Business

Nov 12 (Reuters) – Indian drugmaker Zydus Lifesciences (ZYDU.NS), opens new tabon Tuesday reported a 14% rose in second-quarter profit, helped by strong demand for generic drugs in its key United States and Indian markets.The company’s consolidated net profit rose to 9.11 billion rupees ($107.93 million), in line with analysts’ average estimate of 9.13 billion…

India’s largest electric vehicle manufacturer Tata Motors has made a strong debut in the stock markets. The company’s shares rose 3 percent to Rs 829. Although the company’s shares remained weak in the second quarter, it was completely below experts’ estimates. The company’s net profit fell 11 percent to Rs 3,343 crore compared to the…

Shares of cryptocurrency mining company HIVE Digital have surged 11% following its October production report reflecting a substantial year-over-year jump in bitcoin holdings.In its latest report, HIVE Digital announced that it mined 117 Bitcoin in October, marking a 1% increase month-over-month. The firm’s HODL portfolio has grown to 2,624 BTC, an increase of 51% over…

The news: News Corp. reported a 3% rise in first-quarter revenue, driven by expansion in book publishing, real estate services and Dow Jones segments.The company also announced that its Chief Financial Officer Suzanne Panuccio will step down from her position in January 2025 and will be replaced by Lavanya Chandrasekar.The figures: News Corp. posted first-quarter…

Nov 4 (Reuters) – Oil prices rose nearly 3% on Monday after OPEC+ decided to delay plans to raise output by a month, while investors also focused on the U.S. presidential election.Brent futures rose $1.98, or 2.7%, to $75.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose $1.98, or 2.85%, to $71.47. Brent fell…

Ashok Leyland shares fell over 3 per cent on November 4 after it reported a marginal decline in October sales.As of 11:10 am, the stock was trading 2 per cent lower at Rs 204. Though it has gained 10 per cent so far this year, in line with the performance of the Nifty 50, Ashok…

The two-wheeler manufacturer’s total sales grew 13% to 489,015 units in October 2024, as against 434,714 units sold in October 2023.Total two-wheeler sales registered a growth of 14%, growing from 420,610 units in October 2023 to 478,159 units in October 2024.Domestic two-wheeler sales stood at 390,489 units in October 2024, up 13% from 344,957 units…

Oil prices rose more than 2 percent on Wednesday after Reuters reported that OPEC+ may delay oil production increases scheduled to be implemented in December by a month or more due to concerns about low oil demand and rising supplies.Brent crude futures rose $1.41, or 2 percent, to $72.53 a barrel by 1236 GMT. US…