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India Pharma Sector Set for Robust Growth Amidst Margin Concerns
As the Q4 FY24 earnings season is going on, Goldman Sachs (NYSE:GS) analysts have recalibrated their projections for the Indian pharmaceutical sector, factoring in a spectrum of variables from monthly sales data to currency fluctuations. Notably, the sector continues to trade at valuations exceeding one standard deviation above its five-year average, largely propelled by the resilience of major players like Sun Pharma (NS:SUN), Cipla (NS:CIPL), and Divi’s Laboratories.
Elon Musk pushed for 20% headcount reduction in Tesla- Bloomberg
Investing.com– Elon Musk had pushed for a 20% headcount reduction in Tesla Inc (NASDAQ:TSLA), Bloomberg reported on Sunday, citing a source close to the EV maker’s CEO as it undertakes a pivot into autonomous vehicles following a drop in deliveries.
Vietnam set to launch new stocks trading system in bid for market upgrade
By Phuong Nguyen and Francesco Guarascio
Apparel retailer Express files for US bankruptcy protection, to close over 100 stores
(Reuters) – Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.
Xiaomi CEO says will introduce production capacity, delivery plan for SU7 at auto show
BEIJING (Reuters) – Xiaomi (OTC:XIACF)\’s CEO said the company will offer more details about its production capacity and delivery plan…
Blackstone tops Concord's bid for Shakira music owner Hipgnosis
(Reuters) -Blackstone made a potential offer to buy Hipgnosis Songs Fund for about $1.5 billion, outbidding Apollo-backed Concord and triggering a takeover battle for the owner of music rights by artists including Shakira and Red Hot Chili Peppers.
Sony/Apollo bid for Paramount could be worth as much as $29 billion – Source
Investing.com — The blockbuster sale of legendary Paramount Global (NASDAQ:PARA) to David Ellison\’s Skydance Media may be at significant risk of falling short as Sony (NYSE:SONY) and Apollo Global Management (NYSE:APO) prepare to make \”a significantly better offer that will benefit all shareholders of the company,\” an insider told Investing.com exclusively this morning.
US air safety agency requires more down time for traffic controllers
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration will require 10 hours off between shifts for air traffic controllers, and 12 hours off before a midnight shift, effective in 90 days, the agency\’s head said on Friday.