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Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results
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Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results

Shares of Gland Pharma hit a 52-week low of Rs 1,942.90 as they plunged 13 per cent on the BSE in Thursday’s intra-day trade after the company reported a 20.14 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 241 crore for the second quarter ended September 30 (Q2FY23), owing to lower...

U.S. hits Iran with new sanctions after protest crackdown
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U.S. hits Iran with new sanctions after protest crackdown

WASHINGTON —  With efforts to revive the Iran nuclear deal languishing, the Biden administration on Wednesday hit Tehran with a new batch of economic sanctions as punishment for repression of widespread demonstrations against restrictions on women and other issues. Iranian security forces have cracked down on thousands of citizens protesting the death in police custody last...

Australians pay more for food as headline inflation hits decade’s high
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Australians pay more for food as headline inflation hits decade’s high

Australia’s headline inflation rate has reached a multi-decade high, with fruit and vegetables prices leading the charge in food and grocery. Inflation accelerated to an annualised rate of 7.3% in the quarter through September, the fastest pace since 1990, and up from 6.1% in the three months ended in June, according to the Australian Bureau...

Gold hits near 2-week high on bets for easing interest rate hikes
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Gold hits near 2-week high on bets for easing interest rate hikes

Gold prices jumped over 1% on Wednesday as the dollar and bond yields weakened amid signs that the U.S. Federal Reserve’s aggressive rate hikes were dampening inflationary pressures, prompting speculation that it could shift to smaller rate rises. While the Fed is still widely expected to deliver a 75-basis-point rate hike in...

Drought from China to US hits hydro dams, slashing top clean energy source
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Drought from China to US hits hydro dams, slashing top clean energy source

China’s Three Gorges Dam is an awe-inspiring sight, a vast barrier across the Yangtze River that contains enough concrete to fill seven Wembley Stadiums and more steel than eight Empire State Buildings. Its turbines could singlehandedly power the Philippines. But this summer, the world’s largest power plant was eerily quiet. ...

Australia inflation hits highest in 32 years; Asia-Pacific markets rise
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Australia inflation hits highest in 32 years; Asia-Pacific markets rise

Shoppers walking around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Brendon Thorne | Getty Images News | Getty Images Shares in the Asia-Pacific rose Wednesday as sentiment overnight improved over the Fed potentially turning less aggressive. Australia’s annual consumer price index reached the highest since December 1990. In Australia, the S&P/ASX 200 rose...

Spotify hits 195 million paid subscribers
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Spotify hits 195 million paid subscribers

Spotify now has 195 million paying subscribers, the company announced on Tuesday, an increase of 7 million since last quarter, surpassing guidance by 1 million net adds. The company expects to cross the 200 million mark by the end of the year. Even with that bright subscription news, Wall Street was not thrilled with the...

5.1 earthquake hits near San Jose, rattling Bay Area
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5.1 earthquake hits near San Jose, rattling Bay Area

The San Francisco Bay Area was rattled Tuesday by a magnitude 5.1 earthquake centered near San Jose. The San Jose Fire Department had not received any emergency calls related to the incident, spokesperson Erica Ray said. The San Jose Police Department also said it had not received any reports of damage or injuries. Raymond Riordan,...