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News on Medial
CDSL shares turn negative after stellar run in 2024, what's next?
Business Today
·
4m ago
Medial
After a strong performance in 2024, shares of Central Depository Services (India) Limited (CDSL) have turned negative. CDSL, a SEBI-registered depository, was established to offer reliable and secure depository services at affordable prices to market participants.
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India's Bank of Baroda falls after RBI ban on adding new app customers
Reuters
·
1y ago
Medial
Shares of Bank of Baroda (BOB.NS) dropped by nearly 4% after the Reserve Bank of India (RBI) prohibited the state-run lender from adding customers to its mobile app due to "certain material supervisory concerns." The RBI stated that the bank can resume onboarding customers to its bob World app only after addressing the identified deficiencies. Macquarie analysts anticipate a negative impact on the bank's asset and liability growth as a result of the restriction on digital sourcing. Bank of Baroda's shares have underperformed the PSU bank index this year.
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Nvidia profits soar over 600%, revenues above 200% as shares top $1,000
Livemint
·
1y ago
Medial
Nvidia Corp. has reported stellar earnings, with profit and revenue soaring due to the company's dominance in AI chips. Its net income surged to $14.88 billion, a sevenfold increase from the previous year, and revenue tripled to $26.04 billion. Nvidia's shares also crossed the $1,000 mark for the first time. The company's CEO, Jensen Huang, emphasized the significant role of AI in the next "industrial revolution" and predicted an increase in the use of Nvidia chips for building AI factories. Analysts praised Nvidia's performance, highlighting its continued dominance in the AI hardware market.
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Mobikwik shares in bear grip, down 35% from IPO listing price; what's next?
Business Today
·
5m ago
Medial
Mobikwik Systems shares have experienced a significant decrease, falling 35% from their IPO listing price of Rs 442. The record low for the shares was Rs 261.30, while the current trading price is Rs 287. The fintech company, known for prepaid digital wallets and online payment services, has a market cap of Rs 2,235.81 crore. The IPO, which opened in December 2024, had a price band of Rs 265 to Rs 279 per share.
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Nike’s slow recovery is testing investors’ patience
Livemint
·
1y ago
Medial
Nike's recent performance has been disappointing, with shares dropping 12% following its earnings announcement. Sales have been flat, and the company's slowest growth in 14 years is concerning. Nike's strategy of pulling back popular products to regain pricing power has had a negative impact on digital sales. Additionally, there are concerns about the company's innovation pipeline and competition from Adidas and smaller brands. To turn things around, Nike plans to invest more in advertising and sponsorships. With healthy margins and ample resources, Nike has the potential to bounce back.
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Zepto revenue more than doubles in FY24 to Rs 4,454 crore; net loss marginally down
Economic Times
·
8m ago
Medial
Quick commerce firm Zepto reported an operating revenue of Rs 4,454 crore in fiscal 2024, showing a 120% increase from the previous year. Despite this growth, the company's net loss only slightly decreased to Rs 1,249 crore. Zepto's CEO is optimistic about future profitability and expects to achieve profit after tax (PAT) in the near term. Additionally, Zepto plans to launch a standalone app for its 10-minute food delivery service, Cafe, next week. The company aims to expand its cafe business nationwide and achieve an annual revenue run rate of Rs 1,000 crore in the next fiscal year.
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Paytm slumps another 20% after RBI clampdown on payments bank
VCCircle
·
1y ago
Medial
Shares of Paytm, the Indian digital payments firm, plunged 20% after the Reserve Bank of India (RBI) ordered its payments bank to stop accepting new deposits. Despite attempts by Paytm to reassure users, investor sentiment remained negative. The company's CEO, Vijay Shekhar Sharma, stated that the app would continue to work as usual and that they were committed to serving the nation in full compliance. Paytm shares are down 36% this week.
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Nvidia's $25 billion buyback 'a head-scratcher' for some shareholders
Economic Times
·
1y ago
Medial
Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.
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What's the deal with social media and youth mental health?
Economic Times
·
1y ago
Medial
Increased smartphone use and social media have been blamed for the rising mental health issues among young people. However, recent studies suggest that the relationship between social media and mental health is more complex. While the negative impact of social media cannot be ignored, positive experiences are also possible. Young people often face unrealistic standards and exposure to distressing content, but social media also provides connections, job opportunities, and mental health education. It is crucial to equip adolescents with skills to use social media safely and in a mentally healthy manner, emphasizing critical evaluation, cyberbullying response, and promoting balance with other activities. Social media companies also need to play a role in safeguarding young users' wellbeing.
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UnitedHealth shares dive after report of US investigation into Medicare billing
Livemint
·
5m ago
Medial
UnitedHealth Group shares dropped significantly after the U.S. Department of Justice launched a civil fraud investigation into its Medicare billing practices. The probe focuses on how UnitedHealth records diagnoses to secure additional payments for Medicare Advantage plans, privately run variants of government Medicare for seniors. This inquiry has exacerbated existing challenges in UnitedHealth's business, leading to a more than 10% pre-market decline in stock value, affecting shares of other Medicare Advantage insurers as well.
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Here's what's coming to macOS Tahoe
TechCrunch
·
2m ago
Medial
Apple announced macOS Tahoe at WWDC, featuring a new "Liquid Glass" design for a sleek, customizable interface. Enhancements include tighter iPhone integration, a new Phone app on Mac, Live Translation, and AI-driven improvements to Spotlight, which now offers intelligent predictions and action execution. Additional features include Genmoji, Image Playground, and a revamped Messaging experience. The public beta launches next month, with the official release expected in the fall, while developers can access it immediately.
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