Goldman Sachs analysts are in the process of recalibrating projections for the Indian pharmaceutical sector during the ongoing Q4 FY24 earnings season. Their analysis takes into account a variety of factors, such as monthly sales data and currency fluctuations, to provide a comprehensive outlook for the sector. Notably, major players like Sun Pharma, Cipla, and
Wall Street
One of the key takeaways from Wall Street analysts last week was JPMorgan’s upgrade of Lockheed Martin (NYSE:LMT) to Overweight with a $518 price target. This upgrade was based on the observation that Lockheed Martin has not kept pace with the broader market, remaining unchanged year-to-date compared to an 8% rise in the market. The
The recent vote at Volkswagen’s Tennessee plant, resulting in the workers deciding to join the United Auto Workers (UAW), marks a significant milestone in the history of labor unions in the U.S. South and West. With a majority of eligible workers casting their ballots in favor of the UAW, this victory is seen as seismic
India is currently in the midst of the world’s largest election, with Prime Minister Narendra Modi aiming for a historic third term in office. The election, which involves almost one billion voters, is a crucial moment for the future of the country. Modi’s Bharatiya Janata Party (BJP) is up against an alliance of opposition parties,
In a recent announcement, ABB, a Swiss engineering company, revealed that it had exceeded profit expectations for the beginning of the year. The operational core profit (EBITA) for the first quarter saw an impressive 11% increase, reaching $1.42 billion. This figure surpassed analysts’ forecasts, which had predicted a lower amount of $1.36 billion. Despite this
The challenging times faced by Chinese exporters were evident at the Canton Fair in Guangzhou, where Wu Huazhan, a co-owner of a Chinese television factory, expressed the difficulties they were going through. The factory, which once imposed minimum orders to manage production efficiently, is now willing to accept any orders as profit margins have plummeted
The U.S. stock market experienced slight gains on Tuesday amidst volatile trading. Investors were grappling with Federal Reserve Jerome Powell’s indication of potentially higher rates for a longer period, coupled with better-than-expected corporate earnings. The Dow Jones Industrial Average saw an increase of 126 points, while the S&P 500 and NASDAQ Composite also edged slightly
The Asian stock market experienced a sharp decline on Monday, with the Iranian attack on Israel contributing to a decline in risk appetite. The incident raised concerns about the potential for a broader conflict in the Middle East, which negatively impacted market sentiment. However, the impact of the attack was limited, and there were indications
The Gulf markets witnessed a slight drop on Sunday in response to Iran’s unprecedented attack on Israeli territory. This attack has left investors on edge, with uncertainty looming over the resumption of trading on Monday. The situation is exacerbated by the latest global macroeconomic data, particularly the hotter-than-expected U.S. inflation figures. This has resulted in
The proposed $14.9 billion acquisition of U.S. Steel by Japan’s Nippon Steel has faced significant political opposition since it was announced. Despite receiving approval from U.S. Steel shareholders, with over 98% of the votes in favor of the deal, the merger is still not in the clear. President Joe Biden and several U.S. lawmakers have