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For instance, a similar company in the industry, W.P. Carey Inc. NYSE WPC , has shown a 22.15 revenue growth in the last twelve months as of Q3 2023, and it has maintained dividend payments for 26 consecutive years, a testament to its financial resilience and commitment to shareholder returns. With access to InvestingPro, investors can explore a wealth of financial metrics and expert insights, including 7 additional tips for W.P. Carey Inc., helping them make more informed decisions in the dynamic market landscape. Additionally, W.P. Carey Inc. has a P E ratio of 18.33, indicating its shares might be trading at a reasonable price relative to its earnings.
W.P. Carey Inc. (NYSE: WPC) has experienced a 22.15% revenue growth in the last twelve months as of Q3 2023 and has maintained dividend payments for 26 consecutive years, indicating financial resilience and commitment to shareholder returns. Its P/E ratio of 18.33 suggests that its shares may be trading at a reasonable price relative to its earnings.
The company's promoter Creditaccess India BV may sell up to 5.8 per cent stake worth Rs 1,107 crore in the company via block deal today, reported CNBC TV-18.The firm's promoters & shareholders will likely sell 24.2 per cent stake worth Rs 800 crore in the company via another block deal, as per CNBC TV-18.
Creditaccess India BV, the promoter of the company, may sell up to 5.8% stake worth Rs 1,107 crore via block deal today. The firm's promoters and shareholders will likely sell 24.2% stake worth Rs 800 crore in the company via another block deal.
Adani and Shinde met at the Maharashtra Pavilion set up in Davos and held discussions over infrastructure investment opportunities and further collaboration for the state. The MoU was inked in presence of Adani Group Founder & Chairman Gautam Adani and Chief Minister Eknath Shinde at the ongoing World Economic Forum, Davos.
Adani Group and Maharashtra government signed an MoU for infrastructure investment opportunities and collaboration in the state, during the World Economic Forum in Davos.
New Delhi, Jan 2 IANS Vodafone Idea NS VODA on Tuesday denied reports that it is in talks with Tesla NASDAQ TSLA and SpaceX CEO Elon Musk for managing its affordable satellite-based Internet service Starlink in India. Meanwhile, Vodafone Idea is geared up to make significant investments to roll out 5G networks and further expand 4G coverage in India.
Vodafone Idea denies talks with Elon Musk for Starlink management in India, focusing on 5G and 4G expansion.
NEW YORK - ETAO International Co. Ltd., a company focused on digital healthcare, has been notified by the Nasdaq Stock Market of non-compliance with its listing rules due to a delay in filing its interim financial statements for the period ended June 30, 2023.
ETAO International Co. Ltd. has been notified by Nasdaq of non-compliance with its listing rules due to a delay in filing its interim financial statements for the period ended June 30, 2023.
Impendi's track record includes working with leaders in various industries, including financial and professional services, manufacturing, consumer goods, and technology.
Impendi has a proven track record of collaborating with leaders in diverse industries, including financial services, manufacturing, consumer goods, and technology.
The solution supports a variety of contactless payment methods, such as payment cards and mobile wallets like Apple NASDAQ AAPL Pay, Google NASDAQ GOOGL Pay, and Samsung KS 005930 Pay.
The solution supports various contactless payment methods, including payment cards and mobile wallets like Apple Pay, Google Pay, and Samsung Pay.
Rolls-Royce also has a joint venture with HAL that is today a top-tier supplier for the company, manufacturing over 160 parts for various civil aerospace engines. This includes a strong supply chain partnership with Tata Advanced Systems Limited TASL for manufacturing around 300 parts for the Trent XWB engine, as well as several high-precision components for other Rolls-Royce civil aerospace engines, in India.
Rolls-Royce and HAL's joint venture manufactures over 160 parts for civil aerospace engines, including 300 parts for the Trent XWB engine through a partnership with Tata Advanced Systems Limited (TASL).
Tiamat, established in 2017 and a spin-off from France's CNRS Centre National de la Recherche Scientifique , focuses on the development and commercialization of sodium-ion batteries, an alternative to lithium-ion batteries.
Tiamat, a spin-off from CNRS, was founded in 2017 to commercialize sodium-ion batteries as an alternative to lithium-ion batteries.
The project will pave the way for launching innovative AI projects in the state and will be the first of its kind for India, said officials.
India's first AI project will be launched in the state, paving the way for innovative AI projects.
Lantheus, headquartered in Massachusetts with a global presence, has been a longstanding provider of radiopharmaceutical solutions for over 65 years. Revenue from PYLARIFY, a key product for Lantheus, is anticipated to be in the range of $851 to $853 million, a substantial jump of 61-62 from the prior year's $527.4 million, pending final partner reconciliation. This report is based on a press release statement from Lantheus Holdings, Inc.This article was generated with the support of AI and reviewed by an editor. Excluding this one-time milestone, the company's year-over-year revenue growth is still a robust 37 .Mary Anne Heino, CEO of Lantheus, expressed confidence in the company's performance, attributing the success to the dedication of the Lantheus team and their efforts in advancing the radiopharmaceutical field. BEDFORD, Mass. - Lantheus NASDAQ LNTH Holdings, Inc. NASDAQ LNTH , a leader in the radiopharmaceutical industry, has reported preliminary unaudited financial results for its fiscal year ended December 31, 2023, indicating significant revenue growth.
Lantheus Holdings, Inc. reported preliminary unaudited financial results for its fiscal year ended December 31, 2023, indicating significant revenue growth. Revenue from PYLARIFY, a key product for Lantheus, is anticipated to be in the range of $851 to $853 million, a substantial jump of 61-62% from the prior year's $527.4 million.
The company has received tentative approval from the United States Food and Drug Administration US FDA for Tolvaptan Tablets, 15 mg, 30 mg, 45 mg, 60 mg, and 90 mg.
The US FDA has granted tentative approval for Tolvaptan Tablets in various strengths (15 mg, 30 mg, 45 mg, 60 mg, and 90 mg).
Covestro's approach to circularity includes the use of alternative raw materials and renewable energy, alongside innovative recycling.
Covestro promotes circularity through alternative raw materials, renewable energy, and innovative recycling.
Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks.
Crude oil prices surged 2% to $79 per barrel after the US and UK launched airstrikes on Houthi targets in Yemen in retaliation for attacks on the Red Sea.
The Springfield manufacturing facility encountered specific issues that led to further costs and supply chain disruptions.
Springfield's manufacturing facility faced issues resulting in additional costs and supply chain disruptions.
In collaboration with Google NASDAQ GOOGL Cloud, Ginkgo is developing AI models that incorporate its proprietary metagenomics data, which could form the basis for additional pharmaceutical partnerships in 2024.This news is based on a press release statement from Ginkgo Bioworks.
Ginkgo Bioworks is collaborating with Google Cloud to develop AI models using Ginkgo's metagenomics data, potentially leading to new pharmaceutical partnerships in 2024.
Shares of textiles including garments & apparels were in demand and trading higher by up to 13 per cent on the BSE in Wednesday's intra-day trade on the back of heavy volumes as the industry is on the path to recovery and the management is optimistic about the future.
Textile stocks surged up to 13% on the BSE due to industry recovery and optimistic management outlook.
Hang Seng, meanwhile, shed 1.65 per cent.
Hang Seng Index declined by 1.65%, contributing to the overall market downturn.
Anant Raj, Anupam Rasayan India, Aptus Value Housing Finance India, Adani Total Gas, Bikaji Foods International, Cholamandalam Investment and Finance, Dalmia Bharat Sugar and Industries, Deep Industries, Elantas Beck India, Escorts Kubota, Gujarat Mineral Development Corp, Godrej Agrovet, Harsha Engineers International, Kirloskar Brothers, K.P.R. Mill, Maharashtra Seamless, Metro Brands, MPS, Orient Cement, Paushak, PVR Inox, Redington, Sansera Engineering, Syrma SGS Technology, Savita Oil Technologies, Thermax, Thyrocare Technologies, Triveni Turbine, Ugro Capital, Welspun Enterprises.
This text contains a list of 32 Indian companies from various sectors, including finance, manufacturing, and consumer goods.
HOUSTON - Occidental NYSE NYSE OXY , an international energy company, announced it will release its fourth quarter financial results for 2023 after the market closes on February 14, 2024. Additionally, Occidental's chemical subsidiary, OxyChem, produces essential chemicals for various life-enhancing products. This announcement is based on a press release statement from Occidental. Occidental has a significant presence in the oil and gas industry, being one of the largest producers in the United States, particularly in the Permian and DJ basins, as well as the offshore Gulf of Mexico. Occidental has indicated that the financial results will be accessible on the Investor Relations section of their website, and a recording of the webcast will be posted shortly after the call concludes.
Occidental Petroleum (OXY) will release its Q4 2023 financial results on February 14, 2024, after market close. The results will be available on the company's website and a webcast recording will be posted after the call.
at Kavesar, Thane, for a total consideration of Rs 671 crore.
Godrej Properties acquired a land parcel in Kavesar, Thane for Rs 671 crore for residential development.
NEUHAUSEN, Switzerland - Allbirds, Inc., the eco-conscious footwear and apparel brand, has seen significant enhancements to its inventory management and customer experience through a collaboration with Sensormatic Solutions, a global retail solutions portfolio of Johnson Controls NYSE JCI .
Allbirds, an eco-conscious footwear and apparel brand, has collaborated with Sensormatic Solutions to enhance its inventory management and customer experience.
Minister Goyal highlighted challenges being faced by business visitors from India due to visa processing time periods and requested the United States to augment processing, the joint statement said. The US welcomed India s efforts to modernize its patent system and registration processes across its IP offices, particularly through recently proposed amendments to the patent rules which aim towards streamlining compliance requirements and easing the process of patent filing and granting.--IANSpannu ksk India was the largest beneficiary of the GSP status in 2017, with $5.7 billion worth of goods being exported duty-free to the US.About 1,900 products such as engineering goods, chemicals and textiles were allowed to enter the US without an duty being levied on them. The US appreciated India s remarks, noting that the FDA has increased staffing to increase pharmaceutical inspections conducted by the agency. India emphasised the need to increase the number of inspections by the US Food and Drug Administration FDA in India to facilitate trade and continue to reduce the backlog. Commerce Minister Goyal reiterated India s interest in restoration of its beneficiary status under the Generalized System of Preferences program. New Delhi, Jan 13 IANS India has requested the US to restore its status under the Generalized System of Preferences GSP program which was scrapped by the former Donald Trump administration in 2019.The issue came up at the India-US Trade Policy Forum TPF meeting here co-chaired by Union Minister of Commerce and Industry Piyush Goyal and US Trade Representative, Ambassador Katherine Tai. They two ministers also welcomed the strong momentum in India-US bilateral trade in goods and services, which continued to rise and likely surpassed $200 billion in calendar year 2023 despite a challenging global trade environment. They also identified certain areas, including critical minerals, customs and trade facilitation, supply chains, and trade in high tech products, in which the US and India will develop an ambitious and forward looking roadmap for enhanced cooperation in order to achieve economically meaningful outcomes.
India requested the US to restore its GSP status, which was revoked in 2019, and highlighted challenges faced by business visitors due to visa processing delays. The US welcomed India's efforts to modernize its patent system and appreciated India's remarks on increasing FDA inspections to facilitate trade.
WEST FARGO, N.D. - Titan NS TITN Machinery Inc. NASDAQ TITN , a prominent network of agricultural and construction equipment stores, has expanded its reach with the acquisition of Scott Supply Co., a dealership located in Mitchell, South Dakota.
Titan Machinery Inc. (TITN) has acquired Scott Supply Co., a dealership in Mitchell, South Dakota, expanding its network of agricultural and construction equipment stores.
BREA, Calif. - Mullen Automotive, Inc. NASDAQ MULN , an emerging manufacturer of electric vehicles EVs , has announced the completion of a new lightweight service truck body designed for the All-Electric Mullen THREE.
Mullen Automotive has developed a lightweight service truck body for its All-Electric Mullen THREE, enhancing its functionality and efficiency.
Chris Gorman, Chairman and CEO of KeyCorp, expressed gratitude to Midkiff for his contributions and welcomed Benhart to his new role. Benhart, who previously served as the Deputy Chief Risk Officer, succeeds Mark Midkiff following his retirement, which was part of a planned succession announced in November.
Chris Gorman, CEO of KeyCorp, thanked Mark Midkiff for his contributions and welcomed Benhart as the new Deputy Chief Risk Officer, succeeding Midkiff after his retirement.
New Delhi, Jan 15 IANS Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal NS MOFS Financial Services said in a report.
Mutual fund redemptions surged by 39% to Rs 3,323 billion in CY23, resulting in a decline in net inflows to Rs 2,063 billion from Rs 2,383 billion in CY22.
Vijay Singh has resigned as the chief financial officer CFO of the Company on account of personal reasons.
Vijay Singh has resigned as the CFO of the Company due to personal reasons.
Fujitsu Ltd. TYO 6702 declined 4.07 or 825.00 points to end at 19,460.00 and Daiichi Sankyo Co., Ltd. TYO 4568 shed 3.80 or 172.00 points to 4,352.00.Declining stocks outnumbered rising ones by 2498 to 1156 and 238 ended unchanged on the Tokyo Stock Exchange.
Fujitsu Ltd. and Daiichi Sankyo Co. declined by 4.07% and 3.80% respectively, leading to a decline in the Tokyo Stock Exchange, with declining stocks outnumbering rising ones by 2498 to 1156.
Dan Dickson, CEO of Endeavour, cited escalating costs as an ongoing challenge, with the stronger local currency and inflationary pressures on essential inputs like labor and materials impacting the bottom line.
Endeavour's CEO, Dan Dickson, highlighted rising costs as a challenge, with a stronger local currency and inflation affecting labor and materials, impacting the company's bottom line.
LAS VEGAS - Tuya Smart NYSE TUYA HKEX 2391 , a global Internet of Things IoT service provider, has introduced its Home Energy Management System HEMS and Net Zero Solutions at the Consumer Electronics Show CES 2024, signaling its enhanced focus on smart energy solutions. This system is reported to minimize energy waste and reduce usage costs, supporting Tuya's commitment to sustainable development. It allows homeowners to visually track and manage energy data, including electricity chain, storage, charging, and consumption. These solutions use AI and IoT to manage energy intelligently, with the potential to reduce energy consumption by 15 to 30 . Tuya's technology has already been applied in various sectors, showing significant energy savings, particularly in warehouse and logistics park operations and smart city constructions. The company's latest offerings are designed to optimize energy usage in households and various industries, aiming to contribute to global sustainability efforts. In Singapore, Tuya's energy-saving kit has been implemented, achieving an average energy saving of 25 and up to 54 per month in some households. The HEMS by Tuya is designed to manage and execute household energy consumption intelligently and in real-time.
Tuya Smart's Home Energy Management System (HEMS) and Net Zero Solutions, showcased at CES 2024, aim to reduce energy waste and costs by 15-30% using AI and IoT. Tuya's energy-saving kit in Singapore has achieved an average energy saving of 25%, with some households saving up to 54% per month.
Anant Raj, Anupam Rasayan India, Aptus Value Housing Finance India, Adani Total Gas, Bikaji Foods International, Cholamandalam Investment and Finance, Dalmia Bharat Sugar and Industries, Deep Industries, Elantas Beck India, Escorts Kubota, Gujarat Mineral Development Corp, Godrej Agrovet, Harsha Engineers International, Kirloskar Brothers, K.P.R. Mill, Maharashtra Seamless, Metro Brands, MPS, Orient Cement, Paushak, PVR Inox, Redington, Sansera Engineering, Syrma SGS Technology, Savita Oil Technologies, Thermax, Thyrocare Technologies, Triveni Turbine, Ugro Capital, Welspun Enterprises.
This text contains a list of 32 Indian companies from various sectors, including finance, manufacturing, and consumer goods.
Vulcan Minerals President Patrick Laracy commented on the findings, stating that the McNeily zone's high-grade copper and appreciable gold credits justify further exploration and delineation efforts to potentially expand the Colchester project's resource base.
Vulcan Minerals' McNeily zone exhibits high-grade copper and gold, warranting further exploration to expand the Colchester project's resource base.
Minister Patil engaged in discussions with Sony, HP, Nestle NS NEST , Honeywell, Lulu group, Inox Group, Takeda Pharma, Coinbase NASDAQ COIN , Tillman Global, BL Agro, and many others.
Minister Patil held discussions with various companies, including Sony, HP, Nestle, Honeywell, and Coinbase, to explore investment opportunities in India.
The company acquired 612 equity shares of Xanadu Realty, representing 5.46 per cent of its paid-up equity share capital upon conversion of 938 compulsorily convertible debentures held by it in Xanadu.
The company acquired 612 equity shares of Xanadu Realty, representing 5.46% of its paid-up equity share capital, upon conversion of 938 compulsorily convertible debentures held by it in Xanadu.
A third plant is planned for Dunkirk in 2024-2025, aiming to increase the company's production capacity significantly.
Dunkirk's third plant, scheduled for 2024-2025, aims to significantly boost the company's production capacity.
Minister Goyal highlighted challenges being faced by business visitors from India due to visa processing time periods and requested the United States to augment processing, the joint statement said. Commerce Minister Goyal reiterated India s interest in restoration of its beneficiary status under the Generalized System of Preferences program. New Delhi, Jan 13 IANS India has requested the US to restore its status under the Generalized System of Preferences GSP program which was scrapped by the former Donald Trump administration in 2019.The issue came up at the India-US Trade Policy Forum TPF meeting here co-chaired by Union Minister of Commerce and Industry Piyush Goyal and US Trade Representative, Ambassador Katherine Tai.
India has requested the US to restore its status under the Generalized System of Preferences (GSP) program, which was scrapped by the Trump administration in 2019. India also raised concerns about visa processing time periods for business visitors.
During a meeting Chief Minister A. Revanth Reddy, JSW Group Chairman Sajjan Jindal announced the plan for setting up the project. Sajjan Jindal expressed his gratitude for the assurances to JSW and support from the Government of Telangana for their proposed project.
JSW Group Chairman Sajjan Jindal announced plans to set up a project in Telangana during a meeting with Chief Minister A. Revanth Reddy, expressing gratitude for government support.
HOUSTON - Occidental NYSE NYSE OXY , an international energy company, announced it will release its fourth quarter financial results for 2023 after the market closes on February 14, 2024. Additionally, Occidental's chemical subsidiary, OxyChem, produces essential chemicals for various life-enhancing products. This announcement is based on a press release statement from Occidental. Occidental has a significant presence in the oil and gas industry, being one of the largest producers in the United States, particularly in the Permian and DJ basins, as well as the offshore Gulf of Mexico. Occidental has indicated that the financial results will be accessible on the Investor Relations section of their website, and a recording of the webcast will be posted shortly after the call concludes.
Occidental Petroleum (OXY) will release its Q4 2023 financial results on February 14, 2024, after market close. The results will be available on the company's website and a webcast recording will be posted after the call.
For Q1FY24, it is building in a 1.1 per cent QoQ growth in revenue Rs 36,705.1 crore with a 2.9 per cent QoQ growth for the India business. It expects the India mobile services business to grow by 3.4 per cent QoQ led by 2.5 per cent ARPU growth and 2.5 million subscriber addition. It expects Bharti s India revenue to rise 3.4 per cent QoQ 12 per cent YoY to Rs 26,300 crore led by mobile segment up 3.7 per cent QoQ 11.3 per cent YoY . India wireless revenue is projected at Rs 20,013 crore, an increase of 2.4 per cent QoQ 10.3 per cent YoY, while India wireless Ebitda could grow 2.3 per cent QoQ 16.1 per cent YoY to Rs 10,762 crore. Its India Ebitda is likely to grow 4.6 per cent QoQ 18 per cent YoY to Rs 14,000 crore.
Bharti Airtel projects a 1.1% QoQ revenue growth to Rs 36,705.1 crore in Q1FY24, driven by a 3.4% QoQ growth in India mobile services, led by ARPU growth and subscriber addition. India revenue is expected to rise 3.4% QoQ to Rs 26,300 crore, with India wireless revenue projected at Rs 20,013 crore, a 2.4% QoQ increase.
Growing participation and increasing financial literacy could help the domestic retail brokerage industry s revenue to more than double over the next five years, estimates consultancy firm Bain & Company. The number of demat accounts has tripled since FY19, thanks to the heightened interest sparked by the COVID-19 pandemic, said Bain & Co in a note.
The domestic retail brokerage industry's revenue is expected to double in the next five years due to increased participation and financial literacy. The number of demat accounts has tripled since FY19 due to the COVID-19 pandemic.
Private sector banks, metals are leading the market fall which is awash in a sea of red.
Private sector banks and metal stocks are leading the market decline, with the overall market experiencing a significant downturn.
TDK Corporation, known for its electronic solutions and material sciences expertise, supports various markets, including automotive, industrial electronics, and ICT.Information in this article is based on a press release statement.
TDK Corporation, an expert in electronic solutions and material sciences, serves diverse markets such as automotive, industrial electronics, and ICT.
The growth engines include Mahindra Lifespaces, Mahindra Holidays and Mahindra Logistics. Mahindra's auto and farm businesses are industry leaders and it is looking to capitalize on market leadership position. Mahindra's services segment includes industry pioneers like Tech M and Mahindra Finance, which contributed more than 50 per cent of FY23 group earnings. The market capitalisation of Mahindra and Mahindra Ltd crossed Rs 2 lakh crore mark, helped by a strong order book in the SUV segment and leadership position in tractor segment. While Mahindra Finance had the highest-ever disbursements in FY23 Rs 49,000 crore, up 80 per cent and much-improved asset quality 4.5 per cent gross NPAs, down from 8.4 per cent , Tech-M is leveraging strength in telecom by being at the forefront of 5G.The firm, they said, has identified 9 businesses as 'Growth Gems' that will aid a 5x growth over the next several years.
Mahindra's market capitalization surpassed Rs 2 lakh crore, driven by strong SUV and tractor sales. Mahindra Finance and Tech M, key contributors to the services segment, have achieved significant growth and improved asset quality.
Going by the Grey Market Premium GMP , this Tata Group stock is all set to debut on the bourses on a stellar note, with an expected gain of over 70 per cent.
Tata Group stock is expected to debut on the bourses with a stellar gain of over 70%, as per the Grey Market Premium (GMP).
As per Bloomberg, US FDA officials found multiple faults at the recent inspection of the company's plant.
During a recent inspection, US FDA officials discovered several faults at the company's plant.
The former too seems likely to list at a healthy premium of around 35 per cent, while the latter may see muted introduction, suggests GMP.According to Nuvama Alternative & Quantitative Research these four stocks are expected to draw the highest inflows among domestic stocks on account of the US Federal Retirement Thrift Investment Board s decision to change the benchmark index for gaining international exposure.
Four Indian stocks are expected to see high inflows due to the US Federal Retirement Thrift Investment Board's decision to change its benchmark index for international exposure, with the former likely to list at a 35% premium.
Since the early 2000s, it has always been a dream of Sajjan Jindal to produce cars in India. The JSW group and SAIC Motor of China on Thursday signed a strategic joint venture JV , with the Sajjan Jindal-led conglomerate holding a 35 per cent stake in the new entity.
Sajjan Jindal's dream of producing cars in India since the early 2000s has come to fruition with a strategic joint venture between JSW Group and SAIC Motor of China, with JSW holding a 35% stake.
LUXEMBOURG - Tenaris S.A. NYSE TS, Mexico TS, EXM Italy TEN , a global manufacturer of steel pipes, has completed the first segment of its share buyback program as of Friday, with the acquisition of 17,779,302 ordinary shares at a total cost of approximately €276.2 million, or $300 million.
Tenaris S.A. has completed the first segment of its share buyback program, acquiring 17,779,302 ordinary shares at a total cost of approximately €276.2 million ($300 million).
For investors seeking in-depth analysis and additional insights, there are 8 more InvestingPro Tips available, which can be accessed with a subscription. InvestingPro Tips highlight that W.P. Carey is trading at a low P E ratio relative to near-term earnings growth, suggesting that the stock may be undervalued given its earnings potential. Plus, use the coupon code ProW345 to receive an additional 10 off a 2-year InvestingPro subscription. For those interested in gaining a competitive edge in their investment strategy, InvestingPro is now offering a special Cyber Monday sale with discounts of up to 60 .
W.P. Carey is trading at a low P/E ratio relative to near-term earnings growth, suggesting that the stock may be undervalued given its earnings potential. InvestingPro is offering a special Cyber Monday sale with discounts of up to 60%.
At 7 45 AM, Gift Nifty quoted at 19,890 as against Nifty's spot close of 19,754 on Monday in the cash market, and Nifty Future's previous close of 19,837.Globally, Asia-Pacific markets were mixed as China's Caixin purchasing managers index in July for the manufacturing sector fell into contraction territory for the first time since April. Hong Kong's Hang Seng index was 0.63 per cent higher, but mainland China's Shenzhen Component was down 0.1 per cent.
At 7:45 AM, Gift Nifty was quoted at 19,890, higher than Nifty's spot close of 19,754 on Monday and Nifty Future's previous close of 19,837. Asia-Pacific markets were mixed, with Hong Kong's Hang Seng index rising 0.63% and mainland China's Shenzhen Component falling 0.1%.
STOCKHOLM - Medivir AB Nasdaq Stockholm MVIR , a Swedish pharmaceutical company, announced significant clinical advancements for its cancer drug fostrox in combination with Lenvima in treating advanced hepatocellular carcinoma HCC . Annually, around 660,000 people are diagnosed with primary liver cancer globally, with a five-year survival rate of less than 20 .This article is based on a press release statement from Medivir AB.This article was generated with the support of AI and reviewed by an editor.
Medivir AB's cancer drug fostrox, in combination with Lenvima, has shown promising clinical advancements in treating advanced hepatocellular carcinoma (HCC), a type of liver cancer with a low survival rate.
SEparately, MSI said its board has approved termination of the contract manufacturing agreement and exercising the option to acquire the shares of Suzuki Motor Gujarat Pvt Ltd SMG from Suzuki Motor Corporation SMC .
MSI has terminated its contract manufacturing agreement with Suzuki and exercised its option to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) shares from Suzuki Motor Corporation (SMC).
The material is a mix of nickel, cobalt and manganese, used to improve the power capacity of batteries, reports Yonhap news agency.
A mix of nickel, cobalt, and manganese is used to improve the power capacity of batteries.
Construction is anticipated to start on HPP1 in 2024 with low carbon hydrogen produced at the site by 2027.Richard Holden, HPP1 Project Manager at EET Hydrogen, said, This is the largest low carbon hydrogen project in the UK and one of the most advanced in the world.
HPP1, the largest low carbon hydrogen project in the UK, is expected to begin construction in 2024 and produce hydrogen by 2027.
The pharmaceutical company has completed the US Food and Drug Administration s USFDA Pre-Approval Inspection PAI and GMP audit for their facility Unit IV at Visakhapatnam in Andhra Pradesh.
A pharmaceutical company has successfully completed the USFDA's Pre-Approval Inspection and GMP audit for its Unit IV facility in Visakhapatnam, Andhra Pradesh.
India's biggest automobile manufacturer has reported a 2 per cent rise in its total wholesale at around 1,59,418 units to dealers in June 2023 as compared to 1,55,857 units in June, 2022.Debadatta Chand, executive director, has assumed charge as MD & CEO with effect from July 1, 2023.MDL has signed a contract with Indian Navy for Medium Refit cum Life Certification MRLC of second Shishumar class submarine INS SHANKUSH worth Rs 2,724.63 crore.
India's largest automobile manufacturer witnessed a 2% increase in wholesale units to 1,59,418 in June 2023 compared to 1,55,857 in June 2022. MDL signed a contract with the Indian Navy for the Medium Refit cum Life Certification of the second Shishumar class submarine INS SHANKUSH for Rs 2,724.63 crore.
Establishment Labs is known for its innovative Femtech solutions, including the Motiva devices for breast health and reconstruction, and is in the process of seeking U.S. FDA approval for its Motiva Implants .The information in this article is based on a press release statement.
Establishment Labs, renowned for its Femtech innovations, seeks FDA approval for its Motiva Implants, a revolutionary solution for breast health and reconstruction.
SHENZHEN, China - BYD Co SZ 002594 Ltd, a global leader in the production of new energy vehicles, has announced the introduction of its Integrated Vehicle Intelligence strategy and the debut of the XUANJI Architecture, a new AI-driven platform for intelligent electric vehicles. In addition to these technological advancements, BYD revealed plans to invest 5B RMB $750M in constructing the world's first professional all-terrain test-driving sites across several cities in China. He also noted the company's leadership in China for L2-level intelligent driving deployment and its status as the first to receive an L3-level test license.
BYD, a leader in new energy vehicles, has introduced its Integrated Vehicle Intelligence strategy and XUANJI Architecture, an AI-driven platform for intelligent electric vehicles. The company plans to invest $750M in constructing professional all-terrain test-driving sites in China.
This will be due to cuts in discretionary spending and high furloughs in hi-tech and financial services, said analysts.
Analysts predict a decline in discretionary spending and increased furloughs in hi-tech and financial services.
Industries Department Principal Secretary S Selvakumar and Commissioner Gunjan Krishna were also present.--IANSmka rad
Industries Department Principal Secretary S Selvakumar and Commissioner Gunjan Krishna attended an event.
PROVIDENCE, R.I. - Citizens Financial Group, Inc. NYSE NYSE CFG announced its financial results for the fourth quarter and the full year of 2023, demonstrating robust performance.
Citizens Financial Group reported strong financial results for Q4 and 2023, with robust performance across key metrics.
It is a Mini Ratna Category-I Central Public Sector Enterprise, wholly-owned by the Government of India and under the administrative control of the Ministry of Railways.
Rail Vikas Nigam Limited (RVNL) is a Mini Ratna Category-I Central Public Sector Enterprise under the Ministry of Railways.
Kelly, a veteran in the financial services industry with over three decades of experience, is slated to bring her extensive leadership skills to the Swiss multinational investment bank and financial services company. UBS Chairman Colm Kelleher expressed enthusiasm about Kelly's nomination, highlighting her reputation as an effective bank CEO and her influence within the Asia Pacific financial sector.
Kelly, a veteran with over three decades of experience in the financial services industry, is set to join UBS as its new CEO. UBS Chairman Colm Kelleher praised Kelly's reputation as an effective bank CEO and her influence in the Asia Pacific financial sector.
Positioning is more extended in Nasdaq and in Eurostoxx, but recent net flows have been small, they said.
Positioning is more extended in Nasdaq and Eurostoxx, but recent net flows have been small.
Chris Gorman, Chairman and CEO of KeyCorp, expressed gratitude to Midkiff for his contributions and welcomed Benhart to his new role. Benhart, who previously served as the Deputy Chief Risk Officer, succeeds Mark Midkiff following his retirement, which was part of a planned succession announced in November.
Chris Gorman, CEO of KeyCorp, thanked Mark Midkiff for his contributions and welcomed Benhart as the new Deputy Chief Risk Officer, succeeding Midkiff after his retirement.
BEDFORD, Mass. - Lantheus NASDAQ LNTH Holdings, Inc. NASDAQ LNTH , a leader in the radiopharmaceutical industry, has reported preliminary unaudited financial results for its fiscal year ended December 31, 2023, indicating significant revenue growth.
Lantheus Holdings reported preliminary unaudited financial results for fiscal year 2023, indicating significant revenue growth.
GSK plc LON GSK added 1.76 or 27.20 points to end at 1,576.20 and Hikma Pharmaceuticals PLC LON HIK was up 1.75 or 32.50 points to 1,894.50 in late trade.
GSK plc (LON: GSK) and Hikma Pharmaceuticals PLC (LON: HIK) both saw significant gains in late trade, with GSK adding 27.20 points to close at 1,576.20 and Hikma rising 32.50 points to 1,894.50.
FireFly Resources and Metals Australia Ltd both reported encouraging exploration outcomes. FireFly Resources announced the expansion of their mineralization zone in Canada, suggesting a potential for increased resource estimates in the future.
FireFly Resources and Metals Australia Ltd reported positive exploration results, with FireFly Resources expanding its mineralization zone in Canada, indicating potential for increased resource estimates.
Shares of STLA are down 1.89 in mid-day trading on Friday. Detroit-based automaker, Stellantis NYSE STLA announced Friday that the company s corporate venture fund, Stellantis Venture, is participating as a strategic investor in Tiamat.
Stellantis' corporate venture fund, Stellantis Venture, has invested in Tiamat, contributing to a 1.89% decline in STLA shares during Friday's mid-day trading.
While Mahindra Finance had the highest-ever disbursements in FY23 Rs 49,000 crore, up 80 per cent and much-improved asset quality 4.5 per cent gross NPAs, down from 8.4 per cent , Tech-M is leveraging strength in telecom by being at the forefront of 5G.The firm, they said, has identified 9 businesses as 'Growth Gems' that will aid a 5x growth over the next several years.
Mahindra Finance achieved record disbursements of Rs 49,000 crore in FY23, an 80% increase, while Tech-M is focusing on 5G and has identified 9 "Growth Gems" for 5x growth in the future.
Q What is the long-term vision and mission statement of Platform Commons A The mission is that 100 million people by 2030 and 1 billion people by 2040 use our platforms and build a better future for themselves. New Delhi, Jan 4 IANS As new and emerging technologies offer myriad ways to improve the lives of millions across the spectrum especially around agriculture, climate, education, civic engagement and healthcare -- digital platform development company Platform Commons feels that artificial intelligence AI & Inclusive Platforms will make a major impact in multiple ways. We build capital assets for the Commons. Platform Commons is currently serving 6.5 million beneficiaries in the agriculture, education, healthcare and civic engagement across 16 states. That is the inspiration for us to establish Platform Commons & keep at it. At Platform Commons, we are trying to fix this gap by building digital platforms that not only focus on improving process efficiency, but also build multi-stakeholder ecosystems. Here are excerpts from an in-depth interview Q Tell us a little about yourselves and what inspired you to start this journey Satyam Gambhir The journey to establish Platform Commons was not just a reaction to industry trends but a proactive response to a deeper calling an inherent belief in the strength of change leaders of the country, diversity of solutions, and the boundless possibilities that technology brings onboard. This personal touch has become the cornerstone of our approach at Platform Commons a reminder that technology is not just about lines of code it's about impacting lives. Satyam Gambhir and Prashant Mehra, the founders of Platform Commons, told IANS that any new technology is not just about lines of code it's about impacting lives.
Platform Commons aims to empower 100 million people by 2030 and 1 billion by 2040 through its digital platforms that focus on improving process efficiency and building multi-stakeholder ecosystems.
Analysts, however, assert that the proposed demerger will not resolve the debt problem of its promoter entity, Vedanta Resources VRL .The company will debut on the bourses on October 3, 2023.
Analysts believe the proposed demerger will not solve the debt issue of Vedanta Resources, the promoter entity. The company will debut on the bourses on October 3, 2023.
CHARLOTTE, N.C. - Albemarle Corporation NYSE NYSE ALB , a key player in the production of essential elements for various industries, has announced a strategic reduction in its capital expenditures for 2024, aiming to enhance cash flow and financial flexibility amidst shifting market conditions, especially in the lithium sector.
Albemarle Corporation, a producer of essential elements, has reduced its 2024 capital expenditures to improve cash flow and financial flexibility due to shifting market conditions, particularly in the lithium sector.
The approval marks Arora's return to the MF space. Helios Capital Management has received final approval from the Securities and Exchange Board of India Sebi to launch a mutual fund MF , said its founder Samir Arora on Thursday.
Helios Capital Management, founded by Samir Arora, has received approval from SEBI to launch a mutual fund, marking Arora's return to the MF space.
As Coinbase forges ahead with its strategic partnership to expand the use of USD Coin in Africa, it's worth noting some key financial metrics and expert insights that may influence the company's trajectory. The use of USDC in Africa through this partnership is expected to empower individuals and businesses by providing them with more control over their finances and the ability to engage in the global economy with fewer barriers. SAN FRANCISCO - Coinbase NASDAQ COIN , a leading cryptocurrency exchange, has announced a strategic partnership with Yellow OTC YELLQ Card, a financial service provider in Africa, to expand the usage of the USD Coin USDC across 20 African countries, starting from February. By adopting USDC, a stablecoin pegged to the US dollar, the partnership aims to provide a more stable and cost-effective alternative for financial transactions.
Coinbase and Yellow Card partner to expand the use of USD Coin (USDC) in 20 African countries, providing a stable and cost-effective alternative for financial transactions.
CFO Pauline Alimchandani is set to leave the company in February 2024.
CFO Pauline Alimchandani will depart from the company in February 2024.
Covestro's approach to circularity includes the use of alternative raw materials and renewable energy, alongside innovative recycling.
Covestro promotes circularity through alternative raw materials, renewable energy, and innovative recycling.
TSX NYSE AGI NYSE AGI has announced a definitive agreement to acquire all issued and outstanding shares of Orford Mining Corporation TSXV ORM , a move that will expand its portfolio with several prospective projects in Quebec, including the Qiqavik Gold Project. The company is committed to sustainable development standards and trades on the TSX and NYSE under the symbol AGI.This article is based on a press release statement from Alamos Gold Inc.This article was generated with the support of AI and reviewed by an editor.
Alamos Gold Inc. (AGI) has acquired Orford Mining Corporation (ORM) to expand its portfolio with prospective projects in Quebec, including the Qiqavik Gold Project. AGI is committed to sustainable development standards and trades on the TSX and NYSE under the symbol AGI.
The financial details of the transaction were not disclosed beyond the valuation, but it represents a significant step for GSK as it adjusts its investment in Haleon. LONDON - GlaxoSmithKline NYSE GSK has sold a portion of its stake in consumer health company Haleon, with the transaction valued at approximately $1.27 billion. This strategic move has reduced GSK's ownership by about 3.2 , leaving the pharmaceutical giant with a 4.2 stake in Haleon. The sale occurred at a price lower than Haleon's closing rate on the previous day, signaling GSK's intent to divest its position in the consumer health firm. Investors and market observers are keeping a close watch on how this divestiture will impact both GSK and Haleon's market performance and strategic direction moving forward. Despite the lower sale price, GSK's remaining 4.2 stake signifies it still maintains a vested interest in Haleon's business trajectory.
GSK sold a portion of its stake in Haleon for $1.27 billion, reducing its ownership to 4.2%. The sale price was lower than Haleon's previous closing rate, indicating GSK's intent to divest its position in the consumer health firm.
GSK plc LON GSK added 1.76 or 27.20 points to end at 1,576.20 and Hikma Pharmaceuticals PLC LON HIK was up 1.75 or 32.50 points to 1,894.50 in late trade.
GSK plc (LON: GSK) and Hikma Pharmaceuticals PLC (LON: HIK) both saw gains in late trade, with GSK adding 27.20 points to close at 1,576.20 and Hikma rising 32.50 points to 1,894.50.
It is already approved in the United States, Japan, and China for treating mild cognitive impairment and mild dementia stages of Alzheimer's.
Donepezil is approved in the US, Japan, and China for treating mild cognitive impairment and mild dementia stages of Alzheimer's.
Walgreens Boots Alliance Inc NASDAQ WBA declined 3.16 or 0.76 points to end at 23.27 and Boeing Co NYSE BA shed 2.23 or 4.96 points to 217.70.The top performers on the S&P 500 were Cognizant Technology Solutions Corp Class A NASDAQ CTSH which rose 4.13 to 77.97, Bank of New York Mellon NYSE BK which was up 4.02 to settle at 54.85 and Northrop Grumman Corporation NYSE NOC which gained 2.94 to close at 481.08.The worst performers were United Airlines Holdings Inc NASDAQ UAL which was down 10.63 to 39.78 in late trade, American Airlines Group NASDAQ AAL which lost 9.46 to settle at 13.21 and Delta Air Lines Inc NYSE DAL which was down 8.97 to 38.47 at the close.
Walgreens Boots Alliance Inc. and Boeing Co. declined, while Cognizant Technology Solutions Corp Class A, Bank of New York Mellon, and Northrop Grumman Corporation were the top performers on the S&P 500. United Airlines Holdings Inc., American Airlines Group, and Delta Air Lines Inc. were the worst performers.
Kishore Jayaraman, President-India and South Asia, Rolls-Royce, said that Rolls-Royce s focus on bringing advanced engine technology together with advantages of sustainability and reliability is aligned with the country s vision for the future of the aviation sector.
Rolls-Royce's focus on advanced engine technology aligns with India's vision for sustainable and reliable aviation.
Thomas Texier of Marex and Jake Moore of Toa Capital Group expressed their organizations' support for the initiative, emphasizing the competitive technology and secure access to regulated futures markets that Cboe Digital provides.
Thomas Texier of Marex and Jake Moore of Toa Capital Group support Cboe Digital for its competitive technology and secure access to regulated futures markets.
Finance department Additional Chief Secretary ACS L.K. Atheeq, Industry department Principal Secretary Selva kumar, ITBT secretary Ekroop Kaur and other officers were present on the occasion.--IANSmka dpb
Finance department ACS L.K. Atheeq, Industry department Principal Secretary Selva kumar, and other officers attended an event.
Dr. Ashish Chand, President and CEO of Belden, emphasized the company's strategy to source raw materials locally and to position the facility as a key export hub.
Belden's CEO, Dr. Ashish Chand, highlighted the company's strategy to source raw materials locally and establish the facility as a major export hub.
The weight of defensives improved 120bp to 29.6 39 per cent, propelled by an increase in the weights of Utilities, Healthcare, and Telecom while Technology, and Consumer moderated.
The weight of defensives increased by 120 basis points to 29.6%, driven by Utilities, Healthcare, and Telecom, while Technology and Consumer moderated.
L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, among others.
Several prominent Indian companies, including L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, are mentioned in the text.
The company is also involved in several other projects across Finland and maintains interests in precious metals projects in Canada and Argentina.
The company has interests in precious metals projects in Canada and Argentina, and is involved in several projects across Finland.
Albemarle will also complete commissioning activities for Trains 1 and 2 at the Kemerton lithium conversion facility and continue construction on Train 3.
Albemarle will complete commissioning activities for Trains 1 and 2 at the Kemerton lithium conversion facility and continue construction on Train 3.
Investing.com India equities were lower at the close on Wednesday, as losses in the Banking, Metals and Carbon sectors propelled shares lower.
Indian equities declined on Wednesday, led by losses in banking, metals, and carbon sectors.
Atomera's MST technology is designed to improve performance and power efficiency in semiconductor transistors and can be integrated using existing semiconductor manufacturing equipment.
Atomera's MST technology enhances semiconductor transistor performance and power efficiency, seamlessly integrating with existing manufacturing equipment.
Sunil Mittal owned and the holding company of Airtel, Bharti Telecom plans to raise up to Rs 8,000 crore in its biggest-ever rupee bonds issue.
Bharti Telecom, owned by Sunil Mittal and the holding company of Airtel, plans to raise up to Rs 8,000 crore through its largest-ever rupee bonds issue.
Prashant Mehra I'm excited to share a bit about my journey a journey that took me from the tech buzz of the UK to the serene fields of rural Bihar, India. Satyam Gambhir and Prashant Mehra, the founders of Platform Commons, told IANS that any new technology is not just about lines of code it's about impacting lives.
Prashant Mehra, co-founder of Platform Commons, believes that technology should not only be about lines of code but also about impacting lives.
The AICPDF, representing a large network of distributors, has echoed MSCPDF's concerns. The dispute over the margin structure includes calls for better incentive parameters and is the latest in a series of disagreements between the AICPDF and HUL. The All India Consumer Products Distributors Federation AICPDF is planning a significant protest movement, which may start with a dharna at HUL's Mumbai office.
AICPDF, representing distributors, supports MSCPDF's concerns over margin structure, including incentive parameters, leading to a protest movement against HUL, potentially starting with a dharna at their Mumbai office.
NEW YORK - iQSTEL Inc. OTC-QX IQST , a multinational tech firm, has announced a significant increase in its revenue for the year ending 2023. With these developments, management anticipates a continued rapid growth in both revenue and margins throughout 2024.In preparation for its annual shareholder meeting, iQSTEL has filed a Definitive Proxy Statement. Further news is expected in the lead-up to this event.iQSTEL operates through four business divisions Telecommunications, Fintech, Electric Vehicles EV , and an Artificial Intelligence AI -Enhanced Metaverse.
iQSTEL Inc. (IQST) reported a significant revenue increase for 2023, anticipating continued growth in revenue and margins in 2024. The company operates in telecommunications, fintech, electric vehicles, and AI-enhanced metaverse.
Bosch India will showcase the BS6 stage 2 hydrogen engine truck, by early 2024.The Board of Directors of the company has approved to acquire 51 per cent stake in Guideline Travels Holidays India Private Limited, Dook Travels Private Limited, and Tripshope Travel Technologies Private Limited. The gas produced from the nomination fields ofand Oil India will have a ceiling of $6.50 mBtu, according to a notification by the Petroleum Planning and Analysis Cell. CSL has been upgraded from 'Schedule B' to 'Schedule A' CPSE by the Government of India. Anant Raj, Anupam Rasayan India, Aptus Value Housing Finance India, Adani Total Gas, Bikaji Foods International, Cholamandalam Investment and Finance, Dalmia Bharat Sugar and Industries, Deep Industries, Elantas Beck India, Escorts Kubota, Gujarat Mineral Development Corp, Godrej Agrovet, Harsha Engineers International, Kirloskar Brothers, K.P.R. Mill, Maharashtra Seamless, Metro Brands, MPS, Orient Cement, Paushak, PVR Inox, Redington, Sansera Engineering, Syrma SGS Technology, Savita Oil Technologies, Thermax, Thyrocare Technologies, Triveni Turbine, Ugro Capital, Welspun Enterprises. India's largest carmaker, on Monday, reported a 145.31 per cent jump in its first quarter net profit at Rs 2,485 crore, for financial year 2023-24 Q1FY24 . State Bank of India SBI said it has raised Rs 10,000 crore at a coupon rate of 7.54 per cent through its third infrastructure bond issuance.
Bosch India plans to showcase a BS6 stage 2 hydrogen engine truck by early 2024. India's largest carmaker reported a 145.31% jump in its first-quarter net profit to Rs 2,485 crore for Q1FY24.
According to BHEL, the equipment for the project will be manufactured at its Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur and Varanasi plants.
BHEL will manufacture equipment for the project at its plants in Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi.
Tata Steel Ltd NS TISC declined 3.93 or 5.40 points to end at 131.85 and Kotak Mahindra Bank Ltd. NS KTKM shed 3.69 or 68.25 points to 1,779.75.The top performers on the BSE Sensex 30 were HCL Technologies Ltd BO HCLT which rose 1.34 to 1,576.05, LTIMindtree Ltd BO LTIM which was up 0.64 to settle at 6,274.45 and Infosys Ltd BO INFY which gained 0.55 to close at 1,639.90.The worst performers were HDFC Bank Ltd BO HDBK which was down 8.46 to 1,536.90 in late trade, Tata Steel Ltd BO TISC which lost 4.08 to settle at 131.65 and Kotak Mahindra Bank Ltd. BO KTKM which was down 3.66 to 1,779.90 at the close.
Tata Steel and Kotak Mahindra Bank declined significantly, while HCL Technologies, LTIMindtree, and Infosys gained on the BSE Sensex 30.
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