Stocks have moved mostly lower during trading on Wednesday, with the major averages all moving to the downside after ending the previous session narrowly mixed. Currently, the major averages are just off their lows of the session. The Dow is down 176.09 points or 0.5 percent at 33,821.56, the Nasdaq is down 139.58 points or 1.0 percent at 13,394.16 and […]

Israel and the Palestinians have blamed each other for the deadly attack on a Hospital in northern Gaza. Hundreds of fatalities and injuries have been reported in a rocket explosion in Al Ahli Arab Hospital Tuesday night. The hospital was operational, with patients, health and care givers, and internally displaced people sheltering there. The hospital was one of 20 in […]

The U.S. Food and Drug Administration approved Servier Pharmaceuticals LLC’s Tibsovo (ivosidenib) to treat rare form of blood cancers called relapsed or refractory or R/R Myelodysplastic Syndromes. This is the first targeted therapy approved for this indication of R/R myelodysplastic syndromes or MDS with an isocitrate dehydrogenase-1 (IDH1) mutation. The agency also approved the Abbott Laboratories’ RealTime IDH1 Assay as […]

Luxury electric car maker Tesla Inc. has received multiple subpoenas from the U.S. Department of Justice mainly seeking information regarding its electric vehicles and certain personal benefits, as revealed in its third-quarter filing with the U.S. Securities And Exchange Commission. The company noted that subpoenas from the DOJ included requests for documents related to Tesla’s driver assistance systems, Autopilot, and […]

Multiple triggers ranging from geopolitical tensions in the Middle East, sticky CPI and renewed Fed fears, tensions between U.S. and China, all swayed market sentiment at the onset of the earnings season. Wall Street Futures are trading with modest gains. European benchmarks are also trading on a positive note. Asian stocks declined amidst rising tensions between U.S. and China. The […]

In the last three years, 20 gardens have changed hands, and 90 per cent of the buyers are from non-tea background. In 2015, Prime Minister Narendra D Modi presented Queen Elizabeth an award-winning variety from the Makaibari estate on his visit to the United Kingdom. Last month, the ‘Champagne of teas’ made it to the G20 hamper for world leaders, […]

‘The last year’s growth is a foretaste of things to come in the retail credit market.’ Did you know that fintech lenders gave out Rs 29,875 crore (Rs 298.75 billion) in loans in Q1 of financial year 2023-2024 (Q1 FY24), up year-on-year by 81.41 per cent This is contrary to the widely held view that these firms have been caught […]

European stocks were subdued on Monday as investors fretted about escalating tensions in the Middle East and rising Treasury yields. Israel’s Ambassador to the UN, Gilad Erdan said his country “has no interest” in occupying Gaza but will do “whatever is needed” to eliminate the Palestinian Hamas militant group which controls the densely populated coastal enclave. Meanwhile, European government bond […]

Kajaria Ceramics, the country’s leading listed tile manufacturer, has seen its stock fall by 7 per cent over the past month amid concerns about rising input costs and sluggish domestic demand. Other listed stocks also experienced weakness in September, although there was some recovery in October. While strong exports are expected to help stabilise domestic market prices, the surge in […]

Fast moving consumer goods (FMCG) companies are expected to see muted topline growth, with uneven spread of the monsoon impacting demand. Rural demand recovery, too, remains elusive in the July-September quarter. Brokerages expect volumes to remain steady in the quarter on a sequential basis. “On rural demand, we believe that the overall recovery, although not sharp, is witnessing some signs […]