Research Financial News

In the current market which is obsessed with hyper-growth, the principles of value investing may appear to be overlooked at times. However, individuals like Mohnish Pabrai emerge as noteworthy figures, capturing the attention of investors across the spectrum. His consistent success in achieving remarkable returns through a value-oriented approach demands admiration and sparks interest.

Indus Towers’ strong profits in the December quarter was boosted by an extra Rs 300 crore received from key customer, Vodafone Idea (Vi) as interest income on the latter’s old dues, said analysts. They added that this is reflected in a 94.5% sequential jump in Indus’ other income to nearly Rs 602 crore in the third quarter, FY24. The Rs 300 crore interest income is in addition to the Rs 300 crore directly collected from Vi by Indus towards part-clearance of past dues. “Indus’ higher net profit in Q3FY24, benefitted from higher other income, which had Rs 300 crore interest income from overdues,” ICICI Securities said in a note. Indus’s net profit grew 19% sequentially in the December quarter to Rs 1,541 crore. As per Citi Research, after the latest payments, Vi’s old dues to Indus is now at Rs 5,700 crore.

Hindenburg Research handcrafted a multi-billion dollar shock with a 106-page report published online, business tycoon Gautam Adani on Thursday said his bat did the talking in the aftermath of the shortseller's attack.

Stock market today: Vedanta shares have opened with marginal gains during the early morning session on Thursday. Ahead of the announcement of Vedanta Q3 results today, the market is expecting improvement in EBITDA on rising commodity prices.

Canadian cybersecurity researchers are voicing concern and urging people to be vigilant after reports that a staggering 26 billion records have been exposed in a “supermassive leak.”

The Friction Project: How Smart Leaders Make the Right Things Easier and the Wrong Things Harder." Yet in the course of our research, we also learned that the opposite lesson is just as important: The best bosses don’t strive to build entirely frictionless organizations. Instead, they know when and how to help their charges to slow down. In effect, they know what every race-car driver knows: If you want to win, tapping the brakes at the right times is as important as pushing the pedal to the metal.

Want to take exposure to a sector which grows much faster than GDP

regulatory sandbox for the “functional security and validation” of Internet-of-Things (IoT) devices and work towards developing an “indigenous security ecosystem” for the cybersecurity of such devices. Additionally, it is also likely to push for the development of “indigenous tools for protecting and securing mobile apps”. For IoT devices, the IT ministry will also work with working groups to continuously update policies regarding the security of such devices.

companies surged on Wednesday as China's move to prop up its economy is seen boosting demand and prices of metals, but experts remain skeptical of this rally sustaining till there are definitive signs of stronger growth in the world's second-largest economy.

CSX's fourth-quarter profit slipped 13%, but the railroad reported hauled slightly more freight and kept its trains running smoothly

There is global consensus that the Fourth Industrial Revolution has ushered in a new era. At discussions of the World Economic Forum, Davos, most focused on artificial intelligence (AI) and supply chain disruptions. At the heart of these discussions are three critical transitions: the AI and machine learning (ML) revolution, green energy transition and supply chain diversification.

New Delhi: A single-dose human papillomavirus vaccination (HPV), especially given to adolescent girls in the age group of 10-14 years, can help prevent cervical cancer, says a new study published in the journal Human Vaccines and Immunotherapeutics. The study, conducted at hospitals across India, found that 10 years after vaccination, a high proportion of single- dose recipients still had antibody titers against HPV types 16 and 18 with the proportion being slightly higher among 10-14-year-olds than those aged 15-18.

Research-based incentives to develop innovative drugs can help the domestic pharmaceutical sector to be worth USD 200 billion by 2030, Biocon Executive Chairperson Kiran Mazumdar-Shaw said on Wednesday. Terming the pharmaceutical sector as a great contributor in the country's economic growth, she noted that the industry has even greater potential to grow in the years to come. «India's pharma industry size is estimated at about USD 65 billion today.

he Daily Guardian. “But even after all these years of drinking tea and researching chemistry, I learned new things about what is in my cup and how to make the very best cup of tea," she further added.

Also Read: A ₹2 trillion cheque is getting ready for the agriculture ministry This budget typically outlines estimates for revenue, expenditure, financial performance, fiscal deficit, and projections. Industry expects believe that anticipations are high that the government will increase welfare spending and potentially aim to decrease the fiscal deficit to 4.5 per cent of the gross domestic product (GDP) by FY26.

Ram Temple in Ayodhya to offer prayers to Ram Lalla, Prime Minister Narendra Modi has urged Union Ministers to delay their visits to the temple to avoid VIP and VVIP-related inconvenience to the devotees. While heading a meeting of the Union Cabinet on Wednesday, PM Modi expressed concern over the heavy rush of devotees and the inconvenience caused to the public by VVIP and VIP visits to the temple town along with elaborate security details, government sources told ANI.

The annuities business is on a tear, seeing higher sales than it has ever experienced for the second year in a row in 2023.

Kotak Securities introduced the Trade Free Pro plan designed for traders using its Kotak NEO and Kotak Stock Trader platforms. This comprehensive subscription plan includes the Pay Later feature, also known as Margin Trading Facility (MTF), with an annual interest rate of 9.75%.

NITI Aayog, Ministry of Agriculture and Farmers' Welfare (MoA&FW), and Food and Agriculture Organization (FAO) of the United Nations on Wednesday jointly launched the 'Investment Forum for Advancing Climate Resilient Agrifood Systems in India', an official statement said. The initiative aims to develop an investment and partnership to advance climate-resilient agrifood systems among the government, private sectors, and farmers' organisations, and financial institutions in India, it said.

Indian Oil Corporation (IOC) on Wednesday reported a massive jump in its third quarter net profit as compared to the year-ago period when it was financially struggling as input raw material crude oil prices spiked but retail finished product prices remained on freeze. Standalone net profit of ₹8,063.39 crore in October-December 2023-24 was higher than ₹448.01 crore profit in the same period a year ago but lower than ₹12,967.32 crore earnings in the preceding three months ended September 30, 2023, according to a stock exchange filing by the company. The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high in 2022-23.