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TVS Motor plans new electric vehicle launches to boost market growth

TVS Motor, the second-largest electric two-wheeler manufacturer after Ola Electric, is poised for significant growth, having reported a 31% increase in EV sales with a record 75,000 units sold last quarter. The company plans to expand its electric vehicle lineup with multiple launches this financial year, confident in outpacing industry growth. In the first half of the year, TVS generated Rs 1,600 crore in revenue from its EV segment, positioning itself for future investments.
Moneycontrol
TVS Motor Company Limited OLA ELECTRIC MOBILITY LTD IND
Technology & Innovation, Market Report
16:36 23.10.2024

harris remains silent on taxing unrealized gains amid democratic tax plans

Vice President Kamala Harris has remained silent on the Democrats' initiative to tax unrealized investment gains, raising questions about her commitment to this key aspect of the party's tax strategy for billionaires. She has already indicated a willingness to scale back President Biden's capital gains tax policy and is not providing details on her support for other tax proposals aimed at the wealthy.
Bloomberg.com
Internal Revenue Code USA Joe Biden Kamala Harris
Finance & Economy, News Article
16:35 23.10.2024

nifty faces consolidation below key level while bank nifty tests support

The Nifty 50 defended the support level of 24,400, closing at 24,436, while the Bank Nifty fell to 51,239. Consolidation with a negative bias is expected as long as the Nifty remains below 24,700, with significant selling pressure anticipated if it drops below 24,350-24,400. The Bank Nifty faces resistance between 51,500-51,800, with immediate support at 51,100, where a decline could lead to a major downturn.
Moneycontrol
United States Dollar Sharekhan Ltd. IND Jatin Gedia
Finance & Economy, Market Report
16:28 23.10.2024

UBS downgrades Unilever to sell with target price of 4000 pence

UBS has maintained a "Sell" rating on Unilever shares, setting a target price of 4000 Pence. This decision follows the financial results from Hindustan Unilever and Unilever Indonesia, as noted by analyst Guillaume Delmas in a recent report.
boerse.de
Unilever PLC GBR Guillaume Delmas
TradFi, Market Report
16:28 23.10.2024

Novo Nordisk seeks to restrict compounded versions of semaglutide drugs

Novo Nordisk is seeking to restrict compounded versions of its weight-loss drugs, Ozempic and Wegovy, by lobbying the FDA to add semaglutide to its Demonstrable Difficulties for Compounding list, citing safety concerns. This move aims to protect patients and ensure they receive FDA-approved medications, as compounded versions are often sold at significantly lower prices. The compounding industry disputes these claims, arguing that the action is more about protecting profits than patient safety.
WIRED
United States Dollar Eli Lilly and Company Novo Nordisk A/S DNK Scott Brunner Jamie Bennett Amanda Hils Show more
Regulatory & Legal, News Article
16:27 23.10.2024

india's rate-setters cautious on inflation amid geopolitical and food price risks

India's rate-setters are maintaining a cautious stance on inflation amid ongoing geopolitical tensions and fluctuating food prices, as revealed in the recent minutes from the central bank's monetary policy committee meeting. The Reserve Bank of India opted to keep interest rates unchanged and adjusted its stance to neutral, indicating a potential shift towards easing in the future.
bloomberg.com
Indian Rupee Reserve Bank OF India University/AOP/Society IND
Finance & Economy, Market Report
16:21 23.10.2024

elevance health lays off 123 employees amid declining medicare advantage ratings

Elevance Health is laying off 123 employees in California, with 64 at a Carelon office in Cerritos and 59 at Anthem Blue Cross in Woodland Hills, as part of permanent job cuts linked to declining Medicare Advantage Star Ratings and a 22.5% drop in Q3 net income. The layoffs follow a challenging earnings call where CEO Gail Boudreaux discussed the impact of lower ratings on the company's performance. Additionally, UnitedHealth Group's Optum announced 524 layoffs across California, primarily affecting urgent care facilities.
healthcarefinancenews.com
Optum Bank Inc. UnitedHealth Group Incorporated Anthem Blue Cross Life AND Health Insurance Company CORPORATION USA Dean Mitchell Gail Boudreaux Show more
Healthcare, News Article
16:20 23.10.2024

Nubank reassesses Argentina's prospects under President Javier Milei's leadership

Nubank's CEO David Velez expressed optimism for Argentina's future under President Javier Milei, noting that the entire region is supportive of his success. The financial-technology firm is reassessing its approach to the South American market and will closely monitor developments in Argentina over the next year.
bloomberg.com
Argentine Peso Nubank ARG David Velez Javier Milei
Finance & Economy, News Article
16:20 23.10.2024

Amgen prepares to launch Eylea biosimilar amid ongoing legal battles

Amgen is set to launch its Eylea biosimilar, Pavblu, after a court ruling lifted a temporary injunction that had blocked its introduction. Despite Regeneron's claims of patent infringement and plans to continue legal battles, analysts suggest Amgen's move may be a tactic to prompt a settlement. The legal dispute intensified after a district court denied Regeneron's request for a preliminary injunction, allowing Amgen to proceed with its launch "at risk."
BioPharma Dive
United States Dollar Formycon AG Biogen Inc. Regeneron Pharmaceuticals, Inc. Amgen Inc. Sandoz Group AG Biocon Biologics USA Brian Skorney Christopher Raymond Show more
Regulatory & Legal, News Article
16:20 23.10.2024

Usha Financial Services IPO to Launch with 27 Percent Premium on October 24

Usha Financial Services is set to open its IPO for public subscription on October 24, with a grey market premium indicating a 27% rise. The RBI-registered Non-Banking Financial Company (NBFC) aims to enhance its offerings in MSME lending and green finance, among other sectors.
Moneycontrol
Usha Financial Services Ltd. IND
Finance & Economy, Market Report
16:18 23.10.2024
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