MUMBAI : India Inc. showed a mixed financial performance in the September quarter as they faced the brunt of rising input costs. This, coupled with increased working capital and capital expenditure needs in a rising loan rate scenario, severely impacted companies’ interest coverage ratio. The burden on mid-cap companies was steeper as any impact of … Read more
Bristol Myers Squibb says it expects to cancel some drug development programmes due to US government drug pricing rules that are due to be phased in from next year. Giovanni Caforio, chief executive of the US drugmaker, told the Financial Times it was reviewing its portfolio and expected that some drug candidates would not be … Read more
Operating margin of ETIG’s sample fell 530 basis points to 15% in the September quarter, the steepest fall in at least nine quarters. On a sequential basis, it contracted 200 basis points. Synopsis Companies found it difficult to fully pass on the impact of an effectively higher cost base to consumers amid intense competition to … Read more
New York | London: Global stocks rallied on Friday for a second day on hopes cooler US inflation would lead to less aggressive interest rate hikes by the Federal Reserve, an outlook that pushed the dollar to its biggest two-day drop in 13 years. On Wall Street, stocks rose to add to the prior day’s biggest … Read more
SYDNEY, Oct 21 (Reuters) – Widespread floods that have inundated large parts of Australia’s southeast will dent the country’s economic growth and increase inflation, Treasurer Jim Chalmers said on Friday, ahead of next week’s federal budget. Floods will likely detract a quarter of a percentage point from GDP growth in the December quarter, and add … Read more
Mini Hero MotoCorp has introduced two trims of its first electric scooter — Vida V1 Plus and Vida V1 Pro — tagged at Rs 1.45 lakh and Rs 1.59 lakh (ex-showroom), respectively. Since the launch, two-wheeler maker’s shares have slipped more than 3 percent. Buy / Sell Hero Motocorp share Hero MotoCorp has entered the … Read more
Minneapolis CNN Business — The devastation wrought by Hurricane Ian likely caused more than $50 billion in damages — and also dinged overall US economic output, economists say. Initial damages from the deadly storm are estimated to be in the range of $45 billion to $55 billion in Florida and at least several billion dollars … Read more
RAW: FILE: HURRICANE IAN COULD PUT A DENT IN U-S GDP GROWTH 69News WFMZ-TV Source link
Robert Page Robert Page insisted that Wales’ relegation from the Nations League’s top tier is not going to “derail” his World Cup-bound team. Wales’ send-off ended in a 1-0 defeat to Poland at Cardiff City Stadium and demotion from League A. Karol Swiderski, just as he had done when the two sides met in Wroclaw … Read more
Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month over month. Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month over month bump and year to year … Read more