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New Zealand economy falls into Recession, 1st since 2020
- New Zealand's agriculture-driven economy has entered into a recession, with official data showing a contraction of 0.1 percent in the first quarter, following a 0.7 percent decline at the end of 2022.
- The recession comes just months before the national elections, and Finance Minister Grant Robertson acknowledged that the downturn was not unexpected given the challenging global economic conditions and the impact of weather events such as January flooding in Auckland and Cyclone Gabrielle in February.
- The extreme weather events have caused significant damage, with the government estimating a cost of up to NZ$15 million (US$9 million) to address the aftermath.
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Bloomberg Quint
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Q4 Results Live: Ashok Leyland, JSW Steel, Reliance Infra, Aditya Birla Fashion, BEML To Be In Focus
- Companies like Ashok Leyland, JSW Steel, Reliance Infra, Aditya Birla Fashion, BEML, Glenmark Pharma, and Devyani International will announce their earnings for the fourth quarter.
- JSW Steel Ltd., Ashok Leyland Ltd., Glenmark Pharmaceuticals Ltd., and Aditya Birla Fashion and Retail Ltd. are set to disclose their Q4 results on Friday.
- Stay updated with the live feed for Q4 results of these prominent companies like Ashok Leyland, JSW Steel, Reliance Infra, Aditya Birla Fashion, and BEML.
- For more updates, you can watch LIVE TV, Get Stock Market Updates, Top Business, IPO, and Latest News on NDTV Profit.
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TechBullion
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A Science-Driven Shift in Women’s Health: New OTC Medication MEnera Targets Hormonal and Reproductive Conditions
- MEnera is a new FDA-approved OTC medication targeting hormonal and reproductive conditions, valued at $44 million in the U.S. market.
- Formulated by Dr. Sheryene Tejeda, MEnera aims to restore hormonal balance, regulate menstrual cycles, relieve menopausal symptoms, and improve fertility.
- MEnera addresses biological dysfunctions at their source through a proprietary blend of biologically active cells, offering a unique approach to reproductive health.
- Developed by Medicinal Technologies, MEnera reflects a broader mission of providing science-driven medical solutions for gynecology, oncology, ophthalmology, and endocrinology.
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Bloomberg Quint
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Gujarat State Petronet Q4 Results Review: Nirmal Bang Maintains 'Buy' On Positive Risk-Reward
- Gujarat State Petronet's Q4 net profit miss was mainly due to a 13.8% miss on volume and higher other expenses, interest expenses as per Nirmal Bang.
- GSPL's gas volume reported at 25.76 mmscmd was down 22.8% YoY and fell 11.3% QoQ, short 13.8% on the brokerage's estimate across segments.
- GSPL's standalone results for Q4 FY25 had a PAT of Rs 707 million, a 40.9%/45.8% miss on Nirmal Bang/Bloomberg (street) estimates.
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TechBullion
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How IT Support Services Help Maintain System Reliability
- In today’s digital-first world, ensuring the reliability of your IT systems is crucial for business success.
- IT Support Services have become a necessity to prevent major crashes, secure data, and minimize downtime.
- These services provide technical support, maintenance, monitoring, and emergency response to keep systems running smoothly.
- Partnering with a Managed IT Services Provider offers access to expert support and tools for a predictable monthly fee.
- Proactive monitoring helps identify issues early to prevent system failures.
- Onsite IT Services are essential for addressing complex or physical technical issues that cannot be solved remotely.
- IT Support Services play a critical role in strengthening cybersecurity defenses and ensuring data protection.
- They also manage software updates, backup plans, and disaster recovery processes for optimal system performance and security.
- A reliable IT Support Services provider can scale with your business growth and offer strategic guidance on technology investments.
- Having efficient IT support enhances employee productivity, morale, and overall business operations.
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Guardian
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‘Ludicrous and unfair’: older workers react to pressure to delay retirement
- As French workers protest Macron's plan to raise state pension age, the IMF suggests older workers should delay retirement to balance public finances amid aging population pressures.
- The IMF cited improved cognitive function and physical health of older individuals, advocating for delayed retirement and reduced early retirement benefits to address fiscal challenges.
- Response to the proposal was divided, with many expressing outrage at the idea of working later in life, especially for those in physically demanding or low-paid jobs.
- Critics argued that older workers have already contributed to the system and should not bear the burden of economic challenges alone, calling for government reconsideration of financial allocations.
- Suggestions included limiting immigration, reducing support for asylum seekers, and cutting benefits for non-working younger individuals before impacting retirement age.
- Concerns were raised about the impact of extended working years on social care and childcare responsibilities, pointing out the strain on older individuals serving as unpaid caregivers.
- Ageism in the job market was highlighted as a barrier to older workers wanting to prolong their careers, with discrimination seen as a significant obstacle in implementing retirement delay policies.
- Some individuals embraced the idea of working longer for personal, financial, and societal reasons, noting the benefits of staying active and engaged in work later in life.
- Amid varying perspectives on retirement age, the affordability of retirement was questioned due to increasing living costs, prompting individuals to reconsider traditional notions of retirement.
- Examples were shared of individuals who continued to work past traditional retirement ages, citing personal satisfaction, financial need, and a desire to remain engaged as reasons for their choice.
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HinduBusinessLine
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Bond bulls buy into market despite rise in yields and heavy debt supply
- The new benchmark 10-year bond yield in India was at 6.2121 per cent as of 09:45 AM IST.
- New Delhi plans to raise ₹27,000 crore through the sale of bonds on Friday.
- Indian bond yields have been fluctuating due to bets on policy easing and the rise in US Treasury yields.
- Reserve Bank of India is expected to cut interest rates for a third time on June 6, and traders anticipate the central bank's dividend transfer to exceed the previous year's amount.
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Crypto-News-Flash
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Discover the Secrets of XRP Passive Income: How to Earn $500-$93,070 Per Day with CRYPTOMININGFIRM
- CRYPTOMININGFIRM offers a way to earn passive income through cryptocurrency mining, with potential earnings ranging from $500 to $93,070 per day.
- Cryptocurrency mining involves verifying and adding transactions to the blockchain using powerful computers to earn rewards in the form of coins and transaction fees.
- By signing up for CRYPTOMININGFIRM, users can start with a free account and receive a welcome bonus, allowing them to earn income without active involvement.
- Different investment plans are available, catering to various financial goals and offering daily automatic deposits into the account.
- Actual income examples from CRYPTOMININGFIRM users show the potential for significant profit growth, with investments ranging from $100 to $49,000 yielding various net profits.
- The platform provides advantages such as random bonuses, high profit levels, daily payouts, and an affiliate program for referral bonuses.
- With advanced security measures, CRYPTOMININGFIRM ensures maximum uptime and secure transactions to protect investments.
- Users can start earning instantly with bonuses upon registration on the website and can increase earnings by reinvesting or upgrading equipment.
- To maximize earnings, selecting the right plan, staying informed about market trends, monitoring performance, and reinvesting profits with CRYPTOMININGFIRM are essential.
- Cryptocurrency cloud mining with CRYPTOMININGFIRM is a valuable way to increase passive income potential with minimal time investment, making it an attractive option for investors.
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Bloomberg Quint
1h
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Sun Pharma Q4 Review: Strong Domestic Growth Offset By Weakness In US Generics; Systematix Maintains 'Buy'
- Sun Pharma's Q4 review shows strong domestic growth offset by weakness in US generics.
- Systematix maintains a 'Buy' rating and adjusts its estimates considering updated tax guidance and contributions from new launches in the specialty segment.
- Sun Pharma plans a $100 million investment in new launches along with unveiling crucial clinical data on its new chemical entity pipeline, which includes Vibozilimod and Ilumya for psoriatic arthritis.
- The clinical data release is expected to significantly influence sentiment regarding Sun Pharma's medium to long-term growth.
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HinduBusinessLine
1h
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Jane Street earns $2.3 billion riding India options trading wave
- Jane Street earned $2.3 billion from trading in India, representing more than a 10th of its total net trading revenue last year.
- SEBI is investigating Jane Street's derivatives trades following allegations of manipulation, while a separate probe by NSE was closed last month.
- High-frequency trading firms like Jane Street have benefitted from the retail investor-led options frenzy in India, with the market witnessing significant growth in recent years.
- Equity options trading in India has slowed down this year due to restrictions imposed by SEBI to protect retail traders, leading to lower growth in fees from options traded on the NSE.
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HinduBusinessLine
1h
87
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Banks' loan growth at the slowest pace since 2022
- Grasim Industries secures a 10 billion rupees bond at a low rate amidst RBI's rate cuts.
- Jio Credit Ltd., owned by Mukesh Ambani, to raise three-year money at 7.08% coupon, 11 basis points lower than last week.
- Edelweiss Asset Management launches altiva SIF for retail investors offering products across equity, hybrid, and fixed-income categories.
- India's loan growth falls below 10% for the first time in over three years, with bank loans growing at the slowest pace since March 2022.
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Bloomberg Quint
1h
57
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Motorola Razr 60 With Foldable Display To Launch In India On May 28
- Motorola is set to launch the Razr 60, its latest foldable smartphone, in India on May 28, offering unique colour options, focused on premium design and long-term software support.
- The Indian edition of the Razr 60 will have 8GB RAM paired with 256GB internal memory and three distinct colour variants.
- The Razr 60 features a 6.96-inch POLED LTPO main display, a 3.63-inch cover display, MediaTek Dimensity 7400X chipset, dual-camera system with a 50MP main sensor, and a 13MP ultra-wide lens.
- The device will have a 4,500mAh battery, support 30W wired fast charging, 15W wireless charging, and is rated IP48 for resistance to dust and water. The pricing for India is yet to be announced.
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HinduBusinessLine
1h
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Nifty Prediction Today – May 23, 2025: Bullish. Make use of dips to go long
- Nifty prediction for May 23, 2025 is bullish, with a potential rise to 24,900-24,950 during the day.
- Support is expected in the 24,720-24,700 region, and any dips are likely to be limited to this zone.
- If Nifty breaks above 24,950 decisively, it could further rise towards 25,200 and higher.
- Traders are advised to go long on dips at specific levels and maintain stop-loss orders accordingly.
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Bloomberg Quint
1h
57
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Honor 400 Unveiled With 200 MP AI Camera: Top Features, Price And Other Key Details
- Honor 400 smartphone unveiled with a 200 MP AI camera, 5,300 mAh battery, and 6.55-inch AMOLED display.
- Powered by Snapdragon 7 Gen 3 octa-core chipset for smooth multitasking, it runs on MagicOS 9.0 based on Android 15.
- Comes in two memory configurations: 8GB RAM with 256GB storage and 512GB storage, available in Desert Gold, Meteor Silver, and Midnight Black colors.
- Base variant priced at £399.99 in the UK, approximately Rs 46,000 in India; offers six years of software warranty.
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Bloomberg Quint
1h
298
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ITI Q4 Results 2025 Announcement Next Week — All You Need To Know
- ITI Ltd. will announce its Q4 and fiscal year 2025 financial results next week, as confirmed by a recent stock exchange filing.
- The Board will meet on May 27 to review and approve the audited financial results, along with considering the allotment of equity shares to the President of India.
- The company's trading window for designated persons has been closed until 48 hours after the financial results declaration, in accordance with SEBI Regulations to prevent insider trading.
- For Q3, ITI Ltd. reported a significant improvement in net loss and revenue growth, with the share price history showing fluctuations over different time periods.
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Bloomberg Quint
1h
70
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Waaree Energies, Premier Energies Shares Fall Sharply After Trump Tax Bill Clears US House
- Shares of Waaree Energies and Premier Energies fell sharply following the US House of Representatives' approval of President Trump's tax proposal.
- Concerns arose due to the proposed phase-out of clean energy incentives, including tax credits for solar energy installations, which could impact the global clean energy sector.
- Waaree Energies, heavily reliant on the US market, might face challenges as the tax bill threatens to reduce support for solar installations.
- Premier Energies, with limited exports, could also be affected by policy uncertainty, despite a smaller short-term impact compared to Waaree Energies.
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