifications for lateral entry

  • Completion of the first year of engineering with electrical or mechanical specialization, with a minimum aggregate mark of 60%.
  • Possession of a Diploma in electrical, mechanical, marine, or ship-building engineering with a minimum mark of 60%.
  • These multiple avenues provide diverse opportunities for individuals aspiring to pursue a career in the Merchant Indian Navy.


Courses Available for Merchant Navy

Candidates aspiring to join the Indian Navy can check out the options given below using which they can take their first step towards the Career in Merchant Navy.

Merchant Navy Entrance Exams:    There are various entrance exams for which candidates can prepare to get admission to one of the best Merchant Navy colleges across India and the world. These exams include IMU CET, JEE Advanced, MERI Entrance Exams, and TMI SAT.

Sponsorship-Based Entry:  Lots of maritime institutes provide sponsorship-based entries to lots of from-the-sync candidates on an airline basis you can also check out these institutes and start your study in Maritime trade.

Lateral Entry (L.E.):  Candidates who can fully film certain criteria can also get direct admission in the second year of Marine Engineering programs that are approved by the Directorate  General Of Shipping.

Courses Available for Merchant Navy
B.Tech Marine EngineeringB.Tech Naval Architecture and Offshore Engineering
B.Tech Harbour & Ocean EngineeringG.P Rating
Marine Engineering under Alternate Training SchemeBBA Shipping
M.B.A. Shipping & Logistics ManagementHigher National Diploma (Nautical Science)
MBA Shipping FinanceB.E Harbour and Ocean Engineering
Diploma in Marine Engineering (DME)Diploma in Nautical Science (DNS)
B.B.A. Logistics & Supply Chain ManagementHigher National Diploma (Marine Engineering)
B.Tech Ship BuildingB.E Marine Engineering
B.E. Mechanical EngineeringETO (Electro-Technical Officer)
B.Sc Nautical ScienceElectro-Technical Officer Course

So this was all about the salary and the job profile in the merchant navy. We hope you’ve got all the answers that you were looking for.

IPL 2024 match today: MI vs KKR head-to-head record, stats, most runs, and most wickets list in IPL.

MI vs KKR: Mumbai Indians are looking to bounce back after a disappointing show with the bat while Kolkata Knight Riders are looking to get closer to the top of the table

After a disappointing batting performance in the last game, the Mumbai Indians will look to make amends against the Kolkata Knight Riders at the Wankhede Stadium on Friday. The five-time former champions have had a tempestuous run in the Indian Premier League (IPL) 2024 and are now hanging on by the thread of results from other teams.

Indian Premier League (IPL 2024) Points Table.

KKR, on the other hand, pulverized the Delhi Capitals in their last encounter with sharp performances in bowling and batting. The twice former winners at the tournament began by outclassing DC batters courtesy of some great bowling by Varun Chakravarthy who scalped three wickets that helped the team restrict their opponents to 153 runs. The chase was inclined in KKR’s interest from the very beginning as opener Phil Salt smashed 68 runs off 33 balls to propel his team to victory and climb to no.2 in the points table.

The titanic batting unit of MI consisting of Rohit Sharma, Ishan Kishan, Hardik Pandya, Suryakumar Yadav, and Tilak Verma fell cheaply against the LSG. The hosts will look to get their act together to secure the crucial two points with their playoff chances already looking bleak.

MI likely XI (If batting first)

Rohit Sharma, Ishan Kishan (wk), Suryakumar Yadav, Tilak Verma, Hardik Pandya (c), Nehal Wadhera, Tim David, Mohammad Nabi, Gerald Coetzee, Jasprit Bumrah, Piyush Chawla

MI likely XI (if bowling first)

Rohit Sharma, Ishan Kishan (wk), Tilak Verma, Hardik Pandya (c), Nehal Wadhera, Tim David, Mohammad Nabi, Gerald Coetzee, Jasprit Bumrah, Piyush Chawla, Nuwan Thushara

Impact players: Dewald Brewis, Nuwan Thushara, Suryakumar Yadav, Shams Mulani

KKR likely XI (if batting first)

Phil Salt (wk), Sunil Narine, Shreyas Iyer (c), Venkatesh Iyer, Rinku Singh, Andre Russell, Ramandeep Singh, Angkrish Raghuvanshi, Harshit Rana, Varun Chakravarthy, Mitchell Starc

KKR likely XI (if bowling first)

Phil Salt (wk), Sunil Narine, Shreyas Iyer (c), Rinku Singh, Andre Russell, Ramandeep Singh, Angkrish Raghuvanshi, Harshit Rana, Varun Chakravarthy, Mitchell Starc, Anukul Roy

Pitch Report

The Wankhede Stadium is considered a suitable pitch for both batting and bowling. While the ground offers and quick outfield, the surface provides good bounce to the bowlers as well. The ground has hosted 113 runs so far where 61 matches have been won by team batting second. Therefore, skippers from both teams are expected to bowl first.

Head-to-head

Both teams have met each other on 32 occasions over the years where Mumbai have heavily dominated the head-to-head with 23 wins in their favour.

Fantasy XI

Phil Salt (wk), Sunil Narine, Suryakumar Yadav, Shreyas Iyer (c), Rinku Singh Tilak Verma, Andre Russell, Varun Chakravarty, Jasprit Bumrah, Piyush Chawla, Mitchell Starc

Did you know?

The lowest total recorded at the Wankhede Stadium was in 2008, during a clash between MI and KKR. The hosts blew the Knight Riders away for a score of 67 and then chased the total down inside their powerplay.

Federal Bank Share Price LIVE: stock down 1.82%. Catch the closing action Live here.

Live Stock Price for Federal Bank Ltd.: The shares of Federal Bank Ltd. saw a decrease of 1.82% to ₹165.15, indicating a market capitalization of ₹40.18 Thousand Crore. Thus far, the Federal Bank Ltd. stock has experienced a high of ₹169.50 and a low of ₹164.00. In the past year, the stock has fluctuated between ₹170.30 and ₹121.00. The stock performance, peer returns, historical information, and other insights of Federal Bank Ltd. are demonstrated here.

Federal Bank is trading -1.37% lower at Rs 165.70 as compared to its last closing price. Federal Bank has been trading in the price range of 169.50 & 164.00. Federal Bank has given 7.59% in this year & 9.38% in the last 5 days.

Federal Bank has a TTM P/E ratio of 8.95 as compared to the sector P/E of 9.31.30 analysts have initiated coverage on Federal Bank. 15 analysts have given it a strong buy rating & 8 analysts have given it a buy rating. 0 analysts have given the stock a sell rating.

The company posted a net profit of 1,035.42 Crores in its last quarter.

Hindalco vs Vedanta: Which metal stock should you pick for the long term?

Listed peers of Federal Bank include Au Small Finance Bank (0.02%), Punjab & Sind Bank (-2.43%), Federal Bank (-1.37%) etc.

Federal Bank has a 100.00% public holding. The Mutual Fund holding in Federal Bank was at 9.11% on 31 Mar 2024. The MF holding has increased from the last quarter. The FII holding in Federal Bank was at 28.57% on 31 Mar 2024. The FII holding has decreased from the last quarter.

Federal Bank share price range

Today’s Low164.00Today’s High169.50
52 Week Low120.9052 Week High170.25

Federal Bank Share Key Metrics

Market Cap ( ₹ Cr.)40,926.23

Beta1.48
Div. Yield (%)0.00
P/B1.36
D/E0.84
Open Price168.15
TTM P/E8.95
Peg. Ratio4.77
Sector P/E9.31
Prev. Close168.00

Federal Bank stock Analysis

Price Analysis

1 Week9.38%
3 Months14.40%
6 Month18.77%
YTD7.59%
1 Year22.00%

Federal Bank

Analysts’ Views

RatingsCurrent1 W Ago1 M Ago3 M Ago
Strong Buy15151515
Buy8888
Hold6556
Sell0000
Strong Sell1111
Total30292930

Technical Trends

Federal Bank

The value of Federal Bank’s shares has dropped by 1.82%, according to real-time tracking. Investors can learn a lot from this closing behavior, which signals changes in market mood and possible future trends. Real-time monitoring of these variations can help stakeholders make well-informed decisions about their investment plans. Keep checking back for more information and analysis to help you successfully navigate the ever-changing stock market landscape.

Dubai weather: Heavy rains lash UAE again; flights canceled, schools and offices shut.

Dubai weather Heavy rainfall and thunderstorms in the UAE have prompted flight cancellations and work-from-home for schools and companies. Parks and beaches were closed, and several airlines said they were experiencing delays and disruptions due to bad weather.

Heavy rainfall returned to the United Arab Emirates (UAE) on Thursday and Friday, leading to the cancellation of several flights and forcing the closure of schools. Authorities have asked students to study from home, while offices have been instructed to operate remotely. 

The MeT department had issued an orange alert for Thursday as heavy rains and thunderstorms lashed the UAE, reported Khaleej Times

The UAE authorities had asked schools to start distance learning and companies to allow people to work from home. The Knowledge and Human Development Authority (KHDA) announced that the decision applied to all private schools, nurseries, and universities. Dubai announced work-from-home for government employees on May 2 and May 3. Parks and beaches have been shut.

Coforge share price declines 9% post-Q4 earnings performance: Should you sell or Hold the stock?

Emirates canceled several flights on Thursday due to bad weather across the UAE. A Flydubai spokesperson told Khaleej Times that the “adverse weather conditions in Dubai on Thursday have caused some delays to their operations”.

India’s IndiGo said that its flight operations have been affected by bad weather in Dubai, Sharjah, Ras Al Khaimah, and Abu Dhabi. Vistara and SpiceJet also said that departures, arrivals, and flights would be impacted by inclement weather.

Last month’s downpour, the heaviest in UAE since records began in 1949, flooding overwhelmed the UAE’s drainage systems. Many residents lost their belongings when their homes flooded, and the flooding waters destroyed many cars. Dubai International Airport, the world’s busiest for international travel, needed 22 tankers with vacuum pumps to get water off its grounds.

Dubai weather on May 3

According to the Khaleej Times, generally fair and partly weather is expected over eastern and southeastern areas on Friday.

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The National Centre of Meteorology (NCM) expected the night to be humid, with a gradual rise in temperature from Saturday.

The temperature will surge up to 38 degrees Celsius and 35 degrees Celsius in Abu Dhabi and Dubai, respectively.

The weather department has also projected light to moderate winds, which may cause dust and sand to blow over.

Hindalco vs Vedanta: Which metal stock should you pick for the long term?

Stock Price Trend: Vedanta has outperformed benchmark Nifty Metal this year so far while Hindalco underperformed. Vedanta has surged over 61 percent in 2024 YTD while Hindalco is up just 5 percent. The metals market has seen a strong performance driven by positive PMI data from China and solid US economic fundamentals, leading to higher commodity prices, especially for base metals. Hindalco and Vedanta’s comparison can help identify better long-term investment opportunities.

The metals market has experienced a strong performance in the past month, largely due to positive PMI data from China and solid economic fundamentals in the US. This has driven up commodity prices, particularly for base metals. Supply constraints in copper and aluminum, alongside a ban on Russian-origin metal from the London Metal Exchange, have further supported metal prices. With the potential for interest rate cuts from the Federal Reserve and an anticipated stimulus from China, the outlook for metals remains positive.

In this environment, comparing Hindalco and Vedanta can help determine which metal stock may offer superior long-term investment opportunities.

Coforge share price declines 9% post-Q4 earnings performance: Should you sell or Hold the stock?

Stock Price Trend

Vedanta has outperformed benchmark Nifty Metal this year so far while Hindalco underperformed. Vedanta has surged over 61 percent in 2024 YTD while Hindalco is up just 5 percent. In comparison, the Nifty Metal index has gained over 17 percent in this period.

This year so far, Vedanta has given positive returns in 3 of the 4 completed months so far while Hindalco has been positive in 2. Vedanta rallied 46.46 percent in April after a 1.3 percent rise in March. Meanwhile, it fell 2.5 percent in February but rose 6.4 percent in January this year. In the 2 sessions of May, the stock has advanced 5.3 percent.

Hindalco, on the other hand, gained 15 percent in April, extending gains for the 2nd straight month, after a 11.19 percent surge in March. However, it fell in the first 2 months of this year, down 5.7 percent in January and 13 percent in February. It has been flat, up just half a percent in May.

Meanwhile, in the last 1 year as well, Vedanta has been the better stock, jumping around 50 percent whereas Hindalco has rallied 45 percent. In comparison, Nifty Metal has surged 110 percent in this time.

Both Vedanta and Hindalco have also hit their 52-week highs in recent times along with Nifty Metal. Vedanta hit its 52-week high of ₹419 in intra-day deals today, May 3, 2024. The stock has now advanced 101.5 percent from its 52-week low of ₹207.85, hit on September 28, 2023.

Meanwhile, Hindalco touched its all-time high of ₹661.30 last month on April 26, 2024, and is currently just 2 percent away from the peak. Currently trading at ₹646, it has rallied over 64 percent from its 52-week low of ₹398.00, hit on May 25, 2023.

Moreover, in the long term, 3 years, again Hindalco has emerged as the winner. It has surged 78 percent while Vedanta jumped 61 percent.

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Earnings

In the March quarter, Vedanta reported a 27 percent decline in its net profit to ₹1,369 crores on the back of surging finance costs and weak prices of metals such as zinc, copper, and aluminum. It had posted a net profit of ₹1,881 crore in the same period last year. Meanwhile, its revenue from operations fell 6 percent YoY to ₹34,937 crore in Q4FY24.

The company said that short-term and long-term demand remains robust in India. “The demand is expected to remain strong in upcoming years due to thriving infrastructure, manufacturing, automobile, and EV/renewable sectors,” Vedanta said in an investor presentation.

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Meanwhile, Hindalco has not yet reported its March quarter results. In the December quarter, the firm reported a 71 percent YoY growth in its consolidated net profit at ₹2,331 crore versus ₹1,362 crore a year ago. Meanwhile, its revenue from operations in the third quarter fell marginally to ₹52,808 crore from ₹53,151 crore in the same quarter of last year.

“The copper business registered a record EBITDA, up 20 percent YoY on the back of strong volume growth and robust operations,” Hindalco managing director Satish Pai said.

The aluminum upstream business EBITDA rose 54 percent from the year-ago period, supported by stable operations and lower raw material costs, “which keeps us positioned in the first quartile of the global cost curve”, he said.

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Which metal stock has better long-term investment opportunities?

Sanjay Moorjani, Research Analyst, Samco Securities likes Hindalco better

Incorporated in 1958, Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. Now, Hindalco is advancing from a manufacturing company to a manufacturing solutions provider by moving further down the value chain and co-creating solutions with customers. The company has announced organic growth investments of around $1.13 Billion which are planned to be allocated to high-growth downstream projects in Electric Vehicles (EVs), e-mobility, packaging, batteries, building and construction and consumer durables. India’s growth story remains strong on account of increased focus by the government on infrastructure, railways, defence and manufacturing. 

Additionally, the government’s rooftop solar scheme will serve as another tailwind for Hindalco along with the already growing EV market. These futuristic sectors are expected to see a lot of traction going forward and Hindalco’s downstream initiatives position it to capitalise on these opportunities fully.

On the other hand, Vedanta is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into electronics and display glass manufacturing. The proposed demerger in Vedanta would present an opportunity for investors to invest in individual businesses independently, essentially creating pure-play investment options. 

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However, it’s crucial to note that Vedanta’s debt obligations persist despite this structural change. Additionally, while Vedanta’s shares have experienced notable rallies in recent times, operational performance improvements haven’t seen any positive surprises. However, the debt obligations of Vedanta would remain unaffected. In the last month, Vedanta’s shares have rallied a lot without much of an improvement in its operational performance.

While both Hindalco and Vedanta present compelling investment propositions, Hindalco’s strategic focus on downstream initiatives aligned with futuristic sectors positions it as a promising long-term investment choice. Investors can consider Vedanta’s businesses post its demerger.

Parthiv Jhonsa, Lead Analyst (Metal and Mining), Anand Rathi Institutional Equities also picked Hindalco over Vedanta

Hindalco has a strong aluminium and copper presence in the domestic market along with being one of the largest FRP producers globally (excl. China). As India is the only major economy where domestic demand for metals is expected to outstrip global growth figures, Hindalco is well-set in the non-ferrous sector, especially after the supply crunch caused by the ban on Russian metals in North America and the recent rally in copper.

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Sujit Modi, CIO, Share.Market, as well, favours Hndalco

A head-to-head comparison between the two stocks based on our factors tells us that both the stocks rank high on short-term measures like Momentum and Sentiment, however, in the longer time frame, factors like Quality & Value seem to favor Hindalco over Vedanta.

On the contrary, Aditya Welekar, Senior Research Analyst – Auto & Metals, Axis Securities prefers Vedanta over Hindalco

In the long term, we prefer Vedanta over Hindalco as Vedanta has multiple levers to grow both in volume and cost/operational performance. A vertical merger into six pure-play companies and the probability of an asset sale (steel business in Q1 or Q2FY25) can drive further upside from the current levels. For Hindalco, an update on Novelis IPO and its proceeds will be the key monitorable and critical risk.

Both Hindalco and Vedanta offer distinct advantages, however, more experts favor Hindalco. Hindalco’s strategic positioning in high-growth downstream sectors and consistent operational performance make it an attractive option for long-term investors. Vedanta’s potential demerger and diversified portfolio present opportunities but come with some risks due to debt obligations.

Coforge share price declines 9% post-Q4 earnings performance: Should you sell or Hold the stock?

Stock Market Today: The Coforge share price Ltd was corrected by more than 9% during the morning trades on Friday. The company posted Q4 earnings performance on Thursday post-market hours

Stock Market Today: During Friday’s morning trading, Coforge Ltd.’s share price had a correction of over 9%. Coforge Ltd. released its Q4 financial results after market hours on Thursday.

For the quarter that ended in March of 2024, Coforge recorded a 95% increase in net profit to ₹224 crore. Consolidated sales for the three months ending March 31 rose 8.7% year over year to ₹2,359 crore.

However, the performance fell short of some experts’ projections.

In response to the results, analysts at Jefferies India Pvt Ltd stated that the performance was below average overall.

Jefferies downgrades ratings 

Coforge’s 4QFY24 revenues of US$287 million (rising 1.9% sequentially in constant currency terms), a 65bps sequential rise in EBITDA margins, and normalized profit of Rs2.3 billion, all were both below expectations, said analysts at Jefferies.

The main negative surprise in the results was the slower-than-expected margin expansion as per Jefferies. Top-5 customers and Banking Financial Services (up 6.4% sequentially) were the primary drivers of revenue growth.

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The IT companies see a slowdown in spending by clients leading to uncertainties over revenue and profitability outlook.

At $775 million, Coforge’s fresh order intake was robust, bolstered by two significant agreements. However, a significant negative surprise was that Coforge did not provide growth guidance for FY25 which as per analysts at Jefferies implies increased demand uncertainty.

Amid moderating growth and repeated disappointment on margins, a large acquisition as per Jefferies adds another layer of execution risk, warranting a derating. Coforge has signed a definitive agreement to take over Cigniti Technologies Limited.

Besides an Imminent QIP should be an overhang, too as per Jefferies who have cut their earnings estimates by 11-16% and lowered their target price to Rs4,290 based on 20 times price to earnings valuations and hence have downgrade rating to underperform

Coforge share price

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Antique Stock Broking cuts target price

Analysts at Antique Stock Broking have lowered Coforge’s target price to ₹6,200 (from ₹6,900 earlier) as have lowered their forward valuation (price to earnings) multiples to 30 times (from 32 times earlier) due to the reduced near-term growth outlook. They expect some slowdown in Coforge’s growth in FY25 after reporting strong double-digit growth in FY24. 

PhillipCapital Institutional Equity Research remains optimistic about the FY25 Outlook and maintains a Buy Rating

Phillip Capital in their post-result report said that they now value Coforge at 28 times FY26 EPS (versus 30 times earlier) on lower margins. Their Price target stands at ₹6030 (versus ₹7110 earlier)

Conference League semi-final first leg: Olympiacos upset Aston Villa.

A strong order intake year to date, a strong 12-month executable order book, a healthy large deal pipeline, and a travel vertical (18% of revenue) rebounding after weak FY24 performance, should help Coforge’s growth to remain in the leader’s quadrant, believe analysts at PhillipCapital. 

Analysts at PhillipCapital said that Prima facie the acquisition seems to fill in the portfolio gaps within Coforge, however successful integration will be key given the size (20% of Coforge Revenue).

Premier League | Chelsea’s 2-0 victory over Tottenham dashes London’s dreams of qualifying for the Champions League

Premier League Tottenham’s Champions League hopes fade after a 2-0 loss to Chelsea, facing an uphill battle for European qualification

By falling 2-0 at Chelsea on Thursday, Tottenham slumped to a second loss to a London rival in the space of four days in the Premier League — after a 3-2 home defeat to Arsenal in the north London derby last weekend.

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In between those losses came confirmation that England will have just four places in next season’s expanded Champions League, and not five.

That’s another blow to Spurs, who are fifth and stayed seven points behind fourth-place Aston Villa with one game in hand. They still have to play Liverpool and Manchester City in their remaining four games so it is looking increasingly unlikely they will close the gap to Villa.

Headed goals by Trevoh Chalobah in the 24th minute and Nicolas Jackson in the 72nd were enough for Chelsea, which could yet salvage a place in one of the minor European competitions from what has been an underwhelming Premier League campaign for a squad assembled at a cost of more than $1 billion.

Conference League semi-final first leg: Olympiacos upset Aston Villa.

Chelsea climbed above West Ham and into eighth place, two points behind Newcastle and three behind Manchester United in sixth. Two of those three teams will likely be playing in either the Europa League or Europa Conference League next season.

Tottenham has now won just one of its past 34 away league games against Chelsea, making it one of the most one-sided top-flight fixtures. The sole victory came in 2018, when Mauricio Pochettino — the current Chelsea manager — was in charge of Spurs.

Chalobah got on the end of a free kick by Conor Gallagher to loop a header over Tottenham goalkeeper Guglielmo Vicario and into the net to give Chelsea the lead. It was another goal conceded from a set piece by Spurs and that is becoming a recurring issue under manager Ange Postecoglou.

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Jackson, who had a shot partially saved by Vicario and subsequently cleared off the line by Micky van de Ven in the first half, eventually got his goal when he was quickest to react after Cole Palmer’s free kick rebounded out off the crossbar. Jackson did well to head the ball over two Tottenham defenders who were retreating toward their goal line.

Tottenham is six points clear of Manchester United and might have to settle for a fifth-place finish, which would earn a spot in next season’s Europa League.

Who was Joshua Dean? Boeing Whistleblower Dies. “Sudden, Fast-Spreading Infection,” Says Report.

Joshua Dean Boeing whistleblower, was declared dead on Tuesday, May 30, nearly two months after the shocking death of Boeing whistleblower John Barnett.

Joshua Dean, a Boeing whistleblower who accused the world’s largest aerospace company’s supplier of ignoring defects in the manufacturing of the 737 MAX, died due to a sudden illness, according to his family members.

He was declared dead on Tuesday, May 30, nearly two months after the shocking death of Boeing whistleblower John Barnett. The 62-year-old Barnett was found dead due to a self-inflicted gunshot wound, as per South Carolina authorities.

Who is Kishori Lal Sharma, Congress’s Amethi pick?

Who was Joshua Dean?

Joshua Dean was an ex-employee of Spirit AeroSystems, an aircraft manufacturer that produces crucial components, such as the fuselage for Boeing. According to him, he was fired in retaliation for pointing out the company’s inadequate standards at its manufacturing facility in Wichita, Kansas.

He started working at Spirit in 2019 after completing his graduation in mechanical engineering. However, he lost his job in 2020 due to COVID-related layoffs. Luckily, he got back his job the following year as Spirit hired him as a quality auditor.

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The 45-year-old was a resident of Wichita, Kansas, where Spirit is located.

Dean’s aunt Carol Parsol said that he unexpectedly got unwell and was taken to a hospital after experiencing respiratory difficulties two weeks ago.

He contracted MRSA, a serious bacterial infection, and pneumonia. He required continuous intubation during his hospital stay in Oklahoma City.

According to reports, his health declined rapidly and he was placed on extracorporeal membrane oxygenation (ECMO) machine, a kind of life support. He was also on dialysis and given a lot of medication.

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Dean’s mother posted on social media that a CT scan revealed he may have had a stroke while he was “fighting for his life” in the hospital.

Calling his death “heartbreaking”, Dean’s aunt said: “It was brutal what he went through”.

Meanwhile, his attorney Brian Knowles termed his demise as a “loss to the aviation community and the flying public,” adding that he always stood up for what he felt was right and voiced concerns over safety and quality issues.

“Aviation companies should encourage and incentivise those that do raise these concerns. Otherwise, safety and quality are truly not these companies’ top priorities,” Knowles told Al Jazeera.

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What did he accuse Boeing of?

Dean claimed to have discovered a significant production flaw in Spirit-built 737 MAX parts during an examination in 2022. He even brought up the issue with the highest levels of management, but alleged that nobody paid attention to the problem.

He was fired in April 2023 on the accusation of failing to identify another issue that resulted in a delivery halt for the company.

A few months after his departure, Spirit discovered a significant problem with the way 737 MAXs were manufactured. This was the same issue that Dean had originally brought to the firm’s attention before his dismissal.

Dean then launched a safety complaint with the Federal Aviation Administration, alleging a manufacturing fault that Spirit had initially concealed from the FAA.

“After I was fired, Spirit AeroSystems [initially] did nothing to inform the FAA, and the public, about their knowledge of the aft pressure bulkhead defects”, he wrote in his complaint.

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In response to a lawsuit filed by Spirit stockholders, Dean claimed that the Kansas plant had “excessive” flaws.

He also lodged an aviation whistleblower case with the Department of Labor, claiming wrongful firing and “gross misconduct of senior level Spirit AeroSystems Quality Managers”, reported The Seattle Times.

Speaking to NPR in January, he said: “I think they were sending out a message to anybody else. If you are too loud, we will silence you.”

A Spirit representative told NPR that the accusations leveled against the company are being contested in court and that they vehemently dismiss these allegations.

On learning about Dean’s death, Spirit spokesperson Joe Buccino in a condolence message said: “Our thoughts are with Josh Dean’s family. This sudden loss is stunning news here and for his loved ones.”

Spirit AeroSystems came under fire since it emerged that the company manufactured the door panel that burst off a 737 MAX 9 in midair in January.

Concerns over safety standards at Boeing have been raised in the wake of several tragedies, including the near-disaster involving Alaska Airlines Flight 1282, which is currently the focus of many investigations.