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Cipla Q1 results: Cipla Q1 profit rises 10% to Rs 1,298 crore; revenue grows to Rs 6,957 crore on India, Africa boost
Cipla reported a 10% increase in consolidated profit after tax, reaching ₹1,298 crore for Q1 FY26, driven by strong sales in India, Europe, and Africa. Total income from operations rose to ₹6,957 crore. The company's India market sales grew by 6% to ₹3,070 crore, while North America sales saw a 7% decline. Following the earnings announcement, Cipla shares traded 3.
EU sanctions on Russia oil: Indian oil refiner Nayara Energy CEO Alessandro des Dorides resigns; Russia-backed refinery key fuel retailer
Nayara Energy, an Indian oil refiner backed by Russia, has appointed Sergey Denisov as its new CEO, succeeding Alessandro des Dorides, who resigned due to EU sanctions targeting the company's ties with Rosneft. Despite EU pressure, Nayara remains a key private-sector refiner and fuel retailer in India, with New Delhi distancing itself from the EU's actions.
MIB sees mixed trends: DTH takes a hit; FM Radio tunes into growth in FY25
The Ministry of Information and Broadcasting experienced a decline in DTH revenue in FY25, reflecting a shrinking pay TV user base, while private FM radio witnessed revenue growth. DTH revenue fell by 25% over two years, whereas FM radio revenue steadily increased. This shift indicates changing viewer preferences towards digital platforms, impacting the traditional DTH sector.
‘Made to sign documents under coercion…’: Late Sunjay Kapur’s mother Rani Kapur writes to Sona Comstar board; calls son’s death ‘sudden and suspicious’
Rani Kapur, mother of the late Sunjay Kapur, has requested Sona Comstar to postpone its AGM, citing her son's death. She alleges being coerced into signing documents without understanding them during her grieving period. Kapur also expresses concerns about recent management changes and lack of transparency, seeking a delay to properly evaluate proposed resolutions and gather information.
Louis Vuitton eyes US expansion: CEO Bernard Arnault announces second Texas factory; hopes for good results from US-EU trade talks
LVMH, grappling with declining sales and consumer fatigue, plans a second Texas factory amid US-Europe trade tensions. CEO Bernard Arnault advocates for trade agreements while the company navigates challenges in its fashion and leather goods division. Despite a sales drop, LVMH sees potential in its brands and a revival in China, facing competition from mass-market players.
India hits 20% ethanol blending target 5 years early; big jump from 1.5% in 2014: Report
India has achieved its goal of blending 20% ethanol with petrol, five years ahead of the initial 2030 target, according to ISMA. This accomplishment has led to a significant reduction in carbon emissions and substantial financial benefits for farmers and distilleries.
‘Been hit quite hard…’: Bajaj Auto reels from China’s rare earth magnet curbs; Rajiv Bajaj says ‘looking at a zero month’
Bajaj Auto may halt electric scooter production in August due to China's rare earth magnet curbs, impacting Chetak and GoGo models. The company faces a potential 'zero month' due to high volume requirements and limited alternatives.
Indian-origin middle-class family boy turns billionaire: Alphabet CEO Sundar Pichai joins elite club; despite not being a founder
Alphabet's strong earnings have propelled its market value, rewarding investors. This surge has also elevated CEO Sundar Pichai to billionaire status. Pichai's wealth stems from his leadership and compensation, a rarity for non-founder tech CEOs. Alphabet's success is fueled by artificial intelligence and cloud service demand.
'I'd love him to lower interest rates': Donald Trump grills Powell to cut rates; spars over Fed renovation costs in rare headquarter visit
Donald Trump confronted Federal Reserve Chair Jerome Powell during a visit to the Fed's headquarters, criticizing renovation cost overruns and reiterating his demand for lower interest rates. Trump, accompanied by White House officials, questioned the $3.1 billion project, a figure Powell disputed.
Gold price prediction today: What's the gold rate outlook for July 25, 2025; why a 'sell on rise' strategy makes sense?
Gold price prediction today: Analysts predict continued pressure on gold rates with a bearish near-term outlook. Technical indicators suggest limited upside potential, favoring a 'Sell on Rise' strategy around ₹99,000 with a stop-loss at ₹99,450.
Stock market today: Nifty50 goes below 25,000; BSE Sensex down over 300 points
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Friday. While Nifty50 went below 25,000, BSE Sensex was down over 300 points.
Asian stocks dip, breaking longest winning streak; S&P 500 notches record closing highs - Fed uncertainty weighs on global sentiment
Asian markets declined, ending a winning streak amid uncertainty over US Federal Reserve rate cuts. Japan and Australia saw losses, while South Korea saw slight gains. Wall Street hit new highs, driven by technology, despite broader market weakness. Investors are now more confident about limited economic impact from tariff policies.
‘Confident India will get special treatment…’: Piyush Goyal says trade deal talks with US making ‘fantastic’ progress; ‘important to…’
Commerce Minister Piyush Goyal has spoken of 'fantastic' progress in India-US trade deal negotiations. Both countries are looking for a mini or interim agreement before the August 1st deadline. India seeks preferential market access, while the US pushes for access to India's agriculture and dairy sectors.
Top stocks to buy today: Stock recommendations for July 25, 2025 - check list
Stock market recommendations: Bajaj Broking Research suggests a cautiously optimistic market outlook for July 25, 2025, highlighting Gujarat Pipavav Port Ltd (GPPL) and National Aluminum as top stock picks. Nifty is rangebound, supported by key technical levels, while Bank Nifty consolidates with a bullish undertone.
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Cipla Q1 results: Cipla Q1 profit rises 10% to Rs 1,298 crore; revenue grows to Rs 6,957 crore on India, Africa boost
Cipla reported a 10% increase in consolidated profit after tax, reaching ₹1,298 crore for Q1...
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