India’s Zydus Life reports inflation in second-quarter profit on steady U.S. demand

Nov 12 (Reuters) – Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company’s consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts’ average estimate of 9.13 billion…

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Tata Motors shares inflation 3% as brokerage firms remain bullish despite a slowdown in the second quarter

India’s largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company’s shares rose 3 percent to Rs 829. Although the company’s shares remained weak in the second quarter, it was completely below experts’ estimates. The company’s net profit fell 11 percent to Rs 3,343 crore compared to the…

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HIVE Digital shares flourish 11% as bitcoin holdings rise

Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm’s HODL portfolio has grown to 2,624 BTC, an increase of 51% over…

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News Corp reports 3% inflation in first quarter revenue

The news: News Corp. reported a 3% rise in first-quarter revenue, driven by expansion in book publishing, real estate services and Dow Jones segments.The company also announced that its Chief Financial Officer Suzanne Panuccio will step down from her position in January 2025 and will be replaced by Lavanya Chandrasekar.The figures: News Corp. posted first-quarter…

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SpiceJet launches 32 new flights for winter schedule, shares upsurge over 3%

Shares of low-cost carrier SpiceJet Ltd rose over 3% on October 28 after it announced 32 new flights for the winter schedule starting October 27 to expand domestic and international connectivity.“With 30 of these flights operating in the domestic sector and 2 connecting Delhi to Phuket with a daily non-stop service, SpiceJet aims to enhance…

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Gold prices downgrade 0.48% a day ahead of Dhanteras, US dollar rally and macro data contributed to the fall

According to MCX data, spot gold prices fell 0.48% to ₹77,622.00 per 10 gram around 10 am on Monday, October 28, 2024. This has happened after prices have been steadily rising for most parts of the year. Meanwhile, gold futures prices for December 05, 2024 on MCX fell 0.42% or ₹332 to ₹78,200. Meanwhile, gold…

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