U.S. Treasury pushes for uniform global cryptocurrency regulations
Fri, Jul 8, 2022 6:50 PM

U.S. Treasury pushes for uniform global cryptocurrency regulations

The U.S Treasury Department to share proposals on regulating crypto as part of the country’s ongoing initiatives to roll out common laws for the sector. In order to reduce the potential use of digital assets in crime, the fact sheet recommends that crypto should be regulated. Furthermore, the organisation points out that regulated cryptos can encourage financial inclusion & spur innovation.

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Aster DM Healthcare PAT may go up by 112.3% YoY in Q1: Prabhudas
Fri, Jul 8, 2022 6:49 PM

Aster DM Healthcare PAT may go up by 112.3% YoY in Q1: Prabhudas

Prabhudas Lilladher has worked on its first-quarter (April-June 22) earnings estimates for the Healthcare sector. The brokerage house anticipates Aster DM Healthcare to post a net profit of Rs 94.4 crore up 112.3% year-on-year (down 58.3% quarter-on-quarter). Net Sales are anticipated to increase by 5.7% Y-o-Y (down 8.1% Q-o-Q) to Rs 2,506.2 crore.

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Crypto exchange MEXC global to accept Visa, Mastercard
Fri, Jul 8, 2022 6:45 PM

Crypto exchange MEXC global to accept Visa, Mastercard

MEXC Global has begun letting customers directly buy cryptocurrencies with Mastercard and Visa. According to MEXC Global, purchases of cryptocurrencies with Visa and Mastercard will be permitted in 180 countries, with a cap of $5,000. MEXC Global partnered up with Visa and Mastercard to enable the purchase of fiat cryptocurrency.

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Torrent Pharmaceuticals' PAT might gain by 1.4% YoY to Rs 334.5 cr in Q1
Fri, Jul 8, 2022 6:43 PM

Torrent Pharmaceuticals' PAT might gain by 1.4% YoY to Rs 334.5 cr in Q1

Prabhudas Lilladher has worked out its Q1FY23 earnings estimates for the Healthcare sector. The brokerage house projected that Torrent Pharmaceuticals is likely to register a net profit of Rs 334.5 cr up 1.4% YoY (down 383.5% QoQ). The net sales of the Company are expected to grow by 6.9% YoY (up 7.1% QoQ) to Rs 2,281.4 cr. Its EBITDA is likely to fall by 1.3% YoY (up 19.2% QoQ) to Rs 668.5 cr.

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Zydus Lifesciences PAT may dip 10.6% YoY in Q1 : Prabhudas Lilladher
Fri, Jul 8, 2022 6:42 PM

Zydus Lifesciences PAT may dip 10.6% YoY in Q1 : Prabhudas Lilladher

Prabhudas Lilladher has worked on its first-quarter (April-June 22) earnings estimates for the Healthcare sector. The brokerage house anticipates Zydus Lifesciences to post a net profit of Rs 505.2 crore down 10.6% year-on-year (up 22.5% quarter-on-quarter). Net Sales are anticipated to decrease by 1.8 % Y-o-Y (up 2.3% Q-o-Q) to Rs 3,953.9 crore.

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Eris Lifesciences' PAT may go up by 4.3% YoY in Q1 : Prabhudas Lilladher
Fri, Jul 8, 2022 6:36 PM

Eris Lifesciences' PAT may go up by 4.3% YoY in Q1 : Prabhudas Lilladher

Prabhudas Lilladher has worked on its first-quarter (April-June 22) earnings estimates for the Healthcare sector. The brokerage house anticipates Eris Lifesciences to post a net profit at Rs 111.3 crore up 4.3% year-on-year (up 39.2% quarter-on-quarter). Net Sales are anticipated to increase by 9.1% Y-o-Y (up 24.6% Q-o-Q) to Rs 381.1 crore.

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Divis Laboratories' PAT may go up by 12.5% YoY in Q1 : Prabhudas Lilladher
Fri, Jul 8, 2022 6:31 PM

Divis Laboratories' PAT may go up by 12.5% YoY in Q1 : Prabhudas Lilladher

Prabhudas Lilladher has worked on its first-quarter (April-June 22) earnings estimates for the Healthcare sector. The brokerage house anticipates Divis Laboratories to post a net profit of Rs 626.8 crore up 12.5% year-on-year (down 29.9% quarter-on-quarter). Net Sales are expected to increase by 12.9 % Y-o-Y (down 12.1% Q-o-Q) to Rs 2,213 crore.

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Rohini Bhatia steps down from IndiGo board
Fri, Jul 8, 2022 6:25 PM

Rohini Bhatia steps down from IndiGo board

The operator of IndiGo Airline, Interglobe Aviation, said that Rohini Bhatia has stepped down from the Board of Directors of the Company. She is the chairperson of the company’s CSR committee and also the Chairperson of InterGlobe Foundation. She holds a diploma in Textile Design. Bhatia has also been the Director on the boards of several InterGlobe Group companies.

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Dogecoin is currently trading at $0.06883, moved down by 0.20% in last 24h
Fri, Jul 8, 2022 6:16 PM

Dogecoin is currently trading at $0.06883, moved down by 0.20% in last 24h

Dogecoin currently trades at $0.06883. In the last 24 hours, the coin moved 0.20% to the downside and increased by 5.84% in the last seven days. The 10th largest cryptocurrency by market cap is in red, unlike the rest of the crypto market. The 24-hour trading volume is at $462 Million, which is a 14.40% increase in the last 24 hours.

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Sun Pharma's PAT may go up by 23.7% YoY in Q1FY23: Prabhudas Lilladher
Fri, Jul 8, 2022 6:11 PM

Sun Pharma's PAT may go up by 23.7% YoY in Q1FY23: Prabhudas Lilladher

Prabhudas Lilladher has worked on its first-quarter (April-June 22) earnings estimates for the Healthcare sector. As per the brokerage, Sun Pharmaceutical Industries is expected to post a net profit of Rs 1,786.1 crore up 23.7% year-on-year (down 178.4% quarter-on-quarter). Net Sales are anticipated to increase by 4.9 % Y-o-Y (down 8% Q-o-Q) to Rs 10,198 crore.

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Bitcoin mining stocks rebound sharply, Digihost up by  26.6%
Fri, Jul 8, 2022 6:10 PM

Bitcoin mining stocks rebound sharply, Digihost up by 26.6%

Between Wednesday and Thursday, Bitcoin mining companies saw a sharp rebound as Bitcoin continued to recover steadily and crossed the $21,000 threshold. With an increase of 26.6 %, 18.94 %, and 17.62 %, respectively, Digihost (DGHI), TeraWulf (WULF), and Marathon Digital (MARA) led the pack. The rallies come as a breather in what has been a bad year for mining stocks.

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The shares of Howmet Aerospace spike after benchmark upgrades
Fri, Jul 8, 2022 6:09 PM

The shares of Howmet Aerospace spike after benchmark upgrades

Howmet Aerospace Inc's stock logged gains in premarket trading today. This stock spike can be attributed to the fact that Benchmark analyst Josh Sullivan's outlook for the company turned bullish. He cited a recovery in the supply chain behind his reformed outlook. Sullivan has set a target of $40/stock for the stock of Howmet Aerospace Inc.

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Vakrangee's consolidated net profit dips 80.58% in Q1FY23
Fri, Jul 8, 2022 6:01 PM

Vakrangee's consolidated net profit dips 80.58% in Q1FY23

Vakrangee reported an 80.58% to Rs 4.53 crore decline in net profit in the quarter ended June 2022, against Rs 23.33 crore during the previous quarter ended June 2021. Sales zoomed 46.75% to Rs 226.03 crore in the quarter ended June 2022, against Rs 154.02 crore in the previous quarter ended June 2021. The company was founded in 1990.

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Lupin's sales might fall by 0.7 percent YoY: Prabhudas Lilladher
Fri, Jul 8, 2022 6:00 PM

Lupin's sales might fall by 0.7 percent YoY: Prabhudas Lilladher

As per Prabhudas Lilladher's first quarter (April-June 22) earnings estimates for the Healthcare sector, Lupin could report a net profit of Rs 109.5 crore, down 79.8% year-on-year (down 121.1% quarter-on-quarter). The brokerage expects Lupin's net sales to decline by 0.7 percent YoY (up 9.2 percent Q-o-Q) to Rs 4,240.2 crore.

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Prabhudas Lilladher expects Ipca Laboratories' Q1 PAT to fall 36.5% YoY
Fri, Jul 8, 2022 5:56 PM

Prabhudas Lilladher expects Ipca Laboratories' Q1 PAT to fall 36.5% YoY

Prabhudas Lilladher has released its first quarter (April-June 22) earnings estimates for the Healthcare sector. It is of the opinion that Ipca Laboratories might log a net profit of Rs 194.9 crore, down 36.5% year-on-year (up 49.6% quarter-on-quarter) and expects its net sales to decline by 7.3 percent Y-o-Y (up 12.6 percent Q-o-Q) to Rs 1,451.7 crore.

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