Research Financial News

New weight loss drugs are reshaping a dieting industry built on eating less and exercising more

Union Pacific's first-quarter profit crept 1% higher and topped Wall Street expectations as the railroad tightened up on expenses even though it delivered slightly less freight

Melvin Vospon, a scientist from Portsmouth has sent the world reeling upon claiming to have some surprising evidence that human lives are actually in a simulation just like The Matrix movie. He claims that the universe is an adaptation and inspiration from the 1999 movie and refers to the universe around us as a digital copy and not an actual scenario. The scientist has previously, too, referred to various science fiction scenarios and related them to the current human culture. Vospon also claims that he is among the rare few who have thought about this concept.

Disney Star, the official broadcaster of the Indian Premier League (IPL), has achieved a cumulative reach of 47.5 crore viewers for the 34 matches of the tournament. As per Broadcast Audience Research Council (BARC) data shared by the broadcaster, the 34 matches have witnessed 24,500 crore minutes of total watch time, a growth of 18% in consumption compared to the previous edition. IPL has also recorded a growth of 5% in TV reach for live broadcasts compared to the previous highest recorded in 2019. The television rating (TVR) has also grown by 19%.

The rupee closed at 83.3150 against the U.S. dollar, barely changed from its close of 83.3225 in the previous session.

Rahul Sharma, Director & Head — Technical & Derivatives Research, JM Financial Services, says “there are two PSU stocks which we are very confident on. One is from the PSU banking space. The Bank of Baroda looks pretty strong at these levels. We feel there is a strong case for a target of Rs 285-295 on the upside, the PSU banking index has turned around, so can be bought with a stop loss of Rs 251. Another stock which looks good on the power side, Power Finance Corporation (PFC). The stock has been quiet for many weeks now and we feel the time is right for the stock to give an up move, so can be bought with a stop loss of Rs 394 and an initial target of Rs 425.” Today’s the day of the monthly expiry. Should we brace ourselves for a 3 pm move? Rahul Sharma: Yes, it has been quite a subdued one so far. But the good thing is the mid-month crash got over last week. Post that, we have seen a very smart recovery. Now, we are heading on to the main series, which has historically been a very positive month out of like 10 times Nifty has been in the green 7 times in the last decade and at the same time we have also seen ultra-low levels on the India VIX which is suggesting that the option participants are not fearful of like a big down move at this point in time.

Top 5 investments that can make you rich: Becoming wealthy often requires a combination of financial discipline, smart investing, and patience. Investing in the stock market, either directly or through mutual funds or ETFs, can yield significant returns over time. Real estate, whether through rental properties or REITs, provides rental income and long-term appreciation.

Stock market today: After the gapdown opening in the early morning session on Thursday, the Indian stock market witnessed a strong rebound after intensified buying in the PSU segment. Shares of State Bank of India (SBI) also witnessed buying interest among Dalal Street bulls.

companies making exaggerated claims about their wellness products. These are indeed welcome developments. The Patanjali order involves a case between the Indian Medical Association (IMA) and the Union of India where the former alleged that Ramdev had made statements labelling allopathy as “stupid and bankrupt science".

₹1,451 crore in the quarter. Ebitda margin came in at 3.9%, down more than 100 basis points yoy but up 20 basis points sequentially. However, uncertainty around the path to profitability for its B2B express business has clouded the company’s medium-term outlook and continues to be a drag on overall profitability.

Syngene International share price have remained volatile in the recent past. The concerns on challenging funding conditions for US biotech that led to decreased demand for R&D services have addded to the volatility in Biocon Research arm Syngene International share prices. Jonathan Hunt, Managing Director and Chief Executive Officer, Syngene International Limited, said, “While the fourth quarter performance came in lower than expected, the underlying driver -reduced demand for research and development services within US biotech stemming from a difficult funding environment - is well understood and already showing positive signs of recovery" Syngene International saw reported revenue from operations for the fourth quarter decline 8% year-on-year to Rs.

core inflation is higher than that of food inflation and the response of core inflation to fuel price shock becomes significant and large during global uncertainties, said a research paper by RBI economists. Food inflation is better anchored since the central bank moved to flexible inflation targeting as its policy goal, the paper said. The paper assessed the degree and duration of the potential second-round effects of food and fuel price shocks on headline inflation. " Our analysis suggests that headline inflation reverts to core inflation and not vice versa. While there has been a decline in the volatility of fuel inflation, its impact on core inflation has turned significant of late" said Harendra Kumar Behera and Abhishek Ranjan from the Reserve Bank's department of Economic and Policy Research. The views are however those of the authors. The article tried to estimate the impact of food and fuel inflation shocks on core inflation to assess second-round effects as it helps to assess whether monetary policy should react to temporary supply shocks. The response of core inflation to food inflation shock is found to be the highest during the 2nd to 3rd quarter and starts dampening thereafter.

BENGALURU : Two years after the Zomato- and Temasek-backed Shiprocket gained its unicorn status, the logistics startup has embarked on a tried-and-tested route to accelerate growth—through acquisitions. Shiprocket is scouring for companies specialising in marketing and advertising tools, conversion and data platforms, customer experience enhancements, capital and lending services, and cross-border enablement, said co-founder and chief executive Saahil Goel in an interview with Mint. Goel declined to disclose the company's current cash reserves.

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.

Hero MotoCorp shares to ‘Buy’ from ‘Reduce’ earlier. The brokerage raised Hero MotoCorp share price target to ₹5,100 from ₹4,800 earlier.

Q4 results 2024: Ahead of the announcement of Vedanta Q4 results today, the Indian metal major Vedanta shares witnessed selling pressure in early morning deals. Vedanta share price today opened downside at ₹380 apiece on NSE and went on to touch an intraday low of ₹377.10 per share, recording around 1.65 percent intraday loss during Thursday deals.

₹4655.05 against its previous close of ₹4732.55 and fell about 2.8 per cent to the level of ₹4,599.05. Around 11:15 am, LTIMindtree share price traded 2.76 per cent lower at ₹4,602 apiece. Equity benchmark Sensex was 0.15 per cent up at 73,966.45 at that time.

₹ ₹1,658.75 apiece on the BSE. RBI on Wednesday directed Kotak Mahindra Bank to cease onboarding new customers through its online and mobile banking channels and issuing fresh credit cards with immediate effect. The central bank has barred the private sector lender from new issuances due to deficiencies in the bank’s IT system in 2022 and 2023.

Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research firm IDC showed on Thursday. Honor and Huawei were tied for the top spot, with Honor's market share rising to 17.1% and Huawei's share climbing to 17%, IDC said, while the iPhone maker's market share fell to 15.6%.

American credit ratings firm S&P Global said that a change in rules under the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence.

Mint spoke with said the contribution of automotive firms to revenue from manufacturing or engineering, research and development (ER&D) services of IT companies is now 25-35% compared to 15-20% four years ago. (IT companies do not divulge automotive numbers separately, apart from clubbing them under manufacturing or ER&D heads.) Automotive clients comprise at least 10% of the global ER&D market, which is worth $1.8 trillion, said Kumar Rakesh, India analyst for IT and automotive sectors at financial services firm, BNP Paribas.