Trade Financial News

Logitech International's new CEO on Tuesday said the company would work to return to growth as it forecast annual sales would decline less than previously anticipated and reported third-quarter revenue that beat expectations. The maker of computer mice, keyboards, and webcams has been dealing with customers wrestling with inflation, and uncertainty among businesses about how to equip their offices as they move to hybrid working.

French healthcare company Sanofi has agreed to buy the drug development project INBRX-101 from its parent company Inhibrx Inc for around $2.2 billion in a bid to boost its rare disease business. The two companies said in a joint statement on Tuesday that Inhibrx shareholders will get $30 per share in cash, one contingent value right (CVR) equal to $5, and 0.25 shares in New Inhibrx, a new publicly traded company that holds the takeover target's assets that are not related to INBRX-101.

Sensex fell over 1,000 points to give up the 71,000 level, while the Nifty also cracked over 1% to trade below the 21,400 mark. The sell-off was deeper in the broader market with mid and smallcap indices slipping 1.5-2%. In the process, Dalal Street investors lost about Rs 5 lakh crore as the market capitalisation of all BSE-listed stocks fell to Rs 369.5 lakh crore.

Himanshu Bajaj as managing director and country co-leader, alongside managing director Vikram Utamsingh. A company statement said Bajaj’s joining advances A&M India’s strategic capabilities and talent expansion, and helps further opportunities for clients to capitalise on the market’s continued projected growth. Bajaj, who has more than two decades of consulting and business experience, has worked in several industries at the strategic and operational level. He has led multiple engagements including operational transformations and end-to-end value enhancements, along with sales and marketing optimisation strategies, such as go-to-market and trade efficiency improvements. He advises clients across verticals on driving large-scale business transformations through accelerating business growth and enhancing profitability. “Himanshu’s appointment demonstrates the firm’s continued commitment to investing in people, achieving scale and positioning for growth in support of clients in India and around the world,” said A&M CEO Bryan Marsal.

Zee Entertainment Enterprises Ltd. traded at Rs 166.25 on BSE at 02:10PM (IST) on Tuesday, down 28.26 per cent from previous close.

In the In the dynamic world of cryptocurrency, Bitcoin’s price prediction remains a topic of keen interest. As of recent observations, Bitcoin is trading around $40,104, marking a decrease of 2.80%. This movement comes amidst significant events in the crypto space, including the involvement of major ETFs like Blackrock and Fidelity in Bitcoin accumulation, holding nearly $2.6 billion in BTC.

here As the market sentiment appears cautious, experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 9 stocks that one can consider buying for the next three to four weeks. Take a look: For the last two years or so, this stock has been rejected six times from the ₹1,725–1,750 zone and is currently placed near the ₹1,535 mark.

Rep. Maxine Waters has expressed significant concerns over Meta’s continued involvement in the digital asset sector.

Despite facing hurdles, bitcoin’s price could rebound and potentially soar to $60,000 this year, per CoinShares’ analysis.

recycling industry in India is undergoing a notable shift, aligning with the nation's sustainability and renewable practices to lower its carbon footprint. As the country aspires to be the world's third-largest economy by 2030, recycling offers a path to balanced growth with significant environmental benefits. India produces about 55 million tonnes of Municipal Solid Waste (MSW) yearly, expected to rise to 125 million tonnes by 2031.

₹460 apiece on NSE. On BSE, Medi Assist shares began trading at ₹465 apiece, up 11.24% than the IPO price of ₹418. After a decent listing, Medi Assist Healthcare shares made a high of ₹509.60 apiece.

Persistent Systems, a global services and solutions company, spiked sharply in today's trade after delivering impressive performance for the December-ending quarter (Q3 FY24). The company on Saturday (January 20) released its Q3 FY24 performance post-market hours, reporting an 8.7% QoQ and 20.2% YoY jump in its consolidated net profit to ₹286 crore. In the same period last year and in the preceding quarter (Q2FY24), the company posted a net profit of ₹238 crore and ₹263 crore, respectively.

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

DLF Ltd. traded 1.57 per cent down at Rs 763.65 on Tuesday at around 11:22AM (IST), while the benchmark BSE Sensex declined 73.26 points to 71350.39.

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

Varun Beverages Ltd. fell 0.19 per cent to Rs 1256.6 at 11:16AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

ICICI Lombard General Insurance Company Ltd. gained 1.39 per cent to Rs 1495.0 in Tuesday's session as of 11:11AM (IST) even as the equity benchmark Sensex traded 28.43 points lower at 71395.22.

Kotak Mahindra Bank share price gained up to 1% in morning trades on the BSE on Monday post Q3 Results over the weekend. Even though net profit missed estimates of some analysts, the same was due to one-offs. Kotak Mahindra Bank (KMB) reported standalone net profit growth of 7.6% YoY to ₹3005.

Also Read: India overtakes Hong Kong as world’s fourth-largest stock market by market capitalisation However, he advises investors to remember that sentimental impact cannot last long. “Tensions in West Asia and the Red Sea are areas of serious concern. If something goes wrong, the market will be impacted since valuations are high.

₹61,964 per 10 grams. Also Read: Gold lags Nifty 50 in last 6 months; what's the future outlook for bullion? Here's what experts say While geopolitical tensions continue to provide some support to precious metals, incoming macro numbers and rate-cut talks may keep them volatile. According to Reuters, the US flash PMI report on Wednesday, fourth-quarter advance GDP estimates due on Thursday and personal consumption expenditures data on Friday, before the Fed's next meeting on January 30-31, will be on investors' radar.

BENGALURU (Reuters) -Zee Entertainment's shares (NS:ZEE) plunged 10% on Tuesday, set for their biggest one-day slide since April 2021, after Sony (NYSE:SONY) India scrapped a $10 billion merger with the Indian broadcaster, raising concerns about its survival in an increasingly competitive industry.