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Myntra has achieved its first full year of profitability in FY24, reporting a profit of Rs 31 crore, a significant recovery from a loss of Rs 782 crore the previous year. Revenue increased by 15% to Rs 5,122 crore, driven by reduced expenses, which fell by approximately 3% to Rs 5,123 crore. While costs for materials, advertising, and IT decreased, employee benefit expenses rose compared to FY23.
Flipkart, India's largest ecommerce firm valued at $36 billion, is set to launch its IPO within 12-15 months, following internal approvals to shift its domicile from Singapore to India. This move is seen as a significant step for the startup sector, which is poised for a wave of public listings in 2025. Additionally, mergers and acquisitions in India have rebounded in 2024, showing a 13.5 percent increase until November.
Trump expressed strong support for tariffs, claiming they benefit the U.S. economy and asserting that they do not cost Americans anything. He dismissed concerns about higher consumer prices, stating that tariffs are a powerful tool for economic and diplomatic purposes, and criticized the U.S. for subsidizing countries like Canada and Mexico. Despite previous tariffs costing Americans billions, Trump maintained that they made the country richer and suggested he didn't fully utilize tariffs during his presidency due to the pandemic.
Ulta Beauty exceeded fiscal third-quarter earnings expectations, reporting $5.14 per share against the anticipated $4.54, and revenue of $2.53 billion, surpassing the $2.50 billion forecast. The retailer raised its full-year sales outlook to $11.1-$11.2 billion and earnings to $23.20-$23.75 per share, despite earlier concerns about cooling demand and increased competition. Shares rose approximately 10% in after-hours trading, although the stock is down about 19% year-to-date.
By 2030, nontraditional providers, including retailers and payers, are projected to capture 30% of the U.S. primary care market, with payer-owned primary care accounting for 20%. Traditional providers must adapt to competitive dynamics and value-based care models, while retailers face challenges in delivering comprehensive primary care. Advanced primary care providers are leading the shift towards population-specific care, but must navigate tighter economics and regulatory changes.
UBS has maintained a "Buy" rating for Walmart, setting a target price of $100 following discussions with the company's management. Analyst Michael Lasser noted that Walmart's business model is becoming less risky while simultaneously increasing profitability.
UBS has maintained its 'Buy' rating for Walmart, setting a target price of $100 following discussions with the company's management. Analyst Michael Lasser noted that Walmart's business model is becoming less risky while also increasing in profitability.
On Thursday, major analyst calls highlighted key companies including Nvidia, Tesla, Eli Lilly, Cheesecake Factory, Walmart, Costco, and Broadcom. These insights are crucial for investors looking to navigate the current market landscape effectively.
Consumers are increasingly pushing back against high prices, with major retailers like Target and Walmart responding by reducing prices. However, proposed tariffs from President-elect Trump could lead to new price hikes, as companies may find it easier to pass on costs to consumers than in previous years. Richmond Fed President Tom Barkin notes that while tariffs create inflationary pressure, the actual impact on prices will depend on various factors, including consumer and business responses.
The focus on diversity, equity, and inclusion (DEI) in US businesses is facing significant backlash, with at least 10 major companies, including Walmart and Boeing, scaling back their DEI initiatives. This trend is gaining traction following Donald Trump's reelection, as he plans to reinstate an order that prohibits bias training for government contractors.

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