Usa Financial News

Oyo has reported its first-ever profit after tax (PAT) of Rs 229 crore for financial year 2024, according to the company's annual report.

SpaceX is aiming to break new barriers in polar exploration with the first manned space mission over the Earth's poles — a private flight commanded by a crypto entrepreneur later this year, the company said Tuesday. The mission, dubbed «Fram2» after a 19th century polar expedition schooner, is due to last between three to five days, and was purchased by Chun Wang, a wealthy bitcoin pioneer who founded f2pool and stakefish, for an undisclosed amount. He will be joined by three polar experts: Norwegian filmmaker Jannicke Mikkelsen, German robotics researcher Rabea Rogge, and Australian polar adventurer Eric Philips.

Bhargav Buddhadev, Fund Manager, Ambit Asset Management, warns that few sectors within capex-oriented themes could see selling pressure. “Sectors like roads, railways, defense could see selling pressure given that the government in the recent budget has significantly cut down the budget allocations across these sectors, and in general as well. The Government’s capex budget expenditure, which saw a CAGR of ~12% over FY20-24 reduced to ~9% in FY25 budget estimate,” he says. Edited excerpts from a chat: FIIs have been the biggest sellers in the Indian market in the last few days given all the worries related to recession, reverse carry trade of yen, and other global factors. By when do you think we can start seeing a reversal as far as FII mood is concerned? Bhargav Buddhadev: Earnings should be the biggest driver for FIIs to start re-looking at India.

Dipan Mehta, Director, Elixir Equities, says gradually, a lot of the factors have improved for pharma companies and I am very positive on the pharma sector. That will be the target sector in the event of a correction and we like to be overweight pharma. Structurally, some things have changed in the US generic market and they are now able to get at least a fair price for whatever they are selling over there. What has been your key takeaway from Hero MotoCorp's quarterly performance? Dipan Mehta: The performance appears good, but the problem is the sustainability of the numbers going forward. While they have been able to increase their market share, the new products that they have launched are highly successful and that is helping them gain the market share. The raw material costs have been pretty. On the lower side, they have been stable and therefore, operating profit margins have gone up and operating leverage has come into play.

Roznov pod Radhostem was best known for its rum-drizzled sweet pies and an open-air museum showing off historical wooden houses. Then came an announcement that stirred the sleepy backwater. US chipmaker ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hub in June. The past few weeks have seen a flurry of visits by property developers, the head of a local university and government officials followed around by television crews. The interest isn’t surprising given the investment will be the biggest by a foreign company in the Czech Republic for three decades. But it also reflects how there’s more riding on the plan to make a new generation of microchips than the prospects of a corner of central Europe.

Imane Khelif earned a gold medal in Paris, the boxer who faced international scrutiny and misconceptions about her sex is likely to name Elon Musk and JK Rowling in her complaint against «cyber bullying», according to Variety. Khelif, who had been in the docks before over her gender eligibility, faced severe criticism after defeating Itanian boxer Angela Carini in an opening-round bout in just 46 seconds at the Olympics. After winning gold in the Olympics, Khelif filed a legal complaint in France. «JK Rowling and Elon Musk are named in the lawsuit, among others,» attorney Nabil Boudi told Variety on Tuesday. Boudi also said that former US President Donald Trump would be part of the probe. However, he said it wasn't clear if he would be named in the complaint.

IT firm Happiest Minds saw its banking financial services and insurance (BFSI) vertical’s contribution going up by 540 basis points, even as its US’ contribution coming down by 250 basis points in the just concluded quarter of this fiscal. One basis point is a hundredth of a percentage point. Acquisitions in the first quarter influenced both BFSI and US geography, said Executive Vice Chairman Joseph Anantharaju to ET on Tuesday. The IT firm, which announced its Q1 earnings Monday late night, acquired Aureus and PureSoftware in the first quarter of this fiscal. «Both these acquired firms are strong in financial services. While PureSoftware is focused more on banking and financial services, Aureus is on insurance», added Anantharaju.

iPhone manufacturing and domestic sales of MacBooks, iMacs, iPads, Watches and AirPods lifted the value of Apple’s India operations to over Rs 2 lakh crore ($23.5 billion) in FY24, top officials said, up from Rs 1.15 lakh crore in the year before. They told ET that Apple has likely exhibited the fastest growth in production and exports by any company in the last 50 years in India, making the Cupertino-based tech giant the largest global value chain (GVC) operating domestically. Apple is also the first GVC in India that is rapidly shifting in part of its supply chain from China. According to the recent Economic Survey, India contributes around 14% to the US tech giant’s overall production, emerging as a key hub for its global exports. In FY23, India’s contribution was about 7%. iPhones dominate the numbers. Of the Rs 2-lakh crore valuation, iPhones worth a market value of around Rs 1.35 lakh crore ($15 billion) were exported last fiscal year, show calculations based on official data.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Rachel Wolfson has been covering the cryptocurrency, blockchain and Web3 sector since 2017. She has written for Forbes and Cointelegraph and is the host and founder of Web3 Deep Dive podcast.

Paris Olympics 2024 is one of the biggest sporting events this year around, and there have been some amazing contest and competition this time, with some some superb medal hauls for Team USA and other countries, who are perched right on top of the Paris Olympics medal tally. This Olympics has been riddled with a lot of controversy but it has been superseded by the amount of competitive intensity that has enthralled fans and followers of the Paris Olympics 2024.

Donald Trump and Kamala Harris are in a tax policy arms race, copying and one-upping each other’s proposals in a bid to court key battleground state voting blocs ahead of a looming battle in Washington to rewrite the tax code. 

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

currency exports. It has also said that Russia has received $2.3 billion worth of dollar and euro notes since March 2022, after its army crossed the border and entered Ukraine.

clip of US President Joe Biden taking a nap at a Delaware beach has gone viral with a large number of people watching it and reacting to it online. The 46th president of the United States slept on an armchair on the Rehoboth Beach, his favorite. The camera caught him stretching his legs under an umbrella. People reacted to how Biden was taking a vacation with just a few months of presidency left. Netizens have reacted in several ways, some praising him, some expressing concerns, some ridiculing and some criticizing him, some even accused him of dereliction of duty. A user took to the social media platform X to write, «Pre-ice cream cone power nap.»

China emerged as the fastest-growing economy and became the second-biggest economy of the world after the US. But, it seems that the success story is coming to an end, at least for the time being. After registering a negative Foreign Direct Investment last year, investors have pulled a record £12bn out of China, reports 'The Telegraph'. It may prove to be a severe economic blow for the Communist Party of China-led government and President Xi Jinping.

Netflix's beloved romantic comedy series Emily in Paris. The much-anticipated Emily in Paris Season 4 is set to premiere this week, bringing with it a fresh batch of episodes that promise to reignite the charm, drama, and fashionable escapades that have made the show a global sensation. As viewers prepare to dive back into the world of Emily Cooper, the ex-pat marketing executive navigating life in the City of Light, excitement is building for what is expected to be one of the most thrilling seasons yet, as per a report by Netflix Life.

Twitter, former US President Donald Trump has returned to it. He appeared there in an interview with X boss Elon Musk at a time when his popularity has gone down severely and he has been trailing behind rival Kamala Harris is almost all opinion polls held since Joe Biden stepped aside. Recounting his assassination attempt, Trump discussed many issues, including the deportation of migrants. The interview posted on X, lasted for two hours. It was overwhelmingly friendly, but it revealed nothing new about the GOP candidate for the US Presidential Election 2024. Trump kept on talking about his recent assassination attempt, illegal immigration, and his plans to cut government regulations.

Fly Me To The Moon, will be making its digital debut on Apple TV+. Following a brief theatrical run, the film, which features Channing Tatum and Scarlett Johansson, is now available for rent or purchase on the streaming platform. The movie, a satirical take on conspiracy theories surrounding NASA’s moon landing, has sparked considerable interest and discussion.

In the name of consumer protection, a slew of U.S. federal agencies are working to make it easier for Americans to click the unsubscribe button for unwanted memberships and recurring payment services

Republican vice presidential nominee JD Vance used a round of news show appearances to disparage the Democratic ticket and promote Donald Trump’s record and second-term plans