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HinduBusinessLine
12h
28
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Net profit of Zydus Lifesciences jumps 97%
- The net profit of Zydus Lifesciences jumped 97% fueled by strong performance in the fourth quarter of 2023-24.
- In the fourth quarter, the profit rose by 299% to ₹1,182.3 crore.
- The revenue from operations for the fiscal stood at ₹19,547 crore, representing a 13% increase over the previous year.
- Zydus Lifesciences aims to sustain strong performance in 2024-25 with revenue growth and improvement in EBITDA margins.
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Baystreet
12h
86
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Cytokinetics to Host Muscle Seminar
- Cytokinetics, Incorporated will host the muscle biology-focused Contemporary Landscapes in Muscle Biology Research Symposium (CLIMB) in San Francisco.
- The symposium aims to foster collaboration, networking, and interdisciplinary dialogue in muscle biology research.
- CLIMB will include expert speakers and poster presentations on innovative research in muscle biology.
- CYTK shares declined 1.7% to $58.93.
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HinduBusinessLine
12h
68
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Govt continuing to work on detailed guidelines for electric vehicle policy
- The Ministry of Heavy Industries is conducting stakeholder discussions for the detailed guidelines of the electric vehicle policy.
- Automobile companies can apply under the policy by committing to the required investments and seeking incentives.
- The guidelines aim to provide clarity on rules regarding investments in EV manufacturing, reduced customs duty, and import limits.
- A maximum of 40,000 EVs would be permissible if the investment is $800 million or more.
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Baystreet
12h
83
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OceanPal Hooks up with Sphinx
- OceanPal Inc. (NASDAQ: OP) has entered into a Support Agreement with Sphinx Investment Corp.
- Sphinx has agreed to support the Company's Board and cease its efforts regarding director elections and shareholder proposals.
- Sphinx will vote in favor of the Board's recommended directors and certain other proposals until 2029.
- OceanPal is a global shipping transportation services provider.
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Tech Story
12h
358
Go Digit General Insurance gets subscribed 6 times on final IPO day
- Go Digit General Insurance's IPO subscription rate was 6.6 times the number of shares offered.
- The IPO comprised a mix of fresh issue and offer for sale, with a total worth of Rs 2,614.65 crore.
- Strong demand was seen across individual, non-institutional, and qualified institutional investor categories.
- Go Digit aims to utilize the proceeds to strengthen its operations and expand services in the insurance industry.
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Baystreet
13h
3
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Xpeng Gains on ’26 EV Delivery Target
- Xpeng AeroHT, an affilaite of Xpeng (NYSE:XPEV), aims to deliver its flying car to customers in 2026.
- The flying car, called the Land Aircraft Carrier, can detach from a truck and people can fly the electric drone inside.
- Xpeng hopes to create flying parks and zones in scenic areas where people can enjoy flying without complicated approvals.
- The delivery timeline of the flying car has been slightly delayed to 2026, as it is undergoing certification with the Chinese aviation regulator.
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TechBullion
13h
0
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Understanding the Key Differences among AC and DC EV Chargers: How They Stand Out
- AC and DC chargers are two different methods of getting an EV’s battery back, and each of the methods has its unique features and applications.
- AC chargers are quite popular in residential and commercial setups, and DC chargers are preferred in situations where speed matters, such as highway charging stations.
- AC chargers are generally cheaper to install and maintain than DC chargers and have a universal nature that allows them to be used for a wide range of electric vehicles.
- Level 1 AC chargers are ideal for overnight charging at home while Level 2 chargers operate faster and are more suited to charging at workplaces, parking areas and public charging locations.
- DC chargers or level 3 chargers supply the direct current directly to the EV’s battery without the need for onboard conversion. This approach, therefore, removes the need for the car’s systems to convert the AC that is received from the grid, thereby boosting efficiency.
- DC chargers output enormous power which makes the EV’s batteries recharged rapidly, therefore, making DC chargers significantly quicker, and in some cases, they are essential for long-distance travel or in the instances where quick top-ups are needed.
- DC chargers can supply much higher power levels than AC chargers, which makes charging more convenient for drivers, especially for long-distance travel or quick top-ups during the day.
- DC chargers need specialized infrastructure that can handle the high power needs, which implies the need for specialized setups and often involves higher installation fees.
- The AC chargers use existing electrical infrastructure which makes them economical and convenient for deployment. In contrast, DC chargers are more accessible or require less specialized infrastructure but at the expense of higher installation costs and logistical challenges.
- AC chargers are more common among EVs than DC chargers and are more ideal for situations where a large chunk of time is available for charging, like when charging at home or the office.
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HinduBusinessLine
13h
58
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Soaring copper prices likely to come under pressure on sluggish Chinese property sector
- Copper prices are likely to come under pressure due to sluggish Chinese property sector and higher inventories.
- Chilean Copper Commission forecasts a supply deficit of 364,000 tonnes compared to demand for this year, raising copper price forecast.
- Analysts predict a downward correction in copper prices due to prolonged crisis in China's property market and high refined copper output.
- Factors such as rising consumption from grid infrastructure and clean energy, global demand increase, and US monetary policy will affect copper prices.
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Crypto-News-Flash
13h
7
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Are ETFSwap (ETFS), Blockdag (DAG), And DTX Exchange The Top Crypto Presales Of 2024?
- ETFSwap (ETFS) has emerged as the top-performing and most promising crypto presale of 2024, surpassing BlockDAG (DAG) and DTX Exchange.
- ETFSwap offers unique value propositions, including access to tokenized real-world assets, seamless swaps between cryptocurrencies and institutional ETFs, up to 10x leverage, and passive income opportunities.
- Over 75 million tokens have already been sold in ETFSwap's presale, with expected profits to increase 100x. Experts believe it holds the potential to reach between $1-$3 upon listing.
- While BlockDAG (DAG) and DTX Exchange have their own attractive features, they fall behind ETFSwap in terms of value proposition and investor interest.
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Crypto-News-Flash
13h
145
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The BEFE Coin Quest: $100 to $300K Adventure
- BEFE coin is expected to have a big bullish run, potentially going over 30,000% before the year ends.
- Investors have the opportunity to turn a $100 investment into a profit as high as $300,000.
- The BEFE coin has enjoyed positive sentiment due to features like a no-presale price launch.
- BEFE is still in its early stages and could see significant growth in the coming weeks.
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Guardian
13h
68
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Train operator Lumo plans new direct service from Greater Manchester to London
- Transport group FirstGroup's Lumo brand plans to launch a direct train service between Greater Manchester and London.
- The service, if approved, will operate six return trains per day from London Euston to Rochdale, restoring a direct link lost in 2000.
- Lumo aims to offer competitive fares and will use new UK-built trains powered by electricity and batteries.
- The application for the second route to Rochdale has been submitted to the rail regulator, the Office of Rail and Road.
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HinduBusinessLine
13h
268
Image Credit: HinduBusinessLine
India’s poultry exports up at record $184 million on demand from West Asia, Lanka
- India's poultry exports have reached a record of $184 million due to demand from West Asia and Sri Lanka.
- Factors such as the Ukraine crisis and the earthquake in Turkey impacted production and shipments to West Asia, contributing to increased exports from India.
- However, Indian poultry products are finding it tough to compete in overseas markets as prices have risen and other origins such as Turkey and Iran offer lower prices.
- Poultry exporters are seeking government incentives and support to sustain growth and explore new markets in countries like Russia, Indonesia, and Malaysia.
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HinduBusinessLine
13h
214
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India’s increased trade with Russia not temporary: Jaishankar
- India's increased trade with Russia is not temporary, according to External Affairs Minister Jaishankar.
- Russia has become India's second largest import source in 2023-24, with imports increasing by 32.93% to $61.43 billion.
- India aims to access global resources to fuel its growth, with partnerships with countries like Australia and Latin America.
- India plans to re-engineer the logistical map of the world through projects such as the India-Middle East-Europe Economic Corridor.
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Guardian
13h
304
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Ofgem energy price cap will fall to £1,574 a year this summer, say analysts
- Energy bills in Great Britain are expected to fall by 7% this summer, equivalent to more than £100 a year, due to a drop in wholesale gas prices.
- Analysts at Cornwall Insight forecast that the government's energy price cap will decrease to £1,574 a year for the average dual-fuel energy bill from July.
- However, this would still be about £400 a year higher than pre-crisis levels, keeping millions of households in fuel poverty.
- Ofgem is conducting a review of the energy price cap, considering targeted caps for vulnerable households and dynamic pricing based on usage patterns.
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Guardian
13h
228
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Ex-Post Office boss did not believe there had been miscarriages of justice, inquiry hears
- The former Post Office chief executive, Paula Vennells, did not believe there had been miscarriages of justice, according to the Horizon inquiry.
- Post Office branch operators were dealt with in a way that made the company seem like corporate bullies.
- The Post Office paid nearly £58m to settle a lawsuit over Horizon, which caused financial shortfalls in branch accounts.
- Alisdair Cameron, the Post Office chief financial officer, admitted the company was over-reliant on Horizon and should have settled claims earlier.
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