Laurus Labs reported a 19% year-on-year jump in net profit to Rs 279 crore for the March quarter, with revenue rising 5% to Rs 1,812 crore. Full-year net profit surged 148% to Rs 889 crore, driven by strong growth in its CDMO and Generics divisions. The company also announced an interim dividend of Rs 1.20 per share.
New Fed Chair Kevin Warsh inherits a divided Federal Reserve. Four voters dissented on the latest policy, the largest split since 1992. Rising oil prices and inflation create a complex economic landscape. Warsh aims for more open debate at the Fed. His leadership begins amidst significant monetary policy challenges.
The Indian stock market saw a dip on Thursday with the Sensex falling. However, this did not stop four stocks from the BSE 200 index from reaching their highest levels in a year. These companies, including Lloyds Metals & Energy and Hitachi Energy India, showed strong upward movement.
Major US stock indices opened mixed on Thursday, with the S&P 500 and Nasdaq climbing on the back of robust earnings reports. Despite positive corporate results, investor sentiment was tempered by growing concerns over potential escalation of the Middle East conflict, which weighed on the Dow Jones Industrial Average.
Aster DM Healthcare reported an 18% year-on-year revenue increase in Q4 to Rs 1,182 crore, with operating EBITDA up 31%. The company is on track to complete its merger with Quality Care India Ltd in Q1 FY27, creating a combined entity with over 10,600 beds.
The Bank of England kept interest rates on hold on Thursday and set out scenarios for the economic impact of the Iran war, one of which could require a "forceful" increase in borrowing costs.
The soccer coach had blocked himself from sportsbooks by the time he found prediction markets.
Eli Lilly raised its annual profit and revenue forecasts and posted better-than-expected first quarter on Thursday, on steady demand for its weight-loss and diabetes drugs Zepbound and Mounjaro, in its first results since launching oral GLP-1 pill Foundayo.
Indian government bonds ended April close to levels seen at the end of the month prior after declining on Thursday, as crude oil prices and Treasury yields surged, though dovish central bank policy helped calm some nerves.
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