Brokerages have cut their estimates of listed diagnostics players for the financial year 2023-24 (FY24) after mixed December quarter results and muted near-term outlook. Their volumes and realisations will be under pressure due to weakness in Covid-adjusted performance and higher competitive pressures, the brokerages believe. In a post-Q3 results note on Dr Lal Pathlabs, Bhavesh Gandhi of YES Securities pointed […]

The Denver-based energy company Ovintiv Inc. on Monday announced a nearly $4.3 billion deal for 65,000 acres of largely undeveloped resources and 1,050 well locations in the prolific Permian Basin in Texas. The deal was announced just a day after Saudi Arabia and other major oil producers said they will cut output by more than a million barrels a day. […]

Disney CEO Bob Iger said the company has reached a new stage of its evolution in streaming and will consider “on occasion” licensing some titles to third parties. Responding to a question from a shareholder during the company’s annual meeting, conducted virtually this year, Iger acknowledged there had been a period in the late-2010s when the company clawed back streaming […]

It was another extraordinary quarter for Tesla Inc. (NASDAQ: TSLA) sales. During the opening three months of this year, the electric vehicle (EV) maker produced 440,909 cars. Any manufacturer wanting to compete with Tesla must contend with a leader that continues to post extraordinary numbers. (These companies control more than half of their industries.) Ford Motor Co. (NYSE: F), a […]

The dilemma of getting through the cost of living crisis or having peace of mind there would be enough to meet her funeral expenses became too much for a widow and she pulled the plug on her insurance plan. “The premium was costing me £50 a month and I couldn’t do it anymore,” explains 89-year-old Doris Kennedy. But her action […]

Elon Musk’s Twitter had pledged to remove the blue ticks from all legacy accounts on April 1, but it appears few have met that fate. As of this morning, few official or legacy accounts had lost ticks, although Musk did remove The New York Times’ tick after being alerted by a user that the paper had stated it will not […]

The Vietnam War was the first major conflict seen live on televisions in American living rooms. On a nightly basis, we watched airplanes drop bombs, soldiers tramping through rice paddies and jungles, villages set on fire, and the suffering of the Vietnamese people.  The war also was captured in unforgettable images from intrepid photographers – photojournalists from all over the […]

India’s largest listed pharmaceutical (pharma) company — Sun Pharmaceutical Industries (Sun Pharma) — is expected to maintain its outperformance vis-à-vis the sector’s, as its multiple bets on specialty products, improving product mix, recent acquisitions, and branded business are finding favour with brokerages. While it has gained 7 per cent over the past year, the Nifty Pharma Index is down 13.6 […]

The Federal Deposit Insurance Corp. or FDIC announced an agreement, underwhich First-Citizens Bank & Trust Co., affiliated to First Citizens BancShares, Inc., will buy all deposits and loans of Silicon Valley Bridge Bank, N. A. out of FDIC receivership. The FDIC has been Silicon Valley Bank’s receiver after it was collapsed and closed by the New York State Department of […]