Gap Financial News

AM/NS India expects its operating profit and cash flows to grow by 2.5 times once the first phase of its expansion is completed by 2026, and four times from the current levels after the completion of its second phase of expansion, the company said at an investor meet on Wednesday. The company, a joint venture between global steel majors ArcelorMittal and Nippon Steel, is currently generating around $2.5 billion in operating profit and $1.7 billion in cash flows. Since its acquisition in 2019, the company has generated $5.8 billion of cash, which has been used for securing the supply chain and other strategic acquisitions. AM/NS India, whose operating profit per tonne has been lower than the average of its Indian peers since 2019, also has managed to close this gap and now has a higher operating profit per tonne than the average of its peers in the first half of 2024. This was done through a turnaround plan focusing on the operations, finance, sales, procurement efficiencies and debottlenecking capacities, the company said.

Subscribe to enjoy similar stories. WASHINGTON : China’s newest nuclear-powered attack submarine sank in the spring, a major setback for one of the country’s priority weapons programs, U.S. officials said.

Subscribe to enjoy similar stories. Two decades of climate policy have delivered shockingly little impact—a negligible reduction in global emissions. A new study paints a bleaker picture: only 4% of policies—63 out of 1,500—made any substantial difference.

India faces a significant burden from increasing cases of orthopedic disorders due to an aging population, rising obesity rates, and high incidences of road accidents. This combination significantly elevates the demand for orthopedic devices, with joint replacements being particularly in demand. Against this backdrop, India’s orthopedic devices market is set to grow at a compound annual growth rate (CAGR) of around 5% through 2033, forecasts GlobalData, a data and analytics company.

Bharat Electronics Ltd. traded at Rs 289.9 on BSE at 10:40AM (IST) on Thursday, up 0.01 per cent. The stock quoted a 52-week low price of Rs 127.0 and a high of Rs 340.35. Earlier in the day, the stock saw a gap up opening.

Vedanta Ltd. rose 0.44 per cent to Rs 481.75 at 10:20AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 329,957 shares with a turnover of Rs 15.88 crore till 10:20AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.17, while the price-to-book value ratio stood at 3.29.

Insurance acts like a safety net, helping protect you and your family from unexpected situations that can cause financial stress. Whether it’s a car accident, a health emergency, damage to your home, or losing a primary earner, having the right insurance can ease your financial burden, allowing you to focus on getting back on your feet.

The Greater Toronto Area‘s (GTA) housing crisis is intensifying, with new data revealing that high municipal fees and prolonged approval processes are driving up the cost of new homes.

QS Global MBA Rankings 2025, an annual suite of rankings identifying the world's top study destinations for aspiring business leaders. IIM Bangalore (ranked 53rd) is on top of the India list, followed by IIM Ahmedabad (=60), IIM Calcutta (65th) and the Indian School of Business (=86) respectively. While IIM Bangalore has slipped from last year’s 48th spot, India has steadily been increasing its representation in the rankings by higher education analyst Quacquarelli Symond to 14 this year compared to 11 last year and nine the year before. Beyond those in the top 100, the rankings include IIM Kozhikode (151-200), IIM Indore, IIM Lucknow, IIM Udaipur, XLRI- Xavier School of Management, all in the 201-250 band; IMT Ghaziabad, IMI Delhi, IMI Kolkata, MDI Gurgaon and Somaiya Vidyavihar University in the 251+ bracket.

credit delivery, the deputy governor of the Reserve Bank of India, Swaminathan J said on Wednesday. Speaking at a conference of Lead District Managers and District Development Managers in Hubballi, Karnataka, Swaminathan said that banks need to improve usage and quality of services to promote financial inclusion. “India has made significant strides in enhancing ‘access’ to banking and financial services, reaching even the most remote areas,” Swaminathan said. “However, there is stillconsiderable ground to cover in deepening financial inclusion. This requires greater focus on promoting ‘usage’ and improving the ‘quality’ of services.”

Varun Beverages Ltd. traded at Rs 635.5 on BSE at 12:53PM (IST) on Wednesday, down 1.77 per cent from previous close. The stock quoted a 52-week low price of Rs 331.28 and a high of Rs 682.84.

BEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said.

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Subscribe to enjoy similar stories. A softening of crude oil prices is usually good news for paint companies. The industry’s margin prospects tend to get a leg-up as prices of key input chemicals titanium dioxide and crude-based monomers ease in tandem with oil prices, although the impact on earnings comes with a lag.

cryptocurrency scams. A post appeared on the ChatGPT maker's 'Newsmaker' account, advertising an OpenAI-themed crypto token called $OPENAI, directing users to a fake website. The cryptic post persuaded users that they could claim a share of its initial supply and gain uninterrupted access to upcoming beta programs. It featured a 'CLAIM $OPENAI' button that lured users to connect their cryptocurrency wallets, likely to harvest sensitive login information. “We’re very happy to announce $OPEANAI: the token bridging the gap between Al and blockchain technology,” the post said. “All OpenAI users are eligible to claim a piece of $OPENAI’s initial supply. Holding $OPENAI will grant access to all of our future beta programs.” There is no official statement from OpenAI or X yet.

Voltas Ltd. fell 1.77 per cent to Rs 1894.3 at 02:00PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 17,389 shares with a turnover of Rs 3.3 crore till 02:00PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 137.2, while the price-to-book value ratio stood at 6.27.

Godrej Consumer Products Ltd. traded at Rs 1445.5 on BSE at 01:28PM (IST) on Monday, down 1.05 per cent from previous close. The scrip quoted a 52-week low price of Rs 959.55 and a high of Rs 1541.3.

The Ministry of Labour and Employment is developing the Occupational Shortage Index (OSI) in consultation with the International Labour Organization (ILO), a government official said. This is aimed at long-term labour market planning and development of policies to facilitate employment generation, he said. «We are looking to create an index that can provide a picture of demand and supply of workers in a particular occupation in each state,» the official said.

Sony Pictures Networks India (SPNI), under its new CEO Gaurav Banerjee, is undergoing a strategic overhaul to revitalise the company, with one of the primary focuses being to revamp Sony Entertainment Television (SET), its flagship Hindi general entertainment channel (GEC), according to multiple executives familiar with the developments. SET holds only 8% of the market, trailing behind competitors like Star Plus, Colors, and Zee TV. While SET has a strong lineup of non-fiction shows such as Kaun Banega Crorepati (KBC), Shark Tank India, and MasterChef, it lacks a strong fiction show, a staple for Hindi GEC audiences. Banerjee, with over a decade of experience managing Hindi and regional entertainment channels as well as Disney+ Hotstar's entertainment portfolio, is expected to address this content gap.

Coldplay returning to India after a gap of nine years has taken the fandom by storm. While diehard fans of the rock icons are scrambling to lay their hands on the exorbitantly priced tickets, the Coldplay fandom was left devastated when several tickets resurfaced on reselling websites. Earlier, millions of fans had visited the BookMyShow website and app for three shows at the DY Patil Stadium in Mumbai for a chance at one of the 1.5 lakh seats. However, reseller websites prospered as tickets became scarce and grievances flooded social media. Since then, ticket prices have increased by 10 to 20 times on platforms like Viagogo, and many others have taken to social media to sell «extra» tickets they had already bought. This happened when millions of people were presumably waiting in line for Coldplay's announcement of a third gig in response to the ‘phenomenal’ demand.