Sun Pharma Q2 Profit Dips 36% Amid Legal Costs and Acquisition Expenses
India’s largest drug maker reported a sharp decline in quarterly net profit due to US antitrust litigation and integration costs, despite seeing double-digit revenue growth.
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Government extends customs duty exemption on cotton imports until end of year
The Union government has extended the duty-free import window for cotton by two months, aiming to boost local supplies and support the textile sector.
Nasdaq Faces $2 Trillion Wipeout as Investor Scrutiny of AI Spending Intensifies
Investors are pulling back from Big Tech stocks amid concerns that massive capital expenditure on artificial intelligence infrastructure may not yield immediate financial returns.
Wall Street suffers major sell-off as technology stocks lead market decline
Major US stock indexes recorded their worst daily performance since June as a broad sell-off hit the technology sector, led by a sharp drop in Intel shares.
Intel Shares Plunge 30% Amid Weak Revenue Forecast and Broad Chip Selloff
Intel stock plummeted by nearly 30% after the chipmaker issued a weaker-than-expected revenue outlook and warned of negative cash flow, sparking a downturn across the semiconductor sector.
India’s Diesel Exports Hit 13-Month High as Refiners Capitalise on Global Disruptions
India’s diesel exports rose by 19.6% in October, reaching their highest level in over a year as local refiners meet demand caused by ongoing global conflicts.
Zee Entertainment Q2 Profit Declines 40 Percent Amid Rising Costs
Zee Entertainment Enterprises reported a 40% drop in net profit for the second quarter, despite significant revenue growth in its digital streaming business.
Nasdaq Futures Drop Over 2% as AI Spending Fears Hit Big Tech
Nasdaq 100 futures plummeted more than 2% as investors grew increasingly anxious over the rising infrastructure costs and profitability of artificial intelligence investments.
IndiGo Reports Rs 1,879-Crore Loss Amid Surging Fuel Costs
India’s largest airline, IndiGo, reported a net loss of ₹1,879 crore for the September quarter, as the company grappled with a significant spike in jet fuel costs and ongoing geopolitical volatility. ...
Petrol and Diesel Prices Remain Steady Across Major Indian Cities on October 30
Fuel prices across major Indian cities remain unchanged as oil marketing companies maintain current rates despite global market fluctuations.
