Stronger rupee lifts markets, Sensex up 185 pts, Nifty above 22,700 in volatile trade | Closing Bell
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🚨Nandita Sinha, the chief executive officer (CEO) of Flipkart-owned online fashion platform Myntra, is set to resign and will move on from the company in the coming weeks, people familiar with the developments told Moneycontrol.
https://www.moneycontrol.com/news/business/startup/myntra-ceo-nandita-sinha-to-quit-13878182.html
https://www.moneycontrol.com/news/business/startup/myntra-ceo-nandita-sinha-to-quit-13878182.html
Emcure slashes price of Poviztra as semaglutide price war in India deepens
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Moneycontrol
Emcure slashes price of Poviztra as semaglutide price war in India deepens- Moneycontrol.com
The Pune‑based drugmaker said the starting dose of Poviztra will now cost Rs.3,999 a month, a 55 percent cut from earlier levels, while prices across strengths have been lowered by an average of 47 percent.
📈 Mahindra & Mahindra to raise prices of non-electric SUVs, CVs by up to 2.5%
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Moneycontrol
Mahindra & Mahindra to raise prices of non-electric SUVs, CVs by up to 2.5%- Moneycontrol.com
Various auto makers including Tata Motors, JSW MG Motor India, BMW, Audi India and Mercedes-Benz have already increased their vehicle prices from April 1 on account of rising input costs.
Daily Voice: RBI may raise rates by 25–50 bps in FY27 if energy-driven inflation persists; capex decisions could be delayed due to Iran war uncertainty, says Client Associates' Himanshu Kohli
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Moneycontrol
Daily Voice: RBI may raise rates by 25–50 bps in FY27 if energy-driven inflation persists; capex decisions could be delayed due…
As per the latest round of rhetoric, it appears the war could extend further, and the resolution is unlikely in the immediate term, said Client Associates' Himanshu Kohli.
Asia shares gain as volatile week draws to a close
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Moneycontrol
Asia shares gain as volatile week draws to a close- Moneycontrol.com
MSCI’s benchmark Asia Pacific Index gained as much as 1% after the S&P 500 Index reversed an earlier loss of 1.5% to close 0.1% higher
Trump imposes 100% tariff on select drugmakers, tightens metal import rules
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Moneycontrol
Trump imposes 100% tariff on select drugmakers, tightens metal import rules- Moneycontrol.com
The tariffs will take effect later this summer after a 120-day window for large pharmaceutical companies, while smaller firms will get 180 days to comply.
Global companies delay IPOs and slash dividends as Middle East conflict rattles markets
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Moneycontrol
Global companies delay IPOs and slash dividends as Middle East conflict rattles markets- Moneycontrol.com
Phone Pe, the Walmart-backed Indian fintech firm, said it had paused its plans for an IPO after geopolitical tensions caused volatility in global capital markets
Iran’s Islamic Revolutionary Guard Corps (IRGC) once again mocked US President Donald Trump, attaching his edited picture with late financier and convicted sex offender Jeffrey Epstein as well as Israeli PM Benjamin Netanyahu on a missile during one of its recent strike waves.
https://www.moneycontrol.com/world/hey-stupid-trump-strait-of-hormuz-bigger-piece-than-your-mouth-iran-writes-on-missile-article-13878989.html
https://www.moneycontrol.com/world/hey-stupid-trump-strait-of-hormuz-bigger-piece-than-your-mouth-iran-writes-on-missile-article-13878989.html
The Court of Arbitration for Sport's Anti-Doping Division (CAS ADD) has imposed a life ban on suspended Pakistan Weightlifting Federation chief Hafiz Imran Butt and coach Irfan Butt for their involvement in the administration of banned substances to the country's athletes, including minors, between 2014 and 2016.
https://www.moneycontrol.com/sports/disgraced-pakistan-weightlifting-chief-coach-banned-for-life-by-cas-for-systemic-doping-article-13879285.html
https://www.moneycontrol.com/sports/disgraced-pakistan-weightlifting-chief-coach-banned-for-life-by-cas-for-systemic-doping-article-13879285.html
#Business | Adani sets 1 bn tonnes cargo target by 2030 as APSEZ crosses 500 mn tonnes milestone
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Moneycontrol
Adani sets 1 bn tonnes cargo target by 2030 as APSEZ crosses 500 mn tonnes milestone- Moneycontrol.com
Speaking on the occasion of Adani Ports and Special Economic Zone (APSEZ) crossing the milestone, chairman Gautam Adani said the group's ports network has expanded into an integrated system of 20 ports across India and international locations, positioning…
Indian consumer goods maker Dabur expects fourth-quarter operating profit to grow at a faster pace than revenue, which is set to rise in mid-single digits, as sturdy demand at home offsets slower growth in its international business.
https://www.moneycontrol.com/news/business/dabur-forecasts-fourth-quarter-revenue-growth-in-mid-single-digit-percentage-13879330.html
https://www.moneycontrol.com/news/business/dabur-forecasts-fourth-quarter-revenue-growth-in-mid-single-digit-percentage-13879330.html
#InPics 📸 | Fresh visuals of Earth captured from deep space have been released by NASA, offering a striking look at the planet as seen from the Orion spacecraft during the ongoing Artemis II journey.
https://www.instagram.com/p/DWrPnU5kohx/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
https://www.instagram.com/p/DWrPnU5kohx/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==
Pak's Khawaja Asif warns India: 'Next conflict won’t stay within 200-250 km, we will strike them inside their homes'
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Moneycontrol
Pak's Khawaja Asif warns India: 'Next conflict won’t stay within 200-250 km, we will strike them inside their homes'- Moneycontrol.com
His remarks came after defence minister Rajnath Singh said any "misadventure" from India's neighbour, Pakistan, in the current situation would invite an "unprecedented and decisive" action
🚨 Iran snubs US talks, Pakistan-led ceasefire push collapses: Report
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Moneycontrol
Iran snubs US talks, Pakistan-led ceasefire push collapses: Report- Moneycontrol.com
Iran has conveyed to mediators that it is unwilling to meet US officials in Islamabad in the coming days, the report said, adding that it also considers the US proposals unacceptable.
Musk asks SpaceX IPO banks to buy Grok AI subscriptions, reports
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Moneycontrol
Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports- Moneycontrol.com
Some banks have agreed to spend tens of millions of dollars a year on the chatbot and have begun integrating it into their IT systems, the report said.
UN Hormuz vote now expected next week; China opposes authorization of force
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Moneycontrol
UN Hormuz vote now expected next week; China opposes authorization of force- Moneycontrol.com
A meeting of the Council's 15 members was initially set for Friday, then rescheduled for Saturday. Several diplomats said it had now been postponed until next week, with no new date yet announced.
Debris from intercepted Iranian projectile hits Oracle office in Dubai, no injuries reported
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Moneycontrol
Debris from intercepted Iranian projectile hits Oracle office in Dubai, no injuries reported- Moneycontrol.com
Iranian state media had, earlier this week, claimed that a strike targeted an Oracle data centre in Dubai. However, UAE authorities had swiftly rejected the claim.
#TechWithMC | Google upgrades Google One AI Pro storage to 5TB at no extra cost, includes Reliance Jio bundle users
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Moneycontrol
Google upgrades Google One AI Pro storage to 5TB at no extra cost, includes Reliance Jio bundle users- Moneycontrol.com
=Google has upgraded Google One AI Pro plans to 5TB storage at no extra cost, a move that could align with bundled offerings through Reliance Jio services in India.
'Global shocks tested resilience, India has come through solidly': Jaishankar
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Moneycontrol
'Global shocks tested resilience, India has come through solidly': Jaishankar- Moneycontrol.com
Jaishankar said the world is confronted with the prospects of securing itself in an increasingly volatile and unpredictable environment.