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Alkem Laboratories on Wednesday posted a 11% year-on-year (y-o-y) jump in net profit to Rs 689 crore in Q2FY25 led by growth in domestic formulation sales. The company reported Rs 620.5 crore in the corresponding quarter of the previous year.

bankruptcy courts, a report said on Wednesday. In over 71 per cent of the cases, the 270-day timeline is getting exceeded, the report by rating agency Icra said, adding that this is resulting in a higher number of liquidation orders as the elongated process erodes value. "'Lenders continue to face steep haircuts or reduction in loan amounts of nearly 72 per cent in Q2 FY2025 as the overall resolution process continues to face material delays emerging from litigations from either promoters or dissenting creditors," the agency's group head for structured finance ratings Abhishek Dafria said. He added that 71 per cent of the ongoing corporate insolvency resolution processes (CIRPs) had exceeded 270 days, post-admission by the NCLT.

Deutsche Bank CEO Christian Sewing may think Germans need to work a bit harder, but German workers' recalcitrance has its benefits. Following complaints in Germany about Deutsche's February «back to the office» push, Deutsche Bank people everywhere are being granted a semi-reprieve. 

John Curtice, the 32-year-old macro trader who joined hedge fund Millennium earlier this year on a package allegedly worth $50m has left again. Bloomberg reports that his apparently inadvertent exit followed a ‘net low single digit loss,’ and claims that Curtice exceeded guidance on his risk limits. However, Bloomberg also says that Curtice’s trades didn’t hit a limit that would actually trigger a stock loss. Instead, the fund is said to have had multiple ‘discussions’ about risk limits with him before he left. 

Financial services hiring is perking up everywhere, but in Hong Kong it's looking particularly sprightly. Bloomberg reported yesterday that professionals licensed with the Hong Kong Securities and Futures Commission (SFC) increased at the fastest rate ever in the past four months.  One of those hires was at Goldman Sachs, which has just relocated a London-based MD from a rival bank who previously spent the bulk of his career in Hong Kong.

As we roll towards the allocation and payment of end of year bonuses, another bank has been cutting the sorts of people who might usually expect big ones. This time, it's Deutsche Bank.

Apple is planning on launching a wall-mounted display that can control appliances, handle video conferencing and use artificial intelligence to navigate apps, Bloomberg News reported on Tuesday, citing people with knowledge of the effort. The product, code-named J490, could be announced as early as March, the report said, adding that it will spotlight the new AI platform, Apple Intelligence. Apple did not immediately respond to a Reuters request for comment.

Subscribe to enjoy similar stories. The alchemy of the venture capital process, in which investments are catalyzed over a number of years into a successful IPO or a big M&A deal, is under pressure. Investors are demanding to extract returns from VC firms and startups even though the IPO market is still in a state of recovery, reflecting lingering economic anxieties and other factors.

Subscribe to enjoy similar stories. New Delhi: IAS coaching institutes will face closure and licence cancellation if found violating new guidelines on misleading ads released on Wednesday. The Guidelines for Prevention of Misleading Advertisement in Coaching Sector, 2024, hold coaching centres accountable for false claims regarding course duration, which may mislead students into believing they can complete a programme within an unrealistically short timeframe.

As per data released by industry body Society of Indian Automobile Manufacturers (SIAM), as many as 393,238 vehicles were dispatched from factories to dealerships, compared to 389,714 units sold in the corresponding period of the last financial year.

Several international airlines have canceled flights to and from Indonesia’s tourist island of Bali because of an ongoing volcanic eruption

Japan’s nuclear watchdog has formally disqualified a reactor in the country’s north-central region from starting

A company says two employees have died following an explosion at a Louisville, Kentucky, factory that caused a partial collapse of the building and blew out windows in nearby homes and businesses

Louisiana’s GOP-dominated House of Representatives has overwhelmingly passed individual and corporate tax cuts, along with a constitutional amendment

video game or informing a potential buyer about your laptop’s specs when selling it. But how do you check which graphics card you have, and what type it is? Let us answer these questions now. Read on.Also Read: iOS 18.2 to bring Visual Intelligence for iPhone users: 5 ways to use itStep 1: Go to Settings and then select System.

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Swiggy made a muted debut by listing at a small premium of 8% over its issue price. After listing, Swiggy shares jumped 9% to Rs 449 on BSE, with its market capitalization crossing the Rs 1 lakh crore mark. The issue, which opened on November 6, was subscribed 3.6 times the shares on offer driven by institutional investors on the third and final day. Retail investors subscribed to their portion 1.14 times while the portion reserved for employees saw 1.65x bidding. Non-institutional investors, which include corporates and high net worth individuals (HNIs), bid for only 41% of the shares reserved for them. Analysts had anticipated Swiggy's muted debut on the bourses as weakness in the broader market dampened appetite among individual investors for newly-listed companies. The grey market premium — the price in the unofficial market that investors pay for the unlisted shares before listing — was at Rs 2 for Swiggy on Tuesday, a 0.5% premium to the upper price band of Rs 390.

Naoki Hyakuta is facing severe backlash after making a controversial comment suggesting that women might need to «remove their uteruses» after 30 and help reverse the declining birthrate in Japan. Naoki Hyakuta, Japan's Conservative Party leader made the bizarre claim in a YouTube video where he discussed measures to increase the country's birthrate as part of a broader discussion on the challenges Japan faces due to its ageing population. According to a report in the South China Morning Post, the leader of the Japanese Conservative Party also said the solution to the nation’s population crisis would be to ban women from getting married after the age of 25. He did not stop there.

Subscribe to enjoy similar stories. The days are getting colder in Europe. Perhaps a black, white, tan and red down jacket will keep Burberry investors warm.

Aqua Tofana Great Again' movement is gaining traction in the United States after Donald Trump's victory in the recently-concluded Presidential Elections. Some women frustrated by Donald Trump's return to the Oval Office are using a centuries-old metaphor about women poisoning their husbands to channel their disappointment, causing a stir online.