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Also Read: Bitcoin hits 13-month high, trading at $31,500 “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher," Geoff Kendrick at Standard Chartered wrote. In April, Standard Chartered forecast that Bitcoin could reach $100,000 per coin by the end of next year.

" To some extent, though, it should not come as a surprise if you have been looking at last six months' data. So, the PPI number has been negative for at least three or four months now and this is just confirming things that we have discussed in the past," says Manish Singh, Crossbridge Capital.

Sun Pharmaceutical Industries: The brokerage anticipates that domestic formulations will remain weak (+8% YoY) due to the impact of the NPPA, the patent expiration of two significant goods licenced from Merck, and the seasonal weakness for acute medications. "We expect overall EBITDA margins at about 24% (-100bps YoY) impacted partly by Halol remediation cost, consolidation of Concert’s cost and cost inflation. US revenue (~USD440mn), +2% QoQ in cc mainly on account uptick in specialty business and gRevlimid (+4% QoQ excluding licensing income in Q4).

Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin «miners» to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back in April on the view the so-called «crypto winter» was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% «upside» to that call. «Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,» Kendrick said in a report. Bitcoin's price has leapt 80% since the start of the year but its current level of just over $30,200 is still less than half the $69,000 it peaked back in November 2021.

Investing.com-- Gold prices moved little in Asian trade on Tuesday as investors awaited more cues on U.S. monetary policy and inflation this week, while copper ticked higher amid bets on more government spending in major importer China.

American Action Forum President Doug Holtz-Eakin and Thru the Cycle President John Lonski join «The Evening Edit» to discuss the Fed raising interest rates for the 10th straight time.

Growth in consulting work is slowing as high inflation causes clients to cut costs at the same time the PwC tax leak scandal fuels a reputation crisis in the industry and the federal government tightens up on public sector work.

" So, I want to understand the impact of cost of capital on your portfolio from here on. We have seen very sharp interest rate hikes in US where you have bulk of your overseas portfolio in the last 18-20 months," says Raunak Onkar, PPFAS MFI was looking at your fund breakup. You have 65% in Indian equity, 35% outside of India, so which part is more richly valued and which part is more attractively valued right now — global equities or Indian equities? I just like to make one correction, at the moment we do not have 35% invested, that is the maximum limit for foreign investments.

«Somewhere I think the first two quarters might see some slowness come through but a roaring comeback can be expected in Titan in the second half itself,» says Mayuresh Joshi, William O Neil India.Let us begin with Titan itself, it has been a very steady performer, steady wealth compounder over many many years, do you expect this one to be a slow year for Titan going forward? It might be the case but looking at the update that most gold and jewellery companies have given including the likes of Titan and Kalyan, I think the numbers still seem to be sustaining, at least as far as Quarter one or the first half is concerned. The wedding season coincides in the second half itself.

Unicommerce showed.This does not include smartphones, where, according to several ecommerce executives and research firms like Counterpoint, the growth is being led by premium devices. Demand continues to be soft for mass-market phones. The 24% quarterly growth follows a slower-than-expected 16% growth in the January to March quarter, as reported by ET in May.

Spain's Navantia and Larsen & Toubro on Monday signed a Teaming Agreement (TA) in the premises of the Spanish Embassy here, with the purpose of submission of a techno-commercial bid for the Indian Navy's prestigious P75 (India) submarine program. The agreement was signed in the presence of SN Subrahmanyan, L&T CEO & MD and Augustin Alvarez Blanco, Naval Construction Vice President, and Member of the Board- Navantia. Larsen & Toubro and Navantia, Spain signed a Teaming Agreement (TA) for the purpose of submission of a techno-commercial bid for the Indian Navy’s prestigious P75 (India) submarine program.

As defense budgets increase across Europe, capitals across the continent face a difficult choice: whether to spend the money on weapons developed at home or continue buying American. Last year, defense expenditure in Europe rose 13% to $345 billion, the fastest rate since the end of the Cold War, according to the Stockholm International Peace Research Institute, a think tank known as Sipri. Much of the spending, however, goes to U.S.

Visitors to Disney theme parks this summer are encountering something they haven’t seen in a while: elbow room. Travel analysts and advisers say traffic to Disney’s U.S. parks, and some rival parks, has slowed this summer.

BENGALURU / NEW DELHI : NatWest Group Plc., a Scotland-headquartered banking and insurance holding company, has two engineering hubs, in Poland and India. They house about one-third of NatWest’s global employees. While half of the company’s India workforce works on technology and data analytics, it is also increasing its focus on artificial intelligence (AI) and generative AI applications.

Reliance Industries (RIL) shares on Monday after the oil-to-telecom conglomerate announced July 20 as the record date to demerge its financial services vertical, Jio Financial Services (JFS), as part of a value unlocking exercise. The stock jumped as much as 4.65% — its biggest single day gain in over three months — to a 52-week high of ₹2,756 in Monday's trading. RIL shares closed at ₹2,735.25 apiece, up 3.86% from the previous close.

Vedanta and Foxconn terminated their joint venture to make semiconductors in India by “mutual agreement” to “explore more diverse development opportunities,” the Taiwanese component maker said Monday. Hon Hai Technology Group (Foxconn) and Anil Agarwal-led Vedanta had announced their joint venture to manufacture chips and display panels in India in February 2022, making it one of the first few participants in the government’s strategically crucial India Semiconductor Mission. Vedanta said Monday it had “lined up other partners to set up India’s first (chip) foundry”.

Manufacturers called for baseload coal power stations to be kept running longer to keep electricity supply secure as the pace of the energy transition needed to meet 2030 climate targets falls far behind.

Rio Tinto chairman Dominic Barton says the mining giant is committed to building its footprint in Mongolia, even as capital gets more expensive, and intense competition fuels high prices in the critical minerals mergers and acquisitions space.

By Ann Saphir and Michael S. Derby

climate finance. The third G20 sherpa meeting in Hampi, Karnataka over July 13-16 will discuss the contours of the draft declaration for the Leaders' Summit, said a person familiar with the development. Prime Minister Narendra Modi had detailed the key priorities for India's G20 presidency, and the effort would be to ensure deliverables in these areas, the person said.

Mark calendars for April 26-28, 2024, as the Stagecoach country music festival makes its highly anticipated return to the Empire Polo Club in Indio. Stagecoach 2024: What are th