Category: News
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IIM Bodh Gaya collaborates with PCI India to elevate Healthcare Management Education
Indian Institute of Management Bodh Gaya has signed a Memorandum of Understanding (MoU) with PCI India to strengthen the public health domain. IIM Bodh Gaya started the 2-year full-time MBA (Hospital & Healthcare Management) in 2023. The programme is designed to provide a holistic appreciation of the healthcare industry, including large corporate hospitals, public health,…
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DIIs make net investment of Rs 98,400 crore in Markets During October
Domestic institutional investors (DIIs) have injected a significant amount of funds into the Indian markets, with net investment crossing the Rs 98,400 crore mark. This development has provided a substantial boost to market sentiment, underscoring the confidence of domestic investors in the country’s economic growth story. According to data from the Securities and Exchange Board…
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Meesho’s Revenue Rises 33% to Rs 7,615 Crore in Latest Financial Year
Meesho, India’s leading social commerce platform, has reported a significant 33% year-over-year growth in revenue, reaching ₹7,615 crore for the financial year 2022-23. This substantial increase underscores the company’s expanding presence in the e-commerce market. Meesho’s revenue surge can be attributed to its strategic focus on empowering small businesses and entrepreneurs, particularly in Tier II…
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UK Government Unveils Biggest Tax Rise in 30 Years, £52 Billion
In a significant move, the UK government has unveiled its latest budget, which includes a substantial tax hike of £52 billion, the largest in three decades. This increase aims to address the country’s mounting debt and stabilize the economy. Chancellor Jeremy Hunt presented the budget, outlining measures to tackle inflation, reduce borrowing, and promote economic…
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Swiggy IPO Attracts $15 Billion in Bids from Top Investors, Including Norges and Fidelity
Food delivery giant Swiggy’s initial public offering (IPO) has garnered significant interest from prominent investors, with bids totaling $15 billion, according to a report. This development underscores the enthusiasm surrounding the company’s market debut. Investors such as Norges Bank Investment Management, Fidelity International, and Capital Group have expressed interest in participating in the IPO, the…
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Sensex, Nifty End Samvat 2080 on Muted Note, Down 0.5% Due to IT Stock Decline
The Indian stock market concluded Samvat 2080 on a lackluster note, with the benchmark indices experiencing a decline of 0.5% due to significant losses in IT stocks. The Sensex dropped 345 points to 61,271, while the Nifty50 index fell 91 points to 18,245. The market’s downward trajectory was primarily driven by the IT sector, with…
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Biogen Surpasses Projections, Raises Outlook on Alzheimer’s Drug Leqembi Momentum
Biogen Inc. delivered a promising third-quarter report, surpassing expectations on revenue and adjusted earnings, driven by the growing success of its groundbreaking Alzheimer’s treatment, Leqembi. The biotech giant raised its full-year profit guidance, citing momentum from Leqembi and other new products. Biogen’s optimism stems from Leqembi’s accelerating uptake, which has steadily increased over the past…
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Cloud Revenue Lifts Alphabet Earnings, Shares See Significant Gain
Google’s parent company Alphabet Inc. stunned Wall Street with its impressive third-quarter earnings report, surpassing expectations on both revenue and profit. The tech giant’s shares skyrocketed by 6% in after-hours trading. Alphabet reported earnings per share of $2.12, beating estimates of $1.85, while revenue reached $88.27 billion, exceeding forecasts of $86.30 billion. YouTube advertising revenue…
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Japan’s Election Results: What’s Next for Investors?
Japan’s stock market defied expectations on Monday with a significant rally, as the yen slipped to a three-month low following the country’s parliamentary election. The ruling Liberal Democratic Party (LDP) and its coalition partner Komeito secured 215 out of 465 seats, falling short of the 233 needed to win power in Japan’s lower house. This…
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Marico Q2 Profit Jumps 20% to ₹433 Crore, Revenue at ₹2,664 Crore
Homegrown fast-moving consumer goods (FMCG) major Marico Ltd reported a significant 20.27% year-on-year (YoY) increase in consolidated net profit to ₹433 crore for the September quarter (Q2FY25), up from ₹360 crore in the corresponding quarter last year. Marico’s consolidated revenue from operations rose 7.6% YoY to ₹2,664 crore, compared to ₹2,476 crore in Q2FY24. Total…