Northern Arc has secured USD 65 million for its first climate fund, aiming to support sustainable businesses in India. The fund, backed by DFC and OeEB, will provide debt financing to companies in renewable energy, energy efficiency, and other green sectors.
Emcure Pharmaceuticals reported a 38.2% YoY rise in Q2FY25 net profit to Rs 202 crore, driven by strong domestic and international sales. Revenues grew 20.4% to Rs 2,002 crore, while EBITDA rose 26%, with margins at 20.8%.
Celebrity endorsements for Kamala Harris, including Taylor Swift and Beyoncé, did not sway voters significantly. Critics argue these endorsements preached to the choir, did more for the celebrities themselves, and were less influential in changing public opinion.
JB Pharma reported a 16% YoY increase in Q2FY25 net profit to Rs 175 crore, driven by 22% growth in domestic business. Revenues rose 13% to Rs 1,001 crore, while EBITDA grew 13%, maintaining margins at 28.4%.
IIM Shillong celebrated its 18th Foundation Day by launching three initiatives: Nurturing Minds, a school adoption program; Skill to Enterprise Model (STEM), supporting businesses in the Northeast; and Northeast Enterprise Empowerment Venture (NEEV), addressing regional challenges. The event also featured panel discussions on leadership and the future of work, emphasizing IIM Shillong's commitment to community and innovation.
Alembic Pharma reported a 12% YoY rise in Q2FY25 net profit to Rs 153 crore, driven by strong domestic and US market sales. Revenues grew 3% to Rs 1648 crore, while EBITDA declined 6%, with margins at 15.6%
Iranians are divided on what a second Trump presidency means for the US-Iran relationship. While some fear heightened tensions and potential conflict, others hope for diplomatic engagement. The recent reelection of Donald Trump has sparked mixed reactions in Iran, with some expressing concern over potential escalation and others holding onto hope for diplomatic solutions.
West Bengal Junior Doctor’s Forum has called for a mega rally on November 9, demanding justice for a PGT doctor who was raped and murdered 90 days prior. Junior doctors are dissatisfied with the CBI investigation's progress and court date postponements, urging public participation in the rally for justice and improved healthcare safety.
Despite not being on the ballot, Joe Biden's legacy is intertwined with Kamala Harris's defeat. Critics argue his late withdrawal from the presidential race, fueled by concerns about his age and handling of key issues, hampered Harris's campaign and ultimately led to the Democrats' loss.
Aadhar Housing Finance's stock has risen 47% since its IPO, driven by strong growth and government focus on affordable housing. Despite market volatility, the stock has gained 8% in the past month, attracting investor interest.
Recent reports are claiming that Elon Musk, the Tesla CEO is in a bit of a trouble right now following the US Presidential elections 2024. Numerous voters are reported to be suing Elon Musk for a fraud over $1 million election giveaway.
Allan Lichtman, the renowned historian famous for predicting nine out of the last ten presidential elections, faces a shocking twist in the 2024 race. His trusted "13 Keys" model projected a narrow victory for Vice President Kamala Harris, but instead, former President Donald Trump made a stunning comeback, reclaiming the White House.
Prime Minister Narendra Modi is scheduled to hold nine rallies across Maharashtra over the next week as part of the BJP's campaign for the upcoming state assembly elections. His first rally will be in Dhule on Friday, followed by public meetings in Nashik, Akola, and Nanded. Modi will also participate in a roadshow in Pune on November 12.
The Governor of Assam, alongside Bhutan's Prime Minister, inaugurated the Integrated Check Post (ICP) Darranga, bolstering cross-border trade and connectivity. The new infrastructure, situated near the Bhutan border, is equipped with modern facilities to streamline trade and travel, strengthening economic and cultural ties between the two nations.
A Pennsylvania man, Benjamin Garcia Gual, is facing homicide charges after allegedly stabbing his girlfriend, Carmen Martinez-Silva, to death over a haircut. The incident occurred in front of her brother's home, where Gual also stabbed her brother, Luis Martinez-Silva, who tried to intervene. Gual was apprehended at the scene and is currently being held without bail.
Union Home Secretary Govind Mohan visited Assam to review the law and order situation and the progress of border agreements. Mohan also reviewed the implementation of peace accords and Assam's success in countering insurgency, drugs, and other crimes. It was decided to expedite the implementation of border agreements with Meghalaya and Arunachal Pradesh.
The domestic market saw deeper cuts, erasing Wednesday's gains amid disappointing Q2 results and ongoing FII selling. Investors are focused on the upcoming Fed meeting and domestic public spending.
The edtech unicorn, which posted a huge jump in miscellaneous expenses to Rs 1,453 crore from Rs 170 crore, said this comprises non-cash expenses related to the revaluation of its preference shares. This led to a one-time cost of Rs 756 crore in fiscal 2024.
AkzoNobel India reported a 4% YoY increase in PAT to Rs 97.9 crore and a 3% rise in revenue to Rs 982.3 crore, despite rising raw material costs. The company declared a Rs 70 interim dividend and is exploring strategic options in the Indian market.
Steel Authority of India Ltd (SAIL) reported a 31% YoY decline in Q2 net profit to Rs 897.15 crore, with total income down 16.8%. Lower performance was due to cheaper imports, price drops, and inventory challenges.
Pragya Singh Thakur, a key accused in the 2008 Malegaon blast case, posted a photo of her swollen face on social media, claiming "Congress torture" caused her lifelong pain. She vowed to attend court if her health permits.
Tata Steel's CEO has warned that an influx of cheap Chinese steel imports is threatening the Indian steel industry. The surge in imports, deemed "unfairly priced," could stifle investment in the domestic market. While Indian demand for steel is booming, the influx of Chinese products is keeping prices low. The industry is urging the government to implement protective measures like tariffs to curb the flow of imports.
WPL 2024 retention list: The five Women's Premier League franchises have revealed their retentions for the 2025 season, holding onto key players like Smriti Mandhana, Harmanpreet Kaur, and Meg Lanning. A total of 71 players, including 25 international stars, will remain with their respective teams. The auction for the remaining slots is set to be a thrilling affair.
Omead Afshar, a longtime aide to Elon Musk, world's richest man, is a powerful executive reshaping electric vehicle company Tesla. He has often been called by various nicknames by his co-workers, owing to his ability to understand Musk's mind and mood. He has worked with Tesla, Space and X, formerly Twitter.
