Major cement manufacturers reported a decline in margins in the September quarter, mainly on account of lower prices, leading to lower sales realisation. Barring three leading cement producers -- UltraTech Cement, Ambuja Cement, and Dalmia Bharat -- other smaller players topline and sales volume in the second quarter of the current fiscal year.

Hyperlocal e-commerce app magicpin has slashed platform charges to Rs 5 per delivery, half of the fee set by its competitors, a top company official said on Sunday. Around two weeks back, Zomato and Swiggy raised platform fees in the range of 42-67 per cent per delivery. Magicpin founder and CEO Anshoo Sharma, on social media platform X, announced the reduction in platform fees.

Bitcoin's decentralization is being threatened by growing centralization, with four miners controlling 80% of the computing power and large institutions owning significant amounts of Bitcoin, but this centralization may be necessary for Bitcoin to go mainstream and could be a positive catalyst for its growth.

Taking the proposed Hyderabad Metro Rail Phase II project forward, Telangana govt has given administrative sanction for the 24,269 crore project to be taken up as a joint venture with the Centre. Five Metro corridors covering 76.4 km will be undertaken jointly by the state govt (Hyderabad Airport Metro Limited) and the Centre on a 50:50 basis.

Despite election uncertainty, the stock market has remained robust, with the S&P 500 surging 20% year-to-date, making it the most bullish election-year market in decades. Morgan Stanley analysts have identified two stocks, Tenaya Therapeutics and Royalty Pharma, poised for substantial growth regardless of the election outcome, with potential upside as high as 670% and 88%, respectively.

The Federal Reserve is expected to cut interest rates for a second time this year, reducing its benchmark rate to around 4.6%, as inflation continues to cool. The decision is unlikely to be affected by the presidential election outcome, but future rate cuts may be impacted by the new administration's policies, particularly if Donald Trump wins and imposes high tariffs.

Non-resident Indians (NRIs) now have a faster, more convenient option than traditional wire transfers to send money to family or make payments in India. The National Payments Corp. of India (NPCI) has extended UPI access to NRIs who hold non-resident external (NRE) or non-resident ordinary (NRO) accounts. This expansion allows NRIs to conduct instant transactions from their smartphones using UPI.

Election Day is almost here. The looming question remains how a Donald Trump or Kamala Harris victory will shape the market narrative for the rest of the year and beyond. Investors should soon learn the answer, with Americans heading to the polls next Tuesday. In the week before the election, the S&P 500 (^GSPC) fell about 1.37%.

Dr Reddy’s Laboratories has announced a recall of more than 3.31 lakh bottles of Cinacalcet tablets sold in the US. These tablets are used to treat high calcium levels and hyperparathyroidism. The recall is due to manufacturing problems that violate current good manufacturing practices (CGMP). The US Food and Drug Administration (FDA) reported that these tablets contain impurities.

And it came to pass that Odysseus was forced to make a choice. The famed Greek hero of the epic poem The Odyssey encountered all manner of perils in his 20-year struggle to get back home. Veteran Wall Street analyst Stephen Guilfoyle favors Palantir Technologies over Nvidia, citing Palantir's strong balance sheet and CEO Alex Karp's unique leadership style, with a target price of $48.

There’s a well-known but poorly understood investment that the head of the world’s largest asset manager, BlackRock CEO Larry Fink, thinks is an alternative to gold. During the company’s third quarter earnings call last month, an analyst from Barclays asked what a new president in the White House more friendly to the cryptocurrency industry could mean for business opportunities.

📌India's GST collections in October 2024 grew 8.9% year-on-year to ₹1.87 lakh crore, indicating sustained economic momentum driven by domestic consumption and imports. 📌India's economy is experiencing a positive environment, fueled by resilient consumer demand and steady import activity. 📌Waaree Energies debuted at a 70% premium, highlighting investor interest in renewable energy.

As India steps into the new financial year marked by Samvat 2081, investors are reflecting on a buoyant period in the markets while preparing for the uncertainties ahead. In an interview with CNBC-TV18, Ashish Shanker, MD & CEO of Motilal Oswal Private Wealth, urged a cautious yet optimistic approach to the new year, emphasising the importance of balanced portfolios and tempered expectations.

Omaha (US) (AP): Warren Buffett is now sitting on more than USD 325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway's assorted businesses without finding any major acquisitions.

The second quarter earnings season is underway and as many as 170 companies will declare their results this week. Some of the marquee names include 📌Titan, 📌Asian Paints, 📌PB Fintech, 📌IRCTC, 📌IRFC, 📌RVNL, 📌Mazagon Dock Ship, 📌Tata Steel, 📌Mahindra & Mahindra, 📌Trent, 📌LIC, 📌MRF, 📌Tata Motors, and 📌SBI among others.