Author: Market News Desk

India-based pharmaceutical giant Cipla Ltd, headquartered in Mumbai, Maharashtra, has reported a 30.12% year-on-year (YoY) surge in net profit for the fourth quarter of FY25, reaching ₹1,221.84 crore. The company’s strong Q4 performance is backed by an 8.5% increase in sales revenue. Cipla also announced a total dividend of ₹16 per share, including a special dividend to mark its 90th anniversary. Cipla Ltd, one of India’s leading pharmaceutical companies headquartered in Mumbai, Maharashtra, reported a 30.12% year-on-year increase in its consolidated net profit for the fourth quarter of FY25. The profit stood at ₹1,221.84 crore, compared to ₹939.04 crore in…

Apple Inc., based in Cupertino, California, has grown into a $3 trillion tech giant, largely due to its dependence on China for manufacturing and sales. This reliance, however, is now under pressure from the United States’ tariff strategies, prompting the company to diversify operations to countries like India and Vietnam. The transition, while strategic, is expected to be slow and costly. Apple Inc., headquartered in Cupertino, California, owes much of its meteoric rise to becoming a $3 trillion company to its manufacturing and sales network in China. But now, with ongoing tariff pressures from the United States, the tech giant…

McDonald’s Corporation, a global fast-food giant headquartered in Illinois, United States, has announced plans to hire up to 375,000 workers across the US during the summer of 2025. This move marks the company’s largest hiring spree in years and is aimed at preparing for customer demand as weather improves and the company continues expansion. McDonald’s intends these roles to be permanent, not seasonal. The announcement came on May 13, during a press conference with US Labor Secretary Lori Chavez-DeRemer, who noted the initiative supports the national upskilling goals. McDonald’s Corporation, the world’s leading fast-food chain headquartered in Chicago, Illinois, announced…

European stock markets continued to rise on Tuesday, propelled by positive corporate updates and the recent announcement of a truce between the United States and China regarding their ongoing trade dispute. European stocks extended their gains on Tuesday, marking a fourth consecutive day of positive movement. The rally was largely driven by strong corporate updates, with Bayer, the German multinational pharmaceutical and life sciences company, posting notable growth and boosting the market. As a result, European indices reached a six-week high. This upward trend in European stocks came a day after the United States and China announced a truce in…

Thomas Cook India Ltd has reported a 13.5% increase in consolidated net profit, reaching ₹66 crore for Q4 FY2025. This growth is attributed to higher revenue from travel-related services. The company also saw a rise in expenses, which grew from ₹1,631.92 crore to ₹1,930.45 crore. Additionally, Thomas Cook’s Board of Directors reappointed Mahesh Iyer as Managing Director and CEO. Thomas Cook India Ltd has announced a solid performance for the fourth quarter of the fiscal year 2025, reporting a 13.5% increase in consolidated net profit, which stood at ₹66 crore. This growth, compared to ₹58.17 crore in Q4 FY2024, was…

Integrity Infrabuild Developers Limited, a Gujarat-based Class-A civil contractor, has launched its Initial Public Offering (IPO) in India. The IPO opens for subscription on May 13, 2025, and will close on May 15, 2025. The issue is entirely a fresh offer of 12,00,000 equity shares priced at ₹100 apiece, aiming to raise ₹12 crore for machinery acquisition and working capital. Integrity Infrabuild Developers Limited, a Government of Gujarat-certified Class-A civil contractor, has announced the launch of its Initial Public Offering (IPO) in India. Headquartered in Gujarat, the company specializes in state government civil construction projects and subcontracting work in the…

India’s Ministry of Health and Family Welfare has overhauled the Central Government Health Scheme (CGHS) guidelines. From April 28, 2025, all CGHS contributions must be made through the new official portal, ending the use of the Bharatkosh payment system. The change includes a fully digital Health Management Information System (HMIS) to improve efficiency, transparency, and user experience, especially for pensioners. This transition affects Central Government employees and pensioners across states, including Delhi. In a significant move to modernize healthcare services, the Ministry of Health and Family Welfare, Government of India, has announced major changes to the Central Government Health Scheme…

As the UK and India move closer to finalizing a Free Trade Agreement (FTA), textile stocks with strong export exposure are gaining attention. Companies like Indo Count Industries (Maharashtra, India), KPR Mills (Tamil Nadu, India), and Vardhman Textiles (Punjab, India) stand to benefit from tariff-free access to the UK market. However, with current valuations already high, analysts suggest a cautious approach until the deal is fully implemented and export demand trends become clearer. India is nearing the final stages of signing a Free Trade Agreement (FTA) with the United Kingdom, a move that could reshape the future of its export-driven…

After the successful conclusion of the India–UK Free Trade Agreement (FTA), a report by Canara Bank India highlights the importance of enforcing stringent rules of origin and verifying local content to prevent the backdoor entry of Chinese goods. While the agreement offers India duty-free access on 99% of UK tariff lines, concerns remain over possible misuse unless tighter regulations are put in place. Canara Bank, a leading public sector bank headquartered in Bengaluru, Karnataka, has called for the implementation of stringent local content requirements in the recently signed India–United Kingdom Free Trade Agreement (FTA). The bank’s economic research division has…

India’s central bank, the Reserve Bank of India (RBI), will implement a new set of digital lending regulations starting May 13, 2025. These rules aim to enhance consumer protection, ensure transparency, and tackle misuse by unregulated apps. The guidelines mandate registration of all lending apps and reinforce that only banks and NBFCs can issue digital loans. In a decisive step towards regulating India’s fast-growing digital lending ecosystem, the Reserve Bank of India (RBI) has implemented new rules to ensure consumer safety, transparency, and data protection. The changes, which take effect from May 13, 2025, are designed to address widespread concerns…