Alkem Laboratories Ltd, a leading pharmaceutical company, has announced a remarkable 76.83% increase in its consolidated net profit for the second quarter ended September 30. The company reported a net profit of Rs 614.89 crore, compared to Rs 347.72 crore in the same period last year. This impressive growth can be attributed to lower raw…
French prosecutors have launched a preliminary investigation into multinational pharmaceutical company Sanofi over potential market manipulation. The Parquet National Financier, the French financial prosecutor, opened the probe in March 2023, focusing on allegations of “dissemination of false or misleading information and price manipulation” related to Sanofi’s past financial communications. Sanofi has responded by stating that…
CIBIL Score vs CIBIL Report: Understanding the Key Differences In India, assessing an individual’s creditworthiness is crucial for lenders and lending institutions. Two important factors in this evaluation process are the CIBIL score and the CIBIL report. To shed light on these concepts, below is a breakdown of their differences. CIBIL Score: – Nature of…
Jyothy Labs Ltd, a leading FMCG maker, has announced an impressive 59.1% increase in its consolidated net profit for the second quarter ended September 30. The company reported a net profit of Rs 103.98 crore, compared to Rs 65.35 crore in the same quarter of the previous fiscal year. This remarkable growth can be attributed…
The Ministry of Electronics and Information Technology has recently issued an advisory to social media companies, emphasizing the importance of following existing rules and regulations. According to sources, the advisory specifically highlights Rule 66D of the Information Technology Act, 2000, which states that cheating through personation using computer resources can result in imprisonment of up…
Title: Betting Apps Under Scrutiny for Data Theft and National Security Threats, Reveals Analysis By: Pierre Herubel November 07, 2023, 11:49 IST In a disturbing revelation, central agencies including the Intelligence Bureau (IB) and the Research and Analysis Wing (R&AW) have uncovered alarming features in betting apps that pose a threat to data security and…
Indian Smartphone Market Remains Flat in Q3 2023 with 44 Million Shipments The Indian smartphone market has shown no significant growth in Q3 2023, as it remained flat compared to the previous year. During this period, a total of 44 million smartphones were sold, reflecting a muted performance. September recorded the lowest shipments since 2019….
Nintendo Reports Strong Sales and Profit for Second Quarter Nintendo has announced better-than-expected sales and profit for its fiscal second quarter, buoyed by the success of the “Super Mario Bros. Movie” and the release of the flagship Zelda game this year. The company’s revenue reached 334.9 billion Japanese yen ($2.2 billion), surpassing the expected 317.3…
WeWork’s downfall and subsequent Chapter 11 bankruptcy filing can largely be attributed to its co-founder and former CEO, Adam Neumann. Neumann, who founded WeWork in 2010, played a significant role in building the company into a real estate giant worth $47 billion at its peak in 2019. However, by the time of its bankruptcy filing,…
China Experiences Unexpected Drop in Exports in October, Imports Surprisingly Rise BEIJING – In a surprising turn of events, China has reported a worse-than-expected decrease in exports for the month of October, while imports unexpectedly rose compared to the same period last year. According to China’s customs agency, exports in U.S. dollar terms fell by…
